{ "ticker": { "uuid": "a64d1258-634e-4af3-9ff6-cdd7820c0b79", "symbol": "4747", "name": "Johnson Chemical Pharmaceutical Works 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 79.656, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -19.042, "architecture_energy": 11.263, "architecture_maturity": 52.462, "architecture_confidence": 78.127, "architecture_tenure": "Developing", "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": 47.03, "rotation_up": 27.17, "upward_expansion": 15.41, "deceleration": 43.78, "rotation_down": 25.65, "downward_expansion": 60.74 }, "activity_lines": [ 50.926666, 50.250065, 51.348508, 52.056096 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 54.5, "trend_reference": 53.177799, "distance_from_trend": 0.024864, "trend_direction": "Weakening", "fair_value": 67.054207, "distance_from_fair_value": -0.187225, "fair_value_direction": "Weakening", "relative_strength": -34.29566, "relative_strength_direction": "Improving", "price_momentum": -0.018266, "excess_performance": -0.459639, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024864, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.057542, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.187225, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.003646, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.342957, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.033087, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.018266, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.996719, "read": "Supply-led" } ], "volume": { "latest": 455010, "relative_activity": 2.266455, "balance": 0.996719, "dry_up": 1.392579, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.070187, "annualized_volatility": 0.255756, "from_high_reference": -0.307658, "from_low_reference": 0.208426 }, "levels": { "trend_reference": 53.177799, "fair_value_reference": 67.054207, "structural_low": 45.099998, "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": 28, "median_return": -0.008563, "positive_rate": 0.464286, "directional_follow_through": 0.535714, "median_excess_return": -0.024174, "regime_survival": 0.785714, "best_return": 0.725, "worst_return": -0.121726, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.02402, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.128088, "regime_survival": 0.636364, "best_return": 0.616013, "worst_return": -0.169746, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.048843, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.194898, "regime_survival": 0.5, "best_return": 0.386898, "worst_return": -0.157044, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.163373, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.475092, "regime_survival": 0.0, "best_return": 0.33001, "worst_return": -0.172577, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-06-28", "tenure": "Established", "return": 0.029242, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-11-01", "tenure": "Established", "return": 0.073034, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2024-11-29", "tenure": "New", "return": -0.074568, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-02-21", "tenure": "Developing", "return": 0.002878, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.188586, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-04-25", "tenure": "New", "return": -0.005857, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-05-30", "tenure": "Developing", "return": -0.105479, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-09-19", "tenure": "Established", "return": 0.175298, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-26", "end": "2025-10-24", "tenure": "Developing", "return": -0.040446, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-28", "tenure": "Developing", "return": -0.091045, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": -0.014754, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-05-22", "tenure": "Established", "return": -0.053333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.131579, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-14", "tenure": "Developing", "return": 0.10885, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 95.13829, "volume": 5794000, "typical_volume": 7247068.7, "trend": 62.368337, "fair_value": 34.595237, "relative_strength": 86.888389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.393814, "energy": 50.956, "activity_lines": [ 96.444109, 97.516235, 83.85601, 73.990149 ] }, { "date": "2023-08-18", "close": 92.153564, "volume": 2398000, "typical_volume": 7284506.85, "trend": 64.167185, "fair_value": 34.999454, "relative_strength": 79.042143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.002398, "energy": 42.027159, "activity_lines": [ 94.454291, 97.024098, 85.823349, 75.911777 ] }, { "date": "2023-08-25", "close": 86.743736, "volume": 1494000, "typical_volume": 7337529.6, "trend": 65.759615, "fair_value": 35.368992, "relative_strength": 63.936855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.576196, "energy": 31.347155, "activity_lines": [ 91.450906, 95.167121, 87.040264, 77.368329 ] }, { "date": "2023-09-01", "close": 90.194824, "volume": 1133000, "typical_volume": 6985510.55, "trend": 67.408035, "fair_value": 35.761132, "relative_strength": 65.190447, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.727888, "energy": 27.701855, "activity_lines": [ 90.530611, 93.864692, 88.37798, 78.944794 ] }, { "date": "2023-09-08", "close": 95.13829, "volume": 2347000, "typical_volume": 6328601.1, "trend": 69.07156, "fair_value": 36.186162, "relative_strength": 71.073751, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.244988, "energy": 28.591308, "activity_lines": [ 91.743158, 93.525518, 89.981027, 80.733842 ] }, { "date": "2023-09-15", "close": 92.06028, "volume": 1496000, "typical_volume": 6240849.2, "trend": 70.59129, "fair_value": 36.589781, "relative_strength": 58.902325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.852368, "energy": 26.581251, "activity_lines": [ 91.805338, 92.821731, 91.051715, 82.216986 ] }, { "date": "2023-09-22", "close": 91.314102, "volume": 2069000, "typical_volume": 5793597.05, "trend": 72.113611, "fair_value": 36.993657, "relative_strength": 59.826377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.610137, "energy": 29.638702, "activity_lines": [ 91.823992, 92.207825, 91.839335, 83.553941 ] }, { "date": "2023-09-29", "close": 88.795738, "volume": 904000, "typical_volume": 5616177.6, "trend": 73.409175, "fair_value": 37.38307, "relative_strength": 52.373686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.676463, "energy": 25.444659, "activity_lines": [ 91.059156, 91.366674, 92.193568, 84.630207 ] }, { "date": "2023-10-06", "close": 87.956284, "volume": 729000, "typical_volume": 5550915.45, "trend": 74.772881, "fair_value": 37.764942, "relative_strength": 46.747935, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.624418, "energy": 18.59117, "activity_lines": [ 89.877702, 90.589967, 92.266295, 85.568731 ] }, { "date": "2023-10-13", "close": 86.743736, "volume": 271000, "typical_volume": 5421108.7, "trend": 76.197783, "fair_value": 38.144081, "relative_strength": 40.034883, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.444561, "energy": 14.961368, "activity_lines": [ 88.441301, 89.765774, 92.032257, 86.341044 ] }, { "date": "2023-10-20", "close": 79.561729, "volume": 1121000, "typical_volume": 4951277.85, "trend": 77.353075, "fair_value": 38.471662, "relative_strength": 29.159665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.375235, "energy": 21.171654, "activity_lines": [ 85.170535, 87.754473, 90.93577, 86.558073 ] }, { "date": "2023-10-27", "close": 85.437912, "volume": 931000, "typical_volume": 4521700.0, "trend": 78.775645, "fair_value": 38.83955, "relative_strength": 38.947412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.563121, "energy": 19.775617, "activity_lines": [ 84.691733, 87.094779, 90.314308, 87.079675 ] }, { "date": "2023-11-03", "close": 83.945549, "volume": 1554000, "typical_volume": 4302250.0, "trend": 80.137485, "fair_value": 39.198833, "relative_strength": 31.371118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.627103, "energy": 20.018643, "activity_lines": [ 84.107222, 86.28585, 89.482847, 87.413217 ] }, { "date": "2023-11-10", "close": 84.318642, "volume": 1209000, "typical_volume": 3870500.0, "trend": 81.379935, "fair_value": 39.561227, "relative_strength": 28.582331, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.19598, "energy": 20.715955, "activity_lines": [ 83.970422, 85.595631, 88.681145, 87.682969 ] }, { "date": "2023-11-17", "close": 81.893547, "volume": 616000, "typical_volume": 3034000.0, "trend": 82.612955, "fair_value": 39.909276, "relative_strength": 19.36453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.054447, "energy": 21.415579, "activity_lines": [ 83.267767, 84.571326, 87.693341, 87.716105 ] }, { "date": "2023-11-24", "close": 80.774269, "volume": 535000, "typical_volume": 2682150.0, "trend": 83.720782, "fair_value": 40.249429, "relative_strength": 15.611434, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.748402, "energy": 39.672424, "activity_lines": [ 82.515365, 83.584329, 86.713087, 87.597481 ] }, { "date": "2023-12-01", "close": 81.520462, "volume": 2449000, "typical_volume": 2448050.0, "trend": 84.74912, "fair_value": 40.594607, "relative_strength": 14.100114, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.868531, "energy": 40.411692, "activity_lines": [ 81.930857, 82.938204, 85.916716, 87.455525 ] }, { "date": "2023-12-08", "close": 80.774269, "volume": 758000, "typical_volume": 1861350.0, "trend": 85.892649, "fair_value": 40.93308, "relative_strength": 11.899529, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.170937, "energy": 48.81087, "activity_lines": [ 81.358782, 82.334473, 85.15632, 87.199083 ] }, { "date": "2023-12-15", "close": 80.774269, "volume": 1238000, "typical_volume": 1718350.0, "trend": 86.992237, "fair_value": 41.271794, "relative_strength": 8.688716, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.056707, "energy": 58.340947, "activity_lines": [ 80.998126, 81.876587, 84.490973, 86.868864 ] }, { "date": "2023-12-22", "close": 78.069359, "volume": 689000, "typical_volume": 1486750.0, "trend": 87.952226, "fair_value": 41.594608, "relative_strength": 4.60712, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.264232, "energy": 61.965232, "activity_lines": [ 79.972125, 81.057482, 83.64752, 86.293195 ] }, { "date": "2023-12-29", "close": 78.069359, "volume": 528000, "typical_volume": 1223450.0, "trend": 88.494769, "fair_value": 41.917903, "relative_strength": 2.117095, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.850562, "energy": 64.169029, "activity_lines": [ 79.201069, 80.396093, 82.876464, 85.655591 ] }, { "date": "2024-01-05", "close": 78.908813, "volume": 401000, "typical_volume": 1123600.0, "trend": 88.752209, "fair_value": 42.246579, "relative_strength": 4.921024, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.231227, "energy": 54.865401, "activity_lines": [ 78.890159, 79.914465, 82.266637, 85.037142 ] }, { "date": "2024-01-12", "close": 81.240631, "volume": 1534000, "typical_volume": 1125600.0, "trend": 88.702464, "fair_value": 42.588042, "relative_strength": 7.181723, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.253819, "energy": 41.004695, "activity_lines": [ 79.530631, 79.975516, 81.941959, 84.552524 ] }, { "date": "2024-01-19", "close": 81.80027, "volume": 4636104, "typical_volume": 1300755.2, "trend": 88.304499, "fair_value": 42.933813, "relative_strength": 5.925506, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.597641, "energy": 30.495803, "activity_lines": [ 80.326559, 80.187499, 81.696784, 84.107221 ] }, { "date": "2024-01-26", "close": 82.266632, "volume": 1783000, "typical_volume": 1272555.2, "trend": 87.517898, "fair_value": 43.284013, "relative_strength": 3.776972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.511396, "energy": 21.801772, "activity_lines": [ 81.209541, 80.530064, 81.535999, 83.717681 ] }, { "date": "2024-02-02", "close": 81.427185, "volume": 806000, "typical_volume": 1238055.2, "trend": 86.749952, "fair_value": 43.629312, "relative_strength": 1.508081, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.709334, "energy": 18.530296, "activity_lines": [ 81.532889, 80.713219, 81.35656, 83.324732 ] }, { "date": "2024-02-09", "close": 79.468452, "volume": 226000, "typical_volume": 1145905.2, "trend": 85.93226, "fair_value": 43.964696, "relative_strength": -1.765043, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.451321, "energy": 20.46869, "activity_lines": [ 80.979471, 80.528369, 81.041209, 82.854958 ] }, { "date": "2024-02-16", "close": 80.867546, "volume": 1380000, "typical_volume": 1169705.2, "trend": 85.270023, "fair_value": 44.307848, "relative_strength": -3.340687, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.043843, "energy": 18.929168, "activity_lines": [ 80.855108, 80.63521, 80.915513, 82.528202 ] }, { "date": "2024-02-23", "close": 81.893547, "volume": 1955000, "typical_volume": 1231005.2, "trend": 84.750804, "fair_value": 44.657097, "relative_strength": -4.145804, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.605235, "energy": 14.577234, "activity_lines": [ 81.097618, 80.9269, 80.925284, 82.310365 ] }, { "date": "2024-03-01", "close": 78.162636, "volume": 1378000, "typical_volume": 1286355.2, "trend": 84.247131, "fair_value": 44.97979, "relative_strength": -9.097576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.828264, "energy": 31.562825, "activity_lines": [ 80.090273, 80.519892, 80.608601, 81.885322 ] }, { "date": "2024-03-08", "close": 75.550995, "volume": 1750000, "typical_volume": 1317805.2, "trend": 83.594221, "fair_value": 45.286701, "relative_strength": -16.186847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.230284, "energy": 44.347772, "activity_lines": [ 78.48598, 79.636344, 80.084053, 81.324281 ] }, { "date": "2024-03-15", "close": 67.063171, "volume": 2279000, "typical_volume": 1385205.2, "trend": 82.757874, "fair_value": 45.535843, "relative_strength": -25.390635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.883639, "energy": 80.379458, "activity_lines": [ 74.444159, 77.255344, 78.770239, 80.257761 ] }, { "date": "2024-03-22", "close": 67.71608, "volume": 907000, "typical_volume": 1352855.2, "trend": 82.123619, "fair_value": 45.78893, "relative_strength": -26.859471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.506939, "energy": 88.372649, "activity_lines": [ 71.446993, 75.20843, 77.606106, 79.287323 ] }, { "date": "2024-03-29", "close": 67.436256, "volume": 528000, "typical_volume": 1318805.2, "trend": 81.365, "fair_value": 46.040223, "relative_strength": -27.589763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.475212, "energy": 90.070601, "activity_lines": [ 69.233316, 73.35654, 76.492605, 78.339751 ] }, { "date": "2024-04-05", "close": 64.264984, "volume": 1282000, "typical_volume": 1352105.2, "trend": 80.33589, "fair_value": 46.270707, "relative_strength": -31.267785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.413487, "energy": 93.419659, "activity_lines": [ 66.926368, 71.189219, 75.157472, 77.236524 ] }, { "date": "2024-04-12", "close": 62.772625, "volume": 1610000, "typical_volume": 1405855.2, "trend": 79.359635, "fair_value": 46.489945, "relative_strength": -34.175897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.888119, "energy": 92.57462, "activity_lines": [ 65.048477, 69.077863, 73.764154, 76.103411 ] }, { "date": "2024-04-19", "close": 60.813885, "volume": 1155000, "typical_volume": 1341155.2, "trend": 78.342961, "fair_value": 46.696387, "relative_strength": -32.347026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.175208, "energy": 92.32931, "activity_lines": [ 63.369565, 66.949545, 72.270012, 74.906911 ] }, { "date": "2024-04-26", "close": 69.208435, "volume": 1527000, "typical_volume": 1379605.2, "trend": 77.690051, "fair_value": 46.95688, "relative_strength": -25.400039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.629081, "energy": 63.313235, "activity_lines": [ 64.905454, 66.686684, 71.673954, 74.317586 ] }, { "date": "2024-05-03", "close": 71.353722, "volume": 1447000, "typical_volume": 1390055.2, "trend": 77.136632, "fair_value": 47.231844, "relative_strength": -23.966054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.575507, "energy": 46.945952, "activity_lines": [ 67.056949, 67.025859, 71.337284, 73.908791 ] }, { "date": "2024-05-10", "close": 67.063171, "volume": 621000, "typical_volume": 1386655.2, "trend": 76.480613, "fair_value": 47.478826, "relative_strength": -29.914557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.137622, "energy": 36.91581, "activity_lines": [ 67.517096, 66.776566, 70.63685, 73.25889 ] }, { "date": "2024-05-17", "close": 67.156441, "volume": 353000, "typical_volume": 1377905.2, "trend": 76.067104, "fair_value": 47.730486, "relative_strength": -31.68983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.874872, "energy": 25.305277, "activity_lines": [ 67.821787, 66.746041, 69.997709, 72.657331 ] }, { "date": "2024-05-24", "close": 65.664078, "volume": 1152000, "typical_volume": 1415455.2, "trend": 75.407976, "fair_value": 47.975219, "relative_strength": -34.174626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.800973, "energy": 28.691748, "activity_lines": [ 67.33677, 66.596805, 69.268405, 71.986168 ] }, { "date": "2024-05-31", "close": 65.384254, "volume": 499000, "typical_volume": 1363705.2, "trend": 74.789266, "fair_value": 48.215519, "relative_strength": -33.074499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.609348, "energy": 35.832692, "activity_lines": [ 66.435131, 66.422129, 68.57552, 71.339476 ] }, { "date": "2024-06-07", "close": 66.03717, "volume": 327000, "typical_volume": 1148250.0, "trend": 74.179884, "fair_value": 48.453763, "relative_strength": -34.194257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.833831, "energy": 38.733101, "activity_lines": [ 66.006077, 66.408563, 68.020325, 70.774825 ] }, { "date": "2024-06-14", "close": 68.089172, "volume": 681000, "typical_volume": 1093150.0, "trend": 73.719738, "fair_value": 48.705929, "relative_strength": -33.608734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.185094, "energy": 36.17338, "activity_lines": [ 66.61546, 66.793526, 67.735621, 70.381875 ] }, { "date": "2024-06-21", "close": 67.881767, "volume": 1563000, "typical_volume": 1131000.0, "trend": 73.289988, "fair_value": 48.956261, "relative_strength": -35.25072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.14141, "energy": 25.874073, "activity_lines": [ 67.087308, 67.071248, 67.498676, 70.005232 ] }, { "date": "2024-06-28", "close": 69.024239, "volume": 839000, "typical_volume": 1161650.0, "trend": 72.873447, "fair_value": 49.213664, "relative_strength": -32.591026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.556109, "energy": 13.686839, "activity_lines": [ 67.891625, 67.463799, 67.43504, 69.730023 ] }, { "date": "2024-07-05", "close": 67.78656, "volume": 309000, "typical_volume": 1108100.0, "trend": 72.440523, "fair_value": 49.464395, "relative_strength": -34.309644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.914132, "energy": 13.573154, "activity_lines": [ 68.059371, 67.482038, 67.303264, 69.401836 ] }, { "date": "2024-07-12", "close": 65.311211, "volume": 905000, "typical_volume": 1055600.0, "trend": 71.925088, "fair_value": 49.699511, "relative_strength": -36.749469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.420479, "energy": 18.135993, "activity_lines": [ 67.241848, 67.076066, 66.998031, 68.941881 ] }, { "date": "2024-07-19", "close": 66.16806, "volume": 430000, "typical_volume": 1008200.0, "trend": 71.528378, "fair_value": 49.94113, "relative_strength": -32.069784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.112737, "energy": 22.24618, "activity_lines": [ 66.758338, 66.935748, 66.853366, 68.570459 ] }, { "date": "2024-07-26", "close": 65.977654, "volume": 182000, "typical_volume": 929800.0, "trend": 71.125321, "fair_value": 50.181275, "relative_strength": -29.119186, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.207229, "energy": 28.313638, "activity_lines": [ 66.339433, 66.777086, 66.747684, 68.212348 ] }, { "date": "2024-08-02", "close": 65.501625, "volume": 291000, "typical_volume": 830400.0, "trend": 70.678415, "fair_value": 50.419379, "relative_strength": -27.231121, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.435492, "energy": 38.064248, "activity_lines": [ 65.888794, 66.553306, 66.642253, 67.849529 ] }, { "date": "2024-08-09", "close": 65.882446, "volume": 556000, "typical_volume": 812850.0, "trend": 70.166476, "fair_value": 50.659167, "relative_strength": -25.31246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.65196, "energy": 29.617204, "activity_lines": [ 65.799935, 66.40172, 66.580527, 67.540112 ] }, { "date": "2024-08-16", "close": 67.596153, "volume": 167000, "typical_volume": 794800.0, "trend": 69.693005, "fair_value": 50.910697, "relative_strength": -25.480968, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.327539, "energy": 21.867155, "activity_lines": [ 66.409253, 66.552658, 66.690743, 67.374284 ] }, { "date": "2024-08-23", "close": 67.596153, "volume": 168000, "typical_volume": 739100.0, "trend": 69.203989, "fair_value": 51.162228, "relative_strength": -24.041425, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.601203, "energy": 12.385607, "activity_lines": [ 66.866241, 66.675252, 66.800197, 67.239004 ] }, { "date": "2024-08-30", "close": 66.644089, "volume": 137000, "typical_volume": 665450.0, "trend": 68.711219, "fair_value": 51.40816, "relative_strength": -24.605539, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.394134, "energy": 12.005594, "activity_lines": [ 66.910669, 66.633707, 66.803116, 67.073849 ] }, { "date": "2024-09-06", "close": 63.978329, "volume": 97000, "typical_volume": 612550.0, "trend": 68.194882, "fair_value": 51.636752, "relative_strength": -23.79186, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.533513, "energy": 23.222241, "activity_lines": [ 66.022081, 66.129981, 66.533718, 66.768501 ] }, { "date": "2024-09-13", "close": 66.453682, "volume": 170000, "typical_volume": 544700.0, "trend": 67.71442, "fair_value": 51.879697, "relative_strength": -21.099031, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.945356, "energy": 18.984867, "activity_lines": [ 66.060163, 66.168064, 66.484998, 66.656166 ] }, { "date": "2024-09-20", "close": 66.644089, "volume": 151000, "typical_volume": 479900.0, "trend": 67.206104, "fair_value": 52.126134, "relative_strength": -21.291801, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.255272, "energy": 19.447264, "activity_lines": [ 66.123633, 66.265, 66.467531, 66.587112 ] }, { "date": "2024-09-27", "close": 64.739975, "volume": 189000, "typical_volume": 458300.0, "trend": 66.758682, "fair_value": 52.360618, "relative_strength": -24.781343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.591844, "energy": 32.347934, "activity_lines": [ 65.615868, 65.991499, 66.291146, 66.428007 ] }, { "date": "2024-10-04", "close": 64.263947, "volume": 88000, "typical_volume": 445050.0, "trend": 66.382447, "fair_value": 52.59205, "relative_strength": -22.629579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.838548, "energy": 33.358532, "activity_lines": [ 65.13984, 65.657413, 66.080487, 66.267056 ] }, { "date": "2024-10-11", "close": 66.072853, "volume": 208000, "typical_volume": 397850.0, "trend": 66.349437, "fair_value": 52.834069, "relative_strength": -21.607724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.946601, "energy": 28.358366, "activity_lines": [ 65.425456, 65.683378, 66.05588, 66.247082 ] }, { "date": "2024-10-18", "close": 66.16806, "volume": 147000, "typical_volume": 380250.0, "trend": 66.297836, "fair_value": 53.072657, "relative_strength": -22.634746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.000308, "energy": 26.102214, "activity_lines": [ 65.603173, 65.716267, 66.038393, 66.235381 ] }, { "date": "2024-10-25", "close": 69.690674, "volume": 492000, "typical_volume": 388500.0, "trend": 66.372983, "fair_value": 53.339634, "relative_strength": -17.01901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.329219, "energy": 18.010424, "activity_lines": [ 66.974136, 66.384438, 66.352661, 66.454273 ] }, { "date": "2024-11-01", "close": 72.737267, "volume": 2118000, "typical_volume": 460350.0, "trend": 66.655393, "fair_value": 53.62513, "relative_strength": -10.323291, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.258254, "energy": 57.4719, "activity_lines": [ 69.157524, 67.568453, 66.939683, 66.864872 ] }, { "date": "2024-11-08", "close": 70.737946, "volume": 710000, "typical_volume": 417700.0, "trend": 66.920904, "fair_value": 53.898315, "relative_strength": -14.708548, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.295551, "energy": 67.742835, "activity_lines": [ 70.14132, 68.29548, 67.314159, 67.128263 ] }, { "date": "2024-11-15", "close": 69.785881, "volume": 451000, "typical_volume": 398300.0, "trend": 67.21997, "fair_value": 54.165902, "relative_strength": -12.043537, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.806926, "energy": 68.797633, "activity_lines": [ 70.37616, 68.77497, 67.584362, 67.3131 ] }, { "date": "2024-11-22", "close": 65.787239, "volume": 178304, "typical_volume": 391765.2, "trend": 67.10593, "fair_value": 54.405837, "relative_strength": -16.84298, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.538848, "energy": 46.083995, "activity_lines": [ 69.030584, 68.421843, 67.470115, 67.220666 ] }, { "date": "2024-11-29", "close": 65.463191, "volume": 284000, "typical_volume": 360715.2, "trend": 66.909579, "fair_value": 54.646219, "relative_strength": -14.036966, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.798881, "energy": 10.263187, "activity_lines": [ 67.602381, 68.021916, 67.334527, 67.114683 ] }, { "date": "2024-12-06", "close": 66.16806, "volume": 319000, "typical_volume": 355165.2, "trend": 66.879742, "fair_value": 54.89011, "relative_strength": -15.748762, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.283733, "energy": 11.372172, "activity_lines": [ 66.690966, 67.771617, 67.265346, 67.066843 ] }, { "date": "2024-12-13", "close": 66.834503, "volume": 205000, "typical_volume": 356315.2, "trend": 66.869011, "fair_value": 55.140798, "relative_strength": -13.441971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.030057, "energy": 14.711386, "activity_lines": [ 66.439646, 67.616525, 67.259635, 67.063924 ] }, { "date": "2024-12-20", "close": 68.167381, "volume": 593000, "typical_volume": 371415.2, "trend": 66.952454, "fair_value": 55.399272, "relative_strength": -8.979693, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.781829, "energy": 10.499922, "activity_lines": [ 66.892848, 67.657036, 67.376785, 67.14769 ] }, { "date": "2024-12-27", "close": 67.596153, "volume": 372000, "typical_volume": 362215.2, "trend": 67.026184, "fair_value": 55.651055, "relative_strength": -11.972923, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.803459, "energy": 11.23101, "activity_lines": [ 67.263541, 67.555606, 67.426838, 67.189219 ] }, { "date": "2025-01-03", "close": 67.691353, "volume": 271000, "typical_volume": 367415.2, "trend": 67.081324, "fair_value": 55.907235, "relative_strength": -9.619077, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.83156, "energy": 13.354785, "activity_lines": [ 67.545372, 67.445519, 67.477797, 67.232133 ] }, { "date": "2025-01-10", "close": 69.40506, "volume": 890000, "typical_volume": 403515.2, "trend": 67.125187, "fair_value": 56.175158, "relative_strength": -6.858869, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.653254, "energy": 22.053059, "activity_lines": [ 68.249896, 67.683367, 67.691513, 67.382051 ] }, { "date": "2025-01-17", "close": 68.833824, "volume": 873000, "typical_volume": 440315.2, "trend": 67.156922, "fair_value": 56.439672, "relative_strength": -7.258814, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.217981, "energy": 26.773659, "activity_lines": [ 68.548207, 67.877939, 67.842212, 67.492286 ] }, { "date": "2025-01-24", "close": 66.92971, "volume": 160000, "typical_volume": 443465.2, "trend": 67.087104, "fair_value": 56.691475, "relative_strength": -10.34214, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.787819, "energy": 18.307429, "activity_lines": [ 68.078526, 67.760929, 67.801139, 67.477627 ] }, { "date": "2025-02-07", "close": 66.92971, "volume": 339180, "typical_volume": 451924.2, "trend": 67.058543, "fair_value": 56.945802, "relative_strength": -9.250243, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.291525, "energy": 9.106773, "activity_lines": [ 67.691356, 67.69585, 67.746012, 67.467473 ] }, { "date": "2025-02-14", "close": 67.024918, "volume": 197414, "typical_volume": 454244.9, "trend": 67.115666, "fair_value": 57.200235, "relative_strength": -6.990731, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.077891, "energy": 7.671278, "activity_lines": [ 67.380351, 67.627308, 67.697686, 67.465303 ] }, { "date": "2025-02-21", "close": 66.358475, "volume": 276140, "typical_volume": 458601.9, "trend": 67.122013, "fair_value": 57.451153, "relative_strength": -9.288528, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.127416, "energy": 11.291139, "activity_lines": [ 66.891628, 67.409201, 67.584075, 67.416452 ] }, { "date": "2025-02-28", "close": 76.735916, "volume": 1548224, "typical_volume": 531613.1, "trend": 67.480622, "fair_value": 57.768341, "relative_strength": 8.660654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.740482, "energy": 50.672333, "activity_lines": [ 70.065158, 69.074438, 68.451086, 68.036704 ] }, { "date": "2025-03-07", "close": 81.781822, "volume": 1422212, "typical_volume": 592323.7, "trend": 68.023295, "fair_value": 58.118379, "relative_strength": 18.629464, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.463629, "energy": 80.085527, "activity_lines": [ 74.39385, 71.477088, 69.739268, 68.959362 ] }, { "date": "2025-03-14", "close": 80.734558, "volume": 1311178, "typical_volume": 650532.6, "trend": 68.518366, "fair_value": 58.459432, "relative_strength": 20.460483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.368864, "energy": 86.438694, "activity_lines": [ 77.383313, 73.44179, 70.852906, 69.779444 ] }, { "date": "2025-03-21", "close": 71.404388, "volume": 1183038, "typical_volume": 685084.5, "trend": 68.645307, "fair_value": 58.744463, "relative_strength": 5.510806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.773226, "energy": 74.936424, "activity_lines": [ 76.342396, 73.471218, 71.008592, 69.965639 ] }, { "date": "2025-03-28", "close": 69.214645, "volume": 362900, "typical_volume": 597329.5, "trend": 68.699257, "fair_value": 59.017478, "relative_strength": 5.240507, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.217227, "energy": 56.370649, "activity_lines": [ 74.279601, 73.035001, 70.947571, 70.00237 ] }, { "date": "2025-04-04", "close": 68.072182, "volume": 390727, "typical_volume": 581365.85, "trend": 68.74686, "fair_value": 59.282411, "relative_strength": 5.068129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.0328, "energy": 13.6664, "activity_lines": [ 71.645573, 72.394526, 70.794518, 69.961914 ] }, { "date": "2025-04-11", "close": 62.264626, "volume": 1921048, "typical_volume": 654868.25, "trend": 68.689736, "fair_value": 59.511378, "relative_strength": 4.793192, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -21.881666, "energy": 28.396624, "activity_lines": [ 67.653275, 70.711979, 70.101059, 69.543705 ] }, { "date": "2025-04-18", "close": 65.025597, "volume": 179013, "typical_volume": 654903.7, "trend": 68.642133, "fair_value": 59.7535, "relative_strength": 9.968361, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.293773, "energy": 30.811833, "activity_lines": [ 65.882448, 69.616247, 69.706365, 69.307309 ] }, { "date": "2025-04-25", "close": 64.644768, "volume": 97688, "typical_volume": 645588.1, "trend": 68.575489, "fair_value": 59.99823, "relative_strength": 6.603176, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.956717, "energy": 32.870925, "activity_lines": [ 65.031941, 68.485894, 69.279028, 69.049415 ] }, { "date": "2025-05-02", "close": 69.500267, "volume": 278672, "typical_volume": 643571.7, "trend": 68.734166, "fair_value": 60.261461, "relative_strength": 9.632513, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.880128, "energy": 24.854664, "activity_lines": [ 66.250575, 68.281634, 69.318017, 69.109078 ] }, { "date": "2025-05-09", "close": 66.263268, "volume": 441124, "typical_volume": 655377.9, "trend": 68.80081, "fair_value": 60.516566, "relative_strength": 4.113861, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.616947, "energy": 17.335102, "activity_lines": [ 66.371169, 67.431705, 69.032853, 68.949665 ] }, { "date": "2025-05-16", "close": 66.92971, "volume": 423129, "typical_volume": 646884.35, "trend": 68.829372, "fair_value": 60.772156, "relative_strength": 0.801298, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.597043, "energy": 23.653285, "activity_lines": [ 66.834504, 66.893359, 68.813879, 68.828949 ] }, { "date": "2025-05-23", "close": 63.597507, "volume": 501015, "typical_volume": 653335.1, "trend": 68.743687, "fair_value": 61.013202, "relative_strength": -3.234549, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.964978, "energy": 27.455437, "activity_lines": [ 65.876099, 66.019196, 68.283447, 68.491409 ] }, { "date": "2025-05-30", "close": 62.169418, "volume": 140705, "typical_volume": 646820.35, "trend": 68.492978, "fair_value": 61.243832, "relative_strength": -3.975531, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.202866, "energy": 42.368519, "activity_lines": [ 64.53687, 65.196964, 67.636047, 68.067263 ] }, { "date": "2025-06-06", "close": 63.311886, "volume": 242473, "typical_volume": 614444.0, "trend": 68.178799, "fair_value": 61.482542, "relative_strength": -3.524661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.58134, "energy": 49.261133, "activity_lines": [ 63.743487, 64.750362, 67.123749, 67.732999 ] }, { "date": "2025-06-13", "close": 64.263947, "volume": 195202, "typical_volume": 580554.1, "trend": 67.962999, "fair_value": 61.724326, "relative_strength": -3.836049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.978484, "energy": 52.086323, "activity_lines": [ 63.680017, 64.584184, 66.731138, 67.480428 ] }, { "date": "2025-06-20", "close": 62.550236, "volume": 111299, "typical_volume": 578119.05, "trend": 67.721811, "fair_value": 61.954115, "relative_strength": -6.172711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.035583, "energy": 55.47304, "activity_lines": [ 63.178598, 64.175664, 66.197078, 67.131217 ] }, { "date": "2025-06-27", "close": 61.584362, "volume": 89224, "typical_volume": 565621.25, "trend": 67.581715, "fair_value": 62.177712, "relative_strength": -9.697443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.843846, "energy": 52.87718, "activity_lines": [ 62.647186, 63.586337, 65.591885, 66.735253 ] }, { "date": "2025-07-04", "close": 63.54253, "volume": 54520, "typical_volume": 558476.55, "trend": 67.517693, "fair_value": 62.41867, "relative_strength": -6.585222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.765249, "energy": 37.377551, "activity_lines": [ 62.902706, 63.415608, 65.198638, 66.47466 ] }, { "date": "2025-07-11", "close": 61.094822, "volume": 30010, "typical_volume": 546170.05, "trend": 67.348585, "fair_value": 62.644201, "relative_strength": -10.87791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.244283, "energy": 55.444611, "activity_lines": [ 62.250782, 62.819882, 64.588858, 66.060281 ] }, { "date": "2025-07-18", "close": 59.430378, "volume": 76607, "typical_volume": 472589.2, "trend": 67.101781, "fair_value": 62.86012, "relative_strength": -15.547508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.166095, "energy": 66.47751, "activity_lines": [ 61.191849, 62.074357, 63.845625, 65.549429 ] }, { "date": "2025-07-25", "close": 58.255478, "volume": 169073, "typical_volume": 409932.25, "trend": 66.771384, "fair_value": 63.067186, "relative_strength": -16.938352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.77644, "energy": 71.477044, "activity_lines": [ 60.063519, 61.239447, 63.072905, 64.9787 ] }, { "date": "2025-08-01", "close": 55.807767, "volume": 99259, "typical_volume": 349336.3, "trend": 66.378438, "fair_value": 63.259355, "relative_strength": -20.359198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.44081, "energy": 84.883173, "activity_lines": [ 58.405604, 60.117213, 62.179099, 64.27137 ] }, { "date": "2025-08-08", "close": 62.073906, "volume": 172258, "typical_volume": 298797.3, "trend": 66.191189, "fair_value": 63.482712, "relative_strength": -13.334371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.490149, "energy": 63.541722, "activity_lines": [ 59.221507, 60.275908, 62.000767, 63.993658 ] }, { "date": "2025-08-15", "close": 61.19273, "volume": 145100, "typical_volume": 287907.3, "trend": 65.917445, "fair_value": 63.708871, "relative_strength": -15.361864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.450329, "energy": 43.733328, "activity_lines": [ 59.841594, 60.276126, 61.782945, 63.671177 ] }, { "date": "2025-08-22", "close": 63.150894, "volume": 135010, "typical_volume": 275121.45, "trend": 65.728014, "fair_value": 63.947583, "relative_strength": -10.345305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.693098, "energy": 27.120739, "activity_lines": [ 61.107875, 60.670904, 61.789814, 63.49269 ] }, { "date": "2025-08-29", "close": 62.955082, "volume": 140022, "typical_volume": 186070.15, "trend": 65.595526, "fair_value": 64.182662, "relative_strength": -12.093479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.363053, "energy": 23.815911, "activity_lines": [ 62.06085, 61.050317, 61.801469, 63.313791 ] }, { "date": "2025-09-05", "close": 62.36763, "volume": 179388, "typical_volume": 186088.9, "trend": 65.443457, "fair_value": 64.407639, "relative_strength": -13.592282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.724404, "energy": 21.705005, "activity_lines": [ 62.504702, 61.31556, 61.753888, 63.10554 ] }, { "date": "2025-09-12", "close": 69.514938, "volume": 569184, "typical_volume": 209663.7, "trend": 65.526458, "fair_value": 64.678695, "relative_strength": -7.240288, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.507475, "energy": 27.240982, "activity_lines": [ 64.893665, 62.866072, 62.39966, 63.368216 ] }, { "date": "2025-09-19", "close": 74.410355, "volume": 670983, "typical_volume": 229279.25, "trend": 65.794854, "fair_value": 64.981924, "relative_strength": -1.016834, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 48.371188, "energy": 62.324617, "activity_lines": [ 68.418365, 65.198071, 63.488471, 63.94137 ] }, { "date": "2025-09-26", "close": 70.200294, "volume": 2084711, "typical_volume": 311458.6, "trend": 65.577, "fair_value": 65.25843, "relative_strength": -6.463249, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.149648, "energy": 58.282953, "activity_lines": [ 69.658536, 66.522503, 64.152943, 64.225592 ] }, { "date": "2025-10-03", "close": 69.612846, "volume": 60834, "typical_volume": 293343.85, "trend": 65.171367, "fair_value": 65.532491, "relative_strength": -11.201444, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.365865, "energy": 64.487128, "activity_lines": [ 70.232932, 67.54431, 64.742719, 64.48597 ] }, { "date": "2025-10-10", "close": 68.340042, "volume": 57020, "typical_volume": 271144.1, "trend": 64.758217, "fair_value": 65.801562, "relative_strength": -14.339259, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.353744, "energy": 59.551566, "activity_lines": [ 69.939208, 68.1282, 65.1985, 64.6904 ] }, { "date": "2025-10-17", "close": 67.360962, "volume": 51100, "typical_volume": 266663.85, "trend": 64.623436, "fair_value": 66.066997, "relative_strength": -15.335054, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.256908, "energy": 39.267229, "activity_lines": [ 68.920964, 68.306217, 65.538451, 64.858319 ] }, { "date": "2025-10-24", "close": 67.360962, "volume": 66030, "typical_volume": 257841.7, "trend": 64.561646, "fair_value": 66.335601, "relative_strength": -15.836176, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 41.925638, "energy": 26.907023, "activity_lines": [ 68.046318, 68.388105, 65.85368, 65.034934 ] }, { "date": "2025-10-31", "close": 65.598602, "volume": 54905, "typical_volume": 250826.85, "trend": 64.479194, "fair_value": 66.595548, "relative_strength": -19.722191, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.471105, "energy": 20.321645, "activity_lines": [ 67.054178, 68.037414, 65.981784, 65.101834 ] }, { "date": "2025-11-07", "close": 65.109062, "volume": 99050, "typical_volume": 250214.4, "trend": 64.574008, "fair_value": 66.851301, "relative_strength": -18.188655, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.324292, "energy": 21.104177, "activity_lines": [ 66.205638, 67.553213, 66.05691, 65.142471 ] }, { "date": "2025-11-14", "close": 62.465538, "volume": 74070, "typical_volume": 249456.7, "trend": 64.488673, "fair_value": 67.089581, "relative_strength": -20.398216, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.214259, "energy": 16.510911, "activity_lines": [ 64.776175, 66.549207, 65.868087, 65.006441 ] }, { "date": "2025-11-21", "close": 60.213646, "volume": 150007, "typical_volume": 254231.05, "trend": 64.340969, "fair_value": 67.309728, "relative_strength": -20.049432, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.693917, "energy": 31.982613, "activity_lines": [ 62.987716, 65.133986, 65.460601, 64.730632 ] }, { "date": "2025-11-28", "close": 59.626198, "volume": 57100, "typical_volume": 255585.55, "trend": 64.011833, "fair_value": 67.522148, "relative_strength": -23.877239, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.299412, "energy": 47.843061, "activity_lines": [ 61.479928, 63.781071, 65.013021, 64.426454 ] }, { "date": "2025-12-05", "close": 59.724102, "volume": 31244, "typical_volume": 253317.4, "trend": 63.793861, "fair_value": 67.735988, "relative_strength": -24.304171, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.101714, "energy": 57.038769, "activity_lines": [ 60.520425, 62.71476, 64.581757, 64.149826 ] }, { "date": "2025-12-12", "close": 58.451294, "volume": 116125, "typical_volume": 250670.0, "trend": 63.511247, "fair_value": 67.940613, "relative_strength": -26.094657, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.442674, "energy": 66.490746, "activity_lines": [ 59.528287, 61.607505, 64.027876, 63.805144 ] }, { "date": "2025-12-19", "close": 58.451294, "volume": 42003, "typical_volume": 247807.2, "trend": 63.339707, "fair_value": 68.142069, "relative_strength": -24.344734, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.05078, "energy": 71.142334, "activity_lines": [ 58.98, 60.703187, 63.473062, 63.478695 ] }, { "date": "2025-12-26", "close": 58.842926, "volume": 53206, "typical_volume": 241854.6, "trend": 63.228824, "fair_value": 68.281866, "relative_strength": -25.634579, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.870973, "energy": 82.973875, "activity_lines": [ 58.829873, 60.049871, 62.942957, 63.188581 ] }, { "date": "2026-01-02", "close": 58.745018, "volume": 33055, "typical_volume": 236252.35, "trend": 63.076595, "fair_value": 68.3669, "relative_strength": -27.310902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.706864, "energy": 78.276631, "activity_lines": [ 58.738491, 59.533626, 62.418914, 62.899303 ] }, { "date": "2026-01-09", "close": 58.353386, "volume": 110005, "typical_volume": 235002.1, "trend": 62.879576, "fair_value": 68.470549, "relative_strength": -29.528181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.747853, "energy": 69.420785, "activity_lines": [ 58.575311, 59.10283, 61.869229, 62.59458 ] }, { "date": "2026-01-16", "close": 57.765934, "volume": 88196, "typical_volume": 232410.8, "trend": 62.720099, "fair_value": 68.582052, "relative_strength": -32.163095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.863995, "energy": 63.792288, "activity_lines": [ 58.307694, 58.696955, 61.286441, 62.264667 ] }, { "date": "2026-01-23", "close": 56.98267, "volume": 158370, "typical_volume": 231359.9, "trend": 62.56671, "fair_value": 68.70253, "relative_strength": -33.680157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.114775, "energy": 59.083002, "activity_lines": [ 57.82468, 58.282179, 60.653766, 61.894511 ] }, { "date": "2026-01-30", "close": 56.199402, "volume": 109016, "typical_volume": 208351.5, "trend": 62.321939, "fair_value": 68.81297, "relative_strength": -34.286882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.068489, "energy": 64.759511, "activity_lines": [ 57.178485, 57.82468, 59.972138, 61.483717 ] }, { "date": "2026-02-06", "close": 55.514046, "volume": 125226, "typical_volume": 181063.65, "trend": 62.135913, "fair_value": 68.907661, "relative_strength": -33.989254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.540243, "energy": 79.950666, "activity_lines": [ 56.480073, 57.315557, 59.288644, 61.044498 ] }, { "date": "2026-02-13", "close": 55.514046, "volume": 36003, "typical_volume": 78628.25, "trend": 62.005368, "fair_value": 68.973568, "relative_strength": -37.000585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.581996, "energy": 83.061046, "activity_lines": [ 55.99706, 56.881201, 58.695133, 60.61728 ] }, { "date": "2026-02-27", "close": 55.318226, "volume": 102167, "typical_volume": 80694.9, "trend": 61.90746, "fair_value": 69.030298, "relative_strength": -39.884917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.469386, "energy": 85.185191, "activity_lines": [ 55.638062, 56.487787, 58.152907, 60.185852 ] }, { "date": "2026-03-06", "close": 55.318226, "volume": 110061, "typical_volume": 83346.95, "trend": 61.891142, "fair_value": 69.092309, "relative_strength": -35.838843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.615296, "energy": 71.994075, "activity_lines": [ 55.442244, 56.151338, 57.678751, 59.76074 ] }, { "date": "2026-03-13", "close": 55.024502, "volume": 66015, "typical_volume": 84092.7, "trend": 61.656162, "fair_value": 69.124974, "relative_strength": -34.834281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.265502, "energy": 58.475111, "activity_lines": [ 55.259482, 55.81845, 57.23863, 59.317731 ] }, { "date": "2026-03-20", "close": 53.360058, "volume": 118555, "typical_volume": 86718.95, "trend": 61.395073, "fair_value": 69.165454, "relative_strength": -36.062182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.125703, "energy": 63.557523, "activity_lines": [ 54.600232, 55.252361, 56.698735, 58.782499 ] }, { "date": "2026-03-27", "close": 52.968426, "volume": 102114, "typical_volume": 89079.4, "trend": 61.055657, "fair_value": 69.222965, "relative_strength": -34.891794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.721378, "energy": 63.241458, "activity_lines": [ 53.954036, 54.712975, 56.188212, 58.238844 ] }, { "date": "2026-04-03", "close": 53.457966, "volume": 72163, "typical_volume": 87735.05, "trend": 60.739087, "fair_value": 69.277805, "relative_strength": -32.373153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.503497, "energy": 57.540872, "activity_lines": [ 53.640729, 54.360505, 55.784457, 57.74867 ] }, { "date": "2026-04-10", "close": 53.164242, "volume": 113315, "typical_volume": 89697.3, "trend": 60.432307, "fair_value": 69.344494, "relative_strength": -37.305766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.273836, "energy": 53.941281, "activity_lines": [ 53.353531, 54.032956, 55.408209, 57.259971 ] }, { "date": "2026-04-17", "close": 51.695618, "volume": 237426, "typical_volume": 94068.25, "trend": 59.83833, "fair_value": 69.399655, "relative_strength": -40.481523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.535634, "energy": 54.652123, "activity_lines": [ 52.720391, 53.507812, 54.936384, 56.696313 ] }, { "date": "2026-04-24", "close": 51.891434, "volume": 283100, "typical_volume": 105368.25, "trend": 59.087699, "fair_value": 69.430722, "relative_strength": -42.576554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.034089, "energy": 50.618757, "activity_lines": [ 52.374448, 53.100157, 54.52377, 56.18361 ] }, { "date": "2026-05-01", "close": 53.849602, "volume": 193081, "typical_volume": 113460.1, "trend": 58.542676, "fair_value": 69.488072, "relative_strength": -39.463096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.112704, "energy": 42.663809, "activity_lines": [ 52.779137, 53.114398, 54.334481, 55.845669 ] }, { "date": "2026-05-08", "close": 51.989342, "volume": 343290, "typical_volume": 124818.35, "trend": 57.955226, "fair_value": 69.516597, "relative_strength": -44.334678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.771551, "energy": 43.020654, "activity_lines": [ 52.504993, 52.820673, 53.995998, 55.422873 ] }, { "date": "2026-05-15", "close": 56.786854, "volume": 344115, "typical_volume": 139923.95, "trend": 57.570119, "fair_value": 69.555805, "relative_strength": -37.604385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.157404, "energy": 17.289113, "activity_lines": [ 53.927929, 53.459748, 54.145191, 55.347494 ] }, { "date": "2026-05-22", "close": 55.61195, "volume": 178997, "typical_volume": 146213.5, "trend": 57.178486, "fair_value": 69.614418, "relative_strength": -39.5599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.659177, "energy": 17.06282, "activity_lines": [ 54.717722, 53.858502, 54.190416, 55.221161 ] }, { "date": "2026-05-29", "close": 55.80777, "volume": 259210, "typical_volume": 157521.25, "trend": 56.793379, "fair_value": 69.665835, "relative_strength": -41.820892, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.403613, "energy": 12.585022, "activity_lines": [ 55.3117, 54.282178, 54.269675, 55.132727 ] }, { "date": "2026-06-05", "close": 54.534962, "volume": 148533, "typical_volume": 159447.65, "trend": 56.424591, "fair_value": 69.699587, "relative_strength": -42.699366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.843877, "energy": 15.09237, "activity_lines": [ 55.220319, 54.429931, 54.241701, 54.987023 ] }, { "date": "2026-06-12", "close": 52.968426, "volume": 159165, "typical_volume": 162996.1, "trend": 56.019903, "fair_value": 69.643019, "relative_strength": -42.303215, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.722147, "energy": 11.873212, "activity_lines": [ 54.561069, 54.264377, 54.082717, 54.764044 ] }, { "date": "2026-06-19", "close": 51.695618, "volume": 66330, "typical_volume": 158394.1, "trend": 55.660906, "fair_value": 69.518083, "relative_strength": -45.566344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.326484, "energy": 22.764864, "activity_lines": [ 53.412278, 53.876304, 53.825358, 54.485058 ] }, { "date": "2026-06-26", "close": 48.464642, "volume": 230016, "typical_volume": 164444.1, "trend": 55.269273, "fair_value": 69.298414, "relative_strength": -45.909996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.244084, "energy": 56.903476, "activity_lines": [ 51.52591, 52.927483, 53.285463, 54.020783 ] }, { "date": "2026-07-03", "close": 49.150002, "volume": 171010, "typical_volume": 166733.3, "trend": 54.920066, "fair_value": 69.012586, "relative_strength": -46.883185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.122712, "energy": 66.013671, "activity_lines": [ 50.344483, 52.162018, 52.847673, 53.625992 ] }, { "date": "2026-07-10", "close": 50.0, "volume": 45000, "typical_volume": 167183.15, "trend": 54.595929, "fair_value": 68.654479, "relative_strength": -43.32016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.944392, "energy": 67.660399, "activity_lines": [ 49.89024, 51.600942, 52.52114, 53.308568 ] }, { "date": "2026-07-17", "close": 48.0, "volume": 52130, "typical_volume": 164681.3, "trend": 54.247553, "fair_value": 68.29252, "relative_strength": -41.259362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.298671, "energy": 74.717364, "activity_lines": [ 49.071661, 50.746223, 52.030388, 52.883024 ] }, { "date": "2026-07-24", "close": 49.799999, "volume": 68093, "typical_volume": 162582.9, "trend": 53.959176, "fair_value": 67.945089, "relative_strength": -39.579726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.720246, "energy": 60.367865, "activity_lines": [ 49.184309, 50.29131, 51.745914, 52.596085 ] }, { "date": "2026-07-31", "close": 48.200001, "volume": 381164, "typical_volume": 178340.35, "trend": 53.604412, "fair_value": 67.608329, "relative_strength": -39.953976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.254989, "energy": 46.895271, "activity_lines": [ 48.89, 49.672521, 51.335336, 52.224525 ] }, { "date": "2026-08-07", "close": 49.799999, "volume": 214021, "typical_volume": 183113.65, "trend": 53.306245, "fair_value": 67.302751, "relative_strength": -38.717699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.053533, "energy": 37.919912, "activity_lines": [ 49.146666, 49.479404, 51.109636, 51.979079 ] }, { "date": "2026-08-14", "close": 54.5, "volume": 455010, "typical_volume": 200758.45, "trend": 53.177799, "fair_value": 67.054207, "relative_strength": -34.29566, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.041856, "energy": 11.263121, "activity_lines": [ 50.926666, 50.250065, 51.348508, 52.056096 ] } ], "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." } } }