{ "ticker": { "uuid": "c05d1965-074c-4e7f-9301-374e0d271e12", "symbol": "2030", "name": "Saudi Arabian Refineries Company", "exchange": "SAU", "country": "SA", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^TASI.SR", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 50.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 6.326, "architecture_energy": 7.903, "architecture_maturity": 30.215, "architecture_confidence": 45.408, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 66.3, "rotation_up": 25.56, "upward_expansion": 32.44, "deceleration": 67.07, "rotation_down": 35.48, "downward_expansion": 21.1 }, "activity_lines": [ 48.304667, 48.761091, 47.513619, 47.49215 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 47.66, "trend_reference": 47.994666, "distance_from_trend": -0.006973, "trend_direction": "Weakening", "fair_value": 68.766603, "distance_from_fair_value": -0.306931, "fair_value_direction": "Improving", "relative_strength": -6.774056, "relative_strength_direction": "Improving", "price_momentum": -0.061811, "excess_performance": -0.029982, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.006973, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.041034, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.306931, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.067689, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067741, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.122021, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.061811, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.56742, "read": "Demand-led" } ], "volume": { "latest": 536149, "relative_activity": 0.580312, "balance": 1.56742, "dry_up": 0.768837, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.064011, "annualized_volatility": 0.300835, "from_high_reference": -0.25473, "from_low_reference": 0.091117 }, "levels": { "trend_reference": 47.994666, "fair_value_reference": 68.766603, "structural_low": 43.68, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.034364, "positive_rate": 0.181818, "directional_follow_through": 0.181818, "median_excess_return": -0.024326, "regime_survival": 0.181818, "best_return": 0.043011, "worst_return": -0.114423, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.097365, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.070727, "regime_survival": 0.0, "best_return": 0.117722, "worst_return": -0.198077, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.209997, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.140529, "regime_survival": 0.428571, "best_return": 0.155874, "worst_return": -0.252885, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.289805, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.23078, "regime_survival": 0.0, "best_return": 0.184222, "worst_return": -0.416116, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-20", "end": "2023-11-03", "tenure": "New", "return": -0.037349, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-10", "end": "2023-12-22", "tenure": "Developing", "return": 0.116751, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-01-05", "tenure": "New", "return": 0.012277, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-12", "end": "2024-02-09", "tenure": "Developing", "return": -0.003275, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-16", "end": "2024-04-05", "tenure": "Developing", "return": -0.052916, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-04-26", "tenure": "New", "return": -0.040092, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-03", "end": "2024-06-07", "tenure": "Developing", "return": -0.104019, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-14", "end": "2024-10-04", "tenure": "Established", "return": 0.007792, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-29", "tenure": "Developing", "return": -0.068564, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-10-24", "tenure": "Extended", "return": -0.176671, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-21", "tenure": "New", "return": -0.07371, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-06-26", "tenure": "Extended", "return": -0.168543, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.144271, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 88.0, "volume": 282106, "typical_volume": 208315.2, "trend": 83.461314, "fair_value": 112.748439, "relative_strength": 0.081976, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.491466, "energy": 33.671959, "activity_lines": [ 88.486666, 88.477772, 87.417083, 85.562348 ] }, { "date": "2023-08-11", "close": 88.0, "volume": 431419, "typical_volume": 229800.05, "trend": 83.814039, "fair_value": 113.08181, "relative_strength": -0.088764, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.76074, "energy": 23.947144, "activity_lines": [ 88.22, 88.441204, 87.668923, 85.855167 ] }, { "date": "2023-08-18", "close": 85.599998, "volume": 559435, "typical_volume": 257686.65, "trend": 83.954932, "fair_value": 113.399795, "relative_strength": -2.752222, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.311875, "energy": 14.983483, "activity_lines": [ 87.266666, 87.955646, 87.62391, 85.97039 ] }, { "date": "2023-08-25", "close": 84.0, "volume": 296611, "typical_volume": 272441.95, "trend": 84.072155, "fair_value": 113.671737, "relative_strength": -3.914128, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.077055, "energy": 9.342078, "activity_lines": [ 86.053333, 87.192215, 87.373901, 85.973298 ] }, { "date": "2023-09-01", "close": 85.099998, "volume": 304750, "typical_volume": 287596.0, "trend": 84.199677, "fair_value": 113.923419, "relative_strength": -3.172036, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.198135, "energy": 14.970083, "activity_lines": [ 85.486666, 86.670908, 87.205316, 86.03961 ] }, { "date": "2023-09-08", "close": 88.800003, "volume": 1706971, "typical_volume": 372841.65, "trend": 84.410984, "fair_value": 114.137919, "relative_strength": 3.664627, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.908365, "energy": 15.054415, "activity_lines": [ 86.373334, 86.916363, 87.371367, 86.336405 ] }, { "date": "2023-09-15", "close": 95.5, "volume": 2978325, "typical_volume": 521677.55, "trend": 84.914835, "fair_value": 114.279216, "relative_strength": 12.042452, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.597552, "energy": 36.134837, "activity_lines": [ 89.44, 88.361818, 88.146738, 87.051826 ] }, { "date": "2023-09-22", "close": 94.5, "volume": 1994678, "typical_volume": 621328.95, "trend": 85.355691, "fair_value": 114.361364, "relative_strength": 12.852218, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.111462, "energy": 64.797349, "activity_lines": [ 91.673334, 89.52, 88.780317, 87.670224 ] }, { "date": "2023-09-29", "close": 92.099998, "volume": 661747, "typical_volume": 654360.8, "trend": 85.822012, "fair_value": 114.428755, "relative_strength": 8.839784, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.214868, "energy": 65.120986, "activity_lines": [ 92.513333, 90.154545, 89.151065, 88.10534 ] }, { "date": "2023-10-06", "close": 87.0, "volume": 545669, "typical_volume": 681546.45, "trend": 86.161179, "fair_value": 114.482289, "relative_strength": 5.567269, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.656403, "energy": 52.452412, "activity_lines": [ 91.113333, 89.790909, 89.010915, 88.181339 ] }, { "date": "2023-10-13", "close": 83.900002, "volume": 773025, "typical_volume": 720062.15, "trend": 86.387125, "fair_value": 114.499628, "relative_strength": 3.601296, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.869734, "energy": 7.609781, "activity_lines": [ 88.553334, 88.889091, 88.572274, 88.035457 ] }, { "date": "2023-10-20", "close": 83.0, "volume": 663389, "typical_volume": 753107.1, "trend": 86.698424, "fair_value": 114.531288, "relative_strength": 1.888221, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.36687, "energy": 24.669484, "activity_lines": [ 86.02, 87.898182, 88.065077, 87.816933 ] }, { "date": "2023-10-27", "close": 77.400002, "volume": 487592, "typical_volume": 777347.2, "trend": 86.793394, "fair_value": 114.528307, "relative_strength": -2.642414, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -51.559592, "energy": 45.997369, "activity_lines": [ 82.453334, 85.980001, 87.045051, 87.217035 ] }, { "date": "2023-11-03", "close": 79.900002, "volume": 556055, "typical_volume": 805061.85, "trend": 86.820091, "fair_value": 114.563953, "relative_strength": -3.518446, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.21962, "energy": 69.28555, "activity_lines": [ 80.860001, 84.665455, 86.305581, 86.7723 ] }, { "date": "2023-11-10", "close": 78.800003, "volume": 497317, "typical_volume": 829823.0, "trend": 86.734317, "fair_value": 114.610756, "relative_strength": -4.530168, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.704319, "energy": 76.254832, "activity_lines": [ 79.713335, 83.225456, 85.491905, 86.254875 ] }, { "date": "2023-11-17", "close": 81.300003, "volume": 627794, "typical_volume": 837527.75, "trend": 86.685736, "fair_value": 114.711883, "relative_strength": -3.500964, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.129421, "energy": 70.279086, "activity_lines": [ 79.946669, 82.354547, 84.970953, 85.904274 ] }, { "date": "2023-11-24", "close": 81.599998, "volume": 750956, "typical_volume": 824490.15, "trend": 86.548282, "fair_value": 114.747753, "relative_strength": -3.065308, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.825055, "energy": 46.155369, "activity_lines": [ 80.453334, 81.674547, 84.509524, 85.576162 ] }, { "date": "2023-12-01", "close": 85.099998, "volume": 840890, "typical_volume": 805780.65, "trend": 86.474761, "fair_value": 114.693048, "relative_strength": 0.121715, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.760014, "energy": 27.575827, "activity_lines": [ 82.22, 81.883637, 84.42, 85.482724 ] }, { "date": "2023-12-08", "close": 84.699997, "volume": 530844, "typical_volume": 799825.25, "trend": 86.404385, "fair_value": 114.638918, "relative_strength": -0.755306, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.467621, "energy": 19.553057, "activity_lines": [ 83.339999, 82.190909, 84.314286, 85.368223 ] }, { "date": "2023-12-15", "close": 84.300003, "volume": 528940, "typical_volume": 800925.65, "trend": 86.337155, "fair_value": 114.6155, "relative_strength": -3.976413, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.656484, "energy": 21.47138, "activity_lines": [ 84.006666, 82.56, 84.187143, 85.232456 ] }, { "date": "2023-12-22", "close": 88.0, "volume": 2205040, "typical_volume": 897072.35, "trend": 86.353709, "fair_value": 114.544225, "relative_strength": -0.552079, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.02561, "energy": 17.723894, "activity_lines": [ 85.54, 83.650909, 84.431905, 85.339737 ] }, { "date": "2023-12-29", "close": 89.599998, "volume": 932070, "typical_volume": 922104.9, "trend": 86.430188, "fair_value": 114.476928, "relative_strength": -1.468182, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.221926, "energy": 26.750471, "activity_lines": [ 87.159999, 84.958182, 84.829048, 85.549175 ] }, { "date": "2024-01-05", "close": 90.699997, "volume": 1617389, "typical_volume": 975002.6, "trend": 86.576291, "fair_value": 114.336319, "relative_strength": -2.169148, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.205368, "energy": 37.374344, "activity_lines": [ 88.613332, 86.345454, 85.323333, 85.824646 ] }, { "date": "2024-01-12", "close": 91.599998, "volume": 1110614, "typical_volume": 1015702.75, "trend": 86.752395, "fair_value": 114.237893, "relative_strength": -1.011167, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.976303, "energy": 51.54286, "activity_lines": [ 89.993332, 87.654544, 85.879047, 86.148756 ] }, { "date": "2024-01-19", "close": 89.900002, "volume": 1463505, "typical_volume": 1073640.5, "trend": 86.74, "fair_value": 114.153684, "relative_strength": -1.558743, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.679634, "energy": 49.58285, "activity_lines": [ 90.346666, 88.441817, 86.236667, 86.351828 ] }, { "date": "2024-01-26", "close": 92.199997, "volume": 556166, "typical_volume": 1016100.25, "trend": 86.886666, "fair_value": 114.098032, "relative_strength": -0.7329, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.760936, "energy": 57.943988, "activity_lines": [ 91.093332, 89.445453, 86.790476, 86.704086 ] }, { "date": "2024-02-02", "close": 86.900002, "volume": 639469, "typical_volume": 899157.45, "trend": 86.793333, "fair_value": 113.979524, "relative_strength": -4.445262, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.19798, "energy": 27.499979, "activity_lines": [ 89.793333, 89.287272, 86.823333, 86.704946 ] }, { "date": "2024-02-09", "close": 91.300003, "volume": 1356007, "typical_volume": 867223.9, "trend": 86.846667, "fair_value": 113.909312, "relative_strength": -1.925265, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.745245, "energy": 35.14608, "activity_lines": [ 90.140001, 89.832727, 87.316191, 86.995699 ] }, { "date": "2024-02-16", "close": 92.599998, "volume": 1660148, "typical_volume": 917143.95, "trend": 86.993333, "fair_value": 113.836132, "relative_strength": -2.699785, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.587413, "energy": 38.335202, "activity_lines": [ 90.88, 90.501818, 87.948095, 87.366882 ] }, { "date": "2024-02-23", "close": 93.5, "volume": 1602758, "typical_volume": 969998.4, "trend": 87.163333, "fair_value": 113.650687, "relative_strength": -2.843891, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.768456, "energy": 39.658536, "activity_lines": [ 91.853333, 91.190909, 88.663333, 87.786667 ] }, { "date": "2024-03-01", "close": 92.5, "volume": 1249187, "typical_volume": 993806.5, "trend": 87.313333, "fair_value": 113.316939, "relative_strength": -3.766752, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.358763, "energy": 49.707407, "activity_lines": [ 92.253333, 91.530909, 89.252381, 88.130968 ] }, { "date": "2024-03-08", "close": 91.5, "volume": 584139, "typical_volume": 989844.0, "trend": 87.43, "fair_value": 112.930321, "relative_strength": -4.357753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.535855, "energy": 45.490241, "activity_lines": [ 92.3, 91.607273, 89.705238, 88.401075 ] }, { "date": "2024-03-15", "close": 93.699997, "volume": 1405109, "typical_volume": 1035719.85, "trend": 87.7, "fair_value": 112.483719, "relative_strength": -3.215079, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.029478, "energy": 42.98408, "activity_lines": [ 92.773332, 92.04909, 90.327142, 88.805591 ] }, { "date": "2024-03-22", "close": 93.5, "volume": 3317103, "typical_volume": 1173772.25, "trend": 88.016667, "fair_value": 112.054671, "relative_strength": -4.203691, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.935035, "energy": 37.708963, "activity_lines": [ 93.019999, 92.4, 90.85238, 89.179785 ] }, { "date": "2024-03-29", "close": 87.5, "volume": 982121, "typical_volume": 1198012.45, "trend": 88.096667, "fair_value": 111.64869, "relative_strength": -8.386355, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.364373, "energy": 17.181667, "activity_lines": [ 91.206666, 91.625454, 90.741428, 89.146451 ] }, { "date": "2024-04-05", "close": 87.699997, "volume": 563555, "typical_volume": 1194800.5, "trend": 88.06, "fair_value": 111.206321, "relative_strength": -9.054978, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.1562, "energy": 13.425072, "activity_lines": [ 89.859999, 90.930908, 90.608095, 89.12086 ] }, { "date": "2024-04-19", "close": 87.300003, "volume": 532562, "typical_volume": 1183880.8, "trend": 87.786667, "fair_value": 110.590614, "relative_strength": -7.887644, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.48604, "energy": 13.293437, "activity_lines": [ 88.7, 90.245454, 90.40619, 89.071828 ] }, { "date": "2024-04-26", "close": 83.800003, "volume": 558514, "typical_volume": 1169762.0, "trend": 87.43, "fair_value": 109.902243, "relative_strength": -9.629879, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.389335, "energy": 31.779532, "activity_lines": [ 86.653335, 88.916364, 89.84381, 88.814624 ] }, { "date": "2024-05-03", "close": 84.599998, "volume": 268455, "typical_volume": 1156642.55, "trend": 87.18, "fair_value": 109.19891, "relative_strength": -9.298186, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.648371, "energy": 43.881408, "activity_lines": [ 85.533334, 87.869091, 89.363809, 88.632043 ] }, { "date": "2024-05-10", "close": 85.0, "volume": 584008, "typical_volume": 1159395.95, "trend": 87.113333, "fair_value": 108.511954, "relative_strength": -8.17217, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.541133, "energy": 48.214031, "activity_lines": [ 85.14, 87.04, 88.922381, 88.491398 ] }, { "date": "2024-05-17", "close": 84.300003, "volume": 309223, "typical_volume": 1064605.1, "trend": 87.126667, "fair_value": 107.848339, "relative_strength": -8.076141, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.212416, "energy": 50.762683, "activity_lines": [ 84.680001, 86.238182, 88.410953, 88.309892 ] }, { "date": "2024-05-24", "close": 81.599998, "volume": 176736, "typical_volume": 1026838.4, "trend": 87.08, "fair_value": 107.256929, "relative_strength": -9.339121, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.848773, "energy": 55.684514, "activity_lines": [ 83.546667, 85.094546, 87.66, 87.953333 ] }, { "date": "2024-05-31", "close": 79.699997, "volume": 234571, "typical_volume": 957697.5, "trend": 87.156667, "fair_value": 106.674772, "relative_strength": -7.472831, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.976968, "energy": 62.071638, "activity_lines": [ 82.159999, 83.785454, 86.76619, 87.477204 ] }, { "date": "2024-06-07", "close": 75.800003, "volume": 235016, "typical_volume": 913917.6, "trend": 87.02, "fair_value": 106.053747, "relative_strength": -12.151829, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.899751, "energy": 85.642557, "activity_lines": [ 79.746667, 82.021818, 85.553333, 86.744516 ] }, { "date": "2024-06-14", "close": 77.0, "volume": 281636, "typical_volume": 854824.15, "trend": 86.96, "fair_value": 105.422764, "relative_strength": -10.019822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.612991, "energy": 84.952101, "activity_lines": [ 78.32, 80.798182, 84.53, 86.098064 ] }, { "date": "2024-06-28", "close": 76.900002, "volume": 197665, "typical_volume": 836899.1, "trend": 86.813333, "fair_value": 104.786097, "relative_strength": -11.671804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.141333, "energy": 84.642331, "activity_lines": [ 77.393334, 79.747273, 83.558572, 85.449032 ] }, { "date": "2024-07-05", "close": 75.900002, "volume": 357483, "typical_volume": 822799.8, "trend": 86.623333, "fair_value": 104.164452, "relative_strength": -11.986846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.93855, "energy": 86.050602, "activity_lines": [ 76.626668, 78.71091, 82.564762, 84.744946 ] }, { "date": "2024-07-12", "close": 77.0, "volume": 277120, "typical_volume": 768855.45, "trend": 86.353333, "fair_value": 103.551119, "relative_strength": -11.463331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.514682, "energy": 81.018007, "activity_lines": [ 76.606668, 78.081819, 81.728096, 84.124086 ] }, { "date": "2024-07-19", "close": 79.300003, "volume": 501449, "typical_volume": 710920.5, "trend": 86.173333, "fair_value": 102.95379, "relative_strength": -11.497171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.23859, "energy": 56.853867, "activity_lines": [ 77.533335, 77.994547, 81.178572, 83.669033 ] }, { "date": "2024-07-26", "close": 78.800003, "volume": 599151, "typical_volume": 660740.15, "trend": 85.99, "fair_value": 102.355778, "relative_strength": -10.610361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.365434, "energy": 45.721649, "activity_lines": [ 78.060002, 77.912729, 80.644763, 83.193334 ] }, { "date": "2024-08-02", "close": 77.0, "volume": 230494, "typical_volume": 609805.5, "trend": 85.623333, "fair_value": 101.750009, "relative_strength": -12.539403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.28299, "energy": 45.221538, "activity_lines": [ 77.866668, 77.616365, 80.009525, 82.613334 ] }, { "date": "2024-08-09", "close": 71.699997, "volume": 506614, "typical_volume": 605929.25, "trend": 85.026667, "fair_value": 101.119092, "relative_strength": -15.624104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.662718, "energy": 58.587305, "activity_lines": [ 75.9, 76.489092, 78.943334, 81.715054 ] }, { "date": "2024-08-16", "close": 73.400002, "volume": 379424, "typical_volume": 554645.0, "trend": 84.45, "fair_value": 100.512939, "relative_strength": -15.067376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.062629, "energy": 59.029628, "activity_lines": [ 74.78, 75.85091, 78.133334, 80.964947 ] }, { "date": "2024-08-23", "close": 75.099998, "volume": 483848, "typical_volume": 412982.25, "trend": 83.9, "fair_value": 99.898773, "relative_strength": -14.742281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.077135, "energy": 60.393203, "activity_lines": [ 74.466666, 75.636364, 77.581905, 80.361721 ] }, { "date": "2024-08-30", "close": 76.699997, "volume": 760484, "typical_volume": 401900.4, "trend": 83.46, "fair_value": 99.326382, "relative_strength": -12.30177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.112145, "energy": 51.06859, "activity_lines": [ 74.966665, 75.725454, 77.270476, 79.897204 ] }, { "date": "2024-09-06", "close": 75.599998, "volume": 429824, "typical_volume": 395213.85, "trend": 82.906667, "fair_value": 98.796108, "relative_strength": -12.973748, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.445074, "energy": 42.18822, "activity_lines": [ 75.239998, 75.619999, 76.905714, 79.390108 ] }, { "date": "2024-09-13", "close": 75.099998, "volume": 276784, "typical_volume": 382424.95, "trend": 82.513333, "fair_value": 98.231111, "relative_strength": -11.421179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.837328, "energy": 35.973972, "activity_lines": [ 75.439998, 75.447272, 76.550952, 78.886451 ] }, { "date": "2024-09-20", "close": 74.699997, "volume": 229968, "typical_volume": 365997.65, "trend": 81.96, "fair_value": 97.684982, "relative_strength": -13.224009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.28514, "energy": 31.63589, "activity_lines": [ 75.279998, 75.216362, 76.21619, 78.382365 ] }, { "date": "2024-09-27", "close": 77.5, "volume": 439208, "typical_volume": 374535.3, "trend": 81.456667, "fair_value": 97.141673, "relative_strength": -11.560498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.656759, "energy": 24.744887, "activity_lines": [ 75.966665, 75.536362, 76.191428, 78.094623 ] }, { "date": "2024-10-04", "close": 77.599998, "volume": 1486412, "typical_volume": 419655.5, "trend": 80.926666, "fair_value": 96.597744, "relative_strength": -7.824093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.264948, "energy": 18.084693, "activity_lines": [ 76.526665, 75.907271, 76.209999, 77.845806 ] }, { "date": "2024-10-11", "close": 77.300003, "volume": 496668, "typical_volume": 429027.75, "trend": 80.42, "fair_value": 96.04811, "relative_strength": -7.987332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.605851, "energy": 12.151651, "activity_lines": [ 76.926667, 76.245454, 76.235238, 77.611828 ] }, { "date": "2024-10-18", "close": 76.300003, "volume": 743290, "typical_volume": 457355.45, "trend": 79.913333, "fair_value": 95.522324, "relative_strength": -8.093246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.714248, "energy": 12.671295, "activity_lines": [ 76.880001, 76.396364, 76.198571, 77.346021 ] }, { "date": "2024-10-25", "close": 76.400002, "volume": 326449, "typical_volume": 461949.35, "trend": 79.336667, "fair_value": 94.992135, "relative_strength": -7.424901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.713744, "energy": 10.116193, "activity_lines": [ 76.786668, 76.481819, 76.196667, 77.119355 ] }, { "date": "2024-11-01", "close": 77.300003, "volume": 338311, "typical_volume": 467114.1, "trend": 78.796667, "fair_value": 94.537056, "relative_strength": -7.044125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.7444, "energy": 7.076383, "activity_lines": [ 76.880002, 76.676365, 76.296191, 76.987957 ] }, { "date": "2024-11-08", "close": 76.300003, "volume": 535551, "typical_volume": 479809.85, "trend": 78.423334, "fair_value": 94.061699, "relative_strength": -8.778296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.818513, "energy": 8.58485, "activity_lines": [ 76.653336, 76.649092, 76.293334, 76.826882 ] }, { "date": "2024-11-15", "close": 73.900002, "volume": 266786, "typical_volume": 483265.9, "trend": 77.963334, "fair_value": 93.598693, "relative_strength": -8.82433, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.358237, "energy": 22.342144, "activity_lines": [ 75.713336, 76.192729, 76.065239, 76.535054 ] }, { "date": "2024-11-22", "close": 74.099998, "volume": 166085, "typical_volume": 473696.0, "trend": 77.523334, "fair_value": 93.153358, "relative_strength": -8.700388, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.054411, "energy": 33.833305, "activity_lines": [ 75.066668, 75.803638, 75.870477, 76.285807 ] }, { "date": "2024-11-29", "close": 72.0, "volume": 236560, "typical_volume": 471668.0, "trend": 77.13, "fair_value": 92.702127, "relative_strength": -9.477343, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.144086, "energy": 56.078019, "activity_lines": [ 73.866667, 75.05091, 75.484286, 75.929463 ] }, { "date": "2024-12-06", "close": 73.300003, "volume": 256168, "typical_volume": 459403.95, "trend": 76.753334, "fair_value": 92.307136, "relative_strength": -9.776429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.308503, "energy": 57.167512, "activity_lines": [ 73.393334, 74.583638, 75.245715, 75.682366 ] }, { "date": "2024-12-13", "close": 73.199997, "volume": 231019, "typical_volume": 440997.35, "trend": 76.36, "fair_value": 91.965716, "relative_strength": -10.752575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.26484, "energy": 56.381428, "activity_lines": [ 73.153333, 74.174546, 75.026191, 75.453119 ] }, { "date": "2024-12-20", "close": 71.900002, "volume": 108751, "typical_volume": 434910.2, "trend": 75.946667, "fair_value": 91.624788, "relative_strength": -10.43149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.811064, "energy": 59.578847, "activity_lines": [ 72.686667, 73.609092, 74.709524, 75.165377 ] }, { "date": "2024-12-27", "close": 71.099998, "volume": 173963, "typical_volume": 418277.65, "trend": 75.596667, "fair_value": 91.263603, "relative_strength": -10.849635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.46197, "energy": 58.052184, "activity_lines": [ 72.086666, 72.996364, 74.340953, 74.852688 ] }, { "date": "2025-01-03", "close": 72.300003, "volume": 352955, "typical_volume": 416954.2, "trend": 75.350001, "fair_value": 90.834466, "relative_strength": -10.757991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.176902, "energy": 51.97715, "activity_lines": [ 72.086667, 72.696364, 74.089524, 74.64 ] }, { "date": "2025-01-10", "close": 72.5, "volume": 216350, "typical_volume": 403579.3, "trend": 75.24, "fair_value": 90.385179, "relative_strength": -10.083917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.316249, "energy": 47.020847, "activity_lines": [ 72.133334, 72.507273, 73.862382, 74.456129 ] }, { "date": "2025-01-17", "close": 73.0, "volume": 329509, "typical_volume": 382030.55, "trend": 75.106667, "fair_value": 89.974398, "relative_strength": -10.241771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.49951, "energy": 37.738897, "activity_lines": [ 72.4, 72.496364, 73.695239, 74.311613 ] }, { "date": "2025-01-24", "close": 74.099998, "volume": 902343, "typical_volume": 405656.5, "trend": 75.013334, "fair_value": 89.582014, "relative_strength": -9.200795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.014178, "energy": 20.973442, "activity_lines": [ 73.046666, 72.745454, 73.650477, 74.246667 ] }, { "date": "2025-01-31", "close": 73.300003, "volume": 332986, "typical_volume": 408466.6, "trend": 74.926667, "fair_value": 89.192067, "relative_strength": -10.203873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.589029, "energy": 17.612178, "activity_lines": [ 73.280001, 72.845455, 73.536667, 74.136129 ] }, { "date": "2025-02-07", "close": 73.5, "volume": 385726, "typical_volume": 416254.5, "trend": 74.81, "fair_value": 88.785751, "relative_strength": -9.648575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.600607, "energy": 17.68792, "activity_lines": [ 73.433334, 72.996364, 73.450477, 74.044086 ] }, { "date": "2025-02-14", "close": 72.900002, "volume": 354802, "typical_volume": 412034.2, "trend": 74.596667, "fair_value": 88.349114, "relative_strength": -9.660861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.281126, "energy": 17.353455, "activity_lines": [ 73.306668, 73.01091, 73.312858, 73.920861 ] }, { "date": "2025-02-21", "close": 72.300003, "volume": 498300, "typical_volume": 362628.6, "trend": 74.38, "fair_value": 87.92502, "relative_strength": -9.989979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.912129, "energy": 21.087123, "activity_lines": [ 72.953335, 72.923638, 73.140001, 73.772689 ] }, { "date": "2025-02-28", "close": 70.099998, "volume": 218792, "typical_volume": 348734.8, "trend": 74.15, "fair_value": 87.491867, "relative_strength": -10.304911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.153381, "energy": 48.986097, "activity_lines": [ 71.913334, 72.452728, 72.782858, 73.49656 ] }, { "date": "2025-03-07", "close": 67.599998, "volume": 187071, "typical_volume": 320923.85, "trend": 74.013334, "fair_value": 87.036384, "relative_strength": -10.85541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.26425, "energy": 76.847607, "activity_lines": [ 70.306666, 71.56, 72.221905, 73.073979 ] }, { "date": "2025-03-14", "close": 65.0, "volume": 211092, "typical_volume": 315156.0, "trend": 73.733334, "fair_value": 86.585667, "relative_strength": -13.198211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.986863, "energy": 88.009124, "activity_lines": [ 68.213333, 70.258182, 71.454762, 72.492474 ] }, { "date": "2025-03-21", "close": 63.200001, "volume": 155637, "typical_volume": 306022.3, "trend": 73.336667, "fair_value": 86.182666, "relative_strength": -15.364701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.600398, "energy": 93.687607, "activity_lines": [ 66.086667, 68.761818, 70.570477, 71.812904 ] }, { "date": "2025-03-28", "close": 65.300003, "volume": 124778, "typical_volume": 285483.65, "trend": 72.956667, "fair_value": 85.785563, "relative_strength": -13.974464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.807176, "energy": 86.826482, "activity_lines": [ 65.306668, 67.816364, 69.953334, 71.294409 ] }, { "date": "2025-04-04", "close": 63.5, "volume": 53588, "typical_volume": 274823.75, "trend": 72.553334, "fair_value": 85.366834, "relative_strength": -14.839839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.128743, "energy": 90.556552, "activity_lines": [ 64.393334, 66.683637, 69.217143, 70.684302 ] }, { "date": "2025-04-11", "close": 60.0, "volume": 439939, "typical_volume": 288516.45, "trend": 72.050001, "fair_value": 84.950885, "relative_strength": -16.427185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.162784, "energy": 87.173156, "activity_lines": [ 62.753334, 65.107273, 68.197143, 69.874409 ] }, { "date": "2025-04-18", "close": 63.400002, "volume": 240801, "typical_volume": 288728.5, "trend": 71.673334, "fair_value": 84.559252, "relative_strength": -11.691999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.847184, "energy": 60.482976, "activity_lines": [ 62.753334, 64.39091, 67.568096, 69.316345 ] }, { "date": "2025-04-25", "close": 62.0, "volume": 200913, "typical_volume": 285965.75, "trend": 71.156667, "fair_value": 84.164948, "relative_strength": -14.742063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.501671, "energy": 60.633216, "activity_lines": [ 62.393334, 63.603637, 66.846667, 68.692259 ] }, { "date": "2025-05-02", "close": 60.5, "volume": 340781, "typical_volume": 291453.85, "trend": 70.586668, "fair_value": 83.768593, "relative_strength": -14.790591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.55559, "energy": 60.605064, "activity_lines": [ 61.613334, 62.741819, 66.036191, 68.004732 ] }, { "date": "2025-05-09", "close": 58.900002, "volume": 167441, "typical_volume": 294388.35, "trend": 69.973334, "fair_value": 83.398543, "relative_strength": -15.292091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.807519, "energy": 61.199481, "activity_lines": [ 60.620001, 61.803637, 65.13381, 67.250753 ] }, { "date": "2025-05-16", "close": 66.900002, "volume": 2511283, "typical_volume": 411254.35, "trend": 69.660001, "fair_value": 83.099947, "relative_strength": -4.471334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.227694, "energy": 36.58758, "activity_lines": [ 62.600001, 62.523637, 65.055239, 67.052474 ] }, { "date": "2025-05-23", "close": 68.599998, "volume": 2265398, "typical_volume": 506876.5, "trend": 69.400001, "fair_value": 82.783252, "relative_strength": 0.798122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.283557, "energy": 18.407964, "activity_lines": [ 64.686667, 63.565455, 65.158572, 66.984087 ] }, { "date": "2025-05-30", "close": 63.5, "volume": 2056816, "typical_volume": 598899.8, "trend": 68.940001, "fair_value": 82.460339, "relative_strength": -4.703192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.644813, "energy": 19.44571, "activity_lines": [ 64.726667, 63.614546, 64.79381, 66.603441 ] }, { "date": "2025-06-06", "close": 62.200001, "volume": 338664, "typical_volume": 599357.55, "trend": 68.47, "fair_value": 82.159351, "relative_strength": -6.395041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.077024, "energy": 23.160367, "activity_lines": [ 64.233334, 63.421819, 64.348096, 66.168603 ] }, { "date": "2025-06-13", "close": 59.5, "volume": 260282, "typical_volume": 567254.5, "trend": 67.99, "fair_value": 81.882659, "relative_strength": -8.796762, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.75149, "energy": 29.999961, "activity_lines": [ 62.726667, 62.794546, 63.696667, 65.589893 ] }, { "date": "2025-06-20", "close": 55.799999, "volume": 700646, "typical_volume": 585637.5, "trend": 67.38, "fair_value": 81.572163, "relative_strength": -12.209093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.503114, "energy": 55.891116, "activity_lines": [ 59.946666, 61.567273, 62.762381, 64.803441 ] }, { "date": "2025-06-27", "close": 63.200001, "volume": 929389, "typical_volume": 612820.65, "trend": 67.086667, "fair_value": 81.315407, "relative_strength": -4.417511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.038708, "energy": 43.301018, "activity_lines": [ 60.373334, 61.761818, 62.616191, 64.533764 ] }, { "date": "2025-07-04", "close": 63.599998, "volume": 1010854, "typical_volume": 645623.25, "trend": 66.763334, "fair_value": 81.184137, "relative_strength": -5.058626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.121803, "energy": 32.039869, "activity_lines": [ 61.293333, 62.032727, 62.557143, 64.308817 ] }, { "date": "2025-07-11", "close": 63.950001, "volume": 472269, "typical_volume": 644321.7, "trend": 66.455, "fair_value": 81.083476, "relative_strength": -4.546333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.791766, "energy": 23.947439, "activity_lines": [ 62.323333, 62.338182, 62.575715, 64.127312 ] }, { "date": "2025-07-18", "close": 61.900002, "volume": 353433, "typical_volume": 651053.75, "trend": 66.121667, "fair_value": 80.909211, "relative_strength": -5.069214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.655776, "energy": 17.330634, "activity_lines": [ 62.553334, 62.208182, 62.43881, 63.833441 ] }, { "date": "2025-07-25", "close": 62.0, "volume": 535586, "typical_volume": 668479.5, "trend": 65.818334, "fair_value": 80.746361, "relative_strength": -4.10794, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.356255, "energy": 15.793367, "activity_lines": [ 62.656667, 62.041818, 62.350477, 63.567527 ] }, { "date": "2025-08-01", "close": 60.450001, "volume": 219261, "typical_volume": 668887.95, "trend": 65.423334, "fair_value": 80.595126, "relative_strength": -6.024553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.844799, "energy": 18.858635, "activity_lines": [ 61.830001, 61.682728, 62.141191, 63.221183 ] }, { "date": "2025-08-08", "close": 60.25, "volume": 361015, "typical_volume": 679156.85, "trend": 65.015, "fair_value": 80.400777, "relative_strength": -6.227553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.053464, "energy": 27.02445, "activity_lines": [ 61.120001, 61.435455, 61.934524, 62.88742 ] }, { "date": "2025-08-15", "close": 57.049999, "volume": 275107, "typical_volume": 686673.3, "trend": 64.483334, "fair_value": 80.173238, "relative_strength": -10.15251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.520012, "energy": 52.265645, "activity_lines": [ 59.566667, 60.665455, 61.437143, 62.373549 ] }, { "date": "2025-08-22", "close": 58.5, "volume": 263309, "typical_volume": 697159.35, "trend": 63.963334, "fair_value": 79.861192, "relative_strength": -7.916521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.107087, "energy": 56.967711, "activity_lines": [ 58.956667, 60.252727, 61.117143, 61.987527 ] }, { "date": "2025-08-29", "close": 58.099998, "volume": 327783, "typical_volume": 691551.55, "trend": 63.456667, "fair_value": 79.53644, "relative_strength": -7.124373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.569132, "energy": 62.083327, "activity_lines": [ 58.439999, 59.785454, 60.782857, 61.609247 ] }, { "date": "2025-09-05", "close": 56.25, "volume": 143399, "typical_volume": 686681.45, "trend": 62.881667, "fair_value": 79.20997, "relative_strength": -9.143899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.96723, "energy": 68.580788, "activity_lines": [ 57.566666, 58.94, 60.281429, 61.144301 ] }, { "date": "2025-09-12", "close": 55.950001, "volume": 276779, "typical_volume": 690474.75, "trend": 62.316667, "fair_value": 78.900592, "relative_strength": -7.574759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.215562, "energy": 66.31107, "activity_lines": [ 56.873333, 58.166364, 59.785476, 60.697097 ] }, { "date": "2025-09-19", "close": 58.5, "volume": 315502, "typical_volume": 689210.8, "trend": 61.856667, "fair_value": 78.616433, "relative_strength": -6.063031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.715437, "energy": 51.965439, "activity_lines": [ 57.316667, 57.995454, 59.56119, 60.45086 ] }, { "date": "2025-09-26", "close": 63.0, "volume": 1183984, "typical_volume": 740037.95, "trend": 61.62, "fair_value": 78.385204, "relative_strength": -3.332817, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.012474, "energy": 19.30067, "activity_lines": [ 59.163333, 58.741818, 59.775, 60.524624 ] }, { "date": "2025-10-03", "close": 61.5, "volume": 396752, "typical_volume": 634311.4, "trend": 61.416667, "fair_value": 78.150065, "relative_strength": -6.820067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.898386, "energy": 16.082023, "activity_lines": [ 60.21, 59.195454, 59.826429, 60.516882 ] }, { "date": "2025-10-10", "close": 61.650002, "volume": 381980, "typical_volume": 540140.5, "trend": 61.305, "fair_value": 77.956451, "relative_strength": -6.949276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.576998, "energy": 22.298485, "activity_lines": [ 61.080001, 59.685455, 59.917857, 60.531936 ] }, { "date": "2025-10-17", "close": 62.099998, "volume": 573720, "typical_volume": 465985.7, "trend": 61.268334, "fair_value": 77.770791, "relative_strength": -6.833668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 18.780891, "energy": 27.818383, "activity_lines": [ 61.74, 60.235454, 60.085238, 60.583226 ] }, { "date": "2025-10-24", "close": 60.349998, "volume": 339190, "typical_volume": 466012.0, "trend": 61.103333, "fair_value": 77.537787, "relative_strength": -8.41688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 14.13457, "energy": 19.483935, "activity_lines": [ 61.406666, 60.433636, 60.092619, 60.523978 ] }, { "date": "2025-10-31", "close": 61.049999, "volume": 364061, "typical_volume": 471200.95, "trend": 61.021667, "fair_value": 77.342862, "relative_strength": -7.331335, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.57308, "energy": 14.901851, "activity_lines": [ 61.183332, 60.69909, 60.175476, 60.520537 ] }, { "date": "2025-11-07", "close": 58.150002, "volume": 241607, "typical_volume": 448249.0, "trend": 60.96, "fair_value": 77.113502, "relative_strength": -8.616642, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.122402, "energy": 15.60411, "activity_lines": [ 60.123333, 60.390909, 59.974762, 60.335269 ] }, { "date": "2025-11-14", "close": 58.099998, "volume": 157854, "typical_volume": 409672.25, "trend": 60.783333, "fair_value": 76.904103, "relative_strength": -7.338184, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.093365, "energy": 26.859101, "activity_lines": [ 59.269999, 60.072727, 59.758095, 60.150753 ] }, { "date": "2025-11-21", "close": 56.549999, "volume": 141418, "typical_volume": 366200.45, "trend": 60.601667, "fair_value": 76.670825, "relative_strength": -8.088448, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.363065, "energy": 44.978597, "activity_lines": [ 58.136666, 59.43909, 59.418095, 59.877634 ] }, { "date": "2025-11-28", "close": 55.950001, "volume": 128496, "typical_volume": 349011.8, "trend": 60.45, "fair_value": 76.459686, "relative_strength": -5.60067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.831161, "energy": 64.736728, "activity_lines": [ 57.173333, 58.685454, 59.054524, 59.577527 ] }, { "date": "2025-12-05", "close": 54.700001, "volume": 155012, "typical_volume": 339090.75, "trend": 60.31, "fair_value": 76.270957, "relative_strength": -7.265004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.034292, "energy": 73.43301, "activity_lines": [ 56.086667, 57.750909, 58.61, 59.206559 ] }, { "date": "2025-12-12", "close": 54.150002, "volume": 114240, "typical_volume": 318023.45, "trend": 59.885, "fair_value": 76.104056, "relative_strength": -8.651572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.635182, "energy": 77.500888, "activity_lines": [ 55.240001, 56.867273, 58.147381, 58.80914 ] }, { "date": "2025-12-19", "close": 52.5, "volume": 193241, "typical_volume": 316722.45, "trend": 59.348333, "fair_value": 75.911999, "relative_strength": -8.859339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.500539, "energy": 83.012281, "activity_lines": [ 54.110001, 55.817273, 57.565, 58.332688 ] }, { "date": "2025-12-26", "close": 52.150002, "volume": 113443, "typical_volume": 304343.85, "trend": 58.97, "fair_value": 75.776009, "relative_strength": -9.79148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.230697, "energy": 87.953469, "activity_lines": [ 53.236668, 54.870001, 56.987143, 57.86828 ] }, { "date": "2026-01-02", "close": 50.849998, "volume": 191700, "typical_volume": 300173.5, "trend": 58.591667, "fair_value": 75.631052, "relative_strength": -11.875938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.544248, "energy": 89.858473, "activity_lines": [ 52.223334, 53.867273, 56.324048, 57.344409 ] }, { "date": "2026-01-09", "close": 49.599998, "volume": 257030, "typical_volume": 299859.55, "trend": 58.261667, "fair_value": 75.481885, "relative_strength": -13.035377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.202946, "energy": 91.862938, "activity_lines": [ 51.133333, 52.81, 55.571428, 56.764301 ] }, { "date": "2026-01-16", "close": 50.799999, "volume": 347605, "typical_volume": 300850.65, "trend": 58.095, "fair_value": 75.34865, "relative_strength": -13.387026, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.027226, "energy": 83.183435, "activity_lines": [ 50.783332, 52.179091, 54.975476, 56.282903 ] }, { "date": "2026-01-23", "close": 52.400002, "volume": 268567, "typical_volume": 307109.05, "trend": 57.735, "fair_value": 75.188277, "relative_strength": -12.789303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.664701, "energy": 60.437344, "activity_lines": [ 51.19, 51.972727, 54.566667, 55.915484 ] }, { "date": "2026-01-30", "close": 53.299999, "volume": 576313, "typical_volume": 322085.75, "trend": 57.391667, "fair_value": 75.00832, "relative_strength": -12.848923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.213368, "energy": 49.753883, "activity_lines": [ 51.903333, 52.033636, 54.261905, 55.629355 ] }, { "date": "2026-02-06", "close": 50.799999, "volume": 328890, "typical_volume": 322755.15, "trend": 56.953333, "fair_value": 74.818043, "relative_strength": -15.084584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.06322, "energy": 43.132687, "activity_lines": [ 51.706666, 51.699091, 53.731666, 55.204086 ] }, { "date": "2026-02-13", "close": 50.950001, "volume": 240790, "typical_volume": 275595.45, "trend": 56.588333, "fair_value": 74.623656, "relative_strength": -14.895628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.606924, "energy": 39.283288, "activity_lines": [ 51.563333, 51.485454, 53.252381, 54.816774 ] }, { "date": "2026-02-20", "close": 49.619999, "volume": 262920, "typical_volume": 268903.85, "trend": 56.175667, "fair_value": 74.413138, "relative_strength": -14.408075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.369425, "energy": 48.675849, "activity_lines": [ 50.886666, 51.098181, 52.703809, 54.367204 ] }, { "date": "2026-02-27", "close": 47.360001, "volume": 172098, "typical_volume": 258409.75, "trend": 55.739333, "fair_value": 74.201443, "relative_strength": -16.07318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.233775, "energy": 66.097415, "activity_lines": [ 49.535333, 50.382364, 51.996571, 53.798452 ] }, { "date": "2026-03-06", "close": 47.099998, "volume": 311498, "typical_volume": 245298.65, "trend": 55.301, "fair_value": 73.982377, "relative_strength": -16.643523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.500527, "energy": 76.802124, "activity_lines": [ 48.433333, 49.712727, 51.332619, 53.241075 ] }, { "date": "2026-03-13", "close": 48.599998, "volume": 633848, "typical_volume": 260031.55, "trend": 55.019333, "fair_value": 73.793208, "relative_strength": -14.573317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.606606, "energy": 60.263597, "activity_lines": [ 48.244666, 49.407636, 50.882952, 52.808752 ] }, { "date": "2026-03-20", "close": 48.279999, "volume": 136394, "typical_volume": 248648.2, "trend": 54.678666, "fair_value": 73.610227, "relative_strength": -15.245967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.044545, "energy": 57.537861, "activity_lines": [ 48.095999, 49.085272, 50.458761, 52.373957 ] }, { "date": "2026-03-27", "close": 49.919998, "volume": 182194, "typical_volume": 245677.55, "trend": 54.406, "fair_value": 73.435857, "relative_strength": -13.207413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.706761, "energy": 42.63494, "activity_lines": [ 48.671998, 49.08509, 50.251571, 52.066946 ] }, { "date": "2026-04-03", "close": 48.139999, "volume": 533808, "typical_volume": 264475.25, "trend": 54.135666, "fair_value": 73.272261, "relative_strength": -17.295984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.297178, "energy": 38.292555, "activity_lines": [ 48.634665, 48.777272, 49.914047, 51.662688 ] }, { "date": "2026-04-10", "close": 45.419998, "volume": 914129, "typical_volume": 303110.8, "trend": 53.784666, "fair_value": 73.085525, "relative_strength": -22.132038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.449093, "energy": 46.1693, "activity_lines": [ 47.638665, 48.052362, 49.364904, 51.100386 ] }, { "date": "2026-04-17", "close": 46.5, "volume": 383230, "typical_volume": 315847.5, "trend": 53.384666, "fair_value": 72.876556, "relative_strength": -21.305614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.102591, "energy": 45.09293, "activity_lines": [ 47.114666, 47.66709, 48.971618, 50.630408 ] }, { "date": "2026-04-24", "close": 45.299999, "volume": 618905, "typical_volume": 339042.15, "trend": 52.794666, "fair_value": 72.645317, "relative_strength": -19.909441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.346966, "energy": 55.773432, "activity_lines": [ 46.330666, 47.141817, 48.509047, 50.108817 ] }, { "date": "2026-05-01", "close": 45.799999, "volume": 377445, "typical_volume": 352202.4, "trend": 52.271333, "fair_value": 72.408411, "relative_strength": -19.240555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.364768, "energy": 61.602152, "activity_lines": [ 45.911999, 46.810181, 48.138856, 49.657548 ] }, { "date": "2026-05-08", "close": 45.119999, "volume": 300267, "typical_volume": 357553.7, "trend": 51.720333, "fair_value": 72.148131, "relative_strength": -18.976136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.157811, "energy": 60.927743, "activity_lines": [ 45.541332, 46.424363, 47.743666, 49.196171 ] }, { "date": "2026-05-15", "close": 44.82, "volume": 813716, "typical_volume": 392567.35, "trend": 51.144333, "fair_value": 71.875787, "relative_strength": -18.710689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.408216, "energy": 50.744589, "activity_lines": [ 45.271999, 46.024726, 47.355047, 48.750989 ] }, { "date": "2026-05-22", "close": 44.259998, "volume": 290520, "typical_volume": 397508.35, "trend": 50.607999, "fair_value": 71.603023, "relative_strength": -19.304693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.962092, "energy": 51.29039, "activity_lines": [ 44.855999, 45.564726, 46.947999, 48.306838 ] }, { "date": "2026-05-29", "close": 44.259998, "volume": 0, "typical_volume": 384656.85, "trend": 50.048333, "fair_value": 71.333427, "relative_strength": -18.750482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.65071, "energy": 53.113217, "activity_lines": [ 44.589332, 45.183635, 46.572332, 47.897289 ] }, { "date": "2026-06-05", "close": 44.82, "volume": 351616, "typical_volume": 384857.4, "trend": 49.603999, "fair_value": 71.059816, "relative_strength": -16.935778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.38919, "energy": 47.564853, "activity_lines": [ 44.578666, 44.977454, 46.275428, 47.559978 ] }, { "date": "2026-06-12", "close": 44.240002, "volume": 276153, "typical_volume": 385236.7, "trend": 49.142, "fair_value": 70.783754, "relative_strength": -17.91712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.761114, "energy": 58.042242, "activity_lines": [ 44.44, 44.758545, 45.951761, 47.213913 ] }, { "date": "2026-06-19", "close": 44.82, "volume": 318356, "typical_volume": 372338.85, "trend": 48.751, "fair_value": 70.517748, "relative_strength": -17.030907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.726825, "energy": 43.98832, "activity_lines": [ 44.553333, 44.716, 45.72219, 46.935075 ] }, { "date": "2026-06-26", "close": 46.52, "volume": 2272860, "typical_volume": 469537.35, "trend": 48.436666, "fair_value": 70.26264, "relative_strength": -11.896387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.734561, "energy": 27.158717, "activity_lines": [ 45.233334, 44.993454, 45.694904, 46.791139 ] }, { "date": "2026-07-03", "close": 54.549999, "volume": 5781129, "typical_volume": 746554.3, "trend": 48.431666, "fair_value": 70.033654, "relative_strength": 4.582638, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.70909, "energy": 33.743074, "activity_lines": [ 48.439333, 46.730545, 46.452761, 47.185548 ] }, { "date": "2026-07-10", "close": 52.75, "volume": 2222319, "typical_volume": 844524.25, "trend": 48.384999, "fair_value": 69.808974, "relative_strength": 1.625929, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.978066, "energy": 45.648467, "activity_lines": [ 50.359333, 47.972182, 47.022047, 47.46415 ] }, { "date": "2026-07-17", "close": 50.349998, "volume": 1141360, "typical_volume": 892987.35, "trend": 48.313333, "fair_value": 69.556731, "relative_strength": -1.8358, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.828227, "energy": 44.191732, "activity_lines": [ 50.950666, 48.65109, 47.347856, 47.590924 ] }, { "date": "2026-07-24", "close": 48.700001, "volume": 680686, "typical_volume": 911446.75, "trend": 48.198333, "fair_value": 69.29391, "relative_strength": -5.254716, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.860206, "energy": 50.783221, "activity_lines": [ 50.584666, 48.934909, 47.502285, 47.61587 ] }, { "date": "2026-07-31", "close": 46.68, "volume": 483113, "typical_volume": 903910.0, "trend": 48.059333, "fair_value": 69.027756, "relative_strength": -6.941326, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 8.276528, "energy": 18.789778, "activity_lines": [ 49.286666, 48.780909, 47.456714, 47.517913 ] }, { "date": "2026-08-07", "close": 47.66, "volume": 536149, "typical_volume": 923897.75, "trend": 47.994666, "fair_value": 68.766603, "relative_strength": -6.774056, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.3263, "energy": 7.902631, "activity_lines": [ 48.304667, 48.761091, 47.513619, 47.49215 ] } ], "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." } } }