{ "ticker": { "uuid": "9be38377-123f-4949-b336-53901bdcd873", "symbol": "SBGLP", "name": "Suratwwala Business Group Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.382, "architecture_energy": 31.002, "architecture_maturity": 59.366, "architecture_confidence": 95.855, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.7, "rotation_up": 21.41, "upward_expansion": 2.84, "deceleration": 52.02, "rotation_down": 50.8, "downward_expansion": 78.51 }, "activity_lines": [ 24.990667, 25.132546, 25.588, 26.098946 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 24.93, "trend_reference": 27.399334, "distance_from_trend": -0.090124, "trend_direction": "Weakening", "fair_value": 63.260606, "distance_from_fair_value": -0.605916, "fair_value_direction": "Weakening", "relative_strength": -17.101044, "relative_strength_direction": "Improving", "price_momentum": -0.21825, "excess_performance": -0.174541, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.090124, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.088977, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.605916, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.034507, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17101, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.025141, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.21825, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.495633, "read": "Supply-led" } ], "volume": { "latest": 70853, "relative_activity": 0.209749, "balance": 0.495633, "dry_up": 0.267039, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.085254, "annualized_volatility": 0.634565, "from_high_reference": -0.441324, "from_low_reference": 0.358583 }, "levels": { "trend_reference": 27.399334, "fair_value_reference": 63.260606, "structural_low": 18.35, "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": 15, "median_return": -0.040087, "positive_rate": 0.266667, "directional_follow_through": 0.733333, "median_excess_return": -0.043362, "regime_survival": 0.8, "best_return": 0.226191, "worst_return": -0.298624, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.134319, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.096367, "regime_survival": 0.8, "best_return": 0.010691, "worst_return": -0.184122, "sufficient": true }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.186796, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.226419, "regime_survival": 0.5, "best_return": -0.175399, "worst_return": -0.198193, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.38252, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.504268, "regime_survival": 0.0, "best_return": -0.38252, "worst_return": -0.38252, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": -0.056375, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2025-02-14", "tenure": "Established", "return": -0.112254, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-07-18", "tenure": "Established", "return": -0.103717, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": -0.151033, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": 0.01476, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": 0.030864, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2025-12-26", "tenure": "Developing", "return": 0.112748, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-02-27", "tenure": "Developing", "return": -0.140152, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-08-07", "tenure": "Established", "return": -0.120945, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 28.848116, "volume": 1807980, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 29.526192, "volume": 1742630, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 31.555431, "volume": 2253020, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 31.196449, "volume": 1079750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 33.066143, "volume": 5304480, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 37.373913, "volume": 2812670, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 37.912388, "volume": 4481570, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 38.680206, "volume": 1398040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 36.930176, "volume": 1447210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 38.376072, "volume": 1134130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 40.170975, "volume": 4237230, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 41.876133, "volume": 3206120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 45.391159, "volume": 6348250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 47.106293, "volume": 2324130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 49.893379, "volume": 4283900, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 52.381317, "volume": 4618220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 54.470387, "volume": 3491980, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 54.789482, "volume": 3904220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 53.946873, "volume": 2748860, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 59.850117, "volume": 5116710, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 63.833809, "volume": 9876920, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 69.492752, "volume": 8352810, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 67.807533, "volume": 5525350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 68.311096, "volume": 1323680, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 76.133896, "volume": 3993070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 77.355423, "volume": 8413210, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 72.573997, "volume": 8916450, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 79.688805, "volume": 5371500, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 81.299232, "volume": 3163310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 83.772217, "volume": 5807160, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 76.971519, "volume": 5356930, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 85.517265, "volume": 7993810, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 87.162598, "volume": 2288940, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 92.362831, "volume": 9492610, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 95.513893, "volume": 7288270, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 102.110161, "volume": 9274065, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 96.276726, "volume": 3150672, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 109.539078, "volume": 5319569, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 117.267136, "volume": 5253121, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 120.956673, "volume": 2902252, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 125.244492, "volume": 2758588, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 115.073372, "volume": 1912815, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 123.050728, "volume": 4930248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 127.837135, "volume": 3264235, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 125.453896, "volume": 934529, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 125.114868, "volume": 3544294, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 128.26593, "volume": 1929367, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 121.275764, "volume": 2754761, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 117.386803, "volume": 1784526, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 122.342735, "volume": 2578479, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 118.832695, "volume": 3046912, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 116.898193, "volume": 1495169, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 128.415497, "volume": 2793990, "typical_volume": 3820423.6, "trend": 103.933488, "fair_value": 59.044654, "relative_strength": 47.093677, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.651939, "energy": 26.946567, "activity_lines": [ 121.882708, 122.202769, 120.858733, 114.290666 ] }, { "date": "2024-08-23", "close": 122.342735, "volume": 3473383, "typical_volume": 3519462.25, "trend": 105.734543, "fair_value": 59.826112, "relative_strength": 36.047979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.60626, "energy": 24.975806, "activity_lines": [ 122.405224, 122.050112, 121.418905, 115.478359 ] }, { "date": "2024-08-30", "close": 121.176041, "volume": 1847158, "typical_volume": 3247406.65, "trend": 107.235948, "fair_value": 60.574281, "relative_strength": 30.347575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.092107, "energy": 24.993015, "activity_lines": [ 122.208448, 121.785226, 121.725202, 116.474585 ] }, { "date": "2024-09-06", "close": 117.257164, "volume": 1120647, "typical_volume": 2839735.75, "trend": 108.566006, "fair_value": 61.257208, "relative_strength": 26.011396, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.612459, "energy": 17.995115, "activity_lines": [ 120.783158, 120.885597, 121.536071, 117.121115 ] }, { "date": "2024-09-13", "close": 114.485031, "volume": 990033, "typical_volume": 2731703.8, "trend": 109.96304, "fair_value": 61.890872, "relative_strength": 18.828991, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.767431, "energy": 8.329318, "activity_lines": [ 118.53886, 119.62481, 121.0108, 117.502987 ] }, { "date": "2024-09-20", "close": 107.883774, "volume": 1132052, "typical_volume": 2522327.95, "trend": 110.902873, "fair_value": 62.431965, "relative_strength": 8.833238, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.364993, "energy": 14.984801, "activity_lines": [ 114.25502, 117.414357, 119.770131, 117.368841 ] }, { "date": "2024-09-27", "close": 103.905067, "volume": 1143798, "typical_volume": 2316861.8, "trend": 111.656401, "fair_value": 62.914211, "relative_strength": 2.223349, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.16381, "energy": 44.482793, "activity_lines": [ 110.013726, 114.723994, 118.15842, 116.91737 ] }, { "date": "2024-10-04", "close": 119.301361, "volume": 3620239, "typical_volume": 2352761.15, "trend": 112.840705, "fair_value": 63.562339, "relative_strength": 21.152802, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.573759, "energy": 24.761205, "activity_lines": [ 112.133708, 115.078079, 118.076651, 117.410593 ] }, { "date": "2024-10-11", "close": 124.975266, "volume": 4508657, "typical_volume": 2440264.6, "trend": 114.44083, "fair_value": 64.260213, "relative_strength": 25.251659, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.997621, "energy": 14.711302, "activity_lines": [ 116.26997, 116.51908, 118.543137, 118.193468 ] }, { "date": "2024-10-18", "close": 133.959747, "volume": 10429624, "typical_volume": 2866105.05, "trend": 116.05558, "fair_value": 65.043354, "relative_strength": 32.664352, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.253398, "energy": 28.783855, "activity_lines": [ 122.886519, 119.481941, 119.86657, 119.452753 ] }, { "date": "2024-10-25", "close": 117.317001, "volume": 4811475, "typical_volume": 2860166.4, "trend": 117.060726, "fair_value": 65.624172, "relative_strength": 17.886922, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.950956, "energy": 21.255705, "activity_lines": [ 122.657172, 119.108638, 119.515044, 119.534135 ] }, { "date": "2024-11-01", "close": 112.141685, "volume": 2641807, "typical_volume": 2829045.0, "trend": 117.720022, "fair_value": 66.135354, "relative_strength": 10.851583, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.435679, "energy": 12.65883, "activity_lines": [ 120.073838, 117.996159, 118.697935, 119.216777 ] }, { "date": "2024-11-08", "close": 120.886871, "volume": 2095745, "typical_volume": 2887105.8, "trend": 118.565787, "fair_value": 66.730479, "relative_strength": 18.803689, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.581083, "energy": 13.316996, "activity_lines": [ 119.856457, 118.659188, 118.78844, 119.42109 ] }, { "date": "2024-11-15", "close": 110.775558, "volume": 1407000, "typical_volume": 2780241.1, "trend": 118.854634, "fair_value": 67.204082, "relative_strength": 10.543596, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.613097, "energy": 16.310324, "activity_lines": [ 116.162939, 117.489053, 117.937711, 118.918495 ] }, { "date": "2024-11-22", "close": 109.439362, "volume": 1080247, "typical_volume": 2737785.1, "trend": 119.293389, "fair_value": 67.653393, "relative_strength": 6.50974, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.900383, "energy": 37.942206, "activity_lines": [ 112.970668, 116.193822, 117.028008, 118.311058 ] }, { "date": "2024-11-29", "close": 116.997902, "volume": 3219104, "typical_volume": 2761002.25, "trend": 119.542016, "fair_value": 68.172809, "relative_strength": 11.678361, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.910675, "energy": 31.06473, "activity_lines": [ 113.932604, 116.36461, 116.927816, 118.162962 ] }, { "date": "2024-12-06", "close": 122.691742, "volume": 2607810, "typical_volume": 2802166.45, "trend": 119.722836, "fair_value": 68.740715, "relative_strength": 13.327043, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.707042, "energy": 13.963044, "activity_lines": [ 116.813759, 117.40493, 117.390265, 118.36617 ] }, { "date": "2024-12-13", "close": 133.7005, "volume": 3654957, "typical_volume": 2855990.35, "trend": 120.147631, "fair_value": 69.410403, "relative_strength": 21.528942, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.717107, "energy": 17.458953, "activity_lines": [ 122.661164, 120.105266, 118.875906, 119.267955 ] }, { "date": "2024-12-20", "close": 131.446899, "volume": 2189422, "typical_volume": 2813115.85, "trend": 120.354377, "fair_value": 70.043429, "relative_strength": 23.828793, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.58123, "energy": 28.193948, "activity_lines": [ 126.903126, 122.134054, 120.092834, 119.99694 ] }, { "date": "2024-12-27", "close": 130.848587, "volume": 1901681, "typical_volume": 2833441.45, "trend": 120.880218, "fair_value": 70.657622, "relative_strength": 20.682481, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.235877, "energy": 39.996826, "activity_lines": [ 129.567561, 123.936393, 121.192712, 120.673986 ] }, { "date": "2025-01-03", "close": 136.502533, "volume": 3235261, "typical_volume": 2855505.0, "trend": 121.328611, "fair_value": 71.316071, "relative_strength": 23.46149, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.448729, "energy": 62.159757, "activity_lines": [ 132.689363, 126.823288, 122.76463, 121.681877 ] }, { "date": "2025-01-10", "close": 121.245842, "volume": 1155683, "typical_volume": 2739620.0, "trend": 121.108902, "fair_value": 71.810425, "relative_strength": 11.414652, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.721764, "energy": 42.790482, "activity_lines": [ 129.425293, 126.587411, 122.845021, 121.676537 ] }, { "date": "2025-01-17", "close": 122.31282, "volume": 2019758, "typical_volume": 2748250.0, "trend": 121.004199, "fair_value": 72.305547, "relative_strength": 12.506213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.048482, "energy": 23.88919, "activity_lines": [ 126.613276, 126.38, 123.032251, 121.754209 ] }, { "date": "2025-01-24", "close": 116.73864, "volume": 1590006, "typical_volume": 2771717.95, "trend": 120.724992, "fair_value": 72.736936, "relative_strength": 7.079339, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.440924, "energy": 11.868144, "activity_lines": [ 122.702377, 125.133176, 122.683195, 121.479012 ] }, { "date": "2025-01-31", "close": 118.29422, "volume": 3652160, "typical_volume": 2904824.3, "trend": 120.392601, "fair_value": 73.174987, "relative_strength": 5.917212, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.020968, "energy": 11.511314, "activity_lines": [ 120.290556, 124.060764, 122.484758, 121.322188 ] }, { "date": "2025-02-07", "close": 116.658867, "volume": 1723979, "typical_volume": 2934420.65, "trend": 120.238705, "fair_value": 73.589119, "relative_strength": 3.636985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.327825, "energy": 14.181514, "activity_lines": [ 118.170574, 122.530018, 122.112434, 121.081302 ] }, { "date": "2025-02-14", "close": 104.094528, "volume": 1118540, "typical_volume": 2933157.75, "trend": 119.795629, "fair_value": 73.876906, "relative_strength": -5.455797, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.395913, "energy": 39.888467, "activity_lines": [ 113.185391, 118.721012, 120.50172, 120.039742 ] }, { "date": "2025-02-21", "close": 48.552185, "volume": 5098580, "typical_volume": 3007074.8, "trend": 117.335944, "fair_value": 73.640226, "relative_strength": -55.383895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.871179, "energy": 86.832223, "activity_lines": [ 90.829515, 105.151528, 113.600357, 115.443391 ] }, { "date": "2025-02-28", "close": 39.527802, "volume": 204574, "typical_volume": 2791870.65, "trend": 114.692447, "fair_value": 73.324371, "relative_strength": -62.293295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.92464, "energy": 98.200215, "activity_lines": [ 70.382886, 91.489399, 106.176429, 110.423511 ] }, { "date": "2025-03-07", "close": 30.573219, "volume": 1670141, "typical_volume": 2353896.5, "trend": 111.814948, "fair_value": 72.932158, "relative_strength": -71.110827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.095276, "energy": 97.793453, "activity_lines": [ 52.098785, 77.87042, 98.306578, 104.996464 ] }, { "date": "2025-03-14", "close": 27.501936, "volume": 1000367, "typical_volume": 2163341.1, "trend": 108.451163, "fair_value": 72.519156, "relative_strength": -73.58735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.479722, "energy": 95.237984, "activity_lines": [ 38.638991, 65.516215, 90.636539, 99.556915 ] }, { "date": "2025-03-21", "close": 34.053341, "volume": 2905834, "typical_volume": 2176542.45, "trend": 105.508183, "fair_value": 72.172617, "relative_strength": -68.314375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.624546, "energy": 88.950022, "activity_lines": [ 33.306793, 56.335003, 84.018135, 94.757055 ] }, { "date": "2025-03-28", "close": 34.691528, "volume": 1653388, "typical_volume": 2154424.6, "trend": 102.625366, "fair_value": 71.837965, "relative_strength": -67.623866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.245492, "energy": 88.336439, "activity_lines": [ 32.856737, 48.855144, 77.83236, 90.188239 ] }, { "date": "2025-04-04", "close": 37.523491, "volume": 351320, "typical_volume": 2101640.6, "trend": 99.967577, "fair_value": 71.534297, "relative_strength": -63.662809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.768216, "energy": 85.590048, "activity_lines": [ 34.274712, 43.483301, 72.326749, 85.988118 ] }, { "date": "2025-04-11", "close": 38.999302, "volume": 339501, "typical_volume": 2064603.3, "trend": 97.451386, "fair_value": 71.248902, "relative_strength": -61.694215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.065783, "energy": 66.185168, "activity_lines": [ 36.318245, 39.820063, 67.310512, 82.054681 ] }, { "date": "2025-04-18", "close": 41.292789, "volume": 614955, "typical_volume": 1934395.85, "trend": 95.231686, "fair_value": 70.988414, "relative_strength": -60.693215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.030365, "energy": 60.869381, "activity_lines": [ 38.564535, 38.015548, 62.84813, 78.431545 ] }, { "date": "2025-04-25", "close": 45.441017, "volume": 603706, "typical_volume": 1834190.65, "trend": 93.282885, "fair_value": 70.768178, "relative_strength": -56.626981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.421406, "energy": 57.331128, "activity_lines": [ 41.274177, 38.335549, 59.141319, 75.219244 ] }, { "date": "2025-05-02", "close": 43.087696, "volume": 112855, "typical_volume": 1657085.55, "trend": 90.742429, "fair_value": 70.531593, "relative_strength": -58.828496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.212752, "energy": 54.454879, "activity_lines": [ 42.440201, 39.294101, 55.578242, 71.980845 ] }, { "date": "2025-05-09", "close": 38.929501, "volume": 81089, "typical_volume": 1551668.9, "trend": 87.874237, "fair_value": 70.263778, "relative_strength": -61.642829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.726003, "energy": 54.281499, "activity_lines": [ 41.660415, 39.595971, 52.050636, 68.638075 ] }, { "date": "2025-05-16", "close": 39.637489, "volume": 136692, "typical_volume": 1463419.45, "trend": 84.730162, "fair_value": 70.006415, "relative_strength": -61.865464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.861064, "energy": 55.467033, "activity_lines": [ 41.022891, 40.037445, 49.031017, 65.526027 ] }, { "date": "2025-05-23", "close": 42.030697, "volume": 376535, "typical_volume": 1320483.15, "trend": 82.220618, "fair_value": 69.773284, "relative_strength": -58.569903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.574547, "energy": 81.68553, "activity_lines": [ 41.140557, 40.749243, 46.673661, 62.771223 ] }, { "date": "2025-05-30", "close": 40.82412, "volume": 230497, "typical_volume": 1274223.85, "trend": 79.843366, "fair_value": 69.534034, "relative_strength": -58.923486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.786413, "energy": 85.31496, "activity_lines": [ 40.806837, 40.977504, 44.651258, 60.100481 ] }, { "date": "2025-06-06", "close": 38.52066, "volume": 97973, "typical_volume": 1178134.6, "trend": 77.097826, "fair_value": 69.279826, "relative_strength": -60.932095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.438314, "energy": 89.332933, "activity_lines": [ 40.01309, 40.663849, 42.792439, 57.4345 ] }, { "date": "2025-06-13", "close": 48.592072, "volume": 175263, "typical_volume": 1107397.45, "trend": 75.025043, "fair_value": 69.111633, "relative_strength": -49.289391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.352445, "energy": 63.698143, "activity_lines": [ 42.88095, 42.111739, 42.291813, 55.595419 ] }, { "date": "2025-06-20", "close": 43.905373, "volume": 79907, "typical_volume": 928784.8, "trend": 72.840577, "fair_value": 68.908357, "relative_strength": -54.081191, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.081845, "energy": 50.501967, "activity_lines": [ 43.542405, 42.506255, 41.669341, 53.587698 ] }, { "date": "2025-06-27", "close": 44.942432, "volume": 60456, "typical_volume": 845608.65, "trend": 70.438728, "fair_value": 68.71663, "relative_strength": -53.14145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.885753, "energy": 42.78465, "activity_lines": [ 44.265021, 43.000126, 41.49987, 51.787818 ] }, { "date": "2025-07-04", "close": 46.258694, "volume": 81272, "typical_volume": 793745.25, "trend": 67.890959, "fair_value": 68.538392, "relative_strength": -50.555634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.989734, "energy": 28.21878, "activity_lines": [ 45.232275, 43.666961, 41.797264, 50.227816 ] }, { "date": "2025-07-11", "close": 44.713081, "volume": 36406, "typical_volume": 540636.55, "trend": 64.924712, "fair_value": 68.350791, "relative_strength": -50.799714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.265348, "energy": 28.316263, "activity_lines": [ 45.32202, 44.037907, 42.222865, 48.732469 ] }, { "date": "2025-07-18", "close": 43.516479, "volume": 57619, "typical_volume": 533288.8, "trend": 61.993698, "fair_value": 68.156773, "relative_strength": -50.97464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.023905, "energy": 23.887886, "activity_lines": [ 44.600069, 44.161738, 42.552786, 47.351293 ] }, { "date": "2025-07-25", "close": 43.905373, "volume": 224013, "typical_volume": 460982.4, "trend": 59.095591, "fair_value": 67.968778, "relative_strength": -49.410462, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.626387, "energy": 20.20173, "activity_lines": [ 44.346123, 44.272877, 42.90075, 46.184304 ] }, { "date": "2025-08-01", "close": 41.033527, "volume": 168951, "typical_volume": 419411.6, "trend": 55.913291, "fair_value": 67.761583, "relative_strength": -51.356822, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.8734, "energy": 30.816596, "activity_lines": [ 43.134895, 43.784264, 42.911719, 45.01901 ] }, { "date": "2025-08-08", "close": 40.973698, "volume": 155443, "typical_volume": 281892.05, "trend": 53.237553, "fair_value": 67.557096, "relative_strength": -50.155262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.521294, "energy": 32.67484, "activity_lines": [ 42.164317, 43.302903, 42.852554, 44.055165 ] }, { "date": "2025-08-15", "close": 41.831264, "volume": 110352, "typical_volume": 204740.25, "trend": 50.554834, "fair_value": 67.362203, "relative_strength": -48.630905, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.62031, "energy": 29.054575, "activity_lines": [ 41.831928, 42.974744, 42.842107, 43.319275 ] }, { "date": "2025-08-22", "close": 38.929501, "volume": 173349, "typical_volume": 195841.7, "trend": 47.961196, "fair_value": 67.148423, "relative_strength": -51.708567, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.237995, "energy": 41.135535, "activity_lines": [ 40.724405, 42.058799, 42.521304, 42.569254 ] }, { "date": "2025-08-29", "close": 37.2742, "volume": 103487, "typical_volume": 184041.0, "trend": 45.260529, "fair_value": 66.925481, "relative_strength": -51.989837, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.643196, "energy": 47.757196, "activity_lines": [ 39.370915, 41.017573, 42.036157, 41.87977 ] }, { "date": "2025-09-05", "close": 34.39238, "volume": 305875, "typical_volume": 168587.0, "trend": 42.518313, "fair_value": 66.684495, "relative_strength": -55.365392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.90364, "energy": 64.737318, "activity_lines": [ 37.498895, 39.572947, 41.284767, 41.178599 ] }, { "date": "2025-09-12", "close": 34.900002, "volume": 189162, "typical_volume": 147859.8, "trend": 40.211828, "fair_value": 66.450786, "relative_strength": -54.501252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -47.168549, "energy": 67.254467, "activity_lines": [ 36.238826, 38.412434, 40.61458, 40.687095 ] }, { "date": "2025-09-19", "close": 32.400002, "volume": 333337, "typical_volume": 158883.9, "trend": 39.673422, "fair_value": 66.20224, "relative_strength": -57.335767, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.819918, "energy": 72.890721, "activity_lines": [ 34.550337, 37.003898, 39.756493, 40.183107 ] }, { "date": "2025-09-26", "close": 36.389999, "volume": 359691, "typical_volume": 172814.0, "trend": 39.568829, "fair_value": 65.986209, "relative_strength": -49.975121, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.13582, "energy": 62.076049, "activity_lines": [ 34.820598, 36.54469, 39.3293, 39.971273 ] }, { "date": "2025-10-03", "close": 33.400002, "volume": 232557, "typical_volume": 177607.25, "trend": 39.663055, "fair_value": 65.751776, "relative_strength": -53.488166, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.887201, "energy": 65.971159, "activity_lines": [ 34.263493, 35.671419, 38.629438, 39.573284 ] }, { "date": "2025-10-10", "close": 33.259998, "volume": 143795, "typical_volume": 165970.25, "trend": 39.85499, "fair_value": 65.519692, "relative_strength": -53.249211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.06912, "energy": 53.023364, "activity_lines": [ 33.918, 34.963699, 37.945945, 39.160184 ] }, { "date": "2025-10-17", "close": 34.349998, "volume": 133844, "typical_volume": 161137.6, "trend": 39.864879, "fair_value": 65.29863, "relative_strength": -51.161104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.279865, "energy": 41.713609, "activity_lines": [ 34.011333, 34.595498, 37.408026, 38.805023 ] }, { "date": "2025-10-24", "close": 34.529999, "volume": 79259, "typical_volume": 160201.9, "trend": 39.859495, "fair_value": 65.08195, "relative_strength": -49.828518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.661038, "energy": 40.632011, "activity_lines": [ 34.201332, 34.380455, 36.91808, 38.460837 ] }, { "date": "2025-10-31", "close": 33.84, "volume": 194854, "typical_volume": 161181.45, "trend": 39.736711, "fair_value": 64.863475, "relative_strength": -49.490614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.099076, "energy": 39.660665, "activity_lines": [ 34.019333, 34.172708, 36.381422, 38.072482 ] }, { "date": "2025-11-07", "close": 32.09, "volume": 109968, "typical_volume": 162684.5, "trend": 39.506401, "fair_value": 64.635881, "relative_strength": -50.29574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.368171, "energy": 44.084298, "activity_lines": [ 33.423999, 33.739316, 35.748346, 37.579146 ] }, { "date": "2025-11-14", "close": 32.689999, "volume": 184654, "typical_volume": 168894.4, "trend": 39.219642, "fair_value": 64.415565, "relative_strength": -48.844352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.151964, "energy": 41.775781, "activity_lines": [ 33.115999, 33.509272, 35.228676, 37.139378 ] }, { "date": "2025-11-21", "close": 32.68, "volume": 145163, "typical_volume": 172088.95, "trend": 38.794275, "fair_value": 64.198198, "relative_strength": -47.817674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.540178, "energy": 42.583639, "activity_lines": [ 32.842666, 33.308363, 34.766399, 36.717466 ] }, { "date": "2025-11-28", "close": 28.34, "volume": 257785, "typical_volume": 183157.9, "trend": 38.302685, "fair_value": 63.954265, "relative_strength": -53.580763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.607607, "energy": 64.864494, "activity_lines": [ 31.234, 32.358727, 33.955449, 36.042997 ] }, { "date": "2025-12-05", "close": 28.059999, "volume": 538420, "typical_volume": 207197.95, "trend": 37.940368, "fair_value": 63.711736, "relative_strength": -52.480746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.458974, "energy": 70.669139, "activity_lines": [ 29.944666, 31.431999, 33.195799, 35.382178 ] }, { "date": "2025-12-12", "close": 34.669998, "volume": 577478, "typical_volume": 224871.2, "trend": 37.774785, "fair_value": 63.516825, "relative_strength": -38.851473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.442597, "energy": 41.970679, "activity_lines": [ 31.243999, 31.858545, 33.139276, 35.171187 ] }, { "date": "2025-12-19", "close": 38.139999, "volume": 799673, "typical_volume": 256407.3, "trend": 37.645095, "fair_value": 63.347646, "relative_strength": -29.984137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.345263, "energy": 17.356589, "activity_lines": [ 33.527999, 32.892908, 33.457206, 35.194749 ] }, { "date": "2025-12-26", "close": 37.009998, "volume": 286635, "typical_volume": 262966.9, "trend": 37.517958, "fair_value": 63.173224, "relative_strength": -29.628731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.817666, "energy": 15.46139, "activity_lines": [ 35.071999, 33.63309, 33.681296, 35.153775 ] }, { "date": "2026-01-02", "close": 34.32, "volume": 471517, "typical_volume": 281025.15, "trend": 37.377936, "fair_value": 62.983401, "relative_strength": -32.64169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.214363, "energy": 20.605558, "activity_lines": [ 35.430666, 33.835817, 33.668071, 34.947455 ] }, { "date": "2026-01-09", "close": 34.290001, "volume": 267616, "typical_volume": 285738.5, "trend": 36.9012, "fair_value": 62.795862, "relative_strength": -28.273195, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.638769, "energy": 17.226642, "activity_lines": [ 35.380666, 34.036909, 33.687756, 34.748233 ] }, { "date": "2026-01-16", "close": 34.220001, "volume": 190879, "typical_volume": 290108.1, "trend": 36.578354, "fair_value": 62.610304, "relative_strength": -25.414668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.677319, "energy": 10.561737, "activity_lines": [ 34.892, 34.217091, 33.722868, 34.575253 ] }, { "date": "2026-01-23", "close": 33.93, "volume": 74769, "typical_volume": 278552.8, "trend": 36.211273, "fair_value": 62.42527, "relative_strength": -20.991391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.93465, "energy": 7.862025, "activity_lines": [ 34.336667, 34.305818, 33.744904, 34.404391 ] }, { "date": "2026-01-30", "close": 34.310001, "volume": 135929, "typical_volume": 275891.15, "trend": 35.812983, "fair_value": 62.245044, "relative_strength": -17.564791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.52624, "energy": 11.939802, "activity_lines": [ 34.188667, 34.441091, 33.805333, 34.281729 ] }, { "date": "2026-02-06", "close": 31.889999, "volume": 211022, "typical_volume": 269775.4, "trend": 35.385547, "fair_value": 62.308233, "relative_strength": -21.06516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.817936, "energy": 18.493435, "activity_lines": [ 33.414, 34.106727, 33.638095, 34.028633 ] }, { "date": "2026-02-13", "close": 30.950001, "volume": 1123795, "typical_volume": 307980.6, "trend": 34.966665, "fair_value": 62.372205, "relative_strength": -19.446892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.920917, "energy": 23.150628, "activity_lines": [ 32.488, 33.536909, 33.383762, 33.742469 ] }, { "date": "2026-02-20", "close": 29.98, "volume": 131126, "typical_volume": 302909.05, "trend": 34.502486, "fair_value": 62.4321, "relative_strength": -21.316667, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.600348, "energy": 41.776796, "activity_lines": [ 31.461334, 32.738182, 33.062952, 33.420748 ] }, { "date": "2026-02-27", "close": 29.51, "volume": 47177, "typical_volume": 298078.15, "trend": 34.118368, "fair_value": 62.490899, "relative_strength": -20.713675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.559165, "energy": 51.656585, "activity_lines": [ 30.560667, 31.939273, 32.713667, 33.098652 ] }, { "date": "2026-03-06", "close": 28.360001, "volume": 67053, "typical_volume": 294738.6, "trend": 33.697911, "fair_value": 62.54744, "relative_strength": -21.333776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.761464, "energy": 57.713257, "activity_lines": [ 29.571334, 31.088182, 32.272714, 32.727145 ] }, { "date": "2026-03-13", "close": 26.42, "volume": 161151, "typical_volume": 298833.2, "trend": 33.184203, "fair_value": 62.604969, "relative_strength": -22.514295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.232341, "energy": 66.379243, "activity_lines": [ 28.332, 30.041637, 31.675524, 32.257602 ] }, { "date": "2026-03-20", "close": 25.43, "volume": 171625, "typical_volume": 297671.75, "trend": 32.734219, "fair_value": 62.649536, "relative_strength": -24.948701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.946869, "energy": 71.20627, "activity_lines": [ 27.127334, 28.958728, 31.022667, 31.757331 ] }, { "date": "2026-03-27", "close": 22.32, "volume": 2156830, "typical_volume": 400014.85, "trend": 32.235746, "fair_value": 62.674295, "relative_strength": -32.838109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.62918, "energy": 78.739164, "activity_lines": [ 25.254, 27.471455, 30.113667, 31.085446 ] }, { "date": "2026-04-03", "close": 21.84, "volume": 905972, "typical_volume": 436080.75, "trend": 31.817333, "fair_value": 62.696617, "relative_strength": -33.378997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.655665, "energy": 80.126588, "activity_lines": [ 23.731333, 26.113273, 29.205476, 30.414753 ] }, { "date": "2026-04-10", "close": 31.790001, "volume": 355429, "typical_volume": 446594.05, "trend": 31.713667, "fair_value": 62.781985, "relative_strength": -7.946103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.416284, "energy": 41.877857, "activity_lines": [ 26.036667, 26.784, 29.296572, 30.412989 ] }, { "date": "2026-04-17", "close": 30.200001, "volume": 447713, "typical_volume": 456090.45, "trend": 31.640333, "fair_value": 62.853166, "relative_strength": -13.066231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.924607, "energy": 26.884077, "activity_lines": [ 27.583334, 27.211455, 29.240476, 30.315333 ] }, { "date": "2026-04-24", "close": 26.719999, "volume": 217994, "typical_volume": 440069.15, "trend": 31.318, "fair_value": 62.905874, "relative_strength": -20.792831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.62479, "energy": 19.641634, "activity_lines": [ 27.718, 27.036909, 28.844095, 29.997892 ] }, { "date": "2026-05-01", "close": 26.780001, "volume": 175345, "typical_volume": 419962.5, "trend": 31.097333, "fair_value": 62.955963, "relative_strength": -20.233969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.471931, "energy": 23.201594, "activity_lines": [ 27.786667, 26.950182, 28.45981, 29.705118 ] }, { "date": "2026-05-08", "close": 27.0, "volume": 567457, "typical_volume": 408351.7, "trend": 30.888667, "fair_value": 62.997042, "relative_strength": -19.615101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.695861, "energy": 18.043725, "activity_lines": [ 27.631334, 26.961637, 28.134048, 29.440774 ] }, { "date": "2026-05-15", "close": 25.870001, "volume": 203102, "typical_volume": 404175.05, "trend": 30.606, "fair_value": 63.029504, "relative_strength": -20.70631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.480635, "energy": 30.458833, "activity_lines": [ 26.755334, 26.813273, 27.753715, 29.116989 ] }, { "date": "2026-05-22", "close": 25.82, "volume": 483769, "typical_volume": 404787.65, "trend": 30.315667, "fair_value": 63.051578, "relative_strength": -20.444369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.067041, "energy": 32.420131, "activity_lines": [ 26.257334, 26.701091, 27.421667, 28.808215 ] }, { "date": "2026-05-29", "close": 26.629999, "volume": 533172, "typical_volume": 418065.45, "trend": 30.075333, "fair_value": 63.082935, "relative_strength": -16.74414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.266092, "energy": 29.422525, "activity_lines": [ 26.321333, 26.747091, 27.207238, 28.57043 ] }, { "date": "2026-06-05", "close": 24.370001, "volume": 63709, "typical_volume": 411706.95, "trend": 29.818, "fair_value": 63.098655, "relative_strength": -22.674589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.203906, "energy": 38.060641, "activity_lines": [ 25.638, 26.360364, 26.814048, 28.202344 ] }, { "date": "2026-06-12", "close": 25.83, "volume": 12693, "typical_volume": 408603.15, "trend": 29.589333, "fair_value": 63.122902, "relative_strength": -17.909846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.352936, "energy": 30.763852, "activity_lines": [ 25.602, 26.201818, 26.60681, 27.945054 ] }, { "date": "2026-06-19", "close": 26.049999, "volume": 25293, "typical_volume": 403071.35, "trend": 29.368333, "fair_value": 63.153417, "relative_strength": -17.768183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.502713, "energy": 27.900168, "activity_lines": [ 25.717333, 26.010727, 26.459095, 27.71671 ] }, { "date": "2026-06-26", "close": 25.549999, "volume": 0, "typical_volume": 392520.25, "trend": 29.275333, "fair_value": 63.182358, "relative_strength": -18.671299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.126005, "energy": 29.911428, "activity_lines": [ 25.653999, 25.833091, 26.303095, 27.470366 ] }, { "date": "2026-07-03", "close": 25.24, "volume": 24253, "typical_volume": 337543.15, "trend": 29.181333, "fair_value": 63.20717, "relative_strength": -19.447702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.673892, "energy": 28.320645, "activity_lines": [ 25.505333, 25.683636, 26.147762, 27.210022 ] }, { "date": "2026-07-10", "close": 25.17, "volume": 222422, "typical_volume": 342107.95, "trend": 28.864667, "fair_value": 63.231117, "relative_strength": -18.563543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.233221, "energy": 34.056023, "activity_lines": [ 25.426, 25.548363, 26.012952, 26.951226 ] }, { "date": "2026-07-17", "close": 25.01, "volume": 104004, "typical_volume": 344949.3, "trend": 28.427, "fair_value": 63.254103, "relative_strength": -18.628449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.093018, "energy": 39.34928, "activity_lines": [ 25.24, 25.413273, 25.885809, 26.702538 ] }, { "date": "2026-07-24", "close": 24.42, "volume": 117800, "typical_volume": 347486.65, "trend": 28.007334, "fair_value": 63.269408, "relative_strength": -17.725792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.493201, "energy": 44.564592, "activity_lines": [ 24.912, 25.207091, 25.723905, 26.444022 ] }, { "date": "2026-07-31", "close": 25.440001, "volume": 68165, "typical_volume": 342837.35, "trend": 27.711334, "fair_value": 63.276134, "relative_strength": -15.640513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.662001, "energy": 35.748971, "activity_lines": [ 25.032667, 25.212727, 25.677905, 26.278387 ] }, { "date": "2026-08-07", "close": 24.93, "volume": 70853, "typical_volume": 337798.75, "trend": 27.399334, "fair_value": 63.260606, "relative_strength": -17.101044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.381976, "energy": 31.001889, "activity_lines": [ 24.990667, 25.132546, 25.588, 26.098946 ] } ], "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." } } }