{ "ticker": { "uuid": "835d0572-3dbe-4eae-8201-10bcb45347c5", "symbol": "3555", "name": "BaaS Innovation Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 91.861, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -30.59, "architecture_energy": 33.603, "architecture_maturity": 11.029, "architecture_confidence": 58.818, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 37.73, "rotation_up": 20.88, "upward_expansion": 12.18, "deceleration": 52.59, "rotation_down": 56.79, "downward_expansion": 51.51 }, "activity_lines": [ 154.7, 161.790909, 182.209524, 183.218925 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 162.0, "trend_reference": 172.866667, "distance_from_trend": -0.062862, "trend_direction": "Improving", "fair_value": 65.273397, "distance_from_fair_value": 1.481869, "fair_value_direction": "Weakening", "relative_strength": -2.786918, "relative_strength_direction": "Weakening", "price_momentum": 0.521127, "excess_performance": 0.079755, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.062862, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.219289, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.481869, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.394589, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.027869, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.707055, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.521127, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.85501, "read": "Supply-led" } ], "volume": { "latest": 234215, "relative_activity": 0.202206, "balance": 0.85501, "dry_up": 0.330509, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.208452, "annualized_volatility": 1.107201, "from_high_reference": -0.424512, "from_low_reference": 2.811765 }, "levels": { "trend_reference": 172.866667, "fair_value_reference": 65.273397, "structural_low": 106.5, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.122258, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.143778, "regime_survival": 0.0, "best_return": 0.264901, "worst_return": 0.06689, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.086957, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.054973, "regime_survival": 0.0, "best_return": 0.149007, "worst_return": -0.072347, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.046823, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.079689, "regime_survival": 0.0, "best_return": 0.311258, "worst_return": -0.179797, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.154246, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.23312, "regime_survival": 0.0, "best_return": 0.082781, "worst_return": -0.391272, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-09-20", "tenure": "Developing", "return": -0.014785, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": -0.078212, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": 0.095318, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2024-11-22", "tenure": "New", "return": 0.050459, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-29", "end": "2024-11-29", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": 0.041667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-21", "tenure": "Developing", "return": -0.134478, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-07-04", "tenure": "Established", "return": -0.046053, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": 0.061995, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-11-21", "tenure": "Established", "return": 0.418182, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.207194, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-06-05", "tenure": "Established", "return": 1.582857, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-07-24", "tenure": "Developing", "return": -0.201005, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.144876, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 40.5, "volume": 13000, "typical_volume": 30800.0, "trend": 30.94, "fair_value": 36.584419, "relative_strength": 33.660729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.060793, "energy": 69.73686, "activity_lines": [ 39.246666, 38.614545, 35.155238, 33.109678 ] }, { "date": "2023-08-18", "close": 37.950001, "volume": 47000, "typical_volume": 30750.0, "trend": 31.283334, "fair_value": 36.551942, "relative_strength": 25.840924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.282045, "energy": 62.097169, "activity_lines": [ 38.963333, 38.647273, 35.677619, 33.561936 ] }, { "date": "2023-08-25", "close": 37.200001, "volume": 28000, "typical_volume": 31350.0, "trend": 31.59, "fair_value": 36.488271, "relative_strength": 21.738681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.192615, "energy": 47.870711, "activity_lines": [ 38.426667, 38.440909, 36.081191, 33.943656 ] }, { "date": "2023-09-01", "close": 38.0, "volume": 34000, "typical_volume": 31950.0, "trend": 31.833334, "fair_value": 36.440282, "relative_strength": 22.241584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.023657, "energy": 39.650566, "activity_lines": [ 38.176667, 38.374546, 36.516905, 34.357205 ] }, { "date": "2023-09-08", "close": 35.549999, "volume": 116000, "typical_volume": 37050.0, "trend": 32.021667, "fair_value": 36.366473, "relative_strength": 14.276838, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.147698, "energy": 25.529255, "activity_lines": [ 37.183333, 37.853636, 36.669286, 34.596989 ] }, { "date": "2023-09-15", "close": 36.0, "volume": 46000, "typical_volume": 38800.0, "trend": 32.34, "fair_value": 36.298188, "relative_strength": 12.799723, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.959482, "energy": 26.855841, "activity_lines": [ 36.57, 37.468182, 36.82381, 34.853656 ] }, { "date": "2023-09-22", "close": 36.0, "volume": 55000, "typical_volume": 40650.0, "trend": 32.645, "fair_value": 36.243096, "relative_strength": 16.271303, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.044098, "energy": 24.532292, "activity_lines": [ 36.256667, 37.128182, 36.937143, 35.089785 ] }, { "date": "2023-09-29", "close": 35.5, "volume": 4000, "typical_volume": 40300.0, "trend": 32.931667, "fair_value": 36.174684, "relative_strength": 14.087198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.190733, "energy": 23.476333, "activity_lines": [ 35.906667, 36.731818, 36.959286, 35.273979 ] }, { "date": "2023-10-06", "close": 39.150002, "volume": 88000, "typical_volume": 43500.0, "trend": 33.333334, "fair_value": 36.132748, "relative_strength": 23.943646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.101382, "energy": 24.088755, "activity_lines": [ 36.886667, 37.035455, 37.287143, 35.675162 ] }, { "date": "2023-10-13", "close": 35.099998, "volume": 68000, "typical_volume": 45850.0, "trend": 33.606667, "fair_value": 36.092996, "relative_strength": 9.082218, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.586836, "energy": 10.348714, "activity_lines": [ 36.44, 36.601818, 37.169048, 35.78914 ] }, { "date": "2023-10-20", "close": 30.6, "volume": 47000, "typical_volume": 47850.0, "trend": 33.678333, "fair_value": 35.991855, "relative_strength": -3.024203, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -20.180552, "energy": 23.345312, "activity_lines": [ 34.523333, 35.420909, 36.583095, 35.595161 ] }, { "date": "2023-10-27", "close": 30.6, "volume": 42000, "typical_volume": 46500.0, "trend": 33.765, "fair_value": 35.890713, "relative_strength": -1.308714, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.931999, "energy": 47.274878, "activity_lines": [ 32.966667, 34.42, 35.979524, 35.396559 ] }, { "date": "2023-11-03", "close": 30.200001, "volume": 22000, "typical_volume": 39050.0, "trend": 33.84, "fair_value": 35.790086, "relative_strength": -4.948316, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.038503, "energy": 63.13339, "activity_lines": [ 31.636667, 33.48, 35.345952, 35.166559 ] }, { "date": "2023-11-10", "close": 33.200001, "volume": 305000, "typical_volume": 53000.0, "trend": 34.03, "fair_value": 35.713087, "relative_strength": 2.949586, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.543803, "energy": 60.696271, "activity_lines": [ 31.66, 33.212728, 35.03, 35.125269 ] }, { "date": "2023-11-17", "close": 31.200001, "volume": 42000, "typical_volume": 52850.0, "trend": 34.17, "fair_value": 35.636901, "relative_strength": -6.439878, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.213265, "energy": 58.204909, "activity_lines": [ 31.413334, 32.669091, 34.544048, 34.942688 ] }, { "date": "2023-11-24", "close": 32.599998, "volume": 33000, "typical_volume": 53600.0, "trend": 34.345, "fair_value": 35.566611, "relative_strength": -3.047133, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.284222, "energy": 34.655095, "activity_lines": [ 31.893333, 32.459091, 34.226191, 34.841398 ] }, { "date": "2023-12-01", "close": 38.200001, "volume": 184000, "typical_volume": 61500.0, "trend": 34.723333, "fair_value": 35.518585, "relative_strength": 11.832993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 13.856557, "energy": 13.754898, "activity_lines": [ 34.106667, 33.329091, 34.469762, 35.090108 ] }, { "date": "2023-12-08", "close": 35.700001, "volume": 396000, "typical_volume": 80000.0, "trend": 35.023333, "fair_value": 35.469926, "relative_strength": 4.36563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 5.173887, "energy": 13.503584, "activity_lines": [ 34.98, 33.704546, 34.47381, 35.153118 ] }, { "date": "2023-12-15", "close": 33.0, "volume": 98000, "typical_volume": 84300.0, "trend": 35.24, "fair_value": 35.415834, "relative_strength": -5.299151, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -30.055305, "energy": 22.658759, "activity_lines": [ 34.586667, 33.585455, 34.229286, 35.022581 ] }, { "date": "2023-12-22", "close": 32.099998, "volume": 47000, "typical_volume": 85750.0, "trend": 35.415, "fair_value": 35.356412, "relative_strength": -7.390721, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.182885, "energy": 22.650615, "activity_lines": [ 33.906666, 33.414545, 33.928095, 34.82 ] }, { "date": "2023-12-29", "close": 32.099998, "volume": 43000, "typical_volume": 87250.0, "trend": 35.588333, "fair_value": 35.292152, "relative_strength": -8.998373, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.298733, "energy": 26.362643, "activity_lines": [ 33.166666, 33.298181, 33.659762, 34.606129 ] }, { "date": "2024-01-05", "close": 30.6, "volume": 71000, "typical_volume": 88450.0, "trend": 35.531667, "fair_value": 35.211241, "relative_strength": -10.965685, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.707723, "energy": 48.711744, "activity_lines": [ 31.959999, 32.881818, 33.288571, 34.284301 ] }, { "date": "2024-01-12", "close": 34.75, "volume": 711000, "typical_volume": 122600.0, "trend": 35.46, "fair_value": 35.149895, "relative_strength": 1.11667, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.304804, "energy": 27.976656, "activity_lines": [ 32.643333, 33.22, 33.347619, 34.233871 ] }, { "date": "2024-01-19", "close": 35.0, "volume": 575165, "typical_volume": 149658.25, "trend": 35.376667, "fair_value": 35.068163, "relative_strength": 0.759661, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.393041, "energy": 14.53366, "activity_lines": [ 33.473333, 33.520909, 33.442143, 34.204193 ] }, { "date": "2024-01-26", "close": 33.900002, "volume": 169000, "typical_volume": 152308.25, "trend": 35.223333, "fair_value": 34.995651, "relative_strength": -4.115594, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.526914, "energy": 8.953524, "activity_lines": [ 33.803334, 33.589091, 33.446191, 34.108925 ] }, { "date": "2024-02-02", "close": 34.700001, "volume": 193000, "typical_volume": 159658.25, "trend": 35.096667, "fair_value": 34.92387, "relative_strength": -2.161267, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.778658, "energy": 11.668047, "activity_lines": [ 34.280001, 33.753637, 33.534286, 34.075161 ] }, { "date": "2024-02-09", "close": 34.950001, "volume": 18000, "typical_volume": 157808.25, "trend": 34.998333, "fair_value": 34.863807, "relative_strength": -1.66575, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.225062, "energy": 10.747733, "activity_lines": [ 34.666668, 33.925455, 33.652381, 34.065699 ] }, { "date": "2024-02-16", "close": 34.5, "volume": 79000, "typical_volume": 161558.25, "trend": 34.898333, "fair_value": 34.815371, "relative_strength": -5.73275, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.633834, "energy": 9.889533, "activity_lines": [ 34.613334, 34.074546, 33.732619, 34.033549 ] }, { "date": "2024-02-23", "close": 31.700001, "volume": 128000, "typical_volume": 163558.25, "trend": 34.651667, "fair_value": 34.752066, "relative_strength": -14.631498, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.939664, "energy": 13.617108, "activity_lines": [ 33.643334, 33.736364, 33.550953, 33.827205 ] }, { "date": "2024-03-01", "close": 30.85, "volume": 47000, "typical_volume": 162508.25, "trend": 34.38, "fair_value": 34.683312, "relative_strength": -17.049149, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.734051, "energy": 31.368245, "activity_lines": [ 32.61, 33.267273, 33.32381, 33.581936 ] }, { "date": "2024-03-08", "close": 30.0, "volume": 83000, "typical_volume": 164308.25, "trend": 34.03, "fair_value": 34.602072, "relative_strength": -22.624039, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.689216, "energy": 50.938409, "activity_lines": [ 31.496667, 32.666364, 33.035953, 33.299355 ] }, { "date": "2024-03-15", "close": 27.299999, "volume": 116000, "typical_volume": 168008.25, "trend": 33.675, "fair_value": 34.502646, "relative_strength": -28.973479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.333932, "energy": 71.85324, "activity_lines": [ 29.796666, 31.612727, 32.49381, 32.865161 ] }, { "date": "2024-03-22", "close": 23.200001, "volume": 156000, "typical_volume": 174708.25, "trend": 33.208333, "fair_value": 34.375178, "relative_strength": -40.896518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.830673, "energy": 85.372885, "activity_lines": [ 27.24, 29.873637, 31.576905, 32.189355 ] }, { "date": "2024-03-29", "close": 23.15, "volume": 318000, "typical_volume": 175358.25, "trend": 32.713333, "fair_value": 34.269379, "relative_strength": -40.850062, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.391918, "energy": 88.642089, "activity_lines": [ 25.42, 28.335455, 30.688572, 31.54043 ] }, { "date": "2024-04-05", "close": 30.700001, "volume": 915000, "typical_volume": 219008.25, "trend": 32.551667, "fair_value": 34.191747, "relative_strength": -21.525834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.087489, "energy": 72.131526, "activity_lines": [ 26.686667, 28.385455, 30.567143, 31.410538 ] }, { "date": "2024-04-12", "close": 37.200001, "volume": 2016000, "typical_volume": 318158.25, "trend": 32.591667, "fair_value": 34.146107, "relative_strength": -6.80325, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.854519, "energy": 17.931445, "activity_lines": [ 30.130001, 29.675455, 31.067143, 31.71043 ] }, { "date": "2024-04-19", "close": 31.799999, "volume": 580000, "typical_volume": 337958.25, "trend": 32.451667, "fair_value": 34.073327, "relative_strength": -15.311162, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.015825, "energy": 18.963171, "activity_lines": [ 31.293334, 29.938182, 31.030953, 31.659355 ] }, { "date": "2024-04-26", "close": 34.349998, "volume": 347000, "typical_volume": 335508.25, "trend": 32.413333, "fair_value": 34.029648, "relative_strength": -11.175051, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 8.492569, "energy": 23.259838, "activity_lines": [ 33.006666, 30.721818, 31.268095, 31.781828 ] }, { "date": "2024-05-03", "close": 39.599998, "volume": 420000, "typical_volume": 351608.25, "trend": 32.428333, "fair_value": 33.980041, "relative_strength": 1.1118, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.696427, "energy": 39.280622, "activity_lines": [ 35.726665, 32.462727, 32.011667, 32.245484 ] }, { "date": "2024-05-10", "close": 36.099998, "volume": 961000, "typical_volume": 397308.25, "trend": 32.461667, "fair_value": 33.933507, "relative_strength": -9.528516, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.169397, "energy": 41.549838, "activity_lines": [ 36.183332, 33.423635, 32.390476, 32.482365 ] }, { "date": "2024-05-17", "close": 35.700001, "volume": 218000, "typical_volume": 406058.25, "trend": 32.631667, "fair_value": 33.906397, "relative_strength": -12.879798, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.066054, "energy": 49.773798, "activity_lines": [ 36.146666, 34.216363, 32.712143, 32.69129 ] }, { "date": "2024-05-24", "close": 35.950001, "volume": 259000, "typical_volume": 415458.25, "trend": 32.81, "fair_value": 33.874733, "relative_strength": -13.552807, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.131499, "energy": 42.173282, "activity_lines": [ 36.293333, 34.950909, 33.040476, 32.905376 ] }, { "date": "2024-05-31", "close": 35.5, "volume": 317000, "typical_volume": 395758.25, "trend": 32.986667, "fair_value": 33.812038, "relative_strength": -13.115663, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.694387, "energy": 29.404902, "activity_lines": [ 36.013333, 35.446363, 33.300476, 33.078925 ] }, { "date": "2024-06-07", "close": 35.150002, "volume": 129000, "typical_volume": 373450.0, "trend": 33.051667, "fair_value": 33.7471, "relative_strength": -16.411074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.281969, "energy": 21.621672, "activity_lines": [ 35.540001, 35.654546, 33.523571, 33.218495 ] }, { "date": "2024-06-14", "close": 37.450001, "volume": 238000, "typical_volume": 376900.0, "trend": 33.26, "fair_value": 33.705701, "relative_strength": -13.090795, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.518093, "energy": 27.766941, "activity_lines": [ 36.130001, 36.062728, 33.965, 33.502258 ] }, { "date": "2024-06-21", "close": 35.299999, "volume": 198000, "typical_volume": 377150.0, "trend": 33.35, "fair_value": 33.642163, "relative_strength": -20.187194, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.260488, "energy": 19.917164, "activity_lines": [ 35.913334, 35.957273, 34.184762, 33.633871 ] }, { "date": "2024-06-28", "close": 36.849998, "volume": 231000, "typical_volume": 387800.0, "trend": 33.305, "fair_value": 33.580206, "relative_strength": -15.303753, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.373004, "energy": 25.112311, "activity_lines": [ 36.24, 36.168182, 34.549286, 33.859677 ] }, { "date": "2024-07-05", "close": 36.5, "volume": 164000, "typical_volume": 392050.0, "trend": 33.331667, "fair_value": 33.519524, "relative_strength": -17.335197, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.232543, "energy": 27.454983, "activity_lines": [ 36.39, 36.223636, 34.871428, 34.065806 ] }, { "date": "2024-07-12", "close": 38.75, "volume": 753000, "typical_volume": 423300.0, "trend": 33.523333, "fair_value": 33.479861, "relative_strength": -13.050824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.835176, "energy": 39.274353, "activity_lines": [ 37.223333, 36.649091, 35.398333, 34.415376 ] }, { "date": "2024-07-19", "close": 37.200001, "volume": 130000, "typical_volume": 427450.0, "trend": 33.693333, "fair_value": 33.437299, "relative_strength": -12.1835, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.479095, "energy": 40.165854, "activity_lines": [ 37.3, 36.808182, 35.744048, 34.652581 ] }, { "date": "2024-07-26", "close": 38.400002, "volume": 52000, "typical_volume": 425900.0, "trend": 33.903334, "fair_value": 33.404628, "relative_strength": -5.76321, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.203888, "energy": 46.404692, "activity_lines": [ 37.793334, 37.165455, 36.17381, 34.956237 ] }, { "date": "2024-08-02", "close": 36.0, "volume": 77000, "typical_volume": 423950.0, "trend": 34.083334, "fair_value": 33.34294, "relative_strength": -9.070049, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.881368, "energy": 37.368916, "activity_lines": [ 37.280001, 37.037273, 36.335, 35.091505 ] }, { "date": "2024-08-09", "close": 37.5, "volume": 239000, "typical_volume": 428100.0, "trend": 34.175, "fair_value": 33.286029, "relative_strength": -3.834988, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.503444, "energy": 28.803791, "activity_lines": [ 37.323334, 37.180909, 36.597619, 35.311936 ] }, { "date": "2024-08-16", "close": 36.650002, "volume": 98000, "typical_volume": 417100.0, "trend": 34.23, "fair_value": 33.22279, "relative_strength": -9.065161, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.123385, "energy": 21.920203, "activity_lines": [ 37.016668, 37.133637, 36.711191, 35.471613 ] }, { "date": "2024-08-23", "close": 37.950001, "volume": 208000, "typical_volume": 381750.0, "trend": 34.365, "fair_value": 33.169643, "relative_strength": -4.472255, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.834668, "energy": 22.149961, "activity_lines": [ 37.283334, 37.295455, 36.884286, 35.711613 ] }, { "date": "2024-08-30", "close": 37.599998, "volume": 200000, "typical_volume": 290950.0, "trend": 34.461667, "fair_value": 33.118211, "relative_strength": -5.216616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.532834, "energy": 23.479178, "activity_lines": [ 37.383333, 37.384546, 36.989524, 35.920323 ] }, { "date": "2024-09-06", "close": 36.450001, "volume": 102000, "typical_volume": 267050.0, "trend": 34.511667, "fair_value": 33.067323, "relative_strength": -4.08533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.005536, "energy": 18.384896, "activity_lines": [ 37.153334, 37.222728, 36.983334, 36.048602 ] }, { "date": "2024-09-13", "close": 36.5, "volume": 103000, "typical_volume": 254850.0, "trend": 34.578333, "fair_value": 33.016315, "relative_strength": -4.921695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.624414, "energy": 16.932553, "activity_lines": [ 36.91, 37.077273, 36.959762, 36.176882 ] }, { "date": "2024-09-20", "close": 36.650002, "volume": 71000, "typical_volume": 237400.0, "trend": 34.743333, "fair_value": 32.978144, "relative_strength": -5.689254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.997147, "energy": 13.351032, "activity_lines": [ 36.783334, 36.959092, 36.940239, 36.310538 ] }, { "date": "2024-09-27", "close": 35.799999, "volume": 106000, "typical_volume": 194650.0, "trend": 34.908333, "fair_value": 32.939801, "relative_strength": -9.959675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.187822, "energy": 9.437414, "activity_lines": [ 36.373334, 36.724546, 36.85381, 36.37871 ] }, { "date": "2024-10-04", "close": 34.099998, "volume": 39000, "typical_volume": 185700.0, "trend": 35.045, "fair_value": 32.891441, "relative_strength": -11.413167, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.970477, "energy": 11.020862, "activity_lines": [ 35.54, 36.206364, 36.606905, 36.326559 ] }, { "date": "2024-10-11", "close": 33.0, "volume": 54000, "typical_volume": 175450.0, "trend": 35.235, "fair_value": 32.838228, "relative_strength": -15.903273, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.339224, "energy": 40.374039, "activity_lines": [ 34.573333, 35.566363, 36.262857, 36.194624 ] }, { "date": "2024-10-18", "close": 29.9, "volume": 74000, "typical_volume": 163300.0, "trend": 35.458333, "fair_value": 32.764728, "relative_strength": -25.209405, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.77651, "energy": 66.433771, "activity_lines": [ 32.803333, 34.417273, 35.637619, 35.85043 ] }, { "date": "2024-10-25", "close": 32.75, "volume": 142000, "typical_volume": 163950.0, "trend": 35.778333, "fair_value": 32.712366, "relative_strength": -17.131075, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.727283, "energy": 68.242601, "activity_lines": [ 32.423333, 33.924545, 35.310476, 35.675699 ] }, { "date": "2024-11-01", "close": 32.700001, "volume": 66000, "typical_volume": 155350.0, "trend": 35.845, "fair_value": 32.622394, "relative_strength": -14.811815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.614652, "energy": 66.608938, "activity_lines": [ 32.286667, 33.493636, 34.99, 35.477097 ] }, { "date": "2024-11-08", "close": 32.650002, "volume": 41000, "typical_volume": 147500.0, "trend": 35.693333, "fair_value": 32.528915, "relative_strength": -17.165553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.174084, "energy": 62.318411, "activity_lines": [ 32.340001, 33.149091, 34.687381, 35.270968 ] }, { "date": "2024-11-15", "close": 31.9, "volume": 241000, "typical_volume": 148000.0, "trend": 35.696667, "fair_value": 32.478434, "relative_strength": -15.784766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.518217, "energy": 41.448594, "activity_lines": [ 32.240001, 32.758182, 34.325953, 35.026237 ] }, { "date": "2024-11-22", "close": 34.349998, "volume": 83003, "typical_volume": 143950.15, "trend": 35.696667, "fair_value": 32.442384, "relative_strength": -9.553289, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.441591, "energy": 26.965143, "activity_lines": [ 33.03, 32.895454, 34.221429, 34.939355 ] }, { "date": "2024-11-29", "close": 31.549999, "volume": 53000, "typical_volume": 108950.15, "trend": 35.428333, "fair_value": 32.389023, "relative_strength": -13.757372, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -49.344982, "energy": 29.758331, "activity_lines": [ 32.589999, 32.562727, 33.860476, 34.671828 ] }, { "date": "2024-12-06", "close": 31.200001, "volume": 105000, "typical_volume": 107700.15, "trend": 35.265, "fair_value": 32.335648, "relative_strength": -17.452367, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.553021, "energy": 34.998463, "activity_lines": [ 32.113333, 32.259091, 33.500476, 34.399032 ] }, { "date": "2024-12-13", "close": 31.200001, "volume": 29000, "typical_volume": 106550.15, "trend": 35.115, "fair_value": 32.285143, "relative_strength": -16.327376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.023828, "energy": 34.897608, "activity_lines": [ 31.736667, 32.039091, 33.169048, 34.136774 ] }, { "date": "2024-12-20", "close": 32.849998, "volume": 39000, "typical_volume": 104650.15, "trend": 35.011667, "fair_value": 32.257006, "relative_strength": -9.513532, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.073012, "energy": 33.206442, "activity_lines": [ 32.006666, 32.171818, 33.029048, 33.990645 ] }, { "date": "2024-12-27", "close": 33.099998, "volume": 52000, "typical_volume": 95300.15, "trend": 34.931667, "fair_value": 32.230791, "relative_strength": -11.434458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.103191, "energy": 26.237964, "activity_lines": [ 32.296666, 32.352727, 32.927857, 33.867312 ] }, { "date": "2025-01-03", "close": 32.5, "volume": 39000, "typical_volume": 92350.15, "trend": 34.843333, "fair_value": 32.191487, "relative_strength": -11.296881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.465413, "energy": 18.52508, "activity_lines": [ 32.469999, 32.366363, 32.790476, 33.71043 ] }, { "date": "2025-01-10", "close": 34.950001, "volume": 39000, "typical_volume": 83900.15, "trend": 34.76, "fair_value": 32.155777, "relative_strength": -4.504833, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.900649, "energy": 12.869192, "activity_lines": [ 33.396666, 32.83, 32.90619, 33.717312 ] }, { "date": "2025-01-17", "close": 32.5, "volume": 52000, "typical_volume": 76500.15, "trend": 34.666667, "fair_value": 32.09257, "relative_strength": -11.103064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.861901, "energy": 11.672519, "activity_lines": [ 33.256667, 32.807272, 32.802857, 33.571505 ] }, { "date": "2025-01-24", "close": 31.0, "volume": 22000, "typical_volume": 72500.15, "trend": 34.471667, "fair_value": 32.052574, "relative_strength": -15.986899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.887421, "energy": 17.965851, "activity_lines": [ 32.53, 32.514545, 32.580952, 33.334946 ] }, { "date": "2025-02-07", "close": 32.950001, "volume": 46524, "typical_volume": 69676.35, "trend": 34.353333, "fair_value": 32.042607, "relative_strength": -9.951045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.487716, "energy": 13.297221, "activity_lines": [ 32.576667, 32.592727, 32.570714, 33.236774 ] }, { "date": "2025-02-14", "close": 30.0, "volume": 108067, "typical_volume": 71529.7, "trend": 34.061667, "fair_value": 32.020742, "relative_strength": -16.202669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.73638, "energy": 37.175426, "activity_lines": [ 31.65, 32.16, 32.296429, 32.955914 ] }, { "date": "2025-02-21", "close": 30.25, "volume": 79450, "typical_volume": 70202.2, "trend": 33.83, "fair_value": 31.992831, "relative_strength": -16.962825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.516779, "energy": 46.402647, "activity_lines": [ 30.973334, 31.800909, 32.077619, 32.71 ] }, { "date": "2025-02-28", "close": 30.4, "volume": 49619, "typical_volume": 70733.15, "trend": 33.563333, "fair_value": 31.944208, "relative_strength": -13.711565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.928091, "energy": 45.146099, "activity_lines": [ 30.66, 31.486364, 31.899524, 32.48871 ] }, { "date": "2025-03-07", "close": 30.799999, "volume": 31195, "typical_volume": 69592.9, "trend": 33.39, "fair_value": 31.896238, "relative_strength": -10.430056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.787486, "energy": 47.114124, "activity_lines": [ 30.62, 31.259091, 31.777143, 32.31043 ] }, { "date": "2025-03-14", "close": 28.799999, "volume": 13212, "typical_volume": 66553.5, "trend": 33.1, "fair_value": 31.83704, "relative_strength": -13.704535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.482389, "energy": 51.667188, "activity_lines": [ 29.926666, 30.705454, 31.474762, 32.014301 ] }, { "date": "2025-03-21", "close": 27.799999, "volume": 49953, "typical_volume": 61951.15, "trend": 32.805, "fair_value": 31.761871, "relative_strength": -17.463662, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.745042, "energy": 56.394123, "activity_lines": [ 29.176666, 30.048181, 31.082381, 31.672365 ] }, { "date": "2025-03-28", "close": 26.85, "volume": 30303, "typical_volume": 60166.3, "trend": 32.435, "fair_value": 31.71089, "relative_strength": -18.146829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.168975, "energy": 66.427802, "activity_lines": [ 28.256666, 29.303636, 30.623095, 31.288172 ] }, { "date": "2025-04-04", "close": 27.4, "volume": 6079, "typical_volume": 58420.25, "trend": 32.095, "fair_value": 31.66694, "relative_strength": -15.431389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.972595, "energy": 69.928581, "activity_lines": [ 27.746666, 28.806363, 30.244047, 30.963333 ] }, { "date": "2025-04-11", "close": 23.85, "volume": 36388, "typical_volume": 48189.65, "trend": 31.675, "fair_value": 31.600871, "relative_strength": -19.4249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.291054, "energy": 80.237489, "activity_lines": [ 26.253333, 27.756363, 29.551905, 30.431398 ] }, { "date": "2025-04-18", "close": 28.299999, "volume": 163045, "typical_volume": 52191.75, "trend": 31.401666, "fair_value": 31.568108, "relative_strength": -3.321022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.222214, "energy": 61.879871, "activity_lines": [ 26.706666, 27.645454, 29.321904, 30.213656 ] }, { "date": "2025-04-25", "close": 31.299999, "volume": 66202, "typical_volume": 52851.85, "trend": 31.223333, "fair_value": 31.558401, "relative_strength": 4.428468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.180275, "energy": 28.732215, "activity_lines": [ 28.193333, 28.164545, 29.406428, 30.207096 ] }, { "date": "2025-05-02", "close": 32.0, "volume": 36425, "typical_volume": 49423.1, "trend": 31.096666, "fair_value": 31.564973, "relative_strength": 2.283904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.462693, "energy": 12.499561, "activity_lines": [ 29.68, 28.787272, 29.558809, 30.257204 ] }, { "date": "2025-05-09", "close": 30.700001, "volume": 33586, "typical_volume": 49652.4, "trend": 30.983333, "fair_value": 31.552376, "relative_strength": -1.867232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.755884, "energy": 22.948893, "activity_lines": [ 30.39, 29.141818, 29.583571, 30.231613 ] }, { "date": "2025-05-16", "close": 28.799999, "volume": 18066, "typical_volume": 48605.7, "trend": 30.843333, "fair_value": 31.542259, "relative_strength": -11.370356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.052629, "energy": 24.474323, "activity_lines": [ 30.246666, 29.145454, 29.429762, 30.090752 ] }, { "date": "2025-05-23", "close": 29.200001, "volume": 8407, "typical_volume": 46426.05, "trend": 30.82, "fair_value": 31.527696, "relative_strength": -8.955566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.421215, "energy": 17.373846, "activity_lines": [ 29.906667, 29.258182, 29.333333, 29.984731 ] }, { "date": "2025-05-30", "close": 29.049999, "volume": 9857, "typical_volume": 44968.9, "trend": 30.696666, "fair_value": 31.508983, "relative_strength": -7.762732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.492254, "energy": 10.830076, "activity_lines": [ 29.456667, 29.336363, 29.24119, 29.870537 ] }, { "date": "2025-06-06", "close": 28.799999, "volume": 4917, "typical_volume": 43264.75, "trend": 30.566666, "fair_value": 31.484207, "relative_strength": -9.46997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.164184, "energy": 21.733385, "activity_lines": [ 29.073333, 29.346363, 29.141666, 29.748172 ] }, { "date": "2025-06-13", "close": 27.75, "volume": 15080, "typical_volume": 41418.75, "trend": 30.403333, "fair_value": 31.433895, "relative_strength": -14.004755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.817818, "energy": 30.177125, "activity_lines": [ 28.553333, 29.13, 28.971428, 29.566451 ] }, { "date": "2025-06-20", "close": 28.4, "volume": 23173, "typical_volume": 41477.4, "trend": 30.286666, "fair_value": 31.37054, "relative_strength": -11.443988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.531144, "energy": 32.706639, "activity_lines": [ 28.446666, 29.025454, 28.885714, 29.437204 ] }, { "date": "2025-06-27", "close": 26.25, "volume": 55038, "typical_volume": 41903.1, "trend": 30.016666, "fair_value": 31.32113, "relative_strength": -19.707641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.873575, "energy": 53.503842, "activity_lines": [ 27.65, 28.447273, 28.607619, 29.176774 ] }, { "date": "2025-07-04", "close": 29.0, "volume": 263651, "typical_volume": 49682.3, "trend": 29.931666, "fair_value": 31.276282, "relative_strength": -10.796144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.904601, "energy": 35.094303, "activity_lines": [ 27.966667, 28.406363, 28.623333, 29.111183 ] }, { "date": "2025-07-11", "close": 37.099998, "volume": 456471, "typical_volume": 68533.35, "trend": 30.128333, "fair_value": 31.292949, "relative_strength": 12.976096, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.201763, "energy": 28.229923, "activity_lines": [ 30.986666, 29.88, 29.415238, 29.573656 ] }, { "date": "2025-07-18", "close": 36.400002, "volume": 657854, "typical_volume": 98945.1, "trend": 30.301666, "fair_value": 31.291667, "relative_strength": 7.939433, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.409944, "energy": 60.384214, "activity_lines": [ 33.22, 31.133636, 30.107857, 29.978279 ] }, { "date": "2025-07-25", "close": 34.599998, "volume": 152347, "typical_volume": 105002.7, "trend": 30.36, "fair_value": 31.303205, "relative_strength": 2.884053, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.744937, "energy": 63.772884, "activity_lines": [ 34.276666, 31.956363, 30.600476, 30.255591 ] }, { "date": "2025-08-01", "close": 39.400002, "volume": 271845, "typical_volume": 117934.35, "trend": 30.57, "fair_value": 31.351282, "relative_strength": 16.892559, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.960817, "energy": 86.881018, "activity_lines": [ 36.52, 33.546364, 31.532143, 30.838817 ] }, { "date": "2025-08-08", "close": 41.25, "volume": 452692, "typical_volume": 138071.3, "trend": 30.861667, "fair_value": 31.43141, "relative_strength": 19.305855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.679982, "energy": 91.307383, "activity_lines": [ 38.503334, 35.287273, 32.589524, 31.527849 ] }, { "date": "2025-08-15", "close": 60.200001, "volume": 1993627, "typical_volume": 236237.5, "trend": 31.703333, "fair_value": 31.666026, "relative_strength": 70.219409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.851127, "energy": 98.6012, "activity_lines": [ 45.986667, 40.251818, 35.387619, 33.420645 ] }, { "date": "2025-08-22", "close": 62.0, "volume": 1418941, "typical_volume": 306880.6, "trend": 32.686667, "fair_value": 31.916667, "relative_strength": 77.241211, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.393197, "energy": 98.364726, "activity_lines": [ 52.53, 44.972728, 38.198333, 35.375269 ] }, { "date": "2025-08-29", "close": 55.599998, "volume": 422182, "typical_volume": 326170.3, "trend": 33.506666, "fair_value": 32.117308, "relative_strength": 54.695975, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.273281, "energy": 89.523499, "activity_lines": [ 55.233333, 47.907273, 40.234762, 36.853548 ] }, { "date": "2025-09-05", "close": 51.200001, "volume": 742622, "typical_volume": 355149.15, "trend": 34.115, "fair_value": 32.291026, "relative_strength": 40.202832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.215433, "energy": 85.458601, "activity_lines": [ 55.07, 49.547273, 41.700952, 37.995054 ] }, { "date": "2025-09-12", "close": 43.349998, "volume": 942827, "typical_volume": 398980.4, "trend": 34.56, "fair_value": 32.411859, "relative_strength": 14.138198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.253351, "energy": 58.447437, "activity_lines": [ 51.503333, 49.306363, 42.310476, 38.59086 ] }, { "date": "2025-09-19", "close": 47.849998, "volume": 1153611, "typical_volume": 454839.7, "trend": 35.146666, "fair_value": 32.565385, "relative_strength": 25.163458, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.906452, "energy": 38.063881, "activity_lines": [ 49.296665, 49.622727, 43.29119, 39.448279 ] }, { "date": "2025-09-26", "close": 55.0, "volume": 1567542, "typical_volume": 531537.5, "trend": 35.966666, "fair_value": 32.752244, "relative_strength": 42.942533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.405763, "energy": 36.45272, "activity_lines": [ 50.296666, 51.043636, 44.877381, 40.729139 ] }, { "date": "2025-10-03", "close": 69.699997, "volume": 1721838, "typical_volume": 616726.1, "trend": 37.263333, "fair_value": 33.041987, "relative_strength": 70.891331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.88491, "energy": 54.806129, "activity_lines": [ 56.663332, 54.79909, 47.747857, 42.905483 ] }, { "date": "2025-10-10", "close": 69.099998, "volume": 432003, "typical_volume": 637905.9, "trend": 38.606666, "fair_value": 33.322436, "relative_strength": 63.990632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.384708, "energy": 65.500785, "activity_lines": [ 61.889998, 57.807271, 50.366428, 44.959462 ] }, { "date": "2025-10-17", "close": 89.699997, "volume": 1280729, "typical_volume": 701449.5, "trend": 40.67, "fair_value": 33.738141, "relative_strength": 108.093202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.359367, "energy": 94.152599, "activity_lines": [ 72.789998, 64.020907, 54.756904, 48.255806 ] }, { "date": "2025-10-24", "close": 86.400002, "volume": 1001226, "typical_volume": 751264.95, "trend": 42.655, "fair_value": 34.14391, "relative_strength": 94.348807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.921672, "energy": 91.831858, "activity_lines": [ 79.499999, 68.753635, 58.544285, 51.206128 ] }, { "date": "2025-10-31", "close": 79.0, "volume": 1527597, "typical_volume": 826890.8, "trend": 44.375, "fair_value": 34.504808, "relative_strength": 70.457535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.132202, "energy": 84.18764, "activity_lines": [ 81.173333, 71.664545, 61.352618, 53.550967 ] }, { "date": "2025-11-07", "close": 68.699997, "volume": 872067, "typical_volume": 869335.5, "trend": 45.869999, "fair_value": 34.808013, "relative_strength": 49.51548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.342921, "energy": 58.92481, "activity_lines": [ 77.813332, 72.393635, 62.935951, 55.120322 ] }, { "date": "2025-11-14", "close": 66.599998, "volume": 758071, "typical_volume": 904487.15, "trend": 47.146666, "fair_value": 35.105128, "relative_strength": 44.540911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.424487, "energy": 48.26152, "activity_lines": [ 73.819999, 72.502726, 64.12738, 56.457741 ] }, { "date": "2025-11-21", "close": 58.5, "volume": 463518, "typical_volume": 914480.5, "trend": 48.053333, "fair_value": 35.339423, "relative_strength": 30.376535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.176381, "energy": 25.180469, "activity_lines": [ 67.293332, 70.85909, 64.355237, 57.190214 ] }, { "date": "2025-11-28", "close": 69.5, "volume": 2274864, "typical_volume": 1005400.15, "trend": 49.303333, "fair_value": 35.644551, "relative_strength": 46.52462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.831144, "energy": 24.382499, "activity_lines": [ 66.513333, 70.939999, 65.490237, 58.57387 ] }, { "date": "2025-12-05", "close": 74.900002, "volume": 884438, "typical_volume": 1016729.35, "trend": 50.776666, "fair_value": 35.984936, "relative_strength": 53.740049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.292758, "energy": 23.067782, "activity_lines": [ 68.66, 71.609091, 66.985237, 60.225268 ] }, { "date": "2025-12-12", "close": 83.900002, "volume": 2984673, "typical_volume": 1158345.65, "trend": 52.613333, "fair_value": 36.370192, "relative_strength": 67.864989, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.000705, "energy": 38.9277, "activity_lines": [ 74.080001, 73.552727, 69.154047, 62.362258 ] }, { "date": "2025-12-19", "close": 87.5, "volume": 4896888, "typical_volume": 1389597.8, "trend": 54.556666, "fair_value": 36.774359, "relative_strength": 74.817275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.944677, "energy": 50.240676, "activity_lines": [ 79.686668, 75.892728, 71.430952, 64.61301 ] }, { "date": "2025-12-26", "close": 84.0, "volume": 739715, "typical_volume": 1403948.95, "trend": 56.388333, "fair_value": 37.133974, "relative_strength": 60.244721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.840074, "energy": 61.072013, "activity_lines": [ 82.733334, 77.261818, 73.145476, 66.51258 ] }, { "date": "2026-01-02", "close": 88.5, "volume": 1108583, "typical_volume": 1359696.75, "trend": 58.378333, "fair_value": 37.52532, "relative_strength": 61.566391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.954829, "energy": 71.411697, "activity_lines": [ 85.58, 79.552728, 75.085, 68.584301 ] }, { "date": "2026-01-09", "close": 87.199997, "volume": 2013354, "typical_volume": 1389417.4, "trend": 60.36, "fair_value": 37.90032, "relative_strength": 51.970485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.406386, "energy": 64.648488, "activity_lines": [ 86.726666, 81.569091, 76.765952, 70.443763 ] }, { "date": "2026-01-16", "close": 84.199997, "volume": 1178466, "typical_volume": 1427231.6, "trend": 62.219999, "fair_value": 38.259936, "relative_strength": 39.860914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.46621, "energy": 54.304748, "activity_lines": [ 86.053332, 82.890908, 78.04119, 71.981827 ] }, { "date": "2026-01-23", "close": 84.800003, "volume": 825903, "typical_volume": 1431395.65, "trend": 64.171666, "fair_value": 38.626282, "relative_strength": 36.707893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.882993, "energy": 44.678449, "activity_lines": [ 85.56, 84.04, 79.237381, 73.438602 ] }, { "date": "2026-01-30", "close": 112.0, "volume": 3263951, "typical_volume": 1547451.85, "trend": 66.938333, "fair_value": 39.164744, "relative_strength": 76.184234, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.748071, "energy": 69.09509, "activity_lines": [ 94.313333, 89.803636, 82.864047, 76.524301 ] }, { "date": "2026-02-06", "close": 106.5, "volume": 5112901, "typical_volume": 1745416.35, "trend": 69.251666, "fair_value": 39.650641, "relative_strength": 65.879238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.591091, "energy": 70.785677, "activity_lines": [ 99.366667, 93.594545, 85.64, 79.076666 ] }, { "date": "2026-02-13", "close": 121.0, "volume": 907744, "typical_volume": 1712426.45, "trend": 72.071666, "fair_value": 40.234615, "relative_strength": 74.414407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.70178, "energy": 86.406177, "activity_lines": [ 108.053334, 99.349091, 89.517619, 82.415268 ] }, { "date": "2026-02-27", "close": 141.5, "volume": 1185516, "typical_volume": 1685610.35, "trend": 75.635, "fair_value": 40.972115, "relative_strength": 88.762303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.603833, "energy": 95.326624, "activity_lines": [ 121.32, 107.992727, 95.033333, 86.894516 ] }, { "date": "2026-03-06", "close": 123.0, "volume": 2344251, "typical_volume": 1781222.75, "trend": 78.421666, "fair_value": 41.588461, "relative_strength": 69.343091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.871938, "energy": 83.551966, "activity_lines": [ 124.6, 112.225454, 98.445238, 89.950322 ] }, { "date": "2026-03-13", "close": 162.0, "volume": 1383710, "typical_volume": 1786371.8, "trend": 82.446666, "fair_value": 42.454487, "relative_strength": 117.618966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.638468, "energy": 93.385796, "activity_lines": [ 138.333333, 122.903636, 105.314762, 95.342473 ] }, { "date": "2026-03-20", "close": 204.0, "volume": 1696048, "typical_volume": 1821112.9, "trend": 87.24, "fair_value": 43.588461, "relative_strength": 162.078109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.476546, "energy": 94.128122, "activity_lines": [ 162.733333, 139.8, 115.84, 103.184623 ] }, { "date": "2026-03-27", "close": 153.0, "volume": 724343, "typical_volume": 1780950.2, "trend": 90.273333, "fair_value": 44.396795, "relative_strength": 93.710616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.519958, "energy": 63.964131, "activity_lines": [ 163.633333, 145.323636, 120.948095, 107.427204 ] }, { "date": "2026-04-03", "close": 150.0, "volume": 388117, "typical_volume": 1756752.7, "trend": 93.42, "fair_value": 45.175961, "relative_strength": 87.966566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.781268, "energy": 60.774461, "activity_lines": [ 161.4, 149.105455, 125.418095, 111.280537 ] }, { "date": "2026-04-10", "close": 195.0, "volume": 2142556, "typical_volume": 1825976.95, "trend": 98.213333, "fair_value": 46.246474, "relative_strength": 117.521485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.9435, "energy": 65.158989, "activity_lines": [ 173.6, 159.872727, 133.786667, 117.834086 ] }, { "date": "2026-04-17", "close": 260.0, "volume": 4272368, "typical_volume": 2016419.45, "trend": 105.435, "fair_value": 47.733974, "relative_strength": 167.238591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.24869, "energy": 72.219533, "activity_lines": [ 202.666667, 180.454545, 147.734286, 128.271935 ] }, { "date": "2026-04-24", "close": 234.5, "volume": 1869016, "typical_volume": 1996127.05, "trend": 111.656666, "fair_value": 49.060897, "relative_strength": 120.531602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.293027, "energy": 68.049169, "activity_lines": [ 216.7, 193.709091, 158.293809, 136.59871 ] }, { "date": "2026-05-01", "close": 248.0, "volume": 328644, "typical_volume": 1968337.35, "trend": 118.09, "fair_value": 50.477564, "relative_strength": 125.642455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.120533, "energy": 83.899463, "activity_lines": [ 233.2, 207.090909, 169.353333, 145.395054 ] }, { "date": "2026-05-08", "close": 224.5, "volume": 2184427, "typical_volume": 1928325.05, "trend": 123.25, "fair_value": 51.741346, "relative_strength": 86.22451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.491122, "energy": 71.621013, "activity_lines": [ 235.533333, 213.890909, 177.350476, 152.260215 ] }, { "date": "2026-05-15", "close": 205.0, "volume": 1335287, "typical_volume": 1750245.0, "trend": 127.78, "fair_value": 52.883333, "relative_strength": 67.918623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.038553, "energy": 55.320877, "activity_lines": [ 226.4, 215.636364, 182.820952, 157.534409 ] }, { "date": "2026-05-22", "close": 235.5, "volume": 849975, "typical_volume": 1755758.0, "trend": 132.64, "fair_value": 54.221795, "relative_strength": 82.857582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.000519, "energy": 51.185472, "activity_lines": [ 226.766667, 221.436364, 190.636667, 164.484086 ] }, { "date": "2026-05-29", "close": 213.5, "volume": 2096609, "typical_volume": 1805159.3, "trend": 136.876667, "fair_value": 55.420513, "relative_strength": 53.326794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.668941, "energy": 35.624057, "activity_lines": [ 221.433333, 221.9, 195.635714, 169.70086 ] }, { "date": "2026-06-05", "close": 226.0, "volume": 2210318, "typical_volume": 1815007.5, "trend": 141.776667, "fair_value": 56.697115, "relative_strength": 57.530967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.886356, "energy": 32.778678, "activity_lines": [ 221.666667, 224.463636, 201.23, 175.450753 ] }, { "date": "2026-06-12", "close": 199.0, "volume": 1548969, "typical_volume": 1833532.65, "trend": 146.12, "fair_value": 57.80032, "relative_strength": 38.878619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.374386, "energy": 28.46583, "activity_lines": [ 214.366667, 220.790909, 203.591905, 179.142581 ] }, { "date": "2026-06-19", "close": 199.0, "volume": 332330, "typical_volume": 1808854.0, "trend": 150.533333, "fair_value": 58.86891, "relative_strength": 29.689679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.965422, "energy": 22.423477, "activity_lines": [ 208.766667, 216.227273, 205.407143, 182.554194 ] }, { "date": "2026-06-26", "close": 175.5, "volume": 548270, "typical_volume": 1673069.95, "trend": 154.433333, "fair_value": 59.757372, "relative_strength": 17.421738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.714625, "energy": 17.174834, "activity_lines": [ 195.733333, 207.318182, 204.440476, 184.164946 ] }, { "date": "2026-07-03", "close": 188.0, "volume": 514413, "typical_volume": 1443145.55, "trend": 158.383333, "fair_value": 60.722115, "relative_strength": 17.914395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.09625, "energy": 16.427071, "activity_lines": [ 190.866667, 202.218182, 204.361905, 186.330538 ] }, { "date": "2026-07-10", "close": 179.5, "volume": 188134, "typical_volume": 1407165.05, "trend": 161.87, "fair_value": 61.625961, "relative_strength": 14.398476, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.704764, "energy": 15.467793, "activity_lines": [ 184.866667, 196.418182, 203.085714, 187.692903 ] }, { "date": "2026-07-17", "close": 142.0, "volume": 825275, "typical_volume": 1389153.0, "trend": 163.806667, "fair_value": 62.289423, "relative_strength": -4.708915, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -16.145196, "energy": 26.601486, "activity_lines": [ 169.466667, 185.045455, 197.959524, 186.410968 ] }, { "date": "2026-07-24", "close": 159.0, "volume": 678345, "typical_volume": 1305857.7, "trend": 166.19, "fair_value": 63.065705, "relative_strength": 3.110996, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.653905, "energy": 41.015086, "activity_lines": [ 163.533333, 178.263636, 194.45, 186.10086 ] }, { "date": "2026-07-31", "close": 141.5, "volume": 352432, "typical_volume": 1254293.8, "trend": 168.106667, "fair_value": 63.732372, "relative_strength": -8.000878, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.591497, "energy": 51.44149, "activity_lines": [ 154.433333, 169.136364, 189.102381, 184.507957 ] }, { "date": "2026-08-07", "close": 156.5, "volume": 266326, "typical_volume": 1182807.7, "trend": 170.373333, "fair_value": 64.484936, "relative_strength": -1.776872, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.78494, "energy": 48.747491, "activity_lines": [ 152.6, 164.445455, 185.280952, 183.75914 ] }, { "date": "2026-08-14", "close": 162.0, "volume": 234215, "typical_volume": 1158301.3, "trend": 172.866667, "fair_value": 65.273397, "relative_strength": -2.786918, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.589511, "energy": 33.603223, "activity_lines": [ 154.7, 161.790909, 182.209524, 183.218925 ] } ], "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." } } }