{ "ticker": { "uuid": "9dc4d990-c38b-453d-a8f7-9f8e66d63b95", "symbol": "HGINFRA", "name": "H.G. Infra Engineering Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -47.359, "architecture_energy": 53.604, "architecture_maturity": 5.052, "architecture_confidence": 83.862, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 33.25, "rotation_up": 8.67, "upward_expansion": 18.13, "deceleration": 43.98, "rotation_down": 64.57, "downward_expansion": 79.47 }, "activity_lines": [ 544.923332, 553.019997, 565.300955, 563.341508 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 549.150024, "trend_reference": 570.93167, "distance_from_trend": -0.038151, "trend_direction": "Weakening", "fair_value": 1020.534715, "distance_from_fair_value": -0.4619, "fair_value_direction": "Weakening", "relative_strength": -21.298965, "relative_strength_direction": "Improving", "price_momentum": -0.155414, "excess_performance": -0.111705, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.038151, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.1284, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.4619, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.059555, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.21299, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007969, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.155414, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.175845, "read": "Supply-led" } ], "volume": { "latest": 243900, "relative_activity": 0.220192, "balance": 0.175845, "dry_up": 0.25718, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.054588, "annualized_volatility": 0.40267, "from_high_reference": -0.476975, "from_low_reference": 0.27858 }, "levels": { "trend_reference": 570.93167, "fair_value_reference": 1020.534715, "structural_low": 429.5, "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": 25, "median_return": -0.024744, "positive_rate": 0.44, "directional_follow_through": 0.56, "median_excess_return": -0.013373, "regime_survival": 0.76, "best_return": 0.233416, "worst_return": -0.236389, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.038498, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.064233, "regime_survival": 0.555556, "best_return": 0.229952, "worst_return": -0.409068, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.110633, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.150199, "regime_survival": 0.2, "best_return": 0.8106, "worst_return": -0.273181, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.342631, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.353449, "regime_survival": 0.666667, "best_return": 0.719019, "worst_return": -0.430729, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-11-24", "end": "2023-12-01", "tenure": "New", "return": -0.002141, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-08", "end": "2024-02-02", "tenure": "Developing", "return": 0.126878, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-09", "end": "2024-02-23", "tenure": "New", "return": -0.025331, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-01", "end": "2024-04-05", "tenure": "Developing", "return": 0.181596, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-08-02", "tenure": "Established", "return": 0.508609, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-10-25", "tenure": "Developing", "return": -0.190593, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.119895, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": 0.169057, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": -0.150975, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-05-16", "tenure": "Established", "return": -0.035937, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.117761, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-05-08", "tenure": "Extended", "return": -0.402103, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-31", "tenure": "Developing", "return": -0.108656, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 933.876404, "volume": 643918, "typical_volume": 769923.05, "trend": 842.566656, "fair_value": 543.833862, "relative_strength": 19.191597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.045497, "energy": 57.747938, "activity_lines": [ 938.928748, 918.358952, 906.198657, 883.851019 ] }, { "date": "2023-08-25", "close": 910.396118, "volume": 402359, "typical_volume": 763882.7, "trend": 851.471531, "fair_value": 548.303963, "relative_strength": 15.738592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.119379, "energy": 38.171075, "activity_lines": [ 930.001782, 920.184149, 907.6669, 888.227113 ] }, { "date": "2023-09-01", "close": 920.167114, "volume": 391296, "typical_volume": 748021.3, "trend": 859.726278, "fair_value": 552.958228, "relative_strength": 15.236705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.699261, "energy": 33.022896, "activity_lines": [ 925.816239, 922.816608, 909.737174, 892.659086 ] }, { "date": "2023-09-08", "close": 983.130066, "volume": 1159264, "typical_volume": 763740.0, "trend": 868.116516, "fair_value": 558.037735, "relative_strength": 19.877333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.991239, "energy": 40.435053, "activity_lines": [ 943.521073, 935.780718, 917.418894, 900.620621 ] }, { "date": "2023-09-15", "close": 982.382324, "volume": 564841, "typical_volume": 763338.0, "trend": 875.494387, "fair_value": 563.031006, "relative_strength": 16.791901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.762266, "energy": 42.389442, "activity_lines": [ 957.306791, 946.220301, 924.38438, 907.992609 ] }, { "date": "2023-09-22", "close": 944.694275, "volume": 215762, "typical_volume": 735676.15, "trend": 882.865647, "fair_value": 567.894671, "relative_strength": 14.557851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.458619, "energy": 38.92749, "activity_lines": [ 956.874748, 948.016398, 927.259658, 912.457118 ] }, { "date": "2023-09-29", "close": 939.559448, "volume": 269249, "typical_volume": 650477.6, "trend": 889.776982, "fair_value": 572.727966, "relative_strength": 13.448232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.251855, "energy": 37.71637, "activity_lines": [ 954.009904, 947.451662, 929.415303, 916.114782 ] }, { "date": "2023-10-06", "close": 949.031372, "volume": 263967, "typical_volume": 632949.05, "trend": 895.190135, "fair_value": 577.646793, "relative_strength": 13.738929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.361344, "energy": 29.812308, "activity_lines": [ 952.358146, 948.483695, 932.475994, 919.937646 ] }, { "date": "2023-10-13", "close": 931.93219, "volume": 388120, "typical_volume": 627250.35, "trend": 900.542802, "fair_value": 582.498004, "relative_strength": 10.405187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.325081, "energy": 17.322121, "activity_lines": [ 943.082377, 946.128178, 933.750347, 922.308101 ] }, { "date": "2023-10-20", "close": 935.222351, "volume": 292107, "typical_volume": 617119.1, "trend": 905.849145, "fair_value": 587.293317, "relative_strength": 11.209554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.951937, "energy": 14.755437, "activity_lines": [ 938.31652, 944.30087, 935.165137, 924.545492 ] }, { "date": "2023-10-27", "close": 899.677979, "volume": 331796, "typical_volume": 600739.9, "trend": 909.859483, "fair_value": 591.920591, "relative_strength": 9.011496, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.423338, "energy": 10.718912, "activity_lines": [ 924.846537, 936.417018, 933.212432, 924.147352 ] }, { "date": "2023-11-03", "close": 918.721375, "volume": 182182, "typical_volume": 542099.85, "trend": 912.436774, "fair_value": 596.675028, "relative_strength": 9.458497, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.022167, "energy": 11.464753, "activity_lines": [ 920.72544, 932.617391, 933.09176, 924.719087 ] }, { "date": "2023-11-10", "close": 862.538269, "volume": 391587, "typical_volume": 524378.7, "trend": 913.210994, "fair_value": 600.997736, "relative_strength": 1.067349, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.957869, "energy": 27.28131, "activity_lines": [ 899.265845, 918.451285, 927.326812, 921.499828 ] }, { "date": "2023-11-17", "close": 859.846252, "volume": 600219, "typical_volume": 537160.6, "trend": 913.616675, "fair_value": 605.232879, "relative_strength": -1.345178, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.348647, "energy": 42.760383, "activity_lines": [ 882.675118, 904.843519, 921.287578, 918.056942 ] }, { "date": "2023-11-24", "close": 861.64093, "volume": 344469, "typical_volume": 519925.5, "trend": 913.098053, "fair_value": 609.409217, "relative_strength": -1.952743, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.947956, "energy": 48.034065, "activity_lines": [ 871.488346, 893.803582, 915.380752, 914.703668 ] }, { "date": "2023-12-01", "close": 859.796387, "volume": 399735, "typical_volume": 522086.6, "trend": 911.88233, "fair_value": 613.507559, "relative_strength": -4.892964, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.38578, "energy": 63.143403, "activity_lines": [ 864.592155, 884.623572, 909.404114, 911.264851 ] }, { "date": "2023-12-08", "close": 842.796875, "volume": 877240, "typical_volume": 526663.25, "trend": 908.636216, "fair_value": 617.492475, "relative_strength": -10.235569, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.688767, "energy": 64.256201, "activity_lines": [ 854.688232, 873.896339, 901.838952, 906.807725 ] }, { "date": "2023-12-15", "close": 845.439026, "volume": 455295, "typical_volume": 521877.5, "trend": 906.288043, "fair_value": 621.413839, "relative_strength": -12.263854, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.401321, "energy": 61.941139, "activity_lines": [ 850.72666, 865.408817, 894.953355, 902.730487 ] }, { "date": "2023-12-22", "close": 816.973572, "volume": 908581, "typical_volume": 491611.1, "trend": 903.666467, "fair_value": 625.260899, "relative_strength": -15.080862, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.931565, "energy": 67.398625, "activity_lines": [ 838.416553, 853.629255, 885.77709, 896.968263 ] }, { "date": "2023-12-29", "close": 845.040222, "volume": 816358, "typical_volume": 494917.25, "trend": 900.536619, "fair_value": 629.274194, "relative_strength": -13.883667, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.102975, "energy": 56.823987, "activity_lines": [ 838.320174, 849.042877, 879.802928, 893.185924 ] }, { "date": "2024-01-05", "close": 849.37738, "volume": 548256, "typical_volume": 490134.15, "trend": 898.731297, "fair_value": 633.16672, "relative_strength": -13.42983, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.950451, "energy": 41.834114, "activity_lines": [ 840.776229, 846.884748, 874.777619, 889.885328 ] }, { "date": "2024-01-12", "close": 900.924194, "volume": 1251980, "typical_volume": 532615.2, "trend": 900.192582, "fair_value": 637.498478, "relative_strength": -9.109165, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.480005, "energy": 22.655682, "activity_lines": [ 861.109155, 855.013323, 875.063906, 890.026805 ] }, { "date": "2024-01-19", "close": 931.832397, "volume": 884881, "typical_volume": 557294.45, "trend": 902.627716, "fair_value": 642.074813, "relative_strength": -5.007707, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.632766, "energy": 14.411051, "activity_lines": [ 887.869661, 869.085157, 878.338937, 892.068084 ] }, { "date": "2024-01-26", "close": 917.425232, "volume": 365049, "typical_volume": 517583.7, "trend": 904.816608, "fair_value": 646.573748, "relative_strength": -5.551953, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.941879, "energy": 20.847811, "activity_lines": [ 904.068221, 879.277613, 880.186307, 893.022762 ] }, { "date": "2024-02-02", "close": 949.729309, "volume": 873812, "typical_volume": 533032.25, "trend": 907.011881, "fair_value": 650.878905, "relative_strength": -4.701921, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 30.759345, "energy": 34.559396, "activity_lines": [ 924.338029, 894.296647, 885.423136, 895.920356 ] }, { "date": "2024-02-09", "close": 923.008667, "volume": 729210, "typical_volume": 558704.65, "trend": 908.905613, "fair_value": 654.805667, "relative_strength": -7.135294, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.592068, "energy": 35.412287, "activity_lines": [ 928.721684, 902.855776, 888.270633, 896.952407 ] }, { "date": "2024-02-16", "close": 921.263855, "volume": 417702, "typical_volume": 566127.3, "trend": 908.525659, "fair_value": 658.842773, "relative_strength": -8.37297, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.642569, "energy": 34.476612, "activity_lines": [ 927.614982, 909.948352, 891.055222, 897.749712 ] }, { "date": "2024-02-23", "close": 899.628052, "volume": 473837, "typical_volume": 576620.8, "trend": 907.389661, "fair_value": 662.796227, "relative_strength": -11.182971, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.894469, "energy": 16.923211, "activity_lines": [ 917.940369, 911.680473, 891.86638, 897.175673 ] }, { "date": "2024-03-01", "close": 897.683838, "volume": 553246, "typical_volume": 584877.1, "trend": 906.376388, "fair_value": 666.741672, "relative_strength": -11.821761, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.740381, "energy": 4.675135, "activity_lines": [ 909.76464, 912.073846, 892.727629, 896.549491 ] }, { "date": "2024-03-08", "close": 906.009155, "volume": 853974, "typical_volume": 612970.45, "trend": 904.658154, "fair_value": 670.799976, "relative_strength": -11.433433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.111208, "energy": 5.066277, "activity_lines": [ 905.680111, 912.513453, 894.544852, 896.525799 ] }, { "date": "2024-03-15", "close": 887.264832, "volume": 1033073, "typical_volume": 648034.3, "trend": 903.104435, "fair_value": 674.767711, "relative_strength": -11.233043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.475513, "energy": 9.689186, "activity_lines": [ 898.26215, 908.436476, 894.716012, 895.403649 ] }, { "date": "2024-03-22", "close": 895.988892, "volume": 861004, "typical_volume": 681975.4, "trend": 902.624194, "fair_value": 678.661887, "relative_strength": -10.458871, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.33077, "energy": 5.039036, "activity_lines": [ 896.135132, 905.256828, 895.777146, 894.944582 ] }, { "date": "2024-03-29", "close": 906.208557, "volume": 355584, "typical_volume": 680175.25, "trend": 902.158909, "fair_value": 682.590396, "relative_strength": -10.206869, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.443945, "energy": 3.588576, "activity_lines": [ 899.099666, 904.025035, 897.919831, 895.175831 ] }, { "date": "2024-04-05", "close": 1060.699707, "volume": 3390412, "typical_volume": 819684.9, "trend": 904.744564, "fair_value": 687.579223, "relative_strength": 4.259959, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.694765, "energy": 53.291738, "activity_lines": [ 953.122551, 931.348429, 914.568005, 905.404269 ] }, { "date": "2024-04-12", "close": 1053.869995, "volume": 896215, "typical_volume": 847272.2, "trend": 907.127486, "fair_value": 692.644527, "relative_strength": 3.574758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.380529, "energy": 71.525957, "activity_lines": [ 994.001139, 954.825067, 929.609285, 915.025265 ] }, { "date": "2024-04-19", "close": 1022.014648, "volume": 676588, "typical_volume": 861114.85, "trend": 909.704832, "fair_value": 697.469999, "relative_strength": 2.217833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.632477, "energy": 71.580407, "activity_lines": [ 1014.40389, 970.616356, 940.701346, 922.43734 ] }, { "date": "2024-04-26", "close": 1171.321289, "volume": 2431619, "typical_volume": 938833.8, "trend": 917.430227, "fair_value": 703.215341, "relative_strength": 15.543198, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.774581, "energy": 86.053027, "activity_lines": [ 1075.5922, 1011.754199, 965.240619, 939.315821 ] }, { "date": "2024-05-03", "close": 1190.414429, "volume": 803397, "typical_volume": 956238.9, "trend": 925.476329, "fair_value": 709.042036, "relative_strength": 16.967326, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.46096, "energy": 89.209185, "activity_lines": [ 1124.789396, 1051.817023, 990.033884, 956.927705 ] }, { "date": "2024-05-10", "close": 1177.602539, "volume": 1500721, "typical_volume": 985845.9, "trend": 933.66534, "fair_value": 714.474191, "relative_strength": 17.812303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.128405, "energy": 85.343485, "activity_lines": [ 1150.768905, 1084.263388, 1011.96423, 973.193912 ] }, { "date": "2024-05-17", "close": 1384.587769, "volume": 4395099, "typical_volume": 1164782.95, "trend": 948.644187, "fair_value": 721.069014, "relative_strength": 35.33662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.488319, "energy": 95.893629, "activity_lines": [ 1237.949968, 1149.254, 1051.890174, 1002.285682 ] }, { "date": "2024-05-24", "close": 1524.671631, "volume": 2897978, "typical_volume": 1282269.05, "trend": 969.477309, "fair_value": 728.39956, "relative_strength": 44.741481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.239821, "energy": 96.458303, "activity_lines": [ 1349.7778, 1231.012975, 1102.588164, 1039.448743 ] }, { "date": "2024-05-31", "close": 1503.085815, "volume": 1395300, "typical_volume": 1289435.05, "trend": 988.956124, "fair_value": 735.363311, "relative_strength": 44.421113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.158957, "energy": 92.579275, "activity_lines": [ 1420.899894, 1297.258042, 1148.014675, 1073.875098 ] }, { "date": "2024-06-07", "close": 1525.967896, "volume": 2307250, "typical_volume": 1360553.5, "trend": 1011.070445, "fair_value": 742.589545, "relative_strength": 40.850819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.884236, "energy": 86.528313, "activity_lines": [ 1477.531714, 1356.625362, 1192.752995, 1108.521019 ] }, { "date": "2024-06-14", "close": 1732.703857, "volume": 3426981, "typical_volume": 1513650.1, "trend": 1040.165698, "fair_value": 751.160734, "relative_strength": 56.900746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.987091, "energy": 84.640328, "activity_lines": [ 1580.70529, 1442.312686, 1254.351238, 1155.078013 ] }, { "date": "2024-06-21", "close": 1705.734131, "volume": 516630, "typical_volume": 1495791.0, "trend": 1068.302138, "fair_value": 759.650665, "relative_strength": 52.568635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.04602, "energy": 70.463727, "activity_lines": [ 1637.882202, 1510.878167, 1309.498657, 1198.017912 ] }, { "date": "2024-06-28", "close": 1758.128296, "volume": 1270221, "typical_volume": 1522841.55, "trend": 1098.246535, "fair_value": 768.31484, "relative_strength": 52.144637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.31196, "energy": 69.898019, "activity_lines": [ 1691.114079, 1577.117785, 1366.035973, 1242.522825 ] }, { "date": "2024-07-05", "close": 1723.730469, "volume": 718024, "typical_volume": 1537857.65, "trend": 1127.610988, "fair_value": 776.211954, "relative_strength": 45.782162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.613507, "energy": 67.234004, "activity_lines": [ 1717.316235, 1623.719367, 1415.320545, 1282.876628 ] }, { "date": "2024-07-12", "close": 1683.5, "volume": 1607824, "typical_volume": 1594557.0, "trend": 1155.546354, "fair_value": 783.854044, "relative_strength": 39.990432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.260865, "energy": 63.390311, "activity_lines": [ 1715.398592, 1652.962516, 1456.952375, 1318.740435 ] }, { "date": "2024-07-19", "close": 1686.840088, "volume": 1831638, "typical_volume": 1658476.6, "trend": 1184.541905, "fair_value": 791.616485, "relative_strength": 38.931851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.298404, "energy": 56.664526, "activity_lines": [ 1704.092171, 1673.847761, 1495.169584, 1353.01745 ] }, { "date": "2024-07-26", "close": 1664.556274, "volume": 1431943, "typical_volume": 1687375.05, "trend": 1211.859106, "fair_value": 798.927169, "relative_strength": 34.400391, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.8178, "energy": 49.797287, "activity_lines": [ 1688.415397, 1681.422539, 1527.506639, 1383.986119 ] }, { "date": "2024-08-02", "close": 1589.878052, "volume": 695161, "typical_volume": 1670479.45, "trend": 1236.542462, "fair_value": 805.488409, "relative_strength": 28.150425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.677429, "energy": 36.834968, "activity_lines": [ 1650.591073, 1670.329122, 1549.119353, 1408.374438 ] }, { "date": "2024-08-09", "close": 1608.373169, "volume": 1477556, "typical_volume": 1701307.05, "trend": 1260.124095, "fair_value": 812.420811, "relative_strength": 30.667368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.30513, "energy": 30.157591, "activity_lines": [ 1630.14847, 1661.412882, 1569.147729, 1432.363516 ] }, { "date": "2024-08-16", "close": 1533.812378, "volume": 415087, "typical_volume": 1704282.2, "trend": 1280.190094, "fair_value": 818.706327, "relative_strength": 23.065805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.956768, "energy": 22.585331, "activity_lines": [ 1592.542757, 1637.025819, 1578.682772, 1450.020824 ] }, { "date": "2024-08-23", "close": 1585.75769, "volume": 1287368, "typical_volume": 1599130.0, "trend": 1302.467843, "fair_value": 825.335575, "relative_strength": 25.001178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.379632, "energy": 19.957343, "activity_lines": [ 1582.231323, 1621.940731, 1590.176397, 1469.734863 ] }, { "date": "2024-08-30", "close": 1559.211182, "volume": 677578, "typical_volume": 1588198.15, "trend": 1322.783905, "fair_value": 831.691107, "relative_strength": 20.244942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.131816, "energy": 17.775169, "activity_lines": [ 1569.80988, 1604.700755, 1596.641508, 1486.298949 ] }, { "date": "2024-09-06", "close": 1488.852783, "volume": 384956, "typical_volume": 1573616.55, "trend": 1341.645376, "fair_value": 837.398089, "relative_strength": 16.143965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.978272, "energy": 15.116386, "activity_lines": [ 1540.958643, 1577.332395, 1593.999432, 1497.01307 ] }, { "date": "2024-09-13", "close": 1561.606323, "volume": 1775749, "typical_volume": 1540823.05, "trend": 1362.990125, "fair_value": 843.249649, "relative_strength": 18.823351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.874497, "energy": 13.178249, "activity_lines": [ 1543.093603, 1568.087871, 1596.063226, 1511.204099 ] }, { "date": "2024-09-20", "close": 1545.63855, "volume": 978941, "typical_volume": 1549600.25, "trend": 1384.523808, "fair_value": 849.118011, "relative_strength": 15.118411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.442535, "energy": 12.137737, "activity_lines": [ 1543.023763, 1558.887826, 1594.747779, 1522.987869 ] }, { "date": "2024-09-27", "close": 1541.696533, "volume": 527463, "typical_volume": 1500937.35, "trend": 1405.990898, "fair_value": 854.82474, "relative_strength": 12.663209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.300789, "energy": 10.988668, "activity_lines": [ 1540.851505, 1551.477623, 1591.365359, 1533.128044 ] }, { "date": "2024-10-04", "close": 1490.599243, "volume": 548427, "typical_volume": 1308603.75, "trend": 1425.477234, "fair_value": 859.930561, "relative_strength": 13.527446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.397253, "energy": 6.98136, "activity_lines": [ 1524.584228, 1537.415978, 1581.38275, 1538.586647 ] }, { "date": "2024-10-11", "close": 1481.817017, "volume": 442019, "typical_volume": 1185805.8, "trend": 1445.29564, "fair_value": 864.953961, "relative_strength": 12.58405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.550161, "energy": 8.831927, "activity_lines": [ 1509.963672, 1524.920419, 1570.058921, 1542.221472 ] }, { "date": "2024-10-18", "close": 1441.797485, "volume": 274917, "typical_volume": 1129786.65, "trend": 1463.48926, "fair_value": 869.552282, "relative_strength": 9.62313, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.39902, "energy": 19.169036, "activity_lines": [ 1482.472323, 1507.113328, 1555.127778, 1541.995785 ] }, { "date": "2024-10-25", "close": 1301.829224, "volume": 560343, "typical_volume": 1042441.3, "trend": 1476.676615, "fair_value": 873.200165, "relative_strength": 1.493338, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -51.015148, "energy": 56.964629, "activity_lines": [ 1416.312142, 1466.886111, 1527.158173, 1531.566105 ] }, { "date": "2024-11-01", "close": 1390.500854, "volume": 481359, "typical_volume": 895160.2, "trend": 1487.669987, "fair_value": 877.109003, "relative_strength": 7.487507, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.552012, "energy": 56.276778, "activity_lines": [ 1395.963127, 1446.998884, 1508.700813, 1526.006378 ] }, { "date": "2024-11-08", "close": 1267.997437, "volume": 673288, "typical_volume": 902993.1, "trend": 1494.807568, "fair_value": 880.789163, "relative_strength": -1.636435, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.445709, "energy": 70.593622, "activity_lines": [ 1344.859351, 1408.388432, 1480.205999, 1511.833956 ] }, { "date": "2024-11-15", "close": 1223.786377, "volume": 842354, "typical_volume": 881599.75, "trend": 1501.533293, "fair_value": 884.385047, "relative_strength": -2.877896, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.032243, "energy": 85.070142, "activity_lines": [ 1293.858675, 1367.034402, 1449.585068, 1494.348718 ] }, { "date": "2024-11-22", "close": 1276.879517, "volume": 373395, "typical_volume": 864368.3, "trend": 1505.0519, "fair_value": 888.674921, "relative_strength": -0.604657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.941825, "energy": 78.576933, "activity_lines": [ 1277.757756, 1340.153059, 1426.565112, 1479.854926 ] }, { "date": "2024-11-29", "close": 1328.475708, "volume": 365517, "typical_volume": 802252.95, "trend": 1509.653943, "fair_value": 893.20219, "relative_strength": 1.991385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.64984, "energy": 71.801959, "activity_lines": [ 1289.850098, 1327.829692, 1410.58694, 1468.462913 ] }, { "date": "2024-12-06", "close": 1448.783447, "volume": 549617, "typical_volume": 738151.9, "trend": 1518.693307, "fair_value": 898.564063, "relative_strength": 8.050914, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.761059, "energy": 40.970121, "activity_lines": [ 1340.268587, 1341.328875, 1407.757241, 1464.535784 ] }, { "date": "2024-12-13", "close": 1465.849121, "volume": 1440758, "typical_volume": 738592.65, "trend": 1521.402018, "fair_value": 904.172014, "relative_strength": 8.166948, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.260016, "energy": 21.602867, "activity_lines": [ 1392.490129, 1359.620237, 1407.686446, 1461.126482 ] }, { "date": "2024-12-20", "close": 1429.921509, "volume": 584298, "typical_volume": 733049.5, "trend": 1518.243681, "fair_value": 909.566545, "relative_strength": 9.934178, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.650068, "energy": 25.222499, "activity_lines": [ 1419.545687, 1371.829308, 1405.140199, 1455.224514 ] }, { "date": "2024-12-27", "close": 1492.744995, "volume": 747001, "typical_volume": 696521.75, "trend": 1517.898987, "fair_value": 915.505569, "relative_strength": 12.739732, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.670367, "energy": 21.464633, "activity_lines": [ 1453.800065, 1396.404386, 1409.338839, 1453.579437 ] }, { "date": "2025-01-03", "close": 1506.81665, "volume": 446604, "typical_volume": 698097.6, "trend": 1517.260612, "fair_value": 921.315598, "relative_strength": 11.979403, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.59789, "energy": 17.838151, "activity_lines": [ 1478.353963, 1422.611628, 1415.428246, 1452.864448 ] }, { "date": "2025-01-10", "close": 1387.806152, "volume": 393243, "typical_volume": 653391.35, "trend": 1505.764022, "fair_value": 926.301247, "relative_strength": 5.006998, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.12982, "energy": 15.096586, "activity_lines": [ 1451.348299, 1423.453553, 1410.311872, 1444.512547 ] }, { "date": "2025-01-17", "close": 1391.299194, "volume": 232048, "typical_volume": 631114.85, "trend": 1495.282857, "fair_value": 931.443102, "relative_strength": 5.699273, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.488208, "energy": 11.241529, "activity_lines": [ 1429.572135, 1424.979572, 1406.470795, 1437.12772 ] }, { "date": "2025-01-24", "close": 1232.618652, "volume": 248803, "typical_volume": 624307.2, "trend": 1477.765869, "fair_value": 936.059697, "relative_strength": -6.236787, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.582881, "energy": 34.406342, "activity_lines": [ 1359.872452, 1395.412733, 1388.316866, 1420.181642 ] }, { "date": "2025-01-31", "close": 1279.324585, "volume": 445930, "typical_volume": 557816.25, "trend": 1462.95234, "fair_value": 940.245769, "relative_strength": -4.759528, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.084387, "energy": 50.449682, "activity_lines": [ 1318.894938, 1374.177295, 1375.831284, 1407.378978 ] }, { "date": "2025-02-07", "close": 1270.492432, "volume": 586567, "typical_volume": 538197.55, "trend": 1449.185421, "fair_value": 944.476859, "relative_strength": -5.9895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.118909, "energy": 62.512882, "activity_lines": [ 1289.2014, 1351.291555, 1363.848743, 1394.96221 ] }, { "date": "2025-02-14", "close": 1152.130615, "volume": 561261, "typical_volume": 539887.45, "trend": 1431.361772, "fair_value": 947.989045, "relative_strength": -12.650166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.24978, "energy": 75.947409, "activity_lines": [ 1235.80887, 1307.939726, 1341.903867, 1375.797384 ] }, { "date": "2025-02-21", "close": 1106.821899, "volume": 542380, "typical_volume": 539585.1, "trend": 1412.770626, "fair_value": 951.345878, "relative_strength": -15.821033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.24822, "energy": 77.740338, "activity_lines": [ 1183.025138, 1261.743637, 1317.498952, 1354.859328 ] }, { "date": "2025-02-28", "close": 962.462524, "volume": 386232, "typical_volume": 536795.75, "trend": 1391.856775, "fair_value": 953.936314, "relative_strength": -24.662871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.474934, "energy": 86.22408, "activity_lines": [ 1101.086767, 1195.828156, 1281.173036, 1325.807192 ] }, { "date": "2025-03-07", "close": 1085.315186, "volume": 589556, "typical_volume": 552527.7, "trend": 1374.421509, "fair_value": 957.41622, "relative_strength": -16.875213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.889239, "energy": 78.329699, "activity_lines": [ 1078.109692, 1160.748777, 1259.02049, 1306.030315 ] }, { "date": "2025-03-14", "close": 1000.386169, "volume": 268468, "typical_volume": 537933.95, "trend": 1356.640635, "fair_value": 960.14621, "relative_strength": -22.960727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.14821, "energy": 81.111776, "activity_lines": [ 1039.756905, 1117.635573, 1230.477001, 1281.899003 ] }, { "date": "2025-03-21", "close": 1125.484253, "volume": 409950, "typical_volume": 534363.5, "trend": 1341.298187, "fair_value": 963.776559, "relative_strength": -17.075568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.308486, "energy": 61.846426, "activity_lines": [ 1061.110563, 1106.475303, 1215.283058, 1266.985688 ] }, { "date": "2025-03-28", "close": 1054.67688, "volume": 753935, "typical_volume": 538395.85, "trend": 1324.480377, "fair_value": 966.887383, "relative_strength": -22.959231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.022297, "energy": 48.927993, "activity_lines": [ 1060.638188, 1087.210454, 1194.60754, 1248.493991 ] }, { "date": "2025-04-04", "close": 1043.49939, "volume": 366353, "typical_volume": 514595.8, "trend": 1309.635264, "fair_value": 969.551241, "relative_strength": -21.689143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.610398, "energy": 46.158636, "activity_lines": [ 1059.916317, 1072.033739, 1173.883311, 1230.366185 ] }, { "date": "2025-04-11", "close": 1050.734741, "volume": 229861, "typical_volume": 507419.1, "trend": 1292.606211, "fair_value": 972.284099, "relative_strength": -20.863819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.733758, "energy": 40.716019, "activity_lines": [ 1056.203772, 1061.611075, 1154.706673, 1213.662926 ] }, { "date": "2025-04-18", "close": 1119.74585, "volume": 201216, "typical_volume": 499204.05, "trend": 1278.409788, "fair_value": 975.332851, "relative_strength": -19.305006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.022993, "energy": 34.105401, "activity_lines": [ 1077.800293, 1067.892064, 1143.179401, 1202.510644 ] }, { "date": "2025-04-25", "close": 1083.818237, "volume": 544701, "typical_volume": 498958.25, "trend": 1263.147178, "fair_value": 978.312512, "relative_strength": -22.320161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.053757, "energy": 30.628781, "activity_lines": [ 1079.463631, 1070.381607, 1129.224403, 1189.956351 ] }, { "date": "2025-05-02", "close": 1113.95752, "volume": 320388, "typical_volume": 442939.75, "trend": 1250.592454, "fair_value": 981.853042, "relative_strength": -20.979114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.981935, "energy": 25.379625, "activity_lines": [ 1093.951131, 1079.593063, 1119.877743, 1180.331212 ] }, { "date": "2025-05-09", "close": 1069.946045, "volume": 281592, "typical_volume": 427804.45, "trend": 1236.863422, "fair_value": 985.358365, "relative_strength": -22.804075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.463368, "energy": 23.32048, "activity_lines": [ 1089.816097, 1080.672694, 1108.015188, 1168.676604 ] }, { "date": "2025-05-16", "close": 1224.834351, "volume": 458654, "typical_volume": 413387.1, "trend": 1229.631317, "fair_value": 989.590846, "relative_strength": -14.843148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.149878, "energy": 13.147963, "activity_lines": [ 1135.547388, 1107.959589, 1112.618069, 1167.900535 ] }, { "date": "2025-05-23", "close": 1135.613892, "volume": 991449, "typical_volume": 440629.35, "trend": 1224.090806, "fair_value": 993.414527, "relative_strength": -19.96201, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.376942, "energy": 13.619421, "activity_lines": [ 1139.931885, 1116.487871, 1109.999529, 1161.834895 ] }, { "date": "2025-05-30", "close": 1117.550293, "volume": 491772, "typical_volume": 445555.8, "trend": 1214.992454, "fair_value": 996.943041, "relative_strength": -20.330476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.010029, "energy": 12.777368, "activity_lines": [ 1137.237313, 1119.273176, 1107.428278, 1154.961314 ] }, { "date": "2025-06-06", "close": 1085.215454, "volume": 811992, "typical_volume": 474553.0, "trend": 1208.899721, "fair_value": 1000.208844, "relative_strength": -22.83736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.055111, "energy": 14.618592, "activity_lines": [ 1121.515658, 1116.323673, 1103.064451, 1146.588604 ] }, { "date": "2025-06-13", "close": 1057.37146, "volume": 763458, "typical_volume": 500285.75, "trend": 1203.352557, "fair_value": 1003.445903, "relative_strength": -23.135674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.94657, "energy": 24.632305, "activity_lines": [ 1098.428809, 1107.756379, 1097.506357, 1136.812587 ] }, { "date": "2025-06-20", "close": 1001.883179, "volume": 622904, "typical_volume": 509134.45, "trend": 1194.186013, "fair_value": 1006.465861, "relative_strength": -27.492486, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.695761, "energy": 45.809813, "activity_lines": [ 1057.684172, 1088.848087, 1087.498175, 1123.814563 ] }, { "date": "2025-06-27", "close": 1048.090088, "volume": 777738, "typical_volume": 518693.0, "trend": 1184.839825, "fair_value": 1009.911051, "relative_strength": -24.853438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.810852, "energy": 48.906953, "activity_lines": [ 1047.205249, 1079.229262, 1083.211801, 1114.389019 ] }, { "date": "2025-07-04", "close": 1060.065918, "volume": 570821, "typical_volume": 519171.0, "trend": 1171.882574, "fair_value": 1013.271159, "relative_strength": -22.667928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.413683, "energy": 46.054452, "activity_lines": [ 1046.55319, 1073.090692, 1081.12504, 1106.33909 ] }, { "date": "2025-07-11", "close": 1085.414917, "volume": 921018, "typical_volume": 538102.9, "trend": 1159.201434, "fair_value": 1016.8167, "relative_strength": -19.100781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.720441, "energy": 35.157633, "activity_lines": [ 1058.183089, 1071.992891, 1081.890874, 1100.760531 ] }, { "date": "2025-07-18", "close": 1099.486572, "volume": 616953, "typical_volume": 549638.95, "trend": 1148.186936, "fair_value": 1020.159379, "relative_strength": -16.71402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.968275, "energy": 15.780291, "activity_lines": [ 1074.490242, 1073.97253, 1084.098803, 1096.907959 ] }, { "date": "2025-07-25", "close": 1060.065918, "volume": 261819, "typical_volume": 533252.1, "trend": 1133.764301, "fair_value": 1023.16, "relative_strength": -18.554142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.139576, "energy": 15.028344, "activity_lines": [ 1074.849504, 1068.247676, 1081.899888, 1091.222732 ] }, { "date": "2025-08-01", "close": 1025.036499, "volume": 251446, "typical_volume": 532401.0, "trend": 1117.704962, "fair_value": 1025.990009, "relative_strength": -19.708859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.779937, "energy": 20.574377, "activity_lines": [ 1059.653442, 1059.149627, 1076.485073, 1084.208035 ] }, { "date": "2025-08-08", "close": 990.705627, "volume": 408624, "typical_volume": 532334.7, "trend": 1104.468278, "fair_value": 1028.602822, "relative_strength": -21.013764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.750827, "energy": 36.835505, "activity_lines": [ 1034.550663, 1045.820099, 1067.683269, 1076.01453 ] }, { "date": "2025-08-15", "close": 963.0, "volume": 285081, "typical_volume": 508892.0, "trend": 1090.191638, "fair_value": 1031.180373, "relative_strength": -23.388291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.893575, "energy": 64.846369, "activity_lines": [ 1004.836694, 1029.759451, 1056.884636, 1066.887544 ] }, { "date": "2025-08-22", "close": 999.799988, "volume": 487063, "typical_volume": 514927.5, "trend": 1082.431016, "fair_value": 1033.755418, "relative_strength": -20.51506, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.28045, "energy": 64.44967, "activity_lines": [ 995.550382, 1022.61181, 1050.027321, 1061.055825 ] }, { "date": "2025-08-29", "close": 971.299988, "volume": 266029, "typical_volume": 516735.9, "trend": 1072.16353, "fair_value": 1036.157984, "relative_strength": -20.715739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.800942, "energy": 68.144031, "activity_lines": [ 983.409843, 1011.329104, 1040.663813, 1053.886081 ] }, { "date": "2025-09-05", "close": 998.5, "volume": 353838, "typical_volume": 524367.0, "trend": 1063.097115, "fair_value": 1038.630229, "relative_strength": -18.922607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.949417, "energy": 60.085889, "activity_lines": [ 986.253703, 1005.547913, 1034.269042, 1049.133595 ] }, { "date": "2025-09-12", "close": 973.299988, "volume": 422854, "typical_volume": 518274.65, "trend": 1057.136094, "fair_value": 1041.027424, "relative_strength": -21.44978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.709165, "energy": 49.800642, "activity_lines": [ 982.466659, 996.086539, 1026.051632, 1043.340232 ] }, { "date": "2025-09-19", "close": 1004.799988, "volume": 884801, "typical_volume": 546495.3, "trend": 1053.735364, "fair_value": 1043.628456, "relative_strength": -18.94979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.173355, "energy": 36.007552, "activity_lines": [ 990.33999, 993.930001, 1021.360499, 1039.963709 ] }, { "date": "2025-09-26", "close": 940.400024, "volume": 501421, "typical_volume": 557486.75, "trend": 1052.999947, "fair_value": 1045.878264, "relative_strength": -21.435445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.876916, "energy": 42.781238, "activity_lines": [ 973.960002, 981.530104, 1011.055834, 1032.651752 ] }, { "date": "2025-10-03", "close": 955.25, "volume": 382103, "typical_volume": 553659.2, "trend": 1048.664441, "fair_value": 1048.277839, "relative_strength": -20.292899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.831975, "energy": 42.354666, "activity_lines": [ 966.490002, 974.722685, 1002.782338, 1026.345304 ] }, { "date": "2025-10-10", "close": 934.5, "volume": 466012, "typical_volume": 527387.35, "trend": 1046.468235, "fair_value": 1050.684507, "relative_strength": -22.537272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.934358, "energy": 53.866264, "activity_lines": [ 953.173336, 966.048283, 993.816386, 1018.979856 ] }, { "date": "2025-10-17", "close": 919.400024, "volume": 232677, "typical_volume": 514432.6, "trend": 1039.598761, "fair_value": 1052.912997, "relative_strength": -24.368998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.473635, "energy": 70.630973, "activity_lines": [ 939.09001, 956.274549, 984.370027, 1010.781907 ] }, { "date": "2025-10-24", "close": 914.849976, "volume": 295170, "typical_volume": 488591.5, "trend": 1034.937864, "fair_value": 1055.156363, "relative_strength": -24.427481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.462642, "energy": 69.15515, "activity_lines": [ 927.083333, 946.97, 975.433903, 1002.733598 ] }, { "date": "2025-10-31", "close": 922.299988, "volume": 250489, "typical_volume": 462943.05, "trend": 1030.897884, "fair_value": 1057.430571, "relative_strength": -22.921164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.611269, "energy": 65.616654, "activity_lines": [ 923.556661, 939.895452, 968.018567, 995.466638 ] }, { "date": "2025-11-07", "close": 904.400024, "volume": 279354, "typical_volume": 445765.55, "trend": 1026.02006, "fair_value": 1059.767162, "relative_strength": -23.195002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.809168, "energy": 66.067774, "activity_lines": [ 915.270003, 930.975457, 959.541671, 987.305486 ] }, { "date": "2025-11-14", "close": 896.650024, "volume": 449274, "typical_volume": 429342.35, "trend": 1018.583533, "fair_value": 1061.847585, "relative_strength": -24.534284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.061739, "energy": 61.243744, "activity_lines": [ 907.79001, 921.862734, 950.790885, 978.959032 ] }, { "date": "2025-11-21", "close": 863.599976, "volume": 430605, "typical_volume": 422331.55, "trend": 1011.242924, "fair_value": 1063.606043, "relative_strength": -27.137015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.584404, "energy": 71.657116, "activity_lines": [ 891.816667, 908.592729, 939.613619, 968.960093 ] }, { "date": "2025-11-28", "close": 865.25, "volume": 1531056, "typical_volume": 452833.45, "trend": 1002.952673, "fair_value": 1065.366142, "relative_strength": -26.690223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.969785, "energy": 73.736167, "activity_lines": [ 880.113334, 897.617274, 929.52905, 959.541195 ] }, { "date": "2025-12-05", "close": 824.75, "volume": 268091, "typical_volume": 435390.35, "trend": 994.779472, "fair_value": 1066.93971, "relative_strength": -29.255704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.596153, "energy": 81.036209, "activity_lines": [ 858.216667, 881.815455, 916.635742, 948.044248 ] }, { "date": "2025-12-12", "close": 756.599976, "volume": 679851, "typical_volume": 456291.95, "trend": 979.171659, "fair_value": 1067.998547, "relative_strength": -33.893293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.644713, "energy": 93.302485, "activity_lines": [ 820.106657, 855.725451, 898.560225, 932.677829 ] }, { "date": "2025-12-19", "close": 747.450012, "volume": 523292, "typical_volume": 469884.25, "trend": 966.232863, "fair_value": 1069.32873, "relative_strength": -33.564489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.429877, "energy": 93.914261, "activity_lines": [ 788.799996, 831.583635, 881.058359, 917.728045 ] }, { "date": "2025-12-26", "close": 780.799988, "volume": 754670, "typical_volume": 487186.55, "trend": 955.007853, "fair_value": 1070.377057, "relative_strength": -29.783322, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.97166, "energy": 87.198998, "activity_lines": [ 778.556661, 816.90636, 868.054522, 905.764634 ] }, { "date": "2026-01-02", "close": 744.099976, "volume": 532571, "typical_volume": 499561.05, "trend": 943.637337, "fair_value": 1070.886298, "relative_strength": -32.766285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.774038, "energy": 89.983035, "activity_lines": [ 761.599988, 798.076356, 852.554996, 892.157674 ] }, { "date": "2026-01-09", "close": 711.349976, "volume": 531093, "typical_volume": 501762.55, "trend": 932.103288, "fair_value": 1071.193263, "relative_strength": -33.14627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.944199, "energy": 88.892092, "activity_lines": [ 741.803317, 776.396353, 834.978804, 877.171393 ] }, { "date": "2026-01-16", "close": 680.950012, "volume": 440180, "typical_volume": 510470.1, "trend": 921.405516, "fair_value": 1071.150889, "relative_strength": -35.021618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.36431, "energy": 78.449661, "activity_lines": [ 719.433325, 753.024537, 815.880948, 860.967956 ] }, { "date": "2026-01-23", "close": 590.049988, "volume": 5968197, "typical_volume": 791188.05, "trend": 906.137512, "fair_value": 1070.809864, "relative_strength": -41.420476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.27089, "energy": 82.342721, "activity_lines": [ 671.806657, 717.188173, 789.508566, 839.59018 ] }, { "date": "2026-01-30", "close": 641.75, "volume": 1311839, "typical_volume": 835637.3, "trend": 892.193648, "fair_value": 1070.61259, "relative_strength": -36.083434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.795733, "energy": 68.750995, "activity_lines": [ 651.906661, 696.326356, 770.004995, 822.532921 ] }, { "date": "2026-02-06", "close": 650.200012, "volume": 550616, "typical_volume": 818928.05, "trend": 877.686485, "fair_value": 1070.091931, "relative_strength": -35.283802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.590863, "energy": 66.893578, "activity_lines": [ 644.093335, 681.034542, 752.884996, 806.920428 ] }, { "date": "2026-02-13", "close": 666.400024, "volume": 844334, "typical_volume": 836073.7, "trend": 863.250267, "fair_value": 1069.485224, "relative_strength": -32.2897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.536121, "energy": 64.86184, "activity_lines": [ 647.94001, 672.598183, 738.996427, 793.289043 ] }, { "date": "2026-02-20", "close": 590.549988, "volume": 992238, "typical_volume": 866580.45, "trend": 847.599736, "fair_value": 1068.632619, "relative_strength": -39.464487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.324337, "energy": 65.807983, "activity_lines": [ 629.500004, 653.25, 719.188807, 775.695477 ] }, { "date": "2026-02-27", "close": 540.450012, "volume": 2878647, "typical_volume": 987212.2, "trend": 831.446853, "fair_value": 1067.403328, "relative_strength": -43.104231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.81025, "energy": 69.143728, "activity_lines": [ 600.386674, 627.811821, 696.346428, 755.879366 ] }, { "date": "2026-03-06", "close": 496.5, "volume": 960925, "typical_volume": 1023624.6, "trend": 814.973332, "fair_value": 1065.543477, "relative_strength": -45.400128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.897787, "energy": 72.012679, "activity_lines": [ 559.930005, 598.146367, 671.194761, 734.269892 ] }, { "date": "2026-03-13", "close": 487.950012, "volume": 6773337, "typical_volume": 1347532.95, "trend": 799.138332, "fair_value": 1063.726796, "relative_strength": -42.62896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.669196, "energy": 84.612862, "activity_lines": [ 526.306673, 572.09546, 647.24262, 713.171613 ] }, { "date": "2026-03-20", "close": 489.899994, "volume": 1363684, "typical_volume": 1403192.7, "trend": 782.141666, "fair_value": 1061.892616, "relative_strength": -41.481249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.555176, "energy": 85.047559, "activity_lines": [ 504.150002, 551.056368, 625.509048, 693.220752 ] }, { "date": "2026-03-27", "close": 461.399994, "volume": 1117246, "typical_volume": 1445087.3, "trend": 765.144999, "fair_value": 1059.854361, "relative_strength": -43.433772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.974037, "energy": 86.294783, "activity_lines": [ 484.26, 528.86182, 603.120238, 672.527741 ] }, { "date": "2026-04-03", "close": 482.399994, "volume": 1028473, "typical_volume": 1474047.25, "trend": 747.941666, "fair_value": 1057.553062, "relative_strength": -39.794184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.170488, "energy": 65.959211, "activity_lines": [ 479.979997, 514.477273, 584.840952, 654.286128 ] }, { "date": "2026-04-10", "close": 544.900024, "volume": 1399035, "typical_volume": 1522468.75, "trend": 733.661667, "fair_value": 1055.665808, "relative_strength": -34.947042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.711002, "energy": 58.736945, "activity_lines": [ 500.403339, 513.413641, 574.486668, 641.186667 ] }, { "date": "2026-04-17", "close": 621.049988, "volume": 11440132, "typical_volume": 2017922.55, "trend": 720.87, "fair_value": 1054.213078, "relative_strength": -25.900777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.63352, "energy": 37.251624, "activity_lines": [ 542.983333, 527.956365, 572.902382, 633.921398 ] }, { "date": "2026-04-24", "close": 603.099976, "volume": 1130164, "typical_volume": 2061026.2, "trend": 709.626665, "fair_value": 1052.456029, "relative_strength": -25.84818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.933579, "energy": 26.073514, "activity_lines": [ 570.706659, 539.765451, 570.771427, 626.323332 ] }, { "date": "2026-05-01", "close": 595.0, "volume": 523017, "typical_volume": 2053184.5, "trend": 697.618332, "fair_value": 1050.524824, "relative_strength": -26.274555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.628646, "energy": 29.17945, "activity_lines": [ 588.183327, 551.252724, 568.924523, 618.928063 ] }, { "date": "2026-05-08", "close": 626.650024, "volume": 706259, "typical_volume": 2062332.85, "trend": 687.356666, "fair_value": 1048.515014, "relative_strength": -22.095829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.06838, "energy": 25.120994, "activity_lines": [ 607.303337, 568.413637, 570.86143, 614.349462 ] }, { "date": "2026-05-15", "close": 604.200012, "volume": 1945384, "typical_volume": 2121868.55, "trend": 676.849999, "fair_value": 1046.517038, "relative_strength": -22.141568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.821429, "energy": 18.404599, "activity_lines": [ 609.32334, 579.925458, 571.235479, 608.984517 ] }, { "date": "2026-05-22", "close": 599.150024, "volume": 628938, "typical_volume": 2126686.9, "trend": 666.326667, "fair_value": 1044.616584, "relative_strength": -22.10652, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.658623, "energy": 15.557162, "activity_lines": [ 605.706681, 588.560916, 571.969529, 603.971615 ] }, { "date": "2026-05-29", "close": 583.650024, "volume": 498944, "typical_volume": 2125079.45, "trend": 655.038335, "fair_value": 1042.339112, "relative_strength": -22.634443, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.707567, "energy": 12.144482, "activity_lines": [ 598.383353, 592.356375, 571.917626, 598.637638 ] }, { "date": "2026-06-05", "close": 548.650024, "volume": 98077, "typical_volume": 2107974.3, "trend": 643.180002, "fair_value": 1040.064195, "relative_strength": -25.823262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.771395, "energy": 19.758502, "activity_lines": [ 580.690022, 588.083651, 569.140485, 591.773876 ] }, { "date": "2026-06-12", "close": 562.900024, "volume": 103022, "typical_volume": 1814715.55, "trend": 632.055002, "fair_value": 1038.17839, "relative_strength": -23.845418, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.591365, "energy": 23.249237, "activity_lines": [ 570.83669, 584.815472, 568.350487, 586.594523 ] }, { "date": "2026-06-19", "close": 582.849976, "volume": 123440, "typical_volume": 1755295.6, "trend": 622.696668, "fair_value": 1036.409618, "relative_strength": -21.675617, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.390876, "energy": 22.818028, "activity_lines": [ 571.883341, 583.71092, 569.589769, 583.420005 ] }, { "date": "2026-06-26", "close": 567.5, "volume": 0, "typical_volume": 1727764.8, "trend": 612.771668, "fair_value": 1034.587449, "relative_strength": -23.048732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.49434, "energy": 23.904156, "activity_lines": [ 569.23667, 579.125464, 569.647626, 579.85893 ] }, { "date": "2026-07-03", "close": 571.799988, "volume": 50578, "typical_volume": 1688077.0, "trend": 604.340001, "fair_value": 1032.586993, "relative_strength": -22.270657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.010624, "energy": 19.001198, "activity_lines": [ 570.133329, 576.29546, 570.508815, 577.215596 ] }, { "date": "2026-07-10", "close": 563.650024, "volume": 221178, "typical_volume": 1649524.0, "trend": 597.908336, "fair_value": 1030.647591, "relative_strength": -22.195064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.318653, "energy": 18.722471, "activity_lines": [ 569.103337, 572.552735, 571.044293, 574.590436 ] }, { "date": "2026-07-17", "close": 549.849976, "volume": 495856, "typical_volume": 1530384.45, "trend": 591.321668, "fair_value": 1028.193665, "relative_strength": -23.442647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.15152, "energy": 30.338799, "activity_lines": [ 562.473328, 566.870911, 570.393576, 571.489896 ] }, { "date": "2026-07-24", "close": 536.849976, "volume": 201483, "typical_volume": 1492412.35, "trend": 583.190001, "fair_value": 1025.649703, "relative_strength": -22.45473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.692928, "energy": 44.992719, "activity_lines": [ 552.379989, 560.221814, 568.460001, 567.975594 ] }, { "date": "2026-07-31", "close": 538.549988, "volume": 198243, "typical_volume": 1163657.65, "trend": 576.338335, "fair_value": 1023.152703, "relative_strength": -23.178751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.67912, "energy": 54.058174, "activity_lines": [ 545.919987, 555.106357, 566.496191, 565.095593 ] }, { "date": "2026-08-07", "close": 549.150024, "volume": 243900, "typical_volume": 1107668.45, "trend": 570.93167, "fair_value": 1020.534715, "relative_strength": -21.298965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.359372, "energy": 53.603533, "activity_lines": [ 544.923332, 553.019997, 565.300955, 563.341508 ] } ], "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." } } }