{ "ticker": { "uuid": "a679e234-f1fc-4819-ae27-3c034a42a73e", "symbol": "GSFC", "name": "Gujarat State Fertilizers & Chemicals Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -56.021, "architecture_energy": 49.416, "architecture_maturity": 7.966, "architecture_confidence": 91.549, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.57, "rotation_up": 13.39, "upward_expansion": 9.31, "deceleration": 40.93, "rotation_down": 60.66, "downward_expansion": 82.65 }, "activity_lines": [ 158.955998, 160.175453, 162.849761, 163.31716 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 161.220001, "trend_reference": 165.282666, "distance_from_trend": -0.02458, "trend_direction": "Weakening", "fair_value": 194.94764, "distance_from_fair_value": -0.173009, "fair_value_direction": "Weakening", "relative_strength": -7.696758, "relative_strength_direction": "Weakening", "price_momentum": -0.089307, "excess_performance": -0.045598, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.02458, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.03936, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.173009, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.081325, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076968, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.060446, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.089307, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.260653, "read": "Supply-led" } ], "volume": { "latest": 1625884, "relative_activity": 0.595106, "balance": 0.260653, "dry_up": 0.725204, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.039821, "annualized_volatility": 0.235312, "from_high_reference": -0.25164, "from_low_reference": 0.161276 }, "levels": { "trend_reference": 165.282666, "fair_value_reference": 194.94764, "structural_low": 138.830002, "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": 20, "median_return": 0.010116, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.004227, "regime_survival": 0.75, "best_return": 0.335714, "worst_return": -0.132728, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.028576, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.037346, "regime_survival": 0.375, "best_return": 0.377311, "worst_return": -0.084585, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.053987, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.051981, "regime_survival": 0.4, "best_return": 0.481149, "worst_return": -0.115599, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.148712, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.054474, "regime_survival": 0.0, "best_return": 0.374556, "worst_return": -0.077131, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-29", "end": "2024-04-19", "tenure": "New", "return": 0.138001, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-06-07", "tenure": "Developing", "return": -0.160832, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": 0.121751, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-10-04", "tenure": "Established", "return": -0.102851, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.008989, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2025-05-09", "tenure": "Extended", "return": -0.048928, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": -0.019198, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.042315, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-10-10", "tenure": "Established", "return": -0.013392, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.009111, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.014782, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-05-15", "tenure": "Established", "return": -0.078241, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-17", "tenure": "Developing", "return": -0.05873, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.04309, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 137.710678, "volume": 4094307, "typical_volume": 17287825.1, "trend": 133.294538, "fair_value": 109.513929, "relative_strength": 0.398633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.293073, "energy": 15.963198, "activity_lines": [ 142.749456, 146.061728, 146.275439, 140.926022 ] }, { "date": "2023-08-25", "close": 149.754684, "volume": 13934400, "typical_volume": 17854510.2, "trend": 134.489849, "fair_value": 110.094729, "relative_strength": 9.626821, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.256468, "energy": 19.942453, "activity_lines": [ 144.240189, 146.510437, 146.92969, 141.987967 ] }, { "date": "2023-09-01", "close": 161.435089, "volume": 19494844, "typical_volume": 18451324.55, "trend": 136.138135, "fair_value": 110.769126, "relative_strength": 17.050144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.815423, "energy": 34.39072, "activity_lines": [ 149.778917, 149.010963, 148.516295, 143.726369 ] }, { "date": "2023-09-08", "close": 166.281281, "volume": 34108444, "typical_volume": 19913074.6, "trend": 137.790404, "fair_value": 111.485879, "relative_strength": 18.066002, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.846487, "energy": 64.215812, "activity_lines": [ 156.06345, 152.119921, 150.350616, 145.671088 ] }, { "date": "2023-09-15", "close": 165.8974, "volume": 12960717, "typical_volume": 15536236.6, "trend": 139.429878, "fair_value": 112.209995, "relative_strength": 15.340956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.546849, "energy": 78.516768, "activity_lines": [ 161.075829, 154.84455, 151.890696, 147.484443 ] }, { "date": "2023-09-22", "close": 160.954529, "volume": 4854757, "typical_volume": 13768198.2, "trend": 140.883379, "fair_value": 112.906635, "relative_strength": 14.433158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.133031, "energy": 75.515102, "activity_lines": [ 162.655397, 156.412504, 152.858051, 148.87313 ] }, { "date": "2023-09-29", "close": 166.473251, "volume": 10868800, "typical_volume": 13083538.25, "trend": 142.529927, "fair_value": 113.611427, "relative_strength": 18.091727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.198463, "energy": 75.792787, "activity_lines": [ 164.524948, 158.848815, 154.321689, 150.52409 ] }, { "date": "2023-10-06", "close": 165.801407, "volume": 3405211, "typical_volume": 11920463.85, "trend": 144.21771, "fair_value": 114.296475, "relative_strength": 17.063239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.292404, "energy": 62.088623, "activity_lines": [ 165.05598, 160.901142, 155.683066, 152.025475 ] }, { "date": "2023-10-13", "close": 179.334259, "volume": 25825551, "typical_volume": 12325254.65, "trend": 146.43688, "fair_value": 115.086235, "relative_strength": 25.257813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.716068, "energy": 59.072483, "activity_lines": [ 169.806876, 165.097438, 158.271158, 154.291059 ] }, { "date": "2023-10-20", "close": 194.6427, "volume": 99263545, "typical_volume": 16711876.7, "trend": 149.214811, "fair_value": 115.966549, "relative_strength": 36.187488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.712062, "energy": 76.321966, "activity_lines": [ 178.790386, 171.527708, 162.151452, 157.401112 ] }, { "date": "2023-10-27", "close": 187.204422, "volume": 33585619, "typical_volume": 18015393.3, "trend": 151.849333, "fair_value": 116.785428, "relative_strength": 33.147708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.211202, "energy": 71.177438, "activity_lines": [ 183.378117, 175.596053, 165.090325, 159.852055 ] }, { "date": "2023-11-03", "close": 186.4366, "volume": 22888236, "typical_volume": 18413770.0, "trend": 154.332517, "fair_value": 117.60977, "relative_strength": 30.226157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.802556, "energy": 69.739958, "activity_lines": [ 185.959914, 178.624907, 167.747873, 162.083491 ] }, { "date": "2023-11-10", "close": 173.671585, "volume": 18946242, "typical_volume": 18732386.4, "trend": 156.23719, "fair_value": 118.365196, "relative_strength": 19.284866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.660198, "energy": 52.751558, "activity_lines": [ 182.955817, 178.665905, 168.9962, 163.331173 ] }, { "date": "2023-11-17", "close": 177.846603, "volume": 13348927, "typical_volume": 19106298.4, "trend": 158.426467, "fair_value": 119.130544, "relative_strength": 19.311681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.136162, "energy": 41.770481, "activity_lines": [ 180.818713, 179.243516, 170.51246, 164.725329 ] }, { "date": "2023-11-24", "close": 174.96727, "volume": 9052734, "typical_volume": 18860879.75, "trend": 159.442623, "fair_value": 119.856946, "relative_strength": 16.313984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.479476, "energy": 28.799669, "activity_lines": [ 177.821009, 179.087333, 171.617047, 165.792477 ] }, { "date": "2023-12-01", "close": 185.908722, "volume": 20081676, "typical_volume": 19348229.1, "trend": 160.479596, "fair_value": 120.639172, "relative_strength": 19.857721, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.039883, "energy": 29.742726, "activity_lines": [ 179.782151, 180.755599, 173.652923, 167.499968 ] }, { "date": "2023-12-08", "close": 214.030182, "volume": 79349528, "typical_volume": 22909005.5, "trend": 162.332754, "fair_value": 121.575562, "relative_strength": 32.166553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 82.439642, "energy": 53.617002, "activity_lines": [ 191.203493, 187.083144, 178.212834, 170.954844 ] }, { "date": "2023-12-15", "close": 223.340012, "volume": 31293131, "typical_volume": 23965199.8, "trend": 164.68561, "fair_value": 122.587627, "relative_strength": 33.75613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.085482, "energy": 81.790663, "activity_lines": [ 203.88854, 194.238714, 183.36436, 174.890796 ] }, { "date": "2023-12-22", "close": 215.085938, "volume": 18502890, "typical_volume": 24460543.45, "trend": 167.037541, "fair_value": 123.561939, "relative_strength": 28.238448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.577481, "energy": 81.089222, "activity_lines": [ 210.511, 198.847388, 187.372885, 178.14243 ] }, { "date": "2023-12-29", "close": 231.690063, "volume": 25840464, "typical_volume": 25085001.15, "trend": 169.903552, "fair_value": 124.615181, "relative_strength": 34.509649, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.140413, "energy": 87.711658, "activity_lines": [ 220.185546, 205.824962, 192.648623, 182.313561 ] }, { "date": "2024-01-05", "close": 273.008453, "volume": 93354300, "typical_volume": 29548000.8, "trend": 174.221077, "fair_value": 125.890342, "relative_strength": 56.675979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.868812, "energy": 93.869014, "activity_lines": [ 239.851369, 219.641383, 201.418634, 188.96549 ] }, { "date": "2024-01-12", "close": 275.647858, "volume": 43107352, "typical_volume": 31006648.4, "trend": 178.549319, "fair_value": 127.199263, "relative_strength": 54.819876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.129207, "energy": 92.364569, "activity_lines": [ 254.590345, 232.377622, 209.795743, 195.509153 ] }, { "date": "2024-01-19", "close": 285.437561, "volume": 33893124, "typical_volume": 31726562.4, "trend": 183.182675, "fair_value": 128.601251, "relative_strength": 59.752912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.862391, "energy": 93.248244, "activity_lines": [ 268.484711, 245.271784, 218.505712, 202.405169 ] }, { "date": "2024-01-26", "close": 294.747406, "volume": 28424416, "typical_volume": 31442361.0, "trend": 188.041521, "fair_value": 130.060391, "relative_strength": 64.24448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.961075, "energy": 92.390874, "activity_lines": [ 281.342521, 257.826537, 227.511845, 209.602893 ] }, { "date": "2024-02-02", "close": 273.104401, "volume": 26260678, "typical_volume": 32107359.05, "trend": 192.088035, "fair_value": 131.356375, "relative_strength": 46.605856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.668496, "energy": 81.04877, "activity_lines": [ 281.675232, 264.320728, 233.844997, 215.090821 ] }, { "date": "2024-02-09", "close": 244.455109, "volume": 39112762, "typical_volume": 33820259.3, "trend": 195.118973, "fair_value": 132.492568, "relative_strength": 30.278714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.073705, "energy": 58.476792, "activity_lines": [ 269.697223, 263.821647, 236.939135, 218.469342 ] }, { "date": "2024-02-16", "close": 232.361923, "volume": 24428746, "typical_volume": 34498256.6, "trend": 197.795285, "fair_value": 133.549555, "relative_strength": 21.289738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.501694, "energy": 38.106119, "activity_lines": [ 255.591708, 260.059324, 238.483919, 220.872113 ] }, { "date": "2024-02-23", "close": 221.804382, "volume": 18028317, "typical_volume": 35229411.9, "trend": 200.242391, "fair_value": 134.472067, "relative_strength": 14.057986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.039649, "energy": 25.937784, "activity_lines": [ 240.852742, 254.044144, 238.709467, 222.421087 ] }, { "date": "2024-03-01", "close": 211.006897, "volume": 17702505, "typical_volume": 34823259.6, "trend": 202.305342, "fair_value": 135.284948, "relative_strength": 7.235789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.50212, "energy": 24.70308, "activity_lines": [ 226.756827, 246.093705, 237.640003, 223.115571 ] }, { "date": "2024-03-08", "close": 207.791626, "volume": 10805986, "typical_volume": 30400381.65, "trend": 204.59441, "fair_value": 136.07806, "relative_strength": 4.277646, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.116888, "energy": 24.545728, "activity_lines": [ 217.171855, 237.632836, 236.1135, 223.469525 ] }, { "date": "2024-03-15", "close": 200.25737, "volume": 23945349, "typical_volume": 29918368.15, "trend": 206.679299, "fair_value": 136.881255, "relative_strength": 2.088506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.317007, "energy": 27.002284, "activity_lines": [ 209.429649, 228.236619, 233.806835, 223.189716 ] }, { "date": "2024-03-22", "close": 192.387222, "volume": 15053565, "typical_volume": 29526634.6, "trend": 208.100384, "fair_value": 137.652525, "relative_strength": -2.698534, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.363909, "energy": 36.962628, "activity_lines": [ 202.010576, 218.732214, 230.688476, 222.267647 ] }, { "date": "2024-03-29", "close": 187.780289, "volume": 10806027, "typical_volume": 29119623.85, "trend": 208.978557, "fair_value": 138.367037, "relative_strength": -6.445728, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.643431, "energy": 52.469121, "activity_lines": [ 195.720839, 209.904014, 227.103024, 220.956673 ] }, { "date": "2024-04-05", "close": 231.930008, "volume": 42534581, "typical_volume": 30578906.55, "trend": 211.166848, "fair_value": 139.348002, "relative_strength": 13.633428, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.508222, "energy": 28.526589, "activity_lines": [ 206.415949, 210.878622, 227.655124, 222.437411 ] }, { "date": "2024-04-12", "close": 225.691452, "volume": 14297942, "typical_volume": 30841166.95, "trend": 213.159983, "fair_value": 140.284485, "relative_strength": 9.737475, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.543766, "energy": 12.749993, "activity_lines": [ 213.636665, 211.861082, 227.355535, 223.374483 ] }, { "date": "2024-04-19", "close": 213.694244, "volume": 9364496, "typical_volume": 30305307.95, "trend": 214.917974, "fair_value": 141.127784, "relative_strength": 4.925583, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.519549, "energy": 6.004436, "activity_lines": [ 215.66499, 211.524285, 225.671811, 223.408951 ] }, { "date": "2024-04-26", "close": 239.896164, "volume": 30442336, "typical_volume": 27859948.35, "trend": 217.365404, "fair_value": 142.135395, "relative_strength": 15.703078, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.771197, "energy": 23.359742, "activity_lines": [ 225.531497, 216.510762, 226.351196, 225.020447 ] }, { "date": "2024-05-03", "close": 232.26593, "volume": 9350180, "typical_volume": 26762800.8, "trend": 219.580888, "fair_value": 143.039644, "relative_strength": 11.335296, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 36.592091, "energy": 27.36201, "activity_lines": [ 229.68733, 219.972937, 226.180721, 225.981771 ] }, { "date": "2024-05-10", "close": 213.934204, "volume": 12867086, "typical_volume": 26481010.6, "trend": 220.73422, "fair_value": 143.761548, "relative_strength": 4.277261, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.020477, "energy": 9.597979, "activity_lines": [ 224.766878, 219.911861, 224.221863, 225.617469 ] }, { "date": "2024-05-17", "close": 227.323105, "volume": 9103071, "typical_volume": 25644140.95, "trend": 221.823567, "fair_value": 144.55328, "relative_strength": 8.389817, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.932034, "energy": 17.791731, "activity_lines": [ 225.509114, 222.231907, 223.543623, 226.042559 ] }, { "date": "2024-05-24", "close": 215.565826, "volume": 18443309, "typical_volume": 21898591.4, "trend": 222.768947, "fair_value": 145.293782, "relative_strength": 0.259745, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.619326, "energy": 2.827803, "activity_lines": [ 222.223479, 222.059149, 221.766437, 225.638833 ] }, { "date": "2024-05-31", "close": 202.080963, "volume": 8479856, "typical_volume": 20167216.6, "trend": 223.290426, "fair_value": 145.961877, "relative_strength": -4.450591, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.504922, "energy": 22.50456, "activity_lines": [ 214.318118, 219.156261, 218.978514, 224.304125 ] }, { "date": "2024-06-07", "close": 201.313141, "volume": 17497037, "typical_volume": 19347412.25, "trend": 224.211811, "fair_value": 146.597544, "relative_strength": -8.089671, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.881207, "energy": 48.78328, "activity_lines": [ 208.67783, 215.93752, 216.467784, 222.886235 ] }, { "date": "2024-06-14", "close": 215.287491, "volume": 19958971, "typical_volume": 18924140.0, "trend": 225.45984, "fair_value": 147.327, "relative_strength": -2.728954, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.750921, "energy": 48.26633, "activity_lines": [ 209.759178, 215.013518, 215.688537, 222.310473 ] }, { "date": "2024-06-21", "close": 241.498978, "volume": 122525132, "typical_volume": 23737362.7, "trend": 227.677564, "fair_value": 148.243283, "relative_strength": 8.411787, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.58369, "energy": 9.911181, "activity_lines": [ 219.487469, 219.157831, 217.784003, 223.345256 ] }, { "date": "2024-06-28", "close": 232.649841, "volume": 29419095, "typical_volume": 23252679.35, "trend": 229.235601, "fair_value": 149.08123, "relative_strength": 1.825329, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.744143, "energy": 9.296944, "activity_lines": [ 225.320989, 221.405802, 219.187196, 223.666048 ] }, { "date": "2024-07-05", "close": 233.686401, "volume": 18780459, "typical_volume": 22970265.0, "trend": 229.890809, "fair_value": 149.947432, "relative_strength": 0.604062, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.327104, "energy": 20.349282, "activity_lines": [ 230.361095, 223.49759, 220.745324, 223.953196 ] }, { "date": "2024-07-12", "close": 243.351349, "volume": 40037398, "typical_volume": 24070719.05, "trend": 230.557853, "fair_value": 150.863802, "relative_strength": 3.567768, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.381078, "energy": 28.942632, "activity_lines": [ 236.515821, 227.459547, 223.217617, 224.821618 ] }, { "date": "2024-07-19", "close": 231.181381, "volume": 14005395, "typical_volume": 23885863.55, "trend": 231.094368, "fair_value": 151.684195, "relative_strength": -2.065195, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.446473, "energy": 31.740554, "activity_lines": [ 235.811344, 229.007229, 224.428261, 224.861846 ] }, { "date": "2024-07-26", "close": 226.526474, "volume": 24671337, "typical_volume": 24579131.1, "trend": 230.922248, "fair_value": 152.450051, "relative_strength": -5.507728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.661069, "energy": 22.877289, "activity_lines": [ 232.495639, 229.394979, 225.09951, 224.567143 ] }, { "date": "2024-08-02", "close": 227.371063, "volume": 12567069, "typical_volume": 24010217.1, "trend": 229.401002, "fair_value": 153.226654, "relative_strength": -5.000818, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.017024, "energy": 13.124274, "activity_lines": [ 230.45963, 229.950775, 225.761984, 224.338034 ] }, { "date": "2024-08-09", "close": 221.977127, "volume": 11460775, "typical_volume": 23830577.6, "trend": 227.611978, "fair_value": 154.038847, "relative_strength": -6.284325, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.94587, "energy": 4.746287, "activity_lines": [ 226.977561, 229.311215, 225.781636, 223.859075 ] }, { "date": "2024-08-16", "close": 214.241333, "volume": 5995080, "typical_volume": 23590030.25, "trend": 225.23877, "fair_value": 154.832326, "relative_strength": -10.473382, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.638365, "energy": 13.005248, "activity_lines": [ 221.697513, 226.903398, 224.923642, 222.996452 ] }, { "date": "2024-08-23", "close": 228.206085, "volume": 12697779, "typical_volume": 22098190.15, "trend": 223.020726, "fair_value": 155.741705, "relative_strength": -5.984499, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.599038, "energy": 9.154842, "activity_lines": [ 223.013049, 226.799569, 225.26962, 223.187892 ] }, { "date": "2024-08-30", "close": 220.825394, "volume": 10031898, "typical_volume": 21884887.95, "trend": 221.278092, "fair_value": 156.566163, "relative_strength": -10.591222, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.727976, "energy": 13.965446, "activity_lines": [ 222.066708, 225.118913, 224.930407, 223.046258 ] }, { "date": "2024-09-06", "close": 222.69696, "volume": 15213422, "typical_volume": 22177334.25, "trend": 220.552821, "fair_value": 157.402801, "relative_strength": -8.543826, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 12.248108, "energy": 10.304035, "activity_lines": [ 222.124295, 224.154425, 224.79261, 223.137798 ] }, { "date": "2024-09-13", "close": 217.491623, "volume": 6580791, "typical_volume": 20984257.0, "trend": 220.057144, "fair_value": 158.165073, "relative_strength": -12.520174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 6.435219, "energy": 6.528995, "activity_lines": [ 220.758376, 222.424473, 224.116197, 222.940301 ] }, { "date": "2024-09-20", "close": 213.624237, "volume": 7415037, "typical_volume": 20887499.85, "trend": 219.784473, "fair_value": 158.858687, "relative_strength": -15.540004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.678272, "energy": 21.350785, "activity_lines": [ 218.402362, 220.285811, 223.17815, 222.525275 ] }, { "date": "2024-09-27", "close": 213.59494, "volume": 5588891, "typical_volume": 20523590.1, "trend": 219.870741, "fair_value": 159.491332, "relative_strength": -16.751301, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.484654, "energy": 28.309034, "activity_lines": [ 216.077722, 218.682315, 222.326082, 222.12595 ] }, { "date": "2024-10-04", "close": 208.721634, "volume": 6867768, "typical_volume": 20411824.95, "trend": 219.901741, "fair_value": 160.072381, "relative_strength": -14.848712, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -34.563314, "energy": 41.439406, "activity_lines": [ 213.102723, 216.512517, 221.011506, 221.406653 ] }, { "date": "2024-10-11", "close": 208.594681, "volume": 8278226, "typical_volume": 19903570.8, "trend": 220.179651, "fair_value": 160.628533, "relative_strength": -14.60754, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.899243, "energy": 44.170937, "activity_lines": [ 210.892324, 214.643361, 219.773417, 220.677165 ] }, { "date": "2024-10-18", "close": 206.719574, "volume": 6089904, "typical_volume": 19784073.2, "trend": 220.657396, "fair_value": 161.226279, "relative_strength": -14.724659, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.293013, "energy": 55.029163, "activity_lines": [ 208.997041, 212.774665, 218.389943, 219.808773 ] }, { "date": "2024-10-25", "close": 189.023361, "volume": 6844775, "typical_volume": 19251460.1, "trend": 220.698832, "fair_value": 161.681344, "relative_strength": -19.534529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.097661, "energy": 73.55928, "activity_lines": [ 201.921157, 207.965886, 215.299026, 217.767867 ] }, { "date": "2024-11-01", "close": 204.815186, "volume": 4896994, "typical_volume": 18498361.25, "trend": 219.795005, "fair_value": 162.220436, "relative_strength": -13.037082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.494059, "energy": 60.872043, "activity_lines": [ 201.749273, 206.486856, 213.770616, 216.743116 ] }, { "date": "2024-11-08", "close": 200.469269, "volume": 6409729, "typical_volume": 12692591.1, "trend": 218.954265, "fair_value": 162.755753, "relative_strength": -14.223178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.869145, "energy": 58.434235, "activity_lines": [ 200.714067, 204.642949, 211.878177, 215.496294 ] }, { "date": "2024-11-15", "close": 189.85347, "volume": 8235450, "typical_volume": 11633408.85, "trend": 218.159573, "fair_value": 163.309319, "relative_strength": -16.483858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.711008, "energy": 66.42821, "activity_lines": [ 196.690419, 201.239008, 209.170088, 213.618824 ] }, { "date": "2024-11-22", "close": 188.70108, "volume": 4560540, "typical_volume": 10922412.9, "trend": 216.45307, "fair_value": 163.881015, "relative_strength": -18.137106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.647076, "energy": 60.782559, "activity_lines": [ 193.532055, 198.222696, 206.556041, 211.718276 ] }, { "date": "2024-11-29", "close": 218.888184, "volume": 15781376, "typical_volume": 9709611.8, "trend": 216.007145, "fair_value": 164.623855, "relative_strength": -5.903015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.527652, "energy": 25.994976, "activity_lines": [ 201.637292, 201.218412, 207.031172, 211.87538 ] }, { "date": "2024-12-06", "close": 215.811844, "volume": 8795848, "typical_volume": 9449134.45, "trend": 216.069733, "fair_value": 165.320885, "relative_strength": -9.015484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.939103, "energy": 16.48582, "activity_lines": [ 206.726094, 203.559086, 207.329809, 211.86278 ] }, { "date": "2024-12-13", "close": 210.020538, "volume": 6453897, "typical_volume": 8538262.45, "trend": 215.492981, "fair_value": 165.975629, "relative_strength": -11.43869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.288339, "energy": 20.028504, "activity_lines": [ 209.15135, 204.806488, 207.150082, 211.472509 ] }, { "date": "2024-12-20", "close": 199.41452, "volume": 15733388, "typical_volume": 8696578.4, "trend": 214.954604, "fair_value": 166.583603, "relative_strength": -11.413196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.292131, "energy": 23.952625, "activity_lines": [ 207.404515, 204.101906, 206.038857, 210.435189 ] }, { "date": "2024-12-27", "close": 195.898712, "volume": 3557420, "typical_volume": 8301410.65, "trend": 214.748529, "fair_value": 167.142663, "relative_strength": -13.375519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.092986, "energy": 19.150148, "activity_lines": [ 203.848342, 202.924999, 204.72592, 209.205777 ] }, { "date": "2025-01-03", "close": 200.811066, "volume": 9186609, "typical_volume": 8460987.1, "trend": 214.731793, "fair_value": 167.727478, "relative_strength": -11.153837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.695931, "energy": 25.920321, "activity_lines": [ 201.449777, 202.83799, 204.005009, 208.306586 ] }, { "date": "2025-01-10", "close": 190.517578, "volume": 6721990, "typical_volume": 8162197.65, "trend": 213.906129, "fair_value": 168.20617, "relative_strength": -12.852195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.879296, "energy": 47.298606, "activity_lines": [ 196.825191, 200.665115, 202.367719, 206.744378 ] }, { "date": "2025-01-17", "close": 203.975296, "volume": 18031896, "typical_volume": 8562197.55, "trend": 212.65534, "fair_value": 168.77801, "relative_strength": -4.913889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.301263, "energy": 33.736167, "activity_lines": [ 198.372796, 201.199055, 202.191586, 206.103679 ] }, { "date": "2025-01-24", "close": 197.891006, "volume": 9177586, "typical_volume": 8260405.75, "trend": 211.496712, "fair_value": 169.315722, "relative_strength": -6.286419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.057218, "energy": 30.267494, "activity_lines": [ 198.295319, 200.563015, 201.516236, 205.151142 ] }, { "date": "2025-01-31", "close": 200.283707, "volume": 5916755, "typical_volume": 8227203.95, "trend": 210.383289, "fair_value": 169.858164, "relative_strength": -6.046695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.726626, "energy": 25.490906, "activity_lines": [ 199.116978, 200.215874, 201.186885, 204.427722 ] }, { "date": "2025-02-07", "close": 204.795654, "volume": 7103948, "typical_volume": 8211649.5, "trend": 209.098099, "fair_value": 170.425229, "relative_strength": -3.623227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.665917, "energy": 13.103269, "activity_lines": [ 201.150286, 200.478494, 201.369186, 204.067229 ] }, { "date": "2025-02-14", "close": 193.515778, "volume": 7655700, "typical_volume": 8314989.95, "trend": 207.842579, "fair_value": 170.920846, "relative_strength": -6.005164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.41138, "energy": 20.141294, "activity_lines": [ 199.157996, 198.946455, 200.519254, 203.061918 ] }, { "date": "2025-02-21", "close": 184.618835, "volume": 4682242, "typical_volume": 8205713.65, "trend": 206.445658, "fair_value": 171.407025, "relative_strength": -9.43608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.641776, "energy": 33.719448, "activity_lines": [ 194.000178, 196.202173, 198.917609, 201.563612 ] }, { "date": "2025-02-28", "close": 163.611908, "volume": 5818964, "typical_volume": 8082750.55, "trend": 204.320353, "fair_value": 171.728727, "relative_strength": -16.939788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.380063, "energy": 70.425813, "activity_lines": [ 183.130482, 190.100299, 195.430079, 198.800144 ] }, { "date": "2025-03-07", "close": 174.354645, "volume": 7534909, "typical_volume": 8155000.8, "trend": 202.732937, "fair_value": 172.048476, "relative_strength": -12.881558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.025583, "energy": 70.546139, "activity_lines": [ 178.126971, 186.602606, 193.179871, 196.866873 ] }, { "date": "2025-03-14", "close": 167.830872, "volume": 5871270, "typical_volume": 8106325.55, "trend": 201.185921, "fair_value": 172.282539, "relative_strength": -15.266053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.688905, "energy": 76.069025, "activity_lines": [ 172.677474, 182.310483, 190.462471, 194.615127 ] }, { "date": "2025-03-21", "close": 176.903595, "volume": 5492592, "typical_volume": 8136105.45, "trend": 199.475838, "fair_value": 172.580495, "relative_strength": -14.120277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.861699, "energy": 72.676744, "activity_lines": [ 172.716537, 180.267587, 188.710055, 193.048525 ] }, { "date": "2025-03-28", "close": 173.133881, "volume": 10149677, "typical_volume": 8323102.85, "trend": 197.886121, "fair_value": 172.692295, "relative_strength": -16.362802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.278522, "energy": 54.511888, "activity_lines": [ 172.606507, 177.786814, 186.731532, 191.349044 ] }, { "date": "2025-04-04", "close": 174.637863, "volume": 4272560, "typical_volume": 8124958.35, "trend": 196.284151, "fair_value": 172.797108, "relative_strength": -12.861705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.310203, "energy": 42.543014, "activity_lines": [ 173.763468, 176.140246, 185.026413, 189.849157 ] }, { "date": "2025-04-11", "close": 171.512695, "volume": 4390046, "typical_volume": 8116433.65, "trend": 194.75152, "fair_value": 172.897083, "relative_strength": -13.66043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.603146, "energy": 38.180034, "activity_lines": [ 173.143642, 174.34825, 183.096115, 188.250998 ] }, { "date": "2025-04-18", "close": 188.525284, "volume": 6663218, "typical_volume": 7660525.75, "trend": 193.914889, "fair_value": 173.119301, "relative_strength": -8.815502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.76247, "energy": 24.53023, "activity_lines": [ 178.384143, 176.172561, 182.867912, 187.849305 ] }, { "date": "2025-04-25", "close": 182.30426, "volume": 5844501, "typical_volume": 7512958.4, "trend": 192.871866, "fair_value": 173.303935, "relative_strength": -11.903803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.959095, "energy": 18.518195, "activity_lines": [ 180.171342, 177.161602, 182.191817, 187.100233 ] }, { "date": "2025-05-02", "close": 182.196838, "volume": 3644912, "typical_volume": 7372509.15, "trend": 191.987706, "fair_value": 173.530887, "relative_strength": -12.510022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.966711, "energy": 17.196254, "activity_lines": [ 181.562689, 178.334957, 181.66505, 186.411521 ] }, { "date": "2025-05-09", "close": 179.774841, "volume": 5442436, "typical_volume": 6857961.55, "trend": 191.027045, "fair_value": 173.852982, "relative_strength": -12.01765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.472156, "energy": 17.810917, "activity_lines": [ 181.542507, 179.111986, 181.040111, 185.623594 ] }, { "date": "2025-05-16", "close": 200.430191, "volume": 7152736, "typical_volume": 7037727.35, "trend": 190.817399, "fair_value": 174.225485, "relative_strength": -5.425275, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.557987, "energy": 12.304899, "activity_lines": [ 188.064976, 183.350661, 182.475871, 186.230249 ] }, { "date": "2025-05-23", "close": 196.582336, "volume": 6751321, "typical_volume": 6915962.95, "trend": 191.069364, "fair_value": 174.601707, "relative_strength": -6.304063, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.272959, "energy": 21.983188, "activity_lines": [ 191.376994, 186.415625, 183.52359, 186.60218 ] }, { "date": "2025-05-30", "close": 195.25415, "volume": 5323128, "typical_volume": 6846019.85, "trend": 190.750663, "fair_value": 174.900604, "relative_strength": -6.321354, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.370561, "energy": 30.470457, "activity_lines": [ 193.709146, 188.716347, 184.464951, 186.872167 ] }, { "date": "2025-06-06", "close": 204.688217, "volume": 18549515, "typical_volume": 6871900.8, "trend": 190.891295, "fair_value": 175.354303, "relative_strength": -2.684663, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.427903, "energy": 51.514964, "activity_lines": [ 198.322661, 192.398708, 186.28224, 187.771364 ] }, { "date": "2025-06-13", "close": 198.682068, "volume": 6193125, "typical_volume": 6722677.75, "trend": 191.185581, "fair_value": 175.893072, "relative_strength": -4.204218, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.578663, "energy": 44.542542, "activity_lines": [ 199.434701, 194.415326, 187.52412, 188.273994 ] }, { "date": "2025-06-20", "close": 190.791031, "volume": 4706426, "typical_volume": 6662161.3, "trend": 191.255246, "fair_value": 176.323056, "relative_strength": -8.892158, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.572116, "energy": 26.516403, "activity_lines": [ 196.655914, 194.560043, 188.010706, 188.248539 ] }, { "date": "2025-06-27", "close": 197.695679, "volume": 4916637, "typical_volume": 6552795.75, "trend": 190.54883, "fair_value": 176.843461, "relative_strength": -7.105847, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.069764, "energy": 23.418847, "activity_lines": [ 196.821287, 195.609635, 189.20008, 188.664051 ] }, { "date": "2025-07-04", "close": 203.516296, "volume": 5012365, "typical_volume": 6420629.0, "trend": 190.138978, "fair_value": 177.383688, "relative_strength": -3.345367, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.034111, "energy": 24.185484, "activity_lines": [ 198.852643, 197.550787, 190.977609, 189.500662 ] }, { "date": "2025-07-11", "close": 196.572571, "volume": 3886700, "typical_volume": 6380851.9, "trend": 189.690712, "fair_value": 177.84758, "relative_strength": -5.020806, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.404795, "energy": 27.561233, "activity_lines": [ 198.018614, 197.84377, 192.046208, 189.915732 ] }, { "date": "2025-07-18", "close": 197.012054, "volume": 3207713, "typical_volume": 6250289.35, "trend": 189.61063, "fair_value": 178.171507, "relative_strength": -3.771812, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.087613, "energy": 26.931499, "activity_lines": [ 197.872122, 197.955282, 193.099741, 190.388077 ] }, { "date": "2025-07-25", "close": 196.338181, "volume": 4506657, "typical_volume": 6098876.75, "trend": 189.625279, "fair_value": 178.524087, "relative_strength": -3.317821, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.710244, "energy": 24.900007, "activity_lines": [ 197.61234, 197.630868, 193.930047, 190.822112 ] }, { "date": "2025-08-01", "close": 195.25415, "volume": 6571067, "typical_volume": 6133866.6, "trend": 189.440049, "fair_value": 178.866851, "relative_strength": -2.501665, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.031546, "energy": 18.521188, "activity_lines": [ 196.621405, 197.183757, 194.552429, 191.185265 ] }, { "date": "2025-08-08", "close": 208.213791, "volume": 24265788, "typical_volume": 7072526.4, "trend": 190.029922, "fair_value": 179.286095, "relative_strength": 4.971345, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.710514, "energy": 33.489209, "activity_lines": [ 200.113118, 199.117094, 196.278474, 192.396475 ] }, { "date": "2025-08-15", "close": 198.01796, "volume": 5034029, "typical_volume": 6816744.0, "trend": 189.831345, "fair_value": 179.638261, "relative_strength": -1.093768, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.558183, "energy": 27.357163, "activity_lines": [ 199.893055, 198.961013, 196.884393, 192.911832 ] }, { "date": "2025-08-22", "close": 205.26442, "volume": 8723645, "typical_volume": 7039298.25, "trend": 190.077125, "fair_value": 180.004767, "relative_strength": 1.76755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.322657, "energy": 38.719792, "activity_lines": [ 201.99212, 200.243748, 198.061954, 193.907514 ] }, { "date": "2025-08-29", "close": 192.998169, "volume": 4391396, "typical_volume": 7039365.75, "trend": 189.834274, "fair_value": 180.342244, "relative_strength": -2.380973, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.89958, "energy": 25.230251, "activity_lines": [ 199.452276, 199.176576, 197.925461, 194.095969 ] }, { "date": "2025-09-05", "close": 208.789993, "volume": 10806414, "typical_volume": 7246525.55, "trend": 189.967418, "fair_value": 180.778069, "relative_strength": 4.39507, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.589384, "energy": 31.047264, "activity_lines": [ 202.399041, 200.940515, 199.190639, 195.318918 ] }, { "date": "2025-09-12", "close": 203.320007, "volume": 4600000, "typical_volume": 7184300.5, "trend": 190.294226, "fair_value": 181.25895, "relative_strength": 0.265034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.054441, "energy": 28.72178, "activity_lines": [ 202.620088, 201.508197, 199.838367, 196.180375 ] }, { "date": "2025-09-19", "close": 211.039993, "volume": 6057565, "typical_volume": 7304933.15, "trend": 191.174931, "fair_value": 181.853412, "relative_strength": 3.1844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.893944, "energy": 35.233139, "activity_lines": [ 205.740715, 203.483081, 201.121257, 197.518812 ] }, { "date": "2025-09-26", "close": 197.309998, "volume": 4098542, "typical_volume": 7237738.45, "trend": 192.298201, "fair_value": 182.355491, "relative_strength": -0.86095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.48985, "energy": 29.144233, "activity_lines": [ 203.416543, 202.698559, 200.95918, 197.914623 ] }, { "date": "2025-10-03", "close": 199.429993, "volume": 2954617, "typical_volume": 7027832.5, "trend": 193.134046, "fair_value": 182.860671, "relative_strength": -0.681224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.920736, "energy": 21.543907, "activity_lines": [ 202.32933, 202.294073, 200.915507, 198.374738 ] }, { "date": "2025-10-10", "close": 193.940002, "volume": 3223707, "typical_volume": 6851451.8, "trend": 194.00435, "fair_value": 183.345809, "relative_strength": -4.753523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.954758, "energy": 9.693731, "activity_lines": [ 198.983331, 200.835192, 200.35374, 198.426736 ] }, { "date": "2025-10-17", "close": 189.880005, "volume": 3347030, "typical_volume": 6752646.9, "trend": 194.436897, "fair_value": 183.818906, "relative_strength": -8.082606, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.96483, "energy": 13.00105, "activity_lines": [ 195.274, 198.662023, 199.41789, 198.160649 ] }, { "date": "2025-10-24", "close": 191.610001, "volume": 1540500, "typical_volume": 5902196.15, "trend": 195.052768, "fair_value": 184.331061, "relative_strength": -7.465734, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.861622, "energy": 22.5165, "activity_lines": [ 193.037334, 197.136741, 198.672392, 197.978268 ] }, { "date": "2025-10-31", "close": 190.770004, "volume": 3193894, "typical_volume": 5752234.6, "trend": 195.590506, "fair_value": 184.808406, "relative_strength": -7.385545, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.39432, "energy": 34.407232, "activity_lines": [ 191.816002, 195.57524, 197.909171, 197.701961 ] }, { "date": "2025-11-07", "close": 186.789993, "volume": 2803768, "typical_volume": 5657101.7, "trend": 196.099749, "fair_value": 185.26286, "relative_strength": -8.28571, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.383783, "energy": 49.731793, "activity_lines": [ 189.704, 193.553636, 196.804579, 197.134186 ] }, { "date": "2025-11-14", "close": 192.449997, "volume": 12027317, "typical_volume": 6012635.7, "trend": 196.230573, "fair_value": 185.800503, "relative_strength": -6.886711, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.376858, "energy": 36.638534, "activity_lines": [ 190.321332, 192.673999, 196.258087, 196.898718 ] }, { "date": "2025-11-21", "close": 187.949997, "volume": 4621519, "typical_volume": 5993093.4, "trend": 196.418764, "fair_value": 186.234133, "relative_strength": -9.466373, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.290715, "energy": 43.742324, "activity_lines": [ 189.537997, 191.273271, 195.308003, 196.364487 ] }, { "date": "2025-11-28", "close": 184.429993, "volume": 3496325, "typical_volume": 5973574.65, "trend": 196.493203, "fair_value": 186.650734, "relative_strength": -11.183079, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.818213, "energy": 52.162279, "activity_lines": [ 187.709996, 189.511998, 194.096806, 195.591018 ] }, { "date": "2025-12-05", "close": 179.139999, "volume": 3640684, "typical_volume": 5995223.2, "trend": 196.472041, "fair_value": 187.01915, "relative_strength": -13.2755, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.619897, "energy": 64.115613, "activity_lines": [ 184.59733, 187.272725, 192.439621, 194.471457 ] }, { "date": "2025-12-12", "close": 172.179993, "volume": 4987120, "typical_volume": 6019246.35, "trend": 195.530368, "fair_value": 187.265162, "relative_strength": -15.814926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.394997, "energy": 79.62803, "activity_lines": [ 179.939995, 184.09836, 190.204684, 192.904228 ] }, { "date": "2025-12-19", "close": 173.639999, "volume": 4576611, "typical_volume": 5919523.55, "trend": 194.765623, "fair_value": 187.668243, "relative_strength": -14.46754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.988309, "energy": 81.295672, "activity_lines": [ 176.74333, 181.684906, 188.223834, 191.491946 ] }, { "date": "2025-12-26", "close": 177.940002, "volume": 2298144, "typical_volume": 4821141.35, "trend": 194.188485, "fair_value": 187.994589, "relative_strength": -12.304252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.856618, "energy": 79.188102, "activity_lines": [ 176.233998, 180.422361, 186.755433, 190.406422 ] }, { "date": "2026-01-02", "close": 183.910004, "volume": 3667377, "typical_volume": 4752808.75, "trend": 193.495878, "fair_value": 188.327738, "relative_strength": -10.040967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.14197, "energy": 62.39897, "activity_lines": [ 178.382001, 180.462362, 185.999764, 189.743294 ] }, { "date": "2026-01-09", "close": 177.229996, "volume": 4015621, "typical_volume": 4517407.55, "trend": 192.780809, "fair_value": 188.648658, "relative_strength": -10.858893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.53212, "energy": 45.918086, "activity_lines": [ 178.338, 179.427817, 184.675085, 188.693882 ] }, { "date": "2026-01-16", "close": 173.910004, "volume": 2763292, "typical_volume": 4436002.35, "trend": 192.218108, "fair_value": 189.028123, "relative_strength": -12.124865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.659792, "energy": 44.995382, "activity_lines": [ 177.314668, 178.035818, 183.167713, 187.476411 ] }, { "date": "2026-01-23", "close": 173.320007, "volume": 3571683, "typical_volume": 4074265.8, "trend": 191.405586, "fair_value": 189.409051, "relative_strength": -9.793763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.990149, "energy": 43.74468, "activity_lines": [ 175.979337, 176.770728, 181.695047, 186.257179 ] }, { "date": "2026-01-30", "close": 184.490005, "volume": 3868035, "typical_volume": 4037667.55, "trend": 190.771376, "fair_value": 189.873817, "relative_strength": -4.717019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.767922, "energy": 30.880608, "activity_lines": [ 178.388671, 177.884366, 181.455096, 185.811012 ] }, { "date": "2026-02-06", "close": 177.029999, "volume": 2808839, "typical_volume": 3875231.25, "trend": 190.119957, "fair_value": 190.260463, "relative_strength": -9.487044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.622802, "energy": 29.929177, "activity_lines": [ 177.874669, 177.704547, 180.594334, 184.924472 ] }, { "date": "2026-02-13", "close": 174.050003, "volume": 3554292, "typical_volume": 3848018.75, "trend": 189.354555, "fair_value": 190.628006, "relative_strength": -9.867174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.643161, "energy": 34.288028, "activity_lines": [ 176.826003, 177.117457, 179.611715, 183.887701 ] }, { "date": "2026-02-20", "close": 171.979996, "volume": 2594716, "typical_volume": 3830023.7, "trend": 188.542616, "fair_value": 190.978202, "relative_strength": -10.977848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.689382, "energy": 35.529976, "activity_lines": [ 175.299334, 176.246547, 178.542715, 182.766761 ] }, { "date": "2026-02-27", "close": 168.830002, "volume": 2587313, "typical_volume": 3798204.0, "trend": 187.661811, "fair_value": 191.309953, "relative_strength": -11.08963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.369653, "energy": 50.663225, "activity_lines": [ 172.851334, 174.806547, 177.304429, 181.49498 ] }, { "date": "2026-03-06", "close": 157.339996, "volume": 5105516, "typical_volume": 3886128.3, "trend": 185.966018, "fair_value": 191.580287, "relative_strength": -14.389873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.8485, "energy": 76.161996, "activity_lines": [ 166.872665, 171.364909, 175.091429, 179.538734 ] }, { "date": "2026-03-13", "close": 156.070007, "volume": 12516570, "typical_volume": 4434931.8, "trend": 184.567753, "fair_value": 191.857921, "relative_strength": -10.141937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.064228, "energy": 81.015422, "activity_lines": [ 162.280668, 168.066911, 172.912429, 177.609959 ] }, { "date": "2026-03-20", "close": 153.949997, "volume": 5092618, "typical_volume": 4529868.0, "trend": 182.857272, "fair_value": 192.131288, "relative_strength": -11.013316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.077239, "energy": 82.591997, "activity_lines": [ 158.379333, 164.889637, 170.700762, 175.63462 ] }, { "date": "2026-03-27", "close": 144.529999, "volume": 5605537, "typical_volume": 4669956.45, "trend": 181.241666, "fair_value": 192.364372, "relative_strength": -15.154627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.831848, "energy": 89.255603, "activity_lines": [ 152.678, 160.422909, 167.767286, 173.161892 ] }, { "date": "2026-04-03", "close": 151.899994, "volume": 3851431, "typical_volume": 4261162.15, "trend": 179.345333, "fair_value": 192.620519, "relative_strength": -10.193251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.989374, "energy": 76.267275, "activity_lines": [ 151.263331, 157.830363, 165.736952, 171.268881 ] }, { "date": "2026-04-10", "close": 163.759995, "volume": 5293850, "typical_volume": 4294778.7, "trend": 178.026666, "fair_value": 192.923267, "relative_strength": -8.399063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.747827, "energy": 51.011912, "activity_lines": [ 154.930663, 157.783634, 165.029238, 170.263376 ] }, { "date": "2026-04-17", "close": 174.070007, "volume": 5405275, "typical_volume": 4390226.2, "trend": 176.794333, "fair_value": 193.320072, "relative_strength": -3.654725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.14972, "energy": 26.657016, "activity_lines": [ 161.606666, 159.988363, 165.418619, 170.008107 ] }, { "date": "2026-04-24", "close": 172.220001, "volume": 3072821, "typical_volume": 4361833.05, "trend": 175.958, "fair_value": 193.497876, "relative_strength": -2.76638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.125789, "energy": 20.270032, "activity_lines": [ 166.466, 161.910545, 165.681143, 169.712989 ] }, { "date": "2026-05-01", "close": 170.389999, "volume": 1974933, "typical_volume": 4211223.7, "trend": 174.99, "fair_value": 193.597815, "relative_strength": -4.103528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.682004, "energy": 24.285848, "activity_lines": [ 169.497334, 163.533272, 165.802333, 169.353763 ] }, { "date": "2026-05-08", "close": 175.949997, "volume": 3276721, "typical_volume": 4146229.2, "trend": 174.390333, "fair_value": 193.710088, "relative_strength": -1.652159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.628098, "energy": 22.441966, "activity_lines": [ 172.658, 166.195817, 166.461571, 169.415699 ] }, { "date": "2026-05-15", "close": 170.0, "volume": 2778329, "typical_volume": 4170238.45, "trend": 173.727666, "fair_value": 193.820637, "relative_strength": -2.629558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.459549, "energy": 17.841369, "activity_lines": [ 172.232, 167.64709, 166.543143, 169.132451 ] }, { "date": "2026-05-22", "close": 169.080002, "volume": 7539149, "typical_volume": 4363827.05, "trend": 172.976666, "fair_value": 193.978022, "relative_strength": -3.269149, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.800711, "energy": 12.764154, "activity_lines": [ 171.083333, 168.700909, 166.574905, 168.832602 ] }, { "date": "2026-05-29", "close": 163.110001, "volume": 3059087, "typical_volume": 4316000.35, "trend": 172.054666, "fair_value": 194.089562, "relative_strength": -5.768193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.696746, "energy": 13.233937, "activity_lines": [ 168.277334, 168.432727, 166.108714, 168.196043 ] }, { "date": "2026-06-05", "close": 162.539993, "volume": 491960, "typical_volume": 4202433.75, "trend": 171.246333, "fair_value": 194.211724, "relative_strength": -5.06431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.829187, "energy": 19.580626, "activity_lines": [ 165.888665, 167.894363, 165.655475, 167.582193 ] }, { "date": "2026-06-12", "close": 164.339996, "volume": 419460, "typical_volume": 4044822.6, "trend": 170.309333, "fair_value": 194.330566, "relative_strength": -4.783861, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.78738, "energy": 22.717669, "activity_lines": [ 164.623331, 167.355817, 165.427808, 167.136623 ] }, { "date": "2026-06-19", "close": 165.440002, "volume": 867578, "typical_volume": 3894799.75, "trend": 169.559, "fair_value": 194.452381, "relative_strength": -5.528072, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.182983, "energy": 23.877664, "activity_lines": [ 164.498665, 166.79109, 165.347666, 166.822473 ] }, { "date": "2026-06-26", "close": 163.130005, "volume": 0, "typical_volume": 3754357.8, "trend": 168.849, "fair_value": 194.543073, "relative_strength": -6.784723, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.244564, "energy": 28.356906, "activity_lines": [ 163.908001, 165.775818, 165.138238, 166.407699 ] }, { "date": "2026-07-03", "close": 162.380005, "volume": 610924, "typical_volume": 3607189.4, "trend": 168.290334, "fair_value": 194.611477, "relative_strength": -7.716804, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.350937, "energy": 33.104312, "activity_lines": [ 163.464002, 164.823092, 164.923572, 165.990344 ] }, { "date": "2026-07-10", "close": 160.899994, "volume": 2469516, "typical_volume": 3600929.4, "trend": 167.914334, "fair_value": 194.65874, "relative_strength": -8.031118, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.681155, "energy": 37.03605, "activity_lines": [ 162.575334, 163.780182, 164.623523, 165.513548 ] }, { "date": "2026-07-17", "close": 159.149994, "volume": 1862131, "typical_volume": 3564670.3, "trend": 167.431333, "fair_value": 194.704109, "relative_strength": -9.181352, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.217053, "energy": 51.982923, "activity_lines": [ 161.212665, 162.591635, 164.209571, 164.948107 ] }, { "date": "2026-07-24", "close": 154.559998, "volume": 1941090, "typical_volume": 3406449.0, "trend": 166.652, "fair_value": 194.743652, "relative_strength": -9.357702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.688096, "energy": 65.203188, "activity_lines": [ 158.665998, 160.873999, 163.40457, 164.117698 ] }, { "date": "2026-07-31", "close": 158.839996, "volume": 2496196, "typical_volume": 2905430.3, "trend": 165.816333, "fair_value": 194.80597, "relative_strength": -8.851158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.179607, "energy": 58.887937, "activity_lines": [ 158.27133, 160.215271, 163.020427, 163.613698 ] }, { "date": "2026-08-07", "close": 161.220001, "volume": 1625884, "typical_volume": 2732093.6, "trend": 165.282666, "fair_value": 194.94764, "relative_strength": -7.696758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.021365, "energy": 49.41553, "activity_lines": [ 158.955998, 160.175453, 162.849761, 163.31716 ] } ], "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." } } }