{ "ticker": { "uuid": "cb258c0f-4b27-473d-a5c1-d1111a7baaab", "symbol": "6586", "name": "CHO Pharma, Inc.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 49.58, "architecture_energy": 43.608, "architecture_maturity": 99.704, "architecture_confidence": 66.658, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 22.91, "rotation_up": 42.68, "upward_expansion": 69.02, "deceleration": 65.45, "rotation_down": 26.87, "downward_expansion": 19.02 }, "activity_lines": [ 116.0, 116.905455, 99.748572, 83.581613 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 113.5, "trend_reference": 63.781667, "distance_from_trend": 0.779508, "trend_direction": "Improving", "fair_value": 56.190064, "distance_from_fair_value": 1.01993, "fair_value_direction": "Improving", "relative_strength": 74.019532, "relative_strength_direction": "Improving", "price_momentum": 3.219331, "excess_performance": 2.777959, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.779508, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.760709, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.01993, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.828118, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.740195, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.522125, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 3.219331, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.988809, "read": "Demand-led" } ], "volume": { "latest": 2616291, "relative_activity": 0.4598, "balance": 1.988809, "dry_up": 0.668265, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.188072, "annualized_volatility": 1.209337, "from_high_reference": -0.23569, "from_low_reference": 3.989011 }, "levels": { "trend_reference": 63.781667, "fair_value_reference": 56.190064, "structural_low": 22.75, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.130228, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": 0.130816, "regime_survival": 0.928571, "best_return": 0.939394, "worst_return": -0.383966, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.454646, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.529537, "regime_survival": 0.8, "best_return": 1.219153, "worst_return": 0.109202, "sufficient": true }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.835969, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.915614, "regime_survival": 0.5, "best_return": 0.863938, "worst_return": 0.808, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 2.37, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 2.534619, "regime_survival": 0.0, "best_return": 2.37, "worst_return": 2.37, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2022-05-06", "end": "2022-08-05", "tenure": "Established", "return": 0.006309, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-08-12", "end": "2022-10-14", "tenure": "Developing", "return": -0.197222, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-10-21", "end": "2023-09-29", "tenure": "Extended", "return": -0.422535, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-06", "end": "2023-11-17", "tenure": "Developing", "return": -0.150652, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-24", "end": "2024-06-14", "tenure": "Extended", "return": -0.2, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-21", "end": "2024-08-09", "tenure": "Developing", "return": -0.11791, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-16", "end": "2024-10-04", "tenure": "Developing", "return": -0.096774, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": -0.021053, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-01-24", "tenure": "Developing", "return": -0.057514, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": -0.151938, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.194291, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2026-04-10", "tenure": "Extended", "return": -0.404396, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": -0.068266, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-14", "tenure": "Established", "return": 1.090239, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 65.599998, "volume": 3788993, "typical_volume": 4426529.35, "trend": 101.176667, "fair_value": 93.457372, "relative_strength": -51.500008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.301593, "energy": 91.742409, "activity_lines": [ 72.913334, 77.292728, 82.009049, 90.067528 ] }, { "date": "2023-08-18", "close": 77.199997, "volume": 4225300, "typical_volume": 4528197.75, "trend": 99.75, "fair_value": 93.730128, "relative_strength": -41.177172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.610441, "energy": 79.652841, "activity_lines": [ 73.513333, 76.834546, 80.886191, 88.520646 ] }, { "date": "2023-08-25", "close": 70.199997, "volume": 1897265, "typical_volume": 4593482.8, "trend": 98.09, "fair_value": 93.973718, "relative_strength": -45.889072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.358644, "energy": 81.332628, "activity_lines": [ 71.966665, 75.187272, 79.312381, 86.614194 ] }, { "date": "2023-09-01", "close": 75.199997, "volume": 2184097, "typical_volume": 4606062.75, "trend": 95.98, "fair_value": 94.269872, "relative_strength": -41.481254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.155692, "energy": 53.612382, "activity_lines": [ 72.826664, 74.627272, 78.444762, 85.13742 ] }, { "date": "2023-09-08", "close": 75.5, "volume": 2098416, "typical_volume": 4580424.25, "trend": 94.18, "fair_value": 94.567308, "relative_strength": -39.80624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.038509, "energy": 43.225819, "activity_lines": [ 73.926665, 74.343636, 77.807143, 83.816129 ] }, { "date": "2023-09-15", "close": 78.900002, "volume": 4706892, "typical_volume": 4579757.5, "trend": 92.493334, "fair_value": 94.873718, "relative_strength": -37.106304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.635727, "energy": 31.638971, "activity_lines": [ 75.979999, 74.88, 77.652857, 82.830323 ] }, { "date": "2023-09-22", "close": 83.800003, "volume": 5470000, "typical_volume": 3831072.65, "trend": 90.953334, "fair_value": 95.219872, "relative_strength": -29.515595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.784202, "energy": 18.46458, "activity_lines": [ 78.780001, 76.407273, 78.082381, 82.269463 ] }, { "date": "2023-09-29", "close": 82.0, "volume": 2176491, "typical_volume": 3344923.3, "trend": 89.47, "fair_value": 95.555769, "relative_strength": -29.66991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.720809, "energy": 19.569716, "activity_lines": [ 80.540001, 77.538182, 78.292857, 81.691828 ] }, { "date": "2023-10-06", "close": 84.300003, "volume": 2470488, "typical_volume": 3201930.6, "trend": 88.246667, "fair_value": 95.9, "relative_strength": -27.124192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.575886, "energy": 14.756952, "activity_lines": [ 82.280002, 79.074546, 78.695239, 81.35828 ] }, { "date": "2023-10-13", "close": 82.0, "volume": 1219353, "typical_volume": 2870587.1, "trend": 87.046667, "fair_value": 96.239744, "relative_strength": -28.871147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.765709, "energy": 16.591122, "activity_lines": [ 82.646668, 80.065455, 78.879524, 80.955269 ] }, { "date": "2023-10-20", "close": 76.5, "volume": 2154693, "typical_volume": 2839582.85, "trend": 85.513334, "fair_value": 96.544231, "relative_strength": -31.035484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.855893, "energy": 12.638233, "activity_lines": [ 80.746667, 79.889092, 78.576191, 80.274839 ] }, { "date": "2023-10-27", "close": 79.5, "volume": 1197081, "typical_volume": 2683035.85, "trend": 84.080001, "fair_value": 96.869231, "relative_strength": -25.668344, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.231951, "energy": 9.966034, "activity_lines": [ 80.006667, 80.060001, 78.610477, 79.886882 ] }, { "date": "2023-11-03", "close": 73.599998, "volume": 2136512, "typical_volume": 2666826.05, "trend": 82.583334, "fair_value": 97.15641, "relative_strength": -31.788493, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.920693, "energy": 23.932827, "activity_lines": [ 77.586666, 79.116364, 78.09381, 79.210753 ] }, { "date": "2023-11-10", "close": 76.199997, "volume": 2032445, "typical_volume": 2598020.2, "trend": 81.206667, "fair_value": 97.465385, "relative_strength": -29.184107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.832867, "energy": 26.390208, "activity_lines": [ 76.593332, 78.583636, 77.855238, 78.798925 ] }, { "date": "2023-11-17", "close": 71.599998, "volume": 1964968, "typical_volume": 2571661.0, "trend": 79.96, "fair_value": 97.760898, "relative_strength": -34.387661, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.149791, "energy": 50.335824, "activity_lines": [ 74.606665, 77.196363, 77.231904, 78.17914 ] }, { "date": "2023-11-24", "close": 70.5, "volume": 1553379, "typical_volume": 2562134.55, "trend": 78.86, "fair_value": 98.04359, "relative_strength": -34.728918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.311606, "energy": 63.447393, "activity_lines": [ 72.946665, 75.679999, 76.575238, 77.568817 ] }, { "date": "2023-12-01", "close": 73.199997, "volume": 1888349, "typical_volume": 2497637.65, "trend": 78.84, "fair_value": 98.343269, "relative_strength": -31.786231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.762692, "energy": 58.927201, "activity_lines": [ 72.586665, 74.807271, 76.241904, 77.203656 ] }, { "date": "2023-12-08", "close": 71.599998, "volume": 2234010, "typical_volume": 2447340.5, "trend": 78.683333, "fair_value": 98.625641, "relative_strength": -31.999151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.749145, "energy": 59.010986, "activity_lines": [ 72.113331, 73.836362, 75.788571, 76.736559 ] }, { "date": "2023-12-15", "close": 70.599998, "volume": 1498969, "typical_volume": 2438078.3, "trend": 78.22, "fair_value": 98.909936, "relative_strength": -32.885647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.677579, "energy": 58.504264, "activity_lines": [ 71.439998, 72.872726, 75.286189, 76.215053 ] }, { "date": "2023-12-22", "close": 69.699997, "volume": 1596491, "typical_volume": 2424709.6, "trend": 77.556667, "fair_value": 99.191346, "relative_strength": -32.283987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.85936, "energy": 55.97892, "activity_lines": [ 70.839998, 71.994543, 74.729999, 75.665376 ] }, { "date": "2023-12-29", "close": 68.900002, "volume": 2184237, "typical_volume": 2344471.8, "trend": 76.94, "fair_value": 99.475, "relative_strength": -33.033595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.680219, "energy": 60.428117, "activity_lines": [ 70.099999, 71.194544, 74.11238, 75.106881 ] }, { "date": "2024-01-05", "close": 67.699997, "volume": 1224880, "typical_volume": 2194450.8, "trend": 76.47, "fair_value": 99.741987, "relative_strength": -31.354047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.865522, "energy": 66.860552, "activity_lines": [ 69.066665, 70.314544, 73.364761, 74.510752 ] }, { "date": "2024-01-12", "close": 66.400002, "volume": 1898931, "typical_volume": 2194534.1, "trend": 76.016666, "fair_value": 100.003205, "relative_strength": -31.392319, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.648528, "energy": 68.250573, "activity_lines": [ 67.966666, 69.412726, 72.538571, 73.861075 ] }, { "date": "2024-01-19", "close": 67.800003, "volume": 2287898, "typical_volume": 2199724.15, "trend": 75.363333, "fair_value": 100.278526, "relative_strength": -29.569961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.654878, "energy": 60.890725, "activity_lines": [ 67.680001, 68.896363, 71.863809, 73.330967 ] }, { "date": "2024-01-26", "close": 64.400002, "volume": 1212443, "typical_volume": 2155425.5, "trend": 74.623333, "fair_value": 100.538462, "relative_strength": -33.215933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.877023, "energy": 66.139396, "activity_lines": [ 66.446668, 67.914546, 70.900476, 72.623656 ] }, { "date": "2024-02-02", "close": 64.5, "volume": 1396374, "typical_volume": 1989899.6, "trend": 73.96, "fair_value": 100.805128, "relative_strength": -32.059082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.920713, "energy": 65.619568, "activity_lines": [ 65.600001, 67.081819, 69.999524, 71.970537 ] }, { "date": "2024-02-09", "close": 64.199997, "volume": 350382, "typical_volume": 1733918.7, "trend": 73.433333, "fair_value": 101.071795, "relative_strength": -31.3139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.789055, "energy": 68.228147, "activity_lines": [ 64.946667, 66.303636, 69.138571, 71.34086 ] }, { "date": "2024-02-16", "close": 63.799999, "volume": 689718, "typical_volume": 1659580.05, "trend": 72.85, "fair_value": 101.326603, "relative_strength": -32.373977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.855768, "energy": 73.330155, "activity_lines": [ 64.393333, 65.616363, 68.332857, 70.719354 ] }, { "date": "2024-02-23", "close": 63.599998, "volume": 2250005, "typical_volume": 1648555.9, "trend": 72.393333, "fair_value": 101.576603, "relative_strength": -32.303731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.22605, "energy": 65.850285, "activity_lines": [ 63.946665, 65.034545, 67.594761, 70.12258 ] }, { "date": "2024-03-01", "close": 62.900002, "volume": 1088339, "typical_volume": 1642005.2, "trend": 72.063333, "fair_value": 101.823398, "relative_strength": -31.95573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.381156, "energy": 62.624144, "activity_lines": [ 63.546666, 64.452727, 66.888571, 69.510107 ] }, { "date": "2024-03-08", "close": 61.700001, "volume": 2456755, "typical_volume": 1657108.3, "trend": 71.933333, "fair_value": 102.058013, "relative_strength": -34.92083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.675852, "energy": 65.83738, "activity_lines": [ 62.846667, 63.776364, 66.159047, 68.841505 ] }, { "date": "2024-03-15", "close": 56.900002, "volume": 2860207, "typical_volume": 1740264.6, "trend": 71.256666, "fair_value": 102.261859, "relative_strength": -38.49899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.853828, "energy": 78.937139, "activity_lines": [ 60.733334, 62.358182, 65.042857, 67.871613 ] }, { "date": "2024-03-22", "close": 63.099998, "volume": 4784337, "typical_volume": 1872655.85, "trend": 71.02, "fair_value": 102.504808, "relative_strength": -32.371705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.863429, "energy": 51.806425, "activity_lines": [ 61.173334, 62.263636, 64.624762, 67.345376 ] }, { "date": "2024-03-29", "close": 59.200001, "volume": 1596120, "typical_volume": 1850839.6, "trend": 70.486666, "fair_value": 102.724039, "relative_strength": -35.46573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.129376, "energy": 53.788627, "activity_lines": [ 60.36, 61.52, 63.885238, 66.582795 ] }, { "date": "2024-04-05", "close": 57.0, "volume": 768091, "typical_volume": 1790995.75, "trend": 69.87, "fair_value": 102.908333, "relative_strength": -36.736159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.481054, "energy": 57.238387, "activity_lines": [ 59.106667, 60.532727, 63.017143, 65.712688 ] }, { "date": "2024-04-12", "close": 57.5, "volume": 1890426, "typical_volume": 1807848.1, "trend": 69.156666, "fair_value": 103.059615, "relative_strength": -36.132839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.744061, "energy": 51.124514, "activity_lines": [ 58.413333, 59.770909, 62.266191, 64.914623 ] }, { "date": "2024-04-19", "close": 53.900002, "volume": 1964082, "typical_volume": 1811634.75, "trend": 68.16, "fair_value": 103.163141, "relative_strength": -35.210759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.236736, "energy": 63.498452, "activity_lines": [ 56.800001, 58.481819, 61.234286, 63.930323 ] }, { "date": "2024-04-26", "close": 55.299999, "volume": 1518636, "typical_volume": 1775866.05, "trend": 67.27, "fair_value": 103.322115, "relative_strength": -34.333784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.381426, "energy": 64.372688, "activity_lines": [ 55.853334, 57.634546, 60.427619, 63.100645 ] }, { "date": "2024-05-03", "close": 55.700001, "volume": 924068, "typical_volume": 1747121.0, "trend": 66.316666, "fair_value": 103.484295, "relative_strength": -33.939453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.706205, "energy": 54.682222, "activity_lines": [ 55.56, 57.014546, 59.736667, 62.354194 ] }, { "date": "2024-05-10", "close": 53.900002, "volume": 849161, "typical_volume": 1709754.5, "trend": 65.38, "fair_value": 103.636218, "relative_strength": -36.560522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.688131, "energy": 55.963892, "activity_lines": [ 54.900001, 56.21091, 58.945239, 61.553118 ] }, { "date": "2024-05-17", "close": 55.599998, "volume": 1267373, "typical_volume": 1663911.3, "trend": 64.683333, "fair_value": 103.81218, "relative_strength": -35.462439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.914629, "energy": 46.837754, "activity_lines": [ 55.013333, 55.88, 58.390953, 60.922151 ] }, { "date": "2024-05-24", "close": 54.799999, "volume": 1247942, "typical_volume": 1665064.4, "trend": 63.86, "fair_value": 103.982692, "relative_strength": -36.425053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.417528, "energy": 43.555756, "activity_lines": [ 54.986666, 55.514545, 57.82381, 60.284516 ] }, { "date": "2024-05-31", "close": 54.400002, "volume": 996041, "typical_volume": 1619919.9, "trend": 63.22, "fair_value": 104.145833, "relative_strength": -34.889376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.638586, "energy": 42.224626, "activity_lines": [ 54.766667, 55.114546, 57.28, 59.674194 ] }, { "date": "2024-06-07", "close": 54.700001, "volume": 1959030, "typical_volume": 1603476.5, "trend": 62.503333, "fair_value": 104.310898, "relative_strength": -35.847348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.554181, "energy": 36.883624, "activity_lines": [ 54.706667, 54.927273, 56.821905, 59.124516 ] }, { "date": "2024-06-14", "close": 56.400002, "volume": 865083, "typical_volume": 1586108.5, "trend": 61.996667, "fair_value": 104.486859, "relative_strength": -35.074388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.199246, "energy": 29.616756, "activity_lines": [ 55.280001, 55.13091, 56.588096, 58.730753 ] }, { "date": "2024-06-21", "close": 67.0, "volume": 6255101, "typical_volume": 1829044.85, "trend": 61.88, "fair_value": 104.659615, "relative_strength": -24.528307, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.736307, "energy": 10.310984, "activity_lines": [ 59.220001, 57.272728, 57.401905, 59.053549 ] }, { "date": "2024-06-28", "close": 67.900002, "volume": 2839105, "typical_volume": 1953481.0, "trend": 61.703333, "fair_value": 104.857692, "relative_strength": -21.926138, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.609844, "energy": 36.558165, "activity_lines": [ 62.700001, 59.405455, 58.289524, 59.441936 ] }, { "date": "2024-07-05", "close": 68.300003, "volume": 2063218, "typical_volume": 2022156.0, "trend": 61.593334, "fair_value": 105.058013, "relative_strength": -22.358031, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.228705, "energy": 56.624684, "activity_lines": [ 65.440002, 61.356365, 59.19762, 59.867528 ] }, { "date": "2024-07-12", "close": 65.0, "volume": 1787560, "typical_volume": 1999033.75, "trend": 61.406667, "fair_value": 105.234295, "relative_strength": -26.499371, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.895339, "energy": 58.920202, "activity_lines": [ 66.153335, 62.47091, 59.770001, 60.087312 ] }, { "date": "2024-07-19", "close": 64.900002, "volume": 1274727, "typical_volume": 2008353.15, "trend": 61.246667, "fair_value": 105.315705, "relative_strength": -22.469876, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.984867, "energy": 60.733906, "activity_lines": [ 66.146668, 63.398183, 60.326191, 60.312689 ] }, { "date": "2024-07-26", "close": 64.199997, "volume": 756203, "typical_volume": 1923325.55, "trend": 61.09, "fair_value": 105.406731, "relative_strength": -20.046991, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.869165, "energy": 37.36013, "activity_lines": [ 65.34, 63.998182, 60.806191, 60.503226 ] }, { "date": "2024-08-02", "close": 59.0, "volume": 1365304, "typical_volume": 1848580.4, "trend": 60.800001, "fair_value": 105.469231, "relative_strength": -24.248954, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 4.418368, "energy": 9.475418, "activity_lines": [ 62.986666, 63.496364, 60.779048, 60.368388 ] }, { "date": "2024-08-09", "close": 59.099998, "volume": 1603419, "typical_volume": 1689534.5, "trend": 60.556667, "fair_value": 105.512821, "relative_strength": -23.030008, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -3.477895, "energy": 9.814282, "activity_lines": [ 61.259999, 62.936364, 60.751429, 60.25871 ] }, { "date": "2024-08-16", "close": 62.0, "volume": 1624541, "typical_volume": 1690955.55, "trend": 60.363334, "fair_value": 105.561539, "relative_strength": -21.616677, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.777451, "energy": 10.544263, "activity_lines": [ 61.113333, 62.818182, 61.019048, 60.351828 ] }, { "date": "2024-08-23", "close": 60.700001, "volume": 794556, "typical_volume": 1692278.8, "trend": 60.24, "fair_value": 105.620513, "relative_strength": -21.953185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.029408, "energy": 18.769765, "activity_lines": [ 60.733333, 62.330909, 61.149524, 60.373549 ] }, { "date": "2024-08-30", "close": 62.400002, "volume": 1538721, "typical_volume": 1674693.55, "trend": 60.17, "fair_value": 105.678846, "relative_strength": -19.406249, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.515053, "energy": 14.933224, "activity_lines": [ 61.200001, 62.074546, 61.424286, 60.512904 ] }, { "date": "2024-09-06", "close": 61.0, "volume": 951120, "typical_volume": 1624045.45, "trend": 60.063334, "fair_value": 105.723718, "relative_strength": -17.372081, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.879409, "energy": 11.161231, "activity_lines": [ 61.320001, 61.647273, 61.542381, 60.566452 ] }, { "date": "2024-09-13", "close": 60.099998, "volume": 607143, "typical_volume": 1578470.8, "trend": 59.94, "fair_value": 105.701923, "relative_strength": -18.94477, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.290433, "energy": 7.691282, "activity_lines": [ 61.006667, 61.181818, 61.540953, 60.568818 ] }, { "date": "2024-09-20", "close": 58.200001, "volume": 736353, "typical_volume": 1569085.05, "trend": 59.76, "fair_value": 105.565385, "relative_strength": -21.819958, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.311679, "energy": 7.288087, "activity_lines": [ 59.993333, 60.52, 61.335715, 60.456559 ] }, { "date": "2024-09-27", "close": 56.799999, "volume": 1158955, "typical_volume": 1584574.75, "trend": 59.556667, "fair_value": 105.470513, "relative_strength": -24.831646, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.437237, "energy": 28.501517, "activity_lines": [ 58.766666, 59.727273, 60.985238, 60.265592 ] }, { "date": "2024-10-04", "close": 56.0, "volume": 651884, "typical_volume": 1553800.3, "trend": 59.366667, "fair_value": 105.31859, "relative_strength": -23.003059, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.197904, "energy": 42.414243, "activity_lines": [ 57.533333, 58.936364, 60.544762, 60.036129 ] }, { "date": "2024-10-11", "close": 57.0, "volume": 1083966, "typical_volume": 1545601.5, "trend": 59.37, "fair_value": 105.092949, "relative_strength": -22.583348, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.433675, "energy": 43.413395, "activity_lines": [ 57.06, 58.476364, 60.197619, 59.883441 ] }, { "date": "2024-10-18", "close": 56.099998, "volume": 831221, "typical_volume": 1537360.5, "trend": 59.136667, "fair_value": 104.901282, "relative_strength": -24.68534, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.365132, "energy": 45.716184, "activity_lines": [ 56.553333, 57.88909, 59.754286, 59.672473 ] }, { "date": "2024-10-25", "close": 55.0, "volume": 992571, "typical_volume": 1489037.55, "trend": 58.996667, "fair_value": 104.73141, "relative_strength": -24.546449, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.339343, "energy": 49.280872, "activity_lines": [ 55.946666, 57.156363, 59.198095, 59.405591 ] }, { "date": "2024-11-01", "close": 54.599998, "volume": 492495, "typical_volume": 1470408.15, "trend": 58.916667, "fair_value": 104.614744, "relative_strength": -22.238753, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.029747, "energy": 50.075009, "activity_lines": [ 55.419999, 56.478181, 58.602381, 59.121935 ] }, { "date": "2024-11-08", "close": 55.799999, "volume": 689420, "typical_volume": 1192124.1, "trend": 58.86, "fair_value": 104.498077, "relative_strength": -22.071575, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.846972, "energy": 49.423263, "activity_lines": [ 55.439999, 56.12909, 58.129523, 58.92086 ] }, { "date": "2024-11-15", "close": 53.900002, "volume": 916233, "typical_volume": 1095980.5, "trend": 58.86, "fair_value": 104.324359, "relative_strength": -21.147169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.151995, "energy": 65.679909, "activity_lines": [ 54.84, 55.554545, 57.529047, 58.60086 ] }, { "date": "2024-11-22", "close": 52.400002, "volume": 1275063, "typical_volume": 1056572.75, "trend": 58.763334, "fair_value": 104.179487, "relative_strength": -23.000237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.877695, "energy": 69.5437, "activity_lines": [ 53.946667, 54.836364, 56.852381, 58.184086 ] }, { "date": "2024-11-29", "close": 51.400002, "volume": 1188215, "typical_volume": 1026605.5, "trend": 58.62, "fair_value": 104.002564, "relative_strength": -21.330414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.257818, "energy": 76.178313, "activity_lines": [ 52.966668, 54.076364, 56.156191, 57.709032 ] }, { "date": "2024-12-06", "close": 53.700001, "volume": 1668123, "typical_volume": 1046275.3, "trend": 58.613334, "fair_value": 103.825641, "relative_strength": -20.165133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.368828, "energy": 61.505494, "activity_lines": [ 52.993335, 53.858182, 55.74381, 57.391613 ] }, { "date": "2024-12-13", "close": 53.099998, "volume": 898061, "typical_volume": 1053368.2, "trend": 58.53, "fair_value": 103.63141, "relative_strength": -19.564312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.173105, "energy": 51.209071, "activity_lines": [ 52.88, 53.587273, 55.327619, 57.035914 ] }, { "date": "2024-12-20", "close": 52.5, "volume": 636611, "typical_volume": 1016933.55, "trend": 58.453334, "fair_value": 103.414103, "relative_strength": -17.77248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.833061, "energy": 45.232414, "activity_lines": [ 52.746667, 53.26, 54.907143, 56.646882 ] }, { "date": "2024-12-27", "close": 52.099998, "volume": 796011, "typical_volume": 976563.15, "trend": 58.376667, "fair_value": 103.183333, "relative_strength": -20.214687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.016341, "energy": 40.353184, "activity_lines": [ 52.573333, 52.941818, 54.479524, 56.236989 ] }, { "date": "2025-01-03", "close": 51.0, "volume": 545967, "typical_volume": 922634.45, "trend": 58.253333, "fair_value": 102.973077, "relative_strength": -19.745583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.732052, "energy": 43.79419, "activity_lines": [ 52.053333, 52.496364, 53.980476, 55.761075 ] }, { "date": "2025-01-10", "close": 50.700001, "volume": 866207, "typical_volume": 926217.0, "trend": 58.063333, "fair_value": 102.762821, "relative_strength": -19.692454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.055988, "energy": 45.940349, "activity_lines": [ 51.46, 52.069091, 53.505238, 55.273763 ] }, { "date": "2025-01-17", "close": 50.0, "volume": 742577, "typical_volume": 886409.8, "trend": 57.496667, "fair_value": 102.572436, "relative_strength": -20.332186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.501198, "energy": 48.224755, "activity_lines": [ 50.833333, 51.585455, 53.010952, 54.753548 ] }, { "date": "2025-01-24", "close": 50.799999, "volume": 413793, "typical_volume": 859543.45, "trend": 56.926667, "fair_value": 102.31859, "relative_strength": -19.545773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.114013, "energy": 46.483281, "activity_lines": [ 50.68, 51.352727, 52.651905, 54.321505 ] }, { "date": "2025-02-07", "close": 64.5, "volume": 5375357, "typical_volume": 1097954.15, "trend": 56.8, "fair_value": 102.146795, "relative_strength": 2.964701, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.142333, "energy": 11.253861, "activity_lines": [ 55.206667, 53.667272, 53.64619, 54.810107 ] }, { "date": "2025-02-14", "close": 61.200001, "volume": 3061381, "typical_volume": 1214205.55, "trend": 56.673333, "fair_value": 101.60641, "relative_strength": -0.279037, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.059406, "energy": 29.872764, "activity_lines": [ 57.806667, 55.161818, 54.305238, 55.093978 ] }, { "date": "2025-02-21", "close": 59.799999, "volume": 1288934, "typical_volume": 1220704.5, "trend": 56.503333, "fair_value": 101.025, "relative_strength": -4.301159, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.600041, "energy": 34.311272, "activity_lines": [ 59.26, 56.223636, 54.816667, 55.295699 ] }, { "date": "2025-02-28", "close": 61.700001, "volume": 1471948, "typical_volume": 1261707.7, "trend": 56.42, "fair_value": 100.276282, "relative_strength": 2.154617, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.953968, "energy": 40.51872, "activity_lines": [ 60.74, 57.52, 55.494762, 55.630968 ] }, { "date": "2025-03-07", "close": 58.5, "volume": 840464, "typical_volume": 1249532.6, "trend": 56.403333, "fair_value": 99.545513, "relative_strength": -0.563446, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.053802, "energy": 52.524383, "activity_lines": [ 60.373334, 58.078182, 55.840952, 55.765161 ] }, { "date": "2025-03-14", "close": 54.700001, "volume": 1749600, "typical_volume": 1295451.55, "trend": 56.256667, "fair_value": 98.796795, "relative_strength": -4.003958, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.529686, "energy": 19.02922, "activity_lines": [ 58.226667, 57.836364, 55.818095, 55.655269 ] }, { "date": "2025-03-21", "close": 54.299999, "volume": 799351, "typical_volume": 1285790.55, "trend": 56.0, "fair_value": 98.096795, "relative_strength": -5.427545, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.10011, "energy": 3.847409, "activity_lines": [ 56.6, 57.474546, 55.76381, 55.529032 ] }, { "date": "2025-03-28", "close": 51.799999, "volume": 753794, "typical_volume": 1298855.5, "trend": 55.703333, "fair_value": 97.319872, "relative_strength": -6.749548, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.342743, "energy": 20.571658, "activity_lines": [ 54.6, 56.598182, 55.474762, 55.258064 ] }, { "date": "2025-04-04", "close": 52.400002, "volume": 946842, "typical_volume": 1311726.6, "trend": 55.37, "fair_value": 96.41218, "relative_strength": -3.992068, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.207257, "energy": 24.348562, "activity_lines": [ 53.333334, 55.810909, 55.256191, 55.044946 ] }, { "date": "2025-04-11", "close": 43.75, "volume": 3684016, "typical_volume": 1450115.75, "trend": 54.795, "fair_value": 95.173398, "relative_strength": -12.207152, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.034366, "energy": 59.68697, "activity_lines": [ 49.803334, 53.407273, 54.23, 54.295269 ] }, { "date": "2025-04-18", "close": 45.5, "volume": 1289467, "typical_volume": 1450835.95, "trend": 54.308333, "fair_value": 93.9875, "relative_strength": -7.769102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.120733, "energy": 68.171668, "activity_lines": [ 47.84, 51.45, 53.41881, 53.695591 ] }, { "date": "2025-04-25", "close": 42.299999, "volume": 955599, "typical_volume": 1439205.15, "trend": 53.778333, "fair_value": 92.749039, "relative_strength": -15.915197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.906241, "energy": 75.312186, "activity_lines": [ 45.423333, 49.256364, 52.335714, 52.92086 ] }, { "date": "2025-05-02", "close": 42.900002, "volume": 826199, "typical_volume": 1397108.95, "trend": 53.315, "fair_value": 92.18109, "relative_strength": -18.049474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.797264, "energy": 75.077099, "activity_lines": [ 44.006667, 47.515455, 51.353095, 52.219032 ] }, { "date": "2025-05-09", "close": 42.200001, "volume": 733193, "typical_volume": 1388865.55, "trend": 52.855, "fair_value": 91.515705, "relative_strength": -19.433449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.571043, "energy": 79.596621, "activity_lines": [ 42.950001, 45.954546, 50.355238, 51.501936 ] }, { "date": "2025-05-16", "close": 42.150002, "volume": 834758, "typical_volume": 1398772.9, "trend": 52.36, "fair_value": 90.769872, "relative_strength": -22.549675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.133315, "energy": 78.540468, "activity_lines": [ 42.556668, 44.739092, 49.404524, 50.811291 ] }, { "date": "2025-05-23", "close": 40.599998, "volume": 976977, "typical_volume": 1407821.2, "trend": 51.843333, "fair_value": 90.084615, "relative_strength": -24.30561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.428482, "energy": 77.127826, "activity_lines": [ 41.753334, 43.539091, 48.355476, 50.052581 ] }, { "date": "2025-05-30", "close": 40.099998, "volume": 605627, "typical_volume": 1410804.2, "trend": 51.346667, "fair_value": 89.207051, "relative_strength": -23.777742, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.12407, "energy": 77.647565, "activity_lines": [ 41.109999, 42.504545, 47.313571, 49.294946 ] }, { "date": "2025-06-06", "close": 40.200001, "volume": 1052653, "typical_volume": 1420126.5, "trend": 50.866667, "fair_value": 88.246795, "relative_strength": -24.271606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.650935, "energy": 65.507333, "activity_lines": [ 40.646666, 41.746364, 46.333095, 48.575807 ] }, { "date": "2025-06-13", "close": 40.049999, "volume": 1540941, "typical_volume": 1460044.7, "trend": 50.341667, "fair_value": 87.336859, "relative_strength": -25.5615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.344858, "energy": 70.906744, "activity_lines": [ 40.313333, 41.171818, 45.388333, 47.877957 ] }, { "date": "2025-06-20", "close": 40.200001, "volume": 850322, "typical_volume": 1481871.15, "trend": 49.885, "fair_value": 86.395833, "relative_strength": -24.785388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.540863, "energy": 62.75886, "activity_lines": [ 40.173333, 40.849091, 44.505238, 47.223656 ] }, { "date": "2025-06-27", "close": 40.150002, "volume": 1088941, "typical_volume": 1267550.35, "trend": 49.476667, "fair_value": 85.441667, "relative_strength": -26.009141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.221375, "energy": 53.711851, "activity_lines": [ 40.146667, 40.581819, 43.667857, 46.595592 ] }, { "date": "2025-07-04", "close": 40.0, "volume": 2235155, "typical_volume": 1226239.05, "trend": 49.096667, "fair_value": 84.640385, "relative_strength": -25.478953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.909195, "energy": 51.190038, "activity_lines": [ 40.100001, 40.384546, 42.932143, 45.984194 ] }, { "date": "2025-07-11", "close": 40.799999, "volume": 1729913, "typical_volume": 1248288.0, "trend": 48.666667, "fair_value": 83.850641, "relative_strength": -23.989366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.601316, "energy": 53.892266, "activity_lines": [ 40.326667, 40.374546, 42.373572, 45.448925 ] }, { "date": "2025-07-18", "close": 39.650002, "volume": 1147816, "typical_volume": 1232081.4, "trend": 48.218333, "fair_value": 83.015064, "relative_strength": -27.524864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.987007, "energy": 55.857657, "activity_lines": [ 40.130001, 40.193637, 41.795953, 44.867205 ] }, { "date": "2025-07-25", "close": 39.349998, "volume": 957762, "typical_volume": 1237946.3, "trend": 47.78, "fair_value": 82.196795, "relative_strength": -27.326369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.8211, "energy": 62.474147, "activity_lines": [ 39.86, 40.004545, 41.294762, 44.295054 ] }, { "date": "2025-08-01", "close": 39.0, "volume": 695302, "typical_volume": 1185231.4, "trend": 47.343333, "fair_value": 81.366667, "relative_strength": -27.442378, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.5857, "energy": 66.153421, "activity_lines": [ 39.53, 39.802727, 40.851429, 43.728602 ] }, { "date": "2025-08-08", "close": 38.25, "volume": 1360897, "typical_volume": 1213308.7, "trend": 46.918333, "fair_value": 80.579808, "relative_strength": -29.909726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.54434, "energy": 58.337324, "activity_lines": [ 39.026666, 39.493636, 40.411429, 43.141936 ] }, { "date": "2025-08-15", "close": 36.900002, "volume": 2093313, "typical_volume": 1280284.65, "trend": 46.458334, "fair_value": 79.79391, "relative_strength": -32.547849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.968466, "energy": 60.465484, "activity_lines": [ 38.190001, 38.972728, 39.919286, 42.495592 ] }, { "date": "2025-08-22", "close": 36.900002, "volume": 788359, "typical_volume": 1272360.5, "trend": 46.021667, "fair_value": 78.876603, "relative_strength": -30.200674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.00683, "energy": 60.859281, "activity_lines": [ 37.613334, 38.511819, 39.498096, 41.878925 ] }, { "date": "2025-08-29", "close": 37.650002, "volume": 1745907, "typical_volume": 1175455.05, "trend": 45.583334, "fair_value": 77.976923, "relative_strength": -29.435916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.764797, "energy": 52.567298, "activity_lines": [ 37.470002, 38.244546, 39.222143, 41.338818 ] }, { "date": "2025-09-05", "close": 39.049999, "volume": 865786, "typical_volume": 1154271.0, "trend": 44.735, "fair_value": 77.015705, "relative_strength": -26.821213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.622901, "energy": 45.150895, "activity_lines": [ 37.906668, 38.278182, 39.108572, 40.917312 ] }, { "date": "2025-09-12", "close": 38.650002, "volume": 1494777, "typical_volume": 1181229.9, "trend": 43.983334, "fair_value": 76.083974, "relative_strength": -29.530835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.95326, "energy": 35.12188, "activity_lines": [ 38.206668, 38.259092, 38.98762, 40.524732 ] }, { "date": "2025-09-19", "close": 37.950001, "volume": 1226158, "typical_volume": 1201227.85, "trend": 43.255, "fair_value": 75.147757, "relative_strength": -30.291787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.535263, "energy": 26.59114, "activity_lines": [ 38.246668, 38.137274, 38.817382, 40.135484 ] }, { "date": "2025-09-26", "close": 37.450001, "volume": 1263209, "typical_volume": 1227728.65, "trend": 42.446667, "fair_value": 74.230769, "relative_strength": -30.485367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.466551, "energy": 25.833023, "activity_lines": [ 38.050001, 37.976365, 38.623096, 39.760968 ] }, { "date": "2025-10-03", "close": 37.099998, "volume": 541731, "typical_volume": 1213077.3, "trend": 41.733334, "fair_value": 73.333974, "relative_strength": -33.504112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.615293, "energy": 33.60579, "activity_lines": [ 37.7, 37.791819, 38.418096, 39.416022 ] }, { "date": "2025-10-10", "close": 36.549999, "volume": 918485, "typical_volume": 1210152.7, "trend": 41.128334, "fair_value": 72.558654, "relative_strength": -35.085811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.336375, "energy": 38.318256, "activity_lines": [ 37.203333, 37.548182, 38.184762, 39.081613 ] }, { "date": "2025-10-17", "close": 36.099998, "volume": 1039237, "typical_volume": 1231833.2, "trend": 40.521667, "fair_value": 71.754808, "relative_strength": -35.180913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.811245, "energy": 45.863305, "activity_lines": [ 36.723332, 37.267272, 37.927857, 38.757204 ] }, { "date": "2025-10-24", "close": 35.299999, "volume": 595785, "typical_volume": 1208989.8, "trend": 39.971667, "fair_value": 71.054808, "relative_strength": -36.484082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.236611, "energy": 55.158646, "activity_lines": [ 36.146665, 36.879999, 37.61381, 38.420323 ] }, { "date": "2025-10-31", "close": 34.75, "volume": 1116943, "typical_volume": 1187789.9, "trend": 39.383334, "fair_value": 70.367308, "relative_strength": -38.365901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.491877, "energy": 60.038443, "activity_lines": [ 35.563332, 36.421818, 37.270714, 38.083441 ] }, { "date": "2025-11-07", "close": 33.200001, "volume": 1941382, "typical_volume": 1242342.9, "trend": 39.031667, "fair_value": 69.820513, "relative_strength": -39.175132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.412636, "energy": 68.226986, "activity_lines": [ 34.643333, 35.720909, 36.805238, 37.684516 ] }, { "date": "2025-11-14", "close": 30.1, "volume": 1603833, "typical_volume": 1268087.5, "trend": 38.518334, "fair_value": 69.257051, "relative_strength": -43.646035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.697686, "energy": 84.296429, "activity_lines": [ 32.95, 34.537272, 36.077857, 37.10828 ] }, { "date": "2025-11-21", "close": 28.700001, "volume": 1409164, "typical_volume": 1226787.95, "trend": 38.065, "fair_value": 68.559616, "relative_strength": -43.596039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.342455, "energy": 90.14051, "activity_lines": [ 31.22, 33.261818, 35.265, 36.474839 ] }, { "date": "2025-11-28", "close": 32.099998, "volume": 1365878, "typical_volume": 1208586.2, "trend": 37.705, "fair_value": 67.935257, "relative_strength": -38.948243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.563395, "energy": 81.675864, "activity_lines": [ 31.116666, 32.785454, 34.829762, 36.09 ] }, { "date": "2025-12-05", "close": 31.1, "volume": 1108356, "typical_volume": 1206613.2, "trend": 37.335, "fair_value": 67.272436, "relative_strength": -40.884147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.029614, "energy": 79.114408, "activity_lines": [ 30.893333, 32.233636, 34.340714, 35.663871 ] }, { "date": "2025-12-12", "close": 29.0, "volume": 958320, "typical_volume": 1206641.1, "trend": 36.896667, "fair_value": 66.580128, "relative_strength": -44.570763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.993757, "energy": 77.946817, "activity_lines": [ 30.213333, 31.415454, 33.692381, 35.126129 ] }, { "date": "2025-12-19", "close": 28.1, "volume": 955411, "typical_volume": 1219646.55, "trend": 36.48, "fair_value": 65.869231, "relative_strength": -44.575905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.44133, "energy": 69.35275, "activity_lines": [ 29.513333, 30.580909, 33.007619, 34.558602 ] }, { "date": "2025-12-26", "close": 28.4, "volume": 629820, "typical_volume": 1183092.7, "trend": 36.09, "fair_value": 65.185898, "relative_strength": -44.89613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.298697, "energy": 72.125401, "activity_lines": [ 29.046667, 29.954545, 32.403333, 34.037312 ] }, { "date": "2026-01-02", "close": 27.4, "volume": 1333279, "typical_volume": 1145091.0, "trend": 35.663333, "fair_value": 64.480128, "relative_strength": -47.54498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.529669, "energy": 69.521285, "activity_lines": [ 28.266667, 29.286364, 31.750714, 33.476667 ] }, { "date": "2026-01-09", "close": 29.0, "volume": 2022855, "typical_volume": 1206815.8, "trend": 35.295, "fair_value": 63.803846, "relative_strength": -45.455518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.066333, "energy": 55.257886, "activity_lines": [ 28.333333, 29.052727, 31.295714, 33.046774 ] }, { "date": "2026-01-16", "close": 28.0, "volume": 3646659, "typical_volume": 1301853.4, "trend": 34.888333, "fair_value": 63.140385, "relative_strength": -48.473372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.247395, "energy": 51.106728, "activity_lines": [ 28.206667, 28.741818, 30.783095, 32.576129 ] }, { "date": "2026-01-23", "close": 28.1, "volume": 1897760, "typical_volume": 1353452.1, "trend": 34.486667, "fair_value": 62.551282, "relative_strength": -48.449838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.138515, "energy": 47.971428, "activity_lines": [ 28.18, 28.543636, 30.325952, 32.138172 ] }, { "date": "2026-01-30", "close": 27.9, "volume": 1592185, "typical_volume": 1358322.5, "trend": 34.083333, "fair_value": 61.960898, "relative_strength": -48.227326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.039121, "energy": 43.558021, "activity_lines": [ 28.086667, 28.345455, 29.901905, 31.713226 ] }, { "date": "2026-02-06", "close": 26.9, "volume": 1145886, "typical_volume": 1354308.9, "trend": 33.62, "fair_value": 61.245513, "relative_strength": -48.522284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.51701, "energy": 48.353516, "activity_lines": [ 27.693333, 27.98, 29.433809, 31.249785 ] }, { "date": "2026-02-13", "close": 26.1, "volume": 831510, "typical_volume": 1332723.95, "trend": 33.168333, "fair_value": 60.582692, "relative_strength": -51.707967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.805458, "energy": 52.676311, "activity_lines": [ 27.066667, 27.563636, 28.942143, 30.764624 ] }, { "date": "2026-02-27", "close": 25.65, "volume": 1401957, "typical_volume": 1375735.25, "trend": 32.711667, "fair_value": 59.916987, "relative_strength": -53.976314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.165009, "energy": 62.380783, "activity_lines": [ 26.483333, 27.156364, 28.461667, 30.27957 ] }, { "date": "2026-03-06", "close": 24.950001, "volume": 2490949, "typical_volume": 1454358.45, "trend": 32.243333, "fair_value": 59.24359, "relative_strength": -51.672029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.212953, "energy": 74.135912, "activity_lines": [ 25.823334, 26.682727, 27.969048, 29.778817 ] }, { "date": "2026-03-13", "close": 24.799999, "volume": 2817700, "typical_volume": 1543281.6, "trend": 31.795, "fair_value": 58.591667, "relative_strength": -50.531439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.588147, "energy": 64.852291, "activity_lines": [ 25.323333, 26.239091, 27.517381, 29.298602 ] }, { "date": "2026-03-20", "close": 25.200001, "volume": 1613106, "typical_volume": 1594147.65, "trend": 31.405, "fair_value": 57.977564, "relative_strength": -48.808286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.372877, "energy": 50.862759, "activity_lines": [ 25.163334, 25.933637, 27.157619, 28.873118 ] }, { "date": "2026-03-27", "close": 26.5, "volume": 1576614, "typical_volume": 1617131.2, "trend": 31.058333, "fair_value": 57.391026, "relative_strength": -44.265101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.993245, "energy": 43.010827, "activity_lines": [ 25.55, 25.904546, 26.969762, 28.556667 ] }, { "date": "2026-04-03", "close": 26.9, "volume": 911456, "typical_volume": 1565634.9, "trend": 30.7, "fair_value": 56.778205, "relative_strength": -41.248697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.270048, "energy": 30.088547, "activity_lines": [ 26.043333, 25.993636, 26.859286, 28.288387 ] }, { "date": "2026-04-10", "close": 27.1, "volume": 1586097, "typical_volume": 1564748.1, "trend": 30.301667, "fair_value": 56.166667, "relative_strength": -44.274613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.651042, "energy": 21.953359, "activity_lines": [ 26.52, 26.139091, 26.797857, 28.056129 ] }, { "date": "2026-04-17", "close": 54.200001, "volume": 13980772, "typical_volume": 2193328.5, "trend": 30.82, "fair_value": 55.754487, "relative_strength": 8.417764, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.620053, "energy": 47.537482, "activity_lines": [ 35.886667, 31.23, 29.331667, 29.597957 ] }, { "date": "2026-04-24", "close": 44.349998, "volume": 4844852, "typical_volume": 2367277.2, "trend": 31.033333, "fair_value": 55.285577, "relative_strength": -14.676824, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.137558, "energy": 66.336441, "activity_lines": [ 40.01, 34.051818, 30.805952, 30.47086 ] }, { "date": "2026-05-01", "close": 50.5, "volume": 2209513, "typical_volume": 2422335.05, "trend": 31.468333, "fair_value": 54.910577, "relative_strength": -1.653174, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 80.909483, "energy": 87.404813, "activity_lines": [ 44.906666, 37.674545, 32.807619, 31.726774 ] }, { "date": "2026-05-08", "close": 54.299999, "volume": 4618997, "typical_volume": 2605368.9, "trend": 32.041666, "fair_value": 54.595192, "relative_strength": 0.048501, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.64002, "energy": 89.53584, "activity_lines": [ 49.469999, 41.544545, 35.078809, 33.199785 ] }, { "date": "2026-05-15", "close": 65.0, "volume": 9111979, "typical_volume": 3013197.3, "trend": 32.99, "fair_value": 54.538782, "relative_strength": 21.807001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.863131, "energy": 91.759977, "activity_lines": [ 55.773333, 46.839091, 38.248571, 35.326129 ] }, { "date": "2026-05-22", "close": 69.800003, "volume": 3587849, "typical_volume": 3161098.75, "trend": 34.113333, "fair_value": 54.497115, "relative_strength": 27.93973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.777947, "energy": 92.651312, "activity_lines": [ 61.150001, 52.278182, 41.699762, 37.700968 ] }, { "date": "2026-05-29", "close": 67.400002, "volume": 3793309, "typical_volume": 3284100.25, "trend": 35.183333, "fair_value": 54.3875, "relative_strength": 17.377263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.93383, "energy": 85.241737, "activity_lines": [ 64.686668, 56.462728, 44.725238, 39.848495 ] }, { "date": "2026-06-05", "close": 66.0, "volume": 2400163, "typical_volume": 3302965.65, "trend": 36.225, "fair_value": 54.236218, "relative_strength": 14.789316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.308754, "energy": 75.631635, "activity_lines": [ 66.220001, 59.625455, 47.426905, 41.836667 ] }, { "date": "2026-06-12", "close": 66.800003, "volume": 3256403, "typical_volume": 3283452.85, "trend": 37.345, "fair_value": 54.104167, "relative_strength": 19.170174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.098873, "energy": 62.320675, "activity_lines": [ 66.986668, 62.215456, 50.028572, 43.809248 ] }, { "date": "2026-06-19", "close": 94.0, "volume": 8455134, "typical_volume": 3611321.55, "trend": 39.475, "fair_value": 54.182372, "relative_strength": 58.905376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.107644, "energy": 71.419636, "activity_lines": [ 75.986668, 69.025455, 55.035953, 47.464409 ] }, { "date": "2026-06-26", "close": 126.0, "volume": 16041767, "typical_volume": 4333800.65, "trend": 42.718333, "fair_value": 54.477244, "relative_strength": 118.73385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.157875, "energy": 77.45546, "activity_lines": [ 93.720001, 80.437274, 62.777143, 53.046667 ] }, { "date": "2026-07-03", "close": 128.0, "volume": 7808046, "typical_volume": 4666908.65, "trend": 45.915, "fair_value": 54.7375, "relative_strength": 108.738087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.314113, "energy": 88.824726, "activity_lines": [ 108.373334, 90.907273, 70.241667, 58.54871 ] }, { "date": "2026-07-10", "close": 122.5, "volume": 6901714, "typical_volume": 4970418.85, "trend": 48.961667, "fair_value": 54.967628, "relative_strength": 103.285511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.037982, "energy": 86.875388, "activity_lines": [ 117.153334, 98.856364, 76.700953, 63.489678 ] }, { "date": "2026-07-17", "close": 125.0, "volume": 9083231, "typical_volume": 5354482.55, "trend": 52.161667, "fair_value": 55.227885, "relative_strength": 116.911778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.47825, "energy": 85.671682, "activity_lines": [ 123.0, 105.95091, 82.939286, 68.395377 ] }, { "date": "2026-07-24", "close": 117.0, "volume": 4428794, "typical_volume": 5451374.8, "trend": 55.125, "fair_value": 55.465064, "relative_strength": 95.711486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.400502, "energy": 71.000854, "activity_lines": [ 122.3, 110.305455, 87.942619, 72.578495 ] }, { "date": "2026-07-31", "close": 110.5, "volume": 5467752, "typical_volume": 5583877.4, "trend": 57.861667, "fair_value": 55.652244, "relative_strength": 84.852032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.8679, "energy": 58.718355, "activity_lines": [ 117.9, 112.532727, 91.888572, 76.151076 ] }, { "date": "2026-08-07", "close": 120.5, "volume": 2697034, "typical_volume": 5638073.8, "trend": 60.965, "fair_value": 55.929167, "relative_strength": 93.689678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.144567, "energy": 54.346803, "activity_lines": [ 117.866667, 115.838182, 96.37881, 80.192258 ] }, { "date": "2026-08-14", "close": 113.5, "volume": 2616291, "typical_volume": 5690057.65, "trend": 63.781667, "fair_value": 56.190064, "relative_strength": 74.019532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.579592, "energy": 43.608444, "activity_lines": [ 116.0, 116.905455, 99.748572, 83.581613 ] } ], "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." } } }