{ "ticker": { "uuid": "ccc5ee9e-4c83-443f-9978-b78fc2eef9a6", "symbol": "TCAP", "name": "Thanachart Capital Public Company Limited", "exchange": "SET", "country": "TH", "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": "^SET.BK", "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": 98.423, "architecture_energy": 89.818, "architecture_maturity": 44.0, "architecture_confidence": 68.366, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.17, "rotation_up": 91.27, "upward_expansion": 95.31, "deceleration": 43.3, "rotation_down": 8.15, "downward_expansion": 17.31 }, "activity_lines": [ 79.2, 74.440909, 68.206597, 64.756563 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 87.5, "trend_reference": 61.072615, "distance_from_trend": 0.432721, "trend_direction": "Improving", "fair_value": 47.734002, "distance_from_fair_value": 0.833075, "fair_value_direction": "Improving", "relative_strength": 34.249676, "relative_strength_direction": "Improving", "price_momentum": 0.60264, "excess_performance": 0.410315, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.432721, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.101079, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.833075, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.580107, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.342497, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.375966, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.60264, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 10.096346, "read": "Demand-led" } ], "volume": { "latest": 48458600, "relative_activity": 3.915603, "balance": 10.096346, "dry_up": 2.597683, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.042637, "annualized_volatility": 0.266603, "from_high_reference": -0.011299, "from_low_reference": 0.875716 }, "levels": { "trend_reference": 61.072615, "fair_value_reference": 47.734002, "structural_low": 51.711208, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.015624, "positive_rate": 0.736842, "directional_follow_through": 0.736842, "median_excess_return": 0.01303, "regime_survival": 0.815789, "best_return": 0.130435, "worst_return": -0.067308, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.074534, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": 0.028322, "regime_survival": 0.538462, "best_return": 0.132451, "worst_return": -0.081218, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.12095, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.177723, "regime_survival": 0.428571, "best_return": 0.257353, "worst_return": -0.066819, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.228184, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.225262, "regime_survival": 0.0, "best_return": 0.307849, "worst_return": 0.050647, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-24", "end": "2024-06-21", "tenure": "Developing", "return": -0.071429, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": 0.016575, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2024-08-23", "tenure": "Developing", "return": 0.087432, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-30", "end": "2024-09-13", "tenure": "New", "return": 0.039247, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2024-11-15", "tenure": "Developing", "return": -0.043902, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-01-31", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.020202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": 0.051546, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-06-27", "tenure": "Established", "return": -0.049089, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": 0.037838, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.020725, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-03-20", "tenure": "Extended", "return": 0.122058, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-05-15", "tenure": "Developing", "return": 0.085216, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.464435, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 41.340168, "volume": 8357200, "typical_volume": 12770365.0, "trend": 37.906118, "fair_value": 28.966936, "relative_strength": 21.814403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.725057, "energy": 45.656025, "activity_lines": [ 41.545841, 41.168153, 40.701884, 39.552323 ] }, { "date": "2023-08-25", "close": 41.545845, "volume": 8094200, "typical_volume": 11934075.0, "trend": 38.161031, "fair_value": 29.094026, "relative_strength": 18.40068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.069354, "energy": 44.272145, "activity_lines": [ 41.586977, 41.280338, 40.877391, 39.787144 ] }, { "date": "2023-09-01", "close": 41.545845, "volume": 5648000, "typical_volume": 11511730.0, "trend": 38.409376, "fair_value": 29.223274, "relative_strength": 17.544557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.171026, "energy": 42.719179, "activity_lines": [ 41.586978, 41.373826, 41.027744, 40.005519 ] }, { "date": "2023-09-08", "close": 40.928825, "volume": 8004100, "typical_volume": 10815575.0, "trend": 38.650291, "fair_value": 29.350726, "relative_strength": 16.096142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.526631, "energy": 32.975137, "activity_lines": [ 41.367594, 41.336431, 41.090425, 40.168064 ] }, { "date": "2023-09-15", "close": 41.134495, "volume": 10954100, "typical_volume": 10859415.0, "trend": 38.898062, "fair_value": 29.479497, "relative_strength": 16.290198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.078824, "energy": 26.114696, "activity_lines": [ 41.230478, 41.33643, 41.148209, 40.328336 ] }, { "date": "2023-09-22", "close": 40.723152, "volume": 5977600, "typical_volume": 10720355.0, "trend": 39.138691, "fair_value": 29.613185, "relative_strength": 15.807675, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.482634, "energy": 18.572671, "activity_lines": [ 41.038517, 41.239203, 41.140374, 40.446083 ] }, { "date": "2023-09-29", "close": 41.134495, "volume": 8098100, "typical_volume": 10350950.0, "trend": 39.379893, "fair_value": 29.752749, "relative_strength": 20.111655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.347945, "energy": 15.09105, "activity_lines": [ 41.024804, 41.209287, 41.154085, 40.574845 ] }, { "date": "2023-10-06", "close": 41.545845, "volume": 7438100, "typical_volume": 9833745.0, "trend": 39.608529, "fair_value": 29.893869, "relative_strength": 23.112025, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.440266, "energy": 19.285824, "activity_lines": [ 41.175632, 41.250422, 41.191302, 40.714584 ] }, { "date": "2023-10-13", "close": 41.92004, "volume": 13190800, "typical_volume": 9587605.0, "trend": 39.849637, "fair_value": 30.038468, "relative_strength": 22.195867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.533552, "energy": 28.374351, "activity_lines": [ 41.451191, 41.355853, 41.26024, 40.863713 ] }, { "date": "2023-10-20", "close": 40.656116, "volume": 11207500, "typical_volume": 9331655.0, "trend": 40.042046, "fair_value": 30.179282, "relative_strength": 21.936318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.811631, "energy": 19.331944, "activity_lines": [ 41.239361, 41.217197, 41.206042, 40.915744 ] }, { "date": "2023-10-27", "close": 40.866768, "volume": 14605600, "typical_volume": 9391020.0, "trend": 40.202059, "fair_value": 30.322526, "relative_strength": 22.555846, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.292788, "energy": 10.525164, "activity_lines": [ 41.129641, 41.147976, 41.178102, 40.968952 ] }, { "date": "2023-11-03", "close": 41.498734, "volume": 11510500, "typical_volume": 9127710.0, "trend": 40.376569, "fair_value": 30.465503, "relative_strength": 20.747714, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.556662, "energy": 15.713219, "activity_lines": [ 41.221001, 41.202265, 41.219459, 41.052609 ] }, { "date": "2023-11-10", "close": 40.866768, "volume": 6407400, "typical_volume": 9058750.0, "trend": 40.55629, "fair_value": 30.593637, "relative_strength": 20.566262, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.255917, "energy": 7.726592, "activity_lines": [ 41.077423, 41.142508, 41.195956, 41.084234 ] }, { "date": "2023-11-17", "close": 40.866768, "volume": 4844900, "typical_volume": 8692670.0, "trend": 40.725616, "fair_value": 30.709898, "relative_strength": 17.511462, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.886951, "energy": 6.649436, "activity_lines": [ 40.979118, 41.095098, 41.17079, 41.104265 ] }, { "date": "2023-11-24", "close": 40.656116, "volume": 3732300, "typical_volume": 8463430.0, "trend": 40.894775, "fair_value": 30.818333, "relative_strength": 17.642724, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.216518, "energy": 10.110059, "activity_lines": [ 40.880813, 41.010516, 41.125857, 41.099781 ] }, { "date": "2023-12-01", "close": 40.656116, "volume": 7485800, "typical_volume": 8394280.0, "trend": 41.015944, "fair_value": 30.928926, "relative_strength": 18.25901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.655298, "energy": 20.444412, "activity_lines": [ 40.782508, 40.934632, 41.077327, 41.084384 ] }, { "date": "2023-12-08", "close": 40.866768, "volume": 4282800, "typical_volume": 8129640.0, "trend": 41.116711, "fair_value": 31.034395, "relative_strength": 17.997751, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.737437, "energy": 30.084502, "activity_lines": [ 40.768464, 40.898266, 41.047218, 41.07476 ] }, { "date": "2023-12-15", "close": 40.656116, "volume": 9362500, "typical_volume": 8201495.0, "trend": 41.114477, "fair_value": 31.138512, "relative_strength": 15.795366, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.230261, "energy": 29.882736, "activity_lines": [ 40.726333, 40.828469, 40.997343, 41.045044 ] }, { "date": "2023-12-22", "close": 41.077431, "volume": 4700700, "typical_volume": 8100240.0, "trend": 41.105719, "fair_value": 31.249648, "relative_strength": 15.098699, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.297221, "energy": 19.461454, "activity_lines": [ 40.838685, 40.85145, 40.990851, 41.042654 ] }, { "date": "2023-12-29", "close": 41.709385, "volume": 5287900, "typical_volume": 7959505.0, "trend": 41.097459, "fair_value": 31.368073, "relative_strength": 15.163358, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.990209, "energy": 4.958513, "activity_lines": [ 41.147643, 41.004653, 41.044816, 41.0816 ] }, { "date": "2024-01-05", "close": 41.92004, "volume": 2967600, "typical_volume": 7690025.0, "trend": 41.068797, "fair_value": 31.483531, "relative_strength": 14.00324, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.27084, "energy": 28.260189, "activity_lines": [ 41.456602, 41.177006, 41.121983, 41.13467 ] }, { "date": "2024-01-12", "close": 41.498734, "volume": 3919200, "typical_volume": 7481275.0, "trend": 41.101506, "fair_value": 31.599526, "relative_strength": 13.261031, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.571838, "energy": 30.751992, "activity_lines": [ 41.540864, 41.253608, 41.156264, 41.162408 ] }, { "date": "2024-01-19", "close": 42.762653, "volume": 11361700, "typical_volume": 7766960.0, "trend": 41.176345, "fair_value": 31.725781, "relative_strength": 18.377452, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.158532, "energy": 61.411533, "activity_lines": [ 42.004301, 41.560013, 41.311143, 41.269579 ] }, { "date": "2024-01-26", "close": 42.551998, "volume": 19748700, "typical_volume": 8354190.0, "trend": 41.230451, "fair_value": 31.859321, "relative_strength": 18.079941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.941342, "energy": 64.633485, "activity_lines": [ 42.257085, 41.793647, 41.440165, 41.35833 ] }, { "date": "2024-02-02", "close": 42.551998, "volume": 9042200, "typical_volume": 8258595.0, "trend": 41.318835, "fair_value": 31.988543, "relative_strength": 15.828774, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.31828, "energy": 63.479345, "activity_lines": [ 42.411563, 41.99664, 41.561457, 41.443592 ] }, { "date": "2024-02-09", "close": 42.341347, "volume": 7564900, "typical_volume": 8337960.0, "trend": 41.386486, "fair_value": 32.114257, "relative_strength": 14.052165, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.906019, "energy": 60.951274, "activity_lines": [ 42.439651, 42.126863, 41.655938, 41.50956 ] }, { "date": "2024-02-16", "close": 41.92004, "volume": 6243800, "typical_volume": 8245245.0, "trend": 41.419527, "fair_value": 32.239428, "relative_strength": 12.294089, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.981748, "energy": 37.670015, "activity_lines": [ 42.299215, 42.149843, 41.702588, 41.543983 ] }, { "date": "2024-02-23", "close": 41.92004, "volume": 14994700, "typical_volume": 8623075.0, "trend": 41.438856, "fair_value": 32.367838, "relative_strength": 10.592139, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.003299, "energy": 24.548133, "activity_lines": [ 42.130693, 42.153673, 41.745497, 41.576274 ] }, { "date": "2024-03-01", "close": 41.709385, "volume": 9054500, "typical_volume": 8416260.0, "trend": 41.458019, "fair_value": 32.484104, "relative_strength": 11.762721, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.345261, "energy": 16.771827, "activity_lines": [ 41.948126, 42.096222, 41.766563, 41.593728 ] }, { "date": "2024-03-08", "close": 41.92004, "volume": 18466700, "typical_volume": 8779220.0, "trend": 41.443069, "fair_value": 32.599562, "relative_strength": 10.124187, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.564499, "energy": 17.296945, "activity_lines": [ 41.891952, 42.065582, 41.808694, 41.623535 ] }, { "date": "2024-03-15", "close": 42.130692, "volume": 9713200, "typical_volume": 8534600.0, "trend": 41.46942, "fair_value": 32.713132, "relative_strength": 10.074673, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.751883, "energy": 16.653731, "activity_lines": [ 41.948126, 42.069412, 41.864868, 41.667898 ] }, { "date": "2024-03-22", "close": 43.394619, "volume": 6832500, "typical_volume": 8300700.0, "trend": 41.531046, "fair_value": 32.832646, "relative_strength": 13.038956, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.434627, "energy": 40.123114, "activity_lines": [ 42.439653, 42.299216, 42.035397, 41.792105 ] }, { "date": "2024-03-29", "close": 43.18396, "volume": 3103400, "typical_volume": 8135500.0, "trend": 41.585649, "fair_value": 32.947571, "relative_strength": 12.051312, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.415826, "energy": 55.565901, "activity_lines": [ 42.762654, 42.456249, 42.176836, 41.898744 ] }, { "date": "2024-04-05", "close": 42.341347, "volume": 5725700, "typical_volume": 8179540.0, "trend": 41.632734, "fair_value": 33.060333, "relative_strength": 9.467364, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.77511, "energy": 49.675476, "activity_lines": [ 42.720524, 42.452419, 42.226992, 41.947499 ] }, { "date": "2024-04-12", "close": 42.762653, "volume": 4650900, "typical_volume": 8225470.0, "trend": 41.687005, "fair_value": 33.180113, "relative_strength": 8.291356, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.954642, "energy": 50.022009, "activity_lines": [ 42.776698, 42.52902, 42.31025, 42.020397 ] }, { "date": "2024-04-19", "close": 44.096424, "volume": 6412300, "typical_volume": 8171795.0, "trend": 41.799448, "fair_value": 33.300887, "relative_strength": 16.25771, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.773883, "energy": 60.962367, "activity_lines": [ 43.221287, 42.844295, 42.510503, 42.175843 ] }, { "date": "2024-04-26", "close": 43.218891, "volume": 7016600, "typical_volume": 8308485.0, "trend": 41.868928, "fair_value": 33.416889, "relative_strength": 10.971995, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.033384, "energy": 42.195313, "activity_lines": [ 43.242318, 42.968108, 42.610799, 42.26742 ] }, { "date": "2024-05-03", "close": 42.9995, "volume": 1682300, "typical_volume": 7924475.0, "trend": 41.917383, "fair_value": 33.537155, "relative_strength": 9.073765, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.881225, "energy": 43.938751, "activity_lines": [ 43.201933, 43.028416, 42.679, 42.34036 ] }, { "date": "2024-05-10", "close": 42.9995, "volume": 2252200, "typical_volume": 7802050.0, "trend": 41.953365, "fair_value": 33.663092, "relative_strength": 8.401638, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.229061, "energy": 41.451132, "activity_lines": [ 43.173845, 43.069098, 42.736042, 42.410174 ] }, { "date": "2024-05-17", "close": 43.218891, "volume": 2019700, "typical_volume": 7638640.0, "trend": 42.038791, "fair_value": 33.787032, "relative_strength": 7.791574, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.54562, "energy": 31.316659, "activity_lines": [ 43.175011, 43.126212, 42.804826, 42.491821 ] }, { "date": "2024-05-24", "close": 42.9995, "volume": 1018800, "typical_volume": 7541200.0, "trend": 42.109882, "fair_value": 33.907298, "relative_strength": 8.350902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.232408, "energy": 23.893998, "activity_lines": [ 43.07263, 43.119821, 42.845527, 42.553802 ] }, { "date": "2024-05-31", "close": 42.9995, "volume": 3586100, "typical_volume": 7524545.0, "trend": 42.159907, "fair_value": 34.02643, "relative_strength": 9.536529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.249968, "energy": 20.998771, "activity_lines": [ 43.043378, 43.097634, 42.881088, 42.611197 ] }, { "date": "2024-06-07", "close": 41.463806, "volume": 10132100, "typical_volume": 7463065.0, "trend": 42.179809, "fair_value": 34.13345, "relative_strength": 6.395808, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.212814, "energy": 9.31489, "activity_lines": [ 42.516854, 42.803414, 42.763246, 42.566287 ] }, { "date": "2024-06-14", "close": 41.902573, "volume": 12850000, "typical_volume": 7118130.0, "trend": 42.214335, "fair_value": 34.243282, "relative_strength": 9.238754, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.910782, "energy": 14.340408, "activity_lines": [ 42.238965, 42.620246, 42.693376, 42.548401 ] }, { "date": "2024-06-21", "close": 39.928108, "volume": 9012300, "typical_volume": 7116635.0, "trend": 42.190069, "fair_value": 34.343859, "relative_strength": 3.854992, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.24493, "energy": 53.569662, "activity_lines": [ 41.37605, 42.086061, 42.438554, 42.400903 ] }, { "date": "2024-06-28", "close": 39.708725, "volume": 4303400, "typical_volume": 6953560.0, "trend": 42.158489, "fair_value": 34.441897, "relative_strength": 3.494344, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.558303, "energy": 73.855081, "activity_lines": [ 40.659393, 41.563526, 42.175334, 42.240816 ] }, { "date": "2024-07-05", "close": 40.366879, "volume": 4965900, "typical_volume": 6889665.0, "trend": 42.141826, "fair_value": 34.549823, "relative_strength": 4.053943, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.354853, "energy": 79.76098, "activity_lines": [ 40.381505, 41.240431, 41.987331, 42.125228 ] }, { "date": "2024-07-12", "close": 40.147491, "volume": 1626900, "typical_volume": 6221275.0, "trend": 42.124872, "fair_value": 34.655209, "relative_strength": 1.693756, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.314106, "energy": 82.172729, "activity_lines": [ 40.205996, 40.929302, 41.78583, 41.996562 ] }, { "date": "2024-07-19", "close": 40.366879, "volume": 3275700, "typical_volume": 5932335.0, "trend": 42.101187, "fair_value": 34.763136, "relative_strength": 3.146249, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.040636, "energy": 78.864052, "activity_lines": [ 40.19137, 40.709917, 41.613663, 41.883143 ] }, { "date": "2024-07-26", "close": 39.708725, "volume": 5668200, "typical_volume": 5292410.0, "trend": 42.034498, "fair_value": 34.870246, "relative_strength": 1.998331, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.553732, "energy": 64.978305, "activity_lines": [ 40.05974, 40.418733, 41.385209, 41.72879 ] }, { "date": "2024-08-02", "close": 40.366879, "volume": 2979500, "typical_volume": 4955725.0, "trend": 41.982726, "fair_value": 34.980441, "relative_strength": 2.968399, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.441922, "energy": 46.784114, "activity_lines": [ 40.16212, 40.311035, 41.229966, 41.621202 ] }, { "date": "2024-08-09", "close": 41.463806, "volume": 6468700, "typical_volume": 4937535.0, "trend": 41.981562, "fair_value": 35.095399, "relative_strength": 6.771515, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.628822, "energy": 29.019219, "activity_lines": [ 40.586265, 40.450644, 41.187591, 41.587723 ] }, { "date": "2024-08-16", "close": 42.12196, "volume": 5445200, "typical_volume": 5054625.0, "trend": 41.960205, "fair_value": 35.208906, "relative_strength": 7.619175, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.286872, "energy": 15.631377, "activity_lines": [ 41.156666, 40.737839, 41.217091, 41.596781 ] }, { "date": "2024-08-23", "close": 43.657658, "volume": 4104000, "typical_volume": 4973540.0, "trend": 41.997061, "fair_value": 35.32772, "relative_strength": 6.889655, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 21.093133, "energy": 25.498529, "activity_lines": [ 42.107335, 41.292286, 41.397906, 41.706294 ] }, { "date": "2024-08-30", "close": 44.315815, "volume": 4487400, "typical_volume": 4965365.0, "trend": 42.055854, "fair_value": 35.446217, "relative_strength": 7.75324, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.07554, "energy": 40.339932, "activity_lines": [ 43.058005, 41.934487, 41.635135, 41.855891 ] }, { "date": "2024-09-06", "close": 46.070896, "volume": 5579700, "typical_volume": 4923735.0, "trend": 42.180173, "fair_value": 35.577099, "relative_strength": 6.24756, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.664069, "energy": 71.532547, "activity_lines": [ 44.286563, 42.816017, 42.032118, 42.114926 ] }, { "date": "2024-09-13", "close": 46.055073, "volume": 18792200, "typical_volume": 5512515.0, "trend": 42.318007, "fair_value": 35.712805, "relative_strength": 6.073439, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.030909, "energy": 88.172815, "activity_lines": [ 45.129578, 43.578994, 42.418191, 42.36492 ] }, { "date": "2024-09-20", "close": 46.055073, "volume": 0, "typical_volume": 5428400.0, "trend": 42.455842, "fair_value": 35.847339, "relative_strength": 3.752742, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.336166, "energy": 90.862757, "activity_lines": [ 45.666509, 44.238549, 42.790759, 42.606021 ] }, { "date": "2024-09-27", "close": 45.830414, "volume": 4072600, "typical_volume": 5519420.0, "trend": 42.593209, "fair_value": 35.981605, "relative_strength": 3.119653, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.872169, "energy": 87.560988, "activity_lines": [ 45.866346, 44.749847, 43.127381, 42.823735 ] }, { "date": "2024-10-04", "close": 45.605755, "volume": 4342100, "typical_volume": 5635540.0, "trend": 42.716066, "fair_value": 36.110913, "relative_strength": 2.859415, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.81883, "energy": 83.082972, "activity_lines": [ 45.846446, 45.12096, 43.429126, 43.018093 ] }, { "date": "2024-10-11", "close": 46.279736, "volume": 4352200, "typical_volume": 5802210.0, "trend": 42.854368, "fair_value": 36.241022, "relative_strength": 2.378328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.556273, "energy": 71.984748, "activity_lines": [ 45.965211, 45.507397, 43.783694, 43.248007 ] }, { "date": "2024-10-18", "close": 46.953709, "volume": 3436700, "typical_volume": 5794740.0, "trend": 42.973004, "fair_value": 36.375451, "relative_strength": 2.33678, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.537582, "energy": 64.011731, "activity_lines": [ 46.29471, 45.908868, 44.186829, 43.512481 ] }, { "date": "2024-10-25", "close": 46.72905, "volume": 1953400, "typical_volume": 5385805.0, "trend": 43.091174, "fair_value": 36.509613, "relative_strength": 3.523257, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.071773, "energy": 63.101968, "activity_lines": [ 46.489415, 46.169676, 44.549739, 43.754806 ] }, { "date": "2024-11-01", "close": 47.627682, "volume": 6203600, "typical_volume": 5053485.0, "trend": 43.267385, "fair_value": 36.649536, "relative_strength": 5.243539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.286196, "energy": 76.401216, "activity_lines": [ 46.938731, 46.510106, 44.97316, 44.047484 ] }, { "date": "2024-11-08", "close": 46.504391, "volume": 5810000, "typical_volume": 4893370.0, "trend": 43.39211, "fair_value": 36.777566, "relative_strength": 2.575526, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.226318, "energy": 76.564511, "activity_lines": [ 46.893799, 46.574119, 45.262338, 44.256323 ] }, { "date": "2024-11-15", "close": 44.033142, "volume": 11599200, "typical_volume": 5258160.0, "trend": 43.39, "fair_value": 36.883891, "relative_strength": -1.491621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.045604, "energy": 39.028071, "activity_lines": [ 45.965209, 46.149021, 45.284844, 44.29768 ] }, { "date": "2024-11-22", "close": 44.707119, "volume": 6570300, "typical_volume": 5338380.0, "trend": 43.439608, "fair_value": 36.999227, "relative_strength": -0.350066, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.386053, "energy": 25.069095, "activity_lines": [ 45.41105, 45.883515, 45.350946, 44.382656 ] }, { "date": "2024-11-29", "close": 44.033142, "volume": 7030000, "typical_volume": 5608535.0, "trend": 43.474063, "fair_value": 37.112589, "relative_strength": -0.648204, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.079322, "energy": 27.119721, "activity_lines": [ 44.782005, 45.519976, 45.332192, 44.420948 ] }, { "date": "2024-12-06", "close": 44.931778, "volume": 6128100, "typical_volume": 5751155.0, "trend": 43.538472, "fair_value": 37.225847, "relative_strength": -0.409152, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.530306, "energy": 25.99893, "activity_lines": [ 44.632233, 45.356588, 45.380519, 44.514994 ] }, { "date": "2024-12-13", "close": 44.931778, "volume": 6982400, "typical_volume": 5816865.0, "trend": 43.595568, "fair_value": 37.336759, "relative_strength": 0.867627, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.090186, "energy": 19.913334, "activity_lines": [ 44.662187, 45.209538, 45.407108, 44.604885 ] }, { "date": "2024-12-20", "close": 44.033142, "volume": 8150300, "typical_volume": 6075405.0, "trend": 43.630023, "fair_value": 37.444256, "relative_strength": 3.479757, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.694259, "energy": 15.880578, "activity_lines": [ 44.497437, 44.911354, 45.323241, 44.633116 ] }, { "date": "2024-12-27", "close": 45.156437, "volume": 5000100, "typical_volume": 6001975.0, "trend": 43.701921, "fair_value": 37.556609, "relative_strength": 3.188239, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.945466, "energy": 10.257466, "activity_lines": [ 44.707119, 44.858253, 45.328897, 44.731594 ] }, { "date": "2025-01-03", "close": 44.257801, "volume": 3623700, "typical_volume": 5910900.0, "trend": 43.795054, "fair_value": 37.658508, "relative_strength": 2.190519, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.949276, "energy": 8.231467, "activity_lines": [ 44.587301, 44.674441, 45.231384, 44.767457 ] }, { "date": "2025-01-10", "close": 44.707119, "volume": 4814600, "typical_volume": 5946430.0, "trend": 43.888539, "fair_value": 37.751559, "relative_strength": 4.280397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.764886, "energy": 10.274671, "activity_lines": [ 44.602278, 44.617255, 45.166492, 44.8263 ] }, { "date": "2025-01-17", "close": 44.707119, "volume": 2866500, "typical_volume": 5865385.0, "trend": 44.047839, "fair_value": 37.850475, "relative_strength": 6.251019, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.265473, "energy": 10.68612, "activity_lines": [ 44.632233, 44.613171, 45.096603, 44.879112 ] }, { "date": "2025-01-24", "close": 44.707119, "volume": 5095000, "typical_volume": 5841150.0, "trend": 44.214452, "fair_value": 37.947044, "relative_strength": 5.073127, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.421366, "energy": 11.18463, "activity_lines": [ 44.677164, 44.641764, 45.024851, 44.921646 ] }, { "date": "2025-01-31", "close": 44.707119, "volume": 7270800, "typical_volume": 5265080.0, "trend": 44.359127, "fair_value": 38.041268, "relative_strength": 8.020141, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.91987, "energy": 9.673857, "activity_lines": [ 44.677164, 44.658102, 44.959593, 44.953431 ] }, { "date": "2025-02-07", "close": 44.482464, "volume": 7632300, "typical_volume": 5646695.0, "trend": 44.503626, "fair_value": 38.12936, "relative_strength": 9.912433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.439188, "energy": 2.915586, "activity_lines": [ 44.632234, 44.633595, 44.879358, 44.961388 ] }, { "date": "2025-02-14", "close": 43.808487, "volume": 8106300, "typical_volume": 5848380.0, "trend": 44.618346, "fair_value": 38.214305, "relative_strength": 8.818837, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.346216, "energy": 24.607848, "activity_lines": [ 44.347667, 44.478377, 44.742423, 44.916541 ] }, { "date": "2025-02-21", "close": 45.830414, "volume": 11175600, "typical_volume": 6190055.0, "trend": 44.822403, "fair_value": 38.318075, "relative_strength": 15.728569, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.561363, "energy": 6.338078, "activity_lines": [ 44.796984, 44.711205, 44.807681, 44.994738 ] }, { "date": "2025-02-28", "close": 42.909847, "volume": 14010300, "typical_volume": 6672960.0, "trend": 44.907168, "fair_value": 38.391394, "relative_strength": 11.830249, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.105291, "energy": 44.054086, "activity_lines": [ 44.197893, 44.396682, 44.59372, 44.871348 ] }, { "date": "2025-03-07", "close": 43.583824, "volume": 6658600, "typical_volume": 6834055.0, "trend": 44.977835, "fair_value": 38.474899, "relative_strength": 13.33467, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.704932, "energy": 46.681357, "activity_lines": [ 43.943279, 44.225124, 44.459995, 44.785971 ] }, { "date": "2025-03-14", "close": 43.583824, "volume": 7036400, "typical_volume": 7088205.0, "trend": 45.026564, "fair_value": 38.553711, "relative_strength": 15.596328, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.380338, "energy": 41.063702, "activity_lines": [ 43.763551, 44.082159, 44.342316, 44.696034 ] }, { "date": "2025-03-21", "close": 45.830414, "volume": 15391600, "typical_volume": 7547605.0, "trend": 45.098989, "fair_value": 38.650444, "relative_strength": 19.722413, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.840198, "energy": 17.093412, "activity_lines": [ 44.392596, 44.359919, 44.453576, 44.747896 ] }, { "date": "2025-03-28", "close": 45.605755, "volume": 7162600, "typical_volume": 7615235.0, "trend": 45.141987, "fair_value": 38.739872, "relative_strength": 19.734256, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.60596, "energy": 6.248831, "activity_lines": [ 44.81196, 44.576409, 44.551998, 44.78059 ] }, { "date": "2025-04-04", "close": 44.931778, "volume": 9614700, "typical_volume": 7516010.0, "trend": 45.104017, "fair_value": 38.826152, "relative_strength": 22.566192, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.604505, "energy": 15.248439, "activity_lines": [ 45.021642, 44.654018, 44.590511, 44.767028 ] }, { "date": "2025-04-11", "close": 43.132603, "volume": 15705400, "typical_volume": 7972765.0, "trend": 45.006601, "fair_value": 38.904418, "relative_strength": 16.775401, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.956669, "energy": 21.889809, "activity_lines": [ 44.496803, 44.40042, 44.453394, 44.63984 ] }, { "date": "2025-04-18", "close": 44.539101, "volume": 7770800, "typical_volume": 8009805.0, "trend": 44.956069, "fair_value": 38.991559, "relative_strength": 17.860563, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.819792, "energy": 10.700573, "activity_lines": [ 44.470878, 44.431176, 44.457728, 44.609679 ] }, { "date": "2025-04-25", "close": 44.539101, "volume": 7072400, "typical_volume": 8057020.0, "trend": 44.913025, "fair_value": 39.079923, "relative_strength": 16.587912, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.438517, "energy": 14.584447, "activity_lines": [ 44.381269, 44.460903, 44.459652, 44.582778 ] }, { "date": "2025-05-02", "close": 44.539101, "volume": 5771400, "typical_volume": 7996470.0, "trend": 44.87747, "fair_value": 39.171962, "relative_strength": 12.322873, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.272801, "energy": 16.516947, "activity_lines": [ 44.377746, 44.477346, 44.463447, 44.558654 ] }, { "date": "2025-05-09", "close": 45.945599, "volume": 6483100, "typical_volume": 7913110.0, "trend": 44.866332, "fair_value": 39.280363, "relative_strength": 14.286966, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.250206, "energy": 12.525132, "activity_lines": [ 44.914167, 44.772994, 44.603063, 44.627565 ] }, { "date": "2025-05-16", "close": 46.414433, "volume": 6590300, "typical_volume": 7992620.0, "trend": 44.848356, "fair_value": 39.390545, "relative_strength": 16.408187, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.751998, "energy": 35.732047, "activity_lines": [ 45.539278, 45.098689, 44.778223, 44.727443 ] }, { "date": "2025-05-23", "close": 45.007935, "volume": 8805300, "typical_volume": 8251700.0, "trend": 44.790986, "fair_value": 39.486813, "relative_strength": 14.298455, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.064978, "energy": 31.389695, "activity_lines": [ 45.476767, 45.117191, 44.81344, 44.737738 ] }, { "date": "2025-05-30", "close": 44.304688, "volume": 11544700, "typical_volume": 8588205.0, "trend": 44.680219, "fair_value": 39.578573, "relative_strength": 14.738654, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.683243, "energy": 30.413549, "activity_lines": [ 45.148585, 44.981938, 44.77811, 44.706364 ] }, { "date": "2025-06-06", "close": 44.539101, "volume": 4478500, "typical_volume": 8668805.0, "trend": 44.614709, "fair_value": 39.674285, "relative_strength": 16.102896, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.526173, "energy": 12.630246, "activity_lines": [ 44.914168, 44.917046, 44.767021, 44.69726 ] }, { "date": "2025-06-13", "close": 44.304688, "volume": 8249400, "typical_volume": 8826525.0, "trend": 44.623761, "fair_value": 39.769718, "relative_strength": 16.414028, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.501376, "energy": 7.375695, "activity_lines": [ 44.601614, 44.828926, 44.734407, 44.677258 ] }, { "date": "2025-06-20", "close": 42.89819, "volume": 13776200, "typical_volume": 9151795.0, "trend": 44.563463, "fair_value": 39.858585, "relative_strength": 17.889313, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -28.696221, "energy": 25.892545, "activity_lines": [ 43.929621, 44.496482, 44.569757, 44.565931 ] }, { "date": "2025-06-27", "close": 43.36702, "volume": 11448700, "typical_volume": 9342615.0, "trend": 44.541259, "fair_value": 39.950456, "relative_strength": 16.919792, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.970563, "energy": 46.357972, "activity_lines": [ 43.648321, 44.253541, 44.458372, 44.488741 ] }, { "date": "2025-07-04", "close": 43.36702, "volume": 15007400, "typical_volume": 9687670.0, "trend": 44.489101, "fair_value": 40.048451, "relative_strength": 12.500537, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.261404, "energy": 53.070709, "activity_lines": [ 43.476415, 44.031911, 44.352298, 44.412984 ] }, { "date": "2025-07-11", "close": 43.83585, "volume": 6188000, "typical_volume": 9438290.0, "trend": 44.45257, "fair_value": 40.151899, "relative_strength": 13.030219, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.319906, "energy": 51.011667, "activity_lines": [ 43.523297, 43.916833, 44.292977, 44.370839 ] }, { "date": "2025-07-18", "close": 44.539101, "volume": 7393400, "typical_volume": 9107445.0, "trend": 44.469435, "fair_value": 40.254958, "relative_strength": 6.339891, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.418451, "energy": 24.956083, "activity_lines": [ 43.85148, 43.942406, 44.31013, 44.376422 ] }, { "date": "2025-07-25", "close": 45.007935, "volume": 10552900, "typical_volume": 9302160.0, "trend": 44.464485, "fair_value": 40.358573, "relative_strength": 6.137891, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.947552, "energy": 10.835946, "activity_lines": [ 44.320313, 44.078793, 44.364175, 44.411163 ] }, { "date": "2025-08-01", "close": 45.242348, "volume": 13439700, "typical_volume": 9622325.0, "trend": 44.497303, "fair_value": 40.460017, "relative_strength": 6.212578, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.521093, "energy": 12.951791, "activity_lines": [ 44.726634, 44.283374, 44.433764, 44.461348 ] }, { "date": "2025-08-08", "close": 46.180016, "volume": 10059200, "typical_volume": 9355705.0, "trend": 44.5464, "fair_value": 40.566247, "relative_strength": 4.634801, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.482288, "energy": 41.836624, "activity_lines": [ 45.320489, 44.654178, 44.584758, 44.56991 ] }, { "date": "2025-08-15", "close": 47.586514, "volume": 9445000, "typical_volume": 9469825.0, "trend": 44.64238, "fair_value": 40.675371, "relative_strength": 7.469899, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.331582, "energy": 74.147957, "activity_lines": [ 46.195643, 45.246612, 44.868038, 44.766047 ] }, { "date": "2025-08-22", "close": 47.117683, "volume": 7105700, "typical_volume": 9344375.0, "trend": 44.722732, "fair_value": 40.779041, "relative_strength": 6.609918, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.650293, "energy": 77.974621, "activity_lines": [ 46.664477, 45.698397, 45.097236, 44.925744 ] }, { "date": "2025-08-29", "close": 47.586514, "volume": 7139000, "typical_volume": 8916055.0, "trend": 44.818712, "fair_value": 40.885716, "relative_strength": 8.783244, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.751482, "energy": 82.299095, "activity_lines": [ 47.117682, 46.184278, 45.360675, 45.110504 ] }, { "date": "2025-09-05", "close": 47.586514, "volume": 7922000, "typical_volume": 8923615.0, "trend": 44.92218, "fair_value": 40.993616, "relative_strength": 6.050048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.902692, "energy": 81.007867, "activity_lines": [ 47.398981, 46.584917, 45.602905, 45.289072 ] }, { "date": "2025-09-12", "close": 48.103447, "volume": 19477000, "typical_volume": 9543845.0, "trend": 45.065345, "fair_value": 41.106053, "relative_strength": 4.538826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.788391, "energy": 80.787171, "activity_lines": [ 47.696314, 47.002825, 45.879856, 45.494315 ] }, { "date": "2025-09-19", "close": 48.584484, "volume": 10270600, "typical_volume": 9768805.0, "trend": 45.157148, "fair_value": 41.222799, "relative_strength": 5.324163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.789982, "energy": 80.739358, "activity_lines": [ 48.025764, 47.422079, 46.185646, 45.721356 ] }, { "date": "2025-09-26", "close": 48.584484, "volume": 7658800, "typical_volume": 9827590.0, "trend": 45.346302, "fair_value": 41.344442, "relative_strength": 6.110208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.907166, "energy": 80.757565, "activity_lines": [ 48.288683, 47.754993, 46.472173, 45.942474 ] }, { "date": "2025-10-03", "close": 48.343967, "volume": 5164600, "typical_volume": 9756305.0, "trend": 45.504974, "fair_value": 41.459646, "relative_strength": 4.047443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.140642, "energy": 74.87143, "activity_lines": [ 48.373642, 47.970624, 46.723227, 46.135872 ] }, { "date": "2025-10-10", "close": 48.343967, "volume": 3366600, "typical_volume": 9484370.0, "trend": 45.663645, "fair_value": 41.577513, "relative_strength": 4.243928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.196859, "energy": 67.213995, "activity_lines": [ 48.408105, 48.125601, 46.965093, 46.319033 ] }, { "date": "2025-10-17", "close": 49.546551, "volume": 10390200, "typical_volume": 9426645.0, "trend": 45.787516, "fair_value": 41.694245, "relative_strength": 7.4521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.991246, "energy": 70.625089, "activity_lines": [ 48.792932, 48.442836, 47.305605, 46.569543 ] }, { "date": "2025-10-24", "close": 50.268105, "volume": 11518400, "typical_volume": 9778640.0, "trend": 45.942928, "fair_value": 41.816866, "relative_strength": 5.401658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.902934, "energy": 77.116616, "activity_lines": [ 49.32207, 48.830052, 47.689875, 46.858613 ] }, { "date": "2025-10-31", "close": 49.065517, "volume": 7498000, "typical_volume": 9741070.0, "trend": 46.080719, "fair_value": 41.927988, "relative_strength": 2.957086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.021849, "energy": 60.814745, "activity_lines": [ 49.338104, 48.949861, 47.932332, 47.060071 ] }, { "date": "2025-11-07", "close": 49.065517, "volume": 7049500, "typical_volume": 9404735.0, "trend": 46.278483, "fair_value": 42.035319, "relative_strength": 3.155782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.348121, "energy": 57.877673, "activity_lines": [ 49.322069, 49.034254, 48.152118, 47.252638 ] }, { "date": "2025-11-14", "close": 49.306034, "volume": 8534800, "typical_volume": 9259040.0, "trend": 46.437381, "fair_value": 42.144193, "relative_strength": 5.945141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.180771, "energy": 54.546292, "activity_lines": [ 49.338103, 49.135486, 48.365442, 47.447964 ] }, { "date": "2025-11-21", "close": 52.673275, "volume": 24119100, "typical_volume": 9714625.0, "trend": 46.70852, "fair_value": 42.269598, "relative_strength": 13.859556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.34138, "energy": 66.404, "activity_lines": [ 50.412413, 49.81768, 48.871175, 47.85028 ] }, { "date": "2025-11-28", "close": 52.432758, "volume": 14952400, "typical_volume": 10152845.0, "trend": 46.971642, "fair_value": 42.392198, "relative_strength": 12.495049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.486995, "energy": 69.8199, "activity_lines": [ 51.198103, 50.373056, 49.309687, 48.219586 ] }, { "date": "2025-12-05", "close": 55.318966, "volume": 13877800, "typical_volume": 10477065.0, "trend": 47.284087, "fair_value": 42.532035, "relative_strength": 16.342874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.770282, "energy": 93.376983, "activity_lines": [ 52.801551, 51.383229, 49.982137, 48.758123 ] }, { "date": "2025-12-12", "close": 55.559483, "volume": 10018800, "typical_volume": 10450360.0, "trend": 47.588922, "fair_value": 42.672151, "relative_strength": 17.896825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.247189, "energy": 94.518905, "activity_lines": [ 54.068276, 52.314686, 50.626161, 49.292019 ] }, { "date": "2025-12-19", "close": 55.799999, "volume": 13755200, "typical_volume": 10466135.0, "trend": 47.948658, "fair_value": 42.812546, "relative_strength": 17.84571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.833173, "energy": 92.234775, "activity_lines": [ 54.982241, 53.158683, 51.242846, 49.821766 ] }, { "date": "2025-12-26", "close": 55.799999, "volume": 6626500, "typical_volume": 10294500.0, "trend": 48.331835, "fair_value": 42.955467, "relative_strength": 16.468822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.548487, "energy": 90.097576, "activity_lines": [ 55.463275, 53.867116, 51.809256, 50.328304 ] }, { "date": "2026-01-02", "close": 56.040516, "volume": 4495200, "typical_volume": 10047010.0, "trend": 48.715215, "fair_value": 43.094877, "relative_strength": 16.196064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.572943, "energy": 83.126028, "activity_lines": [ 55.816034, 54.505579, 52.352764, 50.825638 ] }, { "date": "2026-01-09", "close": 55.559483, "volume": 12663900, "typical_volume": 10324920.0, "trend": 49.090375, "fair_value": 43.22994, "relative_strength": 15.039728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.282969, "energy": 66.082851, "activity_lines": [ 55.76793, 54.95163, 52.810201, 51.267204 ] }, { "date": "2026-01-16", "close": 56.76207, "volume": 9932600, "typical_volume": 10464600.0, "trend": 49.552505, "fair_value": 43.377765, "relative_strength": 14.90808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.826999, "energy": 68.208107, "activity_lines": [ 56.104655, 55.49826, 53.341972, 51.762152 ] }, { "date": "2026-01-23", "close": 55.559483, "volume": 12758000, "typical_volume": 10706400.0, "trend": 49.95892, "fair_value": 43.516618, "relative_strength": 8.654998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.013352, "energy": 59.810394, "activity_lines": [ 55.960345, 55.686301, 53.715517, 52.149699 ] }, { "date": "2026-01-30", "close": 56.76207, "volume": 15405900, "typical_volume": 10502845.0, "trend": 50.405422, "fair_value": 43.661916, "relative_strength": 9.589264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.264392, "energy": 60.119046, "activity_lines": [ 56.232932, 55.979295, 54.165628, 52.588612 ] }, { "date": "2026-02-06", "close": 54.597416, "volume": 16498400, "typical_volume": 10814235.0, "trend": 50.764141, "fair_value": 43.795865, "relative_strength": 2.914798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.923753, "energy": 44.184468, "activity_lines": [ 55.719829, 55.804374, 54.36835, 52.859063 ] }, { "date": "2026-02-13", "close": 54.837933, "volume": 16013200, "typical_volume": 11231955.0, "trend": 51.107435, "fair_value": 43.931356, "relative_strength": -2.339767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.154947, "energy": 33.625995, "activity_lines": [ 55.383105, 55.633825, 54.565345, 53.121889 ] }, { "date": "2026-02-20", "close": 60.129311, "volume": 19161000, "typical_volume": 11931775.0, "trend": 51.611481, "fair_value": 44.102029, "relative_strength": 3.320475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.494967, "energy": 57.223747, "activity_lines": [ 56.858277, 56.434092, 55.236503, 53.703945 ] }, { "date": "2026-02-27", "close": 58.44569, "volume": 18575100, "typical_volume": 12692200.0, "trend": 52.051592, "fair_value": 44.259383, "relative_strength": -2.88615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.596243, "energy": 54.032178, "activity_lines": [ 57.54776, 56.845158, 55.691195, 54.144862 ] }, { "date": "2026-03-06", "close": 54.597416, "volume": 19390900, "typical_volume": 13142235.0, "trend": 52.332172, "fair_value": 44.387016, "relative_strength": -1.815021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.375444, "energy": 42.29306, "activity_lines": [ 56.76207, 56.508434, 55.731281, 54.309109 ] }, { "date": "2026-03-13", "close": 53.875862, "volume": 16988400, "typical_volume": 13415735.0, "trend": 52.541817, "fair_value": 44.510023, "relative_strength": -3.094289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.096488, "energy": 27.471067, "activity_lines": [ 55.880173, 56.062383, 55.678597, 54.408701 ] }, { "date": "2026-03-20", "close": 53.394829, "volume": 14210200, "typical_volume": 13751345.0, "trend": 52.751055, "fair_value": 44.628683, "relative_strength": -5.481143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.811061, "energy": 14.879625, "activity_lines": [ 54.886035, 55.56823, 55.562919, 54.463734 ] }, { "date": "2026-03-27", "close": 54.597416, "volume": 14433000, "typical_volume": 14120520.0, "trend": 52.984752, "fair_value": 44.747471, "relative_strength": -4.241494, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.827511, "energy": 19.747212, "activity_lines": [ 54.388967, 55.332086, 55.541159, 54.582854 ] }, { "date": "2026-04-03", "close": 55.318966, "volume": 10148900, "typical_volume": 14201225.0, "trend": 53.2425, "fair_value": 44.869622, "relative_strength": -3.350771, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.466623, "energy": 16.3711, "activity_lines": [ 54.501208, 55.26649, 55.561774, 54.733449 ] }, { "date": "2026-04-10", "close": 55.799999, "volume": 8631600, "typical_volume": 13426850.0, "trend": 53.499052, "fair_value": 44.99991, "relative_strength": -5.874518, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.007988, "energy": 11.654376, "activity_lines": [ 54.982242, 55.292728, 55.59957, 54.898449 ] }, { "date": "2026-04-17", "close": 55.25, "volume": 5769300, "typical_volume": 12967695.0, "trend": 53.721236, "fair_value": 45.124673, "relative_strength": -5.202756, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.917462, "energy": 9.469526, "activity_lines": [ 55.19977, 55.236458, 55.570095, 55.011413 ] }, { "date": "2026-04-24", "close": 54.75, "volume": 11628000, "typical_volume": 12855205.0, "trend": 53.926753, "fair_value": 45.247549, "relative_strength": -4.321926, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.80651, "energy": 12.134722, "activity_lines": [ 55.159023, 55.077414, 55.479586, 55.077785 ] }, { "date": "2026-05-01", "close": 56.0, "volume": 7377100, "typical_volume": 12723120.0, "trend": 54.181954, "fair_value": 45.369209, "relative_strength": -4.616323, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.140517, "energy": 16.800184, "activity_lines": [ 55.444598, 55.147242, 55.510834, 55.211543 ] }, { "date": "2026-05-08", "close": 57.0, "volume": 6503800, "typical_volume": 12360550.0, "trend": 54.470489, "fair_value": 45.492005, "relative_strength": -3.346962, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.244867, "energy": 22.251908, "activity_lines": [ 55.97, 55.473966, 55.635222, 55.393352 ] }, { "date": "2026-05-15", "close": 59.25, "volume": 12911500, "typical_volume": 12674800.0, "trend": 54.793937, "fair_value": 45.610767, "relative_strength": -0.706496, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.170648, "energy": 51.908359, "activity_lines": [ 57.133333, 56.236066, 55.968182, 55.701708 ] }, { "date": "2026-05-22", "close": 59.75, "volume": 5414800, "typical_volume": 12720780.0, "trend": 55.11, "fair_value": 45.728779, "relative_strength": -1.244598, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.007264, "energy": 71.119525, "activity_lines": [ 58.233333, 57.004483, 56.332332, 56.021454 ] }, { "date": "2026-05-29", "close": 59.75, "volume": 9217200, "typical_volume": 12548445.0, "trend": 55.46615, "fair_value": 45.842835, "relative_strength": -3.09308, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.09857, "energy": 75.622009, "activity_lines": [ 59.033333, 57.666097, 56.678818, 56.320809 ] }, { "date": "2026-06-05", "close": 61.0, "volume": 1516200, "typical_volume": 12127625.0, "trend": 55.863966, "fair_value": 45.959631, "relative_strength": -1.924222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.241121, "energy": 85.344272, "activity_lines": [ 59.916667, 58.439436, 57.124397, 56.677831 ] }, { "date": "2026-06-12", "close": 60.75, "volume": 1560500, "typical_volume": 11567750.0, "trend": 56.245431, "fair_value": 46.089326, "relative_strength": -2.86549, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.1513, "energy": 85.144066, "activity_lines": [ 60.383333, 59.050909, 57.525985, 56.993059 ] }, { "date": "2026-06-19", "close": 65.25, "volume": 4963300, "typical_volume": 11045620.0, "trend": 56.664656, "fair_value": 46.247868, "relative_strength": 5.582704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.838865, "energy": 94.854096, "activity_lines": [ 62.1, 60.381818, 58.331429, 57.573999 ] }, { "date": "2026-06-26", "close": 65.75, "volume": 1902400, "typical_volume": 10315820.0, "trend": 57.108564, "fair_value": 46.406978, "relative_strength": 8.336244, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.887544, "energy": 95.849917, "activity_lines": [ 63.583333, 61.631818, 59.144072, 58.16015 ] }, { "date": "2026-07-03", "close": 69.75, "volume": 4345300, "typical_volume": 9732425.0, "trend": 57.589598, "fair_value": 46.598321, "relative_strength": 9.764853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.380352, "energy": 98.234966, "activity_lines": [ 66.0, 63.418182, 60.284561, 58.975727 ] }, { "date": "2026-07-10", "close": 71.75, "volume": 12599200, "typical_volume": 9404335.0, "trend": 58.129282, "fair_value": 46.799848, "relative_strength": 11.916159, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.653752, "energy": 97.927484, "activity_lines": [ 68.416667, 65.295455, 61.544516, 59.889301 ] }, { "date": "2026-07-17", "close": 71.5, "volume": 14102900, "typical_volume": 9180725.0, "trend": 58.652615, "fair_value": 46.995817, "relative_strength": 9.977207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.866893, "energy": 94.16091, "activity_lines": [ 70.033333, 66.840909, 62.725324, 60.751928 ] }, { "date": "2026-07-24", "close": 74.25, "volume": 29239400, "typical_volume": 9673150.0, "trend": 59.267615, "fair_value": 47.206778, "relative_strength": 13.432675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.321525, "energy": 95.898467, "activity_lines": [ 71.85, 68.622727, 64.105874, 61.758211 ] }, { "date": "2026-07-31", "close": 78.25, "volume": 36792400, "typical_volume": 10663350.0, "trend": 60.007931, "fair_value": 47.444698, "relative_strength": 20.253865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.207877, "energy": 93.841279, "activity_lines": [ 74.4, 70.859091, 65.773793, 62.982881 ] }, { "date": "2026-08-07", "close": 87.5, "volume": 48458600, "typical_volume": 12375770.0, "trend": 61.072615, "fair_value": 47.734002, "relative_strength": 34.249676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.423417, "energy": 89.818091, "activity_lines": [ 79.2, 74.440909, 68.206597, 64.756563 ] } ], "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." } } }