{ "ticker": { "uuid": "7837c753-872e-4256-8b42-f8fbde827e8a", "symbol": "NEM", "name": "Nemetschek SE", "exchange": "VIE", "country": "AT", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^ATX", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -32.746, "architecture_energy": 17.345, "architecture_maturity": 100.0, "architecture_confidence": 55.714, "architecture_tenure": "Extended", "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": 52.43, "rotation_up": 27.02, "upward_expansion": 18.47, "deceleration": 46.62, "rotation_down": 20.92, "downward_expansion": 52.47 }, "activity_lines": [ 58.236668, 56.997273, 58.359528, 60.223125 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 60.150002, "trend_reference": 63.425353, "distance_from_trend": -0.051641, "trend_direction": "Weakening", "fair_value": 88.269349, "distance_from_fair_value": -0.318563, "fair_value_direction": "Weakening", "relative_strength": -40.145792, "relative_strength_direction": "Improving", "price_momentum": -0.140751, "excess_performance": -0.314997, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.051641, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.154748, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.318563, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.007781, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.401458, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.069707, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.140751, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.706311, "read": "Demand-led" } ], "volume": { "latest": 830, "relative_activity": 4.678692, "balance": 1.706311, "dry_up": 2.353439, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.084297, "annualized_volatility": 0.401343, "from_high_reference": -0.559479, "from_low_reference": 0.184055 }, "levels": { "trend_reference": 63.425353, "fair_value_reference": 88.269349, "structural_low": 50.799999, "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": 23, "median_return": -0.014979, "positive_rate": 0.478261, "directional_follow_through": 0.521739, "median_excess_return": -0.034753, "regime_survival": 0.869565, "best_return": 0.167342, "worst_return": -0.240158, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.069032, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.122355, "regime_survival": 0.625, "best_return": 0.1875, "worst_return": -0.270916, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.063366, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.065132, "regime_survival": 0.25, "best_return": 0.442494, "worst_return": -0.371016, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.118515, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001811, "regime_survival": 0.0, "best_return": 0.520489, "worst_return": -0.283459, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-04-26", "tenure": "Established", "return": 0.058255, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-03", "end": "2024-06-07", "tenure": "Developing", "return": 0.165643, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-14", "end": "2024-08-02", "tenure": "Developing", "return": -0.062845, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": 0.07931, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-12-06", "tenure": "Developing", "return": 0.025797, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": 0.198735, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.036114, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-05-09", "tenure": "Developing", "return": 0.120799, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-04", "tenure": "Developing", "return": 0.006279, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.022222, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": -0.065613, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": -0.082753, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-19", "end": "2025-10-24", "tenure": "Developing", "return": -0.027959, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-08-07", "tenure": "Extended", "return": -0.394503, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 59.667488, "volume": 111, "typical_volume": 19.2, "trend": 61.612997, "fair_value": 65.124689, "relative_strength": 6.854732, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.295271, "energy": 38.662544, "activity_lines": [ 62.216174, 63.149382, 65.326575, 64.304754 ] }, { "date": "2023-08-25", "close": 60.157368, "volume": 0, "typical_volume": 19.2, "trend": 62.021689, "fair_value": 65.101637, "relative_strength": 8.467514, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.624479, "energy": 49.288583, "activity_lines": [ 61.330469, 62.373055, 64.777416, 64.210843 ] }, { "date": "2023-09-01", "close": 61.783772, "volume": 0, "typical_volume": 19.2, "trend": 62.246411, "fair_value": 65.119546, "relative_strength": 8.852148, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.832504, "energy": 44.213759, "activity_lines": [ 61.20506, 62.088746, 64.396159, 64.195493 ] }, { "date": "2023-09-08", "close": 60.431705, "volume": 0, "typical_volume": 19.2, "trend": 62.631149, "fair_value": 65.121078, "relative_strength": 7.4079, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.986335, "energy": 52.885672, "activity_lines": [ 60.788336, 61.662283, 63.891117, 64.078415 ] }, { "date": "2023-09-15", "close": 58.237038, "volume": 0, "typical_volume": 19.2, "trend": 62.927804, "fair_value": 65.091268, "relative_strength": 2.103341, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.685541, "energy": 55.614125, "activity_lines": [ 59.883037, 60.958992, 63.184865, 63.794924 ] }, { "date": "2023-09-22", "close": 55.866013, "volume": 0, "typical_volume": 18.2, "trend": 63.039637, "fair_value": 65.070318, "relative_strength": -1.34331, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.881728, "energy": 68.742396, "activity_lines": [ 58.48655, 59.871279, 62.302858, 63.339325 ] }, { "date": "2023-09-29", "close": 56.963345, "volume": 0, "typical_volume": 18.2, "trend": 63.179611, "fair_value": 65.054242, "relative_strength": 0.284315, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.607868, "energy": 79.666426, "activity_lines": [ 57.709272, 59.127372, 61.572058, 62.947306 ] }, { "date": "2023-10-06", "close": 60.823608, "volume": 0, "typical_volume": 18.2, "trend": 63.497585, "fair_value": 65.045948, "relative_strength": 8.487652, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.492207, "energy": 73.052584, "activity_lines": [ 58.431683, 59.202903, 61.259647, 62.795306 ] }, { "date": "2023-10-13", "close": 61.117535, "volume": 0, "typical_volume": 18.2, "trend": 63.763701, "fair_value": 65.045707, "relative_strength": 7.705285, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.001637, "energy": 46.596427, "activity_lines": [ 59.31608, 59.392799, 61.018626, 62.641754 ] }, { "date": "2023-10-20", "close": 61.431057, "volume": 7, "typical_volume": 18.55, "trend": 63.898784, "fair_value": 65.068449, "relative_strength": 11.870991, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.594089, "energy": 26.063813, "activity_lines": [ 60.259263, 59.693496, 60.854119, 62.491261 ] }, { "date": "2023-10-27", "close": 66.016342, "volume": 0, "typical_volume": 18.55, "trend": 64.04328, "fair_value": 65.10763, "relative_strength": 20.064262, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.52394, "energy": 19.081615, "activity_lines": [ 62.51794, 60.851396, 61.182479, 62.627878 ] }, { "date": "2023-11-03", "close": 67.192055, "volume": 0, "typical_volume": 12.35, "trend": 64.186728, "fair_value": 65.128747, "relative_strength": 15.062688, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 33.937725, "energy": 37.995378, "activity_lines": [ 64.491833, 62.107628, 61.643154, 62.831024 ] }, { "date": "2023-11-10", "close": 71.816536, "volume": 0, "typical_volume": 12.35, "trend": 64.486273, "fair_value": 65.194313, "relative_strength": 21.353768, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.857269, "energy": 55.070903, "activity_lines": [ 67.325305, 64.076772, 62.56217, 63.32327 ] }, { "date": "2023-11-17", "close": 77.695099, "volume": 0, "typical_volume": 6.15, "trend": 65.007081, "fair_value": 65.290469, "relative_strength": 27.193823, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.676148, "energy": 81.025842, "activity_lines": [ 71.385436, 66.932331, 64.020429, 64.175452 ] }, { "date": "2023-11-24", "close": 78.322151, "volume": 0, "typical_volume": 6.15, "trend": 65.326182, "fair_value": 65.391569, "relative_strength": 27.736307, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.926153, "energy": 86.186222, "activity_lines": [ 74.549414, 69.58802, 65.488205, 65.034489 ] }, { "date": "2023-12-01", "close": 77.655914, "volume": 0, "typical_volume": 5.9, "trend": 65.725617, "fair_value": 65.535589, "relative_strength": 23.224517, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.306879, "energy": 92.086812, "activity_lines": [ 76.36524, 71.75739, 66.809111, 65.829956 ] }, { "date": "2023-12-08", "close": 77.02887, "volume": 0, "typical_volume": 5.9, "trend": 66.039251, "fair_value": 65.671888, "relative_strength": 20.996525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.335175, "energy": 88.369331, "activity_lines": [ 77.19608, 73.416573, 68.004327, 66.559198 ] }, { "date": "2023-12-15", "close": 77.714699, "volume": 0, "typical_volume": 5.9, "trend": 66.298515, "fair_value": 65.795928, "relative_strength": 19.343924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.815726, "energy": 86.905892, "activity_lines": [ 77.599741, 74.835625, 69.200103, 67.312453 ] }, { "date": "2023-12-22", "close": 76.088303, "volume": 0, "typical_volume": 5.9, "trend": 66.470953, "fair_value": 65.904916, "relative_strength": 14.734028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.665755, "energy": 64.830603, "activity_lines": [ 77.06806, 75.651857, 70.176506, 67.944052 ] }, { "date": "2023-12-29", "close": 76.891708, "volume": 0, "typical_volume": 5.9, "trend": 66.593097, "fair_value": 66.022138, "relative_strength": 14.172835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.23476, "energy": 61.777238, "activity_lines": [ 76.9113, 76.341967, 71.172225, 68.616359 ] }, { "date": "2024-01-05", "close": 72.228035, "volume": 0, "typical_volume": 0.35, "trend": 66.657761, "fair_value": 66.124887, "relative_strength": 6.764601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.141006, "energy": 46.826865, "activity_lines": [ 75.295346, 75.903034, 71.656321, 68.979903 ] }, { "date": "2024-01-12", "close": 76.519386, "volume": 25, "typical_volume": 1.6, "trend": 66.843263, "fair_value": 66.269024, "relative_strength": 13.448451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.750478, "energy": 42.392377, "activity_lines": [ 75.4717, 76.131406, 72.489304, 69.616137 ] }, { "date": "2024-01-19", "close": 78.851227, "volume": 0, "typical_volume": 1.6, "trend": 67.222105, "fair_value": 66.402509, "relative_strength": 17.825771, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.435316, "energy": 47.446191, "activity_lines": [ 76.4593, 76.614162, 73.466454, 70.390844 ] }, { "date": "2024-01-26", "close": 81.966866, "volume": 15, "typical_volume": 2.35, "trend": 67.715905, "fair_value": 66.56892, "relative_strength": 17.465726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.644674, "energy": 59.622437, "activity_lines": [ 78.409678, 77.535494, 74.659057, 71.342119 ] }, { "date": "2024-02-02", "close": 81.908073, "volume": 0, "typical_volume": 2.35, "trend": 68.419373, "fair_value": 66.72786, "relative_strength": 17.048031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.176251, "energy": 69.354418, "activity_lines": [ 79.948554, 78.368468, 75.743513, 72.257743 ] }, { "date": "2024-02-09", "close": 88.256943, "volume": 0, "typical_volume": 2.35, "trend": 69.234535, "fair_value": 66.935825, "relative_strength": 27.734273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.397006, "energy": 92.724866, "activity_lines": [ 83.269296, 80.290584, 77.319903, 73.537586 ] }, { "date": "2024-02-16", "close": 84.710197, "volume": 6, "typical_volume": 2.65, "trend": 69.943883, "fair_value": 67.13586, "relative_strength": 19.678812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.059902, "energy": 87.239082, "activity_lines": [ 84.339196, 81.37509, 78.404266, 74.536016 ] }, { "date": "2024-02-23", "close": 86.17984, "volume": 0, "typical_volume": 2.65, "trend": 70.677398, "fair_value": 67.366289, "relative_strength": 21.388805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.5758, "energy": 85.66239, "activity_lines": [ 85.352922, 82.587144, 79.496467, 75.583497 ] }, { "date": "2024-03-01", "close": 86.454163, "volume": 97, "typical_volume": 7.5, "trend": 71.423323, "fair_value": 67.604029, "relative_strength": 20.817467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.251971, "energy": 78.128043, "activity_lines": [ 85.969515, 83.695163, 80.49405, 76.601353 ] }, { "date": "2024-03-08", "close": 86.101456, "volume": 97, "typical_volume": 12.0, "trend": 72.20256, "fair_value": 67.836115, "relative_strength": 19.178829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.831236, "energy": 62.268122, "activity_lines": [ 86.169386, 84.550584, 81.337391, 77.548329 ] }, { "date": "2024-03-15", "close": 81.594559, "volume": 28, "typical_volume": 13.4, "trend": 72.933462, "fair_value": 68.030366, "relative_strength": 11.202371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.4507, "energy": 51.077611, "activity_lines": [ 84.587399, 84.419118, 81.634026, 78.154265 ] }, { "date": "2024-03-22", "close": 87.982605, "volume": 0, "typical_volume": 13.4, "trend": 73.86097, "fair_value": 68.255079, "relative_strength": 16.208228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.019819, "energy": 52.896715, "activity_lines": [ 85.57892, 85.278815, 82.464864, 79.125177 ] }, { "date": "2024-03-29", "close": 89.804955, "volume": 40, "typical_volume": 15.4, "trend": 74.795009, "fair_value": 68.482467, "relative_strength": 16.753078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.51781, "energy": 53.685234, "activity_lines": [ 86.95973, 86.261427, 83.370257, 80.153821 ] }, { "date": "2024-04-05", "close": 87.737671, "volume": 0, "typical_volume": 15.4, "trend": 75.705208, "fair_value": 68.686981, "relative_strength": 12.59004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.888069, "energy": 48.204739, "activity_lines": [ 87.409771, 86.669009, 83.993106, 80.988832 ] }, { "date": "2024-04-12", "close": 83.18177, "volume": 0, "typical_volume": 15.4, "trend": 76.536699, "fair_value": 68.85242, "relative_strength": 6.711179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.036791, "energy": 42.942473, "activity_lines": [ 86.255611, 86.143323, 84.134239, 81.47119 ] }, { "date": "2024-04-19", "close": 78.478912, "volume": 0, "typical_volume": 15.4, "trend": 77.290463, "fair_value": 68.992648, "relative_strength": 0.909802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.600599, "energy": 15.795503, "activity_lines": [ 83.728478, 84.739413, 83.804339, 81.596495 ] }, { "date": "2024-04-26", "close": 81.516167, "volume": 0, "typical_volume": 15.4, "trend": 78.10889, "fair_value": 69.132852, "relative_strength": 4.310521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.479208, "energy": 20.573378, "activity_lines": [ 82.421473, 84.065514, 83.759782, 81.869121 ] }, { "date": "2024-05-03", "close": 81.663139, "volume": 0, "typical_volume": 15.4, "trend": 78.803541, "fair_value": 69.301634, "relative_strength": 3.047565, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.362829, "energy": 20.63342, "activity_lines": [ 81.594554, 83.47641, 83.707855, 82.098427 ] }, { "date": "2024-05-10", "close": 83.867599, "volume": 0, "typical_volume": 15.4, "trend": 79.561877, "fair_value": 69.483646, "relative_strength": 2.953769, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.887267, "energy": 18.844763, "activity_lines": [ 82.045243, 83.370239, 83.847074, 82.42514 ] }, { "date": "2024-05-17", "close": 86.023079, "volume": 0, "typical_volume": 15.4, "trend": 80.381611, "fair_value": 69.680591, "relative_strength": 3.726107, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.929012, "energy": 14.085312, "activity_lines": [ 83.47243, 83.703002, 84.154532, 82.841992 ] }, { "date": "2024-05-24", "close": 90.019371, "volume": 0, "typical_volume": 15.4, "trend": 81.181712, "fair_value": 69.877603, "relative_strength": 8.54112, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.04196, "energy": 45.874221, "activity_lines": [ 86.042294, 84.763788, 84.799107, 83.463783 ] }, { "date": "2024-05-31", "close": 82.386444, "volume": 35, "typical_volume": 15.9, "trend": 81.688191, "fair_value": 70.034121, "relative_strength": 1.007503, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.251456, "energy": 25.528061, "activity_lines": [ 85.298485, 84.283591, 84.632016, 83.541508 ] }, { "date": "2024-06-07", "close": 95.190079, "volume": 0, "typical_volume": 15.9, "trend": 82.467309, "fair_value": 70.26986, "relative_strength": 17.266335, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.990201, "energy": 66.098003, "activity_lines": [ 88.764536, 86.233077, 85.656381, 84.412597 ] }, { "date": "2024-06-14", "close": 89.329948, "volume": 0, "typical_volume": 15.15, "trend": 82.855138, "fair_value": 70.449553, "relative_strength": 13.620408, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.197598, "energy": 60.135096, "activity_lines": [ 89.375414, 87.019172, 86.044834, 84.855348 ] }, { "date": "2024-06-21", "close": 89.674667, "volume": 0, "typical_volume": 15.15, "trend": 83.233555, "fair_value": 70.620293, "relative_strength": 11.964493, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.788351, "energy": 52.337158, "activity_lines": [ 89.737042, 87.838993, 86.431054, 85.295318 ] }, { "date": "2024-06-28", "close": 90.856529, "volume": 6, "typical_volume": 15.45, "trend": 83.673575, "fair_value": 70.800346, "relative_strength": 12.501437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.615662, "energy": 62.222365, "activity_lines": [ 90.249184, 88.755646, 86.89285, 85.787123 ] }, { "date": "2024-07-05", "close": 93.614243, "volume": 0, "typical_volume": 15.15, "trend": 84.226421, "fair_value": 70.987905, "relative_strength": 12.265462, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.969523, "energy": 55.705749, "activity_lines": [ 91.624754, 89.948653, 87.604906, 86.428456 ] }, { "date": "2024-07-12", "close": 91.890678, "volume": 81, "typical_volume": 19.2, "trend": 84.698954, "fair_value": 71.139114, "relative_strength": 9.832355, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.668805, "energy": 48.301866, "activity_lines": [ 91.677282, 90.60832, 88.110412, 86.922924 ] }, { "date": "2024-07-19", "close": 88.148079, "volume": 0, "typical_volume": 14.35, "trend": 85.100946, "fair_value": 71.251447, "relative_strength": 5.964826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.40204, "energy": 36.543863, "activity_lines": [ 90.702237, 90.401559, 88.232286, 87.145448 ] }, { "date": "2024-07-26", "close": 85.09491, "volume": 0, "typical_volume": 9.5, "trend": 85.374386, "fair_value": 71.334783, "relative_strength": 2.018365, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.786928, "energy": 16.567327, "activity_lines": [ 88.788261, 89.56185, 88.055316, 87.145059 ] }, { "date": "2024-08-02", "close": 83.716049, "volume": 0, "typical_volume": 8.1, "trend": 85.75732, "fair_value": 71.387326, "relative_strength": 4.152967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.452507, "energy": 15.451601, "activity_lines": [ 86.719981, 88.488314, 87.751819, 87.03807 ] }, { "date": "2024-08-09", "close": 85.685837, "volume": 0, "typical_volume": 8.1, "trend": 86.062868, "fair_value": 71.444558, "relative_strength": 5.208056, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.343502, "energy": 15.844819, "activity_lines": [ 85.78433, 87.887528, 87.625818, 87.033458 ] }, { "date": "2024-08-16", "close": 87.557137, "volume": 0, "typical_volume": 6.1, "trend": 86.353065, "fair_value": 71.499769, "relative_strength": 5.114095, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.156059, "energy": 17.506944, "activity_lines": [ 86.001005, 87.566989, 87.688973, 87.129862 ] }, { "date": "2024-08-23", "close": 89.280708, "volume": 0, "typical_volume": 6.1, "trend": 86.59686, "fair_value": 71.563797, "relative_strength": 4.950654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.379358, "energy": 13.081216, "activity_lines": [ 87.081107, 87.698607, 87.926982, 87.318742 ] }, { "date": "2024-08-30", "close": 92.530853, "volume": 0, "typical_volume": 6.1, "trend": 86.950953, "fair_value": 71.637496, "relative_strength": 7.120818, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.975582, "energy": 24.377861, "activity_lines": [ 89.169082, 88.422056, 88.467181, 87.701581 ] }, { "date": "2024-09-06", "close": 85.439613, "volume": 7, "typical_volume": 6.45, "trend": 86.857042, "fair_value": 71.648249, "relative_strength": 2.620387, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.202837, "energy": 14.078889, "activity_lines": [ 88.397581, 87.804258, 88.287504, 87.604075 ] }, { "date": "2024-09-13", "close": 87.80336, "volume": 0, "typical_volume": 6.45, "trend": 86.960147, "fair_value": 71.672543, "relative_strength": 4.309676, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.026595, "energy": 17.882902, "activity_lines": [ 88.299091, 87.714721, 88.299799, 87.665128 ] }, { "date": "2024-09-20", "close": 88.689766, "volume": 0, "typical_volume": 6.45, "trend": 87.043812, "fair_value": 71.680069, "relative_strength": 4.404654, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.506211, "energy": 16.826628, "activity_lines": [ 88.354902, 87.892002, 88.366575, 87.776716 ] }, { "date": "2024-09-27", "close": 93.71273, "volume": 0, "typical_volume": 6.45, "trend": 87.285764, "fair_value": 71.72649, "relative_strength": 8.653072, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.695646, "energy": 33.184396, "activity_lines": [ 90.009525, 89.040747, 88.878269, 88.206969 ] }, { "date": "2024-10-04", "close": 92.481613, "volume": 0, "typical_volume": 6.45, "trend": 87.498436, "fair_value": 71.812649, "relative_strength": 7.835202, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.342529, "energy": 47.88072, "activity_lines": [ 90.958308, 89.864477, 89.225832, 88.542185 ] }, { "date": "2024-10-11", "close": 97.356842, "volume": 79, "typical_volume": 10.4, "trend": 88.023845, "fair_value": 71.882803, "relative_strength": 12.66065, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.634667, "energy": 69.56252, "activity_lines": [ 93.53545, 91.440309, 90.006947, 89.178211 ] }, { "date": "2024-10-18", "close": 99.868324, "volume": 0, "typical_volume": 8.65, "trend": 88.420036, "fair_value": 71.909024, "relative_strength": 14.492141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.670579, "energy": 81.233154, "activity_lines": [ 96.15527, 93.22476, 90.992311, 89.942371 ] }, { "date": "2024-10-25", "close": 99.868324, "volume": 0, "typical_volume": 8.65, "trend": 88.755481, "fair_value": 71.934253, "relative_strength": 15.352251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.90945, "energy": 84.515417, "activity_lines": [ 97.97076, 94.751347, 91.894428, 90.68097 ] }, { "date": "2024-11-01", "close": 98.88343, "volume": 0, "typical_volume": 8.65, "trend": 89.127007, "fair_value": 71.882532, "relative_strength": 15.343911, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.79517, "energy": 82.09977, "activity_lines": [ 98.712714, 95.875023, 92.680468, 91.334386 ] }, { "date": "2024-11-08", "close": 103.216965, "volume": 0, "typical_volume": 8.65, "trend": 89.794846, "fair_value": 71.866653, "relative_strength": 19.040409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.981343, "energy": 85.697207, "activity_lines": [ 100.554467, 97.612019, 93.833732, 92.243416 ] }, { "date": "2024-11-15", "close": 98.587959, "volume": 0, "typical_volume": 8.35, "trend": 90.465148, "fair_value": 71.798154, "relative_strength": 13.163113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.736942, "energy": 65.109, "activity_lines": [ 100.137528, 98.313085, 94.481652, 92.810713 ] }, { "date": "2024-11-22", "close": 98.784935, "volume": 0, "typical_volume": 8.35, "trend": 91.040774, "fair_value": 71.786422, "relative_strength": 13.786659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.703647, "energy": 50.380935, "activity_lines": [ 99.704173, 98.810904, 95.111515, 93.347474 ] }, { "date": "2024-11-29", "close": 96.667412, "volume": 0, "typical_volume": 4.3, "trend": 91.540916, "fair_value": 71.765458, "relative_strength": 10.80123, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.545884, "energy": 39.325096, "activity_lines": [ 98.637202, 98.724053, 95.515088, 93.710483 ] }, { "date": "2024-12-06", "close": 99.868324, "volume": 0, "typical_volume": 4.3, "trend": 92.074274, "fair_value": 71.741136, "relative_strength": 12.640501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.118028, "energy": 34.450946, "activity_lines": [ 98.850597, 99.074139, 96.200762, 94.247735 ] }, { "date": "2024-12-13", "close": 93.417267, "volume": 0, "typical_volume": 4.3, "trend": 92.320747, "fair_value": 71.673601, "relative_strength": 3.306671, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.140991, "energy": 18.604456, "activity_lines": [ 96.84798, 98.139385, 96.216239, 94.33438 ] }, { "date": "2024-12-20", "close": 92.28463, "volume": 0, "typical_volume": 4.3, "trend": 92.396255, "fair_value": 71.57958, "relative_strength": 3.439803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.165598, "energy": 17.502908, "activity_lines": [ 95.12113, 96.981686, 96.084216, 94.332049 ] }, { "date": "2024-12-27", "close": 93.663483, "volume": 0, "typical_volume": 4.3, "trend": 92.772156, "fair_value": 71.482305, "relative_strength": 3.527946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.241681, "energy": 19.186804, "activity_lines": [ 94.27412, 96.166908, 96.04271, 94.413806 ] }, { "date": "2025-01-03", "close": 92.481613, "volume": 0, "typical_volume": 4.3, "trend": 92.681874, "fair_value": 71.496152, "relative_strength": 1.317062, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.890384, "energy": 21.002699, "activity_lines": [ 93.374583, 95.250061, 95.850655, 94.395061 ] }, { "date": "2025-01-10", "close": 96.716652, "volume": 0, "typical_volume": 4.3, "trend": 92.928098, "fair_value": 71.593086, "relative_strength": 5.614904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.96644, "energy": 17.593426, "activity_lines": [ 94.165779, 95.237525, 96.038488, 94.65537 ] }, { "date": "2025-01-17", "close": 96.667412, "volume": 0, "typical_volume": 4.3, "trend": 93.161189, "fair_value": 71.708061, "relative_strength": 1.80384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.75386, "energy": 10.013999, "activity_lines": [ 95.150674, 95.255432, 96.186222, 94.896616 ] }, { "date": "2025-01-24", "close": 111.982521, "volume": 6, "typical_volume": 4.25, "trend": 93.865389, "fair_value": 71.931753, "relative_strength": 15.470437, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 79.178423, "energy": 66.530239, "activity_lines": [ 101.023928, 98.176987, 97.77284, 96.110895 ] }, { "date": "2025-01-31", "close": 114.543251, "volume": 1, "typical_volume": 4.3, "trend": 94.563023, "fair_value": 72.167519, "relative_strength": 17.004383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.386402, "energy": 86.63268, "activity_lines": [ 106.437566, 101.320592, 99.476942, 97.444951 ] }, { "date": "2025-02-07", "close": 117.990387, "volume": 40, "typical_volume": 6.3, "trend": 95.433013, "fair_value": 72.447707, "relative_strength": 19.681352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.192022, "energy": 95.512111, "activity_lines": [ 111.608265, 104.804433, 101.38201, 98.956394 ] }, { "date": "2025-02-14", "close": 120.649597, "volume": 0, "typical_volume": 6.3, "trend": 96.516397, "fair_value": 72.757593, "relative_strength": 15.842368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.458094, "energy": 95.75424, "activity_lines": [ 115.964783, 108.384078, 103.40081, 100.58327 ] }, { "date": "2025-02-21", "close": 115.331169, "volume": 0, "typical_volume": 6.3, "trend": 97.524272, "fair_value": 73.014533, "relative_strength": 11.439498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.186867, "energy": 88.287165, "activity_lines": [ 116.952961, 110.618894, 104.784821, 101.797126 ] }, { "date": "2025-02-28", "close": 109.914246, "volume": 0, "typical_volume": 2.35, "trend": 98.397545, "fair_value": 73.252254, "relative_strength": 3.595394, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.954507, "energy": 81.445775, "activity_lines": [ 114.891248, 111.47038, 105.544128, 102.596479 ] }, { "date": "2025-03-07", "close": 111.785553, "volume": 0, "typical_volume": 2.35, "trend": 99.267536, "fair_value": 73.510032, "relative_strength": 1.810021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.284851, "energy": 55.950647, "activity_lines": [ 113.591189, 112.341565, 106.421857, 103.460222 ] }, { "date": "2025-03-14", "close": 114.346275, "volume": 0, "typical_volume": 2.35, "trend": 100.160507, "fair_value": 73.736597, "relative_strength": 3.761136, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.887875, "energy": 44.412383, "activity_lines": [ 113.328551, 113.348844, 107.486716, 104.433044 ] }, { "date": "2025-03-21", "close": 110.406693, "volume": 0, "typical_volume": 2.35, "trend": 100.864707, "fair_value": 73.908264, "relative_strength": 1.027702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.2525, "energy": 32.729976, "activity_lines": [ 111.995659, 113.242296, 108.107434, 105.094088 ] }, { "date": "2025-03-28", "close": 108.436905, "volume": 0, "typical_volume": 2.35, "trend": 101.394908, "fair_value": 74.056762, "relative_strength": 1.171202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.080006, "energy": 26.844853, "activity_lines": [ 110.689032, 112.528695, 108.485681, 105.582617 ] }, { "date": "2025-04-04", "close": 97.061371, "volume": 0, "typical_volume": 2.35, "trend": 101.7823, "fair_value": 74.143378, "relative_strength": 0.410335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.795768, "energy": 14.147353, "activity_lines": [ 106.050177, 109.532825, 107.755686, 105.303034 ] }, { "date": "2025-04-11", "close": 99.769836, "volume": 180, "typical_volume": 11.35, "trend": 102.181183, "fair_value": 74.274024, "relative_strength": 4.237766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.125203, "energy": 20.918577, "activity_lines": [ 103.171003, 107.300696, 107.29091, 105.173197 ] }, { "date": "2025-04-18", "close": 105.580711, "volume": 1, "typical_volume": 11.4, "trend": 102.744214, "fair_value": 74.467345, "relative_strength": 4.306629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.073809, "energy": 21.192529, "activity_lines": [ 103.029834, 106.393697, 107.374861, 105.392522 ] }, { "date": "2025-04-25", "close": 110.308205, "volume": 3, "typical_volume": 11.55, "trend": 103.297397, "fair_value": 74.699157, "relative_strength": 4.746958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.487025, "energy": 20.832793, "activity_lines": [ 105.048868, 106.571874, 107.866605, 105.880521 ] }, { "date": "2025-05-02", "close": 119.763191, "volume": 3, "typical_volume": 11.7, "trend": 104.206783, "fair_value": 75.059919, "relative_strength": 11.587952, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.293194, "energy": 29.792312, "activity_lines": [ 110.22613, 108.657164, 109.20911, 106.942831 ] }, { "date": "2025-05-09", "close": 121.536003, "volume": 25, "typical_volume": 12.95, "trend": 105.012755, "fair_value": 75.438984, "relative_strength": 7.799432, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.952661, "energy": 66.095352, "activity_lines": [ 115.239243, 110.984201, 110.594997, 108.060845 ] }, { "date": "2025-05-16", "close": 118.975281, "volume": 0, "typical_volume": 12.95, "trend": 105.649653, "fair_value": 75.802258, "relative_strength": 2.208995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.392118, "energy": 70.361226, "activity_lines": [ 117.767141, 112.634347, 111.597714, 108.961653 ] }, { "date": "2025-05-23", "close": 116.556152, "volume": 1, "typical_volume": 13.0, "trend": 106.205914, "fair_value": 76.126312, "relative_strength": 1.184417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.364544, "energy": 71.540933, "activity_lines": [ 118.208299, 113.71393, 112.249505, 109.665298 ] }, { "date": "2025-05-30", "close": 120.217079, "volume": 0, "typical_volume": 13.0, "trend": 106.917036, "fair_value": 76.477202, "relative_strength": 2.979667, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.08967, "energy": 71.47313, "activity_lines": [ 119.13807, 115.418956, 113.135315, 110.569244 ] }, { "date": "2025-06-06", "close": 128.33049, "volume": 0, "typical_volume": 13.0, "trend": 107.754153, "fair_value": 76.902568, "relative_strength": 9.156376, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.746762, "energy": 74.850361, "activity_lines": [ 122.111719, 118.420778, 114.681925, 111.950757 ] }, { "date": "2025-06-13", "close": 121.305466, "volume": 0, "typical_volume": 12.7, "trend": 108.511404, "fair_value": 77.341311, "relative_strength": 5.208389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.3115, "energy": 55.948562, "activity_lines": [ 122.172541, 119.78362, 115.408708, 112.825035 ] }, { "date": "2025-06-20", "close": 113.093109, "volume": 0, "typical_volume": 12.65, "trend": 108.988343, "fair_value": 77.690717, "relative_strength": -1.532423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.577739, "energy": 39.162717, "activity_lines": [ 119.511279, 119.212505, 115.308966, 113.120629 ] }, { "date": "2025-06-27", "close": 120.414963, "volume": 0, "typical_volume": 10.65, "trend": 109.779928, "fair_value": 78.098791, "relative_strength": 2.689199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.532999, "energy": 33.740592, "activity_lines": [ 119.682781, 119.730395, 115.91345, 113.857831 ] }, { "date": "2025-07-04", "close": 119.722359, "volume": 0, "typical_volume": 10.65, "trend": 110.441729, "fair_value": 78.487447, "relative_strength": 2.749169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.397805, "energy": 24.323388, "activity_lines": [ 119.36616, 119.852643, 116.440425, 114.499278 ] }, { "date": "2025-07-11", "close": 124.669563, "volume": 0, "typical_volume": 10.65, "trend": 111.483472, "fair_value": 78.934776, "relative_strength": 4.408261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.361635, "energy": 33.59661, "activity_lines": [ 120.731588, 120.703217, 117.442979, 115.417203 ] }, { "date": "2025-07-18", "close": 127.440002, "volume": 0, "typical_volume": 10.65, "trend": 112.655318, "fair_value": 79.368786, "relative_strength": 6.335734, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.344978, "energy": 52.432403, "activity_lines": [ 123.264558, 121.968299, 118.664915, 116.446656 ] }, { "date": "2025-07-25", "close": 125.164284, "volume": 62, "typical_volume": 13.75, "trend": 113.705345, "fair_value": 79.76362, "relative_strength": 2.075492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.803717, "energy": 57.23407, "activity_lines": [ 124.629987, 122.71227, 119.58666, 117.253686 ] }, { "date": "2025-08-01", "close": 129.418884, "volume": 0, "typical_volume": 13.75, "trend": 114.936587, "fair_value": 80.156648, "relative_strength": 7.937636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.060565, "energy": 71.20022, "activity_lines": [ 126.60887, 124.117277, 120.849897, 118.267463 ] }, { "date": "2025-08-08", "close": 135.454468, "volume": 0, "typical_volume": 13.75, "trend": 116.227848, "fair_value": 80.578505, "relative_strength": 6.308065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.110442, "energy": 81.391645, "activity_lines": [ 129.999353, 126.385794, 122.616177, 119.591197 ] }, { "date": "2025-08-15", "close": 122.789627, "volume": 0, "typical_volume": 13.75, "trend": 117.098588, "fair_value": 80.948507, "relative_strength": -6.20421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.359428, "energy": 49.491662, "activity_lines": [ 128.119415, 126.074571, 123.057007, 120.014538 ] }, { "date": "2025-08-22", "close": 118.930801, "volume": 0, "typical_volume": 13.75, "trend": 117.330197, "fair_value": 81.328096, "relative_strength": -8.058658, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.066021, "energy": 28.633526, "activity_lines": [ 125.078531, 125.162485, 123.061983, 120.132745 ] }, { "date": "2025-08-29", "close": 116.95192, "volume": 0, "typical_volume": 4.75, "trend": 117.410486, "fair_value": 81.720086, "relative_strength": -6.254851, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.342471, "energy": 13.217672, "activity_lines": [ 121.9453, 123.933778, 122.774354, 120.10834 ] }, { "date": "2025-09-05", "close": 113.58783, "volume": 0, "typical_volume": 4.7, "trend": 117.263734, "fair_value": 82.080152, "relative_strength": -8.674874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.13478, "energy": 22.272448, "activity_lines": [ 118.238197, 122.023259, 122.084516, 119.861717 ] }, { "date": "2025-09-12", "close": 104.188141, "volume": 25, "typical_volume": 5.8, "trend": 116.715019, "fair_value": 82.430012, "relative_strength": -17.024914, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.797929, "energy": 44.737887, "activity_lines": [ 112.453268, 118.527835, 120.46134, 119.01813 ] }, { "date": "2025-09-19", "close": 106.167023, "volume": 2, "typical_volume": 5.75, "trend": 116.409548, "fair_value": 82.804664, "relative_strength": -15.000493, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.122567, "energy": 65.562119, "activity_lines": [ 109.412387, 115.674648, 119.055773, 118.337615 ] }, { "date": "2025-09-26", "close": 106.760681, "volume": 0, "typical_volume": 4.5, "trend": 116.304429, "fair_value": 83.181561, "relative_strength": -14.827033, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.423679, "energy": 67.07174, "activity_lines": [ 107.677567, 113.265808, 117.771488, 117.715107 ] }, { "date": "2025-10-03", "close": 109.630066, "volume": 0, "typical_volume": 4.5, "trend": 116.232579, "fair_value": 83.577164, "relative_strength": -14.265507, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.442839, "energy": 66.769661, "activity_lines": [ 107.710549, 111.754663, 116.830837, 117.284503 ] }, { "date": "2025-10-10", "close": 105.969124, "volume": 20, "typical_volume": 5.45, "trend": 115.953341, "fair_value": 83.968644, "relative_strength": -15.272728, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.528392, "energy": 61.206147, "activity_lines": [ 107.011341, 109.860332, 115.586025, 116.622345 ] }, { "date": "2025-10-17", "close": 102.506081, "volume": 0, "typical_volume": 5.45, "trend": 115.689987, "fair_value": 84.327629, "relative_strength": -16.150825, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.082442, "energy": 59.123225, "activity_lines": [ 105.665699, 107.762716, 114.061814, 115.754779 ] }, { "date": "2025-10-24", "close": 103.1987, "volume": 0, "typical_volume": 5.45, "trend": 115.51538, "fair_value": 84.682129, "relative_strength": -16.829316, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.314868, "energy": 66.277936, "activity_lines": [ 104.663067, 106.390092, 112.687905, 114.94889 ] }, { "date": "2025-10-31", "close": 99.339874, "volume": 2, "typical_volume": 5.55, "trend": 115.59133, "fair_value": 85.029305, "relative_strength": -21.886262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.566416, "energy": 81.342346, "activity_lines": [ 102.572048, 104.672063, 111.066164, 113.905309 ] }, { "date": "2025-11-07", "close": 92.06749, "volume": 69, "typical_volume": 9.0, "trend": 115.334586, "fair_value": 85.314636, "relative_strength": -26.262261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.401685, "energy": 92.168933, "activity_lines": [ 98.551622, 101.98798, 108.856413, 112.387642 ] }, { "date": "2025-11-14", "close": 90.385429, "volume": 80, "typical_volume": 13.0, "trend": 114.828076, "fair_value": 85.600792, "relative_strength": -28.613405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.555472, "energy": 94.765111, "activity_lines": [ 95.141347, 99.450513, 106.586588, 110.778019 ] }, { "date": "2025-11-21", "close": 88.55497, "volume": 0, "typical_volume": 13.0, "trend": 114.102968, "fair_value": 85.870221, "relative_strength": -28.62282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.291896, "energy": 94.184551, "activity_lines": [ 92.159832, 97.002096, 104.285431, 109.08298 ] }, { "date": "2025-11-28", "close": 95.67894, "volume": 0, "typical_volume": 13.0, "trend": 113.30016, "fair_value": 86.168655, "relative_strength": -25.82431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.960343, "energy": 86.81644, "activity_lines": [ 92.483048, 96.133186, 102.811164, 107.894333 ] }, { "date": "2025-12-05", "close": 91.968536, "volume": 0, "typical_volume": 13.0, "trend": 112.314578, "fair_value": 86.460903, "relative_strength": -29.195029, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.063656, "energy": 81.772166, "activity_lines": [ 92.07078, 94.78035, 101.121575, 106.518099 ] }, { "date": "2025-12-12", "close": 92.06749, "volume": 0, "typical_volume": 9.9, "trend": 111.417651, "fair_value": 86.751788, "relative_strength": -29.011052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.786111, "energy": 65.893228, "activity_lines": [ 92.182919, 93.714453, 99.610322, 105.211835 ] }, { "date": "2025-12-19", "close": 92.512733, "volume": 0, "typical_volume": 9.9, "trend": 110.616204, "fair_value": 87.048522, "relative_strength": -30.032772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.367353, "energy": 61.759662, "activity_lines": [ 92.443472, 93.04883, 98.299078, 103.992163 ] }, { "date": "2025-12-26", "close": 91.968536, "volume": 0, "typical_volume": 9.9, "trend": 109.674586, "fair_value": 87.340583, "relative_strength": -30.172412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.79454, "energy": 62.88614, "activity_lines": [ 92.380806, 92.528923, 97.111748, 102.789088 ] }, { "date": "2026-01-02", "close": 91.622231, "volume": 0, "typical_volume": 9.9, "trend": 108.450977, "fair_value": 87.613636, "relative_strength": -31.362395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.157861, "energy": 61.876233, "activity_lines": [ 91.975134, 92.137643, 96.098513, 101.62442 ] }, { "date": "2026-01-09", "close": 90.88015, "volume": 20, "typical_volume": 10.9, "trend": 107.4368, "fair_value": 87.856098, "relative_strength": -32.060722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.519092, "energy": 62.594197, "activity_lines": [ 91.592549, 91.821921, 95.16302, 100.490818 ] }, { "date": "2026-01-16", "close": 82.123604, "volume": 0, "typical_volume": 10.9, "trend": 106.404483, "fair_value": 88.064768, "relative_strength": -38.858381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.649447, "energy": 73.23431, "activity_lines": [ 88.363675, 90.067912, 93.527144, 98.857708 ] }, { "date": "2026-01-23", "close": 75.791176, "volume": 84, "typical_volume": 15.1, "trend": 104.917024, "fair_value": 88.24358, "relative_strength": -43.389882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.09065, "energy": 89.874311, "activity_lines": [ 83.686916, 87.343351, 91.454029, 96.882656 ] }, { "date": "2026-01-30", "close": 72.427078, "volume": 470, "typical_volume": 37.35, "trend": 103.340514, "fair_value": 88.355022, "relative_strength": -46.014526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.239038, "energy": 95.349127, "activity_lines": [ 79.003562, 84.272486, 89.240508, 94.786531 ] }, { "date": "2026-02-06", "close": 70.002953, "volume": 7, "typical_volume": 37.6, "trend": 101.518294, "fair_value": 88.490364, "relative_strength": -47.619857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.412577, "energy": 95.852328, "activity_lines": [ 74.814931, 81.054105, 86.947361, 92.63572 ] }, { "date": "2026-02-13", "close": 66.490433, "volume": 0, "typical_volume": 37.6, "trend": 99.486642, "fair_value": 88.600319, "relative_strength": -49.133368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.20035, "energy": 95.585701, "activity_lines": [ 70.896744, 77.66392, 84.491899, 90.375858 ] }, { "date": "2026-02-20", "close": 66.589378, "volume": 110, "typical_volume": 43.1, "trend": 97.534145, "fair_value": 88.690565, "relative_strength": -49.975015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.327034, "energy": 92.030186, "activity_lines": [ 68.637521, 74.754964, 82.237622, 88.253454 ] }, { "date": "2026-02-27", "close": 67.628288, "volume": 0, "typical_volume": 42.1, "trend": 95.474458, "fair_value": 88.785848, "relative_strength": -47.608957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.488416, "energy": 87.146622, "activity_lines": [ 67.760216, 72.498139, 80.287245, 86.324044 ] }, { "date": "2026-03-06", "close": 67.82618, "volume": 81, "typical_volume": 46.15, "trend": 93.220182, "fair_value": 88.891885, "relative_strength": -43.914277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.326288, "energy": 68.3212, "activity_lines": [ 67.493067, 70.729738, 78.538291, 84.540284 ] }, { "date": "2026-03-13", "close": 69.557701, "volume": 3, "typical_volume": 46.3, "trend": 91.445785, "fair_value": 88.997165, "relative_strength": -40.25883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.330816, "energy": 66.272329, "activity_lines": [ 68.109819, 69.715112, 77.119385, 83.013672 ] }, { "date": "2026-03-20", "close": 69.35981, "volume": 15, "typical_volume": 46.95, "trend": 89.793418, "fair_value": 89.073968, "relative_strength": -38.979504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.770615, "energy": 62.971248, "activity_lines": [ 68.69029, 69.065678, 75.841828, 81.588771 ] }, { "date": "2026-03-27", "close": 61.444283, "volume": 10, "typical_volume": 44.0, "trend": 87.943164, "fair_value": 89.072448, "relative_strength": -46.043781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.524005, "energy": 68.870706, "activity_lines": [ 66.44096, 67.368337, 73.953174, 79.759794 ] }, { "date": "2026-04-03", "close": 63.967361, "volume": 160, "typical_volume": 48.0, "trend": 86.289148, "fair_value": 89.079363, "relative_strength": -45.060613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.976936, "energy": 63.43003, "activity_lines": [ 65.375663, 66.505725, 72.450637, 78.212968 ] }, { "date": "2026-04-10", "close": 60.60326, "volume": 25, "typical_volume": 49.25, "trend": 84.836319, "fair_value": 89.065087, "relative_strength": -50.405733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.777171, "energy": 66.687132, "activity_lines": [ 63.433061, 65.246436, 70.75351, 76.555814 ] }, { "date": "2026-04-17", "close": 68.3209, "volume": 681, "typical_volume": 83.3, "trend": 83.574781, "fair_value": 89.105152, "relative_strength": -44.657126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.132536, "energy": 56.919727, "activity_lines": [ 64.544533, 65.605334, 69.9245, 75.490303 ] }, { "date": "2026-04-24", "close": 62.928444, "volume": 0, "typical_volume": 83.3, "trend": 82.113707, "fair_value": 89.06784, "relative_strength": -46.412328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.801978, "energy": 56.546475, "activity_lines": [ 63.940974, 65.014367, 68.712199, 74.158282 ] }, { "date": "2026-05-01", "close": 62.4832, "volume": 365, "typical_volume": 101.55, "trend": 80.542144, "fair_value": 89.047393, "relative_strength": -46.240497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.710957, "energy": 56.486268, "activity_lines": [ 63.617757, 64.407211, 67.59578, 72.891797 ] }, { "date": "2026-05-08", "close": 61.345341, "volume": 77, "typical_volume": 105.4, "trend": 79.054685, "fair_value": 89.007172, "relative_strength": -47.116534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.796833, "energy": 55.108938, "activity_lines": [ 62.845993, 63.667829, 66.511871, 71.653294 ] }, { "date": "2026-05-15", "close": 58.921211, "volume": 0, "typical_volume": 105.4, "trend": 77.601856, "fair_value": 88.936559, "relative_strength": -48.153532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.501118, "energy": 62.309282, "activity_lines": [ 61.440987, 62.601931, 65.345509, 70.35436 ] }, { "date": "2026-05-22", "close": 63.650002, "volume": 27, "typical_volume": 106.75, "trend": 76.283566, "fair_value": 88.889988, "relative_strength": -44.260609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.050638, "energy": 50.931213, "activity_lines": [ 61.724381, 62.557722, 64.786876, 69.454241 ] }, { "date": "2026-05-29", "close": 61.950001, "volume": 223, "typical_volume": 116.9, "trend": 75.037237, "fair_value": 88.817697, "relative_strength": -46.290622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.530269, "energy": 47.130458, "activity_lines": [ 61.752502, 62.311835, 64.199539, 68.529494 ] }, { "date": "2026-06-05", "close": 64.449997, "volume": 0, "typical_volume": 116.9, "trend": 74.116654, "fair_value": 88.780273, "relative_strength": -42.452167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.729126, "energy": 33.801735, "activity_lines": [ 62.679184, 62.655216, 63.98806, 67.846447 ] }, { "date": "2026-06-12", "close": 56.400002, "volume": 230, "typical_volume": 124.2, "trend": 72.983806, "fair_value": 88.686976, "relative_strength": -50.061424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.427398, "energy": 43.080876, "activity_lines": [ 60.791414, 61.480312, 63.094074, 66.703437 ] }, { "date": "2026-06-19", "close": 53.049999, "volume": 0, "typical_volume": 100.7, "trend": 71.800307, "fair_value": 88.594438, "relative_strength": -54.083472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.886269, "energy": 52.151307, "activity_lines": [ 58.116667, 59.833906, 61.97338, 65.417385 ] }, { "date": "2026-06-26", "close": 52.349998, "volume": 0, "typical_volume": 100.35, "trend": 70.356009, "fair_value": 88.499548, "relative_strength": -52.853254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.665466, "energy": 69.192822, "activity_lines": [ 55.599999, 58.197558, 60.87829, 64.162526 ] }, { "date": "2026-07-03", "close": 55.25, "volume": 0, "typical_volume": 100.35, "trend": 69.132058, "fair_value": 88.463945, "relative_strength": -50.412729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.185293, "energy": 73.417718, "activity_lines": [ 54.803333, 57.378864, 60.143453, 63.187945 ] }, { "date": "2026-07-10", "close": 56.5, "volume": 80, "typical_volume": 98.85, "trend": 67.946475, "fair_value": 88.417137, "relative_strength": -47.521569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.106171, "energy": 66.820809, "activity_lines": [ 54.87, 56.92705, 59.58119, 62.372973 ] }, { "date": "2026-07-17", "close": 55.75, "volume": 371, "typical_volume": 117.4, "trend": 66.721051, "fair_value": 88.367907, "relative_strength": -46.013109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.128018, "energy": 55.962046, "activity_lines": [ 55.216666, 56.447658, 58.995542, 61.586104 ] }, { "date": "2026-07-24", "close": 57.0, "volume": 70, "typical_volume": 116.85, "trend": 65.555433, "fair_value": 88.321918, "relative_strength": -44.358569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.765301, "energy": 39.720508, "activity_lines": [ 56.023333, 56.297272, 58.585506, 60.95894 ] }, { "date": "2026-07-31", "close": 58.450001, "volume": 399, "typical_volume": 136.65, "trend": 64.449692, "fair_value": 88.285851, "relative_strength": -41.545315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.99885, "energy": 25.503921, "activity_lines": [ 57.05, 56.445454, 58.365118, 60.500525 ] }, { "date": "2026-08-07", "close": 60.150002, "volume": 830, "typical_volume": 177.4, "trend": 63.425353, "fair_value": 88.269349, "relative_strength": -40.145792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.746004, "energy": 17.345481, "activity_lines": [ 58.236668, 56.997273, 58.359528, 60.223125 ] } ], "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." } } }