{ "ticker": { "uuid": "a59d3f13-b98f-4292-8f28-a243d457a5bd", "symbol": "4580", "name": "Value Valves Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 70.547, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 33.03, "architecture_energy": 12.457, "architecture_maturity": 29.039, "architecture_confidence": 75.73, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 54.67, "rotation_up": 32.98, "upward_expansion": 56.17, "deceleration": 80.95, "rotation_down": 28.55, "downward_expansion": 20.17 }, "activity_lines": [ 77.526276, 77.471915, 77.517874, 77.374991 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 78.5, "trend_reference": 77.337702, "distance_from_trend": 0.015029, "trend_direction": "Weakening", "fair_value": 80.163655, "distance_from_fair_value": -0.020753, "fair_value_direction": "Improving", "relative_strength": -29.087908, "relative_strength_direction": "Improving", "price_momentum": 0.021103, "excess_performance": -0.420269, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.015029, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001145, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.020753, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.010733, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.290879, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.030816, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.021103, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.57436, "read": "Demand-led" } ], "volume": { "latest": 505854, "relative_activity": 1.849316, "balance": 1.57436, "dry_up": 0.945647, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.031627, "annualized_volatility": 0.102171, "from_high_reference": -0.164928, "from_low_reference": 0.085593 }, "levels": { "trend_reference": 77.337702, "fair_value_reference": 80.163655, "structural_low": 75.0699, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.009289, "positive_rate": 0.6875, "directional_follow_through": 0.6875, "median_excess_return": 0.004568, "regime_survival": 0.625, "best_return": 0.13325, "worst_return": -0.03632, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.006385, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.07205, "regime_survival": 0.0, "best_return": 0.053669, "worst_return": -0.078522, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.023591, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.097046, "regime_survival": 0.25, "best_return": 0.082978, "worst_return": -0.036951, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.102589, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.043342, "regime_survival": 0.0, "best_return": 0.108451, "worst_return": 0.096727, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-15", "end": "2023-12-01", "tenure": "Developing", "return": 0.004362, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-05", "tenure": "Developing", "return": -0.008621, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-03-08", "tenure": "Developing", "return": 0.02081, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-07-19", "tenure": "Established", "return": 0.108137, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-10-11", "tenure": "Developing", "return": -0.013025, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-11-01", "tenure": "New", "return": -0.004162, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-08", "end": "2025-08-15", "tenure": "Extended", "return": -0.130985, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": 0.001245, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 0.053571, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.035429, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2026-01-16", "tenure": "Developing", "return": -0.023895, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-20", "tenure": "Developing", "return": -0.025393, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-05-15", "tenure": "Developing", "return": 0.025126, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-08-14", "tenure": "Established", "return": 0.002492, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 77.984558, "volume": 749000, "typical_volume": 680450.0, "trend": 74.031621, "fair_value": 68.823522, "relative_strength": 0.979004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.990365, "energy": 36.533524, "activity_lines": [ 78.886858, 78.820944, 77.910133, 76.521437 ] }, { "date": "2023-08-18", "close": 78.097527, "volume": 944000, "typical_volume": 671150.0, "trend": 74.470424, "fair_value": 68.874607, "relative_strength": 2.396567, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.081581, "energy": 28.391552, "activity_lines": [ 78.613006, 78.728696, 78.00836, 76.783754 ] }, { "date": "2023-08-25", "close": 76.733376, "volume": 330000, "typical_volume": 674950.0, "trend": 74.836902, "fair_value": 68.903725, "relative_strength": -0.059076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.787012, "energy": 17.094976, "activity_lines": [ 77.941356, 78.368789, 77.952728, 76.929751 ] }, { "date": "2023-09-01", "close": 77.841751, "volume": 322000, "typical_volume": 602650.0, "trend": 75.23764, "fair_value": 68.942228, "relative_strength": 0.348206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.753499, "energy": 16.786463, "activity_lines": [ 77.74943, 78.22876, 77.987515, 77.123612 ] }, { "date": "2023-09-08", "close": 77.244934, "volume": 161000, "typical_volume": 487600.0, "trend": 75.610428, "fair_value": 68.988759, "relative_strength": 0.100033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.40056, "energy": 15.379505, "activity_lines": [ 77.464761, 77.994533, 77.958852, 77.253115 ] }, { "date": "2023-09-15", "close": 78.182785, "volume": 201000, "typical_volume": 471050.0, "trend": 75.976881, "fair_value": 69.035374, "relative_strength": -0.6123, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.527673, "energy": 11.292203, "activity_lines": [ 77.665546, 77.977962, 78.012673, 77.419073 ] }, { "date": "2023-09-22", "close": 77.330185, "volume": 152000, "typical_volume": 464350.0, "trend": 76.314915, "fair_value": 69.077437, "relative_strength": 1.856675, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.703309, "energy": 7.156791, "activity_lines": [ 77.568916, 77.807164, 77.982815, 77.506383 ] }, { "date": "2023-09-29", "close": 77.585976, "volume": 121000, "typical_volume": 448150.0, "trend": 76.594339, "fair_value": 69.116579, "relative_strength": 2.282124, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.62937, "energy": 6.690238, "activity_lines": [ 77.608706, 77.712347, 77.975447, 77.588387 ] }, { "date": "2023-10-06", "close": 77.756485, "volume": 153000, "typical_volume": 444000.0, "trend": 76.898246, "fair_value": 69.163654, "relative_strength": 1.673391, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.326687, "energy": 7.617509, "activity_lines": [ 77.648493, 77.663103, 77.978927, 77.663364 ] }, { "date": "2023-10-13", "close": 77.671234, "volume": 108000, "typical_volume": 434500.0, "trend": 77.116062, "fair_value": 69.232978, "relative_strength": 0.176645, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.178775, "energy": 9.870614, "activity_lines": [ 77.665546, 77.628871, 77.964632, 77.713234 ] }, { "date": "2023-10-20", "close": 76.733376, "volume": 178000, "typical_volume": 434050.0, "trend": 77.216683, "fair_value": 69.288084, "relative_strength": 1.191419, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.905657, "energy": 10.085043, "activity_lines": [ 77.341561, 77.463507, 77.844862, 77.688545 ] }, { "date": "2023-10-27", "close": 76.903893, "volume": 113000, "typical_volume": 421800.0, "trend": 77.344472, "fair_value": 69.343371, "relative_strength": 3.409661, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.823713, "energy": 21.739183, "activity_lines": [ 77.171041, 77.351894, 77.73463, 77.668365 ] }, { "date": "2023-11-03", "close": 76.989159, "volume": 120000, "typical_volume": 402800.0, "trend": 77.45899, "fair_value": 69.399204, "relative_strength": 1.295803, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.926918, "energy": 32.870838, "activity_lines": [ 77.057363, 77.277487, 77.633062, 77.645442 ] }, { "date": "2023-11-10", "close": 78.523819, "volume": 227000, "typical_volume": 391350.0, "trend": 77.527988, "fair_value": 69.467155, "relative_strength": 2.355112, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.349378, "energy": 8.554626, "activity_lines": [ 77.495026, 77.477458, 77.68124, 77.71414 ] }, { "date": "2023-11-17", "close": 78.694344, "volume": 187000, "typical_volume": 366650.0, "trend": 77.624155, "fair_value": 69.545318, "relative_strength": -0.552652, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.07241, "energy": 20.551345, "activity_lines": [ 77.938376, 77.696032, 77.74616, 77.789389 ] }, { "date": "2023-11-24", "close": 78.694344, "volume": 173000, "typical_volume": 342950.0, "trend": 77.658556, "fair_value": 69.613905, "relative_strength": -1.046795, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.167903, "energy": 39.99258, "activity_lines": [ 78.313518, 77.888254, 77.816524, 77.858433 ] }, { "date": "2023-12-01", "close": 78.523819, "volume": 202000, "typical_volume": 328200.0, "trend": 77.711442, "fair_value": 69.683224, "relative_strength": -2.158228, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.861653, "energy": 49.165014, "activity_lines": [ 78.501087, 78.04017, 77.868418, 77.914257 ] }, { "date": "2023-12-08", "close": 79.120644, "volume": 226000, "typical_volume": 313900.0, "trend": 77.800334, "fair_value": 69.752721, "relative_strength": -1.179104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.704712, "energy": 64.090751, "activity_lines": [ 78.779602, 78.278897, 77.979189, 78.005173 ] }, { "date": "2023-12-15", "close": 78.694344, "volume": 297000, "typical_volume": 308950.0, "trend": 77.899186, "fair_value": 69.811734, "relative_strength": -3.316441, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.758732, "energy": 58.707766, "activity_lines": [ 78.773919, 78.412212, 78.045867, 78.062851 ] }, { "date": "2023-12-22", "close": 78.864853, "volume": 124000, "typical_volume": 254400.0, "trend": 78.052058, "fair_value": 69.871841, "relative_strength": -2.673192, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.004127, "energy": 55.686032, "activity_lines": [ 78.813704, 78.559477, 78.13231, 78.125152 ] }, { "date": "2023-12-29", "close": 78.694344, "volume": 167000, "typical_volume": 225300.0, "trend": 78.164336, "fair_value": 69.935869, "relative_strength": -4.62495, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.563854, "energy": 44.386514, "activity_lines": [ 78.785285, 78.654037, 78.207146, 78.16659 ] }, { "date": "2024-01-05", "close": 78.438568, "volume": 104000, "typical_volume": 183300.0, "trend": 78.211695, "fair_value": 69.973639, "relative_strength": -2.654037, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 25.313122, "energy": 21.470972, "activity_lines": [ 78.671607, 78.666439, 78.254242, 78.184282 ] }, { "date": "2024-01-12", "close": 77.841751, "volume": 264000, "typical_volume": 180000.0, "trend": 78.214991, "fair_value": 70.012141, "relative_strength": -3.335016, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.294777, "energy": 4.892984, "activity_lines": [ 78.364674, 78.542426, 78.242874, 78.160415 ] }, { "date": "2024-01-19", "close": 77.50071, "volume": 214000, "typical_volume": 174600.0, "trend": 78.177379, "fair_value": 70.041619, "relative_strength": -4.677866, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.592892, "energy": 17.968289, "activity_lines": [ 78.02932, 78.340904, 78.193748, 78.114332 ] }, { "date": "2024-01-26", "close": 77.841751, "volume": 141000, "typical_volume": 173600.0, "trend": 78.110855, "fair_value": 70.084681, "relative_strength": -5.896287, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.107779, "energy": 18.690265, "activity_lines": [ 77.887222, 78.219991, 78.178727, 78.092679 ] }, { "date": "2024-02-02", "close": 78.182785, "volume": 181000, "typical_volume": 172600.0, "trend": 78.109406, "fair_value": 70.137224, "relative_strength": -5.867212, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.93013, "energy": 20.156178, "activity_lines": [ 77.927009, 78.176586, 78.193342, 78.09732 ] }, { "date": "2024-02-09", "close": 78.353302, "volume": 30000, "typical_volume": 166500.0, "trend": 78.089472, "fair_value": 70.201346, "relative_strength": -5.886335, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.26225, "energy": 9.87529, "activity_lines": [ 78.057738, 78.173485, 78.224198, 78.113055 ] }, { "date": "2024-02-16", "close": 78.438568, "volume": 69000, "typical_volume": 163900.0, "trend": 78.091179, "fair_value": 70.27103, "relative_strength": -8.324334, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.192629, "energy": 13.968523, "activity_lines": [ 78.222574, 78.188987, 78.258302, 78.135577 ] }, { "date": "2024-02-23", "close": 78.438568, "volume": 284000, "typical_volume": 170450.0, "trend": 78.057975, "fair_value": 70.342537, "relative_strength": -9.624208, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.742416, "energy": 21.054908, "activity_lines": [ 78.347623, 78.216891, 78.288346, 78.157989 ] }, { "date": "2024-03-01", "close": 78.523819, "volume": 184000, "typical_volume": 174250.0, "trend": 78.014186, "fair_value": 70.410944, "relative_strength": -9.640804, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.880203, "energy": 26.828004, "activity_lines": [ 78.438564, 78.264945, 78.323261, 78.188044 ] }, { "date": "2024-03-08", "close": 79.46167, "volume": 635000, "typical_volume": 197100.0, "trend": 78.063423, "fair_value": 70.481259, "relative_strength": -12.338427, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.059091, "energy": 56.279915, "activity_lines": [ 78.796651, 78.489719, 78.443436, 78.28143 ] }, { "date": "2024-03-15", "close": 79.632195, "volume": 410000, "typical_volume": 211950.0, "trend": 78.114578, "fair_value": 70.537622, "relative_strength": -11.484209, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.788388, "energy": 67.789208, "activity_lines": [ 79.126321, 78.731545, 78.566859, 78.382641 ] }, { "date": "2024-03-22", "close": 82.104713, "volume": 952000, "typical_volume": 253550.0, "trend": 78.293623, "fair_value": 70.60801, "relative_strength": -10.984325, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.697389, "energy": 84.232575, "activity_lines": [ 80.194904, 79.401218, 78.912768, 78.640069 ] }, { "date": "2024-03-29", "close": 82.189972, "volume": 518000, "typical_volume": 268100.0, "trend": 78.438564, "fair_value": 70.679401, "relative_strength": -10.973383, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.562286, "energy": 88.089959, "activity_lines": [ 81.047497, 80.008884, 79.242437, 78.891446 ] }, { "date": "2024-04-05", "close": 83.468872, "volume": 561000, "typical_volume": 286800.0, "trend": 78.646028, "fair_value": 70.759446, "relative_strength": -9.573352, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.803358, "energy": 92.761014, "activity_lines": [ 82.076296, 80.763818, 79.676448, 79.215983 ] }, { "date": "2024-04-12", "close": 82.019447, "volume": 529000, "typical_volume": 304600.0, "trend": 78.773917, "fair_value": 70.847981, "relative_strength": -12.54034, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.238611, "energy": 84.407591, "activity_lines": [ 82.292284, 81.15291, 79.949683, 79.433622 ] }, { "date": "2024-04-19", "close": 80.399521, "volume": 452000, "typical_volume": 317100.0, "trend": 78.876228, "fair_value": 70.927044, "relative_strength": -8.669812, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.325158, "energy": 58.878398, "activity_lines": [ 81.797778, 81.177711, 80.052806, 79.5385 ] }, { "date": "2024-04-26", "close": 81.848938, "volume": 389000, "typical_volume": 325250.0, "trend": 79.018327, "fair_value": 71.019957, "relative_strength": -9.411008, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.42254, "energy": 48.384432, "activity_lines": [ 81.735255, 81.428839, 80.285036, 79.730288 ] }, { "date": "2024-05-03", "close": 82.360489, "volume": 147000, "typical_volume": 317750.0, "trend": 79.171794, "fair_value": 71.117061, "relative_strength": -9.4472, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.174283, "energy": 43.265396, "activity_lines": [ 81.860302, 81.710969, 80.552994, 79.945911 ] }, { "date": "2024-05-10", "close": 86.964493, "volume": 2166000, "typical_volume": 419850.0, "trend": 79.481569, "fair_value": 71.239118, "relative_strength": -5.836464, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.634957, "energy": 57.995977, "activity_lines": [ 83.508648, 82.758884, 81.24197, 80.448666 ] }, { "date": "2024-05-17", "close": 87.390785, "volume": 1137000, "typical_volume": 468350.0, "trend": 79.836816, "fair_value": 71.375307, "relative_strength": -7.59386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.511399, "energy": 69.076234, "activity_lines": [ 85.066051, 83.730839, 81.932976, 80.958938 ] }, { "date": "2024-05-24", "close": 87.390785, "volume": 901000, "typical_volume": 508200.0, "trend": 80.186379, "fair_value": 71.526085, "relative_strength": -8.73203, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.339295, "energy": 79.2118, "activity_lines": [ 86.265364, 84.558629, 82.58257, 81.446291 ] }, { "date": "2024-05-31", "close": 92.080055, "volume": 1293000, "typical_volume": 559650.0, "trend": 80.689409, "fair_value": 71.712393, "relative_strength": -1.990487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.260686, "energy": 87.783428, "activity_lines": [ 88.561683, 86.097947, 83.636132, 82.213625 ] }, { "date": "2024-06-07", "close": 91.227463, "volume": 772000, "typical_volume": 587550.0, "trend": 81.112864, "fair_value": 71.887765, "relative_strength": -5.779053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.916468, "energy": 83.922531, "activity_lines": [ 89.89173, 87.30088, 84.540693, 82.893499 ] }, { "date": "2024-06-14", "close": 93.78524, "volume": 948000, "typical_volume": 627900.0, "trend": 81.615894, "fair_value": 72.078621, "relative_strength": -5.784553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.976191, "energy": 80.324365, "activity_lines": [ 91.483238, 88.804544, 85.623486, 83.711072 ] }, { "date": "2024-06-21", "close": 92.080055, "volume": 524000, "typical_volume": 645050.0, "trend": 82.062084, "fair_value": 72.254899, "relative_strength": -10.237349, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.062175, "energy": 72.204856, "activity_lines": [ 92.051635, 89.810605, 86.46796, 84.386179 ] }, { "date": "2024-06-28", "close": 92.506348, "volume": 739000, "typical_volume": 680500.0, "trend": 82.528168, "fair_value": 72.433454, "relative_strength": -8.675929, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.704993, "energy": 58.150945, "activity_lines": [ 92.449511, 90.711253, 87.286855, 85.060003 ] }, { "date": "2024-07-05", "close": 92.506348, "volume": 467000, "typical_volume": 700400.0, "trend": 82.974358, "fair_value": 72.613832, "relative_strength": -10.408099, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.943073, "energy": 54.00846, "activity_lines": [ 92.506349, 91.391777, 88.038355, 85.703756 ] }, { "date": "2024-07-12", "close": 90.37487, "volume": 567000, "typical_volume": 714550.0, "trend": 83.363709, "fair_value": 72.782827, "relative_strength": -13.491581, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.352665, "energy": 44.733998, "activity_lines": [ 91.824276, 91.490989, 88.519867, 86.181208 ] }, { "date": "2024-07-19", "close": 88.243385, "volume": 328000, "typical_volume": 721750.0, "trend": 83.676327, "fair_value": 72.940438, "relative_strength": -11.371935, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.32321, "energy": 31.205818, "activity_lines": [ 90.488547, 91.056942, 88.741542, 86.496026 ] }, { "date": "2024-07-26", "close": 86.5382, "volume": 255000, "typical_volume": 702750.0, "trend": 83.937789, "fair_value": 73.08028, "relative_strength": -9.866128, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.846752, "energy": 20.257817, "activity_lines": [ 88.95388, 90.289609, 88.754534, 86.680663 ] }, { "date": "2024-08-02", "close": 86.964493, "volume": 223000, "typical_volume": 693400.0, "trend": 84.221986, "fair_value": 73.228781, "relative_strength": -7.11147, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.224468, "energy": 21.720104, "activity_lines": [ 87.930767, 89.615285, 88.774428, 86.875934 ] }, { "date": "2024-08-09", "close": 88.669678, "volume": 815000, "typical_volume": 686550.0, "trend": 84.582917, "fair_value": 73.386845, "relative_strength": -4.302862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.025751, "energy": 19.674926, "activity_lines": [ 87.845507, 89.258745, 88.921804, 87.162882 ] }, { "date": "2024-08-16", "close": 89.342079, "volume": 1241000, "typical_volume": 722700.0, "trend": 84.97763, "fair_value": 73.547851, "relative_strength": -7.056352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.473362, "energy": 14.031962, "activity_lines": [ 88.240158, 89.086467, 89.101957, 87.469925 ] }, { "date": "2024-08-23", "close": 88.89537, "volume": 366000, "typical_volume": 712950.0, "trend": 85.346084, "fair_value": 73.703715, "relative_strength": -6.453453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.704602, "energy": 9.901494, "activity_lines": [ 88.554759, 88.867249, 89.205509, 87.722682 ] }, { "date": "2024-08-30", "close": 89.163391, "volume": 275000, "typical_volume": 700250.0, "trend": 85.712104, "fair_value": 73.86312, "relative_strength": -6.352662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.525738, "energy": 16.541422, "activity_lines": [ 88.915235, 88.785669, 89.308746, 87.96896 ] }, { "date": "2024-09-06", "close": 88.448654, "volume": 301000, "typical_volume": 692700.0, "trend": 86.048615, "fair_value": 74.011102, "relative_strength": -3.261469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.979961, "energy": 16.302215, "activity_lines": [ 88.862452, 88.627166, 89.309894, 88.145512 ] }, { "date": "2024-09-13", "close": 86.661812, "volume": 561000, "typical_volume": 701300.0, "trend": 86.322724, "fair_value": 74.144247, "relative_strength": -6.35986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.648087, "energy": 5.131497, "activity_lines": [ 88.115111, 88.21756, 89.102537, 88.185073 ] }, { "date": "2024-09-20", "close": 87.823265, "volume": 435000, "typical_volume": 715700.0, "trend": 86.635547, "fair_value": 74.289187, "relative_strength": -6.492131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.286505, "energy": 8.97458, "activity_lines": [ 87.888779, 88.125391, 88.982877, 88.281882 ] }, { "date": "2024-09-27", "close": 87.555237, "volume": 236000, "typical_volume": 619200.0, "trend": 86.936594, "fair_value": 74.429509, "relative_strength": -9.112711, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.087993, "energy": 10.518289, "activity_lines": [ 87.674359, 88.030883, 88.811677, 88.341217 ] }, { "date": "2024-10-04", "close": 86.215111, "volume": 223000, "typical_volume": 573500.0, "trend": 87.161709, "fair_value": 74.565106, "relative_strength": -8.064623, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.789684, "energy": 24.762688, "activity_lines": [ 87.102572, 87.705227, 88.510033, 88.29467 ] }, { "date": "2024-10-11", "close": 85.411026, "volume": 251000, "typical_volume": 541000.0, "trend": 87.354337, "fair_value": 74.700866, "relative_strength": -10.937919, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.70013, "energy": 36.877567, "activity_lines": [ 86.459308, 87.239248, 88.137407, 88.181722 ] }, { "date": "2024-10-18", "close": 85.857735, "volume": 285000, "typical_volume": 490600.0, "trend": 87.479437, "fair_value": 74.838039, "relative_strength": -12.29688, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.114543, "energy": 39.98356, "activity_lines": [ 86.167457, 86.882734, 87.816753, 88.085167 ] }, { "date": "2024-10-25", "close": 86.036423, "volume": 188000, "typical_volume": 461400.0, "trend": 87.607652, "fair_value": 74.977324, "relative_strength": -11.148457, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.226584, "energy": 40.666811, "activity_lines": [ 85.988773, 86.609835, 87.542747, 87.99207 ] }, { "date": "2024-11-01", "close": 85.500366, "volume": 123000, "typical_volume": 420150.0, "trend": 87.675369, "fair_value": 75.110756, "relative_strength": -9.11526, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.911354, "energy": 41.482387, "activity_lines": [ 85.750526, 86.299574, 87.242407, 87.856116 ] }, { "date": "2024-11-08", "close": 85.947075, "volume": 183000, "typical_volume": 403100.0, "trend": 87.80629, "fair_value": 75.242702, "relative_strength": -11.20438, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.203334, "energy": 51.052577, "activity_lines": [ 85.798174, 86.13226, 87.024062, 87.744613 ] }, { "date": "2024-11-15", "close": 85.232346, "volume": 449000, "typical_volume": 388600.0, "trend": 87.967384, "fair_value": 75.363784, "relative_strength": -8.44869, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.586446, "energy": 50.674643, "activity_lines": [ 85.625447, 85.893474, 86.766853, 87.578552 ] }, { "date": "2024-11-22", "close": 84.785629, "volume": 215839, "typical_volume": 376041.95, "trend": 88.065274, "fair_value": 75.48007, "relative_strength": -9.208166, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.011136, "energy": 53.585429, "activity_lines": [ 85.315727, 85.631945, 86.501738, 87.373278 ] }, { "date": "2024-11-29", "close": 83.981552, "volume": 381000, "typical_volume": 366741.95, "trend": 88.119309, "fair_value": 75.587335, "relative_strength": -7.156586, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.883936, "energy": 56.985422, "activity_lines": [ 84.809455, 85.258332, 86.196808, 87.109812 ] }, { "date": "2024-12-06", "close": 84.428261, "volume": 197000, "typical_volume": 360191.95, "trend": 88.034768, "fair_value": 75.69698, "relative_strength": -10.020425, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.99545, "energy": 54.132553, "activity_lines": [ 84.589078, 85.035789, 85.964867, 86.87168 ] }, { "date": "2024-12-13", "close": 83.892212, "volume": 230000, "typical_volume": 358941.95, "trend": 87.918149, "fair_value": 75.802706, "relative_strength": -9.573172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.25048, "energy": 61.965086, "activity_lines": [ 84.261491, 84.772636, 85.700041, 86.604418 ] }, { "date": "2024-12-20", "close": 82.820099, "volume": 176000, "typical_volume": 356591.95, "trend": 87.765793, "fair_value": 75.900109, "relative_strength": -8.35433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.167058, "energy": 72.17421, "activity_lines": [ 83.713524, 84.356788, 85.345709, 86.275511 ] }, { "date": "2024-12-27", "close": 83.177467, "volume": 184000, "typical_volume": 325041.95, "trend": 87.46904, "fair_value": 76.007053, "relative_strength": -10.636727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.133169, "energy": 67.572032, "activity_lines": [ 83.445496, 84.053024, 85.045148, 85.97949 ] }, { "date": "2025-01-03", "close": 82.909454, "volume": 102000, "typical_volume": 268091.95, "trend": 87.191773, "fair_value": 76.105029, "relative_strength": -9.121149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.063618, "energy": 68.779422, "activity_lines": [ 83.195341, 83.749262, 84.745214, 85.685324 ] }, { "date": "2025-01-10", "close": 82.016029, "volume": 212000, "typical_volume": 260391.95, "trend": 86.799466, "fair_value": 76.195828, "relative_strength": -10.122761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.359048, "energy": 71.080944, "activity_lines": [ 82.718851, 83.339914, 84.390824, 85.351405 ] }, { "date": "2025-01-17", "close": 82.016029, "volume": 125000, "typical_volume": 252891.95, "trend": 86.463998, "fair_value": 76.286628, "relative_strength": -10.286188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.038629, "energy": 63.548655, "activity_lines": [ 82.403177, 82.993917, 84.069193, 85.042796 ] }, { "date": "2025-01-24", "close": 82.641418, "volume": 86000, "typical_volume": 242141.95, "trend": 86.135167, "fair_value": 76.379019, "relative_strength": -10.698544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.503094, "energy": 54.655451, "activity_lines": [ 82.421045, 82.8331, 83.841157, 84.796178 ] }, { "date": "2025-02-07", "close": 85.053658, "volume": 378756, "typical_volume": 233029.75, "trend": 85.886744, "fair_value": 76.476242, "relative_strength": -7.588223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.407663, "energy": 31.472274, "activity_lines": [ 83.254904, 83.157981, 83.870513, 84.726403 ] }, { "date": "2025-02-14", "close": 84.338921, "volume": 162782, "typical_volume": 219418.85, "trend": 85.685546, "fair_value": 76.574683, "relative_strength": -6.761588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.781241, "energy": 20.376458, "activity_lines": [ 83.725439, 83.348036, 83.839456, 84.626543 ] }, { "date": "2025-02-21", "close": 84.24958, "volume": 159144, "typical_volume": 215576.05, "trend": 85.552419, "fair_value": 76.650804, "relative_strength": -8.829046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.399867, "energy": 23.076128, "activity_lines": [ 84.070895, 83.51535, 83.816482, 84.533901 ] }, { "date": "2025-02-28", "close": 83.981552, "volume": 134457, "typical_volume": 211148.9, "trend": 85.467197, "fair_value": 76.71989, "relative_strength": -6.213897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.45393, "energy": 23.794136, "activity_lines": [ 84.178105, 83.63718, 83.783723, 84.432554 ] }, { "date": "2025-03-07", "close": 83.445503, "volume": 274180, "typical_volume": 212307.9, "trend": 85.349898, "fair_value": 76.805355, "relative_strength": -4.630391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.547109, "energy": 18.665013, "activity_lines": [ 83.975598, 83.659922, 83.710548, 84.302122 ] }, { "date": "2025-03-14", "close": 82.462738, "volume": 514156, "typical_volume": 223765.7, "trend": 85.143, "fair_value": 76.875821, "relative_strength": -3.018802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.338729, "energy": 30.540707, "activity_lines": [ 83.391896, 83.492609, 83.553136, 84.115854 ] }, { "date": "2025-03-21", "close": 82.552086, "volume": 580126, "typical_volume": 243372.0, "trend": 84.916667, "fair_value": 76.947573, "relative_strength": -3.810323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.920598, "energy": 40.07566, "activity_lines": [ 83.010705, 83.354535, 83.4204, 83.948698 ] }, { "date": "2025-03-28", "close": 81.301292, "volume": 374260, "typical_volume": 255935.0, "trend": 84.663531, "fair_value": 77.016174, "relative_strength": -2.466024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.745448, "energy": 67.5847, "activity_lines": [ 82.331705, 82.995543, 83.185133, 83.715448 ] }, { "date": "2025-04-04", "close": 80.675896, "volume": 370095, "typical_volume": 265289.75, "trend": 84.380614, "fair_value": 77.096338, "relative_strength": -1.703469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.821515, "energy": 75.633825, "activity_lines": [ 81.640792, 82.535837, 82.910299, 83.458182 ] }, { "date": "2025-04-11", "close": 74.064583, "volume": 1244224, "typical_volume": 305050.95, "trend": 83.901145, "fair_value": 77.124876, "relative_strength": -1.428985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.361434, "energy": 90.192476, "activity_lines": [ 78.966486, 80.89844, 82.030918, 82.792631 ] }, { "date": "2025-04-18", "close": 74.86866, "volume": 543458, "typical_volume": 321431.9, "trend": 83.50804, "fair_value": 77.161001, "relative_strength": 0.375943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.980334, "energy": 94.098018, "activity_lines": [ 77.185599, 79.563182, 81.281296, 82.20989 ] }, { "date": "2025-04-25", "close": 75.04734, "volume": 234228, "typical_volume": 314093.3, "trend": 83.082176, "fair_value": 77.210924, "relative_strength": -1.635405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.877576, "energy": 91.052219, "activity_lines": [ 75.970545, 78.445593, 80.595914, 81.664039 ] }, { "date": "2025-05-02", "close": 76.923531, "volume": 190229, "typical_volume": 313754.75, "trend": 82.727786, "fair_value": 77.269954, "relative_strength": -3.436002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.516578, "energy": 85.205072, "activity_lines": [ 75.881204, 77.838067, 80.131761, 81.266707 ] }, { "date": "2025-05-09", "close": 71.741684, "volume": 630143, "typical_volume": 333761.9, "trend": 82.245338, "fair_value": 77.30404, "relative_strength": -10.209668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.785412, "energy": 89.90621, "activity_lines": [ 74.356431, 76.421588, 79.209835, 80.557926 ] }, { "date": "2025-05-16", "close": 72.09906, "volume": 687084, "typical_volume": 359316.1, "trend": 81.801606, "fair_value": 77.342849, "relative_strength": -13.206031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.658175, "energy": 71.462942, "activity_lines": [ 73.546398, 75.29263, 78.379805, 79.903327 ] }, { "date": "2025-05-23", "close": 72.09906, "volume": 205700, "typical_volume": 360401.1, "trend": 81.342983, "fair_value": 77.381659, "relative_strength": -12.091408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.000864, "energy": 66.668114, "activity_lines": [ 72.8674, 74.36997, 77.600827, 79.277357 ] }, { "date": "2025-05-30", "close": 72.09906, "volume": 85118, "typical_volume": 359557.0, "trend": 80.878405, "fair_value": 77.412683, "relative_strength": -10.529079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.212499, "energy": 67.946791, "activity_lines": [ 72.373041, 73.635741, 76.874604, 78.680974 ] }, { "date": "2025-06-06", "close": 72.009712, "volume": 228316, "typical_volume": 360372.8, "trend": 80.428716, "fair_value": 77.441674, "relative_strength": -11.47077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.076351, "energy": 60.932058, "activity_lines": [ 72.045452, 73.075322, 76.19135, 78.108801 ] }, { "date": "2025-06-13", "close": 71.116295, "volume": 233079, "typical_volume": 365776.75, "trend": 79.934357, "fair_value": 77.461045, "relative_strength": -13.782015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.57023, "energy": 61.060116, "activity_lines": [ 71.747646, 72.521402, 75.470657, 77.507999 ] }, { "date": "2025-06-20", "close": 70.580238, "volume": 204340, "typical_volume": 371693.75, "trend": 79.445953, "fair_value": 77.481359, "relative_strength": -13.898345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.856091, "energy": 59.854573, "activity_lines": [ 71.312846, 72.043827, 74.750815, 76.904508 ] }, { "date": "2025-06-27", "close": 71.116295, "volume": 179112, "typical_volume": 361711.55, "trend": 78.990309, "fair_value": 77.509003, "relative_strength": -14.940923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.387257, "energy": 54.920219, "activity_lines": [ 71.157986, 71.727069, 74.13946, 76.36711 ] }, { "date": "2025-07-04", "close": 70.937614, "volume": 126000, "typical_volume": 359872.45, "trend": 78.555511, "fair_value": 77.537934, "relative_strength": -14.646261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.333305, "energy": 54.135032, "activity_lines": [ 71.009084, 71.446048, 73.577456, 75.847582 ] }, { "date": "2025-07-11", "close": 72.09906, "volume": 189084, "typical_volume": 361369.45, "trend": 78.144538, "fair_value": 77.58015, "relative_strength": -13.683529, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.703716, "energy": 55.11208, "activity_lines": [ 71.324761, 71.450922, 73.189882, 75.431037 ] }, { "date": "2025-07-18", "close": 72.813797, "volume": 192456, "typical_volume": 364269.4, "trend": 77.775257, "fair_value": 77.625975, "relative_strength": -14.887966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.785354, "energy": 42.243722, "activity_lines": [ 71.872726, 71.673465, 72.928237, 75.087118 ] }, { "date": "2025-07-25", "close": 72.456429, "volume": 260772, "typical_volume": 363599.0, "trend": 77.429801, "fair_value": 77.671942, "relative_strength": -14.898907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.373941, "energy": 35.273457, "activity_lines": [ 72.188402, 71.81154, 72.685738, 74.743968 ] }, { "date": "2025-08-01", "close": 72.691262, "volume": 440246, "typical_volume": 359903.5, "trend": 77.080261, "fair_value": 77.708708, "relative_strength": -14.512492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.480942, "energy": 25.670894, "activity_lines": [ 72.457277, 71.985814, 72.517932, 74.438255 ] }, { "date": "2025-08-08", "close": 73.642723, "volume": 182000, "typical_volume": 339997.2, "trend": 76.77137, "fair_value": 77.754007, "relative_strength": -15.080422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.756854, "energy": 23.209292, "activity_lines": [ 72.938307, 72.322313, 72.487273, 74.216479 ] }, { "date": "2025-08-15", "close": 74.689323, "volume": 199689, "typical_volume": 331268.65, "trend": 76.527147, "fair_value": 77.792875, "relative_strength": -14.498967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.191266, "energy": 15.838624, "activity_lines": [ 73.587863, 72.821037, 72.598715, 74.082153 ] }, { "date": "2025-08-22", "close": 76.401947, "volume": 209535, "typical_volume": 323240.65, "trend": 76.340011, "fair_value": 77.835406, "relative_strength": -10.063556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.284614, "energy": 26.435739, "activity_lines": [ 74.63561, 73.582427, 72.90475, 74.074076 ] }, { "date": "2025-08-29", "close": 76.497086, "volume": 285155, "typical_volume": 275287.2, "trend": 76.135199, "fair_value": 77.879063, "relative_strength": -11.284823, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.051635, "energy": 32.356122, "activity_lines": [ 75.47586, 74.265012, 73.240198, 74.08421 ] }, { "date": "2025-09-05", "close": 79.922333, "volume": 651248, "typical_volume": 280676.7, "trend": 75.964155, "fair_value": 77.943127, "relative_strength": -7.933118, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.875052, "energy": 70.94278, "activity_lines": [ 77.188481, 75.46279, 73.890276, 74.328541 ] }, { "date": "2025-09-12", "close": 85.631065, "volume": 2522463, "typical_volume": 395088.45, "trend": 76.007227, "fair_value": 78.029326, "relative_strength": -4.7566, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.498294, "energy": 83.579034, "activity_lines": [ 80.321942, 77.538409, 75.059978, 74.952212 ] }, { "date": "2025-09-19", "close": 86.582527, "volume": 4675599, "typical_volume": 619356.95, "trend": 76.084992, "fair_value": 78.121107, "relative_strength": -3.775487, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.980152, "energy": 84.871116, "activity_lines": [ 82.973334, 79.519868, 76.269897, 75.63449 ] }, { "date": "2025-09-26", "close": 84.20388, "volume": 964700, "typical_volume": 636084.8, "trend": 76.092403, "fair_value": 78.200223, "relative_strength": -6.081396, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.23735, "energy": 88.175722, "activity_lines": [ 84.038964, 80.80551, 77.207283, 76.158289 ] }, { "date": "2025-10-03", "close": 83.252426, "volume": 446672, "typical_volume": 624064.2, "trend": 76.085967, "fair_value": 78.27324, "relative_strength": -10.884966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.346878, "energy": 81.42503, "activity_lines": [ 84.267313, 81.711068, 77.99471, 76.620226 ] }, { "date": "2025-10-10", "close": 82.11068, "volume": 287300, "typical_volume": 628144.2, "trend": 76.074231, "fair_value": 78.353398, "relative_strength": -13.439085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.431204, "energy": 59.209982, "activity_lines": [ 83.664724, 82.212745, 78.620289, 77.008917 ] }, { "date": "2025-10-17", "close": 80.968933, "volume": 494516, "typical_volume": 648614.1, "trend": 76.02146, "fair_value": 78.423655, "relative_strength": -14.281719, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.685878, "energy": 45.575807, "activity_lines": [ 82.535663, 82.335569, 79.089455, 77.324704 ] }, { "date": "2025-10-24", "close": 80.302917, "volume": 320444, "typical_volume": 653220.5, "trend": 75.988181, "fair_value": 78.512365, "relative_strength": -15.349018, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.576588, "energy": 31.241262, "activity_lines": [ 81.495406, 82.204096, 79.452954, 77.600927 ] }, { "date": "2025-10-31", "close": 79.636887, "volume": 457906, "typical_volume": 664461.85, "trend": 75.953547, "fair_value": 78.61798, "relative_strength": -17.738939, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.502287, "energy": 23.642234, "activity_lines": [ 80.651779, 81.849461, 79.713529, 77.836328 ] }, { "date": "2025-11-07", "close": 78.590286, "volume": 381105, "typical_volume": 673300.1, "trend": 76.104404, "fair_value": 78.717918, "relative_strength": -16.685822, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.408794, "energy": 23.807809, "activity_lines": [ 79.763752, 81.245718, 79.833855, 78.00644 ] }, { "date": "2025-11-14", "close": 78.209709, "volume": 399100, "typical_volume": 684299.5, "trend": 76.215772, "fair_value": 78.801989, "relative_strength": -15.944507, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.241724, "energy": 22.093486, "activity_lines": [ 79.059674, 80.534721, 79.879791, 78.142266 ] }, { "date": "2025-11-21", "close": 76.87767, "volume": 363007, "typical_volume": 696149.85, "trend": 76.276783, "fair_value": 78.882686, "relative_strength": -13.958563, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.692956, "energy": 14.45706, "activity_lines": [ 78.171649, 79.612673, 79.765089, 78.184969 ] }, { "date": "2025-11-28", "close": 77.258247, "volume": 184039, "typical_volume": 695897.6, "trend": 76.28794, "fair_value": 78.964274, "relative_strength": -16.833666, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.562566, "energy": 16.597404, "activity_lines": [ 77.683233, 78.918974, 79.658346, 78.24829 ] }, { "date": "2025-12-05", "close": 78.495148, "volume": 200038, "typical_volume": 696276.7, "trend": 76.513056, "fair_value": 79.050691, "relative_strength": -16.108482, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.452503, "energy": 15.457892, "activity_lines": [ 77.810096, 78.619699, 79.644836, 78.39069 ] }, { "date": "2025-12-12", "close": 77.258247, "volume": 188055, "typical_volume": 692640.85, "trend": 76.685029, "fair_value": 79.126082, "relative_strength": -17.639766, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.931399, "energy": 15.011033, "activity_lines": [ 77.600774, 78.199327, 79.486471, 78.438767 ] }, { "date": "2025-12-19", "close": 77.924271, "volume": 240711, "typical_volume": 682664.1, "trend": 76.879202, "fair_value": 79.204192, "relative_strength": -15.016982, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.034061, "energy": 22.581769, "activity_lines": [ 77.702263, 78.009036, 79.368672, 78.518718 ] }, { "date": "2025-12-26", "close": 77.924271, "volume": 188041, "typical_volume": 682966.15, "trend": 77.073376, "fair_value": 79.284368, "relative_strength": -17.117813, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.343971, "energy": 12.932827, "activity_lines": [ 77.822782, 77.894861, 79.225953, 78.586142 ] }, { "date": "2026-01-02", "close": 77.638832, "volume": 151305, "typical_volume": 680546.95, "trend": 77.261013, "fair_value": 79.36478, "relative_strength": -19.216811, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.140094, "energy": 12.493249, "activity_lines": [ 77.77838, 77.784146, 79.035662, 78.622623 ] }, { "date": "2026-01-09", "close": 77.163109, "volume": 196605, "typical_volume": 679900.45, "trend": 77.462574, "fair_value": 79.443176, "relative_strength": -21.708525, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.152744, "energy": 8.697481, "activity_lines": [ 77.550032, 77.635374, 78.786018, 78.616307 ] }, { "date": "2026-01-16", "close": 77.733978, "volume": 242509, "typical_volume": 677768.15, "trend": 77.701032, "fair_value": 79.526263, "relative_strength": -23.448338, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.50405, "energy": 16.207758, "activity_lines": [ 77.600776, 77.635374, 78.587118, 78.633816 ] }, { "date": "2026-01-23", "close": 78.685432, "volume": 346716, "typical_volume": 662541.55, "trend": 77.953336, "fair_value": 79.614417, "relative_strength": -23.358699, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.316698, "energy": 8.982669, "activity_lines": [ 77.936956, 77.823934, 78.472943, 78.697326 ] }, { "date": "2026-01-30", "close": 77.733978, "volume": 181097, "typical_volume": 545473.25, "trend": 78.179882, "fair_value": 79.691308, "relative_strength": -24.031809, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.238289, "energy": 9.560515, "activity_lines": [ 77.90524, 77.830854, 78.274043, 78.683174 ] }, { "date": "2026-02-06", "close": 76.87767, "volume": 135888, "typical_volume": 318487.7, "trend": 78.339169, "fair_value": 79.762193, "relative_strength": -23.650958, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.946325, "energy": 17.506299, "activity_lines": [ 77.600775, 77.666512, 78.031196, 78.59916 ] }, { "date": "2026-02-13", "close": 78.019417, "volume": 117182, "typical_volume": 276111.8, "trend": 78.512689, "fair_value": 79.838847, "relative_strength": -26.127367, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.928444, "energy": 9.510815, "activity_lines": [ 77.727636, 77.71668, 77.943299, 78.578531 ] }, { "date": "2026-02-27", "close": 78.590286, "volume": 152140, "typical_volume": 261385.2, "trend": 78.717151, "fair_value": 79.911932, "relative_strength": -28.807559, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.681, "energy": 17.312826, "activity_lines": [ 77.9877, 77.879292, 77.939221, 78.583537 ] }, { "date": "2026-03-06", "close": 77.733978, "volume": 460324, "typical_volume": 270036.4, "trend": 78.885242, "fair_value": 79.979526, "relative_strength": -25.165791, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.29588, "energy": 17.549157, "activity_lines": [ 77.90524, 77.861992, 77.875791, 78.520107 ] }, { "date": "2026-03-13", "close": 75.926216, "volume": 450012, "typical_volume": 267811.2, "trend": 78.961358, "fair_value": 80.022622, "relative_strength": -25.813482, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.131539, "energy": 33.525587, "activity_lines": [ 77.283624, 77.519469, 77.661034, 78.329202 ] }, { "date": "2026-03-20", "close": 76.687378, "volume": 244331, "typical_volume": 264005.55, "trend": 79.02796, "fair_value": 80.074213, "relative_strength": -24.696865, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.059218, "energy": 38.044126, "activity_lines": [ 77.036245, 77.351667, 77.542782, 78.182494 ] }, { "date": "2026-03-27", "close": 75.735924, "volume": 172006, "typical_volume": 249710.55, "trend": 79.005759, "fair_value": 80.103695, "relative_strength": -23.973936, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.882823, "energy": 57.024444, "activity_lines": [ 76.484401, 77.028172, 77.351131, 77.970104 ] }, { "date": "2026-04-03", "close": 76.497086, "volume": 130058, "typical_volume": 237158.2, "trend": 79.005759, "fair_value": 80.12153, "relative_strength": -21.223932, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.724675, "energy": 55.100721, "activity_lines": [ 76.338511, 76.86902, 77.250549, 77.808254 ] }, { "date": "2026-04-10", "close": 75.926216, "volume": 158041, "typical_volume": 225105.25, "trend": 78.872555, "fair_value": 80.139838, "relative_strength": -27.322484, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.676272, "energy": 49.746676, "activity_lines": [ 76.141878, 76.628561, 77.105566, 77.609574 ] }, { "date": "2026-04-17", "close": 76.116501, "volume": 280235, "typical_volume": 220966.65, "trend": 78.555403, "fair_value": 80.156266, "relative_strength": -29.087891, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.081775, "energy": 40.426039, "activity_lines": [ 76.12919, 76.472868, 76.989578, 77.431764 ] }, { "date": "2026-04-24", "close": 76.401947, "volume": 298136, "typical_volume": 226671.5, "trend": 78.216051, "fair_value": 80.155934, "relative_strength": -31.859902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.181387, "energy": 31.368541, "activity_lines": [ 76.198966, 76.398482, 76.904401, 77.292831 ] }, { "date": "2026-05-01", "close": 75.735924, "volume": 203062, "typical_volume": 226822.7, "trend": 77.933785, "fair_value": 80.155463, "relative_strength": -31.607805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.12427, "energy": 32.413265, "activity_lines": [ 76.065762, 76.211651, 76.75987, 77.132823 ] }, { "date": "2026-05-08", "close": 78.114563, "volume": 493390, "typical_volume": 242089.45, "trend": 77.762523, "fair_value": 80.158362, "relative_strength": -33.175789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.715994, "energy": 11.591475, "activity_lines": [ 76.725438, 76.498818, 76.855016, 77.144486 ] }, { "date": "2026-05-15", "close": 77.638832, "volume": 395106, "typical_volume": 249809.2, "trend": 77.613462, "fair_value": 80.162859, "relative_strength": -32.169535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.186398, "energy": 12.484795, "activity_lines": [ 77.118705, 76.708138, 76.900776, 77.136506 ] }, { "date": "2026-05-22", "close": 78.304855, "volume": 222250, "typical_volume": 251519.65, "trend": 77.524659, "fair_value": 80.174725, "relative_strength": -32.686647, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.149588, "energy": 14.439629, "activity_lines": [ 77.619806, 77.040283, 77.011327, 77.181112 ] }, { "date": "2026-05-29", "close": 78.495148, "volume": 433099, "typical_volume": 265609.35, "trend": 77.4644, "fair_value": 80.192458, "relative_strength": -35.531784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.542605, "energy": 21.5631, "activity_lines": [ 78.038447, 77.363778, 77.138188, 77.243724 ] }, { "date": "2026-06-05", "close": 78.495148, "volume": 502316, "typical_volume": 280894.9, "trend": 77.426342, "fair_value": 80.219486, "relative_strength": -35.267092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.331586, "energy": 29.766577, "activity_lines": [ 78.317542, 77.654405, 77.260971, 77.310224 ] }, { "date": "2026-06-12", "close": 77.163109, "volume": 235418, "typical_volume": 280540.35, "trend": 77.37877, "fair_value": 80.231263, "relative_strength": -34.325715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.692726, "energy": 21.559433, "activity_lines": [ 77.968675, 77.652676, 77.250551, 77.293241 ] }, { "date": "2026-06-19", "close": 78.495148, "volume": 165000, "typical_volume": 271454.55, "trend": 77.388284, "fair_value": 80.240733, "relative_strength": -35.781946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.006306, "energy": 22.869387, "activity_lines": [ 78.127251, 77.881025, 77.36971, 77.365266 ] }, { "date": "2026-06-26", "close": 76.401947, "volume": 350469, "typical_volume": 279923.15, "trend": 77.372427, "fair_value": 80.232137, "relative_strength": -34.122836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.973099, "energy": 6.116172, "activity_lines": [ 77.531007, 77.682085, 77.290422, 77.301631 ] }, { "date": "2026-07-03", "close": 78.400002, "volume": 236034, "typical_volume": 284930.45, "trend": 77.410485, "fair_value": 80.230669, "relative_strength": -34.882725, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.063914, "energy": 6.288751, "activity_lines": [ 77.727641, 77.841238, 77.407768, 77.367926 ] }, { "date": "2026-07-10", "close": 77.448547, "volume": 129380, "typical_volume": 285540.35, "trend": 77.375599, "fair_value": 80.215355, "relative_strength": -32.929527, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.71442, "energy": 3.003281, "activity_lines": [ 77.613466, 77.791071, 77.427251, 77.370382 ] }, { "date": "2026-07-17", "close": 76.972816, "volume": 204047, "typical_volume": 288135.7, "trend": 77.366084, "fair_value": 80.20732, "relative_strength": -28.411562, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.468819, "energy": 5.982802, "activity_lines": [ 77.410488, 77.623268, 77.404144, 77.344396 ] }, { "date": "2026-07-24", "close": 77.258247, "volume": 128119, "typical_volume": 271525.45, "trend": 77.343883, "fair_value": 80.196467, "relative_strength": -29.037009, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.892712, "energy": 2.119392, "activity_lines": [ 77.315339, 77.528121, 77.415923, 77.337439 ] }, { "date": "2026-07-31", "close": 77.258247, "volume": 246336, "typical_volume": 261341.65, "trend": 77.321683, "fair_value": 80.189229, "relative_strength": -27.423585, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.235482, "energy": 4.234529, "activity_lines": [ 77.302651, 77.439894, 77.429968, 77.331914 ] }, { "date": "2026-08-07", "close": 76.782524, "volume": 154364, "typical_volume": 256843.3, "trend": 77.293139, "fair_value": 80.172228, "relative_strength": -28.918318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.194581, "energy": 8.57619, "activity_lines": [ 77.074302, 77.284201, 77.392363, 77.297129 ] }, { "date": "2026-08-14", "close": 78.5, "volume": 505854, "typical_volume": 273535.7, "trend": 77.337702, "fair_value": 80.163655, "relative_strength": -29.087908, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.03019, "energy": 12.456733, "activity_lines": [ 77.526276, 77.471915, 77.517874, 77.374991 ] } ], "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." } } }