{ "ticker": { "uuid": "97829c13-fd09-4633-abf3-5b59293d12da", "symbol": "BAJAJELEC", "name": "Bajaj Electricals 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": 67.013, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -6.382, "architecture_energy": 12.744, "architecture_maturity": 100.0, "architecture_confidence": 51.576, "architecture_tenure": "Extended", "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": 62.16, "rotation_up": 34.79, "upward_expansion": 20.17, "deceleration": 43.86, "rotation_down": 14.04, "downward_expansion": 51.84 }, "activity_lines": [ 344.179521, 335.025856, 340.073934, 347.829527 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 371.149994, "trend_reference": 361.178013, "distance_from_trend": 0.02761, "trend_direction": "Weakening", "fair_value": 721.86514, "distance_from_fair_value": -0.485846, "fair_value_direction": "Weakening", "relative_strength": -12.673881, "relative_strength_direction": "Improving", "price_momentum": -0.100678, "excess_performance": -0.056969, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.02761, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.125463, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.485846, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.000925, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.126739, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.050211, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.100678, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.238812, "read": "Demand-led" } ], "volume": { "latest": 15988938, "relative_activity": 11.00655, "balance": 3.238812, "dry_up": 2.986648, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.066291, "annualized_volatility": 0.373228, "from_high_reference": -0.432319, "from_low_reference": 0.23392 }, "levels": { "trend_reference": 361.178013, "fair_value_reference": 721.86514, "structural_low": 300.789377, "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": 33, "median_return": -0.018823, "positive_rate": 0.393939, "directional_follow_through": 0.606061, "median_excess_return": -0.01763, "regime_survival": 0.818182, "best_return": 0.302514, "worst_return": -0.206135, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.098676, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.046493, "regime_survival": 0.545455, "best_return": 0.24435, "worst_return": -0.234799, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.055672, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.133537, "regime_survival": 0.714286, "best_return": 0.116613, "worst_return": -0.396813, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.216846, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.381269, "regime_survival": 0.75, "best_return": 0.016472, "worst_return": -0.405206, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-06-23", "end": "2023-08-11", "tenure": "Developing", "return": -0.0129, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-18", "end": "2023-11-03", "tenure": "Developing", "return": -0.022331, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-10", "end": "2024-02-02", "tenure": "Established", "return": 0.048629, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-09", "end": "2024-03-15", "tenure": "Developing", "return": -0.086087, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-22", "end": "2024-06-07", "tenure": "Developing", "return": 0.048682, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": 0.018349, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-28", "end": "2024-08-09", "tenure": "Developing", "return": -0.071299, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-10-11", "tenure": "Developing", "return": -0.085891, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-10-25", "tenure": "New", "return": -0.018312, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-05-30", "tenure": "Extended", "return": -0.212996, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-08-15", "tenure": "Developing", "return": -0.131873, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": 0.009501, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-10", "tenure": "New", "return": -0.00046, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-17", "end": "2026-08-07", "tenure": "Extended", "return": -0.312367, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1058.829712, "volume": 214359, "typical_volume": 546707.65, "trend": 1073.737779, "fair_value": 970.578743, "relative_strength": -7.566552, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.159844, "energy": 13.710322, "activity_lines": [ 1112.781413, 1130.805451, 1118.276565, 1096.165009 ] }, { "date": "2023-08-25", "close": 1055.887451, "volume": 499141, "typical_volume": 564792.25, "trend": 1074.750454, "fair_value": 974.233432, "relative_strength": -7.308207, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.907212, "energy": 17.301022, "activity_lines": [ 1087.695996, 1115.722785, 1114.702062, 1095.013375 ] }, { "date": "2023-09-01", "close": 1099.976074, "volume": 623706, "typical_volume": 591820.25, "trend": 1075.603705, "fair_value": 978.370078, "relative_strength": -4.021764, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.716506, "energy": 19.001435, "activity_lines": [ 1085.068115, 1110.219507, 1114.946428, 1096.640835 ] }, { "date": "2023-09-08", "close": 1107.822388, "volume": 1050453, "typical_volume": 606293.2, "trend": 1075.557994, "fair_value": 982.730175, "relative_strength": -4.996927, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.384044, "energy": 16.765664, "activity_lines": [ 1088.701709, 1106.518601, 1115.331888, 1098.719459 ] }, { "date": "2023-09-15", "close": 1119.212769, "volume": 492035, "typical_volume": 618669.0, "trend": 1078.026792, "fair_value": 986.965737, "relative_strength": -5.664568, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.666602, "energy": 10.184162, "activity_lines": [ 1099.859082, 1106.264229, 1116.325281, 1101.535897 ] }, { "date": "2023-09-22", "close": 1082.435059, "volume": 104249, "typical_volume": 567793.5, "trend": 1079.348794, "fair_value": 990.971791, "relative_strength": -6.274771, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.648427, "energy": 4.775483, "activity_lines": [ 1097.888876, 1099.758601, 1113.353638, 1101.820301 ] }, { "date": "2023-09-29", "close": 1094.297241, "volume": 120046, "typical_volume": 533273.75, "trend": 1081.60611, "fair_value": 995.048233, "relative_strength": -4.770217, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.61641, "energy": 9.399525, "activity_lines": [ 1098.29904, 1096.520785, 1111.494196, 1102.784717 ] }, { "date": "2023-10-06", "close": 1052.903687, "volume": 101957, "typical_volume": 521035.2, "trend": 1083.046826, "fair_value": 998.695696, "relative_strength": -8.106589, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.998213, "energy": 11.67895, "activity_lines": [ 1082.3507, 1087.175235, 1105.67878, 1100.932948 ] }, { "date": "2023-10-13", "close": 1065.758667, "volume": 117791, "typical_volume": 468986.45, "trend": 1085.161174, "fair_value": 1002.471083, "relative_strength": -7.198471, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.510315, "energy": 20.459107, "activity_lines": [ 1073.825513, 1082.01719, 1101.308043, 1099.817583 ] }, { "date": "2023-10-20", "close": 1066.453369, "volume": 1011858, "typical_volume": 499474.1, "trend": 1086.411235, "fair_value": 1006.255684, "relative_strength": -5.932786, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.49013, "energy": 26.256144, "activity_lines": [ 1068.336141, 1078.766699, 1097.065571, 1098.610627 ] }, { "date": "2023-10-27", "close": 1036.525024, "volume": 122083, "typical_volume": 493143.35, "trend": 1088.322209, "fair_value": 1009.999576, "relative_strength": -5.998266, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.561913, "energy": 36.768041, "activity_lines": [ 1056.387947, 1070.797132, 1090.004092, 1095.392162 ] }, { "date": "2023-11-03", "close": 1035.184937, "volume": 104303, "typical_volume": 449772.2, "trend": 1090.292462, "fair_value": 1013.663175, "relative_strength": -6.846831, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.402177, "energy": 34.883992, "activity_lines": [ 1047.053727, 1062.989453, 1083.023168, 1091.963951 ] }, { "date": "2023-11-10", "close": 1001.236389, "volume": 359977, "typical_volume": 429679.95, "trend": 1091.244358, "fair_value": 1016.861621, "relative_strength": -10.590957, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.952954, "energy": 53.127479, "activity_lines": [ 1030.344145, 1049.38572, 1073.317061, 1086.218398 ] }, { "date": "2023-11-17", "close": 981.730835, "volume": 317574, "typical_volume": 414638.4, "trend": 1090.37936, "fair_value": 1019.774966, "relative_strength": -13.508233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.908804, "energy": 61.730159, "activity_lines": [ 1010.577197, 1034.030789, 1062.321887, 1079.153009 ] }, { "date": "2023-11-24", "close": 984.956909, "volume": 258124, "typical_volume": 400019.65, "trend": 1089.140944, "fair_value": 1022.681918, "relative_strength": -13.331202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.363105, "energy": 62.617916, "activity_lines": [ 997.487463, 1021.554992, 1052.594659, 1072.351561 ] }, { "date": "2023-12-01", "close": 989.969788, "volume": 262059, "typical_volume": 392465.15, "trend": 1086.181482, "fair_value": 1025.402923, "relative_strength": -14.742598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.765373, "energy": 63.331148, "activity_lines": [ 991.501786, 1012.431642, 1044.098247, 1065.953422 ] }, { "date": "2023-12-08", "close": 1008.333862, "volume": 277908, "typical_volume": 349048.2, "trend": 1083.412154, "fair_value": 1028.282406, "relative_strength": -15.850569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.376128, "energy": 53.409671, "activity_lines": [ 994.74115, 1008.328401, 1038.082095, 1060.930995 ] }, { "date": "2023-12-15", "close": 1001.980896, "volume": 207545, "typical_volume": 343012.85, "trend": 1080.171958, "fair_value": 1030.939977, "relative_strength": -17.938619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.301179, "energy": 50.979916, "activity_lines": [ 997.65293, 1004.633047, 1032.241725, 1055.677365 ] }, { "date": "2023-12-22", "close": 1001.881592, "volume": 187011, "typical_volume": 342031.95, "trend": 1077.608002, "fair_value": 1033.726035, "relative_strength": -17.168471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.958827, "energy": 37.332452, "activity_lines": [ 1000.481974, 1001.845506, 1027.118973, 1050.626374 ] }, { "date": "2023-12-29", "close": 981.03595, "volume": 332200, "typical_volume": 338218.95, "trend": 1074.541573, "fair_value": 1036.380251, "relative_strength": -19.847109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.65244, "energy": 41.175733, "activity_lines": [ 995.019088, 996.429249, 1020.781614, 1044.395919 ] }, { "date": "2024-01-05", "close": 1018.806274, "volume": 457075, "typical_volume": 350354.75, "trend": 1072.493677, "fair_value": 1038.951993, "relative_strength": -16.240979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.208383, "energy": 29.296446, "activity_lines": [ 1002.407707, 999.433368, 1018.63739, 1040.800093 ] }, { "date": "2024-01-12", "close": 1031.164917, "volume": 321451, "typical_volume": 341470.25, "trend": 1068.803589, "fair_value": 1041.14716, "relative_strength": -15.584077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.588939, "energy": 21.867128, "activity_lines": [ 1011.993441, 1005.006673, 1017.860767, 1038.133721 ] }, { "date": "2024-01-19", "close": 1025.754761, "volume": 440247, "typical_volume": 332297.3, "trend": 1065.640633, "fair_value": 1043.197565, "relative_strength": -14.640475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.981923, "energy": 16.563512, "activity_lines": [ 1018.253719, 1009.669404, 1016.686617, 1035.356378 ] }, { "date": "2024-01-26", "close": 1027.591187, "volume": 127322, "typical_volume": 286140.75, "trend": 1060.444409, "fair_value": 1045.469789, "relative_strength": -13.102622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.156157, "energy": 19.054994, "activity_lines": [ 1023.541215, 1014.220242, 1016.0408, 1032.901575 ] }, { "date": "2024-02-02", "close": 1049.925781, "volume": 285235, "typical_volume": 275800.75, "trend": 1057.336243, "fair_value": 1046.713559, "relative_strength": -12.883145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.407136, "energy": 12.777298, "activity_lines": [ 1034.559603, 1021.99809, 1017.904141, 1032.222954 ] }, { "date": "2024-02-09", "close": 1009.524963, "volume": 671287, "typical_volume": 304152.65, "trend": 1052.868976, "fair_value": 1046.823946, "relative_strength": -15.496445, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.270821, "energy": 13.021795, "activity_lines": [ 1027.518396, 1021.249083, 1016.249722, 1029.138355 ] }, { "date": "2024-02-16", "close": 1012.800781, "volume": 160595, "typical_volume": 306180.1, "trend": 1047.552089, "fair_value": 1047.375723, "relative_strength": -15.85267, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.060287, "energy": 10.10754, "activity_lines": [ 1022.187882, 1020.740131, 1015.254478, 1026.55331 ] }, { "date": "2024-02-23", "close": 996.620544, "volume": 136618, "typical_volume": 307913.15, "trend": 1042.283887, "fair_value": 1048.06239, "relative_strength": -17.406617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.045277, "energy": 19.864383, "activity_lines": [ 1012.688232, 1017.208101, 1013.106336, 1023.267404 ] }, { "date": "2024-03-01", "close": 1012.254822, "volume": 280753, "typical_volume": 316061.25, "trend": 1037.234808, "fair_value": 1048.394669, "relative_strength": -16.197659, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.506114, "energy": 21.378973, "activity_lines": [ 1010.342289, 1016.616128, 1012.715189, 1021.330045 ] }, { "date": "2024-03-08", "close": 987.438538, "volume": 294817, "typical_volume": 280209.2, "trend": 1033.276506, "fair_value": 1048.622614, "relative_strength": -18.405975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.951171, "energy": 30.693451, "activity_lines": [ 1000.746676, 1011.323499, 1010.215366, 1018.117382 ] }, { "date": "2024-03-15", "close": 922.618469, "volume": 356597, "typical_volume": 291934.9, "trend": 1028.736131, "fair_value": 1049.055964, "relative_strength": -21.66627, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.286978, "energy": 61.941912, "activity_lines": [ 973.710189, 994.128992, 1001.918464, 1010.978154 ] }, { "date": "2024-03-22", "close": 920.63324, "volume": 325109, "typical_volume": 302975.2, "trend": 1024.227657, "fair_value": 1049.295996, "relative_strength": -21.556864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.654902, "energy": 69.742364, "activity_lines": [ 951.805725, 978.322403, 993.974905, 1004.003774 ] }, { "date": "2024-03-29", "close": 900.97876, "volume": 170409, "typical_volume": 293496.8, "trend": 1017.594413, "fair_value": 1049.165775, "relative_strength": -23.578721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.966538, "energy": 77.344388, "activity_lines": [ 929.494271, 960.95194, 984.704975, 996.052232 ] }, { "date": "2024-04-05", "close": 988.282288, "volume": 762179, "typical_volume": 315727.05, "trend": 1013.609743, "fair_value": 1049.17599, "relative_strength": -16.517524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.583501, "energy": 60.311858, "activity_lines": [ 942.660112, 961.7235, 984.227084, 994.161127 ] }, { "date": "2024-04-12", "close": 956.368591, "volume": 411322, "typical_volume": 323386.95, "trend": 1008.181604, "fair_value": 1048.525238, "relative_strength": -18.875081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.579949, "energy": 37.681798, "activity_lines": [ 946.786222, 957.407277, 980.678596, 990.46815 ] }, { "date": "2024-04-19", "close": 940.089172, "volume": 414373, "typical_volume": 331002.65, "trend": 1003.436741, "fair_value": 1047.791552, "relative_strength": -18.474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.499484, "energy": 33.617135, "activity_lines": [ 947.55719, 951.832199, 975.715822, 986.07509 ] }, { "date": "2024-04-26", "close": 931.403442, "volume": 524817, "typical_volume": 343348.1, "trend": 998.006948, "fair_value": 1046.913231, "relative_strength": -19.76501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.509033, "energy": 29.029221, "activity_lines": [ 944.2682, 945.940366, 970.163362, 981.42778 ] }, { "date": "2024-05-03", "close": 943.563354, "volume": 261836, "typical_volume": 346062.65, "trend": 994.36227, "fair_value": 1046.332722, "relative_strength": -18.382482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.367688, "energy": 26.966415, "activity_lines": [ 944.314502, 943.739379, 966.135324, 977.91529 ] }, { "date": "2024-05-10", "close": 920.980652, "volume": 793288, "typical_volume": 376376.5, "trend": 989.536336, "fair_value": 1045.600611, "relative_strength": -18.27153, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.847842, "energy": 36.223543, "activity_lines": [ 933.994262, 938.397121, 960.234732, 973.180992 ] }, { "date": "2024-05-17", "close": 938.848328, "volume": 1463612, "typical_volume": 432947.1, "trend": 985.282835, "fair_value": 1044.859268, "relative_strength": -17.633295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.755816, "energy": 31.898554, "activity_lines": [ 934.116691, 937.963063, 956.421066, 969.910798 ] }, { "date": "2024-05-24", "close": 936.267456, "volume": 729675, "typical_volume": 446577.1, "trend": 981.940916, "fair_value": 1044.414667, "relative_strength": -19.078762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.235628, "energy": 29.379097, "activity_lines": [ 934.546847, 937.943213, 952.562496, 966.748516 ] }, { "date": "2024-05-31", "close": 914.578003, "volume": 538593, "typical_volume": 457434.2, "trend": 977.920685, "fair_value": 1043.966699, "relative_strength": -18.922109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.796921, "energy": 34.111846, "activity_lines": [ 928.001965, 933.731663, 947.031305, 962.402521 ] }, { "date": "2024-06-07", "close": 965.451294, "volume": 1364442, "typical_volume": 503643.95, "trend": 976.727848, "fair_value": 1043.905238, "relative_strength": -16.66724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.266364, "energy": 16.788967, "activity_lines": [ 939.536544, 938.879897, 946.900366, 961.598044 ] }, { "date": "2024-06-14", "close": 1033.298828, "volume": 456719, "typical_volume": 520113.8, "trend": 978.446781, "fair_value": 1044.611322, "relative_strength": -10.905428, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.846384, "energy": 9.618842, "activity_lines": [ 972.227771, 955.191819, 953.518256, 965.247785 ] }, { "date": "2024-06-21", "close": 1052.258667, "volume": 415564, "typical_volume": 526630.25, "trend": 980.690173, "fair_value": 1045.139641, "relative_strength": -8.866469, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.335796, "energy": 31.286714, "activity_lines": [ 1003.751066, 974.132502, 961.914666, 970.009842 ] }, { "date": "2024-06-28", "close": 1048.883667, "volume": 211529, "typical_volume": 503642.35, "trend": 982.653969, "fair_value": 1045.637994, "relative_strength": -10.455851, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.952039, "energy": 44.887508, "activity_lines": [ 1026.588672, 990.716092, 969.978538, 974.409422 ] }, { "date": "2024-07-05", "close": 1093.503174, "volume": 363533, "typical_volume": 513789.25, "trend": 985.492946, "fair_value": 1046.482171, "relative_strength": -7.330953, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.185714, "energy": 69.609533, "activity_lines": [ 1056.791699, 1013.434239, 982.104464, 981.560984 ] }, { "date": "2024-07-12", "close": 1056.179565, "volume": 253225, "typical_volume": 519619.6, "trend": 987.299569, "fair_value": 1047.095425, "relative_strength": -10.6015, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.502726, "energy": 65.065255, "activity_lines": [ 1062.625179, 1026.419006, 990.291464, 986.121411 ] }, { "date": "2024-07-19", "close": 988.585693, "volume": 201107, "typical_volume": 515637.3, "trend": 986.856372, "fair_value": 1046.757406, "relative_strength": -15.780286, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.561611, "energy": 43.563628, "activity_lines": [ 1039.878817, 1025.066412, 991.757338, 986.204387 ] }, { "date": "2024-07-26", "close": 999.188843, "volume": 191329, "typical_volume": 510462.9, "trend": 987.461468, "fair_value": 1046.301705, "relative_strength": -15.287582, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.303334, "energy": 19.073592, "activity_lines": [ 1023.647713, 1024.41248, 994.345746, 987.00003 ] }, { "date": "2024-08-02", "close": 991.522766, "volume": 457151, "typical_volume": 515490.6, "trend": 986.552018, "fair_value": 1045.906052, "relative_strength": -14.866484, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 34.68778, "energy": 19.447998, "activity_lines": [ 1008.399239, 1021.267616, 996.148098, 987.262049 ] }, { "date": "2024-08-09", "close": 974.09967, "volume": 407201, "typical_volume": 519595.2, "trend": 984.649843, "fair_value": 1045.882475, "relative_strength": -14.569049, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 21.199591, "energy": 20.196351, "activity_lines": [ 991.167126, 1013.950274, 995.962991, 986.458672 ] }, { "date": "2024-08-16", "close": 981.218201, "volume": 411968, "typical_volume": 531673.15, "trend": 983.165291, "fair_value": 1046.002712, "relative_strength": -14.028961, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.517833, "energy": 18.457752, "activity_lines": [ 984.268091, 1006.844998, 996.201238, 986.237276 ] }, { "date": "2024-08-23", "close": 975.14502, "volume": 1186700, "typical_volume": 552899.2, "trend": 981.417086, "fair_value": 1045.23163, "relative_strength": -14.986015, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.143879, "energy": 10.842147, "activity_lines": [ 980.342086, 998.348837, 995.478994, 985.719839 ] }, { "date": "2024-08-30", "close": 955.432068, "volume": 412958, "typical_volume": 552981.0, "trend": 978.267295, "fair_value": 1044.193457, "relative_strength": -17.423044, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.560284, "energy": 17.684268, "activity_lines": [ 970.741142, 987.325845, 992.941884, 984.043386 ] }, { "date": "2024-09-06", "close": 999.487549, "volume": 387551, "typical_volume": 551639.9, "trend": 977.932715, "fair_value": 1042.719483, "relative_strength": -11.700863, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.042917, "energy": 11.79379, "activity_lines": [ 978.742477, 986.073423, 994.604994, 985.412435 ] }, { "date": "2024-09-13", "close": 983.159607, "volume": 541095, "typical_volume": 552453.8, "trend": 976.944676, "fair_value": 1040.151001, "relative_strength": -14.268113, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.347028, "energy": 9.522495, "activity_lines": [ 980.770178, 982.750396, 994.430213, 985.749654 ] }, { "date": "2024-09-20", "close": 982.26355, "volume": 242070, "typical_volume": 551465.5, "trend": 976.466109, "fair_value": 1037.690724, "relative_strength": -15.178392, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.538596, "energy": 11.461054, "activity_lines": [ 981.895199, 981.270697, 993.923635, 986.092807 ] }, { "date": "2024-09-27", "close": 977.036621, "volume": 321949, "typical_volume": 527898.55, "trend": 975.292169, "fair_value": 1036.177262, "relative_strength": -16.219932, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.462488, "energy": 9.885214, "activity_lines": [ 981.208219, 980.184574, 992.734967, 986.129614 ] }, { "date": "2024-10-04", "close": 924.8172, "volume": 197183, "typical_volume": 464577.1, "trend": 973.204791, "fair_value": 1034.777123, "relative_strength": -16.407315, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.171325, "energy": 24.685415, "activity_lines": [ 962.98866, 969.813994, 986.306088, 982.873164 ] }, { "date": "2024-10-11", "close": 896.940308, "volume": 217110, "typical_volume": 438948.85, "trend": 972.348853, "fair_value": 1032.940338, "relative_strength": -18.121626, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.363349, "energy": 49.194316, "activity_lines": [ 937.517794, 955.7271, 977.289082, 977.952875 ] }, { "date": "2024-10-18", "close": 856.31958, "volume": 281836, "typical_volume": 426111.0, "trend": 970.205064, "fair_value": 1031.534, "relative_strength": -20.784778, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.022332, "energy": 68.120153, "activity_lines": [ 905.343168, 935.9743, 964.590708, 970.467116 ] }, { "date": "2024-10-25", "close": 840.638794, "volume": 143042, "typical_volume": 365041.0, "trend": 968.193732, "fair_value": 1030.343404, "relative_strength": -19.369533, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.540936, "energy": 84.042349, "activity_lines": [ 876.397616, 915.511904, 950.676346, 962.108001 ] }, { "date": "2024-11-01", "close": 868.714844, "volume": 92180, "typical_volume": 346814.05, "trend": 964.20815, "fair_value": 1029.301842, "relative_strength": -16.425959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.483053, "energy": 78.036171, "activity_lines": [ 866.252397, 902.710234, 940.030239, 955.690009 ] }, { "date": "2024-11-08", "close": 874.638733, "volume": 745433, "typical_volume": 363307.5, "trend": 961.483822, "fair_value": 1028.42083, "relative_strength": -14.724399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.282702, "energy": 73.534743, "activity_lines": [ 865.303259, 892.920729, 930.732045, 949.911337 ] }, { "date": "2024-11-15", "close": 778.861511, "volume": 155444, "typical_volume": 360503.25, "trend": 956.109566, "fair_value": 1027.02672, "relative_strength": -21.484202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.326488, "energy": 79.660881, "activity_lines": [ 835.773612, 867.186153, 913.15802, 938.129252 ] }, { "date": "2024-11-22", "close": 747.350708, "volume": 629699, "typical_volume": 373811.55, "trend": 949.974475, "fair_value": 1025.692433, "relative_strength": -25.209924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.175518, "energy": 83.065227, "activity_lines": [ 803.612284, 839.733723, 893.868786, 924.660939 ] }, { "date": "2024-11-29", "close": 763.778137, "volume": 223446, "typical_volume": 372322.6, "trend": 943.981635, "fair_value": 1024.425666, "relative_strength": -23.671214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.768242, "energy": 84.650843, "activity_lines": [ 784.191357, 819.555532, 877.792414, 912.648272 ] }, { "date": "2024-12-06", "close": 796.633118, "volume": 202303, "typical_volume": 372382.4, "trend": 939.836717, "fair_value": 1022.839926, "relative_strength": -21.576709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.348645, "energy": 81.853583, "activity_lines": [ 780.846134, 809.323436, 866.237476, 903.141916 ] }, { "date": "2024-12-13", "close": 813.110352, "volume": 563645, "typical_volume": 390998.2, "trend": 935.645451, "fair_value": 1020.24501, "relative_strength": -19.726978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.697352, "energy": 62.808566, "activity_lines": [ 787.798771, 805.367265, 857.165858, 894.966021 ] }, { "date": "2024-12-20", "close": 770.79718, "volume": 95928, "typical_volume": 372937.05, "trend": 930.129775, "fair_value": 1017.528211, "relative_strength": -19.555864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.032024, "energy": 55.448849, "activity_lines": [ 784.74891, 795.748824, 844.950502, 884.330649 ] }, { "date": "2024-12-27", "close": 754.767883, "volume": 66689, "typical_volume": 355911.45, "trend": 924.802771, "fair_value": 1014.724725, "relative_strength": -21.476071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.185871, "energy": 53.726973, "activity_lines": [ 776.893571, 785.509476, 832.25962, 873.016978 ] }, { "date": "2025-01-03", "close": 774.281799, "volume": 98305, "typical_volume": 340228.3, "trend": 918.430455, "fair_value": 1012.104939, "relative_strength": -19.525523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.848935, "energy": 48.61156, "activity_lines": [ 775.048393, 780.664507, 822.471644, 863.305948 ] }, { "date": "2025-01-10", "close": 756.908447, "volume": 103096, "typical_volume": 286048.1, "trend": 909.217442, "fair_value": 1009.66089, "relative_strength": -18.830446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.0706, "energy": 51.162603, "activity_lines": [ 766.711853, 773.867238, 812.014475, 852.885173 ] }, { "date": "2025-01-17", "close": 717.482544, "volume": 112852, "typical_volume": 271042.8, "trend": 898.058238, "fair_value": 1007.132804, "relative_strength": -21.676209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.227506, "energy": 57.313125, "activity_lines": [ 747.881657, 761.934467, 798.841679, 840.51518 ] }, { "date": "2025-01-24", "close": 663.172241, "volume": 262016, "typical_volume": 264766.05, "trend": 885.20119, "fair_value": 1004.571051, "relative_strength": -26.562782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.75128, "energy": 70.544286, "activity_lines": [ 717.323214, 742.98448, 781.629566, 825.361245 ] }, { "date": "2025-01-31", "close": 697.52063, "volume": 126115, "typical_volume": 244017.05, "trend": 872.001772, "fair_value": 1001.771302, "relative_strength": -23.434934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.98553, "energy": 73.127496, "activity_lines": [ 705.389229, 732.383097, 769.29023, 813.252821 ] }, { "date": "2025-02-07", "close": 723.306824, "volume": 326715, "typical_volume": 248249.3, "trend": 860.906014, "fair_value": 999.471856, "relative_strength": -20.158298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.014763, "energy": 68.467909, "activity_lines": [ 705.867127, 727.376113, 760.766908, 803.659599 ] }, { "date": "2025-02-14", "close": 674.771057, "volume": 93765, "typical_volume": 236840.1, "trend": 850.445526, "fair_value": 996.749416, "relative_strength": -22.829397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.592854, "energy": 71.903783, "activity_lines": [ 693.564766, 714.280287, 748.854259, 791.650892 ] }, { "date": "2025-02-21", "close": 667.055115, "volume": 1141532, "typical_volume": 284057.55, "trend": 839.374402, "fair_value": 994.342569, "relative_strength": -22.656918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.792974, "energy": 56.988658, "activity_lines": [ 684.166252, 701.997236, 737.646118, 779.819253 ] }, { "date": "2025-02-28", "close": 600.698059, "volume": 257514, "typical_volume": 286077.75, "trend": 826.346912, "fair_value": 991.815907, "relative_strength": -27.569164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.9662, "energy": 64.692515, "activity_lines": [ 656.010547, 680.304815, 721.345696, 764.420779 ] }, { "date": "2025-03-07", "close": 603.983582, "volume": 252669, "typical_volume": 284619.4, "trend": 814.009709, "fair_value": 989.581939, "relative_strength": -27.921489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.151724, "energy": 73.938262, "activity_lines": [ 633.114962, 662.302474, 706.768858, 750.074758 ] }, { "date": "2025-03-14", "close": 563.362915, "volume": 208213, "typical_volume": 287877.95, "trend": 800.081199, "fair_value": 986.872179, "relative_strength": -31.711278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.789269, "energy": 84.635834, "activity_lines": [ 602.914958, 639.656089, 689.524985, 733.903997 ] }, { "date": "2025-03-21", "close": 594.575134, "volume": 335179, "typical_volume": 300027.9, "trend": 787.395536, "fair_value": 984.497571, "relative_strength": -30.280244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.874171, "energy": 80.15114, "activity_lines": [ 593.781954, 626.519542, 676.574066, 720.645541 ] }, { "date": "2025-03-28", "close": 541.608948, "volume": 657547, "typical_volume": 295633.6, "trend": 773.601432, "fair_value": 981.549884, "relative_strength": -36.366741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.723594, "energy": 77.867288, "activity_lines": [ 572.33995, 606.704295, 659.884176, 704.788342 ] }, { "date": "2025-04-04", "close": 536.879822, "volume": 492862, "typical_volume": 312504.5, "trend": 758.181175, "fair_value": 978.491553, "relative_strength": -34.517109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.641325, "energy": 75.24864, "activity_lines": [ 557.684648, 589.226908, 644.329749, 689.51598 ] }, { "date": "2025-04-11", "close": 507.658813, "volume": 365591, "typical_volume": 299299.1, "trend": 742.331148, "fair_value": 974.965348, "relative_strength": -37.192677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.644121, "energy": 67.971411, "activity_lines": [ 537.543559, 568.732836, 627.144662, 673.353247 ] }, { "date": "2025-04-18", "close": 541.658691, "volume": 985330, "typical_volume": 337393.3, "trend": 727.64432, "fair_value": 971.945089, "relative_strength": -35.165669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.796469, "energy": 61.499677, "activity_lines": [ 535.157414, 557.872593, 614.339049, 660.406637 ] }, { "date": "2025-04-25", "close": 551.166748, "volume": 518049, "typical_volume": 353180.6, "trend": 713.448657, "fair_value": 968.946507, "relative_strength": -33.866785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.532256, "energy": 57.902282, "activity_lines": [ 537.387569, 552.043781, 603.496676, 649.020987 ] }, { "date": "2025-05-02", "close": 533.743652, "volume": 201751, "typical_volume": 335085.9, "trend": 700.412872, "fair_value": 965.866585, "relative_strength": -36.05432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.152204, "energy": 55.709714, "activity_lines": [ 536.703918, 545.294484, 592.163849, 637.427115 ] }, { "date": "2025-05-09", "close": 527.570923, "volume": 194716, "typical_volume": 340025.3, "trend": 688.100559, "fair_value": 963.859512, "relative_strength": -35.182867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.107004, "energy": 51.502971, "activity_lines": [ 534.487044, 539.846718, 581.57346, 626.276022 ] }, { "date": "2025-05-16", "close": 669.145874, "volume": 3602021, "typical_volume": 516791.9, "trend": 681.861436, "fair_value": 962.511246, "relative_strength": -20.434634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.719947, "energy": 19.111152, "activity_lines": [ 580.082414, 561.469437, 585.62462, 625.053139 ] }, { "date": "2025-05-23", "close": 662.276245, "volume": 543229, "typical_volume": 539038.1, "trend": 675.916018, "fair_value": 960.883012, "relative_strength": -20.077072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.547583, "energy": 18.624048, "activity_lines": [ 612.622103, 580.658363, 589.429254, 623.789578 ] }, { "date": "2025-05-30", "close": 683.681763, "volume": 531087, "typical_volume": 560437.65, "trend": 669.748248, "fair_value": 959.376523, "relative_strength": -16.527921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 11.400523, "energy": 29.003538, "activity_lines": [ 644.255794, 601.940777, 595.805868, 624.290594 ] }, { "date": "2025-06-06", "close": 650.826782, "volume": 199536, "typical_volume": 564771.85, "trend": 662.28785, "fair_value": 957.830795, "relative_strength": -20.629849, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 0.668137, "energy": 30.169041, "activity_lines": [ 656.103491, 615.629438, 599.402135, 623.069854 ] }, { "date": "2025-06-13", "close": 654.112305, "volume": 251112, "typical_volume": 564226.65, "trend": 658.129543, "fair_value": 956.650058, "relative_strength": -18.471121, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.502484, "energy": 38.24921, "activity_lines": [ 661.24082, 627.929688, 603.628718, 622.5424 ] }, { "date": "2025-06-20", "close": 665.810669, "volume": 324770, "typical_volume": 574159.4, "trend": 655.411542, "fair_value": 955.462792, "relative_strength": -17.420903, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.842269, "energy": 45.144758, "activity_lines": [ 661.841512, 640.225413, 609.012572, 623.037956 ] }, { "date": "2025-06-27", "close": 682.088745, "volume": 420132, "typical_volume": 578830.25, "trend": 652.688562, "fair_value": 953.637565, "relative_strength": -16.279186, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.614428, "energy": 41.001022, "activity_lines": [ 668.090576, 652.6053, 616.09772, 624.759066 ] }, { "date": "2025-07-04", "close": 686.618774, "volume": 565960, "typical_volume": 602440.0, "trend": 649.021417, "fair_value": 951.375167, "relative_strength": -14.203974, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.736936, "energy": 32.018031, "activity_lines": [ 674.528817, 663.255555, 623.810575, 626.948112 ] }, { "date": "2025-07-11", "close": 665.01416, "volume": 168821, "typical_volume": 553804.45, "trend": 644.084877, "fair_value": 948.638677, "relative_strength": -15.009019, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.159862, "energy": 31.039789, "activity_lines": [ 673.569718, 667.514935, 629.409431, 627.979902 ] }, { "date": "2025-07-18", "close": 675.0, "volume": 151028, "typical_volume": 548480.15, "trend": 640.891638, "fair_value": 946.101272, "relative_strength": -12.387487, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.430995, "energy": 31.589119, "activity_lines": [ 674.993408, 671.203185, 635.969037, 629.974426 ] }, { "date": "2025-07-25", "close": 642.450012, "volume": 151898, "typical_volume": 543441.6, "trend": 637.147709, "fair_value": 943.45781, "relative_strength": -15.413827, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.188663, "energy": 19.658832, "activity_lines": [ 664.174589, 666.292727, 639.074826, 630.074966 ] }, { "date": "2025-08-01", "close": 611.5, "volume": 189412, "typical_volume": 542501.55, "trend": 631.721649, "fair_value": 940.628482, "relative_strength": -17.811744, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.502259, "energy": 9.243492, "activity_lines": [ 644.596476, 656.240373, 639.049822, 628.420275 ] }, { "date": "2025-08-08", "close": 584.400024, "volume": 512539, "typical_volume": 551369.55, "trend": 625.971368, "fair_value": 937.550846, "relative_strength": -19.99047, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -21.599532, "energy": 22.616151, "activity_lines": [ 620.690954, 642.183955, 636.214643, 625.367267 ] }, { "date": "2025-08-15", "close": 565.0, "volume": 265875, "typical_volume": 531785.95, "trend": 620.888617, "fair_value": 933.842832, "relative_strength": -22.642389, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -35.984029, "energy": 40.043684, "activity_lines": [ 597.133341, 626.405383, 631.580295, 621.433631 ] }, { "date": "2025-08-22", "close": 584.150024, "volume": 189907, "typical_volume": 516638.2, "trend": 618.254543, "fair_value": 930.283533, "relative_strength": -19.968539, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.46026, "energy": 49.919701, "activity_lines": [ 586.62668, 615.66912, 628.658374, 619.063399 ] }, { "date": "2025-08-29", "close": 569.049988, "volume": 214291, "typical_volume": 509073.2, "trend": 613.972188, "fair_value": 926.63788, "relative_strength": -19.857801, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.331634, "energy": 60.148068, "activity_lines": [ 577.143339, 603.459438, 624.073257, 615.888911 ] }, { "date": "2025-09-05", "close": 568.900024, "volume": 346713, "typical_volume": 477142.35, "trend": 608.825295, "fair_value": 923.097484, "relative_strength": -19.984545, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.231735, "energy": 60.354237, "activity_lines": [ 572.503345, 592.981775, 619.18152, 612.98103 ] }, { "date": "2025-09-12", "close": 587.700012, "volume": 1260102, "typical_volume": 514245.0, "trend": 605.922927, "fair_value": 920.17795, "relative_strength": -17.721627, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.447138, "energy": 36.545184, "activity_lines": [ 576.970011, 587.980268, 615.950537, 611.618108 ] }, { "date": "2025-09-19", "close": 589.700012, "volume": 394306, "typical_volume": 523872.75, "trend": 603.344423, "fair_value": 917.531704, "relative_strength": -17.308489, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.986397, "energy": 25.471808, "activity_lines": [ 581.883345, 585.14092, 612.736062, 610.571469 ] }, { "date": "2025-09-26", "close": 543.349976, "volume": 15979769, "typical_volume": 1313125.4, "trend": 601.432821, "fair_value": 913.840951, "relative_strength": -20.90457, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -43.68502, "energy": 33.34396, "activity_lines": [ 569.7, 575.243641, 604.840839, 606.700859 ] }, { "date": "2025-10-03", "close": 544.0, "volume": 1199883, "typical_volume": 1193018.5, "trend": 599.433368, "fair_value": 910.144518, "relative_strength": -20.744966, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.048918, "energy": 34.268803, "activity_lines": [ 560.453333, 567.858185, 596.932385, 602.995516 ] }, { "date": "2025-10-10", "close": 543.099976, "volume": 565740, "typical_volume": 1194144.05, "trend": 598.757937, "fair_value": 906.797663, "relative_strength": -21.306824, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.168487, "energy": 43.008409, "activity_lines": [ 552.576656, 562.099089, 589.534147, 599.361104 ] }, { "date": "2025-10-17", "close": 539.75, "volume": 694401, "typical_volume": 1202309.75, "trend": 596.930432, "fair_value": 903.330875, "relative_strength": -22.347105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.294302, "energy": 64.412952, "activity_lines": [ 545.303325, 556.974543, 582.384369, 595.55414 ] }, { "date": "2025-10-24", "close": 525.549988, "volume": 370741, "typical_volume": 1210870.0, "trend": 596.395133, "fair_value": 899.776344, "relative_strength": -23.86068, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.17221, "energy": 68.894865, "activity_lines": [ 536.493323, 550.079995, 574.567599, 590.94895 ] }, { "date": "2025-10-31", "close": 513.75, "volume": 1256475, "typical_volume": 1261138.15, "trend": 595.624139, "fair_value": 896.187344, "relative_strength": -24.503186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.566398, "energy": 69.491525, "activity_lines": [ 528.02666, 541.757268, 566.223577, 585.617006 ] }, { "date": "2025-11-07", "close": 498.200012, "volume": 548874, "typical_volume": 1272343.35, "trend": 595.308846, "fair_value": 892.471813, "relative_strength": -25.221851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.96737, "energy": 77.298165, "activity_lines": [ 516.35, 531.88727, 557.066995, 579.331578 ] }, { "date": "2025-11-14", "close": 507.0, "volume": 272499, "typical_volume": 1264961.7, "trend": 594.153556, "fair_value": 889.12597, "relative_strength": -24.375089, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.65895, "energy": 75.432933, "activity_lines": [ 510.660002, 524.905452, 549.546654, 573.634233 ] }, { "date": "2025-11-21", "close": 487.350006, "volume": 365814, "typical_volume": 1254954.4, "trend": 592.026332, "fair_value": 885.654762, "relative_strength": -27.065873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.771058, "energy": 79.301026, "activity_lines": [ 500.82667, 515.476363, 540.98864, 566.743682 ] }, { "date": "2025-11-28", "close": 481.350006, "volume": 2673903, "typical_volume": 1380208.5, "trend": 590.279877, "fair_value": 882.1257, "relative_strength": -27.613125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.684049, "energy": 75.423018, "activity_lines": [ 492.486672, 506.78091, 532.808097, 559.603274 ] }, { "date": "2025-12-05", "close": 481.100006, "volume": 232634, "typical_volume": 1384288.8, "trend": 588.730846, "fair_value": 878.603388, "relative_strength": -26.833947, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.080216, "energy": 64.924812, "activity_lines": [ 487.010006, 500.010003, 525.478335, 552.559411 ] }, { "date": "2025-12-12", "close": 476.399994, "volume": 665785, "typical_volume": 1409983.15, "trend": 582.305983, "fair_value": 874.742445, "relative_strength": -26.340539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.698284, "energy": 65.856816, "activity_lines": [ 482.143335, 493.516365, 518.624286, 545.312259 ] }, { "date": "2025-12-19", "close": 479.700012, "volume": 405112, "typical_volume": 1420768.15, "trend": 576.220109, "fair_value": 870.967996, "relative_strength": -24.772649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.081427, "energy": 57.820729, "activity_lines": [ 479.830005, 488.851822, 512.87524, 538.692519 ] }, { "date": "2025-12-26", "close": 482.5, "volume": 214845, "typical_volume": 1405883.45, "trend": 569.51405, "fair_value": 866.814379, "relative_strength": -23.76802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.489941, "energy": 72.688175, "activity_lines": [ 480.270003, 485.849094, 508.020478, 532.646061 ] }, { "date": "2026-01-02", "close": 479.350006, "volume": 156135, "typical_volume": 1400396.45, "trend": 563.798158, "fair_value": 862.748576, "relative_strength": -24.247011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.719603, "energy": 70.37462, "activity_lines": [ 479.983337, 483.31455, 503.350954, 526.829026 ] }, { "date": "2026-01-09", "close": 461.350006, "volume": 307995, "typical_volume": 1406300.85, "trend": 557.372748, "fair_value": 858.885143, "relative_strength": -24.392367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.145211, "energy": 69.211177, "activity_lines": [ 473.830005, 478.347277, 497.375002, 520.219467 ] }, { "date": "2026-01-16", "close": 434.25, "volume": 316687, "typical_volume": 1411420.65, "trend": 549.654059, "fair_value": 854.892148, "relative_strength": -28.047611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.336325, "energy": 85.307074, "activity_lines": [ 459.960004, 469.405458, 489.402859, 512.276064 ] }, { "date": "2026-01-23", "close": 392.549988, "volume": 17112628, "typical_volume": 2249716.4, "trend": 540.002767, "fair_value": 850.83473, "relative_strength": -32.559977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.24699, "energy": 84.805833, "activity_lines": [ 434.999998, 454.044546, 478.101191, 502.140318 ] }, { "date": "2026-01-30", "close": 414.549988, "volume": 1258477, "typical_volume": 2249635.15, "trend": 530.933807, "fair_value": 846.60506, "relative_strength": -28.761392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.899393, "energy": 84.389501, "activity_lines": [ 423.183327, 444.764544, 469.734523, 494.04659 ] }, { "date": "2026-02-06", "close": 412.700012, "volume": 871407, "typical_volume": 2273490.2, "trend": 522.523336, "fair_value": 842.140356, "relative_strength": -29.242288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.835664, "energy": 80.167849, "activity_lines": [ 415.279999, 436.471818, 462.016191, 486.418603 ] }, { "date": "2026-02-13", "close": 376.850006, "volume": 4833009, "typical_volume": 1716152.2, "trend": 512.585003, "fair_value": 837.85639, "relative_strength": -34.006042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.924347, "energy": 76.129724, "activity_lines": [ 399.870001, 422.909092, 451.72643, 477.020324 ] }, { "date": "2026-02-20", "close": 384.549988, "volume": 475485, "typical_volume": 1679932.3, "trend": 503.988335, "fair_value": 833.636998, "relative_strength": -32.09284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.246858, "energy": 68.227341, "activity_lines": [ 392.659998, 412.641817, 442.962857, 468.76 ] }, { "date": "2026-02-27", "close": 364.799988, "volume": 505826, "typical_volume": 1676936.6, "trend": 495.765001, "fair_value": 829.394833, "relative_strength": -33.848629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.558066, "energy": 72.051728, "activity_lines": [ 382.179995, 400.453633, 433.077618, 459.780107 ] }, { "date": "2026-03-06", "close": 355.950012, "volume": 280820, "typical_volume": 1656257.55, "trend": 488.150001, "fair_value": 825.204242, "relative_strength": -32.809963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.974002, "energy": 81.635661, "activity_lines": [ 370.6, 388.745453, 423.198572, 450.759785 ] }, { "date": "2026-03-13", "close": 372.75, "volume": 3349172, "typical_volume": 1805179.1, "trend": 481.741668, "fair_value": 821.168484, "relative_strength": -25.08785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.445603, "energy": 63.990401, "activity_lines": [ 368.526666, 382.392726, 415.794762, 443.314624 ] }, { "date": "2026-03-20", "close": 353.649994, "volume": 6187908, "typical_volume": 2051750.75, "trend": 474.058333, "fair_value": 816.839628, "relative_strength": -28.160592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.368053, "energy": 62.018662, "activity_lines": [ 362.749998, 374.505453, 407.299523, 435.050645 ] }, { "date": "2026-03-27", "close": 351.200012, "volume": 965729, "typical_volume": 2072593.5, "trend": 466.796667, "fair_value": 812.814014, "relative_strength": -27.234468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.621711, "energy": 58.247428, "activity_lines": [ 357.703337, 368.13091, 399.333334, 427.124302 ] }, { "date": "2026-04-03", "close": 349.25, "volume": 369286, "typical_volume": 2077432.85, "trend": 459.475, "fair_value": 808.79589, "relative_strength": -26.762252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.389708, "energy": 54.266273, "activity_lines": [ 354.230003, 362.911819, 391.881429, 419.540646 ] }, { "date": "2026-04-10", "close": 366.799988, "volume": 657819, "typical_volume": 2092033.1, "trend": 452.111666, "fair_value": 804.912047, "relative_strength": -26.89172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.429904, "energy": 48.011408, "activity_lines": [ 357.643331, 361.670908, 386.852142, 413.561613 ] }, { "date": "2026-04-17", "close": 391.399994, "volume": 828070, "typical_volume": 1999741.45, "trend": 445.501665, "fair_value": 800.961529, "relative_strength": -22.484713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.605347, "energy": 34.297026, "activity_lines": [ 368.533329, 365.770907, 384.739761, 409.644731 ] }, { "date": "2026-04-24", "close": 388.600006, "volume": 766656, "typical_volume": 2026442.55, "trend": 440.343333, "fair_value": 796.900572, "relative_strength": -21.084032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.464222, "energy": 26.704561, "activity_lines": [ 377.246665, 369.74909, 382.789047, 405.973656 ] }, { "date": "2026-05-01", "close": 396.100006, "volume": 529501, "typical_volume": 2019628.35, "trend": 435.413333, "fair_value": 792.524587, "relative_strength": -19.487785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.739718, "energy": 22.794876, "activity_lines": [ 386.130001, 374.877273, 381.993095, 403.119248 ] }, { "date": "2026-05-08", "close": 405.950012, "volume": 896897, "typical_volume": 2044217.6, "trend": 430.841668, "fair_value": 788.130589, "relative_strength": -17.695029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.256454, "energy": 21.27408, "activity_lines": [ 395.303339, 381.586366, 382.51762, 401.218388 ] }, { "date": "2026-05-15", "close": 393.100006, "volume": 871923, "typical_volume": 2077071.5, "trend": 425.953335, "fair_value": 783.604392, "relative_strength": -17.720036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.764341, "energy": 16.76557, "activity_lines": [ 396.41334, 385.210912, 382.169525, 398.783442 ] }, { "date": "2026-05-22", "close": 336.049988, "volume": 1613157, "typical_volume": 2149922.6, "trend": 419.636668, "fair_value": 778.843172, "relative_strength": -29.043236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.048496, "energy": 25.45724, "activity_lines": [ 376.753335, 377.787274, 376.81381, 392.983226 ] }, { "date": "2026-05-29", "close": 314.450012, "volume": 2157150, "typical_volume": 2242380.35, "trend": 412.993335, "fair_value": 773.980487, "relative_strength": -32.188413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.022387, "energy": 51.298773, "activity_lines": [ 353.583337, 367.103639, 370.083335, 386.19699 ] }, { "date": "2026-06-05", "close": 311.5, "volume": 477337, "typical_volume": 2250412.85, "trend": 406.770001, "fair_value": 769.052646, "relative_strength": -31.454038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.118539, "energy": 75.036887, "activity_lines": [ 334.373336, 356.596366, 363.77143, 379.649033 ] }, { "date": "2026-06-12", "close": 308.172852, "volume": 245961, "typical_volume": 1407079.5, "trend": 400.14243, "fair_value": 763.70845, "relative_strength": -32.019769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.226314, "energy": 83.595019, "activity_lines": [ 319.694285, 346.205975, 357.727178, 373.287927 ] }, { "date": "2026-06-19", "close": 322.741547, "volume": 107696, "typical_volume": 1349540.45, "trend": 394.655481, "fair_value": 758.593694, "relative_strength": -29.033192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.256223, "energy": 82.589394, "activity_lines": [ 316.389944, 339.211295, 353.472216, 368.294322 ] }, { "date": "2026-06-26", "close": 319.471039, "volume": 0, "typical_volume": 1305970.1, "trend": 389.259515, "fair_value": 753.055188, "relative_strength": -28.915847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.843869, "energy": 80.222615, "activity_lines": [ 316.685997, 332.42304, 349.342961, 363.443712 ] }, { "date": "2026-07-03", "close": 326.012085, "volume": 188907, "typical_volume": 1073765.0, "trend": 384.089918, "fair_value": 747.816992, "relative_strength": -27.0867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.70727, "energy": 65.48603, "activity_lines": [ 320.267662, 328.131865, 346.28061, 359.363233 ] }, { "date": "2026-07-10", "close": 328.142883, "volume": 1022896, "typical_volume": 1101135.55, "trend": 379.148014, "fair_value": 742.590068, "relative_strength": -25.412925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.372888, "energy": 45.254212, "activity_lines": [ 323.788788, 325.366071, 343.663277, 355.753747 ] }, { "date": "2026-07-17", "close": 331.450012, "volume": 742784, "typical_volume": 1112983.45, "trend": 374.206348, "fair_value": 737.199957, "relative_strength": -23.976635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.874673, "energy": 36.715186, "activity_lines": [ 327.302765, 324.437156, 341.629514, 352.676456 ] }, { "date": "2026-07-24", "close": 328.899994, "volume": 305764, "typical_volume": 1114230.65, "trend": 369.086347, "fair_value": 731.906581, "relative_strength": -21.75208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.233816, "energy": 31.21091, "activity_lines": [ 328.414925, 324.399147, 339.511702, 349.753466 ] }, { "date": "2026-07-31", "close": 332.299988, "volume": 317026, "typical_volume": 962623.35, "trend": 364.18468, "fair_value": 726.576919, "relative_strength": -21.98526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.980918, "energy": 26.847157, "activity_lines": [ 330.249854, 326.146592, 337.846508, 347.380152 ] }, { "date": "2026-08-07", "close": 371.149994, "volume": 15988938, "typical_volume": 1452674.85, "trend": 361.178013, "fair_value": 721.86514, "relative_strength": -12.673881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.38222, "energy": 12.744315, "activity_lines": [ 344.179521, 335.025856, 340.073934, 347.829527 ] } ], "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." } } }