{ "ticker": { "uuid": "6040b71e-3f44-49ba-9c6a-f5e5f9e0be5b", "symbol": "BSHSL", "name": "Bombay Super Hybrid Seeds Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.003, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -20.56, "architecture_energy": 30.599, "architecture_maturity": 4.13, "architecture_confidence": 62.346, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 39.58, "rotation_up": 19.88, "upward_expansion": 19.18, "deceleration": 55.81, "rotation_down": 56.62, "downward_expansion": 48.84 }, "activity_lines": [ 88.090667, 88.918182, 91.639809, 91.273635 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 91.0, "trend_reference": 91.147667, "distance_from_trend": -0.00162, "trend_direction": "Weakening", "fair_value": 160.494551, "distance_from_fair_value": -0.433003, "fair_value_direction": "Improving", "relative_strength": -11.157214, "relative_strength_direction": "Improving", "price_momentum": -0.007634, "excess_performance": 0.036076, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00162, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.058359, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.433003, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.013663, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.111572, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002882, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.007634, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.29142, "read": "Supply-led" } ], "volume": { "latest": 39119, "relative_activity": 0.100988, "balance": 0.29142, "dry_up": 0.063109, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.057117, "annualized_volatility": 0.499708, "from_high_reference": -0.393333, "from_low_reference": 0.538201 }, "levels": { "trend_reference": 91.147667, "fair_value_reference": 160.494551, "structural_low": 59.16, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.037798, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.020036, "regime_survival": 0.0, "best_return": 0.086644, "worst_return": -0.037226, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.145445, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.192922, "regime_survival": 0.0, "best_return": -0.10954, "worst_return": -0.193525, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.1556, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.217121, "regime_survival": 0.0, "best_return": -0.073332, "worst_return": -0.175528, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.303536, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.562602, "regime_survival": 0.0, "best_return": -0.303536, "worst_return": -0.303536, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-08-26", "end": "2023-03-03", "tenure": "Extended", "return": 4.97391, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-03-10", "end": "2023-06-16", "tenure": "Established", "return": 0.394411, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-06-23", "end": "2023-07-07", "tenure": "New", "return": 0.130639, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-07-14", "end": "2023-12-29", "tenure": "Established", "return": -0.091187, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-05", "end": "2024-02-02", "tenure": "Developing", "return": -0.081279, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-09", "end": "2024-03-01", "tenure": "New", "return": -0.043388, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-08", "end": "2024-03-15", "tenure": "New", "return": -0.138721, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-22", "end": "2025-05-16", "tenure": "Extended", "return": -0.293691, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-10-10", "tenure": "Established", "return": -0.105064, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.031884, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-05-01", "tenure": "Extended", "return": -0.194683, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-07-10", "tenure": "Developing", "return": -0.112376, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.022472, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.070588, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 251.449997, "volume": 81415, "typical_volume": 124662.3, "trend": 341.646666, "fair_value": 104.005577, "relative_strength": -9.621618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.506032, "energy": 73.092927, "activity_lines": [ 270.586663, 281.760906, 298.510712, 311.728817 ] }, { "date": "2023-08-25", "close": 245.699997, "volume": 114439, "typical_volume": 125586.85, "trend": 333.273333, "fair_value": 105.509743, "relative_strength": -12.673832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.985226, "energy": 80.926148, "activity_lines": [ 259.749997, 274.079997, 291.802617, 305.538709 ] }, { "date": "2023-09-01", "close": 228.899994, "volume": 174844, "typical_volume": 121373.0, "trend": 319.77, "fair_value": 106.914231, "relative_strength": -20.274746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.102633, "energy": 86.84923, "activity_lines": [ 246.79333, 264.411815, 283.983807, 298.804945 ] }, { "date": "2023-09-08", "close": 250.850006, "volume": 229288, "typical_volume": 124970.2, "trend": 310.056667, "fair_value": 108.460481, "relative_strength": -15.349414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.481519, "energy": 76.036138, "activity_lines": [ 245.28, 259.791816, 278.953331, 294.358494 ] }, { "date": "2023-09-15", "close": 236.550003, "volume": 89520, "typical_volume": 120209.0, "trend": 303.953334, "fair_value": 109.918814, "relative_strength": -22.406818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.632228, "energy": 69.605081, "activity_lines": [ 241.046667, 253.064544, 273.123094, 289.616128 ] }, { "date": "2023-09-22", "close": 245.300003, "volume": 57908, "typical_volume": 116683.2, "trend": 300.591667, "fair_value": 111.430993, "relative_strength": -18.17972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.664319, "energy": 54.053105, "activity_lines": [ 241.916669, 249.528182, 268.809047, 285.832043 ] }, { "date": "2023-09-29", "close": 246.300003, "volume": 78619, "typical_volume": 117166.05, "trend": 299.871667, "fair_value": 112.952147, "relative_strength": -18.3022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.817165, "energy": 46.840985, "activity_lines": [ 243.530003, 247.067273, 265.114999, 282.329355 ] }, { "date": "2023-10-06", "close": 242.449997, "volume": 37423, "typical_volume": 110556.75, "trend": 300.676667, "fair_value": 114.448622, "relative_strength": -20.220644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.38336, "energy": 47.765791, "activity_lines": [ 243.820001, 244.844546, 261.506666, 278.624731 ] }, { "date": "2023-10-13", "close": 241.800003, "volume": 57525, "typical_volume": 104269.05, "trend": 299.453334, "fair_value": 115.939647, "relative_strength": -21.412388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.745915, "energy": 46.511156, "activity_lines": [ 242.990001, 243.382728, 258.136666, 274.826236 ] }, { "date": "2023-10-20", "close": 228.949997, "volume": 94374, "typical_volume": 100404.65, "trend": 295.24, "fair_value": 117.348301, "relative_strength": -25.297714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.80581, "energy": 51.838832, "activity_lines": [ 238.48, 240.307273, 253.933809, 270.277634 ] }, { "date": "2023-10-27", "close": 218.300003, "volume": 65901, "typical_volume": 100200.35, "trend": 290.26, "fair_value": 118.690609, "relative_strength": -27.404047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.208685, "energy": 65.214481, "activity_lines": [ 230.926667, 236.030001, 249.188095, 265.313763 ] }, { "date": "2023-11-03", "close": 216.899994, "volume": 60320, "typical_volume": 99971.05, "trend": 285.875, "fair_value": 120.021378, "relative_strength": -29.025188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.414593, "energy": 71.383973, "activity_lines": [ 224.706665, 232.100909, 244.775952, 260.580859 ] }, { "date": "2023-11-10", "close": 248.050003, "volume": 228425, "typical_volume": 105960.2, "trend": 281.628333, "fair_value": 121.550993, "relative_strength": -20.211132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.259209, "energy": 47.995369, "activity_lines": [ 230.83, 234.359091, 243.747143, 258.140537 ] }, { "date": "2023-11-17", "close": 230.350006, "volume": 71648, "typical_volume": 107353.3, "trend": 277.01, "fair_value": 122.969359, "relative_strength": -27.433408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.908531, "energy": 44.198951, "activity_lines": [ 230.680002, 233.05091, 241.218334, 254.832258 ] }, { "date": "2023-11-24", "close": 222.0, "volume": 70854, "typical_volume": 100434.9, "trend": 271.744999, "fair_value": 124.333558, "relative_strength": -30.582949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.828342, "energy": 43.927421, "activity_lines": [ 228.510002, 230.597274, 238.120953, 251.283226 ] }, { "date": "2023-12-01", "close": 219.600006, "volume": 81912, "typical_volume": 96554.0, "trend": 267.214999, "fair_value": 125.683461, "relative_strength": -33.204157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.912556, "energy": 42.80926, "activity_lines": [ 226.003337, 227.97182, 235.283334, 247.919033 ] }, { "date": "2023-12-08", "close": 258.799988, "volume": 429629, "typical_volume": 112074.75, "trend": 264.464999, "fair_value": 127.28375, "relative_strength": -24.265233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.347093, "energy": 21.674257, "activity_lines": [ 236.476665, 232.940909, 236.535476, 247.376129 ] }, { "date": "2023-12-15", "close": 260.25, "volume": 627837, "typical_volume": 140245.75, "trend": 262.956666, "fair_value": 128.893461, "relative_strength": -25.694858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.33794, "energy": 11.809716, "activity_lines": [ 244.639998, 237.946363, 238.111905, 247.104193 ] }, { "date": "2023-12-22", "close": 266.0, "volume": 331782, "typical_volume": 153078.2, "trend": 261.026666, "fair_value": 130.541218, "relative_strength": -23.82414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.686782, "energy": 20.350406, "activity_lines": [ 253.906665, 243.673636, 240.381429, 247.300537 ] }, { "date": "2023-12-29", "close": 267.600006, "volume": 181764, "typical_volume": 158271.35, "trend": 259.014999, "fair_value": 132.196667, "relative_strength": -24.691014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.941075, "energy": 36.16113, "activity_lines": [ 261.330001, 249.251819, 242.877382, 247.724624 ] }, { "date": "2024-01-05", "close": 265.75, "volume": 148412, "typical_volume": 161621.2, "trend": 257.328333, "fair_value": 133.840449, "relative_strength": -24.813697, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.373936, "energy": 44.581035, "activity_lines": [ 265.096667, 253.79091, 245.205477, 248.15914 ] }, { "date": "2024-01-12", "close": 270.600006, "volume": 250968, "typical_volume": 168447.65, "trend": 256.201666, "fair_value": 135.487852, "relative_strength": -23.372435, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.042373, "energy": 51.630917, "activity_lines": [ 267.403337, 258.349092, 247.927382, 249.015377 ] }, { "date": "2024-01-19", "close": 276.299988, "volume": 174880, "typical_volume": 168449.45, "trend": 255.843333, "fair_value": 137.17266, "relative_strength": -19.826865, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.931276, "energy": 55.085256, "activity_lines": [ 270.823332, 262.967272, 251.073571, 250.312043 ] }, { "date": "2024-01-26", "close": 253.199997, "volume": 182015, "typical_volume": 166085.8, "trend": 255.018332, "fair_value": 138.709295, "relative_strength": -24.102495, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.958533, "energy": 27.035853, "activity_lines": [ 265.473331, 262.871817, 251.794047, 250.141505 ] }, { "date": "2024-02-02", "close": 244.149994, "volume": 209496, "typical_volume": 172084.6, "trend": 252.338333, "fair_value": 140.187692, "relative_strength": -26.285429, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 6.143638, "energy": 9.29995, "activity_lines": [ 257.959996, 260.715452, 251.641427, 249.440322 ] }, { "date": "2024-02-09", "close": 239.699997, "volume": 310618, "typical_volume": 184720.1, "trend": 250.513332, "fair_value": 141.638429, "relative_strength": -25.563249, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.698541, "energy": 11.741329, "activity_lines": [ 250.526662, 257.34727, 251.028808, 248.624945 ] }, { "date": "2024-02-16", "close": 244.649994, "volume": 266132, "typical_volume": 194095.75, "trend": 248.738332, "fair_value": 143.116955, "relative_strength": -23.696542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.283485, "energy": 18.004522, "activity_lines": [ 246.479995, 254.513633, 250.914284, 248.246665 ] }, { "date": "2024-02-23", "close": 231.050003, "volume": 98996, "typical_volume": 197174.4, "trend": 246.746666, "fair_value": 144.511186, "relative_strength": -27.594844, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.009787, "energy": 25.903636, "activity_lines": [ 239.629998, 249.464543, 249.512379, 247.105483 ] }, { "date": "2024-03-01", "close": 229.300003, "volume": 65097, "typical_volume": 197553.0, "trend": 245.005, "fair_value": 145.89266, "relative_strength": -28.07096, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.384114, "energy": 30.967403, "activity_lines": [ 235.213333, 244.62818, 247.998094, 245.979892 ] }, { "date": "2024-03-08", "close": 222.75, "volume": 61662, "typical_volume": 195917.4, "trend": 243.451666, "fair_value": 147.232756, "relative_strength": -30.359327, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.892965, "energy": 47.952664, "activity_lines": [ 230.206667, 239.26818, 245.919523, 244.544085 ] }, { "date": "2024-03-15", "close": 191.850006, "volume": 210515, "typical_volume": 203148.1, "trend": 241.465, "fair_value": 148.377949, "relative_strength": -38.105241, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.881795, "energy": 82.224532, "activity_lines": [ 216.326669, 229.105455, 240.927619, 241.214946 ] }, { "date": "2024-03-22", "close": 210.800003, "volume": 145924, "typical_volume": 207428.3, "trend": 240.301667, "fair_value": 149.640769, "relative_strength": -31.142004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.458764, "energy": 75.495614, "activity_lines": [ 211.953337, 223.731819, 237.866428, 239.236559 ] }, { "date": "2024-03-29", "close": 222.399994, "volume": 292890, "typical_volume": 210651.55, "trend": 240.085, "fair_value": 150.976731, "relative_strength": -26.964246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.07729, "energy": 67.49681, "activity_lines": [ 213.703334, 221.554545, 235.939047, 238.081612 ] }, { "date": "2024-04-05", "close": 242.050003, "volume": 549310, "typical_volume": 234534.65, "trend": 239.791667, "fair_value": 152.441154, "relative_strength": -20.152054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.616066, "energy": 35.165029, "activity_lines": [ 222.580001, 223.930001, 236.005238, 238.208387 ] }, { "date": "2024-04-12", "close": 223.050003, "volume": 154333, "typical_volume": 238708.6, "trend": 239.341667, "fair_value": 153.782564, "relative_strength": -25.247503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.312291, "energy": 22.072121, "activity_lines": [ 224.273335, 223.053638, 234.20619, 237.128279 ] }, { "date": "2024-04-19", "close": 221.649994, "volume": 103554, "typical_volume": 239790.7, "trend": 238.553333, "fair_value": 155.118878, "relative_strength": -23.25085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.993357, "energy": 19.149185, "activity_lines": [ 225.479999, 222.306364, 232.268809, 235.986881 ] }, { "date": "2024-04-26", "close": 217.300003, "volume": 62856, "typical_volume": 221452.05, "trend": 237.586666, "fair_value": 156.425577, "relative_strength": -24.408957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.369754, "energy": 20.222695, "activity_lines": [ 223.25, 221.096364, 229.907381, 234.615699 ] }, { "date": "2024-05-03", "close": 215.550003, "volume": 85691, "typical_volume": 194344.75, "trend": 236.69, "fair_value": 157.719647, "relative_strength": -24.055574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.79431, "energy": 31.597405, "activity_lines": [ 220.003335, 220.065455, 227.576905, 233.193978 ] }, { "date": "2024-05-10", "close": 211.350006, "volume": 54931, "typical_volume": 180502.2, "trend": 235.675, "fair_value": 158.975961, "relative_strength": -23.054375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.136797, "energy": 43.068653, "activity_lines": [ 215.813336, 218.552729, 225.059286, 231.55914 ] }, { "date": "2024-05-17", "close": 212.050003, "volume": 111184, "typical_volume": 176973.2, "trend": 235.111667, "fair_value": 160.211891, "relative_strength": -23.342203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.553218, "energy": 47.586552, "activity_lines": [ 213.903337, 217.493638, 222.868572, 230.034947 ] }, { "date": "2024-05-24", "close": 204.100006, "volume": 72685, "typical_volume": 173186.85, "trend": 234.638334, "fair_value": 161.402468, "relative_strength": -26.809074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.200849, "energy": 55.709987, "activity_lines": [ 210.076671, 215.183639, 220.18524, 228.034194 ] }, { "date": "2024-05-31", "close": 199.100006, "volume": 45019, "typical_volume": 162889.4, "trend": 234.045001, "fair_value": 162.553077, "relative_strength": -26.216188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.291991, "energy": 60.98954, "activity_lines": [ 205.753339, 211.741822, 217.319288, 225.741399 ] }, { "date": "2024-06-07", "close": 198.350006, "volume": 123367, "typical_volume": 160313.75, "trend": 232.388334, "fair_value": 163.700962, "relative_strength": -27.904129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.925139, "energy": 55.841513, "activity_lines": [ 202.393339, 208.376368, 214.722384, 223.438496 ] }, { "date": "2024-06-14", "close": 197.619995, "volume": 91357, "typical_volume": 155780.85, "trend": 231.297334, "fair_value": 164.846186, "relative_strength": -27.795856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.015094, "energy": 61.263486, "activity_lines": [ 199.936669, 205.315457, 212.427145, 221.195378 ] }, { "date": "2024-06-21", "close": 199.919998, "volume": 79841, "typical_volume": 149298.1, "trend": 230.561334, "fair_value": 165.98157, "relative_strength": -26.230031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.724813, "energy": 55.897177, "activity_lines": [ 199.162, 203.480547, 210.615621, 219.171033 ] }, { "date": "2024-06-28", "close": 191.809998, "volume": 105727, "typical_volume": 139053.55, "trend": 229.635, "fair_value": 167.065385, "relative_strength": -29.96576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.503769, "energy": 60.467645, "activity_lines": [ 196.492666, 200.591638, 208.242335, 216.670947 ] }, { "date": "2024-07-05", "close": 213.149994, "volume": 642370, "typical_volume": 157865.45, "trend": 228.113334, "fair_value": 168.285577, "relative_strength": -22.122605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.720873, "energy": 37.466066, "activity_lines": [ 201.755997, 202.125272, 208.129477, 215.607398 ] }, { "date": "2024-07-12", "close": 206.660004, "volume": 134467, "typical_volume": 159639.0, "trend": 226.327, "fair_value": 169.431538, "relative_strength": -24.186054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.995271, "energy": 27.359817, "activity_lines": [ 203.919332, 202.554364, 207.548525, 214.223313 ] }, { "date": "2024-07-19", "close": 196.690002, "volume": 98236, "typical_volume": 161295.95, "trend": 224.016667, "fair_value": 170.47516, "relative_strength": -27.036538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.012741, "energy": 30.078596, "activity_lines": [ 202.205333, 201.332364, 206.134192, 212.311248 ] }, { "date": "2024-07-26", "close": 199.169998, "volume": 131287, "typical_volume": 164777.2, "trend": 221.735667, "fair_value": 171.539006, "relative_strength": -26.144242, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.439989, "energy": 23.010098, "activity_lines": [ 201.38, 200.827818, 205.111334, 210.708237 ] }, { "date": "2024-08-02", "close": 196.610001, "volume": 226334, "typical_volume": 165568.15, "trend": 219.431, "fair_value": 172.583878, "relative_strength": -25.898693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.755196, "energy": 33.561678, "activity_lines": [ 199.751334, 200.092, 203.956953, 209.087227 ] }, { "date": "2024-08-09", "close": 201.800003, "volume": 344454, "typical_volume": 175494.65, "trend": 217.137667, "fair_value": 173.668365, "relative_strength": -22.070181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.472244, "energy": 31.163591, "activity_lines": [ 199.532668, 200.436, 203.274191, 207.949743 ] }, { "date": "2024-08-16", "close": 190.089996, "volume": 198439, "typical_volume": 170772.1, "trend": 214.264, "fair_value": 174.691731, "relative_strength": -26.409098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.240168, "energy": 36.918873, "activity_lines": [ 196.167333, 198.601818, 201.519048, 206.204732 ] }, { "date": "2024-08-23", "close": 196.679993, "volume": 268780, "typical_volume": 156745.6, "trend": 212.38, "fair_value": 175.763397, "relative_strength": -24.052661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.439051, "energy": 31.375084, "activity_lines": [ 196.103331, 198.115998, 200.545381, 205.07028 ] }, { "date": "2024-08-30", "close": 193.910004, "volume": 120427, "typical_volume": 155050.3, "trend": 210.705334, "fair_value": 176.821026, "relative_strength": -25.786947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.960599, "energy": 31.370219, "activity_lines": [ 195.116666, 197.143636, 199.523952, 203.878667 ] }, { "date": "2024-09-06", "close": 188.089996, "volume": 89650, "typical_volume": 154355.1, "trend": 208.985001, "fair_value": 177.836955, "relative_strength": -26.205435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.138725, "energy": 43.058822, "activity_lines": [ 192.540665, 195.222362, 198.087, 202.419613 ] }, { "date": "2024-09-13", "close": 185.429993, "volume": 75943, "typical_volume": 155009.45, "trend": 207.011001, "fair_value": 178.83907, "relative_strength": -28.102657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.723519, "energy": 44.344505, "activity_lines": [ 189.645996, 192.885089, 196.556523, 200.899935 ] }, { "date": "2024-09-20", "close": 182.710007, "volume": 129901, "typical_volume": 157219.95, "trend": 205.399667, "fair_value": 179.824231, "relative_strength": -29.634376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.336055, "energy": 53.132529, "activity_lines": [ 186.936, 190.557272, 194.918761, 199.332129 ] }, { "date": "2024-09-27", "close": 179.020004, "volume": 167396, "typical_volume": 162843.2, "trend": 203.723667, "fair_value": 180.787211, "relative_strength": -31.329181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.204314, "energy": 59.615688, "activity_lines": [ 183.488002, 187.994, 193.085952, 197.630215 ] }, { "date": "2024-10-04", "close": 170.520004, "volume": 253359, "typical_volume": 169951.95, "trend": 201.982668, "fair_value": 181.692468, "relative_strength": -30.807568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.07442, "energy": 66.503032, "activity_lines": [ 178.384003, 184.206546, 190.597572, 195.488044 ] }, { "date": "2024-10-11", "close": 175.929993, "volume": 197457, "typical_volume": 176190.55, "trend": 201.452, "fair_value": 182.629711, "relative_strength": -27.735547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.79047, "energy": 57.034369, "activity_lines": [ 176.642667, 181.923636, 188.82219, 193.807226 ] }, { "date": "2024-10-18", "close": 169.149994, "volume": 81271, "typical_volume": 178003.15, "trend": 200.063667, "fair_value": 183.533974, "relative_strength": -29.530147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.938877, "energy": 61.325803, "activity_lines": [ 173.451998, 178.783999, 186.535237, 191.723225 ] }, { "date": "2024-10-25", "close": 159.929993, "volume": 72361, "typical_volume": 175452.85, "trend": 197.981333, "fair_value": 184.385929, "relative_strength": -30.848784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.330888, "energy": 69.618584, "activity_lines": [ 168.273329, 174.561634, 183.512808, 189.133956 ] }, { "date": "2024-11-01", "close": 167.600006, "volume": 50002, "typical_volume": 173385.1, "trend": 195.499667, "fair_value": 185.280449, "relative_strength": -27.259733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.800104, "energy": 53.437996, "activity_lines": [ 167.169998, 172.282181, 181.403809, 187.17387 ] }, { "date": "2024-11-08", "close": 160.839996, "volume": 52002, "typical_volume": 171993.15, "trend": 193.426, "fair_value": 186.131602, "relative_strength": -28.860702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.42991, "energy": 62.514162, "activity_lines": [ 164.574664, 169.302362, 178.793951, 184.937763 ] }, { "date": "2024-11-15", "close": 150.529999, "volume": 58521, "typical_volume": 169632.85, "trend": 191.055333, "fair_value": 186.913846, "relative_strength": -30.930722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.993751, "energy": 65.729006, "activity_lines": [ 159.187998, 165.049271, 175.388284, 182.170279 ] }, { "date": "2024-11-22", "close": 139.600006, "volume": 55119, "typical_volume": 140270.3, "trend": 188.465334, "fair_value": 187.635641, "relative_strength": -36.237593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.231521, "energy": 72.252567, "activity_lines": [ 151.851335, 159.491818, 171.138238, 178.85058 ] }, { "date": "2024-11-29", "close": 171.309998, "volume": 374250, "typical_volume": 152259.45, "trend": 186.990667, "fair_value": 188.553493, "relative_strength": -21.866933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.58465, "energy": 45.786546, "activity_lines": [ 157.054667, 160.53309, 170.258428, 177.743784 ] }, { "date": "2024-12-06", "close": 165.770004, "volume": 188819, "typical_volume": 156788.6, "trend": 185.471333, "fair_value": 189.414135, "relative_strength": -25.177924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.503971, "energy": 39.233704, "activity_lines": [ 159.652668, 160.774364, 169.019333, 176.374709 ] }, { "date": "2024-12-13", "close": 159.770004, "volume": 66435, "typical_volume": 153546.0, "trend": 183.728667, "fair_value": 190.240096, "relative_strength": -27.264862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.348014, "energy": 30.319136, "activity_lines": [ 160.372669, 160.165637, 167.356048, 174.716559 ] }, { "date": "2024-12-20", "close": 150.300003, "volume": 64697, "typical_volume": 145464.15, "trend": 181.935333, "fair_value": 190.996763, "relative_strength": -27.18965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.120054, "energy": 31.266618, "activity_lines": [ 158.007336, 158.030547, 164.978477, 172.559871 ] }, { "date": "2024-12-27", "close": 145.679993, "volume": 40149, "typical_volume": 130248.9, "trend": 180.154666, "fair_value": 191.72484, "relative_strength": -29.132262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.629804, "energy": 39.78197, "activity_lines": [ 154.117333, 155.521455, 162.381428, 170.220817 ] }, { "date": "2025-01-03", "close": 151.850006, "volume": 43330, "typical_volume": 122493.45, "trend": 178.604666, "fair_value": 192.495577, "relative_strength": -25.741165, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.374166, "energy": 45.920403, "activity_lines": [ 151.878668, 154.560911, 160.639239, 168.39471 ] }, { "date": "2025-01-10", "close": 141.449997, "volume": 41321, "typical_volume": 111120.5, "trend": 176.732333, "fair_value": 193.199711, "relative_strength": -28.108639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.993797, "energy": 64.485131, "activity_lines": [ 147.470667, 151.856364, 158.088667, 165.997634 ] }, { "date": "2025-01-17", "close": 140.399994, "volume": 58506, "typical_volume": 108024.45, "trend": 174.748333, "fair_value": 193.907211, "relative_strength": -26.812577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.615586, "energy": 65.893568, "activity_lines": [ 144.333998, 149.436363, 155.701095, 163.653612 ] }, { "date": "2025-01-24", "close": 142.210007, "volume": 124005, "typical_volume": 109742.2, "trend": 173.095, "fair_value": 194.625705, "relative_strength": -24.511933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.296202, "energy": 59.069762, "activity_lines": [ 143.092, 147.717092, 153.740715, 161.554366 ] }, { "date": "2025-01-31", "close": 152.080002, "volume": 741191, "typical_volume": 143004.6, "trend": 171.059333, "fair_value": 195.363365, "relative_strength": -19.813022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.294952, "energy": 39.598787, "activity_lines": [ 145.679335, 147.943637, 152.93881, 160.198559 ] }, { "date": "2025-02-07", "close": 159.119995, "volume": 472118, "typical_volume": 160115.45, "trend": 169.474666, "fair_value": 196.153013, "relative_strength": -15.427765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.750027, "energy": 24.09477, "activity_lines": [ 150.186666, 149.223272, 152.96619, 159.428279 ] }, { "date": "2025-02-14", "close": 141.740005, "volume": 157679, "typical_volume": 159629.6, "trend": 167.643, "fair_value": 196.839231, "relative_strength": -21.665267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.542158, "energy": 25.746325, "activity_lines": [ 148.416001, 147.564546, 151.450667, 157.638946 ] }, { "date": "2025-02-21", "close": 144.029999, "volume": 67457, "typical_volume": 150334.5, "trend": 165.805, "fair_value": 197.557051, "relative_strength": -19.129264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.699636, "energy": 22.74526, "activity_lines": [ 147.389334, 146.759091, 150.330762, 156.115527 ] }, { "date": "2025-02-28", "close": 133.929993, "volume": 66498, "typical_volume": 143786.55, "trend": 163.715666, "fair_value": 198.195865, "relative_strength": -21.707353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.97568, "energy": 37.593949, "activity_lines": [ 142.753998, 144.403454, 148.375095, 154.059075 ] }, { "date": "2025-03-07", "close": 136.539993, "volume": 80481, "typical_volume": 143747.05, "trend": 161.540333, "fair_value": 198.846538, "relative_strength": -20.938899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.466706, "energy": 50.702877, "activity_lines": [ 139.540663, 142.819998, 146.867999, 152.305806 ] }, { "date": "2025-03-14", "close": 128.5, "volume": 57572, "typical_volume": 143007.6, "trend": 159.487333, "fair_value": 199.377692, "relative_strength": -24.514649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.019169, "energy": 59.98541, "activity_lines": [ 134.68333, 139.940907, 144.750475, 150.174171 ] }, { "date": "2025-03-21", "close": 125.940002, "volume": 159758, "typical_volume": 148495.4, "trend": 157.129333, "fair_value": 199.927404, "relative_strength": -28.286172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.85753, "energy": 66.805472, "activity_lines": [ 131.013998, 137.020908, 142.538809, 148.009827 ] }, { "date": "2025-03-28", "close": 120.860001, "volume": 221412, "typical_volume": 156965.9, "trend": 154.694333, "fair_value": 200.449455, "relative_strength": -30.820206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.526151, "energy": 67.38471, "activity_lines": [ 126.704666, 133.459272, 140.041714, 145.669871 ] }, { "date": "2025-04-04", "close": 123.75, "volume": 42668, "typical_volume": 156173.25, "trend": 152.549666, "fair_value": 200.984519, "relative_strength": -26.243077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.269598, "energy": 64.916646, "activity_lines": [ 124.903334, 130.778363, 138.010238, 143.673462 ] }, { "date": "2025-04-11", "close": 117.779999, "volume": 60680, "typical_volume": 156451.3, "trend": 150.294667, "fair_value": 201.46516, "relative_strength": -28.679378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.338646, "energy": 65.989524, "activity_lines": [ 121.790667, 127.347635, 135.537714, 141.430258 ] }, { "date": "2025-04-18", "close": 131.949997, "volume": 69140, "typical_volume": 141195.8, "trend": 148.602666, "fair_value": 202.024711, "relative_strength": -22.605246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.769104, "energy": 43.715543, "activity_lines": [ 124.651999, 127.116908, 134.518618, 140.246731 ] }, { "date": "2025-04-25", "close": 136.229996, "volume": 958373, "typical_volume": 179673.5, "trend": 147.176333, "fair_value": 202.619551, "relative_strength": -19.850737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.541268, "energy": 27.989467, "activity_lines": [ 128.709998, 128.158362, 134.09457, 139.448494 ] }, { "date": "2025-05-02", "close": 131.0, "volume": 97249, "typical_volume": 181214.2, "trend": 145.858999, "fair_value": 203.196923, "relative_strength": -23.019282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.44244, "energy": 22.758736, "activity_lines": [ 130.338665, 128.34909, 133.313094, 138.404859 ] }, { "date": "2025-05-09", "close": 126.379997, "volume": 93632, "typical_volume": 182660.95, "trend": 144.207333, "fair_value": 203.749583, "relative_strength": -23.780793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.902517, "energy": 19.949852, "activity_lines": [ 129.751331, 127.936726, 132.228618, 137.14815 ] }, { "date": "2025-05-16", "close": 148.889999, "volume": 139958, "typical_volume": 187651.4, "trend": 143.531999, "fair_value": 204.446634, "relative_strength": -12.991431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.441459, "energy": 13.227353, "activity_lines": [ 136.491998, 131.754362, 133.401856, 137.450257 ] }, { "date": "2025-05-23", "close": 137.630005, "volume": 176852, "typical_volume": 194327.5, "trend": 142.788667, "fair_value": 205.066058, "relative_strength": -18.2617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.607483, "energy": 15.763823, "activity_lines": [ 137.405334, 133.300181, 133.487428, 137.069483 ] }, { "date": "2025-05-30", "close": 136.029999, "volume": 229947, "typical_volume": 203758.8, "trend": 141.736333, "fair_value": 205.659295, "relative_strength": -18.100887, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.769578, "energy": 12.79898, "activity_lines": [ 137.406667, 134.38909, 133.488333, 136.63344 ] }, { "date": "2025-06-06", "close": 137.089996, "volume": 328505, "typical_volume": 217258.75, "trend": 140.944666, "fair_value": 206.286731, "relative_strength": -17.579234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.507769, "energy": 14.699958, "activity_lines": [ 137.774666, 135.487272, 133.615999, 136.333677 ] }, { "date": "2025-06-13", "close": 137.160004, "volume": 623421, "typical_volume": 242229.55, "trend": 140.499, "fair_value": 206.918237, "relative_strength": -15.889674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.617891, "energy": 9.682024, "activity_lines": [ 137.760001, 136.303091, 133.766095, 136.089505 ] }, { "date": "2025-06-20", "close": 136.800003, "volume": 466355, "typical_volume": 228487.75, "trend": 140.405666, "fair_value": 207.538077, "relative_strength": -16.68293, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.211423, "energy": 7.375622, "activity_lines": [ 136.906668, 136.809637, 133.905952, 135.85086 ] }, { "date": "2025-06-27", "close": 143.610001, "volume": 315407, "typical_volume": 220652.2, "trend": 139.482333, "fair_value": 208.207243, "relative_strength": -13.722025, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.128397, "energy": 8.431179, "activity_lines": [ 139.129335, 138.208546, 134.767143, 136.057591 ] }, { "date": "2025-07-04", "close": 141.759995, "volume": 237155, "typical_volume": 224626.0, "trend": 138.682, "fair_value": 208.862756, "relative_strength": -13.422659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.862272, "energy": 13.273584, "activity_lines": [ 140.336666, 139.059091, 135.525999, 136.204537 ] }, { "date": "2025-07-11", "close": 137.690002, "volume": 87742, "typical_volume": 225640.25, "trend": 137.945999, "fair_value": 209.482308, "relative_strength": -14.107802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.772259, "energy": 9.3128, "activity_lines": [ 139.805334, 139.069091, 135.897143, 136.140537 ] }, { "date": "2025-07-18", "close": 137.949997, "volume": 77482, "typical_volume": 226189.45, "trend": 137.534333, "fair_value": 210.097884, "relative_strength": -12.663322, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.622236, "energy": 13.681686, "activity_lines": [ 139.320666, 139.004727, 136.323238, 136.140795 ] }, { "date": "2025-07-25", "close": 135.929993, "volume": 69983, "typical_volume": 225664.55, "trend": 137.209333, "fair_value": 210.715737, "relative_strength": -12.811862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.369094, "energy": 3.865284, "activity_lines": [ 138.109997, 138.362726, 136.537808, 136.037289 ] }, { "date": "2025-08-01", "close": 135.429993, "volume": 104406, "typical_volume": 228006.25, "trend": 136.661999, "fair_value": 211.311955, "relative_strength": -11.510164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.6678, "energy": 4.289017, "activity_lines": [ 136.790662, 137.865452, 136.707665, 135.922493 ] }, { "date": "2025-08-08", "close": 132.080002, "volume": 54216, "typical_volume": 222729.15, "trend": 136.349666, "fair_value": 211.878846, "relative_strength": -12.20824, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.591049, "energy": 10.467198, "activity_lines": [ 134.899997, 136.799089, 136.525475, 135.626881 ] }, { "date": "2025-08-15", "close": 128.770004, "volume": 23972, "typical_volume": 212857.15, "trend": 135.961999, "fair_value": 212.414743, "relative_strength": -14.670542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.372428, "energy": 28.619255, "activity_lines": [ 132.551333, 135.202726, 135.998809, 135.13787 ] }, { "date": "2025-08-22", "close": 138.729996, "volume": 60876, "typical_volume": 213767.55, "trend": 135.845999, "fair_value": 213.01657, "relative_strength": -8.278101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.872719, "energy": 13.900997, "activity_lines": [ 134.117332, 135.568544, 136.383046, 135.316451 ] }, { "date": "2025-08-29", "close": 144.25, "volume": 170433, "typical_volume": 219255.2, "trend": 135.584999, "fair_value": 213.602756, "relative_strength": -2.348741, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.264591, "energy": 16.08119, "activity_lines": [ 137.471333, 136.909453, 137.221666, 135.858644 ] }, { "date": "2025-09-05", "close": 139.050003, "volume": 63081, "typical_volume": 218952.25, "trend": 134.915999, "fair_value": 214.109743, "relative_strength": -6.484828, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.373282, "energy": 21.284401, "activity_lines": [ 138.537334, 137.169454, 137.438999, 136.082193 ] }, { "date": "2025-09-12", "close": 136.059998, "volume": 66873, "typical_volume": 174377.25, "trend": 134.726666, "fair_value": 214.520769, "relative_strength": -9.304731, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.135062, "energy": 20.881744, "activity_lines": [ 138.365333, 136.968727, 137.337761, 136.155999 ] }, { "date": "2025-09-19", "close": 130.130005, "volume": 74987, "typical_volume": 173264.15, "trend": 134.263332, "fair_value": 214.782179, "relative_strength": -13.444907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 13.430311, "energy": 7.95398, "activity_lines": [ 135.951335, 135.793455, 136.672571, 135.85944 ] }, { "date": "2025-09-26", "close": 131.5, "volume": 55932, "typical_volume": 171379.15, "trend": 134.182333, "fair_value": 214.89532, "relative_strength": -9.708264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.175125, "energy": 15.752483, "activity_lines": [ 133.903335, 135.004728, 136.142, 135.681161 ] }, { "date": "2025-10-03", "close": 127.190002, "volume": 33994, "typical_volume": 166080.95, "trend": 133.870666, "fair_value": 214.984679, "relative_strength": -13.024503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -32.399331, "energy": 35.881525, "activity_lines": [ 130.900668, 133.549637, 135.176571, 135.230043 ] }, { "date": "2025-10-10", "close": 123.169998, "volume": 48578, "typical_volume": 159667.25, "trend": 133.693, "fair_value": 215.084807, "relative_strength": -16.481271, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -41.650792, "energy": 53.240466, "activity_lines": [ 127.695334, 131.522546, 133.931619, 134.539677 ] }, { "date": "2025-10-17", "close": 121.690002, "volume": 36290, "typical_volume": 149984.4, "trend": 133.551333, "fair_value": 215.158782, "relative_strength": -18.28887, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.667111, "energy": 59.663654, "activity_lines": [ 125.055334, 129.449274, 132.614571, 133.76529 ] }, { "date": "2025-10-24", "close": 125.57, "volume": 19808, "typical_volume": 134549.55, "trend": 133.708333, "fair_value": 215.276859, "relative_strength": -15.472439, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.465381, "energy": 64.456496, "activity_lines": [ 124.666667, 128.270364, 131.735333, 133.250365 ] }, { "date": "2025-10-31", "close": 122.25, "volume": 33656, "typical_volume": 105061.3, "trend": 133.658333, "fair_value": 215.379102, "relative_strength": -16.878729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.694694, "energy": 65.498919, "activity_lines": [ 123.475334, 126.546001, 130.594762, 132.511118 ] }, { "date": "2025-11-07", "close": 119.32, "volume": 31106, "typical_volume": 83298.85, "trend": 133.709666, "fair_value": 215.330513, "relative_strength": -17.590821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.84596, "energy": 63.619151, "activity_lines": [ 121.924, 124.588546, 129.246143, 131.586064 ] }, { "date": "2025-11-14", "close": 117.160004, "volume": 69812, "typical_volume": 71019.1, "trend": 133.216666, "fair_value": 215.22032, "relative_strength": -19.878672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.831769, "energy": 59.517522, "activity_lines": [ 120.177335, 122.691637, 127.775048, 130.518344 ] }, { "date": "2025-11-21", "close": 111.239998, "volume": 52374, "typical_volume": 61780.05, "trend": 132.383667, "fair_value": 215.026987, "relative_strength": -23.981325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.130319, "energy": 75.546452, "activity_lines": [ 116.858, 120.116364, 125.866096, 129.100495 ] }, { "date": "2025-11-28", "close": 105.080002, "volume": 88269, "typical_volume": 61806.4, "trend": 131.519667, "fair_value": 214.805384, "relative_strength": -27.796266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.248774, "energy": 85.854556, "activity_lines": [ 112.182001, 116.872364, 123.51581, 127.338968 ] }, { "date": "2025-12-05", "close": 101.970001, "volume": 77496, "typical_volume": 61807.1, "trend": 130.706, "fair_value": 214.459359, "relative_strength": -29.196934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.760864, "energy": 91.958919, "activity_lines": [ 107.835334, 113.518364, 121.02462, 125.432538 ] }, { "date": "2025-12-12", "close": 98.370003, "volume": 102750, "typical_volume": 63445.45, "trend": 129.022, "fair_value": 213.835769, "relative_strength": -30.682679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.94198, "energy": 92.831809, "activity_lines": [ 103.640668, 110.046728, 118.361906, 123.346345 ] }, { "date": "2025-12-19", "close": 100.57, "volume": 42534, "typical_volume": 60351.85, "trend": 127.786667, "fair_value": 213.252243, "relative_strength": -28.279999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.204598, "energy": 88.463293, "activity_lines": [ 101.576001, 107.499092, 116.087572, 121.510732 ] }, { "date": "2025-12-26", "close": 110.580002, "volume": 1210800, "typical_volume": 118181.05, "trend": 126.938333, "fair_value": 212.503077, "relative_strength": -20.843838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.97684, "energy": 64.138421, "activity_lines": [ 103.954002, 107.182365, 114.932572, 120.400624 ] }, { "date": "2026-01-02", "close": 107.07, "volume": 170852, "typical_volume": 125525.05, "trend": 125.937667, "fair_value": 211.364744, "relative_strength": -23.570683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.467464, "energy": 53.454913, "activity_lines": [ 105.206001, 106.429456, 113.545668, 119.118796 ] }, { "date": "2026-01-09", "close": 99.769997, "volume": 68965, "typical_volume": 125929.5, "trend": 124.691333, "fair_value": 209.676731, "relative_strength": -26.420046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.656833, "energy": 52.631658, "activity_lines": [ 103.892, 104.685637, 111.566858, 117.43056 ] }, { "date": "2026-01-16", "close": 98.139999, "volume": 45674, "typical_volume": 119691.55, "trend": 123.402667, "fair_value": 207.684679, "relative_strength": -27.06044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.730989, "energy": 51.029498, "activity_lines": [ 102.181332, 103.054182, 109.618334, 115.71757 ] }, { "date": "2026-01-23", "close": 93.010002, "volume": 63907, "typical_volume": 119732.85, "trend": 121.716, "fair_value": 205.095641, "relative_strength": -28.448705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.631252, "energy": 58.779594, "activity_lines": [ 98.776, 100.875091, 107.40081, 113.756753 ] }, { "date": "2026-01-30", "close": 89.110001, "volume": 75402, "typical_volume": 120159.3, "trend": 119.961, "fair_value": 201.602756, "relative_strength": -31.435805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.740843, "energy": 73.667287, "activity_lines": [ 94.574667, 98.426, 105.031096, 111.65314 ] }, { "date": "2026-02-06", "close": 91.699997, "volume": 69726, "typical_volume": 119896.25, "trend": 118.428, "fair_value": 198.714615, "relative_strength": -29.627677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.993346, "energy": 71.894614, "activity_lines": [ 92.667999, 96.850182, 103.131619, 109.82985 ] }, { "date": "2026-02-13", "close": 91.099998, "volume": 68406, "typical_volume": 120519.95, "trend": 116.866333, "fair_value": 196.608526, "relative_strength": -28.773575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.990801, "energy": 70.836449, "activity_lines": [ 91.585999, 95.408545, 101.358, 108.066753 ] }, { "date": "2026-02-20", "close": 92.160004, "volume": 53776, "typical_volume": 121509.05, "trend": 115.407334, "fair_value": 194.980385, "relative_strength": -27.473128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.440488, "energy": 58.927694, "activity_lines": [ 91.435334, 94.357273, 99.877715, 106.472796 ] }, { "date": "2026-02-27", "close": 89.779999, "volume": 56266, "typical_volume": 121893.45, "trend": 113.885667, "fair_value": 193.83859, "relative_strength": -27.546914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.316625, "energy": 54.14262, "activity_lines": [ 90.89, 92.986182, 98.337572, 104.81942 ] }, { "date": "2026-03-06", "close": 84.790001, "volume": 53381, "typical_volume": 122748.0, "trend": 112.309334, "fair_value": 192.982756, "relative_strength": -28.816518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.776274, "energy": 56.2609, "activity_lines": [ 88.896667, 90.904, 96.481191, 102.94228 ] }, { "date": "2026-03-13", "close": 82.050003, "volume": 47311, "typical_volume": 124123.15, "trend": 110.752, "fair_value": 191.723462, "relative_strength": -26.615432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.39453, "energy": 59.470216, "activity_lines": [ 86.278001, 88.792546, 94.539572, 100.990065 ] }, { "date": "2026-03-20", "close": 78.43, "volume": 57798, "typical_volume": 125330.25, "trend": 108.742001, "fair_value": 189.948333, "relative_strength": -29.177925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.925549, "energy": 70.496942, "activity_lines": [ 83.096001, 86.477819, 92.460429, 98.904775 ] }, { "date": "2026-03-27", "close": 67.370003, "volume": 98396, "typical_volume": 128694.75, "trend": 106.179334, "fair_value": 188.023141, "relative_strength": -37.833304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.763143, "energy": 92.848137, "activity_lines": [ 77.072002, 82.540183, 89.53662, 96.235614 ] }, { "date": "2026-04-03", "close": 87.400002, "volume": 1391354, "typical_volume": 194771.85, "trend": 104.457667, "fair_value": 186.349744, "relative_strength": -18.458741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.654525, "energy": 59.219191, "activity_lines": [ 79.377335, 82.80382, 88.76781, 95.024044 ] }, { "date": "2026-04-10", "close": 98.480003, "volume": 5560986, "typical_volume": 470202.45, "trend": 103.205001, "fair_value": 184.574295, "relative_strength": -12.852929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.694702, "energy": 30.208872, "activity_lines": [ 85.534669, 85.184002, 89.195953, 94.638388 ] }, { "date": "2026-04-17", "close": 100.330002, "volume": 158550, "typical_volume": 473716.5, "trend": 102.211667, "fair_value": 182.852692, "relative_strength": -11.810478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.981462, "energy": 13.615374, "activity_lines": [ 91.396002, 87.730184, 89.861049, 94.452904 ] }, { "date": "2026-04-24", "close": 102.110001, "volume": 135474, "typical_volume": 476615.4, "trend": 101.232001, "fair_value": 181.071667, "relative_strength": -8.006761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.858713, "energy": 22.015669, "activity_lines": [ 96.632002, 90.443093, 90.718287, 94.446345 ] }, { "date": "2026-05-01", "close": 98.449997, "volume": 62099, "typical_volume": 474582.85, "trend": 100.274001, "fair_value": 179.42391, "relative_strength": -11.202366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.80294, "energy": 23.809678, "activity_lines": [ 99.069334, 92.290365, 91.226287, 94.266861 ] }, { "date": "2026-05-08", "close": 98.419998, "volume": 71252, "typical_volume": 476018.75, "trend": 99.449001, "fair_value": 177.866987, "relative_strength": -11.445419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.232524, "energy": 21.105539, "activity_lines": [ 99.424666, 94.017819, 91.731048, 94.147248 ] }, { "date": "2026-05-15", "close": 97.120003, "volume": 74041, "typical_volume": 419180.8, "trend": 98.630001, "fair_value": 176.531218, "relative_strength": -9.952145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.228518, "energy": 16.445212, "activity_lines": [ 98.612, 95.351819, 92.122239, 93.99699 ] }, { "date": "2026-05-22", "close": 97.019997, "volume": 31011, "typical_volume": 412188.75, "trend": 97.678334, "fair_value": 175.076859, "relative_strength": -9.781849, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.128605, "energy": 13.486229, "activity_lines": [ 97.856666, 96.443455, 92.568, 93.893119 ] }, { "date": "2026-05-29", "close": 95.800003, "volume": 21138, "typical_volume": 409797.4, "trend": 96.796667, "fair_value": 173.588718, "relative_strength": -9.720616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.050061, "energy": 6.025289, "activity_lines": [ 96.915334, 97.041091, 92.945429, 93.771936 ] }, { "date": "2026-06-05", "close": 96.599998, "volume": 2341, "typical_volume": 407630.75, "trend": 96.039334, "fair_value": 172.180064, "relative_strength": -7.730258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.896311, "energy": 5.647835, "activity_lines": [ 96.661333, 97.468364, 93.417953, 93.759248 ] }, { "date": "2026-06-12", "close": 93.739998, "volume": 4639, "typical_volume": 404667.35, "trend": 95.258667, "fair_value": 170.829679, "relative_strength": -10.828146, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.982848, "energy": 4.266074, "activity_lines": [ 95.577333, 96.844181, 93.625429, 93.610904 ] }, { "date": "2026-06-19", "close": 90.07, "volume": 11083, "typical_volume": 401451.4, "trend": 94.553, "fair_value": 169.566987, "relative_strength": -15.088993, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.107868, "energy": 8.021444, "activity_lines": [ 93.581999, 95.437454, 93.479905, 93.276151 ] }, { "date": "2026-06-26", "close": 91.400002, "volume": 0, "typical_volume": 397965.1, "trend": 94.097, "fair_value": 168.371154, "relative_strength": -13.308745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.565537, "energy": 9.748517, "activity_lines": [ 92.5, 94.425454, 93.456477, 93.072732 ] }, { "date": "2026-07-03", "close": 90.489998, "volume": 4162, "typical_volume": 394752.9, "trend": 93.714334, "fair_value": 166.870769, "relative_strength": -14.239466, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.811248, "energy": 22.01662, "activity_lines": [ 91.489333, 93.410363, 93.34781, 92.840022 ] }, { "date": "2026-07-10", "close": 87.360001, "volume": 22911, "typical_volume": 393209.65, "trend": 93.347334, "fair_value": 165.543269, "relative_strength": -16.296273, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.008138, "energy": 47.461977, "activity_lines": [ 89.789333, 92.037454, 92.943953, 92.430065 ] }, { "date": "2026-07-17", "close": 89.0, "volume": 19267, "typical_volume": 391359.7, "trend": 92.961667, "fair_value": 164.204167, "relative_strength": -14.458796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.768496, "energy": 49.967184, "activity_lines": [ 89.252, 91.164364, 92.719143, 92.149592 ] }, { "date": "2026-07-24", "close": 87.0, "volume": 18496, "typical_volume": 389615.45, "trend": 92.175667, "fair_value": 162.897756, "relative_strength": -13.683121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -38.108294, "energy": 50.326916, "activity_lines": [ 88.364, 90.098909, 92.307571, 91.764968 ] }, { "date": "2026-07-31", "close": 85.0, "volume": 20902, "typical_volume": 388295.0, "trend": 91.44, "fair_value": 161.637821, "relative_strength": -17.035777, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.248708, "energy": 57.713788, "activity_lines": [ 87.014, 88.853818, 91.695, 91.302022 ] }, { "date": "2026-08-07", "close": 91.0, "volume": 39119, "typical_volume": 387361.05, "trend": 91.147667, "fair_value": 160.494551, "relative_strength": -11.157214, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.55962, "energy": 30.599196, "activity_lines": [ 88.090667, 88.918182, 91.639809, 91.273635 ] } ], "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." } } }