{ "ticker": { "uuid": "7896035f-b0d9-4423-b607-4c55780c56f5", "symbol": "5903", "name": "Taiwan FamilyMart Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 51.8, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 6.309, "architecture_energy": 15.585, "architecture_maturity": 10.852, "architecture_confidence": 65.086, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 62.22, "rotation_up": 41.38, "upward_expansion": 34.81, "deceleration": 38.17, "rotation_down": 18.43, "downward_expansion": 43.14 }, "activity_lines": [ 183.632187, 182.960173, 182.63545, 183.028913 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 185.0, "trend_reference": 183.711023, "distance_from_trend": 0.007016, "trend_direction": "Weakening", "fair_value": 177.422631, "distance_from_fair_value": 0.042708, "fair_value_direction": "Improving", "relative_strength": -29.123724, "relative_strength_direction": "Improving", "price_momentum": -0.014966, "excess_performance": -0.456338, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007016, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.003992, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.042708, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011445, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.291237, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.052095, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.014966, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.701032, "read": "Demand-led" } ], "volume": { "latest": 97658, "relative_activity": 0.703339, "balance": 1.701032, "dry_up": 1.050843, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.01274, "annualized_volatility": 0.043641, "from_high_reference": -0.042055, "from_low_reference": 0.032825 }, "levels": { "trend_reference": 183.711023, "fair_value_reference": 177.422631, "structural_low": 179.120374, "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": 11, "median_return": 0.005305, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": -0.017276, "regime_survival": 0.363636, "best_return": 0.081794, "worst_return": -0.023747, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.036298, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.01043, "regime_survival": 0.0, "best_return": 0.079156, "worst_return": -0.065637, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.03986, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.037168, "regime_survival": 0.25, "best_return": 0.150396, "worst_return": -0.033801, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.052789, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.100526, "regime_survival": 0.0, "best_return": 0.080826, "worst_return": -0.265144, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-08", "end": "2024-05-17", "tenure": "Developing", "return": 0.02122, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.01616, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-20", "tenure": "Developing", "return": 0.01626, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-01-10", "tenure": "Established", "return": -0.002645, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-14", "tenure": "New", "return": 0.005249, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-06-13", "tenure": "Established", "return": 0.065104, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": 0.007335, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-29", "tenure": "Developing", "return": -0.008939, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.022959, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-02-13", "tenure": "Established", "return": 0.023438, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.028133, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-07-31", "tenure": "Established", "return": -0.005249, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.008174, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 185.857788, "volume": 154000, "typical_volume": 143550.0, "trend": 181.654368, "fair_value": 193.171708, "relative_strength": -2.243911, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.510013, "energy": 49.004938, "activity_lines": [ 184.800861, 183.816666, 183.229173, 183.111077 ] }, { "date": "2023-08-18", "close": 183.645187, "volume": 157000, "typical_volume": 144300.0, "trend": 181.995954, "fair_value": 193.042019, "relative_strength": -2.204588, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.718241, "energy": 40.080513, "activity_lines": [ 184.636486, 183.90746, 183.234066, 183.239517 ] }, { "date": "2023-08-25", "close": 181.875122, "volume": 64000, "typical_volume": 144300.0, "trend": 182.292845, "fair_value": 192.893157, "relative_strength": -3.759669, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 26.592742, "energy": 25.163083, "activity_lines": [ 183.857027, 183.638374, 183.089028, 183.231721 ] }, { "date": "2023-09-01", "close": 181.432602, "volume": 90000, "typical_volume": 141600.0, "trend": 182.574985, "fair_value": 192.746675, "relative_strength": -4.882367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.659487, "energy": 5.579142, "activity_lines": [ 182.937163, 183.306375, 182.937098, 183.176222 ] }, { "date": "2023-09-08", "close": 179.662521, "volume": 94000, "typical_volume": 140300.0, "trend": 182.855348, "fair_value": 192.437549, "relative_strength": -5.295721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.214477, "energy": 24.047521, "activity_lines": [ 181.521103, 182.654721, 182.643729, 182.988321 ] }, { "date": "2023-09-15", "close": 179.220001, "volume": 116000, "typical_volume": 139550.0, "trend": 183.092348, "fair_value": 192.185584, "relative_strength": -7.279812, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.075098, "energy": 57.160133, "activity_lines": [ 180.429555, 181.956971, 182.327434, 182.753782 ] }, { "date": "2023-09-22", "close": 174.794815, "volume": 203000, "typical_volume": 137150.0, "trend": 183.110308, "fair_value": 191.913078, "relative_strength": -6.230216, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.070922, "energy": 79.258763, "activity_lines": [ 178.305465, 180.528265, 181.594669, 182.218458 ] }, { "date": "2023-09-29", "close": 174.352295, "volume": 124000, "typical_volume": 130100.0, "trend": 183.099212, "fair_value": 191.671647, "relative_strength": -6.317428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.775407, "energy": 83.631561, "activity_lines": [ 176.623892, 179.173181, 180.872376, 181.653424 ] }, { "date": "2023-10-06", "close": 172.58223, "volume": 172000, "typical_volume": 133150.0, "trend": 182.671444, "fair_value": 191.408435, "relative_strength": -7.950055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.986283, "energy": 87.844446, "activity_lines": [ 174.85382, 177.634983, 180.011704, 180.97491 ] }, { "date": "2023-10-13", "close": 171.254684, "volume": 171000, "typical_volume": 136250.0, "trend": 181.95621, "fair_value": 191.149756, "relative_strength": -9.829353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.137641, "energy": 90.714549, "activity_lines": [ 173.231257, 176.041919, 179.077533, 180.238344 ] }, { "date": "2023-10-20", "close": 165.501923, "volume": 402000, "typical_volume": 145400.0, "trend": 181.206592, "fair_value": 190.841157, "relative_strength": -10.758416, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.12613, "energy": 95.555557, "activity_lines": [ 170.25163, 173.6845, 177.646562, 179.176777 ] }, { "date": "2023-10-27", "close": 165.059418, "volume": 360000, "typical_volume": 159000.0, "trend": 180.45653, "fair_value": 190.521897, "relative_strength": -8.999628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.774507, "energy": 93.497389, "activity_lines": [ 168.039039, 171.616733, 176.243746, 178.135024 ] }, { "date": "2023-11-03", "close": 161.961792, "volume": 789000, "typical_volume": 188550.0, "trend": 179.545987, "fair_value": 190.201039, "relative_strength": -12.329299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.359029, "energy": 94.979414, "activity_lines": [ 165.442933, 169.323684, 174.624457, 176.941815 ] }, { "date": "2023-11-10", "close": 160.634216, "volume": 1636000, "typical_volume": 268050.0, "trend": 178.662726, "fair_value": 189.842977, "relative_strength": -13.579693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.806833, "energy": 93.98886, "activity_lines": [ 163.230335, 167.151318, 172.978153, 175.721701 ] }, { "date": "2023-11-17", "close": 162.846817, "volume": 2407000, "typical_volume": 383500.0, "trend": 177.967671, "fair_value": 189.51475, "relative_strength": -14.779419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.287823, "energy": 87.433094, "activity_lines": [ 162.551806, 165.759396, 171.642182, 174.70132 ] }, { "date": "2023-11-24", "close": 169.042068, "volume": 1894000, "typical_volume": 473150.0, "trend": 177.593579, "fair_value": 189.241888, "relative_strength": -11.75556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.604458, "energy": 64.916864, "activity_lines": [ 164.498884, 165.799623, 170.985311, 174.125475 ] }, { "date": "2023-12-01", "close": 169.042068, "volume": 656000, "typical_volume": 499400.0, "trend": 177.033499, "fair_value": 188.950765, "relative_strength": -12.341613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.761562, "energy": 49.600009, "activity_lines": [ 166.209952, 166.024903, 170.396187, 173.573764 ] }, { "date": "2023-12-08", "close": 168.157043, "volume": 342000, "typical_volume": 510350.0, "trend": 176.615598, "fair_value": 188.63571, "relative_strength": -12.346085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.628574, "energy": 35.276172, "activity_lines": [ 167.360503, 166.193865, 169.790525, 173.00109 ] }, { "date": "2023-12-15", "close": 167.714523, "volume": 497000, "typical_volume": 531000.0, "trend": 176.082801, "fair_value": 188.315208, "relative_strength": -13.708361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.680665, "energy": 29.228943, "activity_lines": [ 167.95053, 166.39501, 169.208548, 172.426827 ] }, { "date": "2023-12-22", "close": 167.272003, "volume": 388000, "typical_volume": 535800.0, "trend": 175.592479, "fair_value": 188.007522, "relative_strength": -13.162494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.185774, "energy": 26.41704, "activity_lines": [ 167.921029, 166.604201, 168.656454, 171.858388 ] }, { "date": "2023-12-29", "close": 167.272003, "volume": 204000, "typical_volume": 538300.0, "trend": 175.159385, "fair_value": 187.712879, "relative_strength": -14.351911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.263716, "energy": 29.198417, "activity_lines": [ 167.596517, 166.885804, 168.197077, 171.321583 ] }, { "date": "2024-01-05", "close": 168.157043, "volume": 248000, "typical_volume": 542850.0, "trend": 174.712871, "fair_value": 187.431735, "relative_strength": -11.430053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.288256, "energy": 28.184515, "activity_lines": [ 167.685022, 167.29614, 167.910494, 170.869819 ] }, { "date": "2024-01-12", "close": 167.714523, "volume": 217000, "typical_volume": 550500.0, "trend": 174.208687, "fair_value": 187.139928, "relative_strength": -11.215927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.644933, "energy": 26.014273, "activity_lines": [ 167.685022, 167.569697, 167.655519, 170.418313 ] }, { "date": "2024-01-19", "close": 165.944443, "volume": 353234, "typical_volume": 563661.7, "trend": 173.68842, "fair_value": 186.836775, "relative_strength": -12.630964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.231996, "energy": 32.708029, "activity_lines": [ 167.124496, 167.416827, 167.299397, 169.885136 ] }, { "date": "2024-01-26", "close": 166.386978, "volume": 245000, "typical_volume": 571211.7, "trend": 173.182904, "fair_value": 186.531241, "relative_strength": -13.562579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.31303, "energy": 31.982695, "activity_lines": [ 166.829488, 167.247867, 167.059173, 169.414075 ] }, { "date": "2024-02-02", "close": 166.386978, "volume": 145000, "typical_volume": 572661.7, "trend": 172.620162, "fair_value": 186.230925, "relative_strength": -13.58225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.084568, "energy": 34.71263, "activity_lines": [ 166.593481, 167.014542, 166.882167, 168.975628 ] }, { "date": "2024-02-09", "close": 165.944443, "volume": 74000, "typical_volume": 566211.7, "trend": 172.042668, "fair_value": 185.938206, "relative_strength": -13.701393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.931953, "energy": 40.208427, "activity_lines": [ 166.268965, 166.749029, 166.724124, 168.544937 ] }, { "date": "2024-02-16", "close": 166.386978, "volume": 97000, "typical_volume": 564861.7, "trend": 171.522846, "fair_value": 185.648324, "relative_strength": -15.515617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.172749, "energy": 38.48485, "activity_lines": [ 166.239466, 166.620299, 166.650372, 168.180053 ] }, { "date": "2024-02-23", "close": 167.272003, "volume": 302000, "typical_volume": 571361.7, "trend": 171.003911, "fair_value": 185.37194, "relative_strength": -15.969956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.336464, "energy": 34.862428, "activity_lines": [ 166.593479, 166.684664, 166.698838, 167.905806 ] }, { "date": "2024-03-01", "close": 167.272003, "volume": 364000, "typical_volume": 581011.7, "trend": 170.354884, "fair_value": 185.095557, "relative_strength": -15.815105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.644777, "energy": 23.19199, "activity_lines": [ 166.858988, 166.757076, 166.772591, 167.665037 ] }, { "date": "2024-03-08", "close": 166.829498, "volume": 294000, "typical_volume": 575611.7, "trend": 169.720607, "fair_value": 184.813729, "relative_strength": -19.122046, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.177326, "energy": 16.283207, "activity_lines": [ 166.917994, 166.749032, 166.823166, 167.437593 ] }, { "date": "2024-03-15", "close": 167.272003, "volume": 273000, "typical_volume": 571261.7, "trend": 169.174835, "fair_value": 184.532129, "relative_strength": -17.882198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.810761, "energy": 14.106714, "activity_lines": [ 167.095, 166.829489, 166.909562, 167.279619 ] }, { "date": "2024-03-22", "close": 165.501923, "volume": 295000, "typical_volume": 546561.7, "trend": 168.629061, "fair_value": 184.207878, "relative_strength": -20.406952, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.450975, "energy": 24.913148, "activity_lines": [ 166.593475, 166.604205, 166.816843, 167.042657 ] }, { "date": "2024-03-29", "close": 166.829498, "volume": 78000, "typical_volume": 468661.7, "trend": 168.142291, "fair_value": 183.910398, "relative_strength": -19.487308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.734646, "energy": 20.314283, "activity_lines": [ 166.593479, 166.660527, 166.833702, 166.926556 ] }, { "date": "2024-04-05", "close": 167.714523, "volume": 155000, "typical_volume": 356061.7, "trend": 167.744025, "fair_value": 183.608157, "relative_strength": -18.664256, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.752623, "energy": 4.73961, "activity_lines": [ 166.917992, 166.861671, 166.905348, 166.898958 ] }, { "date": "2024-04-12", "close": 168.157043, "volume": 413000, "typical_volume": 282011.7, "trend": 167.375259, "fair_value": 183.303536, "relative_strength": -19.462886, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.421428, "energy": 5.092139, "activity_lines": [ 167.36051, 167.119137, 166.995959, 166.925604 ] }, { "date": "2024-04-19", "close": 165.944443, "volume": 342000, "typical_volume": 266311.7, "trend": 167.080247, "fair_value": 182.989948, "relative_strength": -15.068731, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.261648, "energy": 9.539588, "activity_lines": [ 166.976992, 166.942128, 166.880061, 166.833293 ] }, { "date": "2024-04-26", "close": 166.829498, "volume": 126000, "typical_volume": 255511.7, "trend": 166.829487, "fair_value": 182.6716, "relative_strength": -16.608296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.244416, "energy": 7.079509, "activity_lines": [ 166.976996, 166.926038, 166.863204, 166.817116 ] }, { "date": "2024-05-03", "close": 168.157043, "volume": 172000, "typical_volume": 239261.7, "trend": 166.681981, "fair_value": 182.348718, "relative_strength": -16.225289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.18048, "energy": 31.732487, "activity_lines": [ 167.33101, 167.143274, 166.979102, 166.902765 ] }, { "date": "2024-05-10", "close": 167.714523, "volume": 170000, "typical_volume": 228361.7, "trend": 166.563975, "fair_value": 182.036043, "relative_strength": -17.400666, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.075126, "energy": 20.589154, "activity_lines": [ 167.449014, 167.263961, 167.050747, 166.96938 ] }, { "date": "2024-05-17", "close": 170.369629, "volume": 432000, "typical_volume": 239761.7, "trend": 166.726232, "fair_value": 181.742996, "relative_strength": -17.722971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.768287, "energy": 56.783195, "activity_lines": [ 168.452054, 167.859348, 167.373153, 167.214906 ] }, { "date": "2024-05-24", "close": 172.139709, "volume": 451000, "typical_volume": 249911.7, "trend": 166.962242, "fair_value": 181.458687, "relative_strength": -17.555682, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.987422, "energy": 74.027482, "activity_lines": [ 169.897614, 168.712202, 167.849387, 167.564163 ] }, { "date": "2024-05-31", "close": 167.272003, "volume": 945000, "typical_volume": 286311.7, "trend": 167.139249, "fair_value": 181.132741, "relative_strength": -17.936134, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.321328, "energy": 52.598166, "activity_lines": [ 169.307588, 168.591514, 167.843065, 167.584148 ] }, { "date": "2024-06-07", "close": 171.254684, "volume": 326000, "typical_volume": 284950.0, "trend": 167.493265, "fair_value": 180.847976, "relative_strength": -18.134956, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.742959, "energy": 62.264235, "activity_lines": [ 170.015623, 169.162768, 168.218153, 167.84966 ] }, { "date": "2024-06-14", "close": 169.042068, "volume": 276000, "typical_volume": 286500.0, "trend": 167.699773, "fair_value": 180.528159, "relative_strength": -21.027206, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.536072, "energy": 35.729273, "activity_lines": [ 169.779609, 169.251269, 168.357229, 167.949582 ] }, { "date": "2024-06-21", "close": 171.254684, "volume": 247000, "typical_volume": 291600.0, "trend": 167.773527, "fair_value": 180.240785, "relative_strength": -22.0669, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.641554, "energy": 33.571978, "activity_lines": [ 170.192631, 169.717927, 168.694387, 168.178931 ] }, { "date": "2024-06-28", "close": 169.042068, "volume": 161000, "typical_volume": 295950.0, "trend": 167.773527, "fair_value": 179.980966, "relative_strength": -21.795138, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.01543, "energy": 29.271386, "activity_lines": [ 169.80911, 169.725971, 168.797641, 168.260773 ] }, { "date": "2024-07-05", "close": 168.599548, "volume": 283000, "typical_volume": 305250.0, "trend": 167.788277, "fair_value": 179.679181, "relative_strength": -23.131101, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.638507, "energy": 18.000606, "activity_lines": [ 169.484592, 169.597236, 168.843998, 168.314065 ] }, { "date": "2024-07-12", "close": 169.927109, "volume": 238000, "typical_volume": 302050.0, "trend": 167.86203, "fair_value": 179.393732, "relative_strength": -23.137659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.239828, "energy": 20.333206, "activity_lines": [ 169.514092, 169.677693, 169.006254, 168.452054 ] }, { "date": "2024-07-19", "close": 168.599548, "volume": 228000, "typical_volume": 295250.0, "trend": 167.906281, "fair_value": 179.094556, "relative_strength": -19.690938, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.265068, "energy": 15.507325, "activity_lines": [ 169.189576, 169.484592, 169.029433, 168.499636 ] }, { "date": "2024-07-26", "close": 167.272003, "volume": 234000, "typical_volume": 292250.0, "trend": 167.906281, "fair_value": 178.786869, "relative_strength": -17.098619, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.699656, "energy": 12.029846, "activity_lines": [ 168.452047, 169.034028, 168.919857, 168.458714 ] }, { "date": "2024-08-02", "close": 169.357895, "volume": 433000, "typical_volume": 300250.0, "trend": 167.94631, "fair_value": 178.487337, "relative_strength": -13.604785, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.142741, "energy": 14.132062, "activity_lines": [ 168.675326, 169.019038, 169.00683, 168.552367 ] }, { "date": "2024-08-09", "close": 168.444916, "volume": 392000, "typical_volume": 305100.0, "trend": 167.970656, "fair_value": 178.163692, "relative_strength": -12.773561, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.063679, "energy": 9.921366, "activity_lines": [ 168.573225, 168.888629, 168.99692, 168.584535 ] }, { "date": "2024-08-16", "close": 166.618942, "volume": 271000, "typical_volume": 314750.0, "trend": 167.993139, "fair_value": 177.804569, "relative_strength": -16.446831, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.413235, "energy": 13.523356, "activity_lines": [ 167.872774, 168.4049, 168.799093, 168.497328 ] }, { "date": "2024-08-23", "close": 169.814377, "volume": 444000, "typical_volume": 329200.0, "trend": 168.107386, "fair_value": 177.482025, "relative_strength": -13.480687, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.254177, "energy": 9.187977, "activity_lines": [ 168.458013, 168.586445, 168.906596, 168.614827 ] }, { "date": "2024-08-30", "close": 170.727356, "volume": 877000, "typical_volume": 352400.0, "trend": 168.252065, "fair_value": 177.197526, "relative_strength": -12.833502, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.8106, "energy": 16.661059, "activity_lines": [ 169.266589, 168.919945, 169.09105, 168.783857 ] }, { "date": "2024-09-06", "close": 169.814377, "volume": 201000, "typical_volume": 345350.0, "trend": 168.381063, "fair_value": 176.888396, "relative_strength": -9.352728, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.207595, "energy": 21.399341, "activity_lines": [ 169.540483, 169.097036, 169.176315, 168.884651 ] }, { "date": "2024-09-13", "close": 171.183853, "volume": 198000, "typical_volume": 348950.0, "trend": 168.540959, "fair_value": 176.588044, "relative_strength": -9.441333, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.780278, "energy": 37.774261, "activity_lines": [ 170.240436, 169.509081, 169.373577, 169.065477 ] }, { "date": "2024-09-20", "close": 171.183853, "volume": 156000, "typical_volume": 348150.0, "trend": 168.671354, "fair_value": 176.29574, "relative_strength": -10.486684, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.126194, "energy": 47.861501, "activity_lines": [ 170.757793, 169.874138, 169.550104, 169.235986 ] }, { "date": "2024-09-27", "close": 172.553314, "volume": 327000, "typical_volume": 356000.0, "trend": 168.847398, "fair_value": 176.012215, "relative_strength": -11.783669, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.80769, "energy": 55.141024, "activity_lines": [ 171.42731, 170.465338, 169.842643, 169.486435 ] }, { "date": "2024-10-04", "close": 170.727356, "volume": 98000, "typical_volume": 339300.0, "trend": 168.977326, "fair_value": 175.708937, "relative_strength": -10.118835, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.418293, "energy": 47.38793, "activity_lines": [ 171.305579, 170.65266, 169.938239, 169.607723 ] }, { "date": "2024-10-11", "close": 170.727356, "volume": 87000, "typical_volume": 321100.0, "trend": 169.092505, "fair_value": 175.413708, "relative_strength": -11.922617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.223429, "energy": 33.848412, "activity_lines": [ 171.183847, 170.777156, 170.032132, 169.720628 ] }, { "date": "2024-10-18", "close": 171.640335, "volume": 204000, "typical_volume": 284050.0, "trend": 169.297118, "fair_value": 175.12433, "relative_strength": -13.114859, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.233372, "energy": 29.605527, "activity_lines": [ 171.305577, 171.04275, 170.2197, 169.885004 ] }, { "date": "2024-10-25", "close": 171.183853, "volume": 123000, "typical_volume": 273900.0, "trend": 169.442264, "fair_value": 174.821296, "relative_strength": -12.249193, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.505676, "energy": 23.922522, "activity_lines": [ 171.244713, 171.167248, 170.342993, 170.006729 ] }, { "date": "2024-11-01", "close": 171.640335, "volume": 236000, "typical_volume": 271900.0, "trend": 169.573124, "fair_value": 174.529236, "relative_strength": -9.34491, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.997818, "energy": 25.275726, "activity_lines": [ 171.336011, 171.291745, 170.510097, 170.14854 ] }, { "date": "2024-11-08", "close": 176.205246, "volume": 826000, "typical_volume": 300850.0, "trend": 169.841397, "fair_value": 174.269121, "relative_strength": -9.541794, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.122132, "energy": 51.348926, "activity_lines": [ 173.00981, 172.213027, 171.099582, 170.576419 ] }, { "date": "2024-11-15", "close": 173.922791, "volume": 374000, "typical_volume": 311500.0, "trend": 170.107342, "fair_value": 173.99974, "relative_strength": -7.137089, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.189073, "energy": 51.308243, "activity_lines": [ 173.557599, 172.619718, 171.448116, 170.839734 ] }, { "date": "2024-11-22", "close": 173.466293, "volume": 290791, "typical_volume": 311889.55, "trend": 170.328569, "fair_value": 173.730115, "relative_strength": -7.558142, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.727878, "energy": 54.780721, "activity_lines": [ 173.740193, 172.868711, 171.729933, 171.056441 ] }, { "date": "2024-11-29", "close": 173.466293, "volume": 281000, "typical_volume": 314039.55, "trend": 170.505544, "fair_value": 173.468539, "relative_strength": -4.466598, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.836477, "energy": 55.638719, "activity_lines": [ 173.801056, 173.076206, 171.988574, 171.258875 ] }, { "date": "2024-12-06", "close": 173.922791, "volume": 280000, "typical_volume": 316639.55, "trend": 170.712486, "fair_value": 173.225985, "relative_strength": -7.585369, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.045061, "energy": 38.891806, "activity_lines": [ 173.861922, 173.325201, 172.273839, 171.479342 ] }, { "date": "2024-12-13", "close": 172.096832, "volume": 175000, "typical_volume": 313689.55, "trend": 170.77006, "fair_value": 172.98514, "relative_strength": -7.427459, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.5673, "energy": 22.801047, "activity_lines": [ 173.161972, 173.217304, 172.359854, 171.568655 ] }, { "date": "2024-12-20", "close": 173.009811, "volume": 153000, "typical_volume": 299689.55, "trend": 170.799063, "fair_value": 172.747464, "relative_strength": -4.412625, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.595858, "energy": 19.829029, "activity_lines": [ 173.040242, 173.250504, 172.509843, 171.713155 ] }, { "date": "2024-12-27", "close": 169.814377, "volume": 452000, "typical_volume": 302689.55, "trend": 170.883809, "fair_value": 172.500036, "relative_strength": -8.820124, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.147159, "energy": 11.273395, "activity_lines": [ 171.914233, 172.661217, 172.338116, 171.649627 ] }, { "date": "2025-01-03", "close": 168.901398, "volume": 514000, "typical_volume": 314839.55, "trend": 170.805366, "fair_value": 172.254803, "relative_strength": -7.36044, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -20.572098, "energy": 20.409797, "activity_lines": [ 170.727359, 171.939132, 172.072917, 171.521729 ] }, { "date": "2025-01-10", "close": 172.096832, "volume": 536000, "typical_volume": 319439.55, "trend": 170.907191, "fair_value": 172.030054, "relative_strength": -5.553786, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.370345, "energy": 14.650239, "activity_lines": [ 170.909956, 171.839535, 172.101176, 171.60505 ] }, { "date": "2025-01-17", "close": 173.922791, "volume": 247000, "typical_volume": 287939.55, "trend": 170.996128, "fair_value": 171.819692, "relative_strength": -4.680102, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.251409, "energy": 15.05471, "activity_lines": [ 171.822936, 172.06363, 172.292468, 171.799604 ] }, { "date": "2025-01-24", "close": 173.009811, "volume": 71000, "typical_volume": 281439.55, "trend": 171.128386, "fair_value": 171.59543, "relative_strength": -6.268621, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.820532, "energy": 12.705141, "activity_lines": [ 172.309859, 172.163229, 172.381592, 171.929519 ] }, { "date": "2025-02-07", "close": 172.096832, "volume": 131398, "typical_volume": 278109.45, "trend": 171.244963, "fair_value": 171.38946, "relative_strength": -6.142863, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.387601, "energy": 17.633004, "activity_lines": [ 172.492456, 172.11343, 172.36855, 171.992 ] }, { "date": "2025-02-14", "close": 174.83577, "volume": 244764, "typical_volume": 282547.65, "trend": 171.408585, "fair_value": 171.211777, "relative_strength": -2.920976, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.006805, "energy": 33.946264, "activity_lines": [ 173.435868, 172.58652, 172.612011, 172.223665 ] }, { "date": "2025-02-21", "close": 175.292267, "volume": 188717, "typical_volume": 275633.5, "trend": 171.631675, "fair_value": 171.045069, "relative_strength": -4.670242, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.141355, "energy": 53.364171, "activity_lines": [ 174.135822, 173.117709, 172.881559, 172.474225 ] }, { "date": "2025-02-28", "close": 173.922791, "volume": 145463, "typical_volume": 278006.65, "trend": 171.853368, "fair_value": 170.869583, "relative_strength": -2.319233, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.471629, "energy": 48.853793, "activity_lines": [ 174.166254, 173.375004, 173.007637, 172.622039 ] }, { "date": "2025-03-07", "close": 175.292267, "volume": 163348, "typical_volume": 281824.05, "trend": 172.051181, "fair_value": 170.799452, "relative_strength": 0.798803, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.6437, "energy": 56.810297, "activity_lines": [ 174.653178, 173.848094, 173.248925, 172.843903 ] }, { "date": "2025-03-14", "close": 180.313644, "volume": 2241399, "typical_volume": 383694.0, "trend": 172.446805, "fair_value": 170.782971, "relative_strength": 6.61565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.355654, "energy": 63.278696, "activity_lines": [ 176.661731, 175.192664, 173.946702, 173.376965 ] }, { "date": "2025-03-21", "close": 181.226624, "volume": 465771, "typical_volume": 400832.55, "trend": 172.933728, "fair_value": 170.804535, "relative_strength": 6.082149, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.316177, "energy": 72.693908, "activity_lines": [ 178.426823, 176.512333, 174.690128, 173.943405 ] }, { "date": "2025-03-28", "close": 178.944183, "volume": 301945, "typical_volume": 404129.8, "trend": 173.238054, "fair_value": 170.867804, "relative_strength": 7.658067, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.736182, "energy": 69.028979, "activity_lines": [ 179.005045, 177.192919, 175.168356, 174.331177 ] }, { "date": "2025-04-04", "close": 178.487701, "volume": 225712, "typical_volume": 374115.4, "trend": 173.496733, "fair_value": 170.933513, "relative_strength": 8.876021, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.699373, "energy": 67.955994, "activity_lines": [ 179.187644, 177.66601, 175.568329, 174.669864 ] }, { "date": "2025-04-11", "close": 178.487701, "volume": 2205218, "typical_volume": 465676.3, "trend": 173.785843, "fair_value": 170.999221, "relative_strength": 18.476603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.471199, "energy": 44.189688, "activity_lines": [ 179.065917, 178.056103, 175.957434, 174.991862 ] }, { "date": "2025-04-18", "close": 188.07399, "volume": 1681999, "typical_volume": 535236.7, "trend": 174.348848, "fair_value": 171.131746, "relative_strength": 25.205051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.040871, "energy": 52.476509, "activity_lines": [ 181.92659, 180.08956, 177.23778, 175.913677 ] }, { "date": "2025-04-25", "close": 187.161011, "volume": 1028725, "typical_volume": 572622.95, "trend": 174.88142, "fair_value": 171.258418, "relative_strength": 21.325088, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.458292, "energy": 59.694478, "activity_lines": [ 183.96558, 181.666527, 178.361616, 176.740269 ] }, { "date": "2025-05-02", "close": 190.812927, "volume": 579203, "typical_volume": 587583.1, "trend": 175.490074, "fair_value": 171.405817, "relative_strength": 17.988968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.79482, "energy": 75.185979, "activity_lines": [ 186.82625, 183.683383, 179.76804, 177.768108 ] }, { "date": "2025-05-09", "close": 189.899948, "volume": 734265, "typical_volume": 615546.35, "trend": 176.12916, "fair_value": 171.552729, "relative_strength": 16.476429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.905191, "energy": 79.65331, "activity_lines": [ 188.591344, 185.252049, 181.007085, 178.697777 ] }, { "date": "2025-05-16", "close": 189.899948, "volume": 650059, "typical_volume": 640399.3, "trend": 176.768246, "fair_value": 171.713055, "relative_strength": 11.361182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.604535, "energy": 75.421582, "activity_lines": [ 189.595622, 186.530222, 182.161353, 179.586215 ] }, { "date": "2025-05-23", "close": 188.530472, "volume": 410706, "typical_volume": 638334.6, "trend": 177.331251, "fair_value": 171.9424, "relative_strength": 11.345567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.232756, "energy": 62.213317, "activity_lines": [ 189.382591, 187.293804, 183.104766, 180.345068 ] }, { "date": "2025-05-30", "close": 188.530472, "volume": 265692, "typical_volume": 625919.2, "trend": 177.909472, "fair_value": 172.161014, "relative_strength": 12.700706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.708445, "energy": 48.37731, "activity_lines": [ 189.139128, 187.90799, 183.959054, 181.067599 ] }, { "date": "2025-06-06", "close": 184.878555, "volume": 337701, "typical_volume": 616004.25, "trend": 178.350746, "fair_value": 172.34817, "relative_strength": 8.749232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.962095, "energy": 34.048767, "activity_lines": [ 187.587062, 187.725394, 184.372069, 181.517217 ] }, { "date": "2025-06-13", "close": 186.704514, "volume": 251335, "typical_volume": 616221.0, "trend": 178.700721, "fair_value": 172.528253, "relative_strength": 7.607497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.126111, "energy": 30.822917, "activity_lines": [ 187.039273, 187.766892, 184.898119, 182.05617 ] }, { "date": "2025-06-20", "close": 186.704514, "volume": 200951, "typical_volume": 622718.55, "trend": 179.126779, "fair_value": 172.70297, "relative_strength": 7.488498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.378003, "energy": 25.928229, "activity_lines": [ 186.704514, 187.658994, 185.363304, 182.572544 ] }, { "date": "2025-06-27", "close": 188.530472, "volume": 219676, "typical_volume": 627132.45, "trend": 179.628918, "fair_value": 172.894757, "relative_strength": 5.717137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.487839, "energy": 25.856141, "activity_lines": [ 187.191436, 187.733692, 185.937177, 183.179233 ] }, { "date": "2025-07-04", "close": 188.07399, "volume": 228804, "typical_volume": 626334.45, "trend": 180.115841, "fair_value": 173.097032, "relative_strength": 5.356539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.692476, "energy": 28.403334, "activity_lines": [ 187.526198, 187.717093, 186.38932, 183.724077 ] }, { "date": "2025-07-11", "close": 188.07399, "volume": 288816, "typical_volume": 631339.4, "trend": 180.587548, "fair_value": 173.288576, "relative_strength": 4.133414, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.234922, "energy": 36.000229, "activity_lines": [ 187.891391, 187.683894, 186.778424, 184.237506 ] }, { "date": "2025-07-18", "close": 188.530472, "volume": 263423, "typical_volume": 637237.4, "trend": 181.135336, "fair_value": 173.483046, "relative_strength": 1.32925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.747733, "energy": 48.229807, "activity_lines": [ 188.195717, 187.783492, 187.150137, 184.749952 ] }, { "date": "2025-07-25", "close": 188.986969, "volume": 331542, "typical_volume": 645647.1, "trend": 181.667908, "fair_value": 173.629471, "relative_strength": 1.48042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.897105, "energy": 52.284592, "activity_lines": [ 188.530477, 187.990988, 187.495765, 185.256509 ] }, { "date": "2025-08-01", "close": 190.356434, "volume": 486290, "typical_volume": 557891.65, "trend": 182.352643, "fair_value": 173.835646, "relative_strength": 1.772789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.85186, "energy": 63.331721, "activity_lines": [ 189.169562, 188.464077, 187.906606, 185.81706 ] }, { "date": "2025-08-08", "close": 192.156082, "volume": 1508366, "typical_volume": 610021.4, "trend": 183.127799, "fair_value": 174.064088, "relative_strength": 0.183318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.056918, "energy": 71.439545, "activity_lines": [ 190.286799, 189.231176, 188.441019, 186.449539 ] }, { "date": "2025-08-15", "close": 188.776459, "volume": 561840, "typical_volume": 623016.15, "trend": 183.683787, "fair_value": 174.258965, "relative_strength": -2.824838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.188431, "energy": 47.002355, "activity_lines": [ 190.005356, 189.317878, 188.601519, 186.813969 ] }, { "date": "2025-08-22", "close": 189.259262, "volume": 380796, "typical_volume": 630770.35, "trend": 184.195002, "fair_value": 174.429425, "relative_strength": -0.361635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.330906, "energy": 40.877829, "activity_lines": [ 189.838015, 189.421491, 188.761179, 187.173677 ] }, { "date": "2025-08-29", "close": 186.845245, "volume": 283999, "typical_volume": 534709.4, "trend": 184.656184, "fair_value": 174.551395, "relative_strength": -3.545602, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.899651, "energy": 22.793439, "activity_lines": [ 188.817417, 189.039742, 188.639639, 187.344661 ] }, { "date": "2025-09-05", "close": 189.259262, "volume": 275278, "typical_volume": 464373.35, "trend": 185.228265, "fair_value": 174.664077, "relative_strength": -3.356254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.135603, "energy": 17.178884, "activity_lines": [ 188.744272, 189.094347, 188.708208, 187.641633 ] }, { "date": "2025-09-12", "close": 185.39682, "volume": 668714, "typical_volume": 446372.8, "trend": 185.5803, "fair_value": 174.760254, "relative_strength": -8.829435, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.893454, "energy": 12.380349, "activity_lines": [ 187.456791, 188.433438, 188.403282, 187.652508 ] }, { "date": "2025-09-19", "close": 186.362442, "volume": 409975, "typical_volume": 437911.4, "trend": 185.949305, "fair_value": 174.85987, "relative_strength": -8.598278, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.489801, "energy": 14.565851, "activity_lines": [ 186.941802, 187.996773, 188.19872, 187.702969 ] }, { "date": "2025-09-26", "close": 184.914017, "volume": 200412, "typical_volume": 411218.75, "trend": 186.31568, "fair_value": 174.958455, "relative_strength": -9.20686, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.829533, "energy": 24.683701, "activity_lines": [ 186.104939, 187.327877, 187.877406, 187.636176 ] }, { "date": "2025-10-03", "close": 184.914017, "volume": 192415, "typical_volume": 388336.55, "trend": 186.636405, "fair_value": 175.062542, "relative_strength": -13.076168, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.462884, "energy": 34.846866, "activity_lines": [ 185.557759, 186.724735, 187.579834, 187.545746 ] }, { "date": "2025-10-10", "close": 184.431213, "volume": 98664, "typical_volume": 372734.45, "trend": 186.773657, "fair_value": 175.204804, "relative_strength": -14.835238, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.824627, "energy": 47.432354, "activity_lines": [ 184.978393, 186.107864, 187.260024, 187.403476 ] }, { "date": "2025-10-17", "close": 186.362442, "volume": 295662, "typical_volume": 374232.95, "trend": 186.944851, "fair_value": 175.356694, "relative_strength": -13.813451, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.459861, "energy": 34.1274, "activity_lines": [ 185.364639, 185.949857, 187.14366, 187.376946 ] }, { "date": "2025-10-24", "close": 186.845245, "volume": 163920, "typical_volume": 365543.9, "trend": 187.20822, "fair_value": 175.547446, "relative_strength": -14.203059, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.851849, "energy": 18.435214, "activity_lines": [ 185.847446, 185.984971, 187.083601, 187.37052 ] }, { "date": "2025-10-31", "close": 184.914017, "volume": 285365, "typical_volume": 367245.4, "trend": 187.42243, "fair_value": 175.72857, "relative_strength": -17.040573, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.791123, "energy": 28.335657, "activity_lines": [ 185.654322, 185.704065, 186.830251, 187.222506 ] }, { "date": "2025-11-07", "close": 185.39682, "volume": 190600, "typical_volume": 366727.85, "trend": 187.652734, "fair_value": 175.896281, "relative_strength": -14.901458, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.530479, "energy": 20.798409, "activity_lines": [ 185.622133, 185.589947, 186.631409, 187.091822 ] }, { "date": "2025-11-14", "close": 183.94841, "volume": 235252, "typical_volume": 367506.65, "trend": 187.515215, "fair_value": 176.057458, "relative_strength": -14.62398, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.682792, "energy": 32.370294, "activity_lines": [ 185.074954, 185.238816, 186.300849, 186.852833 ] }, { "date": "2025-11-21", "close": 183.94841, "volume": 229924, "typical_volume": 367562.65, "trend": 187.408128, "fair_value": 176.210382, "relative_strength": -11.365925, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.093367, "energy": 48.477491, "activity_lines": [ 184.559962, 184.984246, 185.992109, 186.622717 ] }, { "date": "2025-11-28", "close": 185.39682, "volume": 122605, "typical_volume": 359252.1, "trend": 187.227591, "fair_value": 176.378092, "relative_strength": -14.339932, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.33068, "energy": 40.755394, "activity_lines": [ 184.688708, 185.019358, 185.840959, 186.492955 ] }, { "date": "2025-12-05", "close": 185.39682, "volume": 147706, "typical_volume": 353466.25, "trend": 187.077487, "fair_value": 176.537549, "relative_strength": -15.182146, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.66826, "energy": 33.509987, "activity_lines": [ 184.914017, 185.072027, 185.702557, 186.374841 ] }, { "date": "2025-12-12", "close": 185.39682, "volume": 173585, "typical_volume": 345568.4, "trend": 186.927383, "fair_value": 176.68325, "relative_strength": -15.643368, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.815972, "energy": 25.318441, "activity_lines": [ 185.107138, 185.115918, 185.579076, 186.266411 ] }, { "date": "2025-12-19", "close": 184.914017, "volume": 254601, "typical_volume": 333983.95, "trend": 186.806834, "fair_value": 176.784586, "relative_strength": -14.169776, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.88248, "energy": 18.33786, "activity_lines": [ 185.139325, 185.063248, 185.426711, 186.136516 ] }, { "date": "2025-12-26", "close": 184.431213, "volume": 86683, "typical_volume": 262899.8, "trend": 186.670192, "fair_value": 176.838806, "relative_strength": -16.718341, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.496046, "energy": 21.940885, "activity_lines": [ 184.946204, 184.914017, 185.254281, 185.98325 ] }, { "date": "2026-01-02", "close": 184.431213, "volume": 188706, "typical_volume": 244243.1, "trend": 186.655281, "fair_value": 176.906783, "relative_strength": -18.766933, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.856373, "energy": 27.211615, "activity_lines": [ 184.720895, 184.799899, 185.118635, 185.8388 ] }, { "date": "2026-01-09", "close": 184.431213, "volume": 416673, "typical_volume": 246036.95, "trend": 186.579504, "fair_value": 176.961003, "relative_strength": -21.033636, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.151461, "energy": 29.439549, "activity_lines": [ 184.559961, 184.729673, 185.003682, 185.695312 ] }, { "date": "2026-01-16", "close": 183.94841, "volume": 300880, "typical_volume": 246881.0, "trend": 186.487634, "fair_value": 177.01488, "relative_strength": -23.739691, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.972059, "energy": 42.864832, "activity_lines": [ 184.302466, 184.580443, 184.865738, 185.525564 ] }, { "date": "2026-01-23", "close": 183.94841, "volume": 189773, "typical_volume": 242605.75, "trend": 186.334898, "fair_value": 177.082514, "relative_strength": -24.727303, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.154293, "energy": 41.49717, "activity_lines": [ 184.141531, 184.457548, 184.741588, 185.361743 ] }, { "date": "2026-01-30", "close": 183.465607, "volume": 242072, "typical_volume": 221273.65, "trend": 186.181286, "fair_value": 177.149804, "relative_strength": -24.855759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.569617, "energy": 46.560824, "activity_lines": [ 183.884036, 184.24687, 184.596747, 185.176627 ] }, { "date": "2026-02-06", "close": 187.810852, "volume": 345930, "typical_volume": 218071.4, "trend": 186.172514, "fair_value": 177.244947, "relative_strength": -22.116853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.449999, "energy": 5.88728, "activity_lines": [ 185.13933, 184.835015, 184.874935, 185.281761 ] }, { "date": "2026-02-13", "close": 189.742065, "volume": 338662, "typical_volume": 224983.9, "trend": 186.212901, "fair_value": 177.363476, "relative_strength": -25.22274, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.450099, "energy": 39.216773, "activity_lines": [ 186.813052, 185.730398, 185.33015, 185.512054 ] }, { "date": "2026-02-27", "close": 188.776459, "volume": 214513, "typical_volume": 226088.8, "trend": 186.205884, "fair_value": 177.470312, "relative_strength": -29.031366, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.794263, "energy": 54.827296, "activity_lines": [ 187.810849, 186.371212, 185.670413, 185.677445 ] }, { "date": "2026-03-06", "close": 187.810852, "volume": 269064, "typical_volume": 234608.8, "trend": 186.121031, "fair_value": 177.557202, "relative_strength": -25.206141, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.619411, "energy": 58.576146, "activity_lines": [ 188.164907, 186.775014, 185.900321, 185.780991 ] }, { "date": "2026-03-13", "close": 184.431213, "volume": 220955, "typical_volume": 230873.45, "trend": 185.863536, "fair_value": 177.619677, "relative_strength": -25.685101, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.605661, "energy": 40.887279, "activity_lines": [ 187.134922, 186.511665, 185.792264, 185.671971 ] }, { "date": "2026-03-20", "close": 183.94841, "volume": 168931, "typical_volume": 231124.0, "trend": 185.702601, "fair_value": 177.610274, "relative_strength": -25.672808, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -12.032929, "energy": 7.392438, "activity_lines": [ 185.879629, 186.160534, 185.647423, 185.548414 ] }, { "date": "2026-03-27", "close": 182.982803, "volume": 196289, "typical_volume": 226670.2, "trend": 185.493385, "fair_value": 177.547909, "relative_strength": -24.582177, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -27.486798, "energy": 28.873159, "activity_lines": [ 184.559964, 185.642617, 185.424413, 185.372944 ] }, { "date": "2026-04-03", "close": 183.465607, "volume": 79119, "typical_volume": 221096.15, "trend": 185.380731, "fair_value": 177.518904, "relative_strength": -22.590657, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -50.43077, "energy": 42.827466, "activity_lines": [ 183.85185, 185.238817, 185.256581, 185.242119 ] }, { "date": "2026-04-10", "close": 183.94841, "volume": 63165, "typical_volume": 212491.8, "trend": 185.203702, "fair_value": 177.495744, "relative_strength": -28.015956, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.903482, "energy": 46.08339, "activity_lines": [ 183.658728, 184.931577, 185.143927, 185.149711 ] }, { "date": "2026-04-17", "close": 184.431213, "volume": 101570, "typical_volume": 206074.1, "trend": 185.171515, "fair_value": 177.464675, "relative_strength": -29.773162, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.341838, "energy": 48.730922, "activity_lines": [ 183.884036, 184.71212, 185.077254, 185.099873 ] }, { "date": "2026-04-24", "close": 183.465607, "volume": 175506, "typical_volume": 208719.15, "trend": 185.074954, "fair_value": 177.441172, "relative_strength": -33.060118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.653801, "energy": 35.94146, "activity_lines": [ 183.787476, 184.299541, 184.916319, 184.989815 ] }, { "date": "2026-05-01", "close": 182.982803, "volume": 76237, "typical_volume": 205145.7, "trend": 185.01058, "fair_value": 177.436584, "relative_strength": -32.354681, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.332013, "energy": 35.501337, "activity_lines": [ 183.562167, 183.878185, 184.718599, 184.854837 ] }, { "date": "2026-05-08", "close": 182.982803, "volume": 146660, "typical_volume": 203799.45, "trend": 184.946207, "fair_value": 177.454007, "relative_strength": -35.859186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.098229, "energy": 35.065271, "activity_lines": [ 183.336859, 183.579724, 184.532375, 184.724013 ] }, { "date": "2026-05-15", "close": 182.982803, "volume": 153948, "typical_volume": 198766.8, "trend": 184.897926, "fair_value": 177.435663, "relative_strength": -34.333197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.340969, "energy": 46.015612, "activity_lines": [ 183.143738, 183.386602, 184.357646, 184.597342 ] }, { "date": "2026-05-22", "close": 181.534393, "volume": 190576, "typical_volume": 203961.45, "trend": 184.736991, "fair_value": 177.44105, "relative_strength": -35.738445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.326293, "energy": 62.872399, "activity_lines": [ 182.532187, 183.017916, 184.054169, 184.38034 ] }, { "date": "2026-05-29", "close": 180.568787, "volume": 198233, "typical_volume": 204437.8, "trend": 184.527776, "fair_value": 177.420988, "relative_strength": -38.779755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.538987, "energy": 73.020026, "activity_lines": [ 181.791888, 182.526335, 183.672524, 184.111423 ] }, { "date": "2026-06-05", "close": 182.5, "volume": 279930, "typical_volume": 197600.65, "trend": 184.447309, "fair_value": 177.424311, "relative_strength": -37.720313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.671964, "energy": 60.162772, "activity_lines": [ 181.888449, 182.44733, 183.493197, 183.980599 ] }, { "date": "2026-06-12", "close": 182.5, "volume": 124595, "typical_volume": 188786.4, "trend": 184.350748, "fair_value": 177.438638, "relative_strength": -35.609953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.920551, "energy": 54.631149, "activity_lines": [ 182.017197, 182.377105, 183.323066, 183.854966 ] }, { "date": "2026-06-19", "close": 181.534393, "volume": 101341, "typical_volume": 184364.8, "trend": 184.270281, "fair_value": 177.438523, "relative_strength": -38.273762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.855929, "energy": 42.689933, "activity_lines": [ 181.856262, 182.14887, 183.06787, 183.673266 ] }, { "date": "2026-06-26", "close": 181.534393, "volume": 127812, "typical_volume": 178651.8, "trend": 184.189814, "fair_value": 177.430153, "relative_strength": -34.780465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.889611, "energy": 37.161547, "activity_lines": [ 181.791888, 181.964527, 182.824169, 183.496757 ] }, { "date": "2026-07-03", "close": 182.017197, "volume": 116628, "typical_volume": 167186.7, "trend": 184.07716, "fair_value": 177.433132, "relative_strength": -36.827339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.690261, "energy": 33.202397, "activity_lines": [ 181.888449, 181.920636, 182.635645, 183.356588 ] }, { "date": "2026-07-10", "close": 182.5, "volume": 108285, "typical_volume": 155667.85, "trend": 183.980599, "fair_value": 177.439206, "relative_strength": -33.775541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.324648, "energy": 26.747917, "activity_lines": [ 182.049384, 181.990862, 182.520692, 183.254836 ] }, { "date": "2026-07-17", "close": 181.534393, "volume": 149742, "typical_volume": 152429.3, "trend": 183.851851, "fair_value": 177.428085, "relative_strength": -29.082926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.204238, "energy": 30.256375, "activity_lines": [ 181.888449, 181.894301, 182.348262, 183.097016 ] }, { "date": "2026-07-24", "close": 182.5, "volume": 91574, "typical_volume": 143554.8, "trend": 183.771384, "fair_value": 177.423154, "relative_strength": -29.433813, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.406561, "energy": 20.073059, "activity_lines": [ 182.113757, 181.99964, 182.30228, 183.0098 ] }, { "date": "2026-07-31", "close": 182.982803, "volume": 159690, "typical_volume": 140491.55, "trend": 183.723104, "fair_value": 177.429572, "relative_strength": -27.463766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.61945, "energy": 14.356929, "activity_lines": [ 182.435626, 182.20154, 182.32757, 182.958924 ] }, { "date": "2026-08-07", "close": 183.5, "volume": 234712, "typical_volume": 143780.6, "trend": 183.692063, "fair_value": 177.433802, "relative_strength": -28.139444, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.347188, "energy": 8.374417, "activity_lines": [ 182.833333, 182.47114, 182.409014, 182.94453 ] }, { "date": "2026-08-14", "close": 185.0, "volume": 97658, "typical_volume": 138849.05, "trend": 183.711023, "fair_value": 177.422631, "relative_strength": -29.123724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.308761, "energy": 15.584772, "activity_lines": [ 183.632187, 182.960173, 182.63545, 183.028913 ] } ], "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." } } }