{ "ticker": { "uuid": "674bb68f-ad24-4cb8-8779-41f7e97c5c42", "symbol": "3679", "name": "Nishoku Technology Inc.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-21", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 60.266, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -6.897, "architecture_energy": 4.448, "architecture_maturity": 19.653, "architecture_confidence": 43.848, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 66.84, "rotation_up": 25.29, "upward_expansion": 21.85, "deceleration": 66.15, "rotation_down": 34.86, "downward_expansion": 28.85 }, "activity_lines": [ 109.933333, 109.827273, 110.458483, 110.472169 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.5 }, "latest_close": 110.0, "trend_reference": 109.964103, "distance_from_trend": 0.000326, "trend_direction": "Improving", "fair_value": 107.414212, "distance_from_fair_value": 0.024073, "fair_value_direction": "Weakening", "relative_strength": -26.38425, "relative_strength_direction": "Improving", "price_momentum": 0.040757, "excess_performance": -0.304975, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.000326, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011026, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.024073, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.041927, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.263843, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.07598, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.040757, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.98785, "read": "Supply-led" } ], "volume": { "latest": 169042, "relative_activity": 0.503773, "balance": 0.98785, "dry_up": 0.841707, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.037766, "annualized_volatility": 0.142553, "from_high_reference": -0.087336, "from_low_reference": 0.073722 }, "levels": { "trend_reference": 109.964103, "fair_value_reference": 107.414212, "structural_low": 106.155875, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.003759, "positive_rate": 0.421053, "directional_follow_through": 0.421053, "median_excess_return": 0.001719, "regime_survival": 0.631579, "best_return": 0.114943, "worst_return": -0.268548, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.0, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.007615, "regime_survival": 0.333333, "best_return": 0.223077, "worst_return": -0.393548, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.043088, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.144594, "regime_survival": 0.2, "best_return": 0.232275, "worst_return": -0.318548, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.079129, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.179115, "regime_survival": 0.0, "best_return": 0.689118, "worst_return": -0.347911, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-11", "end": "2024-01-19", "tenure": "Established", "return": 0.144578, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-26", "end": "2024-02-16", "tenure": "New", "return": 0.086538, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-23", "end": "2024-07-05", "tenure": "Established", "return": 0.148141, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-12", "end": "2024-07-19", "tenure": "New", "return": 0.007353, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": -0.043321, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2025-01-03", "tenure": "Established", "return": -0.011278, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.024648, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-03-28", "tenure": "Developing", "return": -0.003448, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-05-30", "tenure": "Developing", "return": -0.041667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-25", "tenure": "Developing", "return": 0.016795, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-02-27", "tenure": "Extended", "return": 0.03913, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.012552, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-07-03", "tenure": "Established", "return": -0.007504, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-21", "tenure": "Developing", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 73.401215, "volume": 496730, "typical_volume": 421773.9, "trend": 68.441587, "fair_value": 65.498554, "relative_strength": 2.510613, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.019509, "energy": 77.471833, "activity_lines": [ 71.684705, 70.134644, 69.185864, 68.700695 ] }, { "date": "2023-08-25", "close": 74.055122, "volume": 188283, "typical_volume": 416326.6, "trend": 68.604776, "fair_value": 65.630895, "relative_strength": 2.627476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.8204, "energy": 82.862582, "activity_lines": [ 72.872639, 70.968377, 69.741789, 69.062859 ] }, { "date": "2023-09-01", "close": 74.463814, "volume": 151483, "typical_volume": 398415.75, "trend": 68.766967, "fair_value": 65.745832, "relative_strength": 2.013969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.730313, "energy": 85.934935, "activity_lines": [ 73.793559, 71.803596, 70.297311, 69.440861 ] }, { "date": "2023-09-08", "close": 75.689888, "volume": 296068, "typical_volume": 393961.9, "trend": 69.009017, "fair_value": 65.886689, "relative_strength": 3.978343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.367693, "energy": 87.665442, "activity_lines": [ 74.659986, 72.759194, 70.926936, 69.887501 ] }, { "date": "2023-09-15", "close": 76.589012, "volume": 458418, "typical_volume": 409742.8, "trend": 69.234737, "fair_value": 66.01996, "relative_strength": 2.94937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.083711, "energy": 87.794487, "activity_lines": [ 75.373834, 73.747486, 71.5916, 70.376533 ] }, { "date": "2023-09-22", "close": 76.752502, "volume": 203501, "typical_volume": 401016.25, "trend": 69.441538, "fair_value": 66.137789, "relative_strength": 6.640623, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.846161, "energy": 85.217506, "activity_lines": [ 76.011398, 74.603513, 72.219744, 70.86155 ] }, { "date": "2023-09-29", "close": 77.896835, "volume": 242301, "typical_volume": 399899.3, "trend": 69.744969, "fair_value": 66.264132, "relative_strength": 8.018154, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.216322, "energy": 83.722965, "activity_lines": [ 76.806987, 75.493721, 72.905746, 71.407053 ] }, { "date": "2023-10-06", "close": 82.555931, "volume": 632371, "typical_volume": 418107.85, "trend": 70.215888, "fair_value": 66.401887, "relative_strength": 13.074067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.654839, "energy": 93.143425, "activity_lines": [ 78.899494, 77.051212, 73.983769, 72.233567 ] }, { "date": "2023-10-13", "close": 86.234161, "volume": 643523, "typical_volume": 439175.05, "trend": 70.811851, "fair_value": 66.591097, "relative_strength": 15.950298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.138097, "energy": 96.121457, "activity_lines": [ 81.678603, 79.004019, 75.340996, 73.267004 ] }, { "date": "2023-10-20", "close": 83.782005, "volume": 567543, "typical_volume": 446949.7, "trend": 71.316328, "fair_value": 66.740245, "relative_strength": 14.659941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.730783, "energy": 87.541169, "activity_lines": [ 82.937376, 80.195915, 76.377806, 74.103788 ] }, { "date": "2023-10-27", "close": 86.234161, "volume": 443541, "typical_volume": 443521.7, "trend": 71.953719, "fair_value": 66.884695, "relative_strength": 19.787317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.119777, "energy": 88.783455, "activity_lines": [ 84.534, 81.667208, 77.57922, 75.066229 ] }, { "date": "2023-11-03", "close": 79.695076, "volume": 787380, "typical_volume": 418730.9, "trend": 72.417004, "fair_value": 66.991154, "relative_strength": 8.18222, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.598793, "energy": 63.423791, "activity_lines": [ 83.318819, 81.71625, 78.078992, 75.565672 ] }, { "date": "2023-11-10", "close": 81.329857, "volume": 473075, "typical_volume": 429083.25, "trend": 72.94453, "fair_value": 67.096314, "relative_strength": 9.370939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.249172, "energy": 56.711137, "activity_lines": [ 82.528683, 81.959981, 78.688529, 76.140694 ] }, { "date": "2023-11-17", "close": 79.9403, "volume": 572445, "typical_volume": 447649.9, "trend": 73.440359, "fair_value": 67.208272, "relative_strength": 4.292065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.448363, "energy": 40.773182, "activity_lines": [ 81.357099, 81.826228, 79.106174, 76.592034 ] }, { "date": "2023-11-24", "close": 83.782005, "volume": 356005, "typical_volume": 449186.9, "trend": 74.044749, "fair_value": 67.327188, "relative_strength": 8.723757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.488717, "energy": 36.026152, "activity_lines": [ 81.885674, 82.313686, 79.835204, 77.259237 ] }, { "date": "2023-12-01", "close": 85.82547, "volume": 591800, "typical_volume": 467350.45, "trend": 74.70507, "fair_value": 67.445461, "relative_strength": 10.230679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.821835, "energy": 47.087295, "activity_lines": [ 83.095404, 83.041902, 80.682171, 78.019284 ] }, { "date": "2023-12-08", "close": 86.234161, "volume": 638235, "typical_volume": 491057.9, "trend": 75.344898, "fair_value": 67.546722, "relative_strength": 10.936698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.763947, "energy": 50.77773, "activity_lines": [ 84.46861, 83.679462, 81.479316, 78.763096 ] }, { "date": "2023-12-15", "close": 87.460243, "volume": 352082, "typical_volume": 502827.0, "trend": 76.0061, "fair_value": 67.646027, "relative_strength": 10.573093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.71182, "energy": 58.160339, "activity_lines": [ 85.814572, 84.388358, 82.306432, 79.544731 ] }, { "date": "2023-12-22", "close": 87.051552, "volume": 210081, "typical_volume": 502400.8, "trend": 76.641494, "fair_value": 67.746639, "relative_strength": 10.386421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.306403, "energy": 62.534319, "activity_lines": [ 86.615611, 84.933778, 82.999653, 80.257341 ] }, { "date": "2023-12-29", "close": 85.008087, "volume": 193034, "typical_volume": 424894.95, "trend": 77.164908, "fair_value": 67.838077, "relative_strength": 5.750175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.565033, "energy": 50.252626, "activity_lines": [ 86.261411, 85.092797, 83.411849, 80.797121 ] }, { "date": "2024-01-05", "close": 84.190704, "volume": 170018, "typical_volume": 408559.35, "trend": 77.648892, "fair_value": 67.936055, "relative_strength": 7.155592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.533824, "energy": 42.186552, "activity_lines": [ 85.553011, 85.080908, 83.696766, 81.250398 ] }, { "date": "2024-01-12", "close": 86.642853, "volume": 328395, "typical_volume": 415564.95, "trend": 78.20199, "fair_value": 68.047789, "relative_strength": 10.283431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.52108, "energy": 40.426443, "activity_lines": [ 85.770979, 85.552019, 84.163843, 81.830654 ] }, { "date": "2024-01-19", "close": 85.416779, "volume": 233463, "typical_volume": 419663.95, "trend": 78.755087, "fair_value": 68.167368, "relative_strength": 7.579658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.322972, "energy": 29.74592, "activity_lines": [ 85.55301, 85.673884, 84.45421, 82.296124 ] }, { "date": "2024-01-26", "close": 85.008087, "volume": 129055, "typical_volume": 411313.3, "trend": 79.30546, "fair_value": 68.294144, "relative_strength": 5.157917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.53302, "energy": 27.274916, "activity_lines": [ 85.33504, 85.647133, 84.653496, 82.699543 ] }, { "date": "2024-02-02", "close": 84.599396, "volume": 144858, "typical_volume": 395635.3, "trend": 79.869456, "fair_value": 68.422225, "relative_strength": 4.176504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.801881, "energy": 27.105405, "activity_lines": [ 85.117072, 85.453933, 84.769488, 83.041088 ] }, { "date": "2024-02-09", "close": 83.782005, "volume": 84010, "typical_volume": 389660.75, "trend": 80.422554, "fair_value": 68.547031, "relative_strength": 2.85849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.877302, "energy": 18.491852, "activity_lines": [ 84.653885, 85.097255, 84.769487, 83.29351 ] }, { "date": "2024-02-16", "close": 92.364555, "volume": 490013, "typical_volume": 402046.35, "trend": 81.23449, "fair_value": 68.734705, "relative_strength": 10.066691, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.57096, "energy": 46.435028, "activity_lines": [ 87.078796, 86.338195, 85.553399, 84.063962 ] }, { "date": "2024-02-23", "close": 98.08625, "volume": 2636534, "typical_volume": 502254.5, "trend": 82.253497, "fair_value": 68.962982, "relative_strength": 14.825858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.306153, "energy": 84.479866, "activity_lines": [ 91.029491, 88.507981, 86.81334, 85.151172 ] }, { "date": "2024-03-01", "close": 91.138481, "volume": 1748564, "typical_volume": 557506.55, "trend": 82.994593, "fair_value": 69.105497, "relative_strength": 6.245805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.398716, "energy": 72.862116, "activity_lines": [ 91.819632, 89.221337, 87.337635, 85.724397 ] }, { "date": "2024-03-08", "close": 91.138481, "volume": 781547, "typical_volume": 568206.75, "trend": 83.544966, "fair_value": 69.16556, "relative_strength": 1.59877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.169915, "energy": 75.355517, "activity_lines": [ 92.20108, 89.860384, 87.838576, 86.249809 ] }, { "date": "2024-03-15", "close": 92.364555, "volume": 542410, "typical_volume": 573150.2, "trend": 84.177078, "fair_value": 69.202073, "relative_strength": 3.385366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.262889, "energy": 69.152266, "activity_lines": [ 92.55528, 90.610893, 88.421255, 86.818815 ] }, { "date": "2024-03-22", "close": 92.773247, "volume": 412140, "typical_volume": 554388.2, "trend": 84.801015, "fair_value": 69.198016, "relative_strength": 0.923641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.910162, "energy": 45.796967, "activity_lines": [ 92.473541, 91.287093, 89.013664, 87.373406 ] }, { "date": "2024-03-29", "close": 95.225403, "volume": 421285, "typical_volume": 551798.7, "trend": 85.493068, "fair_value": 69.180231, "relative_strength": 3.052414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.439783, "energy": 49.257973, "activity_lines": [ 93.181941, 92.297678, 89.777336, 88.045948 ] }, { "date": "2024-04-05", "close": 94.816711, "volume": 279362, "typical_volume": 537144.55, "trend": 86.130629, "fair_value": 69.142158, "relative_strength": 2.173459, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.544483, "energy": 47.910836, "activity_lines": [ 93.944833, 93.055617, 90.435915, 88.647473 ] }, { "date": "2024-04-12", "close": 100.129715, "volume": 767921, "typical_volume": 557740.35, "trend": 86.915319, "fair_value": 69.16759, "relative_strength": 5.504132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.44863, "energy": 62.930044, "activity_lines": [ 96.233512, 94.601219, 91.529654, 89.55064 ] }, { "date": "2024-04-19", "close": 100.129715, "volume": 813926, "typical_volume": 568846.65, "trend": 87.694559, "fair_value": 69.193022, "relative_strength": 11.589709, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.197395, "energy": 71.819269, "activity_lines": [ 97.922775, 95.86445, 92.545547, 90.403181 ] }, { "date": "2024-04-26", "close": 105.442726, "volume": 925323, "typical_volume": 583201.05, "trend": 88.612756, "fair_value": 69.311405, "relative_strength": 13.557322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.206129, "energy": 83.275412, "activity_lines": [ 100.865364, 97.796453, 93.999326, 91.548224 ] }, { "date": "2024-05-03", "close": 119.746971, "volume": 6215379, "typical_volume": 876365.9, "trend": 89.852457, "fair_value": 69.545041, "relative_strength": 26.751867, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.291733, "energy": 94.251927, "activity_lines": [ 107.731403, 102.091443, 96.723945, 93.556883 ] }, { "date": "2024-05-10", "close": 116.477425, "volume": 1661505, "typical_volume": 948937.1, "trend": 90.860566, "fair_value": 69.724344, "relative_strength": 20.389809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.35253, "energy": 91.675717, "activity_lines": [ 111.872822, 105.398138, 98.983431, 95.274623 ] }, { "date": "2024-05-17", "close": 116.068726, "volume": 1071757, "typical_volume": 992873.25, "trend": 91.93679, "fair_value": 69.893175, "relative_strength": 16.253591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.145097, "energy": 89.943286, "activity_lines": [ 114.433961, 108.169816, 101.063871, 96.900956 ] }, { "date": "2024-05-24", "close": 114.842651, "volume": 962104, "typical_volume": 1032477.55, "trend": 92.890406, "fair_value": 70.136598, "relative_strength": 12.831594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.049344, "energy": 87.098888, "activity_lines": [ 115.523807, 110.265295, 102.879634, 98.378754 ] }, { "date": "2024-05-31", "close": 118.520889, "volume": 720272, "typical_volume": 1052071.4, "trend": 94.1846, "fair_value": 70.389858, "relative_strength": 17.900209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.689955, "energy": 88.298149, "activity_lines": [ 116.85887, 112.620851, 104.899744, 100.032333 ] }, { "date": "2024-06-07", "close": 117.703514, "volume": 730143, "typical_volume": 1076905.4, "trend": 95.397055, "fair_value": 70.61432, "relative_strength": 12.846859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.85456, "energy": 76.611291, "activity_lines": [ 117.049597, 114.359655, 106.690208, 101.549683 ] }, { "date": "2024-06-14", "close": 114.342812, "volume": 2350185, "typical_volume": 1187961.9, "trend": 96.543806, "fair_value": 70.803498, "relative_strength": 6.036602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.457008, "energy": 61.800594, "activity_lines": [ 116.256321, 115.078729, 108.00686, 102.771989 ] }, { "date": "2024-06-21", "close": 114.774284, "volume": 642608, "typical_volume": 1212849.4, "trend": 97.576882, "fair_value": 70.979736, "relative_strength": 2.624778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.663292, "energy": 55.631816, "activity_lines": [ 115.749176, 115.521233, 109.224914, 103.948149 ] }, { "date": "2024-06-28", "close": 116.068733, "volume": 393060, "typical_volume": 1228301.9, "trend": 98.58499, "fair_value": 71.164711, "relative_strength": 4.365503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.380461, "energy": 47.563618, "activity_lines": [ 115.75981, 115.932826, 110.42256, 105.141172 ] }, { "date": "2024-07-05", "close": 112.616875, "volume": 458029, "typical_volume": 1226702.7, "trend": 99.464414, "fair_value": 71.350765, "relative_strength": -1.275091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.389732, "energy": 38.697092, "activity_lines": [ 114.538086, 115.427008, 111.13771, 106.046455 ] }, { "date": "2024-07-12", "close": 117.363182, "volume": 922089, "typical_volume": 1140980.45, "trend": 100.461179, "fair_value": 71.575683, "relative_strength": 0.926917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.779649, "energy": 38.670002, "activity_lines": [ 115.292066, 115.653716, 112.208451, 107.201214 ] }, { "date": "2024-07-19", "close": 118.226143, "volume": 633320, "typical_volume": 1085218.25, "trend": 101.500332, "fair_value": 71.795585, "relative_strength": 5.834131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.706608, "energy": 42.99007, "activity_lines": [ 116.356388, 116.080668, 113.269583, 108.347341 ] }, { "date": "2024-07-26", "close": 119.520592, "volume": 294017, "typical_volume": 1060841.75, "trend": 102.650749, "fair_value": 72.038552, "relative_strength": 9.97187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.304342, "energy": 46.008718, "activity_lines": [ 117.593304, 116.711179, 114.325007, 109.509938 ] }, { "date": "2024-08-02", "close": 118.226143, "volume": 2158854, "typical_volume": 1141663.95, "trend": 103.785263, "fair_value": 72.311194, "relative_strength": 10.605246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.417062, "energy": 47.946075, "activity_lines": [ 118.082317, 117.043574, 115.121997, 110.514802 ] }, { "date": "2024-08-09", "close": 110.890953, "volume": 1348122, "typical_volume": 1188463.05, "trend": 104.593533, "fair_value": 72.579009, "relative_strength": 4.288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.149952, "energy": 33.214318, "activity_lines": [ 115.982439, 115.980781, 115.097248, 110.973234 ] }, { "date": "2024-08-16", "close": 116.500221, "volume": 694624, "typical_volume": 1202130.0, "trend": 105.629648, "fair_value": 72.908096, "relative_strength": 4.949368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.392058, "energy": 26.088275, "activity_lines": [ 115.867378, 116.07658, 115.52044, 111.741407 ] }, { "date": "2024-08-23", "close": 114.342812, "volume": 252194, "typical_volume": 1200771.6, "trend": 106.607472, "fair_value": 73.258374, "relative_strength": 3.627395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.260307, "energy": 17.728744, "activity_lines": [ 115.090712, 115.802002, 115.636855, 112.303547 ] }, { "date": "2024-08-30", "close": 114.774284, "volume": 203053, "typical_volume": 1172528.2, "trend": 107.613302, "fair_value": 73.632936, "relative_strength": 3.233107, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.063845, "energy": 13.80925, "activity_lines": [ 114.716759, 115.605873, 115.701382, 112.830438 ] }, { "date": "2024-09-06", "close": 111.322426, "volume": 284216, "typical_volume": 1146042.7, "trend": 108.531316, "fair_value": 73.963431, "relative_strength": 3.768319, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.835308, "energy": 8.308857, "activity_lines": [ 113.508606, 114.782133, 115.367424, 113.069736 ] }, { "date": "2024-09-13", "close": 113.479836, "volume": 288020, "typical_volume": 1114177.55, "trend": 109.235159, "fair_value": 74.328007, "relative_strength": 3.926959, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.408475, "energy": 10.241452, "activity_lines": [ 113.479839, 114.436946, 115.185635, 113.388996 ] }, { "date": "2024-09-20", "close": 113.911324, "volume": 127050, "typical_volume": 809761.1, "trend": 109.762661, "fair_value": 74.716024, "relative_strength": 2.265841, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.174586, "energy": 10.164248, "activity_lines": [ 113.422308, 114.154522, 115.006669, 113.690684 ] }, { "date": "2024-09-27", "close": 114.342812, "volume": 199151, "typical_volume": 736643.4, "trend": 110.536139, "fair_value": 75.10512, "relative_strength": -0.424524, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.861438, "energy": 8.980263, "activity_lines": [ 113.6812, 114.013311, 114.896585, 113.986178 ] }, { "date": "2024-10-04", "close": 113.048363, "volume": 109093, "typical_volume": 688510.2, "trend": 111.266468, "fair_value": 75.489293, "relative_strength": 0.716339, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.079211, "energy": 6.226297, "activity_lines": [ 113.508609, 113.707351, 114.673385, 114.148257 ] }, { "date": "2024-10-11", "close": 116.068733, "volume": 328227, "typical_volume": 656816.35, "trend": 112.056607, "fair_value": 75.899156, "relative_strength": 0.729906, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.613196, "energy": 13.267863, "activity_lines": [ 114.457869, 114.068227, 114.752222, 114.45808 ] }, { "date": "2024-10-18", "close": 115.205772, "volume": 246100, "typical_volume": 633107.75, "trend": 112.804358, "fair_value": 76.303487, "relative_strength": -2.440715, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.96661, "energy": 14.508164, "activity_lines": [ 114.803055, 114.311426, 114.743034, 114.661252 ] }, { "date": "2024-10-25", "close": 115.205772, "volume": 199211, "typical_volume": 606561.15, "trend": 113.47037, "fair_value": 76.724696, "relative_strength": -1.706342, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.934534, "energy": 12.262509, "activity_lines": [ 115.033179, 114.476174, 114.749633, 114.816182 ] }, { "date": "2024-11-01", "close": 115.205772, "volume": 154121, "typical_volume": 496757.95, "trend": 114.150006, "fair_value": 77.139154, "relative_strength": 0.657599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.091525, "energy": 15.292556, "activity_lines": [ 115.177006, 114.664457, 114.768125, 114.928143 ] }, { "date": "2024-11-08", "close": 111.322426, "volume": 465306, "typical_volume": 487892.85, "trend": 114.523096, "fair_value": 77.495808, "relative_strength": -5.877156, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.085902, "energy": 14.711072, "activity_lines": [ 113.968854, 114.130988, 114.412665, 114.745719 ] }, { "date": "2024-11-15", "close": 111.322426, "volume": 491004, "typical_volume": 492790.05, "trend": 114.896187, "fair_value": 77.857947, "relative_strength": -2.613347, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.674277, "energy": 42.461314, "activity_lines": [ 112.875764, 113.660279, 114.073643, 114.539224 ] }, { "date": "2024-11-22", "close": 112.616875, "volume": 175727, "typical_volume": 478674.95, "trend": 115.135325, "fair_value": 78.221211, "relative_strength": -2.202177, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.055693, "energy": 44.946567, "activity_lines": [ 112.530578, 113.424925, 113.880503, 114.392172 ] }, { "date": "2024-11-29", "close": 112.185402, "volume": 168358, "typical_volume": 440988.4, "trend": 114.883273, "fair_value": 78.58635, "relative_strength": 0.186751, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.472993, "energy": 49.669742, "activity_lines": [ 112.214161, 113.126811, 113.646271, 114.201854 ] }, { "date": "2024-12-06", "close": 115.637253, "volume": 410067, "typical_volume": 429825.75, "trend": 114.855267, "fair_value": 78.975727, "relative_strength": -0.884466, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.801847, "energy": 23.760297, "activity_lines": [ 113.249718, 113.487687, 113.765442, 114.250498 ] }, { "date": "2024-12-13", "close": 114.342812, "volume": 421459, "typical_volume": 436197.85, "trend": 114.797736, "fair_value": 79.348367, "relative_strength": -1.265302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.731921, "energy": 12.502451, "activity_lines": [ 113.82503, 113.589675, 113.773661, 114.217436 ] }, { "date": "2024-12-20", "close": 112.616875, "volume": 216030, "typical_volume": 339056.65, "trend": 114.723544, "fair_value": 79.685049, "relative_strength": -0.572677, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.433709, "energy": 15.51412, "activity_lines": [ 113.623671, 113.35432, 113.642162, 114.076735 ] }, { "date": "2024-12-27", "close": 113.479836, "volume": 254205, "typical_volume": 284360.8, "trend": 114.555509, "fair_value": 80.036124, "relative_strength": -3.155355, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.264541, "energy": 14.546313, "activity_lines": [ 113.623668, 113.338629, 113.61956, 113.996496 ] }, { "date": "2025-01-03", "close": 113.479836, "volume": 195003, "typical_volume": 259379.75, "trend": 114.41472, "fair_value": 80.390574, "relative_strength": -1.657867, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.959318, "energy": 12.392625, "activity_lines": [ 113.566135, 113.354318, 113.584629, 113.927098 ] }, { "date": "2025-01-10", "close": 122.540962, "volume": 888554, "typical_volume": 291197.75, "trend": 114.687991, "fair_value": 80.790029, "relative_strength": 5.564412, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.359699, "energy": 40.686779, "activity_lines": [ 116.442682, 115.048866, 114.427047, 114.451372 ] }, { "date": "2025-01-17", "close": 125.561348, "volume": 975594, "typical_volume": 329824.8, "trend": 115.04756, "fair_value": 81.223613, "relative_strength": 7.287117, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.855726, "energy": 78.807184, "activity_lines": [ 119.865776, 117.159207, 115.518081, 115.152879 ] }, { "date": "2025-01-24", "close": 125.12986, "volume": 301026, "typical_volume": 330665.3, "trend": 115.349598, "fair_value": 81.669198, "relative_strength": 4.965999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.590121, "energy": 83.143535, "activity_lines": [ 122.397139, 118.932206, 116.516654, 115.80335 ] }, { "date": "2025-02-07", "close": 127.718758, "volume": 605692, "typical_volume": 346548.9, "trend": 115.852994, "fair_value": 82.122096, "relative_strength": 7.045908, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.505962, "energy": 87.782638, "activity_lines": [ 124.957269, 120.924871, 117.696039, 116.60136 ] }, { "date": "2025-02-14", "close": 131.602097, "volume": 770494, "typical_volume": 378721.1, "trend": 116.327624, "fair_value": 82.60917, "relative_strength": 11.407676, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.463909, "energy": 93.76679, "activity_lines": [ 127.862584, 123.349016, 119.177461, 117.617431 ] }, { "date": "2025-02-21", "close": 135.485443, "volume": 694657, "typical_volume": 403496.4, "trend": 116.902934, "fair_value": 83.097931, "relative_strength": 11.589658, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.521419, "energy": 95.203986, "activity_lines": [ 130.854196, 126.126195, 120.944485, 118.853419 ] }, { "date": "2025-02-28", "close": 141.526184, "volume": 1141070, "typical_volume": 455095.25, "trend": 117.636454, "fair_value": 83.629212, "relative_strength": 19.563183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.070433, "energy": 96.695588, "activity_lines": [ 134.996424, 129.640813, 123.186137, 120.442016 ] }, { "date": "2025-03-07", "close": 137.211365, "volume": 2099525, "typical_volume": 543660.15, "trend": 118.269295, "fair_value": 84.144648, "relative_strength": 17.809662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.587753, "energy": 86.997731, "activity_lines": [ 136.636056, 131.876676, 124.881246, 121.704914 ] }, { "date": "2025-03-14", "close": 133.759521, "volume": 656128, "typical_volume": 564161.55, "trend": 119.03158, "fair_value": 84.622346, "relative_strength": 17.375923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.38053, "energy": 67.827035, "activity_lines": [ 136.31964, 133.037758, 126.146929, 122.704283 ] }, { "date": "2025-03-21", "close": 129.444687, "volume": 554418, "typical_volume": 581921.9, "trend": 119.463062, "fair_value": 85.079979, "relative_strength": 11.88566, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.122145, "energy": 58.28492, "activity_lines": [ 134.162228, 133.045603, 126.913323, 123.376097 ] }, { "date": "2025-03-28", "close": 124.69838, "volume": 638249, "typical_volume": 606128.3, "trend": 119.808248, "fair_value": 85.513094, "relative_strength": 10.3247, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.651469, "energy": 33.752668, "activity_lines": [ 130.566542, 131.900214, 127.159885, 123.713859 ] }, { "date": "2025-04-04", "close": 124.266907, "volume": 410063, "typical_volume": 603366.15, "trend": 120.124669, "fair_value": 85.933317, "relative_strength": 11.049392, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.00682, "energy": 28.085936, "activity_lines": [ 127.546168, 130.637149, 127.32015, 124.001514 ] }, { "date": "2025-04-11", "close": 109.596504, "volume": 1094493, "typical_volume": 633540.6, "trend": 120.067138, "fair_value": 86.263718, "relative_strength": 6.443337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.773738, "energy": 25.053258, "activity_lines": [ 120.786279, 126.730273, 126.021594, 123.322278 ] }, { "date": "2025-04-18", "close": 115.637253, "volume": 385146, "typical_volume": 644011.55, "trend": 120.139052, "fair_value": 86.642968, "relative_strength": 12.619097, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.050464, "energy": 36.144086, "activity_lines": [ 117.880963, 124.20414, 125.306567, 123.036479 ] }, { "date": "2025-04-25", "close": 120.815041, "volume": 471003, "typical_volume": 659143.8, "trend": 120.369176, "fair_value": 87.06005, "relative_strength": 14.43777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.195366, "energy": 31.283069, "activity_lines": [ 117.909728, 122.839087, 125.070279, 123.080091 ] }, { "date": "2025-05-02", "close": 119.089111, "volume": 499752, "typical_volume": 663628.05, "trend": 120.527386, "fair_value": 87.45763, "relative_strength": 7.647962, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.306714, "energy": 29.685935, "activity_lines": [ 117.938493, 121.356356, 124.628523, 122.997506 ] }, { "date": "2025-05-09", "close": 117.794662, "volume": 313181, "typical_volume": 658214.15, "trend": 120.685596, "fair_value": 87.845224, "relative_strength": 5.928053, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.522429, "energy": 22.683342, "activity_lines": [ 117.909726, 119.936387, 124.047049, 122.821201 ] }, { "date": "2025-05-16", "close": 119.520592, "volume": 447148, "typical_volume": 669770.05, "trend": 120.800658, "fair_value": 88.241351, "relative_strength": 2.967707, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.257166, "energy": 15.093374, "activity_lines": [ 118.887752, 119.261705, 123.613512, 122.74604 ] }, { "date": "2025-05-23", "close": 119.089111, "volume": 198349, "typical_volume": 666977.25, "trend": 120.930102, "fair_value": 88.645682, "relative_strength": 3.488081, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -3.607001, "energy": 10.584287, "activity_lines": [ 119.060345, 118.830222, 123.106007, 122.635618 ] }, { "date": "2025-05-30", "close": 119.089111, "volume": 223110, "typical_volume": 668382.6, "trend": 121.059547, "fair_value": 89.044528, "relative_strength": 4.870252, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.870999, "energy": 9.02245, "activity_lines": [ 119.002814, 118.665474, 122.57179, 122.516844 ] }, { "date": "2025-06-06", "close": 120.815041, "volume": 541032, "typical_volume": 651006.5, "trend": 121.246523, "fair_value": 89.452749, "relative_strength": 4.858494, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.07162, "energy": 9.025993, "activity_lines": [ 119.635655, 119.002815, 122.175238, 122.501069 ] }, { "date": "2025-06-13", "close": 120.062752, "volume": 1819456, "typical_volume": 693199.6, "trend": 121.537867, "fair_value": 89.840537, "relative_strength": 2.239003, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.833522, "energy": 7.890463, "activity_lines": [ 119.902671, 119.273982, 121.715257, 122.424697 ] }, { "date": "2025-06-20", "close": 117.28138, "volume": 562214, "typical_volume": 706259.0, "trend": 121.736499, "fair_value": 90.207965, "relative_strength": -0.092541, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.433472, "energy": 14.365586, "activity_lines": [ 119.091358, 119.115884, 121.016568, 122.150085 ] }, { "date": "2025-06-27", "close": 120.062752, "volume": 334374, "typical_volume": 692693.1, "trend": 121.984695, "fair_value": 90.628932, "relative_strength": -0.28085, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.937228, "energy": 7.325317, "activity_lines": [ 119.356449, 119.323765, 120.620144, 122.042101 ] }, { "date": "2025-07-04", "close": 120.062752, "volume": 258745, "typical_volume": 667105.65, "trend": 122.247273, "fair_value": 91.057867, "relative_strength": -0.239474, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.421142, "energy": 17.100477, "activity_lines": [ 119.55663, 119.451183, 120.260178, 121.918105 ] }, { "date": "2025-07-11", "close": 117.744942, "volume": 250005, "typical_volume": 644873.05, "trend": 122.317529, "fair_value": 91.486472, "relative_strength": -3.178248, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.247727, "energy": 32.100342, "activity_lines": [ 118.919299, 119.170858, 119.734418, 121.627632 ] }, { "date": "2025-07-18", "close": 120.062752, "volume": 180123, "typical_volume": 596825.7, "trend": 122.508194, "fair_value": 91.929465, "relative_strength": -4.019703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.221468, "energy": 23.049041, "activity_lines": [ 119.259245, 119.336393, 119.51388, 121.482163 ] }, { "date": "2025-07-25", "close": 122.844131, "volume": 528706, "typical_volume": 518284.75, "trend": 122.849102, "fair_value": 92.373417, "relative_strength": -1.748527, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.336102, "energy": 9.93185, "activity_lines": [ 120.526316, 119.966396, 119.660442, 121.503836 ] }, { "date": "2025-08-01", "close": 106.619436, "volume": 1602764, "typical_volume": 565616.55, "trend": 122.620422, "fair_value": 92.715708, "relative_strength": -14.718198, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.538899, "energy": 61.798405, "activity_lines": [ 116.014306, 117.586025, 118.33021, 120.456761 ] }, { "date": "2025-08-08", "close": 105.228745, "volume": 432035, "typical_volume": 559497.4, "trend": 122.345386, "fair_value": 93.046741, "relative_strength": -17.565108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.61078, "energy": 79.396059, "activity_lines": [ 111.934954, 115.179523, 116.99677, 119.334717 ] }, { "date": "2025-08-15", "close": 103.838058, "volume": 424017, "typical_volume": 548785.8, "trend": 121.721956, "fair_value": 93.339804, "relative_strength": -19.439779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.711415, "energy": 88.846947, "activity_lines": [ 108.380973, 112.772176, 115.646198, 118.140696 ] }, { "date": "2025-08-22", "close": 104.30162, "volume": 228164, "typical_volume": 539690.85, "trend": 121.013298, "fair_value": 93.610063, "relative_strength": -16.890659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.500058, "energy": 88.856561, "activity_lines": [ 105.908638, 110.757785, 114.439109, 117.016803 ] }, { "date": "2025-08-29", "close": 107.083, "volume": 286055, "typical_volume": 499268.95, "trend": 120.411736, "fair_value": 93.889248, "relative_strength": -16.097928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.422099, "energy": 83.730582, "activity_lines": [ 105.414172, 109.535666, 113.591986, 116.118074 ] }, { "date": "2025-09-05", "close": 105.692307, "volume": 184040, "typical_volume": 489213.65, "trend": 119.677521, "fair_value": 94.165142, "relative_strength": -17.81975, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.82986, "energy": 75.201698, "activity_lines": [ 105.506884, 108.246118, 112.624386, 115.168434 ] }, { "date": "2025-09-12", "close": 104.30162, "volume": 642215, "typical_volume": 497774.25, "trend": 118.767505, "fair_value": 94.434464, "relative_strength": -21.705925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.211527, "energy": 56.766698, "activity_lines": [ 105.197842, 106.964999, 111.571696, 114.17644 ] }, { "date": "2025-09-19", "close": 105.692307, "volume": 183204, "typical_volume": 481946.85, "trend": 117.774401, "fair_value": 94.713638, "relative_strength": -20.667779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.175864, "energy": 49.868385, "activity_lines": [ 105.41417, 106.223299, 110.730088, 113.332879 ] }, { "date": "2025-09-26", "close": 105.228745, "volume": 151295, "typical_volume": 473852.55, "trend": 116.564486, "fair_value": 94.98328, "relative_strength": -20.721178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.382721, "energy": 48.70277, "activity_lines": [ 105.352362, 105.616453, 109.908125, 112.523482 ] }, { "date": "2025-10-03", "close": 105.692307, "volume": 99028, "typical_volume": 456446.55, "trend": 115.513851, "fair_value": 95.258705, "relative_strength": -23.584894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.387144, "energy": 42.028003, "activity_lines": [ 105.383266, 105.3636, 109.190149, 111.822051 ] }, { "date": "2025-10-10", "close": 106.155869, "volume": 89009, "typical_volume": 450979.55, "trend": 114.593729, "fair_value": 95.552566, "relative_strength": -24.438262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.176368, "energy": 37.072053, "activity_lines": [ 105.661403, 105.506883, 108.58217, 111.21831 ] }, { "date": "2025-10-17", "close": 110.791496, "volume": 362984, "typical_volume": 457973.25, "trend": 113.971956, "fair_value": 95.866771, "relative_strength": -20.84107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.749311, "energy": 25.066459, "activity_lines": [ 107.453845, 106.501435, 108.477267, 110.973005 ] }, { "date": "2025-10-24", "close": 110.791496, "volume": 81023, "typical_volume": 434972.8, "trend": 113.508393, "fair_value": 96.204875, "relative_strength": -21.241753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.745802, "energy": 20.19955, "activity_lines": [ 108.813629, 107.394846, 108.411876, 110.767814 ] }, { "date": "2025-10-31", "close": 117.744942, "volume": 473740, "typical_volume": 367687.0, "trend": 113.290994, "fair_value": 96.594583, "relative_strength": -18.141913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.699054, "energy": 29.368216, "activity_lines": [ 112.151282, 109.426095, 109.056449, 111.041139 ] }, { "date": "2025-11-07", "close": 114.963562, "volume": 477471, "typical_volume": 363449.85, "trend": 113.469896, "fair_value": 96.939281, "relative_strength": -18.11543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.420181, "energy": 37.528571, "activity_lines": [ 113.727395, 110.707213, 109.447166, 111.149047 ] }, { "date": "2025-11-14", "close": 106.155869, "volume": 392265, "typical_volume": 366344.4, "trend": 113.15385, "fair_value": 97.190028, "relative_strength": -23.441162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.80137, "energy": 23.799992, "activity_lines": [ 111.749527, 110.24365, 109.010092, 110.677174 ] }, { "date": "2025-11-21", "close": 104.765182, "volume": 187006, "typical_volume": 362757.45, "trend": 112.618855, "fair_value": 97.429048, "relative_strength": -21.414725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.884848, "energy": 20.791699, "activity_lines": [ 109.308097, 109.518807, 108.506796, 110.13597 ] }, { "date": "2025-11-28", "close": 108.010124, "volume": 103044, "typical_volume": 355409.4, "trend": 112.249555, "fair_value": 97.687464, "relative_strength": -22.176166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.143721, "energy": 23.895433, "activity_lines": [ 108.350068, 109.375524, 108.385387, 109.838632 ] }, { "date": "2025-12-05", "close": 108.937248, "volume": 100128, "typical_volume": 351409.65, "trend": 111.954308, "fair_value": 97.955572, "relative_strength": -22.16089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.766963, "energy": 30.594866, "activity_lines": [ 107.886505, 109.358668, 108.398631, 109.624935 ] }, { "date": "2025-12-12", "close": 104.765182, "volume": 120049, "typical_volume": 330976.8, "trend": 111.462461, "fair_value": 98.184282, "relative_strength": -25.35375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.740881, "energy": 39.774174, "activity_lines": [ 106.619434, 108.515827, 108.067515, 109.161121 ] }, { "date": "2025-12-19", "close": 106.155869, "volume": 118111, "typical_volume": 256744.15, "trend": 111.031353, "fair_value": 98.417221, "relative_strength": -22.653904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.481759, "energy": 42.548146, "activity_lines": [ 106.495816, 107.942694, 107.954935, 108.81876 ] }, { "date": "2025-12-26", "close": 105.692307, "volume": 62133, "typical_volume": 238249.05, "trend": 110.584793, "fair_value": 98.664059, "relative_strength": -24.930759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.596609, "energy": 44.192528, "activity_lines": [ 106.217678, 107.285278, 107.800414, 108.474305 ] }, { "date": "2026-01-02", "close": 105.692307, "volume": 83039, "typical_volume": 221200.15, "trend": 110.080702, "fair_value": 98.915115, "relative_strength": -26.596218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.058882, "energy": 43.816923, "activity_lines": [ 105.877732, 106.720574, 107.643686, 108.158661 ] }, { "date": "2026-01-09", "close": 106.155869, "volume": 279001, "typical_volume": 223742.0, "trend": 109.617139, "fair_value": 99.167737, "relative_strength": -28.152178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.362985, "energy": 30.032594, "activity_lines": [ 105.846828, 106.332867, 107.522276, 107.905446 ] }, { "date": "2026-01-16", "close": 105.692307, "volume": 224204, "typical_volume": 220649.45, "trend": 109.230837, "fair_value": 99.39583, "relative_strength": -30.478955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.709882, "energy": 30.506443, "activity_lines": [ 105.846828, 106.071586, 107.347889, 107.652231 ] }, { "date": "2026-01-23", "close": 105.228745, "volume": 197002, "typical_volume": 221297.55, "trend": 108.73637, "fair_value": 99.633135, "relative_strength": -31.399995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.58006, "energy": 29.741351, "activity_lines": [ 105.630499, 105.894589, 107.135974, 107.394031 ] }, { "date": "2026-01-30", "close": 105.692307, "volume": 276058, "typical_volume": 202989.7, "trend": 108.257355, "fair_value": 99.86732, "relative_strength": -30.756314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.996619, "energy": 26.585532, "activity_lines": [ 105.630499, 105.818733, 106.970416, 107.19764 ] }, { "date": "2026-02-06", "close": 104.765182, "volume": 211181, "typical_volume": 204388.55, "trend": 107.824696, "fair_value": 100.092751, "relative_strength": -30.15241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.949633, "energy": 30.026954, "activity_lines": [ 105.321457, 105.557453, 106.709938, 106.972339 ] }, { "date": "2026-02-13", "close": 105.692307, "volume": 109000, "typical_volume": 202273.8, "trend": 107.345682, "fair_value": 100.331622, "relative_strength": -32.659646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.11805, "energy": 30.567354, "activity_lines": [ 105.383265, 105.523739, 106.542172, 106.834765 ] }, { "date": "2026-02-27", "close": 110.791496, "volume": 404158, "typical_volume": 217530.3, "trend": 106.943927, "fair_value": 100.594276, "relative_strength": -32.296571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 19.90541, "energy": 12.421942, "activity_lines": [ 107.175708, 106.476149, 106.857836, 107.057076 ] }, { "date": "2026-03-06", "close": 110.791496, "volume": 642354, "typical_volume": 245197.55, "trend": 107.082996, "fair_value": 100.852244, "relative_strength": -27.785373, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.558806, "energy": 31.701124, "activity_lines": [ 108.628204, 107.31899, 107.149219, 107.305306 ] }, { "date": "2026-03-13", "close": 108.010124, "volume": 439265, "typical_volume": 249011.6, "trend": 107.175708, "fair_value": 101.10363, "relative_strength": -28.319821, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.634826, "energy": 23.38645, "activity_lines": [ 108.782726, 107.571844, 107.153634, 107.365121 ] }, { "date": "2026-03-20", "close": 112.18219, "volume": 348116, "typical_volume": 262366.25, "trend": 107.453846, "fair_value": 101.384104, "relative_strength": -24.992177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.738345, "energy": 51.805607, "activity_lines": [ 110.173416, 108.541112, 107.568633, 107.68812 ] }, { "date": "2026-03-27", "close": 110.327934, "volume": 173057, "typical_volume": 247332.1, "trend": 107.654723, "fair_value": 101.653159, "relative_strength": -24.457721, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.937381, "energy": 52.333627, "activity_lines": [ 110.451553, 109.055245, 107.800414, 107.873545 ] }, { "date": "2026-04-03", "close": 108.473686, "volume": 159368, "typical_volume": 231426.95, "trend": 107.701079, "fair_value": 101.908454, "relative_strength": -23.683053, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.120525, "energy": 31.67718, "activity_lines": [ 109.802565, 109.156386, 107.89092, 107.926381 ] }, { "date": "2026-04-10", "close": 111.255058, "volume": 112015, "typical_volume": 217414.45, "trend": 107.886504, "fair_value": 102.191419, "relative_strength": -27.149855, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.69533, "energy": 39.334065, "activity_lines": [ 110.235223, 109.712661, 108.277222, 108.15567 ] }, { "date": "2026-04-17", "close": 113.109314, "volume": 284567, "typical_volume": 222292.5, "trend": 108.180094, "fair_value": 102.494707, "relative_strength": -27.909601, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.961976, "energy": 42.432338, "activity_lines": [ 111.255061, 110.496504, 108.815838, 108.492625 ] }, { "date": "2026-04-24", "close": 110.327934, "volume": 474413, "typical_volume": 240860.95, "trend": 108.334615, "fair_value": 102.782039, "relative_strength": -32.574385, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.418755, "energy": 32.314901, "activity_lines": [ 111.007827, 110.639787, 109.049826, 108.631196 ] }, { "date": "2026-05-01", "close": 111.255058, "volume": 232008, "typical_volume": 247454.95, "trend": 108.535492, "fair_value": 103.078126, "relative_strength": -30.980381, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.79274, "energy": 36.648387, "activity_lines": [ 111.193251, 110.850497, 109.361075, 108.819611 ] }, { "date": "2026-05-08", "close": 111.718628, "volume": 322530, "typical_volume": 257579.0, "trend": 108.73637, "fair_value": 103.373436, "relative_strength": -34.223162, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.070152, "energy": 37.752532, "activity_lines": [ 111.471391, 111.044351, 109.705437, 109.024975 ] }, { "date": "2026-05-15", "close": 109.40081, "volume": 288117, "typical_volume": 266079.3, "trend": 108.844534, "fair_value": 103.651545, "relative_strength": -33.987562, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.517888, "energy": 20.432623, "activity_lines": [ 110.760595, 110.799927, 109.795942, 109.067842 ] }, { "date": "2026-05-22", "close": 110.791496, "volume": 238003, "typical_volume": 274872.8, "trend": 108.844534, "fair_value": 103.932008, "relative_strength": -33.982202, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.122124, "energy": 19.11768, "activity_lines": [ 110.636977, 110.83364, 110.003441, 109.193453 ] }, { "date": "2026-05-29", "close": 111.718628, "volume": 394525, "typical_volume": 290447.1, "trend": 108.875439, "fair_value": 104.214664, "relative_strength": -36.169744, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.092945, "energy": 21.158129, "activity_lines": [ 110.976925, 110.985352, 110.274957, 109.378878 ] }, { "date": "2026-06-05", "close": 115.890686, "volume": 641152, "typical_volume": 308554.65, "trend": 108.81363, "fair_value": 104.521722, "relative_strength": -33.296647, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.023196, "energy": 43.298941, "activity_lines": [ 112.614845, 111.904049, 110.915115, 109.831475 ] }, { "date": "2026-06-12", "close": 113.5, "volume": 1281616, "typical_volume": 361425.25, "trend": 108.764845, "fair_value": 104.805019, "relative_strength": -32.323162, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.419071, "energy": 47.841115, "activity_lines": [ 113.146829, 112.286934, 111.281232, 110.133821 ] }, { "date": "2026-06-19", "close": 111.0, "volume": 388722, "typical_volume": 371011.25, "trend": 108.926316, "fair_value": 105.069947, "relative_strength": -36.097255, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.559367, "energy": 41.76529, "activity_lines": [ 112.726721, 112.123887, 111.372075, 110.278025 ] }, { "date": "2026-06-26", "close": 108.5, "volume": 278214, "typical_volume": 371119.05, "trend": 109.05081, "fair_value": 105.316422, "relative_strength": -33.901829, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.100612, "energy": 16.595577, "activity_lines": [ 111.366667, 111.510931, 111.19734, 110.25052 ] }, { "date": "2026-07-03", "close": 109.5, "volume": 435402, "typical_volume": 382330.1, "trend": 109.100472, "fair_value": 105.577166, "relative_strength": -35.43894, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.662226, "energy": 13.647013, "activity_lines": [ 110.492712, 111.1636, 111.104473, 110.2795 ] }, { "date": "2026-07-10", "close": 110.0, "volume": 0, "typical_volume": 376880.1, "trend": 109.135897, "fair_value": 105.843212, "relative_strength": -32.060083, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.853773, "energy": 15.212596, "activity_lines": [ 109.933333, 110.922231, 111.036678, 110.337534 ] }, { "date": "2026-07-17", "close": 109.5, "volume": 78000, "typical_volume": 360572.2, "trend": 109.293725, "fair_value": 106.111292, "relative_strength": -27.091175, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.880032, "energy": 14.928721, "activity_lines": [ 109.6, 110.612771, 110.900752, 110.361025 ] }, { "date": "2026-07-24", "close": 109.5, "volume": 132010, "typical_volume": 335055.0, "trend": 109.405196, "fair_value": 106.382516, "relative_strength": -27.69633, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.385809, "energy": 12.062749, "activity_lines": [ 109.533333, 110.343651, 110.770976, 110.374333 ] }, { "date": "2026-07-31", "close": 110.0, "volume": 480278, "typical_volume": 337105.65, "trend": 109.548785, "fair_value": 106.651705, "relative_strength": -25.344677, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.06055, "energy": 10.477808, "activity_lines": [ 109.733333, 110.163636, 110.694968, 110.412707 ] }, { "date": "2026-08-07", "close": 110.5, "volume": 179148, "typical_volume": 328657.25, "trend": 109.709042, "fair_value": 106.927243, "relative_strength": -26.027156, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.827652, "energy": 7.062886, "activity_lines": [ 110.0, 110.088922, 110.657104, 110.474076 ] }, { "date": "2026-08-14", "close": 109.5, "volume": 301278, "typical_volume": 335068.3, "trend": 109.820513, "fair_value": 107.187464, "relative_strength": -28.421802, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.536893, "energy": 8.960284, "activity_lines": [ 109.866667, 109.854545, 110.532013, 110.46059 ] }, { "date": "2026-08-21", "close": 110.0, "volume": 169042, "typical_volume": 335552.0, "trend": 109.964103, "fair_value": 107.414212, "relative_strength": -26.38425, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.89699, "energy": 4.447585, "activity_lines": [ 109.933333, 109.827273, 110.458483, 110.472169 ] } ], "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." } } }