{ "ticker": { "uuid": "9111d04f-4b00-413b-ae5d-f7e682b079c2", "symbol": "9958", "name": "Century Iron and Steel Industrial Co.,Ltd.", "exchange": "TAI", "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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -37.939, "architecture_energy": 18.085, "architecture_maturity": 28.972, "architecture_confidence": 68.101, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 41.29, "rotation_up": 22.03, "upward_expansion": 18.23, "deceleration": 53.81, "rotation_down": 45.95, "downward_expansion": 61.23 }, "activity_lines": [ 107.345022, 108.665879, 107.264996, 108.077167 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 103.0, "trend_reference": 111.816666, "distance_from_trend": -0.078849, "trend_direction": "Weakening", "fair_value": 169.255232, "distance_from_fair_value": -0.391452, "fair_value_direction": "Improving", "relative_strength": -45.087646, "relative_strength_direction": "Improving", "price_momentum": -0.146011, "excess_performance": -0.587383, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.078849, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.068829, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.391452, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.017744, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.450876, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.115848, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.146011, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.174263, "read": "Demand-led" } ], "volume": { "latest": 12315834, "relative_activity": 1.127017, "balance": 1.174263, "dry_up": 0.859544, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.101631, "annualized_volatility": 0.427247, "from_high_reference": -0.477192, "from_low_reference": 0.066425 }, "levels": { "trend_reference": 111.816666, "fair_value_reference": 169.255232, "structural_low": 96.584412, "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": 15, "median_return": 0.004525, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.015606, "regime_survival": 0.666667, "best_return": 0.196132, "worst_return": -0.18984, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.029158, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.007863, "regime_survival": 0.333333, "best_return": 0.264706, "worst_return": -0.313305, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.043257, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.08611, "regime_survival": 0.4, "best_return": 0.276836, "worst_return": -0.227468, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.233904, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.141258, "regime_survival": 0.0, "best_return": 0.949621, "worst_return": -0.260885, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-03-29", "tenure": "Established", "return": 0.270349, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-05", "end": "2024-05-24", "tenure": "Developing", "return": 0.386574, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-07-12", "tenure": "Developing", "return": -0.043554, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-19", "end": "2024-08-09", "tenure": "New", "return": -0.243615, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-09-06", "tenure": "New", "return": 0.080751, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": 0.152745, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": -0.042918, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-11", "end": "2025-03-07", "tenure": "Established", "return": -0.084309, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-06-06", "tenure": "Established", "return": 0.157754, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": -0.190275, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-09-05", "tenure": "Developing", "return": -0.080956, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": -0.029326, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-06-26", "tenure": "Extended", "return": -0.282051, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-03", "end": "2026-08-14", "tenure": "Developing", "return": -0.106869, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 132.637543, "volume": 29251479, "typical_volume": 30609443.4, "trend": 105.654047, "fair_value": 97.577323, "relative_strength": 33.672431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.554737, "energy": 64.001289, "activity_lines": [ 139.8163, 134.250874, 121.464918, 114.203953 ] }, { "date": "2023-08-18", "close": 128.016022, "volume": 21667804, "typical_volume": 31048360.6, "trend": 107.09596, "fair_value": 97.890691, "relative_strength": 29.914047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.688144, "energy": 54.05728, "activity_lines": [ 135.934224, 134.39372, 122.93456, 115.646661 ] }, { "date": "2023-08-25", "close": 133.099701, "volume": 13572874, "typical_volume": 31262977.3, "trend": 108.605656, "fair_value": 98.193735, "relative_strength": 32.942785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.449377, "energy": 37.882656, "activity_lines": [ 134.085619, 135.082747, 124.695138, 117.324322 ] }, { "date": "2023-09-01", "close": 147.42688, "volume": 30236692, "typical_volume": 30384812.45, "trend": 110.284823, "fair_value": 98.596871, "relative_strength": 44.056163, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.805263, "energy": 42.331535, "activity_lines": [ 137.351652, 137.855745, 127.63755, 119.828917 ] }, { "date": "2023-09-08", "close": 154.380966, "volume": 25447375, "typical_volume": 29767253.95, "trend": 112.433031, "fair_value": 99.017223, "relative_strength": 49.522927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.774035, "energy": 53.012156, "activity_lines": [ 143.305403, 141.094851, 131.033184, 122.67383 ] }, { "date": "2023-09-15", "close": 165.507553, "volume": 42373428, "typical_volume": 31057908.35, "trend": 114.791913, "fair_value": 99.447806, "relative_strength": 54.784494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.517729, "energy": 66.593454, "activity_lines": [ 152.103846, 145.835596, 135.259512, 126.097992 ] }, { "date": "2023-09-22", "close": 167.825577, "volume": 41221725, "typical_volume": 32251417.0, "trend": 117.181847, "fair_value": 99.834934, "relative_strength": 59.92691, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.596563, "energy": 79.940081, "activity_lines": [ 159.48363, 150.408567, 139.404833, 129.519519 ] }, { "date": "2023-09-29", "close": 167.825577, "volume": 21395275, "typical_volume": 32050448.0, "trend": 119.617996, "fair_value": 100.185961, "relative_strength": 57.174936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.458061, "energy": 84.528321, "activity_lines": [ 164.209444, 154.350159, 143.25275, 132.786857 ] }, { "date": "2023-10-06", "close": 163.189499, "volume": 22440306, "typical_volume": 32676426.1, "trend": 122.02285, "fair_value": 100.482277, "relative_strength": 48.854637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.384305, "energy": 79.071077, "activity_lines": [ 165.07484, 156.909877, 146.30011, 135.597921 ] }, { "date": "2023-10-13", "close": 159.480652, "volume": 9204621, "typical_volume": 32168615.6, "trend": 124.331804, "fair_value": 100.818688, "relative_strength": 41.134834, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.410398, "energy": 57.611521, "activity_lines": [ 163.653113, 158.609491, 148.648495, 138.014554 ] }, { "date": "2023-10-20", "close": 158.089844, "volume": 27515832, "typical_volume": 32397245.45, "trend": 126.551264, "fair_value": 101.121191, "relative_strength": 40.79783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.208929, "energy": 48.040509, "activity_lines": [ 161.427804, 159.727827, 150.55834, 140.192492 ] }, { "date": "2023-10-27", "close": 155.308197, "volume": 20081556, "typical_volume": 32622288.35, "trend": 128.813567, "fair_value": 101.366986, "relative_strength": 39.251173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.208619, "energy": 35.696375, "activity_lines": [ 158.769793, 159.87764, 151.934616, 142.047778 ] }, { "date": "2023-11-03", "close": 129.80983, "volume": 49029578, "typical_volume": 34317820.9, "trend": 129.982525, "fair_value": 101.452107, "relative_strength": 13.122012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.028349, "energy": 15.940719, "activity_lines": [ 148.446818, 154.895164, 150.65348, 142.112053 ] }, { "date": "2023-11-10", "close": 147.42688, "volume": 36263111, "typical_volume": 35939094.45, "trend": 131.446021, "fair_value": 101.664043, "relative_strength": 25.987707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.413649, "energy": 21.573487, "activity_lines": [ 146.530577, 153.175605, 150.929381, 143.237495 ] }, { "date": "2023-11-17", "close": 156.235397, "volume": 46110626, "typical_volume": 35499914.15, "trend": 133.110704, "fair_value": 101.943551, "relative_strength": 28.063241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.546221, "energy": 21.879178, "activity_lines": [ 148.601349, 153.057594, 151.835117, 144.83681 ] }, { "date": "2023-11-24", "close": 160.871475, "volume": 23231739, "typical_volume": 32938028.25, "trend": 135.068569, "fair_value": 102.247223, "relative_strength": 29.772298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.625634, "energy": 21.257047, "activity_lines": [ 152.433831, 153.748789, 153.037002, 146.627827 ] }, { "date": "2023-12-01", "close": 154.844604, "volume": 13184515, "typical_volume": 29917249.2, "trend": 136.717703, "fair_value": 102.517816, "relative_strength": 22.565644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.359819, "energy": 22.815434, "activity_lines": [ 154.071913, 153.428482, 153.532654, 147.9037 ] }, { "date": "2023-12-08", "close": 169.2164, "volume": 38936367, "typical_volume": 29444872.4, "trend": 139.277238, "fair_value": 102.916635, "relative_strength": 32.8588, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.802589, "energy": 43.045306, "activity_lines": [ 160.531501, 155.957247, 155.2935, 150.00039 ] }, { "date": "2023-12-15", "close": 159.480652, "volume": 53830825, "typical_volume": 29519906.1, "trend": 141.573868, "fair_value": 103.2225, "relative_strength": 22.052404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.901977, "energy": 41.213273, "activity_lines": [ 161.118735, 156.690587, 155.979357, 151.303836 ] }, { "date": "2023-12-22", "close": 159.017059, "volume": 36070576, "typical_volume": 30053315.2, "trend": 143.700995, "fair_value": 103.553162, "relative_strength": 21.142347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.341264, "energy": 37.409856, "activity_lines": [ 160.747852, 157.407072, 156.590068, 152.429204 ] }, { "date": "2023-12-29", "close": 161.798691, "volume": 16025144, "typical_volume": 29391998.45, "trend": 145.705172, "fair_value": 103.923871, "relative_strength": 19.954265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.568106, "energy": 37.780025, "activity_lines": [ 161.118737, 158.637737, 157.381895, 153.596797 ] }, { "date": "2024-01-05", "close": 170.143616, "volume": 17264040, "typical_volume": 29171810.25, "trend": 147.802653, "fair_value": 104.392504, "relative_strength": 27.82438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.453832, "energy": 35.62653, "activity_lines": [ 164.209448, 161.318228, 158.829613, 155.173471 ] }, { "date": "2024-01-12", "close": 175.243286, "volume": 35637983, "typical_volume": 30275065.7, "trend": 150.162552, "fair_value": 104.89105, "relative_strength": 30.307332, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.552848, "energy": 44.089694, "activity_lines": [ 167.980116, 164.656196, 160.562407, 156.943834 ] }, { "date": "2024-01-19", "close": 177.097702, "volume": 50012224, "typical_volume": 31263842.3, "trend": 152.615076, "fair_value": 105.432029, "relative_strength": 29.040865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.70053, "energy": 55.213898, "activity_lines": [ 171.96713, 167.505268, 162.271128, 158.681586 ] }, { "date": "2024-01-26", "close": 203.523285, "volume": 39403196, "typical_volume": 31961633.35, "trend": 155.20901, "fair_value": 106.131295, "relative_strength": 43.777844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.068057, "energy": 78.218811, "activity_lines": [ 183.588201, 174.619522, 166.355281, 161.965986 ] }, { "date": "2024-02-02", "close": 200.741623, "volume": 21134962, "typical_volume": 30899710.05, "trend": 157.463741, "fair_value": 106.859938, "relative_strength": 39.632146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.417602, "energy": 83.909533, "activity_lines": [ 191.31497, 180.368239, 169.940504, 164.903574 ] }, { "date": "2024-02-09", "close": 203.059677, "volume": 3058722, "typical_volume": 28991559.9, "trend": 159.79574, "fair_value": 107.578448, "relative_strength": 39.130242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.612153, "energy": 87.514633, "activity_lines": [ 197.218228, 185.813509, 173.578712, 167.845248 ] }, { "date": "2024-02-16", "close": 229.948868, "volume": 18700916, "typical_volume": 28856841.95, "trend": 162.85459, "fair_value": 108.494317, "relative_strength": 50.980014, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.883142, "energy": 95.800539, "activity_lines": [ 209.890146, 195.271085, 179.610014, 172.371256 ] }, { "date": "2024-02-23", "close": 234.584915, "volume": 29417754, "typical_volume": 29205714.35, "trend": 165.575013, "fair_value": 109.423243, "relative_strength": 49.540118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.049318, "energy": 93.384453, "activity_lines": [ 220.460374, 204.467353, 185.787019, 176.999019 ] }, { "date": "2024-03-01", "close": 241.075409, "volume": 24908252, "typical_volume": 29990895.9, "trend": 168.896913, "fair_value": 110.349343, "relative_strength": 50.969574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.224018, "energy": 91.944626, "activity_lines": [ 229.361619, 213.478177, 192.242188, 181.870012 ] }, { "date": "2024-03-08", "close": 221.140335, "volume": 29686937, "typical_volume": 30099451.15, "trend": 171.847006, "fair_value": 111.13377, "relative_strength": 30.953657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.354816, "energy": 75.688699, "activity_lines": [ 229.114365, 217.372473, 196.410232, 185.240555 ] }, { "date": "2024-03-15", "close": 208.622955, "volume": 29039470, "typical_volume": 30547346.85, "trend": 174.533904, "fair_value": 111.849065, "relative_strength": 22.868363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.932129, "energy": 57.589281, "activity_lines": [ 223.334736, 217.911943, 199.085904, 187.613197 ] }, { "date": "2024-03-22", "close": 204.914093, "volume": 46064956, "typical_volume": 30399115.75, "trend": 176.927717, "fair_value": 112.540586, "relative_strength": 16.29145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.560567, "energy": 39.938732, "activity_lines": [ 215.947935, 217.07745, 201.154472, 189.573209 ] }, { "date": "2024-03-29", "close": 202.596054, "volume": 38125989, "typical_volume": 30492259.65, "trend": 178.766689, "fair_value": 113.220024, "relative_strength": 13.481425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.819824, "energy": 23.838445, "activity_lines": [ 209.457439, 215.282026, 202.644635, 191.229231 ] }, { "date": "2024-04-05", "close": 200.27803, "volume": 12286524, "typical_volume": 28801054.55, "trend": 180.296591, "fair_value": 113.917926, "relative_strength": 11.007018, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.342525, "energy": 24.246155, "activity_lines": [ 204.326859, 212.601537, 203.651323, 192.61706 ] }, { "date": "2024-04-12", "close": 191.469498, "volume": 36755126, "typical_volume": 29477223.9, "trend": 181.161989, "fair_value": 114.556586, "relative_strength": 3.469551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.120189, "energy": 21.286685, "activity_lines": [ 198.979928, 208.378501, 203.609376, 193.337892 ] }, { "date": "2024-04-19", "close": 196.569168, "volume": 39531770, "typical_volume": 30794586.65, "trend": 182.120109, "fair_value": 115.216828, "relative_strength": 12.019162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.885275, "energy": 19.55968, "activity_lines": [ 197.310942, 205.251261, 203.907408, 194.331904 ] }, { "date": "2024-04-26", "close": 197.032791, "volume": 32745576, "typical_volume": 30485047.1, "trend": 183.093683, "fair_value": 115.84672, "relative_strength": 8.222315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.402497, "energy": 14.464691, "activity_lines": [ 196.600082, 202.326327, 204.050905, 195.294012 ] }, { "date": "2024-05-03", "close": 213.259018, "volume": 21484565, "typical_volume": 28867734.1, "trend": 184.762667, "fair_value": 116.591733, "relative_strength": 15.010165, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.496464, "energy": 13.789357, "activity_lines": [ 201.823386, 202.950089, 205.607299, 197.240163 ] }, { "date": "2024-05-10", "close": 208.159363, "volume": 44807574, "typical_volume": 29304584.0, "trend": 186.38529, "fair_value": 117.281841, "relative_strength": 9.265894, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.094378, "energy": 16.429501, "activity_lines": [ 204.63594, 203.034385, 206.421924, 198.749627 ] }, { "date": "2024-05-17", "close": 234.121307, "volume": 81262509, "typical_volume": 32566452.25, "trend": 188.919673, "fair_value": 118.135595, "relative_strength": 18.376825, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.101026, "energy": 35.991411, "activity_lines": [ 215.577053, 208.437508, 209.475104, 201.82937 ] }, { "date": "2024-05-24", "close": 277.700348, "volume": 75745843, "typical_volume": 35490542.4, "trend": 192.999411, "fair_value": 119.327016, "relative_strength": 36.408814, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.336797, "energy": 76.037777, "activity_lines": [ 238.201059, 221.528075, 216.334275, 207.557156 ] }, { "date": "2024-05-31", "close": 266.110168, "volume": 46065205, "typical_volume": 36011903.5, "trend": 197.542756, "fair_value": 120.45525, "relative_strength": 31.395113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.379565, "energy": 78.437096, "activity_lines": [ 251.552926, 231.255385, 221.577445, 212.273979 ] }, { "date": "2024-06-07", "close": 300.880646, "volume": 47890089, "typical_volume": 35905796.75, "trend": 202.657881, "fair_value": 121.795264, "relative_strength": 41.799299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.715716, "energy": 89.587048, "activity_lines": [ 271.889795, 246.191943, 229.699389, 218.94094 ] }, { "date": "2024-06-14", "close": 329.160645, "volume": 54105686, "typical_volume": 36640921.25, "trend": 208.422056, "fair_value": 123.261021, "relative_strength": 48.152159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.240074, "energy": 95.395838, "activity_lines": [ 295.811888, 264.483327, 239.925224, 227.102408 ] }, { "date": "2024-06-21", "close": 317.106873, "volume": 42542318, "typical_volume": 37711289.05, "trend": 213.629903, "fair_value": 124.602302, "relative_strength": 36.111519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.289771, "energy": 90.238908, "activity_lines": [ 307.649304, 278.239796, 248.404807, 234.114332 ] }, { "date": "2024-06-28", "close": 280.018341, "volume": 46875190, "typical_volume": 39902112.45, "trend": 217.802361, "fair_value": 125.661406, "relative_strength": 20.255111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.842838, "energy": 80.12707, "activity_lines": [ 301.591506, 282.968579, 252.79803, 238.397457 ] }, { "date": "2024-07-05", "close": 273.527893, "volume": 35759170, "typical_volume": 40755025.15, "trend": 221.27941, "fair_value": 126.684458, "relative_strength": 14.066681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.522684, "energy": 55.552452, "activity_lines": [ 293.215692, 285.000023, 256.206644, 241.992653 ] }, { "date": "2024-07-12", "close": 254.520004, "volume": 39628051, "typical_volume": 41265540.0, "trend": 224.447389, "fair_value": 127.574557, "relative_strength": 3.963257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.522655, "energy": 34.956916, "activity_lines": [ 278.0094, 282.184667, 257.597464, 244.137207 ] }, { "date": "2024-07-19", "close": 235.975739, "volume": 39355908, "typical_volume": 41987922.8, "trend": 227.012678, "fair_value": 128.370775, "relative_strength": 0.388395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.364676, "energy": 24.879112, "activity_lines": [ 259.712396, 275.247427, 257.127235, 244.880972 ] }, { "date": "2024-07-26", "close": 214.186218, "volume": 19531014, "typical_volume": 41480126.65, "trend": 228.758929, "fair_value": 129.032871, "relative_strength": -5.938842, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.580951, "energy": 22.426435, "activity_lines": [ 240.364546, 263.842704, 254.606097, 244.053458 ] }, { "date": "2024-08-02", "close": 197.960007, "volume": 36828596, "typical_volume": 41869582.95, "trend": 229.686142, "fair_value": 129.599283, "relative_strength": -11.256468, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.371552, "energy": 39.726848, "activity_lines": [ 222.469335, 249.850217, 250.572721, 242.066431 ] }, { "date": "2024-08-09", "close": 178.488525, "volume": 38823114, "typical_volume": 41507490.85, "trend": 229.794317, "fair_value": 130.068647, "relative_strength": -19.403884, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.324752, "energy": 49.693469, "activity_lines": [ 203.554186, 233.767284, 244.735694, 238.763359 ] }, { "date": "2024-08-16", "close": 190.542297, "volume": 35771080, "typical_volume": 41389745.4, "trend": 230.24247, "fair_value": 130.643048, "relative_strength": -17.459455, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.606557, "energy": 62.191909, "activity_lines": [ 194.992919, 221.469068, 240.172481, 236.23097 ] }, { "date": "2024-08-23", "close": 199.816788, "volume": 35585511, "typical_volume": 42554694.75, "trend": 230.11892, "fair_value": 131.279677, "relative_strength": -12.84752, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.701684, "energy": 64.083708, "activity_lines": [ 193.788329, 212.863274, 236.549952, 234.268023 ] }, { "date": "2024-08-30", "close": 223.324646, "volume": 75766471, "typical_volume": 44505262.0, "trend": 230.871687, "fair_value": 132.108653, "relative_strength": -3.286243, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.507032, "energy": 45.643817, "activity_lines": [ 202.830289, 210.883342, 235.168463, 233.829683 ] }, { "date": "2024-09-06", "close": 205.928833, "volume": 40639734, "typical_volume": 44560660.2, "trend": 230.967326, "fair_value": 132.801124, "relative_strength": -7.404891, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.619631, "energy": 29.316056, "activity_lines": [ 205.464415, 207.445667, 231.978538, 232.220466 ] }, { "date": "2024-09-13", "close": 196.995834, "volume": 22963908, "typical_volume": 44071576.8, "trend": 229.868891, "fair_value": 133.444834, "relative_strength": -12.624487, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.360267, "energy": 25.037118, "activity_lines": [ 204.589621, 203.730893, 227.893282, 230.028757 ] }, { "date": "2024-09-20", "close": 227.085892, "volume": 48401780, "typical_volume": 45417437.55, "trend": 229.618924, "fair_value": 134.275724, "relative_strength": -1.091717, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.842502, "energy": 12.447675, "activity_lines": [ 212.511025, 206.878529, 226.673922, 229.849209 ] }, { "date": "2024-09-27", "close": 219.093231, "volume": 46424861, "typical_volume": 45498301.9, "trend": 228.886185, "fair_value": 135.089614, "relative_strength": -7.232583, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.918322, "energy": 12.217638, "activity_lines": [ 215.331969, 209.071757, 224.627514, 229.170132 ] }, { "date": "2024-10-04", "close": 209.690094, "volume": 21122411, "typical_volume": 42491297.0, "trend": 228.50451, "fair_value": 135.848933, "relative_strength": -9.063175, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.485009, "energy": 20.899506, "activity_lines": [ 213.733438, 209.862279, 221.633502, 227.931675 ] }, { "date": "2024-10-11", "close": 200.757095, "volume": 19618724, "typical_volume": 39684941.05, "trend": 228.242315, "fair_value": 136.491077, "relative_strength": -15.097722, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.017114, "energy": 23.244426, "activity_lines": [ 210.066211, 209.110366, 217.905069, 226.141519 ] }, { "date": "2024-10-18", "close": 219.093231, "volume": 51082635, "typical_volume": 39935812.55, "trend": 228.714953, "fair_value": 137.205115, "relative_strength": -9.605054, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.100707, "energy": 20.921858, "activity_lines": [ 212.855811, 211.64144, 216.28933, 225.551255 ] }, { "date": "2024-10-25", "close": 201.697418, "volume": 34817093, "typical_volume": 39282162.75, "trend": 228.684998, "fair_value": 137.867552, "relative_strength": -16.133266, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.425803, "energy": 31.218748, "activity_lines": [ 208.373648, 210.271372, 213.240737, 223.808189 ] }, { "date": "2024-11-01", "close": 196.525696, "volume": 16637710, "typical_volume": 37408763.95, "trend": 228.55992, "fair_value": 138.525367, "relative_strength": -16.364063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.233615, "energy": 36.004799, "activity_lines": [ 203.860142, 207.75817, 210.1719, 221.733395 ] }, { "date": "2024-11-08", "close": 176.308929, "volume": 34555673, "typical_volume": 37009431.7, "trend": 228.054568, "fair_value": 139.010792, "relative_strength": -27.249435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.502656, "energy": 59.132607, "activity_lines": [ 194.112216, 201.62903, 205.809252, 218.362363 ] }, { "date": "2024-11-15", "close": 173.958145, "volume": 31602666, "typical_volume": 36245805.5, "trend": 227.300867, "fair_value": 139.495414, "relative_strength": -25.460191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.934732, "energy": 71.816506, "activity_lines": [ 185.806106, 195.927306, 201.893187, 214.872271 ] }, { "date": "2024-11-22", "close": 169.72673, "volume": 14750448, "typical_volume": 35195369.4, "trend": 226.390665, "fair_value": 139.950058, "relative_strength": -27.528854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.615577, "energy": 75.828514, "activity_lines": [ 177.876122, 190.03752, 198.079178, 211.157811 ] }, { "date": "2024-11-29", "close": 164.554993, "volume": 12788360, "typical_volume": 33853384.85, "trend": 224.767198, "fair_value": 140.368697, "relative_strength": -27.508599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.363167, "energy": 81.409726, "activity_lines": [ 171.513325, 183.703219, 194.266913, 207.168413 ] }, { "date": "2024-12-06", "close": 168.316254, "volume": 15193623, "typical_volume": 32645270.6, "trend": 223.439094, "fair_value": 140.820005, "relative_strength": -28.493254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.376477, "energy": 78.274433, "activity_lines": [ 168.880443, 179.18971, 191.241269, 203.526416 ] }, { "date": "2024-12-13", "close": 168.316254, "volume": 10256399, "typical_volume": 32181539.85, "trend": 221.245592, "fair_value": 141.26846, "relative_strength": -27.72207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.743733, "energy": 71.589421, "activity_lines": [ 168.128191, 175.599418, 188.537813, 199.970104 ] }, { "date": "2024-12-20", "close": 163.144531, "volume": 29506078, "typical_volume": 31815413.95, "trend": 217.427065, "fair_value": 141.695175, "relative_strength": -28.110419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.020545, "energy": 70.033212, "activity_lines": [ 166.184877, 171.821065, 185.56024, 196.221649 ] }, { "date": "2024-12-27", "close": 150.450287, "volume": 18475347, "typical_volume": 30798025.6, "trend": 213.571736, "fair_value": 141.99487, "relative_strength": -35.56971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.264485, "energy": 67.180885, "activity_lines": [ 160.731055, 166.418532, 181.53948, 191.900566 ] }, { "date": "2025-01-03", "close": 151.860748, "volume": 9078067, "typical_volume": 29463374.95, "trend": 208.604406, "fair_value": 142.337842, "relative_strength": -33.529933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.589367, "energy": 65.058853, "activity_lines": [ 157.032483, 162.5205, 177.786565, 187.919212 ] }, { "date": "2025-01-10", "close": 146.689026, "volume": 12345058, "typical_volume": 28301352.3, "trend": 202.522018, "fair_value": 142.647661, "relative_strength": -35.631747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.235646, "energy": 73.87617, "activity_lines": [ 152.456287, 158.588276, 173.725302, 183.924671 ] }, { "date": "2025-01-17", "close": 144.808395, "volume": 13213448, "typical_volume": 25173701.15, "trend": 196.778736, "fair_value": 142.91119, "relative_strength": -36.366268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.544639, "energy": 77.279729, "activity_lines": [ 148.695029, 155.220241, 169.737922, 180.201212 ] }, { "date": "2025-01-24", "close": 150.920456, "volume": 3557795, "typical_volume": 23319604.2, "trend": 192.475473, "fair_value": 143.222458, "relative_strength": -34.113275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.046457, "energy": 71.928637, "activity_lines": [ 148.538315, 153.536226, 166.706529, 177.242613 ] }, { "date": "2025-02-07", "close": 152.330917, "volume": 6427146, "typical_volume": 22492766.1, "trend": 188.435574, "fair_value": 143.56559, "relative_strength": -32.74939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.523685, "energy": 57.189997, "activity_lines": [ 149.666693, 152.527526, 164.07141, 174.652642 ] }, { "date": "2025-02-14", "close": 161.734055, "volume": 11151801, "typical_volume": 20630267.15, "trend": 185.342709, "fair_value": 143.997528, "relative_strength": -26.977274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.210921, "energy": 45.108484, "activity_lines": [ 153.804075, 153.544775, 162.544519, 172.929963 ] }, { "date": "2025-02-21", "close": 168.316254, "volume": 12255120, "typical_volume": 18921780.1, "trend": 183.087393, "fair_value": 144.440278, "relative_strength": -25.062111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.584614, "energy": 28.997506, "activity_lines": [ 159.477303, 155.810077, 161.955702, 171.831482 ] }, { "date": "2025-02-28", "close": 175.838776, "volume": 21329456, "typical_volume": 18932132.35, "trend": 181.809145, "fair_value": 144.931249, "relative_strength": -18.621407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.375077, "energy": 23.188345, "activity_lines": [ 166.216223, 159.44311, 162.325112, 171.36383 ] }, { "date": "2025-03-07", "close": 183.831451, "volume": 24354764, "typical_volume": 19168934.35, "trend": 181.338193, "fair_value": 145.490572, "relative_strength": -12.298768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.825194, "energy": 26.088636, "activity_lines": [ 173.550677, 164.392584, 163.616925, 171.494301 ] }, { "date": "2025-03-14", "close": 175.838776, "volume": 25815982, "typical_volume": 17905601.7, "trend": 181.249868, "fair_value": 145.97869, "relative_strength": -13.219788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.240474, "energy": 24.934116, "activity_lines": [ 176.026838, 167.512719, 164.22813, 171.1395 ] }, { "date": "2025-03-21", "close": 173.487991, "volume": 11350723, "typical_volume": 16732283.2, "trend": 180.681391, "fair_value": 146.483121, "relative_strength": -14.814095, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.735509, "energy": 22.978415, "activity_lines": [ 176.152215, 169.743829, 164.821424, 170.638734 ] }, { "date": "2025-03-28", "close": 164.084854, "volume": 6642878, "typical_volume": 16232541.6, "trend": 179.490326, "fair_value": 146.913011, "relative_strength": -16.727728, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.232608, "energy": 16.961583, "activity_lines": [ 172.359616, 169.872055, 164.653512, 169.567989 ] }, { "date": "2025-04-04", "close": 169.256577, "volume": 11784693, "typical_volume": 15093992.6, "trend": 177.688057, "fair_value": 147.318994, "relative_strength": -12.498775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.535844, "energy": 11.923282, "activity_lines": [ 170.573018, 170.624307, 165.132625, 168.907747 ] }, { "date": "2025-04-11", "close": 142.457611, "volume": 16263639, "typical_volume": 14327041.25, "trend": 175.57235, "fair_value": 147.57316, "relative_strength": -19.243651, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.167226, "energy": 33.045603, "activity_lines": [ 160.292246, 166.059507, 163.093038, 166.634815 ] }, { "date": "2025-04-18", "close": 165.965469, "volume": 27459938, "typical_volume": 14962515.75, "trend": 174.538005, "fair_value": 147.972311, "relative_strength": -5.132173, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.179851, "energy": 25.810328, "activity_lines": [ 160.605681, 165.922733, 163.442297, 166.015017 ] }, { "date": "2025-04-25", "close": 163.144531, "volume": 22473241, "typical_volume": 15446759.8, "trend": 172.406626, "fair_value": 148.273498, "relative_strength": -8.624561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.403151, "energy": 23.338073, "activity_lines": [ 160.637025, 165.02516, 163.540806, 165.279954 ] }, { "date": "2025-05-02", "close": 165.025162, "volume": 8391223, "typical_volume": 15106639.8, "trend": 170.604357, "fair_value": 148.598151, "relative_strength": -11.287179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.991471, "energy": 20.958204, "activity_lines": [ 161.984809, 164.443875, 163.82514, 164.80373 ] }, { "date": "2025-05-09", "close": 170.196899, "volume": 19856499, "typical_volume": 15586644.8, "trend": 169.287917, "fair_value": 148.961663, "relative_strength": -8.602307, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.107715, "energy": 4.666179, "activity_lines": [ 164.993819, 164.862744, 164.617691, 164.777443 ] }, { "date": "2025-05-16", "close": 167.375946, "volume": 14278647, "typical_volume": 14825273.25, "trend": 168.175212, "fair_value": 149.352738, "relative_strength": -13.49198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.673111, "energy": 7.91886, "activity_lines": [ 166.999823, 164.871292, 165.132625, 164.65409 ] }, { "date": "2025-05-23", "close": 167.375946, "volume": 14279296, "typical_volume": 14615470.7, "trend": 166.451303, "fair_value": 149.763784, "relative_strength": -12.100565, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.160475, "energy": 7.614126, "activity_lines": [ 167.344604, 165.179031, 165.62741, 164.602524 ] }, { "date": "2025-05-30", "close": 169.256577, "volume": 25539571, "typical_volume": 15438545.9, "trend": 165.369941, "fair_value": 150.178326, "relative_strength": -8.85696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.562366, "energy": 11.190257, "activity_lines": [ 168.222231, 165.982573, 166.220704, 164.78351 ] }, { "date": "2025-06-06", "close": 203.578033, "volume": 68520020, "typical_volume": 18247294.0, "trend": 165.605019, "fair_value": 150.838554, "relative_strength": 8.801139, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 78.560727, "energy": 62.086401, "activity_lines": [ 180.132873, 173.103314, 169.99987, 167.248548 ] }, { "date": "2025-06-13", "close": 222.384338, "volume": 68757421, "typical_volume": 21024492.65, "trend": 167.140866, "fair_value": 151.622188, "relative_strength": 17.598141, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.950544, "energy": 80.325267, "activity_lines": [ 195.742093, 182.925325, 175.299214, 170.91173 ] }, { "date": "2025-06-20", "close": 213.45134, "volume": 35293603, "typical_volume": 22611283.05, "trend": 168.457306, "fair_value": 152.342853, "relative_strength": 14.281916, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.74147, "energy": 82.197876, "activity_lines": [ 204.894483, 190.157196, 179.378386, 173.899502 ] }, { "date": "2025-06-27", "close": 228.496384, "volume": 47485325, "typical_volume": 24664192.0, "trend": 170.416294, "fair_value": 153.231284, "relative_strength": 20.403396, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.092023, "energy": 88.666878, "activity_lines": [ 215.990196, 198.833734, 184.592653, 177.772991 ] }, { "date": "2025-07-04", "close": 207.339294, "volume": 48925705, "typical_volume": 26552887.2, "trend": 171.842438, "fair_value": 153.947005, "relative_strength": 10.159392, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.209084, "energy": 80.302738, "activity_lines": [ 215.958849, 202.526603, 187.429267, 180.15512 ] }, { "date": "2025-07-11", "close": 192.764435, "volume": 38553175, "typical_volume": 27867789.95, "trend": 172.657377, "fair_value": 154.560738, "relative_strength": 2.238839, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.507971, "energy": 60.494996, "activity_lines": [ 208.530368, 202.765956, 188.660632, 181.504926 ] }, { "date": "2025-07-18", "close": 188.062851, "volume": 15383991, "typical_volume": 27570516.7, "trend": 173.315597, "fair_value": 155.167156, "relative_strength": -2.362253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.283112, "energy": 36.644897, "activity_lines": [ 200.255599, 201.646125, 189.327806, 182.498828 ] }, { "date": "2025-07-25", "close": 180.07019, "volume": 17671239, "typical_volume": 27236340.45, "trend": 173.879786, "fair_value": 155.782821, "relative_strength": -5.862905, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.586559, "energy": 25.203989, "activity_lines": [ 191.604709, 198.748248, 189.175565, 182.934608 ] }, { "date": "2025-08-01", "close": 181.950827, "volume": 9013090, "typical_volume": 26396195.85, "trend": 174.929804, "fair_value": 156.390001, "relative_strength": -4.734458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.071026, "energy": 26.86604, "activity_lines": [ 185.806107, 195.961501, 189.220343, 183.45532 ] }, { "date": "2025-08-08", "close": 183.077927, "volume": 10570323, "typical_volume": 26357175.85, "trend": 175.970376, "fair_value": 156.981582, "relative_strength": -6.148049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.046186, "energy": 24.017124, "activity_lines": [ 183.486243, 193.114682, 189.343358, 183.981006 ] }, { "date": "2025-08-15", "close": 174.428574, "volume": 23370646, "typical_volume": 27193564.25, "trend": 176.895028, "fair_value": 157.535406, "relative_strength": -11.492786, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.539832, "energy": 17.605274, "activity_lines": [ 179.900686, 188.443957, 188.59696, 183.881535 ] }, { "date": "2025-08-22", "close": 188.844147, "volume": 17578133, "typical_volume": 27483236.25, "trend": 178.362886, "fair_value": 158.175362, "relative_strength": -1.74466, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.845476, "energy": 13.187426, "activity_lines": [ 182.34271, 186.924236, 189.174217, 184.652446 ] }, { "date": "2025-08-29", "close": 176.350647, "volume": 17153580, "typical_volume": 27527733.3, "trend": 179.210559, "fair_value": 158.81226, "relative_strength": -9.645457, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.236976, "energy": 10.7896, "activity_lines": [ 180.568148, 183.74279, 188.468343, 184.522624 ] }, { "date": "2025-09-05", "close": 167.220779, "volume": 9929298, "typical_volume": 26651201.3, "trend": 179.706888, "fair_value": 159.392916, "relative_strength": -14.584769, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.403713, "energy": 28.874301, "activity_lines": [ 175.998267, 179.575927, 186.731562, 183.74909 ] }, { "date": "2025-09-12", "close": 163.857147, "volume": 6045007, "typical_volume": 25829789.6, "trend": 179.777658, "fair_value": 159.960568, "relative_strength": -18.903384, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.668762, "energy": 43.794992, "activity_lines": [ 171.289177, 175.911596, 184.668458, 182.726526 ] }, { "date": "2025-09-19", "close": 166.259735, "volume": 6976224, "typical_volume": 25759039.65, "trend": 179.709107, "fair_value": 160.55161, "relative_strength": -17.537489, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.988575, "energy": 49.615297, "activity_lines": [ 168.662336, 173.474684, 182.830778, 181.854402 ] }, { "date": "2025-09-26", "close": 165.298706, "volume": 11274050, "typical_volume": 25329917.2, "trend": 179.357771, "fair_value": 161.143909, "relative_strength": -17.256139, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.923858, "energy": 54.18888, "activity_lines": [ 166.259741, 171.344943, 180.895693, 180.924698 ] }, { "date": "2025-10-03", "close": 161.935059, "volume": 5504133, "typical_volume": 24891191.5, "trend": 178.627892, "fair_value": 161.764833, "relative_strength": -21.833341, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.295065, "energy": 55.521716, "activity_lines": [ 164.305626, 169.017523, 178.663585, 179.800652 ] }, { "date": "2025-10-10", "close": 161.454544, "volume": 4486552, "typical_volume": 24401554.3, "trend": 178.148417, "fair_value": 162.427707, "relative_strength": -22.94144, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.121937, "energy": 51.674261, "activity_lines": [ 163.152379, 166.932466, 176.411623, 178.692694 ] }, { "date": "2025-10-17", "close": 159.051941, "volume": 7162906, "typical_volume": 23482721.05, "trend": 177.667216, "fair_value": 163.056219, "relative_strength": -23.525897, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.60207, "energy": 60.772799, "activity_lines": [ 161.58268, 164.783233, 173.959039, 177.460664 ] }, { "date": "2025-10-24", "close": 149.922073, "volume": 5776106, "typical_volume": 20345525.35, "trend": 177.195123, "fair_value": 163.629761, "relative_strength": -27.809922, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.794662, "energy": 72.480852, "activity_lines": [ 157.290039, 161.410859, 170.685537, 175.670654 ] }, { "date": "2025-10-31", "close": 147.519485, "volume": 7302040, "typical_volume": 17272756.3, "trend": 176.470553, "fair_value": 164.139317, "relative_strength": -30.122575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.817171, "energy": 77.179306, "activity_lines": [ 153.285712, 158.047224, 167.438721, 173.756097 ] }, { "date": "2025-11-07", "close": 143.675323, "volume": 5253204, "typical_volume": 15770736.35, "trend": 176.511144, "fair_value": 164.581571, "relative_strength": -29.892545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.41407, "energy": 81.57211, "activity_lines": [ 149.18528, 154.736008, 164.182294, 171.640276 ] }, { "date": "2025-11-14", "close": 132.142853, "volume": 8184991, "typical_volume": 13805719.65, "trend": 175.383723, "fair_value": 164.963527, "relative_strength": -34.46966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.913446, "energy": 92.558003, "activity_lines": [ 142.458007, 149.922076, 160.159804, 168.777805 ] }, { "date": "2025-11-21", "close": 129.740265, "volume": 11349711, "typical_volume": 11926919.95, "trend": 174.270248, "fair_value": 165.330081, "relative_strength": -32.837377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.209965, "energy": 92.076968, "activity_lines": [ 136.883983, 145.30909, 156.367322, 165.833066 ] }, { "date": "2025-11-28", "close": 135.02597, "volume": 4915506, "typical_volume": 10245036.5, "trend": 173.270274, "fair_value": 165.724593, "relative_strength": -32.668892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.074573, "energy": 87.270494, "activity_lines": [ 135.025973, 142.277448, 153.447759, 163.301177 ] }, { "date": "2025-12-05", "close": 134.545456, "volume": 3136802, "typical_volume": 9632677.05, "trend": 172.081893, "fair_value": 166.110099, "relative_strength": -33.301861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.670414, "energy": 86.108794, "activity_lines": [ 134.000866, 139.726327, 150.757379, 160.802802 ] }, { "date": "2025-12-12", "close": 133.103897, "volume": 2584175, "typical_volume": 8878323.85, "trend": 170.939491, "fair_value": 166.43778, "relative_strength": -34.078486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.738402, "energy": 78.462296, "activity_lines": [ 133.360173, 137.472255, 148.184552, 158.288093 ] }, { "date": "2025-12-19", "close": 131.662338, "volume": 3463630, "typical_volume": 8600850.85, "trend": 169.749038, "fair_value": 166.757405, "relative_strength": -33.152113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.332577, "energy": 64.401677, "activity_lines": [ 132.943723, 135.480283, 145.698082, 155.754083 ] }, { "date": "2025-12-26", "close": 133.103897, "volume": 2319714, "typical_volume": 8188320.4, "trend": 168.543948, "fair_value": 167.09101, "relative_strength": -33.992998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.19801, "energy": 61.695822, "activity_lines": [ 133.039827, 134.29209, 143.588373, 153.38988 ] }, { "date": "2026-01-02", "close": 139.831161, "volume": 4150989, "typical_volume": 7227337.55, "trend": 166.419053, "fair_value": 167.46063, "relative_strength": -32.218636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.714428, "energy": 50.515599, "activity_lines": [ 135.15411, 134.798818, 142.357327, 151.537442 ] }, { "date": "2026-01-09", "close": 127.337662, "volume": 7776583, "typical_volume": 6737260.05, "trend": 163.25083, "fair_value": 167.75194, "relative_strength": -39.7891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.140887, "energy": 55.897589, "activity_lines": [ 132.783548, 133.217472, 140.101174, 149.016062 ] }, { "date": "2026-01-16", "close": 143.194809, "volume": 9795252, "typical_volume": 6369343.65, "trend": 160.908946, "fair_value": 168.137788, "relative_strength": -34.376878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.206754, "energy": 36.312055, "activity_lines": [ 136.179221, 134.886186, 139.648113, 147.722125 ] }, { "date": "2026-01-23", "close": 133.584412, "volume": 7596136, "typical_volume": 6252685.55, "trend": 157.745213, "fair_value": 168.450774, "relative_strength": -39.492226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.492229, "energy": 33.616785, "activity_lines": [ 135.6987, 134.816292, 138.437661, 145.959252 ] }, { "date": "2026-01-30", "close": 130.701294, "volume": 9287556, "typical_volume": 6414813.0, "trend": 155.190613, "fair_value": 168.725726, "relative_strength": -40.60013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.379355, "energy": 40.669344, "activity_lines": [ 134.129002, 134.195984, 137.1128, 144.214483 ] }, { "date": "2026-02-06", "close": 120.61039, "volume": 7912474, "typical_volume": 6461625.5, "trend": 152.785479, "fair_value": 168.876742, "relative_strength": -44.281276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.440678, "energy": 48.834718, "activity_lines": [ 129.355843, 131.723493, 134.984786, 141.983501 ] }, { "date": "2026-02-13", "close": 121.090904, "volume": 3139958, "typical_volume": 6054920.9, "trend": 150.55308, "fair_value": 169.076461, "relative_strength": -46.5834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.291895, "energy": 64.851322, "activity_lines": [ 126.02424, 129.60047, 133.119912, 139.93869 ] }, { "date": "2026-02-27", "close": 122.532463, "volume": 5708302, "typical_volume": 6065129.35, "trend": 148.635156, "fair_value": 169.254611, "relative_strength": -48.171405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.328492, "energy": 73.717137, "activity_lines": [ 123.589607, 127.984177, 131.602843, 138.130908 ] }, { "date": "2026-03-06", "close": 118.688309, "volume": 8137902, "typical_volume": 6247696.85, "trend": 146.526406, "fair_value": 169.399231, "relative_strength": -46.453936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.397163, "energy": 76.832727, "activity_lines": [ 121.251079, 125.861154, 129.907296, 136.198853 ] }, { "date": "2026-03-13", "close": 122.532463, "volume": 7992551, "typical_volume": 6289179.1, "trend": 144.508223, "fair_value": 169.577381, "relative_strength": -43.655049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.24538, "energy": 54.571188, "activity_lines": [ 121.187009, 124.67296, 128.781507, 134.650857 ] }, { "date": "2026-03-20", "close": 122.051949, "volume": 4198319, "typical_volume": 6210289.75, "trend": 142.762336, "fair_value": 169.77615, "relative_strength": -43.386191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.895525, "energy": 45.044141, "activity_lines": [ 121.507357, 123.589608, 127.783857, 133.202065 ] }, { "date": "2026-03-27", "close": 114.844154, "volume": 6210932, "typical_volume": 6155734.35, "trend": 140.295669, "fair_value": 169.934049, "relative_strength": -45.325136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.938453, "energy": 48.554802, "activity_lines": [ 119.329002, 121.519006, 126.232466, 131.400892 ] }, { "date": "2026-04-03", "close": 98.987015, "volume": 9380921, "typical_volume": 6362120.2, "trend": 137.716882, "fair_value": 169.982004, "relative_strength": -51.421851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.59798, "energy": 59.077299, "activity_lines": [ 112.281385, 116.792442, 123.326467, 128.735817 ] }, { "date": "2026-04-10", "close": 102.831169, "volume": 6390701, "typical_volume": 6272405.7, "trend": 135.570561, "fair_value": 170.080671, "relative_strength": -52.858663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.828965, "energy": 70.1553, "activity_lines": [ 108.084849, 113.568594, 120.99938, 126.485126 ] }, { "date": "2026-04-17", "close": 101.870125, "volume": 8264956, "typical_volume": 6118167.95, "trend": 133.504327, "fair_value": 170.126369, "relative_strength": -54.414221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.175856, "energy": 81.642972, "activity_lines": [ 104.625107, 110.72916, 118.720344, 124.310905 ] }, { "date": "2026-04-24", "close": 98.987015, "volume": 8632450, "typical_volume": 6304015.15, "trend": 131.261903, "fair_value": 170.097299, "relative_strength": -57.312419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.10768, "energy": 85.544764, "activity_lines": [ 101.581818, 107.889727, 116.299442, 122.083981 ] }, { "date": "2026-05-01", "close": 97.064934, "volume": 4363222, "typical_volume": 6365336.15, "trend": 128.987444, "fair_value": 170.038133, "relative_strength": -57.34795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.991672, "energy": 85.117352, "activity_lines": [ 99.435497, 105.093978, 113.867098, 119.877725 ] }, { "date": "2026-05-08", "close": 98.987015, "volume": 7959219, "typical_volume": 6634088.35, "trend": 126.889176, "fair_value": 170.01795, "relative_strength": -58.544363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.851513, "energy": 77.747116, "activity_lines": [ 99.115152, 103.084533, 111.796288, 117.942214 ] }, { "date": "2026-05-15", "close": 100.428574, "volume": 12162179, "typical_volume": 7069015.8, "trend": 124.854977, "fair_value": 169.98627, "relative_strength": -56.672491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.18782, "energy": 58.526965, "activity_lines": [ 99.275326, 101.76529, 110.025231, 116.235078 ] }, { "date": "2026-05-22", "close": 97.545456, "volume": 9409960, "typical_volume": 7423528.1, "trend": 122.804761, "fair_value": 170.019059, "relative_strength": -58.243401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.521919, "energy": 54.948819, "activity_lines": [ 98.634634, 100.253838, 108.128324, 114.473173 ] }, { "date": "2026-05-29", "close": 99.467529, "volume": 13530147, "typical_volume": 7892486.0, "trend": 121.122943, "fair_value": 170.07602, "relative_strength": -58.980964, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.554296, "energy": 48.187168, "activity_lines": [ 98.922944, 99.546163, 106.583796, 112.967546 ] }, { "date": "2026-06-05", "close": 116.285713, "volume": 33480144, "typical_volume": 9177664.05, "trend": 120.081817, "fair_value": 170.211164, "relative_strength": -51.48444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.347041, "energy": 24.282286, "activity_lines": [ 104.785281, 102.306966, 106.833209, 112.655466 ] }, { "date": "2026-06-12", "close": 108.116882, "volume": 18399166, "typical_volume": 9607859.75, "trend": 118.896536, "fair_value": 170.252468, "relative_strength": -52.784742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.69956, "energy": 20.498084, "activity_lines": [ 106.643289, 103.556316, 106.357266, 111.883535 ] }, { "date": "2026-06-19", "close": 110.519478, "volume": 10866816, "typical_volume": 9771393.75, "trend": 118.175757, "fair_value": 170.273624, "relative_strength": -52.77228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.918477, "energy": 22.31793, "activity_lines": [ 108.693505, 105.076505, 106.277179, 111.34308 ] }, { "date": "2026-06-26", "close": 107.63636, "volume": 14153335, "typical_volume": 10014682.7, "trend": 117.43896, "fair_value": 170.294073, "relative_strength": -50.681824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.710923, "energy": 22.58494, "activity_lines": [ 109.109954, 105.932702, 106.032343, 110.663118 ] }, { "date": "2026-07-03", "close": 115.324677, "volume": 13829510, "typical_volume": 10310534.5, "trend": 116.78225, "fair_value": 170.369731, "relative_strength": -48.093757, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.68499, "energy": 12.81498, "activity_lines": [ 111.416449, 108.081935, 106.62956, 110.526713 ] }, { "date": "2026-07-10", "close": 112.441559, "volume": 0, "typical_volume": 10153536.6, "trend": 116.045453, "fair_value": 170.284707, "relative_strength": -46.340904, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.923856, "energy": 14.598063, "activity_lines": [ 111.704761, 109.409917, 106.977365, 110.246669 ] }, { "date": "2026-07-17", "close": 106.675323, "volume": 10161877, "typical_volume": 10376215.35, "trend": 115.164501, "fair_value": 170.11532, "relative_strength": -44.511915, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.848032, "energy": 11.657722, "activity_lines": [ 110.327272, 109.409916, 106.817192, 109.642144 ] }, { "date": "2026-07-24", "close": 110.5, "volume": 7333585, "typical_volume": 10335999.5, "trend": 114.45909, "fair_value": 169.97045, "relative_strength": -42.463931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.033691, "energy": 10.533956, "activity_lines": [ 110.320779, 109.965525, 107.096784, 109.341208 ] }, { "date": "2026-07-31", "close": 104.5, "volume": 9793122, "typical_volume": 10426028.05, "trend": 113.505626, "fair_value": 169.754531, "relative_strength": -43.610481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.989843, "energy": 15.875008, "activity_lines": [ 108.315584, 109.247107, 106.843939, 108.698687 ] }, { "date": "2026-08-07", "close": 113.5, "volume": 8129224, "typical_volume": 10622573.3, "trend": 112.627921, "fair_value": 169.501504, "relative_strength": -38.863889, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.082284, "energy": 9.07701, "activity_lines": [ 109.51948, 110.038606, 107.534106, 108.698324 ] }, { "date": "2026-08-14", "close": 103.0, "volume": 12315834, "typical_volume": 10927818.4, "trend": 111.816666, "fair_value": 169.255232, "relative_strength": -45.087646, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.938822, "energy": 18.084965, "activity_lines": [ 107.345022, 108.665879, 107.264996, 108.077167 ] } ], "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." } } }