{ "ticker": { "uuid": "64c886e1-b3bf-4b21-9b30-b7b3681e586d", "symbol": "USHAMART", "name": "Usha Martin Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 64.926, "architecture_energy": 41.982, "architecture_maturity": 47.823, "architecture_confidence": 76.265, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 18.2, "rotation_up": 46.33, "upward_expansion": 76.57, "deceleration": 66.59, "rotation_down": 25.23, "downward_expansion": 5.57 }, "activity_lines": [ 503.07667, 499.673637, 489.719285, 473.777848 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 515.049988, "trend_reference": 453.611665, "distance_from_trend": 0.135443, "trend_direction": "Improving", "fair_value": 374.793316, "distance_from_fair_value": 0.374224, "fair_value_direction": "Improving", "relative_strength": 16.477683, "relative_strength_direction": "Weakening", "price_momentum": 0.235576, "excess_performance": 0.279285, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.135443, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039937, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.374224, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.048994, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.164777, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.039985, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.235576, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.979828, "read": "Demand-led" } ], "volume": { "latest": 2699567, "relative_activity": 1.047319, "balance": 2.979828, "dry_up": 1.085037, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.055723, "annualized_volatility": 0.251335, "from_high_reference": -0.022676, "from_low_reference": 0.543915 }, "levels": { "trend_reference": 453.611665, "fair_value_reference": 374.793316, "structural_low": 380.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.005459, "positive_rate": 0.542857, "directional_follow_through": 0.542857, "median_excess_return": 0.004106, "regime_survival": 0.714286, "best_return": 0.306199, "worst_return": -0.143252, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.025496, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": 0.068, "regime_survival": 0.642857, "best_return": 0.668796, "worst_return": -0.128252, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.157641, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.129146, "regime_survival": 0.5, "best_return": 0.841124, "worst_return": -0.224245, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.695939, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.601644, "regime_survival": 0.5, "best_return": 1.520073, "worst_return": 0.113972, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": -0.136169, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-06-20", "tenure": "Established", "return": 0.031097, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.041485, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": -0.007423, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": -0.038028, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.01313, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-11-21", "tenure": "Developing", "return": 0.116333, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-06", "tenure": "Developing", "return": -0.025824, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.023233, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-03-06", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": 0.081708, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.006684, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": 0.070213, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.0038, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 335.086273, "volume": 3448542, "typical_volume": 5065096.4, "trend": 238.273149, "fair_value": 111.73264, "relative_strength": 61.348181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.208834, "energy": 80.395776, "activity_lines": [ 329.021962, 314.941834, 285.947813, 265.255518 ] }, { "date": "2023-08-25", "close": 342.222046, "volume": 4305053, "typical_volume": 5111662.8, "trend": 243.811489, "fair_value": 113.748895, "relative_strength": 62.255773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.294525, "energy": 70.566315, "activity_lines": [ 333.980593, 322.287685, 293.523698, 271.961899 ] }, { "date": "2023-09-01", "close": 352.507355, "volume": 3920060, "typical_volume": 4992825.2, "trend": 249.643832, "fair_value": 115.838476, "relative_strength": 62.67916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.294783, "energy": 71.268374, "activity_lines": [ 340.870329, 330.335972, 301.491681, 278.974535 ] }, { "date": "2023-09-08", "close": 350.883392, "volume": 4462798, "typical_volume": 4910542.95, "trend": 255.155046, "fair_value": 117.921962, "relative_strength": 56.0666, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.808736, "energy": 69.103074, "activity_lines": [ 345.735783, 336.464413, 308.647869, 285.50612 ] }, { "date": "2023-09-15", "close": 341.582245, "volume": 12887220, "typical_volume": 5323580.55, "trend": 260.616706, "fair_value": 119.955684, "relative_strength": 46.725056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.499339, "energy": 64.4372, "activity_lines": [ 345.899815, 339.32444, 314.256741, 291.082068 ] }, { "date": "2023-09-22", "close": 320.765472, "volume": 2022322, "typical_volume": 5077953.45, "trend": 265.438199, "fair_value": 121.857814, "relative_strength": 39.274301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.378989, "energy": 53.996118, "activity_lines": [ 338.002885, 337.185005, 317.248187, 294.962634 ] }, { "date": "2023-09-29", "close": 338.383453, "volume": 2220945, "typical_volume": 4929930.2, "trend": 270.817653, "fair_value": 123.873188, "relative_strength": 44.751887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.598032, "energy": 42.36831, "activity_lines": [ 336.933335, 337.8967, 321.462722, 299.668779 ] }, { "date": "2023-10-06", "close": 329.426849, "volume": 970925, "typical_volume": 4770558.05, "trend": 275.014532, "fair_value": 125.846862, "relative_strength": 38.673488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.764771, "energy": 32.855198, "activity_lines": [ 333.134157, 336.641352, 324.290424, 303.450017 ] }, { "date": "2023-10-13", "close": 317.861969, "volume": 1213259, "typical_volume": 4674673.3, "trend": 278.736373, "fair_value": 127.752256, "relative_strength": 31.370775, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.544184, "energy": 23.285579, "activity_lines": [ 327.018719, 333.298499, 325.537396, 306.214368 ] }, { "date": "2023-10-20", "close": 305.854156, "volume": 2122525, "typical_volume": 4581730.4, "trend": 282.084002, "fair_value": 129.576055, "relative_strength": 26.144744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.704768, "energy": 19.071429, "activity_lines": [ 319.102105, 327.936151, 325.182104, 307.963903 ] }, { "date": "2023-10-27", "close": 289.909363, "volume": 6223644, "typical_volume": 4566805.9, "trend": 284.763383, "fair_value": 131.302882, "relative_strength": 21.198989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.330709, "energy": 15.096388, "activity_lines": [ 308.252433, 320.01834, 322.937012, 308.468765 ] }, { "date": "2023-11-03", "close": 281.838593, "volume": 4248165, "typical_volume": 4340191.25, "trend": 286.862784, "fair_value": 132.972119, "relative_strength": 15.456415, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.139006, "energy": 24.374282, "activity_lines": [ 296.769578, 311.454515, 319.742617, 308.280068 ] }, { "date": "2023-11-10", "close": 305.755737, "volume": 2860177, "typical_volume": 4377686.45, "trend": 289.904318, "fair_value": 134.780498, "relative_strength": 22.412656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.27064, "energy": 20.032288, "activity_lines": [ 297.028762, 308.337143, 318.807779, 309.498969 ] }, { "date": "2023-11-17", "close": 310.529297, "volume": 1871745, "typical_volume": 4347335.15, "trend": 293.189629, "fair_value": 136.604379, "relative_strength": 20.804704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.883612, "energy": 16.676161, "activity_lines": [ 300.457206, 306.93772, 318.124708, 310.829613 ] }, { "date": "2023-11-24", "close": 328.245728, "volume": 3700966, "typical_volume": 4136882.65, "trend": 297.189218, "fair_value": 138.553843, "relative_strength": 25.534777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.135121, "energy": 14.207534, "activity_lines": [ 310.279973, 309.493177, 318.907977, 313.091296 ] }, { "date": "2023-12-01", "close": 323.718201, "volume": 2241076, "typical_volume": 3833299.75, "trend": 300.471333, "fair_value": 140.468738, "relative_strength": 19.355369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.183393, "energy": 19.722886, "activity_lines": [ 317.100792, 311.46793, 319.005452, 314.802844 ] }, { "date": "2023-12-08", "close": 311.021454, "volume": 1056917, "typical_volume": 3680210.2, "trend": 303.296035, "fair_value": 142.305634, "relative_strength": 9.598423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.788352, "energy": 18.690626, "activity_lines": [ 317.435439, 311.080497, 317.787425, 315.483497 ] }, { "date": "2023-12-15", "close": 297.783356, "volume": 5355226, "typical_volume": 3579457.25, "trend": 305.596437, "fair_value": 144.038874, "relative_strength": 1.570869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.518716, "energy": 11.604438, "activity_lines": [ 311.411863, 308.783628, 315.35025, 315.12784 ] }, { "date": "2023-12-22", "close": 304.82074, "volume": 4745557, "typical_volume": 3700180.85, "trend": 308.372368, "fair_value": 145.80675, "relative_strength": 3.563453, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.224087, "energy": 10.368289, "activity_lines": [ 308.265574, 308.34162, 313.737966, 315.077795 ] }, { "date": "2023-12-29", "close": 291.779449, "volume": 2413679, "typical_volume": 3614540.05, "trend": 310.501944, "fair_value": 147.448508, "relative_strength": -3.168591, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.167141, "energy": 33.271346, "activity_lines": [ 301.152759, 305.765581, 310.98864, 314.007284 ] }, { "date": "2024-01-05", "close": 305.657288, "volume": 4205717, "typical_volume": 3652398.8, "trend": 312.291495, "fair_value": 149.190318, "relative_strength": 0.919246, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.343944, "energy": 30.463344, "activity_lines": [ 301.096975, 305.96869, 309.718024, 313.694726 ] }, { "date": "2024-01-12", "close": 315.401367, "volume": 4997622, "typical_volume": 3687027.25, "trend": 313.538106, "fair_value": 151.009072, "relative_strength": 2.625955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.831123, "energy": 15.595914, "activity_lines": [ 305.493278, 307.657123, 309.515554, 313.895363 ] }, { "date": "2024-01-19", "close": 335.135468, "volume": 8398272, "typical_volume": 3910937.85, "trend": 315.937443, "fair_value": 152.964495, "relative_strength": 9.727645, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.940105, "energy": 9.212401, "activity_lines": [ 316.175621, 312.323342, 311.320239, 315.288741 ] }, { "date": "2024-01-26", "close": 347.930664, "volume": 5994598, "typical_volume": 3987527.85, "trend": 318.730726, "fair_value": 155.011182, "relative_strength": 14.376445, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.521188, "energy": 27.302293, "activity_lines": [ 328.632888, 318.781784, 314.426238, 317.352819 ] }, { "date": "2024-02-02", "close": 353.540833, "volume": 6853564, "typical_volume": 3685845.05, "trend": 321.356104, "fair_value": 157.073495, "relative_strength": 12.607694, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.946063, "energy": 45.999408, "activity_lines": [ 340.086216, 325.580231, 318.080599, 319.598633 ] }, { "date": "2024-02-09", "close": 327.015442, "volume": 5172200, "typical_volume": 3843338.95, "trend": 322.210023, "fair_value": 158.984261, "relative_strength": 3.857396, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.946447, "energy": 40.801457, "activity_lines": [ 338.580322, 327.09597, 319.151786, 319.963751 ] }, { "date": "2024-02-16", "close": 310.923004, "volume": 3203789, "typical_volume": 3892481.15, "trend": 321.915387, "fair_value": 160.794951, "relative_strength": -2.952733, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.504945, "energy": 24.432172, "activity_lines": [ 330.286406, 325.62586, 318.660599, 319.235557 ] }, { "date": "2024-02-23", "close": 328.196533, "volume": 8087658, "typical_volume": 4248317.8, "trend": 321.846507, "fair_value": 162.712672, "relative_strength": 1.018587, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.425914, "energy": 13.042946, "activity_lines": [ 328.048889, 327.298182, 319.945274, 319.640792 ] }, { "date": "2024-03-01", "close": 317.123779, "volume": 6091841, "typical_volume": 4492246.9, "trend": 321.521706, "fair_value": 164.527986, "relative_strength": -3.465357, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.606548, "energy": 5.818548, "activity_lines": [ 322.58305, 326.40431, 320.181259, 319.3361 ] }, { "date": "2024-03-08", "close": 303.34433, "volume": 4878533, "typical_volume": 4630047.3, "trend": 320.808128, "fair_value": 166.270376, "relative_strength": -8.510506, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.157568, "energy": 13.996683, "activity_lines": [ 314.577854, 322.781391, 319.108431, 318.163366 ] }, { "date": "2024-03-15", "close": 278.935059, "volume": 5680957, "typical_volume": 4602912.95, "trend": 318.936421, "fair_value": 167.849209, "relative_strength": -14.14422, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.93255, "energy": 36.067636, "activity_lines": [ 301.782668, 314.510152, 315.722862, 315.461878 ] }, { "date": "2024-03-22", "close": 294.387726, "volume": 4096724, "typical_volume": 4595340.9, "trend": 317.341943, "fair_value": 169.536649, "relative_strength": -9.82992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.454937, "energy": 46.816997, "activity_lines": [ 297.34373, 309.534348, 313.861235, 313.878091 ] }, { "date": "2024-03-29", "close": 313.235992, "volume": 2451537, "typical_volume": 4574908.9, "trend": 316.032898, "fair_value": 171.319338, "relative_strength": -5.287347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.567411, "energy": 37.59668, "activity_lines": [ 300.289899, 308.367568, 313.734922, 313.613191 ] }, { "date": "2024-04-05", "close": 330.411072, "volume": 3528529, "typical_volume": 4657748.1, "trend": 315.350487, "fair_value": 173.18655, "relative_strength": -1.210415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.256358, "energy": 15.918373, "activity_lines": [ 309.958464, 310.721702, 315.208712, 314.540815 ] }, { "date": "2024-04-12", "close": 338.531097, "volume": 4730106, "typical_volume": 4709205.1, "trend": 315.248782, "fair_value": 175.117522, "relative_strength": 0.800221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.702872, "energy": 15.553848, "activity_lines": [ 321.447884, 314.870742, 317.361161, 316.036338 ] }, { "date": "2024-04-19", "close": 356.198303, "volume": 5466763, "typical_volume": 4870489.45, "trend": 316.429877, "fair_value": 177.165134, "relative_strength": 7.283058, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.752916, "energy": 43.978834, "activity_lines": [ 336.480589, 322.504905, 321.147224, 318.678243 ] }, { "date": "2024-04-26", "close": 362.694305, "volume": 3347081, "typical_volume": 4984997.65, "trend": 317.240238, "fair_value": 179.192764, "relative_strength": 7.269934, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.459593, "energy": 66.064776, "activity_lines": [ 348.527744, 330.789563, 325.397287, 321.663044 ] }, { "date": "2024-05-03", "close": 365.40097, "volume": 15076872, "typical_volume": 5471079.95, "trend": 318.439376, "fair_value": 181.198922, "relative_strength": 7.283026, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.113714, "energy": 71.086521, "activity_lines": [ 356.92335, 338.625045, 329.659066, 324.770188 ] }, { "date": "2024-05-10", "close": 336.365753, "volume": 4960845, "typical_volume": 5481844.35, "trend": 319.056169, "fair_value": 183.042065, "relative_strength": 0.273239, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.812207, "energy": 63.255057, "activity_lines": [ 352.162884, 340.504952, 330.833597, 325.926729 ] }, { "date": "2024-05-17", "close": 347.04483, "volume": 3412316, "typical_volume": 5531776.2, "trend": 320.429191, "fair_value": 184.936409, "relative_strength": 1.196053, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.311595, "energy": 46.973474, "activity_lines": [ 350.565132, 343.976655, 332.87497, 327.732449 ] }, { "date": "2024-05-24", "close": 349.849945, "volume": 3368536, "typical_volume": 5489917.15, "trend": 322.427211, "fair_value": 186.87246, "relative_strength": -0.576616, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.450449, "energy": 33.663362, "activity_lines": [ 349.334837, 347.163825, 334.920327, 329.630562 ] }, { "date": "2024-05-31", "close": 358.904968, "volume": 5114799, "typical_volume": 5495776.0, "trend": 324.99609, "fair_value": 188.866247, "relative_strength": 3.455376, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.803486, "energy": 32.147035, "activity_lines": [ 351.546106, 350.708001, 337.617627, 331.983966 ] }, { "date": "2024-06-07", "close": 357.379395, "volume": 4997721, "typical_volume": 5325748.45, "trend": 326.716878, "fair_value": 190.840088, "relative_strength": -0.563493, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.623214, "energy": 31.862162, "activity_lines": [ 353.501473, 352.80176, 339.962473, 334.073211 ] }, { "date": "2024-06-14", "close": 395.764954, "volume": 13488192, "typical_volume": 5700428.15, "trend": 329.558067, "fair_value": 193.050438, "relative_strength": 9.008387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.013403, "energy": 51.348937, "activity_lines": [ 368.786798, 361.072104, 345.857164, 338.527926 ] }, { "date": "2024-06-21", "close": 398.668488, "volume": 5735168, "typical_volume": 5644508.35, "trend": 331.905492, "fair_value": 195.263686, "relative_strength": 9.253156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.052801, "energy": 66.151778, "activity_lines": [ 381.080021, 368.68211, 351.8006, 342.986663 ] }, { "date": "2024-06-28", "close": 381.739441, "volume": 3752803, "typical_volume": 5573538.5, "trend": 333.839533, "fair_value": 197.374885, "relative_strength": 2.124026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.14735, "energy": 61.807256, "activity_lines": [ 384.288652, 372.120701, 355.916852, 346.201756 ] }, { "date": "2024-07-05", "close": 404.721588, "volume": 5207723, "typical_volume": 5673735.2, "trend": 336.962871, "fair_value": 199.631557, "relative_strength": 6.558711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.142724, "energy": 69.899002, "activity_lines": [ 393.032031, 379.27348, 361.961289, 350.774792 ] }, { "date": "2024-07-12", "close": 377.261139, "volume": 5437088, "typical_volume": 5541206.7, "trend": 339.612131, "fair_value": 201.705114, "relative_strength": -1.393125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.910153, "energy": 45.928297, "activity_lines": [ 389.567487, 380.669317, 364.943785, 353.37468 ] }, { "date": "2024-07-19", "close": 363.777008, "volume": 2597314, "typical_volume": 5366480.35, "trend": 341.57734, "fair_value": 203.614281, "relative_strength": -4.869028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.979423, "energy": 31.910731, "activity_lines": [ 380.282782, 379.397855, 366.408438, 354.933705 ] }, { "date": "2024-07-26", "close": 366.729736, "volume": 4285453, "typical_volume": 5336826.35, "trend": 344.075683, "fair_value": 205.550386, "relative_strength": -5.03114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.862678, "energy": 22.238942, "activity_lines": [ 374.11485, 378.164866, 367.932144, 356.55644 ] }, { "date": "2024-08-02", "close": 364.12146, "volume": 4323508, "typical_volume": 5268953.9, "trend": 346.024488, "fair_value": 207.471004, "relative_strength": -5.022788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.672179, "energy": 18.640402, "activity_lines": [ 369.206742, 376.099738, 368.905608, 357.849716 ] }, { "date": "2024-08-09", "close": 344.44519, "volume": 3375047, "typical_volume": 5232870.05, "trend": 346.992616, "fair_value": 209.238377, "relative_strength": -8.571459, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.029887, "energy": 16.093789, "activity_lines": [ 358.91441, 370.197623, 367.599492, 357.747826 ] }, { "date": "2024-08-16", "close": 324.306244, "volume": 5499047, "typical_volume": 5385245.55, "trend": 346.631642, "fair_value": 210.911472, "relative_strength": -14.083973, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.796423, "energy": 24.92939, "activity_lines": [ 345.927523, 360.896788, 364.137012, 356.284189 ] }, { "date": "2024-08-23", "close": 330.209045, "volume": 8635956, "typical_volume": 5640616.9, "trend": 346.040921, "fair_value": 212.605459, "relative_strength": -13.028936, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.535435, "energy": 30.859122, "activity_lines": [ 338.438562, 353.270519, 361.183989, 355.224666 ] }, { "date": "2024-08-30", "close": 328.720947, "volume": 4482896, "typical_volume": 5628256.4, "trend": 345.213591, "fair_value": 214.300075, "relative_strength": -14.28607, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.621444, "energy": 39.792998, "activity_lines": [ 332.691432, 346.565612, 358.090203, 354.107249 ] }, { "date": "2024-09-06", "close": 348.165436, "volume": 7618636, "typical_volume": 5735850.05, "trend": 345.918591, "fair_value": 216.128271, "relative_strength": -7.38114, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.064444, "energy": 38.984859, "activity_lines": [ 335.959719, 344.66784, 356.894989, 354.29769 ] }, { "date": "2024-09-13", "close": 356.994812, "volume": 5555921, "typical_volume": 5846292.05, "trend": 347.454318, "fair_value": 217.975474, "relative_strength": -6.584304, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.144347, "energy": 16.549501, "activity_lines": [ 343.234865, 344.985846, 356.57892, 355.012285 ] }, { "date": "2024-09-20", "close": 342.312225, "volume": 4012865, "typical_volume": 5293091.7, "trend": 347.924841, "fair_value": 219.686655, "relative_strength": -11.593262, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.786197, "energy": 7.719417, "activity_lines": [ 344.779175, 343.502051, 354.891649, 354.680537 ] }, { "date": "2024-09-27", "close": 352.133698, "volume": 3086858, "typical_volume": 5199392.35, "trend": 349.091839, "fair_value": 221.405024, "relative_strength": -9.968713, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.510524, "energy": 8.746221, "activity_lines": [ 348.39691, 344.439412, 354.249703, 354.952076 ] }, { "date": "2024-10-04", "close": 346.082092, "volume": 2592838, "typical_volume": 5158418.45, "trend": 350.516431, "fair_value": 223.059952, "relative_strength": -7.047151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.086977, "energy": 8.036165, "activity_lines": [ 348.535799, 344.488178, 352.956328, 354.757899 ] }, { "date": "2024-10-11", "close": 418.750885, "volume": 47866966, "typical_volume": 7383339.95, "trend": 355.176958, "fair_value": 225.189024, "relative_strength": 12.598502, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 53.98988, "energy": 34.196697, "activity_lines": [ 371.74021, 358.124863, 358.588375, 359.160122 ] }, { "date": "2024-10-18", "close": 425.596161, "volume": 32898722, "typical_volume": 8772536.1, "trend": 359.550573, "fair_value": 227.381388, "relative_strength": 14.728357, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.082367, "energy": 69.291632, "activity_lines": [ 392.520683, 372.012882, 364.544254, 363.703296 ] }, { "date": "2024-10-25", "close": 381.350006, "volume": 5866249, "typical_volume": 8815962.5, "trend": 361.82104, "fair_value": 229.28396, "relative_strength": 5.588239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.820101, "energy": 59.790682, "activity_lines": [ 393.979014, 376.380673, 365.968635, 365.109711 ] }, { "date": "2024-11-01", "close": 424.752899, "volume": 7769951, "typical_volume": 8530050.45, "trend": 364.965767, "fair_value": 231.439182, "relative_strength": 16.584398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.511872, "energy": 72.494686, "activity_lines": [ 407.302458, 387.60274, 371.41248, 369.169831 ] }, { "date": "2024-11-08", "close": 394.147644, "volume": 5891484, "typical_volume": 8537866.25, "trend": 366.819652, "fair_value": 233.376032, "relative_strength": 8.802316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.840983, "energy": 59.95385, "activity_lines": [ 405.582869, 391.541236, 373.803501, 371.052533 ] }, { "date": "2024-11-15", "close": 377.778564, "volume": 3524114, "typical_volume": 8526431.8, "trend": 367.538994, "fair_value": 235.246775, "relative_strength": 6.967961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.143887, "energy": 31.597269, "activity_lines": [ 395.202551, 391.31396, 374.65709, 371.75956 ] }, { "date": "2024-11-22", "close": 389.782562, "volume": 2214486, "typical_volume": 8376769.95, "trend": 368.441936, "fair_value": 237.220965, "relative_strength": 8.676584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.233464, "energy": 25.150718, "activity_lines": [ 391.555053, 392.730808, 376.672778, 373.194628 ] }, { "date": "2024-11-29", "close": 376.588104, "volume": 3322443, "typical_volume": 8271037.7, "trend": 368.814841, "fair_value": 239.106878, "relative_strength": 4.072624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.356981, "energy": 17.068756, "activity_lines": [ 385.896976, 391.152522, 377.502989, 373.720188 ] }, { "date": "2024-12-06", "close": 404.365936, "volume": 4038330, "typical_volume": 8343088.5, "trend": 371.081513, "fair_value": 241.143431, "relative_strength": 9.056274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.608283, "energy": 18.802229, "activity_lines": [ 389.815637, 394.001554, 380.981913, 376.013807 ] }, { "date": "2024-12-13", "close": 392.709167, "volume": 2399460, "typical_volume": 8248788.85, "trend": 372.603658, "fair_value": 243.099715, "relative_strength": 5.259151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.722735, "energy": 18.133984, "activity_lines": [ 391.207839, 393.781496, 383.157387, 377.409139 ] }, { "date": "2024-12-20", "close": 368.899597, "volume": 2730151, "typical_volume": 8169121.0, "trend": 373.238646, "fair_value": 244.911692, "relative_strength": 3.647027, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.866269, "energy": 11.334401, "activity_lines": [ 384.759415, 388.38466, 382.941572, 377.170168 ] }, { "date": "2024-12-27", "close": 380.605957, "volume": 7738961, "typical_volume": 8387316.7, "trend": 373.962013, "fair_value": 246.796246, "relative_strength": 5.577701, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.786335, "energy": 12.235868, "activity_lines": [ 382.805043, 386.022641, 383.817896, 377.645478 ] }, { "date": "2025-01-03", "close": 364.633698, "volume": 2726269, "typical_volume": 8248677.8, "trend": 374.203823, "fair_value": 248.56917, "relative_strength": 0.199344, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.538736, "energy": 8.270755, "activity_lines": [ 376.138359, 381.574578, 383.000858, 377.043651 ] }, { "date": "2025-01-10", "close": 342.163422, "volume": 3713405, "typical_volume": 8002550.25, "trend": 372.417105, "fair_value": 250.173712, "relative_strength": -3.699153, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.817147, "energy": 25.567902, "activity_lines": [ 362.778542, 373.344944, 379.851758, 374.976529 ] }, { "date": "2025-01-17", "close": 347.520569, "volume": 3406919, "typical_volume": 7948751.4, "trend": 370.712174, "fair_value": 251.843099, "relative_strength": -1.163589, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.649679, "energy": 37.225461, "activity_lines": [ 355.351276, 367.590962, 377.155937, 373.3703 ] }, { "date": "2025-01-24", "close": 332.441193, "volume": 1892215, "typical_volume": 7662430.35, "trend": 369.068899, "fair_value": 253.434926, "relative_strength": -4.768342, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.099367, "energy": 50.874924, "activity_lines": [ 345.910124, 359.943042, 372.934462, 370.901205 ] }, { "date": "2025-01-31", "close": 339.187225, "volume": 5772122, "typical_volume": 7673240.4, "trend": 366.884421, "fair_value": 255.04165, "relative_strength": -4.343236, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.438761, "energy": 50.62801, "activity_lines": [ 341.14821, 354.345988, 369.430345, 368.973355 ] }, { "date": "2025-02-07", "close": 325.347931, "volume": 3492512, "typical_volume": 7647222.75, "trend": 365.15398, "fair_value": 256.568904, "relative_strength": -8.306232, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.961781, "energy": 55.349323, "activity_lines": [ 334.534446, 347.152614, 364.692997, 366.293581 ] }, { "date": "2025-02-14", "close": 300.199066, "volume": 2886590, "typical_volume": 7637209.35, "trend": 363.034716, "fair_value": 257.953127, "relative_strength": -12.954065, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.191486, "energy": 73.708517, "activity_lines": [ 322.156779, 336.318359, 357.641302, 362.102942 ] }, { "date": "2025-02-21", "close": 303.07605, "volume": 6691380, "typical_volume": 7842136.45, "trend": 360.912926, "fair_value": 259.360105, "relative_strength": -11.438197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.244576, "energy": 71.677287, "activity_lines": [ 313.53573, 327.901135, 351.110913, 358.234641 ] }, { "date": "2025-02-28", "close": 293.403412, "volume": 2496372, "typical_volume": 5573606.75, "trend": 358.555658, "fair_value": 260.697377, "relative_strength": -11.557762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.948376, "energy": 76.138393, "activity_lines": [ 304.653436, 319.354942, 343.864111, 353.879188 ] }, { "date": "2025-03-07", "close": 330.258636, "volume": 2794469, "typical_volume": 4068394.1, "trend": 358.082773, "fair_value": 262.258575, "relative_strength": -2.481544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.381626, "energy": 58.563184, "activity_lines": [ 310.658736, 318.882357, 340.724224, 352.053574 ] }, { "date": "2025-03-14", "close": 303.572083, "volume": 1255662, "typical_volume": 3837864.75, "trend": 357.391634, "fair_value": 263.513134, "relative_strength": -9.842572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.494934, "energy": 47.304356, "activity_lines": [ 308.363757, 314.473078, 335.496747, 348.536755 ] }, { "date": "2025-03-21", "close": 337.203094, "volume": 2869706, "typical_volume": 3592852.5, "trend": 357.624769, "fair_value": 264.984508, "relative_strength": -4.079864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.515333, "energy": 30.921078, "activity_lines": [ 318.730839, 317.288739, 333.842596, 347.234269 ] }, { "date": "2025-03-28", "close": 334.67334, "volume": 3021571, "typical_volume": 3449356.85, "trend": 357.823182, "fair_value": 266.321965, "relative_strength": -5.507498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.693128, "energy": 20.934857, "activity_lines": [ 325.787734, 319.734632, 332.364419, 345.753531 ] }, { "date": "2025-04-04", "close": 321.379669, "volume": 3774980, "typical_volume": 3461900.15, "trend": 356.930323, "fair_value": 267.515356, "relative_strength": -6.748082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.752602, "energy": 19.741336, "activity_lines": [ 326.306919, 319.997081, 329.903389, 343.402337 ] }, { "date": "2025-04-11", "close": 303.671295, "volume": 1698475, "typical_volume": 3436099.6, "trend": 355.152873, "fair_value": 268.59554, "relative_strength": -11.397438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.421292, "energy": 23.858172, "activity_lines": [ 319.058229, 317.240943, 326.024414, 339.966271 ] }, { "date": "2025-04-18", "close": 308.681213, "volume": 1833793, "typical_volume": 3361667.1, "trend": 354.031839, "fair_value": 269.595375, "relative_strength": -13.450644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.355263, "energy": 31.547465, "activity_lines": [ 315.252002, 316.041444, 323.032628, 336.968099 ] }, { "date": "2025-04-25", "close": 295.833984, "volume": 2398749, "typical_volume": 3279688.05, "trend": 352.155182, "fair_value": 270.558458, "relative_strength": -17.288677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.106956, "energy": 43.112423, "activity_lines": [ 306.822756, 312.809117, 319.140662, 333.213399 ] }, { "date": "2025-05-02", "close": 297.470886, "volume": 1475512, "typical_volume": 3233490.65, "trend": 350.534808, "fair_value": 271.651584, "relative_strength": -17.449945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.463228, "energy": 53.297116, "activity_lines": [ 301.697084, 309.953773, 315.92141, 329.68538 ] }, { "date": "2025-05-09", "close": 293.998657, "volume": 2441082, "typical_volume": 3219037.2, "trend": 346.376401, "fair_value": 272.788697, "relative_strength": -16.938177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.802613, "energy": 55.268708, "activity_lines": [ 297.894167, 306.569027, 312.824985, 326.037886 ] }, { "date": "2025-05-16", "close": 309.127655, "volume": 2048299, "typical_volume": 2934504.1, "trend": 342.494117, "fair_value": 274.002455, "relative_strength": -15.856352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.076835, "energy": 46.741384, "activity_lines": [ 300.959649, 305.924185, 311.526088, 323.634741 ] }, { "date": "2025-05-23", "close": 322.619751, "volume": 7850610, "typical_volume": 3190721.15, "trend": 340.536442, "fair_value": 275.352924, "relative_strength": -11.33276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.472581, "energy": 24.665625, "activity_lines": [ 308.15874, 308.116651, 311.852526, 322.352524 ] }, { "date": "2025-05-30", "close": 307.540344, "volume": 2771393, "typical_volume": 3143620.55, "trend": 336.629357, "fair_value": 276.598411, "relative_strength": -14.734783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.913809, "energy": 19.819583, "activity_lines": [ 309.402126, 307.221085, 310.942897, 320.223743 ] }, { "date": "2025-06-06", "close": 303.720886, "volume": 2457604, "typical_volume": 3096154.8, "trend": 333.615132, "fair_value": 277.850226, "relative_strength": -16.290409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.493987, "energy": 18.031459, "activity_lines": [ 308.591935, 306.170396, 309.834381, 318.100616 ] }, { "date": "2025-06-13", "close": 305.01059, "volume": 4881802, "typical_volume": 3245634.15, "trend": 331.189532, "fair_value": 279.153445, "relative_strength": -14.454414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.893995, "energy": 17.866075, "activity_lines": [ 307.794979, 305.916969, 309.057264, 316.255162 ] }, { "date": "2025-06-20", "close": 312.500671, "volume": 5623978, "typical_volume": 3238226.95, "trend": 328.613469, "fair_value": 280.485882, "relative_strength": -13.205106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.799434, "energy": 19.135331, "activity_lines": [ 308.760587, 307.322996, 309.12411, 315.049429 ] }, { "date": "2025-06-27", "close": 352.728912, "volume": 15875267, "typical_volume": 3857364.7, "trend": 327.818163, "fair_value": 281.992385, "relative_strength": -3.763349, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.514548, "energy": 15.014019, "activity_lines": [ 322.910742, 315.882714, 313.149295, 316.605264 ] }, { "date": "2025-07-04", "close": 367.361877, "volume": 3343068, "typical_volume": 3880188.6, "trend": 326.584694, "fair_value": 283.496247, "relative_strength": 1.226009, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.538836, "energy": 54.419709, "activity_lines": [ 339.931274, 326.302103, 318.437711, 319.156471 ] }, { "date": "2025-07-11", "close": 367.510712, "volume": 1612559, "typical_volume": 3626247.55, "trend": 325.744746, "fair_value": 285.068542, "relative_strength": 2.628468, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.099035, "energy": 71.20965, "activity_lines": [ 353.013316, 335.448047, 323.420479, 321.79686 ] }, { "date": "2025-07-18", "close": 378.37381, "volume": 3857022, "typical_volume": 3694280.05, "trend": 326.060553, "fair_value": 286.664344, "relative_strength": 6.38322, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.512132, "energy": 77.169219, "activity_lines": [ 365.463735, 345.295648, 329.130996, 325.192283 ] }, { "date": "2025-07-25", "close": 364.782532, "volume": 1024238, "typical_volume": 3605768.5, "trend": 325.533105, "fair_value": 288.095065, "relative_strength": 3.115605, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.585206, "energy": 82.675497, "activity_lines": [ 368.492847, 351.138013, 333.142484, 327.690475 ] }, { "date": "2025-08-01", "close": 368.149994, "volume": 2117967, "typical_volume": 3648883.75, "trend": 325.650315, "fair_value": 289.509489, "relative_strength": 5.182053, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.404281, "energy": 77.141608, "activity_lines": [ 369.158989, 356.580738, 337.310284, 330.439952 ] }, { "date": "2025-08-08", "close": 340.299988, "volume": 1197272, "typical_volume": 3565262.05, "trend": 325.588201, "fair_value": 290.808943, "relative_strength": -1.946316, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.63701, "energy": 45.089661, "activity_lines": [ 359.513723, 356.132002, 338.518188, 331.385092 ] }, { "date": "2025-08-15", "close": 354.149994, "volume": 2066348, "typical_volume": 3517500.9, "trend": 325.809182, "fair_value": 292.207824, "relative_strength": 0.775862, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.954032, "energy": 31.154342, "activity_lines": [ 356.289252, 357.60582, 341.030394, 333.227788 ] }, { "date": "2025-08-22", "close": 377.0, "volume": 2810497, "typical_volume": 3469276.75, "trend": 327.294475, "fair_value": 293.75318, "relative_strength": 5.982747, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.662776, "energy": 36.813372, "activity_lines": [ 361.572164, 362.317291, 345.626044, 336.530422 ] }, { "date": "2025-08-29", "close": 381.5, "volume": 3006345, "typical_volume": 3534670.25, "trend": 328.704901, "fair_value": 295.338026, "relative_strength": 8.814674, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.38291, "energy": 42.355814, "activity_lines": [ 368.446663, 366.538046, 350.385407, 340.027553 ] }, { "date": "2025-09-05", "close": 381.950012, "volume": 1957712, "typical_volume": 3540866.2, "trend": 330.591637, "fair_value": 296.91793, "relative_strength": 7.35425, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.090171, "energy": 47.978981, "activity_lines": [ 374.356669, 369.586088, 354.817016, 343.462721 ] }, { "date": "2025-09-12", "close": 387.25, "volume": 1714789, "typical_volume": 3506668.2, "trend": 333.493335, "fair_value": 298.58472, "relative_strength": 7.035433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.673097, "energy": 63.033398, "activity_lines": [ 381.113336, 373.066471, 359.404486, 347.118099 ] }, { "date": "2025-09-19", "close": 426.549988, "volume": 12213804, "typical_volume": 4043582.8, "trend": 337.609133, "fair_value": 300.530045, "relative_strength": 16.351801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.111098, "energy": 78.336995, "activity_lines": [ 397.839998, 383.330705, 367.299498, 353.121754 ] }, { "date": "2025-09-26", "close": 448.899994, "volume": 7324355, "typical_volume": 4287746.45, "trend": 342.792352, "fair_value": 302.644311, "relative_strength": 24.997662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.886617, "energy": 91.217719, "activity_lines": [ 417.189996, 396.585134, 376.708419, 360.30181 ] }, { "date": "2025-10-03", "close": 462.399994, "volume": 6776038, "typical_volume": 4524133.4, "trend": 347.197064, "fair_value": 304.807234, "relative_strength": 26.724866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.719959, "energy": 93.876981, "activity_lines": [ 436.246661, 411.011815, 386.665429, 368.018432 ] }, { "date": "2025-10-10", "close": 469.649994, "volume": 12160240, "typical_volume": 4739614.9, "trend": 352.732995, "fair_value": 306.979686, "relative_strength": 26.422393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.918328, "energy": 92.278717, "activity_lines": [ 452.32666, 424.981814, 396.583048, 375.918621 ] }, { "date": "2025-10-17", "close": 455.299988, "volume": 2727357, "typical_volume": 4737413.1, "trend": 356.669558, "fair_value": 309.051698, "relative_strength": 20.443711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.622022, "energy": 86.336086, "activity_lines": [ 457.776658, 434.497267, 404.433855, 382.535846 ] }, { "date": "2025-10-24", "close": 448.399994, "volume": 1007115, "typical_volume": 4664888.65, "trend": 360.460446, "fair_value": 311.088559, "relative_strength": 17.977361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.5767, "energy": 69.823547, "activity_lines": [ 456.389992, 440.667267, 410.923902, 388.453939 ] }, { "date": "2025-10-31", "close": 464.850006, "volume": 2634016, "typical_volume": 4552499.35, "trend": 365.242791, "fair_value": 313.184219, "relative_strength": 22.557559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.089589, "energy": 62.710353, "activity_lines": [ 459.029997, 448.114541, 418.291669, 395.188749 ] }, { "date": "2025-11-07", "close": 472.450012, "volume": 3413881, "typical_volume": 4441994.5, "trend": 370.868748, "fair_value": 315.367107, "relative_strength": 25.322778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.051102, "energy": 61.348876, "activity_lines": [ 463.140002, 455.346362, 425.622106, 402.105344 ] }, { "date": "2025-11-14", "close": 459.549988, "volume": 5150439, "typical_volume": 3905753.1, "trend": 375.897707, "fair_value": 317.497671, "relative_strength": 19.673562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.600297, "energy": 51.887343, "activity_lines": [ 462.279999, 458.579088, 430.962306, 407.826715 ] }, { "date": "2025-11-21", "close": 432.299988, "volume": 2047676, "typical_volume": 3840983.5, "trend": 380.446574, "fair_value": 319.425691, "relative_strength": 11.85393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.374762, "energy": 40.499031, "activity_lines": [ 453.009996, 455.446359, 433.198596, 411.465571 ] }, { "date": "2025-11-28", "close": 427.899994, "volume": 3577793, "typical_volume": 3939245.2, "trend": 384.794211, "fair_value": 321.328637, "relative_strength": 10.042519, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.182275, "energy": 29.771831, "activity_lines": [ 443.806661, 450.694541, 434.70661, 414.527082 ] }, { "date": "2025-12-05", "close": 432.0, "volume": 6955085, "typical_volume": 4094148.35, "trend": 389.394256, "fair_value": 323.272267, "relative_strength": 11.150888, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.109175, "energy": 22.203201, "activity_lines": [ 437.336662, 446.663633, 436.317532, 417.572617 ] }, { "date": "2025-12-12", "close": 440.600006, "volume": 2848570, "typical_volume": 4185364.95, "trend": 393.776667, "fair_value": 325.266329, "relative_strength": 13.814399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.508982, "energy": 21.353848, "activity_lines": [ 435.923332, 444.503634, 438.49214, 420.876214 ] }, { "date": "2025-12-19", "close": 452.100006, "volume": 2996171, "typical_volume": 4229275.15, "trend": 398.092676, "fair_value": 327.263039, "relative_strength": 16.879431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.535532, "energy": 19.333027, "activity_lines": [ 440.466669, 444.830909, 441.40095, 424.63901 ] }, { "date": "2025-12-26", "close": 442.850006, "volume": 1988685, "typical_volume": 4268845.8, "trend": 402.602998, "fair_value": 329.023562, "relative_strength": 14.003954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.049229, "energy": 19.406966, "activity_lines": [ 442.423338, 443.795456, 443.029047, 427.52658 ] }, { "date": "2026-01-02", "close": 451.299988, "volume": 2649651, "typical_volume": 4298010.95, "trend": 407.522301, "fair_value": 330.806943, "relative_strength": 14.627795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.066383, "energy": 25.755614, "activity_lines": [ 446.493333, 444.522726, 444.973569, 430.668321 ] }, { "date": "2026-01-09", "close": 440.950012, "volume": 2498476, "typical_volume": 4282409.9, "trend": 412.053615, "fair_value": 332.493295, "relative_strength": 14.43511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.021871, "energy": 23.061439, "activity_lines": [ 445.553337, 443.315456, 445.469761, 432.824947 ] }, { "date": "2026-01-16", "close": 425.149994, "volume": 954948, "typical_volume": 4179840.05, "trend": 415.808593, "fair_value": 333.959394, "relative_strength": 10.065872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.165345, "energy": 9.059537, "activity_lines": [ 438.75, 439.67, 444.156665, 433.669875 ] }, { "date": "2026-01-23", "close": 408.850006, "volume": 1561927, "typical_volume": 4160050.8, "trend": 417.679296, "fair_value": 335.451562, "relative_strength": 8.307649, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.662701, "energy": 10.355514, "activity_lines": [ 427.543335, 433.920911, 441.083333, 433.220934 ] }, { "date": "2026-01-30", "close": 409.25, "volume": 1977680, "typical_volume": 4173195.35, "trend": 419.075567, "fair_value": 336.936902, "relative_strength": 7.012172, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.421051, "energy": 25.847161, "activity_lines": [ 419.353335, 429.166365, 437.92, 432.677108 ] }, { "date": "2026-02-06", "close": 416.850006, "volume": 2329560, "typical_volume": 3678983.15, "trend": 420.72021, "fair_value": 338.419613, "relative_strength": 7.087666, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.58065, "energy": 35.662811, "activity_lines": [ 415.93667, 426.21273, 435.375715, 432.533524 ] }, { "date": "2026-02-13", "close": 408.899994, "volume": 2619118, "typical_volume": 3443721.3, "trend": 421.737749, "fair_value": 339.901456, "relative_strength": 5.566563, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.64513, "energy": 42.454721, "activity_lines": [ 412.166667, 422.014546, 432.120476, 431.770929 ] }, { "date": "2026-02-20", "close": 402.399994, "volume": 1472495, "typical_volume": 3178544.15, "trend": 422.991665, "fair_value": 341.351965, "relative_strength": 3.163081, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.011107, "energy": 47.259866, "activity_lines": [ 408.366665, 417.054545, 428.436666, 430.523332 ] }, { "date": "2026-02-27", "close": 418.399994, "volume": 10863097, "typical_volume": 3113687.0, "trend": 424.666665, "fair_value": 342.899402, "relative_strength": 8.478575, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.119685, "energy": 25.300501, "activity_lines": [ 411.416663, 415.69818, 426.56238, 430.227095 ] }, { "date": "2026-03-06", "close": 419.0, "volume": 1676680, "typical_volume": 3061153.15, "trend": 427.289998, "fair_value": 344.280681, "relative_strength": 11.520575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.811449, "energy": 20.254731, "activity_lines": [ 414.029997, 415.063635, 424.989285, 429.861504 ] }, { "date": "2026-03-13", "close": 407.549988, "volume": 1953023, "typical_volume": 3108448.55, "trend": 429.069998, "fair_value": 345.571343, "relative_strength": 13.983365, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.43169, "energy": 30.145167, "activity_lines": [ 412.17666, 412.780905, 422.49857, 428.587955 ] }, { "date": "2026-03-20", "close": 400.850006, "volume": 1819196, "typical_volume": 3067707.55, "trend": 429.864998, "fair_value": 346.824065, "relative_strength": 11.882894, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.622258, "energy": 31.528173, "activity_lines": [ 408.709998, 410.075452, 419.564285, 426.76731 ] }, { "date": "2026-03-27", "close": 408.0, "volume": 2062399, "typical_volume": 3000133.45, "trend": 430.748332, "fair_value": 348.096322, "relative_strength": 14.830262, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.673971, "energy": 29.490603, "activity_lines": [ 408.163332, 409.399089, 417.615713, 425.356665 ] }, { "date": "2026-04-03", "close": 405.549988, "volume": 855732, "typical_volume": 2785398.1, "trend": 431.534998, "fair_value": 349.293075, "relative_strength": 14.13684, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.739003, "energy": 32.935444, "activity_lines": [ 406.426662, 408.589087, 415.740712, 423.730966 ] }, { "date": "2026-04-10", "close": 440.850006, "volume": 1497802, "typical_volume": 2757904.4, "trend": 433.321664, "fair_value": 350.743974, "relative_strength": 16.451966, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.615846, "energy": 11.298686, "activity_lines": [ 417.313332, 414.25727, 417.484761, 424.331934 ] }, { "date": "2026-04-17", "close": 448.799988, "volume": 1060572, "typical_volume": 2632043.35, "trend": 434.063331, "fair_value": 352.262115, "relative_strength": 16.297631, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.219997, "energy": 10.640226, "activity_lines": [ 429.393329, 420.79636, 419.945236, 425.330536 ] }, { "date": "2026-04-24", "close": 444.0, "volume": 1979831, "typical_volume": 2383280.65, "trend": 433.899998, "fair_value": 353.773281, "relative_strength": 16.36143, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.478418, "energy": 21.554091, "activity_lines": [ 437.12333, 425.881815, 421.849045, 425.971611 ] }, { "date": "2026-05-01", "close": 451.799988, "volume": 7507175, "typical_volume": 2616210.9, "trend": 433.546664, "fair_value": 355.225495, "relative_strength": 16.983003, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.339017, "energy": 31.005323, "activity_lines": [ 444.57666, 431.747268, 424.438568, 427.126449 ] }, { "date": "2026-05-08", "close": 472.850006, "volume": 5711199, "typical_volume": 2751962.3, "trend": 433.653332, "fair_value": 356.806069, "relative_strength": 20.476212, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.288866, "energy": 51.837342, "activity_lines": [ 456.126664, 440.541815, 428.979521, 429.662149 ] }, { "date": "2026-05-15", "close": 472.950012, "volume": 4437977, "typical_volume": 2874426.9, "trend": 434.241666, "fair_value": 358.371317, "relative_strength": 22.110124, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.437205, "energy": 57.699078, "activity_lines": [ 463.223336, 448.364545, 433.431189, 432.197418 ] }, { "date": "2026-05-22", "close": 465.700012, "volume": 1660225, "typical_volume": 2824955.6, "trend": 434.818333, "fair_value": 359.936427, "relative_strength": 18.925212, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.260448, "energy": 53.413394, "activity_lines": [ 465.76334, 453.888184, 437.049048, 434.226989 ] }, { "date": "2026-05-29", "close": 506.049988, "volume": 7772591, "typical_volume": 3088661.35, "trend": 436.191666, "fair_value": 361.719491, "relative_strength": 28.810674, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.885059, "energy": 76.682879, "activity_lines": [ 480.626668, 465.690909, 444.441189, 438.82258 ] }, { "date": "2026-06-05", "close": 513.099976, "volume": 550452, "typical_volume": 3068436.55, "trend": 437.546664, "fair_value": 363.393396, "relative_strength": 30.145319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.457309, "energy": 81.154418, "activity_lines": [ 493.703327, 476.862723, 452.194759, 443.784406 ] }, { "date": "2026-06-12", "close": 486.5, "volume": 194358, "typical_volume": 3000058.1, "trend": 438.444998, "fair_value": 364.729915, "relative_strength": 20.922295, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.304081, "energy": 71.940242, "activity_lines": [ 493.82666, 481.287269, 456.996187, 446.942686 ] }, { "date": "2026-06-19", "close": 476.049988, "volume": 2261017, "typical_volume": 3014224.95, "trend": 439.903332, "fair_value": 366.094624, "relative_strength": 15.440126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.838776, "energy": 62.848513, "activity_lines": [ 489.556657, 482.339995, 460.432615, 449.368814 ] }, { "date": "2026-06-26", "close": 473.100006, "volume": 0, "typical_volume": 2897746.95, "trend": 441.409999, "fair_value": 367.434161, "relative_strength": 13.767439, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.563788, "energy": 43.113153, "activity_lines": [ 484.096661, 482.21636, 463.269997, 451.510535 ] }, { "date": "2026-07-03", "close": 514.099976, "volume": 903864, "typical_volume": 2811984.25, "trend": 444.146664, "fair_value": 368.968267, "relative_strength": 21.618725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.963913, "energy": 46.182564, "activity_lines": [ 491.80999, 489.105447, 469.744281, 456.200211 ] }, { "date": "2026-07-10", "close": 510.100006, "volume": 1909610, "typical_volume": 2833840.0, "trend": 446.463331, "fair_value": 370.306101, "relative_strength": 20.134393, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.681033, "energy": 46.905289, "activity_lines": [ 497.653329, 493.992722, 475.336663, 460.455265 ] }, { "date": "2026-07-17", "close": 494.950012, "volume": 1733230, "typical_volume": 2377346.65, "trend": 447.891665, "fair_value": 371.429101, "relative_strength": 15.300626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.340423, "energy": 43.437171, "activity_lines": [ 498.646667, 495.065452, 478.973331, 463.583438 ] }, { "date": "2026-07-24", "close": 495.700012, "volume": 1380315, "typical_volume": 2362528.4, "trend": 449.653332, "fair_value": 372.489595, "relative_strength": 17.439597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.616687, "energy": 44.532321, "activity_lines": [ 499.326672, 495.872727, 482.316904, 466.667848 ] }, { "date": "2026-07-31", "close": 495.950012, "volume": 5374049, "typical_volume": 2533579.7, "trend": 451.141666, "fair_value": 373.573455, "relative_strength": 13.869695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.768128, "energy": 38.309916, "activity_lines": [ 498.780009, 496.311821, 485.319048, 469.65473 ] }, { "date": "2026-08-07", "close": 515.049988, "volume": 2699567, "typical_volume": 2577598.25, "trend": 453.611665, "fair_value": 374.793316, "relative_strength": 16.477683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.926044, "energy": 41.982188, "activity_lines": [ 503.07667, 499.673637, 489.719285, 473.777848 ] } ], "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." } } }