{ "ticker": { "uuid": "c965a606-827c-46f9-87ba-719fa4472ba9", "symbol": "BIGBLOC", "name": "Bigbloc Construction 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -59.796, "architecture_energy": 55.447, "architecture_maturity": 15.386, "architecture_confidence": 91.778, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 17.88, "rotation_up": 13.99, "upward_expansion": 10.67, "deceleration": 40.64, "rotation_down": 65.52, "downward_expansion": 86.34 }, "activity_lines": [ 46.692666, 47.542909, 49.198857, 49.832043 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 46.849998, "trend_reference": 51.615333, "distance_from_trend": -0.092324, "trend_direction": "Weakening", "fair_value": 81.130704, "distance_from_fair_value": -0.422537, "fair_value_direction": "Weakening", "relative_strength": -13.163822, "relative_strength_direction": "Weakening", "price_momentum": -0.185501, "excess_performance": -0.141792, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.092324, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.084721, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.422537, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.118255, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.131638, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.174286, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.185501, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.161663, "read": "Supply-led" } ], "volume": { "latest": 265224, "relative_activity": 0.571338, "balance": 0.161663, "dry_up": 0.477778, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.07579, "annualized_volatility": 0.476223, "from_high_reference": -0.414375, "from_low_reference": 0.232895 }, "levels": { "trend_reference": 51.615333, "fair_value_reference": 81.130704, "structural_low": 38.0, "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": 18, "median_return": -0.01289, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.033775, "regime_survival": 0.833333, "best_return": 0.250049, "worst_return": -0.20062, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.024988, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.093703, "regime_survival": 0.571429, "best_return": 0.18828, "worst_return": -0.421478, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.124673, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.103345, "regime_survival": 0.5, "best_return": 0.291068, "worst_return": -0.407022, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.128914, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.045589, "regime_survival": 0.5, "best_return": 0.683705, "worst_return": -0.425878, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-19", "end": "2024-03-22", "tenure": "Developing", "return": 0.072578, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-04-19", "tenure": "New", "return": 0.072813, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-26", "end": "2024-06-07", "tenure": "Developing", "return": -0.108465, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-05", "tenure": "New", "return": 0.069508, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-08-30", "tenure": "Developing", "return": -0.1442, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-11-22", "tenure": "Developing", "return": -0.156596, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-12-05", "tenure": "Extended", "return": -0.411242, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": 0.100798, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-02-06", "tenure": "Developing", "return": -0.15931, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": -0.051144, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.212941, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-05-15", "tenure": "Developing", "return": 0.223361, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-10", "tenure": "Developing", "return": -0.138969, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.004072, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 69.938744, "volume": 485246, "typical_volume": 1573194.7, "trend": 72.53578, "fair_value": 39.191384, "relative_strength": -7.198024, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.942226, "energy": 15.139084, "activity_lines": [ 72.592902, 74.602528, 76.014858, 74.435803 ] }, { "date": "2023-08-25", "close": 71.404076, "volume": 683326, "typical_volume": 1584091.9, "trend": 72.698043, "fair_value": 39.619316, "relative_strength": -5.249276, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.786098, "energy": 29.769857, "activity_lines": [ 71.885899, 73.743195, 75.712093, 74.36279 ] }, { "date": "2023-09-01", "close": 84.939812, "volume": 5229694, "typical_volume": 1815869.8, "trend": 73.237817, "fair_value": 40.134488, "relative_strength": 11.092931, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.827306, "energy": 17.707666, "activity_lines": [ 75.927578, 75.507921, 76.658708, 75.152581 ] }, { "date": "2023-09-08", "close": 82.431351, "volume": 824064, "typical_volume": 1836296.0, "trend": 73.740336, "fair_value": 40.633108, "relative_strength": 5.23641, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 43.882411, "energy": 32.725605, "activity_lines": [ 78.599954, 76.673868, 77.274764, 75.745712 ] }, { "date": "2023-09-15", "close": 77.143051, "volume": 953104, "typical_volume": 1872783.1, "trend": 73.98048, "fair_value": 41.095833, "relative_strength": -3.376871, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.272478, "energy": 27.058859, "activity_lines": [ 78.867133, 76.858888, 77.301074, 75.965242 ] }, { "date": "2023-09-22", "close": 85.011742, "volume": 7909552, "typical_volume": 2260216.2, "trend": 74.346314, "fair_value": 41.607255, "relative_strength": 9.104385, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.917394, "energy": 44.798762, "activity_lines": [ 81.480578, 78.468225, 78.022607, 76.676937 ] }, { "date": "2023-09-29", "close": 82.920074, "volume": 909074, "typical_volume": 2139886.0, "trend": 74.672229, "fair_value": 42.103938, "relative_strength": 6.354989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.178547, "energy": 54.441344, "activity_lines": [ 82.391934, 79.570866, 78.443, 77.230082 ] }, { "date": "2023-10-06", "close": 90.166237, "volume": 3672810, "typical_volume": 2168421.5, "trend": 75.324955, "fair_value": 42.639782, "relative_strength": 15.184758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.006897, "energy": 61.760518, "activity_lines": [ 84.950944, 81.846184, 79.516997, 78.229696 ] }, { "date": "2023-10-13", "close": 84.812546, "volume": 2978604, "typical_volume": 2245990.5, "trend": 75.947413, "fair_value": 43.140611, "relative_strength": 7.50789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.54301, "energy": 56.497474, "activity_lines": [ 85.376962, 82.907673, 80.056349, 78.841799 ] }, { "date": "2023-10-20", "close": 80.031563, "volume": 5639634, "typical_volume": 2479949.6, "trend": 76.465144, "fair_value": 43.606769, "relative_strength": 2.53694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.369165, "energy": 33.624102, "activity_lines": [ 84.050573, 82.881389, 80.120633, 79.105292 ] }, { "date": "2023-10-27", "close": 80.330376, "volume": 1099700, "typical_volume": 2478868.1, "trend": 77.028435, "fair_value": 44.075254, "relative_strength": 5.427661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.906808, "energy": 23.933016, "activity_lines": [ 82.631221, 82.781472, 80.228706, 79.354662 ] }, { "date": "2023-11-03", "close": 77.516563, "volume": 1835998, "typical_volume": 2526366.0, "trend": 77.51035, "fair_value": 44.524941, "relative_strength": 0.668312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.283967, "energy": 13.673585, "activity_lines": [ 80.586022, 81.981014, 80.08507, 79.386154 ] }, { "date": "2023-11-10", "close": 75.174995, "volume": 624058, "typical_volume": 2518066.4, "trend": 77.826458, "fair_value": 44.947292, "relative_strength": -3.129234, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.530792, "energy": 15.326445, "activity_lines": [ 78.120535, 80.64368, 79.732014, 79.235486 ] }, { "date": "2023-11-17", "close": 76.446617, "volume": 328590, "typical_volume": 2485195.9, "trend": 78.229658, "fair_value": 45.381216, "relative_strength": -2.818657, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.199942, "energy": 13.046083, "activity_lines": [ 77.078338, 79.715092, 79.509193, 79.146464 ] }, { "date": "2023-11-24", "close": 78.291702, "volume": 467470, "typical_volume": 2040484.5, "trend": 78.647173, "fair_value": 45.826112, "relative_strength": -0.708524, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.600807, "energy": 14.913707, "activity_lines": [ 77.208898, 79.230788, 79.485506, 79.150467 ] }, { "date": "2023-12-01", "close": 78.142105, "volume": 778072, "typical_volume": 1997351.3, "trend": 79.131726, "fair_value": 46.257945, "relative_strength": -3.057386, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.638333, "energy": 16.87386, "activity_lines": [ 77.405582, 78.698399, 79.440439, 79.117882 ] }, { "date": "2023-12-08", "close": 79.164383, "volume": 904732, "typical_volume": 1991858.6, "trend": 79.262083, "fair_value": 46.677287, "relative_strength": -4.930571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.840053, "energy": 10.301987, "activity_lines": [ 78.088911, 78.476782, 79.492341, 79.119989 ] }, { "date": "2023-12-15", "close": 79.014778, "volume": 1065832, "typical_volume": 1902490.0, "trend": 79.063754, "fair_value": 47.071397, "relative_strength": -7.156117, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.110374, "energy": 3.103625, "activity_lines": [ 78.612517, 78.296249, 79.509953, 79.104034 ] }, { "date": "2023-12-22", "close": 82.056694, "volume": 2715516, "typical_volume": 1977304.7, "trend": 79.110045, "fair_value": 47.505826, "relative_strength": -3.302565, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.198257, "energy": 11.122825, "activity_lines": [ 79.89411, 78.871546, 79.807404, 79.297126 ] }, { "date": "2023-12-29", "close": 81.732544, "volume": 1074528, "typical_volume": 2008980.2, "trend": 79.059431, "fair_value": 47.958805, "relative_strength": -5.290707, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.39438, "energy": 20.733614, "activity_lines": [ 80.693647, 79.438012, 80.029879, 79.46632 ] }, { "date": "2024-01-05", "close": 81.533081, "volume": 826314, "typical_volume": 2026033.6, "trend": 78.985612, "fair_value": 48.426507, "relative_strength": -5.403198, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.245167, "energy": 27.202368, "activity_lines": [ 81.197307, 79.937286, 80.191744, 79.62591 ] }, { "date": "2024-01-12", "close": 96.667816, "volume": 9334204, "typical_volume": 2458577.5, "trend": 79.528874, "fair_value": 48.981594, "relative_strength": 10.895631, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 82.78464, "energy": 70.657706, "activity_lines": [ 86.519813, 83.166462, 81.739802, 80.766698 ] }, { "date": "2024-01-19", "close": 91.880547, "volume": 2282400, "typical_volume": 2311212.8, "trend": 80.02184, "fair_value": 49.506976, "relative_strength": 6.446789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.421203, "energy": 72.290953, "activity_lines": [ 89.079668, 85.177022, 82.711625, 81.56358 ] }, { "date": "2024-01-26", "close": 86.993553, "volume": 1255610, "typical_volume": 2332790.1, "trend": 80.209512, "fair_value": 50.002266, "relative_strength": 1.913865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.757277, "energy": 68.121869, "activity_lines": [ 89.152807, 85.995299, 83.184969, 82.013368 ] }, { "date": "2024-02-02", "close": 90.311638, "volume": 1406030, "typical_volume": 2355436.4, "trend": 80.660115, "fair_value": 50.505645, "relative_strength": 3.234491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.216168, "energy": 71.044452, "activity_lines": [ 90.00285, 87.225102, 83.952597, 82.665118 ] }, { "date": "2024-02-09", "close": 101.619324, "volume": 6944654, "typical_volume": 2307191.5, "trend": 81.44542, "fair_value": 51.076534, "relative_strength": 16.042553, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.919166, "energy": 73.238213, "activity_lines": [ 94.050183, 90.292304, 85.734439, 84.017325 ] }, { "date": "2024-02-16", "close": 113.950432, "volume": 6675384, "typical_volume": 2595507.0, "trend": 82.745246, "fair_value": 51.725232, "relative_strength": 27.821499, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.771653, "energy": 82.169975, "activity_lines": [ 100.868802, 95.174667, 88.611589, 86.114422 ] }, { "date": "2024-02-23", "close": 119.641708, "volume": 11344206, "typical_volume": 2979076.8, "trend": 84.168551, "fair_value": 52.402745, "relative_strength": 32.443946, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.35742, "energy": 88.360832, "activity_lines": [ 108.432338, 100.459334, 91.883002, 88.494839 ] }, { "date": "2024-03-01", "close": 117.869431, "volume": 1568228, "typical_volume": 2908558.0, "trend": 85.671036, "fair_value": 53.07045, "relative_strength": 29.062645, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.097405, "energy": 86.81451, "activity_lines": [ 113.554371, 104.683097, 94.845267, 90.669089 ] }, { "date": "2024-03-08", "close": 106.936172, "volume": 1401552, "typical_volume": 2696653.9, "trend": 86.802455, "fair_value": 53.691644, "relative_strength": 15.903399, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.969713, "energy": 73.062326, "activity_lines": [ 112.973593, 106.267854, 96.608856, 92.041034 ] }, { "date": "2024-03-15", "close": 96.90155, "volume": 1968470, "typical_volume": 2740092.4, "trend": 87.701215, "fair_value": 54.245663, "relative_strength": 7.002674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.9409, "energy": 46.114472, "activity_lines": [ 107.939639, 105.569887, 97.288649, 92.692588 ] }, { "date": "2024-03-22", "close": 98.549019, "volume": 1795556, "typical_volume": 2738070.3, "trend": 88.606047, "fair_value": 54.799944, "relative_strength": 8.129929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.051223, "energy": 28.106409, "activity_lines": [ 103.769359, 104.892033, 98.046433, 93.392447 ] }, { "date": "2024-03-29", "close": 100.446114, "volume": 731944, "typical_volume": 2743464.6, "trend": 89.122924, "fair_value": 55.377413, "relative_strength": 8.64736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.700713, "energy": 21.499205, "activity_lines": [ 101.258205, 104.524901, 98.884739, 94.156322 ] }, { "date": "2024-04-05", "close": 113.975395, "volume": 2155558, "typical_volume": 2834813.0, "trend": 90.174392, "fair_value": 56.049276, "relative_strength": 21.424135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.446466, "energy": 23.219002, "activity_lines": [ 104.536517, 106.461901, 100.891209, 95.759707 ] }, { "date": "2024-04-12", "close": 110.605553, "volume": 743872, "typical_volume": 2848633.1, "trend": 91.289808, "fair_value": 56.705369, "relative_strength": 17.141361, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.953902, "energy": 27.72785, "activity_lines": [ 106.951152, 107.295624, 102.398033, 97.077847 ] }, { "date": "2024-04-19", "close": 107.759918, "volume": 1512000, "typical_volume": 2885329.5, "trend": 92.048081, "fair_value": 57.342903, "relative_strength": 15.403847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.577983, "energy": 32.53449, "activity_lines": [ 108.172616, 107.242978, 103.479969, 98.140434 ] }, { "date": "2024-04-26", "close": 124.733917, "volume": 5446478, "typical_volume": 3112416.8, "trend": 93.441876, "fair_value": 58.089847, "relative_strength": 30.808289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.767672, "energy": 54.77329, "activity_lines": [ 114.328188, 110.164867, 106.037439, 100.249198 ] }, { "date": "2024-05-03", "close": 123.885208, "volume": 1892972, "typical_volume": 3153773.8, "trend": 94.565841, "fair_value": 58.832079, "relative_strength": 28.438432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.445867, "energy": 60.038017, "activity_lines": [ 118.455198, 112.736382, 108.297082, 102.213284 ] }, { "date": "2024-05-10", "close": 124.034981, "volume": 10082166, "typical_volume": 3522106.3, "trend": 95.873256, "fair_value": 59.57524, "relative_strength": 30.162697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.355425, "energy": 59.771814, "activity_lines": [ 121.069525, 115.257973, 110.35732, 104.114519 ] }, { "date": "2024-05-17", "close": 121.988121, "volume": 1319994, "typical_volume": 3534379.6, "trend": 97.271808, "fair_value": 60.296946, "relative_strength": 25.248359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.679372, "energy": 61.252518, "activity_lines": [ 122.330927, 117.295307, 112.022722, 105.799349 ] }, { "date": "2024-05-24", "close": 122.087967, "volume": 1301028, "typical_volume": 3558115.3, "trend": 98.663728, "fair_value": 61.023602, "relative_strength": 22.151082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.734573, "energy": 52.732919, "activity_lines": [ 122.866773, 119.077124, 113.505941, 107.400391 ] }, { "date": "2024-05-31", "close": 114.32486, "volume": 1084382, "typical_volume": 3145624.2, "trend": 99.890671, "fair_value": 61.698751, "relative_strength": 16.249653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.973708, "energy": 36.455429, "activity_lines": [ 119.859713, 118.989531, 114.056697, 108.410787 ] }, { "date": "2024-06-07", "close": 111.204636, "volume": 1796522, "typical_volume": 3121330.3, "trend": 101.091659, "fair_value": 62.346072, "relative_strength": 9.262902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.081533, "energy": 22.670562, "activity_lines": [ 116.506516, 118.047791, 114.226208, 109.14072 ] }, { "date": "2024-06-14", "close": 118.43856, "volume": 1713474, "typical_volume": 3144223.5, "trend": 102.49139, "fair_value": 63.044422, "relative_strength": 15.106218, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.759489, "energy": 19.600057, "activity_lines": [ 116.409999, 118.225701, 114.992645, 110.259875 ] }, { "date": "2024-06-21", "close": 117.155518, "volume": 695050, "typical_volume": 3108674.5, "trend": 103.786851, "fair_value": 63.733724, "relative_strength": 13.262607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.962822, "energy": 17.326601, "activity_lines": [ 116.258895, 118.089182, 115.487149, 111.205948 ] }, { "date": "2024-06-28", "close": 113.391289, "volume": 671524, "typical_volume": 2795018.0, "trend": 104.961824, "fair_value": 64.396742, "relative_strength": 7.071566, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.337152, "energy": 15.646044, "activity_lines": [ 115.175222, 117.149168, 115.495327, 111.825589 ] }, { "date": "2024-07-05", "close": 126.670944, "volume": 3696920, "typical_volume": 2646094.8, "trend": 106.545376, "fair_value": 65.143586, "relative_strength": 17.438189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.973445, "energy": 30.691437, "activity_lines": [ 119.097879, 118.521248, 116.712177, 113.226177 ] }, { "date": "2024-07-12", "close": 139.60614, "volume": 6902002, "typical_volume": 2423984.6, "trend": 108.565088, "fair_value": 65.968088, "relative_strength": 27.544075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.243023, "energy": 52.891429, "activity_lines": [ 126.509196, 122.209963, 119.100377, 115.35913 ] }, { "date": "2024-07-19", "close": 133.056152, "volume": 2947088, "typical_volume": 2492927.6, "trend": 110.26507, "fair_value": 66.753867, "relative_strength": 20.572621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.72588, "energy": 57.99884, "activity_lines": [ 129.84375, 124.421935, 120.769699, 116.939199 ] }, { "date": "2024-07-26", "close": 136.855347, "volume": 3273292, "typical_volume": 2586514.6, "trend": 112.102496, "fair_value": 67.559912, "relative_strength": 21.668407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.290973, "energy": 69.185296, "activity_lines": [ 133.470196, 127.16065, 122.728532, 118.6547 ] }, { "date": "2024-08-02", "close": 128.774994, "volume": 1129208, "typical_volume": 2544551.5, "trend": 113.677227, "fair_value": 68.313241, "relative_strength": 14.30902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.885527, "energy": 61.73993, "activity_lines": [ 133.089869, 128.159895, 123.775335, 119.730345 ] }, { "date": "2024-08-09", "close": 131.550003, "volume": 1737942, "typical_volume": 2541670.8, "trend": 114.839966, "fair_value": 69.081253, "relative_strength": 17.635726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.883865, "energy": 44.330445, "activity_lines": [ 132.608965, 129.542106, 124.934647, 120.883428 ] }, { "date": "2024-08-16", "close": 121.875, "volume": 1184178, "typical_volume": 2564282.5, "trend": 115.839781, "fair_value": 69.788007, "relative_strength": 7.606747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.932452, "energy": 25.739848, "activity_lines": [ 128.577789, 128.852041, 125.015382, 121.337301 ] }, { "date": "2024-08-23", "close": 124.099998, "volume": 765904, "typical_volume": 2494799.8, "trend": 117.076663, "fair_value": 70.515234, "relative_strength": 7.745924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.72987, "energy": 16.559123, "activity_lines": [ 126.470356, 128.372514, 125.20598, 121.870218 ] }, { "date": "2024-08-30", "close": 119.474998, "volume": 948508, "typical_volume": 2505031.6, "trend": 118.048775, "fair_value": 71.215728, "relative_strength": 1.880159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.547158, "energy": 15.602784, "activity_lines": [ 123.418332, 126.949143, 124.907888, 122.024949 ] }, { "date": "2024-09-06", "close": 122.800003, "volume": 1451458, "typical_volume": 2502004.5, "trend": 118.754798, "fair_value": 71.936175, "relative_strength": 5.989347, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.224155, "energy": 18.425609, "activity_lines": [ 122.633334, 126.088146, 124.884229, 122.33148 ] }, { "date": "2024-09-13", "close": 136.119995, "volume": 5018071, "typical_volume": 2480584.15, "trend": 119.493783, "fair_value": 72.738078, "relative_strength": 14.418524, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.005469, "energy": 18.568378, "activity_lines": [ 126.686665, 127.477899, 126.057521, 123.451815 ] }, { "date": "2024-09-20", "close": 130.210007, "volume": 699964, "typical_volume": 2420933.75, "trend": 119.84606, "fair_value": 73.500223, "relative_strength": 7.287049, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.498499, "energy": 21.660192, "activity_lines": [ 128.465335, 127.621307, 126.613737, 124.143185 ] }, { "date": "2024-09-27", "close": 122.169998, "volume": 852179, "typical_volume": 1959434.4, "trend": 119.989412, "fair_value": 74.20975, "relative_strength": -1.009235, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.913902, "energy": 18.163168, "activity_lines": [ 127.008334, 126.473734, 126.37412, 124.293116 ] }, { "date": "2024-10-04", "close": 114.449997, "volume": 668425, "typical_volume": 1926855.95, "trend": 120.239873, "fair_value": 74.854832, "relative_strength": -2.94305, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.563995, "energy": 2.136706, "activity_lines": [ 123.106666, 124.120454, 125.408146, 123.935735 ] }, { "date": "2024-10-11", "close": 125.190002, "volume": 1079350, "typical_volume": 1915772.05, "trend": 121.182821, "fair_value": 75.569745, "relative_strength": 6.067069, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.472326, "energy": 10.443084, "activity_lines": [ 123.12, 124.127273, 125.500925, 124.255098 ] }, { "date": "2024-10-18", "close": 133.100006, "volume": 7590495, "typical_volume": 2241077.7, "trend": 122.334521, "fair_value": 76.334061, "relative_strength": 12.691246, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.411212, "energy": 13.436029, "activity_lines": [ 125.610669, 125.637456, 126.332266, 125.023948 ] }, { "date": "2024-10-25", "close": 124.050003, "volume": 3645156, "typical_volume": 2333509.4, "trend": 123.121317, "fair_value": 77.033917, "relative_strength": 7.555923, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.859124, "energy": 6.64809, "activity_lines": [ 125.286002, 125.474002, 126.212297, 125.134625 ] }, { "date": "2024-11-01", "close": 130.970001, "volume": 2369702, "typical_volume": 2366320.8, "trend": 123.687804, "fair_value": 77.77556, "relative_strength": 12.363415, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.847737, "energy": 18.644003, "activity_lines": [ 127.678669, 126.529183, 126.690207, 125.640991 ] }, { "date": "2024-11-08", "close": 123.449997, "volume": 1096231, "typical_volume": 2386379.85, "trend": 124.115952, "fair_value": 78.447434, "relative_strength": 6.068267, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.667959, "energy": 13.864935, "activity_lines": [ 126.978001, 126.092183, 126.392252, 125.625649 ] }, { "date": "2024-11-15", "close": 108.940002, "volume": 1062404, "typical_volume": 2405923.85, "trend": 124.155288, "fair_value": 79.00921, "relative_strength": -4.239057, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.632988, "energy": 23.020058, "activity_lines": [ 120.840668, 122.944728, 124.68242, 124.646555 ] }, { "date": "2024-11-22", "close": 103.57, "volume": 1831485, "typical_volume": 2312652.1, "trend": 123.449824, "fair_value": 79.542438, "relative_strength": -10.519924, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.608908, "energy": 56.663024, "activity_lines": [ 113.996667, 119.07291, 122.482355, 123.318472 ] }, { "date": "2024-11-29", "close": 111.370003, "volume": 1560540, "typical_volume": 2045579.0, "trend": 123.032651, "fair_value": 80.126777, "relative_strength": -4.960426, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.78572, "energy": 57.797949, "activity_lines": [ 111.721334, 117.211092, 121.135152, 122.539129 ] }, { "date": "2024-12-06", "close": 118.230003, "volume": 1494180, "typical_volume": 1972933.6, "trend": 122.839151, "fair_value": 80.720475, "relative_strength": -1.736727, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.030377, "energy": 55.214878, "activity_lines": [ 112.578002, 116.939093, 120.575741, 122.229281 ] }, { "date": "2024-12-13", "close": 110.519997, "volume": 893986, "typical_volume": 1853968.3, "trend": 122.456881, "fair_value": 81.273801, "relative_strength": -8.760856, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.538445, "energy": 53.531708, "activity_lines": [ 111.714001, 115.33691, 119.352644, 121.434497 ] }, { "date": "2024-12-20", "close": 106.779999, "volume": 1331751, "typical_volume": 1864095.45, "trend": 121.946615, "fair_value": 81.798389, "relative_strength": -7.68358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.461789, "energy": 39.934391, "activity_lines": [ 110.465333, 113.126182, 117.898763, 120.423085 ] }, { "date": "2024-12-27", "close": 103.790001, "volume": 1002582, "typical_volume": 1827327.45, "trend": 121.595453, "fair_value": 82.27634, "relative_strength": -11.327547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.959768, "energy": 41.596032, "activity_lines": [ 108.364, 110.706546, 116.264858, 119.25169 ] }, { "date": "2025-01-03", "close": 103.5, "volume": 1061597, "typical_volume": 1821198.4, "trend": 121.338632, "fair_value": 82.710353, "relative_strength": -12.470654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.954266, "energy": 51.669224, "activity_lines": [ 106.151333, 108.767091, 114.735524, 118.084242 ] }, { "date": "2025-01-10", "close": 95.220001, "volume": 877831, "typical_volume": 1826794.75, "trend": 120.56468, "fair_value": 83.102087, "relative_strength": -17.389586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.539218, "energy": 67.745005, "activity_lines": [ 101.703334, 105.695819, 112.50512, 116.399169 ] }, { "date": "2025-01-17", "close": 95.209999, "volume": 798357, "typical_volume": 1819287.2, "trend": 119.833163, "fair_value": 83.496139, "relative_strength": -16.537889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.368016, "energy": 74.105467, "activity_lines": [ 98.786, 103.272727, 110.411286, 114.763383 ] }, { "date": "2025-01-24", "close": 87.129997, "volume": 573734, "typical_volume": 1775401.0, "trend": 118.957786, "fair_value": 83.821881, "relative_strength": -23.163297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.79123, "energy": 82.423777, "activity_lines": [ 94.195999, 99.894, 107.663476, 112.653501 ] }, { "date": "2025-01-31", "close": 85.050003, "volume": 954092, "typical_volume": 1572202.05, "trend": 117.570422, "fair_value": 84.098405, "relative_strength": -26.176639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.107137, "energy": 86.199014, "activity_lines": [ 90.222667, 96.533636, 104.887429, 110.465903 ] }, { "date": "2025-02-07", "close": 79.339996, "volume": 789340, "typical_volume": 1576670.85, "trend": 115.56155, "fair_value": 84.325927, "relative_strength": -30.931913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.727452, "energy": 89.3433, "activity_lines": [ 85.595332, 92.471817, 101.810762, 107.999423 ] }, { "date": "2025-02-14", "close": 65.580002, "volume": 1202131, "typical_volume": 1594168.45, "trend": 113.312345, "fair_value": 84.497833, "relative_strength": -40.800776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.892283, "energy": 95.657527, "activity_lines": [ 77.992, 86.490545, 97.665857, 104.774807 ] }, { "date": "2025-02-21", "close": 69.650002, "volume": 2006130, "typical_volume": 1661053.7, "trend": 111.072167, "fair_value": 84.723967, "relative_strength": -36.166764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.143773, "energy": 90.383662, "activity_lines": [ 73.721334, 82.206546, 94.178048, 101.957882 ] }, { "date": "2025-02-28", "close": 64.43, "volume": 1004006, "typical_volume": 1657286.5, "trend": 108.927334, "fair_value": 84.908374, "relative_strength": -38.575957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.357834, "energy": 91.159419, "activity_lines": [ 69.414667, 77.716546, 90.406429, 98.94871 ] }, { "date": "2025-03-07", "close": 71.839996, "volume": 1310597, "typical_volume": 1343291.6, "trend": 106.937, "fair_value": 85.123588, "relative_strength": -32.38059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.646745, "energy": 81.281152, "activity_lines": [ 69.091332, 75.343818, 87.629857, 96.555979 ] }, { "date": "2025-03-14", "close": 61.630001, "volume": 856291, "typical_volume": 1203848.35, "trend": 104.928834, "fair_value": 85.274307, "relative_strength": -41.192829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.040473, "energy": 69.247679, "activity_lines": [ 66.245333, 71.695636, 84.172619, 93.632946 ] }, { "date": "2025-03-21", "close": 68.949997, "volume": 1313201, "typical_volume": 1151023.3, "trend": 103.0905, "fair_value": 85.475128, "relative_strength": -36.50054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.789805, "energy": 62.786419, "activity_lines": [ 67.019999, 70.139636, 81.709761, 91.311731 ] }, { "date": "2025-03-28", "close": 62.290001, "volume": 1771403, "typical_volume": 1184781.9, "trend": 101.184334, "fair_value": 85.568713, "relative_strength": -42.606947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.511453, "energy": 62.183207, "activity_lines": [ 65.349999, 67.850363, 78.907952, 88.679441 ] }, { "date": "2025-04-04", "close": 63.330002, "volume": 1073667, "typical_volume": 1185345.05, "trend": 99.202, "fair_value": 85.593929, "relative_strength": -39.50295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.304032, "energy": 59.412054, "activity_lines": [ 64.517334, 66.348727, 76.496428, 86.237226 ] }, { "date": "2025-04-11", "close": 62.290001, "volume": 611169, "typical_volume": 1124329.25, "trend": 96.741, "fair_value": 85.591016, "relative_strength": -39.745143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.349203, "energy": 56.95801, "activity_lines": [ 63.411334, 65.090727, 74.203048, 83.855807 ] }, { "date": "2025-04-18", "close": 66.75, "volume": 415903, "typical_volume": 1067097.4, "trend": 94.625667, "fair_value": 85.617488, "relative_strength": -37.653205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.793918, "energy": 52.36931, "activity_lines": [ 64.428667, 65.057455, 72.531, 81.920903 ] }, { "date": "2025-04-25", "close": 68.580002, "volume": 1641837, "typical_volume": 1074480.25, "trend": 92.839334, "fair_value": 85.637568, "relative_strength": -35.697297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.718522, "energy": 41.618514, "activity_lines": [ 65.714668, 65.585819, 71.245714, 80.240538 ] }, { "date": "2025-05-02", "close": 64.0, "volume": 375128, "typical_volume": 1048537.35, "trend": 91.157667, "fair_value": 85.695058, "relative_strength": -39.999313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.528387, "energy": 39.891512, "activity_lines": [ 65.498667, 65.22691, 69.760667, 78.379936 ] }, { "date": "2025-05-09", "close": 62.110001, "volume": 651882, "typical_volume": 1014543.9, "trend": 89.055, "fair_value": 85.792099, "relative_strength": -40.151959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.243952, "energy": 41.425569, "activity_lines": [ 64.538667, 64.627092, 68.317143, 76.505893 ] }, { "date": "2025-05-16", "close": 68.019997, "volume": 834660, "typical_volume": 1006147.8, "trend": 86.885667, "fair_value": 85.8442, "relative_strength": -36.339902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.459251, "energy": 33.152376, "activity_lines": [ 65.63, 65.144, 67.64919, 75.148796 ] }, { "date": "2025-05-23", "close": 68.050003, "volume": 718297, "typical_volume": 988982.8, "trend": 85.019, "fair_value": 85.926379, "relative_strength": -35.131116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.195587, "energy": 31.923184, "activity_lines": [ 66.349334, 65.735819, 67.154429, 73.933592 ] }, { "date": "2025-05-30", "close": 66.040001, "volume": 408976, "typical_volume": 965540.05, "trend": 82.854667, "fair_value": 85.999172, "relative_strength": -36.085969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.537724, "energy": 28.990094, "activity_lines": [ 66.312001, 65.845455, 66.637048, 72.70914 ] }, { "date": "2025-06-06", "close": 62.799999, "volume": 819714, "typical_volume": 966607.9, "trend": 80.833, "fair_value": 86.06757, "relative_strength": -39.201278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.145484, "energy": 34.469972, "activity_lines": [ 65.364, 65.418909, 65.950048, 71.41529 ] }, { "date": "2025-06-13", "close": 64.209999, "volume": 926007, "typical_volume": 984221.55, "trend": 79.342, "fair_value": 86.158201, "relative_strength": -36.395548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.914812, "energy": 34.42898, "activity_lines": [ 64.966, 65.239455, 65.551667, 70.342839 ] }, { "date": "2025-06-20", "close": 64.059998, "volume": 3151310, "typical_volume": 1094082.45, "trend": 78.025, "fair_value": 86.264723, "relative_strength": -36.814997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.367478, "energy": 34.703987, "activity_lines": [ 64.377999, 65.016727, 65.248143, 69.356903 ] }, { "date": "2025-06-27", "close": 65.290001, "volume": 481503, "typical_volume": 1078690.6, "trend": 76.489, "fair_value": 86.339703, "relative_strength": -36.260886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.525404, "energy": 33.23737, "activity_lines": [ 64.464, 64.985454, 65.161714, 68.53529 ] }, { "date": "2025-07-04", "close": 63.889999, "volume": 472285, "typical_volume": 1042198.3, "trend": 74.677667, "fair_value": 86.429554, "relative_strength": -36.36808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.123988, "energy": 31.35054, "activity_lines": [ 64.267333, 64.726181, 65.008857, 67.722452 ] }, { "date": "2025-07-11", "close": 63.200001, "volume": 350137, "typical_volume": 959398.65, "trend": 73.100333, "fair_value": 86.488593, "relative_strength": -35.271261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.629347, "energy": 31.245172, "activity_lines": [ 63.984, 64.426727, 64.798333, 66.981957 ] }, { "date": "2025-07-18", "close": 61.310001, "volume": 486255, "typical_volume": 933511.1, "trend": 71.584667, "fair_value": 86.546963, "relative_strength": -35.806718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.110389, "energy": 34.676202, "activity_lines": [ 63.044, 63.798182, 64.438524, 66.22129 ] }, { "date": "2025-07-25", "close": 60.32, "volume": 285793, "typical_volume": 882270.9, "trend": 70.135667, "fair_value": 86.554314, "relative_strength": -35.509908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.78329, "energy": 42.937838, "activity_lines": [ 61.967334, 63.004182, 63.999286, 65.494538 ] }, { "date": "2025-08-01", "close": 58.18, "volume": 284271, "typical_volume": 853669.9, "trend": 68.625, "fair_value": 86.554625, "relative_strength": -36.184033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.197903, "energy": 59.981162, "activity_lines": [ 60.426667, 61.961091, 63.411095, 64.723204 ] }, { "date": "2025-08-08", "close": 51.400002, "volume": 551592, "typical_volume": 815589.45, "trend": 67.164333, "fair_value": 86.513382, "relative_strength": -42.167679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.541377, "energy": 81.52663, "activity_lines": [ 57.100001, 59.864728, 62.193619, 63.611914 ] }, { "date": "2025-08-15", "close": 50.060001, "volume": 530788, "typical_volume": 753558.7, "trend": 65.659333, "fair_value": 86.462595, "relative_strength": -43.413057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.801436, "energy": 89.344796, "activity_lines": [ 54.159334, 57.79091, 60.932096, 62.508409 ] }, { "date": "2025-08-22", "close": 58.619999, "volume": 843378, "typical_volume": 742044.25, "trend": 64.709, "fair_value": 86.472721, "relative_strength": -33.431423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.879259, "energy": 74.775644, "activity_lines": [ 54.948, 57.505091, 60.544048, 62.054258 ] }, { "date": "2025-08-29", "close": 54.91, "volume": 292007, "typical_volume": 726086.15, "trend": 63.704333, "fair_value": 86.464311, "relative_strength": -35.643901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.468333, "energy": 66.301517, "activity_lines": [ 54.679334, 56.646364, 59.825095, 61.422065 ] }, { "date": "2025-09-05", "close": 60.939999, "volume": 588532, "typical_volume": 734717.6, "trend": 63.091, "fair_value": 86.486924, "relative_strength": -28.50808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.438203, "energy": 36.376137, "activity_lines": [ 56.781333, 57.050364, 59.715572, 61.243721 ] }, { "date": "2025-09-12", "close": 57.740002, "volume": 352846, "typical_volume": 670268.05, "trend": 62.829667, "fair_value": 86.438629, "relative_strength": -32.105115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.08513, "energy": 20.353489, "activity_lines": [ 57.632667, 56.951637, 59.328953, 60.898495 ] }, { "date": "2025-09-19", "close": 56.720001, "volume": 302607, "typical_volume": 666642.0, "trend": 62.398667, "fair_value": 86.359625, "relative_strength": -32.793381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.695776, "energy": 21.919025, "activity_lines": [ 57.721334, 56.779273, 58.89681, 60.504323 ] }, { "date": "2025-09-26", "close": 54.93, "volume": 563280, "typical_volume": 662211.9, "trend": 62.082, "fair_value": 86.304172, "relative_strength": -32.184945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.320353, "energy": 23.672265, "activity_lines": [ 56.769334, 56.399273, 58.328857, 60.022473 ] }, { "date": "2025-10-03", "close": 55.450001, "volume": 258668, "typical_volume": 633412.3, "trend": 61.535667, "fair_value": 86.224987, "relative_strength": -31.256948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.789618, "energy": 28.802675, "activity_lines": [ 56.236667, 56.229819, 57.844619, 59.594602 ] }, { "date": "2025-10-10", "close": 53.5, "volume": 332002, "typical_volume": 614097.55, "trend": 61.264667, "fair_value": 86.159094, "relative_strength": -33.557149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.234786, "energy": 40.79184, "activity_lines": [ 55.018001, 55.794364, 57.234524, 59.076172 ] }, { "date": "2025-10-17", "close": 51.139999, "volume": 328102, "typical_volume": 610053.85, "trend": 60.671, "fair_value": 86.023783, "relative_strength": -36.24065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.554097, "energy": 52.695738, "activity_lines": [ 53.508667, 55.014909, 56.468953, 58.422968 ] }, { "date": "2025-10-24", "close": 51.389999, "volume": 228591, "typical_volume": 580497.7, "trend": 60.307667, "fair_value": 85.910293, "relative_strength": -34.88127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.40974, "energy": 56.902114, "activity_lines": [ 52.522666, 54.285636, 55.798143, 57.824194 ] }, { "date": "2025-10-31", "close": 51.150002, "volume": 316357, "typical_volume": 550015.2, "trend": 59.901667, "fair_value": 85.793196, "relative_strength": -33.581754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.349608, "energy": 60.779644, "activity_lines": [ 51.812, 53.488546, 55.15881, 57.233377 ] }, { "date": "2025-11-07", "close": 50.220001, "volume": 243156, "typical_volume": 404607.5, "trend": 59.499334, "fair_value": 85.603748, "relative_strength": -32.846189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.579658, "energy": 63.655024, "activity_lines": [ 51.043334, 52.658182, 54.493096, 56.608753 ] }, { "date": "2025-11-14", "close": 50.139999, "volume": 373453, "typical_volume": 399205.0, "trend": 58.945667, "fair_value": 85.419837, "relative_strength": -32.848185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.120949, "energy": 55.412419, "activity_lines": [ 50.596667, 51.898546, 53.885667, 56.004925 ] }, { "date": "2025-11-21", "close": 51.619999, "volume": 552061, "typical_volume": 403193.8, "trend": 58.380333, "fair_value": 85.261334, "relative_strength": -30.189636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.673545, "energy": 46.435724, "activity_lines": [ 50.867333, 51.604364, 53.491333, 55.532301 ] }, { "date": "2025-11-28", "close": 63.939999, "volume": 5250354, "typical_volume": 648204.65, "trend": 58.378333, "fair_value": 85.169547, "relative_strength": -12.685505, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.018146, "energy": 8.191669, "activity_lines": [ 55.212666, 53.661454, 54.328762, 55.890989 ] }, { "date": "2025-12-05", "close": 65.57, "volume": 1577602, "typical_volume": 702772.0, "trend": 58.493667, "fair_value": 85.105084, "relative_strength": -8.970675, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.33077, "energy": 33.914088, "activity_lines": [ 59.264666, 55.883636, 55.317905, 56.354968 ] }, { "date": "2025-12-12", "close": 66.370003, "volume": 832059, "typical_volume": 730085.3, "trend": 58.438667, "fair_value": 85.070903, "relative_strength": -6.110185, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.13339, "energy": 47.273873, "activity_lines": [ 62.622001, 58.057818, 56.362953, 56.863119 ] }, { "date": "2025-12-19", "close": 67.389999, "volume": 3370471, "typical_volume": 884395.3, "trend": 58.416667, "fair_value": 85.114109, "relative_strength": -3.044404, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.384713, "energy": 61.799519, "activity_lines": [ 65.242667, 60.218909, 57.476333, 57.440624 ] }, { "date": "2025-12-26", "close": 69.769997, "volume": 1127283, "typical_volume": 913179.85, "trend": 58.541, "fair_value": 85.102838, "relative_strength": 1.30951, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.439256, "energy": 73.726007, "activity_lines": [ 67.506666, 62.560181, 58.772524, 58.173097 ] }, { "date": "2026-01-02", "close": 73.059998, "volume": 6102013, "typical_volume": 1191741.1, "trend": 58.883, "fair_value": 85.13399, "relative_strength": 6.119246, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.07692, "energy": 82.528227, "activity_lines": [ 69.657332, 65.160908, 60.294571, 59.109806 ] }, { "date": "2026-01-09", "close": 68.419998, "volume": 1748783, "typical_volume": 1237011.35, "trend": 59.023333, "fair_value": 85.132852, "relative_strength": 2.936071, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.640879, "energy": 66.514791, "activity_lines": [ 69.653332, 66.523999, 61.26519, 59.725096 ] }, { "date": "2026-01-16", "close": 70.18, "volume": 626481, "typical_volume": 1253735.05, "trend": 59.227333, "fair_value": 85.155414, "relative_strength": 6.62557, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.131745, "energy": 53.619457, "activity_lines": [ 70.045999, 67.89309, 62.356761, 60.444881 ] }, { "date": "2026-01-23", "close": 57.689999, "volume": 1213266, "typical_volume": 1284971.75, "trend": 58.974, "fair_value": 85.098707, "relative_strength": -9.087988, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.207911, "energy": 27.336023, "activity_lines": [ 66.021332, 66.628363, 62.186095, 60.345699 ] }, { "date": "2026-01-30", "close": 57.130001, "volume": 706054, "typical_volume": 1302632.15, "trend": 58.748667, "fair_value": 85.024242, "relative_strength": -10.007433, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.064648, "energy": 17.471524, "activity_lines": [ 62.456666, 65.124545, 61.977571, 60.226731 ] }, { "date": "2026-02-06", "close": 57.52, "volume": 763233, "typical_volume": 1325663.45, "trend": 58.559333, "fair_value": 84.961192, "relative_strength": -9.928697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.935806, "energy": 19.329956, "activity_lines": [ 59.864667, 63.591454, 61.809095, 60.147462 ] }, { "date": "2026-02-13", "close": 55.919998, "volume": 472016, "typical_volume": 1321100.25, "trend": 58.379667, "fair_value": 84.871328, "relative_strength": -11.212279, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.236202, "energy": 22.399733, "activity_lines": [ 57.775333, 61.884181, 61.484428, 59.977182 ] }, { "date": "2026-02-20", "close": 53.060001, "volume": 342757, "typical_volume": 1325304.7, "trend": 58.137667, "fair_value": 84.736862, "relative_strength": -15.438468, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.472111, "energy": 28.762442, "activity_lines": [ 55.566, 59.832363, 60.882666, 59.633978 ] }, { "date": "2026-02-27", "close": 53.630001, "volume": 1045200, "typical_volume": 1360964.6, "trend": 57.986, "fair_value": 84.611781, "relative_strength": -12.662003, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.841067, "energy": 36.330121, "activity_lines": [ 54.688, 58.126182, 60.346571, 59.343161 ] }, { "date": "2026-03-06", "close": 51.139999, "volume": 515959, "typical_volume": 1370357.45, "trend": 57.977333, "fair_value": 84.487137, "relative_strength": -13.490445, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.27439, "energy": 47.965544, "activity_lines": [ 53.250667, 56.217454, 59.572714, 58.901484 ] }, { "date": "2026-03-13", "close": 51.279999, "volume": 442803, "typical_volume": 1381068.05, "trend": 58.018, "fair_value": 84.391888, "relative_strength": -7.992247, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.843767, "energy": 48.037423, "activity_lines": [ 52.259333, 54.672909, 58.81219, 58.469397 ] }, { "date": "2026-03-20", "close": 50.119999, "volume": 411579, "typical_volume": 1385829.15, "trend": 57.734666, "fair_value": 84.299711, "relative_strength": -9.36316, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.564969, "energy": 50.95388, "activity_lines": [ 51.297333, 53.313454, 57.941714, 57.959849 ] }, { "date": "2026-03-27", "close": 42.209999, "volume": 739203, "typical_volume": 1410631.5, "trend": 57.311333, "fair_value": 84.163675, "relative_strength": -22.181483, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.643591, "energy": 74.527881, "activity_lines": [ 48.085332, 50.848545, 56.322809, 56.958258 ] }, { "date": "2026-04-03", "close": 46.830002, "volume": 980947, "typical_volume": 1441006.2, "trend": 56.841, "fair_value": 84.059642, "relative_strength": -12.762924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.241323, "energy": 69.832939, "activity_lines": [ 47.136667, 49.732182, 55.182047, 56.282043 ] }, { "date": "2026-04-10", "close": 50.130001, "volume": 527978, "typical_volume": 1439802.05, "trend": 56.587333, "fair_value": 83.959888, "relative_strength": -11.344086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.725575, "energy": 62.474937, "activity_lines": [ 47.741334, 49.413273, 54.371333, 55.849075 ] }, { "date": "2026-04-17", "close": 51.860001, "volume": 342820, "typical_volume": 1194425.35, "trend": 56.425333, "fair_value": 83.87982, "relative_strength": -8.927031, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.930875, "energy": 44.534871, "activity_lines": [ 48.990001, 49.536182, 53.732476, 55.544086 ] }, { "date": "2026-04-24", "close": 47.310001, "volume": 701354, "typical_volume": 1150612.95, "trend": 56.171333, "fair_value": 83.76151, "relative_strength": -14.721084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.366208, "energy": 39.901762, "activity_lines": [ 48.683334, 48.934728, 52.71781, 54.956 ] }, { "date": "2026-05-01", "close": 48.349998, "volume": 180272, "typical_volume": 1118023.6, "trend": 55.934666, "fair_value": 83.663718, "relative_strength": -12.764512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.262213, "energy": 31.442457, "activity_lines": [ 48.910667, 48.678909, 51.889143, 54.451398 ] }, { "date": "2026-05-08", "close": 58.130001, "volume": 1697139, "typical_volume": 1034357.0, "trend": 56.089, "fair_value": 83.553951, "relative_strength": 4.264799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.572372, "energy": 15.879367, "activity_lines": [ 51.988667, 50.286909, 52.077714, 54.593032 ] }, { "date": "2026-05-15", "close": 57.290001, "volume": 1556775, "typical_volume": 1055831.6, "trend": 56.294, "fair_value": 83.37655, "relative_strength": 5.332736, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.031899, "energy": 15.738025, "activity_lines": [ 54.033334, 51.660364, 52.230381, 54.670516 ] }, { "date": "2026-05-22", "close": 55.48, "volume": 332536, "typical_volume": 767357.75, "trend": 56.430333, "fair_value": 83.215088, "relative_strength": 2.019248, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.640189, "energy": 17.546059, "activity_lines": [ 54.997334, 52.592909, 52.270095, 54.618 ] }, { "date": "2026-05-29", "close": 50.029999, "volume": 802058, "typical_volume": 720021.5, "trend": 56.393, "fair_value": 83.002134, "relative_strength": -6.907797, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.924586, "energy": 20.027327, "activity_lines": [ 53.903333, 52.458182, 51.874476, 54.205075 ] }, { "date": "2026-06-05", "close": 51.290001, "volume": 55761, "typical_volume": 691485.5, "trend": 56.428666, "fair_value": 82.794072, "relative_strength": -3.56648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.19899, "energy": 12.309791, "activity_lines": [ 53.048, 52.554182, 51.686429, 53.875849 ] }, { "date": "2026-06-12", "close": 49.220001, "volume": 49544, "typical_volume": 633299.4, "trend": 56.398, "fair_value": 82.594392, "relative_strength": -8.06277, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.85298, "energy": 22.445102, "activity_lines": [ 51.306667, 52.108728, 51.391191, 53.410774 ] }, { "date": "2026-06-19", "close": 49.41, "volume": 65035, "typical_volume": 601248.45, "trend": 56.324333, "fair_value": 82.416946, "relative_strength": -8.825918, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.171683, "energy": 29.293694, "activity_lines": [ 50.222667, 51.654364, 51.154381, 52.959936 ] }, { "date": "2026-06-26", "close": 49.740002, "volume": 0, "typical_volume": 563086.8, "trend": 55.851, "fair_value": 82.214232, "relative_strength": -8.005206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.600857, "energy": 35.664982, "activity_lines": [ 49.774001, 51.273092, 50.985762, 52.53514 ] }, { "date": "2026-07-03", "close": 49.029999, "volume": 89848, "typical_volume": 543978.4, "trend": 55.299667, "fair_value": 82.036261, "relative_strength": -9.743304, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.63177, "energy": 41.007009, "activity_lines": [ 49.471334, 50.801273, 50.786572, 52.095075 ] }, { "date": "2026-07-10", "close": 47.77, "volume": 275879, "typical_volume": 540634.5, "trend": 54.679667, "fair_value": 81.842093, "relative_strength": -11.419825, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.550853, "energy": 47.3669, "activity_lines": [ 48.815334, 50.069091, 50.500191, 51.60929 ] }, { "date": "2026-07-17", "close": 46.66, "volume": 232361, "typical_volume": 499992.55, "trend": 53.988667, "fair_value": 81.660711, "relative_strength": -13.529473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.58199, "energy": 50.152482, "activity_lines": [ 48.024, 49.145637, 50.133286, 51.091893 ] }, { "date": "2026-07-24", "close": 47.75, "volume": 186589, "typical_volume": 483524.05, "trend": 53.254667, "fair_value": 81.473579, "relative_strength": -9.068106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.522221, "energy": 48.21975, "activity_lines": [ 47.766667, 48.628909, 49.903381, 50.689398 ] }, { "date": "2026-07-31", "close": 45.450001, "volume": 202994, "typical_volume": 471533.6, "trend": 52.334333, "fair_value": 81.298291, "relative_strength": -15.263118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.130538, "energy": 55.665397, "activity_lines": [ 46.853334, 47.867455, 49.470572, 50.185871 ] }, { "date": "2026-08-07", "close": 46.849998, "volume": 265224, "typical_volume": 464215.85, "trend": 51.615333, "fair_value": 81.130704, "relative_strength": -13.163822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.796008, "energy": 55.447129, "activity_lines": [ 46.692666, 47.542909, 49.198857, 49.832043 ] } ], "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." } } }