{ "ticker": { "uuid": "7f4574cb-e15f-420c-a8f4-84575f96dc0c", "symbol": "BAKKA", "name": "P/F Bakkafrost", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "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": 49.272, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 27.692, "architecture_energy": 30.383, "architecture_maturity": 79.348, "architecture_confidence": 77.217, "architecture_tenure": "Established", "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": 36.35, "rotation_up": 65.45, "upward_expansion": 42.36, "deceleration": 38.18, "rotation_down": 19.71, "downward_expansion": 19.7 }, "activity_lines": [ 450.479995, 438.665452, 437.512326, 439.708556 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 463.399994, "trend_reference": 444.051398, "distance_from_trend": 0.043573, "trend_direction": "Weakening", "fair_value": 514.277684, "distance_from_fair_value": -0.09893, "fair_value_direction": "Improving", "relative_strength": -9.510743, "relative_strength_direction": "Improving", "price_momentum": -0.025524, "excess_performance": -0.150518, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043573, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.037359, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.09893, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.120505, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095107, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.121089, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.025524, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.369996, "read": "Demand-led" } ], "volume": { "latest": 345705, "relative_activity": 0.972548, "balance": 2.369996, "dry_up": 0.876721, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.050397, "annualized_volatility": 0.310119, "from_high_reference": -0.109263, "from_low_reference": 0.147598 }, "levels": { "trend_reference": 444.051398, "fair_value_reference": 514.277684, "structural_low": 403.799988, "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": 26, "median_return": 0.022212, "positive_rate": 0.615385, "directional_follow_through": 0.346154, "median_excess_return": 0.017665, "regime_survival": 0.807692, "best_return": 0.180684, "worst_return": -0.162278, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.076097, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.031873, "regime_survival": 0.444444, "best_return": 0.42329, "worst_return": -0.147659, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.112903, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.074538, "regime_survival": 0.0, "best_return": 0.567699, "worst_return": -0.082799, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.048003, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.102006, "regime_survival": 0.5, "best_return": 0.268427, "worst_return": -0.151474, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": 0.02957, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-10-04", "tenure": "Developing", "return": 0.052991, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-11", "end": "2024-11-01", "tenure": "New", "return": 0.01072, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2024-12-27", "tenure": "Developing", "return": -0.029908, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.110329, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.058304, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-09-12", "tenure": "Established", "return": -0.11294, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": -0.010815, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": -0.056156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": 0.120912, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-01-23", "tenure": "Developing", "return": -0.135156, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": -0.038346, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.007586, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-08-07", "tenure": "Established", "return": 0.072146, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 537.286743, "volume": 219934, "typical_volume": 307923.75, "trend": 618.77935, "fair_value": 584.030406, "relative_strength": -7.963819, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.667628, "energy": 82.734323, "activity_lines": [ 549.656588, 568.061165, 608.600421, 617.997191 ] }, { "date": "2023-08-25", "close": 493.850525, "volume": 694090, "typical_volume": 335888.6, "trend": 616.211749, "fair_value": 584.003551, "relative_strength": -14.951993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.818223, "energy": 88.779072, "activity_lines": [ 529.449316, 551.047228, 595.430409, 609.937267 ] }, { "date": "2023-09-01", "close": 502.821014, "volume": 319880, "typical_volume": 335571.45, "trend": 614.205317, "fair_value": 584.010896, "relative_strength": -15.610565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.046495, "energy": 86.879125, "activity_lines": [ 517.20534, 538.754611, 583.565242, 602.621735 ] }, { "date": "2023-09-08", "close": 504.237427, "volume": 339157, "typical_volume": 341511.65, "trend": 612.030211, "fair_value": 583.872936, "relative_strength": -15.359775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.245477, "energy": 85.93499, "activity_lines": [ 509.556791, 529.183197, 572.502719, 595.527033 ] }, { "date": "2023-09-15", "close": 528.316162, "volume": 532590, "typical_volume": 350345.65, "trend": 610.827357, "fair_value": 583.828155, "relative_strength": -13.631336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.426336, "energy": 72.313696, "activity_lines": [ 512.798757, 525.843927, 564.530995, 590.126126 ] }, { "date": "2023-09-22", "close": 530.676819, "volume": 375618, "typical_volume": 355465.6, "trend": 608.639153, "fair_value": 583.964542, "relative_strength": -13.08285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.692004, "energy": 54.877484, "activity_lines": [ 518.590238, 524.058402, 557.68732, 584.955124 ] }, { "date": "2023-09-29", "close": 516.985046, "volume": 311904, "typical_volume": 355291.9, "trend": 605.331463, "fair_value": 583.654873, "relative_strength": -14.886782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.939541, "energy": 50.08868, "activity_lines": [ 520.258457, 521.105435, 550.220886, 579.041956 ] }, { "date": "2023-10-06", "close": 480.630829, "volume": 407605, "typical_volume": 367222.75, "trend": 601.413377, "fair_value": 582.940301, "relative_strength": -18.395359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.846646, "energy": 55.390745, "activity_lines": [ 508.266302, 512.478292, 540.1847, 570.996753 ] }, { "date": "2023-10-13", "close": 484.880035, "volume": 404505, "typical_volume": 369573.35, "trend": 597.544408, "fair_value": 582.448134, "relative_strength": -21.336176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.249317, "energy": 54.908321, "activity_lines": [ 499.169895, 506.151723, 531.632361, 563.478473 ] }, { "date": "2023-10-20", "close": 444.559875, "volume": 386617, "typical_volume": 378596.15, "trend": 591.915073, "fair_value": 581.834411, "relative_strength": -25.519466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.153818, "energy": 82.289921, "activity_lines": [ 477.923928, 493.627332, 520.267457, 553.608503 ] }, { "date": "2023-10-27", "close": 459.479279, "volume": 377406, "typical_volume": 384092.1, "trend": 586.305003, "fair_value": 581.610532, "relative_strength": -22.377462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.634954, "energy": 81.879824, "activity_lines": [ 467.234847, 485.81912, 511.560885, 545.064259 ] }, { "date": "2023-11-03", "close": 492.434143, "volume": 461652, "typical_volume": 388639.9, "trend": 583.104199, "fair_value": 581.353216, "relative_strength": -18.218637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.548197, "energy": 59.712823, "activity_lines": [ 472.277224, 485.417382, 506.93219, 539.008074 ] }, { "date": "2023-11-10", "close": 491.489838, "volume": 552761, "typical_volume": 406589.1, "trend": 578.052261, "fair_value": 581.095672, "relative_strength": -18.268877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.366198, "energy": 48.687429, "activity_lines": [ 478.641559, 484.869705, 503.029676, 533.09747 ] }, { "date": "2023-11-17", "close": 486.768524, "volume": 247833, "typical_volume": 402239.8, "trend": 571.886859, "fair_value": 580.912728, "relative_strength": -19.835144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.884589, "energy": 38.190619, "activity_lines": [ 482.708189, 483.669628, 499.376719, 527.208197 ] }, { "date": "2023-11-24", "close": 495.739044, "volume": 170312, "typical_volume": 399703.2, "trend": 564.478388, "fair_value": 580.627077, "relative_strength": -19.435744, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.622831, "energy": 26.747778, "activity_lines": [ 489.639093, 484.418172, 497.146904, 522.295435 ] }, { "date": "2023-12-01", "close": 495.739044, "volume": 246815, "typical_volume": 393213.05, "trend": 558.545258, "fair_value": 580.536592, "relative_strength": -18.642967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.025792, "energy": 23.027965, "activity_lines": [ 493.158052, 485.759026, 495.366739, 517.860638 ] }, { "date": "2023-12-08", "close": 499.043976, "volume": 183793, "typical_volume": 354040.8, "trend": 551.699338, "fair_value": 580.545941, "relative_strength": -17.232408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.514178, "energy": 19.486482, "activity_lines": [ 495.361338, 488.33601, 494.41393, 514.021846 ] }, { "date": "2023-12-15", "close": 500.460388, "volume": 410290, "typical_volume": 359770.65, "trend": 544.806202, "fair_value": 580.459505, "relative_strength": -16.89649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.734148, "energy": 15.627885, "activity_lines": [ 497.596106, 491.496725, 493.926511, 510.716107 ] }, { "date": "2023-12-22", "close": 478.270172, "volume": 318747, "typical_volume": 364478.95, "trend": 537.393723, "fair_value": 580.131784, "relative_strength": -20.173894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.929449, "energy": 21.678174, "activity_lines": [ 491.836098, 490.262317, 491.6315, 506.42346 ] }, { "date": "2023-12-29", "close": 502.348907, "volume": 124678, "typical_volume": 354309.35, "trend": 530.657968, "fair_value": 579.783639, "relative_strength": -16.543801, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.203342, "energy": 12.57591, "activity_lines": [ 494.668892, 493.52604, 491.957946, 504.162504 ] }, { "date": "2024-01-05", "close": 521.234192, "volume": 286237, "typical_volume": 357624.5, "trend": 526.141234, "fair_value": 579.396343, "relative_strength": -13.939102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.597108, "energy": 5.616768, "activity_lines": [ 503.356124, 499.172742, 494.332546, 503.554519 ] }, { "date": "2024-01-12", "close": 538.230957, "volume": 674675, "typical_volume": 356653.75, "trend": 521.954992, "fair_value": 579.429683, "relative_strength": -9.643966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.671257, "energy": 14.031678, "activity_lines": [ 516.009267, 506.786948, 498.402327, 504.334501 ] }, { "date": "2024-01-19", "close": 543.424438, "volume": 395549, "typical_volume": 360437.2, "trend": 518.791704, "fair_value": 579.376885, "relative_strength": -7.107002, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.35888, "energy": 43.816886, "activity_lines": [ 527.781105, 514.512755, 502.755389, 505.719626 ] }, { "date": "2024-01-26", "close": 553.339233, "volume": 393813, "typical_volume": 363170.0, "trend": 517.029078, "fair_value": 579.396381, "relative_strength": -6.356355, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.062076, "energy": 56.521485, "activity_lines": [ 539.993605, 523.096985, 507.859368, 507.948499 ] }, { "date": "2024-02-02", "close": 561.837646, "volume": 228019, "typical_volume": 347941.45, "trend": 516.084815, "fair_value": 579.339274, "relative_strength": -3.192299, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.654097, "energy": 67.687563, "activity_lines": [ 550.034305, 532.016005, 513.538901, 510.839374 ] }, { "date": "2024-02-09", "close": 559.004761, "volume": 308052, "typical_volume": 344563.15, "trend": 514.605466, "fair_value": 579.223226, "relative_strength": -1.219214, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.863519, "energy": 68.484892, "activity_lines": [ 555.164795, 539.218163, 518.78901, 513.608403 ] }, { "date": "2024-02-16", "close": 567.031067, "volume": 360909, "typical_volume": 347013.4, "trend": 514.558251, "fair_value": 579.059589, "relative_strength": -1.62275, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.27007, "energy": 78.374178, "activity_lines": [ 560.452681, 546.729363, 524.668634, 516.9907 ] }, { "date": "2024-02-23", "close": 615.660706, "volume": 546478, "typical_volume": 353957.05, "trend": 516.257929, "fair_value": 579.417411, "relative_strength": 7.07726, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.680036, "energy": 86.039713, "activity_lines": [ 580.03044, 561.846186, 534.941338, 523.513439 ] }, { "date": "2024-03-01", "close": 626.991882, "volume": 352932, "typical_volume": 351378.4, "trend": 518.91761, "fair_value": 579.547838, "relative_strength": 7.816876, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.005839, "energy": 90.787545, "activity_lines": [ 598.569507, 576.928673, 545.650201, 530.657565 ] }, { "date": "2024-03-08", "close": 635.490295, "volume": 309899, "typical_volume": 347542.5, "trend": 521.608766, "fair_value": 579.808478, "relative_strength": 8.898091, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.325746, "energy": 91.623089, "activity_lines": [ 615.031201, 590.852294, 556.491715, 538.178384 ] }, { "date": "2024-03-15", "close": 613.772156, "volume": 349585, "typical_volume": 346151.45, "trend": 524.158279, "fair_value": 579.982331, "relative_strength": 4.2537, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.659887, "energy": 86.064789, "activity_lines": [ 619.343339, 598.40641, 564.355642, 544.124409 ] }, { "date": "2024-03-22", "close": 653.431335, "volume": 312263, "typical_volume": 338682.0, "trend": 529.47764, "fair_value": 580.442453, "relative_strength": 8.97555, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.217444, "energy": 89.262857, "activity_lines": [ 633.224044, 611.488777, 575.261905, 552.464606 ] }, { "date": "2024-03-29", "close": 658.152649, "volume": 107856, "typical_volume": 316436.75, "trend": 534.655361, "fair_value": 580.71437, "relative_strength": 9.17459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.327581, "energy": 83.723092, "activity_lines": [ 642.918502, 623.335013, 585.851164, 560.766219 ] }, { "date": "2024-04-05", "close": 643.988647, "volume": 423218, "typical_volume": 325206.0, "trend": 539.313735, "fair_value": 580.979966, "relative_strength": 5.049934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.099119, "energy": 63.871448, "activity_lines": [ 645.05883, 630.520008, 594.297838, 567.81998 ] }, { "date": "2024-04-12", "close": 623.214844, "volume": 239525, "typical_volume": 328666.65, "trend": 542.477024, "fair_value": 581.197157, "relative_strength": 0.145574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.063525, "energy": 59.966109, "activity_lines": [ 639.141439, 632.279777, 600.017388, 573.232955 ] }, { "date": "2024-04-19", "close": 606.690186, "volume": 255151, "typical_volume": 329083.45, "trend": 545.010803, "fair_value": 581.300203, "relative_strength": 0.469424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.011904, "energy": 45.03744, "activity_lines": [ 628.534192, 629.919114, 603.556133, 577.375739 ] }, { "date": "2024-04-26", "close": 625.103333, "volume": 209761, "typical_volume": 330381.85, "trend": 548.614746, "fair_value": 581.429713, "relative_strength": 2.203864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.07372, "energy": 35.851784, "activity_lines": [ 624.536792, 630.039288, 608.320172, 582.542999 ] }, { "date": "2024-05-03", "close": 622.544922, "volume": 283522, "typical_volume": 324043.45, "trend": 553.345216, "fair_value": 581.147202, "relative_strength": 1.847775, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.171907, "energy": 27.663223, "activity_lines": [ 621.575122, 628.638437, 612.24027, 587.312688 ] }, { "date": "2024-05-10", "close": 600.379944, "volume": 474341, "typical_volume": 331823.15, "trend": 557.195213, "fair_value": 580.973833, "relative_strength": -4.412578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.337398, "energy": 21.469375, "activity_lines": [ 613.598975, 623.082422, 613.468063, 590.347187 ] }, { "date": "2024-05-17", "close": 594.597778, "volume": 513565, "typical_volume": 351267.5, "trend": 562.196476, "fair_value": 580.41591, "relative_strength": -4.526123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.438822, "energy": 19.096909, "activity_lines": [ 606.602686, 616.958958, 613.563699, 592.760255 ] }, { "date": "2024-05-24", "close": 581.106079, "volume": 321853, "typical_volume": 353048.3, "trend": 566.250703, "fair_value": 579.766805, "relative_strength": -6.466021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.784559, "energy": 14.420437, "activity_lines": [ 597.016968, 609.125958, 611.93513, 593.98023 ] }, { "date": "2024-05-31", "close": 556.05011, "volume": 605481, "typical_volume": 349588.6, "trend": 568.371235, "fair_value": 578.843212, "relative_strength": -10.819113, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.315574, "energy": 28.13143, "activity_lines": [ 580.784867, 597.331256, 607.635175, 593.322127 ] }, { "date": "2024-06-07", "close": 544.003967, "volume": 284615, "typical_volume": 344041.9, "trend": 570.121706, "fair_value": 577.975057, "relative_strength": -11.09707, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.928952, "energy": 51.142547, "activity_lines": [ 565.140934, 585.116913, 602.103115, 591.750045 ] }, { "date": "2024-06-14", "close": 558.941223, "volume": 379962, "typical_volume": 343349.35, "trend": 572.527463, "fair_value": 577.248437, "relative_strength": -6.022795, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.211289, "energy": 55.322444, "activity_lines": [ 559.71215, 577.693866, 597.99089, 591.028724 ] }, { "date": "2024-06-21", "close": 545.931396, "volume": 331952, "typical_volume": 348546.0, "trend": 574.200541, "fair_value": 576.498293, "relative_strength": -8.613387, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.328359, "energy": 63.360423, "activity_lines": [ 552.709338, 569.451713, 592.612959, 589.312848 ] }, { "date": "2024-06-28", "close": 522.320923, "volume": 344525, "typical_volume": 350369.65, "trend": 575.086604, "fair_value": 575.566276, "relative_strength": -12.989973, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.213083, "energy": 68.955975, "activity_lines": [ 541.080794, 558.3219, 585.062155, 585.965776 ] }, { "date": "2024-07-05", "close": 526.175659, "volume": 281894, "typical_volume": 346418.9, "trend": 575.990993, "fair_value": 574.586184, "relative_strength": -11.641082, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.974924, "energy": 67.910392, "activity_lines": [ 534.656173, 549.426935, 578.053154, 582.810231 ] }, { "date": "2024-07-12", "close": 525.693848, "volume": 160188, "typical_volume": 327104.4, "trend": 576.832109, "fair_value": 573.463304, "relative_strength": -12.135548, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.037923, "energy": 68.962919, "activity_lines": [ 530.062577, 542.243053, 571.192815, 579.565254 ] }, { "date": "2024-07-19", "close": 533.885254, "volume": 187227, "typical_volume": 318819.15, "trend": 578.685945, "fair_value": 572.331887, "relative_strength": -10.920272, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.479956, "energy": 72.624427, "activity_lines": [ 529.420125, 538.309446, 565.541024, 576.794489 ] }, { "date": "2024-07-26", "close": 537.73999, "volume": 239484, "typical_volume": 315298.4, "trend": 579.865647, "fair_value": 571.374272, "relative_strength": -9.37444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.397376, "energy": 60.373339, "activity_lines": [ 531.732983, 536.285694, 560.699716, 574.152815 ] }, { "date": "2024-08-02", "close": 530.512329, "volume": 397838, "typical_volume": 317711.05, "trend": 580.174919, "fair_value": 570.289323, "relative_strength": -8.720181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.015588, "energy": 48.275038, "activity_lines": [ 532.182715, 533.981601, 555.635537, 570.96873 ] }, { "date": "2024-08-09", "close": 562.795959, "volume": 293450, "typical_volume": 316770.4, "trend": 580.993752, "fair_value": 569.515801, "relative_strength": -3.253882, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.665495, "energy": 29.607603, "activity_lines": [ 542.847562, 538.467144, 554.042464, 569.847507 ] }, { "date": "2024-08-16", "close": 560.868652, "volume": 297055, "typical_volume": 326230.35, "trend": 581.575226, "fair_value": 568.778058, "relative_strength": -5.383038, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.024004, "energy": 22.016491, "activity_lines": [ 550.428621, 542.479616, 552.697436, 568.549113 ] }, { "date": "2024-08-23", "close": 561.832275, "volume": 376570, "typical_volume": 323897.95, "trend": 581.858327, "fair_value": 567.836354, "relative_strength": -4.628324, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.075386, "energy": 22.198065, "activity_lines": [ 555.985901, 546.360662, 551.907438, 567.275374 ] }, { "date": "2024-08-30", "close": 553.64093, "volume": 643842, "typical_volume": 344113.8, "trend": 581.585103, "fair_value": 566.934884, "relative_strength": -6.287312, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.023274, "energy": 22.387005, "activity_lines": [ 556.949597, 548.699808, 550.728533, 565.454897 ] }, { "date": "2024-09-06", "close": 563.759644, "volume": 290293, "typical_volume": 345870.9, "trend": 581.743599, "fair_value": 566.259109, "relative_strength": -0.930802, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.215956, "energy": 15.892803, "activity_lines": [ 560.226135, 552.738546, 550.844619, 564.304868 ] }, { "date": "2024-09-13", "close": 565.687073, "volume": 202086, "typical_volume": 345487.15, "trend": 581.6988, "fair_value": 565.494729, "relative_strength": -2.089508, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.224935, "energy": 12.319428, "activity_lines": [ 561.928662, 556.374295, 551.348701, 563.268963 ] }, { "date": "2024-09-20", "close": 570.987366, "volume": 411057, "typical_volume": 351863.9, "trend": 580.209688, "fair_value": 564.75376, "relative_strength": -1.161373, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.018766, "energy": 10.521972, "activity_lines": [ 565.205213, 560.255344, 552.640508, 562.577902 ] }, { "date": "2024-09-27", "close": 578.696899, "volume": 349286, "typical_volume": 345611.15, "trend": 578.599855, "fair_value": 564.266479, "relative_strength": 0.157783, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.390902, "energy": 13.755603, "activity_lines": [ 570.377026, 564.714608, 554.912067, 562.480303 ] }, { "date": "2024-10-04", "close": 593.634094, "volume": 414887, "typical_volume": 340677.25, "trend": 577.204649, "fair_value": 563.843252, "relative_strength": -0.389636, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.39559, "energy": 36.878351, "activity_lines": [ 579.403597, 571.074969, 558.70947, 563.450254 ] }, { "date": "2024-10-11", "close": 629.290771, "volume": 350476, "typical_volume": 342108.4, "trend": 577.721936, "fair_value": 563.612201, "relative_strength": 5.284887, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.711017, "energy": 57.427884, "activity_lines": [ 597.649516, 582.902105, 565.907335, 566.810649 ] }, { "date": "2024-10-18", "close": 634.109192, "volume": 279680, "typical_volume": 325818.35, "trend": 577.077865, "fair_value": 563.139681, "relative_strength": 6.791948, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.492916, "energy": 68.323385, "activity_lines": [ 613.132833, 593.809346, 573.334647, 570.448536 ] }, { "date": "2024-10-25", "close": 628.327026, "volume": 321931, "typical_volume": 327684.15, "trend": 576.083677, "fair_value": 562.587833, "relative_strength": 3.500869, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.738638, "energy": 67.993798, "activity_lines": [ 622.127287, 602.36868, 579.839567, 573.754934 ] }, { "date": "2024-11-01", "close": 636.036621, "volume": 453970, "typical_volume": 331384.55, "trend": 575.81861, "fair_value": 562.200454, "relative_strength": 6.519921, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.85207, "energy": 80.588127, "activity_lines": [ 629.868961, 611.103242, 586.677195, 577.622866 ] }, { "date": "2024-11-08", "close": 628.327026, "volume": 498507, "typical_volume": 339712.3, "trend": 575.989016, "fair_value": 562.342411, "relative_strength": 6.178642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.403563, "energy": 76.64352, "activity_lines": [ 631.218123, 617.086891, 592.413455, 581.010506 ] }, { "date": "2024-11-15", "close": 616.762756, "volume": 246095, "typical_volume": 334790.8, "trend": 576.324768, "fair_value": 562.467762, "relative_strength": 1.921606, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.742133, "energy": 57.22657, "activity_lines": [ 626.399666, 619.610015, 596.655996, 583.641069 ] }, { "date": "2024-11-22", "close": 634.109192, "volume": 370917, "typical_volume": 339241.95, "trend": 576.624963, "fair_value": 562.973144, "relative_strength": 2.841763, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.135635, "energy": 48.974218, "activity_lines": [ 628.198555, 624.323344, 602.100855, 587.369097 ] }, { "date": "2024-11-29", "close": 628.808899, "volume": 321429, "typical_volume": 347304.0, "trend": 576.833763, "fair_value": 563.493855, "relative_strength": 2.749145, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.193109, "energy": 43.266149, "activity_lines": [ 628.23068, 626.828945, 606.526956, 590.735802 ] }, { "date": "2024-12-06", "close": 635.072876, "volume": 260092, "typical_volume": 350947.25, "trend": 577.990194, "fair_value": 563.977239, "relative_strength": 3.854775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.560138, "energy": 44.134118, "activity_lines": [ 630.318673, 629.42215, 611.058601, 594.493164 ] }, { "date": "2024-12-13", "close": 667.838379, "volume": 315497, "typical_volume": 354747.9, "trend": 580.431547, "fair_value": 564.728182, "relative_strength": 9.11586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.7092, "energy": 56.229845, "activity_lines": [ 643.392749, 636.947702, 618.228925, 600.289822 ] }, { "date": "2024-12-20", "close": 606.643921, "volume": 820795, "typical_volume": 375895.75, "trend": 581.282808, "fair_value": 565.224205, "relative_strength": 2.029131, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.768724, "energy": 37.526537, "activity_lines": [ 633.434583, 631.997819, 618.951689, 601.980943 ] }, { "date": "2024-12-27", "close": 609.535034, "volume": 61496, "typical_volume": 364298.05, "trend": 583.065639, "fair_value": 565.70589, "relative_strength": 0.551663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.537209, "energy": 27.15083, "activity_lines": [ 625.114709, 627.985355, 619.587266, 603.803667 ] }, { "date": "2025-01-03", "close": 615.799072, "volume": 101307, "typical_volume": 354510.65, "trend": 585.458809, "fair_value": 566.318124, "relative_strength": -1.125525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.478538, "energy": 20.754047, "activity_lines": [ 620.521126, 625.558609, 620.596851, 605.915501 ] }, { "date": "2025-01-10", "close": 592.670471, "volume": 443997, "typical_volume": 357882.0, "trend": 586.583118, "fair_value": 566.71753, "relative_strength": -5.894405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.858779, "energy": 19.477942, "activity_lines": [ 609.085331, 619.154444, 619.142138, 606.38077 ] }, { "date": "2025-01-17", "close": 596.043335, "volume": 412392, "typical_volume": 346309.5, "trend": 588.253516, "fair_value": 567.072815, "relative_strength": -6.12482, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.727089, "energy": 17.601473, "activity_lines": [ 601.600651, 614.152003, 617.861802, 606.991106 ] }, { "date": "2025-01-24", "close": 598.452637, "volume": 212421, "typical_volume": 342415.9, "trend": 590.791239, "fair_value": 567.371934, "relative_strength": -5.348999, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.626069, "energy": 16.799049, "activity_lines": [ 599.705408, 610.174593, 616.609008, 607.649114 ] }, { "date": "2025-01-31", "close": 623.026733, "volume": 291049, "typical_volume": 346864.05, "trend": 594.019608, "fair_value": 567.569136, "relative_strength": -3.038958, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.612201, "energy": 14.57645, "activity_lines": [ 606.547615, 610.998111, 617.531398, 609.728823 ] }, { "date": "2025-02-07", "close": 589.297485, "volume": 332647, "typical_volume": 342943.55, "trend": 596.13973, "fair_value": 567.472644, "relative_strength": -6.184306, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.569463, "energy": 10.294017, "activity_lines": [ 601.247294, 605.890538, 614.968433, 609.42417 ] }, { "date": "2025-02-14", "close": 604.716614, "volume": 307625, "typical_volume": 340860.5, "trend": 598.500775, "fair_value": 567.485558, "relative_strength": -3.745215, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.163058, "energy": 8.366879, "activity_lines": [ 602.853455, 604.304833, 613.786766, 609.977518 ] }, { "date": "2025-02-21", "close": 547.858765, "volume": 1251928, "typical_volume": 382712.55, "trend": 598.838068, "fair_value": 567.439226, "relative_strength": -13.007378, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.613973, "energy": 33.001011, "activity_lines": [ 584.703923, 592.933269, 607.066162, 606.710291 ] }, { "date": "2025-02-28", "close": 545.449524, "volume": 533042, "typical_volume": 391840.85, "trend": 599.335974, "fair_value": 567.707331, "relative_strength": -12.269651, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.158397, "energy": 61.800983, "activity_lines": [ 568.963615, 583.305108, 600.334084, 603.265869 ] }, { "date": "2025-03-07", "close": 518.947998, "volume": 790320, "typical_volume": 417372.85, "trend": 597.874375, "fair_value": 567.729247, "relative_strength": -16.027365, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.419511, "energy": 71.984358, "activity_lines": [ 547.923006, 569.971114, 591.477296, 598.079548 ] }, { "date": "2025-03-14", "close": 513.647705, "volume": 394533, "typical_volume": 421002.95, "trend": 596.300344, "fair_value": 567.622097, "relative_strength": -17.123998, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.407044, "energy": 88.479502, "activity_lines": [ 532.054216, 557.320467, 582.664104, 592.645569 ] }, { "date": "2025-03-21", "close": 518.466125, "volume": 406472, "typical_volume": 418628.05, "trend": 594.854805, "fair_value": 567.491832, "relative_strength": -17.366385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.340564, "energy": 88.40887, "activity_lines": [ 522.834883, 547.403194, 574.855901, 587.624007 ] }, { "date": "2025-03-28", "close": 475.678253, "volume": 443903, "typical_volume": 415897.85, "trend": 592.25605, "fair_value": 566.866583, "relative_strength": -22.504987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.530404, "energy": 94.400905, "activity_lines": [ 505.10296, 531.055478, 563.532523, 579.935197 ] }, { "date": "2025-04-04", "close": 461.608337, "volume": 548314, "typical_volume": 431008.8, "trend": 588.851006, "fair_value": 566.080705, "relative_strength": -17.88101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.315375, "energy": 93.367602, "activity_lines": [ 487.493099, 514.338051, 551.596051, 571.506312 ] }, { "date": "2025-04-11", "close": 477.79837, "volume": 387588, "typical_volume": 431842.35, "trend": 585.921383, "fair_value": 565.457307, "relative_strength": -15.243746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.271876, "energy": 85.901197, "activity_lines": [ 480.869327, 503.052345, 541.940318, 564.341626 ] }, { "date": "2025-04-18", "close": 497.264954, "volume": 166115, "typical_volume": 424076.65, "trend": 583.463969, "fair_value": 564.753254, "relative_strength": -13.759922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.293315, "energy": 68.812439, "activity_lines": [ 483.477726, 497.946533, 534.882883, 558.621856 ] }, { "date": "2025-04-25", "close": 482.80957, "volume": 218778, "typical_volume": 422010.95, "trend": 580.267724, "fair_value": 564.044584, "relative_strength": -16.272188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.974813, "energy": 63.017528, "activity_lines": [ 482.359847, 491.885789, 527.075144, 552.128024 ] }, { "date": "2025-05-02", "close": 503.429169, "volume": 214999, "typical_volume": 416986.05, "trend": 577.260894, "fair_value": 563.739735, "relative_strength": -15.305811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.803461, "energy": 53.285852, "activity_lines": [ 490.492271, 491.790554, 521.956239, 547.170698 ] }, { "date": "2025-05-09", "close": 493.934235, "volume": 311448, "typical_volume": 391518.7, "trend": 572.749009, "fair_value": 563.397745, "relative_strength": -16.249239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.934932, "energy": 42.994163, "activity_lines": [ 493.609656, 490.776778, 516.715957, 541.794785 ] }, { "date": "2025-05-16", "close": 500.462006, "volume": 373351, "typical_volume": 407111.45, "trend": 568.294103, "fair_value": 562.958219, "relative_strength": -18.002981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.753372, "energy": 37.931133, "activity_lines": [ 496.747905, 491.886512, 512.634079, 537.131107 ] }, { "date": "2025-05-23", "close": 479.691833, "volume": 390155, "typical_volume": 421553.85, "trend": 563.339596, "fair_value": 562.341068, "relative_strength": -20.211709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.083662, "energy": 40.616866, "activity_lines": [ 491.451853, 489.555959, 507.093485, 531.414832 ] }, { "date": "2025-05-30", "close": 469.80127, "volume": 305262, "typical_volume": 414617.1, "trend": 557.798418, "fair_value": 561.814724, "relative_strength": -22.125574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.642412, "energy": 50.143327, "activity_lines": [ 484.030489, 486.044502, 501.259063, 525.380101 ] }, { "date": "2025-06-06", "close": 464.856018, "volume": 372066, "typical_volume": 412600.8, "trend": 552.349385, "fair_value": 561.31006, "relative_strength": -23.726324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.158661, "energy": 54.159491, "activity_lines": [ 475.827928, 482.518723, 495.538756, 519.383817 ] }, { "date": "2025-06-13", "close": 453.97641, "volume": 307421, "typical_volume": 417350.8, "trend": 546.923173, "fair_value": 560.602205, "relative_strength": -27.02094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.286704, "energy": 65.799967, "activity_lines": [ 466.570374, 477.211602, 489.406997, 513.037173 ] }, { "date": "2025-06-20", "close": 441.909912, "volume": 556483, "typical_volume": 430622.5, "trend": 540.51653, "fair_value": 559.89707, "relative_strength": -29.248626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.181217, "energy": 72.698536, "activity_lines": [ 455.954508, 469.849335, 482.814029, 506.262124 ] }, { "date": "2025-06-27", "close": 444.679291, "volume": 437328, "typical_volume": 435856.55, "trend": 534.378877, "fair_value": 558.996168, "relative_strength": -26.870275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.987586, "energy": 77.980474, "activity_lines": [ 450.165243, 463.643108, 477.347273, 500.079077 ] }, { "date": "2025-07-04", "close": 459.910736, "volume": 358206, "typical_volume": 438385.6, "trend": 528.540139, "fair_value": 557.985317, "relative_strength": -25.145862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.5824, "energy": 62.034203, "activity_lines": [ 451.787295, 461.162338, 474.019789, 495.27468 ] }, { "date": "2025-07-11", "close": 453.778564, "volume": 471412, "typical_volume": 399359.8, "trend": 521.404812, "fair_value": 557.184262, "relative_strength": -25.595856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.544023, "energy": 54.507463, "activity_lines": [ 452.024658, 457.98297, 470.797841, 490.451353 ] }, { "date": "2025-07-18", "close": 388.698761, "volume": 1522122, "typical_volume": 448813.8, "trend": 514.139973, "fair_value": 555.716924, "relative_strength": -35.434617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.859726, "energy": 64.861124, "activity_lines": [ 431.307251, 443.873649, 461.825817, 481.889672 ] }, { "date": "2025-07-25", "close": 421.931, "volume": 704168, "typical_volume": 444506.2, "trend": 507.886505, "fair_value": 554.438888, "relative_strength": -29.396412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.962774, "energy": 55.892849, "activity_lines": [ 426.0191, 437.719925, 456.7652, 475.940706 ] }, { "date": "2025-08-01", "close": 415.403229, "volume": 485174, "typical_volume": 449038.25, "trend": 501.206644, "fair_value": 553.190181, "relative_strength": -29.664249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.137738, "energy": 58.044312, "activity_lines": [ 419.886953, 431.807171, 451.544876, 469.974043 ] }, { "date": "2025-08-08", "close": 441.909912, "volume": 324930, "typical_volume": 444961.15, "trend": 496.181292, "fair_value": 552.339734, "relative_strength": -25.482589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.948826, "energy": 52.246719, "activity_lines": [ 424.542104, 431.882697, 449.31683, 466.148448 ] }, { "date": "2025-08-15", "close": 425.293793, "volume": 770616, "typical_volume": 461296.8, "trend": 490.48964, "fair_value": 551.412429, "relative_strength": -28.304837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.456723, "energy": 43.474726, "activity_lines": [ 424.858604, 429.444226, 445.870849, 461.575061 ] }, { "date": "2025-08-22", "close": 431.030304, "volume": 375272, "typical_volume": 452644.7, "trend": 484.908896, "fair_value": 550.72652, "relative_strength": -28.150657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.769135, "energy": 33.913029, "activity_lines": [ 428.986259, 428.76807, 443.211129, 457.738975 ] }, { "date": "2025-08-29", "close": 431.425964, "volume": 804829, "typical_volume": 473506.75, "trend": 478.522204, "fair_value": 550.078733, "relative_strength": -26.822024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.752326, "energy": 26.151653, "activity_lines": [ 430.423698, 428.581054, 440.7347, 454.288463 ] }, { "date": "2025-09-05", "close": 420.744141, "volume": 455193, "typical_volume": 487960.65, "trend": 472.903759, "fair_value": 549.584889, "relative_strength": -27.151083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.144694, "energy": 30.019273, "activity_lines": [ 427.667531, 426.642506, 437.461775, 450.560846 ] }, { "date": "2025-09-12", "close": 459.910736, "volume": 691732, "typical_volume": 511608.35, "trend": 468.076896, "fair_value": 549.371767, "relative_strength": -21.224074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.817743, "energy": 14.365087, "activity_lines": [ 437.610836, 432.260342, 438.283388, 449.722586 ] }, { "date": "2025-09-19", "close": 475.537781, "volume": 1552739, "typical_volume": 578495.35, "trend": 465.666197, "fair_value": 549.359648, "relative_strength": -17.579056, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.528318, "energy": 9.489229, "activity_lines": [ 451.5631, 440.719458, 440.702332, 450.203934 ] }, { "date": "2025-09-26", "close": 464.856018, "volume": 911082, "typical_volume": 608477.05, "trend": 462.979747, "fair_value": 549.772522, "relative_strength": -19.663359, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.855576, "energy": 14.738879, "activity_lines": [ 458.605178, 446.840814, 442.236782, 450.151664 ] }, { "date": "2025-10-03", "close": 460.108551, "volume": 693153, "typical_volume": 624467.15, "trend": 461.018432, "fair_value": 550.000755, "relative_strength": -19.325139, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.889761, "energy": 22.758483, "activity_lines": [ 461.809719, 450.714316, 443.45756, 449.966426 ] }, { "date": "2025-10-10", "close": 470.394714, "volume": 591568, "typical_volume": 634537.8, "trend": 459.576665, "fair_value": 550.201214, "relative_strength": -16.849896, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.238106, "energy": 27.883211, "activity_lines": [ 466.530808, 455.763893, 445.850132, 450.571347 ] }, { "date": "2025-10-17", "close": 475.537781, "volume": 548670, "typical_volume": 646708.2, "trend": 458.14572, "fair_value": 550.324323, "relative_strength": -13.784738, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.68675, "energy": 41.337172, "activity_lines": [ 469.656215, 460.748727, 448.776791, 451.601097 ] }, { "date": "2025-10-24", "close": 482.856842, "volume": 446582, "typical_volume": 650434.0, "trend": 458.385007, "fair_value": 550.388777, "relative_strength": -12.833564, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.689067, "energy": 43.982624, "activity_lines": [ 474.179506, 466.452884, 452.373187, 453.195362 ] }, { "date": "2025-10-31", "close": 459.515106, "volume": 377616, "typical_volume": 653943.75, "trend": 458.315232, "fair_value": 550.485094, "relative_strength": -14.678068, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.330437, "energy": 30.979533, "activity_lines": [ 470.434281, 466.866488, 453.660843, 453.268272 ] }, { "date": "2025-11-07", "close": 490.571442, "volume": 825126, "typical_volume": 667375.9, "trend": 458.741001, "fair_value": 550.716436, "relative_strength": -7.465694, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.884116, "energy": 40.960764, "activity_lines": [ 477.397229, 472.408794, 457.87987, 455.349318 ] }, { "date": "2025-11-14", "close": 468.812225, "volume": 370421, "typical_volume": 664030.55, "trend": 457.792577, "fair_value": 550.789315, "relative_strength": -11.724251, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.41809, "energy": 24.357843, "activity_lines": [ 475.076245, 472.919505, 459.794869, 455.999074 ] }, { "date": "2025-11-21", "close": 448.833313, "volume": 413342, "typical_volume": 666787.35, "trend": 456.660035, "fair_value": 550.499254, "relative_strength": -13.071426, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.599179, "energy": 6.60568, "activity_lines": [ 466.201123, 468.923722, 459.692196, 455.421057 ] }, { "date": "2025-11-28", "close": 459.712921, "volume": 390607, "typical_volume": 662747.1, "trend": 455.202827, "fair_value": 550.213692, "relative_strength": -11.63725, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.999727, "energy": 15.858188, "activity_lines": [ 462.732835, 467.107457, 460.678426, 455.618018 ] }, { "date": "2025-12-05", "close": 481.274323, "volume": 432503, "typical_volume": 608266.15, "trend": 454.78083, "fair_value": 549.817238, "relative_strength": -7.999376, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.081452, "energy": 20.315635, "activity_lines": [ 467.994609, 469.499172, 463.689864, 457.30005 ] }, { "date": "2025-12-12", "close": 482.461182, "volume": 410368, "typical_volume": 593576.15, "trend": 454.180802, "fair_value": 549.46991, "relative_strength": -7.419537, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.069384, "energy": 25.506409, "activity_lines": [ 472.201388, 471.808165, 466.3735, 459.085879 ] }, { "date": "2025-12-19", "close": 515.297852, "volume": 650101, "typical_volume": 601822.5, "trend": 455.36767, "fair_value": 549.128452, "relative_strength": -1.417008, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.253072, "energy": 63.64274, "activity_lines": [ 487.894407, 479.68105, 471.896199, 463.028914 ] }, { "date": "2025-12-26", "close": 506.396332, "volume": 101169, "typical_volume": 590634.45, "trend": 456.587505, "fair_value": 548.721035, "relative_strength": -2.754693, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.252306, "energy": 72.42919, "activity_lines": [ 497.521212, 485.119056, 476.095445, 466.321086 ] }, { "date": "2026-01-02", "close": 511.836151, "volume": 137676, "typical_volume": 558987.45, "trend": 458.15351, "fair_value": 548.570905, "relative_strength": -2.758368, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.711353, "energy": 77.188979, "activity_lines": [ 505.123755, 490.985055, 480.505691, 469.885515 ] }, { "date": "2026-01-09", "close": 470.196899, "volume": 589860, "typical_volume": 569716.85, "trend": 458.694193, "fair_value": 548.0382, "relative_strength": -9.991878, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.262361, "energy": 60.18936, "activity_lines": [ 495.371665, 488.753385, 480.538188, 470.662508 ] }, { "date": "2026-01-16", "close": 471.185944, "volume": 805424, "typical_volume": 569746.6, "trend": 459.67006, "fair_value": 547.45549, "relative_strength": -11.854847, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.110503, "energy": 28.223918, "activity_lines": [ 486.687752, 486.507327, 480.478372, 471.468427 ] }, { "date": "2026-01-23", "close": 437.953705, "volume": 782599, "typical_volume": 586116.9, "trend": 459.445874, "fair_value": 546.603408, "relative_strength": -16.458324, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 1.990102, "energy": 12.318547, "activity_lines": [ 467.678109, 478.571507, 477.064247, 470.067372 ] }, { "date": "2026-01-30", "close": 459.119507, "volume": 801974, "typical_volume": 591629.0, "trend": 459.4195, "fair_value": 545.937418, "relative_strength": -12.931951, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.729018, "energy": 20.64299, "activity_lines": [ 460.880009, 475.045079, 475.583963, 470.046316 ] }, { "date": "2026-02-06", "close": 475.537781, "volume": 725443, "typical_volume": 550264.2, "trend": 460.144807, "fair_value": 545.335156, "relative_strength": -11.089206, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.709367, "energy": 18.60641, "activity_lines": [ 462.706456, 474.31677, 475.671092, 471.086205 ] }, { "date": "2026-02-13", "close": 455.361084, "volume": 682020, "typical_volume": 538811.1, "trend": 462.366884, "fair_value": 544.636177, "relative_strength": -15.030127, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.504681, "energy": 24.36796, "activity_lines": [ 460.227228, 469.632246, 473.83663, 470.777578 ] }, { "date": "2026-02-20", "close": 465.251617, "volume": 480141, "typical_volume": 528160.5, "trend": 463.810905, "fair_value": 543.795976, "relative_strength": -15.35012, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.579175, "energy": 13.743722, "activity_lines": [ 462.033899, 467.21715, 472.989338, 470.96369 ] }, { "date": "2026-02-27", "close": 451.009247, "volume": 562476, "typical_volume": 526705.9, "trend": 464.997772, "fair_value": 542.73696, "relative_strength": -17.589371, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.120391, "energy": 16.185115, "activity_lines": [ 459.488735, 462.525433, 470.761139, 470.137776 ] }, { "date": "2026-03-06", "close": 441.514282, "volume": 605945, "typical_volume": 529569.65, "trend": 464.984585, "fair_value": 541.732735, "relative_strength": -19.21452, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.96192, "energy": 33.182752, "activity_lines": [ 452.908213, 457.276243, 467.72097, 468.622712 ] }, { "date": "2026-03-13", "close": 443.294617, "volume": 745067, "typical_volume": 544493.9, "trend": 465.584612, "fair_value": 540.72213, "relative_strength": -20.021051, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.570848, "energy": 37.378428, "activity_lines": [ 448.094818, 453.530424, 465.012372, 467.223359 ] }, { "date": "2026-03-20", "close": 439.931793, "volume": 1020428, "typical_volume": 576634.5, "trend": 465.881328, "fair_value": 539.609898, "relative_strength": -20.84695, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.297569, "energy": 56.105224, "activity_lines": [ 444.310026, 450.419393, 462.171898, 465.568339 ] }, { "date": "2026-03-27", "close": 432.217194, "volume": 497504, "typical_volume": 560253.4, "trend": 465.907703, "fair_value": 538.356281, "relative_strength": -22.318202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.237425, "energy": 60.42782, "activity_lines": [ 438.98232, 446.455981, 458.689953, 463.396459 ] }, { "date": "2026-04-03", "close": 452.987335, "volume": 208947, "typical_volume": 552179.7, "trend": 466.982476, "fair_value": 537.487878, "relative_strength": -20.823726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.782485, "energy": 40.676231, "activity_lines": [ 442.78029, 446.977481, 457.463995, 462.562887 ] }, { "date": "2026-04-10", "close": 468.218781, "volume": 549590, "typical_volume": 558992.1, "trend": 467.259411, "fair_value": 536.367178, "relative_strength": -17.152884, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.619087, "energy": 19.420191, "activity_lines": [ 451.523535, 449.994997, 457.764007, 462.642649 ] }, { "date": "2026-04-17", "close": 451.998291, "volume": 719002, "typical_volume": 575411.85, "trend": 466.474761, "fair_value": 534.958638, "relative_strength": -16.302479, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.885713, "energy": 16.605067, "activity_lines": [ 453.079651, 449.897891, 456.426899, 461.65806 ] }, { "date": "2026-04-24", "close": 432.217194, "volume": 417737, "typical_volume": 574673.55, "trend": 465.3868, "fair_value": 533.12674, "relative_strength": -20.364566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.904858, "energy": 21.811046, "activity_lines": [ 447.461823, 446.632213, 453.242613, 459.447895 ] }, { "date": "2026-05-01", "close": 456.943573, "volume": 427993, "typical_volume": 575554.8, "trend": 465.281301, "fair_value": 531.737065, "relative_strength": -16.191082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.6538, "energy": 15.357118, "activity_lines": [ 450.600427, 448.283038, 452.646826, 458.90317 ] }, { "date": "2026-05-08", "close": 413.600006, "volume": 541370, "typical_volume": 570118.25, "trend": 463.388144, "fair_value": 529.872824, "relative_strength": -21.619616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.496976, "energy": 48.471585, "activity_lines": [ 437.642751, 442.20427, 448.044592, 455.568893 ] }, { "date": "2026-05-15", "close": 433.399994, "volume": 367376, "typical_volume": 583428.6, "trend": 461.983551, "fair_value": 528.117347, "relative_strength": -19.195039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.836896, "energy": 48.998062, "activity_lines": [ 433.910893, 440.405667, 445.812347, 453.634174 ] }, { "date": "2026-05-22", "close": 463.0, "volume": 624614, "typical_volume": 607775.5, "trend": 461.321656, "fair_value": 526.593984, "relative_strength": -14.245035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.693965, "energy": 22.072928, "activity_lines": [ 442.366956, 444.136417, 446.746752, 453.699751 ] }, { "date": "2026-05-29", "close": 458.399994, "volume": 451864, "typical_volume": 600875.7, "trend": 461.284486, "fair_value": 525.016923, "relative_strength": -12.808077, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.807928, "energy": 15.736317, "activity_lines": [ 448.556236, 446.672522, 447.475614, 453.511257 ] }, { "date": "2026-06-05", "close": 421.600006, "volume": 212998, "typical_volume": 571254.4, "trend": 458.985438, "fair_value": 523.50964, "relative_strength": -19.464132, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.380973, "energy": 24.081168, "activity_lines": [ 440.733333, 442.181935, 444.755891, 450.950968 ] }, { "date": "2026-06-12", "close": 423.200012, "volume": 145177, "typical_volume": 539383.3, "trend": 457.465031, "fair_value": 521.967215, "relative_strength": -18.404403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.206797, "energy": 25.596154, "activity_lines": [ 435.800004, 438.175297, 442.424673, 448.642231 ] }, { "date": "2026-06-19", "close": 419.799988, "volume": 123123, "typical_volume": 505440.75, "trend": 456.497253, "fair_value": 520.566426, "relative_strength": -16.871656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.763207, "energy": 45.628762, "activity_lines": [ 429.093333, 434.092062, 439.839899, 446.212228 ] }, { "date": "2026-06-26", "close": 427.0, "volume": 60049, "typical_volume": 472171.05, "trend": 455.406823, "fair_value": 519.417593, "relative_strength": -12.891795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.776548, "energy": 53.963597, "activity_lines": [ 425.693333, 432.198261, 438.128076, 444.309179 ] }, { "date": "2026-07-03", "close": 408.600006, "volume": 64823, "typical_volume": 441311.2, "trend": 452.984346, "fair_value": 518.253711, "relative_strength": -18.067034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.944138, "energy": 61.255856, "activity_lines": [ 418.560002, 427.41352, 434.895005, 441.289385 ] }, { "date": "2026-07-10", "close": 413.600006, "volume": 450527, "typical_volume": 439830.5, "trend": 450.688973, "fair_value": 517.037139, "relative_strength": -16.161614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.48255, "energy": 58.489178, "activity_lines": [ 416.413336, 423.967275, 432.360797, 438.74846 ] }, { "date": "2026-07-17", "close": 448.799988, "volume": 296899, "typical_volume": 426551.65, "trend": 448.472378, "fair_value": 516.270168, "relative_strength": -10.109529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.769585, "energy": 24.693972, "activity_lines": [ 426.533331, 427.70909, 433.424927, 438.62659 ] }, { "date": "2026-07-24", "close": 440.600006, "volume": 259098, "typical_volume": 409209.3, "trend": 446.279167, "fair_value": 515.474845, "relative_strength": -13.687116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.60341, "energy": 15.959415, "activity_lines": [ 432.213334, 429.320001, 433.718628, 438.118695 ] }, { "date": "2026-07-31", "close": 451.799988, "volume": 344866, "typical_volume": 389199.25, "trend": 444.277961, "fair_value": 514.863297, "relative_strength": -11.722922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.457605, "energy": 13.98045, "activity_lines": [ 440.239996, 432.836362, 435.083347, 438.474877 ] }, { "date": "2026-08-07", "close": 463.399994, "volume": 345705, "typical_volume": 355463.1, "trend": 444.051398, "fair_value": 514.277684, "relative_strength": -9.510743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 27.692237, "energy": 30.382518, "activity_lines": [ 450.479995, 438.665452, 437.512326, 439.708556 ] } ], "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." } } }