{ "ticker": { "uuid": "ba814d96-6b00-4498-96b1-d8916581dace", "symbol": "4908", "name": "APAC Opto Electronics Inc.", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 64.779, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -21.41, "architecture_energy": 39.6, "architecture_maturity": 6.185, "architecture_confidence": 64.988, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 35.54, "rotation_up": 15.87, "upward_expansion": 22.42, "deceleration": 52.93, "rotation_down": 60.23, "downward_expansion": 49.75 }, "activity_lines": [ 144.266667, 153.290909, 176.885714, 169.596129 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 155.0, "trend_reference": 150.88, "distance_from_trend": 0.027306, "trend_direction": "Improving", "fair_value": 99.403796, "distance_from_fair_value": 0.559297, "fair_value_direction": "Weakening", "relative_strength": -2.72202, "relative_strength_direction": "Weakening", "price_momentum": 1.143845, "excess_performance": 0.702473, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.027306, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.239736, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.559297, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.210384, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.02722, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.807128, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 1.143845, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.587247, "read": "Supply-led" } ], "volume": { "latest": 10134371, "relative_activity": 0.836005, "balance": 0.587247, "dry_up": 0.791225, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.23871, "annualized_volatility": 0.828762, "from_high_reference": -0.504, "from_low_reference": 1.256186 }, "levels": { "trend_reference": 150.88, "fair_value_reference": 99.403796, "structural_low": 71.400002, "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": 4, "median_return": 0.059628, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.032789, "regime_survival": 0.25, "best_return": 0.129915, "worst_return": -0.072229, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.103806, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.116255, "regime_survival": 0.0, "best_return": 0.111111, "worst_return": 0.083447, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.367893, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.522759, "regime_survival": 0.0, "best_return": 2.652531, "worst_return": 0.217993, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.142593, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.292248, "regime_survival": 0.0, "best_return": 0.142593, "worst_return": 0.142593, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-03-14", "tenure": "Developing", "return": -0.124752, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-07-18", "tenure": "Established", "return": -0.116201, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": 0.118215, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": 0.001853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-03", "tenure": "New", "return": -0.032366, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": -0.094737, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-12", "tenure": "Developing", "return": 0.098495, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.051813, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": -0.065245, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-03-06", "tenure": "Developing", "return": 0.348548, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": 0.080189, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-27", "end": "2026-06-19", "tenure": "Established", "return": 0.884444, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.286486, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.080139, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 46.564846, "volume": 6870000, "typical_volume": 10406600.0, "trend": 34.728865, "fair_value": 28.556303, "relative_strength": 31.459452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.564462, "energy": 63.72932, "activity_lines": [ 48.956013, 46.220799, 41.603794, 38.475879 ] }, { "date": "2023-08-18", "close": 48.542503, "volume": 6144000, "typical_volume": 10626550.0, "trend": 35.44202, "fair_value": 28.678204, "relative_strength": 37.854668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.311777, "energy": 56.716835, "activity_lines": [ 48.710304, 47.157326, 42.613812, 39.367081 ] }, { "date": "2023-08-25", "close": 52.439236, "volume": 10984000, "typical_volume": 11149150.0, "trend": 36.28207, "fair_value": 28.826107, "relative_strength": 46.767243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.927252, "energy": 54.914595, "activity_lines": [ 49.631662, 48.57925, 43.902699, 40.463676 ] }, { "date": "2023-09-01", "close": 52.819923, "volume": 13971000, "typical_volume": 11659700.0, "trend": 37.086867, "fair_value": 28.979009, "relative_strength": 45.347491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.642845, "energy": 54.664982, "activity_lines": [ 50.653857, 49.760915, 45.118965, 41.530634 ] }, { "date": "2023-09-08", "close": 57.388134, "volume": 36233000, "typical_volume": 13115400.0, "trend": 38.052926, "fair_value": 29.171867, "relative_strength": 57.157465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.987775, "energy": 60.856333, "activity_lines": [ 53.279195, 51.472292, 46.664745, 42.840393 ] }, { "date": "2023-09-15", "close": 66.61972, "volume": 105457000, "typical_volume": 18146850.0, "trend": 39.32221, "fair_value": 29.417548, "relative_strength": 76.335821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.646071, "energy": 67.773687, "activity_lines": [ 58.302125, 54.50763, 48.963273, 44.683412 ] }, { "date": "2023-09-22", "close": 71.854126, "volume": 94192000, "typical_volume": 22784550.0, "trend": 40.759982, "fair_value": 29.696783, "relative_strength": 93.557378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.874236, "energy": 85.832445, "activity_lines": [ 63.732866, 58.040968, 51.596326, 46.782245 ] }, { "date": "2023-09-29", "close": 66.524551, "volume": 48265000, "typical_volume": 24977050.0, "trend": 41.997627, "fair_value": 29.95218, "relative_strength": 76.568456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.328973, "energy": 81.699631, "activity_lines": [ 65.832974, 60.145488, 53.530317, 48.444476 ] }, { "date": "2023-10-06", "close": 67.571434, "volume": 33902000, "typical_volume": 25999150.0, "trend": 43.291144, "fair_value": 30.212434, "relative_strength": 74.87901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.986236, "energy": 79.17549, "activity_lines": [ 67.343022, 62.177146, 55.405183, 50.094399 ] }, { "date": "2023-10-13", "close": 77.088539, "volume": 37752000, "typical_volume": 27590950.0, "trend": 44.945346, "fair_value": 30.55673, "relative_strength": 92.836076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.381046, "energy": 82.793221, "activity_lines": [ 71.042004, 65.692906, 58.034613, 52.274876 ] }, { "date": "2023-10-20", "close": 87.176666, "volume": 171639000, "typical_volume": 35775750.0, "trend": 46.892371, "fair_value": 30.956692, "relative_strength": 117.174597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.501987, "energy": 86.319139, "activity_lines": [ 76.790334, 70.499336, 61.427885, 54.999477 ] }, { "date": "2023-10-27", "close": 90.793167, "volume": 124992000, "typical_volume": 41803650.0, "trend": 48.946462, "fair_value": 31.370834, "relative_strength": 124.215572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.157868, "energy": 88.17986, "activity_lines": [ 82.373702, 75.224915, 64.922753, 57.831786 ] }, { "date": "2023-11-03", "close": 88.889748, "volume": 59651000, "typical_volume": 44675300.0, "trend": 50.923621, "fair_value": 31.781777, "relative_strength": 109.179677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.579463, "energy": 88.429603, "activity_lines": [ 86.059995, 78.836224, 67.97672, 60.408773 ] }, { "date": "2023-11-10", "close": 85.368416, "volume": 55790000, "typical_volume": 47418550.0, "trend": 52.747445, "fair_value": 32.169618, "relative_strength": 94.479007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.657931, "energy": 80.709027, "activity_lines": [ 87.081496, 81.144554, 70.440694, 62.631017 ] }, { "date": "2023-11-17", "close": 87.652527, "volume": 31932000, "typical_volume": 48172250.0, "trend": 54.641413, "fair_value": 32.581633, "relative_strength": 89.186332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.556866, "energy": 64.986496, "activity_lines": [ 87.677903, 83.276386, 72.888411, 64.882958 ] }, { "date": "2023-11-24", "close": 87.08149, "volume": 65671000, "typical_volume": 50420200.0, "trend": 56.4714, "fair_value": 32.984162, "relative_strength": 82.995177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.409615, "energy": 57.998616, "activity_lines": [ 87.379698, 84.754131, 75.044779, 66.975866 ] }, { "date": "2023-12-01", "close": 90.507652, "volume": 39215000, "typical_volume": 51225650.0, "trend": 58.433571, "fair_value": 33.404417, "relative_strength": 84.179496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.626106, "energy": 54.155106, "activity_lines": [ 88.229892, 86.482783, 77.311182, 69.171754 ] }, { "date": "2023-12-08", "close": 92.506241, "volume": 20826000, "typical_volume": 50148100.0, "trend": 60.411422, "fair_value": 33.823186, "relative_strength": 84.664177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.532034, "energy": 54.048109, "activity_lines": [ 89.765317, 88.23566, 79.558676, 71.36999 ] }, { "date": "2023-12-15", "close": 88.699394, "volume": 65436000, "typical_volume": 52611100.0, "trend": 62.178478, "fair_value": 34.218876, "relative_strength": 70.652008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.703045, "energy": 49.968805, "activity_lines": [ 89.790693, 88.823988, 81.250956, 73.195021 ] }, { "date": "2023-12-22", "close": 89.365601, "volume": 13955000, "typical_volume": 52143850.0, "trend": 63.966242, "fair_value": 34.614865, "relative_strength": 69.252172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.002589, "energy": 48.029874, "activity_lines": [ 89.816073, 89.149301, 82.841573, 74.949029 ] }, { "date": "2023-12-29", "close": 80.229187, "volume": 13452000, "typical_volume": 52472950.0, "trend": 65.434477, "fair_value": 34.964466, "relative_strength": 46.741956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.022216, "energy": 33.879207, "activity_lines": [ 86.681777, 87.590227, 83.361239, 75.998251 ] }, { "date": "2024-01-05", "close": 79.65815, "volume": 4706000, "typical_volume": 52401050.0, "trend": 66.880681, "fair_value": 35.300611, "relative_strength": 46.676564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.610868, "energy": 22.18827, "activity_lines": [ 83.813955, 86.053647, 83.666214, 76.915907 ] }, { "date": "2024-01-12", "close": 81.656754, "volume": 13138000, "typical_volume": 52508750.0, "trend": 68.421971, "fair_value": 35.65804, "relative_strength": 47.883242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.867428, "energy": 20.614239, "activity_lines": [ 82.335635, 85.082904, 84.013363, 77.869202 ] }, { "date": "2024-01-19", "close": 82.703629, "volume": 16055182, "typical_volume": 52612959.1, "trend": 69.96969, "fair_value": 36.019796, "relative_strength": 45.818929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.323417, "energy": 20.948041, "activity_lines": [ 81.929572, 84.434011, 84.321082, 78.7906 ] }, { "date": "2024-01-26", "close": 84.702217, "volume": 11050000, "typical_volume": 51353809.1, "trend": 71.530094, "fair_value": 36.401778, "relative_strength": 44.2477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.851748, "energy": 14.510866, "activity_lines": [ 82.589423, 84.196948, 84.67684, 79.741085 ] }, { "date": "2024-02-02", "close": 103.736427, "volume": 118456000, "typical_volume": 52003759.1, "trend": 73.599119, "fair_value": 36.914776, "relative_strength": 72.067049, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.311018, "energy": 44.38594, "activity_lines": [ 89.904903, 87.474293, 86.715313, 81.818913 ] }, { "date": "2024-02-09", "close": 102.308861, "volume": 13389000, "typical_volume": 47963609.1, "trend": 75.457253, "fair_value": 37.423389, "relative_strength": 65.7031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.348724, "energy": 68.946214, "activity_lines": [ 95.177378, 90.189263, 88.441082, 83.671155 ] }, { "date": "2024-02-16", "close": 115.156952, "volume": 36895000, "typical_volume": 47395109.1, "trend": 77.560873, "fair_value": 38.017274, "relative_strength": 77.052403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.535744, "energy": 85.449644, "activity_lines": [ 103.222503, 95.025682, 91.245455, 86.232426 ] }, { "date": "2024-02-23", "close": 118.012085, "volume": 76298000, "typical_volume": 49514909.1, "trend": 79.693743, "fair_value": 38.629726, "relative_strength": 74.514168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.50744, "energy": 90.501455, "activity_lines": [ 109.985992, 99.969385, 94.090163, 88.842181 ] }, { "date": "2024-03-01", "close": 114.681099, "volume": 84387000, "typical_volume": 51846659.1, "trend": 81.943309, "fair_value": 39.210235, "relative_strength": 65.460775, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.32154, "energy": 85.647962, "activity_lines": [ 113.285256, 103.774497, 96.37744, 91.09943 ] }, { "date": "2024-03-08", "close": 101.833008, "volume": 32525000, "typical_volume": 44890959.1, "trend": 83.785581, "fair_value": 39.708913, "relative_strength": 38.223896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.008353, "energy": 68.77612, "activity_lines": [ 110.30323, 104.78331, 97.262078, 92.382636 ] }, { "date": "2024-03-15", "close": 97.074455, "volume": 21545000, "typical_volume": 39718609.1, "trend": 85.403313, "fair_value": 40.178677, "relative_strength": 30.329645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.176029, "energy": 44.312284, "activity_lines": [ 105.861915, 104.534134, 97.623728, 93.239983 ] }, { "date": "2024-03-22", "close": 101.833008, "volume": 13913000, "typical_volume": 37431709.1, "trend": 87.049772, "fair_value": 40.661999, "relative_strength": 30.882477, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.922749, "energy": 27.708386, "activity_lines": [ 103.355744, 104.833491, 98.408662, 94.299963 ] }, { "date": "2024-03-29", "close": 102.308861, "volume": 10674000, "typical_volume": 35175909.1, "trend": 88.699403, "fair_value": 41.156314, "relative_strength": 29.000514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.869822, "energy": 22.19491, "activity_lines": [ 101.896454, 104.852525, 99.177282, 95.284421 ] }, { "date": "2024-04-05", "close": 105.639847, "volume": 16237000, "typical_volume": 34391159.1, "trend": 90.307794, "fair_value": 41.664568, "relative_strength": 30.776955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.775857, "energy": 19.616327, "activity_lines": [ 102.594375, 105.120734, 100.182469, 96.377353 ] }, { "date": "2024-04-12", "close": 98.977875, "volume": 9403000, "typical_volume": 31577759.1, "trend": 91.386399, "fair_value": 42.104964, "relative_strength": 18.537317, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.188654, "energy": 17.634274, "activity_lines": [ 101.674388, 103.796991, 100.467529, 96.936713 ] }, { "date": "2024-04-19", "close": 92.791756, "volume": 8620000, "typical_volume": 30048009.1, "trend": 92.08432, "fair_value": 42.494055, "relative_strength": 16.467714, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.584409, "energy": 12.141375, "activity_lines": [ 98.882703, 101.435018, 100.106785, 97.027381 ] }, { "date": "2024-04-26", "close": 93.362785, "volume": 8795000, "typical_volume": 29446459.1, "trend": 92.978928, "fair_value": 42.898457, "relative_strength": 12.364969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.19113, "energy": 9.546402, "activity_lines": [ 96.566875, 99.349908, 99.789549, 97.109862 ] }, { "date": "2024-05-03", "close": 92.315903, "volume": 7231000, "typical_volume": 26536209.1, "trend": 93.803743, "fair_value": 43.30012, "relative_strength": 8.68507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.126319, "energy": 14.215563, "activity_lines": [ 94.466768, 97.470712, 99.36853, 97.067087 ] }, { "date": "2024-05-10", "close": 90.031792, "volume": 7675000, "typical_volume": 26222209.1, "trend": 94.235185, "fair_value": 43.691906, "relative_strength": 3.011703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.279911, "energy": 22.729645, "activity_lines": [ 92.271488, 95.643427, 98.712756, 96.823735 ] }, { "date": "2024-05-17", "close": 96.598595, "volume": 17048000, "typical_volume": 26402009.1, "trend": 94.549249, "fair_value": 44.139027, "relative_strength": 6.532887, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -14.529217, "energy": 23.233445, "activity_lines": [ 93.305679, 95.458275, 98.679219, 96.976213 ] }, { "date": "2024-05-24", "close": 108.97084, "volume": 36424000, "typical_volume": 27987909.1, "trend": 95.155172, "fair_value": 44.687962, "relative_strength": 16.944641, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.022026, "energy": 15.937744, "activity_lines": [ 98.62257, 97.617794, 99.746041, 97.906638 ] }, { "date": "2024-05-31", "close": 100.405434, "volume": 17499000, "typical_volume": 28205959.1, "trend": 95.539028, "fair_value": 45.175371, "relative_strength": 8.498813, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.882207, "energy": 16.740133, "activity_lines": [ 100.00572, 98.003668, 99.857527, 98.245365 ] }, { "date": "2024-06-07", "close": 96.122742, "volume": 8593000, "typical_volume": 27832850.0, "trend": 95.897506, "fair_value": 45.640622, "relative_strength": -0.366425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.478123, "energy": 18.234706, "activity_lines": [ 99.491797, 97.636827, 99.471857, 98.283024 ] }, { "date": "2024-06-14", "close": 102.784714, "volume": 13161000, "typical_volume": 27938400.0, "trend": 96.401912, "fair_value": 46.145402, "relative_strength": 2.35581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.763901, "energy": 24.202004, "activity_lines": [ 100.944741, 98.593728, 99.656761, 98.72736 ] }, { "date": "2024-06-21", "close": 105.639847, "volume": 25535000, "typical_volume": 23292350.0, "trend": 97.020524, "fair_value": 46.670866, "relative_strength": 0.754914, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.29006, "energy": 31.25175, "activity_lines": [ 102.499202, 100.121656, 100.027475, 99.323356 ] }, { "date": "2024-06-28", "close": 106.59156, "volume": 21376000, "typical_volume": 23691700.0, "trend": 97.556654, "fair_value": 47.198195, "relative_strength": 1.603908, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.429887, "energy": 35.378283, "activity_lines": [ 103.76815, 101.701496, 100.479764, 99.940842 ] }, { "date": "2024-07-05", "close": 108.97084, "volume": 14976000, "typical_volume": 22595750.0, "trend": 98.105474, "fair_value": 47.742099, "relative_strength": 0.656472, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.786303, "energy": 47.111789, "activity_lines": [ 105.98881, 103.463027, 101.138257, 100.677241 ] }, { "date": "2024-07-12", "close": 98.026169, "volume": 21218000, "typical_volume": 19841750.0, "trend": 98.416366, "fair_value": 48.214786, "relative_strength": -11.338397, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.620722, "energy": 27.197498, "activity_lines": [ 103.99022, 102.950834, 100.783859, 100.672124 ] }, { "date": "2024-07-19", "close": 94.028984, "volume": 4896000, "typical_volume": 15867200.0, "trend": 98.571813, "fair_value": 48.660526, "relative_strength": -11.446456, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.344098, "energy": 4.968093, "activity_lines": [ 100.532339, 101.608058, 100.143947, 100.389068 ] }, { "date": "2024-07-26", "close": 87.55735, "volume": 2555000, "typical_volume": 14368700.0, "trend": 98.816085, "fair_value": 49.06081, "relative_strength": -15.038685, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.424636, "energy": 23.755124, "activity_lines": [ 95.500962, 99.015945, 98.986033, 99.678457 ] }, { "date": "2024-08-02", "close": 79.943672, "volume": 3598000, "typical_volume": 13471350.0, "trend": 98.825602, "fair_value": 49.413877, "relative_strength": -20.992898, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -73.657095, "energy": 65.113323, "activity_lines": [ 89.137193, 95.203913, 97.170986, 98.460882 ] }, { "date": "2024-08-09", "close": 76.898201, "volume": 7190000, "typical_volume": 13135200.0, "trend": 98.666984, "fair_value": 49.754306, "relative_strength": -23.648083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.13216, "energy": 76.43488, "activity_lines": [ 83.534792, 91.365926, 95.147469, 97.046211 ] }, { "date": "2024-08-16", "close": 79.00621, "volume": 3570000, "typical_volume": 12780000.0, "trend": 98.543736, "fair_value": 50.107718, "relative_strength": -24.821171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.917924, "energy": 77.918816, "activity_lines": [ 80.773237, 88.338617, 93.443452, 95.777774 ] }, { "date": "2024-08-23", "close": 92.925423, "volume": 27047000, "typical_volume": 13320500.0, "trend": 98.817843, "fair_value": 50.557504, "relative_strength": -11.180575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.889913, "energy": 66.79142, "activity_lines": [ 83.919417, 88.153284, 93.176039, 95.415302 ] }, { "date": "2024-08-30", "close": 102.923729, "volume": 23748000, "typical_volume": 14037750.0, "trend": 98.790753, "fair_value": 51.071648, "relative_strength": -2.684381, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.455955, "energy": 20.597327, "activity_lines": [ 90.471936, 89.965085, 93.921391, 95.680198 ] }, { "date": "2024-09-06", "close": 92.631355, "volume": 12860000, "typical_volume": 14249750.0, "trend": 98.46817, "fair_value": 51.516372, "relative_strength": -9.328209, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.208798, "energy": 18.743959, "activity_lines": [ 92.569239, 89.954928, 93.667727, 95.282817 ] }, { "date": "2024-09-13", "close": 100.47316, "volume": 34835000, "typical_volume": 15551750.0, "trend": 97.97871, "fair_value": 52.003686, "relative_strength": -3.383971, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.972118, "energy": 20.653942, "activity_lines": [ 96.434631, 91.624377, 94.161665, 95.412172 ] }, { "date": "2024-09-20", "close": 99.983047, "volume": 17939000, "typical_volume": 16087150.0, "trend": 97.377742, "fair_value": 52.494212, "relative_strength": -5.633734, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.420314, "energy": 18.65349, "activity_lines": [ 98.564988, 93.359217, 94.575067, 95.541484 ] }, { "date": "2024-09-27", "close": 94.395767, "volume": 14456000, "typical_volume": 16426200.0, "trend": 96.701564, "fair_value": 52.94672, "relative_strength": -13.520431, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.039959, "energy": 10.148725, "activity_lines": [ 97.434463, 94.042609, 94.419837, 95.349098 ] }, { "date": "2024-10-04", "close": 100.47316, "volume": 12060000, "typical_volume": 16176800.0, "trend": 96.656236, "fair_value": 53.437634, "relative_strength": -5.963099, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.192549, "energy": 17.235267, "activity_lines": [ 98.231712, 95.824312, 94.822626, 95.592427 ] }, { "date": "2024-10-11", "close": 97.336441, "volume": 19137000, "typical_volume": 15312450.0, "trend": 96.664969, "fair_value": 53.911746, "relative_strength": -11.158996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.200524, "energy": 11.625261, "activity_lines": [ 98.14676, 96.80087, 94.908229, 95.636311 ] }, { "date": "2024-10-18", "close": 105.37429, "volume": 61947000, "typical_volume": 17534850.0, "trend": 96.783012, "fair_value": 54.438484, "relative_strength": -5.912121, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.728464, "energy": 17.866894, "activity_lines": [ 100.427418, 98.922623, 95.814743, 96.198203 ] }, { "date": "2024-10-25", "close": 99.002823, "volume": 15250000, "typical_volume": 17867700.0, "trend": 96.67281, "fair_value": 54.923554, "relative_strength": -10.57535, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.641157, "energy": 16.770506, "activity_lines": [ 100.257512, 99.36818, 96.090789, 96.341417 ] }, { "date": "2024-11-01", "close": 94.00367, "volume": 8265000, "typical_volume": 17622900.0, "trend": 96.284938, "fair_value": 55.373272, "relative_strength": -12.525983, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.331705, "energy": 7.241255, "activity_lines": [ 98.48657, 98.541226, 95.877012, 96.169214 ] }, { "date": "2024-11-08", "close": 94.297737, "volume": 9521000, "typical_volume": 16822200.0, "trend": 96.128933, "fair_value": 55.808624, "relative_strength": -14.748053, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.577349, "energy": 5.594366, "activity_lines": [ 96.83979, 97.748134, 95.733055, 96.041007 ] }, { "date": "2024-11-15", "close": 87.338135, "volume": 4713000, "typical_volume": 15989050.0, "trend": 95.947146, "fair_value": 56.194957, "relative_strength": -17.802101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.596848, "energy": 26.049252, "activity_lines": [ 93.284838, 95.846495, 94.980289, 95.473859 ] }, { "date": "2024-11-22", "close": 87.53418, "volume": 3528347, "typical_volume": 15416667.35, "trend": 95.752859, "fair_value": 56.58833, "relative_strength": -17.787317, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.992165, "energy": 39.834732, "activity_lines": [ 90.461788, 94.076742, 94.337876, 94.931087 ] }, { "date": "2024-11-29", "close": 87.14209, "volume": 3336000, "typical_volume": 14522567.35, "trend": 95.580399, "fair_value": 56.971478, "relative_strength": -15.349231, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.366271, "energy": 52.926766, "activity_lines": [ 88.697381, 92.470954, 93.760202, 94.375554 ] }, { "date": "2024-12-06", "close": 115.176552, "volume": 61719000, "typical_volume": 17363717.35, "trend": 96.418557, "fair_value": 57.541495, "relative_strength": 7.552709, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.977886, "energy": 13.128536, "activity_lines": [ 97.068511, 96.195813, 95.904305, 95.639822 ] }, { "date": "2024-12-13", "close": 104.884178, "volume": 41456000, "typical_volume": 19308767.35, "trend": 96.694743, "fair_value": 58.041955, "relative_strength": -1.132777, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.886862, "energy": 27.734393, "activity_lines": [ 100.597324, 97.671498, 96.967479, 96.185991 ] }, { "date": "2024-12-20", "close": 99.002823, "volume": 11947000, "typical_volume": 19726217.35, "trend": 96.362476, "fair_value": 58.492044, "relative_strength": -4.289642, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.28466, "energy": 24.530024, "activity_lines": [ 101.459923, 97.997646, 97.388015, 96.334899 ] }, { "date": "2024-12-27", "close": 99.002823, "volume": 18472000, "typical_volume": 20290317.35, "trend": 96.315722, "fair_value": 58.950396, "relative_strength": -7.351469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.938145, "energy": 36.219517, "activity_lines": [ 101.544876, 98.293496, 97.717794, 96.505244 ] }, { "date": "2025-01-03", "close": 94.983902, "volume": 10095000, "typical_volume": 20616567.35, "trend": 96.277761, "fair_value": 59.388769, "relative_strength": -9.535136, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.994615, "energy": 27.610369, "activity_lines": [ 99.525612, 97.974478, 97.559558, 96.41932 ] }, { "date": "2025-01-10", "close": 96.552261, "volume": 12580000, "typical_volume": 19893217.35, "trend": 96.070013, "fair_value": 59.831963, "relative_strength": -8.27553, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.048747, "energy": 13.014657, "activity_lines": [ 97.506347, 98.013687, 97.474605, 96.43703 ] }, { "date": "2025-01-17", "close": 91.749153, "volume": 15018000, "typical_volume": 19456717.35, "trend": 95.606989, "fair_value": 60.248224, "relative_strength": -13.090582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.21596, "energy": 9.315874, "activity_lines": [ 95.127666, 97.133266, 96.914943, 96.158265 ] }, { "date": "2025-01-24", "close": 97.924576, "volume": 13346000, "typical_volume": 19481017.35, "trend": 95.31809, "fair_value": 60.714813, "relative_strength": -8.518664, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.901352, "energy": 15.89681, "activity_lines": [ 95.683127, 97.421988, 96.996628, 96.307786 ] }, { "date": "2025-02-07", "close": 97.140396, "volume": 9068153, "typical_volume": 18192675.0, "trend": 94.923742, "fair_value": 61.185741, "relative_strength": -8.447396, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.932264, "energy": 13.252745, "activity_lines": [ 96.049078, 97.37565, 96.978424, 96.425355 ] }, { "date": "2025-02-14", "close": 93.317513, "volume": 12117645, "typical_volume": 17901607.25, "trend": 94.766787, "fair_value": 61.634917, "relative_strength": -10.193008, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.619986, "energy": 7.583311, "activity_lines": [ 95.264896, 96.459584, 96.612006, 96.321727 ] }, { "date": "2025-02-21", "close": 93.807625, "volume": 4129742, "typical_volume": 17385294.35, "trend": 94.759408, "fair_value": 62.080624, "relative_strength": -11.066915, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.354681, "energy": 6.441925, "activity_lines": [ 94.755178, 95.520349, 96.324007, 96.259845 ] }, { "date": "2025-02-28", "close": 90.082771, "volume": 2638412, "typical_volume": 16914214.95, "trend": 94.843589, "fair_value": 62.496945, "relative_strength": -11.190894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.895786, "energy": 23.511814, "activity_lines": [ 93.186817, 94.292394, 95.684059, 95.958127 ] }, { "date": "2025-03-07", "close": 88.0243, "volume": 2481900, "typical_volume": 16081459.95, "trend": 95.112943, "fair_value": 62.895113, "relative_strength": -10.542855, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.762858, "energy": 38.42957, "activity_lines": [ 91.043392, 92.959287, 94.897545, 95.518173 ] }, { "date": "2025-03-14", "close": 86.651978, "volume": 3122538, "typical_volume": 13140236.85, "trend": 95.438069, "fair_value": 63.285035, "relative_strength": -9.017468, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.180835, "energy": 62.123463, "activity_lines": [ 89.102544, 91.576278, 94.024678, 94.972304 ] }, { "date": "2025-03-21", "close": 87.730225, "volume": 1892481, "typical_volume": 12472360.9, "trend": 95.728869, "fair_value": 63.673881, "relative_strength": -8.486557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.247736, "energy": 64.892918, "activity_lines": [ 88.22034, 90.613874, 93.343654, 94.475024 ] }, { "date": "2025-03-28", "close": 82.044914, "volume": 3007675, "typical_volume": 12209494.65, "trend": 95.366186, "fair_value": 64.017744, "relative_strength": -11.528164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.96723, "energy": 72.878777, "activity_lines": [ 85.815518, 88.749662, 92.174851, 93.592188 ] }, { "date": "2025-04-04", "close": 80.476555, "volume": 1825026, "typical_volume": 11824695.95, "trend": 94.617947, "fair_value": 64.340811, "relative_strength": -11.477255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.635366, "energy": 75.366506, "activity_lines": [ 83.672091, 86.864063, 90.913627, 92.631567 ] }, { "date": "2025-04-11", "close": 64.596893, "volume": 1913049, "typical_volume": 11684698.4, "trend": 93.683465, "fair_value": 64.566217, "relative_strength": -21.842151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.789049, "energy": 88.647079, "activity_lines": [ 76.875857, 82.29621, 88.205869, 90.694725 ] }, { "date": "2025-04-18", "close": 68.811859, "volume": 2193171, "typical_volume": 11617939.6, "trend": 92.628088, "fair_value": 64.807074, "relative_strength": -15.698895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.629644, "energy": 88.677648, "activity_lines": [ 73.046439, 79.100672, 86.007829, 89.090105 ] }, { "date": "2025-04-25", "close": 70.576271, "volume": 2080253, "typical_volume": 11555152.25, "trend": 91.647862, "fair_value": 65.068606, "relative_strength": -15.150256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.011607, "energy": 86.70543, "activity_lines": [ 70.9945, 76.741001, 84.066981, 87.667407 ] }, { "date": "2025-05-02", "close": 74.007065, "volume": 1385187, "typical_volume": 8538461.6, "trend": 90.968239, "fair_value": 65.335328, "relative_strength": -14.517382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.260501, "energy": 84.059485, "activity_lines": [ 71.229755, 75.418588, 82.531761, 86.529291 ] }, { "date": "2025-05-09", "close": 75.771469, "volume": 1876356, "typical_volume": 6559479.4, "trend": 90.144849, "fair_value": 65.625205, "relative_strength": -12.642209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.82321, "energy": 60.247543, "activity_lines": [ 72.589002, 74.776985, 81.360624, 85.548854 ] }, { "date": "2025-05-16", "close": 76.261581, "volume": 1706103, "typical_volume": 6047434.55, "trend": 89.442354, "fair_value": 65.905553, "relative_strength": -15.479457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.051716, "energy": 46.999881, "activity_lines": [ 74.425292, 74.484699, 80.374797, 84.65316 ] }, { "date": "2025-05-23", "close": 74.693214, "volume": 602463, "typical_volume": 5153957.7, "trend": 88.419651, "fair_value": 66.21193, "relative_strength": -16.058045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.420229, "energy": 35.735396, "activity_lines": [ 74.961147, 74.121123, 79.347893, 83.701602 ] }, { "date": "2025-05-30", "close": 73.026833, "volume": 529121, "typical_volume": 4675663.75, "trend": 87.553785, "fair_value": 66.501015, "relative_strength": -16.117765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.848772, "energy": 34.771933, "activity_lines": [ 74.549451, 73.672001, 78.278046, 82.708517 ] }, { "date": "2025-06-06", "close": 71.948586, "volume": 700552, "typical_volume": 4081691.35, "trend": 86.818615, "fair_value": 66.784014, "relative_strength": -18.00273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.149061, "energy": 37.449227, "activity_lines": [ 73.614969, 73.294169, 77.210066, 81.70173 ] }, { "date": "2025-06-13", "close": 72.53672, "volume": 1337709, "typical_volume": 3397676.8, "trend": 86.093248, "fair_value": 67.061969, "relative_strength": -18.44631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.872086, "energy": 41.388607, "activity_lines": [ 73.013763, 73.206839, 76.31526, 80.780318 ] }, { "date": "2025-06-20", "close": 73.222878, "volume": 2862211, "typical_volume": 2873487.35, "trend": 85.622739, "fair_value": 67.335784, "relative_strength": -17.08023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.646318, "energy": 38.355961, "activity_lines": [ 72.856927, 73.388626, 75.577289, 79.949971 ] }, { "date": "2025-06-27", "close": 74.791245, "volume": 1550252, "typical_volume": 2497592.3, "trend": 85.197975, "fair_value": 67.6023, "relative_strength": -16.816921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.252671, "energy": 34.010347, "activity_lines": [ 73.42546, 73.698735, 75.106314, 79.251165 ] }, { "date": "2025-07-04", "close": 75.477402, "volume": 2071353, "typical_volume": 1995277.7, "trend": 84.809152, "fair_value": 67.88313, "relative_strength": -15.409372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.765763, "energy": 24.691411, "activity_lines": [ 74.216177, 74.024883, 74.807112, 78.624031 ] }, { "date": "2025-07-11", "close": 76.163559, "volume": 1512461, "typical_volume": 1864413.65, "trend": 83.508719, "fair_value": 68.195627, "relative_strength": -14.875225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.547806, "energy": 19.90977, "activity_lines": [ 75.072241, 74.386676, 74.658211, 78.066251 ] }, { "date": "2025-07-18", "close": 77.535873, "volume": 1156014, "typical_volume": 1790293.75, "trend": 82.597109, "fair_value": 68.496263, "relative_strength": -15.360077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.457352, "energy": 14.584988, "activity_lines": [ 76.104745, 74.958771, 74.724026, 77.680906 ] }, { "date": "2025-07-25", "close": 81.260735, "volume": 19597939, "typical_volume": 2646095.7, "trend": 82.005706, "fair_value": 68.847218, "relative_strength": -10.945764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.401624, "energy": 11.769327, "activity_lines": [ 78.045593, 76.176034, 75.204337, 77.594688 ] }, { "date": "2025-08-01", "close": 90.866942, "volume": 6353867, "typical_volume": 2807662.15, "trend": 81.73451, "fair_value": 69.253142, "relative_strength": -0.67613, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.738085, "energy": 47.976729, "activity_lines": [ 82.652653, 79.048986, 76.631732, 78.166381 ] }, { "date": "2025-08-08", "close": 87.338135, "volume": 19830588, "typical_volume": 3704567.5, "trend": 81.479651, "fair_value": 69.626253, "relative_strength": -6.838824, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.811323, "energy": 54.603447, "activity_lines": [ 85.01173, 80.98627, 77.702979, 78.527905 ] }, { "date": "2025-08-15", "close": 94.00367, "volume": 20579148, "typical_volume": 4583141.15, "trend": 81.394698, "fair_value": 70.022536, "relative_strength": -1.156456, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.268685, "energy": 69.519389, "activity_lines": [ 88.801937, 83.875263, 79.410906, 79.335907 ] }, { "date": "2025-08-22", "close": 86.0, "volume": 8764830, "typical_volume": 4930131.35, "trend": 81.203059, "fair_value": 70.364483, "relative_strength": -7.441382, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.178986, "energy": 60.428031, "activity_lines": [ 88.734914, 84.908042, 80.299633, 79.633023 ] }, { "date": "2025-08-29", "close": 91.0, "volume": 5516330, "typical_volume": 5110295.4, "trend": 80.97224, "fair_value": 70.727405, "relative_strength": -3.746437, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.122654, "energy": 51.115957, "activity_lines": [ 89.770281, 86.605125, 81.638247, 80.265084 ] }, { "date": "2025-09-05", "close": 87.5, "volume": 3193828, "typical_volume": 5160328.25, "trend": 80.650894, "fair_value": 71.056077, "relative_strength": -7.960202, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.922497, "energy": 43.576981, "activity_lines": [ 88.989698, 87.342623, 82.517799, 80.686229 ] }, { "date": "2025-09-12", "close": 89.599998, "volume": 10253372, "typical_volume": 5568984.2, "trend": 80.526977, "fair_value": 71.401093, "relative_strength": -9.014619, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.582331, "energy": 37.631885, "activity_lines": [ 89.133577, 88.230872, 83.50836, 81.263591 ] }, { "date": "2025-09-19", "close": 89.800003, "volume": 3160233, "typical_volume": 5657736.5, "trend": 80.393389, "fair_value": 71.75344, "relative_strength": -8.678581, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.93364, "energy": 37.67693, "activity_lines": [ 89.193334, 88.89871, 84.42738, 81.861851 ] }, { "date": "2025-09-26", "close": 85.199997, "volume": 6484370, "typical_volume": 5888137.2, "trend": 80.23063, "fair_value": 72.076301, "relative_strength": -12.848134, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.010303, "energy": 26.054146, "activity_lines": [ 87.999999, 88.482249, 84.8331, 82.171954 ] }, { "date": "2025-10-03", "close": 86.699997, "volume": 1827748, "typical_volume": 5894219.45, "trend": 80.186487, "fair_value": 72.417132, "relative_strength": -14.842694, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.27301, "energy": 23.74637, "activity_lines": [ 87.359999, 88.199167, 85.336778, 82.589333 ] }, { "date": "2025-10-10", "close": 85.5, "volume": 1142712, "typical_volume": 5921231.9, "trend": 80.148087, "fair_value": 72.769864, "relative_strength": -17.109567, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.95691, "energy": 18.421156, "activity_lines": [ 86.606666, 87.599008, 85.676465, 82.93214 ] }, { "date": "2025-10-17", "close": 79.300003, "volume": 1823098, "typical_volume": 5985930.75, "trend": 79.86708, "fair_value": 73.071903, "relative_strength": -22.591371, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.199732, "energy": 15.054483, "activity_lines": [ 83.92, 85.969158, 85.374215, 82.877425 ] }, { "date": "2025-10-24", "close": 81.199997, "volume": 1371237, "typical_volume": 6019465.0, "trend": 79.838916, "fair_value": 73.406866, "relative_strength": -20.774363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.530591, "energy": 13.642937, "activity_lines": [ 82.553333, 84.830908, 85.223045, 82.96342 ] }, { "date": "2025-10-31", "close": 80.800003, "volume": 1857040, "typical_volume": 6045431.55, "trend": 79.849698, "fair_value": 73.753672, "relative_strength": -22.570932, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.807131, "energy": 15.699325, "activity_lines": [ 81.626667, 83.852727, 84.989725, 83.025425 ] }, { "date": "2025-11-07", "close": 77.400002, "volume": 1586633, "typical_volume": 5981652.65, "trend": 80.276468, "fair_value": 74.083292, "relative_strength": -23.741428, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.943136, "energy": 33.010362, "activity_lines": [ 79.860001, 82.350909, 84.393247, 82.86738 ] }, { "date": "2025-11-14", "close": 73.099998, "volume": 1472524, "typical_volume": 5977766.25, "trend": 80.419406, "fair_value": 74.372095, "relative_strength": -26.798414, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.287649, "energy": 55.86722, "activity_lines": [ 77.28, 80.314545, 83.367354, 82.404382 ] }, { "date": "2025-11-21", "close": 69.199997, "volume": 1297034, "typical_volume": 5939050.3, "trend": 80.37353, "fair_value": 74.643389, "relative_strength": -27.714346, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.202187, "energy": 68.262439, "activity_lines": [ 74.226666, 77.830909, 81.978085, 81.68055 ] }, { "date": "2025-11-28", "close": 80.699997, "volume": 4161381, "typical_volume": 6071496.3, "trend": 80.596628, "fair_value": 74.984367, "relative_strength": -18.949751, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.869691, "energy": 50.904717, "activity_lines": [ 75.679998, 77.80909, 81.713947, 81.701612 ] }, { "date": "2025-12-05", "close": 81.400002, "volume": 5817718, "typical_volume": 6304581.5, "trend": 80.784246, "fair_value": 75.336171, "relative_strength": -18.846948, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.968376, "energy": 31.616659, "activity_lines": [ 77.399999, 78.08, 81.494874, 81.753443 ] }, { "date": "2025-12-12", "close": 80.300003, "volume": 5556228, "typical_volume": 5602495.95, "trend": 80.91886, "fair_value": 75.657874, "relative_strength": -19.646965, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.13991, "energy": 14.651314, "activity_lines": [ 78.713334, 78.22, 81.152639, 81.722201 ] }, { "date": "2025-12-19", "close": 77.199997, "volume": 1181128, "typical_volume": 5343859.0, "trend": 81.002419, "fair_value": 75.970077, "relative_strength": -20.587574, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.460405, "energy": 13.59541, "activity_lines": [ 78.8, 77.912727, 80.51974, 81.482274 ] }, { "date": "2025-12-26", "close": 81.199997, "volume": 1690723, "typical_volume": 4436865.75, "trend": 81.274858, "fair_value": 76.306769, "relative_strength": -18.291555, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -5.755077, "energy": 11.300459, "activity_lines": [ 79.946666, 78.483635, 80.332874, 81.495021 ] }, { "date": "2026-01-02", "close": 79.699997, "volume": 1095079, "typical_volume": 3462662.3, "trend": 81.533238, "fair_value": 76.63932, "relative_strength": -21.301162, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.063641, "energy": 17.121031, "activity_lines": [ 79.793331, 78.747271, 80.03238, 81.393418 ] }, { "date": "2026-01-09", "close": 74.5, "volume": 1775471, "typical_volume": 3113194.35, "trend": 81.598681, "fair_value": 76.9443, "relative_strength": -28.040372, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.222766, "energy": 30.020275, "activity_lines": [ 77.973332, 78.092726, 79.304761, 80.93966 ] }, { "date": "2026-01-16", "close": 72.300003, "volume": 1366004, "typical_volume": 2905678.05, "trend": 81.567918, "fair_value": 77.232008, "relative_strength": -31.929698, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.561478, "energy": 46.684363, "activity_lines": [ 75.88, 77.152727, 78.422381, 80.339746 ] }, { "date": "2026-01-23", "close": 74.400002, "volume": 1648589, "typical_volume": 2828416.1, "trend": 81.554877, "fair_value": 77.534907, "relative_strength": -30.517759, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.675771, "energy": 53.316467, "activity_lines": [ 75.020001, 76.687273, 77.829047, 79.877299 ] }, { "date": "2026-01-30", "close": 72.099998, "volume": 4392742, "typical_volume": 2535384.6, "trend": 81.442297, "fair_value": 77.822485, "relative_strength": -32.134884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.671099, "energy": 61.655544, "activity_lines": [ 73.58, 75.78, 77.079047, 79.267307 ] }, { "date": "2026-02-06", "close": 72.300003, "volume": 3450144, "typical_volume": 2549880.15, "trend": 81.313512, "fair_value": 78.102126, "relative_strength": -30.594998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.942205, "energy": 59.516011, "activity_lines": [ 72.813335, 74.856364, 76.431429, 78.677482 ] }, { "date": "2026-02-13", "close": 79.199997, "volume": 4326618, "typical_volume": 2441992.55, "trend": 81.368982, "fair_value": 78.427727, "relative_strength": -27.381961, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.93743, "energy": 29.911625, "activity_lines": [ 74.84, 75.34, 76.524285, 78.541126 ] }, { "date": "2026-02-27", "close": 87.099998, "volume": 18211242, "typical_volume": 3261167.25, "trend": 81.563625, "fair_value": 78.803103, "relative_strength": -23.540667, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.364917, "energy": 8.149194, "activity_lines": [ 79.186666, 77.299999, 77.398095, 78.910869 ] }, { "date": "2026-03-06", "close": 97.5, "volume": 52928496, "typical_volume": 5850456.45, "trend": 81.784726, "fair_value": 79.243995, "relative_strength": -9.242205, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 41.060878, "energy": 38.729723, "activity_lines": [ 86.013332, 81.027272, 79.260476, 79.939022 ] }, { "date": "2026-03-13", "close": 106.0, "volume": 22611789, "typical_volume": 6889891.0, "trend": 82.406789, "fair_value": 79.735051, "relative_strength": -0.306505, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.986862, "energy": 70.528823, "activity_lines": [ 94.133333, 85.930909, 81.875238, 81.501298 ] }, { "date": "2026-03-20", "close": 114.5, "volume": 53367356, "typical_volume": 9489696.95, "trend": 83.09, "fair_value": 80.284628, "relative_strength": 7.571986, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.851234, "energy": 91.219696, "activity_lines": [ 102.826666, 91.929091, 85.172381, 83.571828 ] }, { "date": "2026-03-27", "close": 112.5, "volume": 43324582, "typical_volume": 11563074.05, "trend": 83.973333, "fair_value": 80.829741, "relative_strength": 7.429484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.375211, "energy": 89.523659, "activity_lines": [ 108.04, 96.930909, 88.120476, 85.469247 ] }, { "date": "2026-04-03", "close": 101.0, "volume": 13140669, "typical_volume": 12140775.85, "trend": 84.306666, "fair_value": 81.29278, "relative_strength": -1.535393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.644043, "energy": 81.302913, "activity_lines": [ 107.2, 99.150909, 89.822381, 86.567742 ] }, { "date": "2026-04-10", "close": 129.0, "volume": 29973524, "typical_volume": 13565825.85, "trend": 85.69, "fair_value": 81.932713, "relative_strength": 15.754642, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.57795, "energy": 85.065284, "activity_lines": [ 114.766667, 105.94, 94.078571, 89.451182 ] }, { "date": "2026-04-17", "close": 170.5, "volume": 36909041, "typical_volume": 15346426.2, "trend": 88.386666, "fair_value": 82.836078, "relative_strength": 46.047339, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.157035, "energy": 93.504976, "activity_lines": [ 134.066667, 119.281818, 102.020952, 94.922795 ] }, { "date": "2026-04-24", "close": 175.5, "volume": 7882419, "typical_volume": 15532478.1, "trend": 91.243333, "fair_value": 83.76458, "relative_strength": 41.290894, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.036766, "energy": 91.489446, "activity_lines": [ 150.733333, 131.743636, 109.957143, 100.54301 ] }, { "date": "2026-05-01", "close": 214.0, "volume": 4758971, "typical_volume": 15479540.75, "trend": 95.536666, "fair_value": 84.938725, "relative_strength": 70.314019, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.201647, "energy": 97.048416, "activity_lines": [ 176.166667, 149.329091, 121.108571, 108.462795 ] }, { "date": "2026-05-08", "close": 229.5, "volume": 12115105, "typical_volume": 15807484.6, "trend": 100.296666, "fair_value": 86.203584, "relative_strength": 68.927179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.494856, "energy": 95.597045, "activity_lines": [ 200.0, 167.281818, 133.104762, 117.105591 ] }, { "date": "2026-05-15", "close": 242.5, "volume": 2588117, "typical_volume": 15877834.05, "trend": 105.53, "fair_value": 87.555235, "relative_strength": 77.990762, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.745297, "energy": 93.521272, "activity_lines": [ 219.6, 185.009091, 145.628571, 126.28 ] }, { "date": "2026-05-22", "close": 267.0, "volume": 12050893, "typical_volume": 16395842.55, "trend": 111.786666, "fair_value": 89.054141, "relative_strength": 87.809581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.583481, "energy": 92.721127, "activity_lines": [ 239.8, 204.554545, 159.698571, 136.697419 ] }, { "date": "2026-05-29", "close": 233.0, "volume": 18950150, "typical_volume": 17288596.1, "trend": 116.846666, "fair_value": 90.318963, "relative_strength": 53.320522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.78635, "energy": 67.292905, "activity_lines": [ 242.233333, 214.990909, 169.645714, 144.517634 ] }, { "date": "2026-06-05", "close": 226.5, "volume": 15274923, "typical_volume": 17963568.7, "trend": 121.703333, "fair_value": 91.54183, "relative_strength": 46.594156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.568288, "energy": 64.95118, "activity_lines": [ 238.666667, 222.090909, 178.243809, 151.592043 ] }, { "date": "2026-06-12", "close": 199.0, "volume": 8919473, "typical_volume": 18341242.15, "trend": 125.756666, "fair_value": 92.585535, "relative_strength": 30.558664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.416221, "energy": 53.866793, "activity_lines": [ 225.1, 222.118182, 183.499048, 156.578925 ] }, { "date": "2026-06-19", "close": 212.0, "volume": 6476407, "typical_volume": 18582633.05, "trend": 130.386666, "fair_value": 93.711996, "relative_strength": 31.280612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.715959, "energy": 39.210458, "activity_lines": [ 217.9, 222.727273, 189.389048, 162.143011 ] }, { "date": "2026-06-26", "close": 185.0, "volume": 14485912, "typical_volume": 19087291.55, "trend": 134.246666, "fair_value": 94.670855, "relative_strength": 18.882069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.558792, "energy": 26.135463, "activity_lines": [ 203.733333, 216.918182, 192.052381, 165.666452 ] }, { "date": "2026-07-03", "close": 181.0, "volume": 8035170, "typical_volume": 19316542.85, "trend": 137.59, "fair_value": 95.598598, "relative_strength": 10.480843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.769761, "energy": 24.437068, "activity_lines": [ 193.7, 210.118182, 193.797143, 168.682796 ] }, { "date": "2026-07-10", "close": 164.0, "volume": 6528695, "typical_volume": 19426646.7, "trend": 140.343333, "fair_value": 96.406995, "relative_strength": 3.099613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.219362, "energy": 21.357827, "activity_lines": [ 181.466667, 200.127273, 193.405238, 170.386667 ] }, { "date": "2026-07-17", "close": 138.0, "volume": 5992033, "typical_volume": 18815686.25, "trend": 142.266666, "fair_value": 97.024522, "relative_strength": -7.732466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.464379, "energy": 21.315397, "activity_lines": [ 164.733333, 186.318182, 190.133333, 170.235484 ] }, { "date": "2026-07-24", "close": 140.5, "volume": 8289682, "typical_volume": 16583745.55, "trend": 144.376666, "fair_value": 97.626671, "relative_strength": -8.128331, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.025321, "energy": 25.357454, "activity_lines": [ 152.9, 174.627273, 186.857143, 170.121505 ] }, { "date": "2026-07-31", "close": 132.0, "volume": 6916843, "typical_volume": 15798998.25, "trend": 146.07, "fair_value": 98.139181, "relative_strength": -12.41494, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.865865, "energy": 40.198015, "activity_lines": [ 143.0, 163.245455, 182.566667, 169.323011 ] }, { "date": "2026-08-07", "close": 143.5, "volume": 13025208, "typical_volume": 13781890.85, "trend": 148.196667, "fair_value": 98.712733, "relative_strength": -6.841562, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.709606, "energy": 47.924294, "activity_lines": [ 140.466667, 156.409091, 179.247619, 169.157204 ] }, { "date": "2026-08-14", "close": 155.0, "volume": 10134371, "typical_volume": 12122380.3, "trend": 150.88, "fair_value": 99.403796, "relative_strength": -2.72202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.410178, "energy": 39.599578, "activity_lines": [ 144.266667, 153.290909, 176.885714, 169.596129 ] } ], "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." } } }