{ "ticker": { "uuid": "bc0bbe6c-7db7-4b63-8de8-6304eee9c1db", "symbol": "FINPIPE", "name": "Finolex Industries Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 71.988, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -57.118, "architecture_energy": 60.256, "architecture_maturity": 8.261, "architecture_confidence": 80.998, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 35.19, "rotation_up": 10.03, "upward_expansion": 13.22, "deceleration": 37.52, "rotation_down": 66.52, "downward_expansion": 86.55 }, "activity_lines": [ 164.037332, 167.398546, 170.168524, 171.557377 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 164.429993, "trend_reference": 173.681334, "distance_from_trend": -0.053266, "trend_direction": "Weakening", "fair_value": 216.808429, "distance_from_fair_value": -0.241589, "fair_value_direction": "Weakening", "relative_strength": -8.314271, "relative_strength_direction": "Weakening", "price_momentum": -0.044178, "excess_performance": -0.000469, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.053266, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.011395, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.241589, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.059937, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.083143, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.054397, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.044178, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.894519, "read": "Demand-led" } ], "volume": { "latest": 3811259, "relative_activity": 1.034786, "balance": 3.894519, "dry_up": 0.674535, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.059441, "annualized_volatility": 0.311363, "from_high_reference": -0.260989, "from_low_reference": 0.114477 }, "levels": { "trend_reference": 173.681334, "fair_value_reference": 216.808429, "structural_low": 147.539993, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": -0.006575, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.033792, "regime_survival": 0.8, "best_return": 0.26382, "worst_return": -0.128092, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.02853, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.022031, "regime_survival": 0.428571, "best_return": 0.120669, "worst_return": -0.278126, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.047575, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.111849, "regime_survival": 0.25, "best_return": 0.041907, "worst_return": -0.191018, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.052821, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.139534, "regime_survival": 0.0, "best_return": 0.178985, "worst_return": -0.284627, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-10-04", "tenure": "Developing", "return": -0.138576, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": 0.088829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.068486, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-06-06", "tenure": "Extended", "return": -0.155594, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": -0.052967, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-09-12", "tenure": "Developing", "return": 0.050547, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-10", "tenure": "New", "return": -0.110548, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": -0.010053, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.033402, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-02-20", "tenure": "Established", "return": 0.062441, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-04-03", "tenure": "Developing", "return": -0.141269, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.049168, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": -0.07973, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.013998, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 202.534698, "volume": 3012496, "typical_volume": 4574927.35, "trend": 171.912344, "fair_value": 150.81026, "relative_strength": 16.759221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.672873, "energy": 88.310282, "activity_lines": [ 197.769176, 188.70218, 180.510532, 176.291102 ] }, { "date": "2023-08-25", "close": 206.144424, "volume": 4099448, "typical_volume": 4738364.2, "trend": 173.454898, "fair_value": 151.519895, "relative_strength": 18.433744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.150499, "energy": 90.664497, "activity_lines": [ 201.539214, 193.071762, 183.446941, 178.499623 ] }, { "date": "2023-09-01", "close": 241.997742, "volume": 19966970, "typical_volume": 5658307.05, "trend": 175.797051, "fair_value": 152.467569, "relative_strength": 36.56313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.360118, "energy": 97.722829, "activity_lines": [ 215.683038, 203.2878, 189.60134, 182.921742 ] }, { "date": "2023-09-08", "close": 235.94902, "volume": 5661972, "typical_volume": 5890049.5, "trend": 177.918208, "fair_value": 153.38267, "relative_strength": 29.553052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.728437, "energy": 94.633661, "activity_lines": [ 224.559847, 211.091311, 194.813712, 186.802514 ] }, { "date": "2023-09-15", "close": 220.534531, "volume": 4158846, "typical_volume": 5996758.3, "trend": 179.488419, "fair_value": 154.154902, "relative_strength": 18.108148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.947153, "energy": 85.499023, "activity_lines": [ 225.819034, 214.89821, 198.200359, 189.551954 ] }, { "date": "2023-09-22", "close": 215.900421, "volume": 2060556, "typical_volume": 5921508.55, "trend": 181.188283, "fair_value": 154.952176, "relative_strength": 17.951206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.062511, "energy": 65.871051, "activity_lines": [ 223.975146, 216.887191, 200.868073, 191.901116 ] }, { "date": "2023-09-29", "close": 218.534546, "volume": 3521706, "typical_volume": 5626322.85, "trend": 182.982407, "fair_value": 155.74224, "relative_strength": 18.777055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.125778, "energy": 56.341189, "activity_lines": [ 222.118253, 218.535333, 203.575182, 194.310552 ] }, { "date": "2023-10-06", "close": 221.266235, "volume": 2888996, "typical_volume": 5497429.25, "trend": 184.917633, "fair_value": 156.565051, "relative_strength": 19.364842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.872397, "energy": 46.083261, "activity_lines": [ 220.345914, 220.024692, 206.339422, 196.780477 ] }, { "date": "2023-10-13", "close": 216.339447, "volume": 1684733, "typical_volume": 5285263.95, "trend": 186.882354, "fair_value": 157.340099, "relative_strength": 15.384865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.566308, "energy": 36.042801, "activity_lines": [ 218.313412, 220.108633, 208.459456, 198.80769 ] }, { "date": "2023-10-20", "close": 219.363815, "volume": 3560454, "typical_volume": 5285626.7, "trend": 188.917214, "fair_value": 158.120831, "relative_strength": 17.389955, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.59699, "energy": 34.35894, "activity_lines": [ 218.596339, 220.42278, 210.667337, 200.903268 ] }, { "date": "2023-10-27", "close": 189.608002, "volume": 4389753, "typical_volume": 5258435.6, "trend": 189.729363, "fair_value": 158.719148, "relative_strength": 3.540239, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.036024, "energy": 15.123779, "activity_lines": [ 209.038708, 214.923055, 209.78938, 200.947835 ] }, { "date": "2023-11-03", "close": 187.071426, "volume": 1791304, "typical_volume": 4715106.05, "trend": 190.469875, "fair_value": 159.246929, "relative_strength": 0.788743, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.832319, "energy": 16.404658, "activity_lines": [ 200.388381, 209.197166, 208.525919, 200.776356 ] }, { "date": "2023-11-10", "close": 185.169022, "volume": 3061225, "typical_volume": 4638771.5, "trend": 191.137287, "fair_value": 159.712256, "relative_strength": -1.537608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.154639, "energy": 26.625423, "activity_lines": [ 193.20146, 203.472167, 206.996013, 200.434365 ] }, { "date": "2023-11-17", "close": 207.461472, "volume": 8502986, "typical_volume": 4964283.05, "trend": 192.691458, "fair_value": 160.321604, "relative_strength": 8.111802, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.338452, "energy": 22.114409, "activity_lines": [ 195.851836, 202.833589, 207.515994, 201.487538 ] }, { "date": "2023-11-24", "close": 195.022568, "volume": 5603850, "typical_volume": 5138636.05, "trend": 193.784182, "fair_value": 160.826588, "relative_strength": 1.029175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.00801, "energy": 18.702396, "activity_lines": [ 194.947777, 200.451349, 206.674263, 201.637933 ] }, { "date": "2023-12-01", "close": 200.095703, "volume": 3293141, "typical_volume": 5189870.85, "trend": 194.737672, "fair_value": 161.339228, "relative_strength": 0.956986, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 4.615677, "energy": 15.179093, "activity_lines": [ 197.357512, 199.45535, 206.181724, 202.045127 ] }, { "date": "2023-12-08", "close": 207.31514, "volume": 9119610, "typical_volume": 5271298.1, "trend": 195.784905, "fair_value": 161.911021, "relative_strength": 0.925204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.585769, "energy": 15.400931, "activity_lines": [ 201.474545, 200.059335, 206.23731, 202.856577 ] }, { "date": "2023-12-15", "close": 206.095642, "volume": 7694269, "typical_volume": 5270021.6, "trend": 196.504137, "fair_value": 162.48297, "relative_strength": -1.93324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.809002, "energy": 16.201603, "activity_lines": [ 203.835499, 200.645582, 206.058512, 203.521786 ] }, { "date": "2023-12-22", "close": 204.583466, "volume": 3360335, "typical_volume": 5010976.6, "trend": 197.513587, "fair_value": 163.067669, "relative_strength": -2.26101, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 29.929232, "energy": 19.418814, "activity_lines": [ 204.297286, 201.232717, 205.674461, 204.043033 ] }, { "date": "2023-12-29", "close": 205.85173, "volume": 2378520, "typical_volume": 4990558.5, "trend": 198.826836, "fair_value": 163.615257, "relative_strength": -3.279932, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 33.609551, "energy": 20.757793, "activity_lines": [ 205.373695, 202.26419, 205.383453, 204.580978 ] }, { "date": "2024-01-05", "close": 231.558823, "volume": 12571307, "typical_volume": 5468499.05, "trend": 201.232681, "fair_value": 164.315409, "relative_strength": 8.69285, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.912078, "energy": 46.80887, "activity_lines": [ 214.29719, 208.215355, 207.499345, 206.692719 ] }, { "date": "2024-01-12", "close": 235.412445, "volume": 7298299, "typical_volume": 5628441.6, "trend": 203.440884, "fair_value": 165.079244, "relative_strength": 9.260404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.381823, "energy": 67.306808, "activity_lines": [ 222.407685, 214.104436, 209.844039, 208.897865 ] }, { "date": "2024-01-19", "close": 225.753998, "volume": 4809491, "typical_volume": 4870567.65, "trend": 205.306152, "fair_value": 165.817959, "relative_strength": 5.871672, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.246204, "energy": 64.399809, "activity_lines": [ 225.425544, 217.358508, 211.129509, 210.337421 ] }, { "date": "2024-01-26", "close": 219.558929, "volume": 1262243, "typical_volume": 4650581.2, "trend": 206.948774, "fair_value": 166.543717, "relative_strength": 4.023705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.580355, "energy": 66.735984, "activity_lines": [ 225.067823, 218.748296, 211.902324, 211.256955 ] }, { "date": "2024-02-02", "close": 212.38826, "volume": 3117738, "typical_volume": 4598525.8, "trend": 208.465378, "fair_value": 167.10409, "relative_strength": -1.700542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.704572, "energy": 43.267559, "activity_lines": [ 221.321515, 218.614371, 212.070266, 211.607889 ] }, { "date": "2024-02-09", "close": 213.266312, "volume": 4288839, "typical_volume": 4709939.95, "trend": 209.880489, "fair_value": 167.672926, "relative_strength": -0.998168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.358876, "energy": 19.406008, "activity_lines": [ 217.432122, 218.324353, 212.360624, 211.917627 ] }, { "date": "2024-02-16", "close": 220.534531, "volume": 4864435, "typical_volume": 4777076.4, "trend": 211.148819, "fair_value": 168.31936, "relative_strength": 1.109534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.678106, "energy": 18.379121, "activity_lines": [ 217.184969, 219.116363, 213.355737, 212.604984 ] }, { "date": "2024-02-23", "close": 209.851715, "volume": 3354794, "typical_volume": 4800366.3, "trend": 211.702672, "fair_value": 168.940369, "relative_strength": -4.534345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.535732, "energy": 16.583654, "activity_lines": [ 214.368739, 217.725691, 213.323915, 212.5213 ] }, { "date": "2024-03-01", "close": 217.705276, "volume": 5134780, "typical_volume": 4972868.65, "trend": 212.334277, "fair_value": 169.558803, "relative_strength": -1.593893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.932081, "energy": 15.451704, "activity_lines": [ 215.230514, 217.694646, 214.094406, 212.908565 ] }, { "date": "2024-03-08", "close": 225.656433, "volume": 5496128, "typical_volume": 5069652.35, "trend": 213.284192, "fair_value": 170.253189, "relative_strength": 1.168695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.529262, "energy": 22.764362, "activity_lines": [ 218.866253, 218.870688, 215.615645, 213.768059 ] }, { "date": "2024-03-15", "close": 208.241959, "volume": 6263035, "typical_volume": 5163316.45, "trend": 213.474434, "fair_value": 170.857855, "relative_strength": -4.691863, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.382406, "energy": 3.610057, "activity_lines": [ 215.812621, 216.520377, 215.448399, 213.442754 ] }, { "date": "2024-03-22", "close": 229.851532, "volume": 6732725, "typical_volume": 5410387.5, "trend": 214.264671, "fair_value": 171.604233, "relative_strength": 4.634162, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.051119, "energy": 28.167915, "activity_lines": [ 220.297137, 218.523021, 217.250474, 214.49934 ] }, { "date": "2024-03-29", "close": 240.436783, "volume": 8422714, "typical_volume": 5678461.95, "trend": 214.212639, "fair_value": 172.372162, "relative_strength": 8.063238, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.039447, "energy": 49.814332, "activity_lines": [ 227.688937, 222.551365, 219.856954, 216.187864 ] }, { "date": "2024-04-05", "close": 248.680603, "volume": 7788522, "typical_volume": 5642738.75, "trend": 214.637026, "fair_value": 173.138246, "relative_strength": 10.483171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.550312, "energy": 66.477343, "activity_lines": [ 235.789673, 227.811625, 222.985379, 218.411603 ] }, { "date": "2024-04-12", "close": 242.436768, "volume": 5183560, "typical_volume": 5621724.25, "trend": 215.3671, "fair_value": 173.835957, "relative_strength": 7.371624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.005052, "energy": 69.657245, "activity_lines": [ 239.744108, 231.407157, 225.322872, 220.205135 ] }, { "date": "2024-04-19", "close": 245.900162, "volume": 3072995, "typical_volume": 5610716.95, "trend": 216.367091, "fair_value": 174.555869, "relative_strength": 10.318409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.815723, "energy": 72.390219, "activity_lines": [ 243.734319, 235.086061, 227.76443, 222.17501 ] }, { "date": "2024-04-26", "close": 266.436554, "volume": 11198136, "typical_volume": 5714643.25, "trend": 217.963825, "fair_value": 175.370513, "relative_strength": 17.425112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.392615, "energy": 80.432479, "activity_lines": [ 252.059447, 241.905511, 231.943719, 225.405298 ] }, { "date": "2024-05-03", "close": 264.14389, "volume": 3352824, "typical_volume": 5497571.0, "trend": 219.39308, "fair_value": 176.14152, "relative_strength": 15.628264, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.712018, "energy": 76.325, "activity_lines": [ 257.181353, 247.473532, 235.623128, 228.384657 ] }, { "date": "2024-05-10", "close": 266.826782, "volume": 7938013, "typical_volume": 5726454.9, "trend": 221.075991, "fair_value": 176.951873, "relative_strength": 18.471385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.592919, "energy": 74.675539, "activity_lines": [ 261.617082, 252.54222, 239.28163, 231.444896 ] }, { "date": "2024-05-17", "close": 288.289978, "volume": 23110429, "typical_volume": 6763050.35, "trend": 223.37353, "fair_value": 177.87471, "relative_strength": 25.025259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.375033, "energy": 76.63937, "activity_lines": [ 271.997464, 260.620189, 244.687849, 235.781282 ] }, { "date": "2024-05-24", "close": 313.167816, "volume": 6799860, "typical_volume": 6474478.0, "trend": 227.492191, "fair_value": 178.870793, "relative_strength": 31.866965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.498269, "energy": 84.762128, "activity_lines": [ 287.613578, 272.08261, 252.070824, 241.574462 ] }, { "date": "2024-05-31", "close": 303.948364, "volume": 6730320, "typical_volume": 6446079.05, "trend": 231.388089, "fair_value": 179.82638, "relative_strength": 29.32294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.822281, "energy": 80.679871, "activity_lines": [ 295.672031, 279.961024, 258.187141, 246.507118 ] }, { "date": "2024-06-07", "close": 341.752899, "volume": 12928951, "typical_volume": 6852052.05, "trend": 236.607551, "fair_value": 181.002157, "relative_strength": 39.105215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.095636, "energy": 91.564404, "activity_lines": [ 313.831209, 293.365775, 267.577528, 253.627429 ] }, { "date": "2024-06-14", "close": 324.33844, "volume": 3791243, "typical_volume": 6978502.05, "trend": 240.50345, "fair_value": 182.081067, "relative_strength": 29.884733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.808454, "energy": 86.533742, "activity_lines": [ 321.011633, 301.762149, 274.75702, 259.287486 ] }, { "date": "2024-06-21", "close": 324.679871, "volume": 4286303, "typical_volume": 7036930.3, "trend": 244.82536, "fair_value": 183.134999, "relative_strength": 28.727354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.709017, "energy": 80.824977, "activity_lines": [ 324.471757, 308.845005, 281.470078, 264.718223 ] }, { "date": "2024-06-28", "close": 317.509247, "volume": 4577556, "typical_volume": 7051366.15, "trend": 248.739145, "fair_value": 184.084791, "relative_strength": 22.260207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.552112, "energy": 66.902717, "activity_lines": [ 323.11568, 313.128781, 286.965499, 269.407506 ] }, { "date": "2024-07-05", "close": 315.26535, "volume": 3245594, "typical_volume": 6970424.1, "trend": 252.337485, "fair_value": 185.042346, "relative_strength": 18.917659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.058308, "energy": 56.022072, "activity_lines": [ 320.722209, 315.702593, 291.75082, 273.699519 ] }, { "date": "2024-07-12", "close": 307.509338, "volume": 2302850, "typical_volume": 6917826.9, "trend": 255.717942, "fair_value": 185.96672, "relative_strength": 14.37722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.766107, "energy": 43.664617, "activity_lines": [ 314.988934, 315.978425, 295.346374, 277.258993 ] }, { "date": "2024-07-19", "close": 310.338562, "volume": 7314736, "typical_volume": 7026824.7, "trend": 259.243112, "fair_value": 186.915432, "relative_strength": 14.609542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.309458, "energy": 35.930086, "activity_lines": [ 312.481638, 315.980198, 298.746341, 280.782904 ] }, { "date": "2024-07-26", "close": 310.143433, "volume": 2940702, "typical_volume": 6899053.4, "trend": 262.719502, "fair_value": 187.858168, "relative_strength": 12.615291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.713236, "energy": 30.778489, "activity_lines": [ 310.842625, 315.155371, 301.686614, 284.066796 ] }, { "date": "2024-08-02", "close": 302.875214, "volume": 5418159, "typical_volume": 6856809.6, "trend": 265.096715, "fair_value": 188.77144, "relative_strength": 10.102227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.884046, "energy": 23.901049, "activity_lines": [ 307.749968, 312.611713, 303.532357, 286.657487 ] }, { "date": "2024-08-09", "close": 283.558319, "volume": 3007510, "typical_volume": 6670548.85, "trend": 266.701577, "fair_value": 189.603409, "relative_strength": 4.293216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.760944, "energy": 16.957215, "activity_lines": [ 299.193947, 306.74303, 303.087761, 287.848558 ] }, { "date": "2024-08-16", "close": 279.02179, "volume": 2616049, "typical_volume": 6380215.6, "trend": 268.47717, "fair_value": 190.415453, "relative_strength": 1.744014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.573728, "energy": 13.638683, "activity_lines": [ 291.239553, 300.420253, 301.955367, 288.643411 ] }, { "date": "2024-08-23", "close": 280.924225, "volume": 2381405, "typical_volume": 6109859.75, "trend": 270.52268, "fair_value": 191.219611, "relative_strength": 1.166578, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.811864, "energy": 18.708919, "activity_lines": [ 285.818474, 295.583938, 300.82042, 289.446447 ] }, { "date": "2024-08-30", "close": 304.241058, "volume": 9131607, "typical_volume": 6307262.1, "trend": 273.58444, "fair_value": 192.159061, "relative_strength": 7.844801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.474643, "energy": 17.566424, "activity_lines": [ 290.130627, 295.776397, 301.752583, 291.621826 ] }, { "date": "2024-09-06", "close": 301.509369, "volume": 3512457, "typical_volume": 6329235.2, "trend": 276.525875, "fair_value": 193.080705, "relative_strength": 8.484353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.836341, "energy": 11.661896, "activity_lines": [ 293.92571, 295.843799, 302.130279, 293.423434 ] }, { "date": "2024-09-13", "close": 301.587219, "volume": 2136799, "typical_volume": 5876168.35, "trend": 279.227632, "fair_value": 193.870215, "relative_strength": 6.176511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.515015, "energy": 15.15558, "activity_lines": [ 297.837799, 296.216264, 302.250583, 295.040295 ] }, { "date": "2024-09-20", "close": 291.211395, "volume": 2467102, "typical_volume": 5831882.25, "trend": 281.939621, "fair_value": 194.57872, "relative_strength": 0.74169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.722179, "energy": 16.375684, "activity_lines": [ 297.089353, 294.950908, 301.215329, 295.813441 ] }, { "date": "2024-09-27", "close": 276.409882, "volume": 2987436, "typical_volume": 5584353.4, "trend": 283.896441, "fair_value": 195.046206, "relative_strength": -5.703815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.205122, "energy": 7.0081, "activity_lines": [ 290.59443, 291.290694, 298.641515, 295.456684 ] }, { "date": "2024-10-04", "close": 267.16507, "volume": 3221957, "typical_volume": 4589929.8, "trend": 285.280062, "fair_value": 195.374718, "relative_strength": -4.520481, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.216369, "energy": 37.226839, "activity_lines": [ 281.318858, 286.56649, 295.141608, 294.37724 ] }, { "date": "2024-10-11", "close": 294.506104, "volume": 16674715, "typical_volume": 5083672.55, "trend": 288.155534, "fair_value": 195.883928, "relative_strength": 5.310174, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.976808, "energy": 30.988213, "activity_lines": [ 283.628697, 287.594808, 294.346205, 294.972469 ] }, { "date": "2024-10-18", "close": 320.666931, "volume": 22171778, "typical_volume": 5855745.45, "trend": 291.182714, "fair_value": 196.584388, "relative_strength": 14.842587, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 33.264641, "energy": 15.52986, "activity_lines": [ 295.125696, 293.531806, 296.131174, 297.069978 ] }, { "date": "2024-10-25", "close": 279.311188, "volume": 9888910, "typical_volume": 5703743.4, "trend": 292.478527, "fair_value": 197.045712, "relative_strength": 2.536507, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.539027, "energy": 9.23964, "activity_lines": [ 291.565467, 291.274876, 293.897888, 296.304073 ] }, { "date": "2024-11-01", "close": 300.505371, "volume": 3057938, "typical_volume": 5667078.15, "trend": 294.20602, "fair_value": 197.569526, "relative_strength": 9.264444, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.70724, "energy": 9.712833, "activity_lines": [ 295.863312, 292.866172, 293.980438, 296.821934 ] }, { "date": "2024-11-08", "close": 283.097626, "volume": 2521158, "typical_volume": 5578820.9, "trend": 295.561382, "fair_value": 198.014663, "relative_strength": 3.216235, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.066754, "energy": 8.696931, "activity_lines": [ 292.75221, 290.936402, 292.518598, 296.105264 ] }, { "date": "2024-11-15", "close": 260.182281, "volume": 1721965, "typical_volume": 5436041.35, "trend": 296.037452, "fair_value": 198.355179, "relative_strength": -2.746767, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.047248, "energy": 49.51793, "activity_lines": [ 280.940489, 285.224632, 289.072354, 293.822741 ] }, { "date": "2024-11-22", "close": 254.035461, "volume": 2126836, "typical_volume": 5380103.45, "trend": 295.624082, "fair_value": 198.763479, "relative_strength": -6.654189, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.036321, "energy": 61.686924, "activity_lines": [ 269.368082, 279.14666, 285.313685, 291.112935 ] }, { "date": "2024-11-29", "close": 264.017914, "volume": 1577500, "typical_volume": 5343835.95, "trend": 295.619883, "fair_value": 199.242715, "relative_strength": -4.059229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.84235, "energy": 66.382299, "activity_lines": [ 265.565259, 275.748257, 282.797297, 289.073828 ] }, { "date": "2024-12-06", "close": 269.033691, "volume": 2021884, "typical_volume": 5079193.35, "trend": 295.693447, "fair_value": 199.729343, "relative_strength": -4.565763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.72785, "energy": 64.452505, "activity_lines": [ 264.453912, 273.75624, 280.965704, 287.358589 ] }, { "date": "2024-12-13", "close": 260.231476, "volume": 1419924, "typical_volume": 5003154.45, "trend": 294.758163, "fair_value": 200.179777, "relative_strength": -8.164825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.579374, "energy": 59.243619, "activity_lines": [ 262.506606, 270.297934, 278.492494, 285.07072 ] }, { "date": "2024-12-20", "close": 234.562378, "volume": 2511237, "typical_volume": 4857808.35, "trend": 292.137982, "fair_value": 200.447248, "relative_strength": -13.132382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.893041, "energy": 61.334453, "activity_lines": [ 253.527344, 262.298583, 273.812284, 281.187121 ] }, { "date": "2024-12-27", "close": 251.822617, "volume": 44180556, "typical_volume": 6916460.65, "trend": 290.400457, "fair_value": 200.811472, "relative_strength": -7.795663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.103488, "energy": 45.73779, "activity_lines": [ 252.009488, 258.527344, 271.101206, 278.58613 ] }, { "date": "2025-01-03", "close": 244.495636, "volume": 6029781, "typical_volume": 7087147.25, "trend": 287.158549, "fair_value": 201.164054, "relative_strength": -11.120448, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.348314, "energy": 51.787899, "activity_lines": [ 248.196828, 254.675642, 267.843443, 275.624529 ] }, { "date": "2025-01-10", "close": 216.072754, "volume": 4816459, "typical_volume": 7208899.95, "trend": 283.549692, "fair_value": 201.342591, "relative_strength": -19.323915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.273589, "energy": 72.534484, "activity_lines": [ 236.21136, 246.289152, 262.043148, 271.038348 ] }, { "date": "2025-01-17", "close": 204.516754, "volume": 5636682, "typical_volume": 7034153.7, "trend": 279.544255, "fair_value": 201.483888, "relative_strength": -22.675689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.699297, "energy": 82.210859, "activity_lines": [ 223.90462, 237.336711, 255.451099, 265.939449 ] }, { "date": "2025-01-24", "close": 205.352722, "volume": 6370927, "typical_volume": 7177077.2, "trend": 275.805704, "fair_value": 201.77336, "relative_strength": -21.803073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.656149, "energy": 89.43343, "activity_lines": [ 215.590852, 229.965006, 249.413544, 261.152899 ] }, { "date": "2025-01-31", "close": 201.812149, "volume": 2903383, "typical_volume": 7215406.4, "trend": 272.023931, "fair_value": 201.978843, "relative_strength": -24.366831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.556081, "energy": 90.30806, "activity_lines": [ 208.044203, 222.946462, 243.496679, 256.379121 ] }, { "date": "2025-02-07", "close": 193.727859, "volume": 3903725, "typical_volume": 7287237.55, "trend": 268.231215, "fair_value": 202.195608, "relative_strength": -27.362471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.255231, "energy": 90.800095, "activity_lines": [ 201.136821, 215.407562, 237.285002, 251.327761 ] }, { "date": "2025-02-14", "close": 187.059799, "volume": 5648900, "typical_volume": 7420310.75, "trend": 264.121923, "fair_value": 202.425186, "relative_strength": -27.706501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.310088, "energy": 90.368469, "activity_lines": [ 195.391272, 207.934289, 230.902479, 246.090896 ] }, { "date": "2025-02-21", "close": 183.381561, "volume": 2646397, "typical_volume": 7391532.75, "trend": 259.896527, "fair_value": 202.674665, "relative_strength": -28.542625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.739392, "energy": 86.747831, "activity_lines": [ 190.35384, 201.282679, 224.595124, 240.88184 ] }, { "date": "2025-02-28", "close": 167.970261, "volume": 1941532, "typical_volume": 6654873.6, "trend": 255.399695, "fair_value": 202.855849, "relative_strength": -32.313221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.990545, "energy": 87.181495, "activity_lines": [ 181.588321, 193.226286, 217.218995, 234.951113 ] }, { "date": "2025-03-07", "close": 179.093552, "volume": 2665042, "typical_volume": 5679536.8, "trend": 251.917536, "fair_value": 203.06063, "relative_strength": -28.945144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.392251, "energy": 67.37651, "activity_lines": [ 179.02273, 188.403075, 211.504779, 230.028136 ] }, { "date": "2025-03-14", "close": 172.002579, "volume": 2702229, "typical_volume": 5320202.75, "trend": 248.350229, "fair_value": 203.221466, "relative_strength": -31.074668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.761388, "energy": 67.48293, "activity_lines": [ 175.608054, 183.612943, 205.789391, 224.872333 ] }, { "date": "2025-03-21", "close": 171.225616, "volume": 3932038, "typical_volume": 5363907.75, "trend": 244.693609, "fair_value": 203.403288, "relative_strength": -33.836459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.139037, "energy": 66.865525, "activity_lines": [ 173.382742, 179.999601, 200.511, 219.896551 ] }, { "date": "2025-03-28", "close": 176.959351, "volume": 32903022, "typical_volume": 6883000.95, "trend": 240.450886, "fair_value": 203.608579, "relative_strength": -31.727666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.675358, "energy": 62.740099, "activity_lines": [ 174.124288, 178.244158, 196.394297, 215.526599 ] }, { "date": "2025-04-04", "close": 174.028564, "volume": 2616853, "typical_volume": 6927745.35, "trend": 236.201525, "fair_value": 203.724128, "relative_strength": -30.638586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.453281, "energy": 61.291255, "activity_lines": [ 174.317052, 176.456889, 192.503891, 211.241288 ] }, { "date": "2025-04-11", "close": 169.14061, "volume": 4310460, "typical_volume": 7036926.55, "trend": 231.786638, "fair_value": 203.818005, "relative_strength": -31.961697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.35434, "energy": 60.698487, "activity_lines": [ 172.476611, 174.350431, 188.558222, 206.914777 ] }, { "date": "2025-04-18", "close": 172.454987, "volume": 3495316, "typical_volume": 7132817.35, "trend": 227.828091, "fair_value": 203.945509, "relative_strength": -33.146884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.236516, "energy": 55.100276, "activity_lines": [ 172.404492, 173.440615, 185.332469, 203.086929 ] }, { "date": "2025-04-25", "close": 169.071777, "volume": 11160005, "typical_volume": 7589723.4, "trend": 224.250155, "fair_value": 204.086048, "relative_strength": -34.404372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.349183, "energy": 55.273756, "activity_lines": [ 171.174476, 172.302449, 182.22052, 199.296199 ] }, { "date": "2025-05-02", "close": 172.199265, "volume": 4634513, "typical_volume": 7750452.85, "trend": 221.084628, "fair_value": 204.309135, "relative_strength": -33.476026, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.753427, "energy": 50.757736, "activity_lines": [ 171.130545, 172.059973, 179.882436, 195.938077 ] }, { "date": "2025-05-09", "close": 169.730713, "volume": 6346369, "typical_volume": 7942209.45, "trend": 216.925448, "fair_value": 204.552934, "relative_strength": -32.894286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.987297, "energy": 47.932564, "activity_lines": [ 170.581103, 171.571983, 177.728452, 192.624921 ] }, { "date": "2025-05-16", "close": 188.407196, "volume": 7434381, "typical_volume": 6104900.7, "trend": 212.51679, "fair_value": 204.850631, "relative_strength": -27.824096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.57711, "energy": 32.429016, "activity_lines": [ 176.543678, 174.44771, 177.661904, 190.785034 ] }, { "date": "2025-05-23", "close": 205.510086, "volume": 15026124, "typical_volume": 6554717.85, "trend": 210.056754, "fair_value": 205.296006, "relative_strength": -19.951654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.304679, "energy": 12.102132, "activity_lines": [ 186.922777, 180.263713, 179.52618, 190.332988 ] }, { "date": "2025-05-30", "close": 214.558197, "volume": 32033923, "typical_volume": 7915591.05, "trend": 207.191848, "fair_value": 205.69944, "relative_strength": -15.321293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.691167, "energy": 29.357451, "activity_lines": [ 198.114241, 187.115601, 182.437826, 190.623404 ] }, { "date": "2025-06-06", "close": 214.509018, "volume": 3985598, "typical_volume": 7833036.85, "trend": 204.905561, "fair_value": 206.139396, "relative_strength": -15.224614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.075739, "energy": 44.990995, "activity_lines": [ 206.256883, 193.170681, 185.352001, 191.09548 ] }, { "date": "2025-06-13", "close": 219.101913, "volume": 8344479, "typical_volume": 7931714.45, "trend": 203.536215, "fair_value": 206.735003, "relative_strength": -11.579971, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.413963, "energy": 62.261681, "activity_lines": [ 213.10984, 199.378112, 188.656013, 192.011373 ] }, { "date": "2025-06-20", "close": 211.765091, "volume": 16361481, "typical_volume": 8604619.35, "trend": 202.127203, "fair_value": 207.255499, "relative_strength": -15.003242, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.233204, "energy": 60.071902, "activity_lines": [ 214.225776, 203.432061, 191.195807, 192.542269 ] }, { "date": "2025-06-27", "close": 213.338654, "volume": 4108562, "typical_volume": 8614861.2, "trend": 200.437894, "fair_value": 207.797556, "relative_strength": -15.321783, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.704651, "energy": 56.56714, "activity_lines": [ 214.30904, 206.997121, 193.838069, 193.265588 ] }, { "date": "2025-07-04", "close": 207.634415, "volume": 3238699, "typical_volume": 8494351.15, "trend": 198.391252, "fair_value": 208.289158, "relative_strength": -16.225691, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.860439, "energy": 35.672594, "activity_lines": [ 211.968987, 208.781707, 195.843686, 193.72988 ] }, { "date": "2025-07-11", "close": 202.048203, "volume": 3048566, "typical_volume": 8514459.6, "trend": 196.451809, "fair_value": 208.77756, "relative_strength": -16.728005, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.738089, "energy": 22.77789, "activity_lines": [ 208.228449, 208.849479, 197.219308, 193.965812 ] }, { "date": "2025-07-18", "close": 207.496719, "volume": 3434966, "typical_volume": 8589131.3, "trend": 195.549621, "fair_value": 209.261939, "relative_strength": -13.109201, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.093001, "energy": 18.11034, "activity_lines": [ 207.134803, 209.365183, 199.024948, 194.678387 ] }, { "date": "2025-07-25", "close": 205.274048, "volume": 5954324, "typical_volume": 8753595.4, "trend": 193.998002, "fair_value": 209.776152, "relative_strength": -12.845068, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.979087, "energy": 21.925591, "activity_lines": [ 206.073947, 208.79011, 200.430683, 195.305769 ] }, { "date": "2025-08-01", "close": 197.406128, "volume": 3946172, "typical_volume": 8815792.55, "trend": 192.428351, "fair_value": 210.228759, "relative_strength": -14.527761, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.710577, "energy": 19.760948, "activity_lines": [ 202.823187, 206.477836, 200.962424, 195.525648 ] }, { "date": "2025-08-08", "close": 185.85994, "volume": 2906846, "typical_volume": 8764532.95, "trend": 191.421258, "fair_value": 210.55572, "relative_strength": -18.188912, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.434961, "energy": 14.442368, "activity_lines": [ 196.785866, 202.2136, 200.273559, 195.10188 ] }, { "date": "2025-08-15", "close": 184.5224, "volume": 1819283, "typical_volume": 7210346.0, "trend": 190.754779, "fair_value": 210.8575, "relative_strength": -19.013667, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.337692, "energy": 18.369721, "activity_lines": [ 191.754331, 198.227961, 199.387621, 194.656792 ] }, { "date": "2025-08-22", "close": 208.224518, "volume": 5315819, "typical_volume": 7345294.3, "trend": 190.850506, "fair_value": 211.289796, "relative_strength": -8.930894, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.896099, "energy": 20.442585, "activity_lines": [ 195.791888, 199.09701, 200.723014, 195.783872 ] }, { "date": "2025-08-29", "close": 208.421204, "volume": 2865176, "typical_volume": 7273030.1, "trend": 191.070807, "fair_value": 211.711867, "relative_strength": -6.50167, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.056241, "energy": 16.900866, "activity_lines": [ 199.846487, 200.19959, 201.9143, 196.917466 ] }, { "date": "2025-09-05", "close": 213.729996, "volume": 4385402, "typical_volume": 7317534.4, "trend": 191.737545, "fair_value": 212.144684, "relative_strength": -4.635527, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 49.409879, "energy": 32.449657, "activity_lines": [ 205.460873, 202.328203, 203.424136, 198.379349 ] }, { "date": "2025-09-12", "close": 215.649994, "volume": 2606804, "typical_volume": 6889874.35, "trend": 192.690552, "fair_value": 212.639792, "relative_strength": -4.537742, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 53.442012, "energy": 54.040824, "activity_lines": [ 210.627, 204.798792, 204.920281, 199.922087 ] }, { "date": "2025-09-19", "close": 216.919998, "volume": 4789543, "typical_volume": 6897625.85, "trend": 193.8085, "fair_value": 213.137452, "relative_strength": -4.225028, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.303452, "energy": 68.511892, "activity_lines": [ 214.230459, 207.354553, 206.315577, 201.485277 ] }, { "date": "2025-09-26", "close": 208.229996, "volume": 2470839, "typical_volume": 6703849.35, "trend": 195.150491, "fair_value": 213.624112, "relative_strength": -5.1236, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.894325, "energy": 58.627408, "activity_lines": [ 212.77741, 208.059916, 206.670298, 202.415697 ] }, { "date": "2025-10-03", "close": 205.889999, "volume": 2657735, "typical_volume": 6465017.05, "trend": 196.043706, "fair_value": 214.058518, "relative_strength": -6.606299, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.551764, "energy": 37.539187, "activity_lines": [ 210.543997, 208.326494, 206.618833, 203.108568 ] }, { "date": "2025-10-10", "close": 192.940002, "volume": 2848990, "typical_volume": 5856160.35, "trend": 196.74162, "fair_value": 214.437852, "relative_strength": -13.047484, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.209935, "energy": 8.224484, "activity_lines": [ 204.162666, 206.227328, 205.250783, 202.908329 ] }, { "date": "2025-10-17", "close": 190.990005, "volume": 2442426, "typical_volume": 4376585.5, "trend": 197.400433, "fair_value": 214.802823, "relative_strength": -14.319792, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.956124, "energy": 17.189396, "activity_lines": [ 198.517335, 203.854819, 203.756877, 202.537257 ] }, { "date": "2025-10-24", "close": 189.070007, "volume": 2002514, "typical_volume": 4277431.3, "trend": 197.804121, "fair_value": 215.189325, "relative_strength": -14.662603, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.740098, "energy": 32.114393, "activity_lines": [ 193.876004, 201.039945, 202.192343, 201.99981 ] }, { "date": "2025-10-31", "close": 188.009995, "volume": 1982378, "typical_volume": 3959326.25, "trend": 198.270169, "fair_value": 215.490799, "relative_strength": -13.925853, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.382736, "energy": 56.683685, "activity_lines": [ 190.738001, 197.949658, 200.647994, 201.367931 ] }, { "date": "2025-11-07", "close": 185.259995, "volume": 1606945, "typical_volume": 3221599.45, "trend": 198.807482, "fair_value": 215.737701, "relative_strength": -13.547878, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.886534, "energy": 65.327505, "activity_lines": [ 188.031333, 194.726908, 198.989797, 200.528565 ] }, { "date": "2025-11-14", "close": 188.039993, "volume": 4580584, "typical_volume": 3245200.55, "trend": 199.326982, "fair_value": 215.977588, "relative_strength": -12.908507, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.515175, "energy": 59.399222, "activity_lines": [ 187.626663, 192.430726, 197.722576, 199.833888 ] }, { "date": "2025-11-21", "close": 181.729996, "volume": 2748920, "typical_volume": 3220711.6, "trend": 199.748923, "fair_value": 216.13822, "relative_strength": -15.629922, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.757096, "energy": 76.124016, "activity_lines": [ 185.445329, 189.454362, 195.974873, 198.698599 ] }, { "date": "2025-11-28", "close": 178.729996, "volume": 3853940, "typical_volume": 3260980.3, "trend": 199.966614, "fair_value": 216.269377, "relative_strength": -16.650348, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.26363, "energy": 76.589868, "activity_lines": [ 182.881329, 186.54927, 194.06481, 197.342539 ] }, { "date": "2025-12-05", "close": 169.130005, "volume": 3997912, "typical_volume": 3289127.6, "trend": 199.94659, "fair_value": 216.285908, "relative_strength": -20.244817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.410536, "energy": 85.708609, "activity_lines": [ 177.806665, 182.59309, 191.351501, 195.353081 ] }, { "date": "2025-12-12", "close": 165.589996, "volume": 3880129, "typical_volume": 3185417.85, "trend": 199.186017, "fair_value": 216.214242, "relative_strength": -20.71472, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.13956, "energy": 91.36436, "activity_lines": [ 172.810665, 178.70418, 188.483747, 193.136526 ] }, { "date": "2025-12-19", "close": 166.179993, "volume": 2094578, "typical_volume": 3092838.15, "trend": 197.875014, "fair_value": 216.243529, "relative_strength": -19.501079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.79792, "energy": 89.032435, "activity_lines": [ 169.322663, 175.65527, 185.861156, 191.007105 ] }, { "date": "2025-12-26", "close": 169.809998, "volume": 1265857, "typical_volume": 3010788.7, "trend": 196.383407, "fair_value": 216.169111, "relative_strength": -17.170107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.629978, "energy": 86.21454, "activity_lines": [ 168.501997, 173.752906, 183.732974, 189.196459 ] }, { "date": "2026-01-02", "close": 178.509995, "volume": 2814194, "typical_volume": 3060534.25, "trend": 195.18344, "fair_value": 216.204481, "relative_strength": -13.150653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.73732, "energy": 66.230141, "activity_lines": [ 171.375996, 173.817451, 182.509792, 188.043336 ] }, { "date": "2026-01-09", "close": 173.990005, "volume": 2929732, "typical_volume": 2941229.9, "trend": 193.679709, "fair_value": 216.250924, "relative_strength": -12.696784, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.763488, "energy": 52.480152, "activity_lines": [ 172.757999, 173.25218, 180.884766, 186.676017 ] }, { "date": "2026-01-16", "close": 176.660004, "volume": 935929, "typical_volume": 2844767.55, "trend": 192.50954, "fair_value": 216.302375, "relative_strength": -10.967395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.596379, "energy": 36.74592, "activity_lines": [ 174.706001, 173.427272, 179.677046, 185.577972 ] }, { "date": "2026-01-23", "close": 173.770004, "volume": 1909804, "typical_volume": 2720987.65, "trend": 191.190585, "fair_value": 216.391492, "relative_strength": -9.72678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.566796, "energy": 30.275669, "activity_lines": [ 174.952669, 173.233273, 178.345333, 184.368969 ] }, { "date": "2026-01-30", "close": 176.429993, "volume": 1078563, "typical_volume": 2644575.6, "trend": 190.150438, "fair_value": 216.4216, "relative_strength": -8.961148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.088719, "energy": 28.353642, "activity_lines": [ 175.58, 173.782363, 177.457237, 183.416673 ] }, { "date": "2026-02-06", "close": 172.029999, "volume": 1722501, "typical_volume": 2491223.5, "trend": 189.149831, "fair_value": 216.419777, "relative_strength": -12.183397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.747932, "energy": 30.28078, "activity_lines": [ 174.299333, 173.627817, 176.336856, 182.247613 ] }, { "date": "2026-02-13", "close": 188.729996, "volume": 11873308, "typical_volume": 2961346.95, "trend": 188.524273, "fair_value": 216.517866, "relative_strength": -2.632712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.11303, "energy": 11.395004, "activity_lines": [ 179.017331, 176.631453, 177.020713, 182.220527 ] }, { "date": "2026-02-20", "close": 189.889999, "volume": 3020431, "typical_volume": 2979481.75, "trend": 188.011472, "fair_value": 216.678029, "relative_strength": -2.265164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.584173, "energy": 14.894981, "activity_lines": [ 183.139331, 179.489635, 177.907903, 182.308638 ] }, { "date": "2026-02-27", "close": 185.25, "volume": 1315608, "typical_volume": 2902812.65, "trend": 187.606267, "fair_value": 216.809691, "relative_strength": -3.109115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.16502, "energy": 18.558862, "activity_lines": [ 184.832665, 181.062363, 178.42938, 182.130478 ] }, { "date": "2026-03-06", "close": 187.470001, "volume": 1943188, "typical_volume": 2877850.75, "trend": 187.659936, "fair_value": 216.965207, "relative_strength": 1.042338, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.053017, "energy": 22.270675, "activity_lines": [ 186.500666, 182.691999, 179.198904, 182.121687 ] }, { "date": "2026-03-13", "close": 184.419998, "volume": 3999435, "typical_volume": 2977696.8, "trend": 187.656523, "fair_value": 217.138426, "relative_strength": 4.901056, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.24011, "energy": 20.276654, "activity_lines": [ 186.415999, 183.445999, 179.694713, 181.912659 ] }, { "date": "2026-03-20", "close": 174.630005, "volume": 2542372, "typical_volume": 3005696.5, "trend": 186.536706, "fair_value": 217.24299, "relative_strength": -0.566298, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.695708, "energy": 13.816396, "activity_lines": [ 182.242001, 182.312545, 179.280285, 181.072238 ] }, { "date": "2026-03-27", "close": 157.639999, "volume": 7673614, "typical_volume": 3309029.95, "trend": 184.843999, "fair_value": 217.194249, "relative_strength": -8.938422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.744483, "energy": 35.120877, "activity_lines": [ 173.344667, 178.078363, 177.311476, 179.207935 ] }, { "date": "2026-04-03", "close": 159.080002, "volume": 2707739, "typical_volume": 3215387.7, "trend": 183.022332, "fair_value": 217.157223, "relative_strength": -7.536454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.647244, "energy": 54.071848, "activity_lines": [ 167.077335, 174.451819, 175.611333, 177.545741 ] }, { "date": "2026-04-10", "close": 164.740005, "volume": 2802077, "typical_volume": 3218045.55, "trend": 181.325333, "fair_value": 217.154617, "relative_strength": -9.443047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.120578, "energy": 60.751974, "activity_lines": [ 164.441336, 172.121456, 174.588143, 176.366236 ] }, { "date": "2026-04-17", "close": 174.589996, "volume": 2527647, "typical_volume": 3151730.9, "trend": 179.914333, "fair_value": 217.242781, "relative_strength": -5.207618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.714407, "energy": 57.730285, "activity_lines": [ 166.604001, 171.794546, 174.583952, 175.931698 ] }, { "date": "2026-04-24", "close": 172.210007, "volume": 2161207, "typical_volume": 3059895.65, "trend": 178.713666, "fair_value": 217.306686, "relative_strength": -4.759166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.283712, "energy": 34.179044, "activity_lines": [ 168.628669, 170.988365, 174.37281, 175.434645 ] }, { "date": "2026-05-01", "close": 172.839996, "volume": 1090409, "typical_volume": 2920409.65, "trend": 177.611999, "fair_value": 217.315333, "relative_strength": -4.838839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.791246, "energy": 17.747547, "activity_lines": [ 171.024667, 170.597092, 174.207, 175.055699 ] }, { "date": "2026-05-08", "close": 177.850006, "volume": 1858345, "typical_volume": 2908598.0, "trend": 177.109, "fair_value": 217.327845, "relative_strength": -2.874577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.539767, "energy": 14.746579, "activity_lines": [ 174.077335, 171.426729, 174.48381, 175.071054 ] }, { "date": "2026-05-15", "close": 165.970001, "volume": 1169865, "typical_volume": 2903798.4, "trend": 176.275, "fair_value": 217.208943, "relative_strength": -7.200113, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.314628, "energy": 17.542364, "activity_lines": [ 171.918668, 170.230911, 173.57362, 174.352409 ] }, { "date": "2026-05-22", "close": 173.110001, "volume": 1602981, "typical_volume": 2843237.75, "trend": 175.742999, "fair_value": 217.201315, "relative_strength": -3.278511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.1507, "energy": 13.53937, "activity_lines": [ 172.058002, 170.724183, 173.361715, 174.148215 ] }, { "date": "2026-05-29", "close": 186.220001, "volume": 35107120, "typical_volume": 4452107.15, "trend": 175.683333, "fair_value": 217.328019, "relative_strength": 5.007971, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.762995, "energy": 10.426828, "activity_lines": [ 176.666001, 173.806729, 174.424096, 174.824151 ] }, { "date": "2026-06-05", "close": 172.929993, "volume": 374833, "typical_volume": 4424052.35, "trend": 175.272333, "fair_value": 217.414855, "relative_strength": -1.433951, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.242384, "energy": 3.413699, "activity_lines": [ 175.909999, 174.262182, 174.162524, 174.646516 ] }, { "date": "2026-06-12", "close": 173.020004, "volume": 545313, "typical_volume": 4355827.8, "trend": 174.771666, "fair_value": 217.439558, "relative_strength": -2.066015, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.036571, "energy": 5.515853, "activity_lines": [ 175.178, 174.456001, 173.927286, 174.501205 ] }, { "date": "2026-06-19", "close": 175.580002, "volume": 978926, "typical_volume": 4350845.95, "trend": 174.566667, "fair_value": 217.476635, "relative_strength": -1.94931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.389389, "energy": 7.070176, "activity_lines": [ 175.621334, 174.861819, 173.939429, 174.553355 ] }, { "date": "2026-06-26", "close": 176.25, "volume": 0, "typical_volume": 4264720.9, "trend": 174.484, "fair_value": 217.514903, "relative_strength": -1.498037, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.095304, "energy": 5.708118, "activity_lines": [ 175.647334, 175.192364, 174.019429, 174.661958 ] }, { "date": "2026-07-03", "close": 174.770004, "volume": 850656, "typical_volume": 3713588.3, "trend": 174.672, "fair_value": 217.565415, "relative_strength": -2.950386, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.348515, "energy": 1.721749, "activity_lines": [ 174.970668, 175.223637, 173.938382, 174.680409 ] }, { "date": "2026-07-10", "close": 169.440002, "volume": 2274378, "typical_volume": 3676285.65, "trend": 174.800334, "fair_value": 217.556614, "relative_strength": -5.408035, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.741014, "energy": 17.202294, "activity_lines": [ 173.280669, 174.239274, 173.416192, 174.342861 ] }, { "date": "2026-07-17", "close": 164.660004, "volume": 2196113, "typical_volume": 3720310.9, "trend": 174.749667, "fair_value": 217.442353, "relative_strength": -8.18944, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.119992, "energy": 40.887389, "activity_lines": [ 170.230003, 172.447638, 172.536144, 173.688646 ] }, { "date": "2026-07-24", "close": 163.669998, "volume": 2328646, "typical_volume": 3739583.8, "trend": 174.545001, "fair_value": 217.252827, "relative_strength": -6.227637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.67344, "energy": 53.074327, "activity_lines": [ 167.406668, 170.715819, 171.659858, 172.973829 ] }, { "date": "2026-07-31", "close": 162.160004, "volume": 1601605, "typical_volume": 3619692.3, "trend": 174.000001, "fair_value": 217.01823, "relative_strength": -9.110658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.233912, "energy": 61.810981, "activity_lines": [ 164.874002, 168.751275, 170.753097, 172.174797 ] }, { "date": "2026-08-07", "close": 164.429993, "volume": 3811259, "typical_volume": 3683136.65, "trend": 173.681334, "fair_value": 216.808429, "relative_strength": -8.314271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.117806, "energy": 60.256158, "activity_lines": [ 164.037332, 167.398546, 170.168524, 171.557377 ] } ], "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." } } }