{ "ticker": { "uuid": "930520c1-7216-4083-86fd-93bc67e1b9d5", "symbol": "DABUR", "name": "Dabur India 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": 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": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -72.714, "architecture_energy": 57.542, "architecture_maturity": 49.912, "architecture_confidence": 91.841, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.7, "rotation_up": 17.89, "upward_expansion": 9.6, "deceleration": 43.63, "rotation_down": 62.15, "downward_expansion": 82.93 }, "activity_lines": [ 419.908012, 423.375592, 431.304113, 438.983485 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 410.0, "trend_reference": 454.998855, "distance_from_trend": -0.098899, "trend_direction": "Weakening", "fair_value": 512.368388, "distance_from_fair_value": -0.199795, "fair_value_direction": "Weakening", "relative_strength": -13.557621, "relative_strength_direction": "Weakening", "price_momentum": -0.19339, "excess_performance": -0.149681, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.098899, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.059836, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.199795, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.134415, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.135576, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.158885, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.19339, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.022303, "read": "Supply-led" } ], "volume": { "latest": 14732033, "relative_activity": 1.748429, "balance": 0.022303, "dry_up": 1.269674, "accumulation_observations": 0, "distribution_observations": 5 }, "risk": { "range_context": 0.04217, "annualized_volatility": 0.258068, "from_high_reference": -0.285677, "from_low_reference": 0.016487 }, "levels": { "trend_reference": 454.998855, "fair_value_reference": 512.368388, "structural_low": 403.350006, "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": 27, "median_return": -0.003637, "positive_rate": 0.481481, "directional_follow_through": 0.518519, "median_excess_return": -0.009256, "regime_survival": 0.777778, "best_return": 0.137942, "worst_return": -0.099981, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.020981, "positive_rate": 0.272727, "directional_follow_through": 0.727273, "median_excess_return": 0.008171, "regime_survival": 0.545455, "best_return": 0.194034, "worst_return": -0.064213, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.004044, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.058754, "regime_survival": 0.333333, "best_return": 0.08779, "worst_return": -0.083847, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.064585, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.086871, "regime_survival": 0.5, "best_return": 0.028775, "worst_return": -0.082492, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-20", "end": "2023-11-24", "tenure": "Developing", "return": 0.029206, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-01", "end": "2023-12-08", "tenure": "New", "return": 0.011734, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-15", "end": "2024-03-29", "tenure": "Established", "return": -0.030665, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-05", "end": "2024-05-24", "tenure": "Developing", "return": 0.098838, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-31", "end": "2024-06-14", "tenure": "New", "return": 0.116584, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-10-04", "tenure": "Established", "return": -0.025508, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.000963, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-25", "end": "2024-11-22", "tenure": "Developing", "return": -0.042783, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-06-27", "tenure": "Extended", "return": -0.077397, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-04", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": -0.01832, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": -0.060257, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2026-03-13", "tenure": "Established", "return": -0.103189, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.048061, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 548.879456, "volume": 5223657, "typical_volume": 9744207.35, "trend": 528.350001, "fair_value": 527.965823, "relative_strength": -3.491293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.765924, "energy": 26.333406, "activity_lines": [ 551.163632, 553.096944, 543.490858, 535.886838 ] }, { "date": "2023-08-25", "close": 541.648438, "volume": 7646727, "typical_volume": 9729517.95, "trend": 528.305458, "fair_value": 528.474766, "relative_strength": -4.342573, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.640291, "energy": 18.275914, "activity_lines": [ 547.604737, 551.027359, 544.346729, 536.744801 ] }, { "date": "2023-09-01", "close": 537.086487, "volume": 10630873, "typical_volume": 9467677.5, "trend": 529.021793, "fair_value": 528.986575, "relative_strength": -5.749749, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.627655, "energy": 18.482961, "activity_lines": [ 542.987846, 548.308075, 544.608189, 537.311319 ] }, { "date": "2023-09-08", "close": 550.432495, "volume": 4620822, "typical_volume": 9222826.4, "trend": 530.224859, "fair_value": 529.435808, "relative_strength": -5.080997, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.914946, "energy": 17.126435, "activity_lines": [ 544.654081, 548.145413, 546.008231, 538.692655 ] }, { "date": "2023-09-15", "close": 548.879456, "volume": 6446255, "typical_volume": 9082692.85, "trend": 531.30853, "fair_value": 529.873874, "relative_strength": -6.923485, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.077188, "energy": 15.693451, "activity_lines": [ 545.97087, 547.756426, 547.055145, 539.896177 ] }, { "date": "2023-09-22", "close": 544.802917, "volume": 7063951, "typical_volume": 8704956.45, "trend": 532.243436, "fair_value": 530.381834, "relative_strength": -4.939836, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.31897, "energy": 10.727382, "activity_lines": [ 545.776754, 546.697359, 547.551647, 540.766783 ] }, { "date": "2023-09-29", "close": 535.387939, "volume": 7112583, "typical_volume": 8540164.45, "trend": 532.86773, "fair_value": 530.701004, "relative_strength": -6.103305, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.525629, "energy": 7.152766, "activity_lines": [ 542.716081, 544.322886, 546.880374, 540.969654 ] }, { "date": "2023-10-06", "close": 531.068726, "volume": 5592439, "typical_volume": 8285257.75, "trend": 533.504235, "fair_value": 530.960377, "relative_strength": -6.74864, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.751265, "energy": 8.259354, "activity_lines": [ 538.633036, 541.403107, 545.632887, 540.853589 ] }, { "date": "2023-10-13", "close": 523.012756, "volume": 5442815, "typical_volume": 8077769.35, "trend": 533.672549, "fair_value": 531.212941, "relative_strength": -8.418874, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.639211, "energy": 32.167942, "activity_lines": [ 532.265853, 537.628327, 543.477321, 540.17672 ] }, { "date": "2023-10-20", "close": 509.375732, "volume": 16792857, "typical_volume": 8332599.3, "trend": 533.378244, "fair_value": 531.332953, "relative_strength": -9.65299, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.934063, "energy": 53.560459, "activity_lines": [ 523.180977, 531.91851, 540.026318, 538.609183 ] }, { "date": "2023-10-27", "close": 509.133057, "volume": 8077126, "typical_volume": 8197897.65, "trend": 532.802127, "fair_value": 531.49806, "relative_strength": -7.157515, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.747595, "energy": 62.329614, "activity_lines": [ 516.648791, 526.84135, 536.689934, 537.044977 ] }, { "date": "2023-11-03", "close": 519.761169, "volume": 9367669, "typical_volume": 8191362.15, "trend": 533.192132, "fair_value": 531.635875, "relative_strength": -5.953468, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.290673, "energy": 61.250935, "activity_lines": [ 516.0373, 524.419235, 534.471286, 536.203625 ] }, { "date": "2023-11-10", "close": 520.349792, "volume": 4807078, "typical_volume": 8073393.6, "trend": 533.561506, "fair_value": 531.838306, "relative_strength": -6.645185, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.274181, "energy": 56.807741, "activity_lines": [ 516.663802, 522.502093, 532.459998, 535.375087 ] }, { "date": "2023-11-17", "close": 527.520691, "volume": 7503185, "typical_volume": 8102783.1, "trend": 534.234313, "fair_value": 532.129258, "relative_strength": -6.690363, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.983832, "energy": 27.719017, "activity_lines": [ 520.395198, 522.193054, 531.245419, 534.985357 ] }, { "date": "2023-11-24", "close": 524.252319, "volume": 5212091, "typical_volume": 7971453.85, "trend": 534.548603, "fair_value": 532.451538, "relative_strength": -7.404111, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -40.723795, "energy": 25.04037, "activity_lines": [ 522.736609, 521.706344, 529.843349, 534.341358 ] }, { "date": "2023-12-01", "close": 527.959656, "volume": 8819300, "typical_volume": 8086037.1, "trend": 535.884927, "fair_value": 532.782386, "relative_strength": -8.650237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.016404, "energy": 19.158978, "activity_lines": [ 525.322025, 522.341462, 528.930255, 533.916264 ] }, { "date": "2023-12-08", "close": 534.154968, "volume": 8507384, "typical_volume": 8092824.15, "trend": 536.997858, "fair_value": 533.083038, "relative_strength": -10.319364, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.23207, "energy": 18.9452, "activity_lines": [ 528.71744, 524.409241, 528.791217, 533.804654 ] }, { "date": "2023-12-15", "close": 526.545105, "volume": 9059804, "typical_volume": 8141058.15, "trend": 537.832973, "fair_value": 533.361961, "relative_strength": -13.245179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.267808, "energy": 16.881955, "activity_lines": [ 528.616646, 525.115826, 527.996161, 533.130283 ] }, { "date": "2023-12-22", "close": 516.398499, "volume": 18562244, "typical_volume": 8203699.0, "trend": 537.589209, "fair_value": 533.544231, "relative_strength": -14.109321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.806612, "energy": 19.78043, "activity_lines": [ 524.72063, 524.059821, 526.415991, 531.747414 ] }, { "date": "2023-12-29", "close": 543.618469, "volume": 12597273, "typical_volume": 8454306.65, "trend": 537.766514, "fair_value": 533.781534, "relative_strength": -10.870459, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.196662, "energy": 6.031712, "activity_lines": [ 530.639417, 528.073161, 527.602282, 532.136398 ] }, { "date": "2024-01-05", "close": 555.179565, "volume": 11252183, "typical_volume": 8755732.95, "trend": 538.562661, "fair_value": 534.05708, "relative_strength": -8.617211, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.896336, "energy": 22.32669, "activity_lines": [ 539.120825, 533.565923, 529.903821, 533.259821 ] }, { "date": "2024-01-12", "close": 536.301331, "volume": 9137067, "typical_volume": 8830249.95, "trend": 538.054887, "fair_value": 534.207661, "relative_strength": -12.178339, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.312217, "energy": 16.243462, "activity_lines": [ 539.494828, 534.78907, 530.377432, 533.113928 ] }, { "date": "2024-01-19", "close": 529.081665, "volume": 9113123, "typical_volume": 8754362.45, "trend": 537.549589, "fair_value": 534.359378, "relative_strength": -11.914076, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.69198, "energy": 16.667095, "activity_lines": [ 537.319185, 534.39882, 530.188919, 532.535011 ] }, { "date": "2024-01-26", "close": 518.642456, "volume": 4095201, "typical_volume": 8728081.4, "trend": 536.38717, "fair_value": 534.556032, "relative_strength": -12.162473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.823508, "energy": 16.519349, "activity_lines": [ 531.494702, 531.951771, 529.044313, 531.315196 ] }, { "date": "2024-02-02", "close": 531.374451, "volume": 20831947, "typical_volume": 9447366.0, "trend": 535.673303, "fair_value": 534.790532, "relative_strength": -11.790178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.580654, "energy": 15.560339, "activity_lines": [ 529.76462, 531.981053, 529.263659, 530.991795 ] }, { "date": "2024-02-09", "close": 526.057251, "volume": 7724595, "typical_volume": 9480398.2, "trend": 534.3217, "fair_value": 534.916479, "relative_strength": -12.101627, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.373079, "energy": 19.918152, "activity_lines": [ 527.078406, 530.914077, 529.059963, 530.371404 ] }, { "date": "2024-02-16", "close": 531.228027, "volume": 4854761, "typical_volume": 9367507.1, "trend": 533.743026, "fair_value": 535.200496, "relative_strength": -11.98953, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.039402, "energy": 17.525998, "activity_lines": [ 528.057271, 530.821832, 529.437987, 530.171812 ] }, { "date": "2024-02-23", "close": 522.252258, "volume": 6472648, "typical_volume": 9411517.55, "trend": 532.331323, "fair_value": 535.489894, "relative_strength": -13.778718, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.943697, "energy": 17.640832, "activity_lines": [ 526.382434, 529.150846, 528.980984, 529.430473 ] }, { "date": "2024-03-01", "close": 527.910828, "volume": 10048023, "typical_volume": 9641777.95, "trend": 531.496484, "fair_value": 535.686081, "relative_strength": -12.984496, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.912704, "energy": 17.696965, "activity_lines": [ 527.04908, 528.586742, 529.104876, 529.145279 ] }, { "date": "2024-03-08", "close": 522.203491, "volume": 5472280, "typical_volume": 9075749.1, "trend": 530.683315, "fair_value": 535.851459, "relative_strength": -14.141503, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.104497, "energy": 16.640123, "activity_lines": [ 525.19539, 526.775626, 528.661888, 528.545731 ] }, { "date": "2024-03-15", "close": 513.715576, "volume": 8421159, "typical_volume": 9092950.75, "trend": 529.511186, "fair_value": 535.95422, "relative_strength": -13.304351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.963131, "energy": 33.243613, "activity_lines": [ 521.123791, 523.810616, 527.349443, 527.451038 ] }, { "date": "2024-03-22", "close": 508.105743, "volume": 6289594, "typical_volume": 8939047.0, "trend": 528.393096, "fair_value": 535.990625, "relative_strength": -14.069939, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.52872, "energy": 43.621423, "activity_lines": [ 516.005027, 520.579526, 525.480906, 526.070042 ] }, { "date": "2024-03-29", "close": 510.398529, "volume": 6912626, "typical_volume": 9044324.4, "trend": 527.503497, "fair_value": 535.987928, "relative_strength": -14.11128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.591137, "energy": 50.698658, "activity_lines": [ 513.19201, 518.277955, 523.886232, 524.909102 ] }, { "date": "2024-04-05", "close": 495.520142, "volume": 21259788, "typical_volume": 9732154.55, "trend": 525.673085, "fair_value": 535.757029, "relative_strength": -16.895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.837229, "energy": 61.691946, "activity_lines": [ 506.20978, 513.610915, 520.921956, 522.84566 ] }, { "date": "2024-04-12", "close": 488.398102, "volume": 11964365, "typical_volume": 10069768.25, "trend": 523.65704, "fair_value": 535.39233, "relative_strength": -17.699174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.068761, "energy": 70.134165, "activity_lines": [ 499.012915, 508.069364, 517.431773, 520.440822 ] }, { "date": "2024-04-19", "close": 491.910339, "volume": 11316824, "typical_volume": 10194644.45, "trend": 521.893954, "fair_value": 535.141634, "relative_strength": -15.307084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.276894, "energy": 68.981722, "activity_lines": [ 495.240489, 503.94779, 514.446824, 518.392648 ] }, { "date": "2024-04-26", "close": 496.593384, "volume": 7363492, "typical_volume": 10137449.85, "trend": 520.600803, "fair_value": 535.05409, "relative_strength": -15.146666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.394104, "energy": 67.124157, "activity_lines": [ 494.48276, 501.298532, 512.079543, 516.760353 ] }, { "date": "2024-05-03", "close": 518.788879, "volume": 17566107, "typical_volume": 10562765.0, "trend": 520.191474, "fair_value": 535.129797, "relative_strength": -11.318581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.648598, "energy": 42.592832, "activity_lines": [ 501.89102, 503.31454, 512.004982, 516.643455 ] }, { "date": "2024-05-10", "close": 537.374512, "volume": 29806470, "typical_volume": 11124976.3, "trend": 520.6702, "fair_value": 535.322212, "relative_strength": -6.183215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.609592, "energy": 11.519614, "activity_lines": [ 514.935134, 508.772723, 513.737417, 517.752038 ] }, { "date": "2024-05-17", "close": 522.740112, "volume": 13883289, "typical_volume": 11189277.1, "trend": 521.115679, "fair_value": 535.410178, "relative_strength": -10.122366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.450183, "energy": 21.178782, "activity_lines": [ 520.310823, 511.39804, 513.976213, 517.885581 ] }, { "date": "2024-05-24", "close": 544.49646, "volume": 11439091, "typical_volume": 11198622.5, "trend": 522.294459, "fair_value": 535.67621, "relative_strength": -8.070398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 32.256697, "energy": 34.71478, "activity_lines": [ 530.649162, 517.9693, 516.386464, 519.394018 ] }, { "date": "2024-05-31", "close": 531.813354, "volume": 23003651, "typical_volume": 11891951.7, "trend": 522.696198, "fair_value": 535.77796, "relative_strength": -8.140007, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.712846, "energy": 29.55584, "activity_lines": [ 533.254057, 521.674888, 517.639671, 520.008141 ] }, { "date": "2024-06-07", "close": 598.155945, "volume": 54891671, "typical_volume": 14180879.1, "trend": 525.289737, "fair_value": 536.176412, "relative_strength": 0.170511, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.940974, "energy": 66.055285, "activity_lines": [ 555.62515, 537.011718, 525.232592, 524.876511 ] }, { "date": "2024-06-14", "close": 593.814392, "volume": 23377157, "typical_volume": 15144976.9, "trend": 527.499527, "fair_value": 536.474692, "relative_strength": -1.003755, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.177508, "energy": 81.181129, "activity_lines": [ 571.257922, 549.963585, 532.083106, 529.297457 ] }, { "date": "2024-06-21", "close": 575.570251, "volume": 12762613, "typical_volume": 14741510.2, "trend": 529.210125, "fair_value": 536.732922, "relative_strength": -3.852697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.735191, "energy": 74.901003, "activity_lines": [ 577.046655, 557.811167, 536.838121, 532.398794 ] }, { "date": "2024-06-28", "close": 586.058167, "volume": 9912218, "typical_volume": 14850891.35, "trend": 531.146742, "fair_value": 536.900328, "relative_strength": -3.856062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.914463, "energy": 77.37751, "activity_lines": [ 582.809351, 565.980695, 542.38153, 536.066409 ] }, { "date": "2024-07-05", "close": 591.668091, "volume": 11331582, "typical_volume": 15174732.4, "trend": 533.063846, "fair_value": 537.072388, "relative_strength": -3.874829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.987637, "energy": 73.668199, "activity_lines": [ 587.67124, 573.458431, 548.173498, 539.971013 ] }, { "date": "2024-07-12", "close": 614.644043, "volume": 16046668, "typical_volume": 15653433.4, "trend": 536.000477, "fair_value": 537.484738, "relative_strength": -0.575879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.834078, "energy": 69.016791, "activity_lines": [ 596.201465, 583.384981, 555.865842, 545.234251 ] }, { "date": "2024-07-19", "close": 620.117859, "volume": 9390369, "typical_volume": 15620550.7, "trend": 539.457789, "fair_value": 537.872299, "relative_strength": 0.383631, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.978416, "energy": 71.964558, "activity_lines": [ 605.457088, 592.563949, 563.639542, 550.661179 ] }, { "date": "2024-07-26", "close": 619.677002, "volume": 20203634, "typical_volume": 16357118.4, "trend": 541.993074, "fair_value": 538.17424, "relative_strength": -0.628068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.645641, "energy": 64.70589, "activity_lines": [ 612.812195, 600.158337, 570.932173, 555.836612 ] }, { "date": "2024-08-02", "close": 614.875854, "volume": 19007259, "typical_volume": 16886423.4, "trend": 543.98295, "fair_value": 538.540111, "relative_strength": -0.667732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.554698, "energy": 56.713565, "activity_lines": [ 615.626469, 605.117301, 577.303393, 560.538727 ] }, { "date": "2024-08-09", "close": 611.348633, "volume": 12623277, "typical_volume": 17203107.55, "trend": 546.484527, "fair_value": 538.86443, "relative_strength": 0.416659, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.168856, "energy": 52.347827, "activity_lines": [ 615.343823, 608.155326, 582.856972, 564.8849 ] }, { "date": "2024-08-16", "close": 605.126831, "volume": 7102525, "typical_volume": 17212602.5, "trend": 549.019365, "fair_value": 539.00589, "relative_strength": -1.021637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.263235, "energy": 45.111933, "activity_lines": [ 611.675207, 608.616018, 587.326365, 568.668275 ] }, { "date": "2024-08-23", "close": 630.25885, "volume": 12691816, "typical_volume": 16784203.9, "trend": 552.739912, "fair_value": 539.326477, "relative_strength": 2.13279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.903033, "energy": 46.977388, "activity_lines": [ 617.018412, 613.519425, 593.738197, 573.909532 ] }, { "date": "2024-08-30", "close": 624.282043, "volume": 9894879, "typical_volume": 16680729.6, "trend": 555.836832, "fair_value": 539.410172, "relative_strength": -0.26687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.870524, "energy": 44.681286, "activity_lines": [ 619.693282, 616.673513, 598.939196, 578.525153 ] }, { "date": "2024-09-06", "close": 631.38562, "volume": 9667567, "typical_volume": 16598266.75, "trend": 559.347777, "fair_value": 539.557427, "relative_strength": 2.613737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.912439, "energy": 52.621949, "activity_lines": [ 624.429008, 620.233492, 604.16966, 583.399268 ] }, { "date": "2024-09-13", "close": 647.552429, "volume": 18256985, "typical_volume": 17142941.4, "trend": 563.225257, "fair_value": 539.712693, "relative_strength": 3.27984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.604971, "energy": 75.093251, "activity_lines": [ 633.453019, 625.908755, 610.275652, 589.089891 ] }, { "date": "2024-09-20", "close": 654.067993, "volume": 7632637, "typical_volume": 16646267.9, "trend": 567.619115, "fair_value": 539.922251, "relative_strength": 2.748021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.737891, "energy": 79.330939, "activity_lines": [ 642.235298, 631.752587, 616.283321, 594.950713 ] }, { "date": "2024-09-27", "close": 620.215881, "volume": 17868760, "typical_volume": 16049382.4, "trend": 570.69595, "fair_value": 540.122246, "relative_strength": -3.746041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.048112, "energy": 54.24122, "activity_lines": [ 636.470796, 630.72469, 618.422793, 598.344053 ] }, { "date": "2024-10-04", "close": 560.888733, "volume": 27045646, "typical_volume": 16707500.25, "trend": 571.985458, "fair_value": 540.008846, "relative_strength": -8.572998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.014165, "energy": 13.816566, "activity_lines": [ 611.60011, 618.908257, 614.517578, 597.711329 ] }, { "date": "2024-10-11", "close": 559.321045, "volume": 15221449, "typical_volume": 16896618.15, "trend": 573.505641, "fair_value": 539.835293, "relative_strength": -8.351784, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.577635, "energy": 21.336472, "activity_lines": [ 590.433081, 607.875668, 610.281399, 596.89427 ] }, { "date": "2024-10-18", "close": 559.859924, "volume": 10235835, "typical_volume": 16258227.35, "trend": 575.23078, "fair_value": 539.814587, "relative_strength": -7.599508, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.203811, "energy": 40.252586, "activity_lines": [ 574.249984, 597.951144, 606.025949, 596.013901 ] }, { "date": "2024-10-25", "close": 527.820374, "volume": 8837832, "typical_volume": 13955535.4, "trend": 575.811508, "fair_value": 539.618439, "relative_strength": -10.114393, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.87586, "energy": 58.80965, "activity_lines": [ 553.233203, 583.137406, 598.585558, 592.955165 ] }, { "date": "2024-11-01", "close": 531.592529, "volume": 15828697, "typical_volume": 13578112.4, "trend": 577.013921, "fair_value": 539.283332, "relative_strength": -9.562979, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.783757, "energy": 71.112539, "activity_lines": [ 541.890316, 570.415086, 591.839351, 590.102328 ] }, { "date": "2024-11-08", "close": 523.458984, "volume": 9947942, "typical_volume": 13437378.85, "trend": 578.182617, "fair_value": 538.94253, "relative_strength": -10.005164, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.826954, "energy": 76.566319, "activity_lines": [ 533.74447, 558.007872, 584.614816, 586.647171 ] }, { "date": "2024-11-15", "close": 500.412964, "volume": 10701925, "typical_volume": 13476864.2, "trend": 578.466038, "fair_value": 538.415344, "relative_strength": -11.329882, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.299516, "energy": 82.081566, "activity_lines": [ 520.411934, 543.24362, 575.44357, 581.629774 ] }, { "date": "2024-11-22", "close": 505.238831, "volume": 8278709, "typical_volume": 13324220.55, "trend": 578.754219, "fair_value": 537.960507, "relative_strength": -11.497573, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.389609, "energy": 88.425749, "activity_lines": [ 512.615226, 531.738119, 567.139765, 576.905438 ] }, { "date": "2024-11-29", "close": 519.174805, "volume": 10543227, "typical_volume": 13049048.5, "trend": 578.767084, "fair_value": 537.721701, "relative_strength": -9.56982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.946698, "energy": 81.145454, "activity_lines": [ 513.105249, 525.353952, 560.574763, 573.061605 ] }, { "date": "2024-12-06", "close": 515.875427, "volume": 12141779, "typical_volume": 13186619.0, "trend": 578.050448, "fair_value": 537.483527, "relative_strength": -11.809454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.076886, "energy": 72.441329, "activity_lines": [ 513.071851, 520.822501, 554.150151, 569.004078 ] }, { "date": "2024-12-13", "close": 505.04184, "volume": 18811457, "typical_volume": 13117010.15, "trend": 577.460505, "fair_value": 537.255973, "relative_strength": -13.686401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.868073, "energy": 60.934491, "activity_lines": [ 510.475063, 516.218406, 547.190161, 564.293846 ] }, { "date": "2024-12-20", "close": 494.94693, "volume": 10975359, "typical_volume": 12715415.15, "trend": 575.808854, "fair_value": 536.970152, "relative_strength": -10.94482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.075233, "energy": 61.277117, "activity_lines": [ 505.741115, 510.794271, 539.814632, 558.970389 ] }, { "date": "2024-12-27", "close": 499.477356, "volume": 8373473, "typical_volume": 12502924.95, "trend": 574.730988, "fair_value": 536.613057, "relative_strength": -10.687658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.548247, "energy": 61.980387, "activity_lines": [ 502.881712, 507.364288, 533.441663, 554.045776 ] }, { "date": "2025-01-03", "close": 516.958862, "volume": 11711440, "typical_volume": 12733370.7, "trend": 572.024418, "fair_value": 536.322313, "relative_strength": -7.994552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.39222, "energy": 61.187418, "activity_lines": [ 506.233575, 508.210626, 529.266319, 550.318542 ] }, { "date": "2025-01-10", "close": 510.064728, "volume": 15342620, "typical_volume": 12865910.9, "trend": 569.232763, "fair_value": 536.05916, "relative_strength": -6.791859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.667806, "energy": 53.232911, "activity_lines": [ 507.435124, 508.000967, 524.854239, 546.321143 ] }, { "date": "2025-01-17", "close": 518.091431, "volume": 13018168, "typical_volume": 13022075.35, "trend": 567.316802, "fair_value": 535.996246, "relative_strength": -4.224727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.689827, "energy": 39.932474, "activity_lines": [ 511.69962, 509.642123, 521.77896, 543.021702 ] }, { "date": "2025-01-24", "close": 513.757996, "volume": 7057400, "typical_volume": 12891567.0, "trend": 564.906796, "fair_value": 536.013538, "relative_strength": -4.408329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.677248, "energy": 33.883006, "activity_lines": [ 513.649665, 510.592974, 518.796642, 539.566295 ] }, { "date": "2025-01-31", "close": 521.833923, "volume": 15596066, "typical_volume": 12758521.05, "trend": 562.578991, "fair_value": 535.867551, "relative_strength": -4.457545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.357528, "energy": 28.285592, "activity_lines": [ 517.037614, 512.769538, 517.143591, 536.7874 ] }, { "date": "2025-02-07", "close": 519.125488, "volume": 18124440, "typical_volume": 13283111.2, "trend": 559.395039, "fair_value": 535.754206, "relative_strength": -4.994978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.72282, "energy": 22.13093, "activity_lines": [ 518.032314, 514.15193, 515.831254, 533.983949 ] }, { "date": "2025-02-14", "close": 512.034485, "volume": 7645067, "typical_volume": 12771926.55, "trend": 555.79226, "fair_value": 535.675473, "relative_strength": -3.573552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.809374, "energy": 24.490291, "activity_lines": [ 516.518905, 514.245946, 514.486167, 530.928429 ] }, { "date": "2025-02-21", "close": 500.95462, "volume": 9404450, "typical_volume": 11889866.75, "trend": 551.834847, "fair_value": 535.543816, "relative_strength": -4.987083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.82455, "energy": 34.571563, "activity_lines": [ 511.18089, 512.395276, 512.601003, 527.390517 ] }, { "date": "2025-02-28", "close": 485.836884, "volume": 8933471, "typical_volume": 11575467.85, "trend": 547.533548, "fair_value": 535.350835, "relative_strength": -4.926678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.427688, "energy": 47.225961, "activity_lines": [ 501.946084, 507.87024, 509.561456, 523.132584 ] }, { "date": "2025-03-07", "close": 488.299042, "volume": 9544223, "typical_volume": 11540887.25, "trend": 543.431895, "fair_value": 535.121486, "relative_strength": -6.13522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.473991, "energy": 56.554804, "activity_lines": [ 495.393404, 503.958507, 507.106325, 519.311003 ] }, { "date": "2025-03-14", "close": 493.371124, "volume": 7096465, "typical_volume": 11453818.9, "trend": 539.706705, "fair_value": 534.84673, "relative_strength": -4.399181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.586039, "energy": 59.941239, "activity_lines": [ 492.767078, 501.172212, 505.475016, 516.081275 ] }, { "date": "2025-03-21", "close": 499.132629, "volume": 9964225, "typical_volume": 11160595.3, "trend": 535.335831, "fair_value": 534.857086, "relative_strength": -7.105417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.918089, "energy": 51.308573, "activity_lines": [ 493.77821, 499.862331, 504.556465, 513.463593 ] }, { "date": "2025-03-28", "close": 498.837158, "volume": 11007289, "typical_volume": 11213562.65, "trend": 531.154335, "fair_value": 534.726579, "relative_strength": -7.699989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.217399, "energy": 36.326833, "activity_lines": [ 495.550976, 498.697494, 503.764345, 511.10884 ] }, { "date": "2025-04-04", "close": 454.764191, "volume": 21017838, "typical_volume": 11729358.3, "trend": 525.266954, "fair_value": 534.224589, "relative_strength": -13.439735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.410274, "energy": 50.717837, "activity_lines": [ 482.773918, 489.869468, 498.892046, 506.180444 ] }, { "date": "2025-04-11", "close": 454.320984, "volume": 10811875, "typical_volume": 11856016.6, "trend": 518.825905, "fair_value": 533.726201, "relative_strength": -13.106444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.001112, "energy": 61.010187, "activity_lines": [ 471.920636, 482.033473, 494.194913, 501.603284 ] }, { "date": "2025-04-18", "close": 472.048676, "volume": 4601032, "typical_volume": 11558906.85, "trend": 512.758595, "fair_value": 533.317216, "relative_strength": -13.412564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.123659, "energy": 62.212634, "activity_lines": [ 469.241789, 478.648203, 491.428597, 498.585399 ] }, { "date": "2025-04-25", "close": 477.268524, "volume": 9841280, "typical_volume": 11443881.9, "trend": 507.993683, "fair_value": 532.961019, "relative_strength": -12.970523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.688848, "energy": 62.693288, "activity_lines": [ 469.724388, 477.067939, 489.383819, 496.295717 ] }, { "date": "2025-05-02", "close": 472.147156, "volume": 6676493, "typical_volume": 10837133.7, "trend": 505.03563, "fair_value": 532.853611, "relative_strength": -14.726047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.590273, "energy": 45.772034, "activity_lines": [ 469.957471, 475.188625, 487.035135, 493.983038 ] }, { "date": "2025-05-09", "close": 455.749054, "volume": 15353701, "typical_volume": 11056050.8, "trend": 501.583231, "fair_value": 532.702441, "relative_strength": -16.144827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.744784, "energy": 45.126327, "activity_lines": [ 466.503853, 470.85161, 483.281367, 490.803258 ] }, { "date": "2025-05-16", "close": 469.438782, "volume": 14064181, "typical_volume": 11340586.2, "trend": 498.569193, "fair_value": 532.62338, "relative_strength": -16.800544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.82243, "energy": 37.240185, "activity_lines": [ 467.547821, 469.550688, 481.01804, 488.729423 ] }, { "date": "2025-05-23", "close": 474.6586, "volume": 8865345, "typical_volume": 11198281.45, "trend": 496.797133, "fair_value": 532.612445, "relative_strength": -14.976407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.280699, "energy": 34.410925, "activity_lines": [ 469.323875, 469.541737, 479.39488, 487.186804 ] }, { "date": "2025-05-30", "close": 475.643494, "volume": 13771261, "typical_volume": 11119713.5, "trend": 494.932166, "fair_value": 532.508122, "relative_strength": -14.124818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.624603, "energy": 28.680585, "activity_lines": [ 471.254232, 470.052086, 478.066948, 485.822053 ] }, { "date": "2025-06-06", "close": 473.969177, "volume": 10892092, "typical_volume": 11013409.7, "trend": 493.282505, "fair_value": 532.464851, "relative_strength": -14.798291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.883973, "energy": 21.614983, "activity_lines": [ 472.734819, 470.685089, 476.743469, 484.469602 ] }, { "date": "2025-06-13", "close": 459.442322, "volume": 12632148, "typical_volume": 11292147.1, "trend": 491.916817, "fair_value": 532.43675, "relative_strength": -15.971266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.534745, "energy": 27.14016, "activity_lines": [ 469.251652, 469.12899, 474.246585, 482.286365 ] }, { "date": "2025-06-20", "close": 459.836273, "volume": 10429901, "typical_volume": 11033838.85, "trend": 490.403399, "fair_value": 532.256868, "relative_strength": -16.77086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.456441, "energy": 33.244726, "activity_lines": [ 465.653585, 467.559462, 472.045867, 480.216652 ] }, { "date": "2025-06-27", "close": 478.992035, "volume": 11305036, "typical_volume": 10692868.65, "trend": 489.063973, "fair_value": 532.190576, "relative_strength": -14.653291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.589371, "energy": 26.099011, "activity_lines": [ 469.080939, 469.372522, 471.964734, 479.480435 ] }, { "date": "2025-07-04", "close": 487.60965, "volume": 13064515, "typical_volume": 10963841.05, "trend": 488.12178, "fair_value": 531.979202, "relative_strength": -12.115083, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.064309, "energy": 12.532962, "activity_lines": [ 475.091935, 472.626178, 472.895437, 479.386608 ] }, { "date": "2025-07-11", "close": 522.818787, "volume": 22231146, "typical_volume": 11605175.85, "trend": 488.714345, "fair_value": 531.966225, "relative_strength": -4.240166, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.37012, "energy": 41.012945, "activity_lines": [ 492.041567, 482.093475, 477.295701, 481.625124 ] }, { "date": "2025-07-18", "close": 519.855774, "volume": 8127994, "typical_volume": 11564902.0, "trend": 489.54464, "fair_value": 531.745584, "relative_strength": -3.710611, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.003789, "energy": 63.304066, "activity_lines": [ 504.746887, 490.10074, 481.309658, 483.634249 ] }, { "date": "2025-07-25", "close": 508.664856, "volume": 10390937, "typical_volume": 11607237.7, "trend": 489.85089, "fair_value": 531.405117, "relative_strength": -4.906783, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.376001, "energy": 63.087107, "activity_lines": [ 509.694338, 494.907716, 484.095818, 484.867811 ] }, { "date": "2025-08-01", "close": 531.544067, "volume": 18088232, "typical_volume": 12156826.05, "trend": 490.337064, "fair_value": 531.24183, "relative_strength": 0.7606, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.952835, "energy": 74.604956, "activity_lines": [ 519.012954, 503.161346, 488.963971, 487.557694 ] }, { "date": "2025-08-08", "close": 504.586365, "volume": 7028923, "typical_volume": 12010060.95, "trend": 490.154452, "fair_value": 530.890632, "relative_strength": -3.176733, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.726314, "energy": 60.385706, "activity_lines": [ 515.8422, 505.479296, 491.082948, 488.477003 ] }, { "date": "2025-08-15", "close": 498.269714, "volume": 4030420, "typical_volume": 11661217.5, "trend": 489.493728, "fair_value": 530.464417, "relative_strength": -5.051078, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.34514, "energy": 32.432092, "activity_lines": [ 509.434114, 506.122529, 492.574369, 489.000569 ] }, { "date": "2025-08-22", "close": 513.240723, "volume": 25439203, "typical_volume": 11882285.75, "trend": 489.476485, "fair_value": 530.227882, "relative_strength": -2.71996, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 59.335551, "energy": 38.696668, "activity_lines": [ 509.65297, 509.045936, 495.494302, 490.532633 ] }, { "date": "2025-08-29", "close": 518.363647, "volume": 10064977, "typical_volume": 11844940.85, "trend": 489.360809, "fair_value": 530.032202, "relative_strength": 0.35384, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.567455, "energy": 33.868387, "activity_lines": [ 512.020471, 511.922631, 498.623673, 492.396321 ] }, { "date": "2025-09-05", "close": 543.829224, "volume": 25723381, "typical_volume": 12901058.3, "trend": 490.184267, "fair_value": 529.973868, "relative_strength": 4.27182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.987292, "energy": 46.058004, "activity_lines": [ 522.229911, 518.365297, 503.873372, 495.910412 ] }, { "date": "2025-09-12", "close": 536.020386, "volume": 7233074, "typical_volume": 12770648.0, "trend": 490.983797, "fair_value": 530.041188, "relative_strength": 1.637052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.99619, "energy": 57.391, "activity_lines": [ 529.017395, 522.209316, 508.03756, 498.867581 ] }, { "date": "2025-09-19", "close": 532.638306, "volume": 7489363, "typical_volume": 12811291.5, "trend": 492.03992, "fair_value": 529.950267, "relative_strength": 0.544869, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.042275, "energy": 62.27977, "activity_lines": [ 532.581918, 524.558217, 511.599875, 501.554969 ] }, { "date": "2025-09-26", "close": 497.125763, "volume": 13665206, "typical_volume": 12726866.75, "trend": 492.416216, "fair_value": 529.604575, "relative_strength": -3.285933, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.758898, "energy": 35.387467, "activity_lines": [ 522.017686, 520.271754, 511.491989, 501.883087 ] }, { "date": "2025-10-03", "close": 493.544647, "volume": 25809002, "typical_volume": 13314107.8, "trend": 492.59107, "fair_value": 529.438147, "relative_strength": -4.678253, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.747815, "energy": 14.106266, "activity_lines": [ 511.33408, 515.747453, 510.846013, 501.955889 ] }, { "date": "2025-10-10", "close": 487.12854, "volume": 15509078, "typical_volume": 13646294.45, "trend": 492.382983, "fair_value": 529.284845, "relative_strength": -7.102981, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.956977, "energy": 17.386707, "activity_lines": [ 500.166372, 510.331499, 509.474189, 501.603468 ] }, { "date": "2025-10-17", "close": 505.680603, "volume": 10358396, "typical_volume": 13475651.2, "trend": 492.601249, "fair_value": 529.209776, "relative_strength": -4.905347, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.000742, "energy": 19.746299, "activity_lines": [ 498.96273, 509.096203, 509.809847, 502.461379 ] }, { "date": "2025-10-24", "close": 505.78009, "volume": 8433188, "typical_volume": 13352706.0, "trend": 492.83268, "fair_value": 529.054579, "relative_strength": -5.005041, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.899388, "energy": 15.917007, "activity_lines": [ 499.814903, 507.8591, 510.011947, 503.311627 ] }, { "date": "2025-10-31", "close": 484.989807, "volume": 14691042, "typical_volume": 13455650.7, "trend": 493.840201, "fair_value": 528.710994, "relative_strength": -8.393622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.64174, "energy": 15.142225, "activity_lines": [ 495.527529, 502.705394, 508.082539, 502.805635 ] }, { "date": "2025-11-07", "close": 518.650024, "volume": 15511593, "typical_volume": 13709735.3, "trend": 495.984502, "fair_value": 528.610428, "relative_strength": -1.029552, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.705808, "energy": 9.775101, "activity_lines": [ 503.269291, 504.18538, 509.237212, 504.406269 ] }, { "date": "2025-11-14", "close": 525.0, "volume": 8650668, "typical_volume": 13577016.9, "trend": 497.749546, "fair_value": 528.579053, "relative_strength": -1.34058, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.420669, "energy": 20.549065, "activity_lines": [ 511.45402, 506.8147, 510.716579, 506.278236 ] }, { "date": "2025-11-21", "close": 515.650024, "volume": 11849894, "typical_volume": 13516285.85, "trend": 499.02893, "fair_value": 528.437891, "relative_strength": -3.563226, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.419659, "energy": 20.637173, "activity_lines": [ 513.997326, 508.086374, 511.086386, 507.433106 ] }, { "date": "2025-11-28", "close": 517.400024, "volume": 11153799, "typical_volume": 12962418.5, "trend": 500.537359, "fair_value": 528.093675, "relative_strength": -3.573821, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.576037, "energy": 27.669432, "activity_lines": [ 516.459338, 510.0466, 511.489334, 508.618338 ] }, { "date": "2025-12-05", "close": 510.100006, "volume": 8019940, "typical_volume": 12957015.8, "trend": 502.349057, "fair_value": 527.655599, "relative_strength": -4.74694, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.852511, "energy": 27.877654, "activity_lines": [ 515.713348, 510.95661, 511.222846, 509.235283 ] }, { "date": "2025-12-12", "close": 495.0, "volume": 6498054, "typical_volume": 12762371.65, "trend": 503.201098, "fair_value": 527.238393, "relative_strength": -6.950259, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.571337, "energy": 3.265141, "activity_lines": [ 508.26001, 508.885269, 509.564718, 508.76115 ] }, { "date": "2025-12-19", "close": 493.950012, "volume": 4955767, "typical_volume": 12105748.4, "trend": 503.844145, "fair_value": 526.900535, "relative_strength": -6.687324, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.176264, "energy": 16.561482, "activity_lines": [ 502.033343, 506.59656, 507.871663, 508.164306 ] }, { "date": "2025-12-26", "close": 488.200012, "volume": 3360917, "typical_volume": 11922348.1, "trend": 504.262695, "fair_value": 526.553065, "relative_strength": -7.84866, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.00127, "energy": 39.135777, "activity_lines": [ 495.96001, 503.138369, 505.810007, 507.155007 ] }, { "date": "2026-01-02", "close": 522.599976, "volume": 11628817, "typical_volume": 12302267.95, "trend": 505.883722, "fair_value": 526.479368, "relative_strength": -2.272092, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.54801, "energy": 10.589014, "activity_lines": [ 503.183331, 506.252547, 507.102569, 508.338057 ] }, { "date": "2026-01-09", "close": 522.400024, "volume": 13785761, "typical_volume": 11719595.85, "trend": 507.982312, "fair_value": 526.461053, "relative_strength": 0.280439, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.541852, "energy": 15.821597, "activity_lines": [ 509.993339, 509.024553, 508.260229, 509.403625 ] }, { "date": "2026-01-16", "close": 514.549988, "volume": 4642862, "typical_volume": 11448490.1, "trend": 509.806102, "fair_value": 526.254317, "relative_strength": -1.052917, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.310773, "energy": 13.454646, "activity_lines": [ 513.366667, 509.689095, 508.626651, 509.827346 ] }, { "date": "2026-01-23", "close": 519.0, "volume": 12332128, "typical_volume": 10778927.45, "trend": 511.139701, "fair_value": 526.100569, "relative_strength": 2.524407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.917048, "energy": 19.470862, "activity_lines": [ 516.919999, 511.237275, 509.435044, 510.420501 ] }, { "date": "2026-01-30", "close": 506.600006, "volume": 8876119, "typical_volume": 10861079.7, "trend": 511.772713, "fair_value": 526.042899, "relative_strength": -0.793366, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.516805, "energy": 11.223854, "activity_lines": [ 514.670001, 510.640002, 509.18072, 510.127617 ] }, { "date": "2026-02-06", "close": 508.299988, "volume": 7877922, "typical_volume": 10880507.65, "trend": 511.288753, "fair_value": 526.004178, "relative_strength": -1.694658, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.827553, "energy": 6.275956, "activity_lines": [ 511.759998, 510.516363, 509.228396, 509.903571 ] }, { "date": "2026-02-13", "close": 512.450012, "volume": 6350196, "typical_volume": 10514757.15, "trend": 511.041894, "fair_value": 525.979054, "relative_strength": 0.185883, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.555935, "energy": 2.213106, "activity_lines": [ 511.186668, 511.312729, 509.787209, 509.978491 ] }, { "date": "2026-02-20", "close": 509.700012, "volume": 8190399, "typical_volume": 9633827.0, "trend": 511.0764, "fair_value": 525.933825, "relative_strength": -0.547444, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.431197, "energy": 3.167485, "activity_lines": [ 510.360006, 511.566367, 510.011144, 509.891917 ] }, { "date": "2026-02-27", "close": 518.5, "volume": 8706089, "typical_volume": 9293677.55, "trend": 510.641597, "fair_value": 525.945626, "relative_strength": 2.881966, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.560569, "energy": 5.146905, "activity_lines": [ 512.790004, 513.15273, 510.996243, 510.370859 ] }, { "date": "2026-03-06", "close": 478.600006, "volume": 6003100, "typical_volume": 9075912.75, "trend": 509.775385, "fair_value": 525.731693, "relative_strength": -2.011194, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.647026, "energy": 36.828201, "activity_lines": [ 501.953339, 507.038185, 508.031955, 508.30366 ] }, { "date": "2026-03-13", "close": 453.5, "volume": 6217909, "typical_volume": 8965148.8, "trend": 508.283062, "fair_value": 525.318466, "relative_strength": -1.708168, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -77.961288, "energy": 68.176183, "activity_lines": [ 484.616671, 496.534549, 502.806146, 504.67299 ] }, { "date": "2026-03-20", "close": 430.700012, "volume": 11635268, "typical_volume": 8812360.1, "trend": 505.531705, "fair_value": 524.757537, "relative_strength": -6.253955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.09278, "energy": 83.008405, "activity_lines": [ 463.333339, 483.141823, 495.657862, 499.667632 ] }, { "date": "2026-03-27", "close": 419.600006, "volume": 9877457, "typical_volume": 8530653.3, "trend": 502.239583, "fair_value": 524.072816, "relative_strength": -7.236439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.812507, "energy": 90.274094, "activity_lines": [ 443.800006, 469.398187, 487.710957, 494.123651 ] }, { "date": "2026-04-03", "close": 417.25, "volume": 4634284, "typical_volume": 8329834.1, "trend": 498.020276, "fair_value": 523.490694, "relative_strength": -7.189788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.186599, "energy": 91.646836, "activity_lines": [ 429.490004, 456.953641, 480.011909, 488.640452 ] }, { "date": "2026-04-10", "close": 435.700012, "volume": 10538366, "typical_volume": 8264257.7, "trend": 494.676263, "fair_value": 523.019101, "relative_strength": -8.316431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.794296, "energy": 87.581782, "activity_lines": [ 428.080007, 449.713642, 474.5831, 484.61979 ] }, { "date": "2026-04-17", "close": 442.850006, "volume": 13889707, "typical_volume": 8401053.1, "trend": 491.68332, "fair_value": 522.605726, "relative_strength": -7.82696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.452581, "energy": 79.853366, "activity_lines": [ 431.91334, 445.062733, 470.215957, 481.276161 ] }, { "date": "2026-04-24", "close": 451.100006, "volume": 9977484, "typical_volume": 8498930.3, "trend": 490.149128, "fair_value": 522.197241, "relative_strength": -4.228613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.338704, "energy": 53.069077, "activity_lines": [ 439.206673, 443.101824, 466.989529, 478.657882 ] }, { "date": "2026-05-01", "close": 441.5, "volume": 3738615, "typical_volume": 8360958.35, "trend": 488.414307, "fair_value": 521.899998, "relative_strength": -6.565089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.283211, "energy": 39.672029, "activity_lines": [ 441.940004, 440.510914, 463.129766, 475.519229 ] }, { "date": "2026-05-08", "close": 487.700012, "volume": 21388355, "typical_volume": 9182587.75, "trend": 488.433356, "fair_value": 521.816235, "relative_strength": 2.330887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.473615, "energy": 20.38835, "activity_lines": [ 458.61334, 447.560006, 463.924767, 475.473145 ] }, { "date": "2026-05-15", "close": 467.700012, "volume": 9557802, "typical_volume": 9492432.0, "trend": 487.167336, "fair_value": 521.599622, "relative_strength": 0.245615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.117184, "energy": 23.956599, "activity_lines": [ 463.923342, 451.532735, 462.844768, 474.13551 ] }, { "date": "2026-05-22", "close": 451.049988, "volume": 6814816, "typical_volume": 9251731.95, "trend": 485.342999, "fair_value": 521.133843, "relative_strength": -3.624326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.625332, "energy": 22.278111, "activity_lines": [ 461.550002, 452.676368, 460.276671, 471.805359 ] }, { "date": "2026-05-29", "close": 443.399994, "volume": 16401752, "typical_volume": 9382531.5, "trend": 483.956672, "fair_value": 520.525514, "relative_strength": -4.532627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.045614, "energy": 23.2758, "activity_lines": [ 456.079999, 452.473638, 457.320718, 469.099359 ] }, { "date": "2026-06-05", "close": 424.149994, "volume": 1864100, "typical_volume": 9243593.4, "trend": 480.806671, "fair_value": 519.838686, "relative_strength": -7.897458, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.083141, "energy": 40.416262, "activity_lines": [ 444.706663, 448.54, 452.907622, 465.240863 ] }, { "date": "2026-06-12", "close": 420.939056, "volume": 2569834, "typical_volume": 8755478.7, "trend": 477.337973, "fair_value": 519.001536, "relative_strength": -9.518245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.962032, "energy": 64.246024, "activity_lines": [ 433.419682, 443.939828, 448.619198, 461.378436 ] }, { "date": "2026-06-19", "close": 418.076202, "volume": 1915071, "typical_volume": 8407426.3, "trend": 474.085512, "fair_value": 518.19279, "relative_strength": -11.516067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.656662, "energy": 76.40553, "activity_lines": [ 425.629146, 438.752063, 444.525079, 457.555096 ] }, { "date": "2026-06-26", "close": 418.471069, "volume": 0, "typical_volume": 8013530.2, "trend": 470.78788, "fair_value": 517.327123, "relative_strength": -11.479067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.51001, "energy": 79.339486, "activity_lines": [ 421.278487, 433.956526, 440.890108, 453.967068 ] }, { "date": "2026-07-03", "close": 438.65918, "volume": 2061060, "typical_volume": 7799073.4, "trend": 468.40652, "fair_value": 516.595513, "relative_strength": -7.932897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.829578, "energy": 65.279095, "activity_lines": [ 425.829126, 433.274807, 439.60557, 451.894248 ] }, { "date": "2026-07-10", "close": 437.820068, "volume": 10496281, "typical_volume": 7914367.5, "trend": 466.500522, "fair_value": 515.769966, "relative_strength": -7.621776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.602895, "energy": 40.550339, "activity_lines": [ 430.416115, 432.666719, 438.592503, 449.920929 ] }, { "date": "2026-07-17", "close": 427.200012, "volume": 6943195, "typical_volume": 7826222.8, "trend": 464.275522, "fair_value": 514.991836, "relative_strength": -10.045986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.83712, "energy": 32.670574, "activity_lines": [ 430.551747, 430.19462, 436.910287, 447.385412 ] }, { "date": "2026-07-24", "close": 423.200012, "volume": 6154589, "typical_volume": 7833797.25, "trend": 462.108855, "fair_value": 514.085405, "relative_strength": -8.521885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.477956, "energy": 30.839308, "activity_lines": [ 428.936649, 428.095248, 435.28188, 444.735379 ] }, { "date": "2026-07-31", "close": 421.700012, "volume": 14962603, "typical_volume": 8271031.95, "trend": 458.745523, "fair_value": 513.24402, "relative_strength": -10.76656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.583428, "energy": 36.889658, "activity_lines": [ 426.479964, 426.53224, 433.774426, 442.128357 ] }, { "date": "2026-08-07", "close": 410.0, "volume": 14732033, "typical_volume": 8425870.2, "trend": 454.998855, "fair_value": 512.368388, "relative_strength": -13.557621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.713549, "energy": 57.541764, "activity_lines": [ 419.908012, 423.375592, 431.304113, 438.983485 ] } ], "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." } } }