{ "ticker": { "uuid": "cec22507-0153-4dfb-9269-a407b5d5b1d8", "symbol": "6556", "name": "Topview Optronics Corporation", "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": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 81.492, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -41.716, "architecture_energy": 38.51, "architecture_maturity": 16.036, "architecture_confidence": 78.616, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 31.53, "rotation_up": 18.17, "upward_expansion": 20.61, "deceleration": 53.88, "rotation_down": 65.18, "downward_expansion": 45.61 }, "activity_lines": [ 64.079999, 65.442498, 66.288851, 66.014498 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 59.099998, "trend_reference": 65.699125, "distance_from_trend": -0.100445, "trend_direction": "Improving", "fair_value": 75.106744, "distance_from_fair_value": -0.21312, "fair_value_direction": "Weakening", "relative_strength": -37.474442, "relative_strength_direction": "Weakening", "price_momentum": -0.081953, "excess_performance": -0.523325, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.100445, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000729, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.21312, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.066919, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.374744, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.021811, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.081953, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.279805, "read": "Supply-led" } ], "volume": { "latest": 438525, "relative_activity": 6.183903, "balance": 0.279805, "dry_up": 2.103338, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.059064, "annualized_volatility": 0.250006, "from_high_reference": -0.23156, "from_low_reference": 0.055357 }, "levels": { "trend_reference": 65.699125, "fair_value_reference": 75.106744, "structural_low": 56.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.044779, "positive_rate": 0.1, "directional_follow_through": 0.1, "median_excess_return": -0.09959, "regime_survival": 0.3, "best_return": 0.127695, "worst_return": -0.075472, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.019027, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.126746, "regime_survival": 0.428571, "best_return": 0.306358, "worst_return": -0.182178, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.049655, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.134291, "regime_survival": 0.2, "best_return": 0.915423, "worst_return": -0.159406, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.002438, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.112759, "regime_survival": 0.0, "best_return": 0.762276, "worst_return": -0.137972, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-09-13", "tenure": "New", "return": -0.193548, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": -0.093385, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.051852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-03-28", "tenure": "Established", "return": -0.037415, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-04", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.166197, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": -0.111259, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": 0.082749, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-10-10", "tenure": "Developing", "return": -0.069463, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-17", "end": "2026-04-24", "tenure": "Extended", "return": -0.012694, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": 0.01, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": 0.034286, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": -0.061442, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": -0.094946, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 85.435051, "volume": 265000, "typical_volume": 638650.0, "trend": 107.624796, "fair_value": 57.439836, "relative_strength": -15.823469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.241611, "energy": 73.918602, "activity_lines": [ 87.439832, 90.058866, 94.55663, 101.988719 ] }, { "date": "2023-08-18", "close": 79.525002, "volume": 217000, "typical_volume": 602150.0, "trend": 107.646817, "fair_value": 57.733825, "relative_strength": -20.946963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.95618, "energy": 77.945403, "activity_lines": [ 84.397895, 87.840313, 92.491024, 100.175829 ] }, { "date": "2023-08-25", "close": 78.30822, "volume": 222000, "typical_volume": 604100.0, "trend": 107.520358, "fair_value": 58.010315, "relative_strength": -22.921271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.902416, "energy": 80.155345, "activity_lines": [ 81.935373, 85.584732, 90.559386, 98.283017 ] }, { "date": "2023-09-01", "close": 78.829689, "volume": 154000, "typical_volume": 576500.0, "trend": 106.951932, "fair_value": 58.294998, "relative_strength": -23.418263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.785696, "energy": 80.446898, "activity_lines": [ 80.336179, 83.80387, 88.911318, 96.432006 ] }, { "date": "2023-09-08", "close": 76.396149, "volume": 156000, "typical_volume": 555800.0, "trend": 105.956491, "fair_value": 58.56893, "relative_strength": -25.661658, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.443346, "energy": 83.521697, "activity_lines": [ 78.447281, 81.860411, 87.254999, 94.460665 ] }, { "date": "2023-09-15", "close": 73.962585, "volume": 146000, "typical_volume": 481100.0, "trend": 104.354169, "fair_value": 58.819988, "relative_strength": -29.562409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.78244, "energy": 87.740516, "activity_lines": [ 76.535202, 79.90425, 85.532836, 92.396542 ] }, { "date": "2023-09-22", "close": 73.354202, "volume": 208000, "typical_volume": 469350.0, "trend": 102.205805, "fair_value": 59.071996, "relative_strength": -27.687285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.420326, "energy": 83.992725, "activity_lines": [ 75.18516, 78.145455, 83.920362, 90.396544 ] }, { "date": "2023-09-29", "close": 72.832726, "volume": 86000, "typical_volume": 443200.0, "trend": 99.680326, "fair_value": 59.320661, "relative_strength": -28.303954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.403389, "energy": 86.699678, "activity_lines": [ 74.072679, 76.672682, 82.420845, 88.501507 ] }, { "date": "2023-10-06", "close": 80.828674, "volume": 288000, "typical_volume": 445400.0, "trend": 97.476722, "fair_value": 59.621067, "relative_strength": -21.412612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.098661, "energy": 63.450758, "activity_lines": [ 75.990547, 76.941319, 81.830162, 87.285271 ] }, { "date": "2023-10-13", "close": 86.738739, "volume": 826000, "typical_volume": 451050.0, "trend": 95.594643, "fair_value": 59.961297, "relative_strength": -17.246395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.464978, "energy": 41.235989, "activity_lines": [ 79.745171, 78.390389, 81.899722, 86.592498 ] }, { "date": "2023-10-20", "close": 79.959557, "volume": 336000, "typical_volume": 452250.0, "trend": 93.500428, "fair_value": 60.256132, "relative_strength": -22.13416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.002333, "energy": 28.003478, "activity_lines": [ 80.550561, 78.633744, 81.359281, 85.583783 ] }, { "date": "2023-10-27", "close": 85.174309, "volume": 239000, "typical_volume": 442400.0, "trend": 91.939769, "fair_value": 60.586334, "relative_strength": -15.696093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.703222, "energy": 27.92198, "activity_lines": [ 82.694404, 79.924791, 81.385377, 85.046614 ] }, { "date": "2023-11-03", "close": 84.305183, "volume": 226000, "typical_volume": 337500.0, "trend": 90.502334, "fair_value": 60.91242, "relative_strength": -18.5844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.134601, "energy": 25.656393, "activity_lines": [ 83.760532, 80.955099, 81.350042, 84.55406 ] }, { "date": "2023-11-10", "close": 73.875679, "volume": 445000, "typical_volume": 347450.0, "trend": 88.772593, "fair_value": 61.168255, "relative_strength": -29.156998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.517772, "energy": 27.246877, "activity_lines": [ 80.585327, 79.980099, 80.392364, 83.481373 ] }, { "date": "2023-11-17", "close": 73.875679, "volume": 111000, "typical_volume": 285900.0, "trend": 87.527106, "fair_value": 61.424091, "relative_strength": -30.913304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.185787, "energy": 40.55646, "activity_lines": [ 77.873656, 79.095171, 79.531573, 82.520281 ] }, { "date": "2023-11-24", "close": 76.135406, "volume": 342000, "typical_volume": 273350.0, "trend": 86.426123, "fair_value": 61.694897, "relative_strength": -28.502093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.897985, "energy": 47.323605, "activity_lines": [ 76.772764, 78.66693, 79.010554, 81.785333 ] }, { "date": "2023-12-01", "close": 76.135406, "volume": 210000, "typical_volume": 256700.0, "trend": 85.380483, "fair_value": 61.976856, "relative_strength": -28.729999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.656795, "energy": 61.160358, "activity_lines": [ 75.926815, 78.199183, 78.559851, 81.121416 ] }, { "date": "2023-12-08", "close": 75.78775, "volume": 254000, "typical_volume": 257800.0, "trend": 84.447778, "fair_value": 62.254889, "relative_strength": -27.969933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.793696, "energy": 59.640116, "activity_lines": [ 75.567575, 77.617658, 78.162536, 80.50253 ] }, { "date": "2023-12-15", "close": 73.701851, "volume": 150000, "typical_volume": 254450.0, "trend": 83.528557, "fair_value": 62.519551, "relative_strength": -30.312196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.182931, "energy": 49.61868, "activity_lines": [ 75.080864, 76.603151, 77.627817, 79.809244 ] }, { "date": "2023-12-22", "close": 77.439087, "volume": 762000, "typical_volume": 282150.0, "trend": 82.969121, "fair_value": 62.809139, "relative_strength": -25.823987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.319157, "energy": 34.552347, "activity_lines": [ 75.851487, 76.397721, 77.510691, 79.416375 ] }, { "date": "2023-12-29", "close": 76.656876, "volume": 137000, "typical_volume": 275750.0, "trend": 82.369775, "fair_value": 63.090076, "relative_strength": -27.400979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.712132, "energy": 29.273087, "activity_lines": [ 76.123812, 76.219154, 77.370389, 79.009133 ] }, { "date": "2024-01-05", "close": 74.223328, "volume": 179000, "typical_volume": 273850.0, "trend": 81.855341, "fair_value": 63.357354, "relative_strength": -27.485911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.73664, "energy": 33.375853, "activity_lines": [ 75.55019, 75.658174, 77.040121, 78.483556 ] }, { "date": "2024-01-12", "close": 73.180382, "volume": 180000, "typical_volume": 271750.0, "trend": 80.987918, "fair_value": 63.616976, "relative_strength": -28.053027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.009008, "energy": 36.98763, "activity_lines": [ 74.756392, 75.106675, 76.635772, 77.923881 ] }, { "date": "2024-01-19", "close": 72.050514, "volume": 90122, "typical_volume": 268556.1, "trend": 80.248862, "fair_value": 63.87081, "relative_strength": -29.549218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.636891, "energy": 59.12106, "activity_lines": [ 73.759795, 74.552015, 76.148234, 77.347275 ] }, { "date": "2024-01-26", "close": 73.701851, "volume": 58000, "typical_volume": 263656.1, "trend": 79.371149, "fair_value": 64.147109, "relative_strength": -28.858367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.58538, "energy": 62.869679, "activity_lines": [ 73.423733, 74.330783, 75.850248, 76.924887 ] }, { "date": "2024-02-02", "close": 73.875679, "volume": 144000, "typical_volume": 263556.1, "trend": 78.80362, "fair_value": 64.418947, "relative_strength": -28.4558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.111282, "energy": 55.972373, "activity_lines": [ 73.394762, 74.144316, 75.581647, 76.57034 ] }, { "date": "2024-02-09", "close": 74.65789, "volume": 42000, "typical_volume": 255256.1, "trend": 78.148878, "fair_value": 64.703558, "relative_strength": -27.183436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.063168, "energy": 52.184039, "activity_lines": [ 73.811942, 74.141156, 75.387956, 76.302874 ] }, { "date": "2024-02-16", "close": 74.310242, "volume": 31000, "typical_volume": 252506.1, "trend": 77.670859, "fair_value": 64.974544, "relative_strength": -28.570566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.197742, "energy": 31.926132, "activity_lines": [ 74.084268, 74.101651, 75.154948, 76.05522 ] }, { "date": "2024-02-23", "close": 74.223328, "volume": 106000, "typical_volume": 243406.1, "trend": 77.256576, "fair_value": 65.247155, "relative_strength": -28.499418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.650402, "energy": 24.71798, "activity_lines": [ 74.252299, 74.073207, 74.906626, 75.832799 ] }, { "date": "2024-03-01", "close": 79.525002, "volume": 241000, "typical_volume": 214156.1, "trend": 76.966868, "fair_value": 65.554237, "relative_strength": -22.131534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.643881, "energy": 9.767729, "activity_lines": [ 76.0427, 74.999222, 75.19468, 75.979149 ] }, { "date": "2024-03-08", "close": 75.179367, "volume": 274000, "typical_volume": 211056.1, "trend": 76.625012, "fair_value": 65.837341, "relative_strength": -28.094687, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.51948, "energy": 16.223032, "activity_lines": [ 75.996347, 75.097196, 75.103215, 75.863826 ] }, { "date": "2024-03-15", "close": 72.919647, "volume": 180000, "typical_volume": 208106.1, "trend": 76.404833, "fair_value": 66.10596, "relative_strength": -28.443246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.601727, "energy": 18.699627, "activity_lines": [ 75.10984, 74.811176, 74.819301, 75.62477 ] }, { "date": "2024-03-22", "close": 73.875679, "volume": 76000, "typical_volume": 200606.1, "trend": 76.257082, "fair_value": 66.37707, "relative_strength": -28.039662, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.82241, "energy": 16.657669, "activity_lines": [ 74.657894, 74.722683, 74.684794, 75.461599 ] }, { "date": "2024-03-29", "close": 74.136414, "volume": 36000, "typical_volume": 180156.1, "trend": 76.100639, "fair_value": 66.650821, "relative_strength": -26.725297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.288125, "energy": 24.913792, "activity_lines": [ 74.321831, 74.668954, 74.624782, 75.324782 ] }, { "date": "2024-04-05", "close": 73.093468, "volume": 38000, "typical_volume": 176506.1, "trend": 75.99055, "fair_value": 66.926373, "relative_strength": -26.649602, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.081612, "energy": 45.037624, "activity_lines": [ 73.643913, 74.387674, 74.464201, 75.130771 ] }, { "date": "2024-04-12", "close": 71.789772, "volume": 64000, "typical_volume": 162606.1, "trend": 75.918123, "fair_value": 67.192356, "relative_strength": -28.092779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.61769, "energy": 54.696462, "activity_lines": [ 72.960199, 73.88042, 74.183184, 74.859753 ] }, { "date": "2024-04-19", "close": 67.878708, "volume": 112000, "typical_volume": 157706.1, "trend": 75.735606, "fair_value": 67.426236, "relative_strength": -26.72997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.771852, "energy": 72.847733, "activity_lines": [ 71.198769, 72.699988, 73.550377, 74.341081 ] }, { "date": "2024-04-26", "close": 66.488113, "volume": 82000, "typical_volume": 149106.1, "trend": 75.524119, "fair_value": 67.656294, "relative_strength": -29.286311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.883678, "energy": 82.884533, "activity_lines": [ 69.309871, 71.389979, 72.824451, 73.744468 ] }, { "date": "2024-05-03", "close": 69.703873, "volume": 61000, "typical_volume": 144656.1, "trend": 75.153293, "fair_value": 67.902602, "relative_strength": -25.574194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.676396, "energy": 75.431314, "activity_lines": [ 68.985397, 70.806874, 72.449071, 73.368969 ] }, { "date": "2024-05-10", "close": 83.6968, "volume": 1223000, "typical_volume": 167706.1, "trend": 75.051895, "fair_value": 68.238365, "relative_strength": -11.284594, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -6.029122, "energy": 7.993034, "activity_lines": [ 73.620735, 72.85011, 73.425389, 73.920163 ] }, { "date": "2024-05-17", "close": 85.261215, "volume": 805000, "typical_volume": 201106.1, "trend": 75.228617, "fair_value": 68.584157, "relative_strength": -11.118488, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.616145, "energy": 36.448682, "activity_lines": [ 78.070655, 75.101934, 74.5209, 74.578828 ] }, { "date": "2024-05-24", "close": 86.39109, "volume": 322000, "typical_volume": 208256.1, "trend": 75.269176, "fair_value": 68.937919, "relative_strength": -10.573244, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.273474, "energy": 63.322505, "activity_lines": [ 81.999105, 77.375883, 75.683045, 75.298988 ] }, { "date": "2024-05-31", "close": 96.907501, "volume": 779000, "typical_volume": 238206.1, "trend": 75.689253, "fair_value": 69.357881, "relative_strength": 2.644994, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.073838, "energy": 96.006708, "activity_lines": [ 88.198866, 81.316972, 77.788812, 76.695009 ] }, { "date": "2024-06-07", "close": 98.211189, "volume": 963000, "typical_volume": 281850.0, "trend": 76.500437, "fair_value": 69.783776, "relative_strength": 1.125937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.154803, "energy": 95.396802, "activity_lines": [ 92.80523, 85.076334, 79.905753, 78.148037 ] }, { "date": "2024-06-14", "close": 99.080322, "volume": 668000, "typical_volume": 312350.0, "trend": 77.340592, "fair_value": 70.211848, "relative_strength": -0.333157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.563525, "energy": 93.401866, "activity_lines": [ 95.800818, 88.555998, 81.980894, 79.604804 ] }, { "date": "2024-06-21", "close": 103.425941, "volume": 530000, "typical_volume": 331650.0, "trend": 78.250276, "fair_value": 70.666564, "relative_strength": 1.141857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.554267, "energy": 93.991143, "activity_lines": [ 99.219377, 92.353285, 84.349054, 81.28773 ] }, { "date": "2024-06-28", "close": 106.46788, "volume": 388000, "typical_volume": 348950.0, "trend": 79.261359, "fair_value": 71.140537, "relative_strength": 5.713153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.93155, "energy": 89.331078, "activity_lines": [ 102.440934, 96.12845, 86.866206, 83.10822 ] }, { "date": "2024-07-05", "close": 107.771576, "volume": 386000, "typical_volume": 366700.0, "trend": 80.327486, "fair_value": 71.622382, "relative_strength": 5.032192, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.035001, "energy": 74.275912, "activity_lines": [ 104.758604, 99.439029, 89.356044, 84.947589 ] }, { "date": "2024-07-12", "close": 91.284004, "volume": 1026000, "typical_volume": 412700.0, "trend": 80.913558, "fair_value": 71.978656, "relative_strength": -11.737853, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.382106, "energy": 58.257649, "activity_lines": [ 100.856145, 99.001259, 90.116298, 85.654461 ] }, { "date": "2024-07-19", "close": 87.972725, "volume": 382000, "typical_volume": 419750.0, "trend": 81.264679, "fair_value": 72.31322, "relative_strength": -10.502055, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.72463, "energy": 40.271863, "activity_lines": [ 96.311738, 97.569072, 90.47995, 86.109891 ] }, { "date": "2024-07-26", "close": 87.793732, "volume": 141000, "typical_volume": 413100.0, "trend": 81.635908, "fair_value": 72.642271, "relative_strength": -7.223092, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.360045, "energy": 25.75576, "activity_lines": [ 92.448174, 96.026597, 90.786328, 86.531121 ] }, { "date": "2024-08-02", "close": 89.404633, "volume": 162000, "typical_volume": 412200.0, "trend": 82.141951, "fair_value": 72.985043, "relative_strength": -2.937665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.201607, "energy": 30.247221, "activity_lines": [ 90.163723, 94.730967, 91.186056, 87.032329 ] }, { "date": "2024-08-09", "close": 88.957153, "volume": 153000, "typical_volume": 416050.0, "trend": 82.667844, "fair_value": 73.327478, "relative_strength": -2.219875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.950948, "energy": 27.463635, "activity_lines": [ 88.867663, 93.299186, 91.464668, 87.472019 ] }, { "date": "2024-08-16", "close": 108.287888, "volume": 2027000, "typical_volume": 515600.0, "trend": 83.875756, "fair_value": 73.779148, "relative_strength": 14.344527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.974448, "energy": 29.110701, "activity_lines": [ 95.269476, 95.526636, 93.512485, 89.124925 ] }, { "date": "2024-08-23", "close": 102.470772, "volume": 457000, "typical_volume": 536550.0, "trend": 84.83472, "fair_value": 74.19049, "relative_strength": 9.198907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.642723, "energy": 38.835043, "activity_lines": [ 98.598658, 96.513215, 94.843665, 90.324604 ] }, { "date": "2024-08-30", "close": 110.97271, "volume": 1543000, "typical_volume": 610500.0, "trend": 86.071288, "fair_value": 74.655067, "relative_strength": 17.54257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.399336, "energy": 63.668392, "activity_lines": [ 103.795283, 98.983957, 96.844662, 92.010926 ] }, { "date": "2024-09-06", "close": 97.10112, "volume": 766000, "typical_volume": 643200.0, "trend": 86.819395, "fair_value": 75.037051, "relative_strength": 6.884375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.853986, "energy": 55.274707, "activity_lines": [ 102.822779, 98.795377, 97.33797, 92.722528 ] }, { "date": "2024-09-13", "close": 89.494125, "volume": 437000, "typical_volume": 660950.0, "trend": 87.325525, "fair_value": 75.377866, "relative_strength": -2.844123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.336547, "energy": 27.3928, "activity_lines": [ 98.801511, 97.394013, 96.967647, 92.895091 ] }, { "date": "2024-09-20", "close": 90.389061, "volume": 234000, "typical_volume": 669600.0, "trend": 87.864383, "fair_value": 75.714293, "relative_strength": -3.463494, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.143157, "energy": 8.842291, "activity_lines": [ 95.042757, 96.487681, 96.573004, 93.092738 ] }, { "date": "2024-09-27", "close": 89.494125, "volume": 189000, "typical_volume": 617900.0, "trend": 88.196687, "fair_value": 76.045996, "relative_strength": -6.972072, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.858524, "energy": 15.164129, "activity_lines": [ 92.178946, 95.434905, 95.994628, 93.197883 ] }, { "date": "2024-10-04", "close": 88.867661, "volume": 56000, "typical_volume": 580450.0, "trend": 88.652963, "fair_value": 76.380263, "relative_strength": -5.075907, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.872614, "energy": 18.507, "activity_lines": [ 89.971424, 94.240565, 95.328983, 93.241172 ] }, { "date": "2024-10-11", "close": 81.948091, "volume": 223000, "typical_volume": 575500.0, "trend": 88.953911, "fair_value": 76.670175, "relative_strength": -14.130698, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.220282, "energy": 44.215824, "activity_lines": [ 86.931048, 91.768595, 93.987157, 92.808599 ] }, { "date": "2024-10-18", "close": 84.571945, "volume": 126000, "typical_volume": 542850.0, "trend": 89.310454, "fair_value": 76.978425, "relative_strength": -13.084404, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.298785, "energy": 47.688529, "activity_lines": [ 85.775492, 89.909263, 92.916379, 92.525892 ] }, { "date": "2024-10-25", "close": 83.945488, "volume": 39000, "typical_volume": 496650.0, "trend": 89.637423, "fair_value": 77.283672, "relative_strength": -12.531684, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.322251, "energy": 51.491681, "activity_lines": [ 84.739263, 88.015761, 91.84468, 92.179765 ] }, { "date": "2024-11-01", "close": 84.034981, "volume": 25000, "typical_volume": 464500.0, "trend": 90.00214, "fair_value": 77.589492, "relative_strength": -9.654357, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.786495, "energy": 48.312036, "activity_lines": [ 84.162436, 86.581119, 90.849436, 91.818317 ] }, { "date": "2024-11-08", "close": 83.319023, "volume": 107000, "typical_volume": 443350.0, "trend": 90.386448, "fair_value": 77.894773, "relative_strength": -13.001855, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.15181, "energy": 41.137499, "activity_lines": [ 83.710899, 85.3515, 89.857649, 91.387148 ] }, { "date": "2024-11-15", "close": 80.186729, "volume": 110000, "typical_volume": 429450.0, "trend": 90.796716, "fair_value": 78.173393, "relative_strength": -12.970588, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.382435, "energy": 67.315017, "activity_lines": [ 82.585173, 84.055166, 88.663296, 90.729102 ] }, { "date": "2024-11-22", "close": 78.933807, "volume": 48531, "typical_volume": 412576.55, "trend": 91.211572, "fair_value": 78.441958, "relative_strength": -14.546141, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.369829, "energy": 72.686483, "activity_lines": [ 81.159231, 82.838564, 87.474766, 89.963753 ] }, { "date": "2024-11-29", "close": 80.544708, "volume": 29000, "typical_volume": 362726.55, "trend": 91.572933, "fair_value": 78.716799, "relative_strength": -9.967152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.468726, "energy": 76.414258, "activity_lines": [ 80.646132, 82.106857, 86.576977, 89.275568 ] }, { "date": "2024-12-06", "close": 79.828758, "volume": 60000, "typical_volume": 346626.55, "trend": 91.443998, "fair_value": 78.984519, "relative_strength": -13.970601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.560245, "energy": 84.993431, "activity_lines": [ 80.121102, 81.423967, 85.662142, 88.517879 ] }, { "date": "2024-12-13", "close": 76.785957, "volume": 76000, "typical_volume": 343376.55, "trend": 91.16149, "fair_value": 79.194261, "relative_strength": -16.29285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.24466, "energy": 90.465469, "activity_lines": [ 78.862219, 80.363574, 84.496298, 87.572199 ] }, { "date": "2024-12-20", "close": 73.922142, "volume": 88000, "typical_volume": 339676.55, "trend": 90.745858, "fair_value": 79.316797, "relative_strength": -17.141599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.374536, "energy": 93.336577, "activity_lines": [ 77.084269, 79.002154, 83.110127, 86.459983 ] }, { "date": "2024-12-27", "close": 74.369614, "volume": 44000, "typical_volume": 334226.55, "trend": 89.994595, "fair_value": 79.434609, "relative_strength": -18.956666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.68538, "energy": 90.77021, "activity_lines": [ 75.873116, 77.86802, 81.840298, 85.403451 ] }, { "date": "2025-01-03", "close": 76.070007, "volume": 20000, "typical_volume": 233876.55, "trend": 89.256556, "fair_value": 79.580532, "relative_strength": -15.396242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.529791, "energy": 81.246738, "activity_lines": [ 75.533039, 77.228545, 80.801877, 84.505091 ] }, { "date": "2025-01-10", "close": 73.47467, "volume": 42000, "typical_volume": 213126.55, "trend": 88.403034, "fair_value": 79.67742, "relative_strength": -18.255658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.996347, "energy": 83.973367, "activity_lines": [ 74.626164, 76.260381, 79.669698, 83.486905 ] }, { "date": "2025-01-17", "close": 71.058327, "volume": 78000, "typical_volume": 139876.55, "trend": 87.324114, "fair_value": 79.78818, "relative_strength": -21.018315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.231963, "energy": 78.846104, "activity_lines": [ 73.337447, 75.044887, 78.445469, 82.367891 ] }, { "date": "2025-01-24", "close": 70.789848, "volume": 38000, "typical_volume": 103476.55, "trend": 86.134846, "fair_value": 79.902788, "relative_strength": -22.160254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.152649, "energy": 79.97968, "activity_lines": [ 72.341079, 74.003501, 77.385738, 81.301165 ] }, { "date": "2025-02-07", "close": 74.369614, "volume": 84029, "typical_volume": 85828.0, "trend": 85.021447, "fair_value": 80.045405, "relative_strength": -17.681818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.336307, "energy": 64.511303, "activity_lines": [ 72.746786, 73.783834, 76.79223, 80.542117 ] }, { "date": "2025-02-14", "close": 74.101135, "volume": 50000, "typical_volume": 76628.0, "trend": 84.448685, "fair_value": 80.191869, "relative_strength": -16.438978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.691652, "energy": 59.655109, "activity_lines": [ 73.063, 73.598337, 76.245174, 79.837581 ] }, { "date": "2025-02-21", "close": 79.023308, "volume": 56012, "typical_volume": 69978.6, "trend": 84.150371, "fair_value": 80.349637, "relative_strength": -12.766957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.303148, "energy": 37.118342, "activity_lines": [ 75.151196, 74.424938, 76.244457, 79.487557 ] }, { "date": "2025-02-28", "close": 77.859886, "volume": 38014, "typical_volume": 69079.3, "trend": 83.819243, "fair_value": 80.51159, "relative_strength": -11.280227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.129265, "energy": 26.361671, "activity_lines": [ 76.481676, 75.054651, 76.182799, 79.081719 ] }, { "date": "2025-03-07", "close": 75.980507, "volume": 40005, "typical_volume": 59929.55, "trend": 83.371772, "fair_value": 80.673139, "relative_strength": -11.217932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.530064, "energy": 24.765886, "activity_lines": [ 76.732259, 75.323133, 75.994571, 78.575994 ] }, { "date": "2025-03-14", "close": 74.996078, "volume": 40136, "typical_volume": 55636.35, "trend": 82.906403, "fair_value": 80.842552, "relative_strength": -9.766156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.254641, "energy": 23.8906, "activity_lines": [ 76.308655, 75.375203, 75.741005, 78.035627 ] }, { "date": "2025-03-21", "close": 75.712021, "volume": 41205, "typical_volume": 55746.6, "trend": 81.820541, "fair_value": 81.026679, "relative_strength": -9.757802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.893049, "energy": 17.923159, "activity_lines": [ 76.081935, 75.546055, 75.601223, 77.571473 ] }, { "date": "2025-03-28", "close": 75.980507, "volume": 28205, "typical_volume": 55906.85, "trend": 80.937532, "fair_value": 81.213539, "relative_strength": -6.832488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.90511, "energy": 18.560961, "activity_lines": [ 75.837317, 75.772231, 75.526219, 77.194697 ] }, { "date": "2025-04-04", "close": 75.891014, "volume": 7001, "typical_volume": 50906.9, "trend": 79.768142, "fair_value": 81.402357, "relative_strength": -5.567848, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.649546, "energy": 20.442203, "activity_lines": [ 75.765722, 75.936575, 75.481046, 76.869115 ] }, { "date": "2025-04-11", "close": 63.540825, "volume": 142010, "typical_volume": 52507.4, "trend": 78.649465, "fair_value": 81.511501, "relative_strength": -13.621691, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.523061, "energy": 54.04953, "activity_lines": [ 71.708655, 73.767562, 74.295035, 75.822191 ] }, { "date": "2025-04-18", "close": 67.299576, "volume": 47000, "typical_volume": 52430.85, "trend": 77.909647, "fair_value": 81.614872, "relative_strength": -7.884866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.374978, "energy": 66.855623, "activity_lines": [ 69.733817, 72.41376, 73.546268, 75.08994 ] }, { "date": "2025-04-25", "close": 68.015533, "volume": 43075, "typical_volume": 53134.6, "trend": 77.163863, "fair_value": 81.734982, "relative_strength": -9.11788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.97191, "energy": 69.061984, "activity_lines": [ 68.510732, 71.318678, 72.921088, 74.45161 ] }, { "date": "2025-05-02", "close": 70.163391, "volume": 32041, "typical_volume": 51736.65, "trend": 76.519505, "fair_value": 81.878478, "relative_strength": -10.406526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.342402, "energy": 66.985296, "activity_lines": [ 68.516699, 70.724762, 72.560128, 73.999967 ] }, { "date": "2025-05-09", "close": 70.163391, "volume": 26195, "typical_volume": 49246.4, "trend": 75.896029, "fair_value": 82.025519, "relative_strength": -10.918665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.102104, "energy": 43.219687, "activity_lines": [ 68.910473, 70.291936, 72.245194, 73.589895 ] }, { "date": "2025-05-16", "close": 70.52137, "volume": 32000, "typical_volume": 46446.4, "trend": 75.515139, "fair_value": 82.167766, "relative_strength": -13.913176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.059281, "energy": 32.112822, "activity_lines": [ 69.805415, 70.064134, 71.995889, 73.243143 ] }, { "date": "2025-05-23", "close": 72.04277, "volume": 25200, "typical_volume": 45506.4, "trend": 75.097499, "fair_value": 82.327866, "relative_strength": -10.966349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.217807, "energy": 19.944625, "activity_lines": [ 70.742121, 70.212206, 71.907674, 73.019119 ] }, { "date": "2025-05-30", "close": 74.101135, "volume": 61000, "typical_volume": 47556.4, "trend": 74.769354, "fair_value": 82.499136, "relative_strength": -6.858046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.906066, "energy": 15.06739, "activity_lines": [ 72.048736, 70.788224, 72.026574, 72.954838 ] }, { "date": "2025-06-06", "close": 75.533035, "volume": 79335, "typical_volume": 49423.15, "trend": 74.485956, "fair_value": 82.680597, "relative_strength": -5.902665, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.948473, "energy": 14.433955, "activity_lines": [ 73.426944, 71.653875, 72.29122, 73.004107 ] }, { "date": "2025-06-13", "close": 73.832649, "volume": 28003, "typical_volume": 46923.3, "trend": 74.169744, "fair_value": 82.849133, "relative_strength": -9.197998, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.089275, "energy": 17.695598, "activity_lines": [ 73.88038, 72.218502, 72.384124, 72.961958 ] }, { "date": "2025-06-20", "close": 72.490234, "volume": 17002, "typical_volume": 45873.4, "trend": 73.913194, "fair_value": 83.014633, "relative_strength": -10.216557, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.158463, "energy": 12.935122, "activity_lines": [ 73.641727, 72.576477, 72.335967, 72.853603 ] }, { "date": "2025-06-27", "close": 69.80542, "volume": 35084, "typical_volume": 43426.15, "trend": 73.608914, "fair_value": 83.157859, "relative_strength": -14.982329, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.083391, "energy": 11.686691, "activity_lines": [ 72.376879, 72.283589, 72.024016, 72.588585 ] }, { "date": "2025-07-04", "close": 70.610863, "volume": 37010, "typical_volume": 42776.65, "trend": 73.277786, "fair_value": 83.31283, "relative_strength": -13.192635, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.848263, "energy": 16.860573, "activity_lines": [ 71.529669, 72.091583, 71.810509, 72.395163 ] }, { "date": "2025-07-11", "close": 68.820984, "volume": 30313, "typical_volume": 41491.7, "trend": 72.91086, "fair_value": 83.461896, "relative_strength": -15.451355, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.172378, "energy": 36.875159, "activity_lines": [ 70.318517, 71.526957, 71.443158, 72.107627 ] }, { "date": "2025-07-18", "close": 67.129288, "volume": 99177, "typical_volume": 44549.85, "trend": 72.588971, "fair_value": 83.588474, "relative_strength": -19.348985, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.990404, "energy": 59.567831, "activity_lines": [ 68.990936, 70.679158, 70.963275, 71.734622 ] }, { "date": "2025-07-25", "close": 67.69899, "volume": 24650, "typical_volume": 43782.1, "trend": 72.381533, "fair_value": 83.711668, "relative_strength": -18.179659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.021511, "energy": 63.093896, "activity_lines": [ 68.300147, 69.990106, 70.588747, 71.41914 ] }, { "date": "2025-08-01", "close": 66.749496, "volume": 34195, "typical_volume": 43485.05, "trend": 72.127529, "fair_value": 83.825581, "relative_strength": -19.075666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.070985, "energy": 67.51299, "activity_lines": [ 67.612276, 69.179735, 70.163227, 71.055782 ] }, { "date": "2025-08-08", "close": 76.624237, "volume": 202895, "typical_volume": 51569.55, "trend": 72.146003, "fair_value": 83.995877, "relative_strength": -8.904714, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.35054, "energy": 12.164138, "activity_lines": [ 70.419713, 70.261013, 70.717428, 71.345893 ] }, { "date": "2025-08-15", "close": 73.30101, "volume": 71050, "typical_volume": 53711.8, "trend": 72.140215, "fair_value": 84.127841, "relative_strength": -13.439441, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.905144, "energy": 12.926314, "activity_lines": [ 71.718517, 70.692193, 70.950788, 71.420409 ] }, { "date": "2025-08-22", "close": 72.446465, "volume": 74160, "typical_volume": 57069.75, "trend": 72.186486, "fair_value": 84.255392, "relative_strength": -11.518002, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.470958, "energy": 13.370438, "activity_lines": [ 72.433804, 71.008583, 71.115522, 71.440167 ] }, { "date": "2025-08-29", "close": 71.781815, "volume": 87570, "typical_volume": 54347.75, "trend": 72.219552, "fair_value": 84.365378, "relative_strength": -13.219941, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.362802, "energy": 16.963996, "activity_lines": [ 72.573062, 71.229332, 71.233358, 71.414059 ] }, { "date": "2025-09-05", "close": 73.111115, "volume": 77030, "typical_volume": 55849.25, "trend": 72.177602, "fair_value": 84.472178, "relative_strength": -11.560556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.688496, "energy": 18.787249, "activity_lines": [ 72.883232, 71.704651, 71.438552, 71.47158 ] }, { "date": "2025-09-12", "close": 69.313133, "volume": 111199, "typical_volume": 59255.45, "trend": 72.018002, "fair_value": 84.559422, "relative_strength": -18.540784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.963542, "energy": 9.742014, "activity_lines": [ 71.503301, 71.429325, 71.254359, 71.286775 ] }, { "date": "2025-09-19", "close": 70.357574, "volume": 85249, "typical_volume": 61915.85, "trend": 71.729144, "fair_value": 84.629946, "relative_strength": -16.997681, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.073053, "energy": 13.609304, "activity_lines": [ 70.958923, 71.367493, 71.163457, 71.179651 ] }, { "date": "2025-09-26", "close": 68.838387, "volume": 34056, "typical_volume": 62308.9, "trend": 71.428427, "fair_value": 84.656142, "relative_strength": -18.136741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.645146, "energy": 21.471148, "activity_lines": [ 70.104378, 71.001506, 70.926946, 70.99315 ] }, { "date": "2025-10-03", "close": 68.838387, "volume": 29000, "typical_volume": 62158.9, "trend": 71.190356, "fair_value": 84.719588, "relative_strength": -21.126259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.090006, "energy": 30.172935, "activity_lines": [ 69.490372, 70.604445, 70.696745, 70.826051 ] }, { "date": "2025-10-10", "close": 67.414139, "volume": 20000, "typical_volume": 61898.9, "trend": 70.937625, "fair_value": 84.793062, "relative_strength": -23.605682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.504668, "energy": 48.198705, "activity_lines": [ 68.597846, 69.927714, 70.338916, 70.582424 ] }, { "date": "2025-10-17", "close": 67.319191, "volume": 40134, "typical_volume": 60855.6, "trend": 70.657864, "fair_value": 84.861138, "relative_strength": -23.206193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.831622, "energy": 52.241272, "activity_lines": [ 68.053468, 69.221635, 69.994085, 70.348977 ] }, { "date": "2025-10-24", "close": 65.894951, "volume": 76223, "typical_volume": 60700.0, "trend": 70.321679, "fair_value": 84.876448, "relative_strength": -24.91556, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.322539, "energy": 57.703532, "activity_lines": [ 67.167273, 68.425786, 69.545907, 70.041692 ] }, { "date": "2025-10-31", "close": 66.464645, "volume": 19000, "typical_volume": 60249.85, "trend": 70.007467, "fair_value": 84.936386, "relative_strength": -25.589826, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.771003, "energy": 56.345346, "activity_lines": [ 66.768484, 67.868173, 69.197881, 69.792851 ] }, { "date": "2025-11-07", "close": 66.369698, "volume": 70202, "typical_volume": 62909.85, "trend": 70.101762, "fair_value": 84.989861, "relative_strength": -23.533342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.924167, "energy": 59.95093, "activity_lines": [ 66.496296, 67.402057, 68.875898, 69.558156 ] }, { "date": "2025-11-14", "close": 65.894951, "volume": 87355, "typical_volume": 65523.4, "trend": 70.054942, "fair_value": 84.947167, "relative_strength": -22.841492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.234692, "energy": 61.154736, "activity_lines": [ 66.230438, 66.948026, 68.537847, 69.286749 ] }, { "date": "2025-11-21", "close": 64.945457, "volume": 28085, "typical_volume": 65077.15, "trend": 69.952606, "fair_value": 84.804728, "relative_strength": -20.660991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.943875, "energy": 60.368794, "activity_lines": [ 65.749362, 66.452563, 68.127989, 68.957105 ] }, { "date": "2025-11-28", "close": 65.420204, "volume": 33050, "typical_volume": 65214.0, "trend": 69.794499, "fair_value": 84.553581, "relative_strength": -23.012453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.483595, "energy": 55.466648, "activity_lines": [ 65.584783, 66.122829, 67.790323, 68.664692 ] }, { "date": "2025-12-05", "close": 66.939392, "volume": 20000, "typical_volume": 61255.15, "trend": 69.687033, "fair_value": 84.402638, "relative_strength": -21.621829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.565992, "energy": 41.207632, "activity_lines": [ 65.95825, 66.159082, 67.613536, 68.480492 ] }, { "date": "2025-12-12", "close": 65.800003, "volume": 23115, "typical_volume": 61178.4, "trend": 69.529654, "fair_value": 84.039515, "relative_strength": -23.01153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.231309, "energy": 39.385057, "activity_lines": [ 65.920271, 66.022701, 67.32914, 68.229715 ] }, { "date": "2025-12-19", "close": 66.27475, "volume": 50208, "typical_volume": 61979.05, "trend": 69.337387, "fair_value": 83.73531, "relative_strength": -20.576468, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.934254, "energy": 29.644468, "activity_lines": [ 66.07852, 66.02788, 67.099, 68.019722 ] }, { "date": "2025-12-26", "close": 67.793938, "volume": 52005, "typical_volume": 54434.55, "trend": 69.127147, "fair_value": 83.512683, "relative_strength": -20.741402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.730656, "energy": 19.497021, "activity_lines": [ 66.717846, 66.329992, 67.015806, 67.920144 ] }, { "date": "2026-01-02", "close": 67.604034, "volume": 28070, "typical_volume": 52285.55, "trend": 68.862847, "fair_value": 83.344715, "relative_strength": -22.658221, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.136805, "energy": 16.762088, "activity_lines": [ 67.103971, 66.588944, 66.956575, 67.821879 ] }, { "date": "2026-01-09", "close": 66.939392, "volume": 22185, "typical_volume": 49686.8, "trend": 68.633071, "fair_value": 83.172486, "relative_strength": -25.257099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.757017, "energy": 16.808683, "activity_lines": [ 67.122961, 66.695977, 66.861174, 67.697785 ] }, { "date": "2026-01-16", "close": 66.464645, "volume": 68100, "typical_volume": 48713.3, "trend": 68.432218, "fair_value": 83.047768, "relative_strength": -27.928186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.286239, "energy": 17.262515, "activity_lines": [ 66.983701, 66.708061, 66.746782, 67.557887 ] }, { "date": "2026-01-23", "close": 65.515152, "volume": 49243, "typical_volume": 47323.95, "trend": 68.28921, "fair_value": 82.962196, "relative_strength": -29.717037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.000217, "energy": 24.996004, "activity_lines": [ 66.483635, 66.545784, 66.567282, 67.369689 ] }, { "date": "2026-01-30", "close": 65.420204, "volume": 38000, "typical_volume": 43664.0, "trend": 68.116188, "fair_value": 82.855261, "relative_strength": -29.592933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.576288, "energy": 30.419744, "activity_lines": [ 66.002559, 66.373149, 66.414911, 67.184592 ] }, { "date": "2026-02-06", "close": 64.375763, "volume": 19008, "typical_volume": 40351.95, "trend": 67.968014, "fair_value": 82.653295, "relative_strength": -29.571018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.973377, "energy": 52.780715, "activity_lines": [ 65.331585, 66.001984, 66.181607, 66.943274 ] }, { "date": "2026-02-13", "close": 63.806057, "volume": 26278, "typical_volume": 39963.05, "trend": 67.857239, "fair_value": 82.381159, "relative_strength": -33.400814, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.384912, "energy": 62.729846, "activity_lines": [ 64.685927, 65.546226, 65.92253, 66.674761 ] }, { "date": "2026-02-27", "close": 65.135353, "volume": 20045, "typical_volume": 39515.3, "trend": 67.771785, "fair_value": 82.016435, "relative_strength": -34.830334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.6268, "energy": 56.980938, "activity_lines": [ 64.692256, 65.389127, 65.814016, 66.499155 ] }, { "date": "2026-03-06", "close": 65.135353, "volume": 64524, "typical_volume": 41741.5, "trend": 67.71798, "fair_value": 81.550603, "relative_strength": -30.629937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.86462, "energy": 43.101672, "activity_lines": [ 64.787205, 65.244114, 65.723136, 66.329063 ] }, { "date": "2026-03-13", "close": 64.565659, "volume": 19040, "typical_volume": 40686.8, "trend": 67.316027, "fair_value": 81.01194, "relative_strength": -30.137863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.147858, "energy": 33.307272, "activity_lines": [ 64.717576, 65.016235, 65.588851, 66.125687 ] }, { "date": "2026-03-20", "close": 63.046467, "volume": 30097, "typical_volume": 38380.5, "trend": 66.974209, "fair_value": 80.474181, "relative_strength": -31.341474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.185743, "energy": 38.032134, "activity_lines": [ 64.19852, 64.570836, 65.322992, 65.850232 ] }, { "date": "2026-03-27", "close": 61.812119, "volume": 36263, "typical_volume": 39243.65, "trend": 66.619731, "fair_value": 79.952457, "relative_strength": -31.062005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.970909, "energy": 52.709548, "activity_lines": [ 63.356633, 63.983875, 64.953141, 65.517194 ] }, { "date": "2026-04-03", "close": 62.856564, "volume": 27007, "typical_volume": 37083.9, "trend": 66.322223, "fair_value": 79.440089, "relative_strength": -27.922038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.838808, "energy": 63.185762, "activity_lines": [ 62.995825, 63.680037, 64.704916, 65.274409 ] }, { "date": "2026-04-10", "close": 65.420204, "volume": 18180, "typical_volume": 33625.15, "trend": 66.065859, "fair_value": 79.013333, "relative_strength": -30.14801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.212938, "energy": 42.340293, "activity_lines": [ 63.641482, 63.907916, 64.717576, 65.216214 ] }, { "date": "2026-04-17", "close": 64.755554, "volume": 48060, "typical_volume": 34623.9, "trend": 65.91394, "fair_value": 78.611585, "relative_strength": -32.731444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.593236, "energy": 25.21843, "activity_lines": [ 64.046599, 64.016676, 64.669197, 65.131678 ] }, { "date": "2026-04-24", "close": 66.464645, "volume": 65172, "typical_volume": 36230.0, "trend": 65.784175, "fair_value": 78.231436, "relative_strength": -33.872952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.841083, "energy": 13.227505, "activity_lines": [ 65.008753, 64.448264, 64.784492, 65.167207 ] }, { "date": "2026-05-01", "close": 66.464645, "volume": 41731, "typical_volume": 37316.55, "trend": 65.705051, "fair_value": 77.944413, "relative_strength": -33.007259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.699181, "energy": 18.516792, "activity_lines": [ 65.743029, 64.841873, 64.894814, 65.211109 ] }, { "date": "2026-05-08", "close": 65.800003, "volume": 63252, "typical_volume": 39323.4, "trend": 65.603771, "fair_value": 77.666433, "relative_strength": -37.09385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.102407, "energy": 18.548436, "activity_lines": [ 65.945589, 65.066299, 64.944098, 65.217235 ] }, { "date": "2026-05-15", "close": 66.084846, "volume": 63000, "typical_volume": 39963.0, "trend": 65.559461, "fair_value": 77.400922, "relative_strength": -35.293336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.053033, "energy": 20.061085, "activity_lines": [ 66.046868, 65.330431, 65.02051, 65.248272 ] }, { "date": "2026-05-22", "close": 67.129288, "volume": 33042, "typical_volume": 39014.85, "trend": 65.553131, "fair_value": 77.166052, "relative_strength": -35.149753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.200057, "energy": 31.946202, "activity_lines": [ 66.451985, 65.767198, 65.197296, 65.349551 ] }, { "date": "2026-05-29", "close": 66.464645, "volume": 46011, "typical_volume": 39911.9, "trend": 65.572121, "fair_value": 76.942887, "relative_strength": -38.439809, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.575924, "energy": 22.05255, "activity_lines": [ 66.477304, 66.036509, 65.313948, 65.408358 ] }, { "date": "2026-06-05", "close": 68.838387, "volume": 101350, "typical_volume": 43870.15, "trend": 65.651246, "fair_value": 76.78017, "relative_strength": -35.723843, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.418957, "energy": 48.396562, "activity_lines": [ 67.293872, 66.675261, 65.662097, 65.619085 ] }, { "date": "2026-06-12", "close": 68.743439, "volume": 47130, "typical_volume": 42821.65, "trend": 65.73037, "fair_value": 76.614184, "relative_strength": -33.462142, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 68.626757, "energy": 65.270296, "activity_lines": [ 67.92054, 67.168999, 65.99216, 65.818581 ] }, { "date": "2026-06-19", "close": 69.78788, "volume": 43000, "typical_volume": 42509.5, "trend": 65.860135, "fair_value": 76.486822, "relative_strength": -34.801348, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.724555, "energy": 72.988382, "activity_lines": [ 68.699126, 67.745602, 66.410842, 66.080356 ] }, { "date": "2026-06-26", "close": 68.36364, "volume": 31087, "typical_volume": 42163.85, "trend": 65.974074, "fair_value": 76.289133, "relative_strength": -32.429155, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.14712, "energy": 66.814085, "activity_lines": [ 68.756097, 67.98384, 66.673536, 66.241873 ] }, { "date": "2026-07-03", "close": 67.888893, "volume": 24030, "typical_volume": 42414.95, "trend": 66.056364, "fair_value": 76.12033, "relative_strength": -35.165806, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.988155, "energy": 49.957217, "activity_lines": [ 68.572529, 68.070158, 66.876999, 66.365409 ] }, { "date": "2026-07-10", "close": 67.03434, "volume": 58314, "typical_volume": 44016.75, "trend": 66.059529, "fair_value": 75.908799, "relative_strength": -33.017452, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.68035, "energy": 32.715476, "activity_lines": [ 68.009159, 67.975208, 66.982348, 66.428505 ] }, { "date": "2026-07-17", "close": 65.5, "volume": 111289, "typical_volume": 48578.95, "trend": 66.049529, "fair_value": 75.745968, "relative_strength": -29.519662, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.723258, "energy": 15.680431, "activity_lines": [ 67.054613, 67.590928, 66.926196, 66.392406 ] }, { "date": "2026-07-24", "close": 65.300003, "volume": 60295, "typical_volume": 48367.5, "trend": 66.017037, "fair_value": 75.56007, "relative_strength": -30.47384, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.404319, "energy": 17.352164, "activity_lines": [ 66.249631, 67.175741, 66.84926, 66.34405 ] }, { "date": "2026-07-31", "close": 65.199997, "volume": 36478, "typical_volume": 49239.4, "trend": 65.930572, "fair_value": 75.409744, "relative_strength": -28.837592, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.295604, "energy": 22.426538, "activity_lines": [ 65.710505, 66.75664, 66.762016, 66.291337 ] }, { "date": "2026-08-07", "close": 68.5, "volume": 61326, "typical_volume": 50800.85, "trend": 65.960438, "fair_value": 75.293386, "relative_strength": -26.238259, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.199909, "energy": 17.75656, "activity_lines": [ 66.482289, 66.972618, 66.986037, 66.457107 ] }, { "date": "2026-08-14", "close": 59.099998, "volume": 438525, "typical_volume": 70913.95, "trend": 65.699125, "fair_value": 75.106744, "relative_strength": -37.474442, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.716039, "energy": 38.509684, "activity_lines": [ 64.079999, 65.442498, 66.288851, 66.014498 ] } ], "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." } } }