{ "ticker": { "uuid": "7836bcec-999d-479e-9f7c-240af744b8b9", "symbol": "3045", "name": "Taiwan Mobile Co., Ltd.", "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": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 79.098, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 26.489, "architecture_energy": 17.129, "architecture_maturity": 28.348, "architecture_confidence": 70.721, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 42.71, "rotation_up": 31.08, "upward_expansion": 56.21, "deceleration": 84.77, "rotation_down": 26.17, "downward_expansion": 19.88 }, "activity_lines": [ 110.766667, 111.199999, 110.664291, 109.321694 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 108.0, "trend_reference": 107.350185, "distance_from_trend": 0.006053, "trend_direction": "Improving", "fair_value": 99.718297, "distance_from_fair_value": 0.083051, "fair_value_direction": "Weakening", "relative_strength": -27.257118, "relative_strength_direction": "Improving", "price_momentum": 0.06856, "excess_performance": -0.372812, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006053, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027397, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.083051, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.040814, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.272571, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022859, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.06856, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.599298, "read": "Supply-led" } ], "volume": { "latest": 55639562, "relative_activity": 0.96955, "balance": 0.599298, "dry_up": 1.0261, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.037241, "annualized_volatility": 0.138336, "from_high_reference": -0.072156, "from_low_reference": 0.083972 }, "levels": { "trend_reference": 107.350185, "fair_value_reference": 99.718297, "structural_low": 100.591595, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": -5.2e-05, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.016835, "regime_survival": 0.666667, "best_return": 0.052366, "worst_return": -0.039301, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.012141, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.037529, "regime_survival": 0.0, "best_return": 0.081633, "worst_return": -0.035584, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.028389, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.017447, "regime_survival": 0.0, "best_return": 0.139166, "worst_return": 0.0, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.018535, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.195307, "regime_survival": 0.0, "best_return": 0.091015, "worst_return": 0.01632, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2025-01-24", "tenure": "Established", "return": -0.030837, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": 0.044643, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-05-02", "tenure": "Developing", "return": -0.042194, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-07-25", "tenure": "Developing", "return": -0.031933, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.014151, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-10-03", "tenure": "Developing", "return": 0.018692, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": 0.00905, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.048889, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.023148, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.051887, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-04-03", "tenure": "Established", "return": 0.013889, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.027273, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-17", "tenure": "Developing", "return": 0.039144, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": -0.048458, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 83.527718, "volume": 15984890, "typical_volume": 17288599.45, "trend": 84.771952, "fair_value": 81.590877, "relative_strength": -7.794012, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.250593, "energy": 40.233058, "activity_lines": [ 83.628098, 83.993036, 85.290544, 85.340589 ] }, { "date": "2023-08-18", "close": 83.173401, "volume": 11597203, "typical_volume": 17302472.35, "trend": 84.853833, "fair_value": 81.599294, "relative_strength": -6.771218, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.32892, "energy": 38.758399, "activity_lines": [ 83.445039, 83.726264, 85.014651, 85.237457 ] }, { "date": "2023-08-25", "close": 82.641945, "volume": 12805096, "typical_volume": 17690039.8, "trend": 84.917999, "fair_value": 81.6118, "relative_strength": -7.771463, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.976017, "energy": 53.644409, "activity_lines": [ 83.155689, 83.438444, 84.699863, 85.094754 ] }, { "date": "2023-09-01", "close": 83.173401, "volume": 14752535, "typical_volume": 17672989.95, "trend": 84.99988, "fair_value": 81.630211, "relative_strength": -7.911174, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.459157, "energy": 61.354603, "activity_lines": [ 83.090732, 83.324789, 84.451959, 84.9822 ] }, { "date": "2023-09-08", "close": 82.819099, "volume": 11578337, "typical_volume": 17351834.8, "trend": 85.050167, "fair_value": 81.646352, "relative_strength": -7.70039, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.850629, "energy": 65.90111, "activity_lines": [ 82.97263, 83.199171, 84.198183, 84.841504 ] }, { "date": "2023-09-15", "close": 84.679199, "volume": 15006721, "typical_volume": 17425003.1, "trend": 85.142675, "fair_value": 81.676915, "relative_strength": -7.303529, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.64625, "energy": 33.413288, "activity_lines": [ 83.509992, 83.445574, 84.141022, 84.817571 ] }, { "date": "2023-09-22", "close": 82.996246, "volume": 11556522, "typical_volume": 17402972.85, "trend": 85.179083, "fair_value": 81.704186, "relative_strength": -5.750216, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.091175, "energy": 31.964675, "activity_lines": [ 83.409605, 83.352166, 83.938223, 84.679091 ] }, { "date": "2023-09-29", "close": 83.793442, "volume": 7495546, "typical_volume": 17172948.8, "trend": 85.225108, "fair_value": 81.739066, "relative_strength": -4.670346, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.47626, "energy": 24.21565, "activity_lines": [ 83.586759, 83.426248, 83.838042, 84.589695 ] }, { "date": "2023-10-06", "close": 83.439133, "volume": 9667497, "typical_volume": 16731958.7, "trend": 85.242365, "fair_value": 81.776673, "relative_strength": -5.698927, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.674374, "energy": 20.979363, "activity_lines": [ 83.569045, 83.427859, 83.72096, 84.474471 ] }, { "date": "2023-10-13", "close": 84.679199, "volume": 14825550, "typical_volume": 16265873.55, "trend": 85.267042, "fair_value": 81.836222, "relative_strength": -5.546844, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.014534, "energy": 16.187161, "activity_lines": [ 83.94697, 83.66782, 83.744546, 84.438138 ] }, { "date": "2023-10-20", "close": 83.439133, "volume": 32338805, "typical_volume": 16048520.25, "trend": 85.207991, "fair_value": 81.888321, "relative_strength": -4.708654, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.416062, "energy": 17.854581, "activity_lines": [ 83.787533, 83.658157, 83.662655, 84.320208 ] }, { "date": "2023-10-27", "close": 84.59063, "volume": 14139803, "typical_volume": 16042794.55, "trend": 85.173192, "fair_value": 81.946303, "relative_strength": -1.23922, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.761207, "energy": 10.943829, "activity_lines": [ 84.094599, 83.859468, 83.712998, 84.280378 ] }, { "date": "2023-11-03", "close": 85.919273, "volume": 20298795, "typical_volume": 15941593.85, "trend": 85.16855, "fair_value": 82.022297, "relative_strength": -1.581491, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.17518, "energy": 21.894691, "activity_lines": [ 84.738254, 84.276583, 83.902924, 84.328513 ] }, { "date": "2023-11-10", "close": 86.716469, "volume": 17877018, "typical_volume": 16150901.0, "trend": 85.091563, "fair_value": 82.090407, "relative_strength": -1.364036, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 39.42414, "energy": 50.680801, "activity_lines": [ 85.505919, 84.779054, 84.173474, 84.428378 ] }, { "date": "2023-11-17", "close": 86.539314, "volume": 17544623, "typical_volume": 15473960.1, "trend": 85.079327, "fair_value": 82.156883, "relative_strength": -4.323918, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.687044, "energy": 58.501605, "activity_lines": [ 85.996044, 85.184896, 84.42402, 84.521782 ] }, { "date": "2023-11-24", "close": 87.070778, "volume": 21682221, "typical_volume": 15244293.9, "trend": 85.056544, "fair_value": 82.21527, "relative_strength": -4.016572, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.735857, "energy": 66.732432, "activity_lines": [ 86.539315, 85.619728, 84.716323, 84.650262 ] }, { "date": "2023-12-01", "close": 87.867958, "volume": 38130692, "typical_volume": 16317589.5, "trend": 85.032072, "fair_value": 82.283266, "relative_strength": -3.849322, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.695079, "energy": 72.088521, "activity_lines": [ 87.106204, 86.156018, 85.064302, 84.831644 ] }, { "date": "2023-12-08", "close": 87.779388, "volume": 26423278, "typical_volume": 16934627.95, "trend": 85.04704, "fair_value": 82.349694, "relative_strength": -3.536766, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.429232, "energy": 65.00357, "activity_lines": [ 87.42508, 86.587628, 85.386552, 85.00889 ] }, { "date": "2023-12-15", "close": 87.159355, "volume": 15206439, "typical_volume": 17133223.6, "trend": 85.013079, "fair_value": 82.412647, "relative_strength": -5.591788, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.336028, "energy": 67.716356, "activity_lines": [ 87.413271, 86.834033, 85.628662, 85.145168 ] }, { "date": "2023-12-22", "close": 86.096428, "volume": 13325650, "typical_volume": 17111861.05, "trend": 84.971948, "fair_value": 82.476783, "relative_strength": -6.126844, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.436224, "energy": 46.940284, "activity_lines": [ 87.017628, 86.819538, 85.7552, 85.215062 ] }, { "date": "2023-12-29", "close": 87.336502, "volume": 9913639, "typical_volume": 16808298.5, "trend": 84.943892, "fair_value": 82.543871, "relative_strength": -6.286273, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.311998, "energy": 42.407543, "activity_lines": [ 87.064868, 87.004744, 85.986764, 85.367614 ] }, { "date": "2024-01-05", "close": 87.247925, "volume": 6787235, "typical_volume": 16567800.1, "trend": 84.941145, "fair_value": 82.606892, "relative_strength": -3.932903, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.981974, "energy": 33.46321, "activity_lines": [ 87.064868, 87.102983, 86.191756, 85.516261 ] }, { "date": "2024-01-12", "close": 88.399422, "volume": 9346641, "typical_volume": 16394877.35, "trend": 84.990912, "fair_value": 82.679794, "relative_strength": -2.40292, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.136003, "energy": 45.104752, "activity_lines": [ 87.490035, 87.362271, 86.487011, 85.739376 ] }, { "date": "2024-01-19", "close": 86.185013, "volume": 16005996, "typical_volume": 16457550.4, "trend": 84.995128, "fair_value": 82.738, "relative_strength": -5.555122, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.565874, "energy": 32.012355, "activity_lines": [ 87.135731, 87.173845, 86.543954, 85.816414 ] }, { "date": "2024-01-26", "close": 87.159355, "volume": 10217270, "typical_volume": 16389497.05, "trend": 85.0778, "fair_value": 82.799455, "relative_strength": -5.95456, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.17486, "energy": 29.496505, "activity_lines": [ 87.171163, 87.172235, 86.67935, 85.956042 ] }, { "date": "2024-02-02", "close": 87.070778, "volume": 9357540, "typical_volume": 16107038.0, "trend": 85.219523, "fair_value": 82.86234, "relative_strength": -6.264527, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.694908, "energy": 27.354724, "activity_lines": [ 87.106208, 87.143247, 86.785642, 86.084621 ] }, { "date": "2024-02-09", "close": 87.247925, "volume": 1770725, "typical_volume": 15617748.15, "trend": 85.319909, "fair_value": 82.938355, "relative_strength": -6.122656, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.417511, "energy": 21.68969, "activity_lines": [ 87.118017, 87.146468, 86.897417, 86.215486 ] }, { "date": "2024-02-16", "close": 86.805046, "volume": 5984160, "typical_volume": 15542178.85, "trend": 85.435059, "fair_value": 83.01403, "relative_strength": -8.951703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.654549, "energy": 21.61984, "activity_lines": [ 86.982199, 87.080438, 86.946767, 86.311301 ] }, { "date": "2024-02-23", "close": 88.04512, "volume": 14209875, "typical_volume": 15769297.75, "trend": 85.564972, "fair_value": 83.092657, "relative_strength": -8.816644, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.855489, "energy": 33.40015, "activity_lines": [ 87.366031, 87.257592, 87.099879, 86.479692 ] }, { "date": "2024-03-01", "close": 87.159355, "volume": 19948538, "typical_volume": 16025447.15, "trend": 85.691932, "fair_value": 83.170603, "relative_strength": -9.726818, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.131887, "energy": 27.747734, "activity_lines": [ 87.330601, 87.257592, 87.146698, 86.582556 ] }, { "date": "2024-03-08", "close": 87.159355, "volume": 14830775, "typical_volume": 15150045.65, "trend": 85.812986, "fair_value": 83.244051, "relative_strength": -13.29636, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.079116, "energy": 26.263952, "activity_lines": [ 87.295171, 87.238267, 87.181707, 86.677228 ] }, { "date": "2024-03-15", "close": 87.956543, "volume": 22748945, "typical_volume": 15580502.75, "trend": 85.972424, "fair_value": 83.319111, "relative_strength": -11.724461, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.872662, "energy": 34.415908, "activity_lines": [ 87.519566, 87.367106, 87.274924, 86.815522 ] }, { "date": "2024-03-22", "close": 88.487999, "volume": 19731667, "typical_volume": 15552146.35, "trend": 86.167293, "fair_value": 83.392081, "relative_strength": -13.265048, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.090386, "energy": 38.325799, "activity_lines": [ 87.873871, 87.579689, 87.402727, 86.977817 ] }, { "date": "2024-03-29", "close": 90.790985, "volume": 21347656, "typical_volume": 15725678.25, "trend": 86.421212, "fair_value": 83.485311, "relative_strength": -10.983908, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.894668, "energy": 71.796665, "activity_lines": [ 88.883641, 88.209387, 87.73763, 87.27612 ] }, { "date": "2024-04-05", "close": 91.233871, "volume": 16233932, "typical_volume": 15660143.7, "trend": 86.701705, "fair_value": 83.577881, "relative_strength": -10.414421, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.723299, "energy": 83.20019, "activity_lines": [ 89.857982, 88.835864, 88.095311, 87.586614 ] }, { "date": "2024-04-12", "close": 92.562515, "volume": 23474330, "typical_volume": 15749749.15, "trend": 86.964482, "fair_value": 83.680468, "relative_strength": -10.471684, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.604002, "energy": 91.683521, "activity_lines": [ 91.00357, 89.629831, 88.557174, 87.964731 ] }, { "date": "2024-04-19", "close": 90.348114, "volume": 31931634, "typical_volume": 15439796.25, "trend": 87.209544, "fair_value": 83.768859, "relative_strength": -6.862257, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.782634, "energy": 82.566824, "activity_lines": [ 91.050814, 89.921329, 88.78199, 88.18303 ] }, { "date": "2024-04-26", "close": 91.676758, "volume": 40343556, "typical_volume": 16135810.15, "trend": 87.472321, "fair_value": 83.860771, "relative_strength": -7.895993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.346135, "energy": 79.554254, "activity_lines": [ 91.381501, 90.398033, 89.121534, 88.471237 ] }, { "date": "2024-05-03", "close": 92.562515, "volume": 19634398, "typical_volume": 16357208.1, "trend": 87.776434, "fair_value": 83.949364, "relative_strength": -7.564361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.275313, "energy": 72.28849, "activity_lines": [ 91.794857, 90.947206, 89.526876, 88.799637 ] }, { "date": "2024-05-10", "close": 93.005409, "volume": 22414357, "typical_volume": 16811643.45, "trend": 88.053974, "fair_value": 84.045794, "relative_strength": -8.41125, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.430357, "energy": 61.443164, "activity_lines": [ 92.237741, 91.494771, 89.94867, 89.13699 ] }, { "date": "2024-05-17", "close": 93.891174, "volume": 18476134, "typical_volume": 17239768.2, "trend": 88.402376, "fair_value": 84.145403, "relative_strength": -9.562473, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.256416, "energy": 67.065034, "activity_lines": [ 92.857779, 92.097092, 90.421922, 89.513583 ] }, { "date": "2024-05-24", "close": 94.334053, "volume": 26392053, "typical_volume": 18220009.1, "trend": 88.727157, "fair_value": 84.25185, "relative_strength": -10.104321, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.943329, "energy": 78.047371, "activity_lines": [ 93.536865, 92.657541, 90.90614, 89.896272 ] }, { "date": "2024-05-31", "close": 93.448288, "volume": 59291606, "typical_volume": 20717257.35, "trend": 88.978124, "fair_value": 84.346121, "relative_strength": -8.992514, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.289954, "energy": 58.294415, "activity_lines": [ 93.654967, 92.940986, 91.272257, 90.200861 ] }, { "date": "2024-06-07", "close": 94.776939, "volume": 36532391, "typical_volume": 21743577.1, "trend": 89.246806, "fair_value": 84.455406, "relative_strength": -10.290273, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.873278, "energy": 60.194875, "activity_lines": [ 94.097851, 93.375817, 91.740869, 90.574979 ] }, { "date": "2024-06-14", "close": 95.219818, "volume": 18372340, "typical_volume": 22151330.6, "trend": 89.536156, "fair_value": 84.561034, "relative_strength": -12.181598, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.699856, "energy": 59.960833, "activity_lines": [ 94.540733, 93.818699, 92.210747, 90.960334 ] }, { "date": "2024-06-21", "close": 93.891174, "volume": 54657711, "typical_volume": 24416339.15, "trend": 89.763503, "fair_value": 84.64565, "relative_strength": -15.870899, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.008645, "energy": 49.564838, "activity_lines": [ 94.393106, 93.947539, 92.515704, 91.241303 ] }, { "date": "2024-06-28", "close": 94.776939, "volume": 63642665, "typical_volume": 27509936.15, "trend": 89.993802, "fair_value": 84.748439, "relative_strength": -13.954653, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.874823, "energy": 50.777336, "activity_lines": [ 94.540734, 94.213269, 92.872541, 91.564751 ] }, { "date": "2024-07-05", "close": 102.748825, "volume": 217077907, "typical_volume": 38064623.5, "trend": 90.492783, "fair_value": 84.894832, "relative_strength": -8.569985, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.308781, "energy": 76.996733, "activity_lines": [ 97.316132, 95.847908, 93.952753, 92.387655 ] }, { "date": "2024-07-12", "close": 92.906281, "volume": 78359642, "typical_volume": 41272111.85, "trend": 90.684347, "fair_value": 84.980632, "relative_strength": -18.247842, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.891622, "energy": 44.626312, "activity_lines": [ 96.190646, 95.491684, 94.019657, 92.543365 ] }, { "date": "2024-07-19", "close": 95.20594, "volume": 61995088, "typical_volume": 43374439.35, "trend": 90.987998, "fair_value": 85.076175, "relative_strength": -12.126398, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.329627, "energy": 41.717093, "activity_lines": [ 95.956423, 95.54733, 94.282428, 92.83508 ] }, { "date": "2024-07-26", "close": 97.505608, "volume": 29503571, "typical_volume": 44108079.15, "trend": 91.326968, "fair_value": 85.191457, "relative_strength": -6.778879, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.202734, "energy": 45.691716, "activity_lines": [ 96.489682, 95.981087, 94.725898, 93.255571 ] }, { "date": "2024-08-02", "close": 97.505608, "volume": 39124824, "typical_volume": 44926873.1, "trend": 91.668891, "fair_value": 85.296745, "relative_strength": -4.534408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.60541, "energy": 34.005989, "activity_lines": [ 96.781979, 96.349127, 95.1201, 93.654193 ] }, { "date": "2024-08-09", "close": 98.885399, "volume": 77560273, "typical_volume": 47818303.4, "trend": 92.018423, "fair_value": 85.410877, "relative_strength": -2.251528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.384028, "energy": 40.208662, "activity_lines": [ 97.352294, 96.910374, 95.600239, 94.119774 ] }, { "date": "2024-08-16", "close": 98.885399, "volume": 34705114, "typical_volume": 48486176.3, "trend": 92.44177, "fair_value": 85.505018, "relative_strength": -5.850964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.701219, "energy": 41.662945, "activity_lines": [ 98.180171, 97.372764, 96.030866, 94.562805 ] }, { "date": "2024-08-23", "close": 102.564857, "volume": 29538436, "typical_volume": 49151401.5, "trend": 92.955286, "fair_value": 85.632741, "relative_strength": -1.349173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.841089, "energy": 56.047251, "activity_lines": [ 99.835927, 98.429447, 96.773373, 95.215908 ] }, { "date": "2024-08-30", "close": 103.02478, "volume": 26311396, "typical_volume": 49293254.8, "trend": 93.487086, "fair_value": 85.785902, "relative_strength": -1.246578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.445227, "energy": 68.078539, "activity_lines": [ 101.154395, 99.436207, 97.505726, 95.865552 ] }, { "date": "2024-09-06", "close": 105.784378, "volume": 34818895, "typical_volume": 49437617.85, "trend": 94.104968, "fair_value": 85.946838, "relative_strength": 5.365109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.813694, "energy": 78.377457, "activity_lines": [ 103.024785, 100.778646, 98.451076, 96.658926 ] }, { "date": "2024-09-13", "close": 106.244308, "volume": 31801851, "typical_volume": 49010532.6, "trend": 94.752944, "fair_value": 86.111767, "relative_strength": 4.297421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.850537, "energy": 79.938706, "activity_lines": [ 104.496567, 102.004573, 99.366724, 97.442109 ] }, { "date": "2024-09-20", "close": 107.164177, "volume": 41855472, "typical_volume": 50121586.3, "trend": 95.390245, "fair_value": 86.279983, "relative_strength": 3.405299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.569959, "energy": 80.307142, "activity_lines": [ 105.784378, 103.334195, 100.300609, 98.242834 ] }, { "date": "2024-09-27", "close": 107.164177, "volume": 71628983, "typical_volume": 52582317.6, "trend": 96.057073, "fair_value": 86.447677, "relative_strength": 0.576851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.18991, "energy": 74.065815, "activity_lines": [ 106.52027, 104.404583, 101.164962, 99.002442 ] }, { "date": "2024-10-04", "close": 103.484718, "volume": 26002852, "typical_volume": 52958653.5, "trend": 96.601252, "fair_value": 86.590219, "relative_strength": -0.443213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.722489, "energy": 53.48323, "activity_lines": [ 105.723055, 104.588555, 101.611468, 99.481645 ] }, { "date": "2024-10-11", "close": 103.02478, "volume": 25899151, "typical_volume": 52934008.4, "trend": 97.103526, "fair_value": 86.736075, "relative_strength": -3.259376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.399196, "energy": 47.284626, "activity_lines": [ 104.741864, 104.580192, 101.968487, 99.896067 ] }, { "date": "2024-10-18", "close": 105.324448, "volume": 24151263, "typical_volume": 51176991.25, "trend": 97.664741, "fair_value": 86.895107, "relative_strength": -3.329738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.451034, "energy": 38.446838, "activity_lines": [ 104.711203, 104.889601, 102.503137, 100.426449 ] }, { "date": "2024-10-25", "close": 104.86451, "volume": 19979280, "typical_volume": 50349335.7, "trend": 98.133859, "fair_value": 87.052757, "relative_strength": -2.877041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.169445, "energy": 30.334908, "activity_lines": [ 104.588553, 104.998311, 102.937431, 100.89095 ] }, { "date": "2024-11-01", "close": 104.404587, "volume": 19717252, "typical_volume": 50416581.3, "trend": 98.572883, "fair_value": 87.208502, "relative_strength": -0.633508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.885695, "energy": 28.669435, "activity_lines": [ 104.465906, 104.914688, 103.279886, 101.295513 ] }, { "date": "2024-11-08", "close": 103.944649, "volume": 19087805, "typical_volume": 48638086.0, "trend": 98.952287, "fair_value": 87.362864, "relative_strength": -4.007177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.780644, "energy": 29.547937, "activity_lines": [ 104.37392, 104.713991, 103.534801, 101.642078 ] }, { "date": "2024-11-15", "close": 102.104927, "volume": 33954132, "typical_volume": 47153659.35, "trend": 99.344181, "fair_value": 87.500214, "relative_strength": -2.122411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.081458, "energy": 19.886995, "activity_lines": [ 103.638031, 104.162073, 103.56663, 101.845475 ] }, { "date": "2024-11-22", "close": 103.944649, "volume": 38967748, "typical_volume": 38248151.4, "trend": 99.75311, "fair_value": 87.646226, "relative_strength": -0.854466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.745166, "energy": 16.383376, "activity_lines": [ 103.576706, 104.01155, 103.738776, 102.142279 ] }, { "date": "2024-11-29", "close": 103.944649, "volume": 20445344, "typical_volume": 35352436.5, "trend": 100.132515, "fair_value": 87.790673, "relative_strength": 2.162561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.569807, "energy": 12.016881, "activity_lines": [ 103.607367, 103.902838, 103.905228, 102.412701 ] }, { "date": "2024-12-06", "close": 104.404587, "volume": 41233070, "typical_volume": 34314335.6, "trend": 100.512488, "fair_value": 87.947984, "relative_strength": -1.275794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.124623, "energy": 13.325561, "activity_lines": [ 103.852665, 103.936289, 104.062919, 102.688318 ] }, { "date": "2024-12-13", "close": 105.324448, "volume": 20913902, "typical_volume": 33884852.15, "trend": 100.893597, "fair_value": 88.110147, "relative_strength": 0.492568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.832636, "energy": 24.872097, "activity_lines": [ 104.404584, 104.187161, 104.264413, 102.998767 ] }, { "date": "2024-12-20", "close": 103.944649, "volume": 48580115, "typical_volume": 34357616.7, "trend": 101.21395, "fair_value": 88.263465, "relative_strength": 1.542053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.359623, "energy": 21.269646, "activity_lines": [ 104.404583, 104.153711, 104.297265, 103.19561 ] }, { "date": "2024-12-27", "close": 105.324448, "volume": 24434418, "typical_volume": 31701323.95, "trend": 101.609822, "fair_value": 88.422497, "relative_strength": -0.34795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.020758, "energy": 25.349657, "activity_lines": [ 104.741867, 104.354409, 104.430865, 103.460803 ] }, { "date": "2025-01-03", "close": 103.02478, "volume": 27724242, "typical_volume": 31352280.35, "trend": 101.88475, "fair_value": 88.562091, "relative_strength": -0.757595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.322344, "energy": 16.559037, "activity_lines": [ 104.220608, 104.136985, 104.314786, 103.552091 ] }, { "date": "2025-01-10", "close": 102.104927, "volume": 40053780, "typical_volume": 31878047.55, "trend": 102.114254, "fair_value": 88.694745, "relative_strength": -1.831913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.433413, "energy": 6.545136, "activity_lines": [ 103.454056, 103.785765, 104.091391, 103.566296 ] }, { "date": "2025-01-17", "close": 103.02478, "volume": 25150885, "typical_volume": 31820022.0, "trend": 102.418707, "fair_value": 88.835904, "relative_strength": -1.352627, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.558271, "energy": 10.30017, "activity_lines": [ 103.147433, 103.643603, 103.957791, 103.625039 ] }, { "date": "2025-01-24", "close": 101.185059, "volume": 11799186, "typical_volume": 30669036.55, "trend": 102.632311, "fair_value": 88.957443, "relative_strength": -4.447234, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.220047, "energy": 22.162881, "activity_lines": [ 102.38088, 103.183671, 103.64898, 103.545449 ] }, { "date": "2025-02-07", "close": 103.02478, "volume": 21366617, "typical_volume": 30147274.85, "trend": 102.64151, "fair_value": 89.095993, "relative_strength": -2.333851, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.4217, "energy": 24.426716, "activity_lines": [ 102.411541, 103.074959, 103.537281, 103.57077 ] }, { "date": "2025-02-14", "close": 103.484718, "volume": 22214828, "typical_volume": 29165242.65, "trend": 102.994124, "fair_value": 89.239057, "relative_strength": -0.36797, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.205991, "energy": 17.699623, "activity_lines": [ 102.748825, 103.066597, 103.484718, 103.62517 ] }, { "date": "2025-02-21", "close": 104.404587, "volume": 22533384, "typical_volume": 26710462.7, "trend": 103.300746, "fair_value": 89.370796, "relative_strength": -1.81741, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.274717, "energy": 2.882707, "activity_lines": [ 103.36207, 103.233846, 103.537282, 103.716168 ] }, { "date": "2025-02-28", "close": 105.324448, "volume": 25710406, "typical_volume": 26695840.4, "trend": 103.561374, "fair_value": 89.497994, "relative_strength": 1.99709, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.713371, "energy": 19.465937, "activity_lines": [ 104.128624, 103.568342, 103.690593, 103.846729 ] }, { "date": "2025-03-07", "close": 107.624107, "volume": 29223592, "typical_volume": 26862062.45, "trend": 103.898657, "fair_value": 89.647762, "relative_strength": 6.351682, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.340351, "energy": 44.107711, "activity_lines": [ 105.50842, 104.320958, 104.054158, 104.108841 ] }, { "date": "2025-03-14", "close": 107.624107, "volume": 25146718, "typical_volume": 26911835.2, "trend": 104.189947, "fair_value": 89.787092, "relative_strength": 9.064141, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.948253, "energy": 64.080605, "activity_lines": [ 106.458947, 105.006675, 104.395822, 104.349193 ] }, { "date": "2025-03-21", "close": 109.003906, "volume": 27239724, "typical_volume": 27274857.4, "trend": 104.527231, "fair_value": 89.932658, "relative_strength": 9.058377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.363663, "energy": 73.942857, "activity_lines": [ 107.562784, 105.901453, 104.857944, 104.659771 ] }, { "date": "2025-03-28", "close": 108.084038, "volume": 14837047, "typical_volume": 27030847.15, "trend": 104.711204, "fair_value": 90.077546, "relative_strength": 10.874657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.739882, "energy": 73.173066, "activity_lines": [ 107.992053, 106.52027, 105.212749, 104.889242 ] }, { "date": "2025-04-04", "close": 106.704239, "volume": 17325158, "typical_volume": 26942714.8, "trend": 104.833852, "fair_value": 90.208371, "relative_strength": 10.771859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.676636, "energy": 64.471586, "activity_lines": [ 107.716092, 106.779504, 105.418623, 105.017825 ] }, { "date": "2025-04-11", "close": 107.624107, "volume": 119230761, "typical_volume": 31206546.25, "trend": 104.895176, "fair_value": 90.347701, "relative_strength": 21.321277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.649261, "energy": 39.125361, "activity_lines": [ 107.654768, 107.139088, 105.698962, 105.197841 ] }, { "date": "2025-04-18", "close": 104.404587, "volume": 59721025, "typical_volume": 32244210.1, "trend": 104.833852, "fair_value": 90.463784, "relative_strength": 18.044146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.789443, "energy": 18.266539, "activity_lines": [ 106.520271, 106.79623, 105.646399, 105.16619 ] }, { "date": "2025-04-25", "close": 103.944649, "volume": 42579909, "typical_volume": 33350938.35, "trend": 104.726535, "fair_value": 90.579528, "relative_strength": 14.407801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.288863, "energy": 15.061278, "activity_lines": [ 105.447095, 106.34466, 105.547842, 105.108823 ] }, { "date": "2025-05-02", "close": 104.404587, "volume": 16569211, "typical_volume": 32117745.4, "trend": 104.634548, "fair_value": 90.682565, "relative_strength": 9.641475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.768536, "energy": 17.212359, "activity_lines": [ 104.864516, 105.968352, 105.493089, 105.088052 ] }, { "date": "2025-05-09", "close": 104.404587, "volume": 41305077, "typical_volume": 33137304.15, "trend": 104.665211, "fair_value": 90.785601, "relative_strength": 8.773196, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.664784, "energy": 15.258269, "activity_lines": [ 104.527234, 105.592045, 105.438335, 105.073215 ] }, { "date": "2025-05-16", "close": 104.86451, "volume": 34810321, "typical_volume": 32448814.45, "trend": 104.726535, "fair_value": 90.904632, "relative_strength": 4.47214, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.470965, "energy": 15.246212, "activity_lines": [ 104.49657, 105.316085, 105.431765, 105.086073 ] }, { "date": "2025-05-23", "close": 107.624107, "volume": 38355067, "typical_volume": 33144846.9, "trend": 104.80319, "fair_value": 91.038744, "relative_strength": 7.919287, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.372179, "energy": 11.418986, "activity_lines": [ 105.569744, 105.592044, 105.683632, 105.273014 ] }, { "date": "2025-05-30", "close": 104.86451, "volume": 57352359, "typical_volume": 34626252.75, "trend": 104.80319, "fair_value": 91.147338, "relative_strength": 6.415157, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.348827, "energy": 8.992268, "activity_lines": [ 105.508418, 105.366258, 105.66173, 105.27697 ] }, { "date": "2025-06-06", "close": 105.324448, "volume": 75392930, "typical_volume": 36393210.25, "trend": 104.833852, "fair_value": 91.258881, "relative_strength": 5.138923, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.214203, "energy": 12.450784, "activity_lines": [ 105.539081, 105.299359, 105.674871, 105.310599 ] }, { "date": "2025-06-13", "close": 106.704239, "volume": 21924975, "typical_volume": 36231914.75, "trend": 104.925839, "fair_value": 91.381877, "relative_strength": 4.310628, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.283117, "energy": 18.901047, "activity_lines": [ 105.968349, 105.533506, 105.80409, 105.431269 ] }, { "date": "2025-06-20", "close": 108.084038, "volume": 40119156, "typical_volume": 37647913.25, "trend": 105.125143, "fair_value": 91.518937, "relative_strength": 5.495873, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.052534, "energy": 30.65486, "activity_lines": [ 106.704241, 106.018525, 106.047197, 105.635024 ] }, { "date": "2025-06-27", "close": 106.704239, "volume": 100305827, "typical_volume": 41594873.75, "trend": 105.217129, "fair_value": 91.649761, "relative_strength": 1.395898, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.424408, "energy": 31.144363, "activity_lines": [ 106.765565, 106.244309, 106.126042, 105.736901 ] }, { "date": "2025-07-04", "close": 107.164177, "volume": 86472156, "typical_volume": 44807740.15, "trend": 105.324446, "fair_value": 91.76005, "relative_strength": 1.712395, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.524631, "energy": 34.861746, "activity_lines": [ 107.041525, 106.511906, 106.231169, 105.862517 ] }, { "date": "2025-07-11", "close": 102.507629, "volume": 120461466, "typical_volume": 49704144.25, "trend": 105.261215, "fair_value": 91.848317, "relative_strength": -3.634679, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.851889, "energy": 2.023112, "activity_lines": [ 105.611992, 105.874322, 105.875295, 105.680787 ] }, { "date": "2025-07-18", "close": 101.549614, "volume": 57494706, "typical_volume": 51293359.25, "trend": 105.135387, "fair_value": 91.939467, "relative_strength": -7.290691, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.584494, "energy": 30.316515, "activity_lines": [ 104.050909, 105.097043, 105.437214, 105.441329 ] }, { "date": "2025-07-25", "close": 101.070602, "volume": 46492985, "typical_volume": 52156828.9, "trend": 105.039585, "fair_value": 92.016675, "relative_strength": -7.715628, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.23522, "energy": 51.350706, "activity_lines": [ 102.673796, 104.284579, 104.971488, 105.179085 ] }, { "date": "2025-08-01", "close": 101.54961, "volume": 27465775, "typical_volume": 52272781.75, "trend": 104.913757, "fair_value": 92.129021, "relative_strength": -7.526839, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.216935, "energy": 56.725736, "activity_lines": [ 101.923916, 103.628188, 104.58259, 104.953925 ] }, { "date": "2025-08-08", "close": 102.986633, "volume": 18179817, "typical_volume": 51819786.4, "trend": 104.912486, "fair_value": 92.237535, "relative_strength": -8.42724, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.54364, "energy": 64.268972, "activity_lines": [ 101.996685, 103.34352, 104.359477, 104.829595 ] }, { "date": "2025-08-15", "close": 102.507629, "volume": 32545008, "typical_volume": 52705184.45, "trend": 104.925909, "fair_value": 92.342977, "relative_strength": -9.880685, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.743835, "energy": 53.994724, "activity_lines": [ 102.188288, 103.005903, 104.119398, 104.674443 ] }, { "date": "2025-08-22", "close": 103.465645, "volume": 31040787, "typical_volume": 53390965.9, "trend": 104.940605, "fair_value": 92.454562, "relative_strength": -6.829546, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.742328, "energy": 31.302568, "activity_lines": [ 102.699231, 102.893685, 103.997113, 104.580232 ] }, { "date": "2025-08-29", "close": 102.028618, "volume": 31137242, "typical_volume": 48986289.95, "trend": 104.968723, "fair_value": 92.565086, "relative_strength": -9.744887, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.151887, "energy": 26.448246, "activity_lines": [ 102.603429, 102.579074, 103.75339, 104.392362 ] }, { "date": "2025-09-05", "close": 101.549614, "volume": 14994951, "typical_volume": 46749986.25, "trend": 104.919551, "fair_value": 92.673084, "relative_strength": -10.95108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.129325, "energy": 32.656746, "activity_lines": [ 102.284091, 102.287469, 103.490693, 104.171774 ] }, { "date": "2025-09-12", "close": 102.986633, "volume": 19827465, "typical_volume": 45612364.05, "trend": 104.902948, "fair_value": 92.799533, "relative_strength": -12.844066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.918179, "energy": 24.516156, "activity_lines": [ 102.44376, 102.350861, 103.37845, 104.04707 ] }, { "date": "2025-09-19", "close": 101.070602, "volume": 36184842, "typical_volume": 46593145.6, "trend": 104.791815, "fair_value": 92.909352, "relative_strength": -14.482278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.706195, "energy": 38.562965, "activity_lines": [ 101.964751, 102.141839, 103.08829, 103.799822 ] }, { "date": "2025-09-26", "close": 102.507629, "volume": 30226305, "typical_volume": 46039207.0, "trend": 104.697921, "fair_value": 93.039253, "relative_strength": -12.972813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.607553, "energy": 33.479457, "activity_lines": [ 102.060553, 102.220223, 102.950865, 103.652455 ] }, { "date": "2025-10-03", "close": 104.42366, "volume": 44806180, "typical_volume": 46538999.95, "trend": 104.59124, "fair_value": 93.184153, "relative_strength": -14.975948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.122572, "energy": 13.321572, "activity_lines": [ 102.8589, 102.629557, 103.004953, 103.634761 ] }, { "date": "2025-10-10", "close": 105.86068, "volume": 23296778, "typical_volume": 45786085.5, "trend": 104.532459, "fair_value": 93.343157, "relative_strength": -15.242584, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.356211, "energy": 11.993881, "activity_lines": [ 103.976584, 103.239203, 103.198, 103.71666 ] }, { "date": "2025-10-17", "close": 106.818695, "volume": 41570070, "typical_volume": 44996971.05, "trend": 104.459619, "fair_value": 93.521346, "relative_strength": -14.265708, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.384178, "energy": 38.293435, "activity_lines": [ 105.126202, 103.94465, 103.490683, 103.864159 ] }, { "date": "2025-10-24", "close": 107.776711, "volume": 17019397, "typical_volume": 42078294.4, "trend": 104.449374, "fair_value": 93.714915, "relative_strength": -14.012623, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.782808, "energy": 61.283717, "activity_lines": [ 106.339688, 104.754608, 103.8653, 104.078165 ] }, { "date": "2025-10-31", "close": 104.902664, "volume": 31402670, "typical_volume": 42552179.15, "trend": 104.389322, "fair_value": 93.882452, "relative_strength": -18.115595, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.379425, "energy": 53.064058, "activity_lines": [ 106.148085, 104.946211, 103.954521, 104.107409 ] }, { "date": "2025-11-07", "close": 106.339691, "volume": 33474542, "typical_volume": 42219948.45, "trend": 104.346508, "fair_value": 94.051592, "relative_strength": -14.981267, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.720956, "energy": 50.876128, "activity_lines": [ 106.275821, 105.372964, 104.18918, 104.23324 ] }, { "date": "2025-11-14", "close": 103.944649, "volume": 32487359, "typical_volume": 38829025.05, "trend": 104.331177, "fair_value": 94.203205, "relative_strength": -15.904582, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.36531, "energy": 17.919592, "activity_lines": [ 105.477475, 105.285871, 104.204047, 104.207313 ] }, { "date": "2025-11-21", "close": 102.507629, "volume": 28918374, "typical_volume": 35951335.95, "trend": 104.283276, "fair_value": 94.343976, "relative_strength": -13.822656, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -11.780635, "energy": 12.058188, "activity_lines": [ 104.327857, 104.893957, 104.095196, 104.089665 ] }, { "date": "2025-11-28", "close": 103.465645, "volume": 37275756, "typical_volume": 31792050.45, "trend": 104.251978, "fair_value": 94.49741, "relative_strength": -16.485803, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.042001, "energy": 13.578286, "activity_lines": [ 103.784982, 104.684935, 104.099758, 104.036915 ] }, { "date": "2025-12-05", "close": 100.591599, "volume": 30858792, "typical_volume": 30460254.75, "trend": 104.124878, "fair_value": 94.63079, "relative_strength": -19.463125, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.075304, "energy": 37.479913, "activity_lines": [ 102.571497, 103.909814, 103.826039, 103.800761 ] }, { "date": "2025-12-12", "close": 101.070602, "volume": 41885667, "typical_volume": 30229888.85, "trend": 103.998415, "fair_value": 94.764523, "relative_strength": -19.384174, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.083188, "energy": 51.633626, "activity_lines": [ 101.805083, 103.256621, 103.602502, 103.603711 ] }, { "date": "2025-12-19", "close": 101.549614, "volume": 87886404, "typical_volume": 33250920.3, "trend": 103.795932, "fair_value": 94.896978, "relative_strength": -17.209572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.980048, "energy": 56.046558, "activity_lines": [ 101.549613, 102.751486, 103.424585, 103.445724 ] }, { "date": "2025-12-26", "close": 106.818695, "volume": 159696336, "typical_volume": 40326746.25, "trend": 103.861071, "fair_value": 95.070275, "relative_strength": -15.212663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.254271, "energy": 14.272868, "activity_lines": [ 103.210172, 103.282749, 103.748486, 103.640741 ] }, { "date": "2026-01-02", "close": 103.465645, "volume": 34165758, "typical_volume": 40407783.75, "trend": 103.799111, "fair_value": 95.218274, "relative_strength": -19.745549, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.809425, "energy": 9.76357, "activity_lines": [ 103.465643, 103.204367, 103.7348, 103.61523 ] }, { "date": "2026-01-09", "close": 102.986633, "volume": 33783398, "typical_volume": 40544914.3, "trend": 103.675191, "fair_value": 95.363746, "relative_strength": -22.220385, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.422031, "energy": 13.30544, "activity_lines": [ 103.561444, 103.117274, 103.670932, 103.562812 ] }, { "date": "2026-01-16", "close": 103.465645, "volume": 30442306, "typical_volume": 40510167.5, "trend": 103.521244, "fair_value": 95.504136, "relative_strength": -24.263623, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.929774, "energy": 12.34609, "activity_lines": [ 103.657246, 103.152111, 103.654965, 103.549293 ] }, { "date": "2026-01-23", "close": 102.986633, "volume": 27233014, "typical_volume": 41122070.65, "trend": 103.397324, "fair_value": 95.64689, "relative_strength": -25.513565, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.350083, "energy": 3.402524, "activity_lines": [ 103.433709, 103.152111, 103.586535, 103.514802 ] }, { "date": "2026-01-30", "close": 101.070602, "volume": 32793839, "typical_volume": 41770389.35, "trend": 103.194205, "fair_value": 95.777362, "relative_strength": -26.758369, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.464666, "energy": 25.116885, "activity_lines": [ 102.475693, 102.821159, 103.328783, 103.364691 ] }, { "date": "2026-02-06", "close": 101.070602, "volume": 21680717, "typical_volume": 41045183.1, "trend": 103.146304, "fair_value": 95.907834, "relative_strength": -25.710198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.815014, "energy": 35.768458, "activity_lines": [ 101.900883, 102.516336, 103.080155, 103.227684 ] }, { "date": "2026-02-13", "close": 102.028618, "volume": 16723123, "typical_volume": 40370024.0, "trend": 103.162271, "fair_value": 96.040643, "relative_strength": -28.613966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.451575, "energy": 46.331255, "activity_lines": [ 101.805081, 102.429243, 102.922767, 103.155575 ] }, { "date": "2026-02-27", "close": 102.986633, "volume": 40741313, "typical_volume": 40166780.65, "trend": 103.226139, "fair_value": 96.175788, "relative_strength": -31.159616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.229019, "energy": 40.285826, "activity_lines": [ 102.092485, 102.490208, 102.858899, 103.144244 ] }, { "date": "2026-03-06", "close": 103.465645, "volume": 61346770, "typical_volume": 42069280.25, "trend": 103.290006, "fair_value": 96.314004, "relative_strength": -26.605942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.848169, "energy": 18.46028, "activity_lines": [ 102.571494, 102.603428, 102.847494, 103.159696 ] }, { "date": "2026-03-13", "close": 102.028618, "volume": 38680596, "typical_volume": 41924806.55, "trend": 103.258073, "fair_value": 96.439747, "relative_strength": -26.617644, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.557607, "energy": 15.256563, "activity_lines": [ 102.53956, 102.420534, 102.710635, 103.078316 ] }, { "date": "2026-03-20", "close": 104.42366, "volume": 39096779, "typical_volume": 43028675.65, "trend": 103.32194, "fair_value": 96.577582, "relative_strength": -24.594293, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.593707, "energy": 11.440481, "activity_lines": [ 103.242106, 102.760195, 102.824685, 103.153515 ] }, { "date": "2026-03-27", "close": 104.902664, "volume": 31265356, "typical_volume": 43021809.95, "trend": 103.369841, "fair_value": 96.711965, "relative_strength": -22.634671, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.099684, "energy": 17.894019, "activity_lines": [ 103.880782, 103.169528, 103.000321, 103.255497 ] }, { "date": "2026-04-03", "close": 104.902664, "volume": 25560588, "typical_volume": 42626112.25, "trend": 103.465642, "fair_value": 96.838196, "relative_strength": -20.687722, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.632689, "energy": 33.570514, "activity_lines": [ 104.327856, 103.544025, 103.175957, 103.354389 ] }, { "date": "2026-04-10", "close": 105.381676, "volume": 25363235, "typical_volume": 42269906.05, "trend": 103.593378, "fair_value": 96.964779, "relative_strength": -26.013536, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.756277, "energy": 46.85276, "activity_lines": [ 104.806864, 103.979487, 103.404056, 103.478004 ] }, { "date": "2026-04-17", "close": 107.776711, "volume": 48445377, "typical_volume": 43246256.2, "trend": 103.753047, "fair_value": 97.103999, "relative_strength": -26.272069, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.442685, "energy": 65.569213, "activity_lines": [ 105.956483, 104.806864, 103.85341, 103.747896 ] }, { "date": "2026-04-24", "close": 108.255714, "volume": 90202937, "typical_volume": 45892615.25, "trend": 103.992551, "fair_value": 97.227265, "relative_strength": -29.098913, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.857986, "energy": 77.553158, "activity_lines": [ 106.882562, 105.599403, 104.323294, 104.038391 ] }, { "date": "2026-05-01", "close": 106.818695, "volume": 36022391, "typical_volume": 46150795.2, "trend": 104.136253, "fair_value": 97.354908, "relative_strength": -29.166083, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.593148, "energy": 71.020487, "activity_lines": [ 107.074165, 106.000028, 104.633508, 104.220723 ] }, { "date": "2026-05-08", "close": 105.381676, "volume": 37540731, "typical_volume": 45933548.4, "trend": 104.168187, "fair_value": 97.467905, "relative_strength": -33.797896, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.546358, "energy": 60.451795, "activity_lines": [ 106.659027, 106.052284, 104.777211, 104.301073 ] }, { "date": "2026-05-15", "close": 109.692741, "volume": 66067230, "typical_volume": 44842589.7, "trend": 104.295922, "fair_value": 97.603101, "relative_strength": -29.543014, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.432086, "energy": 57.076975, "activity_lines": [ 107.648976, 106.844823, 105.310962, 104.657496 ] }, { "date": "2026-05-22", "close": 107.297699, "volume": 84908523, "typical_volume": 41103199.05, "trend": 104.311889, "fair_value": 97.731097, "relative_strength": -32.086467, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.550377, "energy": 38.506889, "activity_lines": [ 107.553173, 107.088681, 105.577837, 104.851159 ] }, { "date": "2026-05-29", "close": 106.818695, "volume": 93574583, "typical_volume": 44073640.3, "trend": 104.279955, "fair_value": 97.850587, "relative_strength": -35.25497, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.421886, "energy": 34.230397, "activity_lines": [ 107.329636, 107.149646, 105.796812, 105.012888 ] }, { "date": "2026-06-05", "close": 111.129761, "volume": 61659203, "typical_volume": 45467430.55, "trend": 104.487525, "fair_value": 98.003148, "relative_strength": -32.283206, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.748438, "energy": 49.5972, "activity_lines": [ 108.638923, 107.950894, 106.410398, 105.454811 ] }, { "date": "2026-06-12", "close": 114.482819, "volume": 78374498, "typical_volume": 47864040.15, "trend": 104.758963, "fair_value": 98.171767, "relative_strength": -27.951569, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.610522, "energy": 66.958434, "activity_lines": [ 110.778491, 109.24857, 107.304546, 106.099669 ] }, { "date": "2026-06-19", "close": 114.003807, "volume": 34332644, "typical_volume": 48219021.65, "trend": 105.094268, "fair_value": 98.342751, "relative_strength": -30.919415, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.282784, "energy": 79.277117, "activity_lines": [ 112.151646, 110.284968, 108.10061, 106.69611 ] }, { "date": "2026-06-26", "close": 113.524803, "volume": 44803851, "typical_volume": 48819522.25, "trend": 105.461507, "fair_value": 98.513381, "relative_strength": -27.360894, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.618439, "energy": 79.441552, "activity_lines": [ 113.077728, 111.077508, 108.798593, 107.240016 ] }, { "date": "2026-07-03", "close": 111.608772, "volume": 88949313, "typical_volume": 52182952.05, "trend": 105.732945, "fair_value": 98.677165, "relative_strength": -31.074317, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.030646, "energy": 69.281449, "activity_lines": [ 112.949993, 111.417168, 109.254791, 107.636613 ] }, { "date": "2026-07-10", "close": 108.5, "volume": 0, "typical_volume": 51346795.9, "trend": 105.996558, "fair_value": 98.829862, "relative_strength": -29.968991, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.300563, "energy": 40.524393, "activity_lines": [ 111.466662, 111.130632, 109.364733, 107.815133 ] }, { "date": "2026-07-17", "close": 111.0, "volume": 96395449, "typical_volume": 54129502.7, "trend": 106.327538, "fair_value": 99.010509, "relative_strength": -23.024843, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.320135, "energy": 27.236284, "activity_lines": [ 110.991982, 111.268073, 109.681955, 108.137936 ] }, { "date": "2026-07-24", "close": 113.5, "volume": 70297790, "typical_volume": 54577053.7, "trend": 106.725884, "fair_value": 99.198097, "relative_strength": -22.293815, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.410515, "energy": 29.426584, "activity_lines": [ 111.582823, 111.757907, 110.199113, 108.600675 ] }, { "date": "2026-07-31", "close": 112.5, "volume": 69981212, "typical_volume": 56142084.5, "trend": 106.915261, "fair_value": 99.384952, "relative_strength": -21.245535, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.792337, "energy": 26.735702, "activity_lines": [ 111.873918, 111.996701, 110.57325, 108.973199 ] }, { "date": "2026-08-07", "close": 111.5, "volume": 39620685, "typical_volume": 56168279.8, "trend": 107.183073, "fair_value": 99.560287, "relative_strength": -23.088754, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.889936, "energy": 27.757289, "activity_lines": [ 111.9, 111.959089, 110.802286, 109.268989 ] }, { "date": "2026-08-14", "close": 108.0, "volume": 55639562, "typical_volume": 57386990.1, "trend": 107.350185, "fair_value": 99.718297, "relative_strength": -27.257118, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.489157, "energy": 17.128853, "activity_lines": [ 110.766667, 111.199999, 110.664291, 109.321694 ] } ], "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." } } }