{ "ticker": { "uuid": "8b5bf4aa-1da9-486c-8efc-520576cd9e85", "symbol": "8313", "name": "Rasan Information Technology Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 87.683, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -34.115, "architecture_energy": 55.911, "architecture_maturity": 7.713, "architecture_confidence": 68.754, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 30.36, "rotation_up": 14.19, "upward_expansion": 25.54, "deceleration": 50.75, "rotation_down": 72.43, "downward_expansion": 55.21 }, "activity_lines": [ 132.89333, 138.856362, 142.825237, 141.828602 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 129.899994, "trend_reference": 139.89, "distance_from_trend": -0.071413, "trend_direction": "Improving", "fair_value": 99.391892, "distance_from_fair_value": 0.306948, "fair_value_direction": "Weakening", "relative_strength": 4.59914, "relative_strength_direction": "Weakening", "price_momentum": -0.029873, "excess_performance": 0.001956, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.071413, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.070805, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.306948, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.250122, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.045991, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.261807, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.029873, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.924011, "read": "Supply-led" } ], "volume": { "latest": 2108376, "relative_activity": 1.139616, "balance": 0.924011, "dry_up": 1.212319, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.069876, "annualized_volatility": 0.24091, "from_high_reference": -0.18609, "from_low_reference": 0.422003 }, "levels": { "trend_reference": 139.89, "fair_value_reference": 99.391892, "structural_low": 118.0, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-13", "tenure": "Developing", "return": 0.130026, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.037121, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-07-31", "tenure": "Established", "return": -0.062635, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2024-06-28", "close": 66.199997, "volume": 36960891, "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": "2024-07-05", "close": 62.099998, "volume": 12989915, "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": "2024-07-12", "close": 63.799999, "volume": 12005060, "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": "2024-07-19", "close": 66.0, "volume": 17315801, "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": "2024-07-26", "close": 62.200001, "volume": 6704408, "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": "2024-08-02", "close": 59.200001, "volume": 3639250, "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": "2024-08-09", "close": 52.0, "volume": 6523940, "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": "2024-08-16", "close": 55.099998, "volume": 4924058, "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": "2024-08-23", "close": 55.700001, "volume": 2891545, "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": "2024-08-30", "close": 54.0, "volume": 2324266, "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": "2024-09-06", "close": 53.099998, "volume": 1463449, "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": "2024-09-13", "close": 57.299999, "volume": 3611299, "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": "2024-09-20", "close": 63.799999, "volume": 6882128, "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": "2024-09-27", "close": 65.300003, "volume": 4095708, "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": "2024-10-04", "close": 59.799999, "volume": 2980447, "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": "2024-10-11", "close": 61.200001, "volume": 4185543, "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": "2024-10-18", "close": 63.0, "volume": 3246137, "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": "2024-10-25", "close": 68.199997, "volume": 6743853, "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": "2024-11-01", "close": 73.400002, "volume": 7936653, "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": "2024-11-08", "close": 78.099998, "volume": 4340038, "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": "2024-11-15", "close": 79.400002, "volume": 5755186, "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": "2024-11-22", "close": 77.300003, "volume": 2024197, "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": "2024-11-29", "close": 73.300003, "volume": 2654630, "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": "2024-12-06", "close": 74.0, "volume": 1885001, "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": "2024-12-13", "close": 72.199997, "volume": 1086121, "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": "2024-12-20", "close": 72.0, "volume": 1650730, "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": "2024-12-27", "close": 79.5, "volume": 3125104, "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": "2025-01-03", "close": 86.400002, "volume": 7125581, "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": "2025-01-10", "close": 84.199997, "volume": 3242632, "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": "2025-01-17", "close": 80.199997, "volume": 3591168, "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": "2025-01-24", "close": 92.599998, "volume": 9598797, "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": "2025-01-31", "close": 94.099998, "volume": 7132170, "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": "2025-02-07", "close": 91.300003, "volume": 4815899, "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": "2025-02-14", "close": 93.099998, "volume": 3267343, "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": "2025-02-21", "close": 89.199997, "volume": 1482193, "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": "2025-02-28", "close": 85.300003, "volume": 2206177, "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": "2025-03-07", "close": 78.199997, "volume": 3872101, "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": "2025-03-14", "close": 79.0, "volume": 21503447, "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": "2025-03-21", "close": 79.599998, "volume": 9302787, "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": "2025-03-28", "close": 81.900002, "volume": 2367136, "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": "2025-04-04", "close": 81.300003, "volume": 364257, "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": "2025-04-11", "close": 77.900002, "volume": 6195195, "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": "2025-04-18", "close": 82.800003, "volume": 2801835, "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": "2025-04-25", "close": 83.800003, "volume": 2313131, "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": "2025-05-02", "close": 83.5, "volume": 3199952, "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": "2025-05-09", "close": 82.300003, "volume": 1404203, "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": "2025-05-16", "close": 85.5, "volume": 5766622, "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": "2025-05-23", "close": 83.599998, "volume": 1509498, "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": "2025-05-30", "close": 82.599998, "volume": 1975214, "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": "2025-06-06", "close": 80.300003, "volume": 700257, "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": "2025-06-13", "close": 80.400002, "volume": 1035544, "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": "2025-06-20", "close": 79.199997, "volume": 2924733, "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": "2025-06-27", "close": 88.5, "volume": 2945497, "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": "2025-07-04", "close": 86.0, "volume": 2116859, "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": "2025-07-11", "close": 90.5, "volume": 2458215, "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": "2025-07-18", "close": 87.0, "volume": 989203, "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": "2025-07-25", "close": 85.25, "volume": 844200, "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": "2025-08-01", "close": 90.0, "volume": 2743630, "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": "2025-08-08", "close": 92.150002, "volume": 1904146, "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": "2025-08-15", "close": 94.199997, "volume": 2345584, "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": "2025-08-22", "close": 95.550003, "volume": 2651268, "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": "2025-08-29", "close": 99.599998, "volume": 2441160, "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": "2025-09-05", "close": 95.25, "volume": 1436658, "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": "2025-09-12", "close": 94.0, "volume": 1559118, "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": "2025-09-19", "close": 94.150002, "volume": 2088672, "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": "2025-09-26", "close": 96.550003, "volume": 1117841, "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": "2025-10-03", "close": 102.199997, "volume": 2706669, "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": "2025-10-10", "close": 102.099998, "volume": 2201277, "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": "2025-10-17", "close": 103.599998, "volume": 1304266, "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": "2025-10-24", "close": 103.699997, "volume": 1173850, "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": "2025-10-31", "close": 110.0, "volume": 4672341, "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": "2025-11-07", "close": 107.099998, "volume": 2283313, "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": "2025-11-14", "close": 110.900002, "volume": 1826012, "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": "2025-11-21", "close": 116.599998, "volume": 2775924, "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": "2025-11-28", "close": 114.099998, "volume": 4974957, "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": "2025-12-05", "close": 118.599998, "volume": 4289078, "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": "2025-12-12", "close": 120.699997, "volume": 2186604, "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": "2025-12-19", "close": 120.400002, "volume": 2762548, "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": "2025-12-26", "close": 117.699997, "volume": 1475558, "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": "2026-01-02", "close": 116.900002, "volume": 1272386, "typical_volume": 2359975.0, "trend": 100.43, "fair_value": 83.985, "relative_strength": 33.554812, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.579405, "energy": 53.948112, "activity_lines": [ 118.433333, 117.123636, 111.809285, 107.070644 ] }, { "date": "2026-01-09", "close": 117.0, "volume": 1812625, "typical_volume": 2318042.85, "trend": 101.649999, "fair_value": 84.392592, "relative_strength": 33.335675, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.587488, "energy": 46.119253, "activity_lines": [ 117.813333, 117.432727, 112.763094, 108.139677 ] }, { "date": "2026-01-16", "close": 121.900002, "volume": 3012050, "typical_volume": 2346587.35, "trend": 103.073333, "fair_value": 84.85, "relative_strength": 33.045789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.034075, "energy": 46.694123, "activity_lines": [ 118.933334, 118.505454, 114.081428, 109.446129 ] }, { "date": "2026-01-23", "close": 136.399994, "volume": 2663746, "typical_volume": 2407941.75, "trend": 104.669999, "fair_value": 85.471084, "relative_strength": 43.110707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.165106, "energy": 61.079817, "activity_lines": [ 124.806665, 121.945453, 116.674523, 111.596236 ] }, { "date": "2026-01-30", "close": 140.0, "volume": 2356611, "typical_volume": 2447816.4, "trend": 106.469999, "fair_value": 86.120238, "relative_strength": 42.173166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.527828, "energy": 85.290199, "activity_lines": [ 130.813332, 125.576363, 119.414523, 113.875591 ] }, { "date": "2026-02-06", "close": 133.899994, "volume": 4164070, "typical_volume": 2551586.3, "trend": 107.916666, "fair_value": 86.682353, "relative_strength": 36.920838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.25571, "energy": 82.902958, "activity_lines": [ 133.299997, 127.672725, 121.354522, 115.645268 ] }, { "date": "2026-02-13", "close": 140.600006, "volume": 2924943, "typical_volume": 2641941.4, "trend": 109.703333, "fair_value": 87.309302, "relative_strength": 41.416913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.896268, "energy": 90.27525, "activity_lines": [ 136.886666, 130.627272, 123.743333, 117.75387 ] }, { "date": "2026-02-20", "close": 136.800003, "volume": 3296991, "typical_volume": 2671457.5, "trend": 111.421666, "fair_value": 87.878161, "relative_strength": 39.811369, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.858829, "energy": 81.721386, "activity_lines": [ 137.633334, 132.490909, 125.560476, 119.502043 ] }, { "date": "2026-02-27", "close": 130.0, "volume": 2915229, "typical_volume": 2707155.1, "trend": 112.755, "fair_value": 88.356818, "relative_strength": 34.343843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.783167, "energy": 54.81317, "activity_lines": [ 135.120001, 132.825455, 126.565238, 120.700645 ] }, { "date": "2026-03-06", "close": 133.0, "volume": 3188854, "typical_volume": 2801384.5, "trend": 114.116666, "fair_value": 88.858427, "relative_strength": 34.942954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.690252, "energy": 46.242934, "activity_lines": [ 134.033334, 133.530909, 127.722857, 122.006774 ] }, { "date": "2026-03-13", "close": 132.100006, "volume": 1792756, "typical_volume": 2832329.8, "trend": 115.38, "fair_value": 89.338889, "relative_strength": 31.105164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.36214, "energy": 33.413189, "activity_lines": [ 133.113336, 133.794547, 128.654762, 123.166989 ] }, { "date": "2026-03-20", "close": 132.0, "volume": 368076, "typical_volume": 2617116.55, "trend": 116.595, "fair_value": 89.807692, "relative_strength": 28.95334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.248402, "energy": 27.455308, "activity_lines": [ 132.280002, 133.763638, 129.441905, 124.239247 ] }, { "date": "2026-03-27", "close": 134.100006, "volume": 1427987, "typical_volume": 2574350.25, "trend": 117.745, "fair_value": 90.28913, "relative_strength": 27.913916, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.482734, "energy": 27.603484, "activity_lines": [ 132.720003, 133.84182, 130.324287, 125.368603 ] }, { "date": "2026-04-03", "close": 136.899994, "volume": 922179, "typical_volume": 2529158.6, "trend": 119.133333, "fair_value": 90.790322, "relative_strength": 27.14861, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.490185, "energy": 34.517243, "activity_lines": [ 134.273334, 134.207274, 131.344762, 126.604409 ] }, { "date": "2026-04-10", "close": 138.899994, "volume": 616514, "typical_volume": 2421188.1, "trend": 120.63, "fair_value": 91.302127, "relative_strength": 26.759325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.791027, "energy": 38.699858, "activity_lines": [ 136.033331, 134.927272, 132.431905, 127.879677 ] }, { "date": "2026-04-17", "close": 141.399994, "volume": 1376142, "typical_volume": 2241247.35, "trend": 122.204999, "fair_value": 91.829473, "relative_strength": 25.418305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.553991, "energy": 45.080468, "activity_lines": [ 138.233329, 136.121817, 133.650952, 129.219677 ] }, { "date": "2026-04-24", "close": 134.5, "volume": 852088, "typical_volume": 2069397.85, "trend": 123.469999, "fair_value": 92.273958, "relative_strength": 22.86539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.040042, "energy": 40.234607, "activity_lines": [ 137.51333, 135.925453, 134.082856, 130.012903 ] }, { "date": "2026-05-01", "close": 141.399994, "volume": 2178830, "typical_volume": 2069009.15, "trend": 124.776666, "fair_value": 92.780412, "relative_strength": 26.928093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.910093, "energy": 45.167471, "activity_lines": [ 138.926662, 137.094543, 135.096189, 131.169676 ] }, { "date": "2026-05-08", "close": 145.300003, "volume": 1713615, "typical_volume": 2016562.5, "trend": 126.216666, "fair_value": 93.316326, "relative_strength": 30.779811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.134416, "energy": 49.843682, "activity_lines": [ 141.153332, 138.889089, 136.38238, 132.493763 ] }, { "date": "2026-05-15", "close": 148.0, "volume": 2500220, "typical_volume": 2067795.6, "trend": 127.696666, "fair_value": 93.868687, "relative_strength": 32.127016, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.196308, "energy": 50.543529, "activity_lines": [ 143.719999, 140.896362, 137.807142, 133.899139 ] }, { "date": "2026-05-22", "close": 151.0, "volume": 2270198, "typical_volume": 2117686.2, "trend": 129.273333, "fair_value": 94.44, "relative_strength": 32.852657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.156876, "energy": 66.596093, "activity_lines": [ 146.68, 143.176362, 139.373333, 135.40258 ] }, { "date": "2026-05-29", "close": 151.0, "volume": 0, "typical_volume": 2027054.95, "trend": 130.639999, "fair_value": 95.0, "relative_strength": 31.338873, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.790874, "energy": 73.820294, "activity_lines": [ 149.0, 145.112726, 140.777142, 136.8043 ] }, { "date": "2026-06-05", "close": 151.800003, "volume": 1870902, "typical_volume": 1969997.55, "trend": 132.13, "fair_value": 95.556863, "relative_strength": 30.907146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.563518, "energy": 73.79669, "activity_lines": [ 150.486668, 146.849091, 142.095238, 138.169462 ] }, { "date": "2026-06-12", "close": 155.800003, "volume": 1646796, "typical_volume": 1919150.05, "trend": 133.626666, "fair_value": 96.141747, "relative_strength": 32.117328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.91385, "energy": 75.318743, "activity_lines": [ 152.613335, 148.99091, 143.651905, 139.696559 ] }, { "date": "2026-06-19", "close": 158.100006, "volume": 678620, "typical_volume": 1835250.5, "trend": 135.01, "fair_value": 96.7375, "relative_strength": 31.515028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.340607, "energy": 74.266646, "activity_lines": [ 154.80667, 151.207275, 145.335239, 141.275484 ] }, { "date": "2026-06-26", "close": 153.0, "volume": 892705, "typical_volume": 1671682.25, "trend": 136.306667, "fair_value": 97.273333, "relative_strength": 28.093023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.072982, "energy": 59.120677, "activity_lines": [ 154.626669, 152.147274, 146.446667, 142.436129 ] }, { "date": "2026-07-03", "close": 148.0, "volume": 4500354, "typical_volume": 1750452.8, "trend": 137.286667, "fair_value": 97.751887, "relative_strength": 23.81064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.46925, "energy": 45.030701, "activity_lines": [ 152.646668, 151.967274, 146.990953, 143.190538 ] }, { "date": "2026-07-10", "close": 135.0, "volume": 4582826, "typical_volume": 1814744.55, "trend": 137.763333, "fair_value": 98.1, "relative_strength": 12.256179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.318062, "energy": 12.013624, "activity_lines": [ 146.533334, 149.178183, 146.261905, 143.043011 ] }, { "date": "2026-07-17", "close": 139.0, "volume": 4439100, "typical_volume": 1890938.1, "trend": 138.383333, "fair_value": 98.478704, "relative_strength": 15.521982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.638531, "energy": 18.912304, "activity_lines": [ 142.873334, 147.232728, 145.922381, 143.122796 ] }, { "date": "2026-07-24", "close": 136.699997, "volume": 1321931, "typical_volume": 1797591.95, "trend": 139.016667, "fair_value": 98.829358, "relative_strength": 11.908597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -2.961722, "energy": 22.048176, "activity_lines": [ 139.566666, 144.983637, 145.320952, 143.014194 ] }, { "date": "2026-07-31", "close": 130.199997, "volume": 1102121, "typical_volume": 1763060.2, "trend": 139.46, "fair_value": 99.114545, "relative_strength": 7.979045, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -36.145264, "energy": 40.51203, "activity_lines": [ 135.519998, 141.758181, 144.082857, 142.445376 ] }, { "date": "2026-08-07", "close": 129.899994, "volume": 2108376, "typical_volume": 1850075.2, "trend": 139.89, "fair_value": 99.391892, "relative_strength": 4.59914, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.11542, "energy": 55.911242, "activity_lines": [ 132.89333, 138.856362, 142.825237, 141.828602 ] } ], "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." } } }