{ "ticker": { "uuid": "bb3a4206-b1f7-45e7-9285-12148fc0c8dd", "symbol": "5347", "name": "Vanguard International Semiconductor Corporation", "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": 79.613, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 10.4, "architecture_energy": 15.935, "architecture_maturity": 60.421, "architecture_confidence": 84.666, "architecture_tenure": "New", "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": 62.24, "rotation_up": 17.24, "upward_expansion": 44.83, "deceleration": 87.53, "rotation_down": 37.98, "downward_expansion": 27.5 }, "activity_lines": [ 154.266667, 162.565566, 162.979011, 155.231506 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 160.5, "trend_reference": 146.111594, "distance_from_trend": 0.098475, "trend_direction": "Improving", "fair_value": 97.508309, "distance_from_fair_value": 0.646014, "fair_value_direction": "Weakening", "relative_strength": -3.299227, "relative_strength_direction": "Weakening", "price_momentum": 0.369155, "excess_performance": -0.072217, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.098475, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.208937, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.646014, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.271237, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032992, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.174656, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.369155, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.634586, "read": "Supply-led" } ], "volume": { "latest": 107349437, "relative_activity": 0.675173, "balance": 0.634586, "dry_up": 0.819852, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.161889, "annualized_volatility": 0.545048, "from_high_reference": -0.263235, "from_low_reference": 0.875555 }, "levels": { "trend_reference": 146.111594, "fair_value_reference": 97.508309, "structural_low": 102.572371, "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": 10, "median_return": 0.045325, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -2.7e-05, "regime_survival": 0.3, "best_return": 0.29845, "worst_return": -0.05779, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.001761, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.082288, "regime_survival": 0.0, "best_return": 0.486842, "worst_return": -0.204219, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.163557, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.256356, "regime_survival": 0.0, "best_return": 0.78453, "worst_return": -0.264808, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.178649, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.31212, "regime_survival": 0.0, "best_return": -0.101248, "worst_return": -0.524484, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-05-02", "tenure": "Developing", "return": -0.102, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-06-20", "tenure": "Developing", "return": 0.050619, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": -0.027208, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": 0.008556, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": -0.017186, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 0.101418, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.127094, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.01989, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-12", "end": "2025-12-19", "tenure": "New", "return": 0.060573, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-26", "end": "2026-01-09", "tenure": "New", "return": 0.104888, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-06", "tenure": "Developing", "return": -0.150538, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.232456, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-24", "tenure": "Established", "return": 0.104576, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.059406, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 65.538063, "volume": 26675000, "typical_volume": 21910500.0, "trend": 77.314749, "fair_value": 86.257926, "relative_strength": -15.902358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.156718, "energy": 90.569113, "activity_lines": [ 68.21014, 70.612754, 73.599408, 75.404512 ] }, { "date": "2023-08-18", "close": 63.552067, "volume": 26005000, "typical_volume": 21751100.0, "trend": 76.912688, "fair_value": 86.186342, "relative_strength": -17.214894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.897414, "energy": 92.799476, "activity_lines": [ 66.278303, 68.932221, 72.436705, 74.516597 ] }, { "date": "2023-08-25", "close": 61.204971, "volume": 39057000, "typical_volume": 23434050.0, "trend": 76.323799, "fair_value": 86.127385, "relative_strength": -20.607727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.74654, "energy": 94.204622, "activity_lines": [ 64.189992, 67.125304, 71.143423, 73.503196 ] }, { "date": "2023-09-01", "close": 62.829876, "volume": 29541000, "typical_volume": 24005600.0, "trend": 75.657621, "fair_value": 86.069787, "relative_strength": -19.125797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.754387, "energy": 89.058588, "activity_lines": [ 63.257171, 65.908538, 70.104126, 72.632621 ] }, { "date": "2023-09-08", "close": 62.468788, "volume": 24457000, "typical_volume": 23911100.0, "trend": 74.919396, "fair_value": 86.025974, "relative_strength": -19.110243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.898142, "energy": 87.709515, "activity_lines": [ 62.66137, 64.858557, 69.117443, 71.781728 ] }, { "date": "2023-09-15", "close": 64.996429, "volume": 24997000, "typical_volume": 23928850.0, "trend": 74.445458, "fair_value": 85.970189, "relative_strength": -17.379163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.211767, "energy": 71.161185, "activity_lines": [ 63.287262, 64.504031, 68.442249, 71.141537 ] }, { "date": "2023-09-22", "close": 62.288242, "volume": 17821000, "typical_volume": 23868300.0, "trend": 73.87839, "fair_value": 85.897547, "relative_strength": -17.861839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.551488, "energy": 64.776087, "activity_lines": [ 63.046534, 63.79662, 67.553567, 70.3572 ] }, { "date": "2023-09-29", "close": 61.385513, "volume": 19667000, "typical_volume": 24234100.0, "trend": 73.306949, "fair_value": 85.801007, "relative_strength": -18.971968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.11117, "energy": 63.843367, "activity_lines": [ 62.589151, 63.118753, 66.648491, 69.551208 ] }, { "date": "2023-10-06", "close": 63.822876, "volume": 27953000, "typical_volume": 24752250.0, "trend": 72.813897, "fair_value": 85.730152, "relative_strength": -16.505701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.013881, "energy": 53.814151, "activity_lines": [ 62.932187, 63.048175, 66.050647, 68.939333 ] }, { "date": "2023-10-13", "close": 68.065697, "volume": 34121000, "typical_volume": 25534850.0, "trend": 72.34225, "fair_value": 85.718192, "relative_strength": -12.300195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.859072, "energy": 37.924225, "activity_lines": [ 64.623296, 63.855705, 65.91956, 68.632997 ] }, { "date": "2023-10-20", "close": 66.440788, "volume": 35786000, "typical_volume": 26181400.0, "trend": 71.742139, "fair_value": 85.660598, "relative_strength": -12.575477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.229524, "energy": 26.818404, "activity_lines": [ 65.399642, 64.369439, 65.688443, 68.252258 ] }, { "date": "2023-10-27", "close": 64.815887, "volume": 25240000, "typical_volume": 26533550.0, "trend": 71.133589, "fair_value": 85.580512, "relative_strength": -13.012452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.558018, "energy": 23.908505, "activity_lines": [ 65.538063, 64.571323, 65.36136, 67.805403 ] }, { "date": "2023-11-03", "close": 65.176971, "volume": 29380000, "typical_volume": 27037350.0, "trend": 70.571366, "fair_value": 85.504251, "relative_strength": -14.380188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.579751, "energy": 22.496273, "activity_lines": [ 65.628336, 64.81588, 65.141313, 67.421105 ] }, { "date": "2023-11-10", "close": 61.475788, "volume": 64781000, "typical_volume": 29628400.0, "trend": 69.917205, "fair_value": 85.418351, "relative_strength": -19.884871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.702908, "energy": 35.916655, "activity_lines": [ 64.232117, 64.315277, 64.627046, 66.834293 ] }, { "date": "2023-11-17", "close": 66.621346, "volume": 57569000, "typical_volume": 31283400.0, "trend": 69.5603, "fair_value": 85.376505, "relative_strength": -15.452561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.566339, "energy": 23.176321, "activity_lines": [ 64.707557, 64.774849, 64.670156, 66.621657 ] }, { "date": "2023-11-24", "close": 77.18325, "volume": 237054000, "typical_volume": 41330100.0, "trend": 69.655477, "fair_value": 85.365635, "relative_strength": -2.188386, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 19.971524, "energy": 22.500204, "activity_lines": [ 68.799922, 67.079267, 65.761166, 67.11346 ] }, { "date": "2023-12-01", "close": 71.225258, "volume": 178161000, "typical_volume": 49030300.0, "trend": 69.466324, "fair_value": 85.33871, "relative_strength": -10.223941, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.09151, "energy": 30.740741, "activity_lines": [ 70.190125, 68.078834, 66.263256, 67.214737 ] }, { "date": "2023-12-08", "close": 71.044708, "volume": 78273000, "typical_volume": 51603950.0, "trend": 69.262579, "fair_value": 85.26585, "relative_strength": -9.834646, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.282607, "energy": 39.193441, "activity_lines": [ 71.092853, 68.883083, 66.756317, 67.316568 ] }, { "date": "2023-12-15", "close": 72.037712, "volume": 38311000, "typical_volume": 52247200.0, "trend": 69.09765, "fair_value": 85.189293, "relative_strength": -9.777447, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.829794, "energy": 51.164283, "activity_lines": [ 71.935401, 69.692257, 67.340942, 67.495609 ] }, { "date": "2023-12-22", "close": 70.593338, "volume": 30098000, "typical_volume": 52247350.0, "trend": 68.798846, "fair_value": 85.093415, "relative_strength": -10.877929, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.885172, "energy": 36.679019, "activity_lines": [ 71.592362, 70.089457, 67.77683, 67.592105 ] }, { "date": "2023-12-29", "close": 73.572342, "volume": 42331000, "typical_volume": 53030150.0, "trend": 68.62506, "fair_value": 84.981415, "relative_strength": -8.538399, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.918915, "energy": 33.232792, "activity_lines": [ 71.977525, 70.982336, 68.484827, 67.900072 ] }, { "date": "2024-01-05", "close": 70.95443, "volume": 25944000, "typical_volume": 53027100.0, "trend": 68.321145, "fair_value": 84.852634, "relative_strength": -9.468108, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.869481, "energy": 25.350142, "activity_lines": [ 71.730778, 71.269567, 68.90524, 68.050354 ] }, { "date": "2024-01-12", "close": 69.961441, "volume": 20650000, "typical_volume": 52106750.0, "trend": 68.072719, "fair_value": 84.722518, "relative_strength": -10.154134, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 41.25224, "energy": 26.31626, "activity_lines": [ 71.171089, 71.264645, 69.195833, 68.15618 ] }, { "date": "2024-01-19", "close": 67.162979, "volume": 48897438, "typical_volume": 53074571.9, "trend": 67.791022, "fair_value": 84.569432, "relative_strength": -14.086969, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 29.768031, "energy": 16.435194, "activity_lines": [ 69.750798, 70.663921, 69.178209, 68.097487 ] }, { "date": "2024-01-26", "close": 67.524071, "volume": 27967000, "typical_volume": 53250071.9, "trend": 67.527076, "fair_value": 84.418661, "relative_strength": -14.561558, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.139777, "energy": 17.30731, "activity_lines": [ 68.775853, 70.025446, 69.174341, 68.080264 ] }, { "date": "2024-02-02", "close": 65.538063, "volume": 31824000, "typical_volume": 53591421.9, "trend": 67.289357, "fair_value": 84.247612, "relative_strength": -16.76056, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.676686, "energy": 16.92528, "activity_lines": [ 67.343523, 69.009466, 68.957256, 67.951941 ] }, { "date": "2024-02-09", "close": 66.350525, "volume": 9881000, "typical_volume": 53194421.9, "trend": 67.069694, "fair_value": 84.0541, "relative_strength": -15.238103, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.286579, "energy": 23.66928, "activity_lines": [ 66.717633, 68.352937, 68.814969, 67.891371 ] }, { "date": "2024-02-16", "close": 67.524071, "volume": 16738000, "typical_volume": 53047971.9, "trend": 66.973403, "fair_value": 83.923454, "relative_strength": -15.549881, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.939166, "energy": 20.841452, "activity_lines": [ 66.789851, 67.998412, 68.765105, 67.920686 ] }, { "date": "2024-02-23", "close": 65.808884, "volume": 22667000, "typical_volume": 52783671.9, "trend": 66.844012, "fair_value": 83.711376, "relative_strength": -18.327364, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.304984, "energy": 36.009348, "activity_lines": [ 66.452832, 67.396046, 68.522658, 67.845555 ] }, { "date": "2024-03-01", "close": 65.538063, "volume": 26306000, "typical_volume": 52392921.9, "trend": 66.756748, "fair_value": 83.505109, "relative_strength": -18.285824, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.425279, "energy": 40.417486, "activity_lines": [ 66.115812, 66.857691, 68.244961, 67.761301 ] }, { "date": "2024-03-08", "close": 66.982422, "volume": 48045000, "typical_volume": 53005871.9, "trend": 66.804893, "fair_value": 83.350866, "relative_strength": -19.456708, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.906334, "energy": 23.385692, "activity_lines": [ 66.392645, 66.673861, 68.116859, 67.77586 ] }, { "date": "2024-03-15", "close": 75.738899, "volume": 163068000, "typical_volume": 59897271.9, "trend": 67.211121, "fair_value": 83.303066, "relative_strength": -7.830826, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 55.948905, "energy": 29.984914, "activity_lines": [ 69.492014, 68.201934, 68.820127, 68.352248 ] }, { "date": "2024-03-22", "close": 79.3498, "volume": 104738000, "typical_volume": 63665171.9, "trend": 67.815949, "fair_value": 83.275897, "relative_strength": -5.440139, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 80.095316, "energy": 70.399286, "activity_lines": [ 73.169125, 70.299545, 69.815277, 69.135388 ] }, { "date": "2024-03-29", "close": 77.002716, "volume": 46091000, "typical_volume": 62730671.9, "trend": 68.288377, "fair_value": 83.226136, "relative_strength": -7.920565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.81805, "energy": 77.235109, "activity_lines": [ 75.275492, 71.799716, 70.519405, 69.728083 ] }, { "date": "2024-04-05", "close": 76.731895, "volume": 20919000, "typical_volume": 60898171.9, "trend": 68.763813, "fair_value": 83.17967, "relative_strength": -7.833565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.071556, "energy": 80.96667, "activity_lines": [ 76.545331, 73.071742, 71.123803, 70.272826 ] }, { "date": "2024-04-12", "close": 79.169258, "volume": 49041000, "typical_volume": 51497521.9, "trend": 69.236241, "fair_value": 83.133735, "relative_strength": -6.17426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.50944, "energy": 84.802867, "activity_lines": [ 77.881368, 74.61951, 71.912186, 70.944145 ] }, { "date": "2024-04-19", "close": 73.301521, "volume": 62457000, "typical_volume": 45712321.9, "trend": 69.60335, "fair_value": 83.017483, "relative_strength": -7.220578, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.460987, "energy": 61.873884, "activity_lines": [ 76.449037, 74.852577, 72.132279, 71.206421 ] }, { "date": "2024-04-26", "close": 74.92643, "volume": 49256000, "typical_volume": 44261471.9, "trend": 70.054714, "fair_value": 82.911648, "relative_strength": -7.500421, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.572583, "energy": 42.142403, "activity_lines": [ 75.720834, 75.2547, 72.497238, 71.549846 ] }, { "date": "2024-05-03", "close": 83.773178, "volume": 109453000, "typical_volume": 47818571.9, "trend": 70.719724, "fair_value": 82.862522, "relative_strength": 2.746879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.442828, "energy": 54.323238, "activity_lines": [ 78.236439, 77.130734, 73.686261, 72.434908 ] }, { "date": "2024-05-10", "close": 83.050995, "volume": 52271000, "typical_volume": 48927221.9, "trend": 71.219234, "fair_value": 82.793673, "relative_strength": 0.465002, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.524907, "energy": 53.25678, "activity_lines": [ 80.059952, 78.548839, 74.75062, 73.230474 ] }, { "date": "2024-05-17", "close": 88.647903, "volume": 58626000, "typical_volume": 49741971.9, "trend": 71.959471, "fair_value": 82.788374, "relative_strength": 4.760465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.136615, "energy": 78.042572, "activity_lines": [ 83.327827, 80.666147, 76.288697, 74.354904 ] }, { "date": "2024-05-24", "close": 90.724182, "volume": 55318000, "typical_volume": 51210671.9, "trend": 72.823081, "fair_value": 82.839149, "relative_strength": 6.002555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.327255, "energy": 87.957848, "activity_lines": [ 86.655886, 82.767042, 77.952726, 75.56553 ] }, { "date": "2024-05-31", "close": 97.043282, "volume": 134037000, "typical_volume": 56880021.9, "trend": 73.885292, "fair_value": 82.912822, "relative_strength": 15.554517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.323727, "energy": 93.031133, "activity_lines": [ 90.928801, 85.744404, 80.124432, 77.128124 ] }, { "date": "2024-06-07", "close": 100.202827, "volume": 174164000, "typical_volume": 63143350.0, "trend": 75.176193, "fair_value": 82.966499, "relative_strength": 15.670575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.842056, "energy": 92.81002, "activity_lines": [ 94.780441, 88.97453, 82.468087, 78.826029 ] }, { "date": "2024-06-14", "close": 99.300102, "volume": 122081000, "typical_volume": 67849050.0, "trend": 76.265485, "fair_value": 83.029483, "relative_strength": 11.371622, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.781954, "energy": 87.910698, "activity_lines": [ 97.235862, 91.618703, 84.568435, 80.382411 ] }, { "date": "2024-06-21", "close": 110.584206, "volume": 92152000, "typical_volume": 70865450.0, "trend": 77.37885, "fair_value": 83.147191, "relative_strength": 19.824853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.578924, "energy": 91.087424, "activity_lines": [ 102.369378, 95.904201, 87.592145, 82.596522 ] }, { "date": "2024-06-28", "close": 116.903297, "volume": 75117000, "typical_volume": 74127250.0, "trend": 78.901451, "fair_value": 83.282766, "relative_strength": 27.507809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.761909, "energy": 90.498817, "activity_lines": [ 108.146837, 100.767444, 91.003167, 85.146486 ] }, { "date": "2024-07-05", "close": 116.335747, "volume": 213528000, "typical_volume": 83966750.0, "trend": 80.411153, "fair_value": 83.437344, "relative_strength": 23.719077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.11001, "energy": 76.717108, "activity_lines": [ 111.989838, 104.734736, 94.11941, 87.561602 ] }, { "date": "2024-07-12", "close": 113.532471, "volume": 81318000, "typical_volume": 86899300.0, "trend": 81.794311, "fair_value": 83.573952, "relative_strength": 18.617791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.318635, "energy": 66.508062, "activity_lines": [ 113.61225, 107.439445, 96.736238, 89.698461 ] }, { "date": "2024-07-19", "close": 110.729202, "volume": 67004000, "typical_volume": 88934200.0, "trend": 83.132173, "fair_value": 83.712715, "relative_strength": 20.578942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.271126, "energy": 63.425173, "activity_lines": [ 113.411596, 109.093391, 98.858832, 91.565228 ] }, { "date": "2024-07-26", "close": 105.122658, "volume": 40942000, "typical_volume": 88579050.0, "trend": 84.183851, "fair_value": 83.795413, "relative_strength": 17.947268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.915828, "energy": 52.558276, "activity_lines": [ 110.580153, 109.224724, 100.232274, 92.983969 ] }, { "date": "2024-08-02", "close": 109.794777, "volume": 61481000, "typical_volume": 83499700.0, "trend": 85.478529, "fair_value": 83.925671, "relative_strength": 25.313795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.590011, "energy": 40.791521, "activity_lines": [ 109.670187, 109.905993, 101.86906, 94.636287 ] }, { "date": "2024-08-09", "close": 110.729202, "volume": 69822000, "typical_volume": 81753900.0, "trend": 86.837454, "fair_value": 84.054371, "relative_strength": 26.64795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.568733, "energy": 34.760153, "activity_lines": [ 109.545598, 110.41042, 103.432668, 96.265363 ] }, { "date": "2024-08-16", "close": 111.66362, "volume": 31467000, "typical_volume": 81022700.0, "trend": 88.320809, "fair_value": 84.050704, "relative_strength": 22.042413, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.857335, "energy": 33.462744, "activity_lines": [ 110.10625, 110.835905, 104.935842, 97.867051 ] }, { "date": "2024-08-23", "close": 113.999687, "volume": 53815000, "typical_volume": 82667500.0, "trend": 89.869996, "fair_value": 84.069558, "relative_strength": 24.83188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.0677, "energy": 40.005485, "activity_lines": [ 111.570182, 111.477753, 106.496446, 99.523753 ] }, { "date": "2024-08-30", "close": 114.934113, "volume": 23212000, "typical_volume": 81376050.0, "trend": 91.516531, "fair_value": 84.127463, "relative_strength": 24.428091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.70106, "energy": 41.823221, "activity_lines": [ 113.127557, 112.02223, 107.968578, 101.140792 ] }, { "date": "2024-09-06", "close": 110.261986, "volume": 51389000, "typical_volume": 80822650.0, "trend": 92.980246, "fair_value": 84.067658, "relative_strength": 23.222662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.016081, "energy": 37.250056, "activity_lines": [ 112.473459, 111.638141, 108.825437, 102.350177 ] }, { "date": "2024-09-13", "close": 98.114487, "volume": 61192000, "typical_volume": 81419450.0, "trend": 93.999927, "fair_value": 83.878361, "relative_strength": 7.681052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.347809, "energy": 17.589411, "activity_lines": [ 107.739047, 109.166166, 108.349389, 102.681418 ] }, { "date": "2024-09-20", "close": 99.516121, "volume": 49491000, "typical_volume": 78421350.0, "trend": 95.123502, "fair_value": 83.620613, "relative_strength": 6.915101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.627399, "energy": 12.206368, "activity_lines": [ 104.312828, 107.28033, 107.89641, 103.037301 ] }, { "date": "2024-09-27", "close": 95.037102, "volume": 35631411, "typical_volume": 77589370.55, "trend": 96.106803, "fair_value": 83.393521, "relative_strength": -1.050642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -5.674761, "energy": 20.947948, "activity_lines": [ 100.203436, 104.834969, 106.941892, 103.031727 ] }, { "date": "2024-10-04", "close": 93.44236, "volume": 23108248, "typical_volume": 75813482.95, "trend": 96.988801, "fair_value": 83.179436, "relative_strength": -0.590662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -30.176233, "energy": 42.356036, "activity_lines": [ 96.826635, 102.384967, 105.778417, 102.859828 ] }, { "date": "2024-10-11", "close": 95.311211, "volume": 37364000, "typical_volume": 74915782.95, "trend": 97.641211, "fair_value": 83.021212, "relative_strength": -1.301994, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.317864, "energy": 51.319512, "activity_lines": [ 95.505569, 100.487124, 104.770097, 102.751596 ] }, { "date": "2024-10-18", "close": 91.760399, "volume": 37011000, "typical_volume": 70064482.95, "trend": 98.054898, "fair_value": 82.850551, "relative_strength": -7.29139, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.128715, "energy": 55.710685, "activity_lines": [ 93.997616, 98.207017, 103.401761, 102.372189 ] }, { "date": "2024-10-25", "close": 92.507942, "volume": 35946000, "typical_volume": 63153582.95, "trend": 98.571739, "fair_value": 82.700168, "relative_strength": -5.956762, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.251187, "energy": 50.734206, "activity_lines": [ 93.162451, 96.407714, 102.129777, 102.014321 ] }, { "date": "2024-11-01", "close": 88.770248, "volume": 42326000, "typical_volume": 59165832.95, "trend": 98.973017, "fair_value": 82.528408, "relative_strength": -7.483159, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.7396, "energy": 50.412875, "activity_lines": [ 91.548599, 94.277115, 100.538464, 101.381967 ] }, { "date": "2024-11-08", "close": 88.11615, "volume": 40349000, "typical_volume": 56575682.95, "trend": 99.271247, "fair_value": 82.347292, "relative_strength": -11.20462, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.357194, "energy": 57.64697, "activity_lines": [ 90.134505, 92.486307, 98.934998, 100.681524 ] }, { "date": "2024-11-15", "close": 84.93911, "volume": 40059000, "typical_volume": 54822782.95, "trend": 99.659166, "fair_value": 82.14581, "relative_strength": -11.29816, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.940456, "energy": 63.79648, "activity_lines": [ 88.016478, 90.605454, 97.135948, 99.75687 ] }, { "date": "2024-11-22", "close": 86.060417, "volume": 74693802, "typical_volume": 47881073.05, "trend": 100.030299, "fair_value": 81.902474, "relative_strength": -10.471851, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.429388, "energy": 76.213339, "activity_lines": [ 86.963694, 89.388891, 95.595899, 98.879531 ] }, { "date": "2024-11-29", "close": 83.63092, "volume": 36287000, "typical_volume": 45629523.05, "trend": 100.025557, "fair_value": 81.633239, "relative_strength": -10.356384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.557365, "energy": 76.797759, "activity_lines": [ 85.481076, 87.949766, 93.968637, 97.821506 ] }, { "date": "2024-12-06", "close": 87.181732, "volume": 33131000, "typical_volume": 43935873.05, "trend": 100.163249, "fair_value": 81.428065, "relative_strength": -10.165352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.317086, "energy": 68.197994, "activity_lines": [ 85.773864, 87.445065, 92.821937, 96.992872 ] }, { "date": "2024-12-13", "close": 86.247299, "volume": 23984000, "typical_volume": 43087973.05, "trend": 100.083229, "fair_value": 81.134303, "relative_strength": -10.3254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.436444, "energy": 64.531462, "activity_lines": [ 85.861075, 86.913293, 91.698374, 96.095069 ] }, { "date": "2024-12-20", "close": 90.919426, "volume": 57070000, "typical_volume": 42867423.05, "trend": 100.089737, "fair_value": 80.924696, "relative_strength": -3.337019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.750208, "energy": 41.426296, "activity_lines": [ 87.630252, 87.361817, 91.109658, 95.503856 ] }, { "date": "2024-12-27", "close": 94.843994, "volume": 66207000, "typical_volume": 42686673.05, "trend": 100.016427, "fair_value": 80.729921, "relative_strength": -2.467832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.184501, "energy": 24.007356, "activity_lines": [ 90.30893, 88.60375, 90.984593, 95.165421 ] }, { "date": "2025-01-03", "close": 92.788269, "volume": 25018000, "typical_volume": 42364223.05, "trend": 99.769275, "fair_value": 80.519387, "relative_strength": -3.051747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.458602, "energy": 24.237277, "activity_lines": [ 91.716795, 89.415849, 90.739388, 94.699088 ] }, { "date": "2025-01-10", "close": 91.573517, "volume": 35094000, "typical_volume": 41428173.05, "trend": 99.511722, "fair_value": 80.290742, "relative_strength": -4.744758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.101747, "energy": 24.119644, "activity_lines": [ 92.109253, 90.001987, 90.468376, 94.17033 ] }, { "date": "2025-01-17", "close": 87.555489, "volume": 30678000, "typical_volume": 41801473.05, "trend": 98.744098, "fair_value": 80.116357, "relative_strength": -9.453588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.469354, "energy": 23.129777, "activity_lines": [ 90.869582, 89.806606, 89.921485, 93.39896 ] }, { "date": "2025-01-24", "close": 88.489922, "volume": 11637000, "typical_volume": 39813873.05, "trend": 97.796986, "fair_value": 79.96603, "relative_strength": -9.958798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.76412, "energy": 20.343594, "activity_lines": [ 89.854177, 89.791316, 89.593963, 92.7374 ] }, { "date": "2025-02-07", "close": 82.416161, "volume": 45818955, "typical_volume": 39045220.8, "trend": 96.666333, "fair_value": 79.781931, "relative_strength": -15.924753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.328487, "energy": 46.861644, "activity_lines": [ 86.976151, 88.607146, 88.791663, 91.745089 ] }, { "date": "2025-02-14", "close": 81.481743, "volume": 32319611, "typical_volume": 38186651.35, "trend": 95.597975, "fair_value": 79.63056, "relative_strength": -15.6516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.713654, "energy": 70.026135, "activity_lines": [ 84.615175, 87.31934, 87.975126, 90.765438 ] }, { "date": "2025-02-21", "close": 93.255486, "volume": 49798059, "typical_volume": 38894983.75, "trend": 95.015518, "fair_value": 79.5495, "relative_strength": -5.943966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.776988, "energy": 32.646657, "activity_lines": [ 86.932548, 88.211291, 88.365775, 90.61431 ] }, { "date": "2025-02-28", "close": 93.44236, "volume": 56533311, "typical_volume": 40566236.9, "trend": 94.626175, "fair_value": 79.487705, "relative_strength": -3.241114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.439514, "energy": 13.079625, "activity_lines": [ 89.200081, 89.026787, 88.782705, 90.512815 ] }, { "date": "2025-03-07", "close": 93.44236, "volume": 31736887, "typical_volume": 40284881.25, "trend": 94.081094, "fair_value": 79.438817, "relative_strength": -1.502818, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.227994, "energy": 9.723143, "activity_lines": [ 91.075156, 89.711464, 89.199636, 90.43644 ] }, { "date": "2025-03-14", "close": 89.704666, "volume": 39736721, "typical_volume": 40421167.3, "trend": 93.380277, "fair_value": 79.358225, "relative_strength": -3.134999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.873932, "energy": 17.421389, "activity_lines": [ 91.374171, 89.670689, 89.269495, 90.15409 ] }, { "date": "2025-03-21", "close": 88.957123, "volume": 32238701, "typical_volume": 40235802.35, "trend": 92.623393, "fair_value": 79.285748, "relative_strength": -5.052962, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.78421, "energy": 13.361527, "activity_lines": [ 90.938104, 89.587439, 89.277948, 89.868725 ] }, { "date": "2025-03-28", "close": 90.919426, "volume": 21571233, "typical_volume": 39198064.0, "trend": 91.854051, "fair_value": 79.22843, "relative_strength": -0.365292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.561442, "energy": 7.949505, "activity_lines": [ 90.65778, 89.930629, 89.490196, 89.758792 ] }, { "date": "2025-04-04", "close": 90.639091, "volume": 23975266, "typical_volume": 38379377.3, "trend": 91.044217, "fair_value": 79.17964, "relative_strength": 0.537172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.37935, "energy": 5.672991, "activity_lines": [ 90.439748, 90.234741, 89.665512, 89.680407 ] }, { "date": "2025-04-11", "close": 84.098122, "volume": 45475590, "typical_volume": 38650206.8, "trend": 90.172088, "fair_value": 79.088921, "relative_strength": 1.487977, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.241055, "energy": 20.851161, "activity_lines": [ 88.228278, 89.293521, 89.205864, 89.232272 ] }, { "date": "2025-04-18", "close": 84.75222, "volume": 26602820, "typical_volume": 36245657.7, "trend": 89.72668, "fair_value": 79.030788, "relative_strength": 2.725633, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.648212, "energy": 28.125001, "activity_lines": [ 86.857789, 88.551078, 88.812516, 88.882603 ] }, { "date": "2025-04-25", "close": 85.219437, "volume": 22276767, "typical_volume": 35545146.05, "trend": 89.250123, "fair_value": 79.01953, "relative_strength": 0.566027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.790248, "energy": 37.419648, "activity_lines": [ 85.973203, 87.851111, 88.469894, 88.591813 ] }, { "date": "2025-05-02", "close": 83.911247, "volume": 18039662, "typical_volume": 34790579.15, "trend": 88.879262, "fair_value": 79.010211, "relative_strength": -5.469251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.391344, "energy": 47.633928, "activity_lines": [ 84.901732, 86.845332, 87.995118, 88.24737 ] }, { "date": "2025-05-09", "close": 83.070259, "volume": 47745475, "typical_volume": 35978652.9, "trend": 88.533525, "fair_value": 78.998082, "relative_strength": -6.924334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.397631, "energy": 49.568664, "activity_lines": [ 84.017144, 85.856542, 87.455822, 87.872595 ] }, { "date": "2025-05-16", "close": 82.696495, "volume": 47043631, "typical_volume": 35477334.45, "trend": 88.113034, "fair_value": 78.973233, "relative_strength": -11.192397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.311917, "energy": 45.575148, "activity_lines": [ 83.512556, 84.988378, 86.896058, 87.496013 ] }, { "date": "2025-05-23", "close": 81.201408, "volume": 31909387, "typical_volume": 33762453.8, "trend": 87.761068, "fair_value": 78.956868, "relative_strength": -11.86003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.691211, "energy": 50.8804, "activity_lines": [ 82.603049, 84.04376, 86.233062, 87.050102 ] }, { "date": "2025-05-30", "close": 78.117813, "volume": 74327707, "typical_volume": 36227939.15, "trend": 87.281397, "fair_value": 78.902668, "relative_strength": -13.782501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.789348, "energy": 58.488969, "activity_lines": [ 80.902396, 82.693093, 85.341354, 86.427956 ] }, { "date": "2025-06-06", "close": 83.163704, "volume": 94734482, "typical_volume": 39209963.25, "trend": 87.094512, "fair_value": 78.928824, "relative_strength": -9.235435, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.451774, "energy": 43.887796, "activity_lines": [ 81.35715, 82.456939, 85.000067, 86.162298 ] }, { "date": "2025-06-13", "close": 86.994835, "volume": 56102348, "typical_volume": 40481180.65, "trend": 87.057135, "fair_value": 78.965083, "relative_strength": -6.554459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.264481, "energy": 23.335542, "activity_lines": [ 83.138783, 83.058367, 85.063697, 86.155868 ] }, { "date": "2025-06-20", "close": 87.275169, "volume": 33663741, "typical_volume": 41582517.7, "trend": 87.135004, "fair_value": 79.000558, "relative_strength": -5.94311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.07491, "energy": 13.167061, "activity_lines": [ 84.752222, 83.777024, 85.156694, 86.169934 ] }, { "date": "2025-06-27", "close": 92.788269, "volume": 38949981, "typical_volume": 41239069.0, "trend": 87.359265, "fair_value": 79.127644, "relative_strength": -2.078834, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.744334, "energy": 19.205932, "activity_lines": [ 87.898116, 85.440299, 85.780534, 86.534661 ] }, { "date": "2025-07-04", "close": 91.826691, "volume": 92801577, "typical_volume": 44263167.3, "trend": 87.632458, "fair_value": 79.287283, "relative_strength": -2.505446, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.307814, "energy": 27.179139, "activity_lines": [ 89.951027, 86.782631, 86.263403, 86.822882 ] }, { "date": "2025-07-11", "close": 90.263687, "volume": 27283757, "typical_volume": 43137452.2, "trend": 87.73519, "fair_value": 79.487495, "relative_strength": -4.595736, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.255165, "energy": 39.907161, "activity_lines": [ 90.569012, 87.720649, 86.548154, 86.992639 ] }, { "date": "2025-07-18", "close": 91.338257, "volume": 33074042, "typical_volume": 41964488.75, "trend": 87.904888, "fair_value": 79.678418, "relative_strength": -5.703037, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.031275, "energy": 45.502366, "activity_lines": [ 91.071854, 88.738544, 86.94949, 87.225095 ] }, { "date": "2025-07-25", "close": 93.292015, "volume": 30547513, "typical_volume": 41905020.05, "trend": 87.983974, "fair_value": 79.874722, "relative_strength": -3.227313, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.6918, "energy": 45.972898, "activity_lines": [ 91.936388, 89.961341, 87.546919, 87.572651 ] }, { "date": "2025-08-01", "close": 92.705887, "volume": 26330047, "typical_volume": 41234686.35, "trend": 87.912704, "fair_value": 80.055727, "relative_strength": -3.765273, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.912025, "energy": 39.159782, "activity_lines": [ 92.204422, 90.884923, 88.089242, 87.877291 ] }, { "date": "2025-08-08", "close": 92.119759, "volume": 24474812, "typical_volume": 40846491.9, "trend": 87.890421, "fair_value": 80.250562, "relative_strength": -6.166041, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.495708, "energy": 40.045979, "activity_lines": [ 92.282573, 91.492764, 88.561452, 88.148714 ] }, { "date": "2025-08-15", "close": 90.947502, "volume": 19368442, "typical_volume": 40736352.35, "trend": 87.869553, "fair_value": 80.421944, "relative_strength": -7.937283, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.050655, "energy": 34.945985, "activity_lines": [ 91.950433, 91.632887, 88.906958, 88.345945 ] }, { "date": "2025-08-22", "close": 89.189117, "volume": 24741332, "typical_volume": 40774655.65, "trend": 87.924008, "fair_value": 80.572713, "relative_strength": -7.00404, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.537541, "energy": 23.262928, "activity_lines": [ 90.986577, 91.311779, 89.084865, 88.431078 ] }, { "date": "2025-08-29", "close": 89.384491, "volume": 24795479, "typical_volume": 39740650.1, "trend": 87.953827, "fair_value": 80.733527, "relative_strength": -7.963968, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.495285, "energy": 16.847049, "activity_lines": [ 90.231122, 90.986299, 89.288283, 88.525303 ] }, { "date": "2025-09-05", "close": 89.579865, "volume": 13005411, "typical_volume": 39060779.65, "trend": 88.192617, "fair_value": 80.8868, "relative_strength": -8.083976, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.338882, "energy": 18.133676, "activity_lines": [ 89.801294, 90.657989, 89.485136, 88.630208 ] }, { "date": "2025-09-12", "close": 88.602989, "volume": 17841067, "typical_volume": 38838994.65, "trend": 88.429992, "fair_value": 81.059091, "relative_strength": -11.874391, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.327551, "energy": 17.521224, "activity_lines": [ 89.254241, 90.2104, 89.565964, 88.656684 ] }, { "date": "2025-09-19", "close": 93.780457, "volume": 30438584, "typical_volume": 39458940.75, "trend": 88.447491, "fair_value": 81.25358, "relative_strength": -6.7201, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.895573, "energy": 21.108096, "activity_lines": [ 90.667462, 90.762782, 90.123772, 89.001875 ] }, { "date": "2025-09-26", "close": 98.664848, "volume": 53846205, "typical_volume": 39763977.25, "trend": 88.621574, "fair_value": 81.484324, "relative_strength": -1.563991, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.753211, "energy": 56.840453, "activity_lines": [ 93.51995, 92.139294, 91.099764, 89.66106 ] }, { "date": "2025-10-03", "close": 99.15329, "volume": 24674276, "typical_volume": 38645509.5, "trend": 88.811938, "fair_value": 81.746227, "relative_strength": -5.227841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.083937, "energy": 73.81933, "activity_lines": [ 95.903537, 93.471402, 92.048014, 90.340525 ] }, { "date": "2025-10-10", "close": 99.641731, "volume": 17342146, "typical_volume": 37917147.45, "trend": 89.143173, "fair_value": 82.027748, "relative_strength": -6.39902, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.923936, "energy": 79.856128, "activity_lines": [ 97.798684, 94.78575, 92.964417, 91.039222 ] }, { "date": "2025-10-17", "close": 96.906464, "volume": 24747640, "typical_volume": 35438144.1, "trend": 89.408152, "fair_value": 82.281843, "relative_strength": -8.694187, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.62308, "energy": 74.466056, "activity_lines": [ 98.111284, 95.47667, 93.532507, 91.540079 ] }, { "date": "2025-10-24", "close": 99.15329, "volume": 31896128, "typical_volume": 32296226.4, "trend": 89.682614, "fair_value": 82.568475, "relative_strength": -7.217075, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.697557, "energy": 68.875597, "activity_lines": [ 98.619262, 96.489072, 94.22511, 92.168798 ] }, { "date": "2025-10-31", "close": 94.464264, "volume": 47699819, "typical_volume": 31876099.95, "trend": 89.810119, "fair_value": 82.82505, "relative_strength": -13.535888, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.535028, "energy": 39.390117, "activity_lines": [ 97.206042, 96.499729, 94.394999, 92.477291 ] }, { "date": "2025-11-07", "close": 90.849815, "volume": 50878161, "typical_volume": 32736820.95, "trend": 90.035176, "fair_value": 83.055158, "relative_strength": -14.835446, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.917069, "energy": 16.004995, "activity_lines": [ 94.868044, 95.757301, 94.185086, 92.544368 ] }, { "date": "2025-11-14", "close": 88.505302, "volume": 30157885, "typical_volume": 32297216.15, "trend": 90.160279, "fair_value": 83.263643, "relative_strength": -16.050653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.404516, "energy": 13.994779, "activity_lines": [ 92.302107, 94.561955, 93.734864, 92.445667 ] }, { "date": "2025-11-21", "close": 86.551544, "volume": 30076988, "typical_volume": 29160986.7, "trend": 90.204682, "fair_value": 83.373873, "relative_strength": -14.718192, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -26.138976, "energy": 28.928814, "activity_lines": [ 89.827346, 93.030919, 93.118965, 92.212845 ] }, { "date": "2025-11-28", "close": 88.407616, "volume": 22236383, "typical_volume": 28908618.0, "trend": 90.354561, "fair_value": 83.456434, "relative_strength": -16.413136, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.894541, "energy": 28.856664, "activity_lines": [ 88.661604, 91.874649, 92.704954, 92.096906 ] }, { "date": "2025-12-05", "close": 90.166, "volume": 17510873, "typical_volume": 28130459.55, "trend": 90.591086, "fair_value": 83.573347, "relative_strength": -15.603966, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.812398, "energy": 29.430838, "activity_lines": [ 88.798368, 91.135773, 92.467247, 92.08474 ] }, { "date": "2025-12-12", "close": 88.700684, "volume": 14076747, "typical_volume": 27306921.25, "trend": 90.791225, "fair_value": 83.664931, "relative_strength": -17.359546, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.658532, "energy": 31.961365, "activity_lines": [ 88.733244, 90.285001, 92.095568, 91.962779 ] }, { "date": "2025-12-19", "close": 94.073517, "volume": 36419237, "typical_volume": 27811380.75, "trend": 91.220296, "fair_value": 83.810739, "relative_strength": -10.6082, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.982184, "energy": 7.78589, "activity_lines": [ 90.60234, 90.601155, 92.257451, 92.17454 ] }, { "date": "2025-12-26", "close": 95.929588, "volume": 25593723, "typical_volume": 27867326.3, "trend": 91.814022, "fair_value": 83.973391, "relative_strength": -11.283527, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.527887, "energy": 14.779115, "activity_lines": [ 92.718912, 91.356016, 92.58959, 92.478365 ] }, { "date": "2026-01-02", "close": 90.166, "volume": 35842961, "typical_volume": 28691052.25, "trend": 92.047431, "fair_value": 84.103494, "relative_strength": -18.453735, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.074935, "energy": 8.532806, "activity_lines": [ 92.289085, 91.080714, 92.354674, 92.372041 ] }, { "date": "2026-01-09", "close": 105.991447, "volume": 237418313, "typical_volume": 39324901.3, "trend": 92.680652, "fair_value": 84.357024, "relative_strength": -6.851378, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.172212, "energy": 43.959177, "activity_lines": [ 97.017181, 93.846171, 93.630665, 93.271655 ] }, { "date": "2026-01-16", "close": 136.274719, "volume": 318771100, "typical_volume": 54023682.35, "trend": 94.31397, "fair_value": 84.731587, "relative_strength": 15.28085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.04418, "energy": 88.505076, "activity_lines": [ 110.784672, 101.908093, 97.710766, 96.084175 ] }, { "date": "2026-01-23", "close": 143.112885, "volume": 237181498, "typical_volume": 65232486.7, "trend": 95.991457, "fair_value": 85.164273, "relative_strength": 18.550443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.328145, "energy": 97.229163, "activity_lines": [ 123.659949, 110.387409, 102.218834, 99.232492 ] }, { "date": "2026-01-30", "close": 140.182236, "volume": 239222919, "typical_volume": 76301579.3, "trend": 97.603309, "fair_value": 85.557289, "relative_strength": 15.393804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.878584, "energy": 93.205855, "activity_lines": [ 132.289051, 117.341016, 106.192873, 102.08351 ] }, { "date": "2026-02-06", "close": 117.225563, "volume": 212793654, "typical_volume": 85419332.8, "trend": 98.502038, "fair_value": 85.777869, "relative_strength": -2.738683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.878659, "energy": 84.783388, "activity_lines": [ 130.315753, 119.145579, 107.734947, 103.349462 ] }, { "date": "2026-02-13", "close": 123.086845, "volume": 119840896, "typical_volume": 88719067.35, "trend": 99.560324, "fair_value": 86.024479, "relative_strength": -3.485051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.76271, "energy": 63.16532, "activity_lines": [ 128.492245, 121.491866, 109.723595, 104.935579 ] }, { "date": "2026-02-27", "close": 130.413437, "volume": 129564207, "typical_volume": 93963563.9, "trend": 100.797705, "fair_value": 86.352677, "relative_strength": -2.84122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.730644, "energy": 51.843096, "activity_lines": [ 127.971241, 124.5717, 112.293719, 106.926102 ] }, { "date": "2026-03-06", "close": 115.760246, "volume": 101619653, "typical_volume": 98177439.25, "trend": 101.566184, "fair_value": 86.586395, "relative_strength": -8.81808, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.463991, "energy": 29.759432, "activity_lines": [ 122.956592, 124.228904, 113.319442, 107.891427 ] }, { "date": "2026-03-13", "close": 111.364288, "volume": 105005764, "typical_volume": 102190345.45, "trend": 102.207668, "fair_value": 86.796879, "relative_strength": -11.394554, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.022651, "energy": 22.542804, "activity_lines": [ 118.300133, 122.692539, 113.849749, 108.523563 ] }, { "date": "2026-03-20", "close": 113.318047, "volume": 92673073, "typical_volume": 105229192.7, "trend": 102.953353, "fair_value": 87.019338, "relative_strength": -9.901219, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.254901, "energy": 19.680384, "activity_lines": [ 116.216123, 121.230772, 114.49728, 109.240362 ] }, { "date": "2026-03-27", "close": 117.714005, "volume": 83504088, "typical_volume": 107019406.15, "trend": 103.904182, "fair_value": 87.246895, "relative_strength": -4.967384, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.313381, "energy": 20.147695, "activity_lines": [ 115.857934, 120.147324, 115.496023, 110.192662 ] }, { "date": "2026-04-03", "close": 107.456772, "volume": 73273039, "typical_volume": 108139150.05, "trend": 104.506592, "fair_value": 87.394413, "relative_strength": -11.395243, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.3059, "energy": 16.3003, "activity_lines": [ 112.438856, 116.985786, 115.407174, 110.421861 ] }, { "date": "2026-04-10", "close": 126.017487, "volume": 98228669, "typical_volume": 111542689.25, "trend": 105.721179, "fair_value": 87.669701, "relative_strength": -4.09304, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.436018, "energy": 16.496538, "activity_lines": [ 116.737128, 117.722887, 117.006931, 111.809661 ] }, { "date": "2026-04-17", "close": 128.94812, "volume": 127541835, "typical_volume": 116415931.6, "trend": 107.066017, "fair_value": 87.970371, "relative_strength": -5.1651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.875146, "energy": 26.739881, "activity_lines": [ 121.328461, 119.303656, 118.707167, 113.308173 ] }, { "date": "2026-04-24", "close": 137.251602, "volume": 270231175, "typical_volume": 128815671.2, "trend": 108.515055, "fair_value": 88.330313, "relative_strength": -4.15453, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.00179, "energy": 42.292853, "activity_lines": [ 127.515367, 122.598405, 120.996322, 115.25563 ] }, { "date": "2026-05-01", "close": 142.136002, "volume": 157543274, "typical_volume": 135817291.25, "trend": 109.964094, "fair_value": 88.745746, "relative_strength": -0.39729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.911836, "energy": 64.106277, "activity_lines": [ 133.734835, 126.417117, 123.518067, 117.424724 ] }, { "date": "2026-05-08", "close": 163.62735, "volume": 226074857, "typical_volume": 146417196.75, "trend": 112.113229, "fair_value": 89.318178, "relative_strength": 7.342424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.820542, "energy": 79.76696, "activity_lines": [ 145.489953, 133.796999, 127.839132, 120.886869 ] }, { "date": "2026-05-15", "close": 172.419266, "volume": 207209845, "typical_volume": 154956727.15, "trend": 114.539147, "fair_value": 89.930482, "relative_strength": 14.166333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.315328, "energy": 88.431441, "activity_lines": [ 156.431004, 142.171521, 132.640728, 124.777581 ] }, { "date": "2026-05-22", "close": 158.254517, "volume": 215235550, "typical_volume": 164438818.5, "trend": 116.584082, "fair_value": 90.450338, "relative_strength": 2.093438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.923, "energy": 79.917633, "activity_lines": [ 159.55702, 146.940471, 135.720225, 127.597928 ] }, { "date": "2026-05-29", "close": 164.115799, "volume": 170319377, "typical_volume": 171162639.3, "trend": 118.749499, "fair_value": 91.008865, "relative_strength": 0.083294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.096236, "energy": 80.573415, "activity_lines": [ 162.683038, 151.922559, 139.061154, 130.66449 ] }, { "date": "2026-06-05", "close": 157.766068, "volume": 201796522, "typical_volume": 169381549.75, "trend": 120.859559, "fair_value": 91.510202, "relative_strength": -4.43079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.127442, "energy": 62.5556, "activity_lines": [ 161.901531, 154.826554, 141.445205, 133.181688 ] }, { "date": "2026-06-12", "close": 165.581116, "volume": 149768035, "typical_volume": 160931396.5, "trend": 123.350602, "fair_value": 92.066581, "relative_strength": 2.400123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.240812, "energy": 49.357523, "activity_lines": [ 162.683037, 158.423249, 144.327001, 136.06695 ] }, { "date": "2026-06-19", "close": 170.465515, "volume": 76685192, "typical_volume": 152906581.2, "trend": 126.082609, "fair_value": 92.646028, "relative_strength": 0.354911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.02222, "energy": 49.494922, "activity_lines": [ 164.962424, 161.851209, 147.534423, 139.106622 ] }, { "date": "2026-06-26", "close": 197.329697, "volume": 280016387, "typical_volume": 154946254.6, "trend": 129.775214, "fair_value": 93.414717, "relative_strength": 20.807452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.313447, "energy": 58.234571, "activity_lines": [ 176.326789, 169.35542, 153.170088, 143.703208 ] }, { "date": "2026-07-03", "close": 189.02623, "volume": 147467818, "typical_volume": 151679962.8, "trend": 133.129168, "fair_value": 94.141719, "relative_strength": 10.299498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.66917, "energy": 56.002863, "activity_lines": [ 182.318319, 174.106609, 157.742816, 147.525854 ] }, { "date": "2026-07-10", "close": 173.0, "volume": 100279645, "typical_volume": 150701900.25, "trend": 135.890302, "fair_value": 94.767088, "relative_strength": 4.263229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.503883, "energy": 50.443416, "activity_lines": [ 181.307077, 175.00258, 160.447328, 150.098166 ] }, { "date": "2026-07-17", "close": 169.0, "volume": 156828805, "typical_volume": 152065130.15, "trend": 138.566945, "fair_value": 95.38459, "relative_strength": 8.261364, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.984074, "energy": 44.486648, "activity_lines": [ 177.946907, 174.610116, 162.533207, 152.234276 ] }, { "date": "2026-07-24", "close": 157.0, "volume": 130791428, "typical_volume": 153523718.9, "trend": 140.664495, "fair_value": 95.923434, "relative_strength": -1.531488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.40334, "energy": 25.847989, "activity_lines": [ 170.35881, 171.938148, 163.292482, 153.423505 ] }, { "date": "2026-07-31", "close": 151.5, "volume": 128711473, "typical_volume": 154709004.35, "trend": 142.516842, "fair_value": 96.443223, "relative_strength": -3.558433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.321179, "energy": 18.874106, "activity_lines": [ 161.835082, 168.546531, 163.331568, 154.12257 ] }, { "date": "2026-08-07", "close": 143.5, "volume": 154558637, "typical_volume": 157803282.55, "trend": 144.294642, "fair_value": 96.91636, "relative_strength": -10.600181, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.837789, "energy": 17.22581, "activity_lines": [ 153.7, 163.823178, 162.417628, 154.185999 ] }, { "date": "2026-08-14", "close": 160.5, "volume": 107349437, "typical_volume": 158995550.0, "trend": 146.111594, "fair_value": 97.508309, "relative_strength": -3.299227, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.400202, "energy": 15.934673, "activity_lines": [ 154.266667, 162.565566, 162.979011, 155.231506 ] } ], "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." } } }