{ "ticker": { "uuid": "b072fa24-46c1-4f23-9a12-c32f03c150f1", "symbol": "6906", "name": "Groundhog Inc.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 53.472, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -16.58, "architecture_energy": 24.405, "architecture_maturity": 35.399, "architecture_confidence": 63.683, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.33, "rotation_up": 15.02, "upward_expansion": 15.27, "deceleration": 62.45, "rotation_down": 57.48, "downward_expansion": 40.27 }, "activity_lines": [ 71.479998, 75.235437, 78.391186, 76.656083 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 73.699997, "trend_reference": 75.099614, "distance_from_trend": -0.018637, "trend_direction": "Weakening", "fair_value": 124.31957, "distance_from_fair_value": -0.407173, "fair_value_direction": "Improving", "relative_strength": -39.920862, "relative_strength_direction": "Improving", "price_momentum": -0.004096, "excess_performance": -0.445468, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.018637, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.020881, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.407173, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.102492, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.399209, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.175532, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.004096, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.388417, "read": "Demand-led" } ], "volume": { "latest": 464010, "relative_activity": 0.612038, "balance": 1.388417, "dry_up": 0.450561, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.156453, "annualized_volatility": 0.652444, "from_high_reference": -0.426693, "from_low_reference": 0.250248 }, "levels": { "trend_reference": 75.099614, "fair_value_reference": 124.31957, "structural_low": 58.948317, "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": 3, "median_return": -0.111797, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.134137, "regime_survival": 0.666667, "best_return": -0.105802, "worst_return": -0.19726, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.147945, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.154444, "regime_survival": 0.0, "best_return": -0.147945, "worst_return": -0.147945, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.243836, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.175856, "regime_survival": 0.0, "best_return": -0.243836, "worst_return": -0.243836, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.490055, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.696224, "regime_survival": 0.0, "best_return": -0.490055, "worst_return": -0.490055, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": 0.036667, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.119346, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.382353, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-20", "tenure": "New", "return": 0.140065, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": -0.022409, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.039326, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-27", "tenure": "Developing", "return": -0.2, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": 0.188612, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.086817, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-16", "tenure": "Developing", "return": 0.040892, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.088968, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-05-15", "tenure": "Extended", "return": -0.500078, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-07-03", "tenure": "Developing", "return": 0.083037, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-14", "tenure": "Developing", "return": -0.080611, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 133.452042, "volume": 137829, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 118.520348, "volume": 204145, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 139.051422, "volume": 397695, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 129.719116, "volume": 77241, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 139.051422, "volume": 184633, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 134.851883, "volume": 126506, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 125.986191, "volume": 68886, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 128.785904, "volume": 83839, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 125.519577, "volume": 137717, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 125.986191, "volume": 139271, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 123.186493, "volume": 164998, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 124.586349, "volume": 99237, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 129.252518, "volume": 124597, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 146.517273, "volume": 463548, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 146.983902, "volume": 252554, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 143.71759, "volume": 136092, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 149.783585, "volume": 206548, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 148.850357, "volume": 253617, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 150.250214, "volume": 379518, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 150.250214, "volume": 331000, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 175.914063, "volume": 1465237, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 174.514206, "volume": 1152410, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 178.247131, "volume": 1660897, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 155.38298, "volume": 1773984, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 196.911774, "volume": 3987795, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 187.579453, "volume": 2939295, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 185.246384, "volume": 351250, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 179.180359, "volume": 660521, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 164.715271, "volume": 1926802, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 159.58252, "volume": 1084370, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 158.649292, "volume": 782742, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 157.249451, "volume": 407361, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 155.849594, "volume": 453585, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 158.649292, "volume": 748653, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 154.916367, "volume": 235162, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 146.983902, "volume": 718189, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 131.118973, "volume": 807290, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 125.052963, "volume": 491126, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 131.585587, "volume": 457602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 126.452805, "volume": 397112, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 134.385269, "volume": 687612, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 146.983902, "volume": 846942, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 141.384506, "volume": 795887, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 148.850357, "volume": 879122, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 140.917892, "volume": 334085, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 140.451279, "volume": 298162, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 139.98465, "volume": 264755, "typical_volume": 663854.0, "trend": 154.8697, "fair_value": 147.749183, "relative_strength": -24.113548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.333212, "energy": 18.892486, "activity_lines": [ 141.571151, 140.391888, 141.948891, 148.361667 ] }, { "date": "2024-07-05", "close": 145.117432, "volume": 325046, "typical_volume": 647080.25, "trend": 154.745269, "fair_value": 147.716692, "relative_strength": -22.680811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.494863, "energy": 15.764132, "activity_lines": [ 142.504383, 141.757799, 141.755579, 147.732488 ] }, { "date": "2024-07-12", "close": 146.050659, "volume": 485029, "typical_volume": 574991.6, "trend": 154.605284, "fair_value": 147.696375, "relative_strength": -23.009556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.710489, "energy": 12.495609, "activity_lines": [ 143.499828, 142.928579, 141.81335, 147.171545 ] }, { "date": "2024-07-19", "close": 139.98465, "volume": 336346, "typical_volume": 537590.4, "trend": 154.263099, "fair_value": 147.603462, "relative_strength": -22.416167, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.978235, "energy": 17.207635, "activity_lines": [ 142.659917, 142.733447, 141.382285, 146.228279 ] }, { "date": "2024-07-26", "close": 133.383759, "volume": 268036, "typical_volume": 511855.1, "trend": 152.845422, "fair_value": 147.43418, "relative_strength": -23.140576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.856168, "energy": 25.112804, "activity_lines": [ 139.681926, 141.09212, 140.415886, 144.881224 ] }, { "date": "2024-08-02", "close": 128.620056, "volume": 210044, "typical_volume": 501989.25, "trend": 151.315617, "fair_value": 147.212838, "relative_strength": -23.79557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.256641, "energy": 47.4624, "activity_lines": [ 135.587201, 138.602874, 139.116114, 143.318298 ] }, { "date": "2024-08-09", "close": 113.376198, "volume": 521142, "typical_volume": 505367.1, "trend": 149.153253, "fair_value": 146.819388, "relative_strength": -31.834701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.105093, "energy": 73.812435, "activity_lines": [ 127.16883, 133.675905, 136.500876, 140.870593 ] }, { "date": "2024-08-16", "close": 121.950867, "volume": 246000, "typical_volume": 480234.45, "trend": 148.038849, "fair_value": 146.533543, "relative_strength": -29.255088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.729937, "energy": 73.618077, "activity_lines": [ 123.724764, 130.81721, 134.904528, 139.115601 ] }, { "date": "2024-08-23", "close": 150.533096, "volume": 1925271, "typical_volume": 564739.9, "trend": 146.492893, "fair_value": 146.578993, "relative_strength": -11.558077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.401715, "energy": 36.028408, "activity_lines": [ 131.414761, 133.644365, 136.205051, 139.27652 ] }, { "date": "2024-08-30", "close": 156.725922, "volume": 1470881, "typical_volume": 602374.5, "trend": 145.464442, "fair_value": 146.693003, "relative_strength": -8.201105, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.702534, "energy": 5.020231, "activity_lines": [ 140.465803, 137.422666, 138.11624, 139.936715 ] }, { "date": "2024-09-06", "close": 146.245758, "volume": 615196, "typical_volume": 592769.8, "trend": 144.164421, "fair_value": 146.688034, "relative_strength": -10.660234, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.732125, "energy": 19.616574, "activity_lines": [ 144.467313, 138.99958, 138.982927, 139.987123 ] }, { "date": "2024-09-13", "close": 144.816666, "volume": 564097, "typical_volume": 596418.35, "trend": 143.018965, "fair_value": 146.667469, "relative_strength": -12.563015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.323969, "energy": 26.934689, "activity_lines": [ 146.817412, 140.202821, 139.641478, 140.029203 ] }, { "date": "2024-09-20", "close": 166.729691, "volume": 3854683, "typical_volume": 766272.4, "trend": 143.086112, "fair_value": 146.885537, "relative_strength": -1.102541, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 47.331197, "energy": 52.533574, "activity_lines": [ 154.375822, 145.395717, 142.292871, 141.558927 ] }, { "date": "2024-09-27", "close": 170.064285, "volume": 4409323, "typical_volume": 966882.95, "trend": 143.435504, "fair_value": 147.134771, "relative_strength": -1.951686, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.574617, "energy": 62.802008, "activity_lines": [ 160.060508, 150.818921, 145.094492, 143.299455 ] }, { "date": "2024-10-04", "close": 166.253326, "volume": 1848012, "typical_volume": 1024902.95, "trend": 143.688972, "fair_value": 147.33816, "relative_strength": -1.878087, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.22085, "energy": 70.764529, "activity_lines": [ 163.172796, 155.00232, 147.32549, 144.771572 ] }, { "date": "2024-10-11", "close": 169.587921, "volume": 2797616, "typical_volume": 1122436.65, "trend": 144.100254, "fair_value": 147.572368, "relative_strength": -2.502453, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.142252, "energy": 73.341325, "activity_lines": [ 166.761454, 159.194381, 149.722316, 146.442472 ] }, { "date": "2024-10-18", "close": 171.969788, "volume": 2816638, "typical_volume": 1223474.2, "trend": 144.637594, "fair_value": 147.826507, "relative_strength": -3.556491, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.267961, "energy": 69.553663, "activity_lines": [ 169.587924, 163.074638, 152.238348, 148.240507 ] }, { "date": "2024-10-25", "close": 177.686234, "volume": 6238082, "typical_volume": 1491422.2, "trend": 145.272159, "fair_value": 148.13434, "relative_strength": 0.270178, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.812183, "energy": 64.194261, "activity_lines": [ 172.509668, 166.928911, 155.15316, 150.372677 ] }, { "date": "2024-11-01", "close": 163.871475, "volume": 2222231, "typical_volume": 1585829.5, "trend": 145.570662, "fair_value": 148.294923, "relative_strength": -5.065331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.458653, "energy": 44.416711, "activity_lines": [ 170.096056, 167.25804, 156.614966, 151.572633 ] }, { "date": "2024-11-08", "close": 159.584137, "volume": 1169057, "typical_volume": 1629374.25, "trend": 145.99067, "fair_value": 148.408955, "relative_strength": -10.128518, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.044631, "energy": 36.73729, "activity_lines": [ 166.666186, 166.565136, 157.559152, 152.476728 ] }, { "date": "2024-11-15", "close": 162.918732, "volume": 1725919, "typical_volume": 1702432.45, "trend": 147.050662, "fair_value": 148.554053, "relative_strength": -4.643271, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.345389, "energy": 26.763079, "activity_lines": [ 164.792459, 166.426555, 158.72981, 153.568861 ] }, { "date": "2024-11-22", "close": 173.875259, "volume": 1827260, "typical_volume": 1777543.15, "trend": 148.678072, "fair_value": 148.804758, "relative_strength": 1.238926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.805399, "energy": 28.136342, "activity_lines": [ 167.015521, 167.976925, 160.834736, 155.29948 ] }, { "date": "2024-11-29", "close": 164.347855, "volume": 1283545, "typical_volume": 1817468.95, "trend": 149.770148, "fair_value": 148.957141, "relative_strength": -1.24394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.70838, "energy": 22.51525, "activity_lines": [ 165.93575, 167.266701, 161.895348, 156.310434 ] }, { "date": "2024-12-06", "close": 166.253326, "volume": 1988398, "typical_volume": 1900071.55, "trend": 151.096832, "fair_value": 149.125065, "relative_strength": -3.762875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.534863, "energy": 23.498968, "activity_lines": [ 166.380362, 166.946233, 163.050305, 157.373865 ] }, { "date": "2024-12-13", "close": 151.009476, "volume": 1406311, "typical_volume": 1956985.3, "trend": 151.650972, "fair_value": 149.143185, "relative_strength": -11.487113, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.359223, "energy": 11.893334, "activity_lines": [ 161.5849, 163.923446, 162.628377, 157.368229 ] }, { "date": "2024-12-20", "close": 139.576569, "volume": 829137, "typical_volume": 1987939.95, "trend": 151.404061, "fair_value": 149.052074, "relative_strength": -15.823342, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.369675, "energy": 17.116546, "activity_lines": [ 153.550113, 159.099109, 161.033669, 156.589235 ] }, { "date": "2024-12-27", "close": 139.100204, "volume": 416040, "typical_volume": 1982684.85, "trend": 151.327917, "fair_value": 148.958189, "relative_strength": -18.048975, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.235813, "energy": 38.276711, "activity_lines": [ 146.912682, 154.733822, 159.341419, 155.795438 ] }, { "date": "2025-01-03", "close": 133.860138, "volume": 321751, "typical_volume": 1986472.4, "trend": 150.828243, "fair_value": 148.817085, "relative_strength": -18.991708, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.950999, "energy": 57.741339, "activity_lines": [ 140.846899, 150.013424, 157.02762, 154.668484 ] }, { "date": "2025-01-10", "close": 127.190941, "volume": 556254, "typical_volume": 1918021.55, "trend": 150.370678, "fair_value": 148.616843, "relative_strength": -22.412054, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.31248, "energy": 66.316843, "activity_lines": [ 134.590566, 144.877283, 154.021948, 153.143497 ] }, { "date": "2025-01-17", "close": 124.80909, "volume": 472376, "typical_volume": 1868096.3, "trend": 149.849272, "fair_value": 148.398423, "relative_strength": -23.612739, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.288836, "energy": 70.357989, "activity_lines": [ 130.14444, 139.974997, 150.900587, 151.494362 ] }, { "date": "2025-01-24", "close": 126.238213, "volume": 140400, "typical_volume": 1844356.5, "trend": 149.391057, "fair_value": 148.196967, "relative_strength": -22.804442, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.323147, "energy": 70.073165, "activity_lines": [ 127.921382, 135.964825, 148.067317, 149.971068 ] }, { "date": "2025-02-07", "close": 156.725922, "volume": 2675331, "typical_volume": 1949918.2, "trend": 149.778007, "fair_value": 148.273804, "relative_strength": -2.972383, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.757633, "energy": 29.891831, "activity_lines": [ 136.750117, 138.164791, 148.232913, 150.444285 ] }, { "date": "2025-02-14", "close": 160.53688, "volume": 5947723, "typical_volume": 2054570.2, "trend": 150.260881, "fair_value": 148.383296, "relative_strength": 1.724078, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 4.563711, "energy": 7.640203, "activity_lines": [ 145.674123, 141.369465, 148.704746, 151.138406 ] }, { "date": "2025-02-21", "close": 159.107773, "volume": 3013414, "typical_volume": 1984774.75, "trend": 150.898319, "fair_value": 148.478203, "relative_strength": -0.817185, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 13.791002, "energy": 21.332445, "activity_lines": [ 152.343311, 144.383592, 149.069964, 151.709173 ] }, { "date": "2025-02-28", "close": 148.151245, "volume": 1227299, "typical_volume": 1953739.1, "trend": 151.390568, "fair_value": 148.475335, "relative_strength": -4.310402, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.548063, "energy": 24.560257, "activity_lines": [ 153.232534, 145.535542, 148.443876, 151.531943 ] }, { "date": "2025-03-07", "close": 141.482071, "volume": 933201, "typical_volume": 1860518.35, "trend": 151.819302, "fair_value": 148.414524, "relative_strength": -6.105853, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.255634, "energy": 24.743746, "activity_lines": [ 150.342556, 145.526882, 147.26883, 150.892685 ] }, { "date": "2025-03-14", "close": 135.289246, "volume": 500172, "typical_volume": 1744695.05, "trend": 152.549737, "fair_value": 148.301375, "relative_strength": -7.233533, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.49478, "energy": 21.619657, "activity_lines": [ 144.372045, 144.357609, 145.637828, 149.82623 ] }, { "date": "2025-03-21", "close": 135.289246, "volume": 337125, "typical_volume": 1449647.2, "trend": 152.99435, "fair_value": 148.19016, "relative_strength": -7.733175, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.632819, "energy": 49.545296, "activity_lines": [ 139.830646, 143.257626, 144.181495, 148.71265 ] }, { "date": "2025-03-28", "close": 128.143692, "volume": 522413, "typical_volume": 1364656.3, "trend": 152.248036, "fair_value": 148.020275, "relative_strength": -9.687698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.717762, "energy": 68.948066, "activity_lines": [ 134.590571, 140.832468, 142.246524, 147.109382 ] }, { "date": "2025-04-04", "close": 122.90361, "volume": 392402, "typical_volume": 1325823.55, "trend": 151.120626, "fair_value": 147.809211, "relative_strength": -11.611998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.944887, "energy": 77.417866, "activity_lines": [ 129.668075, 137.437245, 139.98263, 145.216193 ] }, { "date": "2025-04-11", "close": 117.663536, "volume": 1297278, "typical_volume": 1304391.5, "trend": 150.167885, "fair_value": 147.557997, "relative_strength": -7.278491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.7767, "energy": 78.083069, "activity_lines": [ 124.682062, 133.123926, 137.39435, 143.057671 ] }, { "date": "2025-04-18", "close": 131.954651, "volume": 2864256, "typical_volume": 1356241.3, "trend": 149.739151, "fair_value": 147.429043, "relative_strength": 4.788519, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.194768, "energy": 60.894118, "activity_lines": [ 126.047657, 131.564895, 136.38263, 141.882623 ] }, { "date": "2025-04-25", "close": 138.62384, "volume": 1377063, "typical_volume": 1360917.2, "trend": 148.802289, "fair_value": 147.356869, "relative_strength": 7.355521, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.64097, "energy": 38.484815, "activity_lines": [ 129.858622, 131.66883, 136.205692, 141.165507 ] }, { "date": "2025-05-02", "close": 139.576569, "volume": 648204, "typical_volume": 1293907.5, "trend": 147.786032, "fair_value": 147.293615, "relative_strength": 3.183472, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.37507, "energy": 23.414189, "activity_lines": [ 133.764856, 132.344408, 136.241986, 140.570299 ] }, { "date": "2025-05-09", "close": 134.812881, "volume": 752764, "typical_volume": 1261230.15, "trend": 146.738017, "fair_value": 147.192964, "relative_strength": -0.9374, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.338537, "energy": 19.443126, "activity_lines": [ 135.321003, 132.508974, 135.951627, 139.733321 ] }, { "date": "2025-05-16", "close": 133.383759, "volume": 951101, "typical_volume": 1267328.35, "trend": 145.531212, "fair_value": 147.08249, "relative_strength": -6.154404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.655951, "energy": 19.039771, "activity_lines": [ 135.606824, 132.656214, 135.602289, 138.871756 ] }, { "date": "2025-05-23", "close": 133.860138, "volume": 522326, "typical_volume": 1272642.65, "trend": 144.26089, "fair_value": 146.977551, "relative_strength": -4.947379, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.013095, "energy": 15.565648, "activity_lines": [ 135.003423, 133.037312, 135.327809, 138.118784 ] }, { "date": "2025-05-30", "close": 131.478287, "volume": 319188, "typical_volume": 1272514.5, "trend": 142.720625, "fair_value": 146.85551, "relative_strength": -5.120833, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.584015, "energy": 18.457356, "activity_lines": [ 133.47904, 133.011329, 134.851439, 137.2941 ] }, { "date": "2025-06-06", "close": 130.525543, "volume": 881121, "typical_volume": 1288757.85, "trend": 141.609094, "fair_value": 146.727932, "relative_strength": -6.991562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.351352, "energy": 24.908586, "activity_lines": [ 132.113445, 132.88141, 134.295673, 136.50732 ] }, { "date": "2025-06-13", "close": 126.238213, "volume": 736209, "typical_volume": 1301949.5, "trend": 140.497564, "fair_value": 146.569097, "relative_strength": -11.440086, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.810552, "energy": 30.984441, "activity_lines": [ 129.922142, 131.92867, 133.315712, 135.51565 ] }, { "date": "2025-06-20", "close": 121.950867, "volume": 354299, "typical_volume": 1312644.45, "trend": 139.131968, "fair_value": 146.379726, "relative_strength": -14.155593, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.462925, "energy": 46.822035, "activity_lines": [ 126.873369, 130.135784, 131.920626, 134.319089 ] }, { "date": "2025-06-27", "close": 126.714577, "volume": 168254, "typical_volume": 1187290.6, "trend": 137.559945, "fair_value": 146.22961, "relative_strength": -12.801643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.120293, "energy": 45.590055, "activity_lines": [ 126.174691, 129.131075, 130.999643, 133.517967 ] }, { "date": "2025-07-04", "close": 125.285461, "volume": 327256, "typical_volume": 906267.25, "trend": 136.257865, "fair_value": 146.070942, "relative_strength": -13.525818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.083578, "energy": 45.633416, "activity_lines": [ 125.476012, 127.961802, 130.085465, 132.726065 ] }, { "date": "2025-07-11", "close": 124.80909, "volume": 104000, "typical_volume": 760796.55, "trend": 134.876391, "fair_value": 145.911079, "relative_strength": -14.452575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.281301, "energy": 46.221354, "activity_lines": [ 125.031398, 126.948431, 129.293782, 131.987435 ] }, { "date": "2025-07-18", "close": 125.13076, "volume": 214140, "typical_volume": 710138.6, "trend": 134.013767, "fair_value": 145.756002, "relative_strength": -16.36117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.246806, "energy": 40.578983, "activity_lines": [ 125.075104, 126.262045, 128.696062, 131.358684 ] }, { "date": "2025-07-25", "close": 119.754051, "volume": 256162, "typical_volume": 676286.65, "trend": 133.353016, "fair_value": 145.563395, "relative_strength": -19.650347, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.762015, "energy": 52.917035, "activity_lines": [ 123.400404, 124.774114, 127.695895, 130.438702 ] }, { "date": "2025-08-01", "close": 121.220427, "volume": 169711, "typical_volume": 659763.6, "trend": 132.757024, "fair_value": 145.384402, "relative_strength": -18.699261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.393021, "energy": 53.563992, "activity_lines": [ 122.360951, 123.80061, 126.93885, 129.655955 ] }, { "date": "2025-08-08", "close": 122.198006, "volume": 127018, "typical_volume": 649258.25, "trend": 132.368286, "fair_value": 145.215158, "relative_strength": -19.838282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.230453, "energy": 51.676641, "activity_lines": [ 122.013633, 123.234661, 126.341902, 128.974728 ] }, { "date": "2025-08-15", "close": 113.39975, "volume": 419460, "typical_volume": 644110.6, "trend": 131.90858, "fair_value": 144.984612, "relative_strength": -26.429012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.482451, "energy": 68.391494, "activity_lines": [ 118.939394, 121.237761, 124.969364, 127.750951 ] }, { "date": "2025-08-22", "close": 115.354919, "volume": 312110, "typical_volume": 640096.0, "trend": 131.593441, "fair_value": 144.771449, "relative_strength": -23.225025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.866105, "energy": 68.081782, "activity_lines": [ 117.277501, 119.907724, 123.853242, 126.682973 ] }, { "date": "2025-08-29", "close": 114.866127, "volume": 426231, "typical_volume": 596543.65, "trend": 131.214371, "fair_value": 144.557839, "relative_strength": -24.557528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.134513, "energy": 67.312303, "activity_lines": [ 116.1044, 118.686695, 122.726514, 125.603792 ] }, { "date": "2025-09-05", "close": 119.265259, "volume": 1048246, "typical_volume": 505743.15, "trend": 129.965682, "fair_value": 144.378459, "relative_strength": -21.986496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.6888, "energy": 51.185388, "activity_lines": [ 116.723538, 118.394321, 122.032073, 124.832881 ] }, { "date": "2025-09-12", "close": 116.332504, "volume": 316143, "typical_volume": 452697.15, "trend": 128.492203, "fair_value": 144.180953, "relative_strength": -26.320208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.738586, "energy": 42.845661, "activity_lines": [ 116.495435, 117.70416, 121.118747, 123.953321 ] }, { "date": "2025-09-19", "close": 118.287674, "volume": 441068, "typical_volume": 442340.35, "trend": 127.131533, "fair_value": 143.999881, "relative_strength": -24.91258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.973787, "energy": 35.594204, "activity_lines": [ 117.310089, 117.532267, 120.497777, 123.294965 ] }, { "date": "2025-09-26", "close": 106.556664, "volume": 557376, "typical_volume": 432570.95, "trend": 125.745047, "fair_value": 143.739858, "relative_strength": -31.647623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.834484, "energy": 49.061944, "activity_lines": [ 113.888545, 115.346033, 118.860943, 121.967554 ] }, { "date": "2025-10-03", "close": 105.579079, "volume": 229001, "typical_volume": 396465.95, "trend": 124.548281, "fair_value": 143.476681, "relative_strength": -34.538579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.501039, "energy": 69.025041, "activity_lines": [ 110.727689, 113.319768, 117.26556, 120.666523 ] }, { "date": "2025-10-10", "close": 105.090286, "volume": 149071, "typical_volume": 377803.2, "trend": 123.541649, "fair_value": 143.21376, "relative_strength": -35.389184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.921179, "energy": 76.061704, "activity_lines": [ 108.023039, 111.462358, 115.756028, 119.411169 ] }, { "date": "2025-10-17", "close": 99.224785, "volume": 427230, "typical_volume": 383205.3, "trend": 122.3395, "fair_value": 142.914515, "relative_strength": -38.244685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.802373, "energy": 86.966276, "activity_lines": [ 104.308221, 108.831769, 113.824877, 117.842339 ] }, { "date": "2025-10-24", "close": 102.157532, "volume": 198187, "typical_volume": 349058.6, "trend": 121.473295, "fair_value": 142.63913, "relative_strength": -36.197357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.275976, "energy": 82.337361, "activity_lines": [ 102.711499, 107.152101, 112.326622, 116.540276 ] }, { "date": "2025-10-31", "close": 99.224785, "volume": 293050, "typical_volume": 326900.65, "trend": 120.684001, "fair_value": 142.347759, "relative_strength": -38.738155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.189695, "energy": 81.361197, "activity_lines": [ 101.212537, 105.14361, 110.684145, 115.104889 ] }, { "date": "2025-11-07", "close": 95.314445, "volume": 419065, "typical_volume": 330138.95, "trend": 119.939031, "fair_value": 142.034203, "relative_strength": -39.149692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.068092, "energy": 81.076453, "activity_lines": [ 98.898921, 102.717424, 108.797889, 113.468143 ] }, { "date": "2025-11-14", "close": 90.62204, "volume": 319025, "typical_volume": 337677.5, "trend": 118.561277, "fair_value": 141.693726, "relative_strength": -40.913665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.025218, "energy": 85.450382, "activity_lines": [ 95.705479, 99.793558, 106.591578, 111.576724 ] }, { "date": "2025-11-21", "close": 85.538605, "volume": 387125, "typical_volume": 340670.95, "trend": 116.791769, "fair_value": 141.324284, "relative_strength": -41.406731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.320075, "energy": 90.156876, "activity_lines": [ 91.782108, 96.466218, 104.072999, 109.446229 ] }, { "date": "2025-11-28", "close": 88.66687, "volume": 126053, "typical_volume": 341773.6, "trend": 115.094779, "fair_value": 140.980118, "relative_strength": -40.982934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.160236, "energy": 87.049156, "activity_lines": [ 89.813904, 94.267541, 102.041621, 107.63172 ] }, { "date": "2025-12-05", "close": 84.756538, "volume": 98002, "typical_volume": 335966.7, "trend": 113.426235, "fair_value": 140.61503, "relative_strength": -43.429384, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.698363, "energy": 91.330847, "activity_lines": [ 87.441634, 91.896456, 99.809936, 105.674414 ] }, { "date": "2025-12-12", "close": 80.161896, "volume": 301005, "typical_volume": 338208.85, "trend": 111.652173, "fair_value": 140.225009, "relative_strength": -46.070288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.105451, "energy": 92.840671, "activity_lines": [ 84.502366, 89.086346, 97.332924, 103.528328 ] }, { "date": "2025-12-19", "close": 82.019302, "volume": 202100, "typical_volume": 339828.3, "trend": 109.924145, "fair_value": 139.851896, "relative_strength": -43.07392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.877909, "energy": 85.755556, "activity_lines": [ 83.192404, 87.076078, 95.221343, 101.616529 ] }, { "date": "2025-12-26", "close": 80.650688, "volume": 90050, "typical_volume": 337979.9, "trend": 108.229891, "fair_value": 139.210897, "relative_strength": -45.022786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.538355, "energy": 88.561678, "activity_lines": [ 81.999752, 85.236443, 93.166089, 99.727919 ] }, { "date": "2026-01-02", "close": 80.650688, "volume": 102001, "typical_volume": 322106.95, "trend": 106.567396, "fair_value": 138.736579, "relative_strength": -45.855361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.651316, "energy": 80.690518, "activity_lines": [ 81.132962, 83.734519, 91.308679, 97.948616 ] }, { "date": "2026-01-09", "close": 71.559151, "volume": 793124, "typical_volume": 346157.65, "trend": 104.744761, "fair_value": 138.206905, "relative_strength": -52.826331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.362341, "energy": 75.733625, "activity_lines": [ 77.770071, 80.970622, 88.741357, 95.690019 ] }, { "date": "2026-01-16", "close": 75.860519, "volume": 528081, "typical_volume": 351250.15, "trend": 103.208416, "fair_value": 137.725274, "relative_strength": -51.190372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.415884, "energy": 68.258358, "activity_lines": [ 76.720796, 79.491803, 86.79224, 93.82652 ] }, { "date": "2026-01-23", "close": 77.03363, "volume": 582401, "typical_volume": 327957.9, "trend": 101.552384, "fair_value": 137.280406, "relative_strength": -50.721851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.964726, "energy": 65.423191, "activity_lines": [ 76.349316, 78.579985, 85.140589, 92.137824 ] }, { "date": "2026-01-30", "close": 77.717934, "volume": 109386, "typical_volume": 317620.05, "trend": 99.9668, "fair_value": 136.857469, "relative_strength": -49.86263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.090205, "energy": 63.983394, "activity_lines": [ 76.538316, 78.039648, 83.755213, 90.600118 ] }, { "date": "2026-02-06", "close": 74.003113, "volume": 250448, "typical_volume": 308089.05, "trend": 98.273268, "fair_value": 136.384401, "relative_strength": -50.989833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.63111, "energy": 63.210557, "activity_lines": [ 75.684559, 76.966083, 82.199923, 88.925041 ] }, { "date": "2026-02-13", "close": 70.874847, "volume": 514000, "typical_volume": 305920.25, "trend": 96.464737, "fair_value": 135.78016, "relative_strength": -54.723288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.286074, "energy": 64.166077, "activity_lines": [ 74.231218, 75.590356, 80.557582, 87.157401 ] }, { "date": "2026-02-27", "close": 73.709839, "volume": 531039, "typical_volume": 321022.15, "trend": 94.92993, "fair_value": 135.249652, "relative_strength": -54.447697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.363614, "energy": 57.40605, "activity_lines": [ 73.768495, 74.982476, 79.355154, 85.689343 ] }, { "date": "2026-03-06", "close": 68.430885, "volume": 236151, "typical_volume": 325376.15, "trend": 93.170279, "fair_value": 134.699925, "relative_strength": -54.586621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.902264, "energy": 63.673382, "activity_lines": [ 71.689499, 73.532097, 77.801726, 83.979727 ] }, { "date": "2026-03-13", "close": 69.115189, "volume": 291000, "typical_volume": 318564.65, "trend": 91.400851, "fair_value": 134.13704, "relative_strength": -53.013164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.983041, "energy": 60.834418, "activity_lines": [ 70.412121, 72.453198, 76.488039, 82.427786 ] }, { "date": "2026-03-20", "close": 67.160019, "volume": 129004, "typical_volume": 315105.5, "trend": 89.859527, "fair_value": 133.561622, "relative_strength": -53.697403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.388025, "energy": 61.571112, "activity_lines": [ 69.056535, 71.228551, 75.131524, 80.863861 ] }, { "date": "2026-03-27", "close": 65.595886, "volume": 224151, "typical_volume": 311660.55, "trend": 88.200893, "fair_value": 133.011268, "relative_strength": -53.333601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.625316, "energy": 63.257745, "activity_lines": [ 67.635779, 69.964801, 73.792699, 79.298465 ] }, { "date": "2026-04-03", "close": 66.475716, "volume": 289205, "typical_volume": 305167.55, "trend": 86.587879, "fair_value": 132.416842, "relative_strength": -51.060768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.370403, "energy": 58.196294, "activity_lines": [ 66.86023, 68.969443, 72.697805, 77.896841 ] }, { "date": "2026-04-10", "close": 66.671227, "volume": 123014, "typical_volume": 295367.0, "trend": 84.834745, "fair_value": 131.864609, "relative_strength": -54.035928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.587176, "energy": 54.030985, "activity_lines": [ 66.632126, 68.180265, 71.758858, 76.611895 ] }, { "date": "2026-04-17", "close": 65.986923, "volume": 259112, "typical_volume": 288966.35, "trend": 83.156559, "fair_value": 131.319685, "relative_strength": -55.333847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.051032, "energy": 54.892431, "activity_lines": [ 66.293231, 67.455075, 70.868791, 75.395907 ] }, { "date": "2026-04-24", "close": 64.813828, "volume": 606311, "typical_volume": 312979.25, "trend": 81.374097, "fair_value": 130.781864, "relative_strength": -57.479143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.438411, "energy": 54.223106, "activity_lines": [ 65.771855, 66.729887, 69.960104, 74.212505 ] }, { "date": "2026-05-01", "close": 60.414696, "volume": 456066, "typical_volume": 330882.45, "trend": 79.836031, "fair_value": 130.233387, "relative_strength": -59.274389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.723771, "energy": 62.190845, "activity_lines": [ 63.940515, 65.371934, 68.746038, 72.860286 ] }, { "date": "2026-05-08", "close": 66.182442, "volume": 808724, "typical_volume": 356268.4, "trend": 78.52281, "fair_value": 129.736505, "relative_strength": -57.149434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.100135, "energy": 50.187221, "activity_lines": [ 64.37717, 65.252847, 68.197195, 71.979409 ] }, { "date": "2026-05-15", "close": 63.34745, "volume": 1433087, "typical_volume": 417817.75, "trend": 77.131382, "fair_value": 129.192207, "relative_strength": -57.474043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.295745, "energy": 48.126148, "activity_lines": [ 63.888379, 64.755168, 67.444921, 71.000353 ] }, { "date": "2026-05-22", "close": 82.410339, "volume": 1364100, "typical_volume": 481520.25, "trend": 76.570901, "fair_value": 128.787653, "relative_strength": -44.893394, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.964765, "energy": 8.436177, "activity_lines": [ 69.975469, 67.815896, 68.597074, 71.340931 ] }, { "date": "2026-05-29", "close": 106.556664, "volume": 3642881, "typical_volume": 658564.25, "trend": 76.717538, "fair_value": 128.552504, "relative_strength": -31.253426, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.882357, "energy": 49.918819, "activity_lines": [ 83.01644, 75.025134, 72.040497, 73.275497 ] }, { "date": "2026-06-05", "close": 98.735992, "volume": 977675, "typical_volume": 667791.8, "trend": 76.701245, "fair_value": 128.25845, "relative_strength": -35.35295, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.215318, "energy": 71.715799, "activity_lines": [ 90.667665, 80.09613, 74.615733, 74.696042 ] }, { "date": "2026-06-12", "close": 90.133247, "volume": 965332, "typical_volume": 689654.35, "trend": 76.528539, "fair_value": 127.932643, "relative_strength": -38.387063, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.354739, "energy": 71.101486, "activity_lines": [ 92.896555, 83.000442, 76.242246, 75.562623 ] }, { "date": "2026-06-19", "close": 90.035492, "volume": 688002, "typical_volume": 694934.4, "trend": 76.508987, "fair_value": 127.576968, "relative_strength": -40.181914, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.158287, "energy": 72.336655, "activity_lines": [ 93.496139, 85.456844, 77.791484, 76.434039 ] }, { "date": "2026-06-26", "close": 86.907227, "volume": 1068300, "typical_volume": 742880.1, "trend": 76.554608, "fair_value": 127.236331, "relative_strength": -38.499684, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.629049, "energy": 58.382347, "activity_lines": [ 91.273766, 86.919666, 78.980879, 77.104893 ] }, { "date": "2026-07-03", "close": 89.253426, "volume": 544099, "typical_volume": 757562.65, "trend": 76.57416, "fair_value": 126.919506, "relative_strength": -38.438602, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 56.275609, "energy": 41.701166, "activity_lines": [ 89.533667, 88.4287, 80.349962, 77.924172 ] }, { "date": "2026-07-10", "close": 80.161896, "volume": 0, "typical_volume": 731862.65, "trend": 76.421005, "fair_value": 126.538553, "relative_strength": -41.597837, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.365209, "energy": 26.142174, "activity_lines": [ 85.916606, 87.840373, 80.780565, 78.155639 ] }, { "date": "2026-07-17", "close": 70.300003, "volume": 570531, "typical_volume": 733837.25, "trend": 76.092275, "fair_value": 126.100232, "relative_strength": -44.201013, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.303949, "energy": 17.059776, "activity_lines": [ 80.250522, 85.099934, 80.227716, 77.760735 ] }, { "date": "2026-07-24", "close": 72.0, "volume": 214189, "typical_volume": 732739.15, "trend": 75.758299, "fair_value": 125.678656, "relative_strength": -42.759043, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.791686, "energy": 20.031671, "activity_lines": [ 76.473319, 82.593721, 79.853008, 77.496718 ] }, { "date": "2026-07-31", "close": 68.199997, "volume": 414130, "typical_volume": 738895.65, "trend": 75.343275, "fair_value": 125.209328, "relative_strength": -43.777449, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.178333, "energy": 26.433027, "activity_lines": [ 72.631814, 79.239278, 79.0994, 77.009085 ] }, { "date": "2026-08-07", "close": 71.199997, "volume": 274025, "typical_volume": 746146.7, "trend": 75.028252, "fair_value": 124.744471, "relative_strength": -41.343791, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.666932, "energy": 28.584053, "activity_lines": [ 71.037458, 76.688661, 78.635864, 76.741777 ] }, { "date": "2026-08-14", "close": 73.699997, "volume": 464010, "typical_volume": 758139.65, "trend": 75.099614, "fair_value": 124.31957, "relative_strength": -39.920862, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.580081, "energy": 24.404754, "activity_lines": [ 71.479998, 75.235437, 78.391186, 76.656083 ] } ], "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." } } }