{ "ticker": { "uuid": "bc213d28-3df8-4910-950c-59a5b228d9a3", "symbol": "MUNJALAU", "name": "Munjal Auto 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 63.346, "architecture_energy": 47.625, "architecture_maturity": 51.743, "architecture_confidence": 91.455, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 11.27, "rotation_up": 56.44, "upward_expansion": 82.43, "deceleration": 62.25, "rotation_down": 23.44, "downward_expansion": 6.77 }, "activity_lines": [ 101.725332, 100.557636, 96.034381, 91.527354 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 102.459999, "trend_reference": 86.000333, "distance_from_trend": 0.191391, "trend_direction": "Improving", "fair_value": 85.284163, "distance_from_fair_value": 0.201395, "fair_value_direction": "Improving", "relative_strength": 18.963739, "relative_strength_direction": "Improving", "price_momentum": 0.367045, "excess_performance": 0.410754, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.191391, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.072207, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.201395, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.152226, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.189637, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.107453, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.367045, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 54.824205, "read": "Demand-led" } ], "volume": { "latest": 1245691, "relative_activity": 0.329652, "balance": 54.824205, "dry_up": 0.635099, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.080241, "annualized_volatility": 0.331138, "from_high_reference": -0.108966, "from_low_reference": 0.524702 }, "levels": { "trend_reference": 86.000333, "fair_value_reference": 85.284163, "structural_low": 67.199997, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.0, "positive_rate": 0.47619, "directional_follow_through": 0.47619, "median_excess_return": -0.031124, "regime_survival": 0.714286, "best_return": 0.241676, "worst_return": -0.210402, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.03703, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.037177, "regime_survival": 0.0, "best_return": 0.129911, "worst_return": -0.096923, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.156659, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.153907, "regime_survival": 0.166667, "best_return": 0.697485, "worst_return": -0.312772, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.043492, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.096955, "regime_survival": 0.75, "best_return": 1.106752, "worst_return": -0.332312, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": 0.038331, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-05", "end": "2024-08-16", "tenure": "Developing", "return": 0.089502, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-23", "end": "2024-11-15", "tenure": "Established", "return": 0.068727, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": -0.02774, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-31", "tenure": "Developing", "return": -0.082739, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-05-23", "tenure": "Established", "return": -0.071979, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-08-29", "tenure": "Established", "return": 0.05712, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-31", "tenure": "Developing", "return": 0.051955, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.096362, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.108541, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-04-17", "tenure": "Developing", "return": 0.136617, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-15", "tenure": "New", "return": 0.130298, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-22", "end": "2026-05-29", "tenure": "New", "return": 0.002671, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.064188, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 55.791313, "volume": 1820853, "typical_volume": 1223344.8, "trend": 44.714522, "fair_value": 48.895516, "relative_strength": 14.354947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.903626, "energy": 56.947153, "activity_lines": [ 55.142688, 53.610424, 50.451445, 47.59276 ] }, { "date": "2023-08-25", "close": 59.181644, "volume": 2711319, "typical_volume": 1345975.8, "trend": 45.212949, "fair_value": 48.915265, "relative_strength": 21.248382, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.859948, "energy": 63.002216, "activity_lines": [ 56.695815, 54.856674, 51.594182, 48.526122 ] }, { "date": "2023-09-01", "close": 56.948376, "volume": 1249565, "typical_volume": 1401828.9, "trend": 45.663568, "fair_value": 48.94554, "relative_strength": 15.547099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.061665, "energy": 60.213048, "activity_lines": [ 57.131225, 55.523282, 52.425493, 49.283247 ] }, { "date": "2023-09-08", "close": 60.395378, "volume": 2162102, "typical_volume": 1499586.8, "trend": 46.238488, "fair_value": 49.015656, "relative_strength": 19.925143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.871067, "energy": 62.813502, "activity_lines": [ 58.43169, 56.675085, 53.496096, 50.233686 ] }, { "date": "2023-09-15", "close": 56.851276, "volume": 1624309, "typical_volume": 1565538.95, "trend": 46.743839, "fair_value": 49.036436, "relative_strength": 10.798763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.801368, "energy": 51.933581, "activity_lines": [ 58.055841, 56.973172, 54.123757, 50.918382 ] }, { "date": "2023-09-22", "close": 55.15205, "volume": 487752, "typical_volume": 1577263.7, "trend": 47.27872, "fair_value": 49.072054, "relative_strength": 10.359734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.235268, "energy": 43.203811, "activity_lines": [ 57.161992, 56.858433, 54.510902, 51.460847 ] }, { "date": "2023-09-29", "close": 55.1035, "volume": 460869, "typical_volume": 1586333.9, "trend": 47.826083, "fair_value": 49.083996, "relative_strength": 10.486283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.533622, "energy": 32.728883, "activity_lines": [ 56.294577, 56.674705, 54.823056, 51.965672 ] }, { "date": "2023-10-06", "close": 55.15205, "volume": 340781, "typical_volume": 1586618.55, "trend": 48.340597, "fair_value": 49.105418, "relative_strength": 10.550921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.534803, "energy": 22.907023, "activity_lines": [ 55.715222, 56.472145, 55.074396, 52.438315 ] }, { "date": "2023-10-13", "close": 54.22961, "volume": 865701, "typical_volume": 1557322.8, "trend": 48.888598, "fair_value": 49.133052, "relative_strength": 8.210061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.4163, "energy": 20.319957, "activity_lines": [ 54.948142, 56.057089, 55.173784, 52.818251 ] }, { "date": "2023-10-20", "close": 55.297699, "volume": 926949, "typical_volume": 1532870.15, "trend": 49.536439, "fair_value": 49.144761, "relative_strength": 11.348466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.071958, "energy": 17.651158, "activity_lines": [ 54.948142, 55.813351, 55.32839, 53.231741 ] }, { "date": "2023-10-27", "close": 50.928257, "volume": 596932, "typical_volume": 1443933.85, "trend": 50.0966, "fair_value": 49.147684, "relative_strength": 5.198724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.795653, "energy": 9.236152, "activity_lines": [ 53.595234, 54.816618, 55.028027, 53.321536 ] }, { "date": "2023-11-03", "close": 52.481834, "volume": 385168, "typical_volume": 1375723.2, "trend": 50.564408, "fair_value": 49.158496, "relative_strength": 7.262783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.941912, "energy": 13.537896, "activity_lines": [ 53.041771, 54.190772, 54.871475, 53.475422 ] }, { "date": "2023-11-10", "close": 52.336189, "volume": 637452, "typical_volume": 1337351.7, "trend": 51.033628, "fair_value": 49.16305, "relative_strength": 5.788618, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.534747, "energy": 14.573541, "activity_lines": [ 52.614537, 53.660261, 54.687492, 53.589731 ] }, { "date": "2023-11-17", "close": 60.92942, "volume": 4137564, "typical_volume": 1519805.3, "trend": 51.789289, "fair_value": 49.216479, "relative_strength": 20.756917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.020367, "energy": 19.762333, "activity_lines": [ 55.239438, 54.776013, 55.306806, 54.228169 ] }, { "date": "2023-11-24", "close": 79.135422, "volume": 22753407, "typical_volume": 2527676.25, "trend": 53.08288, "fair_value": 49.362954, "relative_strength": 54.662095, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 85.266783, "energy": 82.346361, "activity_lines": [ 63.486352, 59.192237, 57.602656, 55.992436 ] }, { "date": "2023-12-01", "close": 76.610855, "volume": 5881943, "typical_volume": 2759835.65, "trend": 54.290753, "fair_value": 49.499751, "relative_strength": 44.964656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.850858, "energy": 91.331498, "activity_lines": [ 69.302562, 62.744283, 59.524751, 57.510369 ] }, { "date": "2023-12-08", "close": 83.21357, "volume": 7703407, "typical_volume": 3011372.05, "trend": 55.685815, "fair_value": 49.676804, "relative_strength": 50.636352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.834774, "energy": 94.986021, "activity_lines": [ 75.607504, 67.106662, 61.957735, 59.376358 ] }, { "date": "2023-12-15", "close": 79.815109, "volume": 2144797, "typical_volume": 3068163.75, "trend": 56.956627, "fair_value": 49.829706, "relative_strength": 40.05945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.295705, "energy": 89.719024, "activity_lines": [ 78.730844, 70.340047, 63.925953, 60.933086 ] }, { "date": "2023-12-22", "close": 78.358627, "volume": 1927610, "typical_volume": 3073209.6, "trend": 58.086453, "fair_value": 49.985988, "relative_strength": 36.884963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.021323, "energy": 87.691159, "activity_lines": [ 79.536761, 72.860198, 65.626289, 62.31386 ] }, { "date": "2023-12-29", "close": 84.572945, "volume": 3964598, "typical_volume": 3139153.9, "trend": 59.33412, "fair_value": 50.172642, "relative_strength": 43.703955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.25744, "energy": 82.290474, "activity_lines": [ 81.25217, 76.071516, 67.797571, 64.022666 ] }, { "date": "2024-01-05", "close": 86.806221, "volume": 3686574, "typical_volume": 3232439.95, "trend": 60.559091, "fair_value": 50.369767, "relative_strength": 46.211625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.453569, "energy": 69.058759, "activity_lines": [ 83.349504, 79.156606, 70.052996, 65.79506 ] }, { "date": "2024-01-12", "close": 101.90506, "volume": 9536810, "typical_volume": 3573714.5, "trend": 62.301458, "fair_value": 50.666341, "relative_strength": 67.796198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.986999, "energy": 74.12003, "activity_lines": [ 89.800092, 84.334614, 73.598716, 68.462542 ] }, { "date": "2024-01-19", "close": 107.536789, "volume": 4913756, "typical_volume": 3756924.05, "trend": 64.247216, "fair_value": 51.003453, "relative_strength": 76.379104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.93509, "energy": 74.733581, "activity_lines": [ 96.881824, 89.637968, 77.477346, 71.38095 ] }, { "date": "2024-01-26", "close": 105.012222, "volume": 892232, "typical_volume": 3693430.55, "trend": 66.118223, "fair_value": 51.337097, "relative_strength": 71.59933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.72601, "energy": 83.162425, "activity_lines": [ 101.273922, 93.478662, 80.874644, 74.010951 ] }, { "date": "2024-02-02", "close": 98.166756, "volume": 1736503, "typical_volume": 3699040.25, "trend": 67.685844, "fair_value": 51.613257, "relative_strength": 54.597852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.498754, "energy": 70.121483, "activity_lines": [ 101.607292, 95.273221, 83.407532, 76.078598 ] }, { "date": "2024-02-09", "close": 96.030594, "volume": 1271486, "typical_volume": 3738226.95, "trend": 69.158759, "fair_value": 51.833728, "relative_strength": 49.754126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.763679, "energy": 61.318778, "activity_lines": [ 100.322353, 96.333363, 85.540235, 77.907291 ] }, { "date": "2024-02-16", "close": 86.029427, "volume": 2560424, "typical_volume": 3843204.7, "trend": 70.240332, "fair_value": 52.024987, "relative_strength": 31.231927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.326741, "energy": 42.119642, "activity_lines": [ 95.088734, 95.222024, 86.525787, 78.995722 ] }, { "date": "2024-02-23", "close": 87.097511, "volume": 979147, "typical_volume": 3875123.0, "trend": 71.387276, "fair_value": 52.216585, "relative_strength": 30.414067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.176518, "energy": 29.310994, "activity_lines": [ 91.269519, 94.253685, 87.465794, 80.083282 ] }, { "date": "2024-03-01", "close": 86.563469, "volume": 700173, "typical_volume": 3866846.6, "trend": 72.507019, "fair_value": 52.412746, "relative_strength": 27.515725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.633788, "energy": 26.870439, "activity_lines": [ 88.634908, 93.055841, 88.202819, 81.062391 ] }, { "date": "2024-03-08", "close": 82.533875, "volume": 641732, "typical_volume": 3852585.75, "trend": 73.338902, "fair_value": 52.590765, "relative_strength": 19.69147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.243409, "energy": 28.025205, "activity_lines": [ 85.887015, 90.976163, 88.402103, 81.709285 ] }, { "date": "2024-03-15", "close": 73.503693, "volume": 874771, "typical_volume": 3866477.7, "trend": 73.929314, "fair_value": 52.718588, "relative_strength": 8.106919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.905041, "energy": 19.585535, "activity_lines": [ 81.171255, 87.291709, 87.611673, 81.719916 ] }, { "date": "2024-03-22", "close": 76.513756, "volume": 843636, "typical_volume": 3889401.1, "trend": 74.507051, "fair_value": 52.892914, "relative_strength": 11.227455, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.684034, "energy": 21.24201, "activity_lines": [ 78.960642, 84.396403, 87.000413, 81.886655 ] }, { "date": "2024-03-29", "close": 77.193451, "volume": 754113, "typical_volume": 3895234.15, "trend": 75.181887, "fair_value": 53.060654, "relative_strength": 10.044719, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.392405, "energy": 23.245488, "activity_lines": [ 77.610972, 82.086338, 86.339449, 82.059971 ] }, { "date": "2024-04-05", "close": 84.136009, "volume": 736971, "typical_volume": 3725204.5, "trend": 75.973242, "fair_value": 53.269349, "relative_strength": 17.827002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.673441, "energy": 18.571993, "activity_lines": [ 79.235759, 81.590253, 86.221313, 82.637656 ] }, { "date": "2024-04-12", "close": 81.174492, "volume": 373386, "typical_volume": 2606203.45, "trend": 76.784015, "fair_value": 53.479762, "relative_strength": 12.654502, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.704802, "energy": 14.174006, "activity_lines": [ 80.035204, 80.935278, 85.71062, 82.973221 ] }, { "date": "2024-04-19", "close": 79.183975, "volume": 318950, "typical_volume": 2328053.8, "trend": 77.58508, "fair_value": 53.69309, "relative_strength": 10.804549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.539921, "energy": 11.731935, "activity_lines": [ 80.261769, 80.227341, 85.000644, 83.128057 ] }, { "date": "2024-04-26", "close": 81.659988, "volume": 333479, "typical_volume": 1959557.4, "trend": 78.470296, "fair_value": 53.905728, "relative_strength": 11.937552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.461703, "energy": 11.492949, "activity_lines": [ 80.934986, 80.275891, 84.514226, 83.390954 ] }, { "date": "2024-05-03", "close": 81.223045, "volume": 394191, "typical_volume": 1872027.1, "trend": 79.339329, "fair_value": 54.085695, "relative_strength": 10.163636, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.014174, "energy": 11.141117, "activity_lines": [ 81.119473, 80.32444, 83.993593, 83.568551 ] }, { "date": "2024-05-10", "close": 77.970238, "volume": 420068, "typical_volume": 1796650.0, "trend": 80.130683, "fair_value": 54.251317, "relative_strength": 6.968089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.634381, "energy": 14.463308, "activity_lines": [ 79.951052, 79.888379, 83.156463, 83.480222 ] }, { "date": "2024-05-17", "close": 80.203506, "volume": 318136, "typical_volume": 1614326.9, "trend": 80.960877, "fair_value": 54.406413, "relative_strength": 7.221063, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.963417, "energy": 15.505767, "activity_lines": [ 79.938105, 80.014607, 82.533876, 83.484921 ] }, { "date": "2024-05-24", "close": 79.572365, "volume": 409891, "typical_volume": 1450492.75, "trend": 81.91568, "fair_value": 54.548887, "relative_strength": 3.467133, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.39098, "energy": 20.451678, "activity_lines": [ 79.779509, 80.068452, 81.871986, 83.395339 ] }, { "date": "2024-05-31", "close": 77.873138, "volume": 719845, "typical_volume": 1009644.5, "trend": 82.762057, "fair_value": 54.666272, "relative_strength": 2.636206, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.299772, "energy": 29.72401, "activity_lines": [ 79.028613, 79.703008, 81.082713, 83.13453 ] }, { "date": "2024-06-07", "close": 81.46579, "volume": 980432, "typical_volume": 812978.3, "trend": 83.733044, "fair_value": 54.784211, "relative_strength": 3.396955, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "down", "direction": -47.187613, "energy": 24.902593, "activity_lines": [ 79.727723, 79.966057, 80.750034, 83.0509 ] }, { "date": "2024-06-14", "close": 83.087334, "volume": 1230574, "typical_volume": 829895.4, "trend": 84.471641, "fair_value": 54.936795, "relative_strength": 4.131229, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.532429, "energy": 16.940075, "activity_lines": [ 80.951165, 80.446253, 80.695936, 83.009241 ] }, { "date": "2024-06-21", "close": 92.000992, "volume": 3312569, "typical_volume": 908698.7, "trend": 84.900493, "fair_value": 55.13528, "relative_strength": 14.300368, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 11.976256, "energy": 17.711216, "activity_lines": [ 84.804687, 82.566181, 81.595162, 83.495006 ] }, { "date": "2024-06-28", "close": 86.272179, "volume": 1433790, "typical_volume": 916813.9, "trend": 85.222538, "fair_value": 55.289944, "relative_strength": 4.296223, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.331301, "energy": 24.051951, "activity_lines": [ 85.962106, 83.447662, 81.978147, 83.583501 ] }, { "date": "2024-07-05", "close": 88.418053, "volume": 1233773, "typical_volume": 850481.35, "trend": 85.39602, "fair_value": 55.470489, "relative_strength": 4.934098, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.931352, "energy": 43.699711, "activity_lines": [ 87.388161, 84.590424, 82.61197, 83.789664 ] }, { "date": "2024-07-12", "close": 85.534225, "volume": 800357, "typical_volume": 841541.85, "trend": 85.586658, "fair_value": 55.615987, "relative_strength": 0.304579, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.180441, "energy": 38.484634, "activity_lines": [ 87.149946, 85.085981, 82.959768, 83.79858 ] }, { "date": "2024-07-19", "close": 82.679527, "volume": 718150, "typical_volume": 842440.7, "trend": 85.730687, "fair_value": 55.762704, "relative_strength": -3.506861, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": -7.060197, "energy": 12.089342, "activity_lines": [ 85.688936, 84.984116, 83.043135, 83.611023 ] }, { "date": "2024-07-26", "close": 89.660912, "volume": 2152940, "typical_volume": 918001.1, "trend": 85.900286, "fair_value": 55.945301, "relative_strength": 2.834639, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.302918, "energy": 17.505605, "activity_lines": [ 86.582242, 86.065971, 83.80989, 83.864586 ] }, { "date": "2024-08-02", "close": 105.730751, "volume": 20969832, "typical_volume": 1922754.15, "trend": 86.531104, "fair_value": 56.235346, "relative_strength": 20.805766, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.414803, "energy": 44.544176, "activity_lines": [ 92.988166, 89.897662, 86.073168, 85.143971 ] }, { "date": "2024-08-09", "close": 95.719879, "volume": 3955659, "typical_volume": 2078355.3, "trend": 86.324931, "fair_value": 56.477485, "relative_strength": 10.361169, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.19732, "energy": 47.044709, "activity_lines": [ 94.759894, 91.433587, 87.229567, 85.736795 ] }, { "date": "2024-08-16", "close": 96.331604, "volume": 2845200, "typical_volume": 2182909.65, "trend": 85.951425, "fair_value": 56.754302, "relative_strength": 9.666676, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.389669, "energy": 65.64157, "activity_lines": [ 96.248743, 92.756249, 88.352768, 86.382387 ] }, { "date": "2024-08-23", "close": 104.575272, "volume": 3914007, "typical_volume": 2341761.45, "trend": 85.93686, "fair_value": 57.074794, "relative_strength": 16.981924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.068552, "energy": 74.378793, "activity_lines": [ 99.765655, 95.307472, 90.169947, 87.583926 ] }, { "date": "2024-08-30", "close": 103.11879, "volume": 4085375, "typical_volume": 2527360.9, "trend": 86.101928, "fair_value": 57.390683, "relative_strength": 12.769816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.397948, "energy": 62.612728, "activity_lines": [ 101.337357, 97.20319, 91.751083, 88.692437 ] }, { "date": "2024-09-06", "close": 127.238106, "volume": 34937041, "typical_volume": 4258265.45, "trend": 87.142178, "fair_value": 57.865619, "relative_strength": 39.757784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.492149, "energy": 84.057067, "activity_lines": [ 110.05164, 103.282097, 95.5248, 91.346384 ] }, { "date": "2024-09-13", "close": 128.811111, "volume": 9953635, "typical_volume": 4739273.25, "trend": 88.568235, "fair_value": 58.348863, "relative_strength": 37.042261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.909932, "energy": 89.592843, "activity_lines": [ 117.856433, 108.90217, 99.219497, 94.034702 ] }, { "date": "2024-09-20", "close": 118.018616, "volume": 2727457, "typical_volume": 4855936.55, "trend": 89.598938, "fair_value": 58.767952, "relative_strength": 22.32013, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.701578, "energy": 81.974218, "activity_lines": [ 119.857646, 111.825551, 101.661809, 95.934727 ] }, { "date": "2024-09-27", "close": 117.21933, "volume": 4705584, "typical_volume": 5070212.35, "trend": 90.6208, "fair_value": 59.172454, "relative_strength": 18.671275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.066956, "energy": 77.73786, "activity_lines": [ 120.14663, 114.012983, 103.852782, 97.716688 ] }, { "date": "2024-10-04", "close": 122.765022, "volume": 2761107, "typical_volume": 5192360.9, "trend": 91.961838, "fair_value": 59.601268, "relative_strength": 28.692343, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.081297, "energy": 59.250257, "activity_lines": [ 121.44124, 116.580725, 106.385015, 99.790509 ] }, { "date": "2024-10-11", "close": 128.192291, "volume": 4125034, "typical_volume": 5378118.05, "trend": 93.784792, "fair_value": 60.065167, "relative_strength": 33.049559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.257728, "energy": 54.282062, "activity_lines": [ 123.235192, 119.533351, 109.231457, 102.127957 ] }, { "date": "2024-10-18", "close": 141.543396, "volume": 10389807, "typical_volume": 5861616.15, "trend": 95.952446, "fair_value": 60.634465, "relative_strength": 45.48081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.7261, "energy": 61.169863, "activity_lines": [ 129.415899, 124.505059, 113.117909, 105.209157 ] }, { "date": "2024-10-25", "close": 120.278336, "volume": 3482282, "typical_volume": 5986708.65, "trend": 97.388609, "fair_value": 61.075137, "relative_strength": 25.646311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.755491, "energy": 48.900387, "activity_lines": [ 127.659434, 124.777238, 114.675926, 106.77857 ] }, { "date": "2024-11-01", "close": 129.524445, "volume": 1613065, "typical_volume": 6005833.2, "trend": 98.901557, "fair_value": 61.565912, "relative_strength": 32.938129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.234126, "energy": 49.875039, "activity_lines": [ 128.834357, 126.295132, 116.929703, 108.851849 ] }, { "date": "2024-11-08", "close": 129.63298, "volume": 1807259, "typical_volume": 5930567.7, "trend": 100.51684, "fair_value": 62.061818, "relative_strength": 32.2139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.002999, "energy": 47.482339, "activity_lines": [ 129.225118, 127.379138, 118.972688, 110.834522 ] }, { "date": "2024-11-15", "close": 111.762444, "volume": 1219427, "typical_volume": 5919849.55, "trend": 101.602789, "fair_value": 62.451451, "relative_strength": 16.055711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.480063, "energy": 25.502396, "activity_lines": [ 123.20117, 124.73188, 119.134517, 111.560045 ] }, { "date": "2024-11-22", "close": 101.381538, "volume": 3621604, "typical_volume": 6039241.1, "trend": 102.260174, "fair_value": 62.784298, "relative_strength": 3.50858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.506812, "energy": 14.924315, "activity_lines": [ 114.812242, 120.478561, 118.186305, 111.54577 ] }, { "date": "2024-11-29", "close": 106.256226, "volume": 2189542, "typical_volume": 6108700.35, "trend": 103.094613, "fair_value": 63.160223, "relative_strength": 7.165605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.776758, "energy": 16.125176, "activity_lines": [ 110.725668, 117.610267, 117.640619, 111.80358 ] }, { "date": "2024-12-06", "close": 109.374435, "volume": 1462604, "typical_volume": 6145923.05, "trend": 104.14142, "fair_value": 63.544307, "relative_strength": 7.633106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.546144, "energy": 22.844888, "activity_lines": [ 108.613304, 115.522782, 117.29323, 112.20873 ] }, { "date": "2024-12-13", "close": 106.226624, "volume": 1706172, "typical_volume": 6123584.65, "trend": 105.008857, "fair_value": 63.922113, "relative_strength": 3.877424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.212079, "energy": 20.783976, "activity_lines": [ 106.795004, 113.005603, 116.51893, 112.343259 ] }, { "date": "2024-12-20", "close": 98.569229, "volume": 1058126, "typical_volume": 5127999.35, "trend": 105.642086, "fair_value": 64.259705, "relative_strength": 0.975471, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.856322, "energy": 37.308931, "activity_lines": [ 103.984662, 109.396868, 114.936469, 111.927799 ] }, { "date": "2024-12-27", "close": 98.273193, "volume": 790881, "typical_volume": 4969760.45, "trend": 106.322088, "fair_value": 64.580317, "relative_strength": -0.391597, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.390464, "energy": 44.041966, "activity_lines": [ 101.95519, 106.272909, 113.359918, 111.452387 ] }, { "date": "2025-01-03", "close": 102.032822, "volume": 2275408, "typical_volume": 4941270.85, "trend": 107.007655, "fair_value": 64.914086, "relative_strength": 2.47475, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.366102, "energy": 32.650712, "activity_lines": [ 101.38615, 104.619251, 112.129268, 111.17566 ] }, { "date": "2025-01-10", "close": 90.87236, "volume": 893550, "typical_volume": 4790248.0, "trend": 107.267156, "fair_value": 65.169512, "relative_strength": -6.163571, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.118026, "energy": 48.060176, "activity_lines": [ 97.378517, 101.268154, 109.808568, 110.134673 ] }, { "date": "2025-01-17", "close": 90.655273, "volume": 691986, "typical_volume": 4620578.55, "trend": 107.222299, "fair_value": 65.414674, "relative_strength": -4.995265, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.786322, "energy": 52.787932, "activity_lines": [ 94.531992, 98.580351, 107.532445, 109.062939 ] }, { "date": "2025-01-24", "close": 89.70797, "volume": 733956, "typical_volume": 2910424.3, "trend": 107.336825, "fair_value": 65.672691, "relative_strength": -5.077488, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.704566, "energy": 59.436981, "activity_lines": [ 92.407791, 96.428998, 105.225452, 107.932982 ] }, { "date": "2025-01-31", "close": 90.142143, "volume": 446157, "typical_volume": 2435050.4, "trend": 107.394295, "fair_value": 65.933195, "relative_strength": -6.01638, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.422693, "energy": 70.490071, "activity_lines": [ 91.019064, 94.757575, 103.138525, 106.823648 ] }, { "date": "2025-02-07", "close": 88.287003, "volume": 434495, "typical_volume": 2320402.3, "trend": 107.486054, "fair_value": 66.195708, "relative_strength": -7.864802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.999697, "energy": 69.084341, "activity_lines": [ 89.554027, 92.953207, 101.059055, 105.590919 ] }, { "date": "2025-02-14", "close": 73.514938, "volume": 845149, "typical_volume": 2127380.55, "trend": 107.180568, "fair_value": 66.377723, "relative_strength": -20.909813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.434936, "energy": 83.751046, "activity_lines": [ 84.081356, 88.789722, 97.714302, 103.399234 ] }, { "date": "2025-02-21", "close": 71.86702, "volume": 850715, "typical_volume": 2031860.95, "trend": 106.587438, "fair_value": 66.573129, "relative_strength": -21.945885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.241626, "energy": 90.058892, "activity_lines": [ 79.216541, 84.978607, 94.420719, 101.120941 ] }, { "date": "2025-02-28", "close": 67.791626, "volume": 386752, "typical_volume": 1844946.85, "trend": 105.322801, "fair_value": 66.746848, "relative_strength": -23.844418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.908306, "energy": 92.278559, "activity_lines": [ 74.245812, 81.051231, 90.981376, 98.617985 ] }, { "date": "2025-03-07", "close": 71.245346, "volume": 626976, "typical_volume": 1356805.3, "trend": 104.506983, "fair_value": 66.938565, "relative_strength": -21.290872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.62186, "energy": 87.832684, "activity_lines": [ 71.887412, 78.311396, 88.15858, 96.41944 ] }, { "date": "2025-03-14", "close": 69.113914, "volume": 283489, "typical_volume": 1196865.65, "trend": 103.599727, "fair_value": 67.110705, "relative_strength": -23.023324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.376511, "energy": 86.788758, "activity_lines": [ 70.078321, 75.675444, 85.467544, 94.136016 ] }, { "date": "2025-03-21", "close": 71.699272, "volume": 671236, "typical_volume": 1149774.2, "trend": 102.50386, "fair_value": 67.30474, "relative_strength": -23.259357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.885074, "energy": 73.47536, "activity_lines": [ 70.409222, 74.108083, 83.266372, 92.077922 ] }, { "date": "2025-03-28", "close": 66.143707, "volume": 1081395, "typical_volume": 1113481.0, "trend": 101.271357, "fair_value": 67.47381, "relative_strength": -29.495494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.41888, "energy": 65.850949, "activity_lines": [ 69.009312, 71.87922, 80.811456, 89.732106 ] }, { "date": "2025-04-04", "close": 67.248901, "volume": 458713, "typical_volume": 1075445.3, "trend": 99.271717, "fair_value": 67.622164, "relative_strength": -26.107655, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.169594, "energy": 64.210651, "activity_lines": [ 68.359355, 70.296967, 78.764128, 87.537109 ] }, { "date": "2025-04-11", "close": 66.696304, "volume": 384373, "typical_volume": 913583.75, "trend": 97.201223, "fair_value": 67.770821, "relative_strength": -26.227316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.102378, "energy": 62.922842, "activity_lines": [ 67.56138, 69.022588, 76.87614, 85.435469 ] }, { "date": "2025-04-18", "close": 71.284821, "volume": 278938, "typical_volume": 818053.55, "trend": 95.64343, "fair_value": 67.948892, "relative_strength": -24.318479, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.168577, "energy": 57.179438, "activity_lines": [ 68.596181, 69.008774, 75.590321, 83.763443 ] }, { "date": "2025-04-25", "close": 71.630188, "volume": 827889, "typical_volume": 786317.8, "trend": 94.123792, "fair_value": 68.137457, "relative_strength": -24.301343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.305422, "energy": 46.222657, "activity_lines": [ 69.601376, 69.366883, 74.503925, 82.214202 ] }, { "date": "2025-05-02", "close": 71.176277, "volume": 299628, "typical_volume": 715990.6, "trend": 92.404167, "fair_value": 68.342631, "relative_strength": -25.479254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.305932, "energy": 41.746409, "activity_lines": [ 70.459874, 69.676732, 73.554034, 80.733717 ] }, { "date": "2025-05-09", "close": 68.117264, "volume": 302907, "typical_volume": 678229.65, "trend": 90.401666, "fair_value": 68.540913, "relative_strength": -27.427566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.852347, "energy": 38.243444, "activity_lines": [ 69.963196, 69.442955, 72.479715, 79.16682 ] }, { "date": "2025-05-16", "close": 80.343437, "volume": 698745, "typical_volume": 673622.85, "trend": 88.361668, "fair_value": 68.810175, "relative_strength": -17.718128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.892719, "energy": 20.667671, "activity_lines": [ 73.484018, 71.426198, 72.714803, 78.517902 ] }, { "date": "2025-05-23", "close": 81.932152, "volume": 428883, "typical_volume": 581296.6, "trend": 87.083462, "fair_value": 69.091099, "relative_strength": -15.457834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.988383, "energy": 13.730463, "activity_lines": [ 76.624603, 73.532879, 73.186576, 78.103095 ] }, { "date": "2025-05-30", "close": 81.88282, "volume": 821417, "typical_volume": 577689.95, "trend": 85.495408, "fair_value": 69.365201, "relative_strength": -15.097027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.66086, "energy": 21.044475, "activity_lines": [ 79.038922, 75.397531, 73.749369, 77.767569 ] }, { "date": "2025-06-06", "close": 80.866432, "volume": 733434, "typical_volume": 579762.35, "trend": 83.869856, "fair_value": 69.637223, "relative_strength": -16.889055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.324258, "energy": 27.282798, "activity_lines": [ 80.430936, 76.89223, 74.25817, 77.468926 ] }, { "date": "2025-06-13", "close": 75.666115, "volume": 1019888, "typical_volume": 594058.95, "trend": 82.666645, "fair_value": 69.901344, "relative_strength": -21.15189, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.154042, "energy": 19.874981, "activity_lines": [ 79.4435, 77.173731, 74.318317, 76.939652 ] }, { "date": "2025-06-20", "close": 73.732033, "volume": 506152, "typical_volume": 597058.7, "trend": 81.744995, "fair_value": 70.117282, "relative_strength": -24.003743, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.149252, "energy": 11.424154, "activity_lines": [ 77.308114, 76.950541, 74.261131, 76.363225 ] }, { "date": "2025-06-27", "close": 73.070892, "volume": 1058028, "typical_volume": 628235.35, "trend": 80.638817, "fair_value": 70.331053, "relative_strength": -25.954795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.894762, "energy": 18.745964, "activity_lines": [ 75.393108, 76.47922, 74.219123, 75.803606 ] }, { "date": "2025-07-04", "close": 77.619942, "volume": 1247554, "typical_volume": 648355.6, "trend": 79.580334, "fair_value": 70.57073, "relative_strength": -20.566172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.061208, "energy": 18.739311, "activity_lines": [ 75.585203, 76.802526, 74.682815, 75.60884 ] }, { "date": "2025-07-11", "close": 77.698875, "volume": 3043639, "typical_volume": 758001.8, "trend": 78.629409, "fair_value": 70.809435, "relative_strength": -19.339396, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.834754, "energy": 15.436903, "activity_lines": [ 76.0878, 77.031279, 75.134477, 75.487455 ] }, { "date": "2025-07-18", "close": 78.044243, "volume": 606364, "typical_volume": 768982.4, "trend": 77.945243, "fair_value": 71.044144, "relative_strength": -18.291696, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.576155, "energy": 5.954216, "activity_lines": [ 76.916691, 77.204232, 75.591261, 75.449703 ] }, { "date": "2025-07-25", "close": 75.794395, "volume": 411402, "typical_volume": 758203.7, "trend": 77.19595, "fair_value": 71.272415, "relative_strength": -20.002708, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.054362, "energy": 6.712349, "activity_lines": [ 76.83709, 76.787633, 75.784951, 75.310938 ] }, { "date": "2025-08-01", "close": 73.199173, "volume": 439347, "typical_volume": 765996.6, "trend": 76.234828, "fair_value": 71.481389, "relative_strength": -21.373098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.795442, "energy": 9.610446, "activity_lines": [ 75.754924, 75.981884, 75.709815, 75.053082 ] }, { "date": "2025-08-08", "close": 71.314423, "volume": 361074, "typical_volume": 750488.5, "trend": 75.582897, "fair_value": 71.641313, "relative_strength": -22.367976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.292374, "energy": 22.509133, "activity_lines": [ 74.035957, 74.992235, 75.435726, 74.735636 ] }, { "date": "2025-08-15", "close": 75.519997, "volume": 345127, "typical_volume": 713675.1, "trend": 75.078387, "fair_value": 71.829971, "relative_strength": -18.326376, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.856199, "energy": 15.539367, "activity_lines": [ 74.139215, 74.959389, 75.564, 74.731578 ] }, { "date": "2025-08-22", "close": 86.239998, "volume": 3500461, "typical_volume": 865762.5, "trend": 74.962788, "fair_value": 72.077882, "relative_strength": -7.274434, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.075848, "energy": 36.682119, "activity_lines": [ 77.961066, 76.972841, 76.668577, 75.451682 ] }, { "date": "2025-08-29", "close": 86.559998, "volume": 5143554, "typical_volume": 1103721.55, "trend": 74.843384, "fair_value": 72.317199, "relative_strength": -4.976409, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.663204, "energy": 61.427629, "activity_lines": [ 81.343199, 78.852223, 77.713197, 76.199889 ] }, { "date": "2025-09-05", "close": 88.730003, "volume": 1854796, "typical_volume": 1182514.45, "trend": 74.85815, "fair_value": 72.567513, "relative_strength": -3.064511, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.105734, "energy": 74.225423, "activity_lines": [ 84.730961, 80.892916, 78.869895, 77.0958 ] }, { "date": "2025-09-12", "close": 91.5, "volume": 4733345, "typical_volume": 1377787.25, "trend": 75.457652, "fair_value": 72.838596, "relative_strength": -0.782114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.411814, "energy": 80.844069, "activity_lines": [ 88.006667, 83.152533, 80.20733, 78.169468 ] }, { "date": "2025-09-19", "close": 90.269997, "volume": 864624, "typical_volume": 1406037.05, "trend": 76.071085, "fair_value": 73.100288, "relative_strength": -2.422224, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.070467, "energy": 79.057846, "activity_lines": [ 89.526666, 84.936149, 81.333004, 79.125103 ] }, { "date": "2025-09-26", "close": 103.610001, "volume": 23715980, "typical_volume": 2576690.7, "trend": 77.265031, "fair_value": 73.454121, "relative_strength": 15.218899, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.594874, "energy": 88.05387, "activity_lines": [ 94.51, 88.916654, 83.638232, 80.901807 ] }, { "date": "2025-10-03", "close": 105.330002, "volume": 10566233, "typical_volume": 3070065.1, "trend": 78.401186, "fair_value": 73.810845, "relative_strength": 16.419827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.860672, "energy": 88.279607, "activity_lines": [ 98.908667, 92.745055, 85.938256, 82.712451 ] }, { "date": "2025-10-10", "close": 98.489998, "volume": 3113409, "typical_volume": 3204291.4, "trend": 79.380389, "fair_value": 74.133665, "relative_strength": 7.883683, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.479795, "energy": 77.339399, "activity_lines": [ 99.776, 94.792807, 87.467868, 84.008503 ] }, { "date": "2025-10-17", "close": 91.709999, "volume": 1839116, "typical_volume": 3255176.35, "trend": 80.047413, "fair_value": 74.425378, "relative_strength": -0.069043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.663731, "energy": 55.785889, "activity_lines": [ 97.732666, 95.148, 88.272918, 84.803962 ] }, { "date": "2025-10-24", "close": 91.349998, "volume": 682149, "typical_volume": 3252612.1, "trend": 80.887623, "fair_value": 74.708756, "relative_strength": -0.018733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.388588, "energy": 44.61642, "activity_lines": [ 95.555332, 95.066908, 88.996887, 85.533161 ] }, { "date": "2025-10-31", "close": 93.339996, "volume": 1165905, "typical_volume": 3259912.95, "trend": 81.757326, "fair_value": 75.006096, "relative_strength": 3.404098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.252135, "energy": 28.149059, "activity_lines": [ 93.969331, 95.059817, 89.860458, 86.33654 ] }, { "date": "2025-11-07", "close": 87.690002, "volume": 661814, "typical_volume": 3267696.05, "trend": 82.457116, "fair_value": 75.266616, "relative_strength": -0.932511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.278391, "energy": 22.8776, "activity_lines": [ 91.184666, 93.896363, 90.101772, 86.719293 ] }, { "date": "2025-11-14", "close": 88.309998, "volume": 996078, "typical_volume": 3264598.55, "trend": 83.024622, "fair_value": 75.533219, "relative_strength": -1.106201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.661021, "energy": 21.1106, "activity_lines": [ 89.782665, 92.82509, 90.335668, 87.096898 ] }, { "date": "2025-11-21", "close": 84.800003, "volume": 1173312, "typical_volume": 3260886.45, "trend": 83.463615, "fair_value": 75.773706, "relative_strength": -5.089777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.027299, "energy": 17.561082, "activity_lines": [ 87.889334, 91.123272, 90.162711, 87.211439 ] }, { "date": "2025-11-28", "close": 83.82, "volume": 1109432, "typical_volume": 3164176.1, "trend": 83.885073, "fair_value": 75.998873, "relative_strength": -6.034242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.512184, "energy": 15.561319, "activity_lines": [ 86.13, 89.365091, 89.862229, 87.234432 ] }, { "date": "2025-12-05", "close": 80.129997, "volume": 447823, "typical_volume": 3156249.05, "trend": 84.285497, "fair_value": 76.207918, "relative_strength": -9.412139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.280103, "energy": 28.225584, "activity_lines": [ 83.642666, 87.053272, 89.181171, 86.992169 ] }, { "date": "2025-12-12", "close": 79.239998, "volume": 676980, "typical_volume": 3169527.95, "trend": 84.248716, "fair_value": 76.411258, "relative_strength": -9.294776, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.10449, "energy": 42.545639, "activity_lines": [ 81.739332, 85.006544, 88.405418, 86.666653 ] }, { "date": "2025-12-19", "close": 78.68, "volume": 250446, "typical_volume": 3160082.9, "trend": 84.140311, "fair_value": 76.647464, "relative_strength": -9.057377, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.010515, "energy": 50.515607, "activity_lines": [ 80.212666, 83.332363, 87.559925, 86.307381 ] }, { "date": "2025-12-26", "close": 79.870003, "volume": 471314, "typical_volume": 3165594.9, "trend": 84.073217, "fair_value": 76.869907, "relative_strength": -7.384406, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.948644, "energy": 53.213383, "activity_lines": [ 79.724667, 82.234727, 86.801666, 86.031877 ] }, { "date": "2026-01-02", "close": 83.419998, "volume": 871487, "typical_volume": 3191912.9, "trend": 84.158336, "fair_value": 77.10426, "relative_strength": -3.714529, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.471903, "energy": 38.316052, "activity_lines": [ 80.748666, 81.997818, 86.340761, 85.989734 ] }, { "date": "2026-01-09", "close": 75.279999, "volume": 516351, "typical_volume": 3042707.4, "trend": 84.145465, "fair_value": 77.285831, "relative_strength": -10.431185, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.881992, "energy": 44.38901, "activity_lines": [ 79.086, 80.42509, 85.066999, 85.416938 ] }, { "date": "2026-01-16", "close": 74.410004, "volume": 273786, "typical_volume": 2799219.0, "trend": 84.168064, "fair_value": 77.463934, "relative_strength": -10.975443, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.136532, "energy": 51.774598, "activity_lines": [ 77.456668, 79.022546, 83.762571, 84.788843 ] }, { "date": "2026-01-23", "close": 70.139999, "volume": 328405, "typical_volume": 2722899.45, "trend": 84.070368, "fair_value": 77.630032, "relative_strength": -13.365436, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.511639, "energy": 72.046862, "activity_lines": [ 74.726, 77.085091, 82.109333, 83.883807 ] }, { "date": "2026-01-30", "close": 71.879997, "volume": 217075, "typical_volume": 2497085.95, "trend": 83.879036, "fair_value": 77.812405, "relative_strength": -11.646567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.063338, "energy": 77.551475, "activity_lines": [ 73.144666, 75.794363, 80.710333, 83.097331 ] }, { "date": "2026-02-06", "close": 74.949997, "volume": 272930, "typical_volume": 2467501.25, "trend": 83.787407, "fair_value": 78.016265, "relative_strength": -8.757156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.088752, "energy": 71.624469, "activity_lines": [ 73.119332, 75.296726, 79.697142, 82.521264 ] }, { "date": "2026-02-13", "close": 85.099998, "volume": 2336514, "typical_volume": 1398527.95, "trend": 84.022599, "fair_value": 78.294529, "relative_strength": 4.419949, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.273587, "energy": 30.093187, "activity_lines": [ 77.041998, 76.805817, 79.723571, 82.605948 ] }, { "date": "2026-02-20", "close": 80.769997, "volume": 798803, "typical_volume": 910156.45, "trend": 84.188452, "fair_value": 78.561609, "relative_strength": -1.284789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.467981, "energy": 19.846797, "activity_lines": [ 78.866664, 77.437271, 79.425761, 82.396102 ] }, { "date": "2026-02-27", "close": 82.269997, "volume": 529572, "typical_volume": 780964.6, "trend": 84.490813, "fair_value": 78.841015, "relative_strength": 1.991616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.575856, "energy": 23.821558, "activity_lines": [ 80.767331, 78.313634, 79.387761, 82.272331 ] }, { "date": "2026-03-06", "close": 76.080002, "volume": 434250, "typical_volume": 710721.3, "trend": 84.649666, "fair_value": 79.074114, "relative_strength": -2.845497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.804582, "energy": 25.532797, "activity_lines": [ 79.795999, 77.999271, 78.837475, 81.729698 ] }, { "date": "2026-03-13", "close": 75.879997, "volume": 691617, "typical_volume": 711194.7, "trend": 84.661666, "fair_value": 79.318283, "relative_strength": 2.219829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.900055, "energy": 18.421275, "activity_lines": [ 78.477998, 77.717453, 78.34257, 81.163913 ] }, { "date": "2026-03-20", "close": 74.139999, "volume": 365771, "typical_volume": 671188.0, "trend": 84.258333, "fair_value": 79.563652, "relative_strength": -0.048108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.84705, "energy": 30.350244, "activity_lines": [ 76.517999, 77.256362, 77.755618, 80.485096 ] }, { "date": "2026-03-27", "close": 70.639999, "volume": 371263, "typical_volume": 656660.45, "trend": 83.727666, "fair_value": 79.797732, "relative_strength": -3.6994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.812065, "energy": 49.214018, "activity_lines": [ 74.121999, 76.179635, 76.926761, 79.606494 ] }, { "date": "2026-04-03", "close": 72.209999, "volume": 345580, "typical_volume": 624135.55, "trend": 83.176999, "fair_value": 80.014158, "relative_strength": -1.241166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.549822, "energy": 52.987468, "activity_lines": [ 72.924666, 75.456908, 76.328618, 78.863418 ] }, { "date": "2026-04-10", "close": 79.860001, "volume": 656839, "typical_volume": 598311.9, "trend": 82.788999, "fair_value": 80.280827, "relative_strength": 2.902233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.866673, "energy": 31.919272, "activity_lines": [ 74.948, 76.087454, 76.535713, 78.649418 ] }, { "date": "2026-04-17", "close": 81.699997, "volume": 565399, "typical_volume": 571110.25, "trend": 82.503332, "fair_value": 80.559291, "relative_strength": 3.737242, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.354796, "energy": 12.203402, "activity_lines": [ 77.332666, 76.907453, 76.94157, 78.57916 ] }, { "date": "2026-04-24", "close": 79.279999, "volume": 417200, "typical_volume": 569579.1, "trend": 81.692332, "fair_value": 80.808986, "relative_strength": 2.37799, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.026753, "energy": 10.818727, "activity_lines": [ 78.522666, 77.164726, 77.127046, 78.371203 ] }, { "date": "2026-05-01", "close": 80.790001, "volume": 374785, "typical_volume": 554469.35, "trend": 80.874332, "fair_value": 81.068058, "relative_strength": 3.622392, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.179968, "energy": 14.586924, "activity_lines": [ 79.873333, 77.802363, 77.46038, 78.312988 ] }, { "date": "2026-05-08", "close": 85.349998, "volume": 894190, "typical_volume": 586656.55, "trend": 80.436332, "fair_value": 81.350034, "relative_strength": 8.218448, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.857394, "energy": 26.344284, "activity_lines": [ 82.067332, 79.268726, 78.220618, 78.601741 ] }, { "date": "2026-05-15", "close": 89.610001, "volume": 6114464, "typical_volume": 868814.05, "trend": 80.366332, "fair_value": 81.657209, "relative_strength": 15.784445, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.494957, "energy": 56.29552, "activity_lines": [ 84.805333, 81.453636, 79.354809, 79.193591 ] }, { "date": "2026-05-22", "close": 89.860001, "volume": 841191, "typical_volume": 867299.25, "trend": 80.316666, "fair_value": 81.94821, "relative_strength": 15.402969, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.333761, "energy": 62.77146, "activity_lines": [ 86.976667, 83.438, 80.466428, 79.806085 ] }, { "date": "2026-05-29", "close": 90.099998, "volume": 2305940, "typical_volume": 956778.7, "trend": 80.208666, "fair_value": 82.223576, "relative_strength": 16.201585, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.211482, "energy": 72.589675, "activity_lines": [ 88.684, 85.211818, 81.570237, 80.437268 ] }, { "date": "2026-06-05", "close": 96.279999, "volume": 2122594, "typical_volume": 1049219.1, "trend": 80.494999, "fair_value": 82.519877, "relative_strength": 24.489755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.992051, "energy": 79.816632, "activity_lines": [ 91.729999, 87.81909, 83.192047, 81.474128 ] }, { "date": "2026-06-12", "close": 97.940002, "volume": 973879, "typical_volume": 1081492.8, "trend": 80.815999, "fair_value": 82.82953, "relative_strength": 24.478077, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.24353, "energy": 82.988496, "activity_lines": [ 94.296667, 90.262, 84.867809, 82.599612 ] }, { "date": "2026-06-19", "close": 98.529999, "volume": 287280, "typical_volume": 1085003.05, "trend": 81.273666, "fair_value": 83.145979, "relative_strength": 22.368467, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.714446, "energy": 83.176036, "activity_lines": [ 96.220666, 92.344363, 86.46738, 83.742451 ] }, { "date": "2026-06-26", "close": 94.160004, "volume": 0, "typical_volume": 1071356.55, "trend": 81.618333, "fair_value": 83.436222, "relative_strength": 16.024584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.644093, "energy": 75.556656, "activity_lines": [ 96.093335, 93.292728, 87.523857, 84.573828 ] }, { "date": "2026-07-03", "close": 99.389999, "volume": 742284, "typical_volume": 991645.05, "trend": 82.260333, "fair_value": 83.745529, "relative_strength": 20.665113, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.747888, "energy": 70.060903, "activity_lines": [ 97.422667, 94.965455, 88.986952, 85.720387 ] }, { "date": "2026-07-10", "close": 101.330002, "volume": 48963625, "typical_volume": 3399886.15, "trend": 82.996666, "fair_value": 84.062752, "relative_strength": 22.583676, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.907549, "energy": 56.525076, "activity_lines": [ 98.779335, 96.625273, 90.566762, 86.950688 ] }, { "date": "2026-07-17", "close": 103.790001, "volume": 5170855, "typical_volume": 3631950.3, "trend": 83.833666, "fair_value": 84.384597, "relative_strength": 24.105917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.953028, "energy": 56.195737, "activity_lines": [ 100.619334, 98.35891, 92.282953, 88.292193 ] }, { "date": "2026-07-24", "close": 99.769997, "volume": 1288884, "typical_volume": 3674682.0, "trend": 84.496999, "fair_value": 84.686397, "relative_strength": 21.365972, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.616167, "energy": 50.791022, "activity_lines": [ 100.729333, 99.026364, 93.51381, 89.320344 ] }, { "date": "2026-07-31", "close": 101.339996, "volume": 1894237, "typical_volume": 3734813.0, "trend": 85.094333, "fair_value": 84.996454, "relative_strength": 19.379973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.808721, "energy": 48.426369, "activity_lines": [ 101.279998, 99.794545, 94.781381, 90.406989 ] }, { "date": "2026-08-07", "close": 102.459999, "volume": 1245691, "typical_volume": 3778809.0, "trend": 86.000333, "fair_value": 85.284163, "relative_strength": 18.963739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.345818, "energy": 47.624723, "activity_lines": [ 101.725332, 100.557636, 96.034381, 91.527354 ] } ], "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." } } }