{ "ticker": { "uuid": "92e31fe1-b2a3-45b9-9ea6-a561ac404ae0", "symbol": "UTTAMSUGAR", "name": "Uttam Sugar Mills Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 65.7, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 40.968, "architecture_energy": 16.864, "architecture_maturity": 33.543, "architecture_confidence": 72.443, "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": 46.42, "rotation_up": 37.57, "upward_expansion": 52.28, "deceleration": 62.71, "rotation_down": 23.68, "downward_expansion": 22.95 }, "activity_lines": [ 236.261337, 234.928548, 238.112478, 235.618109 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 252.770004, "trend_reference": 230.281668, "distance_from_trend": 0.097656, "trend_direction": "Weakening", "fair_value": 296.120234, "distance_from_fair_value": -0.146394, "fair_value_direction": "Improving", "relative_strength": 6.654409, "relative_strength_direction": "Improving", "price_momentum": 0.178635, "excess_performance": 0.222344, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.097656, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.010048, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.146394, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.019493, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.066544, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.031305, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.178635, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.496735, "read": "Demand-led" } ], "volume": { "latest": 1640834, "relative_activity": 2.21468, "balance": 1.496735, "dry_up": 0.859358, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.072565, "annualized_volatility": 0.404458, "from_high_reference": -0.146558, "from_low_reference": 0.395748 }, "levels": { "trend_reference": 230.281668, "fair_value_reference": 296.120234, "structural_low": 181.100006, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.038452, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.013758, "regime_survival": 0.533333, "best_return": 0.261268, "worst_return": -0.088715, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.023178, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.042768, "regime_survival": 0.571429, "best_return": 0.412007, "worst_return": -0.283204, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.132263, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.090148, "regime_survival": 0.25, "best_return": 0.61601, "worst_return": -0.243574, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.147146, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.059215, "regime_survival": 0.0, "best_return": 0.414057, "worst_return": -0.119766, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-01-19", "end": "2024-02-23", "tenure": "Developing", "return": -0.033799, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-01", "end": "2024-06-21", "tenure": "Established", "return": 0.045627, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-10-04", "tenure": "Established", "return": 0.110476, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.077874, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.03058, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-04-11", "tenure": "Established", "return": -0.065559, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": 0.094992, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": -0.035823, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": -0.172165, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": 0.089285, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": -0.040284, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-04-10", "tenure": "Extended", "return": -0.068917, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-22", "tenure": "Developing", "return": -0.008612, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.069247, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 339.762726, "volume": 460714, "typical_volume": 1084039.9, "trend": 278.057035, "fair_value": 202.335134, "relative_strength": 18.795808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.812778, "energy": 51.473467, "activity_lines": [ 342.402252, 337.96576, 316.479266, 298.442284 ] }, { "date": "2023-08-25", "close": 352.471466, "volume": 482974, "typical_volume": 1079968.7, "trend": 281.253766, "fair_value": 204.018469, "relative_strength": 22.931145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.833643, "energy": 48.832551, "activity_lines": [ 345.077598, 341.73216, 321.742677, 303.243215 ] }, { "date": "2023-09-01", "close": 369.041718, "volume": 998867, "typical_volume": 1099264.3, "trend": 285.214652, "fair_value": 205.832584, "relative_strength": 26.914035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.26855, "energy": 49.664356, "activity_lines": [ 352.601823, 347.346219, 328.016271, 308.906954 ] }, { "date": "2023-09-08", "close": 415.184143, "volume": 2587776, "typical_volume": 1181098.9, "trend": 290.70873, "fair_value": 207.967045, "relative_strength": 38.86038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.929545, "energy": 67.443792, "activity_lines": [ 374.545555, 360.73837, 338.117145, 317.292083 ] }, { "date": "2023-09-15", "close": 424.28656, "volume": 1575493, "typical_volume": 1233745.85, "trend": 296.468747, "fair_value": 210.137781, "relative_strength": 38.041815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.796169, "energy": 81.783051, "activity_lines": [ 395.600012, 374.230242, 348.378255, 325.910007 ] }, { "date": "2023-09-22", "close": 405.89917, "volume": 717630, "typical_volume": 1245514.2, "trend": 301.865138, "fair_value": 212.247855, "relative_strength": 34.545252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.907404, "energy": 82.439957, "activity_lines": [ 404.183295, 382.421791, 356.160989, 332.970034 ] }, { "date": "2023-09-29", "close": 411.061401, "volume": 1353831, "typical_volume": 1292925.2, "trend": 307.954987, "fair_value": 214.37734, "relative_strength": 35.378896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.61853, "energy": 81.292538, "activity_lines": [ 410.078225, 390.085496, 363.82529, 340.014955 ] }, { "date": "2023-10-06", "close": 404.965057, "volume": 543258, "typical_volume": 1293187.3, "trend": 313.408224, "fair_value": 216.43448, "relative_strength": 32.302201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.386158, "energy": 62.636152, "activity_lines": [ 410.035044, 395.391539, 370.215905, 346.273669 ] }, { "date": "2023-10-13", "close": 416.764465, "volume": 465920, "typical_volume": 1300782.7, "trend": 319.864142, "fair_value": 218.594306, "relative_strength": 34.422918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.353987, "energy": 55.631369, "activity_lines": [ 411.53011, 401.927604, 377.007568, 352.941813 ] }, { "date": "2023-10-20", "close": 446.361298, "volume": 1248086, "typical_volume": 1344772.95, "trend": 327.208862, "fair_value": 220.901883, "relative_strength": 43.88854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.663914, "energy": 60.504026, "activity_lines": [ 422.785433, 412.746157, 385.827445, 361.10292 ] }, { "date": "2023-10-27", "close": 449.311157, "volume": 801735, "typical_volume": 1318256.0, "trend": 334.648651, "fair_value": 223.265056, "relative_strength": 46.760197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.779259, "energy": 60.553577, "activity_lines": [ 433.552392, 421.97004, 394.047302, 368.980488 ] }, { "date": "2023-11-03", "close": 447.541199, "volume": 731451, "typical_volume": 1308633.45, "trend": 341.793189, "fair_value": 225.62621, "relative_strength": 43.049877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.744965, "energy": 60.369108, "activity_lines": [ 440.835234, 428.880323, 401.370706, 376.263878 ] }, { "date": "2023-11-10", "close": 431.464539, "volume": 780926, "typical_volume": 1088913.3, "trend": 347.844611, "fair_value": 227.883687, "relative_strength": 35.057454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.199523, "energy": 55.726127, "activity_lines": [ 440.327202, 431.139036, 406.405138, 382.049126 ] }, { "date": "2023-11-17", "close": 446.951233, "volume": 507164, "typical_volume": 1052875.3, "trend": 353.850141, "fair_value": 230.209347, "relative_strength": 36.388452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.487184, "energy": 52.895774, "activity_lines": [ 443.214769, 435.078551, 412.457102, 388.443102 ] }, { "date": "2023-11-24", "close": 491.297302, "volume": 2322689, "typical_volume": 1138333.65, "trend": 361.174199, "fair_value": 232.766735, "relative_strength": 47.549223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.668975, "energy": 58.899755, "activity_lines": [ 458.871908, 446.503405, 422.173899, 397.310661 ] }, { "date": "2023-12-01", "close": 493.313019, "volume": 1383124, "typical_volume": 1170109.65, "trend": 368.358522, "fair_value": 235.335179, "relative_strength": 43.050847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.942956, "energy": 59.076045, "activity_lines": [ 472.205219, 457.076375, 431.25098, 405.835746 ] }, { "date": "2023-12-08", "close": 387.659302, "volume": 4779819, "typical_volume": 1316520.9, "trend": 372.430015, "fair_value": 237.221691, "relative_strength": 8.093379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.807114, "energy": 34.909836, "activity_lines": [ 447.387166, 446.850236, 429.465481, 407.080957 ] }, { "date": "2023-12-15", "close": 392.968994, "volume": 2427785, "typical_volume": 1300020.9, "trend": 377.089087, "fair_value": 239.11084, "relative_strength": 6.668737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.731231, "energy": 20.109564, "activity_lines": [ 428.331138, 438.014988, 427.969924, 408.406053 ] }, { "date": "2023-12-22", "close": 391.789063, "volume": 1417623, "typical_volume": 1328048.2, "trend": 381.790294, "fair_value": 240.986517, "relative_strength": 6.271915, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.367634, "energy": 17.535986, "activity_lines": [ 411.448169, 429.183318, 426.179389, 409.354438 ] }, { "date": "2023-12-29", "close": 398.819519, "volume": 930321, "typical_volume": 1325859.3, "trend": 386.372287, "fair_value": 242.915035, "relative_strength": 5.94675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.599677, "energy": 23.016336, "activity_lines": [ 400.586163, 422.08401, 424.889583, 410.453098 ] }, { "date": "2024-01-05", "close": 394.493134, "volume": 881797, "typical_volume": 1346913.45, "trend": 389.640213, "fair_value": 244.795299, "relative_strength": 4.587033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.03531, "energy": 21.073919, "activity_lines": [ 394.447215, 415.062483, 422.856009, 410.977024 ] }, { "date": "2024-01-12", "close": 371.041809, "volume": 1077889, "typical_volume": 1376659.2, "trend": 392.395267, "fair_value": 246.542334, "relative_strength": -2.480168, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.424311, "energy": 32.64669, "activity_lines": [ 387.079151, 404.77377, 418.328354, 409.777127 ] }, { "date": "2024-01-19", "close": 369.468536, "volume": 808503, "typical_volume": 1367141.0, "trend": 393.530469, "fair_value": 248.307265, "relative_strength": -1.850516, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.654496, "energy": 44.421295, "activity_lines": [ 380.294495, 395.589905, 413.562433, 408.297983 ] }, { "date": "2024-01-26", "close": 349.557068, "volume": 608762, "typical_volume": 1268190.3, "trend": 394.194215, "fair_value": 249.974405, "relative_strength": -6.152907, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.241888, "energy": 51.386246, "activity_lines": [ 368.43938, 383.912974, 406.898149, 405.460989 ] }, { "date": "2024-02-02", "close": 358.308258, "volume": 1848879, "typical_volume": 1281859.6, "trend": 395.583068, "fair_value": 251.682719, "relative_strength": -6.255727, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.06759, "energy": 50.79666, "activity_lines": [ 362.316795, 375.597971, 401.379822, 403.145766 ] }, { "date": "2024-02-09", "close": 366.371216, "volume": 2043452, "typical_volume": 1348150.7, "trend": 396.953926, "fair_value": 253.46044, "relative_strength": -4.127487, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.372884, "energy": 44.185356, "activity_lines": [ 361.582613, 371.166943, 396.943578, 401.26113 ] }, { "date": "2024-02-16", "close": 348.967072, "volume": 662470, "typical_volume": 1313582.65, "trend": 397.174382, "fair_value": 255.11105, "relative_strength": -9.931076, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.345497, "energy": 44.274343, "activity_lines": [ 356.921845, 365.879558, 391.038025, 398.165204 ] }, { "date": "2024-02-23", "close": 356.980835, "volume": 697900, "typical_volume": 1321314.75, "trend": 397.253003, "fair_value": 256.787227, "relative_strength": -8.785757, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.194917, "energy": 43.707382, "activity_lines": [ 356.40398, 362.752716, 386.191375, 395.572072 ] }, { "date": "2024-03-01", "close": 337.266052, "volume": 471735, "typical_volume": 1321605.5, "trend": 396.61744, "fair_value": 258.299097, "relative_strength": -14.507132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.248347, "energy": 51.375001, "activity_lines": [ 350.147034, 356.695698, 379.695623, 391.701946 ] }, { "date": "2024-03-08", "close": 368.436127, "volume": 1102125, "typical_volume": 1314307.45, "trend": 397.926781, "fair_value": 260.025698, "relative_strength": -7.502282, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.417067, "energy": 50.010745, "activity_lines": [ 355.099514, 357.297293, 376.547013, 389.883797 ] }, { "date": "2024-03-15", "close": 334.070343, "volume": 817084, "typical_volume": 1315074.9, "trend": 397.737035, "fair_value": 261.610663, "relative_strength": -14.536382, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.478669, "energy": 53.250954, "activity_lines": [ 347.921541, 352.20299, 370.496544, 385.764027 ] }, { "date": "2024-03-22", "close": 330.383057, "volume": 484009, "typical_volume": 1302702.8, "trend": 397.000755, "fair_value": 263.16764, "relative_strength": -15.90743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.551354, "energy": 59.482956, "activity_lines": [ 341.667865, 347.536868, 364.64367, 381.418609 ] }, { "date": "2024-03-29", "close": 306.833435, "volume": 591856, "typical_volume": 1293249.3, "trend": 394.927145, "fair_value": 264.566195, "relative_strength": -22.766509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.560707, "energy": 68.336498, "activity_lines": [ 328.803249, 339.328246, 357.105871, 375.601363 ] }, { "date": "2024-04-05", "close": 348.967072, "volume": 543093, "typical_volume": 1295045.75, "trend": 392.71991, "fair_value": 266.169238, "relative_strength": -13.101046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.634589, "energy": 47.221165, "activity_lines": [ 333.326339, 339.919105, 354.174281, 372.636197 ] }, { "date": "2024-04-12", "close": 341.690826, "volume": 395098, "typical_volume": 1198666.2, "trend": 389.966719, "fair_value": 267.721286, "relative_strength": -15.040267, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.387924, "energy": 42.068149, "activity_lines": [ 334.643945, 339.197737, 351.016306, 369.343998 ] }, { "date": "2024-04-19", "close": 326.154968, "volume": 270386, "typical_volume": 1143029.3, "trend": 387.308579, "fair_value": 269.174678, "relative_strength": -17.503055, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.294473, "energy": 41.742701, "activity_lines": [ 332.565952, 335.953804, 347.091138, 365.227111 ] }, { "date": "2024-04-26", "close": 339.42926, "volume": 865921, "typical_volume": 947334.4, "trend": 384.92084, "fair_value": 270.532217, "relative_strength": -15.200427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.051039, "energy": 30.192193, "activity_lines": [ 335.440415, 335.854582, 345.226178, 362.138122 ] }, { "date": "2024-05-03", "close": 347.787201, "volume": 1074607, "typical_volume": 879675.5, "trend": 383.014912, "fair_value": 271.871515, "relative_strength": -13.337832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.514885, "energy": 23.892189, "activity_lines": [ 340.497778, 337.448401, 344.38688, 359.742404 ] }, { "date": "2024-05-10", "close": 318.682007, "volume": 353787, "typical_volume": 826483.7, "trend": 379.745497, "fair_value": 273.008386, "relative_strength": -19.071578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.443371, "energy": 34.683272, "activity_lines": [ 333.123159, 333.917523, 340.99081, 355.591894 ] }, { "date": "2024-05-17", "close": 325.958252, "volume": 219344, "typical_volume": 790934.85, "trend": 375.732062, "fair_value": 274.188168, "relative_strength": -18.790201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.494375, "energy": 32.508944, "activity_lines": [ 330.192959, 332.047491, 338.635845, 352.121749 ] }, { "date": "2024-05-24", "close": 320.845184, "volume": 135168, "typical_volume": 753603.4, "trend": 371.449863, "fair_value": 275.355383, "relative_strength": -21.809174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.726247, "energy": 36.909021, "activity_lines": [ 326.607241, 330.020135, 336.140879, 348.58066 ] }, { "date": "2024-05-31", "close": 303.146118, "volume": 232210, "typical_volume": 711319.45, "trend": 366.636693, "fair_value": 276.402302, "relative_strength": -24.671912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.234799, "energy": 57.09318, "activity_lines": [ 317.47582, 325.015224, 332.310992, 344.173967 ] }, { "date": "2024-06-07", "close": 320.894379, "volume": 689901, "typical_volume": 705389.35, "trend": 362.951021, "fair_value": 277.376453, "relative_strength": -22.679355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.410671, "energy": 43.30612, "activity_lines": [ 316.679362, 323.732487, 330.494728, 341.22285 ] }, { "date": "2024-06-14", "close": 365.830383, "volume": 2419645, "typical_volume": 795933.5, "trend": 360.246993, "fair_value": 278.692751, "relative_strength": -12.53655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.002523, "energy": 13.716493, "activity_lines": [ 332.654427, 330.364279, 333.18939, 341.408615 ] }, { "date": "2024-06-21", "close": 352.654388, "volume": 1584075, "typical_volume": 782693.3, "trend": 355.625563, "fair_value": 279.603117, "relative_strength": -15.543999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.050777, "energy": 10.759106, "activity_lines": [ 341.094269, 334.29383, 334.551703, 340.918769 ] }, { "date": "2024-06-28", "close": 339.232605, "volume": 744018, "typical_volume": 717721.6, "trend": 350.489549, "fair_value": 280.079548, "relative_strength": -20.218868, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.583548, "energy": 15.497396, "activity_lines": [ 343.28044, 335.58372, 334.662674, 339.861159 ] }, { "date": "2024-07-05", "close": 343.264069, "volume": 746478, "typical_volume": 721922.0, "trend": 349.009708, "fair_value": 280.722661, "relative_strength": -20.113724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.317304, "energy": 17.975662, "activity_lines": [ 345.584605, 337.368827, 335.286826, 339.394999 ] }, { "date": "2024-07-12", "close": 338.495148, "volume": 1101008, "typical_volume": 742077.4, "trend": 347.193913, "fair_value": 281.557185, "relative_strength": -21.556923, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.323917, "energy": 11.414977, "activity_lines": [ 343.624599, 338.217134, 335.483951, 338.716641 ] }, { "date": "2024-07-19", "close": 322.025146, "volume": 429083, "typical_volume": 739944.8, "trend": 344.868449, "fair_value": 282.260328, "relative_strength": -25.116791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.2099, "energy": 16.27704, "activity_lines": [ 335.001208, 336.239842, 334.200532, 337.092849 ] }, { "date": "2024-07-26", "close": 322.615112, "volume": 582490, "typical_volume": 713963.05, "trend": 342.328302, "fair_value": 282.926836, "relative_strength": -25.484129, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.584621, "energy": 21.095293, "activity_lines": [ 329.494822, 334.309032, 333.045877, 335.65715 ] }, { "date": "2024-08-02", "close": 321.681, "volume": 770460, "typical_volume": 711631.85, "trend": 339.901231, "fair_value": 283.690575, "relative_strength": -24.913432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.564936, "energy": 26.228083, "activity_lines": [ 325.679683, 332.269168, 332.020453, 334.325066 ] }, { "date": "2024-08-09", "close": 314.503052, "volume": 474348, "typical_volume": 711148.8, "trend": 338.016606, "fair_value": 284.476078, "relative_strength": -25.198953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.059539, "energy": 42.217177, "activity_lines": [ 320.642002, 328.909025, 330.370412, 332.686474 ] }, { "date": "2024-08-16", "close": 315.240509, "volume": 517667, "typical_volume": 707439.35, "trend": 336.209005, "fair_value": 285.316674, "relative_strength": -25.157897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.428405, "energy": 48.270185, "activity_lines": [ 317.767542, 325.476477, 328.866224, 331.217048 ] }, { "date": "2024-08-23", "close": 331.268005, "volume": 972404, "typical_volume": 728904.9, "trend": 335.599369, "fair_value": 286.216484, "relative_strength": -21.812573, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.32654, "energy": 30.90403, "activity_lines": [ 321.785889, 325.060815, 328.848431, 330.898274 ] }, { "date": "2024-08-30", "close": 345.08313, "volume": 2490913, "typical_volume": 833695.65, "trend": 335.158532, "fair_value": 287.237497, "relative_strength": -19.401439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.767922, "energy": 9.694245, "activity_lines": [ 329.793087, 327.785402, 330.230645, 331.51013 ] }, { "date": "2024-09-06", "close": 328.219818, "volume": 597268, "typical_volume": 850039.75, "trend": 333.886818, "fair_value": 288.172797, "relative_strength": -21.467284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.365898, "energy": 12.980204, "activity_lines": [ 330.681313, 327.581591, 329.990676, 331.062471 ] }, { "date": "2024-09-13", "close": 336.938599, "volume": 482206, "typical_volume": 830854.0, "trend": 333.485869, "fair_value": 289.170515, "relative_strength": -20.280542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.082027, "energy": 8.779104, "activity_lines": [ 334.039878, 329.163246, 330.571234, 331.25936 ] }, { "date": "2024-09-20", "close": 350.063507, "volume": 1169201, "typical_volume": 835583.7, "trend": 333.255292, "fair_value": 290.245838, "relative_strength": -17.901876, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.097555, "energy": 22.830207, "activity_lines": [ 340.27771, 333.246256, 332.413644, 332.328885 ] }, { "date": "2024-09-27", "close": 357.987976, "volume": 1843146, "typical_volume": 910051.65, "trend": 333.946023, "fair_value": 291.394655, "relative_strength": -16.583591, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.702144, "energy": 41.40546, "activity_lines": [ 346.835498, 338.559745, 334.999925, 333.924542 ] }, { "date": "2024-10-04", "close": 376.709534, "volume": 2300545, "typical_volume": 1014111.7, "trend": 334.221803, "fair_value": 292.629283, "relative_strength": -7.533829, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.137527, "energy": 66.168433, "activity_lines": [ 357.852474, 346.623283, 339.182041, 336.683478 ] }, { "date": "2024-10-11", "close": 360.612976, "volume": 1057343, "typical_volume": 1060220.45, "trend": 335.106557, "fair_value": 293.756065, "relative_strength": -10.603773, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.486279, "energy": 59.994117, "activity_lines": [ 361.395504, 350.77664, 341.589479, 338.386134 ] }, { "date": "2024-10-18", "close": 332.53064, "volume": 699445, "typical_volume": 1083582.2, "trend": 335.178143, "fair_value": 294.751331, "relative_strength": -16.25697, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.87938, "energy": 38.681839, "activity_lines": [ 353.418211, 349.116264, 341.133037, 338.219946 ] }, { "date": "2024-10-25", "close": 298.009644, "volume": 501157, "typical_volume": 1074145.0, "trend": 334.884017, "fair_value": 295.601791, "relative_strength": -21.800686, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.067235, "energy": 7.652342, "activity_lines": [ 334.227783, 340.851568, 337.248956, 335.821978 ] }, { "date": "2024-11-01", "close": 320.643921, "volume": 323128, "typical_volume": 969319.15, "trend": 333.939912, "fair_value": 296.553816, "relative_strength": -15.246641, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.73344, "energy": 15.004009, "activity_lines": [ 326.052372, 337.015484, 335.629495, 334.903263 ] }, { "date": "2024-11-08", "close": 315.938782, "volume": 308266, "typical_volume": 905528.7, "trend": 333.08151, "fair_value": 297.448632, "relative_strength": -14.991671, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.28972, "energy": 26.189863, "activity_lines": [ 318.798185, 332.517086, 333.777099, 333.741899 ] }, { "date": "2024-11-15", "close": 288.896515, "volume": 161274, "typical_volume": 876391.5, "trend": 331.839562, "fair_value": 298.227928, "relative_strength": -19.187104, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.745902, "energy": 60.142495, "activity_lines": [ 306.581293, 323.631808, 329.524085, 330.891254 ] }, { "date": "2024-11-22", "close": 274.236237, "volume": 258950, "typical_volume": 852015.1, "trend": 329.666461, "fair_value": 298.955219, "relative_strength": -23.191907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.282448, "energy": 73.304118, "activity_lines": [ 294.258738, 312.795995, 324.11455, 327.174911 ] }, { "date": "2024-11-29", "close": 292.957794, "volume": 329660, "typical_volume": 813447.7, "trend": 327.838814, "fair_value": 299.814333, "relative_strength": -17.412152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.16362, "energy": 68.094871, "activity_lines": [ 292.062997, 306.504144, 320.816725, 324.80661 ] }, { "date": "2024-12-06", "close": 292.809235, "volume": 260126, "typical_volume": 804999.85, "trend": 326.976389, "fair_value": 300.556841, "relative_strength": -18.577387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.383444, "energy": 67.569329, "activity_lines": [ 290.154525, 301.223569, 317.721595, 322.546637 ] }, { "date": "2024-12-13", "close": 284.488525, "volume": 310426, "typical_volume": 791396.65, "trend": 325.594064, "fair_value": 301.288604, "relative_strength": -20.463477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.394781, "energy": 62.88197, "activity_lines": [ 287.328129, 295.615205, 313.973141, 319.805484 ] }, { "date": "2024-12-20", "close": 263.290558, "volume": 446833, "typical_volume": 775215.3, "trend": 323.675577, "fair_value": 301.928009, "relative_strength": -21.957871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.138608, "energy": 62.193612, "activity_lines": [ 279.532428, 287.82941, 308.387387, 315.785903 ] }, { "date": "2024-12-27", "close": 256.604279, "volume": 156134, "typical_volume": 759304.6, "trend": 322.124182, "fair_value": 302.449626, "relative_strength": -23.885908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.146694, "energy": 71.736049, "activity_lines": [ 271.215031, 280.597427, 302.442895, 311.458723 ] }, { "date": "2025-01-03", "close": 259.130219, "volume": 207323, "typical_volume": 743787.4, "trend": 320.065377, "fair_value": 302.761411, "relative_strength": -22.977713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.224379, "energy": 75.168278, "activity_lines": [ 264.915078, 275.205185, 297.014677, 307.394596 ] }, { "date": "2025-01-10", "close": 240.260071, "volume": 193696, "typical_volume": 704852.0, "trend": 315.8797, "fair_value": 302.877307, "relative_strength": -26.161327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.2568, "energy": 86.817143, "activity_lines": [ 254.580247, 267.088906, 290.056493, 302.245867 ] }, { "date": "2025-01-17", "close": 227.036102, "volume": 575185, "typical_volume": 609065.6, "trend": 311.692424, "fair_value": 303.002636, "relative_strength": -28.81905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.59825, "energy": 91.983609, "activity_lines": [ 243.340704, 258.029794, 282.272256, 296.514022 ] }, { "date": "2025-01-24", "close": 215.644669, "volume": 429353, "typical_volume": 600669.85, "trend": 307.572826, "fair_value": 303.093183, "relative_strength": -31.390551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.470167, "energy": 93.018462, "activity_lines": [ 232.134179, 248.515924, 273.965248, 290.317392 ] }, { "date": "2025-01-31", "close": 220.300293, "volume": 299093, "typical_volume": 591514.2, "trend": 303.474033, "fair_value": 303.093878, "relative_strength": -30.460052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.226349, "energy": 89.642013, "activity_lines": [ 225.655921, 241.180383, 266.637706, 284.686906 ] }, { "date": "2025-02-07", "close": 211.246597, "volume": 258921, "typical_volume": 546000.2, "trend": 299.232415, "fair_value": 303.088146, "relative_strength": -32.709725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.29343, "energy": 89.325365, "activity_lines": [ 218.580029, 233.179369, 259.003327, 278.736749 ] }, { "date": "2025-02-14", "close": 190.127884, "volume": 355692, "typical_volume": 471627.5, "trend": 294.835839, "fair_value": 303.019166, "relative_strength": -37.086286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.922131, "energy": 91.859273, "activity_lines": [ 207.656808, 222.824247, 250.018675, 271.697747 ] }, { "date": "2025-02-21", "close": 206.105606, "volume": 292419, "typical_volume": 371221.2, "trend": 290.952189, "fair_value": 303.134375, "relative_strength": -30.689347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.574327, "energy": 72.493645, "activity_lines": [ 205.401641, 217.241099, 243.355045, 265.973216 ] }, { "date": "2025-02-28", "close": 184.293488, "volume": 158698, "typical_volume": 326288.95, "trend": 286.372605, "fair_value": 303.067168, "relative_strength": -35.50077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.185837, "energy": 75.263808, "activity_lines": [ 197.271134, 209.117255, 235.42647, 259.09201 ] }, { "date": "2025-03-07", "close": 194.892471, "volume": 518537, "typical_volume": 317243.55, "trend": 282.385586, "fair_value": 302.862089, "relative_strength": -32.305178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.809125, "energy": 65.361506, "activity_lines": [ 194.763699, 204.35681, 229.346938, 253.190065 ] }, { "date": "2025-03-14", "close": 184.759048, "volume": 385430, "typical_volume": 311457.2, "trend": 278.036204, "fair_value": 302.558474, "relative_strength": -34.699278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.338979, "energy": 66.123746, "activity_lines": [ 190.572312, 198.875957, 222.957739, 246.891579 ] }, { "date": "2025-03-21", "close": 256.901459, "volume": 3088782, "typical_volume": 449739.9, "trend": 275.557319, "fair_value": 302.816798, "relative_strength": -12.381194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.764632, "energy": 36.878618, "activity_lines": [ 212.194232, 207.864109, 223.978533, 245.528047 ] }, { "date": "2025-03-28", "close": 257.921722, "volume": 752940, "typical_volume": 471973.6, "trend": 272.651939, "fair_value": 303.081973, "relative_strength": -12.292182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.512486, "energy": 20.506433, "activity_lines": [ 229.704668, 216.735192, 225.400031, 244.390267 ] }, { "date": "2025-04-04", "close": 260.516998, "volume": 384504, "typical_volume": 483135.1, "trend": 270.395178, "fair_value": 303.132786, "relative_strength": -8.450322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.778405, "energy": 22.714023, "activity_lines": [ 244.625788, 225.516588, 227.34497, 243.607367 ] }, { "date": "2025-04-11", "close": 256.257599, "volume": 145690, "typical_volume": 477472.1, "trend": 267.705812, "fair_value": 303.082301, "relative_strength": -9.092219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.743609, "energy": 28.410061, "activity_lines": [ 253.045541, 232.707686, 229.019393, 242.695265 ] }, { "date": "2025-04-18", "close": 277.901306, "volume": 305847, "typical_volume": 476281.45, "trend": 265.300405, "fair_value": 302.853751, "relative_strength": -5.188716, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 16.571954, "energy": 35.334827, "activity_lines": [ 264.588855, 243.180235, 232.840733, 243.353039 ] }, { "date": "2025-04-25", "close": 288.698395, "volume": 693644, "typical_volume": 497957.35, "trend": 262.990752, "fair_value": 303.070912, "relative_strength": -1.793074, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.407667, "energy": 54.143892, "activity_lines": [ 273.521714, 254.403987, 237.762066, 244.862587 ] }, { "date": "2025-05-02", "close": 282.061646, "volume": 184850, "typical_volume": 491678.55, "trend": 259.835823, "fair_value": 303.406266, "relative_strength": -4.67905, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.117734, "energy": 58.419148, "activity_lines": [ 278.122528, 262.628867, 242.070902, 246.092967 ] }, { "date": "2025-05-09", "close": 273.146637, "volume": 354832, "typical_volume": 487078.5, "trend": 256.920278, "fair_value": 303.814117, "relative_strength": -5.932325, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.659987, "energy": 46.935547, "activity_lines": [ 278.142344, 267.851816, 245.542246, 246.951729 ] }, { "date": "2025-05-16", "close": 314.898682, "volume": 496282, "typical_volume": 504085.9, "trend": 256.332546, "fair_value": 303.936519, "relative_strength": 4.380024, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.505571, "energy": 56.213605, "activity_lines": [ 291.237533, 279.050535, 252.943042, 250.692272 ] }, { "date": "2025-05-23", "close": 323.764191, "volume": 544275, "typical_volume": 520933.5, "trend": 257.191031, "fair_value": 304.256899, "relative_strength": 8.202033, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.29109, "energy": 65.923663, "activity_lines": [ 303.378485, 289.679234, 260.91058, 255.0427 ] }, { "date": "2025-05-30", "close": 304.299713, "volume": 519024, "typical_volume": 537199.9, "trend": 256.646224, "fair_value": 304.399654, "relative_strength": 2.307556, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 63.475842, "energy": 68.031354, "activity_lines": [ 305.973753, 294.24157, 266.716577, 258.08197 ] }, { "date": "2025-06-06", "close": 309.698242, "volume": 317767, "typical_volume": 524329.0, "trend": 256.438206, "fair_value": 304.66158, "relative_strength": 3.301746, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.337842, "energy": 73.894884, "activity_lines": [ 309.328442, 298.923671, 272.731769, 261.504681 ] }, { "date": "2025-06-13", "close": 303.853943, "volume": 472005, "typical_volume": 526461.6, "trend": 256.936787, "fair_value": 305.113311, "relative_strength": 3.063738, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.75943, "energy": 58.596749, "activity_lines": [ 308.892592, 301.60178, 277.796732, 264.563761 ] }, { "date": "2025-06-20", "close": 289.342255, "volume": 381117, "typical_volume": 530562.8, "trend": 257.440321, "fair_value": 305.427248, "relative_strength": -2.851745, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.613875, "energy": 43.134041, "activity_lines": [ 301.572359, 300.853456, 281.059585, 266.654436 ] }, { "date": "2025-06-27", "close": 298.604004, "volume": 219835, "typical_volume": 528608.5, "trend": 257.628528, "fair_value": 305.840351, "relative_strength": -1.399944, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.135581, "energy": 35.028897, "activity_lines": [ 299.043138, 301.187548, 284.875739, 269.310158 ] }, { "date": "2025-07-04", "close": 288.252655, "volume": 205477, "typical_volume": 521097.75, "trend": 257.476642, "fair_value": 306.007709, "relative_strength": -3.719589, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.828713, "energy": 26.67542, "activity_lines": [ 294.740812, 299.263163, 287.290062, 271.285908 ] }, { "date": "2025-07-11", "close": 285.479095, "volume": 228909, "typical_volume": 517922.25, "trend": 257.509661, "fair_value": 306.170346, "relative_strength": -3.075743, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.040352, "energy": 22.239164, "activity_lines": [ 290.583771, 296.842599, 288.972975, 273.092518 ] }, { "date": "2025-07-18", "close": 282.507416, "volume": 161854, "typical_volume": 518080.05, "trend": 258.150223, "fair_value": 306.205119, "relative_strength": -3.099203, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.220631, "energy": 20.074993, "activity_lines": [ 287.050779, 293.819595, 289.994903, 274.705276 ] }, { "date": "2025-07-25", "close": 266.410828, "volume": 182696, "typical_volume": 501288.0, "trend": 258.477108, "fair_value": 306.103752, "relative_strength": -7.793108, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.683191, "energy": 14.975491, "activity_lines": [ 279.57536, 287.699742, 289.016136, 275.238218 ] }, { "date": "2025-08-01", "close": 256.802399, "volume": 143089, "typical_volume": 489170.95, "trend": 258.399514, "fair_value": 306.033131, "relative_strength": -9.753812, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.080674, "energy": 22.380796, "activity_lines": [ 270.425893, 280.714499, 286.781718, 275.130173 ] }, { "date": "2025-08-08", "close": 238.625641, "volume": 239454, "typical_volume": 346704.55, "trend": 258.345033, "fair_value": 305.876771, "relative_strength": -15.006949, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.584812, "energy": 49.005276, "activity_lines": [ 258.004281, 271.641878, 282.473116, 273.854439 ] }, { "date": "2025-08-15", "close": 241.993546, "volume": 235453, "typical_volume": 320830.2, "trend": 258.843614, "fair_value": 305.777443, "relative_strength": -14.313249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.30464, "energy": 63.168532, "activity_lines": [ 250.013771, 264.375678, 278.572295, 272.799504 ] }, { "date": "2025-08-22", "close": 260.616058, "volume": 208015, "typical_volume": 312005.75, "trend": 260.342661, "fair_value": 305.806196, "relative_strength": -8.16387, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.759549, "energy": 55.441502, "activity_lines": [ 251.129802, 261.726383, 276.520895, 272.913855 ] }, { "date": "2025-08-29", "close": 266.807037, "volume": 332143, "typical_volume": 321328.4, "trend": 261.892885, "fair_value": 305.843544, "relative_strength": -3.830265, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.941278, "energy": 37.506657, "activity_lines": [ 255.768916, 260.988864, 275.05864, 273.330912 ] }, { "date": "2025-09-05", "close": 262.101898, "volume": 2698374, "typical_volume": 440954.75, "trend": 263.588062, "fair_value": 305.866276, "relative_strength": -6.311286, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.469385, "energy": 21.318426, "activity_lines": [ 258.813236, 259.805597, 273.098041, 273.344397 ] }, { "date": "2025-09-12", "close": 263.600006, "volume": 252730, "typical_volume": 418909.05, "trend": 266.037133, "fair_value": 305.990302, "relative_strength": -6.732371, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.024662, "energy": 9.706839, "activity_lines": [ 262.003626, 259.558388, 271.355355, 273.345167 ] }, { "date": "2025-09-19", "close": 267.850006, "volume": 275400, "typical_volume": 423436.55, "trend": 268.095279, "fair_value": 306.063867, "relative_strength": -5.542012, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.41549, "energy": 10.744684, "activity_lines": [ 264.945725, 260.532136, 270.136947, 273.462127 ] }, { "date": "2025-09-26", "close": 245.0, "volume": 213069, "typical_volume": 416348.4, "trend": 270.11883, "fair_value": 306.068036, "relative_strength": -10.670492, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.229193, "energy": 18.550414, "activity_lines": [ 258.547392, 257.671866, 266.810022, 271.972109 ] }, { "date": "2025-10-03", "close": 257.059998, "volume": 122357, "typical_volume": 397652.15, "trend": 272.191081, "fair_value": 306.080267, "relative_strength": -6.409356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.278024, "energy": 29.384361, "activity_lines": [ 257.210128, 257.686276, 264.765699, 271.129603 ] }, { "date": "2025-10-10", "close": 257.98999, "volume": 240157, "typical_volume": 382446.25, "trend": 274.632112, "fair_value": 306.114125, "relative_strength": -6.834763, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.074235, "energy": 29.617031, "activity_lines": [ 256.832664, 258.039791, 263.08537, 270.213404 ] }, { "date": "2025-10-17", "close": 247.860001, "volume": 235683, "typical_volume": 368279.2, "trend": 274.33073, "fair_value": 306.162321, "relative_strength": -11.389038, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.195313, "energy": 39.276514, "activity_lines": [ 253.352664, 256.529897, 260.753491, 268.486171 ] }, { "date": "2025-10-24", "close": 251.339996, "volume": 188802, "typical_volume": 361830.95, "trend": 274.111339, "fair_value": 306.267918, "relative_strength": -10.031693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.926871, "energy": 33.062963, "activity_lines": [ 252.081997, 255.484832, 259.0218, 267.002898 ] }, { "date": "2025-10-31", "close": 246.710007, "volume": 147489, "typical_volume": 345605.15, "trend": 273.651106, "fair_value": 306.326288, "relative_strength": -10.868211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.56836, "energy": 38.329591, "activity_lines": [ 250.368667, 253.428015, 257.127054, 265.23507 ] }, { "date": "2025-11-07", "close": 235.660004, "volume": 93676, "typical_volume": 331233.1, "trend": 272.96452, "fair_value": 306.308185, "relative_strength": -13.49944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.642902, "energy": 55.403977, "activity_lines": [ 244.858002, 249.614944, 254.452041, 262.784031 ] }, { "date": "2025-11-14", "close": 238.190002, "volume": 137478, "typical_volume": 327115.25, "trend": 271.64081, "fair_value": 306.165615, "relative_strength": -13.500477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.550283, "energy": 57.386721, "activity_lines": [ 241.617336, 246.828183, 252.273609, 260.540514 ] }, { "date": "2025-11-21", "close": 228.350006, "volume": 121127, "typical_volume": 322897.75, "trend": 269.629197, "fair_value": 306.000387, "relative_strength": -17.170503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.081682, "energy": 70.388906, "activity_lines": [ 236.416671, 242.687093, 249.445722, 257.747559 ] }, { "date": "2025-11-28", "close": 229.970001, "volume": 104144, "typical_volume": 316659.5, "trend": 267.892809, "fair_value": 305.762824, "relative_strength": -16.501278, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.121126, "energy": 72.438716, "activity_lines": [ 233.05667, 239.481456, 247.05737, 255.188901 ] }, { "date": "2025-12-05", "close": 228.330002, "volume": 92867, "typical_volume": 313210.15, "trend": 266.398921, "fair_value": 305.577415, "relative_strength": -16.564268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.451288, "energy": 75.152125, "activity_lines": [ 230.574669, 236.666366, 244.777156, 252.636462 ] }, { "date": "2025-12-12", "close": 253.520004, "volume": 796755, "typical_volume": 343913.1, "trend": 264.352965, "fair_value": 305.464808, "relative_strength": -6.561866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.71503, "energy": 37.936593, "activity_lines": [ 237.71467, 238.734366, 245.153978, 251.805564 ] }, { "date": "2025-12-19", "close": 262.940002, "volume": 491909, "typical_volume": 361354.1, "trend": 262.325492, "fair_value": 305.641317, "relative_strength": -2.603078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.26777, "energy": 12.05963, "activity_lines": [ 246.804003, 242.579457, 246.489328, 251.714405 ] }, { "date": "2025-12-26", "close": 256.549988, "volume": 467702, "typical_volume": 372766.5, "trend": 260.733834, "fair_value": 305.481079, "relative_strength": -5.084719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.688987, "energy": 18.950145, "activity_lines": [ 252.113331, 245.172727, 247.186878, 251.341792 ] }, { "date": "2026-01-02", "close": 253.199997, "volume": 501055, "typical_volume": 386046.6, "trend": 258.850559, "fair_value": 305.329447, "relative_strength": -7.139889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.812386, "energy": 24.81119, "activity_lines": [ 254.425997, 246.998909, 247.480028, 250.855738 ] }, { "date": "2026-01-09", "close": 235.449997, "volume": 235905, "typical_volume": 387441.1, "trend": 256.570428, "fair_value": 304.913947, "relative_strength": -11.301307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.220318, "energy": 22.277256, "activity_lines": [ 249.27333, 245.563999, 246.029337, 249.346024 ] }, { "date": "2026-01-16", "close": 225.199997, "volume": 127986, "typical_volume": 377233.25, "trend": 254.432353, "fair_value": 304.573428, "relative_strength": -15.037901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.241202, "energy": 32.462126, "activity_lines": [ 240.229329, 242.47018, 243.722294, 247.322125 ] }, { "date": "2026-01-23", "close": 207.149994, "volume": 230093, "typical_volume": 253819.2, "trend": 251.383886, "fair_value": 304.256636, "relative_strength": -19.673098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.754452, "energy": 73.099234, "activity_lines": [ 227.056662, 236.284724, 239.894332, 244.271651 ] }, { "date": "2026-01-30", "close": 216.449997, "volume": 204513, "typical_volume": 251408.35, "trend": 248.990464, "fair_value": 304.040193, "relative_strength": -16.840644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.756325, "energy": 76.136838, "activity_lines": [ 220.70333, 232.354542, 237.213761, 242.017851 ] }, { "date": "2026-02-06", "close": 214.460007, "volume": 252986, "typical_volume": 250287.65, "trend": 246.623161, "fair_value": 303.810053, "relative_strength": -18.707266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.538251, "energy": 77.900007, "activity_lines": [ 216.36, 228.278907, 234.56819, 239.79008 ] }, { "date": "2026-02-13", "close": 214.100006, "volume": 263647, "typical_volume": 252816.55, "trend": 244.342914, "fair_value": 303.570399, "relative_strength": -18.151903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.182955, "energy": 75.49997, "activity_lines": [ 214.479336, 224.419818, 232.142571, 237.691812 ] }, { "date": "2026-02-20", "close": 198.270004, "volume": 293454, "typical_volume": 261371.4, "trend": 242.071553, "fair_value": 303.27721, "relative_strength": -24.317905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.945302, "energy": 73.971538, "activity_lines": [ 208.745337, 217.941273, 228.356477, 234.719366 ] }, { "date": "2026-02-27", "close": 198.289993, "volume": 738846, "typical_volume": 286305.85, "trend": 240.121139, "fair_value": 303.084416, "relative_strength": -23.06445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.847378, "energy": 63.699786, "activity_lines": [ 204.813334, 212.470909, 224.852238, 231.894749 ] }, { "date": "2026-03-06", "close": 195.119995, "volume": 984313, "typical_volume": 323737.35, "trend": 238.670951, "fair_value": 302.787955, "relative_strength": -21.942668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.913689, "energy": 58.460118, "activity_lines": [ 200.415332, 207.599635, 221.33038, 228.99145 ] }, { "date": "2026-03-13", "close": 191.100006, "volume": 726869, "typical_volume": 350640.7, "trend": 236.9745, "fair_value": 302.58291, "relative_strength": -19.260966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.492577, "energy": 72.354835, "activity_lines": [ 196.099334, 203.114364, 217.676809, 225.922357 ] }, { "date": "2026-03-20", "close": 230.470001, "volume": 1454890, "typical_volume": 416010.75, "trend": 235.969631, "fair_value": 302.611438, "relative_strength": -2.283568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.375666, "energy": 37.680441, "activity_lines": [ 206.464, 206.916364, 218.059619, 225.502711 ] }, { "date": "2026-03-27", "close": 236.690002, "volume": 1182191, "typical_volume": 470436.5, "trend": 234.96573, "fair_value": 302.67921, "relative_strength": 1.764469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.717559, "energy": 13.907876, "activity_lines": [ 217.810668, 211.939819, 219.112143, 225.549187 ] }, { "date": "2026-04-03", "close": 247.660004, "volume": 1264732, "typical_volume": 526799.2, "trend": 234.484334, "fair_value": 302.77187, "relative_strength": 7.075285, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.314651, "energy": 17.260596, "activity_lines": [ 230.252669, 218.748911, 221.204524, 226.368172 ] }, { "date": "2026-04-10", "close": 240.210007, "volume": 822324, "typical_volume": 561859.05, "trend": 233.704667, "fair_value": 302.709615, "relative_strength": -1.691477, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 17.989901, "energy": 28.367609, "activity_lines": [ 236.920004, 223.466912, 222.542287, 226.737571 ] }, { "date": "2026-04-17", "close": 247.330002, "volume": 358284, "typical_volume": 574566.05, "trend": 233.020667, "fair_value": 302.584901, "relative_strength": 0.247046, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.349488, "energy": 31.960519, "activity_lines": [ 242.95467, 229.047457, 224.501668, 227.616625 ] }, { "date": "2026-04-24", "close": 261.220001, "volume": 1589227, "typical_volume": 649384.05, "trend": 233.561334, "fair_value": 302.518519, "relative_strength": 8.116782, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.932259, "energy": 45.771996, "activity_lines": [ 249.87067, 236.555821, 227.701239, 229.435936 ] }, { "date": "2026-05-01", "close": 256.640015, "volume": 3538482, "typical_volume": 786470.4, "trend": 233.547334, "fair_value": 302.382985, "relative_strength": 5.959833, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.204179, "energy": 43.891418, "activity_lines": [ 253.210007, 242.374732, 230.308003, 230.924884 ] }, { "date": "2026-05-08", "close": 252.149994, "volume": 1091608, "typical_volume": 816455.35, "trend": 233.352668, "fair_value": 302.297315, "relative_strength": 3.523866, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.385558, "energy": 38.28931, "activity_lines": [ 253.72267, 246.316003, 232.472288, 232.125055 ] }, { "date": "2026-05-15", "close": 242.300003, "volume": 544791, "typical_volume": 820309.8, "trend": 233.167334, "fair_value": 302.227464, "relative_strength": 2.176912, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.678577, "energy": 25.176472, "activity_lines": [ 250.652669, 247.487094, 233.749859, 232.702303 ] }, { "date": "2026-05-22", "close": 245.199997, "volume": 516781, "typical_volume": 821096.1, "trend": 232.962668, "fair_value": 302.191869, "relative_strength": 3.603653, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 50.405722, "energy": 27.788493, "activity_lines": [ 248.410001, 248.327638, 235.371478, 233.478603 ] }, { "date": "2026-05-29", "close": 236.399994, "volume": 162644, "typical_volume": 817433.05, "trend": 232.619001, "fair_value": 302.03187, "relative_strength": 1.052366, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.05982, "energy": 17.447101, "activity_lines": [ 243.375998, 246.584546, 236.193096, 233.700366 ] }, { "date": "2026-06-05", "close": 246.850006, "volume": 245140, "typical_volume": 823290.75, "trend": 232.992001, "fair_value": 301.713887, "relative_strength": 6.713371, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.990907, "energy": 16.560037, "activity_lines": [ 243.48, 246.633638, 238.00543, 234.618496 ] }, { "date": "2026-06-12", "close": 230.880005, "volume": 36270, "typical_volume": 813599.6, "trend": 232.748334, "fair_value": 301.345232, "relative_strength": -0.787473, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.774152, "energy": 14.532137, "activity_lines": [ 238.913335, 243.594365, 238.193716, 234.482238 ] }, { "date": "2026-06-19", "close": 237.850006, "volume": 28052, "typical_volume": 804776.55, "trend": 233.065001, "fair_value": 300.719832, "relative_strength": 0.86519, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.663305, "energy": 15.98113, "activity_lines": [ 238.088004, 242.127457, 238.932812, 234.811378 ] }, { "date": "2026-06-26", "close": 227.309998, "volume": 0, "typical_volume": 792127.25, "trend": 232.976334, "fair_value": 300.06384, "relative_strength": -3.360486, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.075279, "energy": 12.262895, "activity_lines": [ 234.046002, 238.787093, 238.566192, 234.440088 ] }, { "date": "2026-07-03", "close": 236.679993, "volume": 96335, "typical_volume": 783761.65, "trend": 233.254667, "fair_value": 299.551259, "relative_strength": 0.041238, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.866026, "energy": 12.72287, "activity_lines": [ 234.319999, 237.514364, 239.030763, 234.679033 ] }, { "date": "2026-07-10", "close": 232.449997, "volume": 794180, "typical_volume": 808797.95, "trend": 232.552334, "fair_value": 298.956416, "relative_strength": -1.146156, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.224132, "energy": 10.767475, "activity_lines": [ 233.165331, 235.918727, 238.984953, 234.627119 ] }, { "date": "2026-07-17", "close": 236.460007, "volume": 452829, "typical_volume": 794497.1, "trend": 231.669667, "fair_value": 298.277612, "relative_strength": 0.350063, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.269528, "energy": 9.534363, "activity_lines": [ 234.307334, 235.492001, 239.158287, 234.879227 ] }, { "date": "2026-07-24", "close": 228.460007, "volume": 256947, "typical_volume": 758128.8, "trend": 230.733334, "fair_value": 297.46888, "relative_strength": -0.512532, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.400386, "energy": 11.549838, "activity_lines": [ 232.410669, 233.896002, 238.387954, 234.672152 ] }, { "date": "2026-07-31", "close": 222.330002, "volume": 196149, "typical_volume": 731592.8, "trend": 229.704335, "fair_value": 296.609887, "relative_strength": -5.376879, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.184982, "energy": 27.836626, "activity_lines": [ 229.09667, 231.437093, 236.875049, 234.130002 ] }, { "date": "2026-08-07", "close": 252.770004, "volume": 1640834, "typical_volume": 740890.0, "trend": 230.281668, "fair_value": 296.120234, "relative_strength": 6.654409, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.967513, "energy": 16.863622, "activity_lines": [ 236.261337, 234.928548, 238.112478, 235.618109 ] } ], "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." } } }