{ "ticker": { "uuid": "bc2b1f4c-a717-4aca-838e-b3bcdd8f5f0e", "symbol": "2381", "name": "Arabian Drilling Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -63.155, "architecture_energy": 50.607, "architecture_maturity": 10.881, "architecture_confidence": 55.632, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 40.68, "rotation_up": 6.25, "upward_expansion": 11.77, "deceleration": 53.06, "rotation_down": 69.01, "downward_expansion": 68.44 }, "activity_lines": [ 84.769998, 87.475454, 88.076666, 87.871397 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 81.699997, "trend_reference": 89.388333, "distance_from_trend": -0.086011, "trend_direction": "Weakening", "fair_value": 115.995962, "distance_from_fair_value": -0.295665, "fair_value_direction": "Weakening", "relative_strength": -5.395934, "relative_strength_direction": "Weakening", "price_momentum": -0.179719, "excess_performance": -0.147889, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.086011, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.023896, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.295665, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.037089, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.053959, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.09798, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.179719, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.921315, "read": "Supply-led" } ], "volume": { "latest": 298451, "relative_activity": 0.451255, "balance": 0.921315, "dry_up": 0.697389, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.04896, "annualized_volatility": 0.300049, "from_high_reference": -0.236449, "from_low_reference": 0.132363 }, "levels": { "trend_reference": 89.388333, "fair_value_reference": 115.995962, "structural_low": 76.449997, "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": 2, "median_return": 0.032062, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.028473, "regime_survival": 0.5, "best_return": 0.088146, "worst_return": -0.024022, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.139818, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.123842, "regime_survival": 0.0, "best_return": 0.139818, "worst_return": 0.139818, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-31", "end": "2024-12-13", "tenure": "Extended", "return": -0.114509, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": -0.037234, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-10-24", "tenure": "Extended", "return": -0.295295, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": 0.054207, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-28", "end": "2026-02-20", "tenure": "Established", "return": -0.033243, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.085651, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.090577, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-03", "tenure": "Developing", "return": 0.046938, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": -0.024031, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-07-24", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.012392, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 175.647476, "volume": 2310324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 167.508621, "volume": 993036, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 178.297318, "volume": 1251839, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 177.350952, "volume": 455802, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 175.647476, "volume": 954673, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 155.96286, "volume": 1100531, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 174.890381, "volume": 1559384, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 188.328918, "volume": 1679339, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 177.918793, "volume": 1252291, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 172.429794, "volume": 1381165, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 169.401398, "volume": 1481421, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 166.372986, "volume": 1475491, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 158.612701, "volume": 795772, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 169.968704, "volume": 656550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 179.763504, "volume": 1412684, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 174.001862, "volume": 890904, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 172.849533, "volume": 670120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 168.048157, "volume": 454302, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 185.141068, "volume": 1861214, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 184.756943, "volume": 986326, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 176.498581, "volume": 690584, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 181.684052, "volume": 780857, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 182.836395, "volume": 600545, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 197.048462, "volume": 1461070, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 198.008743, "volume": 779897, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 194.935852, "volume": 1133220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 166.703781, "volume": 6693393, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 162.286499, "volume": 2149192, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 169.008438, "volume": 3498348, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 168.624329, "volume": 1460182, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 168.816376, "volume": 1655128, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 164.783218, "volume": 1280520, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 176.690643, "volume": 3434824, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 170.030258, "volume": 2166898, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 165.550644, "volume": 970327, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 157.565262, "volume": 888454, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 153.085648, "volume": 646248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 148.021759, "volume": 863096, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 148.021759, "volume": 556648, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 149.969406, "volume": 1531170, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 134.972473, "volume": 1265866, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 132.635269, "volume": 982275, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 131.077164, "volume": 818266, "typical_volume": 1711751.1, "trend": 167.779493, "fair_value": 152.380643, "relative_strength": -20.058553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.864637, "energy": 92.874605, "activity_lines": [ 135.920326, 142.699345, 153.375185, 160.537512 ] }, { "date": "2024-06-07", "close": 123.481308, "volume": 1821312, "typical_volume": 1729763.2, "trend": 166.229913, "fair_value": 152.023861, "relative_strength": -24.790781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.723296, "energy": 94.755978, "activity_lines": [ 130.63569, 138.04268, 149.621805, 157.679564 ] }, { "date": "2024-06-14", "close": 125.818489, "volume": 1537332, "typical_volume": 1767634.95, "trend": 164.431746, "fair_value": 151.704284, "relative_strength": -22.736122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.037144, "energy": 89.441549, "activity_lines": [ 127.766145, 134.657302, 146.441333, 155.072376 ] }, { "date": "2024-06-28", "close": 131.271927, "volume": 1441918, "typical_volume": 1783069.85, "trend": 163.007415, "fair_value": 151.458111, "relative_strength": -20.774142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.891988, "energy": 74.868767, "activity_lines": [ 128.324474, 132.985861, 144.124, 152.933033 ] }, { "date": "2024-07-05", "close": 128.15567, "volume": 963760, "typical_volume": 1496588.2, "trend": 161.517619, "fair_value": 151.180701, "relative_strength": -21.972539, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.265387, "energy": 66.198456, "activity_lines": [ 128.090754, 131.225888, 141.813041, 150.684533 ] }, { "date": "2024-07-12", "close": 129.908569, "volume": 1206186, "typical_volume": 1449437.9, "trend": 160.246299, "fair_value": 150.93044, "relative_strength": -21.620249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.69278, "energy": 62.82847, "activity_lines": [ 128.739973, 130.237896, 139.852588, 148.645239 ] }, { "date": "2024-07-19", "close": 136.725342, "volume": 2257798, "typical_volume": 1387410.4, "trend": 158.632442, "fair_value": 150.765265, "relative_strength": -19.940929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.745432, "energy": 50.061384, "activity_lines": [ 131.739356, 130.818649, 138.695532, 147.127758 ] }, { "date": "2024-07-26", "close": 130.687622, "volume": 1054825, "typical_volume": 1367142.55, "trend": 156.830131, "fair_value": 150.534487, "relative_strength": -22.189581, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.344061, "energy": 46.008972, "activity_lines": [ 131.84323, 130.507023, 137.117184, 145.324867 ] }, { "date": "2024-08-02", "close": 124.844658, "volume": 1411184, "typical_volume": 1354945.35, "trend": 155.108334, "fair_value": 150.242557, "relative_strength": -25.522907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.958512, "energy": 49.859822, "activity_lines": [ 129.674841, 129.483619, 135.163014, 143.261288 ] }, { "date": "2024-08-09", "close": 116.658821, "volume": 1890709, "typical_volume": 1385454.8, "trend": 152.940826, "fair_value": 149.865212, "relative_strength": -27.81589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.455765, "energy": 60.141444, "activity_lines": [ 125.206324, 127.156022, 132.63863, 140.780674 ] }, { "date": "2024-08-16", "close": 116.461761, "volume": 1659117, "typical_volume": 1296669.45, "trend": 150.728338, "fair_value": 149.494063, "relative_strength": -28.877653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.031019, "energy": 64.633608, "activity_lines": [ 121.438577, 125.083077, 130.324642, 138.427186 ] }, { "date": "2024-08-23", "close": 119.220589, "volume": 3443094, "typical_volume": 1360479.25, "trend": 148.134076, "fair_value": 149.161387, "relative_strength": -28.371348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.93497, "energy": 71.174676, "activity_lines": [ 119.486893, 123.777472, 128.560204, 136.394428 ] }, { "date": "2024-08-30", "close": 115.870583, "volume": 2684181, "typical_volume": 1446171.95, "trend": 145.396137, "fair_value": 148.79953, "relative_strength": -29.502693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.280879, "energy": 74.354684, "activity_lines": [ 117.585524, 121.940243, 126.718668, 134.312912 ] }, { "date": "2024-09-06", "close": 116.264702, "volume": 2093301, "typical_volume": 1506414.3, "trend": 142.773766, "fair_value": 148.449694, "relative_strength": -28.391444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.334616, "energy": 64.61405, "activity_lines": [ 116.80333, 120.355543, 125.15124, 132.433465 ] }, { "date": "2024-09-13", "close": 112.126472, "volume": 1457759, "typical_volume": 1546989.85, "trend": 140.954522, "fair_value": 148.063276, "relative_strength": -28.848696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.959287, "energy": 63.800387, "activity_lines": [ 115.213724, 118.291295, 123.386363, 130.45622 ] }, { "date": "2024-09-20", "close": 110.352936, "volume": 1913564, "typical_volume": 1599513.25, "trend": 139.223403, "fair_value": 147.666325, "relative_strength": -30.876639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.689508, "energy": 65.673458, "activity_lines": [ 113.335095, 116.196027, 121.647622, 128.481924 ] }, { "date": "2024-09-27", "close": 115.870583, "volume": 2829228, "typical_volume": 1713142.25, "trend": 137.452141, "fair_value": 147.33512, "relative_strength": -28.486706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.046548, "energy": 58.805262, "activity_lines": [ 113.702937, 115.459524, 120.613747, 126.975291 ] }, { "date": "2024-10-04", "close": 109.367645, "volume": 1625535, "typical_volume": 1717860.5, "trend": 135.476919, "fair_value": 146.943702, "relative_strength": -29.311496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.255613, "energy": 61.803193, "activity_lines": [ 112.126467, 113.919846, 119.113644, 125.163388 ] }, { "date": "2024-10-11", "close": 104.441177, "volume": 2651080, "typical_volume": 1787121.2, "trend": 133.331079, "fair_value": 146.510003, "relative_strength": -31.955235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.036528, "energy": 64.340853, "activity_lines": [ 109.341371, 111.872083, 117.337697, 123.161082 ] }, { "date": "2024-10-18", "close": 104.638229, "volume": 1713146, "typical_volume": 1823664.75, "trend": 131.326246, "fair_value": 146.087056, "relative_strength": -30.575639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.168963, "energy": 64.431057, "activity_lines": [ 107.410193, 110.23112, 115.725903, 121.30993 ] }, { "date": "2024-10-25", "close": 106.805885, "volume": 3623589, "typical_volume": 1963930.9, "trend": 128.996754, "fair_value": 145.694244, "relative_strength": -28.24518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.345108, "energy": 59.776164, "activity_lines": [ 106.700783, 109.202832, 114.453872, 119.727971 ] }, { "date": "2024-11-01", "close": 108.382355, "volume": 1974055, "typical_volume": 1971568.05, "trend": 126.941824, "fair_value": 145.32482, "relative_strength": -27.272984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.318741, "energy": 56.890166, "activity_lines": [ 106.753333, 108.636737, 113.447558, 118.39801 ] }, { "date": "2024-11-08", "close": 108.579407, "volume": 1891024, "typical_volume": 1989252.65, "trend": 125.042782, "fair_value": 144.964571, "relative_strength": -27.082496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.058838, "energy": 53.399038, "activity_lines": [ 107.370783, 108.303528, 112.531911, 117.213338 ] }, { "date": "2024-11-15", "close": 112.323524, "volume": 3381580, "typical_volume": 2086235.75, "trend": 123.534724, "fair_value": 144.647667, "relative_strength": -21.642195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.64847, "energy": 36.919446, "activity_lines": [ 109.288821, 108.783634, 112.054937, 116.392741 ] }, { "date": "2024-11-22", "close": 108.776474, "volume": 959698, "typical_volume": 2086032.65, "trend": 122.057752, "fair_value": 144.302752, "relative_strength": -23.538376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.860233, "energy": 31.431767, "activity_lines": [ 109.499019, 108.69048, 111.33038, 115.440596 ] }, { "date": "2024-11-29", "close": 110.549995, "volume": 1603641, "typical_volume": 2105905.4, "trend": 120.808693, "fair_value": 143.981297, "relative_strength": -20.16911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.587914, "energy": 25.605989, "activity_lines": [ 110.024507, 108.980693, 110.867011, 114.69816 ] }, { "date": "2024-12-06", "close": 113.111763, "volume": 1288169, "typical_volume": 2057423.95, "trend": 119.645027, "fair_value": 143.690075, "relative_strength": -19.511388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.653707, "energy": 18.728709, "activity_lines": [ 111.154311, 109.7331, 110.739804, 114.201584 ] }, { "date": "2024-12-13", "close": 116.06765, "volume": 2669001, "typical_volume": 2138132.75, "trend": 118.514968, "fair_value": 143.431921, "relative_strength": -17.821109, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.100645, "energy": 10.540008, "activity_lines": [ 112.954117, 111.073101, 111.006556, 113.970785 ] }, { "date": "2024-12-20", "close": 111.141174, "volume": 1254603, "typical_volume": 2130303.7, "trend": 117.720591, "fair_value": 143.132933, "relative_strength": -18.986268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.130191, "energy": 13.582828, "activity_lines": [ 112.612548, 111.39556, 110.873738, 113.495056 ] }, { "date": "2024-12-27", "close": 110.155884, "volume": 706217, "typical_volume": 2071079.1, "trend": 116.971279, "fair_value": 142.830391, "relative_strength": -18.569323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.172732, "energy": 13.708605, "activity_lines": [ 112.021372, 111.417058, 110.712338, 113.007011 ] }, { "date": "2025-01-03", "close": 109.958824, "volume": 1023551, "typical_volume": 2039300.8, "trend": 116.267334, "fair_value": 142.531559, "relative_strength": -19.519781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.135537, "energy": 14.779518, "activity_lines": [ 111.272549, 111.302406, 110.563136, 112.554594 ] }, { "date": "2025-01-10", "close": 105.229416, "volume": 1442849, "typical_volume": 1939288.55, "trend": 115.658938, "fair_value": 142.195504, "relative_strength": -22.084236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.480054, "energy": 37.704176, "activity_lines": [ 108.986668, 110.270535, 109.994481, 111.842471 ] }, { "date": "2025-01-17", "close": 107.002937, "volume": 1247140, "typical_volume": 1867436.5, "trend": 115.031752, "fair_value": 141.881284, "relative_strength": -20.933198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.376749, "energy": 49.149098, "activity_lines": [ 107.817451, 109.618449, 109.661358, 111.284019 ] }, { "date": "2025-01-24", "close": 106.214706, "volume": 1228158, "typical_volume": 1824179.35, "trend": 114.196512, "fair_value": 141.565651, "relative_strength": -21.084527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.491463, "energy": 58.062066, "activity_lines": [ 106.989804, 108.851711, 109.295392, 110.715177 ] }, { "date": "2025-01-31", "close": 104.638229, "volume": 988509, "typical_volume": 1800716.85, "trend": 113.412597, "fair_value": 141.241726, "relative_strength": -21.514403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.175244, "energy": 66.035045, "activity_lines": [ 105.965096, 107.909411, 108.827142, 110.098514 ] }, { "date": "2025-02-07", "close": 104.835297, "volume": 1282464, "typical_volume": 1769161.85, "trend": 112.576821, "fair_value": 140.925148, "relative_strength": -20.397967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.256116, "energy": 61.273762, "activity_lines": [ 105.373921, 107.078181, 108.413319, 109.54514 ] }, { "date": "2025-02-14", "close": 103.849998, "volume": 895210, "typical_volume": 1672460.95, "trend": 111.480977, "fair_value": 140.605535, "relative_strength": -20.022684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.413068, "energy": 63.593078, "activity_lines": [ 104.795881, 106.17171, 107.931932, 108.982119 ] }, { "date": "2025-02-21", "close": 101.87941, "volume": 827789, "typical_volume": 1632573.65, "trend": 110.520703, "fair_value": 140.274543, "relative_strength": -20.82317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.4939, "energy": 68.491715, "activity_lines": [ 103.65294, 105.075347, 107.320111, 108.362663 ] }, { "date": "2025-02-28", "close": 98.726463, "volume": 998870, "typical_volume": 1549963.15, "trend": 109.650096, "fair_value": 139.92244, "relative_strength": -20.73306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.63119, "energy": 78.164636, "activity_lines": [ 101.800585, 103.663688, 106.443668, 107.601744 ] }, { "date": "2025-03-07", "close": 89.169113, "volume": 1773131, "typical_volume": 1552962.4, "trend": 108.733773, "fair_value": 139.495942, "relative_strength": -25.778732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.976252, "energy": 95.268169, "activity_lines": [ 97.261663, 100.740051, 104.684214, 106.28039 ] }, { "date": "2025-03-14", "close": 90.450005, "volume": 2250189, "typical_volume": 1484292.4, "trend": 107.866714, "fair_value": 139.087225, "relative_strength": -23.346276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.978383, "energy": 94.805023, "activity_lines": [ 94.180979, 98.430881, 103.120412, 105.100793 ] }, { "date": "2025-03-21", "close": 93.199997, "volume": 669949, "typical_volume": 1419087.1, "trend": 106.999361, "fair_value": 138.707992, "relative_strength": -20.460269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.115359, "energy": 88.008112, "activity_lines": [ 92.975979, 96.976415, 101.896399, 104.154553 ] }, { "date": "2025-03-28", "close": 95.800003, "volume": 456972, "typical_volume": 1347384.5, "trend": 106.330342, "fair_value": 138.356287, "relative_strength": -19.117881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.498142, "energy": 86.421814, "activity_lines": [ 93.347647, 96.213395, 100.992303, 103.432013 ] }, { "date": "2025-04-04", "close": 93.300003, "volume": 166057, "typical_volume": 1186608.35, "trend": 105.564852, "fair_value": 137.989976, "relative_strength": -19.436012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.011792, "energy": 66.879377, "activity_lines": [ 93.291276, 95.199519, 99.910966, 102.591346 ] }, { "date": "2025-04-11", "close": 87.800003, "volume": 2060055, "typical_volume": 1241626.2, "trend": 104.753969, "fair_value": 137.585218, "relative_strength": -20.814015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.120487, "energy": 64.879329, "activity_lines": [ 91.763336, 93.420455, 98.396407, 101.445227 ] }, { "date": "2025-04-18", "close": 89.099998, "volume": 695565, "typical_volume": 1196222.4, "trend": 104.045538, "fair_value": 137.197336, "relative_strength": -19.236883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.537174, "energy": 61.030646, "activity_lines": [ 90.760001, 92.183904, 97.105546, 100.435294 ] }, { "date": "2025-04-25", "close": 86.900002, "volume": 713297, "typical_volume": 1167478.8, "trend": 103.079852, "fair_value": 136.798151, "relative_strength": -21.882307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.088802, "energy": 65.306811, "activity_lines": [ 89.113335, 90.83345, 95.707304, 99.32913 ] }, { "date": "2025-05-02", "close": 85.400002, "volume": 1072756, "typical_volume": 1087666.55, "trend": 102.280931, "fair_value": 136.393441, "relative_strength": -21.01089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.082516, "energy": 68.389313, "activity_lines": [ 87.386668, 89.51845, 94.291022, 98.188494 ] }, { "date": "2025-05-09", "close": 83.5, "volume": 927490, "typical_volume": 1071310.9, "trend": 101.582892, "fair_value": 135.980211, "relative_strength": -20.794052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.01634, "energy": 78.51767, "activity_lines": [ 85.720001, 88.157621, 92.839825, 96.976821 ] }, { "date": "2025-05-16", "close": 84.199997, "volume": 904936, "typical_volume": 1081246.85, "trend": 100.901617, "fair_value": 135.578814, "relative_strength": -20.163972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.314398, "energy": 73.485578, "activity_lines": [ 84.94, 87.20091, 91.586919, 95.855344 ] }, { "date": "2025-05-23", "close": 82.599998, "volume": 481763, "typical_volume": 1054157.45, "trend": 100.094754, "fair_value": 135.171285, "relative_strength": -18.982171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.952435, "energy": 71.827139, "activity_lines": [ 83.866666, 86.043636, 90.305231, 94.674595 ] }, { "date": "2025-05-30", "close": 84.199997, "volume": 1681579, "typical_volume": 1066093.95, "trend": 99.288676, "fair_value": 134.782191, "relative_strength": -15.315633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.446983, "energy": 60.443427, "activity_lines": [ 83.759998, 85.319999, 89.306204, 93.649127 ] }, { "date": "2025-06-06", "close": 83.599998, "volume": 623124, "typical_volume": 1034893.15, "trend": 98.456029, "fair_value": 134.394447, "relative_strength": -15.34356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.302298, "energy": 59.867826, "activity_lines": [ 83.633331, 84.650908, 88.350174, 92.636954 ] }, { "date": "2025-06-13", "close": 77.699997, "volume": 534991, "typical_volume": 1000234.8, "trend": 97.301911, "fair_value": 133.968173, "relative_strength": -19.524766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.859438, "energy": 68.032546, "activity_lines": [ 81.659997, 83.130907, 86.943683, 91.297855 ] }, { "date": "2025-06-20", "close": 72.5, "volume": 705406, "typical_volume": 986079.65, "trend": 96.092695, "fair_value": 133.509456, "relative_strength": -22.594427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.810295, "energy": 81.749451, "activity_lines": [ 78.339998, 80.949089, 85.177737, 89.697732 ] }, { "date": "2025-06-27", "close": 80.5, "volume": 930890, "typical_volume": 968500.95, "trend": 95.091029, "fair_value": 133.116793, "relative_strength": -16.896719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.725718, "energy": 63.764465, "activity_lines": [ 78.466666, 80.499999, 84.326736, 88.691751 ] }, { "date": "2025-07-04", "close": 82.0, "volume": 1270523, "typical_volume": 987266.6, "trend": 94.05397, "fair_value": 132.740934, "relative_strength": -15.991582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.056319, "energy": 56.063463, "activity_lines": [ 79.233333, 80.479999, 83.734474, 87.847169 ] }, { "date": "2025-07-11", "close": 87.800003, "volume": 2122118, "typical_volume": 1051983.05, "trend": 93.111715, "fair_value": 132.412898, "relative_strength": -9.661921, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.388057, "energy": 38.2716, "activity_lines": [ 82.080001, 81.603636, 83.798641, 87.443687 ] }, { "date": "2025-07-18", "close": 87.5, "volume": 1011394, "typical_volume": 1052609.25, "trend": 92.323676, "fair_value": 132.087442, "relative_strength": -7.085179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.535942, "energy": 24.327523, "activity_lines": [ 84.546667, 82.629091, 83.901281, 87.081641 ] }, { "date": "2025-07-25", "close": 84.349998, "volume": 532047, "typical_volume": 990555.05, "trend": 91.46348, "fair_value": 131.744008, "relative_strength": -9.284989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.611555, "energy": 24.671218, "activity_lines": [ 85.31, 83.009091, 83.757381, 86.56721 ] }, { "date": "2025-08-01", "close": 75.099998, "volume": 2022247, "typical_volume": 979157.95, "trend": 90.301519, "fair_value": 131.339407, "relative_strength": -18.400015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.576046, "energy": 25.823436, "activity_lines": [ 82.199999, 81.704545, 82.755476, 85.511502 ] }, { "date": "2025-08-08", "close": 76.849998, "volume": 1072855, "typical_volume": 999303.25, "trend": 89.355538, "fair_value": 130.952958, "relative_strength": -16.006331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.138404, "energy": 37.839555, "activity_lines": [ 80.033332, 80.854545, 81.993333, 84.643662 ] }, { "date": "2025-08-15", "close": 73.699997, "volume": 616401, "typical_volume": 1007274.7, "trend": 88.24544, "fair_value": 130.549768, "relative_strength": -18.171472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.933277, "energy": 58.77426, "activity_lines": [ 77.159998, 79.565453, 81.009047, 83.633627 ] }, { "date": "2025-08-22", "close": 74.550003, "volume": 580794, "typical_volume": 1028011.55, "trend": 87.18995, "fair_value": 130.158161, "relative_strength": -16.920459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.143353, "energy": 69.579799, "activity_lines": [ 75.509999, 78.610909, 80.210952, 82.75005 ] }, { "date": "2025-08-29", "close": 75.199997, "volume": 483472, "typical_volume": 949182.4, "trend": 86.208676, "fair_value": 129.776507, "relative_strength": -14.642036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.992401, "energy": 68.013297, "activity_lines": [ 74.939999, 77.831817, 79.564047, 81.976505 ] }, { "date": "2025-09-05", "close": 73.400002, "volume": 304255, "typical_volume": 929616.9, "trend": 85.160833, "fair_value": 129.387704, "relative_strength": -15.547195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.263614, "energy": 65.696752, "activity_lines": [ 74.38, 76.676363, 78.805714, 81.150139 ] }, { "date": "2025-09-12", "close": 73.300003, "volume": 435446, "typical_volume": 915724.35, "trend": 84.142499, "fair_value": 129.003541, "relative_strength": -13.527339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.204057, "energy": 53.825668, "activity_lines": [ 73.900001, 75.631818, 78.112619, 80.384924 ] }, { "date": "2025-09-19", "close": 76.0, "volume": 598441, "typical_volume": 892008.6, "trend": 83.279853, "fair_value": 128.642973, "relative_strength": -12.634866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.934064, "energy": 42.012445, "activity_lines": [ 74.556668, 75.236364, 77.741428, 79.859601 ] }, { "date": "2025-09-26", "close": 77.150002, "volume": 781929, "typical_volume": 884730.55, "trend": 82.560637, "fair_value": 128.295048, "relative_strength": -14.934136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.425115, "energy": 33.550016, "activity_lines": [ 75.443335, 75.264546, 77.524524, 79.464127 ] }, { "date": "2025-10-03", "close": 77.5, "volume": 1443661, "typical_volume": 911666.8, "trend": 82.171667, "fair_value": 127.954141, "relative_strength": -15.455319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.7417, "energy": 25.015146, "activity_lines": [ 76.273334, 75.544546, 77.371191, 79.137634 ] }, { "date": "2025-10-10", "close": 76.25, "volume": 999218, "typical_volume": 937539.55, "trend": 81.698333, "fair_value": 127.609447, "relative_strength": -17.022719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.600145, "energy": 19.299898, "activity_lines": [ 76.533334, 75.721819, 77.130714, 78.755591 ] }, { "date": "2025-10-17", "close": 74.150002, "volume": 966804, "typical_volume": 901800.8, "trend": 81.063333, "fair_value": 127.255411, "relative_strength": -19.61235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.748148, "energy": 23.958815, "activity_lines": [ 75.903334, 75.496365, 76.720477, 78.268602 ] }, { "date": "2025-10-24", "close": 74.849998, "volume": 674012, "typical_volume": 904345.2, "trend": 80.365, "fair_value": 126.910638, "relative_strength": -17.750765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.045485, "energy": 25.550778, "activity_lines": [ 75.45, 75.447273, 76.424762, 77.867742 ] }, { "date": "2025-10-31", "close": 88.550003, "volume": 4521972, "typical_volume": 1103694.25, "trend": 80.206667, "fair_value": 126.659915, "relative_strength": -2.726684, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 17.383326, "energy": 20.300046, "activity_lines": [ 79.640001, 77.868183, 77.475477, 78.395807 ] }, { "date": "2025-11-07", "close": 89.900002, "volume": 4907963, "typical_volume": 1313822.1, "trend": 80.276666, "fair_value": 126.421215, "relative_strength": 2.095616, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.677378, "energy": 59.921217, "activity_lines": [ 83.520001, 80.280001, 78.603096, 79.021183 ] }, { "date": "2025-11-14", "close": 92.0, "volume": 1362923, "typical_volume": 1335423.75, "trend": 80.373333, "fair_value": 126.199142, "relative_strength": 5.98488, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.054389, "energy": 76.703895, "activity_lines": [ 87.273334, 82.806365, 79.847858, 79.777527 ] }, { "date": "2025-11-21", "close": 93.349998, "volume": 2804374, "typical_volume": 1412116.3, "trend": 80.588333, "fair_value": 125.988571, "relative_strength": 9.363373, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.439471, "energy": 89.403425, "activity_lines": [ 90.426667, 85.24, 81.166429, 80.614731 ] }, { "date": "2025-11-28", "close": 91.75, "volume": 1119981, "typical_volume": 1362009.45, "trend": 80.8, "fair_value": 125.809904, "relative_strength": 11.467946, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.763987, "energy": 84.557736, "activity_lines": [ 91.766667, 87.018182, 82.278572, 81.334839 ] }, { "date": "2025-12-05", "close": 91.949997, "volume": 961679, "typical_volume": 1359523.7, "trend": 81.081666, "fair_value": 125.696825, "relative_strength": 12.093719, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.46605, "energy": 80.953351, "activity_lines": [ 92.046665, 88.546363, 83.390952, 82.054194 ] }, { "date": "2025-12-12", "close": 95.0, "volume": 1131817, "typical_volume": 1389512.2, "trend": 81.441666, "fair_value": 125.606937, "relative_strength": 15.04961, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.453798, "energy": 74.013872, "activity_lines": [ 93.116666, 90.36, 84.772619, 82.952151 ] }, { "date": "2025-12-19", "close": 101.199997, "volume": 2458444, "typical_volume": 1411322.05, "trend": 82.061666, "fair_value": 125.549512, "relative_strength": 25.568241, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.073961, "energy": 68.861603, "activity_lines": [ 95.913332, 92.982726, 86.694047, 84.226882 ] }, { "date": "2025-12-26", "close": 99.150002, "volume": 1115473, "typical_volume": 1413452.95, "trend": 82.56, "fair_value": 125.533545, "relative_strength": 22.098575, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.16234, "energy": 65.079144, "activity_lines": [ 97.413333, 94.77909, 88.295952, 85.329355 ] }, { "date": "2026-01-02", "close": 99.949997, "volume": 965427, "typical_volume": 1430904.25, "trend": 83.105, "fair_value": 125.459615, "relative_strength": 22.696459, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.891802, "energy": 70.292163, "activity_lines": [ 98.793332, 96.266363, 89.867857, 86.45129 ] }, { "date": "2026-01-09", "close": 99.199997, "volume": 1552549, "typical_volume": 1479492.0, "trend": 83.821666, "fair_value": 125.390583, "relative_strength": 22.421883, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.686838, "energy": 60.616554, "activity_lines": [ 99.376665, 97.160908, 91.243333, 87.489677 ] }, { "date": "2026-01-16", "close": 102.599998, "volume": 1688930, "typical_volume": 1539764.9, "trend": 84.825, "fair_value": 125.365186, "relative_strength": 22.349775, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.233351, "energy": 60.391445, "activity_lines": [ 100.609998, 98.479998, 92.825237, 88.701182 ] }, { "date": "2026-01-23", "close": 105.5, "volume": 1066336, "typical_volume": 1577868.95, "trend": 85.658333, "fair_value": 125.338965, "relative_strength": 21.979829, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.035378, "energy": 61.777852, "activity_lines": [ 102.303332, 100.095453, 94.552856, 90.035053 ] }, { "date": "2026-01-30", "close": 105.099998, "volume": 1359422, "typical_volume": 1624067.75, "trend": 86.428333, "fair_value": 125.262862, "relative_strength": 18.627681, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.950472, "energy": 65.079261, "activity_lines": [ 103.576665, 101.392726, 96.089523, 91.289354 ] }, { "date": "2026-02-06", "close": 99.599998, "volume": 550072, "typical_volume": 1621649.3, "trend": 86.821666, "fair_value": 125.10661, "relative_strength": 14.229765, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.346123, "energy": 56.979113, "activity_lines": [ 102.619998, 101.476362, 96.950951, 92.139139 ] }, { "date": "2026-02-13", "close": 95.800003, "volume": 588255, "typical_volume": 1611965.6, "trend": 87.098333, "fair_value": 124.901733, "relative_strength": 9.220872, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.106647, "energy": 42.508583, "activity_lines": [ 100.42, 100.726363, 97.338094, 92.718387 ] }, { "date": "2026-02-20", "close": 88.699997, "volume": 522834, "typical_volume": 1565924.25, "trend": 87.243333, "fair_value": 124.630717, "relative_strength": 3.970755, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.454053, "energy": 18.983957, "activity_lines": [ 96.079999, 98.615453, 96.960237, 92.82172 ] }, { "date": "2026-02-27", "close": 89.900002, "volume": 651289, "typical_volume": 1548527.8, "trend": 87.736666, "fair_value": 124.35526, "relative_strength": 7.656639, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.766617, "energy": 23.660484, "activity_lines": [ 93.066667, 96.837272, 96.643333, 92.993118 ] }, { "date": "2026-03-06", "close": 83.0, "volume": 1001696, "typical_volume": 1550272.4, "trend": 87.941666, "fair_value": 123.9834, "relative_strength": -1.263898, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -20.923279, "energy": 37.125983, "activity_lines": [ 88.793334, 94.01, 95.604285, 92.687526 ] }, { "date": "2026-03-13", "close": 82.199997, "volume": 1067494, "typical_volume": 1569946.5, "trend": 88.225, "fair_value": 123.653731, "relative_strength": -3.225356, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.241378, "energy": 46.42312, "activity_lines": [ 85.726666, 91.330908, 94.446904, 92.317096 ] }, { "date": "2026-03-20", "close": 82.25, "volume": 201825, "typical_volume": 1353939.15, "trend": 88.481666, "fair_value": 123.343796, "relative_strength": -3.53748, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.600023, "energy": 64.787598, "activity_lines": [ 83.836666, 88.983636, 93.259285, 91.931612 ] }, { "date": "2026-03-27", "close": 77.5, "volume": 1226210, "typical_volume": 1169851.5, "trend": 88.558333, "fair_value": 123.003412, "relative_strength": -10.071734, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.180499, "energy": 72.169524, "activity_lines": [ 81.266666, 86.080909, 91.649285, 91.223118 ] }, { "date": "2026-04-03", "close": 80.900002, "volume": 951714, "typical_volume": 1149291.05, "trend": 88.808333, "fair_value": 122.65813, "relative_strength": -7.455773, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.751109, "energy": 64.466437, "activity_lines": [ 80.576667, 84.252727, 90.422142, 90.729032 ] }, { "date": "2026-04-10", "close": 81.550003, "volume": 1045894, "typical_volume": 1061367.05, "trend": 89.083333, "fair_value": 122.296388, "relative_strength": -7.225246, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.36511, "energy": 52.542051, "activity_lines": [ 80.703335, 82.990001, 89.309762, 90.260752 ] }, { "date": "2026-04-17", "close": 89.5, "volume": 1283351, "typical_volume": 1069535.55, "trend": 89.533333, "fair_value": 121.943142, "relative_strength": -0.048697, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.646497, "energy": 32.219563, "activity_lines": [ 83.576668, 83.60091, 89.010714, 90.287634 ] }, { "date": "2026-04-24", "close": 87.599998, "volume": 579970, "typical_volume": 1050450.1, "trend": 89.881666, "fair_value": 121.609263, "relative_strength": 1.61858, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.159911, "energy": 15.863622, "activity_lines": [ 85.33, 84.05, 88.541428, 90.162903 ] }, { "date": "2026-05-01", "close": 90.900002, "volume": 683403, "typical_volume": 1028029.4, "trend": 90.328333, "fair_value": 121.306244, "relative_strength": 4.522516, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -28.409629, "energy": 23.22042, "activity_lines": [ 87.826667, 85.248182, 88.407143, 90.228602 ] }, { "date": "2026-05-08", "close": 89.699997, "volume": 606905, "typical_volume": 935452.45, "trend": 90.776666, "fair_value": 120.9834, "relative_strength": 4.402036, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -24.533388, "energy": 25.496194, "activity_lines": [ 89.029999, 86.188182, 88.178095, 90.188064 ] }, { "date": "2026-05-15", "close": 87.349998, "volume": 821336, "typical_volume": 920745.6, "trend": 91.216666, "fair_value": 120.646704, "relative_strength": 1.844491, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.923702, "energy": 21.467214, "activity_lines": [ 88.863332, 86.704545, 87.78, 89.966989 ] }, { "date": "2026-05-22", "close": 87.099998, "volume": 454433, "typical_volume": 895195.9, "trend": 91.624999, "fair_value": 120.30598, "relative_strength": 1.128754, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.744466, "energy": 18.659427, "activity_lines": [ 88.226665, 87.096363, 87.414285, 89.701397 ] }, { "date": "2026-05-29", "close": 87.099998, "volume": 0, "typical_volume": 817568.45, "trend": 91.576666, "fair_value": 119.942203, "relative_strength": 1.069729, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.338578, "energy": 10.915988, "activity_lines": [ 87.749998, 87.39909, 87.109761, 89.409462 ] }, { "date": "2026-06-05", "close": 87.599998, "volume": 521587, "typical_volume": 759201.3, "trend": 91.499999, "fair_value": 119.575564, "relative_strength": 1.899261, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.437188, "energy": 18.472827, "activity_lines": [ 87.473331, 87.704544, 86.910475, 89.152902 ] }, { "date": "2026-06-12", "close": 89.900002, "volume": 904083, "typical_volume": 751088.65, "trend": 91.429999, "fair_value": 119.19455, "relative_strength": 3.837568, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.265907, "energy": 13.336988, "activity_lines": [ 88.183333, 88.244545, 87.001666, 89.049677 ] }, { "date": "2026-06-19", "close": 93.75, "volume": 865562, "typical_volume": 726395.65, "trend": 91.443333, "fair_value": 118.873401, "relative_strength": 7.094635, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.641249, "energy": 19.927928, "activity_lines": [ 90.163333, 89.320908, 87.533809, 89.199354 ] }, { "date": "2026-06-26", "close": 91.800003, "volume": 755720, "typical_volume": 736678.05, "trend": 91.444999, "fair_value": 118.50942, "relative_strength": 6.377368, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.051417, "energy": 29.089114, "activity_lines": [ 91.066668, 89.820909, 87.934286, 89.222365 ] }, { "date": "2026-07-03", "close": 91.449997, "volume": 382393, "typical_volume": 726384.95, "trend": 91.428333, "fair_value": 118.137129, "relative_strength": 6.711697, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.541875, "energy": 39.332556, "activity_lines": [ 91.54, 90.215454, 88.338571, 89.222688 ] }, { "date": "2026-07-10", "close": 91.550003, "volume": 300083, "typical_volume": 715247.4, "trend": 91.313333, "fair_value": 117.789744, "relative_strength": 6.834095, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.5316, "energy": 39.985662, "activity_lines": [ 91.756668, 90.558182, 88.773095, 89.230537 ] }, { "date": "2026-07-17", "close": 89.349998, "volume": 525668, "typical_volume": 708966.35, "trend": 90.918333, "fair_value": 117.361525, "relative_strength": 5.026035, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.170187, "energy": 17.410549, "activity_lines": [ 90.976667, 90.489091, 88.984524, 89.103871 ] }, { "date": "2026-07-24", "close": 90.0, "volume": 395042, "typical_volume": 678633.65, "trend": 90.613333, "fair_value": 116.94354, "relative_strength": 4.915323, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -7.516896, "energy": 9.195201, "activity_lines": [ 90.45, 90.544545, 89.260476, 89.044623 ] }, { "date": "2026-07-31", "close": 80.699997, "volume": 625796, "typical_volume": 656548.75, "trend": 89.971666, "fair_value": 116.484139, "relative_strength": -4.213412, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.620041, "energy": 33.243509, "activity_lines": [ 87.073332, 88.860909, 88.61738, 88.405053 ] }, { "date": "2026-08-07", "close": 81.699997, "volume": 298451, "typical_volume": 661380.05, "trend": 89.388333, "fair_value": 115.995962, "relative_strength": -5.395934, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.155141, "energy": 50.607004, "activity_lines": [ 84.769998, 87.475454, 88.076666, 87.871397 ] } ], "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." } } }