{ "ticker": { "uuid": "8243a064-6b74-4f2a-b835-26f02810014e", "symbol": "NIITLTD", "name": "NIIT Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 46.518, "architecture_energy": 38.223, "architecture_maturity": 71.705, "architecture_confidence": 56.25, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 35.98, "rotation_up": 37.7, "upward_expansion": 65.71, "deceleration": 68.07, "rotation_down": 26.3, "downward_expansion": 18.04 }, "activity_lines": [ 95.827334, 96.843455, 88.955, 83.205161 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 95.07, "trend_reference": 78.043, "distance_from_trend": 0.218175, "trend_direction": "Improving", "fair_value": 115.914598, "distance_from_fair_value": -0.179827, "fair_value_direction": "Improving", "relative_strength": 9.122758, "relative_strength_direction": "Improving", "price_momentum": 0.24307, "excess_performance": 0.286779, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.218175, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013339, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.179827, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.202607, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.091228, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.294928, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.24307, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.382182, "read": "Supply-led" } ], "volume": { "latest": 2194515, "relative_activity": 0.740291, "balance": 0.382182, "dry_up": 1.03997, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.103794, "annualized_volatility": 0.647317, "from_high_reference": -0.185517, "from_low_reference": 0.940204 }, "levels": { "trend_reference": 78.043, "fair_value_reference": 115.914598, "structural_low": 49.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": -0.039821, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.022734, "regime_survival": 0.666667, "best_return": 0.423922, "worst_return": -0.774239, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.03302, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.001632, "regime_survival": 0.5, "best_return": 0.395785, "worst_return": -0.748884, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.105829, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.132259, "regime_survival": 0.2, "best_return": 0.651677, "worst_return": -0.64406, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.040199, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.023224, "regime_survival": 0.333333, "best_return": 0.476882, "worst_return": -0.688374, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-22", "end": "2024-04-05", "tenure": "New", "return": 0.070583, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-12", "end": "2024-07-05", "tenure": "Established", "return": 0.07616, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": 0.076981, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-08-30", "tenure": "Developing", "return": 0.346631, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-10-18", "tenure": "Developing", "return": -0.104431, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": 0.208457, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": 0.005164, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.141947, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.211568, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-05-16", "tenure": "Developing", "return": 0.129438, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-25", "tenure": "Developing", "return": -0.124718, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-05-29", "tenure": "Extended", "return": -0.395155, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-07-03", "tenure": "Developing", "return": 0.105674, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.057032, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 78.80088, "volume": 2558420, "typical_volume": 2470009.3, "trend": 250.879799, "fair_value": 293.441811, "relative_strength": -73.551993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.852102, "energy": 65.633739, "activity_lines": [ 79.761113, 80.581313, 144.540156, 195.343357 ] }, { "date": "2023-08-25", "close": 78.063515, "volume": 1749346, "typical_volume": 2522621.5, "trend": 243.532259, "fair_value": 293.163186, "relative_strength": -73.22449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.53994, "energy": 64.725719, "activity_lines": [ 79.063066, 79.935998, 131.920966, 184.193919 ] }, { "date": "2023-09-01", "close": 81.160484, "volume": 1867521, "typical_volume": 2540393.95, "trend": 235.863552, "fair_value": 292.922408, "relative_strength": -71.855899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.078026, "energy": 63.206976, "activity_lines": [ 79.52843, 79.9932, 120.879993, 173.718321 ] }, { "date": "2023-09-08", "close": 80.914696, "volume": 1468606, "typical_volume": 2557626.3, "trend": 226.982272, "fair_value": 292.625142, "relative_strength": -71.885417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.999525, "energy": 88.098843, "activity_lines": [ 79.869261, 80.069172, 111.161146, 163.72162 ] }, { "date": "2023-09-15", "close": 121.519524, "volume": 71301760, "typical_volume": 6090954.65, "trend": 219.475788, "fair_value": 292.553725, "relative_strength": -57.838357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.308936, "energy": 83.269237, "activity_lines": [ 93.977718, 87.570742, 106.617274, 156.917572 ] }, { "date": "2023-09-22", "close": 122.797638, "volume": 6096614, "typical_volume": 6346310.1, "trend": 212.357655, "fair_value": 292.548828, "relative_strength": -55.556423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.514358, "energy": 71.991057, "activity_lines": [ 105.546324, 94.579833, 103.305872, 150.680272 ] }, { "date": "2023-09-29", "close": 120.536346, "volume": 5980862, "typical_volume": 6564356.35, "trend": 205.096961, "fair_value": 292.503995, "relative_strength": -55.568419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.950033, "energy": 57.238994, "activity_lines": [ 113.428049, 100.400185, 100.890322, 144.756317 ] }, { "date": "2023-10-06", "close": 118.717491, "volume": 1746778, "typical_volume": 6491824.55, "trend": 197.346323, "fair_value": 292.447813, "relative_strength": -55.520224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.614118, "energy": 43.195413, "activity_lines": [ 117.871966, 105.153353, 99.437106, 139.183448 ] }, { "date": "2023-10-13", "close": 121.666992, "volume": 4019345, "typical_volume": 6485682.1, "trend": 190.021724, "fair_value": 292.401851, "relative_strength": -53.946443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.874411, "energy": 37.12344, "activity_lines": [ 120.795251, 109.74832, 99.5078, 134.30091 ] }, { "date": "2023-10-20", "close": 116.701996, "volume": 2221882, "typical_volume": 6294659.65, "trend": 183.141189, "fair_value": 292.297381, "relative_strength": -54.715421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.932161, "energy": 29.962154, "activity_lines": [ 119.346717, 112.76307, 100.420741, 129.570605 ] }, { "date": "2023-10-27", "close": 112.031952, "volume": 4389159, "typical_volume": 6328744.4, "trend": 176.180363, "fair_value": 292.147462, "relative_strength": -54.784606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.793838, "energy": 22.248086, "activity_lines": [ 116.66267, 114.207433, 102.164225, 124.982912 ] }, { "date": "2023-11-03", "close": 116.210411, "volume": 9003043, "typical_volume": 6610464.65, "trend": 168.469051, "fair_value": 292.067763, "relative_strength": -52.854384, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -14.931432, "energy": 18.702169, "activity_lines": [ 116.089155, 115.807314, 104.23075, 121.113883 ] }, { "date": "2023-11-10", "close": 115.82032, "volume": 2237312, "typical_volume": 6557921.2, "trend": 160.205633, "fair_value": 291.876667, "relative_strength": -52.75116, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -23.724177, "energy": 20.728466, "activity_lines": [ 115.674006, 116.64269, 106.114989, 117.717191 ] }, { "date": "2023-11-17", "close": 117.893822, "volume": 2717337, "typical_volume": 6619155.1, "trend": 152.283342, "fair_value": 291.547151, "relative_strength": -51.878984, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.542172, "energy": 16.079687, "activity_lines": [ 116.143168, 117.224887, 108.048277, 114.987397 ] }, { "date": "2023-11-24", "close": 115.129143, "volume": 1715973, "typical_volume": 6636441.15, "trend": 144.295111, "fair_value": 291.189365, "relative_strength": -52.369542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -20.130075, "energy": 13.4595, "activity_lines": [ 115.942316, 116.632068, 109.553408, 112.590351 ] }, { "date": "2023-12-01", "close": 112.858154, "volume": 1672423, "typical_volume": 6608530.95, "trend": 136.185301, "fair_value": 290.856422, "relative_strength": -53.491879, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -12.056312, "energy": 10.462644, "activity_lines": [ 115.089324, 115.74253, 110.682839, 110.562161 ] }, { "date": "2023-12-08", "close": 112.561935, "volume": 2875490, "typical_volume": 6651625.35, "trend": 127.970577, "fair_value": 290.449603, "relative_strength": -54.274822, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.083714, "energy": 11.934145, "activity_lines": [ 114.082512, 114.979852, 111.627734, 109.038073 ] }, { "date": "2023-12-15", "close": 118.190033, "volume": 7277280, "typical_volume": 6972086.35, "trend": 119.251961, "fair_value": 290.085997, "relative_strength": -52.158146, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -1.676813, "energy": 14.743609, "activity_lines": [ 115.194965, 115.385454, 112.953724, 108.40707 ] }, { "date": "2023-12-22", "close": 114.981033, "volume": 4255353, "typical_volume": 7043214.15, "trend": 109.823369, "fair_value": 289.579274, "relative_strength": -52.333107, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.268179, "energy": 23.19421, "activity_lines": [ 115.07977, 115.217192, 113.79472, 108.131526 ] }, { "date": "2023-12-29", "close": 113.105003, "volume": 1205059, "typical_volume": 6817978.15, "trend": 100.776307, "fair_value": 289.050906, "relative_strength": -52.995123, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.051248, "energy": 33.266863, "activity_lines": [ 114.533418, 114.829396, 114.311446, 108.343244 ] }, { "date": "2024-01-05", "close": 115.474724, "volume": 2686337, "typical_volume": 6824374.0, "trend": 101.415422, "fair_value": 288.511979, "relative_strength": -50.97608, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.211387, "energy": 34.432997, "activity_lines": [ 114.911915, 114.937859, 114.88208, 109.291529 ] }, { "date": "2024-01-12", "close": 118.535622, "volume": 9148175, "typical_volume": 7194315.45, "trend": 102.508869, "fair_value": 288.032695, "relative_strength": -49.031127, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.745559, "energy": 28.021377, "activity_lines": [ 116.136274, 115.540252, 115.569591, 110.396058 ] }, { "date": "2024-01-19", "close": 119.621742, "volume": 10660944, "typical_volume": 7633986.6, "trend": 103.674569, "fair_value": 287.628317, "relative_strength": -46.828081, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.505821, "energy": 35.254254, "activity_lines": [ 117.324427, 116.297846, 116.167817, 111.500115 ] }, { "date": "2024-01-26", "close": 122.978859, "volume": 8431550, "typical_volume": 7982133.8, "trend": 104.998055, "fair_value": 287.252595, "relative_strength": -43.475434, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.050806, "energy": 45.727037, "activity_lines": [ 119.536172, 117.596707, 116.90262, 112.745553 ] }, { "date": "2024-02-02", "close": 120.510399, "volume": 11433344, "typical_volume": 4988713.0, "trend": 106.293332, "fair_value": 286.810479, "relative_strength": -44.635086, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.92443, "energy": 49.305804, "activity_lines": [ 120.391908, 118.354302, 117.202026, 113.746349 ] }, { "date": "2024-02-09", "close": 126.385338, "volume": 19905961, "typical_volume": 5679180.35, "trend": 107.838515, "fair_value": 286.424327, "relative_strength": -40.169065, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.718528, "energy": 51.300142, "activity_lines": [ 122.712265, 120.082227, 118.065755, 115.042608 ] }, { "date": "2024-02-16", "close": 130.729813, "volume": 14749619, "typical_volume": 6117618.2, "trend": 109.528514, "fair_value": 286.014834, "relative_strength": -37.168962, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.646722, "energy": 55.41241, "activity_lines": [ 125.753405, 122.354108, 119.326159, 116.519465 ] }, { "date": "2024-02-23", "close": 127.866417, "volume": 9686989, "typical_volume": 6514628.75, "trend": 111.106681, "fair_value": 285.624836, "relative_strength": -37.296499, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.39374, "energy": 42.90269, "activity_lines": [ 127.027134, 123.775046, 120.265319, 117.702556 ] }, { "date": "2024-03-01", "close": 123.028229, "volume": 5211650, "typical_volume": 6574244.0, "trend": 112.394123, "fair_value": 285.218716, "relative_strength": -38.233863, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.110146, "energy": 37.392344, "activity_lines": [ 126.138488, 124.14038, 120.700133, 118.471688 ] }, { "date": "2024-03-08", "close": 119.473633, "volume": 2726531, "typical_volume": 6599476.45, "trend": 113.808871, "fair_value": 284.819594, "relative_strength": -38.458935, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.443627, "energy": 28.507973, "activity_lines": [ 124.061686, 123.71311, 120.789932, 118.928431 ] }, { "date": "2024-03-15", "close": 106.390778, "volume": 6327432, "typical_volume": 6696390.1, "trend": 114.728535, "fair_value": 284.548506, "relative_strength": -42.074554, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.622667, "energy": 9.781383, "activity_lines": [ 117.69305, 120.791347, 119.620546, 118.449844 ] }, { "date": "2024-03-22", "close": 104.218536, "volume": 2555794, "typical_volume": 6374027.65, "trend": 115.600369, "fair_value": 284.306618, "relative_strength": -41.510016, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.046772, "energy": 25.318231, "activity_lines": [ 111.933304, 117.639793, 118.271142, 117.77178 ] }, { "date": "2024-03-29", "close": 104.267899, "volume": 2945038, "typical_volume": 6409413.95, "trend": 116.370616, "fair_value": 283.948393, "relative_strength": -40.112759, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.286664, "energy": 35.418876, "activity_lines": [ 107.957431, 114.757525, 116.983545, 117.040653 ] }, { "date": "2024-04-05", "close": 111.574554, "volume": 3032371, "typical_volume": 6425165.65, "trend": 117.392611, "fair_value": 283.560375, "relative_strength": -34.041733, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.909115, "energy": 50.399939, "activity_lines": [ 107.990344, 113.4829, 116.44683, 116.731229 ] }, { "date": "2024-04-12", "close": 107.476898, "volume": 1791927, "typical_volume": 6428963.35, "trend": 116.924524, "fair_value": 283.182078, "relative_strength": -33.83338, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.380011, "energy": 53.331494, "activity_lines": [ 107.42095, 111.670598, 115.549955, 116.091506 ] }, { "date": "2024-04-19", "close": 103.922318, "volume": 1539135, "typical_volume": 6422298.95, "trend": 116.295346, "fair_value": 282.81109, "relative_strength": -32.145006, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.249787, "energy": 47.09875, "activity_lines": [ 106.466479, 109.448981, 114.350987, 115.252654 ] }, { "date": "2024-04-26", "close": 106.538887, "volume": 1716990, "typical_volume": 6364373.95, "trend": 115.828764, "fair_value": 282.464631, "relative_strength": -28.315791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.486554, "energy": 34.091016, "activity_lines": [ 106.548761, 108.111523, 113.443768, 114.623205 ] }, { "date": "2024-05-03", "close": 103.033669, "volume": 1201124, "typical_volume": 6060566.15, "trend": 115.30597, "fair_value": 282.074916, "relative_strength": -27.672833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.924234, "energy": 43.259796, "activity_lines": [ 105.307946, 106.576587, 112.231399, 113.797715 ] }, { "date": "2024-05-10", "close": 97.356201, "volume": 1640074, "typical_volume": 5929802.2, "trend": 114.495611, "fair_value": 281.622436, "relative_strength": -26.990447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.590601, "energy": 61.368922, "activity_lines": [ 102.256925, 104.460889, 110.550493, 112.639665 ] }, { "date": "2024-05-17", "close": 102.786819, "volume": 1752129, "typical_volume": 5957155.7, "trend": 114.031771, "fair_value": 281.171881, "relative_strength": -20.19362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.318396, "energy": 58.403459, "activity_lines": [ 101.964, 103.79934, 109.470716, 111.884259 ] }, { "date": "2024-05-24", "close": 106.045197, "volume": 7453502, "typical_volume": 6195513.95, "trend": 113.832213, "fair_value": 280.665582, "relative_strength": -14.586502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.739174, "energy": 51.024142, "activity_lines": [ 103.069873, 104.033621, 108.750395, 111.368996 ] }, { "date": "2024-05-31", "close": 98.738541, "volume": 1889818, "typical_volume": 5832596.1, "trend": 113.249817, "fair_value": 279.925056, "relative_strength": -13.95993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.3697, "energy": 56.254814, "activity_lines": [ 101.598668, 102.945701, 107.379105, 110.395211 ] }, { "date": "2024-06-07", "close": 101.601959, "volume": 2007503, "typical_volume": 5399924.05, "trend": 112.775872, "fair_value": 278.867818, "relative_strength": -14.084049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.356491, "energy": 35.967177, "activity_lines": [ 101.601959, 102.478039, 106.374793, 109.643736 ] }, { "date": "2024-06-14", "close": 102.59922, "volume": 1975765, "typical_volume": 5077134.8, "trend": 112.266052, "fair_value": 277.887089, "relative_strength": -13.830172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.078196, "energy": 35.631581, "activity_lines": [ 102.033118, 102.24017, 105.551266, 108.987178 ] }, { "date": "2024-06-21", "close": 106.074821, "volume": 3014817, "typical_volume": 4656208.45, "trend": 111.964241, "fair_value": 276.91685, "relative_strength": -11.03844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.462695, "energy": 28.873043, "activity_lines": [ 103.273276, 102.797415, 105.155795, 108.587744 ] }, { "date": "2024-06-28", "close": 101.374863, "volume": 1506714, "typical_volume": 3736246.1, "trend": 111.581465, "fair_value": 275.620197, "relative_strength": -16.747142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.983272, "energy": 27.218777, "activity_lines": [ 102.727581, 102.525615, 104.38145, 107.904558 ] }, { "date": "2024-07-05", "close": 115.662323, "volume": 15107417, "typical_volume": 3754136.0, "trend": 111.684811, "fair_value": 274.578941, "relative_strength": -6.425556, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.447905, "energy": 11.813734, "activity_lines": [ 107.255729, 104.897852, 105.086913, 108.167839 ] }, { "date": "2024-07-12", "close": 116.975555, "volume": 7490269, "typical_volume": 3644300.0, "trend": 111.644328, "fair_value": 273.523144, "relative_strength": -6.294169, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.475172, "energy": 19.967237, "activity_lines": [ 111.093368, 107.342978, 105.989196, 108.509178 ] }, { "date": "2024-07-19", "close": 108.513664, "volume": 2430943, "typical_volume": 3505264.65, "trend": 111.428749, "fair_value": 272.395268, "relative_strength": -13.295847, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.717767, "energy": 18.432802, "activity_lines": [ 111.08547, 107.99609, 106.137445, 108.307199 ] }, { "date": "2024-07-26", "close": 125.980499, "volume": 16429078, "typical_volume": 4190392.0, "trend": 111.857933, "fair_value": 271.175636, "relative_strength": -0.935277, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.6295, "energy": 42.48421, "activity_lines": [ 116.505555, 111.622127, 108.01832, 109.246022 ] }, { "date": "2024-08-02", "close": 123.255325, "volume": 9301418, "typical_volume": 4339091.3, "trend": 112.117286, "fair_value": 269.938849, "relative_strength": -2.860298, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.876956, "energy": 52.0746, "activity_lines": [ 119.690203, 114.330974, 109.608669, 109.981338 ] }, { "date": "2024-08-09", "close": 114.852669, "volume": 3187412, "typical_volume": 4370672.2, "trend": 111.994521, "fair_value": 268.642879, "relative_strength": -8.438433, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.052594, "energy": 37.659466, "activity_lines": [ 118.615268, 115.199155, 110.318457, 110.157814 ] }, { "date": "2024-08-16", "close": 110.004616, "volume": 2486698, "typical_volume": 4347755.2, "trend": 111.67395, "fair_value": 267.406583, "relative_strength": -13.054336, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.796998, "energy": 25.023373, "activity_lines": [ 115.978293, 114.892887, 110.515888, 110.029433 ] }, { "date": "2024-08-23", "close": 126.582809, "volume": 14300506, "typical_volume": 4911161.95, "trend": 111.794082, "fair_value": 266.270299, "relative_strength": -1.472789, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.315551, "energy": 29.463546, "activity_lines": [ 119.332111, 117.44806, 112.264877, 110.991295 ] }, { "date": "2024-08-30", "close": 165.979492, "volume": 82624921, "typical_volume": 8952811.65, "trend": 113.309718, "fair_value": 265.403143, "relative_strength": 25.955288, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 88.184395, "energy": 73.890938, "activity_lines": [ 134.613547, 126.730202, 117.694462, 114.487128 ] }, { "date": "2024-09-06", "close": 186.144424, "volume": 30626885, "typical_volume": 10407199.15, "trend": 115.301688, "fair_value": 264.671821, "relative_strength": 41.661097, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.503854, "energy": 92.511233, "activity_lines": [ 153.950028, 138.589518, 124.765934, 119.186141 ] }, { "date": "2024-09-13", "close": 179.502792, "volume": 12403155, "typical_volume": 10941507.4, "trend": 116.927454, "fair_value": 263.809364, "relative_strength": 33.374749, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.581595, "energy": 92.247998, "activity_lines": [ 166.880024, 147.700001, 130.813335, 123.328148 ] }, { "date": "2024-09-20", "close": 173.733475, "volume": 9778651, "typical_volume": 11370383.75, "trend": 118.456356, "fair_value": 262.60356, "relative_strength": 26.686462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.83043, "energy": 87.598771, "activity_lines": [ 173.576907, 154.600781, 135.963831, 126.993052 ] }, { "date": "2024-09-27", "close": 170.244141, "volume": 5912790, "typical_volume": 11584019.55, "trend": 120.030219, "fair_value": 261.506508, "relative_strength": 22.140764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.551277, "energy": 86.41013, "activity_lines": [ 174.862088, 159.835175, 140.445343, 130.3342 ] }, { "date": "2024-10-04", "close": 161.867737, "volume": 3871748, "typical_volume": 11690000.5, "trend": 121.443356, "fair_value": 260.287854, "relative_strength": 21.348045, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.537357, "energy": 60.245712, "activity_lines": [ 170.444379, 162.424213, 143.782017, 133.033395 ] }, { "date": "2024-10-11", "close": 166.160019, "volume": 8688335, "typical_volume": 11751742.15, "trend": 123.435664, "fair_value": 259.181521, "relative_strength": 24.594274, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.188887, "energy": 50.15178, "activity_lines": [ 167.731547, 165.141172, 147.246142, 135.918341 ] }, { "date": "2024-10-18", "close": 166.705231, "volume": 10332976, "typical_volume": 12173900.05, "trend": 125.518554, "fair_value": 258.299615, "relative_strength": 25.225688, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.103312, "energy": 39.12614, "activity_lines": [ 166.532747, 167.177174, 150.475931, 138.709926 ] }, { "date": "2024-10-25", "close": 150.031738, "volume": 6974997, "typical_volume": 12422274.75, "trend": 127.044015, "fair_value": 257.395947, "relative_strength": 15.704651, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.255366, "energy": 29.166644, "activity_lines": [ 160.629286, 165.238859, 151.794117, 140.291421 ] }, { "date": "2024-11-01", "close": 163.929611, "volume": 4379191, "typical_volume": 12542446.05, "trend": 128.789184, "fair_value": 256.568537, "relative_strength": 25.464248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.991317, "energy": 27.307066, "activity_lines": [ 160.938565, 165.099663, 154.205292, 142.671137 ] }, { "date": "2024-11-08", "close": 188.176575, "volume": 25061556, "typical_volume": 13644783.0, "trend": 131.479173, "fair_value": 255.509141, "relative_strength": 44.010206, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.057822, "energy": 40.834401, "activity_lines": [ 169.751134, 168.689974, 158.633653, 146.502582 ] }, { "date": "2024-11-15", "close": 181.306931, "volume": 18442926, "typical_volume": 14491593.6, "trend": 134.05866, "fair_value": 254.106856, "relative_strength": 41.512126, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.445797, "energy": 39.140953, "activity_lines": [ 174.5199, 170.627675, 162.016801, 149.717276 ] }, { "date": "2024-11-22", "close": 190.040207, "volume": 16840586, "typical_volume": 14578252.05, "trend": 136.842037, "fair_value": 252.668863, "relative_strength": 44.912954, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.235862, "energy": 46.964249, "activity_lines": [ 181.189963, 174.241199, 165.85106, 153.328988 ] }, { "date": "2024-11-29", "close": 221.156799, "volume": 38535767, "typical_volume": 16130526.95, "trend": 140.779475, "fair_value": 251.573348, "relative_strength": 64.995811, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.971432, "energy": 78.679338, "activity_lines": [ 196.676558, 183.320696, 172.294624, 158.768651 ] }, { "date": "2024-12-06", "close": 215.803818, "volume": 8995663, "typical_volume": 16458762.95, "trend": 144.727729, "fair_value": 250.401584, "relative_strength": 55.616021, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.940727, "energy": 82.96498, "activity_lines": [ 205.637156, 190.564681, 177.73228, 163.608931 ] }, { "date": "2024-12-13", "close": 211.273636, "volume": 7799875, "typical_volume": 16027302.8, "trend": 148.343956, "fair_value": 249.244905, "relative_strength": 50.239077, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.062927, "energy": 81.186711, "activity_lines": [ 209.629413, 196.156639, 182.227584, 167.902215 ] }, { "date": "2024-12-20", "close": 184.389847, "volume": 6177964, "typical_volume": 15871130.1, "trend": 150.955445, "fair_value": 247.876465, "relative_strength": 36.560993, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.622737, "energy": 65.125174, "activity_lines": [ 203.120603, 195.962347, 183.756369, 170.227756 ] }, { "date": "2024-12-27", "close": 191.259491, "volume": 4887401, "typical_volume": 15956129.55, "trend": 154.039476, "fair_value": 246.277928, "relative_strength": 38.985081, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.781763, "energy": 41.87834, "activity_lines": [ 198.696146, 196.685629, 185.648289, 172.828017 ] }, { "date": "2025-01-03", "close": 191.021576, "volume": 6512103, "typical_volume": 16157399.8, "trend": 157.02013, "fair_value": 244.558012, "relative_strength": 36.506897, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.195029, "energy": 27.311891, "activity_lines": [ 194.111098, 196.919213, 187.153709, 175.213959 ] }, { "date": "2025-01-10", "close": 172.771927, "volume": 4650427, "typical_volume": 15674895.85, "trend": 159.35922, "fair_value": 242.662279, "relative_strength": 25.673599, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.298842, "energy": 20.348042, "activity_lines": [ 185.451849, 193.089409, 186.535272, 176.230204 ] }, { "date": "2025-01-17", "close": 161.728958, "volume": 5727511, "typical_volume": 11830025.35, "trend": 161.214358, "fair_value": 240.814674, "relative_strength": 18.241247, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.016057, "energy": 15.855626, "activity_lines": [ 175.980404, 187.091023, 184.645175, 176.383091 ] }, { "date": "2025-01-24", "close": 160.29158, "volume": 5616550, "typical_volume": 10579508.6, "trend": 163.178249, "fair_value": 239.368739, "relative_strength": 17.301384, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.08057, "energy": 19.038757, "activity_lines": [ 169.33281, 181.312161, 182.638426, 176.323557 ] }, { "date": "2025-01-31", "close": 148.247421, "volume": 5773453, "typical_volume": 10248023.5, "trend": 164.264419, "fair_value": 237.573344, "relative_strength": 6.29327, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.723026, "energy": 34.688615, "activity_lines": [ 160.277049, 173.72555, 179.607722, 175.360277 ] }, { "date": "2025-02-07", "close": 140.188232, "volume": 7618988, "typical_volume": 10140040.35, "trend": 165.038175, "fair_value": 235.722269, "relative_strength": 0.246781, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.94681, "energy": 54.366203, "activity_lines": [ 151.402362, 165.4335, 175.958313, 173.806975 ] }, { "date": "2025-02-14", "close": 123.63369, "volume": 6884561, "typical_volume": 10188628.9, "trend": 165.542176, "fair_value": 233.751839, "relative_strength": -9.000346, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.903294, "energy": 70.704626, "activity_lines": [ 140.398384, 155.603689, 170.892019, 171.135718 ] }, { "date": "2025-02-21", "close": 124.377151, "volume": 4042910, "typical_volume": 10197187.0, "trend": 165.488731, "fair_value": 231.927348, "relative_strength": -7.827758, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.558381, "energy": 73.083829, "activity_lines": [ 132.918109, 147.584874, 166.118485, 168.47991 ] }, { "date": "2025-02-28", "close": 110.528831, "volume": 2930824, "typical_volume": 9909311.45, "trend": 165.064514, "fair_value": 229.906315, "relative_strength": -15.46491, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.658964, "energy": 89.816955, "activity_lines": [ 123.311848, 138.628118, 160.204591, 164.93411 ] }, { "date": "2025-03-07", "close": 122.305351, "volume": 5833442, "typical_volume": 9684334.75, "trend": 165.312937, "fair_value": 227.777375, "relative_strength": -8.265694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.822635, "energy": 82.754975, "activity_lines": [ 120.94861, 133.155475, 155.67718, 162.175454 ] }, { "date": "2025-03-14", "close": 110.66761, "volume": 2547144, "typical_volume": 9462942.1, "trend": 165.335037, "fair_value": 225.504192, "relative_strength": -16.448931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.193881, "energy": 83.363779, "activity_lines": [ 116.435596, 126.820591, 150.252842, 158.649949 ] }, { "date": "2025-03-21", "close": 124.714188, "volume": 5590168, "typical_volume": 9523490.95, "trend": 165.272749, "fair_value": 222.772117, "relative_strength": -9.870773, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.400981, "energy": 71.135554, "activity_lines": [ 118.572816, 124.500612, 146.35372, 156.029249 ] }, { "date": "2025-03-28", "close": 121.670929, "volume": 6419213, "typical_volume": 8591373.8, "trend": 163.795797, "fair_value": 219.709827, "relative_strength": -12.844047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.219676, "energy": 53.620791, "activity_lines": [ 119.623584, 122.50109, 142.351505, 153.216229 ] }, { "date": "2025-04-04", "close": 114.741814, "volume": 2643910, "typical_volume": 7801423.0, "trend": 161.41571, "fair_value": 216.335585, "relative_strength": -15.615672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.854776, "energy": 54.23133, "activity_lines": [ 118.545061, 119.970056, 138.006067, 150.051456 ] }, { "date": "2025-04-11", "close": 114.9599, "volume": 3190901, "typical_volume": 7118938.75, "trend": 159.26428, "fair_value": 212.949821, "relative_strength": -15.246447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.811951, "energy": 50.700806, "activity_lines": [ 117.258369, 118.306852, 133.998376, 147.054306 ] }, { "date": "2025-04-18", "close": 129.53186, "volume": 4401244, "typical_volume": 5412212.6, "trend": 157.790893, "fair_value": 210.021427, "relative_strength": -8.81751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.27968, "energy": 40.30532, "activity_lines": [ 121.318693, 119.898323, 131.736017, 145.136086 ] }, { "date": "2025-04-25", "close": 135.033524, "volume": 27378244, "typical_volume": 6331341.65, "trend": 156.617206, "fair_value": 207.266953, "relative_strength": -5.949614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.784067, "energy": 31.47461, "activity_lines": [ 125.955288, 122.683849, 130.433934, 143.667868 ] }, { "date": "2025-05-02", "close": 131.841568, "volume": 5351738, "typical_volume": 6208934.8, "trend": 155.616334, "fair_value": 204.726466, "relative_strength": -9.573963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.34277, "energy": 23.312666, "activity_lines": [ 128.839942, 124.681749, 129.212476, 142.06944 ] }, { "date": "2025-05-09", "close": 127.965622, "volume": 5020476, "typical_volume": 6151060.4, "trend": 154.343187, "fair_value": 202.784751, "relative_strength": -11.25517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.616617, "energy": 23.435368, "activity_lines": [ 129.754572, 125.839216, 128.000129, 140.285523 ] }, { "date": "2025-05-16", "close": 138.136261, "volume": 8574365, "typical_volume": 6335408.6, "trend": 153.390888, "fair_value": 200.704035, "relative_strength": -8.353418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.009161, "energy": 18.66623, "activity_lines": [ 133.177827, 128.528857, 128.0251, 139.239915 ] }, { "date": "2025-05-23", "close": 136.074371, "volume": 3982420, "typical_volume": 6208924.45, "trend": 152.925643, "fair_value": 198.902847, "relative_strength": -9.36365, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.784686, "energy": 15.816882, "activity_lines": [ 134.368695, 130.555774, 128.106669, 138.12272 ] }, { "date": "2025-05-30", "close": 134.835266, "volume": 2736224, "typical_volume": 6113214.3, "trend": 151.955831, "fair_value": 196.785216, "relative_strength": -10.122056, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.4164, "energy": 14.304073, "activity_lines": [ 134.710361, 131.895458, 128.331881, 136.955599 ] }, { "date": "2025-06-06", "close": 133.536682, "volume": 2207007, "typical_volume": 5937189.1, "trend": 150.134501, "fair_value": 194.975638, "relative_strength": -12.158717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.718404, "energy": 14.155033, "activity_lines": [ 134.632382, 132.815016, 128.614069, 135.767267 ] }, { "date": "2025-06-13", "close": 132.971634, "volume": 8011302, "typical_volume": 6056926.7, "trend": 148.523325, "fair_value": 193.383967, "relative_strength": -11.804778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.549707, "energy": 10.348269, "activity_lines": [ 134.253047, 133.416097, 128.976692, 134.659985 ] }, { "date": "2025-06-20", "close": 124.515938, "volume": 3270135, "typical_volume": 5931760.8, "trend": 146.339182, "fair_value": 191.673178, "relative_strength": -18.822047, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.406406, "energy": 20.246488, "activity_lines": [ 130.721412, 132.148328, 128.664106, 133.111122 ] }, { "date": "2025-06-27", "close": 130.146454, "volume": 2261778, "typical_volume": 5663900.3, "trend": 143.305504, "fair_value": 189.914345, "relative_strength": -17.112998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.567331, "energy": 18.605241, "activity_lines": [ 129.974637, 131.730543, 129.000766, 132.06643 ] }, { "date": "2025-07-04", "close": 127.925972, "volume": 1991021, "typical_volume": 5419223.3, "trend": 140.376243, "fair_value": 188.101574, "relative_strength": -18.030732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.67458, "energy": 21.714212, "activity_lines": [ 128.882896, 130.897859, 129.17377, 131.074202 ] }, { "date": "2025-07-11", "close": 125.874001, "volume": 1792434, "typical_volume": 5306699.5, "trend": 137.529588, "fair_value": 186.509782, "relative_strength": -18.406797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.874717, "energy": 25.968348, "activity_lines": [ 127.567784, 129.821318, 129.130908, 130.138573 ] }, { "date": "2025-07-18", "close": 123.79229, "volume": 1593565, "typical_volume": 5239836.55, "trend": 135.50967, "fair_value": 184.95916, "relative_strength": -19.308238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.301621, "energy": 30.627573, "activity_lines": [ 126.069614, 128.474785, 128.882661, 129.252296 ] }, { "date": "2025-07-25", "close": 119.103493, "volume": 1711275, "typical_volume": 5033728.2, "trend": 133.10447, "fair_value": 183.417558, "relative_strength": -21.886013, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.8985, "energy": 51.440766, "activity_lines": [ 123.620468, 126.351623, 128.124702, 128.193833 ] }, { "date": "2025-08-01", "close": 112.342896, "volume": 1162985, "typical_volume": 4964520.25, "trend": 130.481847, "fair_value": 181.916439, "relative_strength": -25.408602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.659435, "energy": 70.238085, "activity_lines": [ 119.27862, 123.345311, 126.738123, 126.854377 ] }, { "date": "2025-08-08", "close": 115.515022, "volume": 3431458, "typical_volume": 4856584.75, "trend": 128.573284, "fair_value": 180.460233, "relative_strength": -22.673157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.212619, "energy": 70.149617, "activity_lines": [ 117.18105, 121.347231, 125.645675, 125.888775 ] }, { "date": "2025-08-15", "close": 108.308342, "volume": 1165745, "typical_volume": 4593911.35, "trend": 126.792596, "fair_value": 178.908988, "relative_strength": -28.267054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.763848, "energy": 81.095376, "activity_lines": [ 113.508651, 118.390123, 123.910681, 124.581359 ] }, { "date": "2025-08-22", "close": 111.460648, "volume": 2689538, "typical_volume": 4596192.75, "trend": 125.164899, "fair_value": 177.43152, "relative_strength": -26.746139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.334052, "energy": 76.868421, "activity_lines": [ 112.058064, 116.464858, 122.539538, 123.592201 ] }, { "date": "2025-08-29", "close": 106.345589, "volume": 952060, "typical_volume": 4484250.7, "trend": 123.768171, "fair_value": 175.917481, "relative_strength": -28.338737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.254561, "energy": 78.684056, "activity_lines": [ 109.724567, 114.000691, 120.696872, 122.378052 ] }, { "date": "2025-09-05", "close": 113.540001, "volume": 1801365, "typical_volume": 4354256.75, "trend": 122.879897, "fair_value": 174.295468, "relative_strength": -23.762182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.551001, "energy": 63.352585, "activity_lines": [ 110.639734, 113.174969, 119.580408, 121.71817 ] }, { "date": "2025-09-12", "close": 110.169998, "volume": 1979802, "typical_volume": 3084334.65, "trend": 122.431107, "fair_value": 172.881888, "relative_strength": -26.491431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.934129, "energy": 49.233664, "activity_lines": [ 110.35176, 112.038455, 118.219143, 120.898177 ] }, { "date": "2025-09-19", "close": 112.290001, "volume": 1893314, "typical_volume": 2911413.45, "trend": 122.028202, "fair_value": 171.57927, "relative_strength": -25.151776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.875057, "energy": 45.459722, "activity_lines": [ 111.126788, 111.610232, 117.178181, 120.243912 ] }, { "date": "2025-09-26", "close": 105.5, "volume": 1491388, "typical_volume": 2734959.05, "trend": 121.860574, "fair_value": 170.274406, "relative_strength": -27.234604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.801694, "energy": 49.315675, "activity_lines": [ 109.373039, 110.194445, 115.583655, 119.177576 ] }, { "date": "2025-10-03", "close": 109.470001, "volume": 1301910, "typical_volume": 2371336.3, "trend": 121.432729, "fair_value": 168.956862, "relative_strength": -24.712461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.85357, "energy": 43.953147, "activity_lines": [ 109.34, 109.833064, 114.474204, 118.378185 ] }, { "date": "2025-10-10", "close": 106.93, "volume": 933239, "typical_volume": 2218877.25, "trend": 121.308142, "fair_value": 167.791623, "relative_strength": -27.013601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.402803, "energy": 46.190461, "activity_lines": [ 108.252, 109.185018, 113.259353, 117.442525 ] }, { "date": "2025-10-17", "close": 105.040001, "volume": 843564, "typical_volume": 2124244.25, "trend": 120.652336, "fair_value": 166.685802, "relative_strength": -28.868471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.203418, "energy": 55.64462, "activity_lines": [ 106.974667, 108.291753, 112.003285, 116.392967 ] }, { "date": "2025-10-24", "close": 106.82, "volume": 980000, "typical_volume": 2062893.9, "trend": 120.157305, "fair_value": 165.641179, "relative_strength": -27.400711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.611343, "energy": 44.573299, "activity_lines": [ 106.632667, 107.912579, 111.058624, 115.500558 ] }, { "date": "2025-10-31", "close": 104.470001, "volume": 2081358, "typical_volume": 1766396.7, "trend": 119.814911, "fair_value": 164.45765, "relative_strength": -28.146172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.420386, "energy": 48.810794, "activity_lines": [ 105.872001, 107.133193, 110.017375, 114.488474 ] }, { "date": "2025-11-07", "close": 100.589996, "volume": 1174192, "typical_volume": 1661599.55, "trend": 119.335914, "fair_value": 163.185596, "relative_strength": -29.265433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.455676, "energy": 59.953552, "activity_lines": [ 103.886666, 105.775454, 108.742324, 113.248157 ] }, { "date": "2025-11-14", "close": 101.050003, "volume": 2196500, "typical_volume": 1658335.65, "trend": 118.386519, "fair_value": 161.894748, "relative_strength": -29.158536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.870861, "energy": 54.885701, "activity_lines": [ 102.646667, 104.606, 107.625016, 112.068421 ] }, { "date": "2025-11-21", "close": 97.220001, "volume": 1119793, "typical_volume": 1614774.25, "trend": 117.126068, "fair_value": 160.561386, "relative_strength": -31.243483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.981613, "energy": 71.600674, "activity_lines": [ 100.522, 102.967273, 106.2815, 110.702839 ] }, { "date": "2025-11-28", "close": 96.169998, "volume": 907163, "typical_volume": 1570510.7, "trend": 115.937016, "fair_value": 159.025921, "relative_strength": -30.991642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.797892, "energy": 79.001666, "activity_lines": [ 98.568666, 101.373091, 104.984204, 109.350835 ] }, { "date": "2025-12-05", "close": 91.330002, "volume": 910619, "typical_volume": 1536363.4, "trend": 114.715829, "fair_value": 157.536634, "relative_strength": -33.152659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.422263, "energy": 88.132916, "activity_lines": [ 95.712, 99.192, 103.367403, 107.763285 ] }, { "date": "2025-12-12", "close": 88.120003, "volume": 1528582, "typical_volume": 1527228.75, "trend": 113.04862, "fair_value": 156.080655, "relative_strength": -33.902805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.610319, "energy": 92.237308, "activity_lines": [ 92.661335, 96.68491, 101.59947, 106.047426 ] }, { "date": "2025-12-19", "close": 86.800003, "volume": 1231566, "typical_volume": 1530657.8, "trend": 111.406141, "fair_value": 154.746043, "relative_strength": -33.574234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.485613, "energy": 90.956951, "activity_lines": [ 90.002002, 94.326001, 99.853363, 104.353966 ] }, { "date": "2025-12-26", "close": 92.989998, "volume": 25951388, "typical_volume": 2656654.3, "trend": 110.011299, "fair_value": 153.374537, "relative_strength": -27.814055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.56087, "energy": 72.452366, "activity_lines": [ 90.356001, 93.458546, 98.818412, 103.165828 ] }, { "date": "2026-01-02", "close": 92.650002, "volume": 1699028, "typical_volume": 2683318.45, "trend": 108.64841, "fair_value": 152.030158, "relative_strength": -27.610776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.079634, "energy": 58.484779, "activity_lines": [ 90.878668, 92.748365, 97.858343, 102.045744 ] }, { "date": "2026-01-09", "close": 85.330002, "volume": 1238306, "typical_volume": 2610756.85, "trend": 107.060355, "fair_value": 150.593478, "relative_strength": -30.541927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.872374, "energy": 61.037834, "activity_lines": [ 89.196001, 90.96491, 96.275694, 100.541331 ] }, { "date": "2026-01-16", "close": 83.0, "volume": 1336500, "typical_volume": 2629978.85, "trend": 105.676491, "fair_value": 149.179362, "relative_strength": -31.436696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.990881, "energy": 60.437732, "activity_lines": [ 87.136668, 89.105819, 94.595572, 98.98905 ] }, { "date": "2026-01-23", "close": 73.940002, "volume": 1997129, "typical_volume": 2639767.05, "trend": 103.802942, "fair_value": 147.73994, "relative_strength": -36.309188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.092901, "energy": 76.260764, "activity_lines": [ 82.398668, 85.919274, 92.163763, 96.941535 ] }, { "date": "2026-01-30", "close": 74.699997, "volume": 2409357, "typical_volume": 2661244.8, "trend": 102.028743, "fair_value": 146.223776, "relative_strength": -35.446843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.688192, "energy": 88.291361, "activity_lines": [ 78.771333, 83.363819, 89.992905, 95.063925 ] }, { "date": "2026-02-06", "close": 76.480003, "volume": 1955173, "typical_volume": 2664337.75, "trend": 100.382276, "fair_value": 144.48741, "relative_strength": -34.042888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.263333, "energy": 85.595867, "activity_lines": [ 76.956667, 81.541455, 88.160477, 93.41562 ] }, { "date": "2026-02-13", "close": 75.75, "volume": 2196495, "typical_volume": 2699593.1, "trend": 98.780867, "fair_value": 142.750461, "relative_strength": -33.415464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.60881, "energy": 84.5971, "activity_lines": [ 75.976667, 79.944364, 86.429048, 91.82644 ] }, { "date": "2026-02-20", "close": 73.860001, "volume": 1765689, "typical_volume": 2722782.05, "trend": 97.27275, "fair_value": 141.067886, "relative_strength": -34.608106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.122452, "energy": 72.019581, "activity_lines": [ 75.005334, 78.28691, 84.659286, 90.218643 ] }, { "date": "2026-02-27", "close": 71.400002, "volume": 1152281, "typical_volume": 2733734.15, "trend": 95.907987, "fair_value": 139.356622, "relative_strength": -35.190931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.829939, "energy": 66.279603, "activity_lines": [ 73.823334, 76.441455, 82.82481, 88.549433 ] }, { "date": "2026-03-06", "close": 65.190002, "volume": 1645510, "typical_volume": 2773831.45, "trend": 94.230487, "fair_value": 137.52299, "relative_strength": -38.317976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.28663, "energy": 71.215996, "activity_lines": [ 70.740668, 73.74691, 80.568096, 86.567628 ] }, { "date": "2026-03-13", "close": 63.98, "volume": 2847420, "typical_volume": 2867202.45, "trend": 92.752875, "fair_value": 135.744625, "relative_strength": -35.439782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.595553, "energy": 74.699734, "activity_lines": [ 67.888668, 71.337819, 78.385906, 84.615983 ] }, { "date": "2026-03-20", "close": 59.709999, "volume": 6012972, "typical_volume": 3063783.15, "trend": 91.027854, "fair_value": 134.056112, "relative_strength": -38.896071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.564492, "energy": 82.877924, "activity_lines": [ 64.446667, 68.673637, 76.001048, 82.484185 ] }, { "date": "2026-03-27", "close": 54.080002, "volume": 4497571, "typical_volume": 3229952.1, "trend": 89.285667, "fair_value": 132.346004, "relative_strength": -43.218222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.709243, "energy": 94.241361, "activity_lines": [ 60.197334, 65.451637, 73.293144, 80.100452 ] }, { "date": "2026-04-03", "close": 57.939999, "volume": 2644400, "typical_volume": 3252347.1, "trend": 87.432334, "fair_value": 130.489532, "relative_strength": -38.179807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.335526, "energy": 84.542727, "activity_lines": [ 58.553333, 63.457273, 71.174334, 78.078151 ] }, { "date": "2026-04-10", "close": 65.230003, "volume": 4185078, "typical_volume": 3405611.35, "trend": 85.934334, "fair_value": 128.576116, "relative_strength": -33.552543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.865271, "energy": 65.46072, "activity_lines": [ 60.236668, 63.079274, 69.955096, 76.645743 ] }, { "date": "2026-04-17", "close": 72.019997, "volume": 3977493, "typical_volume": 3559127.85, "trend": 84.592001, "fair_value": 126.758535, "relative_strength": -26.694176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.201134, "energy": 47.035027, "activity_lines": [ 64.180666, 64.108, 69.534858, 75.748044 ] }, { "date": "2026-04-24", "close": 68.379997, "volume": 2571350, "typical_volume": 3642164.4, "trend": 83.354667, "fair_value": 124.922663, "relative_strength": -28.12807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.332251, "energy": 31.967896, "activity_lines": [ 66.375332, 64.556, 68.882953, 74.702108 ] }, { "date": "2026-05-01", "close": 69.889999, "volume": 1793299, "typical_volume": 3655400.25, "trend": 82.035334, "fair_value": 123.087647, "relative_strength": -25.950621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.008469, "energy": 27.587012, "activity_lines": [ 68.495332, 65.412545, 68.484143, 73.83342 ] }, { "date": "2026-05-08", "close": 74.889999, "volume": 2640257, "typical_volume": 3725834.8, "trend": 80.967334, "fair_value": 121.266406, "relative_strength": -20.37001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.342179, "energy": 25.069323, "activity_lines": [ 71.227999, 67.250363, 68.648333, 73.37243 ] }, { "date": "2026-05-15", "close": 63.709999, "volume": 3268609, "typical_volume": 2591695.85, "trend": 79.589667, "fair_value": 119.240518, "relative_strength": -29.74991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.23469, "energy": 22.657755, "activity_lines": [ 69.103999, 66.991999, 67.804476, 72.259054 ] }, { "date": "2026-05-22", "close": 66.120003, "volume": 1867964, "typical_volume": 2600142.65, "trend": 78.233, "fair_value": 117.114116, "relative_strength": -26.332901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.211755, "energy": 18.184317, "activity_lines": [ 67.884667, 67.198727, 67.329571, 71.390043 ] }, { "date": "2026-05-29", "close": 67.949997, "volume": 1683481, "typical_volume": 2622401.4, "trend": 77.015667, "fair_value": 115.084841, "relative_strength": -22.73646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.621966, "energy": 18.384212, "activity_lines": [ 67.668666, 67.699272, 67.155285, 70.726624 ] }, { "date": "2026-06-05", "close": 93.589996, "volume": 1978992, "typical_volume": 2654526.0, "trend": 76.782334, "fair_value": 115.067461, "relative_strength": 7.985023, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 19.61306, "energy": 20.618254, "activity_lines": [ 76.027998, 72.711817, 69.505666, 71.795935 ] }, { "date": "2026-06-12", "close": 87.269997, "volume": 811591, "typical_volume": 2595249.1, "trend": 76.323, "fair_value": 115.077318, "relative_strength": 0.478763, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.400755, "energy": 49.289921, "activity_lines": [ 80.700664, 75.856907, 71.203713, 72.472559 ] }, { "date": "2026-06-19", "close": 94.910004, "volume": 1360229, "typical_volume": 2542792.7, "trend": 76.246, "fair_value": 115.143083, "relative_strength": 8.068057, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.20677, "energy": 67.453307, "activity_lines": [ 87.094666, 79.857817, 73.565904, 73.67172 ] }, { "date": "2026-06-26", "close": 100.379997, "volume": 0, "typical_volume": 2445034.05, "trend": 76.386334, "fair_value": 115.252735, "relative_strength": 14.637223, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.901365, "energy": 79.20468, "activity_lines": [ 93.231999, 84.313635, 76.352809, 75.228752 ] }, { "date": "2026-07-03", "close": 103.480003, "volume": 1185187, "typical_volume": 2394468.65, "trend": 76.791334, "fair_value": 115.392658, "relative_strength": 17.604134, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 80.670266, "energy": 91.701348, "activity_lines": [ 98.118667, 88.817454, 79.321142, 76.976731 ] }, { "date": "2026-07-10", "close": 100.82, "volume": 12490847, "typical_volume": 2930726.55, "trend": 77.214667, "fair_value": 115.525928, "relative_strength": 15.397973, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.518824, "energy": 87.814123, "activity_lines": [ 99.750001, 92.199454, 81.904095, 78.526968 ] }, { "date": "2026-07-17", "close": 97.169998, "volume": 4899394, "typical_volume": 3118082.2, "trend": 77.560333, "fair_value": 115.635801, "relative_strength": 11.209633, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.924032, "energy": 82.683837, "activity_lines": [ 99.682666, 94.355454, 84.011047, 79.814408 ] }, { "date": "2026-07-24", "close": 94.620003, "volume": 3088705, "typical_volume": 3190241.95, "trend": 77.614667, "fair_value": 115.726176, "relative_strength": 11.359621, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.744364, "energy": 57.165136, "activity_lines": [ 98.105334, 95.642727, 85.752428, 80.915032 ] }, { "date": "2026-07-31", "close": 95.760002, "volume": 2148912, "typical_volume": 3155316.55, "trend": 77.718333, "fair_value": 115.798965, "relative_strength": 10.236519, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.604086, "energy": 48.4041, "activity_lines": [ 96.927335, 96.575273, 87.462238, 82.085699 ] }, { "date": "2026-08-07", "close": 95.07, "volume": 2194515, "typical_volume": 2964393.7, "trend": 78.043, "fair_value": 115.914598, "relative_strength": 9.122758, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.518455, "energy": 38.222529, "activity_lines": [ 95.827334, 96.843455, 88.955, 83.205161 ] } ], "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." } } }