{ "ticker": { "uuid": "84a94b8a-b030-4dcc-831c-334d35179364", "symbol": "7078", "name": "INCLUSIVE Holdings Inc.", "exchange": "JPX", "country": "JP", "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": "2026-08-21", "benchmark": "^N225", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 93.377, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -58.822, "architecture_energy": 45.414, "architecture_maturity": 33.362, "architecture_confidence": 94.1, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 13.06, "rotation_up": 25.77, "upward_expansion": 6.99, "deceleration": 47.95, "rotation_down": 49.38, "downward_expansion": 80.32 }, "activity_lines": [ 343.333333, 344.218182, 353.385714, 363.963441 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 351.0, "trend_reference": 377.8, "distance_from_trend": -0.070937, "trend_direction": "Weakening", "fair_value": 573.711538, "distance_from_fair_value": -0.388194, "fair_value_direction": "Weakening", "relative_strength": -27.161186, "relative_strength_direction": "Improving", "price_momentum": -0.176056, "excess_performance": -0.337791, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.070937, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.028292, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.388194, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.022204, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.271612, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.055614, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.176056, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.813704, "read": "Supply-led" } ], "volume": { "latest": 73900, "relative_activity": 1.12833, "balance": 0.813704, "dry_up": 0.935186, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.050844, "annualized_volatility": 0.294761, "from_high_reference": -0.36528, "from_low_reference": 0.057229 }, "levels": { "trend_reference": 377.8, "fair_value_reference": 573.711538, "structural_low": 333.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": 0.016749, "positive_rate": 0.617647, "directional_follow_through": 0.382353, "median_excess_return": -0.001896, "regime_survival": 0.794118, "best_return": 1.186893, "worst_return": -0.230447, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.02249, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.089266, "regime_survival": 0.5, "best_return": 1.388889, "worst_return": -0.263083, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.007851, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.089617, "regime_survival": 0.142857, "best_return": 0.173333, "worst_return": -0.387779, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.1108, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.451901, "regime_survival": 0.25, "best_return": 0.108889, "worst_return": -0.353808, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-23", "end": "2024-02-09", "tenure": "Extended", "return": -0.045, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-16", "end": "2024-09-27", "tenure": "Extended", "return": -0.3396, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": -0.051661, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-01-03", "tenure": "Developing", "return": -0.098039, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": -0.222388, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-04-04", "tenure": "Developing", "return": -0.230909, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.25576, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-18", "tenure": "Developing", "return": 0.122984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-09-12", "tenure": "Developing", "return": -0.091418, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.033531, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.055794, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-02-13", "tenure": "Established", "return": -0.01467, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-06-19", "tenure": "Established", "return": -0.185446, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-21", "tenure": "Developing", "return": 0.026316, "active": true } ], "chart_path": [ { "date": "2023-09-01", "close": 1026.0, "volume": 285000, "typical_volume": 581100.0, "trend": 959.833333, "fair_value": 1055.504273, "relative_strength": -9.997798, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.785224, "energy": 49.294224, "activity_lines": [ 991.8, 974.236364, 963.928571, 961.789247 ] }, { "date": "2023-09-08", "close": 972.0, "volume": 522800, "typical_volume": 561225.0, "trend": 960.4, "fair_value": 1058.534188, "relative_strength": -14.004352, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.912403, "energy": 41.627177, "activity_lines": [ 989.933333, 974.727273, 965.752381, 962.574194 ] }, { "date": "2023-09-15", "close": 965.0, "volume": 190600, "typical_volume": 548980.0, "trend": 960.566667, "fair_value": 1061.737179, "relative_strength": -16.430864, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.843666, "energy": 43.10285, "activity_lines": [ 984.266667, 974.290909, 966.728571, 962.870968 ] }, { "date": "2023-09-22", "close": 965.0, "volume": 255800, "typical_volume": 557695.0, "trend": 961.4, "fair_value": 1065.074786, "relative_strength": -13.122871, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.260529, "energy": 26.773334, "activity_lines": [ 977.266667, 974.018182, 967.514286, 963.156989 ] }, { "date": "2023-09-29", "close": 1001.0, "volume": 484900, "typical_volume": 572780.0, "trend": 963.033333, "fair_value": 1068.467948, "relative_strength": -7.972486, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.835966, "energy": 22.883922, "activity_lines": [ 982.0, 980.4, 971.514286, 965.711828 ] }, { "date": "2023-10-06", "close": 1016.0, "volume": 1081100, "typical_volume": 611450.0, "trend": 964.433333, "fair_value": 1071.946581, "relative_strength": -3.507525, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.461154, "energy": 28.170332, "activity_lines": [ 992.066667, 988.236364, 976.566667, 969.129032 ] }, { "date": "2023-10-13", "close": 973.0, "volume": 197500, "typical_volume": 607685.0, "trend": 965.866667, "fair_value": 1075.5, "relative_strength": -10.738673, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.122495, "energy": 23.084576, "activity_lines": [ 988.466667, 986.836364, 977.095238, 969.68172 ] }, { "date": "2023-10-20", "close": 990.0, "volume": 264600, "typical_volume": 603575.0, "trend": 966.433333, "fair_value": 1079.17735, "relative_strength": -5.517533, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.893693, "energy": 27.028619, "activity_lines": [ 990.466667, 988.109091, 979.004762, 971.23871 ] }, { "date": "2023-10-27", "close": 974.0, "volume": 575900, "typical_volume": 614335.0, "trend": 965.433333, "fair_value": 1083.027777, "relative_strength": -5.626158, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.791461, "energy": 16.430679, "activity_lines": [ 985.466667, 985.654545, 979.185714, 971.726882 ] }, { "date": "2023-11-03", "close": 980.0, "volume": 277500, "typical_volume": 454330.0, "trend": 962.8, "fair_value": 1086.752136, "relative_strength": -7.368064, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.128517, "energy": 13.366629, "activity_lines": [ 981.866667, 984.054545, 979.680952, 972.666667 ] }, { "date": "2023-11-10", "close": 975.0, "volume": 221500, "typical_volume": 393145.0, "trend": 962.266667, "fair_value": 1090.44017, "relative_strength": -9.057746, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.799073, "energy": 12.280475, "activity_lines": [ 978.0, 982.018182, 979.542857, 973.453763 ] }, { "date": "2023-11-17", "close": 994.0, "volume": 334900, "typical_volume": 372165.0, "trend": 964.266667, "fair_value": 1094.438034, "relative_strength": -9.72798, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.158908, "energy": 13.325567, "activity_lines": [ 983.2, 984.363636, 981.333333, 975.501075 ] }, { "date": "2023-11-24", "close": 990.0, "volume": 160600, "typical_volume": 354505.0, "trend": 966.433333, "fair_value": 1098.463675, "relative_strength": -9.888316, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.530237, "energy": 17.198838, "activity_lines": [ 985.666667, 985.581818, 982.728571, 977.16129 ] }, { "date": "2023-12-01", "close": 970.0, "volume": 174600, "typical_volume": 346075.0, "trend": 968.1, "fair_value": 1102.382478, "relative_strength": -10.738576, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.415788, "energy": 10.690984, "activity_lines": [ 981.466667, 982.709091, 982.142857, 977.391398 ] }, { "date": "2023-12-08", "close": 938.0, "volume": 631500, "typical_volume": 361600.0, "trend": 968.633333, "fair_value": 1106.128205, "relative_strength": -10.216807, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.091439, "energy": 12.853508, "activity_lines": [ 966.866667, 973.927273, 978.514286, 975.449462 ] }, { "date": "2023-12-15", "close": 933.0, "volume": 378400, "typical_volume": 365380.0, "trend": 968.866667, "fair_value": 1109.893162, "relative_strength": -12.047569, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.923082, "energy": 26.438171, "activity_lines": [ 953.4, 965.381818, 974.37619, 973.150538 ] }, { "date": "2023-12-22", "close": 932.0, "volume": 274500, "typical_volume": 367945.0, "trend": 969.166667, "fair_value": 1113.92735, "relative_strength": -12.185812, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -27.160427, "energy": 37.607698, "activity_lines": [ 942.4, 958.163636, 970.166667, 970.772043 ] }, { "date": "2023-12-29", "close": 971.0, "volume": 297300, "typical_volume": 375135.0, "trend": 969.966667, "fair_value": 1118.230769, "relative_strength": -8.826989, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -21.676854, "energy": 33.240209, "activity_lines": [ 948.533333, 958.781818, 969.757143, 970.890323 ] }, { "date": "2024-01-05", "close": 964.0, "volume": 76300, "typical_volume": 358355.0, "trend": 971.433333, "fair_value": 1122.442307, "relative_strength": -8.699244, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -48.334514, "energy": 33.497657, "activity_lines": [ 953.6, 958.472727, 968.557143, 970.505376 ] }, { "date": "2024-01-12", "close": 970.0, "volume": 227300, "typical_volume": 345630.0, "trend": 972.2, "fair_value": 1126.717949, "relative_strength": -13.209449, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -33.861203, "energy": 15.3304, "activity_lines": [ 961.066667, 959.436364, 967.914286, 970.412903 ] }, { "date": "2024-01-19", "close": 956.0, "volume": 173900, "typical_volume": 340075.0, "trend": 970.733333, "fair_value": 1130.839743, "relative_strength": -14.709802, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -32.903954, "energy": 16.257259, "activity_lines": [ 961.733333, 958.036364, 966.109524, 969.367742 ] }, { "date": "2024-01-26", "close": 967.0, "volume": 225000, "typical_volume": 325185.0, "trend": 969.933333, "fair_value": 1134.818376, "relative_strength": -12.666629, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -30.025598, "energy": 14.989455, "activity_lines": [ 964.533333, 958.981818, 965.685714, 969.126882 ] }, { "date": "2024-02-02", "close": 965.0, "volume": 159400, "typical_volume": 323625.0, "trend": 969.633333, "fair_value": 1138.448718, "relative_strength": -13.304064, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -28.63291, "energy": 13.636585, "activity_lines": [ 964.333333, 960.054545, 965.095238, 968.808602 ] }, { "date": "2024-02-09", "close": 955.0, "volume": 226700, "typical_volume": 322170.0, "trend": 969.1, "fair_value": 1142.220085, "relative_strength": -15.466055, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -36.172231, "energy": 16.03218, "activity_lines": [ 961.2, 959.763636, 963.552381, 967.864516 ] }, { "date": "2024-02-16", "close": 851.0, "volume": 584600, "typical_volume": 327155.0, "trend": 966.433333, "fair_value": 1141.24359, "relative_strength": -27.199047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.070514, "energy": 67.123148, "activity_lines": [ 924.0, 940.836364, 952.152381, 960.245161 ] }, { "date": "2024-02-23", "close": 814.0, "volume": 352800, "typical_volume": 290740.0, "trend": 962.3, "fair_value": 1139.688034, "relative_strength": -30.865827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.614129, "energy": 84.846071, "activity_lines": [ 882.4, 916.763636, 937.942857, 950.410753 ] }, { "date": "2024-03-01", "close": 790.0, "volume": 379500, "typical_volume": 299840.0, "trend": 956.966667, "fair_value": 1136.055556, "relative_strength": -33.663976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.247499, "energy": 92.111924, "activity_lines": [ 842.266667, 890.490909, 922.409524, 939.294624 ] }, { "date": "2024-03-08", "close": 780.0, "volume": 494100, "typical_volume": 311315.0, "trend": 951.466667, "fair_value": 1133.811966, "relative_strength": -33.496548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.178149, "energy": 93.100894, "activity_lines": [ 810.6, 864.981818, 906.795238, 927.877419 ] }, { "date": "2024-03-15", "close": 741.0, "volume": 492400, "typical_volume": 307140.0, "trend": 944.133333, "fair_value": 1131.275642, "relative_strength": -34.586626, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.520216, "energy": 94.26643, "activity_lines": [ 778.266667, 835.854545, 888.466667, 914.298925 ] }, { "date": "2024-03-22", "close": 733.0, "volume": 184800, "typical_volume": 302505.0, "trend": 935.033333, "fair_value": 1124.222223, "relative_strength": -38.027144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.281986, "energy": 92.76034, "activity_lines": [ 757.533333, 809.327273, 870.485714, 900.677419 ] }, { "date": "2024-03-29", "close": 748.0, "volume": 512900, "typical_volume": 317075.0, "trend": 925.766667, "fair_value": 1115.448718, "relative_strength": -35.201729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.170323, "energy": 86.961977, "activity_lines": [ 749.666667, 789.836364, 855.109524, 888.610753 ] }, { "date": "2024-04-05", "close": 678.0, "volume": 285700, "typical_volume": 314615.0, "trend": 915.966667, "fair_value": 1104.910256, "relative_strength": -38.315872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.523991, "energy": 84.836856, "activity_lines": [ 722.866667, 761.4, 834.147619, 872.625806 ] }, { "date": "2024-04-12", "close": 681.0, "volume": 160900, "typical_volume": 314630.0, "trend": 906.5, "fair_value": 1094.660256, "relative_strength": -38.135394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.898824, "energy": 73.302233, "activity_lines": [ 704.533333, 738.763636, 814.97619, 857.466667 ] }, { "date": "2024-04-19", "close": 651.0, "volume": 161900, "typical_volume": 313995.0, "trend": 896.033333, "fair_value": 1082.980769, "relative_strength": -36.277693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.87078, "energy": 71.849292, "activity_lines": [ 682.8, 715.836364, 794.419048, 840.982796 ] }, { "date": "2024-04-26", "close": 651.0, "volume": 218900, "typical_volume": 293365.0, "trend": 884.366667, "fair_value": 1072.403846, "relative_strength": -37.079161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.801421, "energy": 69.880055, "activity_lines": [ 667.066667, 698.436364, 775.380952, 825.174194 ] }, { "date": "2024-05-03", "close": 633.0, "volume": 55700, "typical_volume": 277230.0, "trend": 871.6, "fair_value": 1062.826923, "relative_strength": -38.652308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.320796, "energy": 72.297669, "activity_lines": [ 650.8, 681.4, 755.995238, 808.956989 ] }, { "date": "2024-05-10", "close": 630.0, "volume": 79700, "typical_volume": 267490.0, "trend": 860.166667, "fair_value": 1055.038462, "relative_strength": -38.276838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.422297, "energy": 68.24773, "activity_lines": [ 641.2, 667.109091, 737.752381, 793.369892 ] }, { "date": "2024-05-17", "close": 707.0, "volume": 533700, "typical_volume": 279310.0, "trend": 850.733333, "fair_value": 1049.467949, "relative_strength": -31.143183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.667706, "energy": 62.179022, "activity_lines": [ 660.466667, 669.727273, 728.280952, 783.488172 ] }, { "date": "2024-05-24", "close": 687.0, "volume": 604500, "typical_volume": 305720.0, "trend": 841.166667, "fair_value": 1044.923077, "relative_strength": -32.252016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.648693, "energy": 49.265845, "activity_lines": [ 671.333333, 670.036364, 718.161905, 772.924731 ] }, { "date": "2024-05-31", "close": 700.0, "volume": 152700, "typical_volume": 301990.0, "trend": 831.833333, "fair_value": 1040.25641, "relative_strength": -30.078874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.139746, "energy": 38.770563, "activity_lines": [ 684.133333, 673.690909, 710.6, 763.817204 ] }, { "date": "2024-06-07", "close": 642.0, "volume": 203100, "typical_volume": 303450.0, "trend": 820.733333, "fair_value": 1036.070513, "relative_strength": -35.630146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.677644, "energy": 38.18617, "activity_lines": [ 674.333333, 667.4, 698.8, 751.569892 ] }, { "date": "2024-06-14", "close": 655.0, "volume": 115100, "typical_volume": 297955.0, "trend": 809.433333, "fair_value": 1031.871795, "relative_strength": -33.995307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.513869, "energy": 39.808115, "activity_lines": [ 668.266667, 665.4, 689.733333, 740.877419 ] }, { "date": "2024-06-21", "close": 645.0, "volume": 80700, "typical_volume": 294020.0, "trend": 797.933333, "fair_value": 1027.685897, "relative_strength": -33.950459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.388751, "energy": 46.034587, "activity_lines": [ 657.2, 662.0, 681.2, 730.268817 ] }, { "date": "2024-06-28", "close": 705.0, "volume": 285400, "typical_volume": 296955.0, "trend": 789.1, "fair_value": 1024.307692, "relative_strength": -28.955131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.785087, "energy": 34.756647, "activity_lines": [ 670.266667, 670.163636, 679.904762, 724.273118 ] }, { "date": "2024-07-05", "close": 716.0, "volume": 228700, "typical_volume": 279160.0, "trend": 781.7, "fair_value": 1021.737179, "relative_strength": -29.51121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.255508, "energy": 23.498108, "activity_lines": [ 685.8, 679.345455, 680.847619, 719.556989 ] }, { "date": "2024-07-12", "close": 724.0, "volume": 119500, "typical_volume": 267495.0, "trend": 774.733333, "fair_value": 1019.551282, "relative_strength": -28.518636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.525057, "energy": 14.677765, "activity_lines": [ 702.933333, 688.8, 683.195238, 715.834409 ] }, { "date": "2024-07-19", "close": 694.0, "volume": 95900, "typical_volume": 253315.0, "trend": 766.8, "fair_value": 1017.320513, "relative_strength": -28.914104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.289904, "energy": 17.454288, "activity_lines": [ 704.6, 691.145455, 683.114286, 710.625806 ] }, { "date": "2024-07-26", "close": 659.0, "volume": 131700, "typical_volume": 235195.0, "trend": 756.4, "fair_value": 1015.057692, "relative_strength": -27.568103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.081783, "energy": 15.870152, "activity_lines": [ 692.0, 685.963636, 680.157143, 703.670968 ] }, { "date": "2024-08-02", "close": 551.0, "volume": 223800, "typical_volume": 221765.0, "trend": 742.633333, "fair_value": 1012.307692, "relative_strength": -35.749577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.502778, "energy": 45.2584, "activity_lines": [ 642.466667, 662.018182, 667.490476, 690.419355 ] }, { "date": "2024-08-09", "close": 510.0, "volume": 378700, "typical_volume": 231460.0, "trend": 727.3, "fair_value": 1009.442308, "relative_strength": -38.306004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.774093, "energy": 76.844805, "activity_lines": [ 589.533333, 633.090909, 651.82381, 675.410753 ] }, { "date": "2024-08-16", "close": 521.0, "volume": 164700, "typical_volume": 214050.0, "trend": 712.8, "fair_value": 1007.012821, "relative_strength": -41.196992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.962569, "energy": 83.516639, "activity_lines": [ 554.0, 609.618182, 638.266667, 662.101075 ] }, { "date": "2024-08-23", "close": 526.0, "volume": 92200, "typical_volume": 204375.0, "trend": 698.1, "fair_value": 1004.519231, "relative_strength": -40.205231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.155285, "energy": 85.327425, "activity_lines": [ 533.666667, 589.254545, 626.266667, 650.049462 ] }, { "date": "2024-08-30", "close": 541.0, "volume": 72000, "typical_volume": 199930.0, "trend": 683.966667, "fair_value": 1001.980769, "relative_strength": -38.048768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.674492, "energy": 82.296309, "activity_lines": [ 529.533333, 573.963636, 616.419048, 639.913978 ] }, { "date": "2024-09-06", "close": 552.0, "volume": 134600, "typical_volume": 198565.0, "trend": 670.533333, "fair_value": 999.608974, "relative_strength": -32.022977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.8973, "energy": 71.081333, "activity_lines": [ 536.933333, 562.563636, 608.285714, 631.4 ] }, { "date": "2024-09-13", "close": 525.0, "volume": 100500, "typical_volume": 192645.0, "trend": 659.666667, "fair_value": 997.416667, "relative_strength": -34.874559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.72495, "energy": 54.032596, "activity_lines": [ 535.266667, 549.036364, 598.052381, 622.010753 ] }, { "date": "2024-09-20", "close": 540.0, "volume": 93500, "typical_volume": 194535.0, "trend": 650.533333, "fair_value": 995.365385, "relative_strength": -34.153149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.729464, "energy": 45.429019, "activity_lines": [ 537.6, 541.709091, 589.847619, 614.290323 ] }, { "date": "2024-09-27", "close": 562.0, "volume": 94400, "typical_volume": 195270.0, "trend": 642.933333, "fair_value": 993.49359, "relative_strength": -34.084007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.269809, "energy": 36.882971, "activity_lines": [ 546.0, 541.727273, 584.180952, 608.578495 ] }, { "date": "2024-10-04", "close": 542.0, "volume": 184100, "typical_volume": 177790.0, "trend": 635.0, "fair_value": 991.525641, "relative_strength": -33.3424, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.890342, "energy": 34.400383, "activity_lines": [ 545.333333, 540.509091, 576.933333, 602.066667 ] }, { "date": "2024-10-11", "close": 514.0, "volume": 57500, "typical_volume": 150440.0, "trend": 627.433333, "fair_value": 989.538462, "relative_strength": -37.353802, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -62.786778, "energy": 40.287461, "activity_lines": [ 535.266667, 536.327273, 567.804762, 594.260215 ] }, { "date": "2024-10-18", "close": 510.0, "volume": 24300, "typical_volume": 144020.0, "trend": 620.0, "fair_value": 987.878205, "relative_strength": -35.737404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.212288, "energy": 42.470618, "activity_lines": [ 526.4, 532.090909, 559.119048, 586.683871 ] }, { "date": "2024-10-25", "close": 465.0, "volume": 100000, "typical_volume": 138865.0, "trend": 610.566667, "fair_value": 974.50641, "relative_strength": -38.646825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.403238, "energy": 58.755921, "activity_lines": [ 503.533333, 519.672727, 547.052381, 576.683871 ] }, { "date": "2024-11-01", "close": 489.0, "volume": 107300, "typical_volume": 138475.0, "trend": 604.266667, "fair_value": 950.012821, "relative_strength": -34.595756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.698605, "energy": 69.831402, "activity_lines": [ 493.666667, 512.636364, 538.114286, 568.84086 ] }, { "date": "2024-11-08", "close": 487.0, "volume": 52800, "typical_volume": 137080.0, "trend": 597.8, "fair_value": 941.583333, "relative_strength": -36.148417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.260165, "energy": 75.542688, "activity_lines": [ 488.0, 505.909091, 529.77619, 561.275269 ] }, { "date": "2024-11-15", "close": 459.0, "volume": 120600, "typical_volume": 128840.0, "trend": 591.4, "fair_value": 930.74359, "relative_strength": -37.379136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.848224, "energy": 82.197572, "activity_lines": [ 476.666667, 495.072727, 519.52381, 552.32043 ] }, { "date": "2024-11-22", "close": 457.0, "volume": 75000, "typical_volume": 121155.0, "trend": 584.933333, "fair_value": 916.923077, "relative_strength": -35.930183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.372238, "energy": 79.516399, "activity_lines": [ 468.333333, 485.563636, 510.252381, 543.649462 ] }, { "date": "2024-11-29", "close": 469.0, "volume": 71600, "typical_volume": 118760.0, "trend": 579.466667, "fair_value": 905.102564, "relative_strength": -32.959005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.412765, "energy": 64.863653, "activity_lines": [ 467.533333, 479.472727, 503.357143, 536.169892 ] }, { "date": "2024-12-06", "close": 460.0, "volume": 93900, "typical_volume": 118660.0, "trend": 573.8, "fair_value": 897.128205, "relative_strength": -34.544007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.891386, "energy": 59.390803, "activity_lines": [ 463.466667, 473.036364, 496.819048, 528.462366 ] }, { "date": "2024-12-13", "close": 515.0, "volume": 255900, "typical_volume": 124870.0, "trend": 567.4, "fair_value": 891.487179, "relative_strength": -26.218284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.171029, "energy": 37.64848, "activity_lines": [ 479.666667, 478.454545, 496.633333, 524.668817 ] }, { "date": "2024-12-20", "close": 478.0, "volume": 88900, "typical_volume": 118125.0, "trend": 560.433333, "fair_value": 886.153846, "relative_strength": -28.942361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.6395, "energy": 30.52464, "activity_lines": [ 481.666667, 477.636364, 493.609524, 518.901075 ] }, { "date": "2024-12-27", "close": 458.0, "volume": 162500, "typical_volume": 107315.0, "trend": 552.366667, "fair_value": 881.423077, "relative_strength": -33.282236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.896655, "energy": 33.477544, "activity_lines": [ 475.733333, 473.836364, 489.028571, 512.292473 ] }, { "date": "2025-01-03", "close": 460.0, "volume": 23800, "typical_volume": 100270.0, "trend": 546.3, "fair_value": 877.358974, "relative_strength": -30.990302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.931013, "energy": 35.956529, "activity_lines": [ 470.4, 471.345455, 484.885714, 506.333333 ] }, { "date": "2025-01-10", "close": 670.0, "volume": 14464800, "typical_volume": 818900.0, "trend": 546.8, "fair_value": 873.839744, "relative_strength": 3.531797, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.658757, "energy": 16.944081, "activity_lines": [ 535.666667, 507.127273, 501.033333, 514.313978 ] }, { "date": "2025-01-17", "close": 521.0, "volume": 2308900, "typical_volume": 930745.0, "trend": 542.666667, "fair_value": 870.358974, "relative_strength": -16.680643, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -11.812465, "energy": 15.846145, "activity_lines": [ 537.266667, 512.527273, 502.304762, 512.649462 ] }, { "date": "2025-01-24", "close": 550.0, "volume": 2197900, "typical_volume": 1033910.0, "trend": 537.5, "fair_value": 866.987179, "relative_strength": -13.953248, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.215002, "energy": 19.711339, "activity_lines": [ 548.133333, 522.581818, 506.433333, 513.122581 ] }, { "date": "2025-01-31", "close": 525.0, "volume": 569900, "typical_volume": 1057380.0, "trend": 531.133333, "fair_value": 862.621795, "relative_strength": -15.759959, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.248254, "energy": 20.45889, "activity_lines": [ 545.866667, 526.436364, 508.190476, 512.316129 ] }, { "date": "2025-02-07", "close": 525.0, "volume": 545300, "typical_volume": 1079970.0, "trend": 524.5, "fair_value": 858.846154, "relative_strength": -12.738387, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.215002, "energy": 8.165167, "activity_lines": [ 539.133333, 529.054545, 509.947619, 511.92043 ] }, { "date": "2025-02-14", "close": 505.0, "volume": 378600, "typical_volume": 1094180.0, "trend": 518.2, "fair_value": 855.314103, "relative_strength": -15.878923, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.012724, "energy": 4.174795, "activity_lines": [ 521.4, 527.018182, 509.871429, 510.662366 ] }, { "date": "2025-02-21", "close": 526.0, "volume": 333300, "typical_volume": 1101640.0, "trend": 513.766667, "fair_value": 852.153846, "relative_strength": -10.726971, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.920964, "energy": 3.777938, "activity_lines": [ 521.666667, 527.981818, 512.066667, 511.165591 ] }, { "date": "2025-02-28", "close": 502.0, "volume": 173600, "typical_volume": 1107445.0, "trend": 512.133333, "fair_value": 848.801282, "relative_strength": -10.369431, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.349118, "energy": 5.270408, "activity_lines": [ 513.6, 524.381818, 512.052381, 510.406452 ] }, { "date": "2025-03-07", "close": 486.0, "volume": 200500, "typical_volume": 1116255.0, "trend": 511.333333, "fair_value": 842.865385, "relative_strength": -11.866646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.42199, "energy": 9.125907, "activity_lines": [ 503.4, 517.436364, 510.571429, 508.72043 ] }, { "date": "2025-03-14", "close": 496.0, "volume": 102600, "typical_volume": 1116385.0, "trend": 510.5, "fair_value": 837.615385, "relative_strength": -9.787869, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.641585, "energy": 7.846832, "activity_lines": [ 499.133333, 511.8, 510.157143, 507.731183 ] }, { "date": "2025-03-21", "close": 492.0, "volume": 93400, "typical_volume": 1115690.0, "trend": 509.366667, "fair_value": 832.948718, "relative_strength": -11.438527, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.75822, "energy": 20.067929, "activity_lines": [ 495.466667, 504.781818, 509.214286, 506.537634 ] }, { "date": "2025-03-28", "close": 490.0, "volume": 106900, "typical_volume": 1118395.0, "trend": 507.666667, "fair_value": 828.358974, "relative_strength": -9.849172, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.852968, "energy": 15.554558, "activity_lines": [ 492.0, 500.636364, 508.066667, 505.288172 ] }, { "date": "2025-04-04", "close": 423.0, "volume": 248600, "typical_volume": 1124795.0, "trend": 503.366667, "fair_value": 824.391026, "relative_strength": -13.931702, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.960772, "energy": 38.056036, "activity_lines": [ 468.6, 484.872727, 500.52381, 499.825806 ] }, { "date": "2025-04-11", "close": 434.0, "volume": 253700, "typical_volume": 1133730.0, "trend": 500.333333, "fair_value": 820.679487, "relative_strength": -10.672142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.710706, "energy": 60.956573, "activity_lines": [ 454.133333, 473.418182, 494.2, 495.350538 ] }, { "date": "2025-04-18", "close": 514.0, "volume": 440800, "typical_volume": 1152190.0, "trend": 499.466667, "fair_value": 817.942308, "relative_strength": 2.68396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.332577, "energy": 44.6588, "activity_lines": [ 469.8, 478.163636, 495.604762, 496.232258 ] }, { "date": "2025-04-25", "close": 479.0, "volume": 400200, "typical_volume": 1167505.0, "trend": 496.7, "fair_value": 815.198718, "relative_strength": -6.454842, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.342229, "energy": 41.952781, "activity_lines": [ 472.6, 476.745455, 493.461905, 494.911828 ] }, { "date": "2025-05-02", "close": 480.0, "volume": 49400, "typical_volume": 1157180.0, "trend": 494.633333, "fair_value": 812.641026, "relative_strength": -8.691452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.832696, "energy": 19.720409, "activity_lines": [ 476.6, 475.981818, 491.32381, 493.834409 ] }, { "date": "2025-05-09", "close": 479.0, "volume": 40500, "typical_volume": 1154760.0, "trend": 493.466667, "fair_value": 810.532051, "relative_strength": -10.066694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.467195, "energy": 18.002577, "activity_lines": [ 480.933333, 475.872727, 489.257143, 492.825806 ] }, { "date": "2025-05-16", "close": 545.0, "volume": 275100, "typical_volume": 1160390.0, "trend": 494.633333, "fair_value": 807.987179, "relative_strength": 2.170921, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.253364, "energy": 17.558915, "activity_lines": [ 503.533333, 488.181818, 493.471429, 496.150538 ] }, { "date": "2025-05-23", "close": 496.0, "volume": 179200, "typical_volume": 1168160.0, "trend": 495.666667, "fair_value": 805.634615, "relative_strength": -4.957662, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.755061, "energy": 11.480896, "activity_lines": [ 502.4, 490.509091, 492.604762, 496.23871 ] }, { "date": "2025-05-30", "close": 518.0, "volume": 84000, "typical_volume": 449120.0, "trend": 496.633333, "fair_value": 803.115385, "relative_strength": -2.237517, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.177353, "energy": 20.353632, "activity_lines": [ 509.8, 496.836364, 493.661905, 497.67957 ] }, { "date": "2025-06-06", "close": 501.0, "volume": 1718200, "typical_volume": 419585.0, "trend": 497.1, "fair_value": 800.480769, "relative_strength": -4.4487, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.551072, "energy": 17.464811, "activity_lines": [ 508.933333, 499.6, 493.82381, 497.96129 ] }, { "date": "2025-06-13", "close": 496.0, "volume": 224800, "typical_volume": 320930.0, "trend": 498.333333, "fair_value": 798.333333, "relative_strength": -5.139511, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.295669, "energy": 6.453054, "activity_lines": [ 505.0, 501.254545, 493.604762, 497.890323 ] }, { "date": "2025-06-20", "close": 524.0, "volume": 159500, "typical_volume": 300410.0, "trend": 500.566667, "fair_value": 796.333333, "relative_strength": -0.846151, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.894532, "energy": 11.896226, "activity_lines": [ 509.266667, 506.672727, 496.309524, 499.546237 ] }, { "date": "2025-06-27", "close": 532.0, "volume": 167600, "typical_volume": 281525.0, "trend": 502.666667, "fair_value": 794.50641, "relative_strength": -3.096304, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.085543, "energy": 13.440094, "activity_lines": [ 517.6, 511.909091, 499.780952, 501.574194 ] }, { "date": "2025-07-04", "close": 500.0, "volume": 104900, "typical_volume": 267840.0, "trend": 504.0, "fair_value": 792.237179, "relative_strength": -7.504665, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.184157, "energy": 8.726707, "activity_lines": [ 512.866667, 511.0, 500.171429, 501.402151 ] }, { "date": "2025-07-11", "close": 535.0, "volume": 885200, "typical_volume": 295435.0, "trend": 504.666667, "fair_value": 790.102564, "relative_strength": 0.14863, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.639459, "energy": 24.784527, "activity_lines": [ 521.0, 516.072727, 503.919048, 503.402151 ] }, { "date": "2025-07-18", "close": 557.0, "volume": 1354500, "typical_volume": 354480.0, "trend": 507.3, "fair_value": 787.967949, "relative_strength": 4.108199, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.147596, "energy": 36.402789, "activity_lines": [ 534.2, 524.145455, 509.719048, 506.778495 ] }, { "date": "2025-07-25", "close": 536.0, "volume": 283800, "typical_volume": 358645.0, "trend": 509.9, "fair_value": 785.807692, "relative_strength": -3.140171, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 23.828688, "energy": 30.694346, "activity_lines": [ 536.333333, 526.981818, 513.257143, 508.630108 ] }, { "date": "2025-08-01", "close": 540.0, "volume": 135100, "typical_volume": 360270.0, "trend": 512.566667, "fair_value": 783.166667, "relative_strength": -0.544712, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 25.302034, "energy": 35.929052, "activity_lines": [ 539.0, 530.709091, 516.938095, 510.572043 ] }, { "date": "2025-08-08", "close": 560.0, "volume": 193300, "typical_volume": 365265.0, "trend": 508.9, "fair_value": 780.833333, "relative_strength": 0.791575, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.231341, "energy": 48.192232, "activity_lines": [ 547.8, 537.272727, 522.314286, 513.632258 ] }, { "date": "2025-08-15", "close": 547.0, "volume": 142800, "typical_volume": 367060.0, "trend": 509.766667, "fair_value": 777.942308, "relative_strength": -4.935554, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.112251, "energy": 38.452164, "activity_lines": [ 548.266667, 540.709091, 526.128571, 516.090323 ] }, { "date": "2025-08-22", "close": 526.0, "volume": 123200, "typical_volume": 360790.0, "trend": 508.966667, "fair_value": 774.833333, "relative_strength": -6.802215, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.336322, "energy": 27.979031, "activity_lines": [ 540.933333, 539.490909, 527.671429, 517.137634 ] }, { "date": "2025-08-29", "close": 526.0, "volume": 157100, "typical_volume": 355960.0, "trend": 509.0, "fair_value": 771.980769, "relative_strength": -6.759814, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.351266, "energy": 20.116344, "activity_lines": [ 535.666667, 537.727273, 528.72381, 518.236559 ] }, { "date": "2025-09-05", "close": 503.0, "volume": 106500, "typical_volume": 339245.0, "trend": 508.266667, "fair_value": 768.064103, "relative_strength": -11.008801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.071239, "energy": 13.935283, "activity_lines": [ 523.4, 531.745455, 527.147619, 517.849462 ] }, { "date": "2025-09-12", "close": 487.0, "volume": 147200, "typical_volume": 326595.0, "trend": 507.666667, "fair_value": 764.0, "relative_strength": -16.783339, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": -2.120299, "energy": 14.416032, "activity_lines": [ 508.266667, 523.381818, 524.1, 516.477419 ] }, { "date": "2025-09-19", "close": 507.0, "volume": 73600, "typical_volume": 327805.0, "trend": 507.033333, "fair_value": 760.660256, "relative_strength": -13.510623, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.418346, "energy": 18.973053, "activity_lines": [ 504.666667, 518.890909, 522.919048, 516.434409 ] }, { "date": "2025-09-26", "close": 490.0, "volume": 65500, "typical_volume": 329055.0, "trend": 506.633333, "fair_value": 757.391026, "relative_strength": -16.572841, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.510697, "energy": 30.482175, "activity_lines": [ 498.066667, 511.818182, 519.990476, 515.335484 ] }, { "date": "2025-10-03", "close": 466.0, "volume": 138200, "typical_volume": 322210.0, "trend": 505.966667, "fair_value": 753.128205, "relative_strength": -20.925873, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.527249, "energy": 45.001211, "activity_lines": [ 485.866667, 501.6, 514.72381, 512.713978 ] }, { "date": "2025-10-10", "close": 457.0, "volume": 106000, "typical_volume": 318550.0, "trend": 504.666667, "fair_value": 748.660256, "relative_strength": -25.808085, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.741564, "energy": 54.892704, "activity_lines": [ 474.666667, 491.018182, 508.97619, 509.554839 ] }, { "date": "2025-10-17", "close": 436.0, "volume": 118200, "typical_volume": 320260.0, "trend": 502.8, "fair_value": 744.102564, "relative_strength": -28.040153, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.231294, "energy": 70.212352, "activity_lines": [ 459.533333, 478.127273, 501.414286, 505.124731 ] }, { "date": "2025-10-24", "close": 440.0, "volume": 61800, "typical_volume": 237440.0, "trend": 501.133333, "fair_value": 739.487179, "relative_strength": -29.554608, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.549831, "energy": 80.591474, "activity_lines": [ 449.133333, 468.218182, 494.62381, 501.073118 ] }, { "date": "2025-10-31", "close": 409.0, "volume": 120500, "typical_volume": 232225.0, "trend": 500.666667, "fair_value": 735.051282, "relative_strength": -37.930053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.480415, "energy": 87.350714, "activity_lines": [ 432.866667, 454.618182, 485.171429, 495.129032 ] }, { "date": "2025-11-07", "close": 400.0, "volume": 86900, "typical_volume": 228595.0, "trend": 499.533333, "fair_value": 730.365385, "relative_strength": -36.291977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.696691, "energy": 90.032404, "activity_lines": [ 419.0, 441.509091, 475.27619, 488.634409 ] }, { "date": "2025-11-14", "close": 401.0, "volume": 62400, "typical_volume": 223335.0, "trend": 495.766667, "fair_value": 726.403846, "relative_strength": -35.872795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.121082, "energy": 87.967747, "activity_lines": [ 409.866667, 430.872727, 466.066667, 482.277419 ] }, { "date": "2025-11-21", "close": 383.0, "volume": 119300, "typical_volume": 224055.0, "trend": 492.566667, "fair_value": 722.455128, "relative_strength": -36.144501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.031314, "energy": 89.709626, "activity_lines": [ 398.466667, 418.818182, 455.766667, 475.002151 ] }, { "date": "2025-11-28", "close": 417.0, "volume": 84700, "typical_volume": 184030.0, "trend": 490.466667, "fair_value": 718.410256, "relative_strength": -32.308459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.313669, "energy": 71.684185, "activity_lines": [ 401.933333, 414.836364, 449.261905, 470.126882 ] }, { "date": "2025-12-05", "close": 375.0, "volume": 135400, "typical_volume": 123075.0, "trend": 487.0, "fair_value": 714.057692, "relative_strength": -38.997824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.046527, "energy": 65.804823, "activity_lines": [ 392.933333, 404.854545, 439.319048, 462.677419 ] }, { "date": "2025-12-12", "close": 361.0, "volume": 127800, "typical_volume": 115275.0, "trend": 480.866667, "fair_value": 709.884615, "relative_strength": -41.120354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.377806, "energy": 68.761414, "activity_lines": [ 381.533333, 394.418182, 428.909524, 454.548387 ] }, { "date": "2025-12-19", "close": 345.0, "volume": 178600, "typical_volume": 117450.0, "trend": 475.833333, "fair_value": 705.826923, "relative_strength": -41.718883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.371191, "energy": 69.521114, "activity_lines": [ 367.4, 382.981818, 417.809524, 445.782796 ] }, { "date": "2025-12-26", "close": 334.0, "volume": 356700, "typical_volume": 125620.0, "trend": 469.7, "fair_value": 701.615385, "relative_strength": -44.532038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.879553, "energy": 86.608423, "activity_lines": [ 353.333333, 371.581818, 406.590476, 436.632258 ] }, { "date": "2026-01-02", "close": 356.0, "volume": 170300, "typical_volume": 126995.0, "trend": 464.866667, "fair_value": 697.429487, "relative_strength": -39.962015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.70056, "energy": 77.696441, "activity_lines": [ 349.866667, 366.036364, 398.542857, 429.296774 ] }, { "date": "2026-01-09", "close": 371.0, "volume": 557000, "typical_volume": 148685.0, "trend": 460.7, "fair_value": 693.333333, "relative_strength": -38.358558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.164394, "energy": 59.827336, "activity_lines": [ 355.466667, 364.745455, 392.833333, 423.24086 ] }, { "date": "2026-01-16", "close": 419.0, "volume": 497000, "typical_volume": 165680.0, "trend": 457.2, "fair_value": 689.307692, "relative_strength": -32.310606, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.232929, "energy": 38.399531, "activity_lines": [ 377.333333, 372.872727, 392.433333, 420.550538 ] }, { "date": "2026-01-23", "close": 424.0, "volume": 283600, "typical_volume": 174535.0, "trend": 453.6, "fair_value": 685.487179, "relative_strength": -30.704267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.82206, "energy": 23.724144, "activity_lines": [ 397.0, 381.563636, 393.019048, 418.408602 ] }, { "date": "2026-01-30", "close": 398.0, "volume": 160600, "typical_volume": 175205.0, "trend": 450.2, "fair_value": 681.615385, "relative_strength": -33.662833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.675553, "energy": 26.583281, "activity_lines": [ 402.733333, 385.109091, 391.504762, 414.821505 ] }, { "date": "2026-02-06", "close": 405.0, "volume": 208500, "typical_volume": 181950.0, "trend": 445.866667, "fair_value": 678.089744, "relative_strength": -32.958671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.570788, "energy": 25.012426, "activity_lines": [ 406.533333, 389.654545, 391.080952, 411.905376 ] }, { "date": "2026-02-13", "close": 403.0, "volume": 231900, "typical_volume": 190270.0, "trend": 440.733333, "fair_value": 674.519231, "relative_strength": -35.793609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.111381, "energy": 16.03077, "activity_lines": [ 406.4, 394.054545, 390.952381, 409.139785 ] }, { "date": "2026-02-20", "close": 426.0, "volume": 375500, "typical_volume": 202135.0, "trend": 437.066667, "fair_value": 671.224359, "relative_strength": -31.262657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.095591, "energy": 9.438283, "activity_lines": [ 411.8, 402.127273, 393.428571, 408.189247 ] }, { "date": "2026-02-27", "close": 433.0, "volume": 144600, "typical_volume": 204065.0, "trend": 433.5, "fair_value": 667.897436, "relative_strength": -31.796742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.177607, "energy": 13.453103, "activity_lines": [ 419.066667, 410.290909, 396.761905, 407.926882 ] }, { "date": "2026-03-06", "close": 402.0, "volume": 221900, "typical_volume": 209250.0, "trend": 428.233333, "fair_value": 664.230769, "relative_strength": -32.285216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.661542, "energy": 12.203422, "activity_lines": [ 415.4, 411.218182, 397.257143, 405.894624 ] }, { "date": "2026-03-13", "close": 389.0, "volume": 104000, "typical_volume": 211360.0, "trend": 422.966667, "fair_value": 660.762821, "relative_strength": -31.522201, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.45012, "energy": 14.143617, "activity_lines": [ 407.133333, 408.545455, 396.67619, 403.363441 ] }, { "date": "2026-03-20", "close": 388.0, "volume": 83100, "typical_volume": 209490.0, "trend": 418.366667, "fair_value": 657.012821, "relative_strength": -30.391967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.309135, "energy": 15.243871, "activity_lines": [ 399.6, 405.090909, 396.242857, 401.107527 ] }, { "date": "2026-03-27", "close": 393.0, "volume": 176300, "typical_volume": 213960.0, "trend": 413.933333, "fair_value": 653.096154, "relative_strength": -28.72964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.298977, "energy": 19.557782, "activity_lines": [ 394.733333, 402.236364, 396.385714, 399.470968 ] }, { "date": "2026-04-03", "close": 389.0, "volume": 100200, "typical_volume": 215850.0, "trend": 410.133333, "fair_value": 648.801282, "relative_strength": -28.430954, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.500026, "energy": 22.129383, "activity_lines": [ 390.733333, 399.127273, 396.180952, 397.862366 ] }, { "date": "2026-04-10", "close": 396.0, "volume": 142500, "typical_volume": 217010.0, "trend": 407.1, "fair_value": 644.987179, "relative_strength": -31.23645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.869064, "energy": 19.49464, "activity_lines": [ 392.0, 397.927273, 396.7, 396.950538 ] }, { "date": "2026-04-17", "close": 413.0, "volume": 104100, "typical_volume": 217980.0, "trend": 403.966667, "fair_value": 641.647436, "relative_strength": -29.145541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.057283, "energy": 6.770807, "activity_lines": [ 399.333333, 399.854545, 398.77619, 397.331183 ] }, { "date": "2026-04-24", "close": 401.0, "volume": 60900, "typical_volume": 214255.0, "trend": 401.0, "fair_value": 638.288462, "relative_strength": -31.750921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.390217, "energy": 2.266498, "activity_lines": [ 401.066667, 399.454545, 399.728571, 397.139785 ] }, { "date": "2026-05-01", "close": 386.0, "volume": 66600, "typical_volume": 211195.0, "trend": 398.333333, "fair_value": 634.865385, "relative_strength": -33.225303, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.090084, "energy": 4.804093, "activity_lines": [ 396.933333, 396.363636, 399.128571, 396.172043 ] }, { "date": "2026-05-08", "close": 404.0, "volume": 44700, "typical_volume": 204500.0, "trend": 396.566667, "fair_value": 631.544872, "relative_strength": -32.836391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.393314, "energy": 3.963858, "activity_lines": [ 399.266667, 397.272727, 400.12381, 396.537634 ] }, { "date": "2026-05-15", "close": 369.0, "volume": 98000, "typical_volume": 191565.0, "trend": 394.333333, "fair_value": 627.974359, "relative_strength": -36.275359, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.847837, "energy": 19.074208, "activity_lines": [ 388.933333, 392.345455, 397.504762, 394.75914 ] }, { "date": "2026-05-22", "close": 396.0, "volume": 218700, "typical_volume": 193985.0, "trend": 392.866667, "fair_value": 624.596154, "relative_strength": -32.722617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.661655, "energy": 13.076494, "activity_lines": [ 389.4, 392.927273, 397.290476, 394.866667 ] }, { "date": "2026-05-29", "close": 382.0, "volume": 155500, "typical_volume": 173910.0, "trend": 391.966667, "fair_value": 620.974359, "relative_strength": -36.999049, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.59916, "energy": 17.306518, "activity_lines": [ 386.333333, 390.836364, 395.552381, 394.165591 ] }, { "date": "2026-06-05", "close": 362.0, "volume": 9700, "typical_volume": 149545.0, "trend": 390.7, "fair_value": 617.397436, "relative_strength": -39.532347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -33.732491, "energy": 37.334911, "activity_lines": [ 377.866667, 385.218182, 391.857143, 392.232258 ] }, { "date": "2026-06-12", "close": 344.0, "volume": 44000, "typical_volume": 137565.0, "trend": 388.8, "fair_value": 613.532051, "relative_strength": -41.048525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -40.57438, "energy": 47.843207, "activity_lines": [ 365.0, 376.890909, 386.719048, 389.219355 ] }, { "date": "2026-06-19", "close": 347.0, "volume": 16700, "typical_volume": 130370.0, "trend": 387.6, "fair_value": 609.346154, "relative_strength": -43.827006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.254686, "energy": 65.405964, "activity_lines": [ 357.133333, 369.927273, 382.247619, 386.522581 ] }, { "date": "2026-06-26", "close": 342.0, "volume": 19500, "typical_volume": 120920.0, "trend": 385.1, "fair_value": 605.185897, "relative_strength": -42.059297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.789394, "energy": 72.824664, "activity_lines": [ 349.066667, 362.945455, 377.542857, 383.580645 ] }, { "date": "2026-07-03", "close": 359.0, "volume": 3400, "typical_volume": 109495.0, "trend": 384.566667, "fair_value": 601.24359, "relative_strength": -38.482981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.13638, "energy": 67.555729, "activity_lines": [ 350.266667, 360.345455, 374.757143, 381.896774 ] }, { "date": "2026-07-10", "close": 361.0, "volume": 8500, "typical_volume": 91145.0, "trend": 384.566667, "fair_value": 597.333333, "relative_strength": -35.852831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.9479, "energy": 56.712482, "activity_lines": [ 353.666667, 358.872727, 372.371429, 380.376344 ] }, { "date": "2026-07-17", "close": 335.0, "volume": 25200, "typical_volume": 85175.0, "trend": 384.233333, "fair_value": 593.512821, "relative_strength": -35.039995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.627888, "energy": 58.692716, "activity_lines": [ 348.466667, 353.127273, 367.819048, 377.178495 ] }, { "date": "2026-07-24", "close": 346.0, "volume": 46900, "typical_volume": 76425.0, "trend": 384.633333, "fair_value": 589.717949, "relative_strength": -32.166162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.474019, "energy": 41.775878, "activity_lines": [ 347.533333, 350.636364, 364.780952, 374.711828 ] }, { "date": "2026-07-31", "close": 335.0, "volume": 62800, "typical_volume": 74365.0, "trend": 383.933333, "fair_value": 585.775641, "relative_strength": -32.753014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.031776, "energy": 53.954287, "activity_lines": [ 343.0, 346.563636, 360.961905, 371.509677 ] }, { "date": "2026-08-07", "close": 337.0, "volume": 26800, "typical_volume": 71550.0, "trend": 382.8, "fair_value": 581.878205, "relative_strength": -32.245489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.249253, "energy": 62.146613, "activity_lines": [ 339.6, 343.963636, 357.590476, 368.48172 ] }, { "date": "2026-08-14", "close": 342.0, "volume": 81500, "typical_volume": 66810.0, "trend": 380.233333, "fair_value": 577.910256, "relative_strength": -33.053205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.361928, "energy": 55.933723, "activity_lines": [ 339.333333, 343.090909, 354.938095, 365.849462 ] }, { "date": "2026-08-21", "close": 351.0, "volume": 73900, "typical_volume": 65495.0, "trend": 377.8, "fair_value": 573.711538, "relative_strength": -27.161186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.822381, "energy": 45.41397, "activity_lines": [ 343.333333, 344.218182, 353.385714, 363.963441 ] } ], "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." } } }