{ "ticker": { "uuid": "9a3991c0-6757-4d6f-a1bb-96ba4e76a74e", "symbol": "3014", "name": "ITE Tech. Inc", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-21", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 83.165, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 6.309, "architecture_energy": 10.828, "architecture_maturity": 40.305, "architecture_confidence": 74.141, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 55.75, "rotation_up": 17.79, "upward_expansion": 44.99, "deceleration": 85.5, "rotation_down": 38.63, "downward_expansion": 32.32 }, "activity_lines": [ 130.666667, 132.537774, 135.043783, 131.310487 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 130.0, "trend_reference": 125.953286, "distance_from_trend": 0.032129, "trend_direction": "Improving", "fair_value": 127.86096, "distance_from_fair_value": 0.016729, "fair_value_direction": "Weakening", "relative_strength": -22.289744, "relative_strength_direction": "Improving", "price_momentum": 0.151651, "excess_performance": -0.194081, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.032129, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.071851, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.016729, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.102662, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.222897, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005342, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.151651, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.368018, "read": "Demand-led" } ], "volume": { "latest": 3609516, "relative_activity": 0.360592, "balance": 1.368018, "dry_up": 0.633767, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.092349, "annualized_volatility": 0.318092, "from_high_reference": -0.195191, "from_low_reference": 0.245451 }, "levels": { "trend_reference": 125.953286, "fair_value_reference": 127.86096, "structural_low": 105.796812, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.012384, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.028199, "regime_survival": 0.8, "best_return": 0.119048, "worst_return": -0.056426, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.022704, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.08717, "regime_survival": 0.5, "best_return": 0.098039, "worst_return": -0.052632, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.040248, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.191322, "regime_survival": 0.0, "best_return": 0.040248, "worst_return": 0.040248, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.101819, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.48179, "regime_survival": 0.0, "best_return": -0.101819, "worst_return": -0.101819, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-11-15", "tenure": "Developing", "return": -0.013793, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2025-02-21", "tenure": "Established", "return": 0.112676, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": -0.090032, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.032922, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-06-20", "tenure": "Developing", "return": 0.026718, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-25", "tenure": "Developing", "return": 0.017176, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": -0.037313, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-11-14", "tenure": "Developing", "return": -0.08209, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-11-28", "tenure": "New", "return": 0.025532, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-03-06", "tenure": "Established", "return": 0.004167, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-05-01", "tenure": "Developing", "return": 0.046414, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": 0.00369, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-07-17", "tenure": "Developing", "return": -0.105884, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-21", "tenure": "Developing", "return": 0.007752, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 113.339073, "volume": 19574628, "typical_volume": 13863564.25, "trend": 85.917611, "fair_value": 68.21702, "relative_strength": 48.487442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.068058, "energy": 66.183513, "activity_lines": [ 117.692873, 113.231072, 103.524085, 95.696021 ] }, { "date": "2023-08-25", "close": 116.288429, "volume": 11610546, "typical_volume": 14382486.75, "trend": 87.79969, "fair_value": 68.651197, "relative_strength": 49.403897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.111121, "energy": 57.861414, "activity_lines": [ 116.906383, 114.610746, 105.600466, 97.655428 ] }, { "date": "2023-09-01", "close": 116.288429, "volume": 12474365, "typical_volume": 14764106.95, "trend": 89.484217, "fair_value": 69.097824, "relative_strength": 45.996707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.8372, "energy": 50.140887, "activity_lines": [ 115.810913, 115.652593, 107.466328, 99.493412 ] }, { "date": "2023-09-08", "close": 136.933838, "volume": 54397492, "typical_volume": 17385121.65, "trend": 91.774166, "fair_value": 69.684521, "relative_strength": 69.531728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.646396, "energy": 64.495076, "activity_lines": [ 122.720806, 120.111083, 111.095147, 102.554678 ] }, { "date": "2023-09-15", "close": 150.837891, "volume": 57910578, "typical_volume": 20164484.6, "trend": 94.519575, "fair_value": 70.335446, "relative_strength": 79.190687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.580779, "energy": 73.271333, "activity_lines": [ 133.113735, 126.331519, 115.729416, 106.36524 ] }, { "date": "2023-09-22", "close": 138.619171, "volume": 36164771, "typical_volume": 21634790.3, "trend": 96.766926, "fair_value": 70.90547, "relative_strength": 67.34131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.773975, "energy": 76.259442, "activity_lines": [ 137.074281, 129.388111, 118.819238, 109.210376 ] }, { "date": "2023-09-29", "close": 132.299149, "volume": 17320064, "typical_volume": 21535561.5, "trend": 98.790262, "fair_value": 71.452154, "relative_strength": 56.958722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.511555, "energy": 76.455362, "activity_lines": [ 137.242814, 130.675097, 121.01318, 111.502777 ] }, { "date": "2023-10-06", "close": 137.776505, "volume": 23348606, "typical_volume": 22042504.85, "trend": 101.028212, "fair_value": 72.02064, "relative_strength": 58.934013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.49296, "energy": 60.257053, "activity_lines": [ 138.16975, 132.582595, 123.487781, 114.018019 ] }, { "date": "2023-10-13", "close": 139.461853, "volume": 19130144, "typical_volume": 22325506.85, "trend": 103.367724, "fair_value": 72.624401, "relative_strength": 55.630479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.282015, "energy": 53.754601, "activity_lines": [ 138.225931, 134.712253, 125.869161, 116.497608 ] }, { "date": "2023-10-20", "close": 137.355164, "volume": 17889910, "typical_volume": 22848324.05, "trend": 105.58362, "fair_value": 73.20693, "relative_strength": 53.835387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.65237, "energy": 46.649078, "activity_lines": [ 137.411348, 136.098826, 127.807218, 118.690346 ] }, { "date": "2023-10-27", "close": 135.248489, "volume": 20229367, "typical_volume": 23034837.4, "trend": 107.694588, "fair_value": 73.762645, "relative_strength": 51.818296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.047326, "energy": 45.282466, "activity_lines": [ 136.793388, 136.704015, 129.321519, 120.604209 ] }, { "date": "2023-11-03", "close": 136.091171, "volume": 22853541, "typical_volume": 23270315.9, "trend": 109.828307, "fair_value": 74.325909, "relative_strength": 46.95791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.607456, "energy": 39.258633, "activity_lines": [ 136.681034, 137.064066, 130.720149, 122.436246 ] }, { "date": "2023-11-10", "close": 126.400459, "volume": 25721202, "typical_volume": 24186139.95, "trend": 111.58828, "fair_value": 74.827912, "relative_strength": 33.359907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.861795, "energy": 27.970681, "activity_lines": [ 133.085642, 135.302119, 131.013077, 123.505418 ] }, { "date": "2023-11-17", "close": 129.771149, "volume": 13064339, "typical_volume": 24495578.15, "trend": 113.580741, "fair_value": 75.363972, "relative_strength": 31.117948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.599235, "energy": 20.773485, "activity_lines": [ 131.372216, 133.96917, 131.49059, 124.678506 ] }, { "date": "2023-11-24", "close": 131.456482, "volume": 8101488, "typical_volume": 24495506.2, "trend": 115.600015, "fair_value": 75.913411, "relative_strength": 30.613767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.32294, "energy": 17.989262, "activity_lines": [ 130.866614, 133.072876, 131.962084, 125.831779 ] }, { "date": "2023-12-01", "close": 134.405838, "volume": 7429752, "typical_volume": 24041539.4, "trend": 117.517379, "fair_value": 76.47961, "relative_strength": 30.714788, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.655384, "energy": 18.725351, "activity_lines": [ 131.737377, 133.065218, 132.559979, 127.045058 ] }, { "date": "2023-12-08", "close": 133.563171, "volume": 7613058, "typical_volume": 23482698.45, "trend": 119.246477, "fair_value": 77.028815, "relative_strength": 28.713296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.295754, "energy": 19.782711, "activity_lines": [ 132.383427, 132.980953, 132.935169, 128.080271 ] }, { "date": "2023-12-15", "close": 130.613815, "volume": 8082635, "typical_volume": 21790014.85, "trend": 120.783827, "fair_value": 77.559544, "relative_strength": 22.514726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.511462, "energy": 17.185038, "activity_lines": [ 132.214892, 132.33746, 132.925138, 128.813647 ] }, { "date": "2023-12-22", "close": 125.136459, "volume": 14088277, "typical_volume": 21029780.35, "trend": 122.005118, "fair_value": 78.050009, "relative_strength": 16.733028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.746213, "energy": 6.717124, "activity_lines": [ 129.939682, 130.828314, 132.405491, 129.094462 ] }, { "date": "2023-12-29", "close": 126.821793, "volume": 8503780, "typical_volume": 20275427.15, "trend": 123.215846, "fair_value": 78.567163, "relative_strength": 14.989396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.244428, "energy": 10.831276, "activity_lines": [ 128.535228, 129.886055, 132.02027, 129.405216 ] }, { "date": "2024-01-05", "close": 128.928482, "volume": 5598051, "typical_volume": 19576598.3, "trend": 124.376664, "fair_value": 79.101685, "relative_strength": 18.458744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.10031, "energy": 14.837447, "activity_lines": [ 128.141984, 129.518346, 131.781514, 129.773773 ] }, { "date": "2024-01-12", "close": 128.507141, "volume": 4758713, "typical_volume": 19234006.65, "trend": 125.403306, "fair_value": 79.633936, "relative_strength": 16.968403, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.835631, "energy": 14.898231, "activity_lines": [ 127.97345, 129.188938, 131.428396, 130.040255 ] }, { "date": "2024-01-19", "close": 127.243126, "volume": 4800457, "typical_volume": 18850311.25, "trend": 126.38642, "fair_value": 80.157225, "relative_strength": 13.621476, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.400076, "energy": 12.767324, "activity_lines": [ 127.720646, 128.767601, 130.89671, 130.158953 ] }, { "date": "2024-01-26", "close": 123.872459, "volume": 4777997, "typical_volume": 16369336.5, "trend": 127.35549, "fair_value": 80.655903, "relative_strength": 7.743262, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.582721, "energy": 24.999231, "activity_lines": [ 126.568999, 127.718095, 129.991844, 129.996762 ] }, { "date": "2024-02-02", "close": 128.928482, "volume": 3779575, "typical_volume": 13662786.35, "trend": 128.35265, "fair_value": 81.143199, "relative_strength": 10.762869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.80071, "energy": 16.856432, "activity_lines": [ 127.186959, 127.695114, 129.6307, 130.098246 ] }, { "date": "2024-02-09", "close": 129.771149, "volume": 1096980, "typical_volume": 11909396.8, "trend": 129.19532, "fair_value": 81.650494, "relative_strength": 10.344451, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.729925, "energy": 11.886649, "activity_lines": [ 127.945363, 127.871309, 129.454142, 130.189762 ] }, { "date": "2024-02-16", "close": 142.832535, "volume": 13313189, "typical_volume": 11709053.05, "trend": 130.234613, "fair_value": 82.258689, "relative_strength": 16.988087, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 49.615415, "energy": 29.98786, "activity_lines": [ 133.001384, 130.506568, 130.563658, 131.069582 ] }, { "date": "2024-02-23", "close": 138.619171, "volume": 10430948, "typical_volume": 11063170.15, "trend": 130.417191, "fair_value": 82.828283, "relative_strength": 10.949447, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.293498, "energy": 49.174172, "activity_lines": [ 135.697924, 132.207228, 131.221742, 131.610521 ] }, { "date": "2024-03-01", "close": 139.461853, "volume": 8316736, "typical_volume": 10522499.75, "trend": 131.077283, "fair_value": 83.36507, "relative_strength": 10.456341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.802843, "energy": 61.892542, "activity_lines": [ 137.916956, 133.91555, 131.956069, 132.194048 ] }, { "date": "2024-03-08", "close": 142.411194, "volume": 10990686, "typical_volume": 10177538.55, "trend": 131.976131, "fair_value": 83.888562, "relative_strength": 7.131802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.105463, "energy": 74.376407, "activity_lines": [ 140.079808, 135.899655, 132.971285, 132.925268 ] }, { "date": "2024-03-15", "close": 140.30452, "volume": 22415296, "typical_volume": 10286835.0, "trend": 132.874979, "fair_value": 84.419158, "relative_strength": 5.301075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.814457, "energy": 66.649867, "activity_lines": [ 140.641587, 137.217284, 133.76179, 133.462583 ] }, { "date": "2024-03-22", "close": 148.309875, "volume": 25904536, "typical_volume": 10439384.75, "trend": 133.94236, "fair_value": 84.986903, "relative_strength": 7.426864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.532897, "energy": 72.056099, "activity_lines": [ 143.169594, 139.783595, 135.290633, 134.458383 ] }, { "date": "2024-03-29", "close": 147.045868, "volume": 14580596, "typical_volume": 9882354.45, "trend": 134.967608, "fair_value": 85.527225, "relative_strength": 5.359296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.192077, "energy": 66.987636, "activity_lines": [ 144.911109, 141.760037, 136.64091, 135.303771 ] }, { "date": "2024-04-05", "close": 141.568512, "volume": 7056468, "typical_volume": 9581960.9, "trend": 135.122098, "fair_value": 86.021274, "relative_strength": 0.542101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.043058, "energy": 46.033884, "activity_lines": [ 144.265059, 142.380547, 137.371223, 135.729635 ] }, { "date": "2024-04-12", "close": 139.461853, "volume": 7191927, "typical_volume": 9536482.85, "trend": 134.742896, "fair_value": 86.495378, "relative_strength": -3.424349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.309422, "energy": 39.944779, "activity_lines": [ 142.776346, 142.296281, 137.844724, 136.00962 ] }, { "date": "2024-04-19", "close": 132.299149, "volume": 7305702, "typical_volume": 9530280.35, "trend": 134.532229, "fair_value": 86.841137, "relative_strength": -3.321158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.979007, "energy": 14.491827, "activity_lines": [ 139.096687, 140.718189, 137.597941, 135.851959 ] }, { "date": "2024-04-26", "close": 136.933838, "volume": 4957897, "typical_volume": 9397522.3, "trend": 134.686719, "fair_value": 87.205872, "relative_strength": -3.48299, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.025253, "energy": 20.869531, "activity_lines": [ 137.495616, 139.936805, 137.80259, 136.006901 ] }, { "date": "2024-05-03", "close": 141.568512, "volume": 6426674, "typical_volume": 9314724.25, "trend": 134.813119, "fair_value": 87.570264, "relative_strength": -1.793266, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.239543, "energy": 21.07923, "activity_lines": [ 138.197838, 140.105337, 138.432585, 136.450888 ] }, { "date": "2024-05-10", "close": 137.776505, "volume": 7656481, "typical_volume": 8993134.45, "trend": 134.75694, "fair_value": 87.933961, "relative_strength": -6.521512, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.801794, "energy": 17.28664, "activity_lines": [ 138.001216, 139.530789, 138.649271, 136.642074 ] }, { "date": "2024-05-17", "close": 139.883179, "volume": 5877387, "typical_volume": 8861814.8, "trend": 134.841208, "fair_value": 88.336922, "relative_strength": -7.883595, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.541172, "energy": 14.719247, "activity_lines": [ 138.759618, 139.369916, 139.006402, 136.972799 ] }, { "date": "2024-05-24", "close": 143.675201, "volume": 18344180, "typical_volume": 9499121.25, "trend": 135.122098, "fair_value": 88.824297, "relative_strength": -7.058178, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.943083, "energy": 27.508871, "activity_lines": [ 140.75394, 139.944465, 139.662482, 137.542734 ] }, { "date": "2024-05-31", "close": 147.467209, "volume": 19686930, "typical_volume": 10245532.1, "trend": 135.501299, "fair_value": 89.286607, "relative_strength": -3.244789, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.49423, "energy": 39.924554, "activity_lines": [ 143.253861, 141.147185, 140.609482, 138.339193 ] }, { "date": "2024-06-07", "close": 144.517883, "volume": 14380183, "typical_volume": 10724518.4, "trend": 136.105213, "fair_value": 89.687078, "relative_strength": -8.401932, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.475064, "energy": 44.659525, "activity_lines": [ 144.068448, 141.828985, 141.185308, 138.920908 ] }, { "date": "2024-06-14", "close": 148.731216, "volume": 7533696, "typical_volume": 10862303.35, "trend": 136.737216, "fair_value": 90.13817, "relative_strength": -8.671816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.036796, "energy": 58.012593, "activity_lines": [ 146.090855, 143.322809, 142.080143, 139.735489 ] }, { "date": "2024-06-21", "close": 150.837891, "volume": 5535301, "typical_volume": 10950089.65, "trend": 137.383263, "fair_value": 90.553395, "relative_strength": -10.551489, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.595585, "energy": 66.349825, "activity_lines": [ 148.085172, 145.069434, 143.057239, 140.64521 ] }, { "date": "2024-06-28", "close": 143.675201, "volume": 7289734, "typical_volume": 11259727.35, "trend": 137.692241, "fair_value": 90.935584, "relative_strength": -14.1253, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.493042, "energy": 46.855539, "activity_lines": [ 146.961613, 145.306914, 143.247843, 141.051141 ] }, { "date": "2024-07-05", "close": 151.259216, "volume": 11989045, "typical_volume": 11193520.15, "trend": 138.28211, "fair_value": 91.387855, "relative_strength": -11.716739, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.951205, "energy": 51.780044, "activity_lines": [ 148.366058, 146.716469, 144.094525, 141.92643 ] }, { "date": "2024-07-12", "close": 148.269989, "volume": 8943385, "typical_volume": 11119142.0, "trend": 138.870649, "fair_value": 91.805939, "relative_strength": -14.799867, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.612337, "energy": 35.846215, "activity_lines": [ 148.521294, 147.322067, 144.616391, 142.570809 ] }, { "date": "2024-07-19", "close": 138.561829, "volume": 6176155, "typical_volume": 11012112.95, "trend": 139.318161, "fair_value": 92.16823, "relative_strength": -16.621328, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.6036, "energy": 13.11878, "activity_lines": [ 145.190336, 146.0407, 144.167715, 142.550885 ] }, { "date": "2024-07-26", "close": 135.031586, "volume": 4787223, "typical_volume": 10701939.8, "trend": 139.591821, "fair_value": 92.490718, "relative_strength": -15.634346, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.964959, "energy": 10.609704, "activity_lines": [ 141.36059, 144.103192, 143.38711, 142.274332 ] }, { "date": "2024-08-02", "close": 130.618805, "volume": 4666110, "typical_volume": 9814480.5, "trend": 139.648165, "fair_value": 92.789213, "relative_strength": -16.339459, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -32.281604, "energy": 31.657025, "activity_lines": [ 137.11367, 141.45157, 142.221382, 141.695428 ] }, { "date": "2024-08-09", "close": 124.44088, "volume": 8433035, "typical_volume": 8940905.45, "trend": 139.512623, "fair_value": 93.045959, "relative_strength": -19.419999, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -49.048043, "energy": 56.094294, "activity_lines": [ 131.677868, 137.914079, 140.513402, 140.714313 ] }, { "date": "2024-08-16", "close": 127.971115, "volume": 2759051, "typical_volume": 8349828.2, "trend": 139.536889, "fair_value": 93.282402, "relative_strength": -20.14343, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.572215, "energy": 63.080681, "activity_lines": [ 129.206701, 135.437109, 139.255297, 139.969699 ] }, { "date": "2024-08-23", "close": 127.088562, "volume": 2549676, "typical_volume": 8124488.6, "trend": 139.644093, "fair_value": 93.573293, "relative_strength": -19.725337, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.610708, "energy": 75.300154, "activity_lines": [ 127.794607, 133.100525, 138.003972, 139.166581 ] }, { "date": "2024-08-30", "close": 127.971115, "volume": 2801460, "typical_volume": 7904965.25, "trend": 139.61218, "fair_value": 93.895601, "relative_strength": -19.298064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.031353, "energy": 71.679805, "activity_lines": [ 127.441582, 131.317908, 136.905651, 138.413486 ] }, { "date": "2024-09-06", "close": 118.262962, "volume": 5375565, "typical_volume": 7808458.4, "trend": 139.228574, "fair_value": 94.154753, "relative_strength": -21.943998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.855032, "energy": 73.064919, "activity_lines": [ 124.323204, 128.185932, 134.937463, 137.036117 ] }, { "date": "2024-09-13", "close": 122.234489, "volume": 5416014, "typical_volume": 7831364.25, "trend": 138.541973, "fair_value": 94.434847, "relative_strength": -19.806391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.497483, "energy": 62.27877, "activity_lines": [ 123.352392, 126.238093, 133.414354, 135.939725 ] }, { "date": "2024-09-20", "close": 119.586807, "volume": 4934877, "typical_volume": 7756774.4, "trend": 137.90756, "fair_value": 94.718288, "relative_strength": -22.300902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.163912, "energy": 60.250321, "activity_lines": [ 121.646111, 124.336579, 131.709081, 134.716811 ] }, { "date": "2024-09-27", "close": 125.323448, "volume": 6857264, "typical_volume": 7716813.55, "trend": 137.43628, "fair_value": 95.054306, "relative_strength": -20.367411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.295057, "energy": 49.148043, "activity_lines": [ 122.410998, 123.999603, 130.65483, 133.904932 ] }, { "date": "2024-10-04", "close": 121.793198, "volume": 2521473, "typical_volume": 7549017.85, "trend": 136.749014, "fair_value": 95.367695, "relative_strength": -20.16499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.847392, "energy": 46.213285, "activity_lines": [ 122.11681, 123.261462, 129.323665, 132.895701 ] }, { "date": "2024-10-11", "close": 123.117043, "volume": 2689454, "typical_volume": 6766281.55, "trend": 136.176098, "fair_value": 95.714855, "relative_strength": -20.754097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.06395, "energy": 41.41257, "activity_lines": [ 122.675764, 123.004717, 128.204724, 132.016219 ] }, { "date": "2024-10-18", "close": 122.234489, "volume": 3130023, "typical_volume": 5938436.2, "trend": 135.306918, "fair_value": 96.035588, "relative_strength": -22.592628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.528335, "energy": 38.012209, "activity_lines": [ 122.616928, 122.723904, 127.099625, 131.116761 ] }, { "date": "2024-10-25", "close": 125.323448, "volume": 3859840, "typical_volume": 5412419.05, "trend": 134.582838, "fair_value": 96.397343, "relative_strength": -19.470143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.542786, "energy": 31.830194, "activity_lines": [ 123.587745, 123.044836, 126.408869, 130.472666 ] }, { "date": "2024-11-01", "close": 122.234489, "volume": 2712518, "typical_volume": 5171360.15, "trend": 133.93837, "fair_value": 96.718076, "relative_strength": -18.821169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.360712, "energy": 30.343639, "activity_lines": [ 123.146466, 122.852278, 125.515329, 129.675998 ] }, { "date": "2024-11-08", "close": 131.060074, "volume": 15641047, "typical_volume": 5676647.45, "trend": 133.658311, "fair_value": 97.08861, "relative_strength": -15.323608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.50515, "energy": 17.514327, "activity_lines": [ 125.852979, 124.352628, 125.588495, 129.490302 ] }, { "date": "2024-11-15", "close": 126.206001, "volume": 6389494, "typical_volume": 5631635.45, "trend": 133.455206, "fair_value": 97.42577, "relative_strength": -15.056539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.95457, "energy": 17.554442, "activity_lines": [ 126.323677, 124.914257, 125.293549, 129.009508 ] }, { "date": "2024-11-22", "close": 125.323448, "volume": 4835213, "typical_volume": 5273943.85, "trend": 133.068193, "fair_value": 97.745984, "relative_strength": -15.716389, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.062802, "energy": 12.962795, "activity_lines": [ 126.294259, 125.171002, 124.997737, 128.484878 ] }, { "date": "2024-11-29", "close": 123.999603, "volume": 4564313, "typical_volume": 5054990.25, "trend": 132.482563, "fair_value": 98.05094, "relative_strength": -13.655768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.759684, "energy": 13.897745, "activity_lines": [ 125.61763, 125.130885, 124.699347, 127.899808 ] }, { "date": "2024-12-06", "close": 128.853668, "volume": 6821880, "typical_volume": 5087276.5, "trend": 132.185135, "fair_value": 98.414103, "relative_strength": -13.326772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.121785, "energy": 8.412207, "activity_lines": [ 126.647278, 125.893093, 124.978823, 127.665685 ] }, { "date": "2024-12-13", "close": 127.971115, "volume": 8330575, "typical_volume": 5264444.1, "trend": 131.788066, "fair_value": 98.742259, "relative_strength": -12.795218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.162155, "energy": 7.440737, "activity_lines": [ 126.941464, 126.430651, 125.220476, 127.393813 ] }, { "date": "2024-12-20", "close": 128.412399, "volume": 16120913, "typical_volume": 5837184.25, "trend": 131.279306, "fair_value": 99.098078, "relative_strength": -10.12966, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.24761, "energy": 8.078567, "activity_lines": [ 127.588674, 126.936117, 125.537777, 127.176028 ] }, { "date": "2024-12-27", "close": 131.060074, "volume": 9742119, "typical_volume": 5902638.45, "trend": 130.732401, "fair_value": 99.464096, "relative_strength": -10.90377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.00396, "energy": 11.11038, "activity_lines": [ 128.97135, 127.826699, 126.117744, 127.161884 ] }, { "date": "2025-01-03", "close": 129.736237, "volume": 2786520, "typical_volume": 5904011.9, "trend": 130.23968, "fair_value": 99.812598, "relative_strength": -9.924472, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.346457, "energy": 14.328191, "activity_lines": [ 129.530305, 128.316118, 126.540112, 127.097616 ] }, { "date": "2025-01-10", "close": 124.44088, "volume": 4383628, "typical_volume": 5995709.5, "trend": 129.430002, "fair_value": 100.120382, "relative_strength": -13.47903, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.76242, "energy": 10.081708, "activity_lines": [ 127.941699, 127.762512, 126.449755, 126.723499 ] }, { "date": "2025-01-17", "close": 122.234489, "volume": 3000692, "typical_volume": 6005671.1, "trend": 128.476555, "fair_value": 100.429826, "relative_strength": -15.012228, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.744494, "energy": 16.133136, "activity_lines": [ 125.911815, 126.767629, 126.161873, 126.259273 ] }, { "date": "2025-01-24", "close": 125.323448, "volume": 1633419, "typical_volume": 5818563.8, "trend": 127.86483, "fair_value": 100.772617, "relative_strength": -13.847053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.292705, "energy": 14.921041, "activity_lines": [ 125.294026, 126.494839, 126.195495, 126.055846 ] }, { "date": "2025-02-07", "close": 126.206001, "volume": 2474416, "typical_volume": 5671483.9, "trend": 127.029723, "fair_value": 101.121066, "relative_strength": -12.586722, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.749093, "energy": 17.634558, "activity_lines": [ 125.176351, 126.39856, 126.279548, 125.948825 ] }, { "date": "2025-02-14", "close": 137.679276, "volume": 9300235, "typical_volume": 5889751.8, "trend": 126.676699, "fair_value": 101.552995, "relative_strength": -2.926981, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.5897, "energy": 27.646253, "activity_lines": [ 129.206706, 128.372284, 127.437382, 126.635893 ] }, { "date": "2025-02-21", "close": 139.444397, "volume": 5089278, "typical_volume": 5801352.5, "trend": 126.706118, "fair_value": 101.938894, "relative_strength": -3.530596, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.753394, "energy": 68.252292, "activity_lines": [ 133.295898, 130.418218, 128.677168, 127.459616 ] }, { "date": "2025-02-28", "close": 137.237991, "volume": 4744810, "typical_volume": 5912519.35, "trend": 126.779665, "fair_value": 102.288073, "relative_strength": -1.839194, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.124116, "energy": 71.067244, "activity_lines": [ 135.649388, 131.870429, 129.639578, 128.139091 ] }, { "date": "2025-03-07", "close": 135.031586, "volume": 3622605, "typical_volume": 5959176.9, "trend": 126.926758, "fair_value": 102.666003, "relative_strength": -0.941575, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.346084, "energy": 71.075464, "activity_lines": [ 136.267176, 132.752987, 130.318307, 128.671473 ] }, { "date": "2025-03-14", "close": 132.825195, "volume": 3209015, "typical_volume": 5963126.5, "trend": 127.206235, "fair_value": 103.000441, "relative_strength": 0.505323, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.922061, "energy": 63.093239, "activity_lines": [ 135.502291, 133.114034, 130.730168, 129.052018 ] }, { "date": "2025-03-21", "close": 133.707764, "volume": 2074004, "typical_volume": 5873834.7, "trend": 127.397457, "fair_value": 103.345052, "relative_strength": 0.430758, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.342422, "energy": 36.923537, "activity_lines": [ 134.590316, 133.603454, 131.175651, 129.471471 ] }, { "date": "2025-03-28", "close": 127.971115, "volume": 3171395, "typical_volume": 5896778.55, "trend": 127.426875, "fair_value": 103.666435, "relative_strength": -0.732473, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.621653, "energy": 15.442912, "activity_lines": [ 132.030892, 132.977638, 131.034861, 129.508481 ] }, { "date": "2025-04-04", "close": 124.882156, "volume": 2364253, "typical_volume": 5232938.85, "trend": 127.32391, "fair_value": 103.958986, "relative_strength": -1.303252, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.358942, "energy": 14.897683, "activity_lines": [ 129.206701, 131.726007, 130.572568, 129.344306 ] }, { "date": "2025-04-11", "close": 107.230972, "volume": 6269628, "typical_volume": 5226945.55, "trend": 126.956177, "fair_value": 104.138389, "relative_strength": -7.132743, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -47.161926, "energy": 42.090966, "activity_lines": [ 121.322503, 127.216931, 128.458628, 128.047987 ] }, { "date": "2025-04-18", "close": 111.202492, "volume": 4845643, "typical_volume": 5227467.05, "trend": 126.588443, "fair_value": 104.361311, "relative_strength": -2.715284, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.62499, "energy": 65.644472, "activity_lines": [ 116.615521, 123.758903, 126.813285, 127.031621 ] }, { "date": "2025-04-25", "close": 110.761215, "volume": 2395175, "typical_volume": 5119010.15, "trend": 126.294257, "fair_value": 104.617528, "relative_strength": -5.058328, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.899181, "energy": 81.266015, "activity_lines": [ 113.202959, 120.493434, 125.193159, 126.010509 ] }, { "date": "2025-05-02", "close": 115.615288, "volume": 2378631, "typical_volume": 4896847.7, "trend": 125.970652, "fair_value": 104.907118, "relative_strength": -4.871613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.654711, "energy": 77.733396, "activity_lines": [ 112.938192, 118.599943, 124.098365, 125.321543 ] }, { "date": "2025-05-09", "close": 118.704247, "volume": 4778366, "typical_volume": 4719237.25, "trend": 125.867687, "fair_value": 105.232764, "relative_strength": -2.511972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.22137, "energy": 60.127038, "activity_lines": [ 114.526799, 117.701338, 123.360798, 124.852743 ] }, { "date": "2025-05-16", "close": 123.117043, "volume": 5934423, "typical_volume": 4209912.75, "trend": 125.867687, "fair_value": 105.579022, "relative_strength": -2.860255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.567902, "energy": 32.262952, "activity_lines": [ 117.998199, 117.942036, 123.087624, 124.675282 ] }, { "date": "2025-05-23", "close": 121.351921, "volume": 2820885, "typical_volume": 3863851.05, "trend": 125.838268, "fair_value": 105.928413, "relative_strength": -3.093021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.246921, "energy": 20.165754, "activity_lines": [ 119.822154, 118.078431, 122.67156, 124.383942 ] }, { "date": "2025-05-30", "close": 119.145531, "volume": 2666169, "typical_volume": 3857833.5, "trend": 125.632337, "fair_value": 106.250567, "relative_strength": -3.147702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.666835, "energy": 21.897459, "activity_lines": [ 120.234017, 118.022269, 122.091593, 123.952153 ] }, { "date": "2025-06-06", "close": 119.586807, "volume": 2811430, "typical_volume": 3779223.6, "trend": 125.544081, "fair_value": 106.59045, "relative_strength": -3.731567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.45951, "energy": 20.41479, "activity_lines": [ 120.234017, 118.311107, 121.604084, 123.562119 ] }, { "date": "2025-06-13", "close": 119.586807, "volume": 2387955, "typical_volume": 3748586.75, "trend": 125.161639, "fair_value": 106.89421, "relative_strength": -5.150031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.492845, "energy": 17.48968, "activity_lines": [ 119.969249, 118.752387, 121.13969, 123.177779 ] }, { "date": "2025-06-20", "close": 118.704247, "volume": 3034729, "typical_volume": 3818652.25, "trend": 124.91158, "fair_value": 107.218953, "relative_strength": -5.343622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.409106, "energy": 19.793523, "activity_lines": [ 119.351458, 119.12948, 120.60385, 122.761173 ] }, { "date": "2025-06-27", "close": 124.44088, "volume": 12726267, "typical_volume": 4331244.8, "trend": 124.882161, "fair_value": 107.609368, "relative_strength": -2.796773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.042253, "energy": 11.399718, "activity_lines": [ 120.940064, 120.340993, 120.645877, 122.730805 ] }, { "date": "2025-07-04", "close": 123.999603, "volume": 7710223, "typical_volume": 4251744.2, "trend": 124.882161, "fair_value": 108.022691, "relative_strength": -2.75792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.146723, "energy": 9.042057, "activity_lines": [ 122.175646, 121.231576, 120.654282, 122.673866 ] }, { "date": "2025-07-11", "close": 121.855255, "volume": 9222138, "typical_volume": 4458387.2, "trend": 124.648881, "fair_value": 108.454327, "relative_strength": -4.950186, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.271862, "energy": 11.878035, "activity_lines": [ 122.372842, 121.491579, 120.523605, 122.478581 ] }, { "date": "2025-07-18", "close": 126.106026, "volume": 3983528, "typical_volume": 4420323.1, "trend": 124.586711, "fair_value": 108.902375, "relative_strength": -4.029448, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.690556, "energy": 14.665032, "activity_lines": [ 123.835731, 122.410996, 120.881522, 122.572591 ] }, { "date": "2025-07-25", "close": 126.578331, "volume": 3099167, "typical_volume": 4394151.2, "trend": 124.525576, "fair_value": 109.369292, "relative_strength": -3.380663, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.530059, "energy": 33.379217, "activity_lines": [ 125.021441, 123.281708, 121.337429, 122.701082 ] }, { "date": "2025-08-01", "close": 126.578331, "volume": 2090800, "typical_volume": 4338240.45, "trend": 124.376184, "fair_value": 109.811566, "relative_strength": -3.436341, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.015412, "energy": 36.872502, "activity_lines": [ 125.682211, 124.089488, 121.833589, 122.833518 ] }, { "date": "2025-08-08", "close": 126.578331, "volume": 2889873, "typical_volume": 4379033.9, "trend": 124.270921, "fair_value": 110.273349, "relative_strength": -5.546452, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.229825, "energy": 39.632806, "activity_lines": [ 126.200485, 124.802243, 122.359497, 122.975592 ] }, { "date": "2025-08-15", "close": 127.050636, "volume": 3431104, "typical_volume": 4392019.35, "trend": 124.357913, "fair_value": 110.745346, "relative_strength": -6.228351, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.278417, "energy": 33.783261, "activity_lines": [ 126.704279, 125.465729, 122.964335, 123.154928 ] }, { "date": "2025-08-22", "close": 121.855255, "volume": 3073640, "typical_volume": 4427488.7, "trend": 124.345272, "fair_value": 111.170179, "relative_strength": -7.714954, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.137043, "energy": 14.936886, "activity_lines": [ 125.12992, 125.048894, 123.078759, 122.993467 ] }, { "date": "2025-08-29", "close": 126.578331, "volume": 2216990, "typical_volume": 4224856.8, "trend": 124.387101, "fair_value": 111.608346, "relative_strength": -5.824882, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.055887, "energy": 14.062298, "activity_lines": [ 125.413305, 125.449556, 123.657413, 123.137535 ] }, { "date": "2025-09-05", "close": 127.995255, "volume": 2218088, "typical_volume": 4093479.05, "trend": 124.446743, "fair_value": 112.064323, "relative_strength": -5.616634, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.462198, "energy": 19.397363, "activity_lines": [ 126.168998, 125.964676, 124.278883, 123.370319 ] }, { "date": "2025-09-12", "close": 124.689102, "volume": 3147572, "typical_volume": 4131098.9, "trend": 124.013737, "fair_value": 112.514509, "relative_strength": -11.400302, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.921341, "energy": 8.473261, "activity_lines": [ 125.728178, 125.814052, 124.505514, 123.385955 ] }, { "date": "2025-09-19", "close": 128.46756, "volume": 3153006, "typical_volume": 4169817.65, "trend": 123.647842, "fair_value": 113.00021, "relative_strength": -8.896964, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.301775, "energy": 35.575271, "activity_lines": [ 126.672793, 126.337883, 125.025676, 123.673299 ] }, { "date": "2025-09-26", "close": 124.216797, "volume": 3123869, "typical_volume": 4087092.8, "trend": 123.213803, "fair_value": 113.458149, "relative_strength": -11.751673, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.596298, "energy": 24.347301, "activity_lines": [ 126.106025, 125.968625, 125.079802, 123.710005 ] }, { "date": "2025-10-03", "close": 124.689102, "volume": 2430933, "typical_volume": 3911918.3, "trend": 122.869053, "fair_value": 113.929897, "relative_strength": -15.077717, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.789241, "energy": 15.65578, "activity_lines": [ 125.539256, 125.719591, 125.152659, 123.805186 ] }, { "date": "2025-10-10", "close": 124.689102, "volume": 1445342, "typical_volume": 3843141.15, "trend": 122.59785, "fair_value": 114.428341, "relative_strength": -16.498439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.341339, "energy": 14.383311, "activity_lines": [ 125.098435, 125.504906, 125.21803, 123.922609 ] }, { "date": "2025-10-17", "close": 123.272179, "volume": 3061706, "typical_volume": 3862918.0, "trend": 122.249997, "fair_value": 114.910001, "relative_strength": -17.19806, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.238269, "energy": 11.158788, "activity_lines": [ 124.405718, 125.066948, 125.132565, 123.966114 ] }, { "date": "2025-10-24", "close": 125.633713, "volume": 2180935, "typical_volume": 3831393.25, "trend": 122.172084, "fair_value": 115.411933, "relative_strength": -16.126799, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.421505, "energy": 11.554688, "activity_lines": [ 124.594639, 125.118472, 125.252357, 124.184418 ] }, { "date": "2025-10-31", "close": 123.272179, "volume": 2095689, "typical_volume": 3816779.95, "trend": 122.118418, "fair_value": 115.900268, "relative_strength": -19.461889, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.187081, "energy": 8.029903, "activity_lines": [ 124.185306, 124.766388, 125.118446, 124.255392 ] }, { "date": "2025-11-07", "close": 122.327568, "volume": 4503110, "typical_volume": 3890199.0, "trend": 122.621638, "fair_value": 116.385627, "relative_strength": -18.123482, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.4442, "energy": 8.306479, "activity_lines": [ 123.524077, 124.216794, 124.877023, 124.268885 ] }, { "date": "2025-11-14", "close": 116.187576, "volume": 4287411, "typical_volume": 3468256.2, "trend": 122.787807, "fair_value": 116.808526, "relative_strength": -21.140939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.081697, "energy": 39.512159, "activity_lines": [ 120.97362, 122.628125, 124.033585, 123.853785 ] }, { "date": "2025-11-21", "close": 110.992195, "volume": 3370564, "typical_volume": 3251273.25, "trend": 122.795507, "fair_value": 117.168857, "relative_strength": -21.545191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.975463, "energy": 66.440929, "activity_lines": [ 117.258137, 120.309527, 122.73465, 123.092777 ] }, { "date": "2025-11-28", "close": 113.826035, "volume": 1920822, "typical_volume": 2886207.45, "trend": 122.735865, "fair_value": 117.532979, "relative_strength": -22.636582, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.111881, "energy": 77.346894, "activity_lines": [ 115.305933, 118.755206, 121.767545, 122.514102 ] }, { "date": "2025-12-05", "close": 113.353729, "volume": 1979755, "typical_volume": 2786018.8, "trend": 122.557514, "fair_value": 117.896641, "relative_strength": -23.513961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.274743, "energy": 80.625298, "activity_lines": [ 113.983473, 117.381222, 120.793692, 121.908803 ] }, { "date": "2025-12-12", "close": 110.519882, "volume": 3050430, "typical_volume": 2783581.95, "trend": 122.137609, "fair_value": 118.230842, "relative_strength": -25.558096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.148969, "energy": 85.607099, "activity_lines": [ 112.377626, 115.689502, 119.610675, 121.132181 ] }, { "date": "2025-12-19", "close": 108.158348, "volume": 3344309, "typical_volume": 2846257.4, "trend": 121.697823, "fair_value": 118.536044, "relative_strength": -25.378392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.988291, "energy": 87.975586, "activity_lines": [ 110.771781, 113.826036, 118.279218, 120.230293 ] }, { "date": "2025-12-26", "close": 108.630661, "volume": 1713155, "typical_volume": 2787421.5, "trend": 121.347327, "fair_value": 118.860188, "relative_strength": -26.79757, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.822738, "energy": 86.00849, "activity_lines": [ 109.858656, 112.349003, 117.080458, 119.387251 ] }, { "date": "2026-01-02", "close": 108.158348, "volume": 2094302, "typical_volume": 2720581.4, "trend": 120.966379, "fair_value": 119.186439, "relative_strength": -28.572791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.786854, "energy": 85.554429, "activity_lines": [ 108.945528, 111.052305, 115.922181, 118.536349 ] }, { "date": "2026-01-09", "close": 108.630661, "volume": 7947260, "typical_volume": 2964262.4, "trend": 120.601174, "fair_value": 119.506476, "relative_strength": -29.942929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.904274, "energy": 66.576402, "activity_lines": [ 108.567684, 110.159215, 114.898849, 117.740496 ] }, { "date": "2026-01-16", "close": 109.102966, "volume": 5294750, "typical_volume": 3118150.4, "trend": 120.281131, "fair_value": 119.821327, "relative_strength": -31.650198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.447846, "energy": 56.985647, "activity_lines": [ 108.662146, 109.618209, 113.983472, 116.998676 ] }, { "date": "2026-01-23", "close": 114.770653, "volume": 6943016, "typical_volume": 3354396.8, "trend": 119.95879, "fair_value": 120.170969, "relative_strength": -28.888503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.808398, "energy": 38.587787, "activity_lines": [ 110.740298, 110.348139, 113.691092, 116.643161 ] }, { "date": "2026-01-30", "close": 113.353729, "volume": 5887141, "typical_volume": 3491375.25, "trend": 119.603928, "fair_value": 120.514095, "relative_strength": -29.50934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.994418, "energy": 26.889987, "activity_lines": [ 111.905322, 110.846208, 113.326741, 116.217028 ] }, { "date": "2026-02-06", "close": 109.102966, "volume": 4477266, "typical_volume": 3557588.25, "trend": 119.178852, "fair_value": 120.791982, "relative_strength": -31.039549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.018825, "energy": 27.478859, "activity_lines": [ 111.338553, 110.528474, 112.611533, 115.539547 ] }, { "date": "2026-02-13", "close": 112.881424, "volume": 2559285, "typical_volume": 3529359.05, "trend": 118.738032, "fair_value": 121.078174, "relative_strength": -31.83993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.963821, "energy": 21.515852, "activity_lines": [ 111.968296, 110.983607, 112.34839, 115.133261 ] }, { "date": "2026-02-27", "close": 116.187576, "volume": 3494779, "typical_volume": 3582551.35, "trend": 118.391673, "fair_value": 121.38402, "relative_strength": -32.745653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.525628, "energy": 15.697925, "activity_lines": [ 113.416706, 112.048446, 112.454097, 114.968716 ] }, { "date": "2026-03-06", "close": 113.826035, "volume": 4258702, "typical_volume": 3723219.35, "trend": 117.966596, "fair_value": 121.657273, "relative_strength": -29.844067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.848267, "energy": 11.920791, "activity_lines": [ 113.605627, 112.580864, 112.375379, 114.674159 ] }, { "date": "2026-03-13", "close": 111.936806, "volume": 5873918, "typical_volume": 3863829.95, "trend": 117.478546, "fair_value": 121.915848, "relative_strength": -29.862413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.740911, "energy": 13.49865, "activity_lines": [ 113.227781, 112.666738, 112.168464, 114.28514 ] }, { "date": "2026-03-20", "close": 110.992195, "volume": 3691590, "typical_volume": 3939362.7, "trend": 116.943264, "fair_value": 122.174529, "relative_strength": -29.980515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.569759, "energy": 12.839086, "activity_lines": [ 112.629525, 112.520752, 111.925563, 113.866666 ] }, { "date": "2026-03-27", "close": 110.992195, "volume": 3224426, "typical_volume": 3995799.55, "trend": 116.581162, "fair_value": 122.441937, "relative_strength": -28.289807, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.130942, "energy": 20.678702, "activity_lines": [ 111.905321, 112.323242, 111.752384, 113.482726 ] }, { "date": "2026-04-03", "close": 109.102966, "volume": 2198102, "typical_volume": 3880549.15, "trend": 115.99865, "fair_value": 122.686967, "relative_strength": -27.574408, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.520378, "energy": 28.386046, "activity_lines": [ 110.677323, 111.739298, 111.457754, 113.000261 ] }, { "date": "2026-04-10", "close": 111.936806, "volume": 2686134, "typical_volume": 3800485.3, "trend": 115.463368, "fair_value": 122.943489, "relative_strength": -30.886067, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.669893, "energy": 23.991196, "activity_lines": [ 110.866245, 111.670599, 111.495988, 112.738207 ] }, { "date": "2026-04-17", "close": 117.132187, "volume": 4677302, "typical_volume": 3865822.2, "trend": 115.211471, "fair_value": 123.232287, "relative_strength": -29.720539, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.535817, "energy": 3.75367, "activity_lines": [ 112.912909, 112.598038, 112.049262, 112.845873 ] }, { "date": "2026-04-24", "close": 118.54911, "volume": 8107405, "typical_volume": 4175151.35, "trend": 114.880856, "fair_value": 123.520414, "relative_strength": -31.981762, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.987095, "energy": 20.999412, "activity_lines": [ 115.085523, 113.714401, 112.708244, 113.061204 ] }, { "date": "2026-05-01", "close": 117.132187, "volume": 3566908, "typical_volume": 4254509.0, "trend": 114.644703, "fair_value": 123.822561, "relative_strength": -32.036061, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.056107, "energy": 33.452803, "activity_lines": [ 116.282034, 114.401393, 113.209789, 113.206451 ] }, { "date": "2026-05-08", "close": 127.995255, "volume": 16995622, "typical_volume": 4951768.6, "trend": 114.754908, "fair_value": 124.188696, "relative_strength": -29.75393, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.920233, "energy": 66.234727, "activity_lines": [ 120.690236, 116.986202, 114.727919, 114.067777 ] }, { "date": "2026-05-15", "close": 128.46756, "volume": 18323962, "typical_volume": 5700751.25, "trend": 114.880856, "fair_value": 124.519353, "relative_strength": -27.947211, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.477268, "energy": 80.331032, "activity_lines": [ 123.996386, 119.442199, 116.207815, 114.952464 ] }, { "date": "2026-05-22", "close": 139.802933, "volume": 16454881, "typical_volume": 6437837.55, "trend": 115.431881, "fair_value": 124.891871, "relative_strength": -22.823943, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.737211, "energy": 90.752843, "activity_lines": [ 129.978944, 123.692964, 118.67056, 116.56034 ] }, { "date": "2026-05-29", "close": 145.470612, "volume": 15573140, "typical_volume": 7111779.45, "trend": 116.093111, "fair_value": 125.282751, "relative_strength": -23.310742, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.05549, "energy": 96.241046, "activity_lines": [ 136.339345, 128.467559, 121.524644, 118.498323 ] }, { "date": "2026-06-05", "close": 143.58139, "volume": 10349879, "typical_volume": 7231910.4, "trend": 116.770085, "fair_value": 125.635851, "relative_strength": -24.049198, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.095348, "energy": 92.284772, "activity_lines": [ 140.275238, 132.271779, 124.021125, 120.27176 ] }, { "date": "2026-06-12", "close": 144.526001, "volume": 13237203, "typical_volume": 7629033.05, "trend": 117.510033, "fair_value": 125.982172, "relative_strength": -21.175737, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.657246, "energy": 89.986793, "activity_lines": [ 142.762722, 135.655215, 126.441136, 122.062465 ] }, { "date": "2026-06-19", "close": 148.776764, "volume": 16969197, "typical_volume": 8130342.1, "trend": 118.596339, "fair_value": 126.332639, "relative_strength": -22.067166, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.870407, "energy": 84.944866, "activity_lines": [ 145.565077, 139.167463, 129.097302, 124.079673 ] }, { "date": "2026-06-26", "close": 145.942932, "volume": 26746304, "typical_volume": 9173300.25, "trend": 119.761364, "fair_value": 126.641838, "relative_strength": -19.509024, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.023729, "energy": 61.272185, "activity_lines": [ 146.068874, 141.49465, 131.321644, 125.843969 ] }, { "date": "2026-07-03", "close": 151.138306, "volume": 12524535, "typical_volume": 9575663.7, "trend": 121.005106, "fair_value": 126.984073, "relative_strength": -19.714051, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.494502, "energy": 61.298579, "activity_lines": [ 147.895129, 144.24262, 133.885598, 127.868288 ] }, { "date": "2026-07-10", "close": 139.5, "volume": 0, "typical_volume": 9447699.45, "trend": 121.876648, "fair_value": 127.270609, "relative_strength": -22.670817, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.345464, "energy": 49.771358, "activity_lines": [ 145.464103, 144.282002, 135.140973, 129.061507 ] }, { "date": "2026-07-17", "close": 125.0, "volume": 1630136, "typical_volume": 9354467.3, "trend": 122.359319, "fair_value": 127.437188, "relative_strength": -25.476945, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.689732, "energy": 24.144024, "activity_lines": [ 138.471836, 141.278334, 134.88864, 129.263014 ] }, { "date": "2026-07-24", "close": 129.0, "volume": 6980768, "typical_volume": 9490570.6, "trend": 123.054041, "fair_value": 127.594296, "relative_strength": -23.917506, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.498402, "energy": 21.279878, "activity_lines": [ 134.114636, 139.056398, 134.975296, 129.691445 ] }, { "date": "2026-07-31", "close": 125.0, "volume": 6241994, "typical_volume": 9508974.4, "trend": 123.599685, "fair_value": 127.679849, "relative_strength": -24.419235, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.623292, "energy": 20.655602, "activity_lines": [ 129.742554, 136.097508, 134.608743, 129.81699 ] }, { "date": "2026-08-07", "close": 135.0, "volume": 9462858, "typical_volume": 9797537.8, "trend": 124.494407, "fair_value": 127.691761, "relative_strength": -19.465948, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.117786, "energy": 22.3026, "activity_lines": [ 130.1, 135.225944, 135.132365, 130.552495 ] }, { "date": "2026-08-14", "close": 131.5, "volume": 6061574, "typical_volume": 9939395.2, "trend": 125.256718, "fair_value": 127.767664, "relative_strength": -23.335058, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.773671, "energy": 14.466438, "activity_lines": [ 130.366667, 133.908392, 135.208331, 131.004468 ] }, { "date": "2026-08-21", "close": 130.0, "volume": 3609516, "typical_volume": 10009965.9, "trend": 125.953286, "fair_value": 127.86096, "relative_strength": -22.289744, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.308509, "energy": 10.82826, "activity_lines": [ 130.666667, 132.537774, 135.043783, 131.310487 ] } ], "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." } } }