{ "ticker": { "uuid": "b330240f-4288-4156-94b9-4894c79a61a6", "symbol": "6417", "name": "Securitag Assembly Group Co., Ltd.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 61.992, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -26.509, "architecture_energy": 39.458, "architecture_maturity": 39.643, "architecture_confidence": 75.683, "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": 34.73, "rotation_up": 17.44, "upward_expansion": 23.19, "deceleration": 51.17, "rotation_down": 63.32, "downward_expansion": 48.19 }, "activity_lines": [ 113.193333, 118.147846, 122.425762, 120.087841 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 109.0, "trend_reference": 116.654383, "distance_from_trend": -0.065616, "trend_direction": "Improving", "fair_value": 101.185729, "distance_from_fair_value": 0.077227, "fair_value_direction": "Weakening", "relative_strength": -28.741981, "relative_strength_direction": "Weakening", "price_momentum": 0.040599, "excess_performance": -0.400773, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.065616, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.060956, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.077227, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.123101, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.28742, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.105117, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.040599, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.025736, "read": "Demand-led" } ], "volume": { "latest": 324068, "relative_activity": 0.359612, "balance": 1.025736, "dry_up": 0.551569, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.112844, "annualized_volatility": 0.498945, "from_high_reference": -0.269875, "from_low_reference": 0.195962 }, "levels": { "trend_reference": 116.654383, "fair_value_reference": 101.185729, "structural_low": 98.384205, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.019863, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.029793, "regime_survival": 0.625, "best_return": 0.195122, "worst_return": -0.172331, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.001225, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.100568, "regime_survival": 0.0, "best_return": 0.306977, "worst_return": -0.170407, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.019802, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.041986, "regime_survival": 0.0, "best_return": 0.66852, "worst_return": -0.280105, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.03686, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.100179, "regime_survival": 0.0, "best_return": 0.467282, "worst_return": -0.280105, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-09-13", "tenure": "Developing", "return": -0.018812, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-11-01", "tenure": "Developing", "return": 0.029851, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": -0.027778, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.019608, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.019802, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": -0.035122, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-07-11", "tenure": "Established", "return": -0.108519, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-09-12", "tenure": "Developing", "return": 0.054794, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.071749, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": 0.09434, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-02-27", "tenure": "Developing", "return": -0.039648, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-06", "end": "2026-04-17", "tenure": "Developing", "return": 0.139535, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-03", "tenure": "Developing", "return": 0.165217, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-14", "tenure": "Developing", "return": -0.178272, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 107.766479, "volume": 1862000, "typical_volume": 7390750.0, "trend": 121.039544, "fair_value": 77.153527, "relative_strength": -3.41988, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -6.595832, "energy": 13.529455, "activity_lines": [ 121.940326, 124.133912, 128.516167, 127.807925 ] }, { "date": "2023-08-18", "close": 114.794724, "volume": 2887000, "typical_volume": 7067400.0, "trend": 122.279692, "fair_value": 77.566036, "relative_strength": 3.500569, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.296025, "energy": 38.320459, "activity_lines": [ 117.602783, 122.5344, 126.785526, 127.405033 ] }, { "date": "2023-08-25", "close": 111.983421, "volume": 1085000, "typical_volume": 6851200.0, "trend": 123.450674, "fair_value": 77.956713, "relative_strength": -0.323955, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.897274, "energy": 49.948115, "activity_lines": [ 113.756502, 120.620847, 124.904508, 126.740758 ] }, { "date": "2023-09-01", "close": 113.389069, "volume": 1054000, "typical_volume": 6495550.0, "trend": 124.668512, "fair_value": 78.344424, "relative_strength": -0.554825, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.259032, "energy": 53.489975, "activity_lines": [ 112.608155, 118.993534, 123.264008, 126.091622 ] }, { "date": "2023-09-08", "close": 109.172119, "volume": 1431000, "typical_volume": 5716750.0, "trend": 125.607724, "fair_value": 78.70624, "relative_strength": -4.194142, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.674629, "energy": 60.188146, "activity_lines": [ 111.514871, 116.579514, 121.356912, 125.091854 ] }, { "date": "2023-09-15", "close": 106.360825, "volume": 1034000, "typical_volume": 5241350.0, "trend": 126.358117, "fair_value": 79.045049, "relative_strength": -8.695876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.541328, "energy": 59.422153, "activity_lines": [ 109.828092, 113.727765, 119.38319, 123.850119 ] }, { "date": "2023-09-22", "close": 101.675323, "volume": 962000, "typical_volume": 5029200.0, "trend": 126.219069, "fair_value": 79.353269, "relative_strength": -9.793016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.203257, "energy": 59.649576, "activity_lines": [ 106.673189, 110.491698, 117.179927, 122.257681 ] }, { "date": "2023-09-29", "close": 107.29792, "volume": 631000, "typical_volume": 4790150.0, "trend": 126.03734, "fair_value": 79.69753, "relative_strength": -5.054288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.217907, "energy": 52.345461, "activity_lines": [ 106.267112, 108.906009, 115.753349, 121.036961 ] }, { "date": "2023-10-06", "close": 102.612427, "volume": 972000, "typical_volume": 4574750.0, "trend": 125.684087, "fair_value": 80.014527, "relative_strength": -10.153192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.373468, "energy": 59.790394, "activity_lines": [ 104.61157, 107.161617, 114.027024, 119.525677 ] }, { "date": "2023-10-13", "close": 93.428848, "volume": 1210000, "typical_volume": 4478250.0, "trend": 124.625873, "fair_value": 80.27598, "relative_strength": -19.401762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.064618, "energy": 71.49281, "activity_lines": [ 100.613279, 104.341799, 111.610215, 117.444694 ] }, { "date": "2023-10-20", "close": 90.617538, "volume": 892000, "typical_volume": 4186450.0, "trend": 123.688709, "fair_value": 80.519965, "relative_strength": -20.058251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.710671, "energy": 78.791543, "activity_lines": [ 96.727435, 101.390785, 109.129431, 115.250608 ] }, { "date": "2023-10-27", "close": 93.709976, "volume": 373000, "typical_volume": 3984150.0, "trend": 122.164322, "fair_value": 80.784882, "relative_strength": -15.680524, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.921809, "energy": 80.765228, "activity_lines": [ 94.921957, 99.313831, 107.162511, 113.316496 ] }, { "date": "2023-11-03", "close": 92.116913, "volume": 517000, "typical_volume": 3715900.0, "trend": 120.755574, "fair_value": 81.040695, "relative_strength": -18.832621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.956809, "energy": 86.277609, "activity_lines": [ 93.11648, 97.330589, 105.195898, 111.377953 ] }, { "date": "2023-11-10", "close": 89.961571, "volume": 393000, "typical_volume": 3614600.0, "trend": 119.02954, "fair_value": 81.276597, "relative_strength": -21.352316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.213656, "energy": 86.494967, "activity_lines": [ 91.604624, 95.316675, 103.126648, 109.391243 ] }, { "date": "2023-11-17", "close": 89.305611, "volume": 372000, "typical_volume": 3439750.0, "trend": 116.959498, "fair_value": 81.502199, "relative_strength": -24.187374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.096863, "energy": 85.417689, "activity_lines": [ 90.717505, 93.609451, 101.10125, 107.47357 ] }, { "date": "2023-11-24", "close": 98.39547, "volume": 2882000, "typical_volume": 2936850.0, "trend": 115.177112, "fair_value": 81.776095, "relative_strength": -16.744628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.855504, "energy": 54.593669, "activity_lines": [ 93.135221, 93.916137, 100.055384, 106.275891 ] }, { "date": "2023-12-01", "close": 98.39547, "volume": 883000, "typical_volume": 2260000.0, "trend": 113.379385, "fair_value": 82.039463, "relative_strength": -17.517205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.003596, "energy": 41.922267, "activity_lines": [ 95.034408, 94.367648, 99.169912, 105.193205 ] }, { "date": "2023-12-08", "close": 93.241425, "volume": 848000, "typical_volume": 1944700.0, "trend": 111.8854, "fair_value": 82.267022, "relative_strength": -21.59794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.146208, "energy": 38.009967, "activity_lines": [ 94.903214, 93.941694, 97.973696, 103.893981 ] }, { "date": "2023-12-15", "close": 93.241425, "volume": 432000, "typical_volume": 1275550.0, "trend": 110.284034, "fair_value": 82.493473, "relative_strength": -22.842993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.431368, "energy": 32.811253, "activity_lines": [ 94.697052, 93.771312, 97.025969, 102.691144 ] }, { "date": "2023-12-22", "close": 95.584175, "volume": 472000, "typical_volume": 1059600.0, "trend": 108.929501, "fair_value": 82.734941, "relative_strength": -20.445823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.949744, "energy": 31.857008, "activity_lines": [ 95.053151, 94.197266, 96.50164, 101.742766 ] }, { "date": "2023-12-29", "close": 100.269676, "volume": 1501000, "typical_volume": 1041550.0, "trend": 107.715812, "fair_value": 83.005336, "relative_strength": -18.003285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.934125, "energy": 25.84635, "activity_lines": [ 96.552512, 95.435943, 96.512796, 101.184068 ] }, { "date": "2024-01-05", "close": 96.98983, "volume": 264000, "typical_volume": 910400.0, "trend": 106.760956, "fair_value": 83.249166, "relative_strength": -18.789426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.648025, "energy": 20.131693, "activity_lines": [ 96.833644, 95.90279, 96.247285, 100.492069 ] }, { "date": "2024-01-12", "close": 93.241425, "volume": 344000, "typical_volume": 873350.0, "trend": 106.079997, "fair_value": 83.460101, "relative_strength": -21.866617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.308022, "energy": 23.597341, "activity_lines": [ 95.959017, 95.628475, 95.709568, 99.619841 ] }, { "date": "2024-01-19", "close": 94.178528, "volume": 301040, "typical_volume": 835702.0, "trend": 105.476294, "fair_value": 83.673165, "relative_strength": -21.854635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.070815, "energy": 22.993367, "activity_lines": [ 95.396757, 95.504097, 95.350347, 98.852005 ] }, { "date": "2024-01-26", "close": 96.521271, "volume": 383000, "typical_volume": 783302.0, "trend": 104.920003, "fair_value": 83.892936, "relative_strength": -21.35423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.113667, "energy": 23.281112, "activity_lines": [ 95.552939, 95.729, 95.305723, 98.274261 ] }, { "date": "2024-02-02", "close": 95.584175, "volume": 292000, "typical_volume": 746202.0, "trend": 103.70353, "fair_value": 84.093954, "relative_strength": -22.47786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.284476, "energy": 23.957038, "activity_lines": [ 95.334282, 95.652328, 95.232093, 97.67195 ] }, { "date": "2024-02-09", "close": 98.864021, "volume": 378000, "typical_volume": 717002.0, "trend": 102.458326, "fair_value": 84.284413, "relative_strength": -20.038019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.86116, "energy": 9.594538, "activity_lines": [ 96.521273, 96.223106, 95.522148, 97.359723 ] }, { "date": "2024-02-16", "close": 102.612427, "volume": 473000, "typical_volume": 709102.0, "trend": 101.031267, "fair_value": 84.527714, "relative_strength": -19.308533, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.530646, "energy": 11.327391, "activity_lines": [ 98.832788, 97.466894, 96.18258, 97.369665 ] }, { "date": "2024-02-23", "close": 96.521271, "volume": 792000, "typical_volume": 700102.0, "trend": 99.738651, "fair_value": 84.730861, "relative_strength": -24.868292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.257242, "energy": 13.387543, "activity_lines": [ 98.489183, 97.432817, 96.285215, 97.078698 ] }, { "date": "2024-03-01", "close": 96.052727, "volume": 812000, "typical_volume": 680202.0, "trend": 99.129536, "fair_value": 84.93045, "relative_strength": -24.961134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.791075, "energy": 13.15974, "activity_lines": [ 97.833214, 97.253916, 96.372231, 96.840896 ] }, { "date": "2024-03-08", "close": 94.178528, "volume": 901000, "typical_volume": 680652.0, "trend": 98.676604, "fair_value": 85.114701, "relative_strength": -29.073091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.505464, "energy": 13.954822, "activity_lines": [ 96.583749, 96.725733, 96.268258, 96.521476 ] }, { "date": "2024-03-15", "close": 92.210617, "volume": 658000, "typical_volume": 694902.0, "trend": 97.923801, "fair_value": 85.286336, "relative_strength": -29.502404, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.450909, "energy": 31.267641, "activity_lines": [ 94.772023, 95.950496, 95.959908, 96.104316 ] }, { "date": "2024-03-22", "close": 96.521271, "volume": 495000, "typical_volume": 693802.0, "trend": 97.408396, "fair_value": 85.486713, "relative_strength": -27.635237, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.404264, "energy": 21.91277, "activity_lines": [ 94.840742, 96.045909, 96.069236, 96.01383 ] }, { "date": "2024-03-29", "close": 94.647072, "volume": 137000, "typical_volume": 681002.0, "trend": 96.783663, "fair_value": 85.673967, "relative_strength": -28.410183, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.790943, "energy": 24.099862, "activity_lines": [ 94.690805, 95.740925, 95.979095, 95.83568 ] }, { "date": "2024-04-05", "close": 98.39547, "volume": 550000, "typical_volume": 689902.0, "trend": 96.424441, "fair_value": 85.885249, "relative_strength": -24.924521, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.213481, "energy": 10.839205, "activity_lines": [ 95.915281, 96.108949, 96.223633, 95.939668 ] }, { "date": "2024-04-12", "close": 97.926926, "volume": 1510000, "typical_volume": 621302.0, "trend": 96.143311, "fair_value": 86.093528, "relative_strength": -25.794921, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.717063, "energy": 8.68768, "activity_lines": [ 96.827392, 96.357707, 96.380263, 96.036602 ] }, { "date": "2024-04-19", "close": 93.709976, "volume": 1291000, "typical_volume": 641702.0, "trend": 95.877799, "fair_value": 86.274775, "relative_strength": -23.45779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.009928, "energy": 1.931679, "activity_lines": [ 96.083961, 95.797151, 96.13751, 95.879613 ] }, { "date": "2024-04-26", "close": 94.647072, "volume": 1282000, "typical_volume": 663402.0, "trend": 95.456104, "fair_value": 86.460366, "relative_strength": -23.793286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.242388, "energy": 9.507669, "activity_lines": [ 95.552937, 95.500687, 96.006315, 95.800211 ] }, { "date": "2024-05-03", "close": 95.584175, "volume": 289000, "typical_volume": 656252.0, "trend": 95.221829, "fair_value": 86.653073, "relative_strength": -22.616316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 14.284593, "energy": 9.449819, "activity_lines": [ 95.459228, 95.519429, 95.957675, 95.808474 ] }, { "date": "2024-05-10", "close": 98.39547, "volume": 740000, "typical_volume": 669652.0, "trend": 95.387383, "fair_value": 86.863247, "relative_strength": -20.754305, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.274214, "energy": 15.01015, "activity_lines": [ 96.240143, 96.066354, 96.165622, 96.013225 ] }, { "date": "2024-05-17", "close": 99.801125, "volume": 841000, "typical_volume": 636652.0, "trend": 95.693503, "fair_value": 87.082432, "relative_strength": -20.672441, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.858731, "energy": 32.295895, "activity_lines": [ 97.48961, 96.826257, 96.494053, 96.297982 ] }, { "date": "2024-05-24", "close": 98.864021, "volume": 293000, "typical_volume": 638102.0, "trend": 95.865304, "fair_value": 87.297826, "relative_strength": -21.600846, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.006081, "energy": 40.613894, "activity_lines": [ 98.301762, 97.313548, 96.735468, 96.502532 ] }, { "date": "2024-05-31", "close": 98.39547, "volume": 3188000, "typical_volume": 780302.0, "trend": 96.07459, "fair_value": 87.510216, "relative_strength": -19.596616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.610812, "energy": 40.064298, "activity_lines": [ 98.614128, 97.594678, 96.923334, 96.665768 ] }, { "date": "2024-06-07", "close": 106.360825, "volume": 1263000, "typical_volume": 828400.0, "trend": 96.621232, "fair_value": 87.772558, "relative_strength": -15.080744, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.298731, "energy": 63.855189, "activity_lines": [ 101.331719, 99.289977, 97.845262, 97.329396 ] }, { "date": "2024-06-14", "close": 105.892273, "volume": 695000, "typical_volume": 844000.0, "trend": 97.17412, "fair_value": 88.032451, "relative_strength": -17.364538, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.26534, "energy": 67.280315, "activity_lines": [ 103.174683, 100.687108, 98.664555, 97.927528 ] }, { "date": "2024-06-21", "close": 102.143875, "volume": 435000, "typical_volume": 851150.0, "trend": 97.299067, "fair_value": 88.266099, "relative_strength": -22.295784, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.510235, "energy": 60.635709, "activity_lines": [ 103.268394, 101.266407, 99.082234, 98.248158 ] }, { "date": "2024-06-28", "close": 104.486626, "volume": 571000, "typical_volume": 860800.0, "trend": 97.502106, "fair_value": 88.514765, "relative_strength": -19.157433, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.209147, "energy": 62.598234, "activity_lines": [ 103.986838, 102.194988, 99.691795, 98.711871 ] }, { "date": "2024-07-05", "close": 110.577774, "volume": 2011000, "typical_volume": 937700.0, "trend": 98.079984, "fair_value": 88.802477, "relative_strength": -15.412172, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.707721, "energy": 62.568868, "activity_lines": [ 106.360825, 104.035112, 100.854692, 99.555463 ] }, { "date": "2024-07-12", "close": 102.612427, "volume": 1457000, "typical_volume": 970950.0, "trend": 98.392351, "fair_value": 89.039683, "relative_strength": -21.713769, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.127307, "energy": 36.088113, "activity_lines": [ 105.267542, 104.137342, 101.221054, 99.847878 ] }, { "date": "2024-07-19", "close": 99.332581, "volume": 500000, "typical_volume": 955350.0, "trend": 98.517297, "fair_value": 89.265284, "relative_strength": -19.560074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.403809, "energy": 23.905914, "activity_lines": [ 103.330871, 103.515449, 101.246044, 99.908538 ] }, { "date": "2024-07-26", "close": 95.115631, "volume": 449000, "typical_volume": 932750.0, "trend": 98.345496, "fair_value": 89.458312, "relative_strength": -19.350953, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.602586, "energy": 9.632094, "activity_lines": [ 100.425862, 102.109801, 100.853801, 99.689076 ] }, { "date": "2024-08-02", "close": 98.864021, "volume": 194000, "typical_volume": 909550.0, "trend": 98.407969, "fair_value": 89.676476, "relative_strength": -13.617588, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.302748, "energy": 18.810643, "activity_lines": [ 99.238867, 101.470868, 100.814085, 99.722529 ] }, { "date": "2024-08-09", "close": 91.110016, "volume": 1140000, "typical_volume": 941800.0, "trend": 98.336922, "fair_value": 89.844936, "relative_strength": -19.104571, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -26.968153, "energy": 26.629088, "activity_lines": [ 95.842043, 99.422116, 100.00421, 99.251693 ] }, { "date": "2024-08-16", "close": 96.660843, "volume": 260000, "typical_volume": 947950.0, "trend": 98.419666, "fair_value": 90.043338, "relative_strength": -16.737824, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.716865, "energy": 21.471434, "activity_lines": [ 95.593346, 98.515069, 99.748753, 99.143559 ] }, { "date": "2024-08-23", "close": 96.660843, "volume": 278000, "typical_volume": 934350.0, "trend": 98.424318, "fair_value": 90.245688, "relative_strength": -15.256013, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.534206, "energy": 21.550049, "activity_lines": [ 95.741421, 97.784384, 99.483707, 99.030087 ] }, { "date": "2024-08-30", "close": 97.617882, "volume": 446000, "typical_volume": 881150.0, "trend": 98.492109, "fair_value": 90.453045, "relative_strength": -14.060202, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.640495, "energy": 18.254971, "activity_lines": [ 96.386624, 97.395551, 99.318067, 98.978059 ] }, { "date": "2024-09-06", "close": 95.703804, "volume": 468000, "typical_volume": 840000.0, "trend": 98.386768, "fair_value": 90.660538, "relative_strength": -11.765782, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.55404, "energy": 11.047539, "activity_lines": [ 96.226985, 96.740995, 98.971606, 98.798168 ] }, { "date": "2024-09-13", "close": 94.842468, "volume": 675000, "typical_volume": 809650.0, "trend": 98.127769, "fair_value": 90.852359, "relative_strength": -13.228218, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.954107, "energy": 15.05697, "activity_lines": [ 95.990915, 96.08952, 98.533619, 98.569504 ] }, { "date": "2024-09-20", "close": 96.18232, "volume": 526000, "typical_volume": 821500.0, "trend": 98.116471, "fair_value": 91.086258, "relative_strength": -12.963364, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.646926, "energy": 12.812272, "activity_lines": [ 95.952633, 95.96775, 98.222305, 98.443991 ] }, { "date": "2024-09-27", "close": 95.703804, "volume": 160000, "typical_volume": 792500.0, "trend": 98.10484, "fair_value": 91.333274, "relative_strength": -15.138787, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.690396, "energy": 14.666981, "activity_lines": [ 95.786746, 95.875889, 97.862571, 98.288335 ] }, { "date": "2024-10-04", "close": 95.416695, "volume": 85000, "typical_volume": 754700.0, "trend": 98.146112, "fair_value": 91.583073, "relative_strength": -12.76419, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.903893, "energy": 27.978561, "activity_lines": [ 95.588959, 95.797804, 97.48831, 98.114906 ] }, { "date": "2024-10-11", "close": 99.53196, "volume": 272000, "typical_volume": 753650.0, "trend": 98.390157, "fair_value": 91.880062, "relative_strength": -10.955254, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.152307, "energy": 12.969895, "activity_lines": [ 96.909673, 96.462475, 97.526858, 98.204316 ] }, { "date": "2024-10-18", "close": 103.360107, "volume": 663000, "typical_volume": 627400.0, "trend": 98.618118, "fair_value": 92.19581, "relative_strength": -9.43963, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.311487, "energy": 11.823512, "activity_lines": [ 99.251226, 97.811028, 97.926811, 98.524958 ] }, { "date": "2024-10-25", "close": 101.924553, "volume": 236000, "typical_volume": 576050.0, "trend": 98.860701, "fair_value": 92.496575, "relative_strength": -9.650633, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.465584, "energy": 24.693753, "activity_lines": [ 100.546418, 98.675843, 98.166402, 98.738276 ] }, { "date": "2024-11-01", "close": 99.053436, "volume": 148000, "typical_volume": 548700.0, "trend": 98.882633, "fair_value": 92.78356, "relative_strength": -9.561473, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.303661, "energy": 21.505568, "activity_lines": [ 100.501755, 98.922932, 98.15368, 98.75071 ] }, { "date": "2024-11-08", "close": 103.360107, "volume": 213000, "typical_volume": 537600.0, "trend": 99.063739, "fair_value": 93.098151, "relative_strength": -8.361599, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.395397, "energy": 44.44053, "activity_lines": [ 101.669341, 99.909551, 98.583682, 99.03958 ] }, { "date": "2024-11-15", "close": 102.403076, "volume": 194000, "typical_volume": 518750.0, "trend": 99.353509, "fair_value": 93.378863, "relative_strength": -5.712008, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.701459, "energy": 43.50897, "activity_lines": [ 101.988355, 100.61776, 98.916747, 99.255021 ] }, { "date": "2024-11-22", "close": 105.274185, "volume": 251096, "typical_volume": 430754.8, "trend": 99.707746, "fair_value": 93.661216, "relative_strength": -3.32563, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.14035, "energy": 45.384124, "activity_lines": [ 103.072998, 101.726185, 99.533172, 99.637 ] }, { "date": "2024-11-29", "close": 103.360107, "volume": 177000, "typical_volume": 366754.8, "trend": 99.966944, "fair_value": 93.872919, "relative_strength": -1.95046, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.927215, "energy": 45.377346, "activity_lines": [ 103.39201, 102.296927, 99.99256, 99.872636 ] }, { "date": "2024-12-06", "close": 101.44603, "volume": 214000, "typical_volume": 352454.8, "trend": 100.06863, "fair_value": 94.055011, "relative_strength": -7.255374, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.364176, "energy": 27.476834, "activity_lines": [ 102.977293, 102.38915, 100.266094, 99.968061 ] }, { "date": "2024-12-13", "close": 100.488991, "volume": 115000, "typical_volume": 335754.8, "trend": 100.091558, "fair_value": 94.2275, "relative_strength": -7.095846, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.826206, "energy": 16.8129, "activity_lines": [ 102.084056, 102.202962, 100.438417, 99.995181 ] }, { "date": "2024-12-20", "close": 97.617882, "volume": 222000, "typical_volume": 337154.8, "trend": 100.05002, "fair_value": 94.38274, "relative_strength": -7.288953, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.78422, "energy": 9.837146, "activity_lines": [ 100.425191, 101.40253, 100.311714, 99.835589 ] }, { "date": "2024-12-27", "close": 98.096397, "volume": 91000, "typical_volume": 284704.8, "trend": 100.040051, "fair_value": 94.542204, "relative_strength": -9.385098, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.099274, "energy": 16.602833, "activity_lines": [ 99.244844, 100.723903, 100.236518, 99.709549 ] }, { "date": "2025-01-03", "close": 97.139366, "volume": 82000, "typical_volume": 275804.8, "trend": 99.732669, "fair_value": 94.696689, "relative_strength": -8.33901, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.518636, "energy": 25.519198, "activity_lines": [ 98.224005, 99.966974, 100.036908, 99.522408 ] }, { "date": "2025-01-10", "close": 95.703804, "volume": 443000, "typical_volume": 284054.8, "trend": 99.393054, "fair_value": 94.836192, "relative_strength": -9.662406, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.617231, "energy": 34.398735, "activity_lines": [ 97.139362, 99.036037, 99.698299, 99.262481 ] }, { "date": "2025-01-17", "close": 96.660843, "volume": 97000, "typical_volume": 266604.8, "trend": 99.210286, "fair_value": 94.980673, "relative_strength": -8.857894, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.481121, "energy": 40.089365, "activity_lines": [ 96.756547, 98.340009, 99.455394, 99.086209 ] }, { "date": "2025-01-24", "close": 97.139366, "volume": 83000, "typical_volume": 247354.8, "trend": 98.965377, "fair_value": 95.135737, "relative_strength": -9.406296, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.403755, "energy": 36.968035, "activity_lines": [ 96.78845, 97.852791, 99.262619, 98.952602 ] }, { "date": "2025-02-07", "close": 96.18232, "volume": 140000, "typical_volume": 220604.8, "trend": 98.485529, "fair_value": 95.284665, "relative_strength": -9.6629, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.149429, "energy": 32.929966, "activity_lines": [ 96.533238, 97.287268, 98.971862, 98.773049 ] }, { "date": "2025-02-14", "close": 97.139366, "volume": 114022, "typical_volume": 200005.9, "trend": 98.303093, "fair_value": 95.44493, "relative_strength": -6.980656, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.052334, "energy": 18.67773, "activity_lines": [ 96.724647, 97.061059, 98.765871, 98.6862 ] }, { "date": "2025-02-21", "close": 98.574913, "volume": 69041, "typical_volume": 195457.95, "trend": 98.277838, "fair_value": 95.609196, "relative_strength": -7.366332, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.148461, "energy": 11.357356, "activity_lines": [ 97.394571, 97.208964, 98.692042, 98.703737 ] }, { "date": "2025-02-28", "close": 98.096397, "volume": 231100, "typical_volume": 202762.95, "trend": 98.377197, "fair_value": 95.775596, "relative_strength": -4.759502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.195195, "energy": 8.342942, "activity_lines": [ 97.713583, 97.322068, 98.558968, 98.692031 ] }, { "date": "2025-03-07", "close": 97.617882, "volume": 229030, "typical_volume": 200614.45, "trend": 98.335659, "fair_value": 95.945865, "relative_strength": -2.908321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.75187, "energy": 7.085533, "activity_lines": [ 97.777386, 97.391671, 98.36756, 98.643043 ] }, { "date": "2025-03-14", "close": 97.139366, "volume": 107021, "typical_volume": 172815.5, "trend": 98.536637, "fair_value": 96.114801, "relative_strength": -0.564977, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.724027, "energy": 7.709927, "activity_lines": [ 97.649783, 97.374271, 98.139694, 98.565863 ] }, { "date": "2025-03-21", "close": 96.660843, "volume": 77300, "typical_volume": 164880.5, "trend": 98.536637, "fair_value": 96.274889, "relative_strength": -1.98775, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.088707, "energy": 20.512828, "activity_lines": [ 97.298869, 97.287268, 97.895878, 98.444844 ] }, { "date": "2025-03-28", "close": 94.651062, "volume": 113000, "typical_volume": 163130.5, "trend": 98.469644, "fair_value": 96.427874, "relative_strength": -1.165451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.116711, "energy": 47.523445, "activity_lines": [ 96.309929, 96.84355, 97.485718, 98.194162 ] }, { "date": "2025-04-04", "close": 94.363953, "volume": 84013, "typical_volume": 156681.15, "trend": 98.36118, "fair_value": 96.578441, "relative_strength": 0.045445, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.368027, "energy": 58.369513, "activity_lines": [ 95.486877, 96.366771, 97.069179, 97.929278 ] }, { "date": "2025-04-11", "close": 78.381416, "volume": 824010, "typical_volume": 188181.65, "trend": 97.783767, "fair_value": 96.63118, "relative_strength": -9.044202, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.782066, "energy": 87.257777, "activity_lines": [ 89.585142, 93.025839, 95.173332, 96.640261 ] }, { "date": "2025-04-18", "close": 80.774017, "volume": 184024, "typical_volume": 184828.05, "trend": 97.314819, "fair_value": 96.65706, "relative_strength": -5.391464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.460528, "energy": 94.853614, "activity_lines": [ 85.763372, 90.460978, 93.619741, 95.542858 ] }, { "date": "2025-04-25", "close": 80.582596, "volume": 191006, "typical_volume": 185528.35, "trend": 96.794828, "fair_value": 96.731423, "relative_strength": -7.584094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.778827, "energy": 92.938982, "activity_lines": [ 82.968818, 88.141464, 92.164587, 94.46336 ] }, { "date": "2025-05-02", "close": 83.932228, "volume": 95016, "typical_volume": 179579.15, "trend": 96.402442, "fair_value": 96.827837, "relative_strength": -7.709521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.040841, "energy": 88.153998, "activity_lines": [ 82.362691, 86.732006, 91.136909, 93.633515 ] }, { "date": "2025-05-09", "close": 86.516243, "volume": 93150, "typical_volume": 178486.65, "trend": 96.10576, "fair_value": 96.944282, "relative_strength": -5.212238, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.057492, "energy": 74.959326, "activity_lines": [ 83.332491, 86.0586, 90.438728, 92.995695 ] }, { "date": "2025-05-16", "close": 86.229126, "volume": 87030, "typical_volume": 171738.15, "trend": 95.662333, "fair_value": 97.0612, "relative_strength": -9.221633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.714463, "energy": 51.335961, "activity_lines": [ 84.729766, 85.54354, 89.779739, 92.358493 ] }, { "date": "2025-05-23", "close": 86.229126, "volume": 40019, "typical_volume": 169189.1, "trend": 95.0913, "fair_value": 97.181007, "relative_strength": -8.129619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.011622, "energy": 36.501031, "activity_lines": [ 85.603861, 85.235547, 89.174981, 91.749899 ] }, { "date": "2025-05-30", "close": 86.42054, "volume": 29020, "typical_volume": 166540.1, "trend": 94.574499, "fair_value": 97.304354, "relative_strength": -6.387799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.605461, "energy": 29.497385, "activity_lines": [ 86.178086, 85.160725, 88.644965, 91.190495 ] }, { "date": "2025-06-06", "close": 86.037727, "volume": 33005, "typical_volume": 146040.35, "trend": 94.140642, "fair_value": 97.425825, "relative_strength": -7.874258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.639654, "energy": 28.110324, "activity_lines": [ 86.235511, 85.202488, 88.129532, 90.639736 ] }, { "date": "2025-06-13", "close": 86.133423, "volume": 36000, "typical_volume": 142990.35, "trend": 93.56642, "fair_value": 97.550799, "relative_strength": -9.103773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.098189, "energy": 27.48472, "activity_lines": [ 86.184468, 85.418256, 87.669243, 90.123141 ] }, { "date": "2025-06-20", "close": 85.654907, "volume": 66000, "typical_volume": 142140.35, "trend": 93.008147, "fair_value": 97.66866, "relative_strength": -9.163523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.604745, "energy": 26.459179, "activity_lines": [ 85.999441, 85.696668, 87.21351, 89.612721 ] }, { "date": "2025-06-27", "close": 85.463501, "volume": 43936, "typical_volume": 137337.15, "trend": 92.347791, "fair_value": 97.78934, "relative_strength": -11.268828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.687376, "energy": 29.9034, "activity_lines": [ 85.788893, 85.808033, 86.794237, 89.125969 ] }, { "date": "2025-07-04", "close": 84.410751, "volume": 265000, "typical_volume": 144886.05, "trend": 91.716146, "fair_value": 97.903271, "relative_strength": -11.920361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.285018, "energy": 32.943748, "activity_lines": [ 85.27847, 85.642725, 86.325743, 88.613902 ] }, { "date": "2025-07-11", "close": 84.123642, "volume": 41100, "typical_volume": 143489.0, "trend": 91.138733, "fair_value": 98.017096, "relative_strength": -12.611192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.726061, "energy": 50.129559, "activity_lines": [ 84.80633, 85.355613, 85.890519, 88.124063 ] }, { "date": "2025-07-18", "close": 95.129585, "volume": 747122, "typical_volume": 169290.1, "trend": 90.960086, "fair_value": 98.200316, "relative_strength": -3.752314, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 7.503357, "energy": 10.481225, "activity_lines": [ 88.130444, 87.066102, 86.572295, 88.381538 ] }, { "date": "2025-07-25", "close": 94.459648, "volume": 139003, "typical_volume": 164788.75, "trend": 90.854812, "fair_value": 98.379242, "relative_strength": -4.22244, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 14.210723, "energy": 36.29766, "activity_lines": [ 90.631501, 88.498177, 87.204395, 88.607316 ] }, { "date": "2025-08-01", "close": 95.129582, "volume": 168034, "typical_volume": 167839.4, "trend": 90.755918, "fair_value": 98.561884, "relative_strength": -3.725693, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.204309, "energy": 61.728411, "activity_lines": [ 92.768886, 89.902413, 87.915337, 88.883107 ] }, { "date": "2025-08-08", "close": 95.838943, "volume": 151011, "typical_volume": 171524.95, "trend": 90.712571, "fair_value": 98.740813, "relative_strength": -5.126844, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.28241, "energy": 69.085129, "activity_lines": [ 94.49832, 91.273797, 88.703409, 89.211045 ] }, { "date": "2025-08-15", "close": 93.978943, "volume": 488000, "typical_volume": 190274.95, "trend": 90.655075, "fair_value": 98.907819, "relative_strength": -8.004928, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.431711, "energy": 65.710867, "activity_lines": [ 94.845874, 92.135756, 89.318251, 89.421778 ] }, { "date": "2025-08-22", "close": 93.097893, "volume": 126000, "typical_volume": 192374.3, "trend": 90.53631, "fair_value": 99.069177, "relative_strength": -6.506976, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.920308, "energy": 57.708016, "activity_lines": [ 94.242725, 92.693138, 89.852384, 89.579379 ] }, { "date": "2025-08-29", "close": 98.384209, "volume": 1415083, "typical_volume": 221927.95, "trend": 90.577805, "fair_value": 99.264422, "relative_strength": -2.974221, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.058581, "energy": 46.223423, "activity_lines": [ 95.537128, 94.085041, 90.896005, 90.085695 ] }, { "date": "2025-09-05", "close": 97.405258, "volume": 248172, "typical_volume": 225135.35, "trend": 90.61857, "fair_value": 99.393212, "relative_strength": -4.786938, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.350726, "energy": 41.019785, "activity_lines": [ 96.243576, 95.067512, 91.75114, 90.526176 ] }, { "date": "2025-09-12", "close": 100.342102, "volume": 1180119, "typical_volume": 274591.0, "trend": 90.725327, "fair_value": 99.535517, "relative_strength": -5.460746, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.862317, "energy": 54.55671, "activity_lines": [ 97.77726, 96.366831, 92.806779, 91.153501 ] }, { "date": "2025-09-19", "close": 109.152626, "volume": 1375983, "typical_volume": 338639.35, "trend": 91.077918, "fair_value": 99.695949, "relative_strength": 2.46637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.193563, "energy": 81.937537, "activity_lines": [ 101.947575, 98.978403, 94.607423, 92.342359 ] }, { "date": "2025-09-26", "close": 106.705261, "volume": 987210, "typical_volume": 383342.35, "trend": 91.36488, "fair_value": 99.856033, "relative_strength": 0.239547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.415922, "energy": 79.864172, "activity_lines": [ 104.290523, 100.689927, 96.054887, 93.350575 ] }, { "date": "2025-10-03", "close": 106.21579, "volume": 353145, "typical_volume": 396648.1, "trend": 91.651477, "fair_value": 100.01003, "relative_strength": -4.523739, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.605619, "energy": 76.06277, "activity_lines": [ 105.563156, 102.10199, 97.359596, 94.308698 ] }, { "date": "2025-10-10", "close": 106.705261, "volume": 837046, "typical_volume": 436499.45, "trend": 91.97034, "fair_value": 100.171885, "relative_strength": -5.822731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.734987, "energy": 72.080304, "activity_lines": [ 106.47684, 103.389299, 98.615748, 95.27991 ] }, { "date": "2025-10-17", "close": 102.789474, "volume": 686285, "typical_volume": 469362.7, "trend": 92.174628, "fair_value": 100.314538, "relative_strength": -9.035275, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.46294, "energy": 53.052978, "activity_lines": [ 105.465262, 103.75418, 99.401461, 95.977918 ] }, { "date": "2025-10-24", "close": 102.299995, "volume": 200040, "typical_volume": 477714.45, "trend": 92.429592, "fair_value": 100.452283, "relative_strength": -9.9377, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.977048, "energy": 43.919323, "activity_lines": [ 104.127366, 103.903691, 100.062611, 96.631168 ] }, { "date": "2025-10-31", "close": 103.768417, "volume": 405010, "typical_volume": 496164.95, "trend": 92.743074, "fair_value": 100.611832, "relative_strength": -10.626021, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.624832, "energy": 33.678386, "activity_lines": [ 103.735787, 104.168897, 100.786171, 97.362705 ] }, { "date": "2025-11-07", "close": 101.321053, "volume": 179000, "typical_volume": 501814.95, "trend": 93.507729, "fair_value": 100.748022, "relative_strength": -10.611402, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.820331, "energy": 24.546094, "activity_lines": [ 102.724208, 103.795117, 101.192672, 97.916123 ] }, { "date": "2025-11-14", "close": 103.768417, "volume": 322000, "typical_volume": 515718.15, "trend": 94.274209, "fair_value": 100.882791, "relative_strength": -7.342702, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.713899, "energy": 23.400631, "activity_lines": [ 102.854734, 103.812916, 101.757655, 98.578103 ] }, { "date": "2025-11-21", "close": 99.363152, "volume": 474005, "typical_volume": 526168.4, "trend": 94.900227, "fair_value": 101.00053, "relative_strength": -7.722681, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.478035, "energy": 17.469166, "activity_lines": [ 101.712628, 102.914064, 101.815922, 98.906422 ] }, { "date": "2025-11-28", "close": 103.768417, "volume": 536000, "typical_volume": 550913.4, "trend": 95.561434, "fair_value": 101.094588, "relative_strength": -7.42077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.018197, "energy": 18.537126, "activity_lines": [ 102.267364, 102.833968, 102.222537, 99.478563 ] }, { "date": "2025-12-05", "close": 99.852631, "volume": 1108000, "typical_volume": 568957.3, "trend": 96.00598, "fair_value": 101.221366, "relative_strength": -11.592564, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.520664, "energy": 10.985527, "activity_lines": [ 101.418944, 102.139806, 102.162673, 99.755414 ] }, { "date": "2025-12-12", "close": 100.342102, "volume": 120007, "typical_volume": 568007.5, "trend": 96.476413, "fair_value": 101.351871, "relative_strength": -11.499459, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.747497, "energy": 12.454661, "activity_lines": [ 100.994734, 101.659231, 102.126935, 100.035164 ] }, { "date": "2025-12-19", "close": 99.852631, "volume": 167003, "typical_volume": 567955.95, "trend": 96.930529, "fair_value": 101.476878, "relative_strength": -10.008876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.31445, "energy": 9.783128, "activity_lines": [ 100.472629, 101.196457, 102.016569, 100.252985 ] }, { "date": "2025-12-26", "close": 99.363152, "volume": 252000, "typical_volume": 573005.4, "trend": 97.36195, "fair_value": 101.561577, "relative_strength": -12.787109, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.274127, "energy": 11.467439, "activity_lines": [ 100.048418, 100.769279, 101.837095, 100.409928 ] }, { "date": "2026-01-02", "close": 103.278946, "volume": 819100, "typical_volume": 589560.4, "trend": 97.936657, "fair_value": 101.673148, "relative_strength": -11.505121, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.229121, "energy": 10.885533, "activity_lines": [ 100.929471, 101.116361, 102.013772, 100.79167 ] }, { "date": "2026-01-09", "close": 106.705261, "volume": 714272, "typical_volume": 618974.0, "trend": 98.622385, "fair_value": 101.842672, "relative_strength": -11.09573, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.377769, "energy": 25.079345, "activity_lines": [ 102.985261, 102.06861, 102.472478, 101.357386 ] }, { "date": "2026-01-16", "close": 113.557892, "volume": 1109020, "typical_volume": 603670.85, "trend": 99.552485, "fair_value": 102.066154, "relative_strength": -8.518063, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.628829, "energy": 65.850368, "activity_lines": [ 106.868418, 104.213394, 103.51902, 102.320967 ] }, { "date": "2026-01-23", "close": 111.110527, "volume": 949046, "typical_volume": 638714.55, "trend": 100.407385, "fair_value": 102.281027, "relative_strength": -11.737471, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.77261, "energy": 71.036707, "activity_lines": [ 109.054735, 105.690716, 104.260223, 103.066648 ] }, { "date": "2026-01-30", "close": 105.726311, "volume": 699010, "typical_volume": 614659.1, "trend": 101.117904, "fair_value": 102.466107, "relative_strength": -15.940948, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.513722, "energy": 66.216238, "activity_lines": [ 108.695787, 106.055596, 104.423381, 103.409804 ] }, { "date": "2026-02-06", "close": 104.747368, "volume": 771051, "typical_volume": 584412.5, "trend": 101.805362, "fair_value": 102.644911, "relative_strength": -15.652214, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.632781, "energy": 55.162998, "activity_lines": [ 107.586314, 106.126792, 104.467667, 103.643963 ] }, { "date": "2026-02-13", "close": 106.21579, "volume": 94040, "typical_volume": 539754.0, "trend": 102.174902, "fair_value": 102.806577, "relative_strength": -18.694814, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.651171, "energy": 29.630327, "activity_lines": [ 106.86842, 106.447175, 104.67278, 103.928507 ] }, { "date": "2026-02-27", "close": 106.705261, "volume": 846008, "typical_volume": 564397.15, "trend": 102.583089, "fair_value": 102.953092, "relative_strength": -22.051944, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.297217, "energy": 17.344022, "activity_lines": [ 106.346315, 106.74086, 104.92684, 104.220788 ] }, { "date": "2026-03-06", "close": 105.236839, "volume": 474001, "typical_volume": 546244.9, "trend": 102.919997, "fair_value": 102.949182, "relative_strength": -18.516742, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.683113, "energy": 16.108664, "activity_lines": [ 105.791577, 106.651864, 105.03872, 104.391998 ] }, { "date": "2026-03-13", "close": 104.257889, "volume": 310002, "typical_volume": 527430.75, "trend": 103.200629, "fair_value": 102.894747, "relative_strength": -18.301735, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.556017, "energy": 13.529577, "activity_lines": [ 105.302102, 106.286983, 105.064358, 104.478313 ] }, { "date": "2026-03-20", "close": 103.278946, "volume": 317000, "typical_volume": 533278.75, "trend": 103.510629, "fair_value": 102.831086, "relative_strength": -18.866808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.877869, "energy": 11.514664, "activity_lines": [ 104.584208, 105.655117, 104.989772, 104.483366 ] }, { "date": "2026-03-27", "close": 103.768417, "volume": 165126, "typical_volume": 521284.55, "trend": 103.866313, "fair_value": 102.693863, "relative_strength": -16.907451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.744745, "energy": 12.961791, "activity_lines": [ 104.127365, 105.112246, 104.95714, 104.499997 ] }, { "date": "2026-04-03", "close": 100.342102, "volume": 189007, "typical_volume": 521784.9, "trend": 103.931576, "fair_value": 102.575976, "relative_strength": -17.773213, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.845144, "energy": 19.428763, "activity_lines": [ 102.691576, 103.999806, 104.598193, 104.272629 ] }, { "date": "2026-04-10", "close": 105.726311, "volume": 1415001, "typical_volume": 576434.95, "trend": 104.208945, "fair_value": 102.359852, "relative_strength": -19.725831, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.120086, "energy": 9.530618, "activity_lines": [ 103.474733, 104.1066, 104.756689, 104.388418 ] }, { "date": "2026-04-17", "close": 119.921051, "volume": 895296, "typical_volume": 597499.5, "trend": 104.861576, "fair_value": 102.267171, "relative_strength": -12.034834, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.070025, "energy": 51.481458, "activity_lines": [ 108.956839, 106.89215, 106.257742, 105.402103 ] }, { "date": "2026-04-24", "close": 112.578941, "volume": 1078044, "typical_volume": 624601.7, "trend": 104.975787, "fair_value": 102.080224, "relative_strength": -21.414904, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.23352, "energy": 57.39238, "activity_lines": [ 110.947364, 108.084685, 106.961651, 105.899997 ] }, { "date": "2026-05-01", "close": 114.047363, "volume": 334198, "typical_volume": 585911.6, "trend": 105.220524, "fair_value": 101.84074, "relative_strength": -19.907117, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.463224, "energy": 64.025065, "activity_lines": [ 112.807364, 109.401814, 107.763455, 106.48526 ] }, { "date": "2026-05-08", "close": 135.094727, "volume": 2577140, "typical_volume": 708768.25, "trend": 106.183155, "fair_value": 101.733225, "relative_strength": -10.860979, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.215007, "energy": 86.705066, "activity_lines": [ 120.997888, 114.403344, 110.502176, 108.412628 ] }, { "date": "2026-05-15", "close": 121.878944, "volume": 2847368, "typical_volume": 842786.5, "trend": 106.688944, "fair_value": 101.538044, "relative_strength": -18.230327, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.140025, "energy": 70.791941, "activity_lines": [ 122.46631, 116.485832, 111.816763, 109.42526 ] }, { "date": "2026-05-22", "close": 129.710526, "volume": 933317, "typical_volume": 876852.35, "trend": 107.586313, "fair_value": 101.484515, "relative_strength": -14.834187, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.910327, "energy": 73.525279, "activity_lines": [ 125.468417, 119.689661, 113.772327, 110.910523 ] }, { "date": "2026-05-29", "close": 139.5, "volume": 1787129, "typical_volume": 925253.8, "trend": 108.826313, "fair_value": 101.473089, "relative_strength": -13.052854, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.28808, "energy": 79.172403, "activity_lines": [ 131.08105, 124.210618, 116.515711, 112.969471 ] }, { "date": "2026-06-05", "close": 137.542099, "volume": 810167, "typical_volume": 930048.55, "trend": 109.952102, "fair_value": 101.481563, "relative_strength": -14.458955, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.421432, "energy": 64.023791, "activity_lines": [ 134.246313, 127.71703, 118.900147, 114.822102 ] }, { "date": "2026-06-12", "close": 130.199997, "volume": 731020, "typical_volume": 911148.55, "trend": 110.914734, "fair_value": 101.440023, "relative_strength": -16.912979, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.467371, "energy": 56.347309, "activity_lines": [ 133.397892, 129.274446, 120.438493, 116.128418 ] }, { "date": "2026-06-19", "close": 129.221054, "volume": 402047, "typical_volume": 883798.6, "trend": 111.763155, "fair_value": 101.463007, "relative_strength": -21.133411, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.097251, "energy": 46.756071, "activity_lines": [ 132.549472, 130.111002, 121.804358, 117.309471 ] }, { "date": "2026-06-26", "close": 126.773682, "volume": 346042, "typical_volume": 866150.2, "trend": 112.676839, "fair_value": 101.547004, "relative_strength": -18.879681, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.688607, "energy": 36.324567, "activity_lines": [ 130.395788, 130.075404, 122.850899, 118.277892 ] }, { "date": "2026-07-03", "close": 131.17894, "volume": 429000, "typical_volume": 849047.65, "trend": 113.590523, "fair_value": 101.668089, "relative_strength": -19.591679, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.500581, "energy": 27.340462, "activity_lines": [ 129.906312, 130.716169, 124.216763, 119.471576 ] }, { "date": "2026-07-10", "close": 132.647369, "volume": 309222, "typical_volume": 859806.75, "trend": 114.683681, "fair_value": 101.792688, "relative_strength": -15.754648, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.760062, "energy": 27.639924, "activity_lines": [ 130.46105, 131.285739, 125.596613, 120.70105 ] }, { "date": "2026-07-17", "close": 113.06842, "volume": 951000, "typical_volume": 865056.35, "trend": 115.107892, "fair_value": 101.670829, "relative_strength": -23.228039, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.549743, "energy": 13.416839, "activity_lines": [ 124.815788, 127.957318, 124.985937, 120.596839 ] }, { "date": "2026-07-24", "close": 118.452629, "volume": 387020, "typical_volume": 860707.3, "trend": 115.727892, "fair_value": 101.556935, "relative_strength": -20.786315, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.390511, "energy": 15.483103, "activity_lines": [ 122.107366, 126.008323, 124.857741, 120.812629 ] }, { "date": "2026-07-31", "close": 109.642105, "volume": 724050, "typical_volume": 881409.7, "trend": 116.070524, "fair_value": 101.327562, "relative_strength": -25.137865, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.184978, "energy": 15.433426, "activity_lines": [ 117.179999, 122.519711, 123.827516, 120.419997 ] }, { "date": "2026-08-07", "close": 118.5, "volume": 553072, "typical_volume": 893213.3, "trend": 116.577892, "fair_value": 101.219872, "relative_strength": -20.492297, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.405106, "energy": 22.828619, "activity_lines": [ 116.347368, 121.006506, 123.615261, 120.576738 ] }, { "date": "2026-08-14", "close": 109.0, "volume": 324068, "typical_volume": 901160.4, "trend": 116.654383, "fair_value": 101.185729, "relative_strength": -28.741981, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.509021, "energy": 39.458049, "activity_lines": [ 113.193333, 118.147846, 122.425762, 120.087841 ] } ], "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." } } }