{ "ticker": { "uuid": "9155d31c-89b9-4fbb-b2ea-a53657506b9f", "symbol": "1623", "name": "TA TUN ELECTRIC WIRE CABLE CO L", "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": "2026-08-21", "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": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -57.024, "architecture_energy": 54.057, "architecture_maturity": 28.166, "architecture_confidence": 79.705, "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": 30.29, "rotation_up": 9.52, "upward_expansion": 17.6, "deceleration": 44.16, "rotation_down": 67.12, "downward_expansion": 81.27 }, "activity_lines": [ 207.5, 211.663636, 217.121429, 215.873419 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 201.0, "trend_reference": 217.786666, "distance_from_trend": -0.077078, "trend_direction": "Weakening", "fair_value": 212.625688, "distance_from_fair_value": -0.054677, "fair_value_direction": "Weakening", "relative_strength": -34.525422, "relative_strength_direction": "Weakening", "price_momentum": 0.021341, "excess_performance": -0.324391, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.077078, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.039295, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.054677, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.113323, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.345254, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026438, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.021341, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.846905, "read": "Supply-led" } ], "volume": { "latest": 454069, "relative_activity": 0.425871, "balance": 0.846905, "dry_up": 0.484106, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.076923, "annualized_volatility": 0.484732, "from_high_reference": -0.384191, "from_low_reference": 0.151862 }, "levels": { "trend_reference": 217.786666, "fair_value_reference": 212.625688, "structural_low": 174.5, "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": 2, "median_return": -0.000449, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001427, "regime_survival": 1.0, "best_return": 0.078571, "worst_return": -0.07947, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-06", "tenure": "Developing", "return": -0.109409, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": 0.012511, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-08", "tenure": "Developing", "return": 0.385915, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "violet", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.002179, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-08-21", "tenure": "Developing", "return": -0.042857, "active": true } ], "chart_path": [ { "date": "2024-05-31", "close": 198.260635, "volume": 1032138, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 211.230957, "volume": 677498, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 199.650314, "volume": 378117, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 190.385803, "volume": 221353, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 190.385803, "volume": 297020, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 197.334183, "volume": 487018, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 239.024506, "volume": 1013192, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 229.759995, "volume": 504324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 226.51741, "volume": 105801, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 210.767731, "volume": 274037, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 201.966446, "volume": 302676, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 205.209015, "volume": 156239, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 204.745789, "volume": 99246, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 217.716125, "volume": 220146, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 218.179352, "volume": 203369, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 225.127731, "volume": 226005, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 232.539337, "volume": 132003, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 232.539337, "volume": 114546, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 232.076111, "volume": 47939, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 219.569031, "volume": 97471, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 223.274841, "volume": 107163, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 226.054184, "volume": 19197, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 222.348373, "volume": 53621, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 226.054184, "volume": 61231, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 221.885147, "volume": 57059, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 225.127731, "volume": 55717, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 231.612885, "volume": 252304, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 219.569031, "volume": 146397, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 217.716125, "volume": 67607, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 205.672241, "volume": 233001, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 213.083862, "volume": 192386, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 213.083862, "volume": 331720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 201.966446, "volume": 98842, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 202.429672, "volume": 87524, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 195.481277, "volume": 157616, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 197.797409, "volume": 108445, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 203.356125, "volume": 117372, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 204.745789, "volume": 220628, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 207.525162, "volume": 63470, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 176.025803, "volume": 738200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 177.878693, "volume": 527391, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 176.489029, "volume": 104389, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 186.216766, "volume": 252367, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 181.584503, "volume": 90219, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 163.981934, "volume": 368094, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 167.687729, "volume": 90779, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 173.759995, "volume": 78234, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 174.23999, "volume": 47229, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 172.800003, "volume": 31473, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 170.399994, "volume": 74246, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 190.559998, "volume": 187476, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 188.639999, "volume": 17760, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 192.0, "volume": 55540, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 198.720001, "volume": 272472, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 204.0, "volume": 224622, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 205.440002, "volume": 93371, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 208.319992, "volume": 90129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 206.399994, "volume": 120388, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 206.399994, "volume": 48289, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 206.399994, "volume": 47938, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 205.919998, "volume": 58494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 205.919998, "volume": 42111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 203.519989, "volume": 43500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 204.0, "volume": 29032, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 223.679993, "volume": 190071, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 224.639999, "volume": 77616, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 220.799988, "volume": 76193, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 217.440002, "volume": 37397, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 220.319992, "volume": 43884, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 223.199997, "volume": 104523, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 218.87999, "volume": 26280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 219.839996, "volume": 29070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 219.839996, "volume": 10675, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 214.080002, "volume": 160919, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 220.319992, "volume": 160210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 217.919998, "volume": 53322, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 220.799988, "volume": 243968, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 228.479996, "volume": 184375, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 225.599991, "volume": 101751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 219.360001, "volume": 108531, "typical_volume": 89096.1, "trend": 212.047996, "fair_value": 207.803428, "relative_strength": -9.222519, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.815906, "energy": 43.73272, "activity_lines": [ 222.943995, 221.471995, 220.203424, 217.22735 ] }, { "date": "2025-12-19", "close": 227.519989, "volume": 222676, "typical_volume": 97305.2, "trend": 213.279996, "fair_value": 208.046843, "relative_strength": -3.872173, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.649013, "energy": 54.710261, "activity_lines": [ 224.639993, 222.746176, 221.135995, 218.225543 ] }, { "date": "2025-12-26", "close": 276.47998, "volume": 865293, "typical_volume": 138464.3, "trend": 216.207995, "fair_value": 208.881393, "relative_strength": 13.158093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.441592, "energy": 90.060538, "activity_lines": [ 242.015989, 232.765082, 226.628565, 222.302962 ] }, { "date": "2026-01-02", "close": 265.919983, "volume": 858391, "typical_volume": 179208.85, "trend": 218.671995, "fair_value": 209.568605, "relative_strength": 5.914995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.063749, "energy": 91.831458, "activity_lines": [ 252.159986, 239.834171, 230.779421, 225.510187 ] }, { "date": "2026-01-09", "close": 259.199982, "volume": 470890, "typical_volume": 201301.75, "trend": 220.687994, "fair_value": 210.159455, "relative_strength": 0.204999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.7224, "energy": 88.655232, "activity_lines": [ 257.567984, 244.843624, 233.993134, 228.124896 ] }, { "date": "2026-01-16", "close": 264.959991, "volume": 884510, "typical_volume": 236023.7, "trend": 222.719994, "fair_value": 210.804167, "relative_strength": -1.14412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.926755, "energy": 89.343488, "activity_lines": [ 262.655985, 250.079988, 237.492562, 230.981153 ] }, { "date": "2026-01-23", "close": 326.399994, "volume": 6275199, "typical_volume": 545902.85, "trend": 226.751993, "fair_value": 212.148305, "relative_strength": 19.278269, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.2613, "energy": 95.48868, "activity_lines": [ 285.183988, 265.675625, 246.646848, 237.670186 ] }, { "date": "2026-01-30", "close": 236.159988, "volume": 6564297, "typical_volume": 870308.05, "trend": 227.679993, "fair_value": 212.424301, "relative_strength": -13.791051, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.588886, "energy": 49.873372, "activity_lines": [ 271.039989, 262.891625, 246.722276, 238.277153 ] }, { "date": "2026-02-06", "close": 214.559998, "volume": 1864014, "typical_volume": 961638.9, "trend": 227.951993, "fair_value": 212.44857, "relative_strength": -20.685108, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.913388, "energy": 21.401895, "activity_lines": [ 252.383993, 255.901081, 244.66742, 237.430702 ] }, { "date": "2026-02-13", "close": 196.800003, "volume": 935822, "typical_volume": 1006235.8, "trend": 227.631994, "fair_value": 212.272744, "relative_strength": -30.738229, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 0.840452, "energy": 12.316918, "activity_lines": [ 231.231997, 245.934538, 240.934849, 235.420896 ] }, { "date": "2026-02-27", "close": 223.679993, "volume": 1975559, "typical_volume": 1099787.6, "trend": 228.207994, "fair_value": 212.399491, "relative_strength": -24.903875, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -4.5025, "energy": 25.792353, "activity_lines": [ 223.199996, 241.378902, 239.874278, 235.165928 ] }, { "date": "2026-03-06", "close": 195.360001, "volume": 1503701, "typical_volume": 1173658.65, "trend": 227.855994, "fair_value": 212.212244, "relative_strength": -30.361303, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -30.644143, "energy": 38.071114, "activity_lines": [ 208.479998, 231.595631, 236.114279, 233.046703 ] }, { "date": "2026-03-13", "close": 188.639999, "volume": 934448, "typical_volume": 1218927.55, "trend": 227.279994, "fair_value": 211.956024, "relative_strength": -32.019148, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.904468, "energy": 50.678634, "activity_lines": [ 200.255999, 221.175269, 231.826279, 230.516639 ] }, { "date": "2026-03-20", "close": 192.0, "volume": 1023249, "typical_volume": 1269556.25, "trend": 226.895994, "fair_value": 211.741443, "relative_strength": -30.723842, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.135182, "energy": 53.275255, "activity_lines": [ 196.319999, 212.962906, 228.006851, 228.24051 ] }, { "date": "2026-03-27", "close": 191.0, "volume": 565595, "typical_volume": 1289790.05, "trend": 226.462661, "fair_value": 211.520789, "relative_strength": -29.831248, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.523942, "energy": 61.750718, "activity_lines": [ 193.554666, 205.912726, 224.224757, 225.924639 ] }, { "date": "2026-04-03", "close": 177.5, "volume": 483507, "typical_volume": 1305954.9, "trend": 224.923328, "fair_value": 211.162676, "relative_strength": -33.214066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.128563, "energy": 64.76378, "activity_lines": [ 186.676, 197.647999, 219.266853, 222.765758 ] }, { "date": "2026-04-10", "close": 181.5, "volume": 366152, "typical_volume": 1321596.4, "trend": 223.485328, "fair_value": 210.853689, "relative_strength": -36.687863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.447547, "energy": 61.74673, "activity_lines": [ 184.209333, 191.700727, 214.893806, 219.964253 ] }, { "date": "2026-04-17", "close": 209.5, "volume": 1071990, "typical_volume": 1362997.5, "trend": 223.108661, "fair_value": 210.839734, "relative_strength": -29.218938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.847289, "energy": 39.870492, "activity_lines": [ 192.0, 193.478909, 213.360854, 219.061974 ] }, { "date": "2026-04-24", "close": 240.0, "volume": 4885395, "typical_volume": 1598048.5, "trend": 223.860661, "fair_value": 211.137288, "relative_strength": -22.88892, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.29289, "energy": 14.737571, "activity_lines": [ 208.566667, 201.287273, 214.786473, 220.151738 ] }, { "date": "2026-05-01", "close": 239.0, "volume": 557292, "typical_volume": 1620825.55, "trend": 224.483328, "fair_value": 211.418729, "relative_strength": -22.714738, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.654074, "energy": 18.671323, "activity_lines": [ 221.6, 208.451273, 216.061998, 221.128469 ] }, { "date": "2026-05-08", "close": 246.0, "volume": 843117, "typical_volume": 1657554.85, "trend": 225.243328, "fair_value": 211.764542, "relative_strength": -25.12279, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 17.890756, "energy": 32.910266, "activity_lines": [ 233.766667, 216.120727, 217.940379, 222.516642 ] }, { "date": "2026-05-15", "close": 229.5, "volume": 1589279, "typical_volume": 1725885.0, "trend": 225.597329, "fair_value": 211.94014, "relative_strength": -28.947715, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.926298, "energy": 32.936582, "activity_lines": [ 235.866667, 220.384364, 218.120475, 222.791266 ] }, { "date": "2026-05-22", "close": 224.5, "volume": 634071, "typical_volume": 1714323.9, "trend": 225.752662, "fair_value": 212.063276, "relative_strength": -31.881586, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.50076, "energy": 32.882215, "activity_lines": [ 233.1, 223.118182, 217.814951, 222.72047 ] }, { "date": "2026-05-29", "close": 243.5, "volume": 2170671, "typical_volume": 1779937.9, "trend": 226.541329, "fair_value": 212.368487, "relative_strength": -29.604909, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.947589, "energy": 40.071172, "activity_lines": [ 235.666667, 228.654545, 219.566476, 223.86546 ] }, { "date": "2026-06-05", "close": 229.0, "volume": 2150115, "typical_volume": 1863899.15, "trend": 227.038662, "fair_value": 212.528406, "relative_strength": -33.673765, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.605644, "energy": 16.869175, "activity_lines": [ 233.166667, 230.618182, 220.043809, 224.024084 ] }, { "date": "2026-06-12", "close": 210.0, "volume": 1170133, "typical_volume": 1878180.3, "trend": 226.694662, "fair_value": 212.504325, "relative_strength": -37.287871, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.821811, "energy": 9.016964, "activity_lines": [ 225.0, 228.436364, 218.855428, 222.924815 ] }, { "date": "2026-06-19", "close": 220.0, "volume": 492319, "typical_volume": 1589036.3, "trend": 226.763996, "fair_value": 212.575039, "relative_strength": -36.864651, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.320857, "energy": 7.631226, "activity_lines": [ 222.566667, 227.481818, 218.881143, 222.492901 ] }, { "date": "2026-06-26", "close": 210.5, "volume": 625280, "typical_volume": 1292085.45, "trend": 226.420663, "fair_value": 212.555647, "relative_strength": -36.284462, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.5621, "energy": 25.231486, "activity_lines": [ 217.6, 224.1, 218.508762, 221.443611 ] }, { "date": "2026-07-03", "close": 214.0, "volume": 1520456, "typical_volume": 1274907.55, "trend": 225.937996, "fair_value": 212.56902, "relative_strength": -37.550611, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.806531, "energy": 26.018684, "activity_lines": [ 214.733333, 221.336364, 218.591905, 220.642278 ] }, { "date": "2026-07-10", "close": 226.5, "volume": 0, "typical_volume": 1228116.45, "trend": 225.967997, "fair_value": 212.696827, "relative_strength": -31.056316, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.048037, "energy": 15.961041, "activity_lines": [ 218.0, 221.318182, 219.86819, 220.678537 ] }, { "date": "2026-07-17", "close": 217.0, "volume": 491008, "typical_volume": 1153888.9, "trend": 225.88933, "fair_value": 212.735947, "relative_strength": -29.043355, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.7214, "energy": 21.219597, "activity_lines": [ 218.266667, 219.8, 220.098286, 220.099956 ] }, { "date": "2026-07-24", "close": 219.0, "volume": 692346, "typical_volume": 1113321.15, "trend": 225.60533, "fair_value": 212.79238, "relative_strength": -29.279768, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -31.593036, "energy": 13.510005, "activity_lines": [ 218.733333, 219.172727, 220.550667, 219.655483 ] }, { "date": "2026-07-31", "close": 213.5, "volume": 877314, "typical_volume": 1110464.45, "trend": 223.505998, "fair_value": 212.798698, "relative_strength": -29.457779, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.58925, "energy": 15.351626, "activity_lines": [ 217.433333, 217.736364, 220.366667, 218.874494 ] }, { "date": "2026-08-07", "close": 208.5, "volume": 392102, "typical_volume": 1078907.1, "trend": 221.591998, "fair_value": 212.760656, "relative_strength": -32.074939, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.63652, "energy": 31.012446, "activity_lines": [ 214.266667, 215.590909, 219.588095, 217.906365 ] }, { "date": "2026-08-14", "close": 209.0, "volume": 341158, "typical_volume": 1067685.25, "trend": 219.918666, "fair_value": 212.727668, "relative_strength": -33.529382, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.48695, "energy": 40.90615, "activity_lines": [ 211.633333, 214.172727, 218.778571, 217.093978 ] }, { "date": "2026-08-21", "close": 201.0, "volume": 454069, "typical_volume": 1066213.35, "trend": 217.786666, "fair_value": 212.625688, "relative_strength": -34.525422, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.023786, "energy": 54.056681, "activity_lines": [ 207.5, 211.663636, 217.121429, 215.873419 ] } ], "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." } } }