{ "ticker": { "uuid": "8543b52a-5a80-4a30-ada5-966434f3f35e", "symbol": "688114", "name": "MGI Tech Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -27.03, "architecture_energy": 21.266, "architecture_maturity": 18.382, "architecture_confidence": 76.046, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 54.93, "rotation_up": 19.89, "upward_expansion": 14.38, "deceleration": 52.21, "rotation_down": 50.2, "downward_expansion": 66.38 }, "activity_lines": [ 50.826668, 51.457819, 51.366477, 52.267914 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 53.830002, "trend_reference": 55.241, "distance_from_trend": -0.025543, "trend_direction": "Weakening", "fair_value": 62.789295, "distance_from_fair_value": -0.142688, "fair_value_direction": "Improving", "relative_strength": -9.859925, "relative_strength_direction": "Improving", "price_momentum": -0.173499, "excess_performance": -0.130295, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.025543, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.066086, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.142688, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.054241, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098599, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.157646, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.173499, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.579954, "read": "Supply-led" } ], "volume": { "latest": 25700369, "relative_activity": 1.332279, "balance": 0.579954, "dry_up": 1.291316, "accumulation_observations": 3, "distribution_observations": 6 }, "risk": { "range_context": 0.10606, "annualized_volatility": 0.483958, "from_high_reference": -0.350507, "from_low_reference": 0.150214 }, "levels": { "trend_reference": 55.241, "fair_value_reference": 62.789295, "structural_low": 46.799999, "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": 9, "median_return": -0.047257, "positive_rate": 0.111111, "directional_follow_through": 0.111111, "median_excess_return": -0.042802, "regime_survival": 0.666667, "best_return": 0.004219, "worst_return": -0.15676, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.039402, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.090604, "regime_survival": 0.5, "best_return": 0.709812, "worst_return": -0.186495, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.1954, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.140125, "regime_survival": 0.5, "best_return": 0.472234, "worst_return": -0.081435, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.331733, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.162742, "regime_survival": 0.0, "best_return": 0.331733, "worst_return": 0.331733, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-12", "end": "2024-10-18", "tenure": "Extended", "return": -0.107044, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-25", "end": "2024-11-22", "tenure": "Developing", "return": -0.088515, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2025-01-17", "tenure": "Developing", "return": -0.154489, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": 0.365103, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-18", "tenure": "Developing", "return": 0.081679, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-25", "end": "2025-06-27", "tenure": "Developing", "return": -0.118225, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.087128, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.004203, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-11-14", "tenure": "Established", "return": -0.104079, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-01-02", "tenure": "Developing", "return": -0.002135, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": -0.058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-03-13", "tenure": "Developing", "return": -0.174113, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-07-03", "tenure": "Established", "return": 0.143882, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.047257, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 88.660004, "volume": 2565573, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 91.459999, "volume": 2042532, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 86.550003, "volume": 1954154, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 80.080002, "volume": 1919491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 77.330002, "volume": 1720794, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 78.269997, "volume": 2289253, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 71.120003, "volume": 1972373, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 69.809998, "volume": 21833200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 68.480003, "volume": 8721102, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 74.879997, "volume": 16247048, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 78.75, "volume": 12922656, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 78.650002, "volume": 5082726, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 81.699997, "volume": 6756406, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 80.010002, "volume": 10706799, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 83.25, "volume": 9129433, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 87.300003, "volume": 7893041, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 92.489998, "volume": 9398987, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 94.0, "volume": 23325089, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 94.830002, "volume": 33191239, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 87.57, "volume": 18158620, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 85.139999, "volume": 11173083, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 86.019997, "volume": 9682718, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 81.93, "volume": 6747414, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 84.040001, "volume": 7522031, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 80.080002, "volume": 5491767, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 76.800003, "volume": 11035173, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 66.440002, "volume": 14980820, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 74.089996, "volume": 17906525, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 73.459999, "volume": 12207767, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 68.959999, "volume": 15000127, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 69.029999, "volume": 10838031, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 68.419998, "volume": 6865471, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 62.48, "volume": 7063720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 59.139999, "volume": 6058364, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 58.970001, "volume": 3127093, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 54.09, "volume": 6270218, "typical_volume": 11802212.85, "trend": 76.397667, "fair_value": 90.770748, "relative_strength": -30.931521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.497696, "energy": 84.0086, "activity_lines": [ 58.475333, 62.702181, 69.48119, 73.519204 ] }, { "date": "2024-04-19", "close": 51.82, "volume": 6948340, "typical_volume": 11679680.5, "trend": 75.754333, "fair_value": 90.289874, "relative_strength": -34.256346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.56022, "energy": 86.120209, "activity_lines": [ 55.542, 60.213454, 67.187952, 71.933548 ] }, { "date": "2024-04-26", "close": 52.400002, "volume": 8197867, "typical_volume": 10923319.4, "trend": 75.174, "fair_value": 89.827803, "relative_strength": -33.461024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.438306, "energy": 83.446283, "activity_lines": [ 53.908667, 58.096, 65.143619, 70.426817 ] }, { "date": "2024-05-03", "close": 58.200001, "volume": 5494838, "typical_volume": 9538499.35, "trend": 74.831333, "fair_value": 89.446745, "relative_strength": -26.079655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.046282, "energy": 76.314809, "activity_lines": [ 54.880668, 57.427455, 63.849762, 69.33172 ] }, { "date": "2024-05-10", "close": 59.0, "volume": 12886287, "typical_volume": 9274882.7, "trend": 74.302, "fair_value": 89.084283, "relative_strength": -25.946186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.000815, "energy": 55.828179, "activity_lines": [ 56.182001, 57.181819, 62.806524, 68.310344 ] }, { "date": "2024-05-17", "close": 55.740002, "volume": 8242910, "typical_volume": 9128374.05, "trend": 73.535, "fair_value": 88.691998, "relative_strength": -29.612807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.26424, "energy": 56.259607, "activity_lines": [ 56.394668, 56.524546, 61.588857, 67.112796 ] }, { "date": "2024-05-24", "close": 52.66, "volume": 5803332, "typical_volume": 8934404.75, "trend": 72.668667, "fair_value": 88.273021, "relative_strength": -31.752658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.792268, "energy": 57.314328, "activity_lines": [ 55.470667, 55.54891, 60.217857, 65.766022 ] }, { "date": "2024-05-31", "close": 50.169998, "volume": 9187234, "typical_volume": 9056395.75, "trend": 71.617667, "fair_value": 87.835055, "relative_strength": -34.633808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.471989, "energy": 67.674952, "activity_lines": [ 53.660666, 54.407091, 58.768571, 64.314495 ] }, { "date": "2024-06-07", "close": 47.919998, "volume": 8438961, "typical_volume": 9102242.25, "trend": 70.548, "fair_value": 87.381475, "relative_strength": -36.418999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.041045, "energy": 85.637086, "activity_lines": [ 51.249332, 53.08, 57.256238, 62.785613 ] }, { "date": "2024-06-14", "close": 51.59, "volume": 10913868, "typical_volume": 9373347.3, "trend": 69.492667, "fair_value": 86.979324, "relative_strength": -30.564745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.857854, "energy": 70.495757, "activity_lines": [ 50.746666, 52.624182, 56.265428, 61.562516 ] }, { "date": "2024-06-21", "close": 51.189999, "volume": 5952204, "typical_volume": 9119198.85, "trend": 68.289, "fair_value": 86.581665, "relative_strength": -29.745295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.712399, "energy": 68.322632, "activity_lines": [ 50.604666, 52.229818, 55.37219, 60.381699 ] }, { "date": "2024-06-28", "close": 47.41, "volume": 5644594, "typical_volume": 8652387.55, "trend": 66.786333, "fair_value": 86.151207, "relative_strength": -33.695856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.259777, "energy": 65.566232, "activity_lines": [ 49.505999, 51.200909, 54.240905, 59.034666 ] }, { "date": "2024-07-05", "close": 43.720001, "volume": 5604329, "typical_volume": 8037277.75, "trend": 65.110333, "fair_value": 85.689998, "relative_strength": -37.884337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.179321, "energy": 66.764419, "activity_lines": [ 47.527333, 49.581272, 52.848809, 57.546516 ] }, { "date": "2024-07-12", "close": 44.84, "volume": 7545194, "typical_volume": 7804149.1, "trend": 63.444, "fair_value": 85.250751, "relative_strength": -36.142009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.383694, "energy": 64.967509, "activity_lines": [ 46.352, 48.323091, 51.708, 56.238753 ] }, { "date": "2024-07-19", "close": 44.919998, "volume": 6150732, "typical_volume": 7361679.35, "trend": 62.022333, "fair_value": 84.8217, "relative_strength": -35.573335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.589514, "energy": 63.743078, "activity_lines": [ 45.408666, 47.322363, 50.711095, 55.043656 ] }, { "date": "2024-07-26", "close": 42.0, "volume": 5867315, "typical_volume": 7113143.55, "trend": 60.584333, "fair_value": 84.370945, "relative_strength": -37.057619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.296213, "energy": 67.319581, "activity_lines": [ 43.936666, 46.046727, 49.550571, 53.751892 ] }, { "date": "2024-08-02", "close": 43.73, "volume": 6924902, "typical_volume": 7116115.1, "trend": 59.174667, "fair_value": 83.947602, "relative_strength": -33.976491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.749595, "energy": 61.25988, "activity_lines": [ 43.654, 45.335454, 48.683524, 52.664516 ] }, { "date": "2024-08-09", "close": 40.509998, "volume": 5675683, "typical_volume": 7046713.25, "trend": 57.794, "fair_value": 83.499792, "relative_strength": -37.232524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.793997, "energy": 65.735249, "activity_lines": [ 42.543332, 44.20109, 47.627381, 51.460344 ] }, { "date": "2024-08-16", "close": 41.790001, "volume": 8145690, "typical_volume": 7151079.55, "trend": 56.385667, "fair_value": 83.074182, "relative_strength": -34.898273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.232066, "energy": 61.169295, "activity_lines": [ 42.073333, 43.475091, 46.797762, 50.427828 ] }, { "date": "2024-08-23", "close": 39.75, "volume": 4972971, "typical_volume": 7243373.45, "trend": 55.041333, "fair_value": 82.636564, "relative_strength": -36.812391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.163201, "energy": 62.629013, "activity_lines": [ 41.126667, 42.489636, 45.856476, 49.354559 ] }, { "date": "2024-08-30", "close": 40.049999, "volume": 7985091, "typical_volume": 7329117.1, "trend": 53.816333, "fair_value": 82.210698, "relative_strength": -35.416457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.544158, "energy": 60.076244, "activity_lines": [ 40.624666, 41.774, 45.035285, 48.387376 ] }, { "date": "2024-09-06", "close": 37.450001, "volume": 6365355, "typical_volume": 7299967.85, "trend": 52.85, "fair_value": 81.767523, "relative_strength": -37.29431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.564732, "energy": 64.0544, "activity_lines": [ 39.386, 40.788182, 44.033333, 47.331484 ] }, { "date": "2024-09-13", "close": 36.360001, "volume": 10161115, "typical_volume": 7398130.25, "trend": 51.592333, "fair_value": 81.322351, "relative_strength": -37.083596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.413444, "energy": 71.288144, "activity_lines": [ 38.202667, 39.785273, 42.996, 46.267613 ] }, { "date": "2024-09-20", "close": 36.18, "volume": 5272109, "typical_volume": 7386993.8, "trend": 50.349666, "fair_value": 80.884076, "relative_strength": -37.604688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.822941, "energy": 68.6745, "activity_lines": [ 37.236, 38.883455, 42.017905, 45.273269 ] }, { "date": "2024-09-27", "close": 42.720001, "volume": 9670866, "typical_volume": 7226222.75, "trend": 49.475, "fair_value": 80.517114, "relative_strength": -34.183568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.890489, "energy": 51.631665, "activity_lines": [ 38.823334, 39.328182, 41.767524, 44.781032 ] }, { "date": "2024-10-04", "close": 50.990002, "volume": 5749308, "typical_volume": 7101542.65, "trend": 48.873667, "fair_value": 80.235903, "relative_strength": -26.864194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.460739, "energy": 11.554254, "activity_lines": [ 42.969334, 41.316546, 42.382286, 44.878774 ] }, { "date": "2024-10-11", "close": 51.0, "volume": 21468013, "typical_volume": 7884776.7, "trend": 48.293, "fair_value": 79.960093, "relative_strength": -23.571611, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.793822, "energy": 22.751207, "activity_lines": [ 46.389334, 43.143273, 43.020619, 45.015957 ] }, { "date": "2024-10-18", "close": 48.299999, "volume": 13797724, "typical_volume": 8115301.2, "trend": 47.820333, "fair_value": 79.664204, "relative_strength": -27.875275, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 17.999237, "energy": 32.883827, "activity_lines": [ 48.006, 44.346909, 43.409714, 45.016409 ] }, { "date": "2024-10-25", "close": 53.549999, "volume": 18439640, "typical_volume": 8615335.15, "trend": 47.634, "fair_value": 79.422406, "relative_strength": -20.202216, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.333989, "energy": 42.67892, "activity_lines": [ 50.576666, 46.363455, 44.307714, 45.386064 ] }, { "date": "2024-11-01", "close": 48.169998, "volume": 13157521, "typical_volume": 8727517.8, "trend": 47.274, "fair_value": 79.135686, "relative_strength": -26.756469, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.934858, "energy": 39.401118, "activity_lines": [ 50.195999, 47.188, 44.666524, 45.420645 ] }, { "date": "2024-11-08", "close": 50.900002, "volume": 15331449, "typical_volume": 9196480.05, "trend": 47.167667, "fair_value": 78.878998, "relative_strength": -25.819876, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.118792, "energy": 37.677203, "activity_lines": [ 50.362, 48.355818, 45.301619, 45.654581 ] }, { "date": "2024-11-15", "close": 49.18, "volume": 20406292, "typical_volume": 9934564.95, "trend": 47.079667, "fair_value": 78.61144, "relative_strength": -24.791524, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.712377, "energy": 23.902931, "activity_lines": [ 49.960667, 49.013636, 45.774286, 45.784409 ] }, { "date": "2024-11-22", "close": 48.810001, "volume": 12166816, "typical_volume": 10262689.3, "trend": 46.96, "fair_value": 78.345355, "relative_strength": -22.875203, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.994795, "energy": 18.749167, "activity_lines": [ 49.557334, 49.390909, 46.203286, 45.896043 ] }, { "date": "2024-11-29", "close": 47.900002, "volume": 9545423, "typical_volume": 10362700.75, "trend": 46.616667, "fair_value": 78.075928, "relative_strength": -24.4605, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.900049, "energy": 12.78812, "activity_lines": [ 48.816668, 49.376364, 46.521381, 45.956688 ] }, { "date": "2024-12-06", "close": 51.259998, "volume": 9679909, "typical_volume": 10539159.6, "trend": 46.358667, "fair_value": 77.8407, "relative_strength": -19.713269, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.466894, "energy": 14.502342, "activity_lines": [ 49.572667, 49.759636, 47.144905, 46.256258 ] }, { "date": "2024-12-13", "close": 51.259998, "volume": 17097462, "typical_volume": 11100666.95, "trend": 46.209333, "fair_value": 77.609564, "relative_strength": -18.010428, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.517546, "energy": 27.928278, "activity_lines": [ 50.122666, 49.987636, 47.738238, 46.572473 ] }, { "date": "2024-12-20", "close": 52.98, "volume": 11972237, "typical_volume": 11353033.7, "trend": 46.22, "fair_value": 77.39724, "relative_strength": -13.392564, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.812654, "energy": 33.508854, "activity_lines": [ 51.221999, 50.523454, 48.451286, 47.00929 ] }, { "date": "2024-12-27", "close": 47.779999, "volume": 10835748, "typical_volume": 11611036.95, "trend": 46.140333, "fair_value": 77.144101, "relative_strength": -21.367913, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.732848, "energy": 27.23973, "activity_lines": [ 50.334666, 50.077818, 48.625047, 47.109935 ] }, { "date": "2025-01-03", "close": 45.790001, "volume": 7752886, "typical_volume": 11591396.75, "trend": 46.069333, "fair_value": 76.878388, "relative_strength": -18.936181, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.835522, "energy": 14.299151, "activity_lines": [ 48.852666, 49.279818, 48.574667, 47.087333 ] }, { "date": "2025-01-10", "close": 42.419998, "volume": 9067949, "typical_volume": 11796145.65, "trend": 45.763667, "fair_value": 76.588822, "relative_strength": -22.652123, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.490861, "energy": 9.116446, "activity_lines": [ 46.387999, 48.010181, 48.184285, 46.851892 ] }, { "date": "2025-01-17", "close": 40.5, "volume": 12221965, "typical_volume": 12007989.35, "trend": 45.407333, "fair_value": 76.288082, "relative_strength": -26.460856, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.659217, "energy": 29.990963, "activity_lines": [ 43.872666, 46.496, 47.598333, 46.512301 ] }, { "date": "2025-01-24", "close": 40.290001, "volume": 10870070, "typical_volume": 12233225.1, "trend": 45.17, "fair_value": 75.990577, "relative_strength": -25.749851, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.76315, "energy": 50.993482, "activity_lines": [ 42.004667, 45.132727, 46.990238, 46.18215 ] }, { "date": "2025-01-31", "close": 39.959999, "volume": 1518341, "typical_volume": 11801086.4, "trend": 45.044667, "fair_value": 75.695244, "relative_strength": -25.09495, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.622948, "energy": 57.932935, "activity_lines": [ 40.872666, 43.871091, 46.33719, 45.846021 ] }, { "date": "2025-02-07", "close": 55.0, "volume": 22514784, "typical_volume": 12663220.15, "trend": 45.383333, "fair_value": 75.52699, "relative_strength": 2.36361, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.312124, "energy": 13.503871, "activity_lines": [ 45.275333, 45.504909, 47.099381, 46.488301 ] }, { "date": "2025-02-14", "close": 70.029999, "volume": 48192744, "typical_volume": 14589314.05, "trend": 46.220333, "fair_value": 75.48266, "relative_strength": 29.413939, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.420023, "energy": 60.78367, "activity_lines": [ 54.074, 49.742363, 49.203381, 48.078408 ] }, { "date": "2025-02-21", "close": 72.900002, "volume": 43324838, "typical_volume": 16468090.55, "trend": 47.250333, "fair_value": 75.461998, "relative_strength": 33.883884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.15189, "energy": 85.40822, "activity_lines": [ 61.988667, 54.160364, 51.450667, 49.799677 ] }, { "date": "2025-02-28", "close": 81.900002, "volume": 37092294, "typical_volume": 17249304.6, "trend": 48.522667, "fair_value": 75.513094, "relative_strength": 52.706808, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.587819, "energy": 94.645328, "activity_lines": [ 70.743334, 59.821273, 54.450762, 52.03514 ] }, { "date": "2025-03-07", "close": 93.099998, "volume": 43303728, "typical_volume": 18724604.8, "trend": 50.275667, "fair_value": 75.651573, "relative_strength": 69.931152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.931536, "energy": 95.996772, "activity_lines": [ 80.457333, 66.992727, 58.370381, 54.911097 ] }, { "date": "2025-03-14", "close": 89.610001, "volume": 26319519, "typical_volume": 19118598.75, "trend": 51.869667, "fair_value": 75.760623, "relative_strength": 60.588585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.013141, "energy": 92.098596, "activity_lines": [ 85.465334, 72.705637, 61.744286, 57.448796 ] }, { "date": "2025-03-21", "close": 81.790001, "volume": 32892571, "typical_volume": 20105351.25, "trend": 53.271, "fair_value": 75.807363, "relative_strength": 48.292973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.775392, "energy": 85.619968, "activity_lines": [ 85.559334, 76.2, 64.201714, 59.37914 ] }, { "date": "2025-03-28", "close": 80.010002, "volume": 18535660, "typical_volume": 20265561.8, "trend": 54.603, "fair_value": 75.839691, "relative_strength": 44.898364, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.66427, "energy": 63.857516, "activity_lines": [ 84.276001, 78.65491, 66.329524, 61.104237 ] }, { "date": "2025-04-04", "close": 77.800003, "volume": 16495613, "typical_volume": 20070027.85, "trend": 55.948, "fair_value": 75.854655, "relative_strength": 40.620651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.648, "energy": 54.246616, "activity_lines": [ 81.782002, 79.989638, 68.108239, 62.600818 ] }, { "date": "2025-04-11", "close": 82.370003, "volume": 34709726, "typical_volume": 21197173.35, "trend": 57.481667, "fair_value": 75.904014, "relative_strength": 52.321044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.310684, "energy": 42.689723, "activity_lines": [ 81.084669, 81.473274, 70.185906, 64.305463 ] }, { "date": "2025-04-18", "close": 75.75, "volume": 18012573, "typical_volume": 21620530.85, "trend": 58.800667, "fair_value": 75.902856, "relative_strength": 37.449889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.003595, "energy": 34.492437, "activity_lines": [ 78.896002, 80.982183, 71.473287, 65.484065 ] }, { "date": "2025-04-25", "close": 73.25, "volume": 18578032, "typical_volume": 22065437.0, "trend": 59.818334, "fair_value": 75.883058, "relative_strength": 31.383301, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.016058, "energy": 26.5464, "activity_lines": [ 76.798001, 79.659274, 72.389953, 66.41628 ] }, { "date": "2025-05-02", "close": 79.75, "volume": 11573688, "typical_volume": 21789248.3, "trend": 60.777, "fair_value": 75.911702, "relative_strength": 42.835878, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.928592, "energy": 25.815232, "activity_lines": [ 77.436001, 79.459637, 73.820953, 67.702194 ] }, { "date": "2025-05-09", "close": 76.919998, "volume": 11195682, "typical_volume": 21750420.55, "trend": 61.641, "fair_value": 75.919116, "relative_strength": 34.516241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.362363, "energy": 22.058279, "activity_lines": [ 77.148, 78.62091, 74.846762, 68.743678 ] }, { "date": "2025-05-16", "close": 78.400002, "volume": 18439416, "typical_volume": 22130603.95, "trend": 62.644334, "fair_value": 75.937225, "relative_strength": 35.215327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.019462, "energy": 23.347069, "activity_lines": [ 77.412, 78.141819, 75.899524, 69.824904 ] }, { "date": "2025-05-23", "close": 73.589996, "volume": 13076880, "typical_volume": 22396803.65, "trend": 63.312333, "fair_value": 75.920216, "relative_strength": 26.944256, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.433916, "energy": 21.422306, "activity_lines": [ 76.337332, 77.055454, 76.348381, 70.531075 ] }, { "date": "2025-05-30", "close": 70.519997, "volume": 9278374, "typical_volume": 22407324.9, "trend": 64.057333, "fair_value": 75.881366, "relative_strength": 21.033471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.263717, "energy": 12.566637, "activity_lines": [ 74.383331, 75.702181, 76.372476, 70.996086 ] }, { "date": "2025-06-06", "close": 70.080002, "volume": 7818911, "typical_volume": 22187172.2, "trend": 64.696667, "fair_value": 75.839927, "relative_strength": 18.279899, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.308709, "energy": 13.569273, "activity_lines": [ 72.464666, 74.473818, 76.220857, 71.384645 ] }, { "date": "2025-06-13", "close": 68.309998, "volume": 16602741, "typical_volume": 22473805.75, "trend": 65.334333, "fair_value": 75.786523, "relative_strength": 15.170955, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.031447, "energy": 14.98629, "activity_lines": [ 70.600666, 73.104181, 75.759809, 71.617763 ] }, { "date": "2025-06-20", "close": 62.75, "volume": 18883731, "typical_volume": 23342075.25, "trend": 65.799, "fair_value": 75.694717, "relative_strength": 6.149033, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.19695, "energy": 43.509346, "activity_lines": [ 67.457333, 70.896181, 74.635809, 71.451032 ] }, { "date": "2025-06-27", "close": 64.589996, "volume": 18082719, "typical_volume": 23120472.0, "trend": 66.355333, "fair_value": 75.617062, "relative_strength": 6.871784, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.017449, "energy": 52.297262, "activity_lines": [ 65.970665, 69.379453, 73.578523, 71.373032 ] }, { "date": "2025-07-04", "close": 63.470001, "volume": 14364762, "typical_volume": 21429072.9, "trend": 66.762333, "fair_value": 75.532707, "relative_strength": 3.175341, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.477918, "energy": 54.380332, "activity_lines": [ 64.710666, 67.861999, 72.368904, 71.186882 ] }, { "date": "2025-07-11", "close": 63.290001, "volume": 16535923, "typical_volume": 20089627.15, "trend": 67.163333, "fair_value": 75.448275, "relative_strength": 1.44944, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.725944, "energy": 55.660342, "activity_lines": [ 63.860666, 66.489636, 71.173381, 70.96286 ] }, { "date": "2025-07-18", "close": 65.449997, "volume": 21934971, "typical_volume": 19331761.0, "trend": 67.579, "fair_value": 75.379793, "relative_strength": 3.802203, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.383757, "energy": 40.961025, "activity_lines": [ 64.183332, 65.809272, 70.229333, 70.852322 ] }, { "date": "2025-07-25", "close": 69.0, "volume": 24864291, "typical_volume": 18409789.15, "trend": 68.286333, "fair_value": 75.336393, "relative_strength": 7.09117, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.620864, "energy": 27.908284, "activity_lines": [ 65.879999, 65.982908, 69.701714, 70.944 ] }, { "date": "2025-08-01", "close": 69.0, "volume": 25733170, "typical_volume": 18380471.7, "trend": 69.06, "fair_value": 75.29358, "relative_strength": 7.605199, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.196611, "energy": 16.531137, "activity_lines": [ 67.16, 66.327454, 69.288857, 70.990043 ] }, { "date": "2025-08-08", "close": 69.290001, "volume": 24178643, "typical_volume": 17944775.3, "trend": 69.955667, "fair_value": 75.253287, "relative_strength": 5.271188, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.420916, "energy": 13.434276, "activity_lines": [ 68.242667, 66.808181, 69.001761, 71.004881 ] }, { "date": "2025-08-15", "close": 71.099998, "volume": 23509022, "typical_volume": 18193443.4, "trend": 70.975667, "fair_value": 75.225599, "relative_strength": 5.690062, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.565361, "energy": 15.297543, "activity_lines": [ 69.540666, 67.640363, 68.946571, 71.078709 ] }, { "date": "2025-08-22", "close": 74.629997, "volume": 25780694, "typical_volume": 18657697.45, "trend": 72.120333, "fair_value": 75.221654, "relative_strength": 6.56852, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -4.783714, "energy": 17.72163, "activity_lines": [ 71.494665, 69.095817, 69.269999, 71.314473 ] }, { "date": "2025-08-29", "close": 71.620003, "volume": 32027071, "typical_volume": 18523564.7, "trend": 73.175667, "fair_value": 75.197959, "relative_strength": 0.943245, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.051942, "energy": 18.208279, "activity_lines": [ 71.833333, 69.889091, 69.321857, 71.282193 ] }, { "date": "2025-09-05", "close": 66.849998, "volume": 20868020, "typical_volume": 18666337.05, "trend": 73.570667, "fair_value": 75.143397, "relative_strength": -5.053955, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -22.04546, "energy": 16.950013, "activity_lines": [ 70.407333, 69.653818, 68.970618, 70.874086 ] }, { "date": "2025-09-12", "close": 71.400002, "volume": 27876025, "typical_volume": 19131236.7, "trend": 73.616333, "fair_value": 75.11909, "relative_strength": -0.630856, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.813388, "energy": 10.071546, "activity_lines": [ 70.641334, 70.204727, 69.095095, 70.734043 ] }, { "date": "2025-09-19", "close": 67.040001, "volume": 21131910, "typical_volume": 19609147.8, "trend": 73.421, "fair_value": 75.066966, "relative_strength": -5.887265, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.94266, "energy": 18.426103, "activity_lines": [ 69.281334, 69.818727, 68.813143, 70.309763 ] }, { "date": "2025-09-26", "close": 67.099998, "volume": 15163415, "typical_volume": 19807534.45, "trend": 72.927666, "fair_value": 75.015896, "relative_strength": -6.356853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.275631, "energy": 23.978338, "activity_lines": [ 68.212, 69.375454, 68.597428, 69.901957 ] }, { "date": "2025-10-03", "close": 69.169998, "volume": 6660842, "typical_volume": 19218605.75, "trend": 72.13, "fair_value": 74.820814, "relative_strength": -5.074164, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.165722, "energy": 18.732144, "activity_lines": [ 68.334666, 69.278545, 68.625618, 69.659526 ] }, { "date": "2025-10-10", "close": 68.910004, "volume": 7373543, "typical_volume": 18933438.9, "trend": 71.44, "fair_value": 74.497327, "relative_strength": -5.953451, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.410151, "energy": 19.39413, "activity_lines": [ 68.534001, 69.131273, 68.673, 69.451785 ] }, { "date": "2025-10-17", "close": 66.769997, "volume": 26248161, "typical_volume": 19781928.25, "trend": 70.939333, "fair_value": 74.303461, "relative_strength": -7.758292, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.45308, "energy": 20.437952, "activity_lines": [ 67.882666, 68.596545, 68.538857, 69.150494 ] }, { "date": "2025-10-24", "close": 66.690002, "volume": 14912899, "typical_volume": 20136627.65, "trend": 70.495333, "fair_value": 74.047149, "relative_strength": -10.50693, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.357318, "energy": 23.488003, "activity_lines": [ 67.513334, 68.093091, 68.414952, 68.876344 ] }, { "date": "2025-10-31", "close": 65.93, "volume": 16569791, "typical_volume": 20134980.15, "trend": 70.099666, "fair_value": 73.647032, "relative_strength": -11.802222, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.845246, "energy": 29.137633, "activity_lines": [ 66.914, 67.531637, 68.234809, 68.581806 ] }, { "date": "2025-11-07", "close": 63.549999, "volume": 21142345, "typical_volume": 20247910.85, "trend": 69.472333, "fair_value": 73.272202, "relative_strength": -15.994124, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.650765, "energy": 44.981946, "activity_lines": [ 65.599333, 66.695636, 67.839333, 68.159247 ] }, { "date": "2025-11-14", "close": 63.700001, "volume": 11782627, "typical_volume": 19932906.25, "trend": 69.070666, "fair_value": 72.895206, "relative_strength": -15.749298, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.81102, "energy": 48.486885, "activity_lines": [ 64.709333, 66.033636, 67.454333, 67.786838 ] }, { "date": "2025-11-21", "close": 60.889999, "volume": 11427988, "typical_volume": 19786067.55, "trend": 68.658666, "fair_value": 72.41911, "relative_strength": -16.277925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.566887, "energy": 61.040024, "activity_lines": [ 63.23, 64.918, 66.805952, 67.259054 ] }, { "date": "2025-11-28", "close": 63.790001, "volume": 10815988, "typical_volume": 19500070.8, "trend": 68.126666, "fair_value": 72.049202, "relative_strength": -13.677319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.136703, "energy": 56.431474, "activity_lines": [ 63.109333, 64.520727, 66.446048, 66.944946 ] }, { "date": "2025-12-05", "close": 60.700001, "volume": 12694821, "typical_volume": 19038063.3, "trend": 67.586, "fair_value": 71.657125, "relative_strength": -18.198858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.620041, "energy": 60.741598, "activity_lines": [ 62.152, 63.620728, 65.789476, 66.465806 ] }, { "date": "2025-12-12", "close": 64.5, "volume": 18241595, "typical_volume": 18706928.5, "trend": 67.122666, "fair_value": 71.336335, "relative_strength": -12.906601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.9053, "energy": 45.464198, "activity_lines": [ 62.81, 63.528, 65.517429, 66.26671 ] }, { "date": "2025-12-19", "close": 65.260002, "volume": 14081649, "typical_volume": 18124352.45, "trend": 66.845, "fair_value": 71.010393, "relative_strength": -11.998161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.995028, "energy": 27.751022, "activity_lines": [ 63.658001, 63.658364, 65.339191, 66.146538 ] }, { "date": "2025-12-26", "close": 62.18, "volume": 9775478, "typical_volume": 17404194.2, "trend": 66.567, "fair_value": 70.703399, "relative_strength": -17.836166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.887971, "energy": 27.190125, "activity_lines": [ 63.375334, 63.295091, 64.885429, 65.84557 ] }, { "date": "2026-01-02", "close": 60.759998, "volume": 6888336, "typical_volume": 16573159.9, "trend": 66.256333, "fair_value": 70.440423, "relative_strength": -19.901721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.022731, "energy": 31.922947, "activity_lines": [ 62.533333, 62.757091, 64.330286, 65.470925 ] }, { "date": "2026-01-09", "close": 75.0, "volume": 33421774, "typical_volume": 16955213.9, "trend": 66.479333, "fair_value": 70.247469, "relative_strength": -5.225896, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.659917, "energy": 15.52723, "activity_lines": [ 66.64, 64.916, 65.180572, 66.035032 ] }, { "date": "2026-01-16", "close": 67.25, "volume": 51082654, "typical_volume": 17907993.05, "trend": 66.629333, "fair_value": 69.969144, "relative_strength": -14.967899, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.413509, "energy": 11.449513, "activity_lines": [ 67.21, 65.500909, 65.291, 66.084753 ] }, { "date": "2026-01-23", "close": 70.650002, "volume": 29058239, "typical_volume": 18317504.0, "trend": 66.831333, "fair_value": 69.752902, "relative_strength": -11.821463, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.981334, "energy": 22.466274, "activity_lines": [ 68.73, 66.636728, 65.746048, 66.344151 ] }, { "date": "2026-01-30", "close": 65.129997, "volume": 26346508, "typical_volume": 18241028.15, "trend": 66.886667, "fair_value": 69.498338, "relative_strength": -18.635991, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.991194, "energy": 18.852091, "activity_lines": [ 68.050666, 66.642545, 65.657286, 66.234387 ] }, { "date": "2026-02-06", "close": 67.5, "volume": 21402182, "typical_volume": 18254541.75, "trend": 67.027, "fair_value": 69.163706, "relative_strength": -14.585303, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.032695, "energy": 12.461034, "activity_lines": [ 67.964666, 67.002182, 65.824095, 66.273957 ] }, { "date": "2026-02-13", "close": 65.309998, "volume": 13002906, "typical_volume": 18146516.3, "trend": 67.022333, "fair_value": 68.833678, "relative_strength": -17.287307, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.2632, "energy": 11.852759, "activity_lines": [ 66.699332, 66.896181, 65.780143, 66.163183 ] }, { "date": "2026-02-27", "close": 63.700001, "volume": 12034538, "typical_volume": 18415201.1, "trend": 66.845667, "fair_value": 68.484072, "relative_strength": -20.395947, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.198971, "energy": 19.111301, "activity_lines": [ 65.543333, 66.413636, 65.591381, 65.948839 ] }, { "date": "2026-03-06", "close": 56.360001, "volume": 21586178, "typical_volume": 19125832.85, "trend": 66.424333, "fair_value": 68.155796, "relative_strength": -28.117064, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.995373, "energy": 42.565618, "activity_lines": [ 62.177333, 64.611091, 64.729619, 65.272344 ] }, { "date": "2026-03-13", "close": 53.790001, "volume": 12900841, "typical_volume": 18458466.85, "trend": 65.907667, "fair_value": 67.833393, "relative_strength": -29.887025, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.282237, "energy": 67.538108, "activity_lines": [ 58.907334, 62.503091, 63.682857, 64.457226 ] }, { "date": "2026-03-20", "close": 51.57, "volume": 12760218, "typical_volume": 18350832.8, "trend": 65.256667, "fair_value": 67.5011, "relative_strength": -29.47607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.123742, "energy": 78.67149, "activity_lines": [ 55.653334, 60.144, 62.486476, 63.532215 ] }, { "date": "2026-03-27", "close": 50.080002, "volume": 13995678, "typical_volume": 18222127.15, "trend": 64.438334, "fair_value": 67.196288, "relative_strength": -29.915925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.955735, "energy": 83.318694, "activity_lines": [ 52.964668, 57.681091, 61.220191, 62.553075 ] }, { "date": "2026-04-03", "close": 48.240002, "volume": 12443960, "typical_volume": 17787207.9, "trend": 63.659, "fair_value": 66.939187, "relative_strength": -31.075203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.303956, "energy": 85.3266, "activity_lines": [ 50.678001, 55.336728, 59.854143, 61.508022 ] }, { "date": "2026-04-10", "close": 51.049999, "volume": 11774993, "typical_volume": 17786826.2, "trend": 63.132334, "fair_value": 66.699014, "relative_strength": -28.200573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.759974, "energy": 77.652225, "activity_lines": [ 50.358667, 53.84891, 58.828619, 60.694538 ] }, { "date": "2026-04-17", "close": 49.560001, "volume": 13108018, "typical_volume": 17870827.7, "trend": 62.404333, "fair_value": 66.409512, "relative_strength": -30.427496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.711609, "energy": 78.58398, "activity_lines": [ 49.896667, 52.446546, 57.721429, 59.818904 ] }, { "date": "2026-04-24", "close": 48.299999, "volume": 20802268, "typical_volume": 18370141.7, "trend": 61.779667, "fair_value": 66.112508, "relative_strength": -31.828535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.196801, "energy": 84.063155, "activity_lines": [ 49.296667, 51.098182, 56.548191, 58.908946 ] }, { "date": "2026-05-01", "close": 51.0, "volume": 23520607, "typical_volume": 18911431.0, "trend": 61.243, "fair_value": 65.834472, "relative_strength": -27.796573, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.583521, "energy": 64.209006, "activity_lines": [ 49.814667, 50.589819, 55.705857, 58.213484 ] }, { "date": "2026-05-08", "close": 52.700001, "volume": 14057372, "typical_volume": 18702219.85, "trend": 60.694, "fair_value": 65.623136, "relative_strength": -25.624516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.433791, "energy": 49.62356, "activity_lines": [ 50.838, 50.650728, 55.071619, 57.662323 ] }, { "date": "2026-05-15", "close": 52.419998, "volume": 25967121, "typical_volume": 19296493.45, "trend": 60.144333, "fair_value": 65.447484, "relative_strength": -24.334864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.263744, "energy": 40.533144, "activity_lines": [ 51.470666, 50.860727, 54.466905, 57.128516 ] }, { "date": "2026-05-22", "close": 53.130001, "volume": 25592644, "typical_volume": 20087351.75, "trend": 59.689667, "fair_value": 65.245353, "relative_strength": -21.962264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.374853, "energy": 29.301116, "activity_lines": [ 52.248667, 51.271455, 53.990953, 56.675979 ] }, { "date": "2026-05-29", "close": 50.5, "volume": 22937289, "typical_volume": 20889799.4, "trend": 59.15, "fair_value": 65.07227, "relative_strength": -24.174411, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.430247, "energy": 28.962023, "activity_lines": [ 51.912, 51.216, 53.307619, 56.083097 ] }, { "date": "2026-06-05", "close": 49.599998, "volume": 8368800, "typical_volume": 19637150.7, "trend": 58.605667, "fair_value": 64.921575, "relative_strength": -23.989221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.020702, "energy": 35.466042, "activity_lines": [ 51.128666, 51.016363, 52.587429, 55.466968 ] }, { "date": "2026-06-12", "close": 51.900002, "volume": 13299505, "typical_volume": 17747993.25, "trend": 58.217334, "fair_value": 64.755295, "relative_strength": -19.793833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.167198, "energy": 33.599622, "activity_lines": [ 51.205333, 51.243636, 52.207238, 55.034344 ] }, { "date": "2026-06-19", "close": 49.900002, "volume": 20973798, "typical_volume": 17343771.2, "trend": 57.757334, "fair_value": 64.50692, "relative_strength": -23.258077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.006159, "energy": 39.077098, "activity_lines": [ 50.668668, 51.040728, 51.709667, 54.497742 ] }, { "date": "2026-06-26", "close": 48.27, "volume": 5070488, "typical_volume": 16279970.2, "trend": 57.336667, "fair_value": 64.250395, "relative_strength": -23.984353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.313281, "energy": 43.276965, "activity_lines": [ 49.756667, 50.562364, 51.155667, 53.885656 ] }, { "date": "2026-07-03", "close": 58.990002, "volume": 15162585, "typical_volume": 15967990.35, "trend": 57.176667, "fair_value": 64.068015, "relative_strength": -6.993896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.209556, "energy": 5.659263, "activity_lines": [ 52.742001, 52.056546, 51.702905, 53.992323 ] }, { "date": "2026-07-10", "close": 56.5, "volume": 39094741, "typical_volume": 17272582.1, "trend": 57.036667, "fair_value": 63.874142, "relative_strength": -9.401427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.735678, "energy": 10.795828, "activity_lines": [ 54.331334, 52.903637, 52.053524, 53.948667 ] }, { "date": "2026-07-17", "close": 48.07, "volume": 32648017, "typical_volume": 18303256.05, "trend": 56.489, "fair_value": 63.629615, "relative_strength": -17.634223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.871886, "energy": 16.795042, "activity_lines": [ 52.650667, 52.118001, 51.643238, 53.370172 ] }, { "date": "2026-07-24", "close": 47.110001, "volume": 19696508, "typical_volume": 18208772.55, "trend": 55.884, "fair_value": 63.352885, "relative_strength": -19.724238, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.09353, "energy": 20.460072, "activity_lines": [ 50.905334, 51.242001, 51.215953, 52.765076 ] }, { "date": "2026-07-31", "close": 49.82, "volume": 21595809, "typical_volume": 18643520.95, "trend": 55.472, "fair_value": 63.050449, "relative_strength": -14.846624, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.057244, "energy": 28.155714, "activity_lines": [ 50.249334, 50.955273, 51.09081, 52.37385 ] }, { "date": "2026-08-07", "close": 53.830002, "volume": 25700369, "typical_volume": 19290528.5, "trend": 55.241, "fair_value": 62.789295, "relative_strength": -9.859925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.029904, "energy": 21.26637, "activity_lines": [ 50.826668, 51.457819, 51.366477, 52.267914 ] } ], "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." } } }