{ "ticker": { "uuid": "c00cbcec-6d22-4ea2-b330-913d6824facf", "symbol": "EMMBI", "name": "Emmbi Industries Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.016, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": -8.872, "architecture_energy": 12.693, "architecture_maturity": 48.948, "architecture_confidence": 52.449, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 60.36, "rotation_up": 18.28, "upward_expansion": 25.55, "deceleration": 68.88, "rotation_down": 43.91, "downward_expansion": 25.55 }, "activity_lines": [ 86.781999, 88.694182, 87.370238, 86.137183 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 83.82, "trend_reference": 86.236, "distance_from_trend": -0.028016, "trend_direction": "Weakening", "fair_value": 106.766663, "distance_from_fair_value": -0.214923, "fair_value_direction": "Improving", "relative_strength": -9.138305, "relative_strength_direction": "Improving", "price_momentum": -0.10103, "excess_performance": -0.05732, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.028016, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.048231, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.214923, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.009339, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.091383, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.043101, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.10103, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.013558, "read": "Demand-led" } ], "volume": { "latest": 61830, "relative_activity": 1.01325, "balance": 2.013558, "dry_up": 0.5842, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.075189, "annualized_volatility": 0.491636, "from_high_reference": -0.282977, "from_low_reference": 0.39005 }, "levels": { "trend_reference": 86.236, "fair_value_reference": 106.766663, "structural_low": 60.299999, "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": 5, "median_return": -0.032341, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.026845, "regime_survival": 0.4, "best_return": 0.026014, "worst_return": -0.187018, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.052712, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.118657, "regime_survival": 0.0, "best_return": 0.23893, "worst_return": -0.155243, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.108212, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.118287, "regime_survival": 0.0, "best_return": 0.318577, "worst_return": -0.102153, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.116678, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.143059, "regime_survival": 0.0, "best_return": -0.013379, "worst_return": -0.219978, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-25", "tenure": "Developing", "return": 0.032068, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-08", "tenure": "New", "return": -0.038429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": -0.015645, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": -0.149917, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.083684, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-23", "tenure": "Developing", "return": 0.359465, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-08-15", "tenure": "Developing", "return": -0.091344, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": 0.035388, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": -0.028278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.047093, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": -0.096032, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-05-22", "tenure": "Established", "return": -0.165016, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": 0.154105, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": -0.110002, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 84.430443, "volume": 224484, "typical_volume": 301557.85, "trend": 87.3832, "fair_value": 91.404393, "relative_strength": -12.991471, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.709484, "energy": 16.973746, "activity_lines": [ 86.820163, 87.098456, 87.357446, 86.952985 ] }, { "date": "2023-08-25", "close": 87.067337, "volume": 133930, "typical_volume": 306252.3, "trend": 87.054214, "fair_value": 91.378177, "relative_strength": -9.687351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.175144, "energy": 9.936064, "activity_lines": [ 86.608884, 87.067665, 87.356825, 86.932607 ] }, { "date": "2023-09-01", "close": 88.211662, "volume": 167767, "typical_volume": 313180.75, "trend": 86.893942, "fair_value": 91.43528, "relative_strength": -8.934764, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.442093, "energy": 11.066978, "activity_lines": [ 86.904817, 87.257598, 87.447017, 87.007281 ] }, { "date": "2023-09-08", "close": 111.5457, "volume": 2687043, "typical_volume": 445742.15, "trend": 87.422221, "fair_value": 91.647941, "relative_strength": 12.85254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.070018, "energy": 70.134672, "activity_lines": [ 95.163775, 91.683745, 89.747923, 88.597717 ] }, { "date": "2023-09-15", "close": 108.709801, "volume": 1016207, "typical_volume": 495294.0, "trend": 88.097279, "fair_value": 91.832035, "relative_strength": 8.103058, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.626293, "energy": 81.136705, "activity_lines": [ 100.862127, 95.14024, 91.650856, 89.971109 ] }, { "date": "2023-09-22", "close": 117.914055, "volume": 1943036, "typical_volume": 590857.6, "trend": 89.097326, "fair_value": 92.080168, "relative_strength": 20.17591, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.932767, "energy": 90.031061, "activity_lines": [ 108.169149, 99.856045, 94.306323, 91.894772 ] }, { "date": "2023-09-29", "close": 114.182602, "volume": 861776, "typical_volume": 501504.85, "trend": 89.949853, "fair_value": 92.305325, "relative_strength": 16.478426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.075439, "energy": 87.24444, "activity_lines": [ 112.000113, 103.308256, 96.458355, 93.513177 ] }, { "date": "2023-10-06", "close": 110.998428, "volume": 380733, "typical_volume": 495999.5, "trend": 90.646656, "fair_value": 92.498739, "relative_strength": 13.134939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.753153, "energy": 82.454055, "activity_lines": [ 112.962001, 105.722822, 98.194315, 94.871149 ] }, { "date": "2023-10-13", "close": 111.5457, "volume": 409415, "typical_volume": 510049.35, "trend": 91.594747, "fair_value": 92.73186, "relative_strength": 13.11181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.382938, "energy": 68.436594, "activity_lines": [ 112.587195, 107.873045, 99.891589, 96.219475 ] }, { "date": "2023-10-20", "close": 112.78952, "volume": 837686, "typical_volume": 535237.65, "trend": 92.71487, "fair_value": 92.950605, "relative_strength": 15.49257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.374486, "energy": 51.598357, "activity_lines": [ 112.626996, 109.80888, 101.596201, 97.58688 ] }, { "date": "2023-10-27", "close": 110.053116, "volume": 450893, "typical_volume": 547521.05, "trend": 93.816503, "fair_value": 93.182971, "relative_strength": 15.496855, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.565567, "energy": 42.554881, "activity_lines": [ 111.482681, 110.774987, 102.920088, 98.705476 ] }, { "date": "2023-11-03", "close": 109.058067, "volume": 212291, "typical_volume": 549133.8, "trend": 94.676715, "fair_value": 93.422495, "relative_strength": 13.250429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.036839, "energy": 34.071402, "activity_lines": [ 110.530746, 111.09431, 104.042834, 99.688803 ] }, { "date": "2023-11-10", "close": 106.271912, "volume": 112275, "typical_volume": 538144.8, "trend": 95.359761, "fair_value": 93.654546, "relative_strength": 9.142517, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.388152, "energy": 27.451931, "activity_lines": [ 108.991728, 110.507227, 104.798831, 100.43688 ] }, { "date": "2023-11-17", "close": 107.863998, "volume": 202689, "typical_volume": 543790.65, "trend": 96.132239, "fair_value": 93.886729, "relative_strength": 8.848617, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.204273, "energy": 21.792123, "activity_lines": [ 108.298506, 109.881247, 105.618793, 101.243605 ] }, { "date": "2023-11-24", "close": 104.033035, "volume": 262947, "typical_volume": 547306.2, "trend": 96.844783, "fair_value": 94.08806, "relative_strength": 4.546984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.478201, "energy": 17.476527, "activity_lines": [ 106.573744, 108.625668, 105.97252, 101.753334 ] }, { "date": "2023-12-01", "close": 101.24688, "volume": 255942, "typical_volume": 549357.2, "trend": 97.325619, "fair_value": 94.233129, "relative_strength": -0.643142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.865855, "energy": 15.991126, "activity_lines": [ 104.504028, 106.948547, 105.974691, 102.03734 ] }, { "date": "2023-12-08", "close": 102.739464, "volume": 344229, "typical_volume": 546181.45, "trend": 97.733901, "fair_value": 94.401616, "relative_strength": -2.499953, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.098626, "energy": 13.296948, "activity_lines": [ 103.518924, 105.845845, 106.045127, 102.38662 ] }, { "date": "2023-12-15", "close": 102.838966, "volume": 155696, "typical_volume": 543410.3, "trend": 98.097569, "fair_value": 94.571055, "relative_strength": -4.523489, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.910523, "energy": 13.773325, "activity_lines": [ 102.988226, 104.969291, 106.059394, 102.715979 ] }, { "date": "2023-12-22", "close": 99.45578, "volume": 213407, "typical_volume": 547953.95, "trend": 98.472424, "fair_value": 94.744618, "relative_strength": -7.140156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.765884, "energy": 12.631703, "activity_lines": [ 101.558663, 103.625967, 105.695014, 102.803606 ] }, { "date": "2023-12-29", "close": 103.535507, "volume": 144459, "typical_volume": 550845.25, "trend": 99.004756, "fair_value": 94.868788, "relative_strength": -4.839119, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 9.476604, "energy": 12.242637, "activity_lines": [ 102.049557, 103.244227, 105.661372, 103.130256 ] }, { "date": "2024-01-05", "close": 106.76944, "volume": 427411, "typical_volume": 560991.6, "trend": 99.639927, "fair_value": 95.034149, "relative_strength": -1.549313, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.487994, "energy": 12.047138, "activity_lines": [ 103.651598, 103.61873, 105.856119, 103.631204 ] }, { "date": "2024-01-12", "close": 115.575676, "volume": 590084, "typical_volume": 583799.3, "trend": 100.566987, "fair_value": 95.257534, "relative_strength": 5.748729, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.513532, "energy": 28.165098, "activity_lines": [ 107.820879, 105.654071, 106.783179, 104.659317 ] }, { "date": "2024-01-19", "close": 112.092987, "volume": 401341, "typical_volume": 595478.0, "trend": 101.374652, "fair_value": 95.477795, "relative_strength": 3.925931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.506758, "energy": 35.005399, "activity_lines": [ 109.973517, 106.937693, 107.2428, 105.402929 ] }, { "date": "2024-01-26", "close": 129.605957, "volume": 1993711, "typical_volume": 560811.4, "trend": 102.809055, "fair_value": 95.843055, "relative_strength": 21.41752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.55476, "energy": 74.004288, "activity_lines": [ 117.346877, 111.299653, 109.256602, 107.224304 ] }, { "date": "2024-02-02", "close": 126.023766, "volume": 1779230, "typical_volume": 598962.55, "trend": 104.145538, "fair_value": 96.106344, "relative_strength": 15.1075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.471112, "energy": 76.434662, "activity_lines": [ 121.516161, 114.614998, 110.843242, 108.722027 ] }, { "date": "2024-02-09", "close": 115.426414, "volume": 627930, "typical_volume": 533207.25, "trend": 105.135388, "fair_value": 96.309886, "relative_strength": 5.797645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.229652, "energy": 65.933604, "activity_lines": [ 120.653777, 115.60372, 111.338163, 109.449826 ] }, { "date": "2024-02-16", "close": 111.5457, "volume": 717152, "typical_volume": 525976.05, "trend": 105.888448, "fair_value": 96.520028, "relative_strength": 0.992038, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.223385, "energy": 46.388922, "activity_lines": [ 117.92069, 115.629048, 111.475338, 109.863394 ] }, { "date": "2024-02-23", "close": 109.953613, "volume": 322797, "typical_volume": 523079.25, "trend": 106.520674, "fair_value": 96.708948, "relative_strength": -1.188651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.340229, "energy": 20.955401, "activity_lines": [ 114.925573, 115.204793, 111.473443, 110.125663 ] }, { "date": "2024-03-01", "close": 105.923637, "volume": 257472, "typical_volume": 515482.1, "trend": 107.140925, "fair_value": 96.865425, "relative_strength": -5.240282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.594756, "energy": 15.280419, "activity_lines": [ 110.729755, 113.918457, 111.092716, 110.087144 ] }, { "date": "2024-03-08", "close": 103.286751, "volume": 232916, "typical_volume": 485243.6, "trend": 107.689864, "fair_value": 97.019163, "relative_strength": -8.029385, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -6.865566, "energy": 15.924345, "activity_lines": [ 107.233797, 112.03509, 110.487628, 109.838488 ] }, { "date": "2024-03-15", "close": 93.734207, "volume": 367367, "typical_volume": 481067.3, "trend": 107.999989, "fair_value": 97.143144, "relative_strength": -14.554688, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.409221, "energy": 28.524081, "activity_lines": [ 102.069458, 108.419419, 109.018025, 108.938123 ] }, { "date": "2024-03-22", "close": 95.376053, "volume": 218088, "typical_volume": 481357.15, "trend": 108.276946, "fair_value": 97.235155, "relative_strength": -13.227301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.455718, "energy": 53.915603, "activity_lines": [ 98.898549, 105.339271, 107.782498, 108.123675 ] }, { "date": "2024-03-29", "close": 88.957947, "volume": 230363, "typical_volume": 487261.55, "trend": 108.301823, "fair_value": 97.274063, "relative_strength": -19.760701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.273797, "energy": 66.900349, "activity_lines": [ 94.666247, 101.45946, 106.000875, 106.877288 ] }, { "date": "2024-04-05", "close": 103.585258, "volume": 251093, "typical_volume": 489681.75, "trend": 108.036475, "fair_value": 97.404218, "relative_strength": -7.295741, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.963251, "energy": 52.908356, "activity_lines": [ 96.709427, 100.659797, 105.694777, 106.572994 ] }, { "date": "2024-04-12", "close": 105.973389, "volume": 220270, "typical_volume": 487547.9, "trend": 107.945261, "fair_value": 97.590288, "relative_strength": -5.143634, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.406494, "energy": 31.169461, "activity_lines": [ 99.704542, 100.767443, 105.636495, 106.439892 ] }, { "date": "2024-04-19", "close": 104.630066, "volume": 169050, "typical_volume": 483203.3, "trend": 107.502461, "fair_value": 97.756099, "relative_strength": -4.741341, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.673427, "energy": 19.383644, "activity_lines": [ 102.072774, 100.995401, 105.441038, 106.226008 ] }, { "date": "2024-04-26", "close": 105.525627, "volume": 126968, "typical_volume": 472340.25, "trend": 107.213895, "fair_value": 97.930484, "relative_strength": -5.143913, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.462606, "energy": 19.0192, "activity_lines": [ 104.013135, 101.582485, 105.314761, 106.09847 ] }, { "date": "2024-05-03", "close": 103.933525, "volume": 121181, "typical_volume": 470614.5, "trend": 106.978399, "fair_value": 97.968755, "relative_strength": -6.74206, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.048307, "energy": 18.167902, "activity_lines": [ 104.746158, 101.989553, 105.023589, 105.886834 ] }, { "date": "2024-05-10", "close": 98.908501, "volume": 104190, "typical_volume": 465153.65, "trend": 106.557159, "fair_value": 98.005976, "relative_strength": -9.39793, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.676249, "energy": 17.141848, "activity_lines": [ 102.8058, 101.592435, 104.24863, 105.366195 ] }, { "date": "2024-05-17", "close": 108.212265, "volume": 979198, "typical_volume": 506890.6, "trend": 106.404583, "fair_value": 98.036106, "relative_strength": -2.600148, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.321902, "energy": 11.434788, "activity_lines": [ 104.278482, 103.01446, 104.36235, 105.472976 ] }, { "date": "2024-05-24", "close": 106.22216, "volume": 214346, "typical_volume": 496237.35, "trend": 106.276885, "fair_value": 98.114858, "relative_strength": -6.384816, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.127919, "energy": 10.728153, "activity_lines": [ 104.938536, 103.985092, 104.264267, 105.461207 ] }, { "date": "2024-05-31", "close": 98.659737, "volume": 171416, "typical_volume": 475303.95, "trend": 105.930274, "fair_value": 98.10201, "relative_strength": -11.284817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.860672, "energy": 20.344861, "activity_lines": [ 102.971643, 103.353684, 103.448558, 104.969778 ] }, { "date": "2024-06-07", "close": 100.500587, "volume": 319831, "typical_volume": 471228.45, "trend": 105.737896, "fair_value": 98.087428, "relative_strength": -12.436479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.19609, "energy": 14.963019, "activity_lines": [ 102.076093, 102.997273, 102.888721, 104.619476 ] }, { "date": "2024-06-14", "close": 103.386246, "volume": 215075, "typical_volume": 382296.65, "trend": 105.588638, "fair_value": 98.121875, "relative_strength": -10.506383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.673816, "energy": 16.501214, "activity_lines": [ 102.371292, 102.955661, 102.65891, 104.467756 ] }, { "date": "2024-06-21", "close": 111.356644, "volume": 395687, "typical_volume": 313119.5, "trend": 105.832758, "fair_value": 98.21434, "relative_strength": -3.76432, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.081167, "energy": 4.530398, "activity_lines": [ 105.024773, 104.366831, 103.313041, 104.839886 ] }, { "date": "2024-06-28", "close": 109.555595, "volume": 705935, "typical_volume": 317019.75, "trend": 106.109715, "fair_value": 98.294001, "relative_strength": -7.348399, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.635867, "energy": 16.298935, "activity_lines": [ 106.86828, 105.35266, 103.865487, 105.080069 ] }, { "date": "2024-07-05", "close": 110.729759, "volume": 898301, "typical_volume": 326077.2, "trend": 106.376059, "fair_value": 98.363247, "relative_strength": -7.600119, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.930937, "energy": 26.543077, "activity_lines": [ 108.880946, 106.462418, 104.557714, 105.378136 ] }, { "date": "2024-07-12", "close": 108.918755, "volume": 267265, "typical_volume": 323300.6, "trend": 106.578718, "fair_value": 98.385943, "relative_strength": -9.795017, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.02206, "energy": 28.476507, "activity_lines": [ 109.485275, 107.148282, 105.08135, 105.542181 ] }, { "date": "2024-07-19", "close": 104.580315, "volume": 479462, "typical_volume": 334400.1, "trend": 106.749536, "fair_value": 98.294897, "relative_strength": -13.40781, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.366717, "energy": 18.204928, "activity_lines": [ 108.082247, 106.954699, 105.196729, 105.413252 ] }, { "date": "2024-07-26", "close": 107.625191, "volume": 453524, "typical_volume": 345430.5, "trend": 106.885859, "fair_value": 98.271529, "relative_strength": -11.874839, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.221166, "energy": 12.006036, "activity_lines": [ 107.614573, 107.211605, 105.608493, 105.469745 ] }, { "date": "2024-08-02", "close": 107.714737, "volume": 429601, "typical_volume": 348542.2, "trend": 106.917369, "fair_value": 98.272658, "relative_strength": -11.343263, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.025604, "energy": 5.468461, "activity_lines": [ 107.425511, 107.495466, 106.008125, 105.523221 ] }, { "date": "2024-08-09", "close": 105.396255, "volume": 307710, "typical_volume": 353023.3, "trend": 106.578055, "fair_value": 98.263646, "relative_strength": -11.955432, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.780642, "energy": 4.098401, "activity_lines": [ 106.586345, 107.330648, 106.120377, 105.425085 ] }, { "date": "2024-08-16", "close": 101.465797, "volume": 184978, "typical_volume": 350754.05, "trend": 106.223815, "fair_value": 98.283265, "relative_strength": -15.760145, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.588008, "energy": 8.741925, "activity_lines": [ 104.792594, 106.328719, 105.810583, 105.095262 ] }, { "date": "2024-08-23", "close": 121.695274, "volume": 1607597, "typical_volume": 418579.25, "trend": 105.960126, "fair_value": 98.416822, "relative_strength": -0.262599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.719712, "energy": 40.125423, "activity_lines": [ 110.238866, 108.987327, 107.367845, 106.093421 ] }, { "date": "2024-08-30", "close": 123.41671, "volume": 860415, "typical_volume": 450586.5, "trend": 105.873224, "fair_value": 98.537491, "relative_strength": -0.642861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.050666, "energy": 61.533745, "activity_lines": [ 115.117952, 111.626032, 109.002816, 107.219652 ] }, { "date": "2024-09-06", "close": 130.461716, "volume": 1115330, "typical_volume": 497900.5, "trend": 106.374401, "fair_value": 98.728187, "relative_strength": 6.808454, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.451694, "energy": 77.454074, "activity_lines": [ 121.292606, 115.326373, 111.225676, 108.806006 ] }, { "date": "2024-09-13", "close": 142.610703, "volume": 4379833, "typical_volume": 710543.75, "trend": 107.409901, "fair_value": 98.952693, "relative_strength": 14.324897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.818513, "energy": 86.799191, "activity_lines": [ 130.000457, 120.85551, 114.482574, 111.143832 ] }, { "date": "2024-09-20", "close": 142.062286, "volume": 1336160, "typical_volume": 771292.7, "trend": 108.48019, "fair_value": 99.191375, "relative_strength": 12.179578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.961166, "energy": 86.45773, "activity_lines": [ 136.044539, 125.705281, 117.510647, 113.37947 ] }, { "date": "2024-09-27", "close": 133.167816, "volume": 324137, "typical_volume": 782290.05, "trend": 109.388329, "fair_value": 99.363248, "relative_strength": 3.893529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.254403, "energy": 80.342027, "activity_lines": [ 136.417365, 128.335266, 119.510061, 114.97222 ] }, { "date": "2024-10-04", "close": 130.226257, "volume": 338539, "typical_volume": 750257.1, "trend": 110.286313, "fair_value": 99.528902, "relative_strength": 6.512513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.686665, "energy": 65.746631, "activity_lines": [ 135.044835, 129.910649, 121.066188, 116.316602 ] }, { "date": "2024-10-11", "close": 134.942719, "volume": 1009073, "typical_volume": 789993.45, "trend": 111.65993, "fair_value": 99.711204, "relative_strength": 10.698191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.780076, "energy": 47.603545, "activity_lines": [ 134.79049, 131.932643, 122.966673, 117.907338 ] }, { "date": "2024-10-18", "close": 126.935699, "volume": 235197, "typical_volume": 793182.5, "trend": 112.711918, "fair_value": 99.884198, "relative_strength": 4.865764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.143217, "energy": 31.743699, "activity_lines": [ 131.568404, 132.00376, 123.96782, 118.892872 ] }, { "date": "2024-10-25", "close": 127.374435, "volume": 1067040, "typical_volume": 830542.95, "trend": 113.992467, "fair_value": 100.049263, "relative_strength": 8.376399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.285337, "energy": 25.040023, "activity_lines": [ 129.537564, 131.763021, 124.876104, 119.838841 ] }, { "date": "2024-11-01", "close": 141.414154, "volume": 507526, "typical_volume": 845165.5, "trend": 115.253431, "fair_value": 100.295479, "relative_strength": 19.640658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.834648, "energy": 32.320067, "activity_lines": [ 133.16582, 133.603893, 126.993533, 121.607982 ] }, { "date": "2024-11-08", "close": 135.979736, "volume": 349319, "typical_volume": 842847.1, "trend": 116.253642, "fair_value": 100.511599, "relative_strength": 15.713551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.985324, "energy": 31.470974, "activity_lines": [ 134.432848, 134.098163, 128.412314, 122.945163 ] }, { "date": "2024-11-15", "close": 133.845856, "volume": 318414, "typical_volume": 823471.05, "trend": 117.227502, "fair_value": 100.733312, "relative_strength": 16.774653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.115111, "energy": 31.01728, "activity_lines": [ 134.605017, 133.976036, 129.510615, 124.080144 ] }, { "date": "2024-11-22", "close": 143.757416, "volume": 944369, "typical_volume": 825774.45, "trend": 118.501895, "fair_value": 101.038147, "relative_strength": 23.088935, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.163281, "energy": 39.968317, "activity_lines": [ 138.154164, 135.594482, 131.437206, 125.791752 ] }, { "date": "2024-11-29", "close": 136.707657, "volume": 511914, "typical_volume": 838006.9, "trend": 119.594366, "fair_value": 101.279784, "relative_strength": 15.661961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.222552, "energy": 32.16075, "activity_lines": [ 138.231943, 135.910304, 132.535117, 126.966317 ] }, { "date": "2024-12-06", "close": 140.885651, "volume": 381395, "typical_volume": 833103.55, "trend": 120.993604, "fair_value": 101.505554, "relative_strength": 16.186858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.025796, "energy": 33.357634, "activity_lines": [ 139.080172, 137.083117, 133.898604, 128.339948 ] }, { "date": "2024-12-13", "close": 152.173264, "volume": 1090323, "typical_volume": 864943.5, "trend": 122.458971, "fair_value": 101.843486, "relative_strength": 24.379432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.28322, "energy": 49.223313, "activity_lines": [ 143.726172, 140.1679, 136.164219, 130.351539 ] }, { "date": "2024-12-20", "close": 155.982315, "volume": 3239235, "typical_volume": 1005425.2, "trend": 124.117643, "fair_value": 102.21089, "relative_strength": 32.864161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.34957, "energy": 52.129008, "activity_lines": [ 148.562288, 143.546202, 138.580468, 132.514336 ] }, { "date": "2024-12-27", "close": 164.029236, "volume": 4454163, "typical_volume": 1212747.85, "trend": 126.296626, "fair_value": 102.612185, "relative_strength": 37.266659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.465672, "energy": 66.874296, "activity_lines": [ 154.604946, 148.005041, 141.533244, 135.089277 ] }, { "date": "2025-01-03", "close": 161.636108, "volume": 1198793, "typical_volume": 1263438.6, "trend": 128.334477, "fair_value": 102.992452, "relative_strength": 33.258494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.11479, "energy": 67.124837, "activity_lines": [ 158.498441, 151.354339, 143.978899, 137.369244 ] }, { "date": "2025-01-10", "close": 143.617813, "volume": 1855257, "typical_volume": 1275821.6, "trend": 129.675529, "fair_value": 103.192454, "relative_strength": 20.908938, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.243084, "energy": 43.378346, "activity_lines": [ 154.72394, 150.804643, 144.422, 138.355265 ] }, { "date": "2025-01-17", "close": 135.949814, "volume": 664444, "typical_volume": 1266023.05, "trend": 130.495301, "fair_value": 103.370471, "relative_strength": 15.284337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.843711, "energy": 24.051407, "activity_lines": [ 148.211296, 148.820699, 144.030422, 138.760058 ] }, { "date": "2025-01-24", "close": 131.751877, "volume": 649662, "typical_volume": 1242739.65, "trend": 131.235177, "fair_value": 103.555066, "relative_strength": 12.416534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.092925, "energy": 14.405017, "activity_lines": [ 141.380902, 146.074038, 143.17936, 138.841127 ] }, { "date": "2025-01-31", "close": 126.307495, "volume": 463264, "typical_volume": 1046911.2, "trend": 131.754435, "fair_value": 103.683278, "relative_strength": 6.021329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.5804, "energy": 19.267818, "activity_lines": [ 134.351077, 142.375562, 141.803641, 138.523212 ] }, { "date": "2025-02-07", "close": 126.666466, "volume": 332332, "typical_volume": 996719.8, "trend": 132.346026, "fair_value": 103.837802, "relative_strength": 6.058902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.937173, "energy": 26.670442, "activity_lines": [ 129.955692, 139.059624, 140.539745, 138.194956 ] }, { "date": "2025-02-14", "close": 107.371841, "volume": 301197, "typical_volume": 995572.8, "trend": 132.439076, "fair_value": 103.881595, "relative_strength": -7.49103, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.255374, "energy": 49.956652, "activity_lines": [ 121.460075, 132.41814, 137.511578, 136.583719 ] }, { "date": "2025-02-21", "close": 111.529907, "volume": 223330, "typical_volume": 989812.35, "trend": 132.569234, "fair_value": 104.02281, "relative_strength": -3.325318, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.664636, "energy": 59.228454, "activity_lines": [ 116.766878, 127.14201, 135.002256, 135.23474 ] }, { "date": "2025-02-28", "close": 98.267975, "volume": 228667, "typical_volume": 950792.05, "trend": 132.254342, "fair_value": 104.090702, "relative_strength": -12.136519, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.842907, "energy": 68.307415, "activity_lines": [ 109.28103, 120.193589, 131.318923, 133.021755 ] }, { "date": "2025-03-07", "close": 102.196693, "volume": 247770, "typical_volume": 951420.7, "trend": 132.14769, "fair_value": 104.143971, "relative_strength": -10.336513, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.077376, "energy": 75.888995, "activity_lines": [ 105.337016, 115.008833, 128.184395, 131.082552 ] }, { "date": "2025-03-14", "close": 90.181183, "volume": 328497, "typical_volume": 914493.55, "trend": 131.771536, "fair_value": 104.11927, "relative_strength": -20.260151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.555327, "energy": 81.985084, "activity_lines": [ 98.995218, 108.763666, 124.023338, 128.375036 ] }, { "date": "2025-03-21", "close": 99.225227, "volume": 262578, "typical_volume": 902246.15, "trend": 131.022534, "fair_value": 104.174658, "relative_strength": -15.823354, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.513883, "energy": 76.022493, "activity_lines": [ 98.100454, 105.462052, 120.900729, 126.275274 ] }, { "date": "2025-03-28", "close": 87.19973, "volume": 428625, "typical_volume": 906211.45, "trend": 129.815302, "fair_value": 104.079033, "relative_strength": -26.478932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.801642, "energy": 77.89119, "activity_lines": [ 93.740298, 100.781121, 116.833734, 123.447996 ] }, { "date": "2025-04-04", "close": 86.511711, "volume": 304465, "typical_volume": 905514.0, "trend": 128.350301, "fair_value": 103.947405, "relative_strength": -24.864754, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.470795, "energy": 79.307411, "activity_lines": [ 90.772814, 96.861462, 112.933499, 120.654216 ] }, { "date": "2025-04-11", "close": 88.037331, "volume": 165462, "typical_volume": 866568.65, "trend": 126.531189, "fair_value": 103.812604, "relative_strength": -23.035458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.786554, "energy": 77.536766, "activity_lines": [ 89.097622, 94.041736, 109.403962, 118.053379 ] }, { "date": "2025-04-18", "close": 115.787689, "volume": 1316430, "typical_volume": 906794.45, "trend": 125.655369, "fair_value": 103.85885, "relative_strength": -3.165696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.909493, "energy": 42.891204, "activity_lines": [ 97.616506, 96.963351, 108.78265, 117.36025 ] }, { "date": "2025-04-25", "close": 106.564163, "volume": 214902, "typical_volume": 898469.8, "trend": 124.768581, "fair_value": 103.897465, "relative_strength": -11.482275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.309126, "energy": 31.207002, "activity_lines": [ 101.353781, 98.405757, 107.382526, 116.12856 ] }, { "date": "2025-05-02", "close": 104.629715, "volume": 85733, "typical_volume": 848240.3, "trend": 123.915363, "fair_value": 103.974545, "relative_strength": -14.078473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.188155, "energy": 24.365294, "activity_lines": [ 103.956978, 99.511131, 105.961604, 114.829278 ] }, { "date": "2025-05-09", "close": 104.360489, "volume": 204799, "typical_volume": 696518.5, "trend": 122.895955, "fair_value": 104.097603, "relative_strength": -13.044486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.278898, "energy": 26.264142, "activity_lines": [ 105.308434, 100.693012, 104.74144, 113.567673 ] }, { "date": "2025-05-16", "close": 119.377388, "volume": 297086, "typical_volume": 488664.65, "trend": 122.644011, "fair_value": 104.297021, "relative_strength": -4.537887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.152533, "energy": 17.787239, "activity_lines": [ 110.475604, 104.494465, 105.197275, 113.340669 ] }, { "date": "2025-05-23", "close": 122.598137, "volume": 222758, "typical_volume": 439862.9, "trend": 122.484801, "fair_value": 104.501287, "relative_strength": -1.421012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.538833, "energy": 16.720369, "activity_lines": [ 114.62702, 108.569134, 106.172475, 113.337709 ] }, { "date": "2025-05-30", "close": 110.582626, "volume": 464494, "typical_volume": 370324.75, "trend": 121.457084, "fair_value": 104.620318, "relative_strength": -10.744926, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.446238, "energy": 17.03046, "activity_lines": [ 114.319236, 109.869764, 106.189237, 112.569827 ] }, { "date": "2025-06-06", "close": 113.66378, "volume": 166678, "typical_volume": 345436.45, "trend": 120.713218, "fair_value": 104.787848, "relative_strength": -9.264424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.427964, "energy": 17.774743, "activity_lines": [ 114.770605, 111.524106, 106.656751, 112.067033 ] }, { "date": "2025-06-13", "close": 114.072609, "volume": 264329, "typical_volume": 326169.8, "trend": 120.05411, "fair_value": 104.98896, "relative_strength": -7.963989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.441428, "energy": 14.247694, "activity_lines": [ 114.75598, 112.771617, 107.269327, 111.638607 ] }, { "date": "2025-06-20", "close": 109.934486, "volume": 147975, "typical_volume": 310405.35, "trend": 118.926679, "fair_value": 105.190715, "relative_strength": -12.572683, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.234377, "energy": 11.111807, "activity_lines": [ 112.714506, 112.765633, 107.571982, 110.985728 ] }, { "date": "2025-06-27", "close": 108.807724, "volume": 164640, "typical_volume": 302020.75, "trend": 117.996681, "fair_value": 105.377981, "relative_strength": -15.13817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.568378, "energy": 12.120026, "activity_lines": [ 110.926972, 112.156655, 107.845293, 110.332892 ] }, { "date": "2025-07-04", "close": 112.058388, "volume": 107645, "typical_volume": 292343.15, "trend": 117.035773, "fair_value": 105.539644, "relative_strength": -11.944839, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.285185, "energy": 13.28209, "activity_lines": [ 111.142353, 112.265614, 108.513232, 109.949776 ] }, { "date": "2025-07-11", "close": 107.461578, "volume": 130589, "typical_volume": 287706.1, "trend": 115.545383, "fair_value": 105.644354, "relative_strength": -14.455532, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.793196, "energy": 17.509766, "activity_lines": [ 109.72708, 111.438895, 108.721064, 109.332086 ] }, { "date": "2025-07-18", "close": 108.319122, "volume": 65344, "typical_volume": 279539.95, "trend": 113.95661, "fair_value": 105.75077, "relative_strength": -13.171347, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.785898, "energy": 14.867031, "activity_lines": [ 109.011135, 110.716604, 109.029939, 108.865876 ] }, { "date": "2025-07-25", "close": 112.806244, "volume": 183501, "typical_volume": 276326.5, "trend": 112.249177, "fair_value": 105.896691, "relative_strength": -9.168869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.06229, "energy": 7.73056, "activity_lines": [ 110.174463, 110.738178, 109.718297, 108.791659 ] }, { "date": "2025-08-01", "close": 109.366119, "volume": 83753, "typical_volume": 264089.3, "trend": 110.506844, "fair_value": 106.019613, "relative_strength": -10.9973, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.896063, "energy": 10.906127, "activity_lines": [ 109.999632, 110.253751, 110.028502, 108.605655 ] }, { "date": "2025-08-08", "close": 103.24369, "volume": 95197, "typical_volume": 255720.25, "trend": 109.16104, "fair_value": 106.120664, "relative_strength": -15.254427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.900431, "energy": 15.561026, "activity_lines": [ 107.746765, 108.896737, 109.664262, 108.137065 ] }, { "date": "2025-08-15", "close": 100.481613, "volume": 55679, "typical_volume": 237072.95, "trend": 107.978767, "fair_value": 106.141456, "relative_strength": -18.40174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -35.215081, "energy": 36.1636, "activity_lines": [ 105.160853, 107.170962, 109.017831, 107.577101 ] }, { "date": "2025-08-22", "close": 102.40609, "volume": 54099, "typical_volume": 224554.65, "trend": 107.000574, "fair_value": 106.165422, "relative_strength": -17.388019, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.867355, "energy": 40.113985, "activity_lines": [ 103.681764, 106.034768, 108.491437, 107.217574 ] }, { "date": "2025-08-29", "close": 101.199554, "volume": 186650, "typical_volume": 225614.05, "trend": 106.163642, "fair_value": 106.187026, "relative_strength": -16.639493, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.896555, "energy": 47.121078, "activity_lines": [ 102.194698, 104.891323, 107.774447, 106.843315 ] }, { "date": "2025-09-05", "close": 103.24369, "volume": 70023, "typical_volume": 163293.7, "trend": 105.382883, "fair_value": 106.223004, "relative_strength": -15.684322, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.968447, "energy": 42.134677, "activity_lines": [ 102.16279, 104.278355, 107.189459, 106.654931 ] }, { "date": "2025-09-12", "close": 105.059998, "volume": 81461, "typical_volume": 156621.65, "trend": 105.305822, "fair_value": 106.251554, "relative_strength": -14.999415, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.727254, "energy": 20.501455, "activity_lines": [ 103.14448, 104.096789, 106.837186, 106.634099 ] }, { "date": "2025-09-19", "close": 106.029999, "volume": 74627, "typical_volume": 156066.35, "trend": 105.122491, "fair_value": 106.305711, "relative_strength": -14.49462, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.996392, "energy": 11.57471, "activity_lines": [ 104.328417, 104.218831, 106.584458, 106.68082 ] }, { "date": "2025-09-26", "close": 102.199997, "volume": 48115, "typical_volume": 148232.15, "trend": 105.253559, "fair_value": 106.349937, "relative_strength": -15.021394, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.593817, "energy": 11.562119, "activity_lines": [ 103.865794, 103.670537, 105.960299, 106.492272 ] }, { "date": "2025-10-03", "close": 102.239998, "volume": 43457, "typical_volume": 135550.7, "trend": 105.255002, "fair_value": 106.380435, "relative_strength": -15.439799, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.104555, "energy": 11.642857, "activity_lines": [ 103.430244, 103.240773, 105.350237, 106.297849 ] }, { "date": "2025-10-10", "close": 101.470001, "volume": 170325, "typical_volume": 132929.05, "trend": 105.631296, "fair_value": 106.413625, "relative_strength": -16.916653, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.918534, "energy": 18.186246, "activity_lines": [ 102.668666, 102.863124, 104.74845, 106.053656 ] }, { "date": "2025-10-17", "close": 99.309998, "volume": 45187, "typical_volume": 111963.7, "trend": 105.634122, "fair_value": 106.42534, "relative_strength": -19.629624, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -32.569797, "energy": 35.51222, "activity_lines": [ 101.305332, 102.236312, 104.041557, 105.64583 ] }, { "date": "2025-10-24", "close": 103.199997, "volume": 92363, "typical_volume": 108247.95, "trend": 106.167464, "fair_value": 106.460085, "relative_strength": -16.333577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.941209, "energy": 34.656503, "activity_lines": [ 101.621998, 102.388294, 103.758821, 105.48879 ] }, { "date": "2025-10-31", "close": 108.059998, "volume": 141452, "typical_volume": 102104.1, "trend": 106.88574, "fair_value": 106.523758, "relative_strength": -11.569454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.03853, "energy": 13.639429, "activity_lines": [ 103.747331, 103.374488, 103.988769, 105.610888 ] }, { "date": "2025-11-07", "close": 109.129997, "volume": 98660, "typical_volume": 99638.35, "trend": 107.588829, "fair_value": 106.610183, "relative_strength": -9.393578, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.990061, "energy": 8.240291, "activity_lines": [ 105.838664, 104.452429, 104.349253, 105.755679 ] }, { "date": "2025-11-14", "close": 111.059998, "volume": 125614, "typical_volume": 97687.05, "trend": 107.43124, "fair_value": 106.739175, "relative_strength": -8.757454, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.507152, "energy": 20.495841, "activity_lines": [ 108.113998, 105.737089, 104.897377, 105.979626 ] }, { "date": "2025-11-21", "close": 105.169998, "volume": 125281, "typical_volume": 98568.85, "trend": 107.384767, "fair_value": 106.819921, "relative_strength": -13.419167, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.40228, "energy": 16.378208, "activity_lines": [ 107.786664, 105.808725, 104.873824, 105.833739 ] }, { "date": "2025-11-28", "close": 104.879997, "volume": 67400, "typical_volume": 95409.4, "trend": 107.39311, "fair_value": 106.898173, "relative_strength": -13.508619, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.265612, "energy": 11.744826, "activity_lines": [ 106.971998, 105.825634, 104.855454, 105.672141 ] }, { "date": "2025-12-05", "close": 100.339996, "volume": 53549, "typical_volume": 94819.65, "trend": 107.259094, "fair_value": 106.944144, "relative_strength": -16.549486, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.773852, "energy": 14.903344, "activity_lines": [ 104.531997, 105.037997, 104.416996, 105.217101 ] }, { "date": "2025-12-12", "close": 96.019997, "volume": 182890, "typical_volume": 94789.1, "trend": 106.480514, "fair_value": 106.966872, "relative_strength": -18.879722, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.111347, "energy": 35.094298, "activity_lines": [ 101.166664, 103.498725, 103.605106, 104.491998 ] }, { "date": "2025-12-19", "close": 98.650002, "volume": 59346, "typical_volume": 93568.75, "trend": 105.682243, "fair_value": 107.048098, "relative_strength": -15.391841, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.709911, "energy": 43.691471, "activity_lines": [ 99.551999, 102.550725, 103.123626, 103.986804 ] }, { "date": "2025-12-26", "close": 98.959999, "volume": 51432, "typical_volume": 91380.5, "trend": 105.294822, "fair_value": 107.068694, "relative_strength": -14.239083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.570321, "energy": 48.716928, "activity_lines": [ 98.867999, 101.710362, 102.722699, 103.553111 ] }, { "date": "2026-01-02", "close": 100.300003, "volume": 66984, "typical_volume": 91945.75, "trend": 104.849363, "fair_value": 107.080717, "relative_strength": -12.917734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.394793, "energy": 48.480954, "activity_lines": [ 99.044667, 101.119999, 102.46979, 103.230864 ] }, { "date": "2026-01-09", "close": 95.709999, "volume": 44018, "typical_volume": 91441.7, "trend": 104.237276, "fair_value": 107.066177, "relative_strength": -13.905836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.212238, "energy": 43.916554, "activity_lines": [ 97.996667, 99.747817, 101.780603, 102.641228 ] }, { "date": "2026-01-16", "close": 94.349998, "volume": 46006, "typical_volume": 84409.5, "trend": 103.717793, "fair_value": 107.050866, "relative_strength": -14.333277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.705595, "energy": 42.901348, "activity_lines": [ 96.804, 98.352908, 100.993778, 102.003339 ] }, { "date": "2026-01-23", "close": 94.93, "volume": 70539, "typical_volume": 84435.3, "trend": 103.255202, "fair_value": 107.038001, "relative_strength": -10.818308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.499755, "energy": 44.298871, "activity_lines": [ 95.916, 97.332181, 100.294808, 101.436385 ] }, { "date": "2026-01-30", "close": 93.290001, "volume": 38226, "typical_volume": 82273.55, "trend": 102.629589, "fair_value": 107.039733, "relative_strength": -12.632872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.820186, "energy": 56.636232, "activity_lines": [ 94.729333, 96.306545, 99.479237, 100.793469 ] }, { "date": "2026-02-06", "close": 93.239998, "volume": 50559, "typical_volume": 81070.15, "trend": 102.155536, "fair_value": 107.02398, "relative_strength": -13.256276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.718692, "energy": 55.621422, "activity_lines": [ 93.903999, 95.487818, 98.714951, 100.187689 ] }, { "date": "2026-02-13", "close": 93.339996, "volume": 59522, "typical_volume": 81640.5, "trend": 101.656232, "fair_value": 107.055275, "relative_strength": -11.992433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.298327, "energy": 53.286299, "activity_lines": [ 93.582665, 94.898908, 98.021094, 99.618944 ] }, { "date": "2026-02-20", "close": 90.730003, "volume": 62381, "typical_volume": 82586.7, "trend": 100.920357, "fair_value": 107.073335, "relative_strength": -14.255969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.879829, "energy": 60.084364, "activity_lines": [ 92.549333, 93.962727, 97.120856, 98.914026 ] }, { "date": "2026-02-27", "close": 89.830002, "volume": 65690, "typical_volume": 77354.95, "trend": 100.269154, "fair_value": 107.081176, "relative_strength": -13.431247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.580693, "energy": 58.776668, "activity_lines": [ 91.457334, 92.959091, 96.189714, 98.198519 ] }, { "date": "2026-03-06", "close": 81.830002, "volume": 62430, "typical_volume": 78217.1, "trend": 99.555364, "fair_value": 107.028199, "relative_strength": -18.340733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.694039, "energy": 76.093081, "activity_lines": [ 88.038668, 90.661273, 94.552095, 97.008897 ] }, { "date": "2026-03-13", "close": 80.93, "volume": 117096, "typical_volume": 79453.75, "trend": 98.903644, "fair_value": 107.01427, "relative_strength": -14.493226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.619805, "energy": 83.193459, "activity_lines": [ 85.084001, 88.511273, 92.912, 95.80726 ] }, { "date": "2026-03-20", "close": 76.300003, "volume": 83317, "typical_volume": 76547.0, "trend": 98.033441, "fair_value": 106.995771, "relative_strength": -18.895575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.453744, "energy": 90.041658, "activity_lines": [ 81.406669, 85.871637, 90.937, 94.348961 ] }, { "date": "2026-03-27", "close": 62.700001, "volume": 254939, "typical_volume": 84360.95, "trend": 96.750122, "fair_value": 106.904078, "relative_strength": -32.183038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.223721, "energy": 97.053995, "activity_lines": [ 74.332002, 81.112183, 87.818, 92.069384 ] }, { "date": "2026-04-03", "close": 70.199997, "volume": 104802, "typical_volume": 83320.35, "trend": 95.648666, "fair_value": 106.820413, "relative_strength": -23.465611, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.702285, "energy": 89.120624, "activity_lines": [ 71.626, 78.291819, 85.634381, 90.356473 ] }, { "date": "2026-04-10", "close": 84.580002, "volume": 96808, "typical_volume": 81896.7, "trend": 94.965999, "fair_value": 106.812718, "relative_strength": -12.775028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.829754, "energy": 60.956168, "activity_lines": [ 75.022, 78.535637, 85.014857, 89.642365 ] }, { "date": "2026-04-17", "close": 88.230003, "volume": 41217, "typical_volume": 80587.55, "trend": 94.372666, "fair_value": 106.835412, "relative_strength": -9.611779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.831048, "energy": 45.849757, "activity_lines": [ 79.451335, 79.601456, 84.841001, 89.207785 ] }, { "date": "2026-04-24", "close": 85.980003, "volume": 78461, "typical_volume": 81833.15, "trend": 93.832, "fair_value": 106.856715, "relative_strength": -9.876452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.534929, "energy": 22.910299, "activity_lines": [ 82.644002, 80.349274, 84.532144, 88.666323 ] }, { "date": "2026-05-01", "close": 83.860001, "volume": 15159, "typical_volume": 73446.6, "trend": 93.219333, "fair_value": 106.837729, "relative_strength": -12.123541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.583104, "energy": 27.64207, "activity_lines": [ 84.484668, 80.845456, 84.089763, 88.022968 ] }, { "date": "2026-05-08", "close": 82.839996, "volume": 74702, "typical_volume": 74214.4, "trend": 92.598333, "fair_value": 106.788685, "relative_strength": -13.448448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.888737, "energy": 23.659483, "activity_lines": [ 84.574667, 81.281091, 83.608143, 87.353333 ] }, { "date": "2026-05-15", "close": 84.849998, "volume": 236082, "typical_volume": 83446.9, "trend": 92.116333, "fair_value": 106.743307, "relative_strength": -8.827468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.934928, "energy": 17.854184, "activity_lines": [ 84.491999, 82.209273, 83.393238, 86.853441 ] }, { "date": "2026-05-22", "close": 82.629997, "volume": 28619, "typical_volume": 81528.65, "trend": 91.430666, "fair_value": 106.707537, "relative_strength": -10.865519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.651982, "energy": 15.10038, "activity_lines": [ 83.651331, 82.678908, 83.034095, 86.241419 ] }, { "date": "2026-05-29", "close": 83.32, "volume": 95792, "typical_volume": 84117.35, "trend": 90.606, "fair_value": 106.680322, "relative_strength": -9.05044, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.088496, "energy": 12.390906, "activity_lines": [ 83.413998, 83.24309, 82.824809, 85.71815 ] }, { "date": "2026-06-05", "close": 85.0, "volume": 8882, "typical_volume": 82261.15, "trend": 89.801666, "fair_value": 106.662922, "relative_strength": -6.075977, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.962463, "energy": 13.438964, "activity_lines": [ 83.913999, 83.98509, 82.834524, 85.356473 ] }, { "date": "2026-06-12", "close": 83.25, "volume": 1960, "typical_volume": 78832.2, "trend": 88.874666, "fair_value": 106.633987, "relative_strength": -8.511897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.912092, "energy": 13.993612, "activity_lines": [ 83.754666, 84.003454, 82.722095, 84.933785 ] }, { "date": "2026-06-19", "close": 91.620003, "volume": 5320, "typical_volume": 77186.9, "trend": 88.423, "fair_value": 106.65807, "relative_strength": -0.670897, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.602563, "energy": 7.88028, "activity_lines": [ 86.358001, 85.306364, 83.462429, 85.110903 ] }, { "date": "2026-06-26", "close": 96.160004, "volume": 0, "typical_volume": 74658.95, "trend": 88.132333, "fair_value": 106.71952, "relative_strength": 4.19388, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.250763, "energy": 43.61588, "activity_lines": [ 90.023335, 87.306728, 84.643096, 85.610065 ] }, { "date": "2026-07-03", "close": 94.18, "volume": 4430, "typical_volume": 71904.35, "trend": 87.927, "fair_value": 106.772409, "relative_strength": 1.409843, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.15219, "energy": 50.984774, "activity_lines": [ 92.126668, 88.80291, 85.621286, 86.000237 ] }, { "date": "2026-07-10", "close": 90.0, "volume": 30661, "typical_volume": 70318.35, "trend": 87.726334, "fair_value": 106.799775, "relative_strength": -2.563294, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.655597, "energy": 54.717399, "activity_lines": [ 92.112668, 89.390001, 86.197381, 86.133979 ] }, { "date": "2026-07-17", "close": 90.099998, "volume": 24316, "typical_volume": 68249.65, "trend": 87.441334, "fair_value": 106.807122, "relative_strength": -2.653865, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.376881, "energy": 50.246005, "activity_lines": [ 91.798667, 89.883637, 86.786476, 86.287119 ] }, { "date": "2026-07-24", "close": 87.529999, "volume": 28358, "typical_volume": 66546.05, "trend": 87.060334, "fair_value": 106.784963, "relative_strength": -2.752674, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.785822, "energy": 21.329388, "activity_lines": [ 90.171333, 89.778, 87.129524, 86.292839 ] }, { "date": "2026-07-31", "close": 87.459999, "volume": 28091, "typical_volume": 62095.8, "trend": 86.632333, "fair_value": 106.785885, "relative_strength": -4.867854, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.840648, "energy": 8.355541, "activity_lines": [ 88.793332, 89.610909, 87.438762, 86.318624 ] }, { "date": "2026-08-07", "close": 83.82, "volume": 61830, "typical_volume": 61021.45, "trend": 86.236, "fair_value": 106.766663, "relative_strength": -9.138305, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -8.872107, "energy": 12.693038, "activity_lines": [ 86.781999, 88.694182, 87.370238, 86.137183 ] } ], "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." } } }