{ "ticker": { "uuid": "614b1a3c-9cfe-476f-8f11-5ca2e8dba2d7", "symbol": "ISBIR", "name": "Isbir Holding A.S.", "exchange": "IST", "country": "TR", "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": "2026-08-21", "benchmark": "XU100.IS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.244, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -24.101, "architecture_energy": 15.787, "architecture_maturity": 57.92, "architecture_confidence": 73.78, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 44.41, "rotation_up": 34.19, "upward_expansion": 22.37, "deceleration": 40.63, "rotation_down": 24.53, "downward_expansion": 56.37 }, "activity_lines": [ 73.006666, 71.608076, 73.011825, 73.882306 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 75.0, "trend_reference": 75.335797, "distance_from_trend": -0.004457, "trend_direction": "Weakening", "fair_value": 102.607185, "distance_from_fair_value": -0.269057, "fair_value_direction": "Weakening", "relative_strength": -25.649893, "relative_strength_direction": "Improving", "price_momentum": -0.038462, "excess_performance": -0.080136, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004457, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.07449, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.269057, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.033297, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.256499, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029927, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.038462, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.369521, "read": "Demand-led" } ], "volume": { "latest": 143076, "relative_activity": 1.367303, "balance": 1.369521, "dry_up": 1.185577, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.061133, "annualized_volatility": 0.352402, "from_high_reference": -0.431387, "from_low_reference": 0.181102 }, "levels": { "trend_reference": 75.335797, "fair_value_reference": 102.607185, "structural_low": 63.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": -0.017868, "positive_rate": 0.466667, "directional_follow_through": 0.533333, "median_excess_return": -0.021427, "regime_survival": 0.766667, "best_return": 0.33, "worst_return": -0.25, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.040816, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.110307, "regime_survival": 0.636364, "best_return": 0.448405, "worst_return": -0.474682, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.009746, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.224394, "regime_survival": 0.5, "best_return": 2.069162, "worst_return": -0.418161, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.054861, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.093103, "regime_survival": 0.0, "best_return": 1.68511, "worst_return": -0.325329, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-12", "end": "2024-04-26", "tenure": "New", "return": 0.035659, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2024-05-03", "end": "2024-05-24", "tenure": "New", "return": -0.139394, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-06-07", "tenure": "New", "return": -0.029905, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-26", "tenure": "Developing", "return": -0.120485, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": -0.068644, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-11-29", "tenure": "Established", "return": 0.012138, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-02-14", "tenure": "Developing", "return": -0.058962, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-07-11", "tenure": "Established", "return": -0.010417, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": 0.112, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-14", "tenure": "Established", "return": -0.211169, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2026-01-02", "tenure": "Developing", "return": -0.078947, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-05-01", "tenure": "Established", "return": -0.036667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": -0.119525, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-21", "tenure": "Developing", "return": 0.071872, "active": true } ], "chart_path": [ { "date": "2023-09-01", "close": 103.895592, "volume": 187274, "typical_volume": 116018.5, "trend": 74.885766, "fair_value": 73.38488, "relative_strength": -12.271939, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.988682, "energy": 83.961306, "activity_lines": [ 89.367265, 85.505465, 80.757483, 77.642887 ] }, { "date": "2023-09-08", "close": 113.242256, "volume": 283622, "typical_volume": 127916.2, "trend": 76.336631, "fair_value": 73.930228, "relative_strength": -7.388397, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.079051, "energy": 95.66332, "activity_lines": [ 98.654899, 91.042806, 84.274052, 80.117499 ] }, { "date": "2023-09-15", "close": 95.434395, "volume": 180208, "typical_volume": 133514.1, "trend": 76.973505, "fair_value": 74.328087, "relative_strength": -18.08604, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.768884, "energy": 85.448281, "activity_lines": [ 99.83553, 92.644708, 85.861208, 81.349613 ] }, { "date": "2023-09-22", "close": 118.063171, "volume": 222829, "typical_volume": 141261.6, "trend": 78.356569, "fair_value": 74.740537, "relative_strength": 0.415935, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.326926, "energy": 94.30299, "activity_lines": [ 107.224316, 98.015688, 89.43379, 84.000559 ] }, { "date": "2023-09-29", "close": 136.7565, "volume": 171302, "typical_volume": 139028.35, "trend": 80.343297, "fair_value": 75.250834, "relative_strength": 12.007483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.967514, "energy": 96.219709, "activity_lines": [ 118.181232, 106.115535, 94.51238, 87.768297 ] }, { "date": "2023-10-06", "close": 142.561279, "volume": 172361, "typical_volume": 144337.1, "trend": 82.554309, "fair_value": 75.830554, "relative_strength": 14.461047, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.717538, "energy": 89.598421, "activity_lines": [ 127.87553, 114.344181, 99.835061, 91.78236 ] }, { "date": "2023-10-13", "close": 121.801842, "volume": 138166, "typical_volume": 146881.4, "trend": 84.275908, "fair_value": 76.257899, "relative_strength": 1.78258, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.409721, "energy": 76.806851, "activity_lines": [ 128.072304, 117.708982, 102.838879, 94.314459 ] }, { "date": "2023-10-20", "close": 110.192291, "volume": 149316, "typical_volume": 148039.3, "trend": 85.518151, "fair_value": 76.603735, "relative_strength": -0.638802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.88259, "energy": 61.488077, "activity_lines": [ 123.828589, 118.215222, 104.48497, 95.986484 ] }, { "date": "2023-10-27", "close": 170.994827, "volume": 318033, "typical_volume": 159356.55, "trend": 88.94758, "fair_value": 77.373752, "relative_strength": 49.102623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.492085, "energy": 70.99471, "activity_lines": [ 138.868526, 129.144115, 111.774199, 101.501108 ] }, { "date": "2023-11-03", "close": 185.555954, "volume": 265940, "typical_volume": 168506.4, "trend": 92.896411, "fair_value": 78.229864, "relative_strength": 60.548246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.418551, "energy": 73.418394, "activity_lines": [ 155.233394, 141.031825, 120.010745, 107.733906 ] }, { "date": "2023-11-10", "close": 179.160873, "volume": 353559, "typical_volume": 183298.0, "trend": 96.670967, "fair_value": 79.044981, "relative_strength": 52.509463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.391265, "energy": 70.735749, "activity_lines": [ 166.213272, 149.997472, 127.096645, 113.299355 ] }, { "date": "2023-11-17", "close": 154.269211, "volume": 341463, "typical_volume": 199383.95, "trend": 99.67252, "fair_value": 79.655268, "relative_strength": 29.692571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.447799, "energy": 68.401683, "activity_lines": [ 166.455957, 153.068904, 131.304988, 117.015371 ] }, { "date": "2023-11-24", "close": 142.561279, "volume": 202869, "typical_volume": 203688.7, "trend": 102.43128, "fair_value": 80.19472, "relative_strength": 18.473416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.535869, "energy": 56.905847, "activity_lines": [ 160.631506, 153.265675, 134.020206, 119.782388 ] }, { "date": "2023-12-01", "close": 119.243805, "volume": 298600, "typical_volume": 213208.05, "trend": 104.3908, "fair_value": 80.590727, "relative_strength": -1.137137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.10821, "energy": 31.575571, "activity_lines": [ 144.876632, 148.366054, 134.199878, 120.867067 ] }, { "date": "2023-12-08", "close": 117.079315, "volume": 240419, "typical_volume": 217110.0, "trend": 105.896106, "fair_value": 80.978898, "relative_strength": -0.865609, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.312747, "energy": 24.19228, "activity_lines": [ 131.850328, 143.051423, 133.992331, 121.685681 ] }, { "date": "2023-12-15", "close": 108.027802, "volume": 170060, "typical_volume": 219577.95, "trend": 107.137409, "fair_value": 81.333203, "relative_strength": -8.755007, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.37414, "energy": 23.048539, "activity_lines": [ 120.371964, 136.448829, 132.77375, 121.823209 ] }, { "date": "2023-12-22", "close": 96.418251, "volume": 124230, "typical_volume": 218941.4, "trend": 108.055678, "fair_value": 81.619127, "relative_strength": -13.395857, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.413547, "energy": 31.971226, "activity_lines": [ 109.765953, 128.363289, 130.328624, 121.131651 ] }, { "date": "2023-12-29", "close": 95.237633, "volume": 125552, "typical_volume": 217554.35, "trend": 108.590243, "fair_value": 81.89869, "relative_strength": -13.059548, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.303482, "energy": 41.035482, "activity_lines": [ 102.623134, 120.524612, 127.696097, 120.30468 ] }, { "date": "2024-01-05", "close": 98.385979, "volume": 93632, "typical_volume": 215768.75, "trend": 109.246149, "fair_value": 82.066085, "relative_strength": -11.717645, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.172063, "energy": 52.447714, "activity_lines": [ 99.684673, 113.530263, 125.269009, 119.646341 ] }, { "date": "2024-01-12", "close": 93.073135, "volume": 132192, "typical_volume": 208581.35, "trend": 109.954528, "fair_value": 82.178445, "relative_strength": -19.601857, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.570673, "energy": 58.737669, "activity_lines": [ 96.365786, 106.890104, 122.239423, 118.60292 ] }, { "date": "2024-01-19", "close": 92.482819, "volume": 128000, "typical_volume": 205617.65, "trend": 110.613714, "fair_value": 82.271234, "relative_strength": -19.766005, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.881421, "energy": 52.265426, "activity_lines": [ 94.450539, 101.824121, 119.133238, 117.475713 ] }, { "date": "2024-01-26", "close": 91.498962, "volume": 189548, "typical_volume": 200913.95, "trend": 111.167955, "fair_value": 82.3203, "relative_strength": -23.38627, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.486498, "energy": 58.634939, "activity_lines": [ 93.243672, 98.155219, 115.987698, 116.242503 ] }, { "date": "2024-02-02", "close": 108.224571, "volume": 271693, "typical_volume": 205488.2, "trend": 112.227244, "fair_value": 82.434308, "relative_strength": -12.334007, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.192758, "energy": 39.616803, "activity_lines": [ 97.939961, 98.668614, 114.538612, 116.052608 ] }, { "date": "2024-02-09", "close": 105.272995, "volume": 297435, "typical_volume": 209218.5, "trend": 113.02909, "fair_value": 82.493198, "relative_strength": -17.884617, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.635312, "energy": 26.67197, "activity_lines": [ 100.786595, 99.269662, 112.747519, 115.603946 ] }, { "date": "2024-02-16", "close": 118.259941, "volume": 312748, "typical_volume": 216290.8, "trend": 114.111336, "fair_value": 82.653213, "relative_strength": -9.498063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.974127, "energy": 15.36965, "activity_lines": [ 107.503076, 102.485989, 112.254183, 115.941421 ] }, { "date": "2024-02-23", "close": 122.490547, "volume": 264257, "typical_volume": 220885.6, "trend": 115.439547, "fair_value": 82.824598, "relative_strength": -7.237085, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 12.302933, "energy": 25.636509, "activity_lines": [ 113.950639, 106.45005, 112.251841, 116.482015 ] }, { "date": "2024-03-01", "close": 146.10318, "volume": 297282, "typical_volume": 228841.4, "trend": 117.620436, "fair_value": 82.831159, "relative_strength": 13.818442, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.662074, "energy": 45.442618, "activity_lines": [ 126.268565, 114.444359, 114.593896, 118.460314 ] }, { "date": "2024-03-08", "close": 141.47905, "volume": 205056, "typical_volume": 231628.4, "trend": 119.822642, "fair_value": 82.75374, "relative_strength": 9.32359, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.055285, "energy": 63.262684, "activity_lines": [ 133.404833, 120.694554, 116.379838, 119.999579 ] }, { "date": "2024-03-15", "close": 127.901772, "volume": 163009, "typical_volume": 223877.2, "trend": 121.482086, "fair_value": 82.607391, "relative_strength": 2.372814, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.392562, "energy": 57.941803, "activity_lines": [ 133.798376, 123.6354, 116.72372, 120.520813 ] }, { "date": "2024-03-22", "close": 124.06472, "volume": 189051, "typical_volume": 220032.75, "trend": 122.657798, "fair_value": 82.472679, "relative_strength": -3.66579, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.768081, "energy": 52.705235, "activity_lines": [ 131.404316, 125.34195, 116.907374, 120.687435 ] }, { "date": "2024-03-29", "close": 122.490547, "volume": 335024, "typical_volume": 219106.0, "trend": 123.27763, "fair_value": 82.188981, "relative_strength": -5.112243, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.773432, "energy": 24.851964, "activity_lines": [ 128.098547, 126.198803, 117.233922, 120.676645 ] }, { "date": "2024-04-05", "close": 120.030891, "volume": 111406, "typical_volume": 207603.15, "trend": 123.503918, "fair_value": 82.028412, "relative_strength": -11.484838, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 0.547731, "energy": 7.418032, "activity_lines": [ 123.972893, 126.06285, 117.596076, 120.467178 ] }, { "date": "2024-04-12", "close": 126.917908, "volume": 24530, "typical_volume": 198686.2, "trend": 124.553368, "fair_value": 81.954263, "relative_strength": -8.268017, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.016808, "energy": 8.3182, "activity_lines": [ 123.881064, 126.660321, 118.777176, 120.687435 ] }, { "date": "2024-04-19", "close": 117.079315, "volume": 135802, "typical_volume": 190546.3, "trend": 124.520573, "fair_value": 81.958357, "relative_strength": -14.239372, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.1683, "energy": 12.35099, "activity_lines": [ 121.480446, 125.129077, 119.095759, 120.205238 ] }, { "date": "2024-04-26", "close": 131.443665, "volume": 194571, "typical_volume": 188253.9, "trend": 124.343479, "fair_value": 81.973608, "relative_strength": -5.913553, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.001386, "energy": 9.061089, "activity_lines": [ 124.589443, 125.994873, 120.792683, 120.651889 ] }, { "date": "2024-05-03", "close": 162.336868, "volume": 269036, "typical_volume": 193202.7, "trend": 125.002665, "fair_value": 82.12598, "relative_strength": 11.800314, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.334516, "energy": 52.15176, "activity_lines": [ 137.504243, 132.237911, 125.363414, 123.103075 ] }, { "date": "2024-05-10", "close": 157.515961, "volume": 281969, "typical_volume": 201089.65, "trend": 126.193136, "fair_value": 82.216972, "relative_strength": 9.037145, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.33266, "energy": 65.73176, "activity_lines": [ 146.155654, 136.879942, 129.216398, 125.200707 ] }, { "date": "2024-05-17", "close": 147.578964, "volume": 172200, "typical_volume": 203422.05, "trend": 127.439358, "fair_value": 82.109601, "relative_strength": -1.672032, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.996008, "energy": 65.566574, "activity_lines": [ 148.995728, 139.507741, 131.832059, 126.580438 ] }, { "date": "2024-05-24", "close": 139.708084, "volume": 154573, "typical_volume": 206469.1, "trend": 126.396467, "fair_value": 82.064693, "relative_strength": -6.957406, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.935492, "energy": 72.429124, "activity_lines": [ 147.834771, 140.593563, 133.448868, 127.371969 ] }, { "date": "2024-05-31", "close": 134.887177, "volume": 144430, "typical_volume": 207081.0, "trend": 124.707507, "fair_value": 82.058983, "relative_strength": -7.46422, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.92971, "energy": 48.297292, "activity_lines": [ 143.55826, 140.588197, 134.409771, 127.919757 ] }, { "date": "2024-06-07", "close": 130.853348, "volume": 232256, "typical_volume": 212293.8, "trend": 123.097257, "fair_value": 82.11808, "relative_strength": -7.779215, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.266039, "energy": 21.829854, "activity_lines": [ 137.707573, 139.652635, 134.787385, 128.316263 ] }, { "date": "2024-06-14", "close": 137.740356, "volume": 104104, "typical_volume": 208021.6, "trend": 122.546295, "fair_value": 82.275721, "relative_strength": -6.010888, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.337233, "energy": 21.27351, "activity_lines": [ 136.251456, 139.817205, 135.638188, 129.260979 ] }, { "date": "2024-06-21", "close": 133.116226, "volume": 39879, "typical_volume": 196430.9, "trend": 122.23146, "fair_value": 82.396372, "relative_strength": -11.616157, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.233849, "energy": 21.663849, "activity_lines": [ 134.572336, 138.819035, 135.828401, 129.94291 ] }, { "date": "2024-06-28", "close": 124.45826, "volume": 108218, "typical_volume": 186970.05, "trend": 122.405275, "fair_value": 82.517226, "relative_strength": -16.255132, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.351968, "energy": 16.505148, "activity_lines": [ 130.97141, 136.133992, 135.075514, 130.086574 ] }, { "date": "2024-07-05", "close": 121.506676, "volume": 93218, "typical_volume": 175993.55, "trend": 122.552853, "fair_value": 82.631248, "relative_strength": -19.649097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.886124, "energy": 13.95239, "activity_lines": [ 127.403277, 132.778134, 133.950165, 130.0286 ] }, { "date": "2024-07-12", "close": 129.96788, "volume": 128659, "typical_volume": 169213.65, "trend": 123.284189, "fair_value": 82.811198, "relative_strength": -15.607735, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.221497, "energy": 16.003716, "activity_lines": [ 127.547579, 131.14135, 133.615184, 130.506989 ] }, { "date": "2024-07-19", "close": 119.657684, "volume": 107061, "typical_volume": 159702.6, "trend": 124.058837, "fair_value": 82.924852, "relative_strength": -22.713805, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.210718, "energy": 19.618389, "activity_lines": [ 124.314181, 128.218512, 132.262674, 130.273021 ] }, { "date": "2024-07-26", "close": 121.14473, "volume": 107502, "typical_volume": 154824.9, "trend": 124.922407, "fair_value": 83.060658, "relative_strength": -19.787485, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.050797, "energy": 34.181322, "activity_lines": [ 122.781976, 126.254379, 131.177718, 130.085014 ] }, { "date": "2024-08-02", "close": 116.981003, "volume": 139209, "typical_volume": 153634.9, "trend": 125.542241, "fair_value": 83.206112, "relative_strength": -19.483752, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.86229, "energy": 44.055314, "activity_lines": [ 120.659962, 124.013826, 129.793047, 129.572665 ] }, { "date": "2024-08-09", "close": 113.412094, "volume": 124103, "typical_volume": 150387.5, "trend": 126.220206, "fair_value": 83.413308, "relative_strength": -17.670698, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.243928, "energy": 57.772895, "activity_lines": [ 117.846795, 121.537601, 128.120483, 128.790075 ] }, { "date": "2024-08-16", "close": 109.050087, "volume": 101809, "typical_volume": 138726.75, "trend": 126.772449, "fair_value": 83.593146, "relative_strength": -20.226727, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.518123, "energy": 63.986835, "activity_lines": [ 114.119264, 118.658739, 126.083217, 127.682326 ] }, { "date": "2024-08-23", "close": 108.950951, "volume": 104153, "typical_volume": 138364.1, "trend": 127.354182, "fair_value": 83.706467, "relative_strength": -19.003952, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.304156, "energy": 73.589137, "activity_lines": [ 111.753208, 116.158276, 124.100511, 126.532552 ] }, { "date": "2024-08-30", "close": 106.175125, "volume": 122452, "typical_volume": 143260.2, "trend": 127.285867, "fair_value": 83.778887, "relative_strength": -22.167041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.0749, "energy": 74.355169, "activity_lines": [ 109.175659, 113.67656, 121.906203, 125.166161 ] }, { "date": "2024-09-06", "close": 105.183762, "volume": 90774, "typical_volume": 141008.8, "trend": 127.282892, "fair_value": 83.941436, "relative_strength": -22.098096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.957649, "energy": 75.281544, "activity_lines": [ 107.265629, 111.504435, 119.716254, 123.740219 ] }, { "date": "2024-09-13", "close": 103.101898, "volume": 77072, "typical_volume": 135133.85, "trend": 126.777624, "fair_value": 84.179418, "relative_strength": -22.820255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.977514, "energy": 73.414569, "activity_lines": [ 105.448127, 109.304235, 117.384678, 122.180154 ] }, { "date": "2024-09-20", "close": 119.955093, "volume": 182062, "typical_volume": 130785.15, "trend": 126.693109, "fair_value": 84.605888, "relative_strength": -11.836696, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.994538, "energy": 43.528137, "activity_lines": [ 109.935703, 110.502885, 116.793129, 121.739991 ] }, { "date": "2024-09-27", "close": 109.050087, "volume": 129101, "typical_volume": 123141.75, "trend": 125.458006, "fair_value": 84.938102, "relative_strength": -18.243794, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.439081, "energy": 35.692669, "activity_lines": [ 110.061277, 109.900856, 115.364827, 120.601732 ] }, { "date": "2024-10-04", "close": 102.50708, "volume": 114445, "typical_volume": 120254.0, "trend": 124.15894, "fair_value": 85.239779, "relative_strength": -16.85689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.619341, "energy": 42.736195, "activity_lines": [ 107.999239, 108.302056, 113.54417, 119.121027 ] }, { "date": "2024-10-11", "close": 101.317444, "volume": 140406, "typical_volume": 119545.65, "trend": 123.272796, "fair_value": 85.520267, "relative_strength": -15.23032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.601083, "energy": 42.15234, "activity_lines": [ 105.785192, 106.825824, 111.824843, 117.647382 ] }, { "date": "2024-10-18", "close": 95.071846, "volume": 132572, "typical_volume": 118952.75, "trend": 122.306367, "fair_value": 85.777365, "relative_strength": -19.263601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.332224, "energy": 63.968911, "activity_lines": [ 101.747034, 104.498821, 109.693509, 115.827966 ] }, { "date": "2024-10-25", "close": 99.632126, "volume": 107829, "typical_volume": 112731.4, "trend": 121.54442, "fair_value": 86.075101, "relative_strength": -15.141134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.645103, "energy": 63.562554, "activity_lines": [ 99.764306, 103.334419, 108.186085, 114.365111 ] }, { "date": "2024-11-01", "close": 100.226944, "volume": 92447, "typical_volume": 112148.55, "trend": 120.884288, "fair_value": 86.373875, "relative_strength": -12.779846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.00155, "energy": 53.921744, "activity_lines": [ 99.334715, 102.449401, 106.883982, 112.98979 ] }, { "date": "2024-11-08", "close": 103.101898, "volume": 81890, "typical_volume": 114249.1, "trend": 120.090421, "fair_value": 86.726529, "relative_strength": -11.652681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.262114, "energy": 43.838751, "activity_lines": [ 100.451652, 102.245721, 106.03432, 111.842539 ] }, { "date": "2024-11-15", "close": 110.041451, "volume": 143282, "typical_volume": 116002.3, "trend": 119.855826, "fair_value": 87.159177, "relative_strength": -6.643231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.725373, "energy": 25.459093, "activity_lines": [ 103.842118, 103.359654, 105.988493, 111.194219 ] }, { "date": "2024-11-22", "close": 109.050087, "volume": 88571, "typical_volume": 115769.95, "trend": 119.109373, "fair_value": 87.609268, "relative_strength": -8.123667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.105617, "energy": 18.182195, "activity_lines": [ 106.32053, 104.205018, 105.916902, 110.497074 ] }, { "date": "2024-11-29", "close": 107.463905, "volume": 77655, "typical_volume": 113219.75, "trend": 117.280274, "fair_value": 88.031806, "relative_strength": -9.898788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.381121, "energy": 19.387963, "activity_lines": [ 107.338331, 104.653836, 105.753563, 109.745754 ] }, { "date": "2024-12-06", "close": 105.084625, "volume": 112350, "typical_volume": 113484.2, "trend": 115.532563, "fair_value": 88.295444, "relative_strength": -15.065372, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.158608, "energy": 17.847195, "activity_lines": [ 107.04092, 104.89717, 105.470788, 108.958938 ] }, { "date": "2024-12-13", "close": 102.308807, "volume": 127651, "typical_volume": 114491.65, "trend": 114.023558, "fair_value": 88.572423, "relative_strength": -17.230127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.628302, "energy": 17.239357, "activity_lines": [ 105.494392, 104.70791, 104.993045, 108.105792 ] }, { "date": "2024-12-20", "close": 105.77858, "volume": 153204, "typical_volume": 115191.4, "trend": 112.892574, "fair_value": 88.855923, "relative_strength": -10.629434, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.263211, "energy": 14.303183, "activity_lines": [ 105.157327, 105.153122, 104.935451, 107.573858 ] }, { "date": "2024-12-27", "close": 107.06736, "volume": 122279, "typical_volume": 115100.2, "trend": 111.965247, "fair_value": 89.153849, "relative_strength": -11.968625, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.04895, "energy": 16.608754, "activity_lines": [ 105.534046, 105.751546, 105.053943, 107.198038 ] }, { "date": "2025-01-03", "close": 108.058723, "volume": 63747, "typical_volume": 113197.1, "trend": 111.205426, "fair_value": 89.476625, "relative_strength": -11.286399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.884438, "energy": 8.299216, "activity_lines": [ 106.373402, 106.312118, 105.297063, 106.946004 ] }, { "date": "2025-01-10", "close": 106.075996, "volume": 173972, "typical_volume": 116688.05, "trend": 110.149948, "fair_value": 89.796248, "relative_strength": -11.333742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.312076, "energy": 8.507443, "activity_lines": [ 106.512195, 106.358983, 105.356074, 106.615073 ] }, { "date": "2025-01-17", "close": 105.084625, "volume": 87103, "typical_volume": 114920.6, "trend": 109.215561, "fair_value": 90.129244, "relative_strength": -12.611005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.682686, "energy": 8.787315, "activity_lines": [ 106.254439, 106.119252, 105.334358, 106.288278 ] }, { "date": "2025-01-24", "close": 102.606216, "volume": 76505, "typical_volume": 114207.15, "trend": 108.487159, "fair_value": 90.47163, "relative_strength": -15.635607, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.744584, "energy": 16.520561, "activity_lines": [ 104.985492, 105.392852, 105.081796, 105.861869 ] }, { "date": "2025-01-31", "close": 101.119171, "volume": 71226, "typical_volume": 113914.85, "trend": 107.807576, "fair_value": 90.812066, "relative_strength": -15.702332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.112499, "energy": 32.333902, "activity_lines": [ 103.432354, 104.531267, 104.699884, 105.386515 ] }, { "date": "2025-02-07", "close": 101.119171, "volume": 68498, "typical_volume": 108236.65, "trend": 106.845952, "fair_value": 91.170012, "relative_strength": -15.054759, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.018904, "energy": 41.509993, "activity_lines": [ 102.275762, 103.813879, 104.327415, 104.955005 ] }, { "date": "2025-02-14", "close": 98.888603, "volume": 64914, "typical_volume": 105027.3, "trend": 106.15365, "fair_value": 91.501822, "relative_strength": -15.930578, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.529928, "energy": 56.846789, "activity_lines": [ 100.838285, 102.806293, 103.832205, 104.441627 ] }, { "date": "2025-02-21", "close": 95.170982, "volume": 71852, "typical_volume": 102897.65, "trend": 105.287858, "fair_value": 91.824351, "relative_strength": -16.344277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.394455, "energy": 68.597593, "activity_lines": [ 98.64076, 101.235431, 103.031324, 103.733068 ] }, { "date": "2025-02-28", "close": 91.304665, "volume": 100405, "typical_volume": 100897.6, "trend": 104.43198, "fair_value": 92.133316, "relative_strength": -19.347317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.378304, "energy": 76.202004, "activity_lines": [ 95.815372, 99.09138, 101.897156, 102.830927 ] }, { "date": "2025-03-07", "close": 97.054581, "volume": 106288, "typical_volume": 99583.4, "trend": 103.88673, "fair_value": 92.483455, "relative_strength": -20.378576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.643081, "energy": 69.027533, "activity_lines": [ 95.660059, 98.255931, 101.358279, 102.354965 ] }, { "date": "2025-03-14", "close": 85.257339, "volume": 375481, "typical_volume": 112966.0, "trend": 103.093638, "fair_value": 92.724803, "relative_strength": -31.456051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.114353, "energy": 81.844577, "activity_lines": [ 91.843305, 95.457579, 99.686413, 101.153069 ] }, { "date": "2025-03-21", "close": 71.378235, "volume": 365391, "typical_volume": 126613.2, "trend": 101.841214, "fair_value": 92.867626, "relative_strength": -30.552909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.657791, "energy": 95.032797, "activity_lines": [ 84.457639, 90.550325, 96.76118, 99.106914 ] }, { "date": "2025-03-28", "close": 74.451469, "volume": 394890, "typical_volume": 142263.2, "trend": 100.783759, "fair_value": 93.009496, "relative_strength": -31.514488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.670473, "energy": 93.857227, "activity_lines": [ 79.930409, 86.832708, 94.26601, 97.339834 ] }, { "date": "2025-04-04", "close": 82.134544, "volume": 122612, "typical_volume": 141229.7, "trend": 100.015452, "fair_value": 93.213563, "relative_strength": -21.696085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.536686, "energy": 87.074128, "activity_lines": [ 79.345504, 85.068981, 92.638993, 96.136659 ] }, { "date": "2025-04-11", "close": 87.14093, "volume": 324979, "typical_volume": 153050.1, "trend": 99.483419, "fair_value": 93.451572, "relative_strength": -16.410147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.498928, "energy": 81.189119, "activity_lines": [ 81.040736, 84.587718, 91.621664, 95.306044 ] }, { "date": "2025-04-18", "close": 86.248703, "volume": 225800, "typical_volume": 160457.35, "trend": 98.359873, "fair_value": 93.690027, "relative_strength": -16.290809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.797006, "energy": 51.702748, "activity_lines": [ 83.099469, 84.198382, 90.62369, 94.452192 ] }, { "date": "2025-04-25", "close": 83.819862, "volume": 126398, "typical_volume": 161159.75, "trend": 97.518866, "fair_value": 93.907056, "relative_strength": -19.028054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.228956, "energy": 34.720435, "activity_lines": [ 84.282498, 83.637811, 89.495423, 93.514126 ] }, { "date": "2025-05-02", "close": 81.886696, "volume": 101850, "typical_volume": 159869.7, "trend": 96.831519, "fair_value": 94.111384, "relative_strength": -17.618024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.291899, "energy": 32.868096, "activity_lines": [ 83.991696, 82.999732, 88.284306, 92.505599 ] }, { "date": "2025-05-09", "close": 81.291885, "volume": 110019, "typical_volume": 157710.45, "trend": 96.164001, "fair_value": 94.333107, "relative_strength": -19.189108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.813612, "energy": 35.856964, "activity_lines": [ 83.006942, 82.495038, 87.113788, 91.503042 ] }, { "date": "2025-05-16", "close": 80.796204, "volume": 145746, "typical_volume": 158883.8, "trend": 95.688146, "fair_value": 94.56127, "relative_strength": -21.211288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.796633, "energy": 41.82108, "activity_lines": [ 81.913138, 82.08227, 86.012665, 90.511572 ] }, { "date": "2025-05-23", "close": 77.475128, "volume": 80553, "typical_volume": 159724.1, "trend": 94.949579, "fair_value": 94.77431, "relative_strength": -21.241122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.032091, "energy": 47.600118, "activity_lines": [ 80.135291, 81.361278, 84.720351, 89.336538 ] }, { "date": "2025-05-30", "close": 77.326424, "volume": 103883, "typical_volume": 156219.65, "trend": 94.186229, "fair_value": 94.987876, "relative_strength": -17.799539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.504041, "energy": 48.29147, "activity_lines": [ 78.892781, 80.754743, 83.55951, 88.19956 ] }, { "date": "2025-06-06", "close": 78.664764, "volume": 47631, "typical_volume": 154246.05, "trend": 93.371658, "fair_value": 95.205459, "relative_strength": -19.811204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.04118, "energy": 45.726411, "activity_lines": [ 78.52928, 80.283394, 82.663033, 87.198176 ] }, { "date": "2025-06-13", "close": 78.317787, "volume": 137918, "typical_volume": 157316.7, "trend": 92.314202, "fair_value": 95.42689, "relative_strength": -17.943259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.624002, "energy": 47.068517, "activity_lines": [ 78.264915, 79.672353, 81.85932, 86.226958 ] }, { "date": "2025-06-20", "close": 82.481514, "volume": 133809, "typical_volume": 160445.85, "trend": 91.428583, "fair_value": 95.643661, "relative_strength": -12.001207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.617537, "energy": 38.560953, "activity_lines": [ 79.586732, 79.887748, 81.567811, 85.592591 ] }, { "date": "2025-06-27", "close": 87.339203, "volume": 204734, "typical_volume": 167257.65, "trend": 90.75776, "fair_value": 95.870379, "relative_strength": -8.399535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.293155, "energy": 15.916223, "activity_lines": [ 82.415426, 81.071077, 81.82769, 85.32876 ] }, { "date": "2025-07-04", "close": 89.32193, "volume": 160551, "typical_volume": 172039.5, "trend": 90.232337, "fair_value": 96.119156, "relative_strength": -13.850407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.797304, "energy": 13.552826, "activity_lines": [ 85.247423, 82.595073, 82.342019, 85.236126 ] }, { "date": "2025-07-11", "close": 94.179619, "volume": 120928, "typical_volume": 174493.3, "trend": 89.961364, "fair_value": 96.411475, "relative_strength": -9.43234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 20.6162, "energy": 33.458596, "activity_lines": [ 88.898949, 84.902249, 83.364541, 85.490789 ] }, { "date": "2025-07-18", "close": 99.136444, "volume": 137585, "typical_volume": 176352.3, "trend": 89.739959, "fair_value": 96.727529, "relative_strength": -4.523866, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.215961, "energy": 69.581426, "activity_lines": [ 93.168427, 87.887158, 84.863862, 86.08273 ] }, { "date": "2025-07-25", "close": 103.696716, "volume": 134227, "typical_volume": 177749.25, "trend": 89.627604, "fair_value": 97.051311, "relative_strength": -2.467341, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.073471, "energy": 78.172675, "activity_lines": [ 97.570085, 91.37676, 86.7602, 86.983166 ] }, { "date": "2025-08-01", "close": 113.907776, "volume": 139215, "typical_volume": 165935.95, "trend": 89.822573, "fair_value": 97.414995, "relative_strength": 6.212554, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.940624, "energy": 87.971991, "activity_lines": [ 103.961083, 96.306546, 89.597391, 88.549629 ] }, { "date": "2025-08-08", "close": 110.140587, "volume": 141958, "typical_volume": 154764.3, "trend": 89.958059, "fair_value": 97.778214, "relative_strength": 0.862287, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.687459, "energy": 82.128398, "activity_lines": [ 107.325113, 99.888977, 91.939371, 89.860468 ] }, { "date": "2025-08-15", "close": 110.239723, "volume": 305196, "typical_volume": 150279.6, "trend": 90.129896, "fair_value": 98.13459, "relative_strength": 2.09001, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.850533, "energy": 87.525502, "activity_lines": [ 109.334278, 102.892812, 94.106211, 91.168963 ] }, { "date": "2025-08-22", "close": 114.599998, "volume": 147616, "typical_volume": 151529.8, "trend": 90.529688, "fair_value": 98.538861, "relative_strength": 1.680119, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.286264, "energy": 85.337495, "activity_lines": [ 111.726194, 106.115333, 96.517894, 92.747679 ] }, { "date": "2025-08-29", "close": 112.0, "volume": 137968, "typical_volume": 142179.25, "trend": 90.892383, "fair_value": 98.930206, "relative_strength": 0.284898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.428829, "energy": 63.278338, "activity_lines": [ 112.220541, 108.205451, 98.527361, 94.13286 ] }, { "date": "2025-09-05", "close": 112.0, "volume": 157365, "typical_volume": 138757.5, "trend": 91.255077, "fair_value": 99.325601, "relative_strength": 5.572875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.924038, "energy": 58.368906, "activity_lines": [ 112.161335, 109.758869, 100.418452, 95.494642 ] }, { "date": "2025-09-12", "close": 106.0, "volume": 102184, "typical_volume": 137546.8, "trend": 91.492124, "fair_value": 99.684094, "relative_strength": 3.446663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.252468, "energy": 50.164082, "activity_lines": [ 110.229315, 109.773, 101.615489, 96.445927 ] }, { "date": "2025-09-19", "close": 122.0, "volume": 177616, "typical_volume": 141335.1, "trend": 92.386424, "fair_value": 100.14889, "relative_strength": 9.617215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.044714, "energy": 55.240193, "activity_lines": [ 113.906667, 112.392985, 104.230716, 98.414178 ] }, { "date": "2025-09-26", "close": 122.699997, "volume": 215179, "typical_volume": 146593.1, "trend": 93.432935, "fair_value": 100.626027, "relative_strength": 11.695575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.340476, "energy": 56.377756, "activity_lines": [ 117.033332, 114.634416, 106.721593, 100.369892 ] }, { "date": "2025-10-03", "close": 129.800003, "volume": 164845, "typical_volume": 147548.05, "trend": 94.524449, "fair_value": 101.150173, "relative_strength": 21.178132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.115695, "energy": 62.229106, "activity_lines": [ 121.986667, 117.738329, 109.69148, 102.716154 ] }, { "date": "2025-10-10", "close": 122.599998, "volume": 135853, "typical_volume": 150313.05, "trend": 95.769205, "fair_value": 101.630533, "relative_strength": 15.925927, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.352794, "energy": 62.025978, "activity_lines": [ 123.353333, 119.058546, 111.742301, 104.52748 ] }, { "date": "2025-10-17", "close": 104.0, "volume": 194691, "typical_volume": 154853.45, "trend": 96.856597, "fair_value": 101.948157, "relative_strength": 3.392394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.738051, "energy": 39.867151, "activity_lines": [ 117.813333, 116.838904, 111.806813, 105.058499 ] }, { "date": "2025-10-24", "close": 101.0, "volume": 120013, "typical_volume": 158472.55, "trend": 97.741548, "fair_value": 102.193571, "relative_strength": -5.95809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.120106, "energy": 18.233274, "activity_lines": [ 111.406666, 114.185454, 111.458593, 105.325815 ] }, { "date": "2025-10-31", "close": 98.0, "volume": 123030, "typical_volume": 157728.15, "trend": 98.270396, "fair_value": 102.334986, "relative_strength": -8.577808, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.169424, "energy": 18.419766, "activity_lines": [ 105.4, 111.154545, 110.718301, 105.34249 ] }, { "date": "2025-11-07", "close": 98.25, "volume": 89796, "typical_volume": 155527.5, "trend": 98.640699, "fair_value": 102.482055, "relative_strength": -7.544123, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -5.815459, "energy": 27.720765, "activity_lines": [ 101.123333, 108.470909, 109.908094, 105.341174 ] }, { "date": "2025-11-14", "close": 90.400002, "volume": 138827, "typical_volume": 152232.15, "trend": 98.779075, "fair_value": 102.53642, "relative_strength": -11.488759, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -38.204825, "energy": 49.227096, "activity_lines": [ 96.333334, 104.61, 108.27518, 104.809516 ] }, { "date": "2025-11-21", "close": 95.0, "volume": 185712, "typical_volume": 153490.2, "trend": 99.151747, "fair_value": 102.538309, "relative_strength": -9.536825, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.688727, "energy": 53.094015, "activity_lines": [ 95.223334, 101.978182, 107.065786, 104.565705 ] }, { "date": "2025-11-28", "close": 89.599998, "volume": 75154, "typical_volume": 151201.5, "trend": 99.408857, "fair_value": 102.49187, "relative_strength": -13.988371, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.371845, "energy": 60.915683, "activity_lines": [ 92.913333, 98.564545, 105.315067, 103.949463 ] }, { "date": "2025-12-05", "close": 89.900002, "volume": 164328, "typical_volume": 152538.65, "trend": 99.695794, "fair_value": 102.41993, "relative_strength": -14.162846, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.622279, "energy": 54.787376, "activity_lines": [ 91.463334, 95.794546, 103.614728, 103.335988 ] }, { "date": "2025-12-12", "close": 88.599998, "volume": 74445, "typical_volume": 149549.55, "trend": 99.95592, "fair_value": 102.339657, "relative_strength": -17.297278, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.369605, "energy": 49.086233, "activity_lines": [ 90.12, 93.384545, 101.834562, 102.620131 ] }, { "date": "2025-12-19", "close": 89.900002, "volume": 102545, "typical_volume": 147716.05, "trend": 100.370083, "fair_value": 102.325683, "relative_strength": -15.805687, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.950723, "energy": 53.68413, "activity_lines": [ 89.853334, 91.96, 100.250095, 101.971362 ] }, { "date": "2025-12-26", "close": 88.699997, "volume": 93482, "typical_volume": 145292.25, "trend": 100.749202, "fair_value": 102.320845, "relative_strength": -16.095797, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.304387, "energy": 55.015817, "activity_lines": [ 89.219999, 90.911818, 98.665665, 101.218453 ] }, { "date": "2026-01-02", "close": 87.5, "volume": 71060, "typical_volume": 133585.45, "trend": 101.04371, "fair_value": 102.341349, "relative_strength": -18.175607, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.97505, "energy": 66.830332, "activity_lines": [ 88.606666, 89.923636, 97.069047, 100.363666 ] }, { "date": "2026-01-09", "close": 90.0, "volume": 148504, "typical_volume": 133629.85, "trend": 101.433117, "fair_value": 102.357311, "relative_strength": -20.134863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.024871, "energy": 51.744297, "activity_lines": [ 88.966666, 89.635454, 95.818809, 99.651168 ] }, { "date": "2026-01-16", "close": 86.300003, "volume": 137621, "typical_volume": 133612.5, "trend": 101.5604, "fair_value": 102.355476, "relative_strength": -25.668593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.686319, "energy": 60.609003, "activity_lines": [ 88.086667, 88.82, 94.333333, 98.674838 ] }, { "date": "2026-01-23", "close": 86.0, "volume": 96967, "typical_volume": 130592.6, "trend": 101.51576, "fair_value": 102.360132, "relative_strength": -27.235537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.894839, "energy": 56.218837, "activity_lines": [ 87.260001, 88.167273, 92.941667, 97.670942 ] }, { "date": "2026-01-30", "close": 83.949997, "volume": 175630, "typical_volume": 134264.9, "trend": 101.336695, "fair_value": 102.392784, "relative_strength": -32.735744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.373951, "energy": 57.204007, "activity_lines": [ 86.01, 87.221818, 91.478571, 96.537667 ] }, { "date": "2026-02-06", "close": 83.25, "volume": 118011, "typical_volume": 131284.65, "trend": 100.972375, "fair_value": 102.479539, "relative_strength": -31.148429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.40279, "energy": 65.126351, "activity_lines": [ 84.843333, 86.35, 90.053809, 95.370783 ] }, { "date": "2026-02-13", "close": 83.550003, "volume": 188305, "typical_volume": 129940.95, "trend": 100.452827, "fair_value": 102.525832, "relative_strength": -33.521031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.24024, "energy": 64.012977, "activity_lines": [ 84.060001, 85.648182, 88.842143, 94.246759 ] }, { "date": "2026-02-20", "close": 78.0, "volume": 292375, "typical_volume": 136317.45, "trend": 99.596269, "fair_value": 102.534991, "relative_strength": -36.241907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.454828, "energy": 76.446206, "activity_lines": [ 81.856667, 84.052728, 87.288333, 92.79819 ] }, { "date": "2026-02-27", "close": 75.599998, "volume": 127478, "typical_volume": 135898.7, "trend": 98.319344, "fair_value": 102.525025, "relative_strength": -36.682586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.742671, "energy": 81.187008, "activity_lines": [ 79.406666, 82.213636, 85.752619, 91.250043 ] }, { "date": "2026-03-06", "close": 71.900002, "volume": 128791, "typical_volume": 132603.7, "trend": 97.044657, "fair_value": 102.497263, "relative_strength": -34.907113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.8018, "energy": 89.111432, "activity_lines": [ 76.416667, 79.961818, 84.088333, 89.545569 ] }, { "date": "2026-03-13", "close": 73.599998, "volume": 99546, "typical_volume": 131580.35, "trend": 95.823333, "fair_value": 102.519354, "relative_strength": -34.568404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.991521, "energy": 81.916955, "activity_lines": [ 74.796666, 78.324545, 82.738809, 88.033011 ] }, { "date": "2026-03-20", "close": 74.0, "volume": 101047, "typical_volume": 130481.2, "trend": 94.47, "fair_value": 102.526245, "relative_strength": -33.655155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.711663, "energy": 74.738946, "activity_lines": [ 73.953333, 77.012727, 81.557857, 86.625054 ] }, { "date": "2026-03-27", "close": 69.150002, "volume": 198195, "typical_volume": 135901.15, "trend": 93.041667, "fair_value": 102.532899, "relative_strength": -35.971248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.339851, "energy": 74.671055, "activity_lines": [ 72.13, 75.11, 80.029286, 84.991505 ] }, { "date": "2026-04-03", "close": 72.0, "volume": 115067, "typical_volume": 134713.15, "trend": 91.708333, "fair_value": 102.564367, "relative_strength": -34.084306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.189211, "energy": 59.873275, "activity_lines": [ 71.846667, 74.037273, 78.910714, 83.633979 ] }, { "date": "2026-04-10", "close": 74.949997, "volume": 138747, "typical_volume": 132364.9, "trend": 90.673333, "fair_value": 102.622224, "relative_strength": -36.354403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.333365, "energy": 57.625017, "activity_lines": [ 72.786666, 73.755454, 78.160714, 82.552796 ] }, { "date": "2026-04-17", "close": 75.0, "volume": 143885, "typical_volume": 135801.45, "trend": 89.106667, "fair_value": 102.69131, "relative_strength": -37.969654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.811214, "energy": 52.968739, "activity_lines": [ 73.539999, 73.646363, 77.510952, 81.541613 ] }, { "date": "2026-04-24", "close": 80.75, "volume": 177989, "typical_volume": 136484.5, "trend": 87.708333, "fair_value": 102.825615, "relative_strength": -31.866395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.759522, "energy": 29.211207, "activity_lines": [ 76.116666, 74.732727, 77.478333, 81.002473 ] }, { "date": "2026-05-01", "close": 86.699997, "volume": 91205, "typical_volume": 137322.5, "trend": 86.271666, "fair_value": 102.993831, "relative_strength": -26.51243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.304914, "energy": 18.090145, "activity_lines": [ 80.226665, 76.951817, 78.055952, 80.937419 ] }, { "date": "2026-05-08", "close": 82.099998, "volume": 137718, "typical_volume": 139081.15, "trend": 84.921666, "fair_value": 103.059087, "relative_strength": -32.768768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.21115, "energy": 24.159633, "activity_lines": [ 81.633332, 78.176363, 78.204523, 80.668279 ] }, { "date": "2026-05-15", "close": 78.800003, "volume": 231114, "typical_volume": 145962.75, "trend": 84.081667, "fair_value": 103.110441, "relative_strength": -31.885153, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.394741, "energy": 20.568287, "activity_lines": [ 81.266667, 78.682727, 78.075952, 80.273333 ] }, { "date": "2026-05-22", "close": 78.849998, "volume": 318926, "typical_volume": 158356.05, "trend": 83.343333, "fair_value": 103.174414, "relative_strength": -28.642637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.121843, "energy": 16.250085, "activity_lines": [ 80.659999, 79.072727, 77.999285, 79.935806 ] }, { "date": "2026-05-29", "close": 79.050003, "volume": 56663, "typical_volume": 153764.0, "trend": 82.711667, "fair_value": 103.173448, "relative_strength": -27.212761, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.410587, "energy": 8.101237, "activity_lines": [ 79.863334, 79.403636, 77.982857, 79.658817 ] }, { "date": "2026-06-05", "close": 76.349998, "volume": 20058, "typical_volume": 147885.85, "trend": 81.981667, "fair_value": 103.158328, "relative_strength": -29.395978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.628753, "energy": 19.659538, "activity_lines": [ 78.28, 79.151818, 77.761428, 79.248387 ] }, { "date": "2026-06-12", "close": 72.927536, "volume": 24369, "typical_volume": 144255.95, "trend": 81.399251, "fair_value": 103.165416, "relative_strength": -33.22601, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.302015, "energy": 31.427538, "activity_lines": [ 76.245845, 78.146824, 77.261432, 78.664249 ] }, { "date": "2026-06-19", "close": 72.286957, "volume": 19776, "typical_volume": 136463.25, "trend": 80.64215, "fair_value": 103.162722, "relative_strength": -36.758604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.087709, "energy": 47.256483, "activity_lines": [ 74.609662, 77.008498, 76.762677, 78.076359 ] }, { "date": "2026-06-26", "close": 69.971016, "volume": 14233, "typical_volume": 131274.35, "trend": 79.98785, "fair_value": 103.131307, "relative_strength": -36.115462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.11637, "energy": 67.979536, "activity_lines": [ 72.635701, 75.49751, 76.098896, 77.387899 ] }, { "date": "2026-07-03", "close": 68.788406, "volume": 19183, "typical_volume": 122818.25, "trend": 79.28413, "fair_value": 103.082221, "relative_strength": -37.204882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.934282, "energy": 75.621135, "activity_lines": [ 70.859469, 73.862938, 75.385718, 76.665354 ] }, { "date": "2026-07-10", "close": 68.0, "volume": 30562, "typical_volume": 109727.6, "trend": 78.597464, "fair_value": 102.997492, "relative_strength": -36.810699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.805306, "energy": 76.809469, "activity_lines": [ 69.504541, 72.302504, 74.667747, 75.937346 ] }, { "date": "2026-07-17", "close": 68.849998, "volume": 12014, "typical_volume": 103954.4, "trend": 77.895797, "fair_value": 102.888886, "relative_strength": -33.677093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.701126, "energy": 74.786625, "activity_lines": [ 68.989613, 71.236614, 74.078347, 75.308477 ] }, { "date": "2026-07-24", "close": 72.449997, "volume": 160138, "typical_volume": 105521.75, "trend": 77.35413, "fair_value": 102.823539, "relative_strength": -29.188981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.200183, "energy": 57.3787, "activity_lines": [ 69.94652, 71.066178, 73.863947, 74.957135 ] }, { "date": "2026-07-31", "close": 66.800003, "volume": 70302, "typical_volume": 104059.55, "trend": 76.66413, "fair_value": 102.734587, "relative_strength": -31.340312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.615982, "energy": 52.049591, "activity_lines": [ 69.009227, 69.983926, 73.108834, 74.276224 ] }, { "date": "2026-08-07", "close": 75.75, "volume": 121257, "typical_volume": 105070.05, "trend": 76.18913, "fair_value": 102.736748, "relative_strength": -23.02691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.388689, "energy": 23.11612, "activity_lines": [ 71.266667, 70.748037, 73.238482, 74.217248 ] }, { "date": "2026-08-14", "close": 71.699997, "volume": 161605, "typical_volume": 103240.55, "trend": 75.702463, "fair_value": 102.695604, "relative_strength": -28.179343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.983315, "energy": 18.695622, "activity_lines": [ 71.709999, 70.835783, 72.974082, 73.927626 ] }, { "date": "2026-08-21", "close": 75.0, "volume": 143076, "typical_volume": 104641.0, "trend": 75.335797, "fair_value": 102.607185, "relative_strength": -25.649893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.101302, "energy": 15.786572, "activity_lines": [ 73.006666, 71.608076, 73.011825, 73.882306 ] } ], "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." } } }