{ "ticker": { "uuid": "aa7756a5-5202-438c-ab8c-3e9affde6215", "symbol": "6720", "name": "Major-Power Technology 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -56.46, "architecture_energy": 40.127, "architecture_maturity": 13.804, "architecture_confidence": 95.257, "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": 23.21, "rotation_up": 20.69, "upward_expansion": 5.69, "deceleration": 47.93, "rotation_down": 52.04, "downward_expansion": 79.03 }, "activity_lines": [ 136.733333, 138.018182, 143.488095, 148.363407 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 137.5, "trend_reference": 152.162236, "distance_from_trend": -0.096359, "trend_direction": "Improving", "fair_value": 132.845199, "distance_from_fair_value": 0.035039, "fair_value_direction": "Weakening", "relative_strength": -29.749393, "relative_strength_direction": "Weakening", "price_momentum": -0.12288, "excess_performance": -0.564252, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.096359, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.038639, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.035039, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.246204, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.297494, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.057586, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.12288, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.642685, "read": "Supply-led" } ], "volume": { "latest": 76000, "relative_activity": 0.208355, "balance": 0.642685, "dry_up": 0.516379, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.092308, "annualized_volatility": 0.213005, "from_high_reference": -0.228905, "from_low_reference": 0.26321 }, "levels": { "trend_reference": 152.162236, "fair_value_reference": 132.845199, "structural_low": 125.0, "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": 22, "median_return": 0.003891, "positive_rate": 0.5, "directional_follow_through": 0.454545, "median_excess_return": 0.006242, "regime_survival": 0.818182, "best_return": 0.307377, "worst_return": -0.278571, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.030435, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.062917, "regime_survival": 0.666667, "best_return": 0.369163, "worst_return": -0.237099, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.023973, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.168332, "regime_survival": 0.4, "best_return": 0.14359, "worst_return": -0.397582, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.22431, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.325679, "regime_survival": 0.5, "best_return": -0.137538, "worst_return": -0.311081, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-23", "end": "2024-09-20", "tenure": "Developing", "return": 0.2, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-10-18", "tenure": "New", "return": -0.042714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-29", "tenure": "Developing", "return": -0.053476, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.102639, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-21", "tenure": "Developing", "return": 0.270548, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.20977, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.193548, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-07-11", "tenure": "Developing", "return": -0.156442, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2026-01-16", "tenure": "Extended", "return": -0.083382, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": 0.045902, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-04-24", "tenure": "Developing", "return": 0.052544, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-06-19", "tenure": "Developing", "return": -0.1125, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.014599, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 40.045349, "volume": 305908, "typical_volume": 850931.2, "trend": 26.272852, "fair_value": 26.991492, "relative_strength": 57.53853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.15668, "energy": 66.624617, "activity_lines": [ 39.295802, 37.658262, 33.201759, 29.992539 ] }, { "date": "2023-08-18", "close": 38.835926, "volume": 283733, "typical_volume": 847986.85, "trend": 26.99552, "fair_value": 27.086018, "relative_strength": 53.066283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.33802, "energy": 60.962864, "activity_lines": [ 39.376432, 38.142032, 34.139436, 30.80306 ] }, { "date": "2023-08-25", "close": 42.240223, "volume": 803799, "typical_volume": 880849.6, "trend": 27.825692, "fair_value": 27.219499, "relative_strength": 63.360511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.366071, "energy": 64.232332, "activity_lines": [ 40.284245, 39.122601, 35.311105, 31.786589 ] }, { "date": "2023-09-01", "close": 44.796127, "volume": 276970, "typical_volume": 862567.9, "trend": 28.632063, "fair_value": 27.381427, "relative_strength": 69.457338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.469486, "energy": 77.412969, "activity_lines": [ 41.909645, 40.391149, 36.618902, 32.881456 ] }, { "date": "2023-09-08", "close": 47.845074, "volume": 335273, "typical_volume": 867748.95, "trend": 29.523642, "fair_value": 27.562659, "relative_strength": 79.301196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.018646, "energy": 90.908603, "activity_lines": [ 44.18985, 42.002252, 38.099745, 34.121005 ] }, { "date": "2023-09-15", "close": 45.405918, "volume": 313947, "typical_volume": 874085.05, "trend": 30.281656, "fair_value": 27.705816, "relative_strength": 64.855259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.955844, "energy": 85.845981, "activity_lines": [ 45.074309, 42.930327, 39.213455, 35.145668 ] }, { "date": "2023-09-22", "close": 47.376007, "volume": 393237, "typical_volume": 888694.65, "trend": 31.065026, "fair_value": 27.871735, "relative_strength": 75.634302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.333069, "energy": 88.517735, "activity_lines": [ 46.258094, 44.051539, 40.388587, 36.248529 ] }, { "date": "2023-09-29", "close": 47.376007, "volume": 187774, "typical_volume": 874902.1, "trend": 31.846903, "fair_value": 28.030402, "relative_strength": 73.273025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.375253, "energy": 79.285828, "activity_lines": [ 46.872539, 44.93359, 41.433251, 37.300851 ] }, { "date": "2023-10-06", "close": 47.563637, "volume": 224548, "typical_volume": 842793.05, "trend": 32.720142, "fair_value": 28.175277, "relative_strength": 69.670411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.215251, "energy": 67.259509, "activity_lines": [ 47.207143, 45.719728, 42.365531, 38.314833 ] }, { "date": "2023-10-13", "close": 44.983753, "volume": 448726, "typical_volume": 800392.05, "trend": 33.537247, "fair_value": 28.31615, "relative_strength": 56.0433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.69005, "energy": 62.21538, "activity_lines": [ 46.497284, 45.887884, 42.925867, 39.106034 ] }, { "date": "2023-10-20", "close": 40.809036, "volume": 527031, "typical_volume": 765848.5, "trend": 34.234605, "fair_value": 28.432721, "relative_strength": 42.741335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.480118, "energy": 44.734763, "activity_lines": [ 44.586608, 45.190108, 42.995131, 39.575182 ] }, { "date": "2023-10-27", "close": 40.527596, "volume": 445615, "typical_volume": 686121.25, "trend": 34.922581, "fair_value": 28.549946, "relative_strength": 42.622952, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.31356, "energy": 26.36018, "activity_lines": [ 42.888578, 44.427277, 43.002599, 39.981181 ] }, { "date": "2023-11-03", "close": 40.058525, "volume": 322792, "typical_volume": 627156.55, "trend": 35.600895, "fair_value": 28.668096, "relative_strength": 36.20905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.940743, "energy": 27.616579, "activity_lines": [ 41.490751, 43.548402, 42.925343, 40.312533 ] }, { "date": "2023-11-10", "close": 43.107479, "volume": 415821, "typical_volume": 606701.45, "trend": 36.365909, "fair_value": 28.811937, "relative_strength": 43.144594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.276158, "energy": 24.247818, "activity_lines": [ 41.597074, 43.263549, 43.102565, 40.796828 ] }, { "date": "2023-11-17", "close": 43.482731, "volume": 298855, "typical_volume": 562380.45, "trend": 37.164335, "fair_value": 28.961132, "relative_strength": 38.097115, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.463618, "energy": 15.513264, "activity_lines": [ 42.125558, 43.077627, 43.268096, 41.255978 ] }, { "date": "2023-11-24", "close": 45.077568, "volume": 523231, "typical_volume": 493481.85, "trend": 38.036827, "fair_value": 29.118093, "relative_strength": 40.432153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.514763, "energy": 21.382322, "activity_lines": [ 43.285723, 43.26099, 43.543552, 41.766509 ] }, { "date": "2023-12-01", "close": 50.565681, "volume": 1482942, "typical_volume": 528239.0, "trend": 39.05642, "fair_value": 29.29991, "relative_strength": 53.536035, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.5959, "energy": 46.065088, "activity_lines": [ 45.99069, 44.448162, 44.300018, 42.574822 ] }, { "date": "2023-12-08", "close": 49.533726, "volume": 479574, "typical_volume": 475989.0, "trend": 40.040122, "fair_value": 29.471917, "relative_strength": 48.474056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.628964, "energy": 62.623572, "activity_lines": [ 47.682467, 45.389712, 44.880376, 43.250778 ] }, { "date": "2023-12-15", "close": 50.847122, "volume": 413007, "typical_volume": 452549.8, "trend": 41.033262, "fair_value": 29.655538, "relative_strength": 47.469206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.375685, "energy": 73.647608, "activity_lines": [ 49.180362, 46.53083, 45.54149, 43.948003 ] }, { "date": "2023-12-22", "close": 50.190422, "volume": 297197, "typical_volume": 438999.0, "trend": 41.861173, "fair_value": 29.835687, "relative_strength": 43.807944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.089054, "energy": 73.678664, "activity_lines": [ 49.94338, 47.492849, 46.085425, 44.538788 ] }, { "date": "2023-12-29", "close": 58.258415, "volume": 1007278, "typical_volume": 474067.5, "trend": 42.687763, "fair_value": 30.061409, "relative_strength": 60.582628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.083736, "energy": 82.562141, "activity_lines": [ 52.948551, 49.827108, 47.34495, 45.596675 ] }, { "date": "2024-01-05", "close": 60.416138, "volume": 579059, "typical_volume": 488833.8, "trend": 43.631071, "fair_value": 30.305387, "relative_strength": 66.892855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.313496, "energy": 84.652582, "activity_lines": [ 55.794239, 52.236419, 48.723244, 46.740441 ] }, { "date": "2024-01-12", "close": 60.134697, "volume": 348840, "typical_volume": 466085.85, "trend": 44.551559, "fair_value": 30.551494, "relative_strength": 62.753781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.195288, "energy": 85.622767, "activity_lines": [ 57.889417, 54.232949, 49.971972, 47.805191 ] }, { "date": "2024-01-19", "close": 78.709846, "volume": 1533488, "typical_volume": 528911.75, "trend": 46.070315, "fair_value": 30.908068, "relative_strength": 104.843935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.248055, "energy": 97.728632, "activity_lines": [ 65.469579, 59.241758, 52.904549, 50.008951 ] }, { "date": "2024-01-26", "close": 86.308762, "volume": 1722586, "typical_volume": 598277.4, "trend": 47.791603, "fair_value": 31.315812, "relative_strength": 113.827911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.056087, "energy": 97.859513, "activity_lines": [ 73.725198, 64.984872, 56.399339, 52.60498 ] }, { "date": "2024-02-02", "close": 86.40258, "volume": 688342, "typical_volume": 616997.15, "trend": 49.460773, "fair_value": 31.727599, "relative_strength": 107.140013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.724668, "energy": 95.678989, "activity_lines": [ 79.604201, 69.966389, 59.719904, 55.096011 ] }, { "date": "2024-02-09", "close": 86.308762, "volume": 91285, "typical_volume": 601899.55, "trend": 51.196992, "fair_value": 32.143209, "relative_strength": 100.791023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.063829, "energy": 92.515508, "activity_lines": [ 83.575654, 74.179484, 62.836311, 57.4733 ] }, { "date": "2024-02-16", "close": 92.781929, "volume": 535775, "typical_volume": 619299.6, "trend": 52.948905, "fair_value": 32.60228, "relative_strength": 104.100565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.610007, "energy": 94.313874, "activity_lines": [ 87.978654, 78.919644, 66.383816, 60.1562 ] }, { "date": "2024-02-23", "close": 89.404625, "volume": 737911, "typical_volume": 644967.75, "trend": 54.616611, "fair_value": 33.035277, "relative_strength": 88.985521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.753102, "energy": 86.917811, "activity_lines": [ 89.079403, 82.259419, 69.393455, 62.508182 ] }, { "date": "2024-03-01", "close": 110.700371, "volume": 909958, "typical_volume": 668029.35, "trend": 57.003134, "fair_value": 33.587578, "relative_strength": 125.939815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.428227, "energy": 83.233905, "activity_lines": [ 96.56575, 88.770101, 74.232017, 66.126489 ] }, { "date": "2024-03-08", "close": 119.612694, "volume": 947875, "typical_volume": 689071.55, "trend": 59.655379, "fair_value": 34.156944, "relative_strength": 125.812608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.817539, "energy": 77.161771, "activity_lines": [ 105.396763, 95.801025, 79.606435, 70.165815 ] }, { "date": "2024-03-15", "close": 114.921997, "volume": 1096991, "typical_volume": 721640.35, "trend": 62.191582, "fair_value": 34.711235, "relative_strength": 111.241078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.434137, "energy": 71.481318, "activity_lines": [ 110.450204, 100.863563, 84.158865, 73.731403 ] }, { "date": "2024-03-22", "close": 123.87999, "volume": 938226, "typical_volume": 752412.05, "trend": 64.912907, "fair_value": 35.333273, "relative_strength": 114.294149, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.677811, "energy": 73.18798, "activity_lines": [ 116.582092, 106.56381, 89.210178, 77.711301 ] }, { "date": "2024-03-29", "close": 138.593704, "volume": 507451, "typical_volume": 756993.55, "trend": 68.039493, "fair_value": 36.027016, "relative_strength": 130.324778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.678391, "energy": 75.684464, "activity_lines": [ 125.545349, 113.780274, 95.263647, 82.4649 ] }, { "date": "2024-04-05", "close": 139.542969, "volume": 364119, "typical_volume": 760256.75, "trend": 71.09609, "fair_value": 36.735201, "relative_strength": 123.276343, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.981743, "energy": 73.161146, "activity_lines": [ 131.545755, 120.080533, 100.952826, 87.078028 ] }, { "date": "2024-04-12", "close": 138.593704, "volume": 695973, "typical_volume": 768893.85, "trend": 74.202349, "fair_value": 37.399939, "relative_strength": 110.35837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.874797, "energy": 70.076806, "activity_lines": [ 135.306899, 125.240305, 106.09417, 91.432713 ] }, { "date": "2024-04-19", "close": 129.100983, "volume": 423279, "typical_volume": 715910.7, "trend": 76.926515, "fair_value": 37.975803, "relative_strength": 101.548469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.789089, "energy": 67.14887, "activity_lines": [ 134.638402, 127.725197, 109.886129, 94.97456 ] }, { "date": "2024-04-26", "close": 130.050262, "volume": 468136, "typical_volume": 715338.8, "trend": 79.682323, "fair_value": 38.573485, "relative_strength": 91.158921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.423934, "energy": 64.363509, "activity_lines": [ 133.341066, 129.604645, 113.394519, 98.401899 ] }, { "date": "2024-05-03", "close": 155.205963, "volume": 812324, "typical_volume": 735304.65, "trend": 83.270401, "fair_value": 39.351348, "relative_strength": 117.903767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.949246, "energy": 70.235093, "activity_lines": [ 140.017613, 135.380251, 118.915277, 103.274391 ] }, { "date": "2024-05-10", "close": 151.883514, "volume": 356500, "typical_volume": 738269.8, "trend": 86.833726, "fair_value": 40.105947, "relative_strength": 102.620933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.247947, "energy": 66.216772, "activity_lines": [ 144.479192, 139.355388, 123.622665, 107.701044 ] }, { "date": "2024-05-17", "close": 149.03569, "volume": 256644, "typical_volume": 700738.1, "trend": 90.441282, "fair_value": 40.869575, "relative_strength": 87.979633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.453543, "energy": 63.458536, "activity_lines": [ 147.168793, 142.063954, 127.574579, 111.714074 ] }, { "date": "2024-05-24", "close": 151.408875, "volume": 302668, "typical_volume": 686918.55, "trend": 94.137324, "fair_value": 41.667588, "relative_strength": 83.0776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.870244, "energy": 62.634029, "activity_lines": [ 149.953324, 144.669044, 131.320238, 115.647467 ] }, { "date": "2024-05-31", "close": 156.629868, "volume": 254487, "typical_volume": 682200.9, "trend": 98.023036, "fair_value": 42.505953, "relative_strength": 87.80858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.478859, "energy": 64.376695, "activity_lines": [ 152.990993, 147.560008, 135.129835, 119.679244 ] }, { "date": "2024-06-07", "close": 157.579132, "volume": 155830, "typical_volume": 613318.0, "trend": 101.838757, "fair_value": 43.350402, "relative_strength": 78.409815, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.052443, "energy": 64.351159, "activity_lines": [ 154.57311, 150.028113, 138.570338, 123.521573 ] }, { "date": "2024-06-14", "close": 156.629868, "volume": 166417, "typical_volume": 535509.55, "trend": 105.610329, "fair_value": 44.188766, "relative_strength": 68.176883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.757703, "energy": 63.241671, "activity_lines": [ 155.680594, 151.978436, 141.544866, 127.056483 ] }, { "date": "2024-06-21", "close": 176.564575, "volume": 682237, "typical_volume": 535204.3, "trend": 109.993229, "fair_value": 45.121487, "relative_strength": 78.770384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.037674, "energy": 78.556252, "activity_lines": [ 163.116557, 157.242579, 146.083076, 131.634176 ] }, { "date": "2024-06-28", "close": 188.430481, "volume": 394656, "typical_volume": 550372.85, "trend": 114.588722, "fair_value": 46.146987, "relative_strength": 87.413409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.706421, "energy": 86.418821, "activity_lines": [ 172.672563, 163.97378, 151.322029, 136.694644 ] }, { "date": "2024-07-05", "close": 184.633392, "volume": 270710, "typical_volume": 537119.6, "trend": 119.092044, "fair_value": 47.154045, "relative_strength": 75.182837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.823741, "energy": 85.255707, "activity_lines": [ 178.494765, 168.935884, 155.71306, 141.213655 ] }, { "date": "2024-07-12", "close": 182.260208, "volume": 264387, "typical_volume": 513443.4, "trend": 123.472481, "fair_value": 48.156952, "relative_strength": 66.294007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.161014, "energy": 83.403462, "activity_lines": [ 181.659005, 172.474079, 159.440687, 145.289021 ] }, { "date": "2024-07-19", "close": 211.687637, "volume": 967158, "typical_volume": 516303.4, "trend": 128.855721, "fair_value": 49.32367, "relative_strength": 96.311837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.35981, "energy": 89.834326, "activity_lines": [ 192.986982, 180.87082, 165.528756, 150.980321 ] }, { "date": "2024-07-26", "close": 223.553528, "volume": 332976, "typical_volume": 485558.45, "trend": 134.365558, "fair_value": 50.562518, "relative_strength": 107.712667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.438856, "energy": 90.483072, "activity_lines": [ 204.599738, 190.337648, 172.266018, 157.089857 ] }, { "date": "2024-08-02", "close": 156.155228, "volume": 794769, "typical_volume": 470447.35, "trend": 137.556861, "fair_value": 51.355561, "relative_strength": 45.501273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.269944, "energy": 54.656058, "activity_lines": [ 190.613798, 186.19537, 172.089438, 158.495642 ] }, { "date": "2024-08-09", "close": 162.80014, "volume": 738586, "typical_volume": 460465.35, "trend": 140.979043, "fair_value": 52.209881, "relative_strength": 49.882599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.384169, "energy": 36.397377, "activity_lines": [ 180.994512, 183.174961, 172.349358, 160.124241 ] }, { "date": "2024-08-16", "close": 172.292847, "volume": 171657, "typical_volume": 443675.65, "trend": 144.098476, "fair_value": 53.119644, "relative_strength": 49.34366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.747664, "energy": 21.482126, "activity_lines": [ 175.995011, 181.768312, 173.328012, 162.144486 ] }, { "date": "2024-08-23", "close": 166.122589, "volume": 117732, "typical_volume": 431356.3, "trend": 146.758937, "fair_value": 54.001161, "relative_strength": 42.616655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.069603, "energy": 26.993011, "activity_lines": [ 169.603249, 178.972275, 173.558549, 163.565397 ] }, { "date": "2024-08-30", "close": 171.818207, "volume": 126531, "typical_volume": 402884.2, "trend": 149.606124, "fair_value": 54.917713, "relative_strength": 44.128203, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.776178, "energy": 20.684833, "activity_lines": [ 168.147696, 177.03921, 174.204957, 165.182124 ] }, { "date": "2024-09-06", "close": 182.260208, "volume": 273653, "typical_volume": 395402.9, "trend": 152.804506, "fair_value": 55.896777, "relative_strength": 55.687041, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.436111, "energy": 16.486193, "activity_lines": [ 173.621831, 177.090989, 175.687629, 167.288839 ] }, { "date": "2024-09-13", "close": 191.75293, "volume": 421135, "typical_volume": 393052.85, "trend": 156.103539, "fair_value": 56.90585, "relative_strength": 57.944793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.584939, "energy": 26.703013, "activity_lines": [ 180.519875, 178.980904, 177.821231, 169.801641 ] }, { "date": "2024-09-20", "close": 199.347107, "volume": 245334, "typical_volume": 364703.35, "trend": 159.768289, "fair_value": 57.980973, "relative_strength": 57.918865, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.186841, "energy": 37.272316, "activity_lines": [ 188.019125, 182.122132, 180.384266, 172.591548 ] }, { "date": "2024-09-27", "close": 188.905121, "volume": 430202, "typical_volume": 368388.45, "trend": 162.375114, "fair_value": 58.991754, "relative_strength": 42.705434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.767912, "energy": 41.279294, "activity_lines": [ 190.234096, 183.054146, 181.74263, 174.471344 ] }, { "date": "2024-10-04", "close": 181.310944, "volume": 277160, "typical_volume": 369414.25, "trend": 164.431722, "fair_value": 59.945817, "relative_strength": 37.764235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.420205, "energy": 35.887794, "activity_lines": [ 188.39884, 183.019629, 182.201445, 175.69301 ] }, { "date": "2024-10-11", "close": 179.887024, "volume": 71745, "typical_volume": 357868.1, "trend": 166.597223, "fair_value": 60.9019, "relative_strength": 30.900431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.39338, "energy": 25.401949, "activity_lines": [ 185.456094, 183.494264, 182.370957, 176.690126 ] }, { "date": "2024-10-18", "close": 180.836304, "volume": 98624, "typical_volume": 350074.95, "trend": 168.495767, "fair_value": 61.860698, "relative_strength": 26.200056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.803058, "energy": 15.019519, "activity_lines": [ 182.987986, 183.710008, 182.495267, 177.608777 ] }, { "date": "2024-10-25", "close": 177.513855, "volume": 110633, "typical_volume": 347815.1, "trend": 169.793105, "fair_value": 62.795865, "relative_strength": 22.649765, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.405933, "energy": 13.170394, "activity_lines": [ 180.140171, 182.99374, 182.187884, 178.190589 ] }, { "date": "2024-11-01", "close": 180.361664, "volume": 150726, "typical_volume": 347030.55, "trend": 171.153728, "fair_value": 63.757843, "relative_strength": 25.587326, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.191232, "energy": 13.276103, "activity_lines": [ 179.697176, 182.700328, 182.056794, 178.872432 ] }, { "date": "2024-11-08", "close": 179.887024, "volume": 195534, "typical_volume": 322695.4, "trend": 172.530172, "fair_value": 64.707185, "relative_strength": 19.302813, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.694688, "energy": 13.017675, "activity_lines": [ 179.665532, 182.061726, 181.767492, 179.43587 ] }, { "date": "2024-11-15", "close": 171.818207, "volume": 207364, "typical_volume": 313330.8, "trend": 173.95408, "fair_value": 65.573434, "relative_strength": 16.259504, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.777743, "energy": 8.303747, "activity_lines": [ 177.039209, 179.80936, 180.69391, 179.389937 ] }, { "date": "2024-11-22", "close": 164.224045, "volume": 224287, "typical_volume": 311009.65, "trend": 175.093206, "fair_value": 66.405262, "relative_strength": 8.867274, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.047511, "energy": 32.502304, "activity_lines": [ 172.419421, 176.366092, 178.97618, 178.762193 ] }, { "date": "2024-11-29", "close": 168.021133, "volume": 181131, "typical_volume": 306846.85, "trend": 175.520378, "fair_value": 67.234726, "relative_strength": 13.06129, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.400018, "energy": 40.211392, "activity_lines": [ 170.172812, 174.113729, 177.717265, 178.30593 ] }, { "date": "2024-12-06", "close": 161.850861, "volume": 1645950, "typical_volume": 340786.45, "trend": 175.852623, "fair_value": 68.026711, "relative_strength": 3.309814, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.200225, "energy": 50.814426, "activity_lines": [ 166.502294, 171.309062, 175.93851, 177.424025 ] }, { "date": "2024-12-13", "close": 154.256683, "volume": 1045000, "typical_volume": 376387.65, "trend": 176.026656, "fair_value": 68.77546, "relative_strength": -1.866851, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.417352, "energy": 61.344145, "activity_lines": [ 161.534437, 167.61553, 173.673818, 176.030739 ] }, { "date": "2024-12-20", "close": 145.238602, "volume": 306000, "typical_volume": 351949.2, "trend": 175.82098, "fair_value": 69.464845, "relative_strength": -6.457918, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.003445, "energy": 78.47478, "activity_lines": [ 155.269242, 162.774244, 170.880246, 174.044413 ] }, { "date": "2024-12-27", "close": 138.593704, "volume": 203000, "typical_volume": 325169.9, "trend": 175.219775, "fair_value": 70.114227, "relative_strength": -14.319313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.846765, "energy": 86.247756, "activity_lines": [ 148.561055, 157.354765, 167.505811, 171.642653 ] }, { "date": "2025-01-03", "close": 147.137146, "volume": 223000, "typical_volume": 327737.05, "trend": 174.871709, "fair_value": 70.818116, "relative_strength": -8.333329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.060838, "energy": 79.964646, "activity_lines": [ 146.409372, 154.256686, 165.060305, 169.830871 ] }, { "date": "2025-01-10", "close": 149.984955, "volume": 763000, "typical_volume": 360000.45, "trend": 174.650212, "fair_value": 71.543889, "relative_strength": -7.760385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.437782, "energy": 71.320945, "activity_lines": [ 146.599224, 152.228695, 163.005809, 168.225274 ] }, { "date": "2025-01-17", "close": 141.441513, "volume": 173000, "typical_volume": 362323.9, "trend": 173.479443, "fair_value": 72.218267, "relative_strength": -13.915049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.194776, "energy": 60.566037, "activity_lines": [ 144.732322, 149.199654, 160.214497, 166.082777 ] }, { "date": "2025-01-24", "close": 154.731323, "volume": 2231000, "typical_volume": 460191.25, "trend": 172.356138, "fair_value": 72.983799, "relative_strength": -7.781967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.143337, "energy": 39.553743, "activity_lines": [ 148.149702, 149.285952, 158.833533, 164.873221 ] }, { "date": "2025-02-07", "close": 168.495773, "volume": 1263971, "typical_volume": 502333.05, "trend": 171.818217, "fair_value": 73.830047, "relative_strength": -0.02183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.32341, "energy": 19.307556, "activity_lines": [ 155.522383, 152.185548, 158.894558, 164.624165 ] }, { "date": "2025-02-14", "close": 165.173309, "volume": 311288, "typical_volume": 505630.75, "trend": 171.248654, "fair_value": 74.659922, "relative_strength": -1.240331, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.311786, "energy": 18.11725, "activity_lines": [ 159.794106, 154.403391, 158.749906, 164.195461 ] }, { "date": "2025-02-21", "close": 176.089951, "volume": 627048, "typical_volume": 515473.05, "trend": 170.062064, "fair_value": 75.560036, "relative_strength": 2.062629, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.197001, "energy": 17.978256, "activity_lines": [ 166.502298, 158.657858, 159.807667, 164.507803 ] }, { "date": "2025-02-28", "close": 165.173309, "volume": 256032, "typical_volume": 514416.65, "trend": 168.116057, "fair_value": 76.395096, "relative_strength": -2.082788, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.823732, "energy": 19.371816, "activity_lines": [ 167.831276, 160.668587, 159.886773, 164.192399 ] }, { "date": "2025-03-07", "close": 164.698669, "volume": 201026, "typical_volume": 520880.7, "trend": 168.400838, "fair_value": 77.233337, "relative_strength": -0.679072, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.189335, "energy": 15.854035, "activity_lines": [ 167.419922, 162.394535, 159.997521, 163.971923 ] }, { "date": "2025-03-14", "close": 159.952316, "volume": 330182, "typical_volume": 532458.6, "trend": 168.305911, "fair_value": 78.052041, "relative_strength": -1.191261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.175246, "energy": 12.397818, "activity_lines": [ 164.76196, 162.903689, 159.72856, 163.426857 ] }, { "date": "2025-03-21", "close": 161.850861, "volume": 294092, "typical_volume": 541631.55, "trend": 167.957845, "fair_value": 78.884211, "relative_strength": -1.476132, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.945385, "energy": 9.889458, "activity_lines": [ 163.30641, 163.369696, 159.739861, 163.010402 ] }, { "date": "2025-03-28", "close": 159.952316, "volume": 562141, "typical_volume": 562202.3, "trend": 167.752169, "fair_value": 79.699545, "relative_strength": -0.231598, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.543204, "energy": 13.991414, "activity_lines": [ 161.439508, 163.22299, 159.644934, 162.493916 ] }, { "date": "2025-04-04", "close": 153.307419, "volume": 127080, "typical_volume": 558779.6, "trend": 167.135143, "fair_value": 80.473579, "relative_strength": -3.101033, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.679037, "energy": 22.177939, "activity_lines": [ 158.433483, 161.686896, 159.014346, 161.561997 ] }, { "date": "2025-04-11", "close": 130.524887, "volume": 420000, "typical_volume": 569411.4, "trend": 165.410632, "fair_value": 81.101053, "relative_strength": -9.984464, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.607769, "energy": 54.880761, "activity_lines": [ 148.62434, 155.79278, 156.340564, 159.200045 ] }, { "date": "2025-04-18", "close": 132.423431, "volume": 182131, "typical_volume": 567303.6, "trend": 163.432982, "fair_value": 81.741735, "relative_strength": -8.079728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.238701, "energy": 68.485907, "activity_lines": [ 141.726297, 150.683971, 154.04423, 157.071839 ] }, { "date": "2025-04-25", "close": 142.865417, "volume": 205231, "typical_volume": 568508.6, "trend": 161.550259, "fair_value": 82.455315, "relative_strength": -3.359881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.798943, "energy": 64.445847, "activity_lines": [ 140.144175, 148.129566, 152.893802, 155.744899 ] }, { "date": "2025-05-02", "close": 161.376221, "volume": 854082, "typical_volume": 528915.2, "trend": 160.632629, "fair_value": 83.291184, "relative_strength": 4.007746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.722732, "energy": 50.511346, "activity_lines": [ 145.998017, 149.346359, 153.626097, 155.733671 ] }, { "date": "2025-05-09", "close": 156.629868, "volume": 405241, "typical_volume": 496927.25, "trend": 159.809926, "fair_value": 84.109331, "relative_strength": 0.371385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.346033, "energy": 20.582164, "activity_lines": [ 150.174815, 149.967702, 153.908619, 155.475428 ] }, { "date": "2025-05-16", "close": 158.053772, "volume": 372117, "typical_volume": 500233.1, "trend": 159.082151, "fair_value": 84.93842, "relative_strength": -2.997433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.971695, "energy": 15.744679, "activity_lines": [ 154.604751, 151.003271, 154.315449, 155.362128 ] }, { "date": "2025-05-23", "close": 154.731323, "volume": 344560, "typical_volume": 507311.1, "trend": 158.211985, "fair_value": 85.74699, "relative_strength": -4.230326, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.690825, "energy": 19.854297, "activity_lines": [ 156.091944, 151.555575, 154.344832, 155.081429 ] }, { "date": "2025-05-30", "close": 149.03569, "volume": 157339, "typical_volume": 504028.05, "trend": 157.262713, "fair_value": 86.517494, "relative_strength": -6.428393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.467926, "energy": 16.239874, "activity_lines": [ 154.193401, 151.167237, 153.754927, 154.48941 ] }, { "date": "2025-06-06", "close": 151.408875, "volume": 211040, "typical_volume": 476430.05, "trend": 156.29762, "fair_value": 87.302173, "relative_strength": -6.215207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.315033, "energy": 12.308511, "activity_lines": [ 152.674568, 151.443389, 153.381999, 154.111743 ] }, { "date": "2025-06-13", "close": 156.629868, "volume": 655200, "typical_volume": 500540.05, "trend": 155.522382, "fair_value": 88.115394, "relative_strength": -4.765626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.675962, "energy": 9.365407, "activity_lines": [ 153.560555, 152.824149, 153.499529, 154.133178 ] }, { "date": "2025-06-20", "close": 151.408875, "volume": 213442, "typical_volume": 399662.15, "trend": 154.84207, "fair_value": 88.888926, "relative_strength": -7.804609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.109004, "energy": 14.097008, "activity_lines": [ 152.706212, 153.195229, 153.047495, 153.867791 ] }, { "date": "2025-06-27", "close": 145.713242, "volume": 249033, "typical_volume": 348915.25, "trend": 154.225044, "fair_value": 89.64202, "relative_strength": -13.116765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.809318, "energy": 19.349826, "activity_lines": [ 150.396317, 152.15103, 152.068841, 153.278834 ] }, { "date": "2025-07-04", "close": 141.916153, "volume": 190002, "typical_volume": 342850.95, "trend": 153.354878, "fair_value": 90.372071, "relative_strength": -14.842482, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.809763, "energy": 35.819494, "activity_lines": [ 147.421931, 150.174819, 150.837048, 152.484712 ] }, { "date": "2025-07-11", "close": 130.524887, "volume": 404013, "typical_volume": 331699.2, "trend": 152.310679, "fair_value": 91.037657, "relative_strength": -21.951929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.221197, "energy": 65.721259, "activity_lines": [ 141.125093, 146.144728, 148.631121, 151.01181 ] }, { "date": "2025-07-18", "close": 131.474167, "volume": 67102, "typical_volume": 322252.7, "trend": 151.551261, "fair_value": 91.718401, "relative_strength": -23.107557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.175433, "energy": 72.099762, "activity_lines": [ 136.536947, 142.848166, 146.732577, 149.667519 ] }, { "date": "2025-07-25", "close": 129.100983, "volume": 76176, "typical_volume": 316010.2, "trend": 151.013341, "fair_value": 92.416082, "relative_strength": -23.686131, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.894511, "energy": 78.929479, "activity_lines": [ 132.834786, 139.577493, 144.768489, 148.219113 ] }, { "date": "2025-08-01", "close": 129.575617, "volume": 387945, "typical_volume": 318898.35, "trend": 150.712738, "fair_value": 93.106434, "relative_strength": -22.694506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.257945, "energy": 78.729718, "activity_lines": [ 130.77803, 136.919532, 143.019116, 146.836035 ] }, { "date": "2025-08-08", "close": 125.778526, "volume": 240106, "typical_volume": 316199.05, "trend": 150.000784, "fair_value": 93.770891, "relative_strength": -26.401308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.016706, "energy": 79.55944, "activity_lines": [ 128.531418, 134.028566, 141.052767, 145.227376 ] }, { "date": "2025-08-15", "close": 119.608261, "volume": 350562, "typical_volume": 305620.1, "trend": 148.988227, "fair_value": 94.388535, "relative_strength": -30.410826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.45808, "energy": 81.477165, "activity_lines": [ 125.303893, 130.438592, 138.670546, 143.266568 ] }, { "date": "2025-08-22", "close": 123.40535, "volume": 194575, "typical_volume": 308994.85, "trend": 148.387022, "fair_value": 95.037261, "relative_strength": -25.972346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.416482, "energy": 73.708902, "activity_lines": [ 124.069839, 128.11719, 136.842068, 141.61606 ] }, { "date": "2025-08-29", "close": 126.253166, "volume": 200243, "typical_volume": 298007.0, "trend": 147.43775, "fair_value": 95.696204, "relative_strength": -25.259979, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.760433, "energy": 62.42508, "activity_lines": [ 124.322979, 126.917656, 135.427201, 140.188069 ] }, { "date": "2025-09-05", "close": 120.511566, "volume": 756330, "typical_volume": 326716.95, "trend": 145.838277, "fair_value": 96.303565, "relative_strength": -28.871848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.437454, "energy": 55.5291, "activity_lines": [ 122.852106, 125.131571, 133.485856, 138.450896 ] }, { "date": "2025-09-12", "close": 134.228333, "volume": 458200, "typical_volume": 339365.4, "trend": 144.806777, "fair_value": 96.998325, "relative_strength": -23.132787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.756437, "energy": 37.49229, "activity_lines": [ 126.557759, 126.297655, 132.907594, 137.701867 ] }, { "date": "2025-09-19", "close": 130.30925, "volume": 233090, "typical_volume": 308315.8, "trend": 143.280754, "fair_value": 97.669972, "relative_strength": -24.896371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.563152, "energy": 29.479853, "activity_lines": [ 128.393731, 126.890958, 131.997214, 136.766543 ] }, { "date": "2025-09-26", "close": 130.799133, "volume": 282260, "typical_volume": 302166.75, "trend": 142.134948, "fair_value": 98.347631, "relative_strength": -23.780779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.766017, "energy": 23.117877, "activity_lines": [ 129.679597, 127.577251, 131.281428, 135.961277 ] }, { "date": "2025-10-03", "close": 131.289017, "volume": 91041, "typical_volume": 288112.95, "trend": 141.021293, "fair_value": 99.02843, "relative_strength": -26.15725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.553697, "energy": 21.639536, "activity_lines": [ 130.63584, 128.364887, 130.7353, 135.261539 ] }, { "date": "2025-10-10", "close": 128.8396, "volume": 170425, "typical_volume": 279406.2, "trend": 139.984202, "fair_value": 99.718222, "relative_strength": -28.262288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.432357, "energy": 17.512194, "activity_lines": [ 130.439887, 128.667392, 130.083347, 134.475624 ] }, { "date": "2025-10-17", "close": 124.430641, "volume": 163327, "typical_volume": 279705.6, "trend": 138.736862, "fair_value": 100.375731, "relative_strength": -30.044009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.536435, "energy": 25.086906, "activity_lines": [ 128.219078, 128.18165, 129.134786, 133.472168 ] }, { "date": "2025-10-24", "close": 123.940758, "volume": 385074, "typical_volume": 288407.3, "trend": 137.536477, "fair_value": 101.05422, "relative_strength": -30.242806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.13271, "energy": 31.596024, "activity_lines": [ 126.488155, 127.631346, 128.256737, 132.517581 ] }, { "date": "2025-10-31", "close": 126.880058, "volume": 239723, "typical_volume": 267633.45, "trend": 136.655564, "fair_value": 101.756144, "relative_strength": -29.710599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.436386, "energy": 31.334646, "activity_lines": [ 126.161564, 127.536687, 127.789421, 131.83007 ] }, { "date": "2025-11-07", "close": 125.900291, "volume": 131488, "typical_volume": 263535.75, "trend": 136.501411, "fair_value": 102.451214, "relative_strength": -28.057488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.44462, "energy": 31.653354, "activity_lines": [ 125.769656, 127.200712, 127.370461, 131.136181 ] }, { "date": "2025-11-14", "close": 125.900291, "volume": 183876, "typical_volume": 260277.9, "trend": 136.283973, "fair_value": 103.144847, "relative_strength": -26.713348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.132222, "energy": 28.721102, "activity_lines": [ 125.736997, 126.871154, 127.072969, 130.452238 ] }, { "date": "2025-11-21", "close": 122.4711, "volume": 197527, "typical_volume": 260654.15, "trend": 135.604163, "fair_value": 103.817648, "relative_strength": -25.44551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.698653, "energy": 30.677642, "activity_lines": [ 124.757227, 125.820129, 126.543236, 129.561085 ] }, { "date": "2025-11-28", "close": 122.4711, "volume": 124359, "typical_volume": 246671.45, "trend": 134.307325, "fair_value": 104.49131, "relative_strength": -28.051686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.664888, "energy": 31.733336, "activity_lines": [ 123.908094, 124.982872, 126.106098, 128.713791 ] }, { "date": "2025-12-05", "close": 126.880058, "volume": 199757, "typical_volume": 253304.2, "trend": 133.315665, "fair_value": 105.18663, "relative_strength": -25.707078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.758049, "energy": 26.887151, "activity_lines": [ 124.626591, 125.089755, 126.127212, 128.234612 ] }, { "date": "2025-12-12", "close": 123.450867, "volume": 129159, "typical_volume": 255953.35, "trend": 132.162235, "fair_value": 105.85681, "relative_strength": -27.679072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.546742, "energy": 29.881729, "activity_lines": [ 124.202024, 124.644405, 125.843613, 127.598173 ] }, { "date": "2025-12-19", "close": 122.4711, "volume": 195157, "typical_volume": 246313.95, "trend": 131.086894, "fair_value": 106.526451, "relative_strength": -26.420794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.500828, "energy": 29.094202, "activity_lines": [ 123.614163, 124.163428, 125.493608, 126.972939 ] }, { "date": "2025-12-26", "close": 121.491333, "volume": 154239, "typical_volume": 242020.6, "trend": 130.168749, "fair_value": 107.196991, "relative_strength": -28.705425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.61073, "energy": 30.336697, "activity_lines": [ 122.928325, 123.620102, 125.084123, 126.35387 ] }, { "date": "2026-01-02", "close": 119.531792, "volume": 170259, "typical_volume": 233005.45, "trend": 129.106179, "fair_value": 107.855831, "relative_strength": -31.336069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.933497, "energy": 43.365114, "activity_lines": [ 121.654626, 122.773937, 124.508431, 125.667615 ] }, { "date": "2026-01-09", "close": 115.612717, "volume": 429331, "typical_volume": 244743.25, "trend": 127.738941, "fair_value": 108.487252, "relative_strength": -35.098209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.660278, "energy": 58.914179, "activity_lines": [ 119.270521, 121.295377, 123.559857, 124.797069 ] }, { "date": "2026-01-16", "close": 120.511566, "volume": 365363, "typical_volume": 252999.25, "trend": 126.709031, "fair_value": 109.151511, "relative_strength": -34.183005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.925587, "energy": 49.609426, "activity_lines": [ 119.270523, 120.912377, 123.114948, 124.330787 ] }, { "date": "2026-01-23", "close": 149.414749, "volume": 1236742, "typical_volume": 277019.85, "trend": 126.832414, "fair_value": 109.999324, "relative_strength": -19.427498, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.400249, "energy": 22.576063, "activity_lines": [ 129.100872, 125.882478, 125.450065, 125.795672 ] }, { "date": "2026-01-30", "close": 156.273132, "volume": 973973, "typical_volume": 302808.5, "trend": 127.31098, "fair_value": 110.889953, "relative_strength": -15.520844, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.066008, "energy": 79.509802, "activity_lines": [ 139.421105, 131.672023, 128.300726, 127.695073 ] }, { "date": "2026-02-06", "close": 156.763016, "volume": 1151078, "typical_volume": 348707.9, "trend": 128.185585, "fair_value": 111.762761, "relative_strength": -13.862824, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.00325, "energy": 86.341687, "activity_lines": [ 147.585847, 136.936054, 131.093068, 129.595204 ] }, { "date": "2026-02-13", "close": 163.1315, "volume": 705236, "typical_volume": 369856.7, "trend": 129.240829, "fair_value": 112.673234, "relative_strength": -14.571338, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.497578, "energy": 91.307374, "activity_lines": [ 155.391335, 142.734503, 134.365961, 131.84978 ] }, { "date": "2026-02-27", "close": 169.989883, "volume": 1316244, "typical_volume": 431116.85, "trend": 130.603792, "fair_value": 113.617621, "relative_strength": -14.770541, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.830437, "energy": 93.197441, "activity_lines": [ 162.315032, 149.120813, 138.138071, 134.478751 ] }, { "date": "2026-03-06", "close": 165.091049, "volume": 920274, "typical_volume": 468609.3, "trend": 131.78764, "fair_value": 114.522853, "relative_strength": -12.079641, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.161705, "energy": 85.818382, "activity_lines": [ 164.307229, 153.770262, 141.259335, 136.703735 ] }, { "date": "2026-03-13", "close": 160.1922, "volume": 666555, "typical_volume": 493770.7, "trend": 132.934763, "fair_value": 115.396394, "relative_strength": -13.435271, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.586546, "energy": 69.771077, "activity_lines": [ 163.621391, 156.754103, 143.741416, 138.536287 ] }, { "date": "2026-03-20", "close": 166.5, "volume": 705104, "typical_volume": 509772.2, "trend": 134.497821, "fair_value": 116.326737, "relative_strength": -9.685242, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.779636, "energy": 60.2639, "activity_lines": [ 164.776881, 160.181165, 146.653946, 140.701787 ] }, { "date": "2026-03-27", "close": 171.0, "volume": 848877, "typical_volume": 540229.9, "trend": 136.084309, "fair_value": 117.291669, "relative_strength": -5.332796, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.109399, "energy": 56.821855, "activity_lines": [ 166.783239, 163.572441, 149.792385, 143.056766 ] }, { "date": "2026-04-03", "close": 165.0, "volume": 652173, "typical_volume": 566264.15, "trend": 137.37587, "fair_value": 118.221873, "relative_strength": -6.36772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.894244, "energy": 48.43855, "activity_lines": [ 166.26503, 164.865767, 152.149301, 144.922294 ] }, { "date": "2026-04-10", "close": 165.0, "volume": 310008, "typical_volume": 572570.75, "trend": 138.858818, "fair_value": 119.152076, "relative_strength": -13.105581, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.509969, "energy": 45.207557, "activity_lines": [ 166.07948, 165.350212, 154.320027, 146.704496 ] }, { "date": "2026-04-17", "close": 162.5, "volume": 313689, "typical_volume": 578378.85, "trend": 139.801207, "fair_value": 120.067402, "relative_strength": -16.970487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.82591, "energy": 36.141798, "activity_lines": [ 165.066667, 165.096743, 156.066469, 148.229734 ] }, { "date": "2026-04-24", "close": 165.0, "volume": 457567, "typical_volume": 595039.25, "trend": 140.957565, "fair_value": 120.995882, "relative_strength": -19.547926, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.288202, "energy": 30.942144, "activity_lines": [ 164.733333, 165.184604, 157.860393, 149.855463 ] }, { "date": "2026-05-01", "close": 160.0, "volume": 274494, "typical_volume": 598776.1, "trend": 141.930927, "fair_value": 121.896331, "relative_strength": -21.087398, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.068739, "energy": 27.478122, "activity_lines": [ 162.833333, 164.213611, 158.975607, 151.084007 ] }, { "date": "2026-05-08", "close": 163.0, "volume": 408500, "typical_volume": 612743.15, "trend": 142.98796, "fair_value": 122.820031, "relative_strength": -23.69798, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.078957, "energy": 24.385321, "activity_lines": [ 162.666667, 163.845008, 160.218822, 152.443302 ] }, { "date": "2026-05-15", "close": 158.5, "volume": 431330, "typical_volume": 624551.8, "trend": 143.97664, "fair_value": 123.707994, "relative_strength": -23.990757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.25572, "energy": 20.470025, "activity_lines": [ 161.133333, 162.785313, 160.845136, 153.444079 ] }, { "date": "2026-05-22", "close": 156.0, "volume": 877142, "typical_volume": 660696.95, "trend": 145.028952, "fair_value": 124.579643, "relative_strength": -26.134532, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.190001, "energy": 16.593987, "activity_lines": [ 159.2, 161.390909, 161.061789, 154.219779 ] }, { "date": "2026-05-29", "close": 146.5, "volume": 676269, "typical_volume": 685997.45, "trend": 145.780927, "fair_value": 125.383791, "relative_strength": -33.463819, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.300045, "energy": 9.436856, "activity_lines": [ 154.533333, 158.345455, 160.209353, 154.314685 ] }, { "date": "2026-06-05", "close": 148.5, "volume": 408319, "typical_volume": 684946.85, "trend": 146.501591, "fair_value": 126.173194, "relative_strength": -32.082995, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.335072, "energy": 15.183566, "activity_lines": [ 151.766667, 156.027273, 159.418973, 154.49011 ] }, { "date": "2026-06-12", "close": 149.0, "volume": 589085, "typical_volume": 696132.95, "trend": 147.271582, "fair_value": 126.913831, "relative_strength": -29.451392, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.269185, "energy": 17.127815, "activity_lines": [ 149.933333, 154.209091, 158.519606, 154.651297 ] }, { "date": "2026-06-19", "close": 142.0, "volume": 198159, "typical_volume": 644203.8, "trend": 147.808239, "fair_value": 127.61821, "relative_strength": -35.032682, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.050274, "energy": 38.130245, "activity_lines": [ 146.7, 151.409091, 156.817913, 154.311195 ] }, { "date": "2026-06-26", "close": 137.0, "volume": 239653, "typical_volume": 607487.8, "trend": 148.292535, "fair_value": 128.287953, "relative_strength": -33.628052, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.367066, "energy": 50.478298, "activity_lines": [ 142.9, 148.118182, 154.675337, 153.613889 ] }, { "date": "2026-07-03", "close": 144.0, "volume": 412325, "typical_volume": 570550.15, "trend": 149.010165, "fair_value": 128.998548, "relative_strength": -32.586019, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.851634, "energy": 40.458003, "activity_lines": [ 142.7, 146.563636, 153.291206, 153.336952 ] }, { "date": "2026-07-10", "close": 140.5, "volume": 145018, "typical_volume": 542539.25, "trend": 149.464163, "fair_value": 129.676945, "relative_strength": -31.230739, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.222996, "energy": 42.550997, "activity_lines": [ 141.5, 144.754545, 151.634517, 152.787909 ] }, { "date": "2026-07-17", "close": 138.5, "volume": 148075, "typical_volume": 484130.8, "trend": 149.965801, "fair_value": 130.331897, "relative_strength": -27.172149, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.112753, "energy": 39.324007, "activity_lines": [ 140.166667, 142.936364, 149.895121, 152.080543 ] }, { "date": "2026-07-24", "close": 135.0, "volume": 107000, "typical_volume": 443467.1, "trend": 150.383431, "fair_value": 130.977908, "relative_strength": -29.846038, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.832287, "energy": 35.35546, "activity_lines": [ 138.366667, 140.927273, 147.972344, 151.115008 ] }, { "date": "2026-07-31", "close": 135.0, "volume": 443288, "typical_volume": 432303.75, "trend": 150.83372, "fair_value": 131.585443, "relative_strength": -28.225621, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.344949, "energy": 48.441318, "activity_lines": [ 137.033333, 139.345455, 146.192857, 150.122528 ] }, { "date": "2026-08-07", "close": 137.5, "volume": 127133, "typical_volume": 403405.2, "trend": 151.43266, "fair_value": 132.21446, "relative_strength": -27.956184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.914975, "energy": 43.128956, "activity_lines": [ 136.666667, 138.6, 144.771429, 149.262288 ] }, { "date": "2026-08-14", "close": 137.5, "volume": 76000, "typical_volume": 364761.35, "trend": 152.162236, "fair_value": 132.845199, "relative_strength": -29.749393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.460047, "energy": 40.126826, "activity_lines": [ 136.733333, 138.018182, 143.488095, 148.363407 ] } ], "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." } } }