{ "ticker": { "uuid": "62f181cc-ccf9-401e-9b88-aa3c482bce12", "symbol": "6150", "name": "TUL Corporation", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.726, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -16.022, "architecture_energy": 27.266, "architecture_maturity": 16.583, "architecture_confidence": 63.239, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.44, "rotation_up": 18.96, "upward_expansion": 18.72, "deceleration": 54.74, "rotation_down": 52.79, "downward_expansion": 46.06 }, "activity_lines": [ 58.093334, 58.850577, 60.864438, 60.502598 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 60.700001, "trend_reference": 60.260558, "distance_from_trend": 0.007292, "trend_direction": "Weakening", "fair_value": 72.801004, "distance_from_fair_value": -0.16622, "fair_value_direction": "Weakening", "relative_strength": -35.495453, "relative_strength_direction": "Weakening", "price_momentum": 0.02836, "excess_performance": -0.413012, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007292, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.03321, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.16622, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.075903, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.354955, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.019191, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.02836, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.323112, "read": "Supply-led" } ], "volume": { "latest": 1060250, "relative_activity": 0.356399, "balance": 0.323112, "dry_up": 0.33482, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.099365, "annualized_volatility": 0.474366, "from_high_reference": -0.357544, "from_low_reference": 0.218876 }, "levels": { "trend_reference": 60.260558, "fair_value_reference": 72.801004, "structural_low": 49.799999, "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": 18, "median_return": -0.010039, "positive_rate": 0.388889, "directional_follow_through": 0.388889, "median_excess_return": -0.020895, "regime_survival": 0.444444, "best_return": 0.130802, "worst_return": -0.165714, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.050053, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.018615, "regime_survival": 0.125, "best_return": 0.216383, "worst_return": -0.070588, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.050004, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.080801, "regime_survival": 0.166667, "best_return": 0.282844, "worst_return": -0.239869, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.219608, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.424855, "regime_survival": 0.0, "best_return": 0.443586, "worst_return": -0.427306, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-03", "end": "2024-10-25", "tenure": "Established", "return": -0.060766, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2025-01-10", "tenure": "Developing", "return": -0.115486, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.078519, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": -0.015385, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.029024, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.021429, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-13", "tenure": "Developing", "return": 0.313208, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-29", "tenure": "Developing", "return": 0.108955, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-31", "tenure": "Developing", "return": -0.011643, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.134163, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.041482, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-05-22", "tenure": "Established", "return": 0.035451, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.061314, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-08-14", "tenure": "Developing", "return": 0.011391, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 72.891174, "volume": 6731000, "typical_volume": 8519000.0, "trend": 78.050997, "fair_value": 92.872616, "relative_strength": -5.205948, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.30533, "energy": 31.593512, "activity_lines": [ 85.845202, 85.501274, 81.785632, 79.922369 ] }, { "date": "2023-08-18", "close": 75.961311, "volume": 4405000, "typical_volume": 8591500.0, "trend": 78.163239, "fair_value": 93.071295, "relative_strength": -0.055883, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.234571, "energy": 17.906315, "activity_lines": [ 81.183862, 83.988709, 81.498425, 79.787551 ] }, { "date": "2023-08-25", "close": 72.098885, "volume": 2857000, "typical_volume": 8673200.0, "trend": 78.090612, "fair_value": 93.278249, "relative_strength": -5.759113, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -11.656548, "energy": 26.103316, "activity_lines": [ 76.02074, 81.878324, 80.84431, 79.396302 ] }, { "date": "2023-09-01", "close": 74.970947, "volume": 3612000, "typical_volume": 8613900.0, "trend": 77.981671, "fair_value": 93.50841, "relative_strength": -3.127691, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.216585, "energy": 27.967692, "activity_lines": [ 74.502174, 80.407175, 80.489192, 79.195033 ] }, { "date": "2023-09-08", "close": 73.188286, "volume": 2376000, "typical_volume": 8590100.0, "trend": 77.876032, "fair_value": 93.729807, "relative_strength": -5.152205, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.719134, "energy": 29.626574, "activity_lines": [ 73.795711, 78.698338, 79.969484, 78.885783 ] }, { "date": "2023-09-15", "close": 77.644943, "volume": 5871000, "typical_volume": 8769900.0, "trend": 77.7902, "fair_value": 93.965653, "relative_strength": -1.724573, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.012453, "energy": 25.388735, "activity_lines": [ 75.069985, 77.87363, 79.858185, 78.870874 ] }, { "date": "2023-09-22", "close": 82.497757, "volume": 21973000, "typical_volume": 9823500.0, "trend": 77.885936, "fair_value": 94.216889, "relative_strength": 7.668551, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.688762, "energy": 5.276741, "activity_lines": [ 77.644946, 77.89884, 80.187365, 79.174587 ] }, { "date": "2023-09-29", "close": 79.922791, "volume": 4111000, "typical_volume": 9972700.0, "trend": 77.95196, "fair_value": 94.451618, "relative_strength": 3.870202, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.412975, "energy": 5.378886, "activity_lines": [ 78.925822, 77.55131, 80.217547, 79.305997 ] }, { "date": "2023-10-06", "close": 83.983315, "volume": 6843000, "typical_volume": 10227400.0, "trend": 78.315096, "fair_value": 94.713975, "relative_strength": 7.490674, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.667274, "energy": 21.632269, "activity_lines": [ 81.038612, 78.532677, 80.576439, 79.695117 ] }, { "date": "2023-10-13", "close": 86.261154, "volume": 14783000, "typical_volume": 10753050.0, "trend": 78.744256, "fair_value": 95.005852, "relative_strength": 8.040643, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.500622, "energy": 27.737382, "activity_lines": [ 83.309857, 80.147879, 81.086243, 80.207766 ] }, { "date": "2023-10-20", "close": 80.715088, "volume": 8980000, "typical_volume": 10035600.0, "trend": 78.892811, "fair_value": 95.258182, "relative_strength": 2.658543, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.424419, "energy": 26.243516, "activity_lines": [ 82.860889, 80.652066, 81.004183, 80.334916 ] }, { "date": "2023-10-27", "close": 89.529381, "volume": 37577000, "typical_volume": 11184900.0, "trend": 79.338477, "fair_value": 95.560886, "relative_strength": 15.383383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.139433, "energy": 47.55597, "activity_lines": [ 85.145343, 82.6166, 81.768654, 81.021146 ] }, { "date": "2023-11-03", "close": 89.727448, "volume": 17599000, "typical_volume": 11335850.0, "trend": 79.74783, "fair_value": 95.873118, "relative_strength": 12.697818, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.069298, "energy": 57.621043, "activity_lines": [ 87.027043, 84.370453, 82.514732, 81.691403 ] }, { "date": "2023-11-10", "close": 91.708183, "volume": 24556000, "typical_volume": 12460000.0, "trend": 80.269424, "fair_value": 96.165812, "relative_strength": 13.594738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.486207, "energy": 61.801323, "activity_lines": [ 88.915345, 86.163921, 83.396161, 82.463038 ] }, { "date": "2023-11-17", "close": 90.519745, "volume": 9882000, "typical_volume": 12764650.0, "trend": 80.959381, "fair_value": 96.446625, "relative_strength": 8.298308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.950295, "energy": 64.818135, "activity_lines": [ 89.89251, 87.436995, 84.10734, 83.124349 ] }, { "date": "2023-11-24", "close": 88.241898, "volume": 8895000, "typical_volume": 12990300.0, "trend": 81.46447, "fair_value": 96.688861, "relative_strength": 4.845593, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.656066, "energy": 54.312172, "activity_lines": [ 89.826486, 87.980798, 84.538387, 83.594189 ] }, { "date": "2023-12-01", "close": 92.500488, "volume": 10029000, "typical_volume": 12863900.0, "trend": 82.174234, "fair_value": 96.844905, "relative_strength": 8.538969, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.111862, "energy": 47.7577, "activity_lines": [ 90.678205, 89.106219, 85.316063, 84.30619 ] }, { "date": "2023-12-08", "close": 92.104332, "volume": 42964000, "typical_volume": 12314600.0, "trend": 82.986337, "fair_value": 96.934472, "relative_strength": 8.032714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.27541, "energy": 37.167214, "activity_lines": [ 91.199799, 89.977743, 86.033373, 84.946842 ] }, { "date": "2023-12-15", "close": 91.213005, "volume": 10078000, "typical_volume": 12459300.0, "trend": 83.689499, "fair_value": 97.012998, "relative_strength": 4.954453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.314091, "energy": 33.719024, "activity_lines": [ 91.265824, 90.465725, 86.762473, 85.477595 ] }, { "date": "2023-12-22", "close": 90.717819, "volume": 3090000, "typical_volume": 12360600.0, "trend": 84.28372, "fair_value": 97.000435, "relative_strength": 4.934356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.099095, "energy": 33.8078, "activity_lines": [ 91.199799, 90.732224, 87.467522, 85.931035 ] }, { "date": "2023-12-29", "close": 88.935158, "volume": 2702000, "typical_volume": 12159150.0, "trend": 84.508204, "fair_value": 96.989765, "relative_strength": 0.999681, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.005875, "energy": 25.023141, "activity_lines": [ 90.526349, 90.593573, 87.954689, 86.231127 ] }, { "date": "2024-01-05", "close": 87.746712, "volume": 3313000, "typical_volume": 12104550.0, "trend": 84.709579, "fair_value": 96.886226, "relative_strength": 1.927341, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.452357, "energy": 19.43463, "activity_lines": [ 89.410533, 90.089385, 88.252272, 86.440063 ] }, { "date": "2024-01-12", "close": 87.152489, "volume": 5182000, "typical_volume": 12220800.0, "trend": 84.996786, "fair_value": 96.74691, "relative_strength": 1.316612, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.488644, "energy": 15.838148, "activity_lines": [ 88.413561, 89.509569, 88.437141, 86.59767 ] }, { "date": "2024-01-19", "close": 84.181381, "volume": 3014008, "typical_volume": 12190900.4, "trend": 85.145342, "fair_value": 96.567235, "relative_strength": -3.019362, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.213902, "energy": 13.561458, "activity_lines": [ 86.756342, 88.436369, 88.267363, 86.545064 ] }, { "date": "2024-01-26", "close": 84.280418, "volume": 2547000, "typical_volume": 12199450.4, "trend": 85.379729, "fair_value": 96.46279, "relative_strength": -4.488146, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.181409, "energy": 14.25456, "activity_lines": [ 85.600911, 87.518026, 88.063158, 86.489262 ] }, { "date": "2024-02-02", "close": 88.836113, "volume": 4636000, "typical_volume": 12137700.4, "trend": 85.81219, "fair_value": 96.366234, "relative_strength": 0.350457, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.290825, "energy": 14.723002, "activity_lines": [ 86.393205, 87.541434, 88.240009, 86.712255 ] }, { "date": "2024-02-09", "close": 89.430344, "volume": 1616000, "typical_volume": 11119850.4, "trend": 85.868311, "fair_value": 96.463703, "relative_strength": 0.802918, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.339305, "energy": 13.230758, "activity_lines": [ 87.390178, 87.66208, 88.420163, 86.945684 ] }, { "date": "2024-02-16", "close": 92.995667, "volume": 4115000, "typical_volume": 11120050.4, "trend": 85.22127, "fair_value": 96.519023, "relative_strength": 2.015773, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.433747, "energy": 30.66068, "activity_lines": [ 89.463351, 88.486787, 88.906858, 87.405513 ] }, { "date": "2024-02-23", "close": 90.123596, "volume": 5503000, "typical_volume": 11053050.4, "trend": 85.023196, "fair_value": 96.640117, "relative_strength": -2.470906, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.291481, "energy": 30.405297, "activity_lines": [ 90.189622, 88.773094, 89.057771, 87.721792 ] }, { "date": "2024-03-01", "close": 95.075439, "volume": 16298000, "typical_volume": 11128800.4, "trend": 85.505176, "fair_value": 96.644831, "relative_strength": 2.622853, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.971688, "energy": 55.751636, "activity_lines": [ 92.170359, 89.979543, 89.651049, 88.370324 ] }, { "date": "2024-03-08", "close": 92.599518, "volume": 25499000, "typical_volume": 11954750.4, "trend": 86.16212, "fair_value": 96.617689, "relative_strength": -4.330267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.888354, "energy": 53.556929, "activity_lines": [ 92.606121, 90.656595, 89.966552, 88.828024 ] }, { "date": "2024-03-15", "close": 90.321671, "volume": 17145000, "typical_volume": 10933150.4, "trend": 86.640799, "fair_value": 96.573282, "relative_strength": -6.137091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.737076, "energy": 35.075941, "activity_lines": [ 92.031707, 90.852868, 90.008525, 89.096382 ] }, { "date": "2024-03-22", "close": 87.647675, "volume": 1733000, "typical_volume": 10139850.4, "trend": 87.159092, "fair_value": 96.421156, "relative_strength": -11.213893, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.912194, "energy": 16.814928, "activity_lines": [ 90.506539, 90.516143, 89.792059, 89.161341 ] }, { "date": "2024-03-29", "close": 90.420708, "volume": 4502000, "typical_volume": 9137150.4, "trend": 87.674084, "fair_value": 96.318774, "relative_strength": -8.578845, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.406354, "energy": 12.111342, "activity_lines": [ 90.262249, 90.674602, 89.849595, 89.371768 ] }, { "date": "2024-04-05", "close": 91.113968, "volume": 2057000, "typical_volume": 8745900.4, "trend": 88.271607, "fair_value": 96.204851, "relative_strength": -7.924287, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.690554, "energy": 14.18096, "activity_lines": [ 90.229237, 90.845666, 89.979286, 89.593696 ] }, { "date": "2024-04-12", "close": 88.14286, "volume": 1878000, "typical_volume": 8395050.4, "trend": 88.621537, "fair_value": 95.877406, "relative_strength": -12.459141, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.586012, "energy": 11.413168, "activity_lines": [ 89.469954, 90.352283, 89.823185, 89.58539 ] }, { "date": "2024-04-19", "close": 78.239166, "volume": 2748000, "typical_volume": 8031000.4, "trend": 88.479584, "fair_value": 95.313311, "relative_strength": -17.329106, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.892463, "energy": 39.016991, "activity_lines": [ 85.706551, 88.070832, 88.724347, 88.91556 ] }, { "date": "2024-04-26", "close": 76.852646, "volume": 1405000, "typical_volume": 5953050.4, "trend": 88.377246, "fair_value": 94.511219, "relative_strength": -20.915484, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.955948, "energy": 67.611173, "activity_lines": [ 82.286475, 85.740763, 87.56137, 88.165435 ] }, { "date": "2024-05-03", "close": 74.970947, "volume": 3733000, "typical_volume": 5635800.4, "trend": 88.076834, "fair_value": 93.926174, "relative_strength": -23.382801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.190754, "energy": 76.633324, "activity_lines": [ 78.958834, 83.362076, 86.291811, 87.300512 ] }, { "date": "2024-05-10", "close": 76.852646, "volume": 3312000, "typical_volume": 5646900.4, "trend": 87.763217, "fair_value": 93.294582, "relative_strength": -22.69191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.745038, "energy": 75.451117, "activity_lines": [ 77.28841, 81.601019, 85.278804, 86.576371 ] }, { "date": "2024-05-17", "close": 77.347832, "volume": 2061000, "typical_volume": 5614850.4, "trend": 87.650975, "fair_value": 92.655508, "relative_strength": -23.993355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.014588, "energy": 72.913045, "activity_lines": [ 76.733803, 80.261319, 84.378983, 85.904411 ] }, { "date": "2024-05-24", "close": 76.654579, "volume": 1989000, "typical_volume": 5548650.4, "trend": 87.221815, "fair_value": 92.32635, "relative_strength": -25.488491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.878704, "energy": 63.675006, "activity_lines": [ 76.66778, 79.072877, 83.468315, 85.194966 ] }, { "date": "2024-05-31", "close": 81.210274, "volume": 5520000, "typical_volume": 5565550.4, "trend": 86.937909, "fair_value": 92.085004, "relative_strength": -19.248889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.993072, "energy": 40.996013, "activity_lines": [ 78.225961, 78.961235, 83.044343, 84.807124 ] }, { "date": "2024-06-07", "close": 78.437241, "volume": 2108000, "typical_volume": 5520250.0, "trend": 86.495545, "fair_value": 91.769938, "relative_strength": -24.063058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.462466, "energy": 33.778396, "activity_lines": [ 78.56929, 78.462449, 82.384569, 84.258694 ] }, { "date": "2024-06-14", "close": 76.555542, "volume": 857000, "typical_volume": 5435750.0, "trend": 86.030071, "fair_value": 91.400184, "relative_strength": -27.677612, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.615713, "energy": 36.912787, "activity_lines": [ 78.054299, 77.839418, 81.572938, 83.617404 ] }, { "date": "2024-06-21", "close": 76.654579, "volume": 1498000, "typical_volume": 5278850.0, "trend": 85.643827, "fair_value": 91.004424, "relative_strength": -29.530059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.296704, "energy": 35.300972, "activity_lines": [ 77.592128, 77.499091, 80.807524, 83.012533 ] }, { "date": "2024-06-28", "close": 74.376724, "volume": 934000, "typical_volume": 5244750.0, "trend": 85.039702, "fair_value": 90.594063, "relative_strength": -30.585962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.122915, "energy": 55.354712, "activity_lines": [ 76.416888, 76.953488, 79.883179, 82.285623 ] }, { "date": "2024-07-05", "close": 76.951683, "volume": 1238000, "typical_volume": 5100900.0, "trend": 84.534613, "fair_value": 90.28013, "relative_strength": -29.406175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.339421, "energy": 48.934611, "activity_lines": [ 76.251825, 76.946284, 79.275753, 81.763816 ] }, { "date": "2024-07-12", "close": 74.87191, "volume": 1124000, "typical_volume": 4881950.0, "trend": 83.98991, "fair_value": 90.019467, "relative_strength": -31.797287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.215704, "energy": 45.161079, "activity_lines": [ 75.67741, 76.55914, 78.546652, 81.140415 ] }, { "date": "2024-07-19", "close": 77.248795, "volume": 7304000, "typical_volume": 4432250.0, "trend": 83.540943, "fair_value": 89.731415, "relative_strength": -25.401325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.058388, "energy": 38.983575, "activity_lines": [ 76.132979, 76.605957, 78.116549, 80.705505 ] }, { "date": "2024-07-26", "close": 77.050728, "volume": 2197000, "typical_volume": 3267150.0, "trend": 83.144795, "fair_value": 89.484719, "relative_strength": -22.38657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.100216, "energy": 31.20982, "activity_lines": [ 76.476309, 76.609559, 77.752471, 80.286781 ] }, { "date": "2024-08-02", "close": 72.792137, "volume": 3788000, "typical_volume": 2599300.0, "trend": 82.646309, "fair_value": 89.194739, "relative_strength": -24.586407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.851787, "energy": 38.321055, "activity_lines": [ 75.373699, 75.844274, 77.056854, 79.618868 ] }, { "date": "2024-08-09", "close": 65.067253, "volume": 3334000, "typical_volume": 2679350.0, "trend": 81.910135, "fair_value": 88.796632, "relative_strength": -31.657886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.894013, "energy": 52.884156, "activity_lines": [ 71.801766, 73.744691, 75.709009, 78.484735 ] }, { "date": "2024-08-16", "close": 66.849922, "volume": 1037000, "typical_volume": 2506100.0, "trend": 81.332419, "fair_value": 88.388639, "relative_strength": -32.066335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.788766, "energy": 70.376414, "activity_lines": [ 69.616352, 72.262738, 74.638467, 77.513109 ] }, { "date": "2024-08-23", "close": 67.741257, "volume": 1277000, "typical_volume": 2467100.0, "trend": 80.781114, "fair_value": 88.087918, "relative_strength": -30.164489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.31272, "energy": 74.723337, "activity_lines": [ 68.262849, 71.153526, 73.765056, 76.636259 ] }, { "date": "2024-08-30", "close": 77.942055, "volume": 14819000, "typical_volume": 3114150.0, "trend": 80.417979, "fair_value": 87.855259, "relative_strength": -19.691205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.841436, "energy": 45.956054, "activity_lines": [ 70.943447, 72.059263, 73.974448, 76.453094 ] }, { "date": "2024-09-06", "close": 70.316216, "volume": 1925000, "typical_volume": 3073000.0, "trend": 79.780841, "fair_value": 87.546991, "relative_strength": -24.354583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.703018, "energy": 35.497525, "activity_lines": [ 71.022678, 71.555076, 73.506145, 75.801368 ] }, { "date": "2024-09-13", "close": 67.840294, "volume": 2115000, "typical_volume": 3108500.0, "trend": 78.942329, "fair_value": 87.209489, "relative_strength": -27.634341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.101333, "energy": 32.991512, "activity_lines": [ 70.441662, 70.674548, 72.839769, 75.03101 ] }, { "date": "2024-09-20", "close": 70.118141, "volume": 1882000, "typical_volume": 3015950.0, "trend": 78.27548, "fair_value": 86.921332, "relative_strength": -25.931288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.635965, "energy": 22.182878, "activity_lines": [ 70.43506, 70.373836, 72.433246, 74.461707 ] }, { "date": "2024-09-27", "close": 68.731621, "volume": 944000, "typical_volume": 2897550.0, "trend": 77.397353, "fair_value": 86.642995, "relative_strength": -28.905995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.368056, "energy": 33.59733, "activity_lines": [ 69.748403, 69.907462, 71.917782, 73.845974 ] }, { "date": "2024-10-04", "close": 69.325844, "volume": 525000, "typical_volume": 2820750.0, "trend": 76.621564, "fair_value": 86.384502, "relative_strength": -25.955216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.536978, "energy": 32.397007, "activity_lines": [ 69.193795, 69.703986, 71.497583, 73.325232 ] }, { "date": "2024-10-11", "close": 68.137405, "volume": 3049000, "typical_volume": 2873750.0, "trend": 75.882088, "fair_value": 86.182534, "relative_strength": -28.41796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.323094, "energy": 31.878614, "activity_lines": [ 68.817456, 69.424882, 71.002398, 72.777867 ] }, { "date": "2024-10-18", "close": 69.424881, "volume": 967000, "typical_volume": 2646100.0, "trend": 75.274662, "fair_value": 85.911313, "relative_strength": -28.235259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.717539, "energy": 29.412692, "activity_lines": [ 69.015529, 69.464497, 70.670389, 72.361273 ] }, { "date": "2024-10-25", "close": 70.415245, "volume": 1303000, "typical_volume": 2605850.0, "trend": 74.607813, "fair_value": 85.539538, "relative_strength": -25.902402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.121748, "energy": 24.853415, "activity_lines": [ 69.438085, 69.604948, 70.488821, 72.047762 ] }, { "date": "2024-11-01", "close": 75.466133, "volume": 17135000, "typical_volume": 3419750.0, "trend": 74.086219, "fair_value": 85.1066, "relative_strength": -17.7814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.816029, "energy": 9.488374, "activity_lines": [ 71.524463, 70.598919, 70.826489, 72.103138 ] }, { "date": "2024-11-08", "close": 79.823753, "volume": 19490000, "typical_volume": 4319350.0, "trend": 73.808915, "fair_value": 84.816516, "relative_strength": -15.036038, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.731806, "energy": 23.143578, "activity_lines": [ 74.614413, 72.244731, 71.584357, 72.473301 ] }, { "date": "2024-11-15", "close": 73.980576, "volume": 13850000, "typical_volume": 4965150.0, "trend": 73.666962, "fair_value": 84.435525, "relative_strength": -17.650174, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.677952, "energy": 18.15092, "activity_lines": [ 75.056777, 72.793935, 71.770641, 72.484376 ] }, { "date": "2024-11-22", "close": 76.951683, "volume": 6991880, "typical_volume": 5252844.0, "trend": 73.670263, "fair_value": 84.049526, "relative_strength": -14.2185, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.383268, "energy": 27.433463, "activity_lines": [ 76.099966, 73.816716, 72.241773, 72.696294 ] }, { "date": "2024-11-29", "close": 72.6931, "volume": 2325000, "typical_volume": 5312894.0, "trend": 73.594335, "fair_value": 83.665626, "relative_strength": -15.786359, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.800834, "energy": 25.93636, "activity_lines": [ 75.22184, 73.899547, 72.307326, 72.633251 ] }, { "date": "2024-12-06", "close": 76.456497, "volume": 4914000, "typical_volume": 5193394.0, "trend": 73.58113, "fair_value": 83.297833, "relative_strength": -14.128535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.00185, "energy": 14.585775, "activity_lines": [ 75.446323, 74.619815, 72.741673, 72.817906 ] }, { "date": "2024-12-13", "close": 70.613327, "volume": 2037000, "typical_volume": 5185394.0, "trend": 73.356646, "fair_value": 82.726884, "relative_strength": -19.249103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.574177, "energy": 6.389655, "activity_lines": [ 73.657058, 74.137236, 72.623301, 72.626435 ] }, { "date": "2024-12-20", "close": 68.335472, "volume": 1498000, "typical_volume": 5070894.0, "trend": 73.079343, "fair_value": 82.192113, "relative_strength": -19.215783, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.880075, "energy": 12.623292, "activity_lines": [ 71.722536, 73.217093, 72.318644, 72.302488 ] }, { "date": "2024-12-27", "close": 69.523918, "volume": 945000, "typical_volume": 4951444.0, "trend": 72.689798, "fair_value": 81.659614, "relative_strength": -19.702943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.055943, "energy": 19.673235, "activity_lines": [ 70.560504, 72.509429, 72.148395, 72.073106 ] }, { "date": "2025-01-03", "close": 68.335472, "volume": 575000, "typical_volume": 4928344.0, "trend": 72.353072, "fair_value": 81.095444, "relative_strength": -18.961215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.845258, "energy": 29.644795, "activity_lines": [ 69.497507, 71.583884, 71.843739, 71.792182 ] }, { "date": "2025-01-10", "close": 66.750885, "volume": 1342000, "typical_volume": 4931594.0, "trend": 72.02625, "fair_value": 80.569223, "relative_strength": -20.33264, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.575593, "energy": 46.321837, "activity_lines": [ 68.196823, 70.408046, 71.381095, 71.430751 ] }, { "date": "2025-01-17", "close": 66.849922, "volume": 1013000, "typical_volume": 4241294.0, "trend": 71.699428, "fair_value": 80.083725, "relative_strength": -19.891454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.063201, "energy": 47.087138, "activity_lines": [ 67.576192, 69.408674, 70.932599, 71.096794 ] }, { "date": "2025-01-24", "close": 69.127769, "volume": 945000, "typical_volume": 4192294.0, "trend": 71.524463, "fair_value": 79.668953, "relative_strength": -17.724576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.747664, "energy": 37.255525, "activity_lines": [ 67.965737, 69.059344, 70.753861, 70.93088 ] }, { "date": "2025-02-07", "close": 70.712364, "volume": 1205457, "typical_volume": 4146816.85, "trend": 71.316486, "fair_value": 79.312446, "relative_strength": -14.794633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.420006, "energy": 26.378635, "activity_lines": [ 68.83066, 69.086355, 70.731696, 70.878487 ] }, { "date": "2025-02-14", "close": 72.098885, "volume": 1102871, "typical_volume": 4107860.4, "trend": 71.224052, "fair_value": 78.983534, "relative_strength": -11.017052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.111237, "energy": 12.3952, "activity_lines": [ 70.078528, 69.478903, 70.827904, 70.928964 ] }, { "date": "2025-02-21", "close": 77.248795, "volume": 5099538, "typical_volume": 4315637.3, "trend": 71.224052, "fair_value": 78.623493, "relative_strength": -6.08258, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.851846, "energy": 25.573806, "activity_lines": [ 72.792138, 70.818601, 71.405148, 71.317657 ] }, { "date": "2025-02-28", "close": 76.060356, "volume": 1664401, "typical_volume": 4372607.35, "trend": 71.191039, "fair_value": 78.263851, "relative_strength": -4.027835, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.52451, "energy": 45.380464, "activity_lines": [ 74.409741, 71.927815, 71.828649, 71.629677 ] }, { "date": "2025-03-07", "close": 75.069992, "volume": 3858178, "typical_volume": 4413066.25, "trend": 71.266968, "fair_value": 77.929932, "relative_strength": -2.349384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.506968, "energy": 50.252175, "activity_lines": [ 75.083194, 72.757926, 72.12576, 71.879932 ] }, { "date": "2025-03-14", "close": 73.386353, "volume": 1506628, "typical_volume": 4440047.65, "trend": 71.544271, "fair_value": 77.566512, "relative_strength": -1.149499, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.154134, "energy": 48.749264, "activity_lines": [ 74.799285, 73.159474, 72.229513, 72.016667 ] }, { "date": "2025-03-21", "close": 72.891174, "volume": 1249908, "typical_volume": 4437393.05, "trend": 71.745646, "fair_value": 77.223971, "relative_strength": -2.154478, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.69941, "energy": 31.23866, "activity_lines": [ 74.172051, 73.400764, 72.267241, 72.103563 ] }, { "date": "2025-03-28", "close": 69.325844, "volume": 1006090, "typical_volume": 3630947.55, "trend": 71.798466, "fair_value": 76.84254, "relative_strength": -3.708617, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.981456, "energy": 9.087766, "activity_lines": [ 72.303554, 72.910981, 71.953624, 71.947447 ] }, { "date": "2025-04-04", "close": 67.840294, "volume": 635786, "typical_volume": 2688236.85, "trend": 71.46174, "fair_value": 76.480984, "relative_strength": -3.718387, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.694466, "energy": 18.175866, "activity_lines": [ 70.468071, 72.104281, 71.527766, 71.692081 ] }, { "date": "2025-04-11", "close": 52.489567, "volume": 1789504, "typical_volume": 2085212.05, "trend": 70.867519, "fair_value": 76.029044, "relative_strength": -17.89957, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.298608, "energy": 72.887645, "activity_lines": [ 64.063683, 68.488533, 69.696997, 70.46807 ] }, { "date": "2025-04-18", "close": 56.748154, "volume": 957362, "typical_volume": 1783486.15, "trend": 70.497781, "fair_value": 75.697943, "relative_strength": -9.925626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.021331, "energy": 80.734802, "activity_lines": [ 60.584185, 65.949586, 68.374147, 69.557143 ] }, { "date": "2025-04-25", "close": 57.837563, "volume": 626743, "typical_volume": 1698573.3, "trend": 70.088428, "fair_value": 75.421932, "relative_strength": -9.817913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.773995, "energy": 80.920848, "activity_lines": [ 58.577038, 63.862608, 67.251257, 68.740355 ] }, { "date": "2025-05-02", "close": 61.303856, "volume": 704495, "typical_volume": 1488098.05, "trend": 69.840836, "fair_value": 75.160123, "relative_strength": -8.14364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.657867, "energy": 78.246738, "activity_lines": [ 58.728895, 62.665162, 66.529231, 68.173609 ] }, { "date": "2025-05-09", "close": 65.364365, "volume": 2733846, "typical_volume": 1522940.35, "trend": 69.708787, "fair_value": 74.985813, "relative_strength": -2.326999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.230294, "energy": 44.986519, "activity_lines": [ 60.769054, 62.495898, 66.266075, 67.884804 ] }, { "date": "2025-05-16", "close": 71.009468, "volume": 2022368, "typical_volume": 1549158.75, "trend": 69.804522, "fair_value": 74.831653, "relative_strength": 1.879212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.578319, "energy": 16.703966, "activity_lines": [ 64.855977, 63.547489, 66.565544, 67.968719 ] }, { "date": "2025-05-23", "close": 72.098885, "volume": 3805070, "typical_volume": 1692162.25, "trend": 69.893656, "fair_value": 74.743274, "relative_strength": 4.551312, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.051052, "energy": 18.182949, "activity_lines": [ 68.071378, 64.870984, 66.956033, 68.116742 ] }, { "date": "2025-05-30", "close": 70.712364, "volume": 627113, "typical_volume": 1694767.9, "trend": 69.90356, "fair_value": 74.648679, "relative_strength": 4.157697, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.564426, "energy": 24.323237, "activity_lines": [ 69.801223, 65.965793, 67.202211, 68.169562 ] }, { "date": "2025-06-06", "close": 69.028732, "volume": 625547, "typical_volume": 1658945.25, "trend": 69.68898, "fair_value": 74.594605, "relative_strength": 0.601309, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 4.520685, "energy": 21.558334, "activity_lines": [ 70.111538, 66.794101, 67.276724, 68.113122 ] }, { "date": "2025-06-13", "close": 68.929695, "volume": 822594, "typical_volume": 1649424.95, "trend": 69.325844, "fair_value": 74.511567, "relative_strength": -1.139968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 12.460424, "energy": 19.334075, "activity_lines": [ 69.873849, 67.609805, 67.330958, 68.064136 ] }, { "date": "2025-06-20", "close": 66.354736, "volume": 509059, "typical_volume": 1627627.9, "trend": 69.07165, "fair_value": 74.423783, "relative_strength": -4.487686, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.19424, "energy": 11.22772, "activity_lines": [ 68.540151, 67.937527, 67.130055, 67.872451 ] }, { "date": "2025-06-27", "close": 67.345108, "volume": 512208, "typical_volume": 1592965.45, "trend": 68.75143, "fair_value": 74.41023, "relative_strength": -5.174385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.019757, "energy": 10.443952, "activity_lines": [ 67.846893, 68.193223, 67.036677, 67.761061 ] }, { "date": "2025-07-04", "close": 65.562439, "volume": 399224, "typical_volume": 1557783.1, "trend": 68.513742, "fair_value": 74.419459, "relative_strength": -7.369006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.467629, "energy": 17.705582, "activity_lines": [ 66.87633, 67.932125, 66.789556, 67.55532 ] }, { "date": "2025-07-11", "close": 71.108513, "volume": 1771019, "typical_volume": 1391357.15, "trend": 68.335476, "fair_value": 74.506467, "relative_strength": -0.345729, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.969461, "energy": 5.466577, "activity_lines": [ 68.097787, 68.538952, 67.101759, 67.722725 ] }, { "date": "2025-07-18", "close": 71.900803, "volume": 1606482, "typical_volume": 1388461.2, "trend": 68.378391, "fair_value": 74.572896, "relative_strength": -1.925856, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.484296, "energy": 20.183707, "activity_lines": [ 69.444689, 69.111565, 67.518657, 67.952746 ] }, { "date": "2025-07-25", "close": 69.424881, "volume": 626306, "typical_volume": 1226867.6, "trend": 68.414705, "fair_value": 74.626859, "relative_strength": -4.990209, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.133213, "energy": 21.053117, "activity_lines": [ 69.768209, 69.115166, 67.71956, 68.020261 ] }, { "date": "2025-08-01", "close": 67.642221, "volume": 561906, "typical_volume": 1179631.5, "trend": 68.351982, "fair_value": 74.604639, "relative_strength": -7.366298, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.922276, "energy": 17.049847, "activity_lines": [ 69.292834, 68.823458, 67.777568, 67.970424 ] }, { "date": "2025-08-08", "close": 68.929695, "volume": 847151, "typical_volume": 1159493.65, "trend": 68.371789, "fair_value": 74.617971, "relative_strength": -7.627482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.36924, "energy": 9.864757, "activity_lines": [ 69.226808, 68.846866, 67.985545, 68.007695 ] }, { "date": "2025-08-15", "close": 70.415245, "volume": 1060760, "typical_volume": 1162227.15, "trend": 68.493935, "fair_value": 74.678917, "relative_strength": -6.772162, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.682227, "energy": 12.613932, "activity_lines": [ 69.431482, 69.172787, 68.353868, 68.139531 ] }, { "date": "2025-08-22", "close": 72.296951, "volume": 2634471, "typical_volume": 1262161.4, "trend": 68.675502, "fair_value": 74.7278, "relative_strength": -2.015952, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.677483, "energy": 21.618934, "activity_lines": [ 70.30961, 69.815626, 68.896213, 68.384887 ] }, { "date": "2025-08-29", "close": 73.584435, "volume": 1681503, "typical_volume": 1256761.35, "trend": 68.824058, "fair_value": 74.778588, "relative_strength": -2.187106, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.125524, "energy": 42.198665, "activity_lines": [ 71.590488, 70.631331, 69.539953, 68.701592 ] }, { "date": "2025-09-05", "close": 76.555542, "volume": 4320719, "typical_volume": 1424929.2, "trend": 69.01883, "fair_value": 74.867468, "relative_strength": 0.910217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.703003, "energy": 65.761404, "activity_lines": [ 73.584433, 71.855788, 70.366204, 69.200398 ] }, { "date": "2025-09-12", "close": 79.625687, "volume": 5082693, "typical_volume": 1647726.7, "trend": 69.269724, "fair_value": 74.989994, "relative_strength": 1.016207, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.144759, "energy": 75.670861, "activity_lines": [ 76.007537, 73.47099, 71.390529, 69.884711 ] }, { "date": "2025-09-19", "close": 79.724724, "volume": 4435305, "typical_volume": 1834267.2, "trend": 69.352255, "fair_value": 75.140454, "relative_strength": 0.732206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.288134, "energy": 77.419906, "activity_lines": [ 77.750588, 74.848504, 72.320533, 70.559227 ] }, { "date": "2025-09-26", "close": 80.517021, "volume": 3608481, "typical_volume": 1877998.95, "trend": 69.50081, "fair_value": 75.276312, "relative_strength": 1.736037, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.230839, "energy": 77.706893, "activity_lines": [ 79.137105, 76.213414, 73.238275, 71.279535 ] }, { "date": "2025-10-03", "close": 83.09198, "volume": 3996633, "typical_volume": 1976712.2, "trend": 69.76821, "fair_value": 75.447088, "relative_strength": 0.299038, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.951642, "energy": 78.694595, "activity_lines": [ 80.833938, 77.889839, 74.329097, 72.156385 ] }, { "date": "2025-10-10", "close": 87.647675, "volume": 11535391, "typical_volume": 2363228.25, "trend": 70.243587, "fair_value": 75.680078, "relative_strength": 3.636645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.547102, "energy": 83.444134, "activity_lines": [ 83.4155, 80.14608, 75.796258, 73.309898 ] }, { "date": "2025-10-17", "close": 81.210274, "volume": 12593695, "typical_volume": 2961557.35, "trend": 70.520891, "fair_value": 75.877517, "relative_strength": -3.976225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.477876, "energy": 53.036939, "activity_lines": [ 83.111785, 80.868149, 76.576291, 74.017427 ] }, { "date": "2025-10-24", "close": 80.417976, "volume": 2780407, "typical_volume": 3069300.35, "trend": 70.890628, "fair_value": 76.088923, "relative_strength": -5.686523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.408655, "energy": 47.385507, "activity_lines": [ 82.438332, 81.22288, 77.230878, 74.655948 ] }, { "date": "2025-10-31", "close": 75.664207, "volume": 3271984, "typical_volume": 3191769.85, "trend": 71.151425, "fair_value": 76.2324, "relative_strength": -13.284386, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.407517, "energy": 31.370291, "activity_lines": [ 80.134073, 80.531422, 77.37849, 74.963921 ] }, { "date": "2025-11-07", "close": 71.603699, "volume": 2062770, "typical_volume": 3269455.4, "trend": 71.788563, "fair_value": 76.305408, "relative_strength": -15.832107, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.209057, "energy": 17.087623, "activity_lines": [ 76.799832, 79.040467, 77.107318, 74.9931 ] }, { "date": "2025-11-14", "close": 68.236443, "volume": 1732306, "typical_volume": 3330460.3, "trend": 72.171506, "fair_value": 76.354291, "relative_strength": -18.589701, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.294076, "energy": 18.897662, "activity_lines": [ 73.109057, 76.973297, 76.49046, 74.763931 ] }, { "date": "2025-11-21", "close": 61.997112, "volume": 1737593, "typical_volume": 3397378.75, "trend": 72.310158, "fair_value": 76.36191, "relative_strength": -22.900423, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.084608, "energy": 41.418453, "activity_lines": [ 68.632588, 73.92296, 75.275135, 74.107518 ] }, { "date": "2025-11-28", "close": 66.849922, "volume": 1349071, "typical_volume": 3376281.35, "trend": 72.495027, "fair_value": 76.371432, "relative_strength": -19.975574, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.994289, "energy": 46.05397, "activity_lines": [ 67.054599, 72.075471, 74.538961, 73.755245 ] }, { "date": "2025-12-05", "close": 65.562439, "volume": 840257, "typical_volume": 3337970.1, "trend": 72.501629, "fair_value": 76.380955, "relative_strength": -22.053734, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.550282, "energy": 56.772033, "activity_lines": [ 65.951987, 70.227981, 73.700448, 73.307981 ] }, { "date": "2025-12-12", "close": 65.463402, "volume": 986714, "typical_volume": 3355990.5, "trend": 72.31676, "fair_value": 76.377781, "relative_strength": -22.286069, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.011647, "energy": 57.109752, "activity_lines": [ 65.489813, 68.634387, 72.882685, 72.853902 ] }, { "date": "2025-12-19", "close": 64.274963, "volume": 531036, "typical_volume": 3354447.0, "trend": 72.055963, "fair_value": 76.366988, "relative_strength": -21.939582, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.717291, "energy": 50.402523, "activity_lines": [ 65.040846, 67.145232, 71.970603, 72.335077 ] }, { "date": "2025-12-26", "close": 64.076881, "volume": 462360, "typical_volume": 3335207.45, "trend": 71.83478, "fair_value": 76.276839, "relative_strength": -24.134296, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.462242, "energy": 55.941214, "activity_lines": [ 64.789951, 66.04502, 71.055689, 71.820297 ] }, { "date": "2026-01-02", "close": 67.047989, "volume": 1681549, "typical_volume": 3366246.9, "trend": 71.768755, "fair_value": 76.242557, "relative_strength": -22.409141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.054226, "energy": 42.235116, "activity_lines": [ 65.390773, 65.796527, 70.446847, 71.511472 ] }, { "date": "2026-01-09", "close": 65.562439, "volume": 1622782, "typical_volume": 3315662.45, "trend": 71.656513, "fair_value": 76.223512, "relative_strength": -26.08566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.667473, "energy": 39.369723, "activity_lines": [ 65.483208, 65.521024, 69.712559, 71.111064 ] }, { "date": "2026-01-16", "close": 64.770149, "volume": 1557575, "typical_volume": 3309466.05, "trend": 71.603694, "fair_value": 76.170184, "relative_strength": -29.192216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.30748, "energy": 37.47565, "activity_lines": [ 65.311546, 65.285136, 68.934884, 70.666783 ] }, { "date": "2026-01-23", "close": 63.680744, "volume": 1943329, "typical_volume": 3190596.55, "trend": 71.481548, "fair_value": 76.113048, "relative_strength": -31.180331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.627071, "energy": 40.389422, "activity_lines": [ 64.822966, 64.975422, 68.095428, 70.155625 ] }, { "date": "2026-01-30", "close": 59.719261, "volume": 1642399, "typical_volume": 3018581.85, "trend": 71.286776, "fair_value": 76.019724, "relative_strength": -35.204213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.725435, "energy": 64.319218, "activity_lines": [ 63.053506, 64.028269, 66.939997, 69.396768 ] }, { "date": "2026-02-06", "close": 59.026001, "volume": 1150539, "typical_volume": 2854343.55, "trend": 70.884025, "fair_value": 75.896563, "relative_strength": -34.88753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.095033, "energy": 74.926328, "activity_lines": [ 61.343468, 62.996483, 65.813334, 68.60575 ] }, { "date": "2026-02-13", "close": 57.045265, "volume": 802927, "typical_volume": 2714065.85, "trend": 70.388841, "fair_value": 75.772767, "relative_strength": -39.911821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.180196, "energy": 82.675765, "activity_lines": [ 59.507983, 61.746818, 64.596595, 67.712927 ] }, { "date": "2026-02-27", "close": 59.224079, "volume": 974906, "typical_volume": 2562979.5, "trend": 70.048814, "fair_value": 75.638178, "relative_strength": -40.158126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.19496, "energy": 81.667614, "activity_lines": [ 58.966582, 61.048158, 63.699132, 66.992619 ] }, { "date": "2026-03-06", "close": 55.064526, "volume": 1578278, "typical_volume": 2065123.85, "trend": 69.629558, "fair_value": 75.480735, "relative_strength": -40.677757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.158312, "energy": 86.046071, "activity_lines": [ 57.4084, 59.706657, 62.519177, 66.025891 ] }, { "date": "2026-03-13", "close": 57.045265, "volume": 1236787, "typical_volume": 1497278.45, "trend": 69.23341, "fair_value": 75.346781, "relative_strength": -37.47338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.133325, "energy": 65.910114, "activity_lines": [ 57.08488, 58.892754, 61.683023, 65.214001 ] }, { "date": "2026-03-20", "close": 60.016373, "volume": 2312018, "typical_volume": 1473859.0, "trend": 68.886781, "fair_value": 75.262981, "relative_strength": -33.774984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.376453, "energy": 48.452455, "activity_lines": [ 57.929995, 58.7469, 61.244902, 64.619354 ] }, { "date": "2026-03-27", "close": 56.550079, "volume": 1167462, "typical_volume": 1368632.9, "trend": 68.361885, "fair_value": 75.155056, "relative_strength": -36.070748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.428386, "energy": 47.951215, "activity_lines": [ 57.553654, 58.098658, 60.573809, 63.823437 ] }, { "date": "2026-04-03", "close": 54.470306, "volume": 574083, "typical_volume": 1294198.55, "trend": 67.724747, "fair_value": 75.015388, "relative_strength": -36.700445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.379443, "energy": 47.769846, "activity_lines": [ 56.517068, 57.236136, 59.795662, 62.927207 ] }, { "date": "2026-04-10", "close": 55.559711, "volume": 598517, "typical_volume": 1237509.1, "trend": 67.024886, "fair_value": 74.883339, "relative_strength": -39.914474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.031551, "energy": 45.463641, "activity_lines": [ 56.160535, 56.758958, 59.202855, 62.142366 ] }, { "date": "2026-04-17", "close": 52.885715, "volume": 1279722, "typical_volume": 1214615.55, "trend": 66.133554, "fair_value": 74.725896, "relative_strength": -44.449085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.910321, "energy": 55.264537, "activity_lines": [ 54.879658, 55.943254, 58.415747, 61.230161 ] }, { "date": "2026-04-24", "close": 57.24334, "volume": 5020485, "typical_volume": 1398186.25, "trend": 65.384175, "fair_value": 74.605274, "relative_strength": -42.536643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.79575, "energy": 42.415772, "activity_lines": [ 55.328626, 56.044092, 58.087039, 60.656599 ] }, { "date": "2026-05-01", "close": 54.56934, "volume": 1112604, "typical_volume": 1411803.6, "trend": 64.519252, "fair_value": 74.507507, "relative_strength": -44.584506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.022152, "energy": 40.53867, "activity_lines": [ 55.071129, 55.69116, 57.54941, 59.958867 ] }, { "date": "2026-05-08", "close": 70.217178, "volume": 8176877, "typical_volume": 1771311.75, "trend": 64.090092, "fair_value": 74.489096, "relative_strength": -32.636839, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.607066, "energy": 8.010223, "activity_lines": [ 60.161627, 58.228306, 58.554399, 60.326476 ] }, { "date": "2026-05-15", "close": 67.741257, "volume": 9778436, "typical_volume": 2233681.75, "trend": 63.426544, "fair_value": 74.466876, "relative_strength": -33.576378, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.70803, "energy": 20.15016, "activity_lines": [ 63.377027, 60.115411, 59.300949, 60.562035 ] }, { "date": "2026-05-22", "close": 69.424881, "volume": 3845347, "typical_volume": 2402831.1, "trend": 63.033698, "fair_value": 74.477669, "relative_strength": -32.851583, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.045944, "energy": 34.74047, "activity_lines": [ 66.341532, 62.078142, 60.191339, 60.949024 ] }, { "date": "2026-05-29", "close": 67.840294, "volume": 4314395, "typical_volume": 2534473.4, "trend": 62.614442, "fair_value": 74.463067, "relative_strength": -37.103261, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.711898, "energy": 37.763547, "activity_lines": [ 67.675231, 63.527684, 60.905348, 61.259127 ] }, { "date": "2026-06-05", "close": 67.147034, "volume": 12640304, "typical_volume": 3085349.5, "trend": 62.330536, "fair_value": 74.426246, "relative_strength": -37.301421, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.937246, "energy": 46.700952, "activity_lines": [ 68.071379, 64.708924, 61.54956, 61.551552 ] }, { "date": "2026-06-12", "close": 63.383629, "volume": 2228577, "typical_volume": 3118899.6, "trend": 62.056534, "fair_value": 74.305624, "relative_strength": -38.73844, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.688621, "energy": 27.105335, "activity_lines": [ 66.374545, 65.013238, 61.827806, 61.619494 ] }, { "date": "2026-06-19", "close": 63.680744, "volume": 1463377, "typical_volume": 3094902.0, "trend": 61.904677, "fair_value": 74.190081, "relative_strength": -40.63885, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.514483, "energy": 16.803282, "activity_lines": [ 65.23232, 65.209511, 62.140952, 61.724282 ] }, { "date": "2026-06-26", "close": 60.016373, "volume": 1509243, "typical_volume": 3088244.2, "trend": 61.838653, "fair_value": 74.071363, "relative_strength": -40.858667, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.009486, "energy": 5.467911, "activity_lines": [ 63.139339, 64.591881, 62.10511, 61.602455 ] }, { "date": "2026-07-03", "close": 62.888443, "volume": 932349, "typical_volume": 3077334.7, "trend": 61.706603, "fair_value": 73.963438, "relative_strength": -40.126139, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.188673, "energy": 8.407479, "activity_lines": [ 62.630949, 64.366796, 62.341384, 61.670184 ] }, { "date": "2026-07-10", "close": 61.006741, "volume": 899063, "typical_volume": 3082141.5, "trend": 61.554747, "fair_value": 73.859323, "relative_strength": -39.278753, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.679333, "energy": 15.144954, "activity_lines": [ 61.825448, 63.696946, 62.380055, 61.625031 ] }, { "date": "2026-07-17", "close": 57.0, "volume": 1140394, "typical_volume": 3090415.9, "trend": 61.272633, "fair_value": 73.738411, "relative_strength": -38.747455, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.307725, "energy": 13.645312, "activity_lines": [ 60.093719, 62.181554, 62.018268, 61.331177 ] }, { "date": "2026-07-24", "close": 56.400002, "volume": 775627, "typical_volume": 3050283.35, "trend": 61.010135, "fair_value": 73.53747, "relative_strength": -39.811436, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.710712, "energy": 20.587109, "activity_lines": [ 58.587566, 60.797384, 61.609929, 61.016814 ] }, { "date": "2026-07-31", "close": 55.900002, "volume": 1401314, "typical_volume": 3058509.7, "trend": 60.737572, "fair_value": 73.175246, "relative_strength": -38.684608, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.412834, "energy": 32.428766, "activity_lines": [ 57.40013, 59.528509, 61.147612, 60.687128 ] }, { "date": "2026-08-07", "close": 57.599998, "volume": 747035, "typical_volume": 2980260.55, "trend": 60.422639, "fair_value": 72.928671, "relative_strength": -37.499661, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.910434, "energy": 37.734664, "activity_lines": [ 57.053783, 58.814631, 60.852652, 60.484703 ] }, { "date": "2026-08-14", "close": 60.700001, "volume": 1060250, "typical_volume": 2974899.95, "trend": 60.260558, "fair_value": 72.801004, "relative_strength": -35.495453, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.021519, "energy": 27.265889, "activity_lines": [ 58.093334, 58.850577, 60.864438, 60.502598 ] } ], "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." } } }