{ "ticker": { "uuid": "8efcbabe-d035-409d-9116-df59511e6d40", "symbol": "4933", "name": "Ubright Optronics Corporation", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 88.585, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -25.37, "architecture_energy": 48.497, "architecture_maturity": 10.246, "architecture_confidence": 76.009, "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": 27.61, "rotation_up": 15.73, "upward_expansion": 24.76, "deceleration": 50.97, "rotation_down": 66.41, "downward_expansion": 54.43 }, "activity_lines": [ 54.98513, 57.013773, 60.713292, 60.570991 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 55.0, "trend_reference": 59.658012, "distance_from_trend": -0.078079, "trend_direction": "Improving", "fair_value": 57.215977, "distance_from_fair_value": -0.03873, "fair_value_direction": "Weakening", "relative_strength": -33.201342, "relative_strength_direction": "Weakening", "price_momentum": 0.029643, "excess_performance": -0.411729, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.078079, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.01608, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.03873, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.215941, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.332013, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.039268, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.029643, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.935054, "read": "Supply-led" } ], "volume": { "latest": 494119, "relative_activity": 0.177089, "balance": 0.935054, "dry_up": 0.20222, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.104822, "annualized_volatility": 0.431627, "from_high_reference": -0.287365, "from_low_reference": 0.084813 }, "levels": { "trend_reference": 59.658012, "fair_value_reference": 57.215977, "structural_low": 50.700001, "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": 1, "median_return": 0.067717, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.022206, "regime_survival": 0.0, "best_return": 0.067717, "worst_return": 0.067717, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.322835, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.30875, "regime_survival": 0.0, "best_return": 0.322835, "worst_return": 0.322835, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.240945, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.267979, "regime_survival": 0.0, "best_return": 0.240945, "worst_return": 0.240945, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.00168, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.258542, "regime_survival": 0.0, "best_return": -0.00168, "worst_return": -0.00168, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-24", "end": "2023-12-08", "tenure": "New", "return": 0.02518, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-04-12", "tenure": "Established", "return": 0.033044, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-05-17", "tenure": "Developing", "return": 0.163375, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-10-25", "tenure": "Established", "return": 0.182645, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-22", "tenure": "New", "return": -0.043219, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-06", "tenure": "New", "return": 0.055118, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-13", "end": "2025-01-17", "tenure": "Developing", "return": 0.065217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-06-13", "tenure": "Established", "return": -0.00664, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-08", "tenure": "Developing", "return": -0.09165, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2026-04-03", "tenure": "Extended", "return": -0.102848, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.218543, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-26", "tenure": "Developing", "return": -0.052098, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.166312, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 33.817753, "volume": 4335000, "typical_volume": 502500.0, "trend": 27.522242, "fair_value": 25.614133, "relative_strength": 18.255083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.453415, "energy": 96.039532, "activity_lines": [ 31.466831, 30.184772, 28.963722, 28.379372 ] }, { "date": "2023-08-18", "close": 34.070126, "volume": 4005000, "typical_volume": 696050.0, "trend": 27.843227, "fair_value": 25.72775, "relative_strength": 20.19034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.808329, "energy": 93.525708, "activity_lines": [ 32.668411, 31.035355, 29.520518, 28.801816 ] }, { "date": "2023-08-25", "close": 33.144764, "volume": 810000, "typical_volume": 734750.0, "trend": 28.145022, "fair_value": 25.831578, "relative_strength": 15.797601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.790287, "energy": 87.182139, "activity_lines": [ 33.176019, 31.606897, 29.956466, 29.143851 ] }, { "date": "2023-09-01", "close": 42.061886, "volume": 13176000, "typical_volume": 1385500.0, "trend": 28.719447, "fair_value": 25.991495, "relative_strength": 44.235104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.385983, "energy": 94.405266, "activity_lines": [ 36.355489, 33.70506, 31.212613, 30.041713 ] }, { "date": "2023-09-08", "close": 37.855694, "volume": 7980000, "typical_volume": 1766600.0, "trend": 29.126465, "fair_value": 26.123807, "relative_strength": 29.738872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.432083, "energy": 68.61291, "activity_lines": [ 37.261221, 34.79508, 31.998876, 30.631148 ] }, { "date": "2023-09-15", "close": 41.094463, "volume": 6720000, "typical_volume": 2096850.0, "trend": 29.620719, "fair_value": 26.268095, "relative_strength": 37.040585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.049549, "energy": 73.526152, "activity_lines": [ 38.896027, 36.30141, 33.043589, 31.403277 ] }, { "date": "2023-09-22", "close": 39.664356, "volume": 3098000, "typical_volume": 2245700.0, "trend": 30.060827, "fair_value": 26.387573, "relative_strength": 35.993548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.227392, "energy": 67.236802, "activity_lines": [ 39.569017, 37.321222, 33.885565, 32.051254 ] }, { "date": "2023-09-29", "close": 42.314255, "volume": 4312000, "typical_volume": 2453850.0, "trend": 30.547818, "fair_value": 26.528537, "relative_strength": 43.827425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.708997, "energy": 67.824527, "activity_lines": [ 40.752357, 38.61598, 34.919815, 32.841797 ] }, { "date": "2023-10-06", "close": 47.445808, "volume": 21118000, "typical_volume": 3499950.0, "trend": 31.211042, "fair_value": 26.698539, "relative_strength": 57.852486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.580878, "energy": 71.800776, "activity_lines": [ 43.034917, 40.595072, 36.368958, 33.93199 ] }, { "date": "2023-10-13", "close": 51.651997, "volume": 11468000, "typical_volume": 4062850.0, "trend": 32.036491, "fair_value": 26.909861, "relative_strength": 66.846614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.15034, "energy": 73.147459, "activity_lines": [ 46.36061, 43.003307, 38.120799, 35.250762 ] }, { "date": "2023-10-20", "close": 50.474258, "volume": 8942000, "typical_volume": 4503500.0, "trend": 32.808434, "fair_value": 27.111704, "relative_strength": 64.131755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.409864, "energy": 68.953355, "activity_lines": [ 48.373971, 44.85097, 39.641628, 36.440295 ] }, { "date": "2023-10-27", "close": 47.614052, "volume": 5154000, "typical_volume": 4745850.0, "trend": 33.488923, "fair_value": 27.288784, "relative_strength": 55.962427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.531087, "energy": 62.778138, "activity_lines": [ 48.80861, 45.87575, 40.777743, 37.395496 ] }, { "date": "2023-11-03", "close": 44.164982, "volume": 3868000, "typical_volume": 4921500.0, "trend": 34.059623, "fair_value": 27.442684, "relative_strength": 40.164093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.334915, "energy": 55.715836, "activity_lines": [ 47.56358, 46.027173, 41.491864, 38.084274 ] }, { "date": "2023-11-10", "close": 44.66972, "volume": 2849000, "typical_volume": 5052850.0, "trend": 34.631606, "fair_value": 27.601962, "relative_strength": 39.043187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.295515, "energy": 45.125382, "activity_lines": [ 46.363413, 46.07, 42.176782, 38.768797 ] }, { "date": "2023-11-17", "close": 43.996727, "volume": 2674000, "typical_volume": 5173900.0, "trend": 35.186336, "fair_value": 27.757783, "relative_strength": 31.649231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.241174, "energy": 31.075961, "activity_lines": [ 45.123988, 45.943049, 42.721444, 39.372998 ] }, { "date": "2023-11-24", "close": 46.772816, "volume": 4718000, "typical_volume": 5397450.0, "trend": 35.841374, "fair_value": 27.931185, "relative_strength": 37.908595, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.781718, "energy": 28.033615, "activity_lines": [ 45.320278, 46.209186, 43.456059, 40.120513 ] }, { "date": "2023-12-01", "close": 46.68869, "volume": 2158000, "typical_volume": 5487950.0, "trend": 36.496198, "fair_value": 28.101905, "relative_strength": 35.130712, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.446549, "energy": 31.354761, "activity_lines": [ 45.735288, 46.356784, 44.096302, 40.82034 ] }, { "date": "2023-12-08", "close": 47.950546, "volume": 7564000, "typical_volume": 5852750.0, "trend": 37.200856, "fair_value": 28.2625, "relative_strength": 37.767061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.233128, "energy": 40.034372, "activity_lines": [ 46.632607, 46.606096, 44.769096, 41.55933 ] }, { "date": "2023-12-15", "close": 48.371166, "volume": 20407000, "typical_volume": 6848250.0, "trend": 37.916943, "fair_value": 28.395578, "relative_strength": 35.34349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.731822, "energy": 41.611613, "activity_lines": [ 47.417763, 46.829407, 45.38998, 42.279995 ] }, { "date": "2023-12-22", "close": 45.847454, "volume": 3158000, "typical_volume": 6925700.0, "trend": 38.555383, "fair_value": 28.515479, "relative_strength": 27.755992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.030224, "energy": 36.018974, "activity_lines": [ 47.114918, 46.577035, 45.678204, 42.791641 ] }, { "date": "2023-12-29", "close": 47.698177, "volume": 3552000, "typical_volume": 6886550.0, "trend": 39.249038, "fair_value": 28.646386, "relative_strength": 29.303844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.185599, "energy": 35.502083, "activity_lines": [ 47.305599, 46.766697, 46.079595, 43.381498 ] }, { "date": "2024-01-05", "close": 49.044159, "volume": 2258000, "typical_volume": 6799200.0, "trend": 39.951292, "fair_value": 28.790635, "relative_strength": 34.711209, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.393686, "energy": 38.632003, "activity_lines": [ 47.88325, 47.251556, 46.543077, 44.013442 ] }, { "date": "2024-01-12", "close": 46.099823, "volume": 2635000, "typical_volume": 6890450.0, "trend": 40.556698, "fair_value": 28.912154, "relative_strength": 25.577124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.437252, "energy": 30.88803, "activity_lines": [ 47.322424, 47.175079, 46.654841, 44.410121 ] }, { "date": "2024-01-19", "close": 47.277561, "volume": 1706100, "typical_volume": 6316955.0, "trend": 41.176752, "fair_value": 29.039293, "relative_strength": 26.368187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.81333, "energy": 32.092929, "activity_lines": [ 47.277559, 47.277558, 46.81708, 44.843725 ] }, { "date": "2024-01-26", "close": 48.875904, "volume": 3296000, "typical_volume": 6082755.0, "trend": 41.860446, "fair_value": 29.181607, "relative_strength": 27.090549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.591615, "energy": 36.004679, "activity_lines": [ 47.838382, 47.623229, 47.106706, 45.340445 ] }, { "date": "2024-02-02", "close": 51.483746, "volume": 5197000, "typical_volume": 6006605.0, "trend": 42.622002, "fair_value": 29.344066, "relative_strength": 31.89586, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.493813, "energy": 44.94801, "activity_lines": [ 49.066589, 48.354341, 47.59222, 45.961303 ] }, { "date": "2024-02-09", "close": 50.390137, "volume": 552000, "typical_volume": 5879305.0, "trend": 43.358761, "fair_value": 29.499729, "relative_strength": 27.543456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.591134, "energy": 53.869352, "activity_lines": [ 49.677888, 48.800962, 47.924109, 46.462473 ] }, { "date": "2024-02-16", "close": 52.829727, "volume": 1765000, "typical_volume": 5751955.0, "trend": 44.165183, "fair_value": 29.66653, "relative_strength": 28.749336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.481639, "energy": 68.636322, "activity_lines": [ 51.012653, 49.623846, 48.437264, 47.073503 ] }, { "date": "2024-02-23", "close": 51.651997, "volume": 9943000, "typical_volume": 5193205.0, "trend": 44.92069, "fair_value": 29.829639, "relative_strength": 22.898806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.571583, "energy": 62.70213, "activity_lines": [ 51.50618, 50.143884, 48.78818, 47.556523 ] }, { "date": "2024-03-01", "close": 52.66148, "volume": 2126000, "typical_volume": 4726105.0, "trend": 45.589474, "fair_value": 29.974363, "relative_strength": 23.913952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.262106, "energy": 57.030777, "activity_lines": [ 52.044573, 50.787814, 49.215209, 48.055929 ] }, { "date": "2024-03-08", "close": 51.063129, "volume": 3043000, "typical_volume": 4431155.0, "trend": 46.16432, "fair_value": 30.119984, "relative_strength": 14.205553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.399694, "energy": 43.341785, "activity_lines": [ 51.79781, 51.017242, 49.485206, 48.409068 ] }, { "date": "2024-03-15", "close": 47.782303, "volume": 2307000, "typical_volume": 4288805.0, "trend": 46.621393, "fair_value": 30.254644, "relative_strength": 6.801117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.549841, "energy": 25.212011, "activity_lines": [ 50.485479, 50.588976, 49.43994, 48.513454 ] }, { "date": "2024-03-22", "close": 49.044159, "volume": 1334000, "typical_volume": 4162105.0, "trend": 47.151372, "fair_value": 30.398894, "relative_strength": 6.027873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.648018, "energy": 18.373576, "activity_lines": [ 49.767623, 50.413081, 49.514049, 48.669761 ] }, { "date": "2024-03-29", "close": 48.539413, "volume": 826000, "typical_volume": 4060955.0, "trend": 47.36729, "fair_value": 30.536265, "relative_strength": 4.002584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.854502, "energy": 19.616107, "activity_lines": [ 49.13389, 50.091881, 49.516853, 48.759312 ] }, { "date": "2024-04-05", "close": 48.707664, "volume": 467000, "typical_volume": 3950605.0, "trend": 47.729022, "fair_value": 30.673643, "relative_strength": 3.546573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.735884, "energy": 19.882566, "activity_lines": [ 48.763746, 49.778329, 49.517254, 48.845788 ] }, { "date": "2024-04-12", "close": 49.969521, "volume": 1715000, "typical_volume": 3800455.0, "trend": 48.024858, "fair_value": 30.804753, "relative_strength": 3.597217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.15906, "energy": 15.783511, "activity_lines": [ 49.077808, 49.697265, 49.615398, 48.990336 ] }, { "date": "2024-04-19", "close": 46.856937, "volume": 1352000, "typical_volume": 3760155.0, "trend": 48.26461, "fair_value": 30.90584, "relative_strength": 2.612621, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.335906, "energy": 11.175843, "activity_lines": [ 48.42725, 49.077807, 49.401884, 48.914987 ] }, { "date": "2024-04-26", "close": 47.866425, "volume": 726000, "typical_volume": 3418255.0, "trend": 48.449683, "fair_value": 31.018969, "relative_strength": 1.200837, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.938488, "energy": 14.956264, "activity_lines": [ 48.174878, 48.706133, 49.28371, 48.889297 ] }, { "date": "2024-05-03", "close": 50.221889, "volume": 827000, "typical_volume": 2439255.0, "trend": 48.542219, "fair_value": 31.143341, "relative_strength": 4.453059, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.051202, "energy": 11.176265, "activity_lines": [ 48.786177, 48.852967, 49.390267, 49.003633 ] }, { "date": "2024-05-10", "close": 55.185192, "volume": 11400000, "typical_volume": 2851355.0, "trend": 48.659992, "fair_value": 31.299957, "relative_strength": 11.82747, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.97838, "energy": 41.264734, "activity_lines": [ 50.939746, 49.928222, 49.960706, 49.432212 ] }, { "date": "2024-05-17", "close": 54.512203, "volume": 2211000, "typical_volume": 2784305.0, "trend": 48.79459, "fair_value": 31.461258, "relative_strength": 6.830167, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.64318, "energy": 64.564111, "activity_lines": [ 52.437149, 50.835229, 50.422586, 49.809774 ] }, { "date": "2024-05-24", "close": 53.250343, "volume": 2387000, "typical_volume": 2790755.0, "trend": 48.982466, "fair_value": 31.644684, "relative_strength": 2.174882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.123036, "energy": 67.28934, "activity_lines": [ 53.211087, 51.450097, 50.73184, 50.097242 ] }, { "date": "2024-05-31", "close": 52.493233, "volume": 1336000, "typical_volume": 2725805.0, "trend": 49.260075, "fair_value": 31.814686, "relative_strength": 1.877611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.293407, "energy": 68.460437, "activity_lines": [ 53.306428, 51.827889, 50.94896, 50.323743 ] }, { "date": "2024-06-07", "close": 53.502712, "volume": 1025000, "typical_volume": 2691750.0, "trend": 49.554508, "fair_value": 31.982587, "relative_strength": -0.038105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.710212, "energy": 64.296755, "activity_lines": [ 53.429808, 52.326513, 51.231775, 50.597462 ] }, { "date": "2024-06-14", "close": 52.66148, "volume": 661000, "typical_volume": 2560000.0, "trend": 49.843333, "fair_value": 32.149382, "relative_strength": -4.975987, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.87886, "energy": 40.280172, "activity_lines": [ 53.054056, 52.581943, 51.40483, 50.797912 ] }, { "date": "2024-06-21", "close": 53.839211, "volume": 939000, "typical_volume": 2347100.0, "trend": 50.078879, "fair_value": 32.324797, "relative_strength": -6.452331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.38556, "energy": 38.577095, "activity_lines": [ 53.239128, 52.979619, 51.672023, 51.05571 ] }, { "date": "2024-06-28", "close": 52.997974, "volume": 595000, "typical_volume": 2349250.0, "trend": 50.289189, "fair_value": 32.493106, "relative_strength": -7.478567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.268606, "energy": 33.482172, "activity_lines": [ 53.188654, 53.153985, 51.847882, 51.244039 ] }, { "date": "2024-07-05", "close": 54.428074, "volume": 1119000, "typical_volume": 2316950.0, "trend": 50.505106, "fair_value": 32.669296, "relative_strength": -7.520314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.95533, "energy": 35.886899, "activity_lines": [ 53.631705, 53.476714, 52.147522, 51.511064 ] }, { "date": "2024-07-12", "close": 58.466019, "volume": 6333000, "typical_volume": 2136450.0, "trend": 50.841602, "fair_value": 32.869442, "relative_strength": -2.760754, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.240616, "energy": 55.198313, "activity_lines": [ 55.291748, 54.414311, 52.824118, 52.024671 ] }, { "date": "2024-07-19", "close": 59.643753, "volume": 4165000, "typical_volume": 2238400.0, "trend": 51.301478, "fair_value": 33.070923, "relative_strength": 3.012298, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.833046, "energy": 73.20935, "activity_lines": [ 57.013481, 55.416149, 53.580431, 52.592552 ] }, { "date": "2024-07-26", "close": 64.522926, "volume": 4659000, "typical_volume": 2319200.0, "trend": 51.862303, "fair_value": 33.315253, "relative_strength": 14.14228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.470063, "energy": 88.648772, "activity_lines": [ 59.896121, 57.224045, 54.768178, 53.445548 ] }, { "date": "2024-08-02", "close": 59.643223, "volume": 10602000, "typical_volume": 2733950.0, "trend": 52.215605, "fair_value": 33.529587, "relative_strength": 7.193704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.725221, "energy": 75.435964, "activity_lines": [ 60.439946, 57.962709, 55.427097, 53.947543 ] }, { "date": "2024-08-09", "close": 56.573353, "volume": 4927000, "typical_volume": 2913600.0, "trend": 52.564723, "fair_value": 33.722101, "relative_strength": 2.020881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.027566, "energy": 56.920133, "activity_lines": [ 59.517464, 58.02698, 55.737167, 54.228688 ] }, { "date": "2024-08-16", "close": 61.835987, "volume": 2523000, "typical_volume": 2998450.0, "trend": 53.050004, "fair_value": 33.946251, "relative_strength": 6.573712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.078761, "energy": 49.731362, "activity_lines": [ 60.206175, 58.97391, 56.512587, 54.826834 ] }, { "date": "2024-08-23", "close": 60.520332, "volume": 2177000, "typical_volume": 3083950.0, "trend": 53.438151, "fair_value": 34.175111, "relative_strength": 4.648268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.673592, "energy": 40.365795, "activity_lines": [ 60.231669, 59.530116, 57.099389, 55.308791 ] }, { "date": "2024-08-30", "close": 61.397438, "volume": 2465000, "typical_volume": 3121450.0, "trend": 53.768608, "fair_value": 34.413673, "relative_strength": 5.461421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.997173, "energy": 39.669067, "activity_lines": [ 60.491094, 60.102907, 57.713475, 55.822293 ] }, { "date": "2024-09-06", "close": 57.889011, "volume": 2008000, "typical_volume": 3154250.0, "trend": 54.01857, "fair_value": 34.628838, "relative_strength": 2.982968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.121695, "energy": 31.247908, "activity_lines": [ 59.789409, 59.90038, 57.939006, 56.088126 ] }, { "date": "2024-09-13", "close": 64.291893, "volume": 12837000, "typical_volume": 3759800.0, "trend": 54.400642, "fair_value": 34.885955, "relative_strength": 12.235146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.605061, "energy": 40.602271, "activity_lines": [ 61.338965, 60.773086, 58.721802, 56.750921 ] }, { "date": "2024-09-20", "close": 64.730446, "volume": 8410000, "typical_volume": 4138950.0, "trend": 54.836591, "fair_value": 35.151774, "relative_strength": 10.562861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.566183, "energy": 42.224341, "activity_lines": [ 62.520136, 61.546187, 59.468148, 57.41736 ] }, { "date": "2024-09-27", "close": 61.923698, "volume": 3362000, "typical_volume": 3737050.0, "trend": 55.145331, "fair_value": 35.404361, "relative_strength": 2.600559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.749448, "energy": 36.125791, "activity_lines": [ 62.572761, 61.695071, 59.878096, 57.874592 ] }, { "date": "2024-10-04", "close": 62.7131, "volume": 2290000, "typical_volume": 3741000.0, "trend": 55.533664, "fair_value": 35.663821, "relative_strength": 6.377986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.906311, "energy": 37.441966, "activity_lines": [ 62.794962, 61.946029, 60.331137, 58.362835 ] }, { "date": "2024-10-11", "close": 59.730934, "volume": 5179000, "typical_volume": 3880600.0, "trend": 55.931951, "fair_value": 35.906205, "relative_strength": -0.992056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.579124, "energy": 28.897775, "activity_lines": [ 61.935397, 61.687681, 60.461111, 58.633627 ] }, { "date": "2024-10-18", "close": 59.994072, "volume": 2514000, "typical_volume": 3939500.0, "trend": 56.296949, "fair_value": 36.149821, "relative_strength": -2.668956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.16316, "energy": 17.894709, "activity_lines": [ 61.040749, 61.475581, 60.585286, 58.895699 ] }, { "date": "2024-10-25", "close": 62.976231, "volume": 3598000, "typical_volume": 4068150.0, "trend": 56.778176, "fair_value": 36.414141, "relative_strength": 2.968101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.935849, "energy": 20.381706, "activity_lines": [ 61.426676, 61.743497, 60.957757, 59.326621 ] }, { "date": "2024-11-01", "close": 58.853828, "volume": 2709000, "typical_volume": 4170550.0, "trend": 57.116381, "fair_value": 36.646369, "relative_strength": -1.304688, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.710541, "energy": 14.109907, "activity_lines": [ 60.555417, 61.241154, 60.892506, 59.460534 ] }, { "date": "2024-11-08", "close": 55.87167, "volume": 3328000, "typical_volume": 4290000.0, "trend": 57.31312, "fair_value": 36.856082, "relative_strength": -9.179904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.304916, "energy": 9.889565, "activity_lines": [ 58.894762, 60.226901, 60.513754, 59.38023 ] }, { "date": "2024-11-15", "close": 55.959381, "volume": 2742000, "typical_volume": 4397350.0, "trend": 57.616534, "fair_value": 37.051399, "relative_strength": -5.72645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.238415, "energy": 18.691911, "activity_lines": [ 57.71944, 59.329063, 60.133676, 59.292892 ] }, { "date": "2024-11-22", "close": 56.310219, "volume": 1500322, "typical_volume": 4416416.1, "trend": 57.897994, "fair_value": 37.255991, "relative_strength": -5.632697, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.99626, "energy": 35.891568, "activity_lines": [ 56.912501, 58.530098, 59.772909, 59.208614 ] }, { "date": "2024-11-29", "close": 55.696247, "volume": 2670000, "typical_volume": 4233266.1, "trend": 58.080473, "fair_value": 37.454381, "relative_strength": -3.846099, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.104674, "energy": 42.739786, "activity_lines": [ 56.146495, 57.764623, 59.344706, 59.066565 ] }, { "date": "2024-12-06", "close": 58.766117, "volume": 2839000, "typical_volume": 4166966.1, "trend": 58.199837, "fair_value": 37.674263, "relative_strength": -2.455823, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.57473, "energy": 29.012397, "activity_lines": [ 56.889111, 57.721565, 59.222062, 59.1108 ] }, { "date": "2024-12-13", "close": 60.520332, "volume": 9689000, "typical_volume": 4418466.1, "trend": 58.400108, "fair_value": 37.902443, "relative_strength": 1.29087, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.966529, "energy": 7.614562, "activity_lines": [ 58.222313, 58.054865, 59.270664, 59.26051 ] }, { "date": "2024-12-20", "close": 57.275043, "volume": 2594000, "typical_volume": 4018066.1, "trend": 58.534265, "fair_value": 38.108234, "relative_strength": -1.923481, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.294154, "energy": 7.62512, "activity_lines": [ 58.16384, 57.837982, 59.029252, 59.187925 ] }, { "date": "2024-12-27", "close": 59.467808, "volume": 1644000, "typical_volume": 3853916.1, "trend": 58.76675, "fair_value": 38.316523, "relative_strength": -1.44055, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.761245, "energy": 7.849951, "activity_lines": [ 58.748579, 58.064435, 59.007951, 59.248154 ] }, { "date": "2025-01-03", "close": 60.169483, "volume": 1358000, "typical_volume": 3795666.1, "trend": 58.988976, "fair_value": 38.530444, "relative_strength": 1.451764, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.720126, "energy": 10.695018, "activity_lines": [ 59.356704, 58.428034, 59.039693, 59.338652 ] }, { "date": "2025-01-10", "close": 63.414783, "volume": 5540000, "typical_volume": 3963816.1, "trend": 59.34742, "fair_value": 38.76562, "relative_strength": 6.345008, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.320618, "energy": 31.66835, "activity_lines": [ 60.748379, 59.43272, 59.388447, 59.624188 ] }, { "date": "2025-01-17", "close": 64.467308, "volume": 4097000, "typical_volume": 4045416.1, "trend": 59.701689, "fair_value": 39.00913, "relative_strength": 7.385282, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.382968, "energy": 47.956691, "activity_lines": [ 62.180985, 60.545847, 59.823659, 59.954504 ] }, { "date": "2025-01-24", "close": 66.046097, "volume": 3228000, "typical_volume": 4106416.1, "trend": 60.136627, "fair_value": 39.261174, "relative_strength": 8.177278, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.591928, "energy": 65.994458, "activity_lines": [ 63.876723, 61.789743, 60.394613, 60.36382 ] }, { "date": "2025-02-07", "close": 70.607056, "volume": 5692647, "typical_volume": 3749198.45, "trend": 60.675926, "fair_value": 39.541096, "relative_strength": 15.745571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.41306, "energy": 81.776682, "activity_lines": [ 66.508043, 63.679508, 61.3611, 61.039332 ] }, { "date": "2025-02-14", "close": 65.168999, "volume": 3883320, "typical_volume": 3522864.45, "trend": 60.899359, "fair_value": 39.789784, "relative_strength": 8.309489, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.481968, "energy": 71.377494, "activity_lines": [ 66.584061, 64.320594, 61.779606, 61.329208 ] }, { "date": "2025-02-21", "close": 64.905869, "volume": 2110719, "typical_volume": 3460300.4, "trend": 61.074763, "fair_value": 40.032252, "relative_strength": 5.327449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.923526, "energy": 64.645084, "activity_lines": [ 66.239067, 64.741606, 62.170963, 61.587692 ] }, { "date": "2025-02-28", "close": 65.958389, "volume": 1940070, "typical_volume": 3442803.9, "trend": 61.122612, "fair_value": 40.282375, "relative_strength": 10.075818, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.272471, "energy": 46.047058, "activity_lines": [ 66.145508, 65.242354, 62.648359, 61.902765 ] }, { "date": "2025-03-07", "close": 73.676926, "volume": 17656213, "typical_volume": 4066664.55, "trend": 61.590402, "fair_value": 40.5856, "relative_strength": 25.108954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.458199, "energy": 50.943797, "activity_lines": [ 68.52539, 67.047598, 63.8454, 62.712721 ] }, { "date": "2025-03-14", "close": 71.571869, "volume": 5729990, "typical_volume": 4227464.05, "trend": 62.090352, "fair_value": 40.873973, "relative_strength": 24.27777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.441166, "energy": 54.089771, "activity_lines": [ 69.694864, 68.171888, 64.77555, 63.356686 ] }, { "date": "2025-03-21", "close": 71.571869, "volume": 2112634, "typical_volume": 4153195.75, "trend": 62.414882, "fair_value": 41.161892, "relative_strength": 22.216176, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.388235, "energy": 67.817858, "activity_lines": [ 70.800016, 69.076105, 65.650568, 63.968397 ] }, { "date": "2025-03-28", "close": 72.185844, "volume": 5421018, "typical_volume": 4288796.65, "trend": 62.803732, "fair_value": 41.447628, "relative_strength": 25.881739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.92961, "energy": 73.011367, "activity_lines": [ 71.68297, 69.884637, 66.543128, 64.598782 ] }, { "date": "2025-04-04", "close": 72.27356, "volume": 2427086, "typical_volume": 4243750.95, "trend": 63.166269, "fair_value": 41.733926, "relative_strength": 26.916636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.161058, "energy": 64.066589, "activity_lines": [ 72.10983, 70.549644, 67.380556, 65.209738 ] }, { "date": "2025-04-11", "close": 63.414783, "volume": 5236058, "typical_volume": 4368453.85, "trend": 63.350462, "fair_value": 41.962984, "relative_strength": 20.710184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.429431, "energy": 26.222618, "activity_lines": [ 69.162753, 69.462032, 67.296187, 65.225771 ] }, { "date": "2025-04-18", "close": 63.590202, "volume": 2660298, "typical_volume": 4426452.65, "trend": 63.327072, "fair_value": 42.194752, "relative_strength": 21.126344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.166167, "energy": 16.542772, "activity_lines": [ 66.958292, 68.454157, 67.193022, 65.241239 ] }, { "date": "2025-04-25", "close": 64.642731, "volume": 2222265, "typical_volume": 4404065.9, "trend": 63.324148, "fair_value": 42.434628, "relative_strength": 19.44728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.260957, "energy": 20.186098, "activity_lines": [ 65.636785, 67.765229, 67.155432, 65.32612 ] }, { "date": "2025-05-02", "close": 70.607056, "volume": 7157138, "typical_volume": 4619972.8, "trend": 63.613594, "fair_value": 42.71047, "relative_strength": 23.836117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.746216, "energy": 24.010402, "activity_lines": [ 66.765329, 68.170293, 67.64327, 65.795985 ] }, { "date": "2025-05-09", "close": 66.92321, "volume": 4894200, "typical_volume": 4380232.8, "trend": 63.753931, "fair_value": 42.964964, "relative_strength": 16.066514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.210067, "energy": 15.163348, "activity_lines": [ 66.771177, 67.801909, 67.723881, 66.009508 ] }, { "date": "2025-05-16", "close": 71.221024, "volume": 3072596, "typical_volume": 4404162.6, "trend": 64.136934, "fair_value": 43.247461, "relative_strength": 17.779643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.804436, "energy": 25.620389, "activity_lines": [ 68.566319, 68.197404, 68.183317, 66.491256 ] }, { "date": "2025-05-23", "close": 74.378616, "volume": 5182586, "typical_volume": 4581091.9, "trend": 64.616418, "fair_value": 43.549972, "relative_strength": 23.342786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.503242, "energy": 47.850973, "activity_lines": [ 70.893577, 69.211658, 68.877067, 67.15201 ] }, { "date": "2025-05-30", "close": 73.676926, "volume": 1954359, "typical_volume": 4610909.85, "trend": 64.973108, "fair_value": 43.844587, "relative_strength": 23.089742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.714356, "energy": 55.255366, "activity_lines": [ 72.267709, 70.047301, 69.432985, 67.736559 ] }, { "date": "2025-06-06", "close": 69.115974, "volume": 2588920, "typical_volume": 4463355.85, "trend": 65.31518, "fair_value": 44.11087, "relative_strength": 13.246615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.215064, "energy": 51.221641, "activity_lines": [ 71.519245, 70.015407, 69.490206, 68.003841 ] }, { "date": "2025-06-13", "close": 65.607552, "volume": 4082289, "typical_volume": 4462620.3, "trend": 65.639709, "fair_value": 44.352625, "relative_strength": 5.113795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.614146, "energy": 21.47413, "activity_lines": [ 69.700713, 69.401433, 69.186143, 68.022703 ] }, { "date": "2025-06-20", "close": 65.607552, "volume": 2119332, "typical_volume": 4407186.9, "trend": 65.961315, "fair_value": 44.596872, "relative_strength": 4.790306, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.729873, "energy": 10.594219, "activity_lines": [ 67.969891, 68.908659, 68.87665, 68.020629 ] }, { "date": "2025-06-27", "close": 67.800316, "volume": 1799957, "typical_volume": 4212552.4, "trend": 66.344318, "fair_value": 44.859708, "relative_strength": 5.240171, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.61153, "energy": 15.210173, "activity_lines": [ 67.344221, 68.774701, 68.77808, 68.139274 ] }, { "date": "2025-07-04", "close": 66.046097, "volume": 1688629, "typical_volume": 4102817.85, "trend": 66.689313, "fair_value": 45.116964, "relative_strength": 2.232544, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.80766, "energy": 17.637285, "activity_lines": [ 66.572366, 68.245247, 68.525807, 68.120034 ] }, { "date": "2025-07-11", "close": 67.537186, "volume": 972452, "typical_volume": 4045904.5, "trend": 66.981682, "fair_value": 45.392844, "relative_strength": 3.149831, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.367139, "energy": 16.951799, "activity_lines": [ 66.806261, 67.961384, 68.411366, 68.174735 ] }, { "date": "2025-07-18", "close": 67.449471, "volume": 2972539, "typical_volume": 4097527.95, "trend": 67.212653, "fair_value": 45.669068, "relative_strength": -0.062728, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.42894, "energy": 14.070354, "activity_lines": [ 67.116172, 67.717389, 68.276041, 68.204915 ] }, { "date": "2025-07-25", "close": 67.483566, "volume": 4325694, "typical_volume": 3431002.0, "trend": 67.552937, "fair_value": 45.943244, "relative_strength": -0.118489, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.690816, "energy": 11.213376, "activity_lines": [ 67.314652, 67.470024, 68.136862, 68.222394 ] }, { "date": "2025-08-01", "close": 59.879781, "volume": 5959095, "typical_volume": 3442457.25, "trend": 67.56667, "fair_value": 46.167772, "relative_strength": -11.42434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -46.71814, "energy": 44.20442, "activity_lines": [ 64.85347, 65.908107, 67.303006, 67.727351 ] }, { "date": "2025-08-08", "close": 59.594639, "volume": 1989625, "typical_volume": 3436306.8, "trend": 67.547508, "fair_value": 46.383899, "relative_strength": -13.841645, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.501903, "energy": 71.955701, "activity_lines": [ 62.825276, 64.557961, 66.49767, 67.213027 ] }, { "date": "2025-08-15", "close": 60.069878, "volume": 2181394, "typical_volume": 3274325.6, "trend": 67.436012, "fair_value": 46.604073, "relative_strength": -14.176905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.324046, "energy": 77.449794, "activity_lines": [ 61.385593, 63.550263, 65.79463, 66.730599 ] }, { "date": "2025-08-22", "close": 58.454071, "volume": 1655251, "typical_volume": 3235733.85, "trend": 67.23557, "fair_value": 46.814884, "relative_strength": -14.306345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.342335, "energy": 83.629588, "activity_lines": [ 59.905127, 62.413257, 64.995398, 66.151119 ] }, { "date": "2025-08-29", "close": 60.355019, "volume": 859091, "typical_volume": 3016885.5, "trend": 67.045868, "fair_value": 47.035142, "relative_strength": -13.090472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.195441, "energy": 77.665414, "activity_lines": [ 59.658005, 61.751942, 64.443016, 65.707212 ] }, { "date": "2025-09-05", "close": 61.495583, "volume": 1304105, "typical_volume": 2949075.85, "trend": 66.742152, "fair_value": 47.259971, "relative_strength": -12.248164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.352704, "energy": 65.101141, "activity_lines": [ 60.266307, 61.393502, 64.013829, 65.349129 ] }, { "date": "2025-09-12", "close": 57.313503, "volume": 1516570, "typical_volume": 2913791.1, "trend": 66.480302, "fair_value": 47.45301, "relative_strength": -21.12321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.327079, "energy": 64.39316, "activity_lines": [ 59.372862, 60.389315, 63.196323, 64.740829 ] }, { "date": "2025-09-19", "close": 56.172935, "volume": 976076, "typical_volume": 2604738.0, "trend": 66.189204, "fair_value": 47.643969, "relative_strength": -22.610628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.180597, "energy": 63.153633, "activity_lines": [ 58.251303, 59.336527, 62.305093, 64.075838 ] }, { "date": "2025-09-26", "close": 56.172935, "volume": 946580, "typical_volume": 2407357.0, "trend": 65.863022, "fair_value": 47.837169, "relative_strength": -22.234359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.072588, "energy": 71.237471, "activity_lines": [ 57.389541, 58.490362, 61.482597, 63.429627 ] }, { "date": "2025-10-03", "close": 56.64817, "volume": 445150, "typical_volume": 2275984.7, "trend": 65.295397, "fair_value": 48.034412, "relative_strength": -24.730887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.291956, "energy": 76.775836, "activity_lines": [ 56.838266, 57.935631, 60.756553, 62.835121 ] }, { "date": "2025-10-10", "close": 57.408554, "volume": 372516, "typical_volume": 2035481.2, "trend": 64.823287, "fair_value": 48.246492, "relative_strength": -24.867329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.954692, "energy": 68.116448, "activity_lines": [ 56.787575, 57.716158, 60.172321, 62.326292 ] }, { "date": "2025-10-17", "close": 58.16893, "volume": 802789, "typical_volume": 1977902.7, "trend": 64.376522, "fair_value": 48.464443, "relative_strength": -23.622795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.760489, "energy": 48.970736, "activity_lines": [ 57.262812, 57.679868, 59.741316, 61.896979 ] }, { "date": "2025-10-24", "close": 59.119404, "volume": 578372, "typical_volume": 1877375.3, "trend": 63.940974, "fair_value": 48.698201, "relative_strength": -22.806342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.335887, "energy": 35.590033, "activity_lines": [ 57.997845, 57.842312, 59.47468, 61.55781 ] }, { "date": "2025-10-31", "close": 60.259972, "volume": 716028, "typical_volume": 1709062.25, "trend": 63.540521, "fair_value": 48.934537, "relative_strength": -22.971177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.392128, "energy": 26.330805, "activity_lines": [ 58.916636, 58.229415, 59.364271, 61.320326 ] }, { "date": "2025-11-07", "close": 58.359028, "volume": 2393681, "typical_volume": 1722779.7, "trend": 63.371996, "fair_value": 49.160183, "relative_strength": -23.580239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.426579, "energy": 22.391192, "activity_lines": [ 58.92931, 58.238056, 59.098286, 60.986036 ] }, { "date": "2025-11-14", "close": 55.887794, "volume": 1109013, "typical_volume": 1688232.5, "trend": 63.115249, "fair_value": 49.368492, "relative_strength": -25.966773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.815731, "energy": 31.993138, "activity_lines": [ 58.004182, 57.833673, 58.631461, 60.503184 ] }, { "date": "2025-11-21", "close": 55.222462, "volume": 1154362, "typical_volume": 1661519.15, "trend": 62.80124, "fair_value": 49.568801, "relative_strength": -23.987374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.243746, "energy": 44.90666, "activity_lines": [ 56.958661, 57.41028, 58.157998, 59.993972 ] }, { "date": "2025-11-28", "close": 57.693695, "volume": 573050, "typical_volume": 1641549.05, "trend": 62.370795, "fair_value": 49.783207, "relative_strength": -23.813605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.271605, "energy": 41.626789, "activity_lines": [ 56.933316, 57.474221, 57.971431, 59.664453 ] }, { "date": "2025-12-05", "close": 55.602654, "volume": 607376, "typical_volume": 1523290.9, "trend": 61.993443, "fair_value": 49.981719, "relative_strength": -27.242213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.7827, "energy": 52.10485, "activity_lines": [ 56.306003, 57.130323, 57.632592, 59.227799 ] }, { "date": "2025-12-12", "close": 55.602654, "volume": 532573, "typical_volume": 1333634.85, "trend": 61.472831, "fair_value": 50.17749, "relative_strength": -27.515685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.806863, "energy": 56.294523, "activity_lines": [ 55.989179, 56.796793, 57.350166, 58.81549 ] }, { "date": "2025-12-19", "close": 55.602654, "volume": 329010, "typical_volume": 1052130.6, "trend": 60.846965, "fair_value": 50.374009, "relative_strength": -25.87716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.948541, "energy": 43.392728, "activity_lines": [ 55.856113, 56.482273, 57.124315, 58.436769 ] }, { "date": "2025-12-26", "close": 55.982845, "volume": 325052, "typical_volume": 968901.95, "trend": 60.257162, "fair_value": 50.573712, "relative_strength": -27.315677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.141394, "energy": 41.958368, "activity_lines": [ 55.868787, 56.269713, 56.955041, 58.122954 ] }, { "date": "2026-01-02", "close": 56.077888, "volume": 361828, "typical_volume": 877923.65, "trend": 59.82256, "fair_value": 50.774772, "relative_strength": -28.834531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.961056, "energy": 37.155917, "activity_lines": [ 55.86245, 56.114181, 56.812017, 57.853324 ] }, { "date": "2026-01-09", "close": 55.507607, "volume": 757096, "typical_volume": 833015.9, "trend": 59.485895, "fair_value": 50.975164, "relative_strength": -31.352002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.470452, "energy": 35.301775, "activity_lines": [ 55.773739, 55.910261, 56.63369, 57.57494 ] }, { "date": "2026-01-16", "close": 55.507607, "volume": 643330, "typical_volume": 822227.85, "trend": 59.14923, "fair_value": 51.175059, "relative_strength": -33.324568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.783026, "energy": 34.730454, "activity_lines": [ 55.691365, 55.792748, 56.469394, 57.318276 ] }, { "date": "2026-01-23", "close": 56.267986, "volume": 753177, "typical_volume": 794681.45, "trend": 58.764819, "fair_value": 51.379081, "relative_strength": -33.082824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.13511, "energy": 26.303275, "activity_lines": [ 55.868787, 55.86533, 56.400599, 57.132389 ] }, { "date": "2026-01-30", "close": 53.416569, "volume": 1137425, "typical_volume": 775724.2, "trend": 58.343835, "fair_value": 51.567066, "relative_strength": -36.143644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.119911, "energy": 41.35958, "activity_lines": [ 55.051381, 55.41256, 56.085132, 56.787341 ] }, { "date": "2026-02-06", "close": 53.416569, "volume": 516030, "typical_volume": 752721.9, "trend": 57.873147, "fair_value": 51.750319, "relative_strength": -34.943217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.835067, "energy": 53.731699, "activity_lines": [ 54.40506, 54.992624, 55.788223, 56.469453 ] }, { "date": "2026-02-13", "close": 55.127419, "volume": 294242, "typical_volume": 720105.0, "trend": 57.462412, "fair_value": 51.939308, "relative_strength": -35.941293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.575507, "energy": 45.311947, "activity_lines": [ 54.506444, 54.961518, 55.667377, 56.292309 ] }, { "date": "2026-02-27", "close": 56.553127, "volume": 490078, "typical_volume": 722351.4, "trend": 57.098064, "fair_value": 52.133451, "relative_strength": -37.103347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.49321, "energy": 31.554748, "activity_lines": [ 55.108409, 55.198272, 55.687292, 56.233646 ] }, { "date": "2026-03-06", "close": 57.693695, "volume": 1040100, "typical_volume": 755730.6, "trend": 57.025195, "fair_value": 52.333659, "relative_strength": -31.777651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.436198, "energy": 8.786302, "activity_lines": [ 56.020863, 55.625121, 55.816285, 56.272073 ] }, { "date": "2026-03-13", "close": 52.561142, "volume": 1602360, "typical_volume": 795709.15, "trend": 56.790745, "fair_value": 52.492997, "relative_strength": -36.658314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.454355, "energy": 22.037652, "activity_lines": [ 55.127419, 55.080759, 55.455105, 55.98407 ] }, { "date": "2026-03-20", "close": 57.503597, "volume": 5581364, "typical_volume": 1045858.75, "trend": 56.705202, "fair_value": 52.685013, "relative_strength": -30.16423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.58044, "energy": 10.225417, "activity_lines": [ 55.938487, 55.497238, 55.591339, 56.03006 ] }, { "date": "2026-03-27", "close": 55.317513, "volume": 774461, "typical_volume": 1048780.4, "trend": 56.60065, "fair_value": 52.86725, "relative_strength": -31.106436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.187146, "energy": 12.071337, "activity_lines": [ 55.748393, 55.490326, 55.527069, 55.940532 ] }, { "date": "2026-04-03", "close": 53.891804, "volume": 653210, "typical_volume": 961756.85, "trend": 56.38521, "fair_value": 53.037608, "relative_strength": -30.843785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.491114, "energy": 25.50751, "activity_lines": [ 55.070389, 55.22765, 55.350553, 55.765768 ] }, { "date": "2026-04-10", "close": 57.408554, "volume": 903268, "typical_volume": 951469.6, "trend": 56.248976, "fair_value": 53.231256, "relative_strength": -31.270128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.288635, "energy": 5.279611, "activity_lines": [ 55.742057, 55.633761, 55.530238, 55.83179 ] }, { "date": "2026-04-17", "close": 57.408554, "volume": 891155, "typical_volume": 938309.25, "trend": 56.252144, "fair_value": 53.425901, "relative_strength": -32.936579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.892832, "energy": 10.321355, "activity_lines": [ 56.432735, 56.019135, 55.702681, 55.906601 ] }, { "date": "2026-04-24", "close": 64.156906, "volume": 4170786, "typical_volume": 1118196.05, "trend": 56.518276, "fair_value": 53.660815, "relative_strength": -28.181556, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 50.091737, "energy": 53.446198, "activity_lines": [ 59.049702, 57.5589, 56.507414, 56.416586 ] }, { "date": "2026-05-01", "close": 69.954788, "volume": 13272451, "typical_volume": 1751449.8, "trend": 56.977671, "fair_value": 53.933892, "relative_strength": -20.712326, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 85.367081, "energy": 81.646936, "activity_lines": [ 63.155743, 59.957547, 57.833549, 57.283458 ] }, { "date": "2026-05-08", "close": 65.677666, "volume": 6219827, "typical_volume": 2035812.5, "trend": 57.278655, "fair_value": 54.181046, "relative_strength": -29.259314, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.34446, "energy": 79.084705, "activity_lines": [ 64.860257, 61.308946, 58.683996, 57.844748 ] }, { "date": "2026-05-15", "close": 64.061859, "volume": 2771689, "typical_volume": 2157946.45, "trend": 57.500431, "fair_value": 54.41834, "relative_strength": -29.274523, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.555576, "energy": 78.086477, "activity_lines": [ 65.240446, 62.200662, 59.33258, 58.282374 ] }, { "date": "2026-05-22", "close": 70.239937, "volume": 4815477, "typical_volume": 2382467.7, "trend": 57.902798, "fair_value": 54.696732, "relative_strength": -23.393282, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.851777, "energy": 82.142818, "activity_lines": [ 67.23644, 64.09988, 60.529271, 59.104277 ] }, { "date": "2026-05-29", "close": 73.471542, "volume": 5894709, "typical_volume": 2659111.75, "trend": 58.381203, "fair_value": 54.995341, "relative_strength": -23.061561, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.747218, "energy": 79.037643, "activity_lines": [ 69.45421, 66.26523, 61.965843, 60.108713 ] }, { "date": "2026-06-05", "close": 70.239937, "volume": 4638432, "typical_volume": 2853178.55, "trend": 58.713868, "fair_value": 55.27448, "relative_strength": -25.73081, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.892173, "energy": 60.545119, "activity_lines": [ 69.973803, 67.552689, 63.011816, 60.873792 ] }, { "date": "2026-06-12", "close": 64.156906, "volume": 2130317, "typical_volume": 2927527.9, "trend": 58.907131, "fair_value": 55.51338, "relative_strength": -29.656951, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.241323, "energy": 49.086655, "activity_lines": [ 68.446709, 67.462826, 63.408298, 61.224956 ] }, { "date": "2026-06-19", "close": 64.061859, "volume": 2690642, "typical_volume": 3024401.15, "trend": 59.1796, "fair_value": 55.744696, "relative_strength": -32.22629, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.686302, "energy": 35.47201, "activity_lines": [ 66.989317, 67.169043, 63.754542, 61.557519 ] }, { "date": "2026-06-26", "close": 62.255962, "volume": 1375383, "typical_volume": 3036299.05, "trend": 59.41405, "fair_value": 55.964685, "relative_strength": -30.298344, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.37107, "energy": 21.550434, "activity_lines": [ 64.929959, 66.425946, 63.891681, 61.755994 ] }, { "date": "2026-07-03", "close": 65.012337, "volume": 998557, "typical_volume": 3060425.4, "trend": 59.658005, "fair_value": 56.197611, "relative_strength": -29.558819, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.685767, "energy": 23.137708, "activity_lines": [ 64.321657, 66.095873, 64.24924, 62.117174 ] }, { "date": "2026-07-10", "close": 59.499592, "volume": 934279, "typical_volume": 3092427.25, "trend": 59.787903, "fair_value": 56.397191, "relative_strength": -32.439862, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.546889, "energy": 17.421446, "activity_lines": [ 62.439721, 64.74793, 64.026558, 62.106954 ] }, { "date": "2026-07-17", "close": 54.176945, "volume": 1187477, "typical_volume": 3127297.2, "trend": 59.740379, "fair_value": 56.560908, "relative_strength": -33.496238, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.515543, "energy": 28.993212, "activity_lines": [ 59.499592, 62.622327, 63.276137, 61.744956 ] }, { "date": "2026-07-24", "close": 56.5, "volume": 460776, "typical_volume": 3098331.0, "trend": 59.77029, "fair_value": 56.741758, "relative_strength": -31.103575, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.915421, "energy": 29.945691, "activity_lines": [ 57.999146, 61.128202, 62.758275, 61.5359 ] }, { "date": "2026-07-31", "close": 54.200001, "volume": 701029, "typical_volume": 3053264.45, "trend": 59.710862, "fair_value": 56.905623, "relative_strength": -31.951623, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.550828, "energy": 51.822043, "activity_lines": [ 56.236157, 59.353384, 62.027049, 61.176526 ] }, { "date": "2026-08-07", "close": 55.0, "volume": 601036, "typical_volume": 2804248.05, "trend": 59.674933, "fair_value": 57.072375, "relative_strength": -31.742281, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.642099, "energy": 55.628783, "activity_lines": [ 55.276899, 58.015655, 61.36421, 60.8726 ] }, { "date": "2026-08-14", "close": 55.0, "volume": 494119, "typical_volume": 2790230.95, "trend": 59.658012, "fair_value": 57.215977, "relative_strength": -33.201342, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.369593, "energy": 48.497411, "activity_lines": [ 54.98513, 57.013773, 60.713292, 60.570991 ] } ], "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." } } }