{ "ticker": { "uuid": "aa98c432-571b-4bdc-b555-e27a49a7d32b", "symbol": "FINOPB", "name": "Fino Payments Bank 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": 84.19, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -0.746, "architecture_energy": 24.343, "architecture_maturity": 89.793, "architecture_confidence": 35.817, "architecture_tenure": "Extended", "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": 46.94, "rotation_up": 43.89, "upward_expansion": 34.73, "deceleration": 38.55, "rotation_down": 20.14, "downward_expansion": 47.73 }, "activity_lines": [ 159.640002, 154.354184, 145.330288, 147.980819 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 154.960007, "trend_reference": 160.109335, "distance_from_trend": -0.032161, "trend_direction": "Weakening", "fair_value": 272.387565, "distance_from_fair_value": -0.431105, "fair_value_direction": "Improving", "relative_strength": -25.222112, "relative_strength_direction": "Improving", "price_momentum": -0.338597, "excess_performance": -0.294888, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.032161, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.206443, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.431105, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.100219, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.252221, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.179083, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.338597, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 7.636675, "read": "Demand-led" } ], "volume": { "latest": 1944708, "relative_activity": 0.179786, "balance": 7.636675, "dry_up": 4.055362, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.110351, "annualized_volatility": 0.629173, "from_high_reference": -0.542891, "from_low_reference": 0.408343 }, "levels": { "trend_reference": 160.109335, "fair_value_reference": 272.387565, "structural_low": 110.029999, "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": 16, "median_return": 0.015782, "positive_rate": 0.5625, "directional_follow_through": 0.4375, "median_excess_return": 0.013176, "regime_survival": 0.75, "best_return": 0.200355, "worst_return": -0.227614, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.109732, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.076551, "regime_survival": 0.428571, "best_return": 0.751042, "worst_return": -0.380983, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.008439, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.089519, "regime_survival": 0.25, "best_return": 0.302673, "worst_return": -0.241906, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.18674, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.042956, "regime_survival": 0.0, "best_return": 0.378955, "worst_return": -0.005475, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-02-02", "end": "2024-03-15", "tenure": "Developing", "return": -0.063761, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-22", "end": "2024-06-07", "tenure": "Developing", "return": -0.054915, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": 0.157045, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-08-09", "tenure": "Developing", "return": 0.226878, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-16", "end": "2024-11-01", "tenure": "Developing", "return": 0.08638, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-27", "tenure": "Developing", "return": -0.12849, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-17", "tenure": "New", "return": -0.145412, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-05-23", "tenure": "Established", "return": -0.139725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": 0.219758, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-08-08", "tenure": "Developing", "return": -0.122984, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-10-10", "tenure": "Developing", "return": 0.20032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-12-12", "tenure": "Developing", "return": -0.184431, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-09", "tenure": "New", "return": -0.082094, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-08-07", "tenure": "Extended", "return": -0.325674, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 356.950012, "volume": 1084736, "typical_volume": 1331543.2, "trend": 243.55, "fair_value": 273.12312, "relative_strength": 40.973509, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.704652, "energy": 91.142116, "activity_lines": [ 347.026674, 320.063641, 280.442145, 261.452045 ] }, { "date": "2023-08-25", "close": 367.600006, "volume": 1006750, "typical_volume": 1373658.25, "trend": 247.916667, "fair_value": 274.128193, "relative_strength": 44.500806, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.465598, "energy": 85.841601, "activity_lines": [ 357.260008, 332.85546, 291.285241, 269.455271 ] }, { "date": "2023-09-01", "close": 355.549988, "volume": 521520, "typical_volume": 1384068.9, "trend": 251.646667, "fair_value": 274.985265, "relative_strength": 37.888287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.842949, "energy": 67.256864, "activity_lines": [ 358.226668, 340.870002, 300.229287, 276.399356 ] }, { "date": "2023-09-08", "close": 349.950012, "volume": 591582, "typical_volume": 1402748.35, "trend": 255.475, "fair_value": 275.766147, "relative_strength": 32.465999, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.536414, "energy": 64.618028, "activity_lines": [ 356.423338, 346.041822, 307.951431, 282.741507 ] }, { "date": "2023-09-15", "close": 344.5, "volume": 527468, "typical_volume": 1406335.1, "trend": 259.335001, "fair_value": 276.474744, "relative_strength": 27.496038, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.645605, "energy": 59.807392, "activity_lines": [ 352.073336, 348.591822, 314.475717, 288.485056 ] }, { "date": "2023-09-22", "close": 319.0, "volume": 890655, "typical_volume": 1396201.4, "trend": 262.713334, "fair_value": 276.908675, "relative_strength": 20.807509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.752112, "energy": 43.050663, "activity_lines": [ 340.103335, 345.271821, 317.946193, 292.33441 ] }, { "date": "2023-09-29", "close": 315.75, "volume": 250316, "typical_volume": 1394165.75, "trend": 265.658334, "fair_value": 277.301012, "relative_strength": 19.300641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.254067, "energy": 30.632867, "activity_lines": [ 329.580001, 340.479093, 320.607145, 295.756131 ] }, { "date": "2023-10-06", "close": 308.200012, "volume": 225354, "typical_volume": 1382242.25, "trend": 268.541668, "fair_value": 277.610002, "relative_strength": 15.762906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.571846, "energy": 27.630074, "activity_lines": [ 319.996671, 333.824549, 322.051432, 298.500755 ] }, { "date": "2023-10-13", "close": 311.0, "volume": 416003, "typical_volume": 1395484.1, "trend": 272.018335, "fair_value": 277.940596, "relative_strength": 15.503884, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.072115, "energy": 27.255737, "activity_lines": [ 314.503337, 328.29364, 323.265479, 301.240002 ] }, { "date": "2023-10-20", "close": 307.549988, "volume": 322595, "typical_volume": 1396432.3, "trend": 275.276668, "fair_value": 278.230884, "relative_strength": 14.705464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.456538, "energy": 21.296369, "activity_lines": [ 310.456665, 322.644546, 323.661668, 303.532367 ] }, { "date": "2023-10-27", "close": 297.600006, "volume": 225620, "typical_volume": 1393625.75, "trend": 278.388335, "fair_value": 278.418934, "relative_strength": 13.202834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.395822, "energy": 17.677621, "activity_lines": [ 305.556667, 316.098183, 322.647145, 304.972582 ] }, { "date": "2023-11-03", "close": 290.25, "volume": 665689, "typical_volume": 1336743.5, "trend": 281.070001, "fair_value": 278.532694, "relative_strength": 8.770503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.258066, "energy": 20.79456, "activity_lines": [ 299.633333, 309.294546, 320.532145, 305.737851 ] }, { "date": "2023-11-10", "close": 277.799988, "volume": 295133, "typical_volume": 1247630.7, "trend": 283.298334, "fair_value": 278.525716, "relative_strength": 2.535606, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -15.392947, "energy": 35.924105, "activity_lines": [ 291.259996, 301.633635, 316.922381, 305.526883 ] }, { "date": "2023-11-17", "close": 265.549988, "volume": 555964, "typical_volume": 1211007.15, "trend": 285.236667, "fair_value": 278.403303, "relative_strength": -3.937725, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.255527, "energy": 61.343812, "activity_lines": [ 280.829993, 293.159087, 312.038333, 304.381828 ] }, { "date": "2023-11-24", "close": 275.700012, "volume": 533796, "typical_volume": 1188147.6, "trend": 287.320001, "fair_value": 278.378039, "relative_strength": -0.604216, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.012047, "energy": 58.829844, "activity_lines": [ 276.813332, 288.064544, 308.095715, 303.76656 ] }, { "date": "2023-12-01", "close": 280.350006, "volume": 789471, "typical_volume": 1197507.65, "trend": 289.531668, "fair_value": 278.396298, "relative_strength": -1.418237, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.344615, "energy": 51.940844, "activity_lines": [ 276.470001, 285.066364, 304.600477, 303.316883 ] }, { "date": "2023-12-08", "close": 273.25, "volume": 1060133, "typical_volume": 1109055.1, "trend": 291.598335, "fair_value": 278.349084, "relative_strength": -7.208512, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.203286, "energy": 44.361851, "activity_lines": [ 274.910002, 281.48, 300.382143, 302.266453 ] }, { "date": "2023-12-15", "close": 264.600006, "volume": 704309, "typical_volume": 879520.35, "trend": 293.623335, "fair_value": 278.224092, "relative_strength": -12.055459, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.316579, "energy": 40.41763, "activity_lines": [ 271.600004, 277.093637, 295.414287, 300.524625 ] }, { "date": "2023-12-22", "close": 255.850006, "volume": 1008411, "typical_volume": 660286.6, "trend": 295.210002, "fair_value": 278.022524, "relative_strength": -14.410558, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.984658, "energy": 54.511229, "activity_lines": [ 266.253339, 271.909093, 289.981668, 298.087636 ] }, { "date": "2023-12-29", "close": 260.950012, "volume": 659241, "typical_volume": 616737.3, "trend": 296.898335, "fair_value": 277.870091, "relative_strength": -14.006448, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.611288, "energy": 68.307384, "activity_lines": [ 263.253341, 268.65455, 285.430717, 295.877314 ] }, { "date": "2024-01-05", "close": 291.5, "volume": 1537517, "typical_volume": 639376.35, "trend": 299.498335, "fair_value": 277.99071, "relative_strength": -3.767632, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.195092, "energy": 42.036487, "activity_lines": [ 271.420005, 271.801822, 284.250002, 295.529034 ] }, { "date": "2024-01-12", "close": 301.950012, "volume": 1758842, "typical_volume": 676980.95, "trend": 302.051669, "fair_value": 278.200879, "relative_strength": -1.112937, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.715773, "energy": 20.865664, "activity_lines": [ 282.326674, 276.960006, 284.376194, 295.687207 ] }, { "date": "2024-01-19", "close": 300.850006, "volume": 625381, "typical_volume": 682174.0, "trend": 303.573336, "fair_value": 278.397828, "relative_strength": -0.241723, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.682609, "energy": 21.583352, "activity_lines": [ 290.953341, 281.705461, 284.710242, 295.60968 ] }, { "date": "2024-01-26", "close": 323.600006, "volume": 1093534, "typical_volume": 707271.6, "trend": 305.685003, "fair_value": 278.787502, "relative_strength": 8.40136, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 13.736179, "energy": 29.408731, "activity_lines": [ 304.746673, 290.168188, 287.471432, 296.901724 ] }, { "date": "2024-02-02", "close": 309.75, "volume": 1479689, "typical_volume": 754882.65, "trend": 306.788336, "fair_value": 279.052138, "relative_strength": 1.308668, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.740969, "energy": 32.886043, "activity_lines": [ 309.406671, 295.057278, 289.039051, 297.163982 ] }, { "date": "2024-02-09", "close": 313.700012, "volume": 4989201, "typical_volume": 959809.95, "trend": 308.228337, "fair_value": 279.345765, "relative_strength": 2.761925, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.533357, "energy": 29.926481, "activity_lines": [ 312.130007, 300.045461, 291.148338, 297.609896 ] }, { "date": "2024-02-16", "close": 312.049988, "volume": 1297672, "typical_volume": 1012177.75, "trend": 309.001669, "fair_value": 279.62059, "relative_strength": 0.828444, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.787584, "energy": 31.485636, "activity_lines": [ 312.823334, 304.127276, 293.125717, 297.856454 ] }, { "date": "2024-02-23", "close": 320.200012, "volume": 554591, "typical_volume": 1028639.6, "trend": 308.275003, "fair_value": 279.958752, "relative_strength": 2.386757, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.38086, "energy": 25.327827, "activity_lines": [ 315.560004, 308.985459, 295.896909, 298.578928 ] }, { "date": "2024-03-01", "close": 303.899994, "volume": 391550, "typical_volume": 1027416.95, "trend": 307.105003, "fair_value": 280.156613, "relative_strength": -3.463251, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.327823, "energy": 17.351332, "activity_lines": [ 311.573334, 309.869093, 297.058575, 298.296669 ] }, { "date": "2024-03-08", "close": 325.649994, "volume": 764341, "typical_volume": 1049504.25, "trend": 306.036669, "fair_value": 280.52951, "relative_strength": 2.489796, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.98383, "energy": 24.39422, "activity_lines": [ 316.149998, 313.833637, 300.325479, 299.49312 ] }, { "date": "2024-03-15", "close": 290.0, "volume": 898156, "typical_volume": 1083131.05, "trend": 303.805002, "fair_value": 280.606506, "relative_strength": -6.91836, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 2.52524, "energy": 6.248173, "activity_lines": [ 307.783331, 310.14, 300.110955, 298.458497 ] }, { "date": "2024-03-22", "close": 290.450012, "volume": 327893, "typical_volume": 1066241.25, "trend": 301.233335, "fair_value": 280.685889, "relative_strength": -7.179904, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.23896, "energy": 7.405828, "activity_lines": [ 301.146669, 306.555457, 299.975479, 297.596884 ] }, { "date": "2024-03-29", "close": 284.299988, "volume": 337524, "typical_volume": 1068360.8, "trend": 298.858335, "fair_value": 280.714802, "relative_strength": -10.199858, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.463112, "energy": 12.300911, "activity_lines": [ 293.899998, 302.061818, 299.253335, 296.50441 ] }, { "date": "2024-04-05", "close": 295.149994, "volume": 583224, "typical_volume": 1069723.8, "trend": 297.031668, "fair_value": 280.829367, "relative_strength": -7.695064, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.326787, "energy": 14.748279, "activity_lines": [ 292.66333, 299.841816, 299.533572, 296.265163 ] }, { "date": "2024-04-12", "close": 286.200012, "volume": 501079, "typical_volume": 1068087.95, "trend": 295.088335, "fair_value": 280.871655, "relative_strength": -10.622809, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.0851, "energy": 16.201377, "activity_lines": [ 289.026668, 296.511819, 298.820478, 295.566346 ] }, { "date": "2024-04-19", "close": 288.899994, "volume": 320950, "typical_volume": 1044661.9, "trend": 294.085002, "fair_value": 280.934377, "relative_strength": -8.420701, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.127915, "energy": 15.201386, "activity_lines": [ 288.919999, 294.100908, 298.314525, 295.167098 ] }, { "date": "2024-04-26", "close": 292.5, "volume": 442160, "typical_volume": 1013763.25, "trend": 293.310002, "fair_value": 281.024033, "relative_strength": -8.561983, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.367603, "energy": 10.501191, "activity_lines": [ 290.086666, 292.795454, 298.110715, 295.06484 ] }, { "date": "2024-05-03", "close": 287.649994, "volume": 1355425, "typical_volume": 1046319.05, "trend": 292.625001, "fair_value": 281.075001, "relative_strength": -10.417055, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.506794, "energy": 12.714039, "activity_lines": [ 289.499998, 290.963635, 297.353333, 294.699678 ] }, { "date": "2024-05-10", "close": 285.5, "volume": 273517, "typical_volume": 1009574.35, "trend": 291.775001, "fair_value": 281.10878, "relative_strength": -9.562517, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.535711, "energy": 13.164764, "activity_lines": [ 287.973332, 289.332726, 296.281428, 294.240001 ] }, { "date": "2024-05-17", "close": 281.100006, "volume": 269720, "typical_volume": 990098.3, "trend": 290.893335, "fair_value": 281.108714, "relative_strength": -12.738908, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.788311, "energy": 19.504039, "activity_lines": [ 285.623334, 287.236364, 294.649286, 293.551291 ] }, { "date": "2024-05-24", "close": 280.25, "volume": 242739, "typical_volume": 925359.4, "trend": 290.315001, "fair_value": 281.102257, "relative_strength": -14.971826, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.658342, "energy": 27.327341, "activity_lines": [ 283.330001, 285.795455, 292.840238, 292.864625 ] }, { "date": "2024-05-31", "close": 272.100006, "volume": 237954, "typical_volume": 849315.0, "trend": 289.710002, "fair_value": 281.035076, "relative_strength": -15.96435, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.223898, "energy": 38.922374, "activity_lines": [ 278.896669, 283.050001, 290.308572, 291.689464 ] }, { "date": "2024-06-07", "close": 274.5, "volume": 354377, "typical_volume": 835764.8, "trend": 289.600002, "fair_value": 280.986668, "relative_strength": -18.018822, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.510785, "energy": 39.757505, "activity_lines": [ 276.623336, 281.074547, 288.147619, 290.708173 ] }, { "date": "2024-06-14", "close": 284.950012, "volume": 485014, "typical_volume": 805338.8, "trend": 290.246669, "fair_value": 281.01581, "relative_strength": -15.553717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -27.69403, "energy": 33.395064, "activity_lines": [ 278.710006, 281.177276, 287.107382, 290.408174 ] }, { "date": "2024-06-21", "close": 329.700012, "volume": 16409818, "typical_volume": 1551845.25, "trend": 292.046669, "fair_value": 281.37117, "relative_strength": -2.485974, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.057541, "energy": 14.601405, "activity_lines": [ 295.750008, 289.601823, 290.513098, 292.953551 ] }, { "date": "2024-06-28", "close": 293.549988, "volume": 2640778, "typical_volume": 1434424.1, "trend": 292.486669, "fair_value": 281.459422, "relative_strength": -14.868169, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.756563, "energy": 14.402985, "activity_lines": [ 297.500002, 290.66273, 290.380954, 293.050539 ] }, { "date": "2024-07-05", "close": 310.850006, "volume": 1255068, "typical_volume": 1432293.9, "trend": 293.740002, "fair_value": 281.670865, "relative_strength": -10.829182, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.664273, "energy": 25.972893, "activity_lines": [ 304.130003, 294.784549, 291.992383, 294.235271 ] }, { "date": "2024-07-12", "close": 309.0, "volume": 1077695, "typical_volume": 1458449.1, "trend": 295.220002, "fair_value": 281.866073, "relative_strength": -11.86122, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.520875, "energy": 24.979811, "activity_lines": [ 307.560002, 298.236366, 293.433335, 295.219787 ] }, { "date": "2024-07-19", "close": 292.549988, "volume": 833164, "typical_volume": 1480529.8, "trend": 296.443335, "fair_value": 281.941845, "relative_strength": -16.347268, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.142583, "energy": 17.604576, "activity_lines": [ 303.206663, 298.309091, 293.360953, 295.047528 ] }, { "date": "2024-07-26", "close": 300.700012, "volume": 569238, "typical_volume": 1470774.65, "trend": 297.768335, "fair_value": 282.073945, "relative_strength": -14.457573, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.935455, "energy": 10.646396, "activity_lines": [ 301.063334, 299.735456, 294.118811, 295.322152 ] }, { "date": "2024-08-02", "close": 335.850006, "volume": 3862348, "typical_volume": 1618984.25, "trend": 299.246668, "fair_value": 282.450002, "relative_strength": -3.50955, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.94755, "energy": 29.028974, "activity_lines": [ 312.570003, 307.196366, 298.343097, 297.779034 ] }, { "date": "2024-08-09", "close": 360.149994, "volume": 4745574, "typical_volume": 1839868.3, "trend": 301.186668, "fair_value": 282.989585, "relative_strength": 5.482051, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.145722, "energy": 58.702582, "activity_lines": [ 329.356667, 318.064546, 304.663335, 301.708281 ] }, { "date": "2024-08-16", "close": 358.299988, "volume": 847331, "typical_volume": 1865358.65, "trend": 303.101667, "fair_value": 283.508967, "relative_strength": 4.756253, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.817921, "energy": 70.952073, "activity_lines": [ 342.239996, 326.995453, 310.475476, 305.393011 ] }, { "date": "2024-08-23", "close": 412.799988, "volume": 4285522, "typical_volume": 2050473.55, "trend": 306.075, "fair_value": 284.394522, "relative_strength": 19.724214, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.878143, "energy": 84.921191, "activity_lines": [ 370.003327, 344.311814, 321.125713, 312.470322 ] }, { "date": "2024-08-30", "close": 417.299988, "volume": 3959891, "typical_volume": 2223414.15, "trend": 309.66, "fair_value": 285.298641, "relative_strength": 19.340313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.492441, "energy": 87.315753, "activity_lines": [ 391.24999, 360.121812, 331.644284, 319.646128 ] }, { "date": "2024-09-06", "close": 418.600006, "volume": 4137092, "typical_volume": 2414221.25, "trend": 313.156666, "fair_value": 286.199326, "relative_strength": 21.697899, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.353111, "energy": 84.497073, "activity_lines": [ 405.156661, 374.575451, 341.662379, 326.674515 ] }, { "date": "2024-09-13", "close": 395.299988, "volume": 1311361, "typical_volume": 2457681.3, "trend": 315.931666, "fair_value": 286.931545, "relative_strength": 12.868827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.944755, "energy": 76.854772, "activity_lines": [ 405.779993, 382.519085, 348.843807, 331.974084 ] }, { "date": "2024-09-20", "close": 398.649994, "volume": 1741189, "typical_volume": 2476969.5, "trend": 318.546665, "fair_value": 287.676335, "relative_strength": 12.026043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.994318, "energy": 65.295907, "activity_lines": [ 405.17666, 389.536358, 355.854759, 337.310751 ] }, { "date": "2024-09-27", "close": 394.450012, "volume": 879812, "typical_volume": 2507284.25, "trend": 321.564999, "fair_value": 288.383445, "relative_strength": 9.357007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.500475, "energy": 50.797275, "activity_lines": [ 400.483333, 394.159997, 361.937141, 342.207741 ] }, { "date": "2024-10-04", "close": 404.799988, "volume": 931343, "typical_volume": 2540365.4, "trend": 324.203333, "fair_value": 289.149343, "relative_strength": 17.368158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.840358, "energy": 45.360881, "activity_lines": [ 400.46333, 398.812723, 368.486426, 347.57774 ] }, { "date": "2024-10-11", "close": 412.299988, "volume": 796820, "typical_volume": 2568069.45, "trend": 328.279999, "fair_value": 289.954249, "relative_strength": 19.655376, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.445877, "energy": 44.327654, "activity_lines": [ 403.77666, 402.936358, 375.160948, 353.261395 ] }, { "date": "2024-10-18", "close": 421.700012, "volume": 1685968, "typical_volume": 2640470.15, "trend": 332.654999, "fair_value": 290.809741, "relative_strength": 22.715783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.580647, "energy": 44.918582, "activity_lines": [ 410.643333, 407.379088, 382.101902, 359.288493 ] }, { "date": "2024-10-25", "close": 365.799988, "volume": 1068517, "typical_volume": 2676177.15, "trend": 335.371665, "fair_value": 291.293549, "relative_strength": 9.488139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.342115, "energy": 29.810168, "activity_lines": [ 397.116663, 400.539087, 383.006663, 361.426879 ] }, { "date": "2024-11-01", "close": 389.25, "volume": 386002, "typical_volume": 2671226.55, "trend": 338.508332, "fair_value": 291.921475, "relative_strength": 15.766101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.659767, "energy": 25.322578, "activity_lines": [ 393.596663, 397.826361, 385.709996, 364.902901 ] }, { "date": "2024-11-08", "close": 368.899994, "volume": 358600, "typical_volume": 1868665.65, "trend": 341.264998, "fair_value": 290.79968, "relative_strength": 10.273744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.132877, "energy": 18.821985, "activity_lines": [ 383.639996, 391.841815, 385.978568, 366.863653 ] }, { "date": "2024-11-15", "close": 339.5, "volume": 342984, "typical_volume": 1753775.95, "trend": 342.951665, "fair_value": 290.092629, "relative_strength": 3.999824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.145725, "energy": 13.871278, "activity_lines": [ 366.276664, 381.391815, 383.260473, 366.749782 ] }, { "date": "2024-11-22", "close": 329.649994, "volume": 413072, "typical_volume": 1711676.15, "trend": 344.189998, "fair_value": 289.341347, "relative_strength": -0.580432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.726686, "energy": 21.704085, "activity_lines": [ 350.483329, 370.589088, 379.385472, 365.89161 ] }, { "date": "2024-11-29", "close": 370.299988, "volume": 475849, "typical_volume": 1681583.85, "trend": 346.944998, "fair_value": 289.004167, "relative_strength": 10.411621, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.139643, "energy": 19.431774, "activity_lines": [ 354.37666, 368.370904, 379.292376, 367.576125 ] }, { "date": "2024-12-06", "close": 355.850006, "volume": 259392, "typical_volume": 1652895.25, "trend": 349.289998, "fair_value": 288.716988, "relative_strength": 3.553521, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.731926, "energy": 22.720333, "activity_lines": [ 353.153331, 364.040906, 377.531187, 368.150642 ] }, { "date": "2024-12-13", "close": 324.399994, "volume": 465138, "typical_volume": 1647690.25, "trend": 350.733331, "fair_value": 288.272437, "relative_strength": -6.042801, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.742608, "energy": 41.827768, "activity_lines": [ 343.67333, 354.694542, 372.473329, 366.544835 ] }, { "date": "2024-12-20", "close": 321.0, "volume": 3301496, "typical_volume": 1619647.65, "trend": 352.091665, "fair_value": 287.821796, "relative_strength": -2.591676, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.546059, "energy": 29.857971, "activity_lines": [ 336.026664, 346.191815, 366.978806, 364.626556 ] }, { "date": "2024-12-27", "close": 321.5, "volume": 409926, "typical_volume": 1402865.25, "trend": 353.738331, "fair_value": 287.505129, "relative_strength": -3.563593, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.161071, "energy": 42.905756, "activity_lines": [ 329.779999, 339.439997, 361.602616, 362.6529 ] }, { "date": "2025-01-03", "close": 338.350006, "volume": 401109, "typical_volume": 1380554.15, "trend": 355.866665, "fair_value": 286.953847, "relative_strength": 0.589293, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.401081, "energy": 37.772344, "activity_lines": [ 329.693335, 337.573636, 358.015236, 361.660105 ] }, { "date": "2025-01-10", "close": 310.549988, "volume": 350114, "typical_volume": 1183783.75, "trend": 356.719997, "fair_value": 286.310578, "relative_strength": -5.346929, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.767149, "energy": 43.274311, "activity_lines": [ 322.469997, 331.151816, 351.875235, 358.736448 ] }, { "date": "2025-01-17", "close": 289.149994, "volume": 513272, "typical_volume": 1011452.8, "trend": 355.36833, "fair_value": 285.650001, "relative_strength": -10.824483, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.075733, "energy": 65.820933, "activity_lines": [ 311.133329, 322.269997, 344.184044, 354.377093 ] }, { "date": "2025-01-24", "close": 286.850006, "volume": 553571, "typical_volume": 832276.75, "trend": 355.144997, "fair_value": 284.991988, "relative_strength": -10.772972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.441638, "energy": 73.05568, "activity_lines": [ 301.379999, 314.419998, 336.884045, 349.956556 ] }, { "date": "2025-01-31", "close": 290.600006, "volume": 453509, "typical_volume": 789384.15, "trend": 354.469997, "fair_value": 284.403206, "relative_strength": -10.984031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.47421, "energy": 73.940738, "activity_lines": [ 295.153335, 308.209091, 330.56857, 345.792363 ] }, { "date": "2025-02-07", "close": 294.899994, "volume": 325140, "typical_volume": 718581.7, "trend": 353.999997, "fair_value": 283.914103, "relative_strength": -9.62868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.391993, "energy": 69.301922, "activity_lines": [ 292.419999, 303.489999, 325.161189, 341.949137 ] }, { "date": "2025-02-14", "close": 229.800003, "volume": 1270934, "typical_volume": 738137.8, "trend": 351.908331, "fair_value": 283.391347, "relative_strength": -27.223458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.981442, "energy": 82.552325, "activity_lines": [ 270.883334, 288.305454, 314.047856, 333.936235 ] }, { "date": "2025-02-21", "close": 241.0, "volume": 1507073, "typical_volume": 766924.3, "trend": 349.91833, "fair_value": 283.285578, "relative_strength": -22.815776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.773647, "energy": 78.574598, "activity_lines": [ 258.463334, 277.449091, 304.785237, 326.780858 ] }, { "date": "2025-02-28", "close": 221.850006, "volume": 454294, "typical_volume": 749798.0, "trend": 346.11833, "fair_value": 283.028206, "relative_strength": -26.42389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.356758, "energy": 87.210341, "activity_lines": [ 242.870002, 264.627274, 294.478809, 318.518386 ] }, { "date": "2025-03-07", "close": 218.910004, "volume": 2441183, "typical_volume": 787558.75, "trend": 341.410331, "fair_value": 282.572501, "relative_strength": -28.293386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.224961, "energy": 88.106906, "activity_lines": [ 230.630003, 253.073638, 284.799286, 310.311397 ] }, { "date": "2025-03-14", "close": 223.039993, "volume": 1752544, "typical_volume": 821760.1, "trend": 336.901664, "fair_value": 282.162821, "relative_strength": -26.097009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.194052, "energy": 83.525999, "activity_lines": [ 224.546, 244.136182, 276.478762, 302.674601 ] }, { "date": "2025-03-21", "close": 236.460007, "volume": 1373329, "typical_volume": 871126.45, "trend": 331.023665, "fair_value": 281.910962, "relative_strength": -24.523651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.640777, "energy": 76.913955, "activity_lines": [ 227.726002, 239.735274, 270.116143, 296.194494 ] }, { "date": "2025-03-28", "close": 227.889999, "volume": 1799845, "typical_volume": 943188.7, "trend": 324.709999, "fair_value": 281.638142, "relative_strength": -27.465188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.974716, "energy": 59.354167, "activity_lines": [ 227.605334, 235.123274, 263.664905, 289.540709 ] }, { "date": "2025-04-04", "close": 223.690002, "volume": 544021, "typical_volume": 953240.55, "trend": 318.212998, "fair_value": 281.154744, "relative_strength": -26.536986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.219889, "energy": 56.001208, "activity_lines": [ 226.958668, 230.861456, 257.485143, 283.02329 ] }, { "date": "2025-04-11", "close": 207.520004, "volume": 3087116, "typical_volume": 1086942.75, "trend": 311.953666, "fair_value": 280.486283, "relative_strength": -31.261033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.377754, "energy": 59.333608, "activity_lines": [ 220.799335, 224.808002, 250.316858, 275.881807 ] }, { "date": "2025-04-18", "close": 251.580002, "volume": 8686166, "typical_volume": 1497458.6, "trend": 307.051333, "fair_value": 280.072052, "relative_strength": -19.950457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.982925, "energy": 42.040695, "activity_lines": [ 230.086002, 228.276002, 247.926335, 271.986731 ] }, { "date": "2025-04-25", "close": 245.690002, "volume": 5047652, "typical_volume": 1736871.6, "trend": 302.092666, "fair_value": 279.727116, "relative_strength": -22.113722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.947715, "energy": 33.719029, "activity_lines": [ 235.506669, 231.460729, 245.540192, 268.027936 ] }, { "date": "2025-05-02", "close": 243.050003, "volume": 2255033, "typical_volume": 1826366.35, "trend": 296.700999, "fair_value": 279.451154, "relative_strength": -23.608105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.223923, "energy": 26.813389, "activity_lines": [ 239.432003, 233.876548, 243.427192, 264.218732 ] }, { "date": "2025-05-09", "close": 230.550003, "volume": 1423048, "typical_volume": 1732443.95, "trend": 290.642667, "fair_value": 279.264295, "relative_strength": -26.151464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.137347, "energy": 22.104608, "activity_lines": [ 238.180003, 233.982366, 240.511097, 259.950926 ] }, { "date": "2025-05-16", "close": 249.660004, "volume": 1344323, "typical_volume": 1779163.8, "trend": 284.908, "fair_value": 279.274616, "relative_strength": -22.975618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.109488, "energy": 18.961514, "activity_lines": [ 242.84067, 237.404548, 239.845716, 257.306883 ] }, { "date": "2025-05-23", "close": 246.770004, "volume": 1029802, "typical_volume": 1810598.45, "trend": 280.940334, "fair_value": 279.301667, "relative_strength": -23.096632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.372258, "energy": 14.349716, "activity_lines": [ 243.72867, 239.742185, 239.247193, 254.846367 ] }, { "date": "2025-05-30", "close": 238.990005, "volume": 945886, "typical_volume": 1840387.05, "trend": 275.931667, "fair_value": 279.189744, "relative_strength": -24.942243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.249831, "energy": 15.291822, "activity_lines": [ 242.344004, 240.233822, 238.343812, 252.139894 ] }, { "date": "2025-06-06", "close": 266.0, "volume": 3248612, "typical_volume": 1977154.05, "trend": 272.501667, "fair_value": 279.218911, "relative_strength": -17.160496, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.819519, "energy": 8.784949, "activity_lines": [ 250.409336, 245.590367, 240.353574, 251.499142 ] }, { "date": "2025-06-13", "close": 283.390015, "volume": 5351309, "typical_volume": 2217040.95, "trend": 270.631334, "fair_value": 279.45827, "relative_strength": -10.638364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.750229, "energy": 19.363108, "activity_lines": [ 262.74134, 253.415823, 244.129766, 252.201616 ] }, { "date": "2025-06-20", "close": 291.51001, "volume": 16321056, "typical_volume": 3010418.3, "trend": 269.360002, "fair_value": 279.830129, "relative_strength": -9.189822, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.524776, "energy": 47.549921, "activity_lines": [ 274.257342, 261.632188, 248.695766, 253.548627 ] }, { "date": "2025-06-27", "close": 287.679993, "volume": 15286291, "typical_volume": 3758475.85, "trend": 266.606002, "fair_value": 280.145065, "relative_strength": -12.086567, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.014792, "energy": 51.603822, "activity_lines": [ 281.70667, 267.625095, 252.89267, 254.730562 ] }, { "date": "2025-07-04", "close": 280.299988, "volume": 1358112, "typical_volume": 3762834.75, "trend": 264.087668, "fair_value": 280.327436, "relative_strength": -13.516325, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.359059, "energy": 54.950049, "activity_lines": [ 283.968665, 271.619819, 256.421097, 255.614045 ] }, { "date": "2025-07-11", "close": 296.549988, "volume": 3962550, "typical_volume": 3885608.6, "trend": 263.159334, "fair_value": 280.683205, "relative_strength": -7.255697, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.269676, "energy": 51.851567, "activity_lines": [ 288.893327, 277.939817, 261.256667, 257.708388 ] }, { "date": "2025-07-18", "close": 280.450012, "volume": 4159371, "typical_volume": 4070862.45, "trend": 261.807668, "fair_value": 280.825193, "relative_strength": -11.560695, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.222801, "energy": 34.723232, "activity_lines": [ 286.414665, 280.359819, 264.294383, 258.823916 ] }, { "date": "2025-07-25", "close": 272.649994, "volume": 1120857, "typical_volume": 4004846.15, "trend": 260.179334, "fair_value": 280.836731, "relative_strength": -13.417339, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.281648, "energy": 25.823646, "activity_lines": [ 281.531997, 280.454363, 266.310191, 259.523421 ] }, { "date": "2025-08-01", "close": 255.100006, "volume": 1208029, "typical_volume": 3977620.4, "trend": 257.404335, "fair_value": 280.875834, "relative_strength": -17.69484, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 32.899627, "energy": 19.702371, "activity_lines": [ 272.056667, 276.94, 266.398668, 259.195722 ] }, { "date": "2025-08-08", "close": 252.300003, "volume": 921618, "typical_volume": 3955034.85, "trend": 255.462668, "fair_value": 280.924552, "relative_strength": -17.365928, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 20.214848, "energy": 18.78746, "activity_lines": [ 263.820002, 272.765091, 266.067811, 258.86641 ] }, { "date": "2025-08-15", "close": 249.850006, "volume": 1112821, "typical_volume": 3920683.65, "trend": 254.152669, "fair_value": 280.955642, "relative_strength": -18.501403, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.508084, "energy": 19.951229, "activity_lines": [ 256.633337, 267.902729, 265.428192, 258.504303 ] }, { "date": "2025-08-22", "close": 265.0, "volume": 1842575, "typical_volume": 3985611.35, "trend": 253.424335, "fair_value": 281.044744, "relative_strength": -13.591997, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.326549, "energy": 16.445949, "activity_lines": [ 257.610003, 266.088546, 266.126859, 259.204131 ] }, { "date": "2025-08-29", "close": 280.950012, "volume": 1794179, "typical_volume": 3920964.5, "trend": 253.102669, "fair_value": 281.156603, "relative_strength": -5.990818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.803307, "energy": 15.087573, "activity_lines": [ 264.933339, 267.50873, 268.14786, 260.979981 ] }, { "date": "2025-09-05", "close": 270.200012, "volume": 1169919, "typical_volume": 3545152.15, "trend": 252.279336, "fair_value": 281.237372, "relative_strength": -9.89713, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.172629, "energy": 13.859166, "activity_lines": [ 268.120008, 267.166369, 268.795384, 262.083035 ] }, { "date": "2025-09-12", "close": 279.700012, "volume": 1037585, "typical_volume": 3344648.8, "trend": 253.94267, "fair_value": 281.419744, "relative_strength": -7.46075, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.025704, "energy": 25.804884, "activity_lines": [ 273.466677, 268.869098, 270.259004, 263.852111 ] }, { "date": "2025-09-19", "close": 274.799988, "volume": 958937, "typical_volume": 3279844.0, "trend": 255.069336, "fair_value": 281.61077, "relative_strength": -9.178164, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.515767, "energy": 30.397572, "activity_lines": [ 275.353337, 269.691822, 271.094003, 265.197745 ] }, { "date": "2025-09-26", "close": 261.450012, "volume": 493960, "typical_volume": 3233389.6, "trend": 256.389336, "fair_value": 281.84218, "relative_strength": -10.591568, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.872004, "energy": 17.037981, "activity_lines": [ 271.126672, 268.482733, 270.506385, 265.609401 ] }, { "date": "2025-10-03", "close": 288.0, "volume": 1314713, "typical_volume": 3231909.1, "trend": 258.692336, "fair_value": 282.347629, "relative_strength": -1.724811, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.005867, "energy": 34.035035, "activity_lines": [ 275.98667, 272.446368, 272.300194, 267.648799 ] }, { "date": "2025-10-10", "close": 299.899994, "volume": 4500027, "typical_volume": 3405420.35, "trend": 261.254336, "fair_value": 283.028398, "relative_strength": 1.525028, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.119568, "energy": 47.749723, "activity_lines": [ 284.343333, 278.294548, 275.044764, 270.307357 ] }, { "date": "2025-10-17", "close": 328.850006, "volume": 3835153, "typical_volume": 3549883.7, "trend": 264.334003, "fair_value": 283.875193, "relative_strength": 10.245241, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.423116, "energy": 71.849095, "activity_lines": [ 300.370001, 288.591821, 280.293479, 274.668368 ] }, { "date": "2025-10-24", "close": 319.0, "volume": 740315, "typical_volume": 3424468.85, "trend": 267.371003, "fair_value": 284.626154, "relative_strength": 7.079479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.822914, "energy": 75.554201, "activity_lines": [ 309.836668, 295.706366, 284.176193, 278.195207 ] }, { "date": "2025-10-31", "close": 283.049988, "volume": 1347360, "typical_volume": 3224271.4, "trend": 269.349669, "fair_value": 285.135129, "relative_strength": -3.916309, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.302755, "energy": 63.682193, "activity_lines": [ 304.37333, 295.027272, 284.382716, 279.206754 ] }, { "date": "2025-11-07", "close": 279.0, "volume": 770425, "typical_volume": 2446739.85, "trend": 271.732335, "fair_value": 285.676475, "relative_strength": -3.737137, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.71916, "energy": 36.000689, "activity_lines": [ 296.119997, 293.283635, 284.205144, 279.829356 ] }, { "date": "2025-11-14", "close": 282.0, "volume": 688675, "typical_volume": 1716859.05, "trend": 272.746335, "fair_value": 286.285449, "relative_strength": -3.69366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.377924, "energy": 16.929489, "activity_lines": [ 289.466665, 292.120908, 284.372858, 280.491786 ] }, { "date": "2025-11-21", "close": 278.100006, "volume": 625808, "typical_volume": 1680243.85, "trend": 273.826669, "fair_value": 286.433847, "relative_strength": -5.097627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.003086, "energy": 19.75967, "activity_lines": [ 282.706667, 290.034545, 284.196192, 280.837184 ] }, { "date": "2025-11-28", "close": 318.25, "volume": 21705024, "typical_volume": 2567367.55, "trend": 276.333335, "fair_value": 286.931924, "relative_strength": 8.639652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.031073, "energy": 21.73487, "activity_lines": [ 292.713334, 295.277273, 287.853811, 283.703206 ] }, { "date": "2025-12-05", "close": 314.700012, "volume": 4293309, "typical_volume": 2574064.45, "trend": 279.138336, "fair_value": 287.478078, "relative_strength": 7.941524, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.658341, "energy": 31.036009, "activity_lines": [ 301.586672, 299.084548, 291.070002, 286.178475 ] }, { "date": "2025-12-12", "close": 268.200012, "volume": 10018259, "typical_volume": 3018934.55, "trend": 279.756336, "fair_value": 287.625834, "relative_strength": -7.065643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.022705, "energy": 12.164625, "activity_lines": [ 292.850008, 293.469095, 289.694527, 285.472777 ] }, { "date": "2025-12-19", "close": 258.850006, "volume": 1228351, "typical_volume": 3019950.65, "trend": 280.159003, "fair_value": 287.794744, "relative_strength": -9.455199, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.123138, "energy": 2.1348, "activity_lines": [ 281.716675, 286.513641, 287.449765, 284.123982 ] }, { "date": "2025-12-26", "close": 252.649994, "volume": 629921, "typical_volume": 3005365.8, "trend": 280.614336, "fair_value": 287.79218, "relative_strength": -11.292827, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.309724, "energy": 25.619098, "activity_lines": [ 270.060004, 279.177276, 284.596669, 282.349207 ] }, { "date": "2026-01-02", "close": 258.950012, "volume": 756768, "typical_volume": 2987563.15, "trend": 280.379336, "fair_value": 287.845706, "relative_strength": -9.390642, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.715985, "energy": 35.788055, "activity_lines": [ 262.200006, 274.371823, 282.341908, 280.951508 ] }, { "date": "2026-01-09", "close": 237.600006, "volume": 808450, "typical_volume": 2935856.9, "trend": 278.853002, "fair_value": 287.746347, "relative_strength": -14.163861, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -70.292432, "energy": 68.511703, "activity_lines": [ 251.176672, 266.776369, 278.01048, 278.191552 ] }, { "date": "2026-01-16", "close": 229.800003, "volume": 883968, "typical_volume": 2890346.35, "trend": 276.796002, "fair_value": 287.618783, "relative_strength": -16.493217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.283393, "energy": 75.288984, "activity_lines": [ 242.693338, 258.589096, 273.06667, 275.026842 ] }, { "date": "2026-01-23", "close": 213.0, "volume": 1493766, "typical_volume": 2906538.7, "trend": 274.306669, "fair_value": 287.467501, "relative_strength": -20.040308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.503959, "energy": 80.236855, "activity_lines": [ 231.170003, 248.241823, 266.766432, 270.910971 ] }, { "date": "2026-01-30", "close": 216.25, "volume": 997927, "typical_volume": 2904555.8, "trend": 272.171669, "fair_value": 287.29186, "relative_strength": -19.133554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.711517, "energy": 80.587195, "activity_lines": [ 223.786669, 239.740003, 261.048098, 267.165379 ] }, { "date": "2026-02-06", "close": 234.289993, "volume": 929777, "typical_volume": 2903097.8, "trend": 270.096336, "fair_value": 287.286667, "relative_strength": -13.121956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.542139, "energy": 71.558625, "activity_lines": [ 224.843332, 235.642729, 257.350002, 264.7214 ] }, { "date": "2026-02-13", "close": 218.440002, "volume": 612826, "typical_volume": 2909041.1, "trend": 268.029336, "fair_value": 287.220898, "relative_strength": -18.074393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.376302, "energy": 64.623996, "activity_lines": [ 222.260666, 230.190183, 252.335288, 261.388734 ] }, { "date": "2026-02-20", "close": 213.080002, "volume": 803377, "typical_volume": 2883474.3, "trend": 266.04367, "fair_value": 287.191603, "relative_strength": -20.068825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.080286, "energy": 52.152862, "activity_lines": [ 219.168666, 225.513274, 247.014907, 257.843615 ] }, { "date": "2026-02-27", "close": 192.190002, "volume": 4099579, "typical_volume": 2863451.9, "trend": 263.946669, "fair_value": 286.965898, "relative_strength": -26.456188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.134482, "energy": 60.693413, "activity_lines": [ 210.228001, 218.040365, 240.061764, 253.078862 ] }, { "date": "2026-03-06", "close": 179.789993, "volume": 5956223, "typical_volume": 2969505.4, "trend": 261.529669, "fair_value": 286.697244, "relative_strength": -28.84189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.084418, "energy": 78.697464, "activity_lines": [ 198.541332, 209.524909, 232.440573, 247.649399 ] }, { "date": "2026-03-13", "close": 168.720001, "volume": 1303398, "typical_volume": 2997659.55, "trend": 258.825336, "fair_value": 286.453783, "relative_strength": -29.123137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.54109, "energy": 91.585556, "activity_lines": [ 185.595333, 200.321454, 224.474906, 241.661679 ] }, { "date": "2026-03-20", "close": 150.820007, "volume": 13097723, "typical_volume": 3585177.7, "trend": 255.019336, "fair_value": 286.075706, "relative_strength": -36.111989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.011637, "energy": 93.870736, "activity_lines": [ 171.054002, 189.504001, 215.520097, 234.693593 ] }, { "date": "2026-03-27", "close": 127.110001, "volume": 16826465, "typical_volume": 4387979.7, "trend": 249.891335, "fair_value": 285.581219, "relative_strength": -45.033472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.502032, "energy": 94.981666, "activity_lines": [ 153.117335, 175.953455, 204.936859, 226.441378 ] }, { "date": "2026-04-03", "close": 121.790001, "volume": 3874803, "typical_volume": 4547286.1, "trend": 244.944335, "fair_value": 285.017052, "relative_strength": -46.641114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.562351, "energy": 93.606632, "activity_lines": [ 139.138668, 163.302728, 194.57024, 218.176776 ] }, { "date": "2026-04-10", "close": 135.240005, "volume": 4582148, "typical_volume": 4745103.1, "trend": 240.129002, "fair_value": 284.531732, "relative_strength": -43.669708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.138206, "energy": 84.966564, "activity_lines": [ 134.33667, 154.75582, 186.247478, 211.099077 ] }, { "date": "2026-04-17", "close": 142.25, "volume": 1988354, "typical_volume": 3759269.6, "trend": 235.710669, "fair_value": 284.114104, "relative_strength": -40.951549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.471431, "energy": 72.606472, "activity_lines": [ 134.841335, 148.956365, 179.272621, 204.784303 ] }, { "date": "2026-04-24", "close": 130.960007, "volume": 1965655, "typical_volume": 3642886.9, "trend": 231.361002, "fair_value": 283.586924, "relative_strength": -44.086401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.272316, "energy": 66.227043, "activity_lines": [ 133.347337, 142.777639, 172.060621, 198.026196 ] }, { "date": "2026-05-01", "close": 126.220001, "volume": 2465751, "typical_volume": 3265261.5, "trend": 225.968335, "fair_value": 283.024232, "relative_strength": -45.831812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.633529, "energy": 65.395245, "activity_lines": [ 131.597336, 137.327639, 165.272145, 191.242905 ] }, { "date": "2026-05-08", "close": 132.410004, "volume": 1460929, "typical_volume": 3276890.4, "trend": 220.385335, "fair_value": 282.518847, "relative_strength": -43.130382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.149063, "energy": 61.685716, "activity_lines": [ 131.970003, 134.582367, 159.749288, 185.206884 ] }, { "date": "2026-05-15", "close": 119.269997, "volume": 1134954, "typical_volume": 3302142.05, "trend": 213.399335, "fair_value": 281.976668, "relative_strength": -47.098723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.449429, "energy": 65.632366, "activity_lines": [ 127.254668, 130.534911, 153.577097, 178.683314 ] }, { "date": "2026-05-22", "close": 125.18, "volume": 1326477, "typical_volume": 3330627.5, "trend": 206.938669, "fair_value": 281.444168, "relative_strength": -44.130722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.685721, "energy": 62.010194, "activity_lines": [ 125.574001, 128.662365, 148.602906, 172.991744 ] }, { "date": "2026-05-29", "close": 127.739998, "volume": 1409859, "typical_volume": 3360697.95, "trend": 201.761669, "fair_value": 280.914937, "relative_strength": -42.073854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.654576, "energy": 60.167062, "activity_lines": [ 125.884666, 128.04691, 144.509525, 167.882152 ] }, { "date": "2026-06-05", "close": 132.779999, "volume": 1235593, "typical_volume": 3378279.2, "trend": 196.887669, "fair_value": 280.397501, "relative_strength": -38.697924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.503529, "energy": 56.476234, "activity_lines": [ 128.089999, 128.767455, 141.419287, 163.431722 ] }, { "date": "2026-06-12", "close": 136.210007, "volume": 220917, "typical_volume": 3314636.75, "trend": 192.028002, "fair_value": 279.826091, "relative_strength": -37.05218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.084749, "energy": 44.489864, "activity_lines": [ 131.001335, 130.008547, 139.117716, 159.517034 ] }, { "date": "2026-06-19", "close": 156.210007, "volume": 837869, "typical_volume": 3306633.85, "trend": 187.965002, "fair_value": 279.19154, "relative_strength": -28.213396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.268409, "energy": 28.299436, "activity_lines": [ 140.326004, 134.623821, 139.086573, 157.206195 ] }, { "date": "2026-06-26", "close": 146.600006, "volume": 0, "typical_volume": 3260145.0, "trend": 182.243336, "fair_value": 278.463014, "relative_strength": -32.010108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.294348, "energy": 26.635914, "activity_lines": [ 143.984672, 137.110549, 138.426098, 154.537486 ] }, { "date": "2026-07-03", "close": 136.600006, "volume": 306104, "typical_volume": 3244808.9, "trend": 176.306669, "fair_value": 277.565258, "relative_strength": -36.475324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.490448, "energy": 21.258512, "activity_lines": [ 142.882006, 137.700004, 137.230812, 151.592755 ] }, { "date": "2026-07-10", "close": 135.399994, "volume": 1235811, "typical_volume": 3266430.6, "trend": 171.880002, "fair_value": 276.699232, "relative_strength": -36.006132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.473637, "energy": 19.913851, "activity_lines": [ 140.788669, 137.968729, 136.310954, 148.953615 ] }, { "date": "2026-07-17", "close": 174.210007, "volume": 156931923, "typical_volume": 10908047.8, "trend": 169.058668, "fair_value": 275.96436, "relative_strength": -17.353843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.492479, "energy": 17.300267, "activity_lines": [ 151.457337, 145.126912, 139.457193, 149.103938 ] }, { "date": "2026-07-24", "close": 167.059998, "volume": 14180416, "typical_volume": 11319257.45, "trend": 166.205669, "fair_value": 274.84295, "relative_strength": -18.138021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.004385, "energy": 21.079978, "activity_lines": [ 157.209335, 150.225093, 142.008097, 148.974991 ] }, { "date": "2026-07-31", "close": 158.699997, "volume": 2406534, "typical_volume": 11374414.25, "trend": 162.864001, "fair_value": 273.687181, "relative_strength": -23.535807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.96531, "energy": 23.298991, "activity_lines": [ 159.451333, 152.934365, 143.82343, 148.490754 ] }, { "date": "2026-08-07", "close": 154.960007, "volume": 1944708, "typical_volume": 10816763.5, "trend": 160.109335, "fair_value": 272.387565, "relative_strength": -25.222112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.746256, "energy": 24.343021, "activity_lines": [ 159.640002, 154.354184, 145.330288, 147.980819 ] } ], "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." } } }