{ "ticker": { "uuid": "be75ca50-0261-438c-994a-ac29d7c4cd04", "symbol": "4163", "name": "INTAI Technology Corporation", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 65.967, "architecture_energy": 52.601, "architecture_maturity": 44.0, "architecture_confidence": 74.738, "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": 13.44, "rotation_up": 61.89, "upward_expansion": 82.04, "deceleration": 51.81, "rotation_down": 15.75, "downward_expansion": 8.71 }, "activity_lines": [ 134.866667, 130.272727, 123.333333, 118.233246 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 140.0, "trend_reference": 111.262114, "distance_from_trend": 0.25829, "trend_direction": "Improving", "fair_value": 106.929668, "distance_from_fair_value": 0.309272, "fair_value_direction": "Improving", "relative_strength": -4.093132, "relative_strength_direction": "Improving", "price_momentum": 0.4116, "excess_performance": -0.029772, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.25829, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.115165, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.309272, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.201832, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040931, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.165577, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.4116, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.36985, "read": "Demand-led" } ], "volume": { "latest": 885174, "relative_activity": 1.14233, "balance": 1.36985, "dry_up": 0.888776, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.118132, "annualized_volatility": 0.458507, "from_high_reference": -0.075908, "from_low_reference": 0.614833 }, "levels": { "trend_reference": 111.262114, "fair_value_reference": 106.929668, "structural_low": 94.400002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.009705, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.000166, "regime_survival": 0.777778, "best_return": 0.188034, "worst_return": -0.093525, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.08443, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.002018, "regime_survival": 0.5, "best_return": 0.212871, "worst_return": -0.057877, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.034803, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.052304, "regime_survival": 0.333333, "best_return": 0.451613, "worst_return": -0.035537, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.208764, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.213462, "regime_survival": 0.0, "best_return": 0.254175, "worst_return": 0.163353, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.004219, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": 0.016598, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-21", "end": "2024-09-20", "tenure": "Established", "return": -0.050869, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-07-18", "tenure": "Extended", "return": -0.021321, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": -0.019324, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": -0.009259, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.004695, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": -0.028708, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-02-27", "tenure": "Established", "return": 0.09, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-04-10", "tenure": "Developing", "return": 0.077785, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": -0.115741, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": -0.063559, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-14", "tenure": "Developing", "return": 0.212121, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 107.336426, "volume": 1496000, "typical_volume": 2572650.0, "trend": 115.407533, "fair_value": 84.330345, "relative_strength": -3.605647, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.312027, "energy": 36.915016, "activity_lines": [ 112.703247, 115.820201, 117.571217, 117.028056 ] }, { "date": "2023-08-18", "close": 104.607536, "volume": 754000, "typical_volume": 2535900.0, "trend": 115.523324, "fair_value": 84.501682, "relative_strength": -5.111502, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.52088, "energy": 58.651184, "activity_lines": [ 109.367936, 113.435747, 116.340328, 116.331282 ] }, { "date": "2023-08-25", "close": 105.062347, "volume": 297000, "typical_volume": 2455050.0, "trend": 115.698439, "fair_value": 84.667215, "relative_strength": -5.557279, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.431057, "energy": 77.790053, "activity_lines": [ 107.366747, 111.400043, 115.184582, 115.65638 ] }, { "date": "2023-09-01", "close": 108.700874, "volume": 418000, "typical_volume": 2282300.0, "trend": 115.877069, "fair_value": 84.858251, "relative_strength": -3.543638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.39979, "energy": 76.898258, "activity_lines": [ 107.154501, 110.363975, 114.423951, 115.204925 ] }, { "date": "2023-09-08", "close": 112.339394, "volume": 521000, "typical_volume": 2166400.0, "trend": 115.912004, "fair_value": 85.057351, "relative_strength": -0.181856, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.524056, "energy": 69.862456, "activity_lines": [ 108.549267, 110.181089, 114.05583, 114.976688 ] }, { "date": "2023-09-15", "close": 111.884583, "volume": 472000, "typical_volume": 2107500.0, "trend": 115.504868, "fair_value": 85.244358, "relative_strength": -2.795314, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.583851, "energy": 39.42591, "activity_lines": [ 109.974356, 110.057049, 113.649917, 114.716854 ] }, { "date": "2023-09-22", "close": 110.520134, "volume": 418000, "typical_volume": 2066250.0, "trend": 115.19946, "fair_value": 85.422619, "relative_strength": -0.796399, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.387585, "energy": 25.59258, "activity_lines": [ 110.641419, 109.866854, 113.13016, 114.395258 ] }, { "date": "2023-09-29", "close": 111.429771, "volume": 183000, "typical_volume": 1917050.0, "trend": 114.821326, "fair_value": 85.615679, "relative_strength": -0.20058, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.771557, "energy": 22.432196, "activity_lines": [ 111.21752, 110.057051, 112.728046, 114.152052 ] }, { "date": "2023-10-06", "close": 112.79422, "volume": 339000, "typical_volume": 1578150.0, "trend": 114.974469, "fair_value": 85.817485, "relative_strength": -0.179427, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.616287, "energy": 20.510078, "activity_lines": [ 111.823943, 110.536676, 112.49728, 114.021271 ] }, { "date": "2023-10-13", "close": 105.517166, "volume": 1099000, "typical_volume": 1381150.0, "trend": 114.811439, "fair_value": 85.988471, "relative_strength": -8.084544, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.171423, "energy": 33.101848, "activity_lines": [ 109.731792, 109.726277, 111.578923, 113.411123 ] }, { "date": "2023-10-20", "close": 105.517166, "volume": 336000, "typical_volume": 1056700.0, "trend": 114.633688, "fair_value": 86.153654, "relative_strength": -6.229982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.370982, "energy": 51.123243, "activity_lines": [ 108.094455, 109.089536, 110.732226, 112.811492 ] }, { "date": "2023-10-27", "close": 106.881615, "volume": 133000, "typical_volume": 876550.0, "trend": 114.486697, "fair_value": 86.330748, "relative_strength": -3.322874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.359984, "energy": 57.582143, "activity_lines": [ 107.33643, 108.733953, 110.122887, 112.311359 ] }, { "date": "2023-11-03", "close": 105.971977, "volume": 356000, "typical_volume": 782950.0, "trend": 114.176895, "fair_value": 86.48935, "relative_strength": -6.374326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.393631, "energy": 64.990104, "activity_lines": [ 106.51776, 108.171635, 109.485768, 111.762022 ] }, { "date": "2023-11-10", "close": 109.155693, "volume": 316000, "typical_volume": 765300.0, "trend": 113.87017, "fair_value": 86.667832, "relative_strength": -4.643987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.838878, "energy": 55.36893, "activity_lines": [ 107.124181, 108.171635, 109.236075, 111.438073 ] }, { "date": "2023-11-17", "close": 110.520134, "volume": 294000, "typical_volume": 720750.0, "trend": 113.770857, "fair_value": 86.864558, "relative_strength": -6.504598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.837194, "energy": 27.87133, "activity_lines": [ 108.427985, 108.411447, 109.164353, 111.221942 ] }, { "date": "2023-11-24", "close": 111.429771, "volume": 320000, "typical_volume": 653900.0, "trend": 113.642982, "fair_value": 87.061838, "relative_strength": -6.290002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.029527, "energy": 16.399488, "activity_lines": [ 109.701469, 108.849724, 109.224995, 111.070904 ] }, { "date": "2023-12-01", "close": 111.884583, "volume": 481000, "typical_volume": 613700.0, "trend": 113.471382, "fair_value": 87.262034, "relative_strength": -6.878282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.713562, "energy": 15.132821, "activity_lines": [ 110.732384, 109.378964, 109.378766, 110.957459 ] }, { "date": "2023-12-08", "close": 111.884583, "volume": 1019000, "typical_volume": 542150.0, "trend": 113.196735, "fair_value": 87.463813, "relative_strength": -6.711323, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.524998, "energy": 16.518992, "activity_lines": [ 111.429768, 109.883395, 109.582351, 110.855085 ] }, { "date": "2023-12-15", "close": 113.249031, "volume": 470000, "typical_volume": 520450.0, "trend": 113.173665, "fair_value": 87.668535, "relative_strength": -7.125218, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.605203, "energy": 17.574419, "activity_lines": [ 112.187794, 110.627639, 109.924545, 110.858459 ] }, { "date": "2023-12-22", "close": 116.432739, "volume": 825000, "typical_volume": 527350.0, "trend": 113.035902, "fair_value": 87.871508, "relative_strength": -4.165591, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.168039, "energy": 42.691971, "activity_lines": [ 113.734167, 111.942469, 110.576448, 111.068722 ] }, { "date": "2023-12-29", "close": 117.79718, "volume": 509000, "typical_volume": 478000.0, "trend": 112.693362, "fair_value": 88.110133, "relative_strength": -4.80277, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.918597, "energy": 56.260482, "activity_lines": [ 115.34118, 113.306915, 111.351799, 111.375901 ] }, { "date": "2024-01-05", "close": 115.523102, "volume": 261000, "typical_volume": 453350.0, "trend": 112.569441, "fair_value": 88.33418, "relative_strength": -4.439222, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.4453, "energy": 54.421704, "activity_lines": [ 115.765673, 114.034619, 111.860759, 111.558465 ] }, { "date": "2024-01-12", "close": 111.429771, "volume": 599000, "typical_volume": 468450.0, "trend": 112.161866, "fair_value": 88.530406, "relative_strength": -7.705726, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.099252, "energy": 40.692965, "activity_lines": [ 114.583154, 113.860963, 111.927899, 111.484938 ] }, { "date": "2024-01-19", "close": 110.974945, "volume": 280002, "typical_volume": 461550.1, "trend": 111.88634, "fair_value": 88.721078, "relative_strength": -8.820528, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 8.450808, "energy": 13.035345, "activity_lines": [ 113.279348, 113.505378, 111.921401, 111.408362 ] }, { "date": "2024-01-26", "close": 113.249031, "volume": 249000, "typical_volume": 447950.1, "trend": 111.657174, "fair_value": 88.933186, "relative_strength": -8.473329, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.815594, "energy": 8.880484, "activity_lines": [ 112.885175, 113.530187, 112.120653, 111.496278 ] }, { "date": "2024-02-02", "close": 112.79422, "volume": 319000, "typical_volume": 440300.1, "trend": 111.353964, "fair_value": 89.154512, "relative_strength": -9.072415, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.394199, "energy": 20.802355, "activity_lines": [ 112.551647, 113.422686, 112.272259, 111.569635 ] }, { "date": "2024-02-09", "close": 113.703835, "volume": 127000, "typical_volume": 425750.1, "trend": 111.065914, "fair_value": 89.397496, "relative_strength": -8.302226, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.928523, "energy": 17.714515, "activity_lines": [ 112.854854, 113.455762, 112.506163, 111.72124 ] }, { "date": "2024-02-16", "close": 115.523102, "volume": 270000, "typical_volume": 430100.1, "trend": 111.126556, "fair_value": 89.664804, "relative_strength": -8.932307, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.460226, "energy": 29.131266, "activity_lines": [ 113.885768, 113.786536, 112.89817, 112.0088 ] }, { "date": "2024-02-23", "close": 112.79422, "volume": 655000, "typical_volume": 445900.1, "trend": 111.065915, "fair_value": 89.910926, "relative_strength": -11.976597, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.577555, "energy": 24.127417, "activity_lines": [ 113.734166, 113.554995, 113.010792, 112.116392 ] }, { "date": "2024-03-01", "close": 112.79422, "volume": 261000, "typical_volume": 404000.1, "trend": 110.990112, "fair_value": 90.143331, "relative_strength": -11.716048, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.284706, "energy": 23.01644, "activity_lines": [ 113.461278, 113.331724, 113.123414, 112.227895 ] }, { "date": "2024-03-08", "close": 110.065315, "volume": 835000, "typical_volume": 428950.1, "trend": 111.081075, "fair_value": 90.36774, "relative_strength": -17.218614, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.709787, "energy": 4.744419, "activity_lines": [ 112.309077, 112.678442, 112.941487, 112.168231 ] }, { "date": "2024-03-15", "close": 110.974945, "volume": 680000, "typical_volume": 456300.1, "trend": 111.293322, "fair_value": 90.596924, "relative_strength": -15.735168, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.367001, "energy": 12.969511, "activity_lines": [ 111.642012, 112.331127, 112.824534, 112.161384 ] }, { "date": "2024-03-22", "close": 112.79422, "volume": 260000, "typical_volume": 451500.1, "trend": 111.551051, "fair_value": 90.825109, "relative_strength": -16.331142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.803731, "energy": 13.554443, "activity_lines": [ 111.763299, 112.397284, 112.861353, 112.258216 ] }, { "date": "2024-03-29", "close": 112.339394, "volume": 109000, "typical_volume": 441150.1, "trend": 111.672335, "fair_value": 91.059874, "relative_strength": -16.583829, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.857594, "energy": 12.329082, "activity_lines": [ 111.914902, 112.355936, 112.822368, 112.309077 ] }, { "date": "2024-04-05", "close": 111.429771, "volume": 100000, "typical_volume": 431450.1, "trend": 111.642015, "fair_value": 91.294084, "relative_strength": -17.001984, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.529289, "energy": 11.506762, "activity_lines": [ 111.79362, 112.124394, 112.681592, 112.293427 ] }, { "date": "2024-04-12", "close": 110.974945, "volume": 363000, "typical_volume": 433600.1, "trend": 111.611693, "fair_value": 91.521158, "relative_strength": -18.437269, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.64017, "energy": 10.21832, "activity_lines": [ 111.611692, 111.843235, 112.493168, 112.250391 ] }, { "date": "2024-04-19", "close": 111.429771, "volume": 316000, "typical_volume": 425350.1, "trend": 111.642015, "fair_value": 91.751675, "relative_strength": -12.629057, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.041177, "energy": 10.493507, "activity_lines": [ 111.52073, 111.677848, 112.350227, 112.238654 ] }, { "date": "2024-04-26", "close": 108.700874, "volume": 202000, "typical_volume": 384500.1, "trend": 111.551051, "fair_value": 91.970503, "relative_strength": -16.793313, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.856049, "energy": 36.606002, "activity_lines": [ 110.489815, 111.057645, 111.949556, 112.048903 ] }, { "date": "2024-05-03", "close": 107.791245, "volume": 217000, "typical_volume": 371850.1, "trend": 111.384285, "fair_value": 92.184027, "relative_strength": -17.808578, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.153231, "energy": 52.597202, "activity_lines": [ 109.42858, 110.396096, 111.477414, 111.806335 ] }, { "date": "2024-05-10", "close": 107.791245, "volume": 293000, "typical_volume": 345250.1, "trend": 111.460088, "fair_value": 92.399661, "relative_strength": -18.69434, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.372527, "energy": 56.314336, "activity_lines": [ 108.670554, 109.825509, 111.031262, 111.574526 ] }, { "date": "2024-05-17", "close": 108.246063, "volume": 246000, "typical_volume": 332100.1, "trend": 111.551051, "fair_value": 92.618738, "relative_strength": -19.993045, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.062146, "energy": 66.954531, "activity_lines": [ 108.306703, 109.42858, 110.669576, 111.367169 ] }, { "date": "2024-05-24", "close": 109.610497, "volume": 146000, "typical_volume": 326350.1, "trend": 111.642014, "fair_value": 92.877161, "relative_strength": -19.597548, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.172274, "energy": 60.847244, "activity_lines": [ 108.579589, 109.312807, 110.483317, 111.241972 ] }, { "date": "2024-05-31", "close": 112.339394, "volume": 298000, "typical_volume": 311300.1, "trend": 111.854261, "fair_value": 93.157824, "relative_strength": -15.4667, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.981375, "energy": 20.335757, "activity_lines": [ 109.883392, 109.718006, 110.585109, 111.286964 ] }, { "date": "2024-06-07", "close": 112.339394, "volume": 358000, "typical_volume": 315200.0, "trend": 111.960385, "fair_value": 93.429519, "relative_strength": -17.627478, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.011752, "energy": 16.171805, "activity_lines": [ 110.944627, 110.131474, 110.682569, 111.318263 ] }, { "date": "2024-06-14", "close": 111.429771, "volume": 223000, "typical_volume": 313900.0, "trend": 111.990706, "fair_value": 93.673752, "relative_strength": -20.099009, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.03051, "energy": 21.100152, "activity_lines": [ 111.399445, 110.379556, 110.686901, 111.28403 ] }, { "date": "2024-06-21", "close": 111.429771, "volume": 245000, "typical_volume": 310200.0, "trend": 111.990706, "fair_value": 93.922207, "relative_strength": -22.154625, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.575123, "energy": 21.434916, "activity_lines": [ 111.611694, 110.627638, 110.699896, 111.247841 ] }, { "date": "2024-06-28", "close": 111.884583, "volume": 106000, "typical_volume": 309150.0, "trend": 111.990706, "fair_value": 94.176742, "relative_strength": -20.52939, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.982796, "energy": 13.813721, "activity_lines": [ 111.7633, 110.950144, 110.762704, 111.240994 ] }, { "date": "2024-07-05", "close": 113.249031, "volume": 294000, "typical_volume": 310350.0, "trend": 112.036188, "fair_value": 94.440024, "relative_strength": -20.725472, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.833954, "energy": 21.250143, "activity_lines": [ 112.218116, 111.512461, 110.964123, 111.322176 ] }, { "date": "2024-07-12", "close": 111.845116, "volume": 223000, "typical_volume": 288750.0, "trend": 111.98939, "fair_value": 94.682699, "relative_strength": -22.295853, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.352432, "energy": 15.911821, "activity_lines": [ 112.144318, 111.736828, 111.042664, 111.309849 ] }, { "date": "2024-07-19", "close": 110.4412, "volume": 136000, "typical_volume": 282500.0, "trend": 111.789672, "fair_value": 94.923234, "relative_strength": -19.279728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.018488, "energy": 11.022702, "activity_lines": [ 111.6355, 111.63223, 110.992018, 111.209966 ] }, { "date": "2024-07-26", "close": 108.101341, "volume": 77000, "typical_volume": 244600.0, "trend": 111.466478, "fair_value": 95.143494, "relative_strength": -17.851113, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.468008, "energy": 23.615266, "activity_lines": [ 110.412633, 111.054023, 110.729734, 110.972009 ] }, { "date": "2024-08-02", "close": 111.377151, "volume": 116000, "typical_volume": 216400.0, "trend": 111.328279, "fair_value": 95.382799, "relative_strength": -13.006192, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.967596, "energy": 17.972182, "activity_lines": [ 110.503599, 111.074049, 110.788784, 110.966246 ] }, { "date": "2024-08-09", "close": 110.4412, "volume": 431000, "typical_volume": 224950.0, "trend": 111.295327, "fair_value": 95.618852, "relative_strength": -12.68284, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.643809, "energy": 19.768354, "activity_lines": [ 110.31641, 110.89178, 110.75678, 110.909015 ] }, { "date": "2024-08-16", "close": 110.4412, "volume": 215000, "typical_volume": 230250.0, "trend": 111.277536, "fair_value": 95.851608, "relative_strength": -15.724939, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.629576, "energy": 18.8603, "activity_lines": [ 110.316409, 110.744025, 110.735981, 110.85391 ] }, { "date": "2024-08-23", "close": 110.909172, "volume": 105000, "typical_volume": 230500.0, "trend": 111.19954, "fair_value": 96.105493, "relative_strength": -14.252212, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.5665, "energy": 14.077139, "activity_lines": [ 110.565994, 110.715868, 110.76879, 110.830145 ] }, { "date": "2024-08-30", "close": 111.845116, "volume": 124000, "typical_volume": 218550.0, "trend": 111.167903, "fair_value": 96.37197, "relative_strength": -13.526327, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.21176, "energy": 4.672639, "activity_lines": [ 111.096361, 110.867347, 110.893216, 110.871795 ] }, { "date": "2024-09-06", "close": 109.037292, "volume": 126000, "typical_volume": 209050.0, "trend": 111.012352, "fair_value": 96.615504, "relative_strength": -11.928575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.563295, "energy": 14.188102, "activity_lines": [ 110.441203, 110.500762, 110.746086, 110.734336 ] }, { "date": "2024-09-13", "close": 109.973236, "volume": 92000, "typical_volume": 203550.0, "trend": 110.827356, "fair_value": 96.862291, "relative_strength": -12.040771, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.52359, "energy": 13.57655, "activity_lines": [ 110.254016, 110.356118, 110.699486, 110.667296 ] }, { "date": "2024-09-20", "close": 105.76149, "volume": 176000, "typical_volume": 201500.0, "trend": 110.592932, "fair_value": 97.07329, "relative_strength": -16.378779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.142037, "energy": 46.790877, "activity_lines": [ 108.694112, 109.505261, 110.245709, 110.340466 ] }, { "date": "2024-09-27", "close": 105.293526, "volume": 153000, "typical_volume": 194500.0, "trend": 110.342909, "fair_value": 97.275246, "relative_strength": -18.564873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.401475, "energy": 60.943882, "activity_lines": [ 107.2902, 108.679931, 109.757029, 109.998569 ] }, { "date": "2024-10-04", "close": 105.293526, "volume": 43000, "typical_volume": 184350.0, "trend": 110.183849, "fair_value": 97.475004, "relative_strength": -16.065741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.611322, "energy": 65.462327, "activity_lines": [ 106.260665, 107.948195, 109.280243, 109.672802 ] }, { "date": "2024-10-11", "close": 105.76149, "volume": 45000, "typical_volume": 179300.0, "trend": 110.010068, "fair_value": 97.682707, "relative_strength": -17.426283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.723199, "energy": 66.848141, "activity_lines": [ 105.82389, 107.352595, 108.862085, 109.387489 ] }, { "date": "2024-10-18", "close": 106.229462, "volume": 129000, "typical_volume": 170850.0, "trend": 109.791242, "fair_value": 97.901649, "relative_strength": -18.598434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.512724, "energy": 59.033098, "activity_lines": [ 105.761493, 106.944184, 108.506824, 109.143579 ] }, { "date": "2024-10-25", "close": 107.165405, "volume": 75000, "typical_volume": 156700.0, "trend": 109.618776, "fair_value": 98.126042, "relative_strength": -16.807168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.107228, "energy": 37.093102, "activity_lines": [ 106.260661, 106.782521, 108.269796, 108.97417 ] }, { "date": "2024-11-01", "close": 107.165405, "volume": 56000, "typical_volume": 148350.0, "trend": 109.47663, "fair_value": 98.347689, "relative_strength": -14.218624, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.943114, "energy": 29.39534, "activity_lines": [ 106.666236, 106.680418, 108.057406, 108.815888 ] }, { "date": "2024-11-08", "close": 105.76149, "volume": 96000, "typical_volume": 140900.0, "trend": 109.302849, "fair_value": 98.558138, "relative_strength": -17.529963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.850642, "energy": 29.022959, "activity_lines": [ 106.479047, 106.391126, 107.731616, 108.576201 ] }, { "date": "2024-11-15", "close": 106.229462, "volume": 87000, "typical_volume": 139950.0, "trend": 109.129505, "fair_value": 98.771037, "relative_strength": -13.676761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.147989, "energy": 25.570542, "activity_lines": [ 106.41665, 106.297531, 107.477386, 108.377918 ] }, { "date": "2024-11-22", "close": 108.569321, "volume": 200112, "typical_volume": 135255.6, "trend": 109.12512, "fair_value": 98.987949, "relative_strength": -11.863378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.045407, "energy": 18.104523, "activity_lines": [ 107.103009, 106.680417, 107.472929, 108.341778 ] }, { "date": "2024-11-29", "close": 107.165405, "volume": 67000, "typical_volume": 127455.6, "trend": 109.104259, "fair_value": 99.201355, "relative_strength": -9.979226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.573521, "energy": 17.313466, "activity_lines": [ 107.165405, 106.833571, 107.357051, 108.215344 ] }, { "date": "2024-12-06", "close": 106.697433, "volume": 58000, "typical_volume": 123555.6, "trend": 109.067798, "fair_value": 99.416156, "relative_strength": -13.397448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.202801, "energy": 16.096661, "activity_lines": [ 107.071811, 106.876114, 107.218888, 108.060065 ] }, { "date": "2024-12-13", "close": 106.229462, "volume": 67000, "typical_volume": 123055.6, "trend": 109.000578, "fair_value": 99.626309, "relative_strength": -12.562497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.946242, "energy": 17.417609, "activity_lines": [ 106.853424, 106.808045, 107.053984, 107.876947 ] }, { "date": "2024-12-20", "close": 105.76149, "volume": 111000, "typical_volume": 122805.6, "trend": 108.872278, "fair_value": 99.835659, "relative_strength": -10.347803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.572439, "energy": 28.394254, "activity_lines": [ 106.447849, 106.637873, 106.853424, 107.667973 ] }, { "date": "2024-12-27", "close": 106.697433, "volume": 53000, "typical_volume": 103905.6, "trend": 108.684212, "fair_value": 100.048262, "relative_strength": -11.886789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.080147, "energy": 26.480279, "activity_lines": [ 106.385452, 106.637873, 106.768744, 107.527661 ] }, { "date": "2025-01-03", "close": 106.697433, "volume": 65000, "typical_volume": 96405.6, "trend": 108.496147, "fair_value": 100.261415, "relative_strength": -9.828249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.424321, "energy": 25.512531, "activity_lines": [ 106.447848, 106.629365, 106.701891, 107.399481 ] }, { "date": "2025-01-10", "close": 106.697433, "volume": 142000, "typical_volume": 98255.6, "trend": 108.338403, "fair_value": 100.471272, "relative_strength": -9.653426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.847805, "energy": 22.72909, "activity_lines": [ 106.541443, 106.629365, 106.652865, 107.283435 ] }, { "date": "2025-01-17", "close": 105.76149, "volume": 81000, "typical_volume": 96105.6, "trend": 108.14946, "fair_value": 100.676227, "relative_strength": -10.39968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.364871, "energy": 24.077969, "activity_lines": [ 106.323056, 106.467702, 106.534758, 107.117183 ] }, { "date": "2025-01-24", "close": 106.229462, "volume": 36000, "typical_volume": 91605.6, "trend": 107.960956, "fair_value": 100.88638, "relative_strength": -10.848962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.319516, "energy": 22.03125, "activity_lines": [ 106.291858, 106.391125, 106.490189, 106.993312 ] }, { "date": "2025-02-07", "close": 104.357574, "volume": 56032, "typical_volume": 89807.2, "trend": 107.664574, "fair_value": 101.088929, "relative_strength": -11.639958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.835057, "energy": 37.797578, "activity_lines": [ 105.605499, 105.974204, 106.280716, 106.760836 ] }, { "date": "2025-02-14", "close": 102.017723, "volume": 60233, "typical_volume": 84018.85, "trend": 107.336994, "fair_value": 101.280324, "relative_strength": -11.77304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.232206, "energy": 67.148969, "activity_lines": [ 104.295181, 105.208434, 105.875141, 106.396523 ] }, { "date": "2025-02-21", "close": 105.293526, "volume": 93197, "typical_volume": 81028.7, "trend": 107.165405, "fair_value": 101.488323, "relative_strength": -10.546489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.392251, "energy": 52.643676, "activity_lines": [ 104.388777, 105.131858, 105.799375, 106.264686 ] }, { "date": "2025-02-28", "close": 103.421631, "volume": 47158, "typical_volume": 81236.6, "trend": 107.009415, "fair_value": 101.682674, "relative_strength": -9.032464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.654811, "energy": 60.767932, "activity_lines": [ 103.952003, 104.740463, 105.545333, 106.023153 ] }, { "date": "2025-03-07", "close": 102.485695, "volume": 81724, "typical_volume": 83072.8, "trend": 106.713033, "fair_value": 101.875421, "relative_strength": -7.439173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.69871, "energy": 64.258419, "activity_lines": [ 103.35924, 104.229949, 105.211068, 105.7313 ] }, { "date": "2025-03-14", "close": 98.74192, "volume": 82323, "typical_volume": 80738.95, "trend": 106.323057, "fair_value": 102.045817, "relative_strength": -7.966653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.568395, "energy": 70.173655, "activity_lines": [ 101.768137, 103.098309, 104.535852, 105.217034 ] }, { "date": "2025-03-21", "close": 100.613808, "volume": 68809, "typical_volume": 80429.4, "trend": 105.995477, "fair_value": 102.237002, "relative_strength": -6.833314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.133146, "energy": 70.875879, "activity_lines": [ 101.175373, 102.451658, 104.074566, 104.848696 ] }, { "date": "2025-03-28", "close": 105.46759, "volume": 427713, "typical_volume": 99015.05, "trend": 105.814091, "fair_value": 102.468641, "relative_strength": 0.678019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.988916, "energy": 36.255966, "activity_lines": [ 102.294131, 102.798124, 104.106743, 104.814638 ] }, { "date": "2025-04-04", "close": 104.983795, "volume": 41704, "typical_volume": 96300.25, "trend": 105.58538, "fair_value": 102.694981, "relative_strength": 1.894758, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.254573, "energy": 23.728117, "activity_lines": [ 103.24002, 103.078989, 104.10093, 104.761071 ] }, { "date": "2025-04-11", "close": 99.662041, "volume": 326002, "typical_volume": 108250.35, "trend": 105.272872, "fair_value": 102.888855, "relative_strength": 5.651784, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.716595, "energy": 26.762078, "activity_lines": [ 102.307846, 102.406401, 103.591985, 104.37892 ] }, { "date": "2025-04-18", "close": 107.886574, "volume": 231285, "typical_volume": 109809.0, "trend": 105.203316, "fair_value": 103.12721, "relative_strength": 15.062642, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.620659, "energy": 11.019724, "activity_lines": [ 104.305427, 103.348591, 103.897604, 104.547546 ] }, { "date": "2025-04-25", "close": 104.983795, "volume": 131275, "typical_volume": 113022.75, "trend": 105.177393, "fair_value": 103.347507, "relative_strength": 9.45977, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.565556, "energy": 12.76294, "activity_lines": [ 104.725772, 103.698839, 103.930018, 104.533383 ] }, { "date": "2025-05-02", "close": 103.53241, "volume": 51007, "typical_volume": 112673.1, "trend": 105.118689, "fair_value": 103.553556, "relative_strength": 3.369362, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.661462, "energy": 11.14854, "activity_lines": [ 104.370989, 103.73127, 103.834593, 104.427255 ] }, { "date": "2025-05-09", "close": 102.564812, "volume": 77116, "typical_volume": 113178.9, "trend": 105.027732, "fair_value": 103.756149, "relative_strength": 1.941511, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.138496, "energy": 14.591729, "activity_lines": [ 103.822685, 103.619795, 103.662088, 104.262489 ] }, { "date": "2025-05-16", "close": 100.629631, "volume": 74066, "typical_volume": 111332.2, "trend": 104.85667, "fair_value": 103.940294, "relative_strength": -4.004428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.001666, "energy": 22.41223, "activity_lines": [ 102.790586, 103.172047, 103.322731, 103.978741 ] }, { "date": "2025-05-23", "close": 99.662041, "volume": 40132, "typical_volume": 110688.8, "trend": 104.637756, "fair_value": 104.129224, "relative_strength": -3.898492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.19233, "energy": 36.184164, "activity_lines": [ 101.371452, 102.582121, 102.91566, 103.643603 ] }, { "date": "2025-05-30", "close": 98.210648, "volume": 32071, "typical_volume": 109042.35, "trend": 104.339264, "fair_value": 104.306103, "relative_strength": -3.75895, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.418639, "energy": 48.999787, "activity_lines": [ 100.016822, 101.711575, 102.403863, 103.228951 ] }, { "date": "2025-06-06", "close": 96.759262, "volume": 44089, "typical_volume": 104146.8, "trend": 103.992393, "fair_value": 104.469284, "relative_strength": -6.236691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.383287, "energy": 57.997488, "activity_lines": [ 98.62994, 100.620835, 101.794252, 102.739919 ] }, { "date": "2025-06-13", "close": 99.178238, "volume": 85080, "typical_volume": 104350.8, "trend": 103.772951, "fair_value": 104.647421, "relative_strength": -5.441098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.629574, "energy": 52.565108, "activity_lines": [ 98.500926, 100.128241, 101.462344, 102.429328 ] }, { "date": "2025-06-20", "close": 105.951393, "volume": 258072, "typical_volume": 115454.4, "trend": 103.763682, "fair_value": 104.838762, "relative_strength": 1.200823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.819353, "energy": 19.283723, "activity_lines": [ 100.855403, 100.972686, 101.806847, 102.569873 ] }, { "date": "2025-06-27", "close": 104.5, "volume": 160749, "typical_volume": 120690.25, "trend": 103.628038, "fair_value": 105.012557, "relative_strength": -2.482761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.25345, "energy": 10.634553, "activity_lines": [ 102.371297, 101.43889, 102.014446, 102.617377 ] }, { "date": "2025-07-04", "close": 103.53241, "volume": 74151, "typical_volume": 121386.15, "trend": 103.506938, "fair_value": 105.199378, "relative_strength": -3.141696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.370093, "energy": 16.895535, "activity_lines": [ 103.242131, 101.790742, 102.129216, 102.611207 ] }, { "date": "2025-07-11", "close": 103.53241, "volume": 39602, "typical_volume": 118706.4, "trend": 103.401438, "fair_value": 105.397187, "relative_strength": -3.908059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 1.747385, "energy": 16.103923, "activity_lines": [ 103.758181, 102.168983, 102.236773, 102.612851 ] }, { "date": "2025-07-18", "close": 103.048615, "volume": 34225, "typical_volume": 118059.75, "trend": 103.295409, "fair_value": 105.595739, "relative_strength": -6.840614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 10.800365, "energy": 17.955521, "activity_lines": [ 103.661423, 102.459261, 102.306641, 102.590088 ] }, { "date": "2025-07-25", "close": 100.145836, "volume": 121229, "typical_volume": 120035.0, "trend": 103.108221, "fair_value": 105.764927, "relative_strength": -9.191724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.992555, "energy": 10.87226, "activity_lines": [ 102.339046, 102.212965, 102.10183, 102.38689 ] }, { "date": "2025-08-01", "close": 98.210645, "volume": 81338, "typical_volume": 119985.75, "trend": 102.825328, "fair_value": 105.898495, "relative_strength": -10.959878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.195538, "energy": 32.109955, "activity_lines": [ 100.758643, 101.623612, 101.723857, 102.070917 ] }, { "date": "2025-08-08", "close": 98.210648, "volume": 50788, "typical_volume": 119084.7, "trend": 102.542435, "fair_value": 106.037726, "relative_strength": -12.757864, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.026803, "energy": 49.922172, "activity_lines": [ 99.597531, 101.060649, 101.348414, 101.773196 ] }, { "date": "2025-08-15", "close": 102.564812, "volume": 94692, "typical_volume": 102433.65, "trend": 102.404681, "fair_value": 106.203735, "relative_strength": -9.71838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.205847, "energy": 34.613797, "activity_lines": [ 100.242592, 101.289352, 101.399097, 101.774639 ] }, { "date": "2025-08-22", "close": 102.564812, "volume": 85650, "typical_volume": 104630.95, "trend": 102.298125, "fair_value": 106.349361, "relative_strength": -7.314012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.709731, "energy": 29.007732, "activity_lines": [ 100.952159, 101.4125, 101.463603, 101.78497 ] }, { "date": "2025-08-29", "close": 104.5, "volume": 192403, "typical_volume": 97951.0, "trend": 102.240477, "fair_value": 106.491539, "relative_strength": -7.125592, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.263495, "energy": 10.565453, "activity_lines": [ 102.339042, 101.825925, 101.723931, 101.927027 ] }, { "date": "2025-09-05", "close": 104.016205, "volume": 31000, "typical_volume": 87936.75, "trend": 102.229098, "fair_value": 106.624953, "relative_strength": -8.247457, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.424281, "energy": 19.950578, "activity_lines": [ 103.274382, 102.177777, 101.915146, 102.04159 ] }, { "date": "2025-09-12", "close": 103.53241, "volume": 128612, "typical_volume": 87803.6, "trend": 102.279587, "fair_value": 106.744509, "relative_strength": -11.812952, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.336054, "energy": 22.33626, "activity_lines": [ 103.66142, 102.450463, 102.078715, 102.125675 ] }, { "date": "2025-09-19", "close": 103.048615, "volume": 44275, "typical_volume": 87467.0, "trend": 102.204757, "fair_value": 106.849073, "relative_strength": -12.205389, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.800539, "energy": 32.337775, "activity_lines": [ 103.532409, 102.635186, 102.20312, 102.175289 ] }, { "date": "2025-09-26", "close": 102.564812, "volume": 34036, "typical_volume": 85313.0, "trend": 102.176196, "fair_value": 106.94261, "relative_strength": -12.343868, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 47.57095, "energy": 33.607883, "activity_lines": [ 103.209877, 102.740741, 102.283753, 102.198519 ] }, { "date": "2025-10-03", "close": 101.113426, "volume": 13049, "typical_volume": 82262.15, "trend": 102.130454, "fair_value": 107.026842, "relative_strength": -17.106027, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.296537, "energy": 3.475302, "activity_lines": [ 102.40355, 102.591204, 102.226158, 102.129953 ] }, { "date": "2025-10-10", "close": 99.662041, "volume": 50511, "typical_volume": 82781.1, "trend": 102.161124, "fair_value": 107.133478, "relative_strength": -19.551044, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -37.678852, "energy": 22.998722, "activity_lines": [ 101.339199, 102.160186, 102.028032, 101.970701 ] }, { "date": "2025-10-17", "close": 100.145836, "volume": 33201, "typical_volume": 82837.6, "trend": 102.145525, "fair_value": 107.225663, "relative_strength": -18.835037, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.593745, "energy": 29.719489, "activity_lines": [ 100.726391, 101.790742, 101.875982, 101.840682 ] }, { "date": "2025-10-24", "close": 98.210648, "volume": 52262, "typical_volume": 83246.25, "trend": 101.903627, "fair_value": 107.333186, "relative_strength": -20.745739, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.372926, "energy": 56.348721, "activity_lines": [ 99.694291, 101.034261, 101.530413, 101.586819 ] }, { "date": "2025-10-31", "close": 96.759262, "volume": 32336, "typical_volume": 80609.05, "trend": 101.629476, "fair_value": 107.441597, "relative_strength": -23.475774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.029123, "energy": 73.308658, "activity_lines": [ 98.500928, 100.093057, 101.039706, 101.254924 ] }, { "date": "2025-11-07", "close": 95.791664, "volume": 30143, "typical_volume": 69212.6, "trend": 101.500464, "fair_value": 107.548902, "relative_strength": -22.23252, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.614945, "energy": 78.694631, "activity_lines": [ 97.372068, 99.081482, 100.468365, 100.878291 ] }, { "date": "2025-11-14", "close": 95.501389, "volume": 34240, "typical_volume": 62887.15, "trend": 101.087624, "fair_value": 107.636793, "relative_strength": -21.40886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.843313, "energy": 83.102439, "activity_lines": [ 96.501235, 98.175464, 99.917759, 100.491254 ] }, { "date": "2025-11-21", "close": 95.404625, "volume": 24406, "typical_volume": 60399.9, "trend": 100.768319, "fair_value": 107.705946, "relative_strength": -18.253324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.474263, "energy": 82.93475, "activity_lines": [ 95.875523, 97.406666, 99.400787, 100.124609 ] }, { "date": "2025-11-28", "close": 94.824074, "volume": 21209, "typical_volume": 59480.25, "trend": 100.478041, "fair_value": 107.759488, "relative_strength": -21.809669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.642194, "energy": 83.808664, "activity_lines": [ 95.372375, 96.680092, 98.867229, 99.741109 ] }, { "date": "2025-12-05", "close": 92.79213, "volume": 62404, "typical_volume": 60889.2, "trend": 100.152285, "fair_value": 107.803401, "relative_strength": -23.955466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.200373, "energy": 87.485098, "activity_lines": [ 94.417684, 95.733611, 98.18162, 99.245244 ] }, { "date": "2025-12-12", "close": 87.470375, "volume": 145237, "typical_volume": 62089.6, "trend": 99.713643, "fair_value": 107.792251, "relative_strength": -28.395576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.506035, "energy": 93.977633, "activity_lines": [ 91.95355, 93.997223, 97.038019, 98.427057 ] }, { "date": "2025-12-19", "close": 88.728241, "volume": 55080, "typical_volume": 60776.7, "trend": 99.349183, "fair_value": 107.758024, "relative_strength": -25.584139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.290754, "energy": 90.16461, "activity_lines": [ 90.463458, 92.737593, 96.074573, 97.718321 ] }, { "date": "2025-12-26", "close": 87.857414, "volume": 35511, "typical_volume": 60012.85, "trend": 99.004075, "fair_value": 107.729539, "relative_strength": -28.011271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.427329, "energy": 90.171163, "activity_lines": [ 89.134633, 91.518427, 95.073345, 96.976916 ] }, { "date": "2026-01-02", "close": 88.728241, "volume": 29236, "typical_volume": 56740.05, "trend": 98.736374, "fair_value": 107.681156, "relative_strength": -28.763682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.9243, "energy": 84.88919, "activity_lines": [ 88.599231, 90.68102, 94.204355, 96.313959 ] }, { "date": "2026-01-09", "close": 89.695831, "volume": 64229, "typical_volume": 55669.0, "trend": 98.420294, "fair_value": 107.655963, "relative_strength": -29.679184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.700574, "energy": 68.798968, "activity_lines": [ 88.792748, 90.191945, 93.493405, 95.730699 ] }, { "date": "2026-01-16", "close": 91.050461, "volume": 65100, "typical_volume": 49303.85, "trend": 97.923596, "fair_value": 107.622467, "relative_strength": -30.611368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.728826, "energy": 59.401361, "activity_lines": [ 89.644228, 90.077593, 92.972747, 95.255225 ] }, { "date": "2026-01-23", "close": 89.986115, "volume": 158158, "typical_volume": 55661.75, "trend": 97.4398, "fair_value": 107.551007, "relative_strength": -32.060254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.233438, "energy": 45.841841, "activity_lines": [ 89.902254, 89.855927, 92.414769, 94.74313 ] }, { "date": "2026-01-30", "close": 89.889351, "volume": 57217, "typical_volume": 52092.0, "trend": 96.985031, "fair_value": 107.48742, "relative_strength": -31.80793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.471926, "energy": 39.456297, "activity_lines": [ 90.044167, 89.716945, 91.914386, 94.256004 ] }, { "date": "2026-02-06", "close": 99.178238, "volume": 146068, "typical_volume": 57181.65, "trend": 96.839892, "fair_value": 107.46073, "relative_strength": -23.623213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.099747, "energy": 15.410042, "activity_lines": [ 93.146913, 91.36713, 92.363625, 94.397501 ] }, { "date": "2026-02-13", "close": 99.662041, "volume": 316042, "typical_volume": 71281.95, "trend": 96.727007, "fair_value": 107.386183, "relative_strength": -26.91798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.619714, "energy": 25.677362, "activity_lines": [ 95.71426, 93.026112, 92.877371, 94.579575 ] }, { "date": "2026-02-27", "close": 105.46759, "volume": 205286, "typical_volume": 80893.8, "trend": 96.904398, "fair_value": 107.266753, "relative_strength": -26.099874, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 48.029608, "energy": 49.012538, "activity_lines": [ 99.552376, 95.615741, 93.957849, 95.143484 ] }, { "date": "2026-03-06", "close": 101.597221, "volume": 234055, "typical_volume": 90071.0, "trend": 97.017284, "fair_value": 107.150822, "relative_strength": -24.439096, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.090546, "energy": 45.611487, "activity_lines": [ 101.139228, 97.174444, 94.648986, 95.446247 ] }, { "date": "2026-03-13", "close": 103.53241, "volume": 183173, "typical_volume": 97569.6, "trend": 97.194676, "fair_value": 107.02748, "relative_strength": -22.000872, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.554855, "energy": 62.394381, "activity_lines": [ 102.597068, 98.851019, 95.515212, 95.866578 ] }, { "date": "2026-03-20", "close": 104.5, "volume": 174052, "typical_volume": 103659.1, "trend": 97.259183, "fair_value": 107.003763, "relative_strength": -21.08204, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.713473, "energy": 67.755316, "activity_lines": [ 103.467902, 100.418519, 96.457463, 96.337889 ] }, { "date": "2026-03-27", "close": 104.0, "volume": 54344, "typical_volume": 104759.5, "trend": 97.307022, "fair_value": 106.962685, "relative_strength": -19.894417, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.596259, "energy": 52.911145, "activity_lines": [ 103.817284, 101.60835, 97.322145, 96.77278 ] }, { "date": "2026-04-03", "close": 103.5, "volume": 46062, "typical_volume": 105555.45, "trend": 97.273689, "fair_value": 106.915572, "relative_strength": -18.274236, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.500811, "energy": 42.03422, "activity_lines": [ 103.710803, 102.447197, 98.104729, 97.172327 ] }, { "date": "2026-04-10", "close": 109.5, "volume": 196075, "typical_volume": 113647.2, "trend": 97.456482, "fair_value": 106.904089, "relative_strength": -19.753469, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.888808, "energy": 63.42804, "activity_lines": [ 105.735494, 104.150598, 99.422035, 97.961121 ] }, { "date": "2026-04-17", "close": 108.0, "volume": 154217, "typical_volume": 120137.75, "trend": 97.605402, "fair_value": 106.857512, "relative_strength": -23.000812, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.045765, "energy": 56.545245, "activity_lines": [ 106.733333, 105.226473, 100.529824, 98.641348 ] }, { "date": "2026-04-24", "close": 104.0, "volume": 125321, "typical_volume": 125343.35, "trend": 97.637115, "fair_value": 106.765477, "relative_strength": -28.867748, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.011953, "energy": 46.003937, "activity_lines": [ 106.1, 105.245791, 101.196682, 99.053903 ] }, { "date": "2026-05-01", "close": 99.0, "volume": 79405, "typical_volume": 126193.4, "trend": 97.518287, "fair_value": 106.672531, "relative_strength": -31.313945, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.195759, "energy": 32.123875, "activity_lines": [ 103.833333, 104.26835, 101.343655, 99.141831 ] }, { "date": "2026-05-08", "close": 95.5, "volume": 102197, "typical_volume": 124041.4, "trend": 97.331173, "fair_value": 106.545826, "relative_strength": -37.12934, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.278865, "energy": 15.717004, "activity_lines": [ 100.733333, 102.666583, 101.127734, 99.011619 ] }, { "date": "2026-05-15", "close": 118.0, "volume": 606814, "typical_volume": 151628.1, "trend": 97.942439, "fair_value": 106.552027, "relative_strength": -20.650863, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.478158, "energy": 36.401169, "activity_lines": [ 105.666667, 105.336953, 103.016433, 100.345092 ] }, { "date": "2026-05-22", "close": 110.5, "volume": 1249635, "typical_volume": 212334.3, "trend": 98.287577, "fair_value": 106.490335, "relative_strength": -26.844188, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.536205, "energy": 34.958827, "activity_lines": [ 107.533333, 106.345455, 104.051457, 101.155257 ] }, { "date": "2026-05-29", "close": 115.5, "volume": 1050135, "typical_volume": 263379.25, "trend": 98.863889, "fair_value": 106.500328, "relative_strength": -26.953182, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.075086, "energy": 50.707611, "activity_lines": [ 110.9, 108.136364, 105.45485, 102.265736 ] }, { "date": "2026-06-05", "close": 124.0, "volume": 3046058, "typical_volume": 412470.7, "trend": 99.771914, "fair_value": 106.522343, "relative_strength": -21.374446, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.237995, "energy": 72.306744, "activity_lines": [ 116.333333, 111.272727, 107.540282, 103.88742 ] }, { "date": "2026-06-12", "close": 112.0, "volume": 895240, "typical_volume": 453977.7, "trend": 100.312192, "fair_value": 106.419309, "relative_strength": -26.755819, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.004449, "energy": 53.342125, "activity_lines": [ 116.1, 111.863636, 108.319504, 104.676329 ] }, { "date": "2026-06-19", "close": 115.0, "volume": 309007, "typical_volume": 461520.15, "trend": 100.962145, "fair_value": 106.392124, "relative_strength": -27.699812, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.397237, "energy": 45.286699, "activity_lines": [ 115.766667, 112.845455, 109.28468, 105.62393 ] }, { "date": "2026-06-26", "close": 121.5, "volume": 1200960, "typical_volume": 518707.3, "trend": 101.831991, "fair_value": 106.378297, "relative_strength": -19.426805, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.375252, "energy": 42.456991, "activity_lines": [ 117.8, 114.909091, 110.749791, 106.948953 ] }, { "date": "2026-07-03", "close": 129.5, "volume": 725110, "typical_volume": 547659.4, "trend": 102.987855, "fair_value": 106.444062, "relative_strength": -17.302322, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.020856, "energy": 44.851784, "activity_lines": [ 121.766667, 118.181818, 112.826279, 108.733986 ] }, { "date": "2026-07-10", "close": 127.5, "volume": 2376230, "typical_volume": 650668.8, "trend": 104.144784, "fair_value": 106.491344, "relative_strength": -15.151597, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.081536, "energy": 43.681273, "activity_lines": [ 124.133333, 120.627273, 114.567901, 110.315414 ] }, { "date": "2026-07-17", "close": 122.5, "volume": 580429, "typical_volume": 669425.95, "trend": 105.312438, "fair_value": 106.495251, "relative_strength": -12.499436, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.053872, "energy": 41.008742, "activity_lines": [ 124.6, 121.645455, 115.700772, 111.499622 ] }, { "date": "2026-07-24", "close": 124.0, "volume": 262446, "typical_volume": 670845.5, "trend": 106.488164, "fair_value": 106.505858, "relative_strength": -12.62127, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.904305, "energy": 38.644797, "activity_lines": [ 124.866667, 122.445455, 116.895392, 112.705271 ] }, { "date": "2026-07-31", "close": 125.5, "volume": 454401, "typical_volume": 684406.9, "trend": 107.742917, "fair_value": 106.581474, "relative_strength": -9.732171, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.804544, "energy": 34.598644, "activity_lines": [ 125.033333, 123.409091, 118.12619, 113.931841 ] }, { "date": "2026-08-07", "close": 144.0, "volume": 1152774, "typical_volume": 733343.0, "trend": 109.585309, "fair_value": 106.769849, "relative_strength": 1.549916, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.786435, "energy": 44.398812, "activity_lines": [ 131.1, 127.463636, 121.014286, 116.271008 ] }, { "date": "2026-08-14", "close": 140.0, "volume": 885174, "typical_volume": 774884.5, "trend": 111.262114, "fair_value": 106.929668, "relative_strength": -4.093132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.966757, "energy": 52.601187, "activity_lines": [ 134.866667, 130.272727, 123.333333, 118.233246 ] } ], "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." } } }