{ "ticker": { "uuid": "6e93e760-55d1-48da-a88f-ede817d3cd33", "symbol": "6111", "name": "Star Fusion Group Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -74.119, "architecture_energy": 81.876, "architecture_maturity": 26.283, "architecture_confidence": 85.377, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 0.0, "rotation_up": 9.68, "upward_expansion": 19.04, "deceleration": 37.17, "rotation_down": 80.91, "downward_expansion": 97.04 }, "activity_lines": [ 38.05, 39.677273, 42.091191, 42.984946 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 37.25, "trend_reference": 44.006667, "distance_from_trend": -0.153537, "trend_direction": "Weakening", "fair_value": 58.267045, "distance_from_fair_value": -0.360702, "fair_value_direction": "Weakening", "relative_strength": -43.376057, "relative_strength_direction": "Weakening", "price_momentum": -0.133721, "excess_performance": -0.575093, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.153537, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.044476, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.360702, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.160096, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.433761, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.103009, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.133721, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.351405, "read": "Supply-led" } ], "volume": { "latest": 628295, "relative_activity": 0.379758, "balance": 0.351405, "dry_up": 0.536399, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.076407, "annualized_volatility": 0.289645, "from_high_reference": -0.31146, "from_low_reference": 0.041958 }, "levels": { "trend_reference": 44.006667, "fair_value_reference": 58.267045, "structural_low": 35.75, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.003662, "positive_rate": 0.535714, "directional_follow_through": 0.428571, "median_excess_return": -0.020659, "regime_survival": 0.714286, "best_return": 0.258197, "worst_return": -0.138796, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.003444, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.032254, "regime_survival": 0.5, "best_return": 0.3286, "worst_return": -0.127451, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.076659, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.14229, "regime_survival": 0.333333, "best_return": 0.21982, "worst_return": -0.134454, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.047393, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.345521, "regime_survival": 0.333333, "best_return": 1.09511, "worst_return": -0.1733, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-29", "end": "2024-05-10", "tenure": "Developing", "return": 0.041429, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-05-31", "tenure": "New", "return": 0.001401, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-07-26", "tenure": "Developing", "return": -0.075209, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2025-02-21", "tenure": "Extended", "return": -0.01735, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.147152, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.155102, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": -0.110124, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-09-12", "tenure": "Established", "return": 0.035176, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-11-21", "tenure": "Developing", "return": -0.143536, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-04-17", "tenure": "Established", "return": 0.049073, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.013598, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": -0.07282, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.048864, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-14", "tenure": "Developing", "return": -0.147597, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 61.836433, "volume": 11692219, "typical_volume": 31200947.3, "trend": 62.395361, "fair_value": 46.620249, "relative_strength": 5.602254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.917627, "energy": 23.007464, "activity_lines": [ 67.960095, 73.745673, 72.633661, 68.186656 ] }, { "date": "2023-08-18", "close": 66.744087, "volume": 12268757, "typical_volume": 31305728.75, "trend": 62.902485, "fair_value": 46.820874, "relative_strength": 14.995891, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.351324, "energy": 24.366298, "activity_lines": [ 66.024298, 72.179685, 72.421385, 68.467219 ] }, { "date": "2023-08-25", "close": 66.171532, "volume": 8694705, "typical_volume": 31650873.5, "trend": 63.393251, "fair_value": 47.01525, "relative_strength": 12.73158, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.724866, "energy": 22.615795, "activity_lines": [ 65.582611, 70.583955, 72.079797, 68.678125 ] }, { "date": "2023-09-01", "close": 67.599998, "volume": 8809000, "typical_volume": 31341885.1, "trend": 63.874376, "fair_value": 47.227379, "relative_strength": 13.408957, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.685552, "energy": 18.839519, "activity_lines": [ 66.178732, 69.334202, 71.801808, 68.949528 ] }, { "date": "2023-09-08", "close": 70.400002, "volume": 9104000, "typical_volume": 31247879.7, "trend": 64.549714, "fair_value": 47.476941, "relative_strength": 18.027625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.879068, "energy": 11.140574, "activity_lines": [ 67.74928, 68.754951, 71.73149, 69.370536 ] }, { "date": "2023-09-15", "close": 67.400002, "volume": 6549000, "typical_volume": 30886714.7, "trend": 65.15777, "fair_value": 47.692946, "relative_strength": 10.209556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.42691, "energy": 11.431527, "activity_lines": [ 68.032478, 67.844849, 71.293393, 69.554426 ] }, { "date": "2023-09-22", "close": 66.0, "volume": 3317000, "typical_volume": 26477706.15, "trend": 65.800953, "fair_value": 47.901982, "relative_strength": 11.320935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.577634, "energy": 10.66647, "activity_lines": [ 67.478103, 67.098067, 70.685342, 69.608763 ] }, { "date": "2023-09-29", "close": 65.699997, "volume": 3103000, "typical_volume": 25140438.3, "trend": 66.412324, "fair_value": 48.108235, "relative_strength": 10.26975, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.440307, "energy": 10.850759, "activity_lines": [ 66.873333, 66.769803, 70.098223, 69.60225 ] }, { "date": "2023-10-06", "close": 67.199997, "volume": 3776000, "typical_volume": 24930446.9, "trend": 67.065516, "fair_value": 48.314075, "relative_strength": 10.989397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.5795, "energy": 13.834243, "activity_lines": [ 66.799999, 66.876017, 69.684251, 69.653068 ] }, { "date": "2023-10-13", "close": 65.5, "volume": 1714000, "typical_volume": 24063305.65, "trend": 67.694759, "fair_value": 48.523345, "relative_strength": 5.959035, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.199267, "energy": 29.34655, "activity_lines": [ 66.186665, 66.691621, 69.120614, 69.552067 ] }, { "date": "2023-10-20", "close": 63.299999, "volume": 3297000, "typical_volume": 22713848.5, "trend": 68.182507, "fair_value": 48.700746, "relative_strength": 3.927659, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -38.395224, "energy": 43.841858, "activity_lines": [ 65.166665, 66.117947, 68.345977, 69.268534 ] }, { "date": "2023-10-27", "close": 69.199997, "volume": 6301000, "typical_volume": 21518658.25, "trend": 68.787854, "fair_value": 48.902501, "relative_strength": 14.827972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -23.944012, "energy": 24.659604, "activity_lines": [ 66.386665, 66.59039, 68.176521, 69.334178 ] }, { "date": "2023-11-03", "close": 71.0, "volume": 9689000, "typical_volume": 21386560.5, "trend": 69.455927, "fair_value": 49.122385, "relative_strength": 14.238439, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 0.690501, "energy": 4.997472, "activity_lines": [ 67.993332, 67.345453, 68.186273, 69.476897 ] }, { "date": "2023-11-10", "close": 73.800003, "volume": 9668000, "typical_volume": 19949146.7, "trend": 70.075557, "fair_value": 49.349043, "relative_strength": 16.624364, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.122628, "energy": 19.675172, "activity_lines": [ 70.18, 68.521818, 68.462291, 69.75716 ] }, { "date": "2023-11-17", "close": 70.400002, "volume": 10332000, "typical_volume": 15555013.4, "trend": 70.650016, "fair_value": 49.544113, "relative_strength": 7.168376, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.46645, "energy": 21.287703, "activity_lines": [ 70.793334, 68.967273, 68.427249, 69.778092 ] }, { "date": "2023-11-24", "close": 72.0, "volume": 5005000, "typical_volume": 11779431.05, "trend": 71.059689, "fair_value": 49.756557, "relative_strength": 8.41176, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.552296, "energy": 27.364746, "activity_lines": [ 71.613334, 69.703636, 68.600794, 69.865188 ] }, { "date": "2023-12-01", "close": 78.300003, "volume": 27016000, "typical_volume": 10368115.5, "trend": 71.123163, "fair_value": 50.021248, "relative_strength": 15.839893, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.171069, "energy": 54.865534, "activity_lines": [ 73.953335, 71.501819, 69.461875, 70.332305 ] }, { "date": "2023-12-08", "close": 75.800003, "volume": 12965000, "typical_volume": 9410135.35, "trend": 71.247806, "fair_value": 50.260762, "relative_strength": 11.635383, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.313393, "energy": 52.405201, "activity_lines": [ 74.853336, 72.621819, 70.150187, 70.634037 ] }, { "date": "2023-12-15", "close": 79.699997, "volume": 23583000, "typical_volume": 9549425.3, "trend": 71.57879, "fair_value": 50.524937, "relative_strength": 14.48907, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.589201, "energy": 63.310248, "activity_lines": [ 76.733334, 74.267273, 71.204195, 71.179339 ] }, { "date": "2023-12-22", "close": 80.0, "volume": 10210000, "typical_volume": 9354684.05, "trend": 72.072457, "fair_value": 50.787986, "relative_strength": 14.788567, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.014091, "energy": 64.670563, "activity_lines": [ 78.32, 75.740001, 72.232092, 71.722643 ] }, { "date": "2023-12-29", "close": 77.0, "volume": 8994000, "typical_volume": 9219773.1, "trend": 72.226193, "fair_value": 51.038567, "relative_strength": 8.018254, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.203493, "energy": 47.548383, "activity_lines": [ 78.266667, 76.403637, 72.908034, 72.040549 ] }, { "date": "2024-01-05", "close": 78.0, "volume": 9325000, "typical_volume": 9072585.25, "trend": 72.465067, "fair_value": 51.28453, "relative_strength": 11.621955, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.899876, "energy": 38.618282, "activity_lines": [ 78.213333, 77.0, 73.607007, 72.413053 ] }, { "date": "2024-01-12", "close": 78.0, "volume": 13093000, "typical_volume": 9292500.0, "trend": 72.701214, "fair_value": 51.528655, "relative_strength": 11.272439, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.789321, "energy": 38.965292, "activity_lines": [ 78.18, 77.436364, 74.252381, 72.770145 ] }, { "date": "2024-01-19", "close": 79.900002, "volume": 7538779, "typical_volume": 9228988.95, "trend": 72.815294, "fair_value": 51.766945, "relative_strength": 12.332716, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.830182, "energy": 37.959454, "activity_lines": [ 78.633334, 78.09091, 75.022381, 73.234583 ] }, { "date": "2024-01-26", "close": 77.5, "volume": 36665000, "typical_volume": 10607038.95, "trend": 72.658521, "fair_value": 51.996835, "relative_strength": 6.621159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.585643, "energy": 32.459619, "activity_lines": [ 78.273334, 78.198182, 75.505238, 73.536822 ] }, { "date": "2024-02-02", "close": 75.0, "volume": 5716000, "typical_volume": 10565388.95, "trend": 72.145767, "fair_value": 52.217685, "relative_strength": 2.447442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.8361, "energy": 23.228096, "activity_lines": [ 77.246667, 77.721818, 75.716191, 73.687886 ] }, { "date": "2024-02-09", "close": 74.099998, "volume": 1015000, "typical_volume": 10450288.95, "trend": 71.548483, "fair_value": 52.439383, "relative_strength": 0.596921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.535434, "energy": 16.717292, "activity_lines": [ 76.053333, 77.027273, 75.805238, 73.813965 ] }, { "date": "2024-02-16", "close": 78.199997, "volume": 2952000, "typical_volume": 10442738.95, "trend": 71.668606, "fair_value": 52.695451, "relative_strength": 2.747965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.59663, "energy": 19.317435, "activity_lines": [ 76.486665, 77.154545, 76.24619, 74.243095 ] }, { "date": "2024-02-23", "close": 74.900002, "volume": 3696000, "typical_volume": 10438738.95, "trend": 71.891393, "fair_value": 52.932572, "relative_strength": -3.489162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.881193, "energy": 17.472594, "activity_lines": [ 75.806666, 76.638182, 76.313333, 74.451572 ] }, { "date": "2024-03-01", "close": 74.300003, "volume": 2445000, "typical_volume": 10475288.95, "trend": 72.165068, "fair_value": 53.159228, "relative_strength": -4.894587, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.835257, "energy": 11.663277, "activity_lines": [ 75.260001, 76.1, 76.286667, 74.606966 ] }, { "date": "2024-03-08", "close": 73.699997, "volume": 4201000, "typical_volume": 10520488.95, "trend": 72.560521, "fair_value": 53.387553, "relative_strength": -9.989002, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.565984, "energy": 8.316095, "activity_lines": [ 74.726666, 75.556363, 76.160952, 74.705994 ] }, { "date": "2024-03-15", "close": 74.5, "volume": 9244000, "typical_volume": 10667638.95, "trend": 72.819051, "fair_value": 53.633506, "relative_strength": -8.861894, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.400987, "energy": 11.811562, "activity_lines": [ 74.546667, 75.218182, 76.061905, 74.831122 ] }, { "date": "2024-03-22", "close": 69.599998, "volume": 2365000, "typical_volume": 10301438.95, "trend": 72.933333, "fair_value": 53.848784, "relative_strength": -17.300635, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.557988, "energy": 31.405455, "activity_lines": [ 72.706666, 74.052727, 75.470952, 74.623441 ] }, { "date": "2024-03-29", "close": 70.0, "volume": 1847000, "typical_volume": 9910388.95, "trend": 73.013333, "fair_value": 54.063685, "relative_strength": -17.185006, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.040455, "energy": 43.269798, "activity_lines": [ 71.573333, 73.112727, 74.924762, 74.434193 ] }, { "date": "2024-04-05", "close": 70.199997, "volume": 1124000, "typical_volume": 9449988.95, "trend": 73.006666, "fair_value": 54.274353, "relative_strength": -17.214048, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.809807, "energy": 47.703093, "activity_lines": [ 70.833332, 72.38909, 74.415714, 74.252688 ] }, { "date": "2024-04-12", "close": 72.800003, "volume": 2606000, "typical_volume": 9330038.95, "trend": 73.186667, "fair_value": 54.50132, "relative_strength": -15.817051, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.711702, "energy": 46.536308, "activity_lines": [ 71.233333, 72.270909, 74.155238, 74.239355 ] }, { "date": "2024-04-19", "close": 70.099998, "volume": 4232000, "typical_volume": 8190838.95, "trend": 73.323333, "fair_value": 54.719436, "relative_strength": -13.990924, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.754877, "energy": 39.856705, "activity_lines": [ 70.793333, 71.701818, 73.633809, 74.040215 ] }, { "date": "2024-04-26", "close": 71.0, "volume": 1585000, "typical_volume": 7621838.95, "trend": 73.5, "fair_value": 54.939644, "relative_strength": -15.337243, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.7885, "energy": 31.042861, "activity_lines": [ 70.946666, 71.36909, 73.237142, 73.890322 ] }, { "date": "2024-05-03", "close": 71.099998, "volume": 1798000, "typical_volume": 6532588.95, "trend": 73.63, "fair_value": 55.155714, "relative_strength": -15.550672, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.678164, "energy": 22.531497, "activity_lines": [ 71.039999, 71.185454, 72.872857, 73.735484 ] }, { "date": "2024-05-10", "close": 72.900002, "volume": 2864000, "typical_volume": 6165288.95, "trend": 73.876667, "fair_value": 55.370455, "relative_strength": -14.547702, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -39.865765, "energy": 24.912591, "activity_lines": [ 71.66, 71.398181, 72.720952, 73.688387 ] }, { "date": "2024-05-17", "close": 71.400002, "volume": 3534000, "typical_volume": 5892288.95, "trend": 74.146667, "fair_value": 55.588448, "relative_strength": -18.104825, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.958035, "energy": 21.319473, "activity_lines": [ 71.600001, 71.363637, 72.46, 73.528602 ] }, { "date": "2024-05-24", "close": 72.199997, "volume": 3419000, "typical_volume": 5596988.95, "trend": 74.246667, "fair_value": 55.848333, "relative_strength": -18.134651, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.469714, "energy": 17.73304, "activity_lines": [ 71.9, 71.516363, 72.301904, 73.40301 ] }, { "date": "2024-05-31", "close": 71.5, "volume": 2980000, "typical_volume": 5091338.95, "trend": 74.263333, "fair_value": 56.087922, "relative_strength": -17.057956, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.015096, "energy": 16.44796, "activity_lines": [ 71.826666, 71.583636, 72.104762, 73.225806 ] }, { "date": "2024-06-07", "close": 71.800003, "volume": 2394000, "typical_volume": 4834100.0, "trend": 74.196667, "fair_value": 56.327229, "relative_strength": -18.968606, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.481654, "energy": 17.611591, "activity_lines": [ 71.820001, 71.670909, 71.967143, 73.066882 ] }, { "date": "2024-06-14", "close": 71.400002, "volume": 1637000, "typical_volume": 3082700.0, "trend": 74.23, "fair_value": 56.563971, "relative_strength": -21.387803, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.936443, "energy": 22.199373, "activity_lines": [ 71.633335, 71.652728, 71.83, 72.886452 ] }, { "date": "2024-06-21", "close": 71.407013, "volume": 4748991, "typical_volume": 3034349.55, "trend": 74.210234, "fair_value": 56.796347, "relative_strength": -23.409559, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.352993, "energy": 24.516845, "activity_lines": [ 71.549005, 71.614003, 71.722573, 72.704323 ] }, { "date": "2024-06-28", "close": 74.800003, "volume": 17278140, "typical_volume": 3847506.55, "trend": 74.093567, "fair_value": 57.044591, "relative_strength": -18.368798, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.261797, "energy": 5.793864, "activity_lines": [ 72.595205, 72.217512, 71.955397, 72.742373 ] }, { "date": "2024-07-05", "close": 72.199997, "volume": 4278000, "typical_volume": 3913806.55, "trend": 73.973567, "fair_value": 57.272123, "relative_strength": -22.071568, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.90525, "energy": 10.357387, "activity_lines": [ 72.601403, 72.262839, 71.937268, 72.620207 ] }, { "date": "2024-07-12", "close": 70.5, "volume": 4786000, "typical_volume": 3968306.55, "trend": 73.6669, "fair_value": 57.449422, "relative_strength": -24.171846, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.660934, "energy": 12.235121, "activity_lines": [ 71.994268, 71.977257, 71.785806, 72.396106 ] }, { "date": "2024-07-19", "close": 66.599998, "volume": 6950000, "typical_volume": 4193556.55, "trend": 73.220234, "fair_value": 57.593632, "relative_strength": -24.536987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.673612, "energy": 38.736123, "activity_lines": [ 70.1738, 70.993492, 71.283868, 71.940177 ] }, { "date": "2024-07-26", "close": 66.400002, "volume": 2163000, "typical_volume": 4091656.55, "trend": 72.8669, "fair_value": 57.734354, "relative_strength": -21.845178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.891706, "energy": 64.58711, "activity_lines": [ 68.606667, 70.087911, 70.799549, 71.500162 ] }, { "date": "2024-08-02", "close": 63.400002, "volume": 2220000, "typical_volume": 3740456.55, "trend": 72.380234, "fair_value": 57.85364, "relative_strength": -23.3356, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.301683, "energy": 78.415448, "activity_lines": [ 66.373334, 68.727783, 70.064277, 70.889394 ] }, { "date": "2024-08-09", "close": 59.799999, "volume": 4157000, "typical_volume": 3830056.55, "trend": 71.773567, "fair_value": 57.96529, "relative_strength": -26.773134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.906681, "energy": 83.996324, "activity_lines": [ 63.7, 66.87311, 69.039006, 70.077766 ] }, { "date": "2024-08-16", "close": 62.299999, "volume": 1811000, "typical_volume": 3828256.55, "trend": 71.1869, "fair_value": 58.075319, "relative_strength": -26.236875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.846048, "energy": 78.916736, "activity_lines": [ 62.686667, 65.68571, 68.298496, 69.466568 ] }, { "date": "2024-08-23", "close": 61.099998, "volume": 1234000, "typical_volume": 3833756.55, "trend": 70.640234, "fair_value": 58.203757, "relative_strength": -26.563281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.074589, "energy": 79.535185, "activity_lines": [ 61.819999, 64.452854, 67.480367, 68.815801 ] }, { "date": "2024-08-30", "close": 63.299999, "volume": 2344000, "typical_volume": 3820656.55, "trend": 70.250234, "fair_value": 58.35218, "relative_strength": -23.819561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.174286, "energy": 60.411766, "activity_lines": [ 62.053332, 63.807272, 66.915096, 68.342237 ] }, { "date": "2024-09-06", "close": 64.699997, "volume": 2305000, "typical_volume": 3724306.55, "trend": 69.9369, "fair_value": 58.492667, "relative_strength": -18.593607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.38592, "energy": 42.098372, "activity_lines": [ 62.959998, 63.563635, 66.528395, 67.984157 ] }, { "date": "2024-09-13", "close": 63.0, "volume": 7028000, "typical_volume": 3996456.55, "trend": 69.430234, "fair_value": 58.622623, "relative_strength": -21.471411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.521948, "energy": 32.912701, "activity_lines": [ 63.213332, 63.194545, 66.005505, 67.536615 ] }, { "date": "2024-09-20", "close": 61.900002, "volume": 1238000, "typical_volume": 3968456.55, "trend": 68.9969, "fair_value": 58.755823, "relative_strength": -23.739416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.574258, "energy": 31.329834, "activity_lines": [ 62.886666, 62.792727, 65.415948, 67.050794 ] }, { "date": "2024-09-27", "close": 63.700001, "volume": 2692000, "typical_volume": 3959856.55, "trend": 68.643567, "fair_value": 58.911957, "relative_strength": -23.309105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.721174, "energy": 27.454741, "activity_lines": [ 63.186667, 62.874545, 65.041629, 66.709058 ] }, { "date": "2024-10-04", "close": 61.299999, "volume": 784000, "typical_volume": 3822356.55, "trend": 68.230234, "fair_value": 59.047192, "relative_strength": -23.947472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.396726, "energy": 36.110053, "activity_lines": [ 62.513333, 62.572727, 64.482548, 66.23528 ] }, { "date": "2024-10-11", "close": 61.400002, "volume": 1071000, "typical_volume": 3704956.55, "trend": 67.793567, "fair_value": 59.205862, "relative_strength": -25.330122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.27184, "energy": 37.280364, "activity_lines": [ 62.006668, 62.381818, 63.981086, 65.79462 ] }, { "date": "2024-10-18", "close": 60.299999, "volume": 1289000, "typical_volume": 3620406.55, "trend": 67.483567, "fair_value": 59.359319, "relative_strength": -28.001619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.579638, "energy": 42.838025, "activity_lines": [ 61.353334, 62.027273, 63.426291, 65.311164 ] }, { "date": "2024-10-25", "close": 63.0, "volume": 2001000, "typical_volume": 3600756.55, "trend": 67.250234, "fair_value": 59.529348, "relative_strength": -23.675819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.479457, "energy": 34.359455, "activity_lines": [ 61.78, 62.154546, 63.181971, 65.021901 ] }, { "date": "2024-11-01", "close": 64.599998, "volume": 4433000, "typical_volume": 3740556.55, "trend": 67.063567, "fair_value": 59.704486, "relative_strength": -19.140272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.498578, "energy": 22.482428, "activity_lines": [ 62.666666, 62.56, 63.131938, 64.850918 ] }, { "date": "2024-11-08", "close": 63.799999, "volume": 3989000, "typical_volume": 3702557.0, "trend": 66.763567, "fair_value": 59.864522, "relative_strength": -22.031952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.373145, "energy": 17.705183, "activity_lines": [ 63.226666, 62.756363, 63.038095, 64.640366 ] }, { "date": "2024-11-15", "close": 61.799999, "volume": 1816000, "typical_volume": 2929450.0, "trend": 66.4869, "fair_value": 60.01097, "relative_strength": -21.183267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.981659, "energy": 18.652935, "activity_lines": [ 62.953332, 62.579999, 62.79, 64.320135 ] }, { "date": "2024-11-22", "close": 61.0, "volume": 889171, "typical_volume": 2760008.55, "trend": 66.153567, "fair_value": 60.144235, "relative_strength": -22.099784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.292367, "energy": 21.265601, "activity_lines": [ 62.386666, 62.310909, 62.527619, 63.966142 ] }, { "date": "2024-11-29", "close": 59.099998, "volume": 1836000, "typical_volume": 2612508.55, "trend": 65.753567, "fair_value": 60.268772, "relative_strength": -21.540266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.64214, "energy": 40.623643, "activity_lines": [ 61.139999, 61.732726, 62.137618, 63.511073 ] }, { "date": "2024-12-06", "close": 61.299999, "volume": 2475000, "typical_volume": 2388758.55, "trend": 65.3669, "fair_value": 60.412399, "relative_strength": -21.115505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.200143, "energy": 43.164989, "activity_lines": [ 60.886666, 61.605454, 62.011428, 63.223746 ] }, { "date": "2024-12-13", "close": 57.799999, "volume": 989000, "typical_volume": 2330058.55, "trend": 64.913567, "fair_value": 60.528603, "relative_strength": -24.191563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.090968, "energy": 62.919051, "activity_lines": [ 59.686666, 60.885454, 61.577142, 62.735559 ] }, { "date": "2024-12-20", "close": 56.0, "volume": 1499000, "typical_volume": 2294008.55, "trend": 64.373567, "fair_value": 60.610254, "relative_strength": -23.978914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.115161, "energy": 72.16192, "activity_lines": [ 58.286666, 59.901817, 61.01238, 62.16049 ] }, { "date": "2024-12-27", "close": 57.299999, "volume": 1029000, "typical_volume": 2137608.55, "trend": 63.900234, "fair_value": 60.646539, "relative_strength": -23.953232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.725481, "energy": 67.304752, "activity_lines": [ 57.706666, 59.252726, 60.606666, 61.704131 ] }, { "date": "2025-01-03", "close": 56.0, "volume": 942000, "typical_volume": 2094158.55, "trend": 63.373567, "fair_value": 60.637284, "relative_strength": -23.575137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.458188, "energy": 73.274797, "activity_lines": [ 56.94, 58.421817, 60.089047, 61.194438 ] }, { "date": "2025-01-10", "close": 56.400002, "volume": 3959000, "typical_volume": 2230408.55, "trend": 62.873567, "fair_value": 60.611414, "relative_strength": -22.441646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.173205, "energy": 61.287022, "activity_lines": [ 56.513334, 57.790909, 59.639523, 60.744531 ] }, { "date": "2025-01-17", "close": 58.0, "volume": 2581000, "typical_volume": 2242258.55, "trend": 62.426666, "fair_value": 60.563197, "relative_strength": -19.727304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.903436, "energy": 41.665821, "activity_lines": [ 56.946667, 57.6, 59.364762, 60.430107 ] }, { "date": "2025-01-24", "close": 58.0, "volume": 4855000, "typical_volume": 2369758.55, "trend": 61.866666, "fair_value": 60.603968, "relative_strength": -20.108496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.561382, "energy": 34.83851, "activity_lines": [ 57.366667, 57.514545, 59.115238, 60.144516 ] }, { "date": "2025-02-07", "close": 56.599998, "volume": 1387908, "typical_volume": 2087753.95, "trend": 61.346666, "fair_value": 60.648424, "relative_strength": -21.022983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.90785, "energy": 33.022823, "activity_lines": [ 57.186666, 57.243636, 58.764285, 59.804731 ] }, { "date": "2025-02-14", "close": 57.799999, "volume": 1473621, "typical_volume": 2099535.0, "trend": 60.923333, "fair_value": 60.710161, "relative_strength": -17.382197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.324665, "energy": 23.399649, "activity_lines": [ 57.453333, 57.270909, 58.558095, 59.575913 ] }, { "date": "2025-02-21", "close": 62.299999, "volume": 6007285, "typical_volume": 2265299.25, "trend": 60.78, "fair_value": 60.783866, "relative_strength": -12.236666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.968617, "energy": 11.31023, "activity_lines": [ 59.099999, 58.139999, 58.799999, 59.664731 ] }, { "date": "2025-02-28", "close": 63.200001, "volume": 8510597, "typical_volume": 2651629.1, "trend": 60.673333, "fair_value": 60.864109, "relative_strength": -7.627269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.00215, "energy": 11.52927, "activity_lines": [ 60.653333, 59.154545, 59.134285, 59.82086 ] }, { "date": "2025-03-07", "close": 61.299999, "volume": 5521436, "typical_volume": 2874150.9, "trend": 60.603333, "fair_value": 60.917212, "relative_strength": -7.788762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.323657, "energy": 19.820125, "activity_lines": [ 61.226666, 59.725454, 59.278571, 59.86129 ] }, { "date": "2025-03-14", "close": 56.200001, "volume": 2196277, "typical_volume": 2919514.75, "trend": 60.483333, "fair_value": 60.910773, "relative_strength": -12.453581, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.345303, "energy": 18.607116, "activity_lines": [ 59.88, 59.272727, 58.937619, 59.577204 ] }, { "date": "2025-03-21", "close": 57.900002, "volume": 1495816, "typical_volume": 2894255.55, "trend": 60.336666, "fair_value": 60.925204, "relative_strength": -10.087248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.682531, "energy": 12.979759, "activity_lines": [ 59.126667, 59.149091, 58.778095, 59.410537 ] }, { "date": "2025-03-28", "close": 54.0, "volume": 1398375, "typical_volume": 2742524.3, "trend": 60.1, "fair_value": 60.913868, "relative_strength": -13.248973, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.480288, "energy": 34.703204, "activity_lines": [ 57.066667, 58.281818, 58.271429, 59.00172 ] }, { "date": "2025-04-04", "close": 53.900002, "volume": 992784, "typical_volume": 2592713.5, "trend": 59.786666, "fair_value": 60.876576, "relative_strength": -11.629231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.680457, "energy": 51.225257, "activity_lines": [ 55.526668, 57.440001, 57.805714, 58.60172 ] }, { "date": "2025-04-11", "close": 49.0, "volume": 3840465, "typical_volume": 2693936.75, "trend": 59.263333, "fair_value": 60.831654, "relative_strength": -11.825676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.033528, "energy": 70.103755, "activity_lines": [ 52.973334, 55.781819, 56.920476, 57.905806 ] }, { "date": "2025-04-18", "close": 50.700001, "volume": 1461427, "typical_volume": 2722549.55, "trend": 58.853333, "fair_value": 60.819111, "relative_strength": -7.577427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.001468, "energy": 72.785484, "activity_lines": [ 51.806668, 54.596364, 56.258096, 57.353333 ] }, { "date": "2025-04-25", "close": 51.400002, "volume": 1212425, "typical_volume": 2691370.8, "trend": 58.503333, "fair_value": 60.808369, "relative_strength": -7.925531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.401716, "energy": 69.062836, "activity_lines": [ 51.240001, 53.645456, 55.711429, 56.872473 ] }, { "date": "2025-05-02", "close": 53.599998, "volume": 1410819, "typical_volume": 2638161.75, "trend": 58.166666, "fair_value": 60.820935, "relative_strength": -7.609407, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.782258, "energy": 59.17201, "activity_lines": [ 51.84, 53.21091, 55.410953, 56.556129 ] }, { "date": "2025-05-09", "close": 59.799999, "volume": 20995196, "typical_volume": 3638471.55, "trend": 58.116666, "fair_value": 60.89089, "relative_strength": 2.902121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.156213, "energy": 16.428075, "activity_lines": [ 54.533333, 54.061818, 55.737619, 56.661505 ] }, { "date": "2025-05-16", "close": 56.599998, "volume": 4656597, "typical_volume": 3796351.4, "trend": 57.956666, "fair_value": 60.943784, "relative_strength": -6.141422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.690663, "energy": 16.867389, "activity_lines": [ 55.766666, 54.392727, 55.75, 56.563656 ] }, { "date": "2025-05-23", "close": 56.299999, "volume": 1885524, "typical_volume": 3839177.6, "trend": 57.823333, "fair_value": 60.999741, "relative_strength": -5.313131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.536594, "energy": 19.241804, "activity_lines": [ 56.393332, 54.754545, 55.730952, 56.456774 ] }, { "date": "2025-05-30", "close": 53.799999, "volume": 1075183, "typical_volume": 3845836.75, "trend": 57.516666, "fair_value": 61.01474, "relative_strength": -7.690103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.443618, "energy": 20.511288, "activity_lines": [ 55.813332, 54.659999, 55.478571, 56.197204 ] }, { "date": "2025-06-06", "close": 51.5, "volume": 2069427, "typical_volume": 3751358.1, "trend": 57.08, "fair_value": 61.008092, "relative_strength": -12.297528, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.34735, "energy": 21.381469, "activity_lines": [ 54.306666, 54.221818, 55.017619, 55.809032 ] }, { "date": "2025-06-13", "close": 50.099998, "volume": 1147681, "typical_volume": 3679692.15, "trend": 56.623333, "fair_value": 60.982496, "relative_strength": -15.668072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.345038, "energy": 47.393056, "activity_lines": [ 52.473332, 53.574545, 54.446666, 55.358709 ] }, { "date": "2025-06-20", "close": 49.75, "volume": 1089231, "typical_volume": 3491403.7, "trend": 56.221666, "fair_value": 60.949287, "relative_strength": -15.601476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.264959, "energy": 61.07068, "activity_lines": [ 51.169999, 52.932726, 53.88, 54.915269 ] }, { "date": "2025-06-27", "close": 50.599998, "volume": 1212904, "typical_volume": 3482653.5, "trend": 55.875, "fair_value": 60.951061, "relative_strength": -15.687591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.403745, "energy": 62.455548, "activity_lines": [ 50.606666, 52.431817, 53.433571, 54.55258 ] }, { "date": "2025-07-04", "close": 50.200001, "volume": 1633827, "typical_volume": 3490663.8, "trend": 55.578333, "fair_value": 60.969834, "relative_strength": -15.609674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.825113, "energy": 61.612232, "activity_lines": [ 50.29, 51.859999, 52.977619, 54.186451 ] }, { "date": "2025-07-11", "close": 49.599998, "volume": 836025, "typical_volume": 3232100.8, "trend": 55.188333, "fair_value": 61.007774, "relative_strength": -16.82781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.917097, "energy": 60.202163, "activity_lines": [ 50.013332, 51.200908, 52.500714, 53.800752 ] }, { "date": "2025-07-18", "close": 49.799999, "volume": 649373, "typical_volume": 2839039.6, "trend": 54.921666, "fair_value": 61.045463, "relative_strength": -18.259314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.01302, "energy": 48.36629, "activity_lines": [ 49.929999, 50.650908, 52.103333, 53.453118 ] }, { "date": "2025-07-25", "close": 48.849998, "volume": 1862365, "typical_volume": 2656086.05, "trend": 54.683333, "fair_value": 61.048677, "relative_strength": -19.2648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.045338, "energy": 47.205982, "activity_lines": [ 49.549999, 50.109999, 51.679285, 53.061397 ] }, { "date": "2025-08-01", "close": 48.75, "volume": 1301952, "typical_volume": 2611369.8, "trend": 54.398333, "fair_value": 61.040127, "relative_strength": -19.117174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.846634, "energy": 48.963739, "activity_lines": [ 49.196666, 49.691817, 51.304999, 52.678602 ] }, { "date": "2025-08-08", "close": 49.599998, "volume": 1246571, "typical_volume": 2598907.55, "trend": 54.185, "fair_value": 61.042012, "relative_strength": -19.194737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.090575, "energy": 48.508015, "activity_lines": [ 49.249999, 49.565453, 51.047142, 52.369032 ] }, { "date": "2025-08-15", "close": 51.0, "volume": 2534697, "typical_volume": 2655723.65, "trend": 54.005, "fair_value": 61.048652, "relative_strength": -17.5555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.405773, "energy": 33.234742, "activity_lines": [ 49.809999, 49.769999, 50.962142, 52.163548 ] }, { "date": "2025-08-22", "close": 49.799999, "volume": 1455326, "typical_volume": 2678850.75, "trend": 53.731666, "fair_value": 61.049517, "relative_strength": -17.13059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.490334, "energy": 27.640622, "activity_lines": [ 49.876666, 49.765454, 50.777142, 51.892257 ] }, { "date": "2025-08-29", "close": 49.75, "volume": 1195383, "typical_volume": 2546596.65, "trend": 53.456666, "fair_value": 61.066172, "relative_strength": -18.377449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.131109, "energy": 23.006329, "activity_lines": [ 49.926666, 49.757272, 50.606904, 51.635376 ] }, { "date": "2025-09-05", "close": 48.150002, "volume": 2811551, "typical_volume": 2614102.85, "trend": 53.175, "fair_value": 61.077174, "relative_strength": -21.31827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.126334, "energy": 32.701615, "activity_lines": [ 49.383334, 49.458182, 50.280714, 51.29301 ] }, { "date": "2025-09-12", "close": 51.5, "volume": 5355072, "typical_volume": 2821235.2, "trend": 52.965, "fair_value": 61.092389, "relative_strength": -18.456042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.156502, "energy": 18.524506, "activity_lines": [ 49.996667, 49.812727, 50.285714, 51.184946 ] }, { "date": "2025-09-19", "close": 52.599998, "volume": 3156256, "typical_volume": 2908507.05, "trend": 52.641666, "fair_value": 61.134217, "relative_strength": -16.508817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.08306, "energy": 9.269408, "activity_lines": [ 50.85, 50.343636, 50.394999, 51.161397 ] }, { "date": "2025-09-26", "close": 50.5, "volume": 3011481, "typical_volume": 2009321.3, "trend": 52.218333, "fair_value": 61.144915, "relative_strength": -19.332255, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.140174, "energy": 9.770314, "activity_lines": [ 50.896666, 50.438182, 50.309047, 51.023225 ] }, { "date": "2025-10-03", "close": 50.0, "volume": 1073539, "typical_volume": 1830168.4, "trend": 51.841666, "fair_value": 61.176527, "relative_strength": -23.097317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.726547, "energy": 13.013504, "activity_lines": [ 50.73, 50.429091, 50.219761, 50.880107 ] }, { "date": "2025-10-10", "close": 50.5, "volume": 1352070, "typical_volume": 1803495.7, "trend": 51.651666, "fair_value": 61.246997, "relative_strength": -23.321438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.303157, "energy": 9.692353, "activity_lines": [ 50.713333, 50.49, 50.209523, 50.793548 ] }, { "date": "2025-10-17", "close": 50.099998, "volume": 3954021, "typical_volume": 1947437.6, "trend": 51.391666, "fair_value": 61.30966, "relative_strength": -23.413503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.802382, "energy": 13.662228, "activity_lines": [ 50.406666, 50.446363, 50.188809, 50.69344 ] }, { "date": "2025-10-24", "close": 49.849998, "volume": 1614509, "typical_volume": 1924691.7, "trend": 51.253333, "fair_value": 61.39851, "relative_strength": -23.970176, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.074536, "energy": 16.634315, "activity_lines": [ 50.109999, 50.348181, 50.161904, 50.593978 ] }, { "date": "2025-10-31", "close": 49.200001, "volume": 2122217, "typical_volume": 1973418.5, "trend": 51.096666, "fair_value": 61.49132, "relative_strength": -26.255803, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.141764, "energy": 19.901545, "activity_lines": [ 49.779999, 50.152727, 50.080952, 50.461505 ] }, { "date": "2025-11-07", "close": 48.799999, "volume": 3361195, "typical_volume": 2087016.7, "trend": 51.089999, "fair_value": 61.578944, "relative_strength": -24.659333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.24588, "energy": 29.571541, "activity_lines": [ 49.403333, 49.895454, 49.96619, 50.313333 ] }, { "date": "2025-11-14", "close": 50.799999, "volume": 3338910, "typical_volume": 2193317.0, "trend": 51.093333, "fair_value": 61.657629, "relative_strength": -20.285549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.580397, "energy": 18.6658, "activity_lines": [ 49.773333, 50.01909, 50.046428, 50.294623 ] }, { "date": "2025-11-21", "close": 45.049999, "volume": 5619761, "typical_volume": 2392613.7, "trend": 50.881666, "fair_value": 61.691591, "relative_strength": -26.115399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.785022, "energy": 47.181948, "activity_lines": [ 48.206666, 49.04909, 49.578095, 49.904731 ] }, { "date": "2025-11-28", "close": 45.849998, "volume": 2281502, "typical_volume": 2464887.55, "trend": 50.623333, "fair_value": 61.716524, "relative_strength": -27.439459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.637729, "energy": 51.333616, "activity_lines": [ 47.243332, 48.341817, 49.210475, 49.580107 ] }, { "date": "2025-12-05", "close": 45.700001, "volume": 1140955, "typical_volume": 2489466.65, "trend": 50.153333, "fair_value": 61.753604, "relative_strength": -27.974338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.861266, "energy": 56.183913, "activity_lines": [ 46.496666, 47.729999, 48.846428, 49.262472 ] }, { "date": "2025-12-12", "close": 44.25, "volume": 1499356, "typical_volume": 2471316.2, "trend": 49.741666, "fair_value": 61.767232, "relative_strength": -30.160665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.177531, "energy": 70.592976, "activity_lines": [ 45.5, 46.941818, 48.363809, 48.881612 ] }, { "date": "2025-12-19", "close": 46.549999, "volume": 1564585, "typical_volume": 2484447.85, "trend": 49.416666, "fair_value": 61.801895, "relative_strength": -24.664626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.905364, "energy": 58.152808, "activity_lines": [ 45.573333, 46.676363, 48.122142, 48.675698 ] }, { "date": "2025-12-26", "close": 49.0, "volume": 2572281, "typical_volume": 2550733.35, "trend": 49.256666, "fair_value": 61.798259, "relative_strength": -22.571785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.821125, "energy": 30.205914, "activity_lines": [ 46.746666, 46.928181, 48.124285, 48.648817 ] }, { "date": "2026-01-02", "close": 49.0, "volume": 1181151, "typical_volume": 2483056.05, "trend": 49.173333, "fair_value": 61.790427, "relative_strength": -24.144386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.328682, "energy": 16.243675, "activity_lines": [ 47.656667, 47.2, 48.129285, 48.632258 ] }, { "date": "2026-01-09", "close": 47.0, "volume": 2038137, "typical_volume": 2512196.6, "trend": 49.069999, "fair_value": 61.750376, "relative_strength": -28.942216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.62471, "energy": 17.813898, "activity_lines": [ 47.69, 47.123636, 47.953333, 48.492043 ] }, { "date": "2026-01-16", "close": 47.75, "volume": 2732688, "typical_volume": 2589061.85, "trend": 49.003333, "fair_value": 61.713035, "relative_strength": -29.806726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.594658, "energy": 18.108687, "activity_lines": [ 47.886667, 47.223636, 47.862142, 48.406881 ] }, { "date": "2026-01-23", "close": 49.599998, "volume": 3794878, "typical_volume": 2638228.2, "trend": 48.969999, "fair_value": 61.700661, "relative_strength": -27.736354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.195316, "energy": 11.77359, "activity_lines": [ 48.466666, 47.67909, 47.956666, 48.445376 ] }, { "date": "2026-01-30", "close": 44.400002, "volume": 3672619, "typical_volume": 2554105.55, "trend": 48.776666, "fair_value": 61.655478, "relative_strength": -34.888533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.758082, "energy": 24.666167, "activity_lines": [ 47.11, 47.210909, 47.549047, 48.150537 ] }, { "date": "2026-02-06", "close": 43.0, "volume": 2138538, "typical_volume": 2503219.65, "trend": 48.556666, "fair_value": 61.590309, "relative_strength": -35.770052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.444228, "energy": 42.962756, "activity_lines": [ 45.593333, 46.5, 47.041904, 47.777849 ] }, { "date": "2026-02-13", "close": 42.849998, "volume": 903855, "typical_volume": 2397838.35, "trend": 48.324999, "fair_value": 61.543579, "relative_strength": -38.783192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.303207, "energy": 59.656497, "activity_lines": [ 44.426666, 45.813636, 46.56619, 47.409677 ] }, { "date": "2026-02-27", "close": 44.799999, "volume": 1428792, "typical_volume": 2415601.0, "trend": 48.19, "fair_value": 61.515641, "relative_strength": -38.493778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.586428, "energy": 64.94016, "activity_lines": [ 44.186666, 45.533636, 46.312619, 47.182258 ] }, { "date": "2026-03-06", "close": 43.950001, "volume": 1686365, "typical_volume": 2432315.75, "trend": 48.03, "fair_value": 61.497984, "relative_strength": -35.537415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.023383, "energy": 62.859774, "activity_lines": [ 43.86, 45.089091, 46.002857, 46.908709 ] }, { "date": "2026-03-13", "close": 43.950001, "volume": 1228140, "typical_volume": 2296021.7, "trend": 47.841666, "fair_value": 61.476133, "relative_strength": -34.281333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.960909, "energy": 49.748018, "activity_lines": [ 43.91, 44.691818, 45.724286, 46.645484 ] }, { "date": "2026-03-20", "close": 44.599998, "volume": 1579298, "typical_volume": 2294261.15, "trend": 47.628333, "fair_value": 61.456875, "relative_strength": -32.80182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.534252, "energy": 31.766002, "activity_lines": [ 44.206666, 44.504545, 45.536904, 46.436344 ] }, { "date": "2026-03-27", "close": 42.75, "volume": 866867, "typical_volume": 2231493.65, "trend": 47.393333, "fair_value": 61.43205, "relative_strength": -33.904854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.076498, "energy": 36.194867, "activity_lines": [ 43.78, 44.060909, 45.198333, 46.121613 ] }, { "date": "2026-04-03", "close": 43.0, "volume": 1462097, "typical_volume": 2136538.75, "trend": 47.168333, "fair_value": 61.395719, "relative_strength": -31.621789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.891127, "energy": 34.661375, "activity_lines": [ 43.443333, 43.74, 44.914285, 45.838172 ] }, { "date": "2026-04-10", "close": 44.049999, "volume": 1592542, "typical_volume": 2049220.35, "trend": 47.031666, "fair_value": 61.350914, "relative_strength": -34.74303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.926275, "energy": 30.462881, "activity_lines": [ 43.576666, 43.696363, 44.757857, 45.636989 ] }, { "date": "2026-04-17", "close": 48.099998, "volume": 3566875, "typical_volume": 1946576.05, "trend": 46.918333, "fair_value": 61.332595, "relative_strength": -30.585631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.285631, "energy": 9.845385, "activity_lines": [ 45.053332, 44.489999, 45.019285, 45.705913 ] }, { "date": "2026-04-24", "close": 47.799999, "volume": 3843976, "typical_volume": 2024699.75, "trend": 46.758333, "fair_value": 61.285088, "relative_strength": -33.852479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.797051, "energy": 13.486368, "activity_lines": [ 46.153332, 45.161817, 45.237619, 45.762795 ] }, { "date": "2026-05-01", "close": 45.049999, "volume": 1644133, "typical_volume": 2049858.65, "trend": 46.576666, "fair_value": 61.233061, "relative_strength": -36.711675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.533485, "energy": 16.574905, "activity_lines": [ 46.123332, 45.246363, 45.184761, 45.65258 ] }, { "date": "2026-05-08", "close": 48.450001, "volume": 2029911, "typical_volume": 2076386.4, "trend": 46.524999, "fair_value": 61.160882, "relative_strength": -35.354085, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.816701, "energy": 26.282409, "activity_lines": [ 47.073333, 45.90909, 45.458809, 45.77344 ] }, { "date": "2026-05-15", "close": 48.75, "volume": 2703127, "typical_volume": 2133313.5, "trend": 46.466666, "fair_value": 60.983666, "relative_strength": -33.07518, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.065154, "energy": 36.55269, "activity_lines": [ 47.76, 46.56, 45.741428, 45.916989 ] }, { "date": "2026-05-22", "close": 47.599998, "volume": 1947611, "typical_volume": 2102080.0, "trend": 46.383333, "fair_value": 60.826866, "relative_strength": -35.317736, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.206945, "energy": 29.444861, "activity_lines": [ 47.749999, 46.914545, 45.904047, 45.990107 ] }, { "date": "2026-05-29", "close": 45.200001, "volume": 2220439, "typical_volume": 2154044.4, "trend": 46.228333, "fair_value": 60.669363, "relative_strength": -40.926262, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.194188, "energy": 14.0338, "activity_lines": [ 46.973333, 46.766363, 45.844761, 45.913763 ] }, { "date": "2026-06-05", "close": 44.0, "volume": 1844306, "typical_volume": 2144352.85, "trend": 46.055, "fair_value": 60.53353, "relative_strength": -41.917593, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.939235, "energy": 9.713682, "activity_lines": [ 45.97, 46.389091, 45.689285, 45.77 ] }, { "date": "2026-06-12", "close": 44.900002, "volume": 1479022, "typical_volume": 2081669.55, "trend": 45.925, "fair_value": 60.357325, "relative_strength": -38.562553, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.274825, "energy": 14.630832, "activity_lines": [ 45.336667, 46.152727, 45.633809, 45.695484 ] }, { "date": "2026-06-19", "close": 44.75, "volume": 1016421, "typical_volume": 1942746.7, "trend": 45.723333, "fair_value": 60.190122, "relative_strength": -40.896106, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.895277, "energy": 19.239909, "activity_lines": [ 44.890001, 45.854546, 45.577619, 45.619677 ] }, { "date": "2026-06-26", "close": 41.849998, "volume": 1246823, "typical_volume": 1821456.9, "trend": 45.616666, "fair_value": 60.003804, "relative_strength": -41.467974, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.425853, "energy": 46.689952, "activity_lines": [ 43.743333, 45.016363, 45.268333, 45.369785 ] }, { "date": "2026-07-03", "close": 43.700001, "volume": 1054574, "typical_volume": 1767258.7, "trend": 45.545, "fair_value": 59.793691, "relative_strength": -40.839641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.696831, "energy": 45.686748, "activity_lines": [ 43.596667, 44.628182, 45.147381, 45.246129 ] }, { "date": "2026-07-10", "close": 41.950001, "volume": 581100, "typical_volume": 1751120.95, "trend": 45.42, "fair_value": 59.535658, "relative_strength": -40.479729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.094082, "energy": 53.407075, "activity_lines": [ 42.966667, 43.996364, 44.856429, 45.014193 ] }, { "date": "2026-07-17", "close": 40.0, "volume": 1306428, "typical_volume": 1745002.75, "trend": 45.278333, "fair_value": 59.212692, "relative_strength": -38.735395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.075035, "energy": 66.904499, "activity_lines": [ 41.823334, 43.066364, 44.384048, 44.664516 ] }, { "date": "2026-07-24", "close": 40.950001, "volume": 1062680, "typical_volume": 1713818.5, "trend": 45.091666, "fair_value": 58.88533, "relative_strength": -37.76127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.638383, "energy": 62.83805, "activity_lines": [ 41.323334, 42.462728, 44.025, 44.385269 ] }, { "date": "2026-07-31", "close": 38.200001, "volume": 1185025, "typical_volume": 1711662.75, "trend": 44.731667, "fair_value": 58.65202, "relative_strength": -40.302663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.278786, "energy": 74.485961, "activity_lines": [ 40.160001, 41.50091, 43.418334, 43.940645 ] }, { "date": "2026-08-07", "close": 37.0, "volume": 673803, "typical_volume": 1666388.0, "trend": 44.331667, "fair_value": 58.451915, "relative_strength": -42.700738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.262334, "energy": 81.518429, "activity_lines": [ 38.840001, 40.491819, 42.724762, 43.441828 ] }, { "date": "2026-08-14", "close": 37.25, "volume": 628295, "typical_volume": 1654459.4, "trend": 44.006667, "fair_value": 58.267045, "relative_strength": -43.376057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.11859, "energy": 81.875936, "activity_lines": [ 38.05, 39.677273, 42.091191, 42.984946 ] } ], "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." } } }