{ "ticker": { "uuid": "63f645a0-d264-4a68-8ca9-4635c7a65ea9", "symbol": "4164", "name": "Nahdi Medical Company", "exchange": "SAU", "country": "SA", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^TASI.SR", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 58.569, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -50.845, "architecture_energy": 42.553, "architecture_maturity": 17.951, "architecture_confidence": 74.214, "architecture_tenure": "New", "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": 24.64, "rotation_up": 24.65, "upward_expansion": 17.85, "deceleration": 57.41, "rotation_down": 48.22, "downward_expansion": 70.18 }, "activity_lines": [ 93.563333, 93.468182, 95.689286, 97.00189 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 95.199997, "trend_reference": 97.467884, "distance_from_trend": -0.023268, "trend_direction": "Weakening", "fair_value": 113.820485, "distance_from_fair_value": -0.163595, "fair_value_direction": "Weakening", "relative_strength": -4.488446, "relative_strength_direction": "Improving", "price_momentum": -0.029405, "excess_performance": 0.002424, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.023268, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.013615, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.163595, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.018282, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044884, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00955, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.029405, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.653822, "read": "Supply-led" } ], "volume": { "latest": 630557, "relative_activity": 1.156618, "balance": 0.653822, "dry_up": 1.178707, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.027553, "annualized_volatility": 0.206326, "from_high_reference": -0.210218, "from_low_reference": 0.076187 }, "levels": { "trend_reference": 97.467884, "fair_value_reference": 113.820485, "structural_low": 88.946511, "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": 0.00104, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.003454, "regime_survival": 0.777778, "best_return": 0.083832, "worst_return": -0.122581, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.010951, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039452, "regime_survival": 0.333333, "best_return": 0.083714, "worst_return": -0.113825, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.00775, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.071137, "regime_survival": 0.25, "best_return": 0.10153, "worst_return": -0.081124, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.050713, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.061779, "regime_survival": 1.0, "best_return": -0.040458, "worst_return": -0.060967, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-13", "end": "2024-11-01", "tenure": "Developing", "return": -0.067976, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-05-02", "tenure": "Established", "return": -0.058013, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.009917, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.013289, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-08-08", "tenure": "Developing", "return": 0.028381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": 0.005217, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-05", "end": "2025-10-10", "tenure": "Developing", "return": 0.049436, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-11-14", "tenure": "Developing", "return": -0.101653, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-03-13", "tenure": "Established", "return": -0.018433, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.050553, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": -0.062381, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.020315, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-07-31", "tenure": "Developing", "return": 0.009023, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 141.622055, "volume": 1663500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 134.961624, "volume": 3139881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 138.614059, "volume": 2741118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 137.366867, "volume": 1211824, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 135.228867, "volume": 1802288, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 132.200012, "volume": 1544310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 132.556366, "volume": 826226, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 129.705688, "volume": 680264, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 128.458511, "volume": 1298297, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 127.033165, "volume": 732208, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 125.964165, "volume": 1448796, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 123.291649, "volume": 718183, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 123.826157, "volume": 978066, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 120.262817, "volume": 2284637, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 117.055809, "volume": 1574183, "typical_volume": 1513948.35, "trend": 142.111766, "fair_value": 149.07736, "relative_strength": -20.048671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.318251, "energy": 88.675851, "activity_lines": [ 120.690416, 123.596162, 129.560132, 135.096394 ] }, { "date": "2023-11-17", "close": 120.619148, "volume": 1257266, "typical_volume": 1518799.1, "trend": 140.973482, "fair_value": 148.726024, "relative_strength": -18.928462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.992666, "energy": 78.106482, "activity_lines": [ 120.203426, 122.611383, 128.124224, 133.709773 ] }, { "date": "2023-11-24", "close": 120.262817, "volume": 883396, "typical_volume": 1484172.65, "trend": 139.759053, "fair_value": 148.378912, "relative_strength": -18.655676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.391293, "energy": 75.142172, "activity_lines": [ 119.953993, 121.772377, 126.789449, 132.373601 ] }, { "date": "2023-12-01", "close": 120.975487, "volume": 819144, "typical_volume": 1427400.4, "trend": 138.556694, "fair_value": 148.04875, "relative_strength": -18.478558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.115422, "energy": 61.344191, "activity_lines": [ 120.144039, 121.286467, 125.671833, 131.161758 ] }, { "date": "2023-12-08", "close": 117.590324, "volume": 2123872, "typical_volume": 1452583.7, "trend": 137.165544, "fair_value": 147.68615, "relative_strength": -20.664726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.749292, "energy": 59.386168, "activity_lines": [ 119.395742, 120.343804, 124.387728, 129.809089 ] }, { "date": "2023-12-15", "close": 117.233986, "volume": 1792637, "typical_volume": 1476004.8, "trend": 135.832627, "fair_value": 147.327889, "relative_strength": -22.669077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.133834, "energy": 57.818431, "activity_lines": [ 118.706831, 119.533955, 123.254232, 128.523182 ] }, { "date": "2023-12-22", "close": 119.193817, "volume": 2775278, "typical_volume": 1531593.7, "trend": 134.588406, "fair_value": 147.000749, "relative_strength": -21.454168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.973495, "energy": 51.448653, "activity_lines": [ 118.659319, 119.258606, 122.487788, 127.449711 ] }, { "date": "2023-12-29", "close": 122.044487, "volume": 3195987, "typical_volume": 1534399.0, "trend": 133.602798, "fair_value": 146.713895, "relative_strength": -21.183085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.951488, "energy": 42.713218, "activity_lines": [ 119.657053, 119.624658, 122.099638, 126.640426 ] }, { "date": "2024-01-05", "close": 126.320518, "volume": 3951293, "typical_volume": 1594907.75, "trend": 132.800622, "fair_value": 146.482152, "relative_strength": -19.45721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.203018, "energy": 26.900856, "activity_lines": [ 121.961352, 120.790846, 122.180239, 126.170601 ] }, { "date": "2024-01-12", "close": 125.607841, "volume": 2074812, "typical_volume": 1638057.15, "trend": 131.92795, "fair_value": 146.247609, "relative_strength": -19.286997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.352308, "energy": 23.11257, "activity_lines": [ 123.671757, 121.782104, 122.251506, 125.706551 ] }, { "date": "2024-01-19", "close": 125.964165, "volume": 3447837, "typical_volume": 1720334.6, "trend": 130.991203, "fair_value": 146.022238, "relative_strength": -17.534329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.508535, "energy": 18.748509, "activity_lines": [ 124.966436, 122.740966, 122.412705, 125.32179 ] }, { "date": "2024-01-26", "close": 128.102188, "volume": 2272071, "typical_volume": 1756722.65, "trend": 130.295156, "fair_value": 145.825314, "relative_strength": -17.064531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.37299, "energy": 22.500397, "activity_lines": [ 126.391776, 123.92659, 122.821642, 125.135402 ] }, { "date": "2024-02-02", "close": 124.004341, "volume": 2463907, "typical_volume": 1838606.7, "trend": 129.374876, "fair_value": 145.58813, "relative_strength": -17.502645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.526076, "energy": 17.279689, "activity_lines": [ 125.857277, 124.231095, 122.859821, 124.729543 ] }, { "date": "2024-02-09", "close": 126.855003, "volume": 2120100, "typical_volume": 1910598.5, "trend": 128.479509, "fair_value": 145.386698, "relative_strength": -16.994499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.271827, "energy": 14.624425, "activity_lines": [ 126.142341, 124.985874, 123.210217, 124.566971 ] }, { "date": "2024-02-16", "close": 126.320518, "volume": 3303825, "typical_volume": 2010874.9, "trend": 127.478689, "fair_value": 145.183866, "relative_strength": -18.56197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.219947, "energy": 12.477507, "activity_lines": [ 126.213611, 125.536575, 123.523283, 124.427681 ] }, { "date": "2024-02-23", "close": 126.320518, "volume": 3448183, "typical_volume": 2146673.65, "trend": 126.518766, "fair_value": 144.985305, "relative_strength": -18.85531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.537575, "energy": 8.520319, "activity_lines": [ 126.237369, 125.928544, 123.84653, 124.35296 ] }, { "date": "2024-03-01", "close": 126.49868, "volume": 2064346, "typical_volume": 2177451.15, "trend": 126.014653, "fair_value": 144.792736, "relative_strength": -18.094971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.725002, "energy": 14.670414, "activity_lines": [ 126.296758, 126.187697, 124.190139, 124.351665 ] }, { "date": "2024-03-08", "close": 130.240173, "volume": 3487264, "typical_volume": 2315905.2, "trend": 125.857271, "fair_value": 144.642709, "relative_strength": -14.73282, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.511297, "energy": 27.228636, "activity_lines": [ 127.710212, 126.994305, 124.887535, 124.624279 ] }, { "date": "2024-03-15", "close": 130.062012, "volume": 3239455, "typical_volume": 2428974.65, "trend": 125.572203, "fair_value": 144.493927, "relative_strength": -15.220355, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.347526, "energy": 36.782873, "activity_lines": [ 128.648556, 127.619508, 125.534876, 124.895552 ] }, { "date": "2024-03-22", "close": 136.119705, "volume": 6882140, "typical_volume": 2658849.8, "trend": 125.530631, "fair_value": 144.409339, "relative_strength": -11.250273, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.733898, "energy": 68.89964, "activity_lines": [ 131.392331, 129.278083, 126.729444, 125.576036 ] }, { "date": "2024-03-29", "close": 134.48407, "volume": 3072495, "typical_volume": 2733765.4, "trend": 125.505805, "fair_value": 144.310086, "relative_strength": -9.925652, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.87708, "energy": 70.815647, "activity_lines": [ 132.937615, 130.448145, 127.69273, 126.153678 ] }, { "date": "2024-04-05", "close": 132.666733, "volume": 1465508, "typical_volume": 2744177.5, "trend": 125.521362, "fair_value": 144.194805, "relative_strength": -11.425589, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.046468, "energy": 66.398547, "activity_lines": [ 133.332884, 131.132874, 128.399943, 126.615673 ] }, { "date": "2024-04-19", "close": 127.3964, "volume": 1631848, "typical_volume": 2781600.1, "trend": 125.349363, "fair_value": 144.030115, "relative_strength": -12.969645, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.958525, "energy": 45.008825, "activity_lines": [ 131.560171, 130.77637, 128.547851, 126.736643 ] }, { "date": "2024-04-26", "close": 123.398232, "volume": 1632381, "typical_volume": 2822261.95, "trend": 125.139115, "fair_value": 143.829806, "relative_strength": -13.420933, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.058999, "energy": 12.694896, "activity_lines": [ 128.64432, 129.631252, 128.281011, 126.610764 ] }, { "date": "2024-05-03", "close": 125.215591, "volume": 759570, "typical_volume": 2754046.85, "trend": 125.031017, "fair_value": 143.650823, "relative_strength": -12.275821, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.174018, "energy": 18.744393, "activity_lines": [ 126.778508, 128.879413, 128.175716, 126.615698 ] }, { "date": "2024-05-10", "close": 121.580887, "volume": 1832284, "typical_volume": 2756029.2, "trend": 124.849275, "fair_value": 143.440633, "relative_strength": -13.772091, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -25.691462, "energy": 30.074506, "activity_lines": [ 124.428069, 127.486809, 127.687949, 126.393109 ] }, { "date": "2024-05-17", "close": 123.03476, "volume": 1607099, "typical_volume": 2697620.25, "trend": 124.751628, "fair_value": 143.248125, "relative_strength": -11.496802, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.250957, "energy": 29.090227, "activity_lines": [ 123.422466, 126.44472, 127.317945, 126.276043 ] }, { "date": "2024-05-24", "close": 122.489563, "volume": 805625, "typical_volume": 2578102.15, "trend": 124.724892, "fair_value": 143.054119, "relative_strength": -9.856005, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.400679, "energy": 36.50567, "activity_lines": [ 122.877262, 125.366485, 126.877728, 126.130104 ] }, { "date": "2024-05-31", "close": 121.399155, "volume": 649821, "typical_volume": 2413028.55, "trend": 124.643991, "fair_value": 142.85361, "relative_strength": -6.317546, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.238511, "energy": 43.070384, "activity_lines": [ 122.295711, 124.230914, 126.331544, 125.91554 ] }, { "date": "2024-06-07", "close": 119.400047, "volume": 722001, "typical_volume": 2345388.0, "trend": 124.615233, "fair_value": 142.63844, "relative_strength": -7.805827, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.060052, "energy": 41.183527, "activity_lines": [ 121.181063, 122.889375, 125.618403, 125.577221 ] }, { "date": "2024-06-14", "close": 119.945267, "volume": 971372, "typical_volume": 2221564.75, "trend": 124.711548, "fair_value": 142.432139, "relative_strength": -6.371998, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.394441, "energy": 43.774748, "activity_lines": [ 120.635858, 121.950961, 124.986749, 125.275933 ] }, { "date": "2024-06-28", "close": 119.763542, "volume": 647236, "typical_volume": 2140323.0, "trend": 124.683028, "fair_value": 142.227917, "relative_strength": -7.858191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.654601, "energy": 45.805342, "activity_lines": [ 120.139119, 121.243848, 124.366448, 124.956707 ] }, { "date": "2024-07-05", "close": 120.126999, "volume": 782452, "typical_volume": 2056250.25, "trend": 124.6785, "fair_value": 142.030587, "relative_strength": -6.517226, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.368062, "energy": 59.289359, "activity_lines": [ 119.981614, 120.837422, 123.820471, 124.662769 ] }, { "date": "2024-07-12", "close": 121.035667, "volume": 706882, "typical_volume": 1985589.35, "trend": 124.680506, "fair_value": 141.844792, "relative_strength": -6.431478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.106848, "energy": 50.045225, "activity_lines": [ 120.284503, 120.728379, 123.379497, 124.427748 ] }, { "date": "2024-07-19", "close": 121.399155, "volume": 676415, "typical_volume": 1854218.85, "trend": 124.807467, "fair_value": 141.665444, "relative_strength": -8.700841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.640617, "energy": 34.11208, "activity_lines": [ 120.732786, 120.72838, 123.000853, 124.216048 ] }, { "date": "2024-07-26", "close": 119.945267, "volume": 548613, "typical_volume": 1709240.35, "trend": 124.897843, "fair_value": 141.476573, "relative_strength": -8.06691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.004063, "energy": 32.577461, "activity_lines": [ 120.563166, 120.533428, 122.507177, 123.902357 ] }, { "date": "2024-08-02", "close": 119.581795, "volume": 854032, "typical_volume": 1648724.65, "trend": 124.910776, "fair_value": 141.287825, "relative_strength": -7.944168, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.876497, "energy": 37.836732, "activity_lines": [ 120.272389, 120.302128, 122.009244, 123.559387 ] }, { "date": "2024-08-09", "close": 117.037506, "volume": 1559313, "typical_volume": 1552327.1, "trend": 124.743877, "fair_value": 141.080557, "relative_strength": -6.468067, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.234154, "energy": 49.928303, "activity_lines": [ 119.145633, 119.671012, 121.301935, 123.051434 ] }, { "date": "2024-08-16", "close": 119.001915, "volume": 1154217, "typical_volume": 1448065.2, "trend": 124.499923, "fair_value": 140.89345, "relative_strength": -6.463942, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.371213, "energy": 52.653033, "activity_lines": [ 118.879645, 119.496189, 120.844582, 122.680984 ] }, { "date": "2024-08-23", "close": 123.07988, "volume": 2368189, "typical_volume": 1222367.65, "trend": 124.415658, "fair_value": 140.743756, "relative_strength": -5.181442, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.882346, "energy": 28.237061, "activity_lines": [ 120.108562, 120.106401, 120.828274, 122.589369 ] }, { "date": "2024-08-30", "close": 123.265228, "volume": 1466401, "typical_volume": 1142062.95, "trend": 124.325693, "fair_value": 140.598102, "relative_strength": -4.31534, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.621937, "energy": 15.863303, "activity_lines": [ 121.287214, 120.683406, 120.891713, 122.515148 ] }, { "date": "2024-09-06", "close": 120.48481, "volume": 711977, "typical_volume": 1104386.4, "trend": 124.071781, "fair_value": 140.431876, "relative_strength": -5.764254, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.348799, "energy": 18.253971, "activity_lines": [ 121.317729, 120.694518, 120.743773, 122.267349 ] }, { "date": "2024-09-13", "close": 122.709137, "volume": 4984220, "typical_volume": 1272005.0, "trend": 124.028607, "fair_value": 140.286608, "relative_strength": -1.690594, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.091546, "energy": 14.54862, "activity_lines": [ 122.029486, 121.096939, 120.865683, 122.179436 ] }, { "date": "2024-09-20", "close": 123.07988, "volume": 597640, "typical_volume": 1220267.95, "trend": 123.90277, "fair_value": 140.146716, "relative_strength": -3.052766, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.723159, "energy": 12.114277, "activity_lines": [ 122.486714, 121.519819, 121.045222, 122.118228 ] }, { "date": "2024-09-27", "close": 123.635948, "volume": 900984, "typical_volume": 1227338.65, "trend": 123.813284, "fair_value": 140.013564, "relative_strength": -4.596844, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.409174, "energy": 9.923, "activity_lines": [ 122.857435, 122.006636, 121.279236, 122.101014 ] }, { "date": "2024-10-04", "close": 120.299454, "volume": 515098, "typical_volume": 1161479.35, "trend": 123.612582, "fair_value": 139.855851, "relative_strength": -3.620085, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.102988, "energy": 11.790829, "activity_lines": [ 122.078919, 121.846148, 121.20301, 121.874315 ] }, { "date": "2024-10-11", "close": 118.631203, "volume": 624419, "typical_volume": 1112345.35, "trend": 123.350333, "fair_value": 139.687402, "relative_strength": -4.944634, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.271178, "energy": 18.801874, "activity_lines": [ 120.942038, 121.375902, 120.974006, 121.552936 ] }, { "date": "2024-10-18", "close": 120.11409, "volume": 859027, "typical_volume": 1115015.45, "trend": 123.012797, "fair_value": 139.533281, "relative_strength": -2.746979, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.269802, "energy": 19.834952, "activity_lines": [ 120.423027, 121.192556, 120.907198, 121.344146 ] }, { "date": "2024-10-25", "close": 119.928726, "volume": 331502, "typical_volume": 1099099.5, "trend": 122.67502, "fair_value": 139.380121, "relative_strength": -2.395111, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.105225, "energy": 25.017168, "activity_lines": [ 120.01523, 120.919569, 120.834049, 121.145173 ] }, { "date": "2024-11-01", "close": 114.367889, "volume": 1361999, "typical_volume": 1131099.4, "trend": 121.94996, "fair_value": 139.186227, "relative_strength": -7.620412, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.420319, "energy": 57.105455, "activity_lines": [ 117.963899, 119.618669, 120.238298, 120.609229 ] }, { "date": "2024-11-08", "close": 115.109337, "volume": 639176, "typical_volume": 1114489.6, "trend": 121.304135, "fair_value": 139.001021, "relative_strength": -7.438729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.245757, "energy": 66.007626, "activity_lines": [ 116.777587, 118.610978, 119.737123, 120.167899 ] }, { "date": "2024-11-15", "close": 114.367889, "volume": 527705, "typical_volume": 1108513.05, "trend": 120.694174, "fair_value": 138.812981, "relative_strength": -5.140054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.208886, "energy": 71.239886, "activity_lines": [ 115.690133, 117.616768, 119.188363, 119.720399 ] }, { "date": "2024-11-22", "close": 109.91922, "volume": 473592, "typical_volume": 1093070.05, "trend": 120.111601, "fair_value": 138.594089, "relative_strength": -8.950479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.104731, "energy": 85.159251, "activity_lines": [ 113.404011, 115.924925, 118.241614, 119.025241 ] }, { "date": "2024-11-29", "close": 108.992416, "volume": 784052, "typical_volume": 1096928.55, "trend": 119.631407, "fair_value": 138.37152, "relative_strength": -7.908932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.108497, "energy": 87.903534, "activity_lines": [ 111.488613, 114.297116, 117.255206, 118.307874 ] }, { "date": "2024-12-06", "close": 113.811813, "volume": 504161, "typical_volume": 1088315.85, "trend": 119.251282, "fair_value": 138.188239, "relative_strength": -5.944054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.363217, "energy": 75.862611, "activity_lines": [ 111.908767, 113.801697, 116.785137, 117.932416 ] }, { "date": "2024-12-13", "close": 111.958199, "volume": 385914, "typical_volume": 1080180.9, "trend": 118.930525, "fair_value": 137.993942, "relative_strength": -8.484203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.971323, "energy": 73.100266, "activity_lines": [ 111.748122, 113.147878, 116.174663, 117.461895 ] }, { "date": "2024-12-20", "close": 108.80706, "volume": 818434, "typical_volume": 1078401.0, "trend": 118.456269, "fair_value": 137.779333, "relative_strength": -9.283898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.093468, "energy": 63.68342, "activity_lines": [ 110.747172, 112.072784, 115.302115, 116.808768 ] }, { "date": "2024-12-27", "close": 108.250977, "volume": 434354, "typical_volume": 1022153.05, "trend": 117.981649, "fair_value": 137.563797, "relative_strength": -9.318769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.526208, "energy": 56.280418, "activity_lines": [ 109.931584, 111.075205, 114.427915, 116.150362 ] }, { "date": "2025-01-03", "close": 108.436333, "volume": 474292, "typical_volume": 988156.8, "trend": 117.549555, "fair_value": 137.352729, "relative_strength": -10.766984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.980281, "energy": 63.25837, "activity_lines": [ 109.288998, 110.327019, 113.613208, 115.534535 ] }, { "date": "2025-01-10", "close": 111.216751, "volume": 469930, "typical_volume": 893243.85, "trend": 117.276778, "fair_value": 137.1647, "relative_strength": -8.260755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.946555, "energy": 51.998434, "activity_lines": [ 109.610289, 110.293317, 113.113615, 115.125967 ] }, { "date": "2025-01-17", "close": 109.5485, "volume": 470208, "typical_volume": 843434.2, "trend": 116.93022, "fair_value": 136.967442, "relative_strength": -10.553036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.815533, "energy": 48.74914, "activity_lines": [ 109.548501, 110.01359, 112.511633, 114.627369 ] }, { "date": "2025-01-24", "close": 109.363136, "volume": 461194, "typical_volume": 830895.05, "trend": 116.583539, "fair_value": 136.771666, "relative_strength": -11.153626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.765229, "energy": 45.030975, "activity_lines": [ 109.585572, 109.801266, 111.957314, 114.13917 ] }, { "date": "2025-01-31", "close": 109.363136, "volume": 336129, "typical_volume": 598490.5, "trend": 116.224744, "fair_value": 136.578649, "relative_strength": -11.298161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.015639, "energy": 43.070639, "activity_lines": [ 109.585571, 109.679938, 111.455956, 113.673337 ] }, { "date": "2025-02-07", "close": 110.475304, "volume": 461307, "typical_volume": 591673.85, "trend": 115.872732, "fair_value": 136.396108, "relative_strength": -10.239993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.598304, "energy": 36.325531, "activity_lines": [ 109.882148, 109.770933, 111.124071, 113.302406 ] }, { "date": "2025-02-14", "close": 109.733864, "volume": 308606, "typical_volume": 562054.95, "trend": 115.483889, "fair_value": 136.210953, "relative_strength": -10.222727, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.188234, "energy": 33.841515, "activity_lines": [ 109.795648, 109.700159, 110.781594, 112.90635 ] }, { "date": "2025-02-21", "close": 108.992416, "volume": 287592, "typical_volume": 550679.65, "trend": 115.118794, "fair_value": 136.023239, "relative_strength": -10.573645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.821641, "energy": 39.955985, "activity_lines": [ 109.560857, 109.568721, 110.434703, 112.487545 ] }, { "date": "2025-02-28", "close": 109.177788, "volume": 704591, "typical_volume": 554688.25, "trend": 114.771994, "fair_value": 135.839366, "relative_strength": -8.180285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.307275, "energy": 37.922132, "activity_lines": [ 109.424929, 109.52491, 110.159311, 112.104254 ] }, { "date": "2025-03-07", "close": 104.914467, "volume": 408440, "typical_volume": 532158.9, "trend": 114.367892, "fair_value": 135.628993, "relative_strength": -9.320602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.443209, "energy": 70.645201, "activity_lines": [ 107.880251, 108.699209, 109.522903, 111.468285 ] }, { "date": "2025-03-14", "close": 106.768074, "volume": 591748, "typical_volume": 545171.2, "trend": 113.960098, "fair_value": 135.433987, "relative_strength": -6.881439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.978293, "energy": 63.192949, "activity_lines": [ 107.25002, 108.271192, 109.135409, 110.977974 ] }, { "date": "2025-03-21", "close": 108.051003, "volume": 564417, "typical_volume": 505292.1, "trend": 113.459135, "fair_value": 135.250208, "relative_strength": -5.822361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.071302, "energy": 55.497707, "activity_lines": [ 107.29458, 108.106767, 108.932769, 110.596742 ] }, { "date": "2025-03-28", "close": 109.572845, "volume": 464183, "typical_volume": 496542.45, "trend": 113.002722, "fair_value": 135.079026, "relative_strength": -6.39433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.887008, "energy": 42.033487, "activity_lines": [ 107.958612, 108.276599, 108.905146, 110.346014 ] }, { "date": "2025-04-04", "close": 110.333771, "volume": 79868, "typical_volume": 474150.6, "trend": 112.664354, "fair_value": 134.91515, "relative_strength": -4.365448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.13896, "energy": 20.418632, "activity_lines": [ 108.837591, 108.584338, 108.976357, 110.173823 ] }, { "date": "2025-04-11", "close": 107.099846, "volume": 1059264, "typical_volume": 503434.2, "trend": 112.144045, "fair_value": 134.732154, "relative_strength": -3.835835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.683777, "energy": 20.134448, "activity_lines": [ 108.561529, 108.286443, 108.758785, 109.814823 ] }, { "date": "2025-04-18", "close": 108.81192, "volume": 426040, "typical_volume": 485533.6, "trend": 111.668446, "fair_value": 134.562741, "relative_strength": -2.527048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.414701, "energy": 15.61683, "activity_lines": [ 108.710466, 108.340986, 108.717693, 109.599847 ] }, { "date": "2025-04-25", "close": 109.002159, "volume": 454070, "typical_volume": 483029.05, "trend": 111.180653, "fair_value": 134.396763, "relative_strength": -3.934581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.557543, "energy": 13.252954, "activity_lines": [ 108.78656, 108.46036, 108.695578, 109.427829 ] }, { "date": "2025-05-02", "close": 108.431458, "volume": 529993, "typical_volume": 490233.0, "trend": 110.785053, "fair_value": 134.229245, "relative_strength": -2.478824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.637338, "energy": 17.045928, "activity_lines": [ 108.60901, 108.489275, 108.642015, 109.250461 ] }, { "date": "2025-05-09", "close": 115.089539, "volume": 1668948, "typical_volume": 532758.7, "trend": 110.666998, "fair_value": 134.106555, "relative_strength": 5.146838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.580288, "energy": 20.429676, "activity_lines": [ 110.726913, 109.738948, 109.239348, 109.52817 ] }, { "date": "2025-05-16", "close": 116.230911, "volume": 1161209, "typical_volume": 569101.45, "trend": 110.537558, "fair_value": 133.924913, "relative_strength": 5.024646, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.60256, "energy": 46.253884, "activity_lines": [ 112.908222, 111.088658, 109.915467, 109.887132 ] }, { "date": "2025-05-23", "close": 114.518845, "volume": 438830, "typical_volume": 567328.35, "trend": 110.357229, "fair_value": 133.748649, "relative_strength": 6.186435, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.008711, "energy": 51.816983, "activity_lines": [ 113.910104, 111.921329, 110.390532, 110.143989 ] }, { "date": "2025-05-30", "close": 116.040688, "volume": 821282, "typical_volume": 584895.95, "trend": 110.412989, "fair_value": 133.697708, "relative_strength": 9.463338, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.623775, "energy": 69.012595, "activity_lines": [ 115.038806, 112.889776, 110.98157, 110.510664 ] }, { "date": "2025-06-06", "close": 113.948151, "volume": 9505334, "typical_volume": 1036652.25, "trend": 110.374283, "fair_value": 133.572299, "relative_strength": 7.394008, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.809869, "energy": 61.784629, "activity_lines": [ 115.00076, 113.332495, 111.350348, 110.738739 ] }, { "date": "2025-06-13", "close": 120.606224, "volume": 942022, "typical_volume": 1060693.65, "trend": 110.582227, "fair_value": 133.489569, "relative_strength": 15.201326, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.690513, "energy": 70.294337, "activity_lines": [ 116.814293, 114.906221, 112.332277, 111.398864 ] }, { "date": "2025-06-20", "close": 119.464844, "volume": 1257263, "typical_volume": 1106750.35, "trend": 110.900415, "fair_value": 133.377719, "relative_strength": 16.395177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.177512, "energy": 65.335698, "activity_lines": [ 117.879586, 116.085652, 113.151965, 111.971936 ] }, { "date": "2025-06-27", "close": 122.508537, "volume": 995971, "typical_volume": 1133483.55, "trend": 111.350952, "fair_value": 133.29192, "relative_strength": 14.231446, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.320641, "energy": 71.4578, "activity_lines": [ 119.743848, 117.593664, 114.213425, 112.720848 ] }, { "date": "2025-07-04", "close": 124.125488, "volume": 872435, "typical_volume": 1161675.0, "trend": 111.694741, "fair_value": 133.280812, "relative_strength": 13.75974, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.445189, "energy": 78.471431, "activity_lines": [ 121.614448, 119.146637, 115.371579, 113.545011 ] }, { "date": "2025-07-11", "close": 122.508537, "volume": 763314, "typical_volume": 1185461.1, "trend": 112.046419, "fair_value": 133.229902, "relative_strength": 11.821714, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.121355, "energy": 76.168681, "activity_lines": [ 122.407077, 120.130649, 116.307207, 114.242675 ] }, { "date": "2025-07-18", "close": 123.64991, "volume": 424818, "typical_volume": 1171472.45, "trend": 112.541181, "fair_value": 133.140517, "relative_strength": 15.340578, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.046059, "energy": 75.729259, "activity_lines": [ 123.009472, 121.066237, 117.287174, 114.991288 ] }, { "date": "2025-07-25", "close": 124.220612, "volume": 642952, "typical_volume": 1183198.05, "trend": 113.073502, "fair_value": 133.04934, "relative_strength": 16.205093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.984608, "energy": 66.523912, "activity_lines": [ 123.599188, 121.949946, 118.252579, 115.744799 ] }, { "date": "2025-08-01", "close": 117.752769, "volume": 749655, "typical_volume": 1191093.4, "trend": 113.38405, "fair_value": 132.902529, "relative_strength": 10.2264, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.904371, "energy": 40.972226, "activity_lines": [ 121.715906, 121.512416, 118.510065, 116.046688 ] }, { "date": "2025-08-08", "close": 117.182076, "volume": 631754, "typical_volume": 1194460.25, "trend": 113.582894, "fair_value": 132.716081, "relative_strength": 9.443191, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.655223, "energy": 28.033731, "activity_lines": [ 119.959443, 120.912325, 118.660891, 116.291722 ] }, { "date": "2025-08-15", "close": 111.790703, "volume": 1010992, "typical_volume": 1221800.7, "trend": 113.657634, "fair_value": 132.496164, "relative_strength": 5.271431, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.348791, "energy": 17.628227, "activity_lines": [ 116.868751, 119.311232, 118.254771, 116.176096 ] }, { "date": "2025-08-22", "close": 111.013023, "volume": 593585, "typical_volume": 1247486.55, "trend": 113.71263, "fair_value": 132.232013, "relative_strength": 4.19426, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.257659, "energy": 26.520101, "activity_lines": [ 114.233354, 117.607969, 117.764026, 116.005476 ] }, { "date": "2025-08-29", "close": 112.373955, "volume": 937691, "typical_volume": 1241407.9, "trend": 113.812991, "fair_value": 131.949329, "relative_strength": 6.726342, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.902296, "energy": 33.724533, "activity_lines": [ 112.89406, 116.32657, 117.399659, 115.91911 ] }, { "date": "2025-09-05", "close": 112.082329, "volume": 458694, "typical_volume": 1243040.6, "trend": 113.866558, "fair_value": 131.633353, "relative_strength": 7.097871, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.943814, "energy": 36.901053, "activity_lines": [ 112.247334, 115.121073, 116.982403, 115.807455 ] }, { "date": "2025-09-12", "close": 108.48558, "volume": 438135, "typical_volume": 1242243.85, "trend": 113.824949, "fair_value": 131.247952, "relative_strength": 5.66629, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.749992, "energy": 58.355821, "activity_lines": [ 110.779722, 113.45119, 116.207026, 115.460295 ] }, { "date": "2025-09-19", "close": 109.26326, "volume": 646385, "typical_volume": 1248063.45, "trend": 113.833977, "fair_value": 130.877472, "relative_strength": 3.200245, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.734547, "energy": 54.828999, "activity_lines": [ 110.151103, 112.207064, 115.508173, 115.165992 ] }, { "date": "2025-09-26", "close": 111.596283, "volume": 508869, "typical_volume": 1190059.5, "trend": 113.914594, "fair_value": 130.516428, "relative_strength": 0.511826, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.778339, "energy": 39.868493, "activity_lines": [ 110.468654, 111.627948, 115.027553, 115.021625 ] }, { "date": "2025-10-03", "close": 117.62326, "volume": 2043541, "typical_volume": 1234176.1, "trend": 114.33822, "fair_value": 130.129986, "relative_strength": 4.176263, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -4.638898, "energy": 14.010249, "activity_lines": [ 112.756313, 112.363803, 115.137565, 115.260894 ] }, { "date": "2025-10-10", "close": 117.62326, "volume": 614064, "typical_volume": 1242937.8, "trend": 114.70006, "fair_value": 129.824136, "relative_strength": 3.335126, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.950462, "energy": 10.33041, "activity_lines": [ 114.694019, 113.219609, 115.240946, 115.472832 ] }, { "date": "2025-10-17", "close": 117.62326, "volume": 852512, "typical_volume": 1244499.3, "trend": 115.019135, "fair_value": 129.530431, "relative_strength": 2.340653, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.315309, "energy": 19.898123, "activity_lines": [ 116.26233, 114.077771, 115.329545, 115.661425 ] }, { "date": "2025-10-24", "close": 115.873489, "volume": 483359, "typical_volume": 793400.55, "trend": 115.229156, "fair_value": 129.17362, "relative_strength": 1.577403, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.799867, "energy": 20.820966, "activity_lines": [ 116.638205, 114.60977, 115.243963, 115.716545 ] }, { "date": "2025-10-31", "close": 112.762794, "volume": 571136, "typical_volume": 774856.25, "trend": 115.310124, "fair_value": 128.814534, "relative_strength": -1.555168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.13615, "energy": 10.877321, "activity_lines": [ 115.536499, 114.501957, 114.852955, 115.557425 ] }, { "date": "2025-11-07", "close": 108.87442, "volume": 506943, "typical_volume": 737340.25, "trend": 115.369276, "fair_value": 128.401818, "relative_strength": -2.004562, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.944554, "energy": 29.109013, "activity_lines": [ 113.060902, 113.655352, 114.128976, 115.142218 ] }, { "date": "2025-11-14", "close": 105.666512, "volume": 1368676, "typical_volume": 755975.5, "trend": 115.264429, "fair_value": 127.981786, "relative_strength": -3.784656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.618751, "energy": 66.598963, "activity_lines": [ 110.099257, 112.289119, 113.149913, 114.516233 ] }, { "date": "2025-11-21", "close": 105.472092, "volume": 800718, "typical_volume": 752389.65, "trend": 115.14676, "fair_value": 127.546156, "relative_strength": -2.561208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.419324, "energy": 77.870308, "activity_lines": [ 107.869923, 111.004188, 112.232534, 113.88447 ] }, { "date": "2025-11-28", "close": 96.577446, "volume": 5799064, "typical_volume": 1004177.15, "trend": 114.751627, "fair_value": 127.084421, "relative_strength": -7.624391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.072081, "energy": 91.629537, "activity_lines": [ 103.485785, 108.156839, 110.556871, 112.686449 ] }, { "date": "2025-12-05", "close": 97.500938, "volume": 1447138, "typical_volume": 1055293.15, "trend": 114.16534, "fair_value": 126.637438, "relative_strength": -6.547438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.512673, "energy": 91.072721, "activity_lines": [ 100.69588, 105.708049, 109.092641, 111.573502 ] }, { "date": "2025-12-12", "close": 95.751167, "volume": 1088991, "typical_volume": 1077595.1, "trend": 113.482682, "fair_value": 126.239959, "relative_strength": -8.937193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.588566, "energy": 91.804687, "activity_lines": [ 98.340175, 103.197399, 107.586285, 110.38549 ] }, { "date": "2025-12-19", "close": 92.543259, "volume": 1540411, "typical_volume": 1117132.9, "trend": 112.750162, "fair_value": 125.8451, "relative_strength": -9.698242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.474142, "energy": 93.104767, "activity_lines": [ 95.790051, 100.501166, 105.909983, 109.03456 ] }, { "date": "2025-12-26", "close": 92.834885, "volume": 571490, "typical_volume": 1114119.7, "trend": 111.976635, "fair_value": 125.532704, "relative_strength": -10.011775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.639506, "energy": 88.715488, "activity_lines": [ 94.212019, 98.313956, 104.3815, 107.749703 ] }, { "date": "2026-01-02", "close": 93.758369, "volume": 607809, "typical_volume": 1093960.55, "trend": 111.303643, "fair_value": 125.195314, "relative_strength": -9.301868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.300508, "energy": 85.225567, "activity_lines": [ 93.784296, 96.745351, 103.056907, 106.574331 ] }, { "date": "2026-01-09", "close": 89.52977, "volume": 959809, "typical_volume": 1112271.75, "trend": 110.267761, "fair_value": 124.827507, "relative_strength": -12.6547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.494157, "energy": 85.304555, "activity_lines": [ 92.134978, 94.810002, 101.415459, 105.169565 ] }, { "date": "2026-01-16", "close": 89.286743, "volume": 1068963, "typical_volume": 1118835.35, "trend": 109.261824, "fair_value": 124.476909, "relative_strength": -15.556768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.09045, "energy": 76.5672, "activity_lines": [ 90.936062, 93.252885, 99.853166, 103.815951 ] }, { "date": "2026-01-23", "close": 90.599068, "volume": 1082094, "typical_volume": 1150005.35, "trend": 108.198175, "fair_value": 124.115956, "relative_strength": -16.624594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.414011, "energy": 65.901147, "activity_lines": [ 90.60555, 92.290512, 98.525796, 102.611902 ] }, { "date": "2026-01-30", "close": 95.799774, "volume": 1842610, "typical_volume": 1220229.1, "trend": 107.253985, "fair_value": 123.747492, "relative_strength": -13.696702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.467432, "energy": 60.343301, "activity_lines": [ 92.138219, 92.547676, 97.796032, 101.812006 ] }, { "date": "2026-02-06", "close": 98.08419, "volume": 1285794, "typical_volume": 1252199.55, "trend": 106.43984, "fair_value": 123.399193, "relative_strength": -10.090709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.239753, "energy": 43.094189, "activity_lines": [ 94.2347, 93.396048, 97.34424, 101.220406 ] }, { "date": "2026-02-13", "close": 96.771866, "volume": 691852, "typical_volume": 1261348.7, "trend": 105.543905, "fair_value": 122.9928, "relative_strength": -11.745756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.794553, "energy": 28.860834, "activity_lines": [ 95.605353, 93.978421, 96.820699, 100.596666 ] }, { "date": "2026-02-20", "close": 93.466751, "volume": 503485, "typical_volume": 1184345.9, "trend": 104.518776, "fair_value": 122.549765, "relative_strength": -12.343522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.284833, "energy": 27.073011, "activity_lines": [ 95.391494, 93.97312, 96.052977, 99.817494 ] }, { "date": "2026-02-27", "close": 96.723259, "volume": 1774180, "typical_volume": 1242351.7, "trend": 103.817793, "fair_value": 122.148582, "relative_strength": -7.274967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.476588, "energy": 24.17616, "activity_lines": [ 95.98447, 94.601445, 95.71043, 99.314558 ] }, { "date": "2026-03-06", "close": 95.167908, "volume": 676337, "typical_volume": 1233542.95, "trend": 103.083987, "fair_value": 121.720868, "relative_strength": -9.326413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.959916, "energy": 22.511872, "activity_lines": [ 95.650717, 94.87098, 95.319278, 98.756501 ] }, { "date": "2026-03-13", "close": 103.527908, "volume": 1381212, "typical_volume": 1278435.6, "trend": 102.808561, "fair_value": 121.415192, "relative_strength": -2.496914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.233237, "energy": 9.863562, "activity_lines": [ 98.145754, 96.618096, 95.831247, 98.785141 ] }, { "date": "2026-03-20", "close": 100.708839, "volume": 421872, "typical_volume": 1270972.4, "trend": 102.465088, "fair_value": 121.091444, "relative_strength": -5.613415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.885283, "energy": 15.536779, "activity_lines": [ 99.338188, 97.675026, 96.133522, 98.649675 ] }, { "date": "2026-03-27", "close": 102.750229, "volume": 663615, "typical_volume": 1278806.0, "trend": 102.144297, "fair_value": 120.746559, "relative_strength": -4.979818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.595908, "energy": 21.446172, "activity_lines": [ 100.94862, 98.899862, 96.687614, 98.668071 ] }, { "date": "2026-04-03", "close": 105.800003, "volume": 781060, "typical_volume": 1249425.2, "trend": 101.934886, "fair_value": 120.402455, "relative_strength": -3.725159, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.322866, "energy": 45.646445, "activity_lines": [ 102.956745, 100.434412, 97.561324, 98.903923 ] }, { "date": "2026-04-10", "close": 105.0, "volume": 371208, "typical_volume": 1227949.7, "trend": 101.8187, "fair_value": 120.12388, "relative_strength": -5.072952, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.324146, "energy": 52.006343, "activity_lines": [ 104.093086, 101.547126, 98.358208, 99.101672 ] }, { "date": "2026-04-17", "close": 107.699997, "volume": 865743, "typical_volume": 981283.65, "trend": 101.766591, "fair_value": 119.777222, "relative_strength": -4.391682, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.326569, "energy": 55.88321, "activity_lines": [ 105.473953, 102.983472, 99.414482, 99.481111 ] }, { "date": "2026-04-24", "close": 102.5, "volume": 482070, "typical_volume": 933030.25, "trend": 101.463382, "fair_value": 119.429813, "relative_strength": -5.359339, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.233773, "energy": 40.143679, "activity_lines": [ 104.843348, 103.299531, 99.922554, 99.528428 ] }, { "date": "2026-05-01", "close": 105.0, "volume": 433943, "typical_volume": 900277.85, "trend": 101.042607, "fair_value": 119.11079, "relative_strength": -3.726081, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.420084, "energy": 31.654345, "activity_lines": [ 104.926666, 103.965987, 100.644916, 99.756597 ] }, { "date": "2026-05-08", "close": 101.5, "volume": 413743, "typical_volume": 843944.45, "trend": 100.505165, "fair_value": 118.756971, "relative_strength": -5.443466, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.940234, "energy": 19.725438, "activity_lines": [ 103.693333, 103.786385, 100.989902, 99.786106 ] }, { "date": "2026-05-15", "close": 98.599998, "volume": 872354, "typical_volume": 858987.65, "trend": 99.871056, "fair_value": 118.382316, "relative_strength": -7.634907, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.035721, "energy": 8.815711, "activity_lines": [ 101.779999, 102.992659, 101.016047, 99.663192 ] }, { "date": "2026-05-22", "close": 98.449997, "volume": 568860, "typical_volume": 857040.2, "trend": 99.290273, "fair_value": 117.992093, "relative_strength": -7.805093, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 21.862448, "energy": 18.230625, "activity_lines": [ 100.243332, 102.109259, 101.000453, 99.571511 ] }, { "date": "2026-05-29", "close": 98.449997, "volume": 0, "typical_volume": 809049.75, "trend": 98.813179, "fair_value": 117.615352, "relative_strength": -7.505551, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.972734, "energy": 20.133774, "activity_lines": [ 99.323331, 101.318185, 100.962518, 99.517299 ] }, { "date": "2026-06-05", "close": 96.449997, "volume": 461552, "typical_volume": 778679.2, "trend": 98.399032, "fair_value": 117.230285, "relative_strength": -8.791847, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.501868, "energy": 27.467428, "activity_lines": [ 98.006664, 100.204544, 100.69163, 99.364836 ] }, { "date": "2026-06-12", "close": 94.199997, "volume": 653059, "typical_volume": 757227.45, "trend": 98.016815, "fair_value": 116.862255, "relative_strength": -10.873508, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.47519, "energy": 48.937938, "activity_lines": [ 96.509997, 98.796361, 100.172345, 99.09393 ] }, { "date": "2026-06-19", "close": 95.5, "volume": 612707, "typical_volume": 695732.3, "trend": 97.684412, "fair_value": 116.510423, "relative_strength": -9.80213, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.05595, "energy": 50.988759, "activity_lines": [ 95.933331, 97.835453, 99.759722, 98.931555 ] }, { "date": "2026-06-26", "close": 94.050003, "volume": 304542, "typical_volume": 646669.7, "trend": 97.600164, "fair_value": 116.140308, "relative_strength": -9.192642, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.715543, "energy": 59.082499, "activity_lines": [ 95.08, 96.783635, 99.210432, 98.697077 ] }, { "date": "2026-07-03", "close": 93.699997, "volume": 439043, "typical_volume": 634029.25, "trend": 97.473466, "fair_value": 115.753342, "relative_strength": -8.19838, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.461044, "energy": 60.685378, "activity_lines": [ 94.403333, 95.916362, 98.647019, 98.445454 ] }, { "date": "2026-07-10", "close": 91.900002, "volume": 409567, "typical_volume": 629333.35, "trend": 97.345094, "fair_value": 115.387422, "relative_strength": -9.370871, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.06775, "energy": 65.913456, "activity_lines": [ 93.443334, 94.881817, 97.926805, 98.085875 ] }, { "date": "2026-07-17", "close": 90.949997, "volume": 458389, "typical_volume": 563543.8, "trend": 97.291985, "fair_value": 114.998558, "relative_strength": -9.057618, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.090465, "energy": 73.226452, "activity_lines": [ 92.469999, 93.912726, 97.123576, 97.673288 ] }, { "date": "2026-07-24", "close": 91.150002, "volume": 563294, "typical_volume": 557891.65, "trend": 97.235822, "fair_value": 114.597494, "relative_strength": -8.927625, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.338074, "energy": 74.535228, "activity_lines": [ 91.78, 93.171818, 96.366886, 97.277031 ] }, { "date": "2026-07-31", "close": 95.050003, "volume": 918158, "typical_volume": 534738.95, "trend": 97.278876, "fair_value": 114.204577, "relative_strength": -2.763769, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -64.426666, "energy": 67.077591, "activity_lines": [ 92.680001, 93.275455, 96.000758, 97.136011 ] }, { "date": "2026-08-07", "close": 95.199997, "volume": 630557, "typical_volume": 545173.2, "trend": 97.467884, "fair_value": 113.820485, "relative_strength": -4.488446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.84533, "energy": 42.552507, "activity_lines": [ 93.563333, 93.468182, 95.689286, 97.00189 ] } ], "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." } } }