{ "ticker": { "uuid": "af64ae08-10d0-4633-86e3-9f726f603475", "symbol": "HERANBA", "name": "Heranba Industries Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -58.763, "architecture_energy": 57.603, "architecture_maturity": 24.554, "architecture_confidence": 96, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.29, "rotation_up": 15.87, "upward_expansion": 12.23, "deceleration": 39.41, "rotation_down": 60.38, "downward_expansion": 85.56 }, "activity_lines": [ 178.770002, 181.372728, 186.782429, 189.353635 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 178.779999, "trend_reference": 194.733001, "distance_from_trend": -0.081922, "trend_direction": "Weakening", "fair_value": 318.033935, "distance_from_fair_value": -0.437859, "fair_value_direction": "Weakening", "relative_strength": -23.111478, "relative_strength_direction": "Weakening", "price_momentum": -0.204113, "excess_performance": -0.160404, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.081922, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.105568, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.437859, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.105506, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.231115, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.082889, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.204113, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.180016, "read": "Supply-led" } ], "volume": { "latest": 137234, "relative_activity": 0.647149, "balance": 0.180016, "dry_up": 0.557362, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.060887, "annualized_volatility": 0.387298, "from_high_reference": -0.526838, "from_low_reference": 0.150598 }, "levels": { "trend_reference": 194.733001, "fair_value_reference": 318.033935, "structural_low": 155.380005, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.003027, "positive_rate": 0.535714, "directional_follow_through": 0.464286, "median_excess_return": -0.012797, "regime_survival": 0.857143, "best_return": 0.288853, "worst_return": -0.346603, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.06629, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.053054, "regime_survival": 0.555556, "best_return": 0.418496, "worst_return": -0.315471, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.042108, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.018833, "regime_survival": 0.2, "best_return": 0.617456, "worst_return": -0.360849, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.239876, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.296611, "regime_survival": 0.666667, "best_return": -0.220735, "worst_return": -0.303943, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-12", "end": "2024-08-09", "tenure": "Developing", "return": 0.08126, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-16", "end": "2024-10-11", "tenure": "Developing", "return": 0.041912, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-08", "tenure": "New", "return": 0.112722, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-13", "tenure": "Developing", "return": -0.042542, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-03", "tenure": "New", "return": -0.016793, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": -0.132254, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-06-27", "tenure": "Established", "return": -0.090936, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.005126, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": -0.051251, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-11-07", "tenure": "Developing", "return": -0.15162, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-28", "tenure": "New", "return": -0.065571, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-05-08", "tenure": "Established", "return": -0.096402, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": -0.139791, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.053473, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 339.992188, "volume": 511472, "typical_volume": 659279.7, "trend": 346.791219, "fair_value": 568.983047, "relative_strength": -24.053292, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.980887, "energy": 12.763927, "activity_lines": [ 356.661719, 363.020276, 361.516139, 353.06964 ] }, { "date": "2023-08-25", "close": 352.571564, "volume": 393408, "typical_volume": 662744.15, "trend": 343.14945, "fair_value": 567.318344, "relative_strength": -20.167332, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.054554, "energy": 11.250029, "activity_lines": [ 354.762309, 359.911402, 361.146258, 353.442566 ] }, { "date": "2023-09-01", "close": 364.454926, "volume": 340331, "typical_volume": 667588.1, "trend": 344.674114, "fair_value": 565.769768, "relative_strength": -17.300188, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.277604, "energy": 11.624753, "activity_lines": [ 357.278186, 359.72827, 361.736761, 354.817113 ] }, { "date": "2023-09-08", "close": 377.631012, "volume": 462731, "typical_volume": 596525.5, "trend": 345.904849, "fair_value": 564.344474, "relative_strength": -15.053864, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.006225, "energy": 18.025487, "activity_lines": [ 363.739057, 362.254788, 363.395456, 356.943364 ] }, { "date": "2023-09-15", "close": 374.647736, "volume": 646171, "typical_volume": 592205.0, "trend": 347.567828, "fair_value": 562.918183, "relative_strength": -16.310291, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 42.542544, "energy": 26.464904, "activity_lines": [ 368.150855, 364.292609, 364.678422, 358.797744 ] }, { "date": "2023-09-22", "close": 370.172852, "volume": 150473, "typical_volume": 587186.55, "trend": 349.149345, "fair_value": 561.479785, "relative_strength": -14.122783, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 46.296059, "energy": 38.121535, "activity_lines": [ 370.921977, 365.657198, 365.453089, 360.256133 ] }, { "date": "2023-09-29", "close": 358.737, "volume": 133212, "typical_volume": 583572.4, "trend": 350.480111, "fair_value": 559.977987, "relative_strength": -15.6548, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 32.495105, "energy": 23.903105, "activity_lines": [ 367.869104, 364.86707, 365.083478, 360.874691 ] }, { "date": "2023-10-06", "close": 358.935883, "volume": 113507, "typical_volume": 578657.35, "trend": 351.791087, "fair_value": 558.499736, "relative_strength": -14.769278, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.997603, "energy": 13.924737, "activity_lines": [ 364.471497, 364.124867, 364.739899, 361.420225 ] }, { "date": "2023-10-13", "close": 354.212402, "volume": 132928, "typical_volume": 565736.95, "trend": 353.570419, "fair_value": 557.008587, "relative_strength": -15.41993, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.931967, "energy": 7.159121, "activity_lines": [ 359.867332, 362.502276, 363.830657, 361.576439 ] }, { "date": "2023-10-20", "close": 379.768982, "volume": 864877, "typical_volume": 572655.15, "trend": 356.584717, "fair_value": 555.724243, "relative_strength": -7.597456, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.424526, "energy": 15.544173, "activity_lines": [ 365.343268, 365.664499, 365.262294, 363.266668 ] }, { "date": "2023-10-27", "close": 356.549286, "volume": 313287, "typical_volume": 564003.9, "trend": 359.226266, "fair_value": 554.291329, "relative_strength": -10.196811, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.828505, "energy": 7.586626, "activity_lines": [ 362.737889, 364.471195, 364.232606, 363.264382 ] }, { "date": "2023-11-03", "close": 365.847107, "volume": 675534, "typical_volume": 375377.3, "trend": 360.868339, "fair_value": 552.945299, "relative_strength": -7.961769, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.917643, "energy": 9.875378, "activity_lines": [ 364.140021, 364.667367, 364.101925, 363.691534 ] }, { "date": "2023-11-10", "close": 352.472168, "volume": 230331, "typical_volume": 361533.4, "trend": 361.775621, "fair_value": 551.523504, "relative_strength": -11.412245, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.713988, "energy": 8.005222, "activity_lines": [ 360.609833, 362.190358, 362.834613, 363.149845 ] }, { "date": "2023-11-17", "close": 351.577179, "volume": 175508, "typical_volume": 361476.75, "trend": 361.548415, "fair_value": 550.115431, "relative_strength": -12.202151, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.324608, "energy": 19.980057, "activity_lines": [ 357.212229, 359.768492, 361.621363, 362.491881 ] }, { "date": "2023-11-24", "close": 350.83136, "volume": 715103, "typical_volume": 379705.05, "trend": 361.329373, "fair_value": 548.721836, "relative_strength": -11.819541, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.451349, "energy": 26.982802, "activity_lines": [ 353.741701, 357.684728, 360.475218, 361.800458 ] }, { "date": "2023-12-01", "close": 348.24588, "volume": 370085, "typical_volume": 381244.15, "trend": 360.98452, "fair_value": 547.329642, "relative_strength": -13.597416, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.609931, "energy": 44.509013, "activity_lines": [ 351.338521, 355.563902, 359.233014, 360.956362 ] }, { "date": "2023-12-08", "close": 356.996796, "volume": 742096, "typical_volume": 403494.5, "trend": 360.876874, "fair_value": 546.017002, "relative_strength": -13.474154, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.553695, "energy": 36.470086, "activity_lines": [ 352.405874, 355.432824, 358.908879, 360.699089 ] }, { "date": "2023-12-15", "close": 357.593414, "volume": 373981, "typical_volume": 411031.0, "trend": 361.642786, "fair_value": 544.726429, "relative_strength": -14.323279, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.185033, "energy": 26.405299, "activity_lines": [ 354.26212, 355.441862, 358.652933, 360.487253 ] }, { "date": "2023-12-22", "close": 363.16217, "volume": 784741, "typical_volume": 427845.2, "trend": 362.592672, "fair_value": 543.491298, "relative_strength": -11.677175, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.050807, "energy": 11.822325, "activity_lines": [ 357.633201, 356.48781, 358.928087, 360.585278 ] }, { "date": "2023-12-29", "close": 395.729431, "volume": 1903517, "typical_volume": 501664.65, "trend": 364.874163, "fair_value": 542.492907, "relative_strength": -4.580044, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 28.904133, "energy": 23.241543, "activity_lines": [ 371.087703, 363.292355, 362.298452, 362.723133 ] }, { "date": "2024-01-05", "close": 415.617828, "volume": 1763247, "typical_volume": 564253.4, "trend": 366.748622, "fair_value": 541.641397, "relative_strength": 1.143193, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 49.377241, "energy": 57.875752, "activity_lines": [ 388.178467, 373.422782, 367.451915, 365.996918 ] }, { "date": "2024-01-12", "close": 403.336761, "volume": 723233, "typical_volume": 580744.65, "trend": 367.038057, "fair_value": 540.719366, "relative_strength": -1.867674, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.883977, "energy": 70.973554, "activity_lines": [ 396.684078, 380.246314, 371.07563, 368.357443 ] }, { "date": "2024-01-19", "close": 384.939972, "volume": 361186, "typical_volume": 581787.4, "trend": 367.145229, "fair_value": 539.687714, "relative_strength": -4.358785, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.060815, "energy": 69.29003, "activity_lines": [ 395.968095, 383.043346, 372.705531, 369.512406 ] }, { "date": "2024-01-26", "close": 376.039917, "volume": 179412, "typical_volume": 567621.45, "trend": 366.99371, "fair_value": 538.611084, "relative_strength": -4.539152, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.881892, "energy": 60.748426, "activity_lines": [ 390.462323, 383.631862, 373.390261, 370.086257 ] }, { "date": "2024-02-02", "close": 378.277344, "volume": 293967, "typical_volume": 550011.25, "trend": 366.857328, "fair_value": 537.563151, "relative_strength": -6.120506, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.915272, "energy": 30.664769, "activity_lines": [ 384.843844, 384.182406, 374.295655, 370.814233 ] }, { "date": "2024-02-09", "close": 379.072906, "volume": 765304, "typical_volume": 580752.8, "trend": 367.292362, "fair_value": 536.533993, "relative_strength": -5.44967, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.611002, "energy": 18.913644, "activity_lines": [ 380.654024, 384.378579, 375.259533, 371.602335 ] }, { "date": "2024-02-16", "close": 358.040894, "volume": 404687, "typical_volume": 594326.55, "trend": 367.247589, "fair_value": 535.382425, "relative_strength": -11.570484, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.797872, "energy": 15.480528, "activity_lines": [ 371.889862, 380.190259, 374.177981, 371.005466 ] }, { "date": "2024-02-23", "close": 362.167786, "volume": 325325, "typical_volume": 604917.45, "trend": 367.394869, "fair_value": 534.272075, "relative_strength": -11.041471, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.529315, "energy": 17.601826, "activity_lines": [ 367.521055, 376.7333, 373.492781, 370.677737 ] }, { "date": "2024-03-01", "close": 357.295105, "volume": 224422, "typical_volume": 609492.15, "trend": 367.244329, "fair_value": 531.423871, "relative_strength": -12.538465, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.705783, "energy": 20.557961, "activity_lines": [ 363.046167, 372.307228, 372.328126, 370.026139 ] }, { "date": "2024-03-08", "close": 341.782166, "volume": 230259, "typical_volume": 577761.25, "trend": 366.223334, "fair_value": 528.797781, "relative_strength": -16.634606, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.461689, "energy": 34.855064, "activity_lines": [ 354.649953, 365.167295, 369.671369, 368.383419 ] }, { "date": "2024-03-15", "close": 305.336639, "volume": 516979, "typical_volume": 587945.85, "trend": 365.068149, "fair_value": 526.711757, "relative_strength": -23.633706, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -84.170974, "energy": 75.00454, "activity_lines": [ 336.538243, 352.381763, 363.724499, 364.455245 ] }, { "date": "2024-03-22", "close": 302.850586, "volume": 464934, "typical_volume": 577415.85, "trend": 363.410783, "fair_value": 524.667026, "relative_strength": -24.236671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.635785, "energy": 82.389892, "activity_lines": [ 322.513599, 341.149333, 357.784732, 360.441209 ] }, { "date": "2024-03-29", "close": 282.06723, "volume": 638307, "typical_volume": 597814.65, "trend": 360.664526, "fair_value": 522.477686, "relative_strength": -29.914503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.528659, "energy": 91.4789, "activity_lines": [ 305.240523, 327.965133, 350.165581, 355.193237 ] }, { "date": "2024-04-05", "close": 329.650238, "volume": 486150, "typical_volume": 613346.75, "trend": 359.065167, "fair_value": 520.4299, "relative_strength": -18.480078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.302583, "energy": 79.786421, "activity_lines": [ 309.168487, 325.302802, 347.413407, 353.192316 ] }, { "date": "2024-04-12", "close": 327.114441, "volume": 224029, "typical_volume": 588793.05, "trend": 357.480724, "fair_value": 518.442691, "relative_strength": -18.804415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.180883, "energy": 68.131268, "activity_lines": [ 314.094177, 323.022866, 344.524142, 351.130978 ] }, { "date": "2024-04-19", "close": 312.048981, "volume": 157971, "typical_volume": 578187.35, "trend": 355.543262, "fair_value": 516.271642, "relative_strength": -20.709179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.327856, "energy": 50.273793, "activity_lines": [ 314.975895, 318.93399, 340.313009, 348.199898 ] }, { "date": "2024-04-26", "close": 330.197144, "volume": 225946, "typical_volume": 552379.85, "trend": 354.591933, "fair_value": 513.866285, "relative_strength": -16.663208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.270514, "energy": 29.06443, "activity_lines": [ 321.459512, 319.363397, 338.002639, 346.564665 ] }, { "date": "2024-05-03", "close": 326.965271, "volume": 96416, "typical_volume": 538501.6, "trend": 353.526246, "fair_value": 511.484159, "relative_strength": -17.20679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.318802, "energy": 26.396221, "activity_lines": [ 325.042733, 319.71144, 335.512089, 344.782299 ] }, { "date": "2024-05-10", "close": 313.142853, "volume": 240039, "typical_volume": 511266.5, "trend": 352.157261, "fair_value": 508.857551, "relative_strength": -18.707818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.006426, "energy": 31.778708, "activity_lines": [ 321.025279, 318.186363, 331.850966, 342.176919 ] }, { "date": "2024-05-17", "close": 319.706024, "volume": 113299, "typical_volume": 421755.6, "trend": 350.155163, "fair_value": 506.327397, "relative_strength": -18.147842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.710724, "energy": 27.693191, "activity_lines": [ 320.296041, 318.657357, 329.053095, 340.083291 ] }, { "date": "2024-05-24", "close": 315.280853, "volume": 104308, "typical_volume": 338808.65, "trend": 348.779548, "fair_value": 503.744532, "relative_strength": -20.624632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.392685, "energy": 35.165153, "activity_lines": [ 318.58564, 318.725159, 326.195795, 337.833336 ] }, { "date": "2024-05-31", "close": 291.464478, "volume": 290051, "typical_volume": 317149.55, "trend": 346.300127, "fair_value": 500.761745, "relative_strength": -24.837436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.024552, "energy": 50.164724, "activity_lines": [ 308.72099, 314.281908, 321.548064, 334.135589 ] }, { "date": "2024-06-07", "close": 297.43103, "volume": 328813, "typical_volume": 315530.9, "trend": 344.465423, "fair_value": 497.805822, "relative_strength": -25.249542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.041189, "energy": 51.711514, "activity_lines": [ 303.427368, 311.130504, 318.001301, 330.982744 ] }, { "date": "2024-06-14", "close": 340.738007, "volume": 1251622, "typical_volume": 369141.4, "trend": 344.104117, "fair_value": 495.481946, "relative_strength": -14.385028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.14239, "energy": 28.505345, "activity_lines": [ 314.538355, 315.573754, 318.995721, 330.742266 ] }, { "date": "2024-06-21", "close": 367.139893, "volume": 1975321, "typical_volume": 453209.1, "trend": 344.647735, "fair_value": 493.392129, "relative_strength": -7.383483, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.841154, "energy": 8.17118, "activity_lines": [ 332.610293, 324.615751, 322.672711, 332.228445 ] }, { "date": "2024-06-28", "close": 349.240295, "volume": 368934, "typical_volume": 433390.6, "trend": 344.680882, "fair_value": 491.185674, "relative_strength": -13.24536, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.453377, "energy": 17.829196, "activity_lines": [ 341.55344, 329.67554, 324.698013, 332.524739 ] }, { "date": "2024-07-05", "close": 380.763397, "volume": 567754, "typical_volume": 441543.95, "trend": 345.473102, "fair_value": 489.096238, "relative_strength": -6.188919, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.326802, "energy": 42.442114, "activity_lines": [ 358.740326, 339.790597, 329.867575, 334.852643 ] }, { "date": "2024-07-12", "close": 367.736481, "volume": 290589, "typical_volume": 439807.15, "trend": 345.811204, "fair_value": 486.87334, "relative_strength": -9.672563, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.209222, "energy": 54.941706, "activity_lines": [ 365.631645, 346.617737, 333.688276, 336.28899 ] }, { "date": "2024-07-19", "close": 350.930817, "volume": 274052, "typical_volume": 442288.65, "trend": 345.403492, "fair_value": 484.016906, "relative_strength": -13.511622, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.187826, "energy": 48.957243, "activity_lines": [ 362.234046, 349.648008, 335.88192, 336.619288 ] }, { "date": "2024-07-26", "close": 396.077454, "volume": 850554, "typical_volume": 473303.4, "trend": 345.415093, "fair_value": 481.434381, "relative_strength": -3.325571, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.909164, "energy": 59.972546, "activity_lines": [ 373.205805, 360.199703, 342.405549, 339.888576 ] }, { "date": "2024-08-02", "close": 390.160675, "volume": 707841, "typical_volume": 482846.5, "trend": 344.566521, "fair_value": 478.780096, "relative_strength": -4.010273, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.684478, "energy": 45.03549, "activity_lines": [ 380.276133, 368.28705, 348.107127, 342.775388 ] }, { "date": "2024-08-09", "close": 397.618835, "volume": 714250, "typical_volume": 495312.3, "trend": 344.375924, "fair_value": 476.032289, "relative_strength": -0.437529, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.310306, "energy": 54.159909, "activity_lines": [ 387.10449, 376.368974, 354.115082, 346.198117 ] }, { "date": "2024-08-16", "close": 455.742645, "volume": 5162769, "typical_volume": 721535.4, "trend": 346.736013, "fair_value": 474.049765, "relative_strength": 13.181036, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.131373, "energy": 80.316901, "activity_lines": [ 412.183754, 393.088784, 365.207361, 353.383067 ] }, { "date": "2024-08-23", "close": 478.862946, "volume": 1409604, "typical_volume": 767708.1, "trend": 350.163447, "fair_value": 471.938474, "relative_strength": 17.435476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.485998, "energy": 86.310452, "activity_lines": [ 439.102708, 411.133892, 377.674547, 361.907385 ] }, { "date": "2024-08-30", "close": 500.292694, "volume": 3087703, "typical_volume": 910891.8, "trend": 354.230625, "fair_value": 470.130232, "relative_strength": 20.532851, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.838366, "energy": 91.178483, "activity_lines": [ 464.636102, 430.563956, 391.472125, 371.593143 ] }, { "date": "2024-09-06", "close": 485.909698, "volume": 782676, "typical_volume": 942127.05, "trend": 357.791852, "fair_value": 468.33264, "relative_strength": 18.806003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.716382, "energy": 87.558674, "activity_lines": [ 478.427482, 444.957969, 403.075236, 380.088567 ] }, { "date": "2024-09-13", "close": 481.074524, "volume": 489984, "typical_volume": 955328.95, "trend": 361.892973, "fair_value": 466.478737, "relative_strength": 15.227865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.25234, "energy": 85.032054, "activity_lines": [ 484.223869, 455.987962, 413.389945, 388.042288 ] }, { "date": "2024-09-20", "close": 489.847626, "volume": 1754127, "typical_volume": 1038214.5, "trend": 366.148968, "fair_value": 464.632969, "relative_strength": 15.328836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.012153, "energy": 75.584341, "activity_lines": [ 487.38091, 466.789226, 423.821724, 396.297427 ] }, { "date": "2024-09-27", "close": 479.280029, "volume": 445345, "typical_volume": 1048479.8, "trend": 370.215132, "fair_value": 462.722942, "relative_strength": 11.163125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.644728, "energy": 57.800332, "activity_lines": [ 484.741754, 473.448905, 432.471436, 403.596205 ] }, { "date": "2024-10-04", "close": 460.138733, "volume": 325630, "typical_volume": 1059096.35, "trend": 374.160351, "fair_value": 460.591479, "relative_strength": 11.674014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.72516, "energy": 49.123885, "activity_lines": [ 475.69436, 474.294727, 438.507037, 409.397728 ] }, { "date": "2024-10-11", "close": 474.843628, "volume": 560639, "typical_volume": 1081912.9, "trend": 379.810584, "fair_value": 458.684343, "relative_strength": 15.328897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.145194, "energy": 39.806362, "activity_lines": [ 474.225529, 476.649416, 445.274377, 415.893423 ] }, { "date": "2024-10-18", "close": 474.49472, "volume": 566020, "typical_volume": 1095711.35, "trend": 385.532055, "fair_value": 456.991113, "relative_strength": 15.801253, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.486031, "energy": 34.15018, "activity_lines": [ 473.378133, 477.400976, 451.248665, 422.002077 ] }, { "date": "2024-10-25", "close": 440.050354, "volume": 530629, "typical_volume": 1105802.15, "trend": 390.798159, "fair_value": 455.338163, "relative_strength": 10.452284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.713441, "energy": 25.147975, "activity_lines": [ 461.487935, 470.492182, 453.070965, 425.519387 ] }, { "date": "2024-11-01", "close": 491.093811, "volume": 441832, "typical_volume": 1065312.65, "trend": 396.179611, "fair_value": 453.800704, "relative_strength": 22.46862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.543357, "energy": 30.361663, "activity_lines": [ 469.932041, 473.14933, 459.075407, 431.990074 ] }, { "date": "2024-11-08", "close": 527.980652, "volume": 1731923, "typical_volume": 1053142.75, "trend": 402.875152, "fair_value": 452.699385, "relative_strength": 31.946844, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.151191, "energy": 42.611224, "activity_lines": [ 489.884176, 482.290798, 467.876901, 440.493367 ] }, { "date": "2024-11-15", "close": 479.230194, "volume": 1097297, "typical_volume": 1089560.9, "trend": 408.447859, "fair_value": 451.526073, "relative_strength": 22.533973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.730466, "energy": 35.242806, "activity_lines": [ 489.063363, 482.065128, 471.269586, 445.419499 ] }, { "date": "2024-11-22", "close": 453.758301, "volume": 429446, "typical_volume": 1082645.5, "trend": 412.566564, "fair_value": 450.20277, "relative_strength": 14.037608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.744131, "energy": 32.868859, "activity_lines": [ 479.459481, 477.32965, 471.617377, 448.342753 ] }, { "date": "2024-11-29", "close": 470.955566, "volume": 387055, "typical_volume": 1087468.8, "trend": 417.36624, "fair_value": 448.87135, "relative_strength": 16.946203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.239119, "energy": 28.333902, "activity_lines": [ 476.970449, 476.217607, 473.255408, 452.109785 ] }, { "date": "2024-12-06", "close": 489.79776, "volume": 647642, "typical_volume": 1106148.3, "trend": 423.254737, "fair_value": 447.789512, "relative_strength": 18.54497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.162435, "energy": 20.653322, "activity_lines": [ 478.7018, 478.874909, 476.196414, 456.782787 ] }, { "date": "2024-12-13", "close": 458.842712, "volume": 375486, "typical_volume": 1082394.9, "trend": 427.892627, "fair_value": 446.645955, "relative_strength": 10.411371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.802013, "energy": 14.70982, "activity_lines": [ 470.201206, 475.712789, 475.528049, 459.078785 ] }, { "date": "2024-12-20", "close": 421.507202, "volume": 428162, "typical_volume": 1068410.95, "trend": 431.433505, "fair_value": 445.268764, "relative_strength": 6.400001, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.37018, "energy": 8.356529, "activity_lines": [ 453.864638, 465.785958, 471.00504, 458.666822 ] }, { "date": "2024-12-27", "close": 412.335358, "volume": 245615, "typical_volume": 1044979.2, "trend": 435.462535, "fair_value": 443.640688, "relative_strength": 3.203133, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.34576, "energy": 19.230357, "activity_lines": [ 438.318988, 455.161273, 465.459252, 457.434684 ] }, { "date": "2025-01-03", "close": 414.428955, "volume": 350644, "typical_volume": 804372.95, "trend": 439.362465, "fair_value": 442.153566, "relative_strength": 3.122381, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.57864, "energy": 39.044055, "activity_lines": [ 426.232733, 446.047412, 460.042775, 456.077679 ] }, { "date": "2025-01-10", "close": 384.819733, "volume": 408295, "typical_volume": 754307.5, "trend": 440.831856, "fair_value": 440.090244, "relative_strength": -1.676926, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.594933, "energy": 59.376315, "activity_lines": [ 408.045178, 432.0159, 452.003105, 452.558793 ] }, { "date": "2025-01-17", "close": 385.567444, "volume": 275647, "typical_volume": 613704.7, "trend": 441.446108, "fair_value": 437.945006, "relative_strength": -0.380575, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.792462, "energy": 61.662085, "activity_lines": [ 397.105396, 420.052591, 444.48247, 448.993347 ] }, { "date": "2025-01-24", "close": 347.534119, "volume": 259471, "typical_volume": 587544.45, "trend": 441.389235, "fair_value": 435.632231, "relative_strength": -9.508471, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.444049, "energy": 69.532728, "activity_lines": [ 378.372856, 403.763463, 433.885924, 442.934509 ] }, { "date": "2025-01-31", "close": 333.925842, "volume": 399124, "typical_volume": 583001.45, "trend": 439.827984, "fair_value": 433.365136, "relative_strength": -14.283437, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.893144, "energy": 84.76102, "activity_lines": [ 360.035763, 387.394577, 422.652283, 436.001386 ] }, { "date": "2025-02-07", "close": 333.826141, "volume": 318672, "typical_volume": 511228.7, "trend": 438.697639, "fair_value": 431.26291, "relative_strength": -14.174478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.327234, "energy": 87.73512, "activity_lines": [ 346.892737, 373.186335, 412.109855, 429.162558 ] }, { "date": "2025-02-14", "close": 275.156097, "volume": 802876, "typical_volume": 529105.25, "trend": 436.171815, "fair_value": 428.955483, "relative_strength": -26.951347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.335372, "energy": 95.573642, "activity_lines": [ 319.56655, 350.804075, 396.722763, 418.611491 ] }, { "date": "2025-02-21", "close": 251.777786, "volume": 717541, "typical_volume": 548700.8, "trend": 431.361826, "fair_value": 426.784273, "relative_strength": -32.350304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.176092, "energy": 95.634551, "activity_lines": [ 291.758503, 328.073789, 380.081184, 406.715102 ] }, { "date": "2025-02-28", "close": 236.773804, "volume": 348565, "typical_volume": 538097.1, "trend": 426.24893, "fair_value": 424.639038, "relative_strength": -34.040498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.212857, "energy": 94.900851, "activity_lines": [ 267.868439, 306.380323, 363.002849, 394.161036 ] }, { "date": "2025-03-07", "close": 236.54451, "volume": 466453, "typical_volume": 533118.75, "trend": 420.879786, "fair_value": 422.390433, "relative_strength": -34.991742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.157421, "energy": 92.214219, "activity_lines": [ 251.285964, 288.003956, 347.036342, 381.922041 ] }, { "date": "2025-03-14", "close": 213.505173, "volume": 318664, "typical_volume": 522520.5, "trend": 412.805204, "fair_value": 419.646667, "relative_strength": -40.610038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.43386, "energy": 93.153023, "activity_lines": [ 233.515799, 268.634816, 330.00871, 368.543034 ] }, { "date": "2025-03-21", "close": 230.203964, "volume": 299292, "typical_volume": 515393.5, "trend": 404.516571, "fair_value": 417.106149, "relative_strength": -38.294602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.388787, "energy": 87.178019, "activity_lines": [ 229.333296, 255.95498, 315.650225, 356.762308 ] }, { "date": "2025-03-28", "close": 212.607925, "volume": 483942, "typical_volume": 452994.45, "trend": 394.927079, "fair_value": 414.573406, "relative_strength": -43.174726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.140211, "energy": 81.882435, "activity_lines": [ 222.282255, 242.887059, 300.858259, 344.381106 ] }, { "date": "2025-04-04", "close": 238.11969, "volume": 174422, "typical_volume": 406850.7, "trend": 386.667412, "fair_value": 412.051984, "relative_strength": -34.310224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.39917, "energy": 66.410153, "activity_lines": [ 226.34646, 237.60236, 289.99776, 334.2645 ] }, { "date": "2025-04-11", "close": 233.025314, "volume": 82140, "typical_volume": 389485.4, "trend": 378.399105, "fair_value": 409.55107, "relative_strength": -35.161655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.166641, "energy": 63.825779, "activity_lines": [ 228.622814, 233.380764, 279.800227, 324.352106 ] }, { "date": "2025-04-18", "close": 259.952728, "volume": 61994, "typical_volume": 373232.35, "trend": 370.735942, "fair_value": 407.074666, "relative_strength": -30.500875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.966814, "energy": 55.994216, "activity_lines": [ 240.109585, 235.889616, 273.21832, 316.710405 ] }, { "date": "2025-04-25", "close": 269.712799, "volume": 129132, "typical_volume": 347306.85, "trend": 363.750367, "fair_value": 404.908297, "relative_strength": -28.145387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.221882, "energy": 45.597115, "activity_lines": [ 251.75321, 241.516179, 268.570719, 310.192783 ] }, { "date": "2025-05-02", "close": 258.905945, "volume": 33832, "typical_volume": 330224.15, "trend": 357.042608, "fair_value": 402.72202, "relative_strength": -31.565367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.282011, "energy": 38.07087, "activity_lines": [ 257.160628, 245.27683, 263.941917, 303.428626 ] }, { "date": "2025-05-09", "close": 245.247818, "volume": 56122, "typical_volume": 311622.15, "trend": 349.389414, "fair_value": 400.508003, "relative_strength": -33.935347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.270404, "energy": 32.631164, "activity_lines": [ 254.928802, 246.424581, 258.964421, 296.216059 ] }, { "date": "2025-05-16", "close": 267.579315, "volume": 59941, "typical_volume": 302338.45, "trend": 342.492234, "fair_value": 398.594099, "relative_strength": -30.529129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.640861, "energy": 29.756295, "activity_lines": [ 259.665601, 251.478532, 256.953064, 290.937988 ] }, { "date": "2025-05-23", "close": 294.397064, "volume": 139423, "typical_volume": 291777.4, "trend": 337.637124, "fair_value": 396.887864, "relative_strength": -22.872088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.748382, "energy": 17.900832, "activity_lines": [ 271.038048, 260.844167, 258.185094, 287.835074 ] }, { "date": "2025-05-30", "close": 293.001343, "volume": 132467, "typical_volume": 277986.0, "trend": 331.034042, "fair_value": 395.135974, "relative_strength": -22.813861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.25726, "energy": 17.568536, "activity_lines": [ 279.648966, 268.485274, 259.855778, 284.955346 ] }, { "date": "2025-06-06", "close": 288.315735, "volume": 58368, "typical_volume": 267122.05, "trend": 323.045211, "fair_value": 393.396452, "relative_strength": -24.697743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.099244, "energy": 22.144295, "activity_lines": [ 285.145446, 274.132682, 261.517444, 282.199327 ] }, { "date": "2025-06-13", "close": 275.156097, "volume": 44600, "typical_volume": 256378.5, "trend": 316.242741, "fair_value": 391.864349, "relative_strength": -26.997062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.515206, "energy": 21.883419, "activity_lines": [ 284.294726, 276.010922, 262.388915, 279.109706 ] }, { "date": "2025-06-20", "close": 284.278107, "volume": 91990, "typical_volume": 241021.8, "trend": 310.593402, "fair_value": 390.257492, "relative_strength": -25.354608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.542125, "energy": 16.629887, "activity_lines": [ 284.490792, 278.87432, 264.473805, 277.047472 ] }, { "date": "2025-06-27", "close": 303.469238, "volume": 306092, "typical_volume": 240392.8, "trend": 305.010524, "fair_value": 388.691692, "relative_strength": -21.679421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.568408, "energy": 19.903551, "activity_lines": [ 289.970648, 284.295146, 268.622841, 276.587848 ] }, { "date": "2025-07-04", "close": 369.516663, "volume": 2365016, "typical_volume": 318499.8, "trend": 301.001154, "fair_value": 387.466677, "relative_strength": -3.831804, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.875541, "energy": 60.000256, "activity_lines": [ 316.861501, 300.933386, 279.206663, 280.749535 ] }, { "date": "2025-07-11", "close": 367.27356, "volume": 407698, "typical_volume": 303007.65, "trend": 297.948849, "fair_value": 386.136776, "relative_strength": -3.183067, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.435847, "energy": 77.72282, "activity_lines": [ 337.903632, 315.349173, 289.127522, 285.025174 ] }, { "date": "2025-07-18", "close": 389.206299, "volume": 939195, "typical_volume": 332539.15, "trend": 296.872152, "fair_value": 384.859644, "relative_strength": 3.175542, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.172702, "energy": 84.516929, "activity_lines": [ 360.99282, 331.78241, 300.587232, 290.912751 ] }, { "date": "2025-07-25", "close": 371.410858, "volume": 483232, "typical_volume": 333378.1, "trend": 295.508002, "fair_value": 383.636735, "relative_strength": -0.89554, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.657089, "energy": 88.094055, "activity_lines": [ 370.546849, 342.362685, 309.626269, 295.7217 ] }, { "date": "2025-08-01", "close": 370.563477, "volume": 637802, "typical_volume": 349335.0, "trend": 294.04582, "fair_value": 382.301701, "relative_strength": 0.061026, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.342454, "energy": 85.955572, "activity_lines": [ 374.009566, 350.901046, 317.942383, 300.563989 ] }, { "date": "2025-08-08", "close": 347.883057, "volume": 280043, "typical_volume": 348372.55, "trend": 292.814597, "fair_value": 380.749199, "relative_strength": -5.037248, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.232383, "energy": 60.050648, "activity_lines": [ 365.439195, 353.930849, 323.35056, 304.037359 ] }, { "date": "2025-08-15", "close": 332.131348, "volume": 1227281, "typical_volume": 385539.5, "trend": 291.033394, "fair_value": 379.331337, "relative_strength": -9.736307, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.686546, "energy": 40.175205, "activity_lines": [ 353.060494, 353.098856, 326.698198, 306.573923 ] }, { "date": "2025-08-22", "close": 370.015137, "volume": 997040, "typical_volume": 426670.4, "trend": 291.782761, "fair_value": 378.122662, "relative_strength": 0.162885, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.077967, "energy": 38.107884, "activity_lines": [ 355.652537, 358.358177, 333.084657, 311.66952 ] }, { "date": "2025-08-29", "close": 351.571716, "volume": 333859, "typical_volume": 439256.35, "trend": 292.370957, "fair_value": 376.815764, "relative_strength": -2.416529, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.410501, "energy": 29.042681, "activity_lines": [ 353.376184, 358.539439, 337.086525, 315.526872 ] }, { "date": "2025-09-05", "close": 333.576904, "volume": 257952, "typical_volume": 449054.25, "trend": 292.362649, "fair_value": 375.316988, "relative_strength": -7.857726, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.013279, "energy": 23.559769, "activity_lines": [ 346.42417, 354.225397, 338.810096, 318.18532 ] }, { "date": "2025-09-12", "close": 328.891266, "volume": 170340, "typical_volume": 451114.65, "trend": 294.153821, "fair_value": 373.822788, "relative_strength": -9.804722, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.472783, "energy": 20.692196, "activity_lines": [ 340.376048, 348.512009, 339.736823, 320.542005 ] }, { "date": "2025-09-19", "close": 321.649994, "volume": 197001, "typical_volume": 459273.1, "trend": 296.482895, "fair_value": 372.289472, "relative_strength": -11.797408, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.701064, "energy": 18.731916, "activity_lines": [ 333.180288, 342.220669, 339.692104, 322.315952 ] }, { "date": "2025-09-26", "close": 298.899994, "volume": 177160, "typical_volume": 465325.0, "trend": 298.553768, "fair_value": 370.770045, "relative_strength": -15.099401, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.997141, "energy": 15.89691, "activity_lines": [ 319.099951, 332.622485, 337.181937, 322.471893 ] }, { "date": "2025-10-03", "close": 307.200012, "volume": 146608, "typical_volume": 469658.35, "trend": 300.908951, "fair_value": 369.386384, "relative_strength": -12.871054, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.722094, "energy": 20.101983, "activity_lines": [ 312.527297, 326.175328, 335.206761, 323.029716 ] }, { "date": "2025-10-10", "close": 316.350006, "volume": 341200, "typical_volume": 479747.2, "trend": 304.337112, "fair_value": 368.152192, "relative_strength": -10.875944, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.732464, "energy": 19.25398, "activity_lines": [ 311.962754, 322.559277, 333.914343, 324.025913 ] }, { "date": "2025-10-17", "close": 300.200012, "volume": 242973, "typical_volume": 485272.5, "trend": 306.670314, "fair_value": 366.874808, "relative_strength": -15.968682, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.798598, "energy": 31.298956, "activity_lines": [ 307.16334, 316.992562, 330.979293, 323.759003 ] }, { "date": "2025-10-24", "close": 305.75, "volume": 95256, "typical_volume": 487116.9, "trend": 309.77505, "fair_value": 365.598071, "relative_strength": -13.942422, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.349627, "energy": 34.044292, "activity_lines": [ 306.126672, 313.3019, 328.538533, 323.699628 ] }, { "date": "2025-10-31", "close": 299.850006, "volume": 87270, "typical_volume": 489250.4, "trend": 311.832727, "fair_value": 364.255253, "relative_strength": -14.340945, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.705352, "energy": 27.923745, "activity_lines": [ 304.183339, 309.018173, 325.452849, 323.059302 ] }, { "date": "2025-11-07", "close": 283.0, "volume": 97989, "typical_volume": 489550.35, "trend": 313.49855, "fair_value": 362.788545, "relative_strength": -17.165947, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.468627, "energy": 48.513961, "activity_lines": [ 296.560004, 302.946539, 320.644813, 321.199126 ] }, { "date": "2025-11-14", "close": 273.75, "volume": 131639, "typical_volume": 480827.7, "trend": 313.958459, "fair_value": 361.302869, "relative_strength": -20.041017, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.473716, "energy": 62.966881, "activity_lines": [ 287.466669, 296.439844, 314.96191, 318.634704 ] }, { "date": "2025-11-21", "close": 258.25, "volume": 202849, "typical_volume": 372719.35, "trend": 313.576366, "fair_value": 359.651786, "relative_strength": -24.022572, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.739703, "energy": 78.333774, "activity_lines": [ 276.046667, 288.20273, 307.944338, 315.04061 ] }, { "date": "2025-11-28", "close": 255.800003, "volume": 144143, "typical_volume": 359541.6, "trend": 313.472834, "fair_value": 357.904978, "relative_strength": -24.037706, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.219229, "energy": 91.318049, "activity_lines": [ 266.606668, 280.804548, 301.223273, 311.313103 ] }, { "date": "2025-12-05", "close": 245.949997, "volume": 93467, "typical_volume": 317255.2, "trend": 313.49624, "fair_value": 356.166158, "relative_strength": -25.75515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.074621, "energy": 92.81112, "activity_lines": [ 257.213333, 272.812729, 294.094939, 306.95679 ] }, { "date": "2025-12-12", "close": 241.0, "volume": 160528, "typical_volume": 301120.0, "trend": 312.610263, "fair_value": 354.39656, "relative_strength": -25.814019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.721085, "energy": 92.179061, "activity_lines": [ 249.763333, 264.883637, 287.177349, 302.279614 ] }, { "date": "2025-12-19", "close": 243.550003, "volume": 188777, "typical_volume": 278668.75, "trend": 310.915361, "fair_value": 352.872571, "relative_strength": -23.798907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.345488, "energy": 88.145603, "activity_lines": [ 245.963334, 258.621819, 281.123621, 297.824113 ] }, { "date": "2025-12-26", "close": 248.149994, "volume": 118956, "typical_volume": 270614.4, "trend": 309.420316, "fair_value": 351.292016, "relative_strength": -21.632591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.447813, "energy": 81.138906, "activity_lines": [ 245.709999, 254.52, 276.112814, 293.774734 ] }, { "date": "2026-01-02", "close": 243.190002, "volume": 149792, "typical_volume": 216739.95, "trend": 307.916125, "fair_value": 349.724122, "relative_strength": -23.05707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.73278, "energy": 65.818102, "activity_lines": [ 244.476666, 250.462727, 271.104546, 289.501811 ] }, { "date": "2026-01-09", "close": 222.490005, "volume": 152006, "typical_volume": 174488.25, "trend": 306.160589, "fair_value": 348.104508, "relative_strength": -26.929437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.037815, "energy": 71.494188, "activity_lines": [ 237.184001, 243.779273, 264.548379, 283.990448 ] }, { "date": "2026-01-16", "close": 217.5, "volume": 148100, "typical_volume": 165200.3, "trend": 303.934652, "fair_value": 346.490693, "relative_strength": -27.64215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.18045, "energy": 80.515727, "activity_lines": [ 229.792001, 237.595092, 258.219475, 278.27041 ] }, { "date": "2026-01-23", "close": 210.419998, "volume": 157548, "typical_volume": 160180.1, "trend": 300.83301, "fair_value": 344.879125, "relative_strength": -27.399447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.559661, "energy": 88.873675, "activity_lines": [ 221.606667, 231.314546, 251.854721, 272.237207 ] }, { "date": "2026-01-30", "close": 220.0, "volume": 142692, "typical_volume": 158797.7, "trend": 295.849122, "fair_value": 344.246337, "relative_strength": -24.214718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.463586, "energy": 77.711524, "activity_lines": [ 218.823334, 227.927273, 246.98881, 267.022174 ] }, { "date": "2026-02-06", "close": 224.630005, "volume": 245484, "typical_volume": 161221.85, "trend": 291.094336, "fair_value": 343.502241, "relative_strength": -23.042764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.404856, "energy": 64.625369, "activity_lines": [ 219.460002, 226.077274, 243.082382, 262.427392 ] }, { "date": "2026-02-13", "close": 207.470001, "volume": 314866, "typical_volume": 168107.15, "trend": 285.03646, "fair_value": 342.750392, "relative_strength": -27.829576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.424658, "energy": 65.380601, "activity_lines": [ 215.614001, 221.674001, 238.003668, 257.032274 ] }, { "date": "2026-02-20", "close": 210.160004, "volume": 202996, "typical_volume": 170926.55, "trend": 279.661431, "fair_value": 342.028807, "relative_strength": -26.827777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.145513, "energy": 60.719655, "activity_lines": [ 213.666002, 218.459456, 233.616525, 252.201535 ] }, { "date": "2026-02-27", "close": 208.470001, "volume": 139386, "typical_volume": 160835.85, "trend": 274.258316, "fair_value": 341.321473, "relative_strength": -25.977445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.671234, "energy": 59.710208, "activity_lines": [ 211.644002, 215.498365, 229.530525, 247.608539 ] }, { "date": "2026-03-06", "close": 194.910004, "volume": 203206, "typical_volume": 158847.5, "trend": 269.159214, "fair_value": 340.522136, "relative_strength": -28.421318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.186169, "energy": 65.305655, "activity_lines": [ 205.232003, 210.709639, 224.666811, 242.489293 ] }, { "date": "2026-03-13", "close": 172.910004, "volume": 516973, "typical_volume": 179933.35, "trend": 263.851836, "fair_value": 339.702121, "relative_strength": -32.696841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.427289, "energy": 76.856603, "activity_lines": [ 193.159337, 202.888912, 218.20924, 236.279667 ] }, { "date": "2026-03-20", "close": 179.389999, "volume": 524084, "typical_volume": 201774.05, "trend": 257.497664, "fair_value": 338.997313, "relative_strength": -29.808855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.050021, "energy": 77.913284, "activity_lines": [ 186.694669, 197.524184, 213.001382, 230.830516 ] }, { "date": "2026-03-27", "close": 166.809998, "volume": 398277, "typical_volume": 216788.45, "trend": 251.33894, "fair_value": 338.289025, "relative_strength": -33.68814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.760578, "energy": 86.766439, "activity_lines": [ 177.908667, 190.65582, 207.169049, 224.979699 ] }, { "date": "2026-04-03", "close": 175.820007, "volume": 257202, "typical_volume": 223066.6, "trend": 246.080377, "fair_value": 337.386686, "relative_strength": -29.451877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.010332, "energy": 74.488192, "activity_lines": [ 175.016002, 186.347275, 202.748097, 220.10751 ] }, { "date": "2026-04-10", "close": 190.990005, "volume": 256958, "typical_volume": 225772.05, "trend": 241.483668, "fair_value": 336.526021, "relative_strength": -27.33808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.807883, "energy": 58.407422, "activity_lines": [ 179.35667, 185.426003, 200.23824, 216.553292 ] }, { "date": "2026-04-17", "close": 210.410004, "volume": 584446, "typical_volume": 247787.2, "trend": 237.775669, "fair_value": 335.57741, "relative_strength": -20.630084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.852541, "energy": 39.501617, "activity_lines": [ 190.432004, 188.563094, 199.898193, 214.54854 ] }, { "date": "2026-04-24", "close": 212.559998, "volume": 653272, "typical_volume": 275777.45, "trend": 234.897669, "fair_value": 334.648932, "relative_strength": -17.953443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.834576, "energy": 23.035498, "activity_lines": [ 199.724002, 192.349639, 199.97905, 212.921722 ] }, { "date": "2026-05-01", "close": 219.139999, "volume": 286393, "typical_volume": 282070.7, "trend": 231.962335, "fair_value": 333.755012, "relative_strength": -15.539593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.183491, "energy": 23.213793, "activity_lines": [ 208.998001, 197.240002, 200.845573, 211.905098 ] }, { "date": "2026-05-08", "close": 222.240005, "volume": 276723, "typical_volume": 286468.0, "trend": 228.825335, "fair_value": 332.870485, "relative_strength": -14.822623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.182735, "energy": 22.812083, "activity_lines": [ 215.816669, 202.530729, 202.111431, 211.277851 ] }, { "date": "2026-05-15", "close": 204.520004, "volume": 137973, "typical_volume": 287418.85, "trend": 225.636002, "fair_value": 332.036536, "relative_strength": -19.555138, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.114919, "energy": 20.513088, "activity_lines": [ 213.634002, 204.349275, 201.791145, 209.709765 ] }, { "date": "2026-05-22", "close": 190.130005, "volume": 199551, "typical_volume": 289906.8, "trend": 221.782002, "fair_value": 331.110026, "relative_strength": -24.940135, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.878499, "energy": 16.934784, "activity_lines": [ 205.75267, 203.37673, 200.308145, 207.419056 ] }, { "date": "2026-05-29", "close": 177.899994, "volume": 383629, "typical_volume": 301487.95, "trend": 217.717001, "fair_value": 330.152432, "relative_strength": -28.706776, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.188954, "energy": 30.299232, "activity_lines": [ 195.146667, 199.867456, 197.913049, 204.587959 ] }, { "date": "2026-06-05", "close": 175.929993, "volume": 42897, "typical_volume": 296227.8, "trend": 214.148001, "fair_value": 328.976444, "relative_strength": -28.430168, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.267341, "energy": 49.054702, "activity_lines": [ 186.194665, 196.027091, 195.542668, 201.892023 ] }, { "date": "2026-06-12", "close": 188.880005, "volume": 76408, "typical_volume": 292170.8, "trend": 211.319001, "fair_value": 327.657382, "relative_strength": -23.557122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.465218, "energy": 54.046775, "activity_lines": [ 184.44, 194.375455, 194.603573, 200.261829 ] }, { "date": "2026-06-19", "close": 188.350006, "volume": 37804, "typical_volume": 286926.4, "trend": 208.989001, "fair_value": 326.4178, "relative_strength": -24.527874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.364156, "energy": 58.203581, "activity_lines": [ 184.732668, 192.390001, 193.716573, 198.779959 ] }, { "date": "2026-06-26", "close": 187.039993, "volume": 0, "typical_volume": 274652.2, "trend": 206.697001, "fair_value": 325.177124, "relative_strength": -24.61993, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.729008, "energy": 48.763618, "activity_lines": [ 185.666666, 190.214363, 192.855525, 197.363894 ] }, { "date": "2026-07-03", "close": 188.419998, "volume": 34841, "typical_volume": 260650.95, "trend": 204.779334, "fair_value": 323.933862, "relative_strength": -23.776738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.325002, "energy": 30.20777, "activity_lines": [ 187.266666, 188.714545, 192.304905, 196.184732 ] }, { "date": "2026-07-10", "close": 182.869995, "volume": 142040, "typical_volume": 257603.15, "trend": 202.841668, "fair_value": 322.759812, "relative_strength": -24.825958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.895027, "energy": 32.61835, "activity_lines": [ 186.315331, 186.644544, 191.316429, 194.771226 ] }, { "date": "2026-07-17", "close": 180.809998, "volume": 126234, "typical_volume": 256945.55, "trend": 200.750334, "fair_value": 321.615106, "relative_strength": -24.889366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.31884, "energy": 36.197409, "activity_lines": [ 184.214664, 184.859453, 190.261714, 193.349828 ] }, { "date": "2026-07-24", "close": 174.960007, "volume": 87467, "typical_volume": 251158.6, "trend": 198.310668, "fair_value": 320.443379, "relative_strength": -24.471298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.108019, "energy": 51.32267, "activity_lines": [ 180.702, 182.764, 188.781572, 191.685936 ] }, { "date": "2026-07-31", "close": 179.570007, "volume": 121841, "typical_volume": 231402.0, "trend": 196.190001, "fair_value": 319.275166, "relative_strength": -23.271196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.873503, "energy": 56.889706, "activity_lines": [ 179.61867, 182.044183, 187.835477, 190.476861 ] }, { "date": "2026-08-07", "close": 178.779999, "volume": 137234, "typical_volume": 212059.5, "trend": 194.733001, "fair_value": 318.033935, "relative_strength": -23.111478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.76268, "energy": 57.602532, "activity_lines": [ 178.770002, 181.372728, 186.782429, 189.353635 ] } ], "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." } } }