{ "ticker": { "uuid": "99b9a21b-daac-4fe2-948f-240304d40c5a", "symbol": "NCC", "name": "NCC 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.947, "architecture_energy": 64.229, "architecture_maturity": 6.153, "architecture_confidence": 87.075, "architecture_tenure": "New", "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": 31.4, "rotation_up": 10.04, "upward_expansion": 14.03, "deceleration": 37.58, "rotation_down": 68.52, "downward_expansion": 87.36 }, "activity_lines": [ 141.972, 144.647635, 148.798903, 149.338558 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 145.589996, "trend_reference": 149.617332, "distance_from_trend": -0.026918, "trend_direction": "Weakening", "fair_value": 212.518512, "distance_from_fair_value": -0.31493, "fair_value_direction": "Weakening", "relative_strength": -12.165821, "relative_strength_direction": "Weakening", "price_momentum": -0.069534, "excess_performance": -0.025825, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.026918, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.045333, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.31493, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.121779, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.121658, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.067006, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.069534, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.621547, "read": "Supply-led" } ], "volume": { "latest": 11574155, "relative_activity": 1.272892, "balance": 0.621547, "dry_up": 0.877013, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.05414, "annualized_volatility": 0.29633, "from_high_reference": -0.347637, "from_low_reference": 0.119923 }, "levels": { "trend_reference": 149.617332, "fair_value_reference": 212.518512, "structural_low": 130.0, "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": 22, "median_return": 0.001694, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.017462, "regime_survival": 0.818182, "best_return": 0.217618, "worst_return": -0.197987, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.014657, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.045295, "regime_survival": 0.428571, "best_return": 0.191463, "worst_return": -0.323249, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.133852, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.110327, "regime_survival": 0.0, "best_return": 0.287678, "worst_return": -0.226999, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.200207, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.253848, "regime_survival": 0.5, "best_return": 0.001566, "worst_return": -0.401979, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2022-10-21", "end": "2022-10-28", "tenure": "New", "return": 0.033496, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-11-04", "end": "2023-09-29", "tenure": "Extended", "return": 1.157509, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-06", "end": "2023-10-13", "tenure": "New", "return": 0.020132, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-10-20", "end": "2024-08-23", "tenure": "Extended", "return": 1.095531, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-11-29", "tenure": "Established", "return": -0.029306, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-03", "tenure": "Developing", "return": -0.118274, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-05-16", "tenure": "Established", "return": -0.095041, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-09-05", "tenure": "Established", "return": -0.103833, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": -0.011355, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-04-17", "tenure": "Established", "return": -0.230483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.049694, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.090304, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-07-24", "tenure": "Developing", "return": -0.09827, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.029996, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 147.438828, "volume": 10438140, "typical_volume": 25857569.65, "trend": 113.068741, "fair_value": 74.681622, "relative_strength": 43.24153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.314203, "energy": 85.611582, "activity_lines": [ 147.215867, 140.050575, 130.426187, 123.24665 ] }, { "date": "2023-08-25", "close": 149.463303, "volume": 13464009, "typical_volume": 25706909.7, "trend": 115.302731, "fair_value": 75.423662, "relative_strength": 43.503968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.801279, "energy": 82.593092, "activity_lines": [ 148.608017, 142.968066, 132.909441, 125.594687 ] }, { "date": "2023-09-01", "close": 168.097046, "volume": 51942393, "typical_volume": 27758081.75, "trend": 117.918739, "fair_value": 76.300286, "relative_strength": 57.442989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.493303, "energy": 87.711281, "activity_lines": [ 155.304197, 148.686812, 136.957825, 129.000772 ] }, { "date": "2023-09-08", "close": 156.543137, "volume": 31235067, "typical_volume": 28074979.15, "trend": 120.105995, "fair_value": 77.115684, "relative_strength": 41.87384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.707531, "energy": 65.012936, "activity_lines": [ 156.568296, 151.353799, 139.601592, 131.492668 ] }, { "date": "2023-09-15", "close": 142.924286, "volume": 45705704, "typical_volume": 28908761.15, "trend": 121.903913, "fair_value": 77.836318, "relative_strength": 25.767989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.768212, "energy": 54.070695, "activity_lines": [ 152.76337, 150.85036, 140.726795, 132.964816 ] }, { "date": "2023-09-22", "close": 147.791672, "volume": 44806213, "typical_volume": 30135000.95, "trend": 123.944857, "fair_value": 78.581286, "relative_strength": 31.879379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.203682, "energy": 47.175534, "activity_lines": [ 151.062821, 150.877773, 142.187961, 134.634994 ] }, { "date": "2023-09-29", "close": 152.462387, "volume": 42659717, "typical_volume": 30714814.75, "trend": 126.110795, "fair_value": 79.34694, "relative_strength": 34.61699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.301645, "energy": 33.73688, "activity_lines": [ 150.895653, 151.484504, 143.966491, 136.474835 ] }, { "date": "2023-10-06", "close": 156.297302, "volume": 18988756, "typical_volume": 30710082.05, "trend": 128.110526, "fair_value": 80.147327, "relative_strength": 36.150149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.232948, "energy": 32.983226, "activity_lines": [ 151.806852, 152.486539, 145.931232, 138.422351 ] }, { "date": "2023-10-13", "close": 159.443893, "volume": 35737781, "typical_volume": 28127818.05, "trend": 130.081049, "fair_value": 80.974453, "relative_strength": 36.328666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.465879, "energy": 42.661442, "activity_lines": [ 154.553564, 153.844102, 147.978982, 140.443859 ] }, { "date": "2023-10-20", "close": 151.823242, "volume": 25327342, "typical_volume": 27262344.6, "trend": 131.84925, "fair_value": 81.735711, "relative_strength": 29.590592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.399638, "energy": 37.646815, "activity_lines": [ 154.566676, 153.618967, 149.065843, 141.846581 ] }, { "date": "2023-10-27", "close": 144.792572, "volume": 26923664, "typical_volume": 27430041.75, "trend": 133.247385, "fair_value": 82.461455, "relative_strength": 25.36973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.064529, "energy": 26.959564, "activity_lines": [ 151.642967, 152.08516, 149.351685, 142.681634 ] }, { "date": "2023-11-03", "close": 146.415024, "volume": 17216521, "typical_volume": 27571670.8, "trend": 134.61236, "fair_value": 83.192224, "relative_strength": 24.104321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.76394, "energy": 20.180144, "activity_lines": [ 149.460015, 150.894458, 149.658783, 143.531159 ] }, { "date": "2023-11-10", "close": 150.790771, "volume": 40520814, "typical_volume": 28845453.1, "trend": 136.165199, "fair_value": 83.926563, "relative_strength": 24.969601, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.859686, "energy": 16.776535, "activity_lines": [ 149.138803, 150.55477, 150.243475, 144.574928 ] }, { "date": "2023-11-17", "close": 158.95224, "volume": 30457269, "typical_volume": 29908577.3, "trend": 137.796216, "fair_value": 84.697098, "relative_strength": 28.106456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.425205, "energy": 21.041114, "activity_lines": [ 151.905183, 152.013645, 151.438778, 146.045059 ] }, { "date": "2023-11-24", "close": 160.623886, "volume": 30997058, "typical_volume": 30010941.25, "trend": 139.279389, "fair_value": 85.466406, "relative_strength": 27.533755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.962761, "energy": 31.252293, "activity_lines": [ 155.261555, 153.732653, 152.599979, 147.517812 ] }, { "date": "2023-12-01", "close": 162.688843, "volume": 15334961, "typical_volume": 28968394.8, "trend": 140.668221, "fair_value": 86.200885, "relative_strength": 24.701277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.239723, "energy": 47.918964, "activity_lines": [ 158.719536, 155.505298, 153.780812, 149.0281 ] }, { "date": "2023-12-08", "close": 171.78447, "volume": 39086154, "typical_volume": 29869299.0, "trend": 142.565419, "fair_value": 86.961725, "relative_strength": 25.794584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.842912, "energy": 67.21833, "activity_lines": [ 164.016309, 158.660835, 155.686267, 151.0356 ] }, { "date": "2023-12-15", "close": 170.309494, "volume": 21989226, "typical_volume": 29725856.2, "trend": 144.549161, "fair_value": 87.716096, "relative_strength": 20.67901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.238132, "energy": 71.03432, "activity_lines": [ 167.130126, 161.196884, 157.280155, 152.82554 ] }, { "date": "2023-12-22", "close": 161.263031, "volume": 27909553, "typical_volume": 29579236.3, "trend": 146.255589, "fair_value": 88.406804, "relative_strength": 13.74023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.243967, "energy": 58.103275, "activity_lines": [ 165.927208, 161.833354, 157.889028, 153.903854 ] }, { "date": "2023-12-29", "close": 163.967133, "volume": 11992865, "typical_volume": 29136660.35, "trend": 147.580401, "fair_value": 89.094545, "relative_strength": 12.618884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.629946, "energy": 44.598079, "activity_lines": [ 165.471604, 162.928404, 158.695143, 155.046534 ] }, { "date": "2024-01-05", "close": 171.587799, "volume": 28486098, "typical_volume": 30039058.25, "trend": 149.40642, "fair_value": 89.82009, "relative_strength": 17.026613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.195837, "energy": 39.987436, "activity_lines": [ 167.333339, 165.188232, 160.161255, 156.595399 ] }, { "date": "2024-01-12", "close": 193.269806, "volume": 74429789, "typical_volume": 33087347.25, "trend": 151.942248, "fair_value": 90.688205, "relative_strength": 29.321004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.863407, "energy": 53.129504, "activity_lines": [ 175.829145, 170.903057, 163.577324, 159.425295 ] }, { "date": "2024-01-19", "close": 200.153, "volume": 35876905, "typical_volume": 32284072.85, "trend": 154.754368, "fair_value": 91.630297, "relative_strength": 34.016564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.645718, "energy": 80.158196, "activity_lines": [ 185.186995, 177.017466, 167.440333, 162.535666 ] }, { "date": "2024-01-26", "close": 191.254028, "volume": 12374316, "typical_volume": 31341035.3, "trend": 157.18423, "fair_value": 92.504299, "relative_strength": 28.151276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.308198, "energy": 79.306995, "activity_lines": [ 189.588953, 180.616386, 170.303174, 164.890482 ] }, { "date": "2024-02-02", "close": 211.559387, "volume": 53481264, "typical_volume": 31729813.3, "trend": 160.121299, "fair_value": 93.364564, "relative_strength": 36.75208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.846961, "energy": 88.493335, "activity_lines": [ 198.759964, 187.319884, 174.934569, 168.398557 ] }, { "date": "2024-02-09", "close": 221.343353, "volume": 48451156, "typical_volume": 31912060.45, "trend": 163.067846, "fair_value": 94.280083, "relative_strength": 41.594754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.974756, "energy": 92.084325, "activity_lines": [ 208.01948, 194.876185, 180.170936, 172.348367 ] }, { "date": "2024-02-16", "close": 221.785843, "volume": 30700189, "typical_volume": 31314084.05, "trend": 165.932206, "fair_value": 95.17157, "relative_strength": 38.324082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.898586, "energy": 87.960173, "activity_lines": [ 214.109456, 201.446492, 185.099199, 176.136625 ] }, { "date": "2024-02-23", "close": 250.449356, "volume": 61179122, "typical_volume": 33423602.35, "trend": 169.467672, "fair_value": 96.245304, "relative_strength": 52.445037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.413296, "energy": 94.004791, "activity_lines": [ 227.852868, 212.319232, 192.427208, 181.589344 ] }, { "date": "2024-03-01", "close": 248.826889, "volume": 45899672, "typical_volume": 33931696.9, "trend": 172.808501, "fair_value": 97.309534, "relative_strength": 48.226237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.437151, "energy": 89.15745, "activity_lines": [ 237.702366, 221.439889, 199.152354, 186.709294 ] }, { "date": "2024-03-08", "close": 254.038437, "volume": 21378491, "typical_volume": 33734254.35, "trend": 176.271349, "fair_value": 98.41762, "relative_strength": 48.104997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.001391, "energy": 86.043135, "activity_lines": [ 245.450857, 229.916031, 205.948204, 191.949935 ] }, { "date": "2024-03-15", "close": 229.35733, "volume": 49362276, "typical_volume": 34856184.95, "trend": 179.001965, "fair_value": 99.383913, "relative_strength": 35.022351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.374535, "energy": 62.064803, "activity_lines": [ 242.140375, 232.267038, 209.906734, 195.374837 ] }, { "date": "2024-03-22", "close": 232.848083, "volume": 45413167, "typical_volume": 36266017.25, "trend": 181.781458, "fair_value": 100.405722, "relative_strength": 35.036762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.774625, "energy": 54.299167, "activity_lines": [ 239.459212, 234.202373, 213.795027, 198.84878 ] }, { "date": "2024-03-29", "close": 228.472366, "volume": 18715886, "typical_volume": 35175770.85, "trend": 183.793969, "fair_value": 101.386047, "relative_strength": 29.755591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.809851, "energy": 40.562767, "activity_lines": [ 234.581994, 234.622517, 216.854999, 201.861097 ] }, { "date": "2024-04-05", "close": 268.148956, "volume": 75600897, "typical_volume": 37432952.25, "trend": 187.514163, "fair_value": 102.629367, "relative_strength": 48.877073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.63652, "energy": 49.613951, "activity_lines": [ 244.395439, 241.74169, 223.323782, 207.303354 ] }, { "date": "2024-04-12", "close": 253.350128, "volume": 24603446, "typical_volume": 37113271.65, "trend": 191.195024, "fair_value": 103.806483, "relative_strength": 38.821397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.391279, "energy": 47.75906, "activity_lines": [ 247.987804, 244.772077, 227.863168, 211.550835 ] }, { "date": "2024-04-19", "close": 238.452957, "volume": 18904040, "typical_volume": 37291725.6, "trend": 194.217067, "fair_value": 104.890791, "relative_strength": 31.444488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.087455, "energy": 43.054054, "activity_lines": [ 246.660332, 244.334055, 230.542222, 214.599734 ] }, { "date": "2024-04-26", "close": 245.680298, "volume": 21105073, "typical_volume": 36392671.55, "trend": 197.324331, "fair_value": 106.019936, "relative_strength": 32.371987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.965325, "energy": 43.27135, "activity_lines": [ 247.135599, 244.899012, 233.548813, 217.919943 ] }, { "date": "2024-05-03", "close": 241.206238, "volume": 13766542, "typical_volume": 35981537.35, "trend": 200.154628, "fair_value": 107.107862, "relative_strength": 28.434587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.212684, "energy": 35.052593, "activity_lines": [ 245.264031, 244.216059, 235.777418, 220.751034 ] }, { "date": "2024-05-10", "close": 238.256287, "volume": 26038987, "typical_volume": 35888009.05, "trend": 202.781708, "fair_value": 108.166727, "relative_strength": 27.949255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.023038, "energy": 24.244014, "activity_lines": [ 241.560222, 243.164808, 237.387472, 223.209205 ] }, { "date": "2024-05-17", "close": 271.197235, "volume": 63395444, "typical_volume": 38458138.0, "trend": 206.760841, "fair_value": 109.378834, "relative_strength": 41.052824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.357209, "energy": 39.607818, "activity_lines": [ 250.829573, 248.295013, 241.768125, 227.62311 ] }, { "date": "2024-05-24", "close": 277.195435, "volume": 29551217, "typical_volume": 38511393.95, "trend": 211.17427, "fair_value": 110.657753, "relative_strength": 39.173668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.593893, "energy": 46.431956, "activity_lines": [ 260.908517, 254.203822, 246.209415, 232.167277 ] }, { "date": "2024-05-31", "close": 282.161163, "volume": 30853198, "typical_volume": 36332564.4, "trend": 215.699141, "fair_value": 111.981341, "relative_strength": 42.509173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.795388, "energy": 64.260549, "activity_lines": [ 270.059871, 260.145706, 250.620738, 236.747077 ] }, { "date": "2024-06-07", "close": 318.936981, "volume": 97471365, "typical_volume": 39412287.4, "trend": 221.304015, "fair_value": 113.48574, "relative_strength": 53.346786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.410285, "energy": 80.204582, "activity_lines": [ 289.037775, 271.877502, 258.111228, 243.407583 ] }, { "date": "2024-06-14", "close": 323.116058, "volume": 37231675, "typical_volume": 40655155.35, "trend": 226.776142, "fair_value": 115.055738, "relative_strength": 51.729373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.068272, "energy": 87.110257, "activity_lines": [ 304.226654, 282.724318, 265.434087, 249.976102 ] }, { "date": "2024-06-21", "close": 318.297852, "volume": 22146624, "typical_volume": 39088423.35, "trend": 232.031941, "fair_value": 116.599328, "relative_strength": 46.955171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.452548, "energy": 85.691904, "activity_lines": [ 312.152146, 291.695695, 271.670155, 255.880728 ] }, { "date": "2024-06-28", "close": 311.168854, "volume": 32639464, "typical_volume": 38297838.75, "trend": 236.981275, "fair_value": 118.056021, "relative_strength": 38.650402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.502673, "energy": 79.900852, "activity_lines": [ 314.561265, 298.190023, 276.718992, 260.986335 ] }, { "date": "2024-07-05", "close": 330.146729, "volume": 46291955, "typical_volume": 39077427.05, "trend": 242.260017, "fair_value": 119.6069, "relative_strength": 43.096069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.24343, "energy": 81.240086, "activity_lines": [ 321.031448, 306.812766, 283.147506, 266.99701 ] }, { "date": "2024-07-12", "close": 321.247772, "volume": 18963592, "typical_volume": 36966650.55, "trend": 247.291293, "fair_value": 121.103123, "relative_strength": 36.478178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.546098, "energy": 56.808254, "activity_lines": [ 321.336273, 312.281764, 288.212495, 272.092994 ] }, { "date": "2024-07-19", "close": 304.039825, "volume": 18050304, "typical_volume": 35574182.15, "trend": 252.050519, "fair_value": 122.522774, "relative_strength": 27.607756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.606065, "energy": 48.256547, "activity_lines": [ 315.751064, 313.166744, 291.301497, 275.75419 ] }, { "date": "2024-07-26", "close": 331.965881, "volume": 79505331, "typical_volume": 38480524.15, "trend": 257.650478, "fair_value": 124.126514, "relative_strength": 36.002888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.276004, "energy": 49.034694, "activity_lines": [ 320.746289, 317.933124, 296.787205, 280.910019 ] }, { "date": "2024-08-02", "close": 338.406525, "volume": 49114124, "typical_volume": 38468116.55, "trend": 263.211102, "fair_value": 125.764863, "relative_strength": 37.661805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.317054, "energy": 47.235118, "activity_lines": [ 326.977193, 322.765646, 302.515224, 286.120087 ] }, { "date": "2024-08-09", "close": 318.592804, "volume": 42528703, "typical_volume": 38323893.35, "trend": 267.388535, "fair_value": 127.304526, "relative_strength": 30.119212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.862552, "energy": 39.505483, "activity_lines": [ 324.787679, 322.882744, 305.836941, 289.6931 ] }, { "date": "2024-08-16", "close": 304.678955, "volume": 19009834, "typical_volume": 38338590.75, "trend": 270.872733, "fair_value": 128.79206, "relative_strength": 22.436021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.728626, "energy": 32.900947, "activity_lines": [ 318.730477, 319.807658, 307.425221, 292.098934 ] }, { "date": "2024-08-23", "close": 318.150299, "volume": 23151861, "typical_volume": 35716138.95, "trend": 275.102609, "fair_value": 130.370769, "relative_strength": 25.195971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.095745, "energy": 27.768236, "activity_lines": [ 318.268311, 319.441144, 309.933597, 295.149099 ] }, { "date": "2024-08-30", "close": 315.897888, "volume": 12545664, "typical_volume": 35113249.85, "trend": 278.580559, "fair_value": 131.91003, "relative_strength": 21.394229, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.409495, "energy": 20.924135, "activity_lines": [ 316.114642, 318.755388, 311.989357, 297.781053 ] }, { "date": "2024-09-06", "close": 313.02655, "volume": 18081268, "typical_volume": 35072111.25, "trend": 281.636666, "fair_value": 133.442336, "relative_strength": 21.08752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.802231, "energy": 19.02909, "activity_lines": [ 314.075061, 317.591205, 313.473809, 300.003375 ] }, { "date": "2024-09-13", "close": 313.571136, "volume": 11040106, "typical_volume": 34568862.9, "trend": 284.696176, "fair_value": 134.970298, "relative_strength": 17.734444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.24062, "energy": 19.692299, "activity_lines": [ 313.909006, 316.492262, 314.655014, 302.063663 ] }, { "date": "2024-09-20", "close": 311.838409, "volume": 14332426, "typical_volume": 34597157.1, "trend": 286.742477, "fair_value": 136.478113, "relative_strength": 14.154562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.350028, "energy": 16.837194, "activity_lines": [ 313.500154, 315.379652, 315.347908, 303.814775 ] }, { "date": "2024-09-27", "close": 299.412384, "volume": 12319432, "typical_volume": 33911179.35, "trend": 288.42866, "fair_value": 137.903864, "relative_strength": 7.26584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.22897, "energy": 9.137304, "activity_lines": [ 308.471997, 312.178844, 314.521027, 304.632188 ] }, { "date": "2024-10-04", "close": 297.531158, "volume": 16573814, "typical_volume": 31570097.85, "trend": 289.878418, "fair_value": 139.30942, "relative_strength": 10.765939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.089031, "energy": 9.540985, "activity_lines": [ 304.065958, 308.720131, 313.223762, 305.219446 ] }, { "date": "2024-10-11", "close": 295.501434, "volume": 15004906, "typical_volume": 30842782.3, "trend": 292.083221, "fair_value": 140.712511, "relative_strength": 9.494042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.667587, "energy": 12.646801, "activity_lines": [ 300.207794, 305.518462, 311.607791, 305.582221 ] }, { "date": "2024-10-18", "close": 307.8284, "volume": 11349734, "typical_volume": 29867609.1, "trend": 294.582565, "fair_value": 142.22174, "relative_strength": 13.634154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.846033, "energy": 13.84243, "activity_lines": [ 301.626959, 305.338153, 311.078645, 306.598039 ] }, { "date": "2024-10-25", "close": 274.857422, "volume": 12233580, "typical_volume": 25605719.85, "trend": 296.128734, "fair_value": 143.554871, "relative_strength": 3.599753, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.130507, "energy": 42.969447, "activity_lines": [ 292.438647, 299.358837, 307.287181, 305.325449 ] }, { "date": "2024-11-01", "close": 309.511627, "volume": 15995976, "typical_volume": 24543934.9, "trend": 297.507489, "fair_value": 145.086641, "relative_strength": 15.036063, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -10.649546, "energy": 16.583301, "activity_lines": [ 297.267137, 300.222495, 307.00602, 306.188862 ] }, { "date": "2024-11-08", "close": 305.056091, "volume": 19774990, "typical_volume": 24425353.2, "trend": 299.231022, "fair_value": 146.559718, "relative_strength": 13.155922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.573348, "energy": 6.506902, "activity_lines": [ 299.937164, 300.433122, 306.365305, 306.675868 ] }, { "date": "2024-11-15", "close": 277.233704, "volume": 9640772, "typical_volume": 23275418.6, "trend": 300.523713, "fair_value": 147.869814, "relative_strength": 4.852482, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.126595, "energy": 33.473905, "activity_lines": [ 292.831401, 295.782257, 303.137896, 305.256687 ] }, { "date": "2024-11-22", "close": 280.996155, "volume": 9457688, "typical_volume": 21433705.25, "trend": 301.700908, "fair_value": 149.22271, "relative_strength": 3.962926, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.207512, "energy": 24.097195, "activity_lines": [ 288.197636, 292.466253, 300.43041, 303.996844 ] }, { "date": "2024-11-29", "close": 306.640289, "volume": 20543851, "typical_volume": 21512718.2, "trend": 303.882043, "fair_value": 150.73969, "relative_strength": 11.510561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.544588, "energy": 15.286275, "activity_lines": [ 293.900732, 294.405091, 300.399274, 304.315514 ] }, { "date": "2024-12-06", "close": 310.996796, "volume": 20385857, "typical_volume": 21629495.85, "trend": 306.306727, "fair_value": 152.275255, "relative_strength": 9.772394, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -24.70953, "energy": 15.073071, "activity_lines": [ 298.93714, 297.230533, 300.852603, 304.77453 ] }, { "date": "2024-12-13", "close": 299.709442, "volume": 10590298, "typical_volume": 18183744.2, "trend": 307.257134, "fair_value": 153.771912, "relative_strength": 4.671817, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.613283, "energy": 14.032224, "activity_lines": [ 300.112085, 297.793103, 300.197816, 304.348899 ] }, { "date": "2024-12-20", "close": 284.709106, "volume": 16152117, "typical_volume": 16535643.85, "trend": 307.50759, "fair_value": 155.184164, "relative_strength": 3.632035, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.257346, "energy": 19.090566, "activity_lines": [ 296.643361, 295.588734, 298.268029, 302.894187 ] }, { "date": "2024-12-27", "close": 276.39209, "volume": 6621623, "typical_volume": 14740289.85, "trend": 307.315287, "fair_value": 156.531954, "relative_strength": -1.013442, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.723715, "energy": 27.992398, "activity_lines": [ 289.903939, 292.068404, 295.801847, 300.886736 ] }, { "date": "2025-01-03", "close": 274.213837, "volume": 12394572, "typical_volume": 14409526.75, "trend": 305.824516, "fair_value": 157.864273, "relative_strength": -3.1356, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -57.623269, "energy": 49.093544, "activity_lines": [ 282.74537, 288.723598, 293.329168, 298.751158 ] }, { "date": "2025-01-10", "close": 248.569717, "volume": 19969223, "typical_volume": 14250394.85, "trend": 303.339638, "fair_value": 158.98942, "relative_strength": -10.306569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.382628, "energy": 71.035279, "activity_lines": [ 269.200524, 280.727926, 288.559264, 295.0573 ] }, { "date": "2025-01-17", "close": 250.549957, "volume": 16968902, "typical_volume": 14471556.75, "trend": 301.081375, "fair_value": 160.151065, "relative_strength": -8.930714, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.967944, "energy": 74.364533, "activity_lines": [ 260.477563, 274.200332, 284.30929, 291.651515 ] }, { "date": "2025-01-24", "close": 233.618896, "volume": 12900115, "typical_volume": 14212499.1, "trend": 298.496376, "fair_value": 161.199658, "relative_strength": -14.836807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.252959, "energy": 83.431504, "activity_lines": [ 249.388215, 265.585384, 278.758015, 287.299097 ] }, { "date": "2025-01-31", "close": 249.807373, "volume": 23023365, "typical_volume": 14811662.05, "trend": 295.818397, "fair_value": 162.355338, "relative_strength": -10.684443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.497507, "energy": 78.030712, "activity_lines": [ 247.101039, 260.706792, 275.126631, 284.157871 ] }, { "date": "2025-02-07", "close": 205.251953, "volume": 80105184, "typical_volume": 18100299.95, "trend": 291.95187, "fair_value": 163.246498, "relative_strength": -26.603274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.429294, "energy": 86.324821, "activity_lines": [ 231.734372, 248.294284, 267.555511, 278.314874 ] }, { "date": "2025-02-14", "close": 185.746582, "volume": 56974640, "typical_volume": 20333060.35, "trend": 288.008762, "fair_value": 164.042454, "relative_strength": -31.533641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.008716, "energy": 93.507843, "activity_lines": [ 214.463373, 234.178768, 258.634291, 271.46292 ] }, { "date": "2025-02-21", "close": 185.053482, "volume": 31621428, "typical_volume": 21085441.05, "trend": 283.111682, "fair_value": 164.868619, "relative_strength": -31.036214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.045138, "energy": 91.545838, "activity_lines": [ 201.149549, 222.214511, 250.188327, 264.820644 ] }, { "date": "2025-02-28", "close": 173.271057, "volume": 21971854, "typical_volume": 21433788.45, "trend": 277.607166, "fair_value": 165.609613, "relative_strength": -33.106776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.502559, "energy": 93.131527, "activity_lines": [ 188.274683, 210.192649, 241.155836, 257.734152 ] }, { "date": "2025-03-07", "close": 182.914841, "volume": 26486142, "typical_volume": 22190608.85, "trend": 273.084568, "fair_value": 166.407606, "relative_strength": -30.359081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.816804, "energy": 87.236063, "activity_lines": [ 182.6376, 201.950348, 233.623849, 251.62497 ] }, { "date": "2025-03-14", "close": 184.023773, "volume": 17300397, "typical_volume": 22443949.7, "trend": 269.062728, "fair_value": 167.215117, "relative_strength": -29.194094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.495608, "energy": 83.957218, "activity_lines": [ 181.829663, 195.609258, 226.792302, 245.879112 ] }, { "date": "2025-03-21", "close": 203.994492, "volume": 45276785, "typical_volume": 23907990.15, "trend": 265.257535, "fair_value": 168.157576, "relative_strength": -24.488715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.89463, "energy": 63.508875, "activity_lines": [ 189.093845, 194.539027, 222.295269, 241.681161 ] }, { "date": "2025-03-28", "close": 207.4104, "volume": 86266687, "typical_volume": 27232575.0, "trend": 261.641285, "fair_value": 169.095718, "relative_strength": -23.596164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.100677, "energy": 49.244614, "activity_lines": [ 196.280135, 194.900329, 218.626023, 237.949088 ] }, { "date": "2025-04-04", "close": 204.806396, "volume": 18707272, "typical_volume": 27685900.0, "trend": 258.033947, "fair_value": 169.994568, "relative_strength": -22.144902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.877792, "energy": 38.991485, "activity_lines": [ 201.107963, 195.572531, 215.173756, 234.282321 ] }, { "date": "2025-04-11", "close": 207.895569, "volume": 17204021, "typical_volume": 28073216.65, "trend": 254.511428, "fair_value": 170.906592, "relative_strength": -20.422225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.499118, "energy": 28.981523, "activity_lines": [ 204.863159, 197.330264, 212.360588, 231.047587 ] }, { "date": "2025-04-18", "close": 215.628403, "volume": 20294704, "typical_volume": 28060759.3, "trend": 251.304428, "fair_value": 171.866075, "relative_strength": -20.772816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.347918, "energy": 24.828233, "activity_lines": [ 209.530585, 201.256, 210.631979, 228.539005 ] }, { "date": "2025-04-25", "close": 209.677795, "volume": 23330749, "typical_volume": 28208003.9, "trend": 248.313275, "fair_value": 172.797056, "relative_strength": -23.271629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.690579, "energy": 21.656426, "activity_lines": [ 210.107499, 203.911145, 208.770035, 225.853416 ] }, { "date": "2025-05-02", "close": 213.717484, "volume": 15615074, "typical_volume": 28459242.7, "trend": 245.519485, "fair_value": 173.783161, "relative_strength": -22.524575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.935244, "energy": 20.218216, "activity_lines": [ 211.65209, 206.865666, 207.775294, 223.621429 ] }, { "date": "2025-05-09", "close": 204.420258, "volume": 16564432, "typical_volume": 28479858.45, "trend": 242.483446, "fair_value": 174.719611, "relative_strength": -24.556499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.44256, "energy": 17.814197, "activity_lines": [ 209.677132, 207.608618, 206.304589, 220.969866 ] }, { "date": "2025-05-16", "close": 224.94545, "volume": 40829456, "typical_volume": 30190250.1, "trend": 239.720681, "fair_value": 175.771965, "relative_strength": -19.918354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.464088, "energy": 11.86965, "activity_lines": [ 214.569648, 211.517074, 207.170993, 219.838382 ] }, { "date": "2025-05-23", "close": 230.470322, "volume": 29753970, "typical_volume": 31058220.0, "trend": 238.241111, "fair_value": 176.881127, "relative_strength": -17.003065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.812722, "energy": 14.635013, "activity_lines": [ 220.16713, 215.665859, 208.808558, 219.241585 ] }, { "date": "2025-05-30", "close": 228.90593, "volume": 15693036, "typical_volume": 30844410.65, "trend": 235.554255, "fair_value": 177.960978, "relative_strength": -16.755988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.379391, "energy": 18.623947, "activity_lines": [ 224.253686, 218.685727, 210.505436, 218.639315 ] }, { "date": "2025-06-06", "close": 235.539734, "volume": 15827153, "typical_volume": 30787323.2, "trend": 233.237043, "fair_value": 179.099925, "relative_strength": -14.576141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.078908, "energy": 38.073779, "activity_lines": [ 229.269634, 222.458806, 212.927742, 218.638378 ] }, { "date": "2025-06-13", "close": 224.341476, "volume": 15144936, "typical_volume": 30899564.25, "trend": 231.473969, "fair_value": 180.191194, "relative_strength": -17.021944, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.125859, "energy": 29.502132, "activity_lines": [ 229.098013, 223.684395, 214.355025, 218.064471 ] }, { "date": "2025-06-20", "close": 219.113632, "volume": 10793598, "typical_volume": 30288075.9, "trend": 229.411218, "fair_value": 181.267332, "relative_strength": -19.544851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.249062, "energy": 15.503991, "activity_lines": [ 225.855697, 223.604284, 215.328595, 217.26703 ] }, { "date": "2025-06-27", "close": 227.519745, "volume": 14695437, "typical_volume": 27017588.55, "trend": 226.773866, "fair_value": 182.392835, "relative_strength": -17.573179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.695805, "energy": 15.287935, "activity_lines": [ 225.804205, 224.848593, 217.248909, 217.144999 ] }, { "date": "2025-07-04", "close": 222.549362, "volume": 25654856, "typical_volume": 25451599.35, "trend": 223.825618, "fair_value": 183.479245, "relative_strength": -18.107174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.765032, "energy": 9.558719, "activity_lines": [ 224.292625, 224.972989, 218.589816, 216.872451 ] }, { "date": "2025-07-11", "close": 219.618591, "volume": 8342362, "typical_volume": 24287646.05, "trend": 221.155923, "fair_value": 184.544458, "relative_strength": -17.535231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.33044, "energy": 9.219742, "activity_lines": [ 222.227892, 224.330489, 219.47635, 216.60103 ] }, { "date": "2025-07-18", "close": 225.321701, "volume": 18219715, "typical_volume": 24100039.1, "trend": 219.176343, "fair_value": 185.636587, "relative_strength": -14.254161, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.995002, "energy": 10.639221, "activity_lines": [ 223.125605, 224.617626, 220.741442, 216.869789 ] }, { "date": "2025-07-25", "close": 216.093765, "volume": 8798978, "typical_volume": 23215680.9, "trend": 217.166399, "fair_value": 186.668658, "relative_strength": -16.619813, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.29693, "energy": 7.249486, "activity_lines": [ 220.881991, 222.84693, 220.879823, 216.670913 ] }, { "date": "2025-08-01", "close": 211.935257, "volume": 12173716, "typical_volume": 22959346.85, "trend": 215.090446, "fair_value": 187.64846, "relative_strength": -16.541268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 17.317081, "energy": 14.352917, "activity_lines": [ 217.453533, 220.481081, 220.46416, 216.33342 ] }, { "date": "2025-08-08", "close": 219.975037, "volume": 37126373, "typical_volume": 22551826.25, "trend": 214.13729, "fair_value": 188.657766, "relative_strength": -11.994531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 14.811037, "energy": 12.203144, "activity_lines": [ 217.743967, 219.914011, 220.681279, 216.648555 ] }, { "date": "2025-08-15", "close": 218.440002, "volume": 6712184, "typical_volume": 18574101.1, "trend": 213.066959, "fair_value": 189.644493, "relative_strength": -12.981017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 12.903174, "energy": 14.071369, "activity_lines": [ 217.694344, 219.230225, 220.676106, 216.92615 ] }, { "date": "2025-08-22", "close": 216.960007, "volume": 7380217, "typical_volume": 18007748.35, "trend": 212.511662, "fair_value": 190.605267, "relative_strength": -13.734222, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 10.928858, "energy": 11.552306, "activity_lines": [ 217.229962, 218.588252, 220.47746, 217.177314 ] }, { "date": "2025-08-29", "close": 204.5, "volume": 8409208, "typical_volume": 17568007.7, "trend": 211.001417, "fair_value": 191.454478, "relative_strength": -16.555101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": -11.093095, "energy": 21.987554, "activity_lines": [ 213.169691, 215.815032, 219.034272, 216.660432 ] }, { "date": "2025-09-05", "close": 206.539993, "volume": 13547810, "typical_volume": 17230663.0, "trend": 211.044351, "fair_value": 192.313348, "relative_strength": -16.109826, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.903413, "energy": 35.341121, "activity_lines": [ 210.562335, 213.678422, 217.801538, 216.372599 ] }, { "date": "2025-09-12", "close": 208.720001, "volume": 9535530, "typical_volume": 16540902.05, "trend": 211.810132, "fair_value": 193.211359, "relative_strength": -15.823757, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.429559, "energy": 39.709377, "activity_lines": [ 209.041333, 212.319627, 216.819702, 216.222641 ] }, { "date": "2025-09-19", "close": 216.990005, "volume": 25755812, "typical_volume": 17047938.95, "trend": 212.874683, "fair_value": 194.161451, "relative_strength": -12.624981, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.363275, "energy": 29.20099, "activity_lines": [ 211.027334, 212.715913, 216.630047, 216.556826 ] }, { "date": "2025-09-26", "close": 202.509995, "volume": 7412439, "typical_volume": 16590339.3, "trend": 213.849314, "fair_value": 195.013751, "relative_strength": -15.69893, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.42487, "energy": 37.39259, "activity_lines": [ 208.283332, 210.527262, 215.045759, 215.888136 ] }, { "date": "2025-10-03", "close": 210.380005, "volume": 7847696, "typical_volume": 14941251.3, "trend": 214.764819, "fair_value": 195.906558, "relative_strength": -12.67203, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.942176, "energy": 20.345432, "activity_lines": [ 209.126001, 210.18428, 214.220093, 215.66431 ] }, { "date": "2025-10-10", "close": 210.779999, "volume": 6695268, "typical_volume": 13788316.2, "trend": 215.656694, "fair_value": 196.828959, "relative_strength": -13.255814, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.732875, "energy": 25.522869, "activity_lines": [ 209.710001, 210.01791, 213.501881, 215.407225 ] }, { "date": "2025-10-17", "close": 206.350006, "volume": 9752983, "typical_volume": 13491313.55, "trend": 215.735211, "fair_value": 197.706496, "relative_strength": -15.746077, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.989081, "energy": 36.268142, "activity_lines": [ 208.534669, 209.067092, 212.455528, 214.806793 ] }, { "date": "2025-10-24", "close": 209.559998, "volume": 5475330, "typical_volume": 12973722.4, "trend": 215.806864, "fair_value": 198.589696, "relative_strength": -14.15641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.573747, "energy": 25.85986, "activity_lines": [ 208.587334, 208.947637, 211.822298, 214.408393 ] }, { "date": "2025-10-31", "close": 212.369995, "volume": 13480855, "typical_volume": 12890518.35, "trend": 216.058984, "fair_value": 199.498055, "relative_strength": -11.957027, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.593937, "energy": 20.082105, "activity_lines": [ 210.071999, 209.500545, 211.580399, 214.186659 ] }, { "date": "2025-11-07", "close": 195.309998, "volume": 22026471, "typical_volume": 13452162.0, "trend": 215.639465, "fair_value": 200.306066, "relative_strength": -17.458287, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.083161, "energy": 49.759722, "activity_lines": [ 205.212665, 207.03509, 209.770746, 212.848015 ] }, { "date": "2025-11-14", "close": 184.130005, "volume": 33523574, "typical_volume": 14393568.85, "trend": 214.589518, "fair_value": 201.008855, "relative_strength": -22.689109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.470847, "energy": 72.58765, "activity_lines": [ 197.631334, 202.704, 207.009682, 210.815147 ] }, { "date": "2025-11-21", "close": 175.619995, "volume": 13595426, "typical_volume": 13790597.35, "trend": 213.454258, "fair_value": 201.630684, "relative_strength": -25.932063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.64774, "energy": 86.542008, "activity_lines": [ 188.989998, 197.23309, 203.644759, 208.300984 ] }, { "date": "2025-11-28", "close": 171.410004, "volume": 26111683, "typical_volume": 14679063.4, "trend": 212.044009, "fair_value": 202.230497, "relative_strength": -27.129602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.288514, "energy": 93.835683, "activity_lines": [ 180.994, 191.598546, 200.102358, 205.588451 ] }, { "date": "2025-12-05", "close": 168.160004, "volume": 15262482, "typical_volume": 14531201.75, "trend": 210.835334, "fair_value": 202.80202, "relative_strength": -27.506375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.89539, "energy": 93.058624, "activity_lines": [ 174.458002, 186.201819, 196.479998, 202.757225 ] }, { "date": "2025-12-12", "close": 160.660004, "volume": 14318526, "typical_volume": 14807179.15, "trend": 208.692486, "fair_value": 203.297815, "relative_strength": -29.460195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.349818, "energy": 94.253782, "activity_lines": [ 168.369336, 180.066001, 192.41555, 199.520107 ] }, { "date": "2025-12-19", "close": 155.899994, "volume": 14442665, "typical_volume": 14920626.6, "trend": 206.206808, "fair_value": 203.813429, "relative_strength": -30.409342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.817387, "energy": 94.074187, "activity_lines": [ 163.004, 173.968727, 188.161739, 196.11414 ] }, { "date": "2025-12-26", "close": 158.110001, "volume": 13730313, "typical_volume": 13750823.6, "trend": 203.846944, "fair_value": 204.305616, "relative_strength": -28.749427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.970546, "energy": 90.161623, "activity_lines": [ 160.257334, 169.271091, 184.385238, 193.01112 ] }, { "date": "2026-01-02", "close": 161.490005, "volume": 44624180, "typical_volume": 15646423.4, "trend": 201.378619, "fair_value": 204.755778, "relative_strength": -27.147763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.041763, "energy": 78.330886, "activity_lines": [ 159.804668, 166.065092, 181.225239, 190.278414 ] }, { "date": "2026-01-09", "close": 148.649994, "volume": 13682650, "typical_volume": 15961545.05, "trend": 198.85557, "fair_value": 205.126118, "relative_strength": -30.490096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.374079, "energy": 72.123973, "activity_lines": [ 155.733332, 161.398546, 177.113572, 186.876568 ] }, { "date": "2026-01-16", "close": 150.220001, "volume": 9744428, "typical_volume": 16028306.05, "trend": 196.559116, "fair_value": 205.507764, "relative_strength": -28.973889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.800635, "energy": 68.83795, "activity_lines": [ 153.485999, 158.176, 173.476715, 183.738789 ] }, { "date": "2026-01-23", "close": 141.820007, "volume": 13686488, "typical_volume": 16035239.95, "trend": 193.702458, "fair_value": 205.888382, "relative_strength": -30.493574, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.283886, "energy": 71.449543, "activity_lines": [ 149.134669, 154.246001, 169.298334, 180.207233 ] }, { "date": "2026-01-30", "close": 146.429993, "volume": 10033070, "typical_volume": 16060116.95, "trend": 191.165145, "fair_value": 206.252569, "relative_strength": -28.183967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.122329, "energy": 66.781973, "activity_lines": [ 147.258666, 151.923454, 165.867191, 177.157397 ] }, { "date": "2026-02-06", "close": 156.470001, "volume": 17603141, "typical_volume": 15652483.4, "trend": 189.060192, "fair_value": 206.672727, "relative_strength": -23.897529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.994179, "energy": 63.470693, "activity_lines": [ 149.508, 151.957091, 163.688857, 174.919001 ] }, { "date": "2026-02-13", "close": 151.929993, "volume": 12940200, "typical_volume": 15928871.45, "trend": 186.613802, "fair_value": 207.076209, "relative_strength": -25.075255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.838829, "energy": 59.942878, "activity_lines": [ 150.578664, 151.436908, 161.366333, 172.523504 ] }, { "date": "2026-02-20", "close": 149.070007, "volume": 36148935, "typical_volume": 17343933.4, "trend": 184.379677, "fair_value": 207.476893, "relative_strength": -26.366578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.068225, "energy": 52.020284, "activity_lines": [ 150.477334, 150.691818, 159.012286, 170.101324 ] }, { "date": "2026-02-27", "close": 152.639999, "volume": 10352326, "typical_volume": 17526786.3, "trend": 182.403168, "fair_value": 207.894558, "relative_strength": -23.097041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.823855, "energy": 40.186844, "activity_lines": [ 151.642666, 150.806545, 157.290191, 168.053602 ] }, { "date": "2026-03-06", "close": 141.020004, "volume": 11220716, "typical_volume": 17600172.95, "trend": 179.771334, "fair_value": 208.18119, "relative_strength": -26.414792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.035429, "energy": 52.783784, "activity_lines": [ 148.213335, 148.867819, 154.738286, 165.383721 ] }, { "date": "2026-03-13", "close": 144.279999, "volume": 19677015, "typical_volume": 18310257.2, "trend": 177.299334, "fair_value": 208.462932, "relative_strength": -20.099283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.538247, "energy": 48.896051, "activity_lines": [ 146.231334, 147.832546, 152.807953, 163.093957 ] }, { "date": "2026-03-20", "close": 140.589996, "volume": 16880758, "typical_volume": 18480252.35, "trend": 174.753667, "fair_value": 208.730963, "relative_strength": -21.505876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.980018, "energy": 51.77361, "activity_lines": [ 143.832, 146.439272, 150.837048, 160.725613 ] }, { "date": "2026-03-27", "close": 136.970001, "volume": 13702802, "typical_volume": 18064068.9, "trend": 172.502667, "fair_value": 208.94969, "relative_strength": -21.993475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.48254, "energy": 54.951851, "activity_lines": [ 140.982, 144.534363, 148.86319, 158.287957 ] }, { "date": "2026-04-03", "close": 141.710007, "volume": 9712461, "typical_volume": 16873513.25, "trend": 170.341667, "fair_value": 209.182025, "relative_strength": -18.364128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.769724, "energy": 48.013544, "activity_lines": [ 140.518669, 143.732183, 147.618572, 156.301334 ] }, { "date": "2026-04-10", "close": 153.059998, "volume": 14592086, "typical_volume": 16923346.25, "trend": 168.486334, "fair_value": 209.495194, "relative_strength": -16.150523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.846877, "energy": 37.279966, "activity_lines": [ 144.567334, 144.995637, 147.656905, 155.186387 ] }, { "date": "2026-04-17", "close": 161.259995, "volume": 13541953, "typical_volume": 16294859.75, "trend": 166.628667, "fair_value": 209.823645, "relative_strength": -12.21937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.551151, "energy": 12.661795, "activity_lines": [ 150.546666, 147.629454, 148.583619, 154.720172 ] }, { "date": "2026-04-24", "close": 161.990005, "volume": 20752206, "typical_volume": 16569345.95, "trend": 165.278, "fair_value": 210.117628, "relative_strength": -9.693404, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.344948, "energy": 14.161574, "activity_lines": [ 155.637334, 150.30891, 149.628191, 154.420904 ] }, { "date": "2026-05-01", "close": 163.839996, "volume": 14911468, "typical_volume": 16598993.05, "trend": 163.726667, "fair_value": 210.39209, "relative_strength": -8.584279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.202014, "energy": 23.989828, "activity_lines": [ 159.917999, 153.141818, 150.878333, 154.328129 ] }, { "date": "2026-05-08", "close": 170.039993, "volume": 13326336, "typical_volume": 16543176.6, "trend": 162.368667, "fair_value": 210.745753, "relative_strength": -5.465252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.097417, "energy": 44.323974, "activity_lines": [ 164.473997, 156.833453, 152.703809, 154.73544 ] }, { "date": "2026-05-15", "close": 160.679993, "volume": 14593718, "typical_volume": 16586346.85, "trend": 160.846333, "fair_value": 211.065514, "relative_strength": -8.135371, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.175001, "energy": 43.78332, "activity_lines": [ 164.021329, 158.506906, 153.570522, 154.626494 ] }, { "date": "2026-05-22", "close": 146.169998, "volume": 10687114, "typical_volume": 14889493.55, "trend": 158.733333, "fair_value": 211.296923, "relative_strength": -16.01903, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -17.421382, "energy": 17.86414, "activity_lines": [ 158.223996, 157.184725, 153.043094, 153.679633 ] }, { "date": "2026-05-29", "close": 152.029999, "volume": 7050777, "typical_volume": 14557899.9, "trend": 156.722, "fair_value": 211.475175, "relative_strength": -11.367275, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.422782, "energy": 5.029159, "activity_lines": [ 155.385997, 156.893634, 153.146713, 153.24716 ] }, { "date": "2026-06-05", "close": 146.279999, "volume": 1315067, "typical_volume": 14136431.85, "trend": 155.087666, "fair_value": 211.664103, "relative_strength": -13.335666, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.908158, "energy": 19.584328, "activity_lines": [ 151.295331, 155.349088, 152.686618, 152.573483 ] }, { "date": "2026-06-12", "close": 151.690002, "volume": 2514669, "typical_volume": 13577840.9, "trend": 154.006333, "fair_value": 211.885225, "relative_strength": -10.47247, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.604871, "energy": 21.101686, "activity_lines": [ 150.178666, 154.618907, 152.760523, 152.354279 ] }, { "date": "2026-06-19", "close": 155.839996, "volume": 3287428, "typical_volume": 13240558.8, "trend": 153.347, "fair_value": 212.14196, "relative_strength": -8.972101, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.556339, "energy": 10.841018, "activity_lines": [ 151.668665, 154.461816, 153.182665, 152.47258 ] }, { "date": "2026-06-26", "close": 153.589996, "volume": 0, "typical_volume": 12360401.75, "trend": 152.752999, "fair_value": 212.367804, "relative_strength": -9.840866, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.341363, "energy": 7.766199, "activity_lines": [ 152.731331, 153.845088, 153.345712, 152.488257 ] }, { "date": "2026-07-03", "close": 149.509995, "volume": 1234166, "typical_volume": 11775100.05, "trend": 152.131332, "fair_value": 212.534873, "relative_strength": -12.398847, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.835726, "energy": 6.616705, "activity_lines": [ 151.93933, 152.625997, 153.133903, 152.279031 ] }, { "date": "2026-07-10", "close": 145.759995, "volume": 8735761, "typical_volume": 10404441.35, "trend": 151.634665, "fair_value": 212.617008, "relative_strength": -13.730843, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.829438, "energy": 13.507048, "activity_lines": [ 150.065329, 150.951997, 152.576474, 151.867977 ] }, { "date": "2026-07-17", "close": 139.600006, "volume": 7845628, "typical_volume": 10279106.45, "trend": 151.091332, "fair_value": 212.641014, "relative_strength": -17.057978, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.70914, "energy": 44.998622, "activity_lines": [ 146.172666, 148.486726, 151.448141, 151.091547 ] }, { "date": "2026-07-24", "close": 137.089996, "volume": 5736172, "typical_volume": 10004879.25, "trend": 150.390666, "fair_value": 212.594249, "relative_strength": -15.921148, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -74.306184, "energy": 72.552026, "activity_lines": [ 142.249332, 146.118544, 150.142855, 150.188235 ] }, { "date": "2026-07-31", "close": 141.350006, "volume": 6742064, "typical_volume": 9358131.7, "trend": 149.719332, "fair_value": 212.547762, "relative_strength": -14.823214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.682995, "energy": 70.100501, "activity_lines": [ 140.996001, 144.953818, 149.261999, 149.604967 ] }, { "date": "2026-08-07", "close": 145.589996, "volume": 11574155, "typical_volume": 9092801.55, "trend": 149.617332, "fair_value": 212.518512, "relative_strength": -12.165821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.947053, "energy": 64.229285, "activity_lines": [ 141.972, 144.647635, 148.798903, 149.338558 ] } ], "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." } } }