{ "ticker": { "uuid": "d30e321f-bcaa-4abe-aa37-55dd5b39abc8", "symbol": "4755", "name": "San Fu Chemical Co., Ltd.", "exchange": "TAI", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 91.9, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.845, "architecture_energy": 72.263, "architecture_maturity": 11.459, "architecture_confidence": 83.606, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 15.01, "rotation_up": 9.66, "upward_expansion": 16.51, "deceleration": 37.24, "rotation_down": 74.4, "downward_expansion": 92.17 }, "activity_lines": [ 115.366667, 120.781557, 128.621256, 132.16736 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 118.0, "trend_reference": 133.823549, "distance_from_trend": -0.118242, "trend_direction": "Improving", "fair_value": 121.242377, "distance_from_fair_value": -0.026743, "fair_value_direction": "Weakening", "relative_strength": -31.702208, "relative_strength_direction": "Weakening", "price_momentum": -0.041779, "excess_performance": -0.483151, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.118242, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.061952, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.026743, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.12039, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.317022, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.075749, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.041779, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.058358, "read": "Demand-led" } ], "volume": { "latest": 1041067, "relative_activity": 0.319279, "balance": 1.058358, "dry_up": 0.580385, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.11, "annualized_volatility": 0.514966, "from_high_reference": -0.326583, "from_low_reference": 0.269267 }, "levels": { "trend_reference": 133.823549, "fair_value_reference": 121.242377, "structural_low": 101.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.021781, "positive_rate": 0.6, "directional_follow_through": 0.35, "median_excess_return": -0.00364, "regime_survival": 0.7, "best_return": 0.129464, "worst_return": -0.160839, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.019791, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.02649, "regime_survival": 0.5, "best_return": 0.419512, "worst_return": -0.097902, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.082599, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.153709, "regime_survival": 0.2, "best_return": 0.419512, "worst_return": -0.118881, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.020563, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.345476, "regime_survival": 0.333333, "best_return": -0.020388, "worst_return": -0.153954, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-06-27", "tenure": "Established", "return": -0.048725, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-18", "tenure": "New", "return": 0.017778, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.1, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-10-17", "tenure": "Developing", "return": -0.059289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": -0.022831, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-05", "tenure": "New", "return": -0.097674, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-23", "tenure": "Developing", "return": 0.229268, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-03-06", "tenure": "Developing", "return": 0.200803, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-04-10", "tenure": "Developing", "return": -0.185841, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": -0.016502, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-19", "tenure": "Developing", "return": 0.046763, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": -0.022958, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.012931, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 125.444107, "volume": 2398637, "typical_volume": 4653274.1, "trend": 120.039145, "fair_value": 94.070261, "relative_strength": -0.690693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.849187, "energy": 42.362446, "activity_lines": [ 135.036893, 133.425159, 128.275981, 124.643598 ] }, { "date": "2023-08-18", "close": 120.832191, "volume": 1400278, "typical_volume": 4574627.05, "trend": 120.539194, "fair_value": 94.429954, "relative_strength": -2.834685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.409104, "energy": 20.978478, "activity_lines": [ 129.963786, 131.437876, 127.961686, 124.694762 ] }, { "date": "2023-08-25", "close": 120.832191, "volume": 650128, "typical_volume": 4587177.35, "trend": 121.054005, "fair_value": 94.817714, "relative_strength": -2.988783, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.901501, "energy": 18.155629, "activity_lines": [ 125.628585, 129.475726, 127.620236, 124.713665 ] }, { "date": "2023-09-01", "close": 122.676964, "volume": 550355, "typical_volume": 4553681.85, "trend": 121.320343, "fair_value": 95.248427, "relative_strength": -1.992206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.114435, "energy": 22.857819, "activity_lines": [ 123.138152, 128.08345, 127.425216, 124.818372 ] }, { "date": "2023-09-08", "close": 124.060532, "volume": 899147, "typical_volume": 4168767.35, "trend": 121.736121, "fair_value": 95.694133, "relative_strength": -0.182076, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.996153, "energy": 18.150798, "activity_lines": [ 122.707705, 127.079242, 127.33024, 124.995159 ] }, { "date": "2023-09-15", "close": 124.521721, "volume": 577801, "typical_volume": 3305816.0, "trend": 122.034431, "fair_value": 96.136161, "relative_strength": -1.533889, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.296867, "energy": 14.558872, "activity_lines": [ 123.29188, 126.173629, 127.234551, 125.174875 ] }, { "date": "2023-09-22", "close": 125.444107, "volume": 492426, "typical_volume": 3199271.75, "trend": 122.348726, "fair_value": 96.586143, "relative_strength": 2.900098, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.458501, "energy": 9.93213, "activity_lines": [ 124.245009, 125.469264, 127.209396, 125.394854 ] }, { "date": "2023-09-29", "close": 124.521721, "volume": 358150, "typical_volume": 3077193.35, "trend": 122.617516, "fair_value": 97.044501, "relative_strength": 2.261182, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.138146, "energy": 7.111241, "activity_lines": [ 124.583215, 124.714586, 127.064147, 125.535047 ] }, { "date": "2023-10-06", "close": 126.827675, "volume": 524112, "typical_volume": 2981640.7, "trend": 123.125532, "fair_value": 97.501821, "relative_strength": 3.166899, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.942968, "energy": 10.757236, "activity_lines": [ 125.444104, 124.647502, 127.089571, 125.80667 ] }, { "date": "2023-10-13", "close": 123.138145, "volume": 451123, "typical_volume": 2960694.3, "trend": 123.628647, "fair_value": 97.971722, "relative_strength": -1.357233, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.255631, "energy": 8.887426, "activity_lines": [ 124.798435, 124.270163, 126.720558, 125.807484 ] }, { "date": "2023-10-20", "close": 121.754578, "volume": 782016, "typical_volume": 2960850.3, "trend": 123.908519, "fair_value": 98.415914, "relative_strength": -0.442415, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.937924, "energy": 13.029647, "activity_lines": [ 123.75307, 123.892825, 126.183749, 125.686576 ] }, { "date": "2023-10-27", "close": 115.759087, "volume": 2620168, "typical_volume": 2967458.9, "trend": 123.929501, "fair_value": 98.812487, "relative_strength": -3.434387, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.010769, "energy": 39.436648, "activity_lines": [ 120.893684, 122.49248, 125.054937, 125.160806 ] }, { "date": "2023-11-03", "close": 115.759087, "volume": 644193, "typical_volume": 2595284.95, "trend": 123.965243, "fair_value": 99.203958, "relative_strength": -5.587151, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.257472, "energy": 57.645723, "activity_lines": [ 118.679965, 121.184374, 123.956865, 124.633683 ] }, { "date": "2023-11-10", "close": 112.991936, "volume": 717258, "typical_volume": 2373812.25, "trend": 123.864466, "fair_value": 99.573098, "relative_strength": -8.692335, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.316231, "energy": 68.24666, "activity_lines": [ 116.128039, 119.465387, 122.680819, 123.925728 ] }, { "date": "2023-11-17", "close": 118.987427, "volume": 894214, "typical_volume": 2318415.3, "trend": 124.00782, "fair_value": 99.977624, "relative_strength": -6.655784, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.990669, "energy": 70.70332, "activity_lines": [ 116.496993, 119.012582, 122.057644, 123.61108 ] }, { "date": "2023-11-24", "close": 118.065041, "volume": 598103, "typical_volume": 2180119.5, "trend": 123.913784, "fair_value": 100.381468, "relative_strength": -7.739223, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.400298, "energy": 61.5519, "activity_lines": [ 116.835199, 118.484308, 121.374641, 123.227675 ] }, { "date": "2023-12-01", "close": 119.448616, "volume": 902718, "typical_volume": 2006933.6, "trend": 123.939669, "fair_value": 100.791565, "relative_strength": -7.441487, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.66574, "energy": 37.250537, "activity_lines": [ 117.880566, 118.324987, 120.862938, 122.939599 ] }, { "date": "2023-12-08", "close": 115.29789, "volume": 867280, "typical_volume": 1521950.15, "trend": 123.974798, "fair_value": 101.160936, "relative_strength": -10.145229, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.000366, "energy": 35.58158, "activity_lines": [ 117.296388, 117.519997, 120.015223, 122.382065 ] }, { "date": "2023-12-15", "close": 115.29789, "volume": 567456, "typical_volume": 1196564.3, "trend": 123.891845, "fair_value": 101.537628, "relative_strength": -11.247505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.040221, "energy": 37.472223, "activity_lines": [ 116.742958, 116.882714, 119.281709, 121.822265 ] }, { "date": "2023-12-22", "close": 112.991936, "volume": 514315, "typical_volume": 870493.9, "trend": 123.805829, "fair_value": 101.920456, "relative_strength": -12.309903, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.932959, "energy": 44.178966, "activity_lines": [ 115.267146, 116.035799, 118.477918, 121.119045 ] }, { "date": "2023-12-29", "close": 115.759087, "volume": 455106, "typical_volume": 773317.35, "trend": 123.75301, "fair_value": 102.315269, "relative_strength": -11.621189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.50062, "energy": 48.082207, "activity_lines": [ 115.113416, 115.876479, 118.051865, 120.5999 ] }, { "date": "2024-01-05", "close": 115.29789, "volume": 1785245, "typical_volume": 792565.7, "trend": 123.522455, "fair_value": 102.709218, "relative_strength": -9.756914, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.398539, "energy": 37.793209, "activity_lines": [ 114.959685, 115.742313, 117.628008, 120.054409 ] }, { "date": "2024-01-12", "close": 114.375511, "volume": 1055477, "typical_volume": 812833.15, "trend": 122.877389, "fair_value": 103.0983, "relative_strength": -10.249684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.296289, "energy": 36.655764, "activity_lines": [ 114.775209, 115.448828, 117.142659, 119.464283 ] }, { "date": "2024-01-19", "close": 112.530739, "volume": 624494, "typical_volume": 816540.1, "trend": 122.288912, "fair_value": 103.479741, "relative_strength": -12.360276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.63178, "energy": 37.295236, "activity_lines": [ 114.037301, 114.845085, 116.512363, 118.796757 ] }, { "date": "2024-01-26", "close": 118.987427, "volume": 2759487, "typical_volume": 909557.1, "trend": 122.092781, "fair_value": 103.905707, "relative_strength": -8.83876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.516978, "energy": 22.785201, "activity_lines": [ 115.636099, 115.423672, 116.545306, 118.583758 ] }, { "date": "2024-02-02", "close": 120.371002, "volume": 1407422, "typical_volume": 951038.15, "trend": 121.892932, "fair_value": 104.350479, "relative_strength": -7.942872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.120447, "energy": 11.589832, "activity_lines": [ 117.29639, 116.253817, 116.734175, 118.472676 ] }, { "date": "2024-02-09", "close": 119.909805, "volume": 301295, "typical_volume": 941481.6, "trend": 121.493233, "fair_value": 104.798047, "relative_strength": -8.349016, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.827691, "energy": 10.92016, "activity_lines": [ 118.495487, 116.958182, 116.898886, 118.344732 ] }, { "date": "2024-02-16", "close": 123.138145, "volume": 1582260, "typical_volume": 1002687.1, "trend": 120.955176, "fair_value": 105.288796, "relative_strength": -8.260117, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.418311, "energy": 22.194554, "activity_lines": [ 120.463236, 118.241132, 117.397412, 118.450856 ] }, { "date": "2024-02-23", "close": 125.444107, "volume": 3645983, "typical_volume": 1158780.65, "trend": 120.248015, "fair_value": 105.777069, "relative_strength": -7.729977, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.692528, "energy": 43.449798, "activity_lines": [ 122.615464, 119.800798, 118.122141, 118.740464 ] }, { "date": "2024-03-01", "close": 140.20224, "volume": 15740179, "typical_volume": 1923233.45, "trend": 120.355626, "fair_value": 106.341643, "relative_strength": 2.886498, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 64.986449, "energy": 73.975118, "activity_lines": [ 128.826178, 123.859285, 120.258996, 120.027833 ] }, { "date": "2024-03-08", "close": 132.361984, "volume": 10586365, "typical_volume": 2413450.9, "trend": 120.586222, "fair_value": 106.865372, "relative_strength": -6.913314, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.862142, "energy": 76.086584, "activity_lines": [ 131.009153, 125.997537, 121.567902, 120.802437 ] }, { "date": "2024-03-15", "close": 136.512711, "volume": 2335420, "typical_volume": 2399213.5, "trend": 121.108906, "fair_value": 107.411001, "relative_strength": -3.478197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.819114, "energy": 79.951676, "activity_lines": [ 133.776305, 128.588597, 123.221604, 121.829952 ] }, { "date": "2024-03-22", "close": 139.741058, "volume": 3049077, "typical_volume": 2519457.7, "trend": 121.739202, "fair_value": 107.968436, "relative_strength": -3.806862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.515662, "energy": 81.964472, "activity_lines": [ 136.512712, 131.380904, 125.08394, 123.032027 ] }, { "date": "2024-03-29", "close": 145.275345, "volume": 10115689, "typical_volume": 2989379.25, "trend": 122.492481, "fair_value": 108.567098, "relative_strength": -0.296647, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.957452, "energy": 76.705854, "activity_lines": [ 139.98702, 134.718254, 127.359152, 124.550488 ] }, { "date": "2024-04-05", "close": 145.275345, "volume": 2105254, "typical_volume": 3049931.25, "trend": 123.199642, "fair_value": 109.162623, "relative_strength": -0.481868, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.777813, "energy": 79.674968, "activity_lines": [ 142.139246, 137.460247, 129.480633, 126.02035 ] }, { "date": "2024-04-12", "close": 136.051514, "volume": 3152886, "typical_volume": 3177670.4, "trend": 123.583968, "fair_value": 109.680196, "relative_strength": -8.416444, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.307532, "energy": 55.619803, "activity_lines": [ 140.878654, 138.047218, 130.598474, 126.849503 ] }, { "date": "2024-04-19", "close": 132.823166, "volume": 3308750, "typical_volume": 3297972.0, "trend": 123.829937, "fair_value": 110.17655, "relative_strength": -4.911844, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.131347, "energy": 43.763266, "activity_lines": [ 138.295978, 137.762116, 131.323203, 127.44558 ] }, { "date": "2024-04-26", "close": 131.900787, "volume": 1356251, "typical_volume": 3322420.55, "trend": 124.075906, "fair_value": 110.667515, "relative_strength": -8.059451, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.274696, "energy": 28.553249, "activity_lines": [ 135.651812, 137.074521, 131.896398, 127.96628 ] }, { "date": "2024-05-03", "close": 132.823166, "volume": 1162584, "typical_volume": 3352176.95, "trend": 124.275755, "fair_value": 111.160732, "relative_strength": -8.108967, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.907446, "energy": 22.748799, "activity_lines": [ 133.83779, 136.39531, 132.478377, 128.530619 ] }, { "date": "2024-05-10", "close": 136.051514, "volume": 1325338, "typical_volume": 3392728.1, "trend": 124.706201, "fair_value": 111.673075, "relative_strength": -7.395607, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.238688, "energy": 20.330247, "activity_lines": [ 133.930029, 136.168907, 133.284364, 129.290346 ] }, { "date": "2024-05-17", "close": 132.361984, "volume": 663316, "typical_volume": 3403138.6, "trend": 125.059781, "fair_value": 112.177455, "relative_strength": -11.984359, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.68218, "energy": 17.645268, "activity_lines": [ 133.407348, 135.347147, 133.62916, 129.784267 ] }, { "date": "2024-05-24", "close": 129.133636, "volume": 1004747, "typical_volume": 3364113.7, "trend": 125.5056, "fair_value": 112.687287, "relative_strength": -15.118949, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.459387, "energy": 14.423705, "activity_lines": [ 132.054518, 133.938416, 133.587433, 130.047097 ] }, { "date": "2024-05-31", "close": 130.517212, "volume": 873132, "typical_volume": 3354996.45, "trend": 125.997537, "fair_value": 113.203897, "relative_strength": -12.419585, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.800133, "energy": 11.359435, "activity_lines": [ 131.40885, 132.915409, 133.61159, 130.370426 ] }, { "date": "2024-06-07", "close": 125.905296, "volume": 1028726, "typical_volume": 3375208.05, "trend": 126.427982, "fair_value": 113.682054, "relative_strength": -17.826954, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.790438, "energy": 12.803271, "activity_lines": [ 129.318115, 131.221578, 133.119652, 130.364475 ] }, { "date": "2024-06-14", "close": 129.133636, "volume": 523401, "typical_volume": 3263403.75, "trend": 126.766189, "fair_value": 114.179336, "relative_strength": -17.689582, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.466181, "energy": 15.685483, "activity_lines": [ 128.764684, 130.4669, 132.871487, 130.539034 ] }, { "date": "2024-06-21", "close": 130.978409, "volume": 694204, "typical_volume": 3227742.85, "trend": 127.196635, "fair_value": 114.686874, "relative_strength": -18.768007, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 7.805209, "energy": 15.299188, "activity_lines": [ 129.287369, 130.341122, 132.750699, 130.81079 ] }, { "date": "2024-06-28", "close": 129.133636, "volume": 639696, "typical_volume": 3244662.9, "trend": 127.519469, "fair_value": 115.182064, "relative_strength": -18.743072, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.54303, "energy": 14.95798, "activity_lines": [ 129.287369, 129.972168, 132.403707, 130.935758 ] }, { "date": "2024-07-05", "close": 135.129135, "volume": 1100413, "typical_volume": 3220570.55, "trend": 128.18051, "fair_value": 115.715164, "relative_strength": -16.432948, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.600735, "energy": 15.782736, "activity_lines": [ 131.285868, 130.760388, 132.583791, 131.426704 ] }, { "date": "2024-07-12", "close": 135.46077, "volume": 3358046, "typical_volume": 3206173.7, "trend": 128.852606, "fair_value": 116.245161, "relative_strength": -17.03263, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.713545, "energy": 21.596879, "activity_lines": [ 133.08745, 131.550207, 132.738361, 131.896398 ] }, { "date": "2024-07-19", "close": 131.212875, "volume": 1047553, "typical_volume": 2471542.4, "trend": 129.459971, "fair_value": 116.750019, "relative_strength": -15.370879, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.589713, "energy": 17.395717, "activity_lines": [ 132.836036, 131.519726, 132.44067, 132.048673 ] }, { "date": "2024-07-26", "close": 125.077003, "volume": 816146, "typical_volume": 1983031.45, "trend": 129.770568, "fair_value": 117.21293, "relative_strength": -15.918793, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -10.22837, "energy": 6.866471, "activity_lines": [ 130.400715, 130.461607, 131.601417, 131.765901 ] }, { "date": "2024-08-02", "close": 117.997185, "volume": 1492749, "typical_volume": 1940897.9, "trend": 129.860545, "fair_value": 117.62607, "relative_strength": -18.288462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.022607, "energy": 46.189083, "activity_lines": [ 125.998882, 128.248702, 130.122586, 131.006328 ] }, { "date": "2024-08-09", "close": 110.917351, "volume": 1549532, "typical_volume": 1865920.65, "trend": 129.745273, "fair_value": 118.002601, "relative_strength": -22.04939, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.308527, "energy": 67.917164, "activity_lines": [ 119.979535, 124.951036, 128.057654, 129.784187 ] }, { "date": "2024-08-16", "close": 114.221268, "volume": 618451, "typical_volume": 1391058.75, "trend": 129.801624, "fair_value": 118.393182, "relative_strength": -22.379124, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.877911, "energy": 79.41292, "activity_lines": [ 116.675612, 122.610443, 126.444637, 128.782638 ] }, { "date": "2024-08-23", "close": 122.245079, "volume": 6803490, "typical_volume": 1625970.55, "trend": 129.910212, "fair_value": 118.839036, "relative_strength": -15.762881, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.21259, "energy": 72.268836, "activity_lines": [ 117.46226, 121.941161, 125.743669, 128.295119 ] }, { "date": "2024-08-30", "close": 124.133034, "volume": 3259405, "typical_volume": 1631296.5, "trend": 130.035613, "fair_value": 119.306863, "relative_strength": -14.433434, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.592333, "energy": 55.188652, "activity_lines": [ 119.476078, 121.740391, 125.332174, 127.922398 ] }, { "date": "2024-09-06", "close": 117.053207, "volume": 1416659, "typical_volume": 1536691.95, "trend": 129.940393, "fair_value": 119.718339, "relative_strength": -15.674756, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.974404, "energy": 38.26116, "activity_lines": [ 119.192886, 120.37684, 124.303165, 127.084823 ] }, { "date": "2024-09-13", "close": 121.773087, "volume": 878077, "typical_volume": 1512783.25, "trend": 129.894891, "fair_value": 120.153491, "relative_strength": -13.127887, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.499955, "energy": 23.027331, "activity_lines": [ 120.545919, 120.091094, 123.798762, 126.5579 ] }, { "date": "2024-09-20", "close": 133.572815, "volume": 6782081, "typical_volume": 1793758.1, "trend": 130.165848, "fair_value": 120.652767, "relative_strength": -5.966741, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.301341, "energy": 13.064995, "activity_lines": [ 125.108479, 122.193591, 124.466371, 126.795186 ] }, { "date": "2024-09-27", "close": 131.68486, "volume": 2653742, "typical_volume": 1860178.3, "trend": 129.881936, "fair_value": 121.123492, "relative_strength": -9.489576, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.644752, "energy": 14.541428, "activity_lines": [ 127.751618, 123.987149, 124.950605, 126.893186 ] }, { "date": "2024-10-04", "close": 127.436951, "volume": 704676, "typical_volume": 1862246.3, "trend": 129.717768, "fair_value": 121.557665, "relative_strength": -9.832799, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.47559, "energy": 19.730354, "activity_lines": [ 128.349468, 124.999778, 125.051069, 126.735445 ] }, { "date": "2024-10-11", "close": 118.46917, "volume": 1205994, "typical_volume": 1872308.65, "trend": 129.116316, "fair_value": 121.956285, "relative_strength": -17.830351, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.234063, "energy": 18.431228, "activity_lines": [ 125.737797, 124.338994, 124.320912, 126.009729 ] }, { "date": "2024-10-18", "close": 118.941162, "volume": 737200, "typical_volume": 1865512.05, "trend": 128.422987, "fair_value": 122.347512, "relative_strength": -18.980425, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.169467, "energy": 18.058275, "activity_lines": [ 123.189059, 123.755445, 123.686489, 125.353268 ] }, { "date": "2024-10-25", "close": 125.548996, "volume": 3372941, "typical_volume": 1982722.8, "trend": 127.765442, "fair_value": 122.775066, "relative_strength": -13.492481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.891064, "energy": 17.549122, "activity_lines": [ 123.031727, 124.227432, 123.736508, 125.167849 ] }, { "date": "2024-11-01", "close": 122.245079, "volume": 904639, "typical_volume": 2001784.7, "trend": 126.997766, "fair_value": 123.174861, "relative_strength": -13.225475, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.124863, "energy": 21.984683, "activity_lines": [ 122.30801, 123.892749, 123.473565, 124.811697 ] }, { "date": "2024-11-08", "close": 119.885139, "volume": 676296, "typical_volume": 2000889.3, "trend": 126.458887, "fair_value": 123.562269, "relative_strength": -17.26335, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.203258, "energy": 30.515046, "activity_lines": [ 121.426966, 123.128986, 123.018669, 124.352817 ] }, { "date": "2024-11-15", "close": 114.221268, "volume": 1023400, "typical_volume": 2020074.5, "trend": 125.838824, "fair_value": 123.820704, "relative_strength": -17.875064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.988071, "energy": 43.49291, "activity_lines": [ 119.161419, 121.412663, 122.077181, 123.563294 ] }, { "date": "2024-11-22", "close": 115.637238, "volume": 766463, "typical_volume": 2003377.0, "trend": 125.296705, "fair_value": 124.104117, "relative_strength": -16.978493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.694585, "energy": 50.960866, "activity_lines": [ 117.651056, 120.005278, 121.341558, 122.905127 ] }, { "date": "2024-11-29", "close": 126.492973, "volume": 4942107, "typical_volume": 2082580.05, "trend": 125.085699, "fair_value": 124.465891, "relative_strength": -6.220115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.107176, "energy": 25.856377, "activity_lines": [ 119.979532, 120.683225, 121.732634, 122.982305 ] }, { "date": "2024-12-06", "close": 133.100815, "volume": 7623360, "typical_volume": 2411370.4, "trend": 124.987342, "fair_value": 124.8777, "relative_strength": -5.011815, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.134111, "energy": 6.255328, "activity_lines": [ 124.44769, 122.691321, 122.795732, 123.49941 ] }, { "date": "2024-12-13", "close": 125.077003, "volume": 2250657, "typical_volume": 2483095.95, "trend": 124.74451, "fair_value": 125.198595, "relative_strength": -9.754857, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.754635, "energy": 10.070685, "activity_lines": [ 125.517529, 123.214798, 123.085667, 123.505194 ] }, { "date": "2024-12-20", "close": 122.245079, "volume": 1677364, "typical_volume": 2492326.7, "trend": 124.514891, "fair_value": 125.406476, "relative_strength": -9.512592, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.157465, "energy": 12.858472, "activity_lines": [ 125.297269, 123.266288, 123.105895, 123.343941 ] }, { "date": "2024-12-27", "close": 122.717064, "volume": 664665, "typical_volume": 2448083.35, "trend": 124.254886, "fair_value": 125.579, "relative_strength": -11.815992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.481041, "energy": 9.282854, "activity_lines": [ 124.699417, 123.334941, 123.150846, 123.227952 ] }, { "date": "2025-01-03", "close": 121.773087, "volume": 333227, "typical_volume": 2433822.15, "trend": 124.117146, "fair_value": 125.583717, "relative_strength": -10.727604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.589544, "energy": 8.83056, "activity_lines": [ 123.314917, 123.163308, 123.049706, 123.067836 ] }, { "date": "2025-01-10", "close": 115.165245, "volume": 1407724, "typical_volume": 2164033.85, "trend": 123.651533, "fair_value": 125.365129, "relative_strength": -15.535413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.004145, "energy": 30.427812, "activity_lines": [ 120.042462, 121.858903, 122.283286, 122.490294 ] }, { "date": "2025-01-17", "close": 114.221268, "volume": 811349, "typical_volume": 2041631.05, "trend": 123.092961, "fair_value": 125.236446, "relative_strength": -16.332416, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.843569, "energy": 44.227577, "activity_lines": [ 117.651053, 120.51159, 121.460677, 121.88189 ] }, { "date": "2025-01-24", "close": 116.581207, "volume": 244084, "typical_volume": 1983002.3, "trend": 122.674547, "fair_value": 125.174983, "relative_strength": -15.517056, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.246558, "energy": 50.242418, "activity_lines": [ 116.770005, 119.696336, 120.910022, 121.461776 ] }, { "date": "2025-02-07", "close": 115.637238, "volume": 345055, "typical_volume": 1956351.2, "trend": 122.024817, "fair_value": 125.200683, "relative_strength": -15.551178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.157421, "energy": 56.372371, "activity_lines": [ 115.951893, 118.666543, 120.271714, 121.007756 ] }, { "date": "2025-02-14", "close": 115.165245, "volume": 471000, "typical_volume": 1640797.15, "trend": 121.3483, "fair_value": 125.223358, "relative_strength": -14.245731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.542231, "energy": 50.200276, "activity_lines": [ 115.448439, 117.550934, 119.617672, 120.565203 ] }, { "date": "2025-02-21", "close": 118.46917, "volume": 697168, "typical_volume": 1542968.45, "trend": 120.92351, "fair_value": 125.157547, "relative_strength": -13.466559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.572739, "energy": 31.956126, "activity_lines": [ 116.486815, 117.241996, 119.365945, 120.379453 ] }, { "date": "2025-02-28", "close": 113.749283, "volume": 657000, "typical_volume": 1540584.65, "trend": 120.545919, "fair_value": 125.04503, "relative_strength": -13.984498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.465231, "energy": 33.2961, "activity_lines": [ 115.731634, 116.340928, 118.727637, 119.9166 ] }, { "date": "2025-03-07", "close": 116.109222, "volume": 1047569, "typical_volume": 1532663.4, "trend": 120.482987, "fair_value": 125.007957, "relative_strength": -9.65967, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.103771, "energy": 28.505036, "activity_lines": [ 115.794565, 116.074897, 118.379264, 119.630361 ] }, { "date": "2025-03-14", "close": 112.333313, "volume": 533355, "typical_volume": 1522471.15, "trend": 120.530186, "fair_value": 124.889105, "relative_strength": -9.697616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.8288, "energy": 38.464805, "activity_lines": [ 114.630326, 115.233899, 117.682519, 119.104576 ] }, { "date": "2025-03-21", "close": 113.27729, "volume": 620116, "typical_volume": 1384829.9, "trend": 120.49872, "fair_value": 124.779046, "relative_strength": -9.3622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.873776, "energy": 50.676164, "activity_lines": [ 114.001007, 114.753329, 117.107142, 118.636647 ] }, { "date": "2025-03-28", "close": 106.669449, "volume": 782077, "typical_volume": 1378701.8, "trend": 119.979532, "fair_value": 124.453907, "relative_strength": -11.659486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.160098, "energy": 67.812425, "activity_lines": [ 111.294938, 113.225801, 115.960884, 117.744436 ] }, { "date": "2025-04-04", "close": 103.837517, "volume": 488040, "typical_volume": 1369289.0, "trend": 119.303015, "fair_value": 124.036591, "relative_strength": -12.084101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.093255, "energy": 77.945209, "activity_lines": [ 108.43154, 111.337847, 114.619087, 116.703016 ] }, { "date": "2025-04-11", "close": 89.205872, "volume": 1050247, "typical_volume": 1370631.35, "trend": 118.37477, "fair_value": 123.552898, "relative_strength": -16.886628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.528714, "energy": 88.524493, "activity_lines": [ 101.351711, 106.978388, 111.960218, 114.761265 ] }, { "date": "2025-04-18", "close": 96.285698, "volume": 393247, "typical_volume": 1351970.55, "trend": 117.525191, "fair_value": 123.065239, "relative_strength": -9.164306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.065438, "energy": 86.576675, "activity_lines": [ 98.425381, 104.403904, 110.094739, 113.336163 ] }, { "date": "2025-04-25", "close": 94.397743, "volume": 328095, "typical_volume": 1121269.95, "trend": 116.219355, "fair_value": 122.708043, "relative_strength": -12.454021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.790105, "energy": 88.130285, "activity_lines": [ 95.939574, 101.838002, 108.141605, 111.84407 ] }, { "date": "2025-05-02", "close": 97.229675, "volume": 225199, "typical_volume": 751361.9, "trend": 115.070849, "fair_value": 122.360775, "relative_strength": -13.218617, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.002874, "energy": 81.725925, "activity_lines": [ 95.65638, 100.164587, 106.611013, 110.618929 ] }, { "date": "2025-05-09", "close": 100.061607, "volume": 305580, "typical_volume": 654108.05, "trend": 114.158337, "fair_value": 122.050851, "relative_strength": -10.67757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.248766, "energy": 55.82323, "activity_lines": [ 96.946482, 99.392242, 105.520944, 109.650591 ] }, { "date": "2025-05-16", "close": 106.197464, "volume": 351169, "typical_volume": 587798.3, "trend": 113.74928, "fair_value": 121.766553, "relative_strength": -8.670424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.623611, "energy": 37.878975, "activity_lines": [ 100.533597, 99.984374, 105.134363, 109.136986 ] }, { "date": "2025-05-23", "close": 104.309509, "volume": 217293, "typical_volume": 565429.7, "trend": 113.261559, "fair_value": 121.478376, "relative_strength": -9.037927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.51892, "energy": 25.501613, "activity_lines": [ 102.358621, 100.413455, 104.644394, 108.527969 ] }, { "date": "2025-05-30", "close": 103.837517, "volume": 3080698, "typical_volume": 702803.25, "trend": 112.537843, "fair_value": 121.14605, "relative_strength": -7.779717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.316715, "energy": 22.505747, "activity_lines": [ 103.491393, 100.902607, 104.197128, 107.919966 ] }, { "date": "2025-06-06", "close": 104.309509, "volume": 430002, "typical_volume": 653917.15, "trend": 111.93999, "fair_value": 120.805783, "relative_strength": -8.249677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.348452, "energy": 22.248597, "activity_lines": [ 104.152178, 101.649207, 103.880222, 107.389106 ] }, { "date": "2025-06-13", "close": 104.781494, "volume": 519010, "typical_volume": 639300.2, "trend": 111.436535, "fair_value": 120.240987, "relative_strength": -9.219091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.7388, "energy": 18.20264, "activity_lines": [ 104.498303, 102.524532, 103.65996, 106.927267 ] }, { "date": "2025-06-20", "close": 102.421555, "volume": 201039, "typical_volume": 637147.95, "trend": 111.043212, "fair_value": 119.817335, "relative_strength": -10.795876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.184052, "energy": 15.844253, "activity_lines": [ 103.743121, 102.953613, 103.259894, 106.345656 ] }, { "date": "2025-06-27", "close": 110.002869, "volume": 742226, "typical_volume": 657006.5, "trend": 110.855399, "fair_value": 119.535497, "relative_strength": -6.196548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.97558, "energy": 8.21063, "activity_lines": [ 105.766772, 104.520829, 103.649285, 106.278537 ] }, { "date": "2025-07-04", "close": 109.516129, "volume": 730026, "typical_volume": 669957.8, "trend": 110.289505, "fair_value": 119.316337, "relative_strength": -6.216385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.931196, "energy": 10.749602, "activity_lines": [ 107.248619, 105.750145, 104.019149, 106.192132 ] }, { "date": "2025-07-11", "close": 107.569176, "volume": 349083, "typical_volume": 652553.55, "trend": 109.43845, "fair_value": 119.202587, "relative_strength": -8.364648, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.846948, "energy": 15.206474, "activity_lines": [ 107.702907, 106.350589, 104.23049, 106.016627 ] }, { "date": "2025-07-18", "close": 111.463081, "volume": 674369, "typical_volume": 653422.0, "trend": 108.984653, "fair_value": 119.136506, "relative_strength": -7.304426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.360834, "energy": 37.108534, "activity_lines": [ 109.237853, 107.471025, 104.864584, 106.147249 ] }, { "date": "2025-07-25", "close": 111.949821, "volume": 565140, "typical_volume": 629300.55, "trend": 108.641477, "fair_value": 119.06503, "relative_strength": -6.494117, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.44862, "energy": 41.000415, "activity_lines": [ 110.489606, 108.47266, 105.555921, 106.33855 ] }, { "date": "2025-08-01", "close": 110.976341, "volume": 359497, "typical_volume": 620607.65, "trend": 108.25012, "fair_value": 118.879451, "relative_strength": -7.264236, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.078588, "energy": 35.449099, "activity_lines": [ 110.781648, 109.19271, 106.174352, 106.489186 ] }, { "date": "2025-08-08", "close": 111.463081, "volume": 634208, "typical_volume": 621312.25, "trend": 107.906453, "fair_value": 118.742407, "relative_strength": -8.854055, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.591786, "energy": 32.63084, "activity_lines": [ 111.171038, 109.880043, 106.845601, 106.696474 ] }, { "date": "2025-08-15", "close": 116.817207, "volume": 805631, "typical_volume": 622489.95, "trend": 107.961518, "fair_value": 118.673747, "relative_strength": -5.574881, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.00569, "energy": 43.714368, "activity_lines": [ 113.21534, 111.402207, 108.035406, 107.271361 ] }, { "date": "2025-08-22", "close": 118.27742, "volume": 2417385, "typical_volume": 718957.2, "trend": 108.096723, "fair_value": 118.620124, "relative_strength": -2.051877, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.289725, "energy": 47.526942, "activity_lines": [ 115.129845, 112.962451, 109.315956, 107.936903 ] }, { "date": "2025-08-29", "close": 123.144806, "volume": 1123446, "typical_volume": 722617.15, "trend": 108.31551, "fair_value": 118.509709, "relative_strength": 0.171825, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.848155, "energy": 78.640646, "activity_lines": [ 118.212522, 115.162294, 110.991306, 108.907747 ] }, { "date": "2025-09-05", "close": 123.144806, "volume": 1310817, "typical_volume": 768495.65, "trend": 108.565762, "fair_value": 118.387939, "relative_strength": -0.691569, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.526512, "energy": 80.274558, "activity_lines": [ 120.548867, 116.985351, 112.505041, 109.864476 ] }, { "date": "2025-09-12", "close": 122.171326, "volume": 765666, "typical_volume": 790374.2, "trend": 108.799298, "fair_value": 118.359278, "relative_strength": -5.027098, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.811668, "energy": 76.606929, "activity_lines": [ 121.749488, 118.392468, 113.798163, 110.742255 ] }, { "date": "2025-09-19", "close": 125.578499, "volume": 700049, "typical_volume": 814116.7, "trend": 109.036276, "fair_value": 118.358133, "relative_strength": -2.519397, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.821507, "energy": 78.114205, "activity_lines": [ 123.37195, 120.188975, 115.283523, 111.824784 ] }, { "date": "2025-09-26", "close": 121.197853, "volume": 785500, "typical_volume": 838112.7, "trend": 109.284562, "fair_value": 118.345939, "relative_strength": -5.461441, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.421714, "energy": 55.208426, "activity_lines": [ 122.95011, 120.86156, 116.216685, 112.609401 ] }, { "date": "2025-10-03", "close": 121.684586, "volume": 412014, "typical_volume": 841154.95, "trend": 109.470407, "fair_value": 118.376604, "relative_strength": -8.841984, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.336036, "energy": 47.561441, "activity_lines": [ 122.49582, 121.445645, 117.095552, 113.409403 ] }, { "date": "2025-10-10", "close": 120.224373, "volume": 366224, "typical_volume": 848601.5, "trend": 109.733442, "fair_value": 118.466033, "relative_strength": -11.271804, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.661337, "energy": 41.125659, "activity_lines": [ 121.652139, 121.587242, 117.761604, 114.103207 ] }, { "date": "2025-10-17", "close": 115.843727, "volume": 766599, "typical_volume": 732896.55, "trend": 109.81899, "fair_value": 118.550089, "relative_strength": -14.197031, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.822482, "energy": 24.605878, "activity_lines": [ 119.542939, 120.764211, 117.934667, 114.497419 ] }, { "date": "2025-10-24", "close": 106.595703, "volume": 2106196, "typical_volume": 816706.25, "trend": 109.816532, "fair_value": 118.611763, "relative_strength": -21.341341, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.203724, "energy": 14.82119, "activity_lines": [ 114.772904, 118.180073, 117.169792, 114.289465 ] }, { "date": "2025-10-31", "close": 105.622223, "volume": 1074084, "typical_volume": 844459.95, "trend": 109.876022, "fair_value": 118.661519, "relative_strength": -23.506117, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.163869, "energy": 28.296117, "activity_lines": [ 110.943896, 115.604785, 116.301319, 114.018865 ] }, { "date": "2025-11-07", "close": 104.16201, "volume": 667002, "typical_volume": 867758.1, "trend": 110.37456, "fair_value": 118.744493, "relative_strength": -22.488574, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.745552, "energy": 44.654562, "activity_lines": [ 107.666525, 112.994097, 115.289774, 113.650219 ] }, { "date": "2025-11-14", "close": 104.648743, "volume": 371036, "typical_volume": 849198.6, "trend": 110.653328, "fair_value": 118.807879, "relative_strength": -21.007644, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.406064, "energy": 59.56957, "activity_lines": [ 105.71957, 110.817049, 114.316297, 113.280811 ] }, { "date": "2025-11-21", "close": 95.887459, "volume": 729091, "typical_volume": 849151.85, "trend": 110.702986, "fair_value": 118.752656, "relative_strength": -24.566953, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.637783, "energy": 74.251992, "activity_lines": [ 101.890563, 107.383331, 112.533908, 112.328174 ] }, { "date": "2025-11-28", "close": 97.834412, "volume": 431059, "typical_volume": 853250.65, "trend": 110.723144, "fair_value": 118.721267, "relative_strength": -25.908184, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.509578, "energy": 75.68889, "activity_lines": [ 100.040958, 104.781494, 111.001841, 111.497944 ] }, { "date": "2025-12-05", "close": 94.427238, "volume": 575227, "typical_volume": 848293.55, "trend": 110.535331, "fair_value": 118.668037, "relative_strength": -28.73271, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.852046, "energy": 89.403844, "activity_lines": [ 97.639714, 102.064608, 109.191638, 110.446595 ] }, { "date": "2025-12-12", "close": 99.781364, "volume": 866340, "typical_volume": 863353.55, "trend": 110.321461, "fair_value": 118.575328, "relative_strength": -24.597924, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.621608, "energy": 78.554995, "activity_lines": [ 97.769511, 100.807939, 107.972474, 109.752791 ] }, { "date": "2025-12-19", "close": 100.754837, "volume": 647226, "typical_volume": 877740.0, "trend": 110.202972, "fair_value": 118.454797, "relative_strength": -21.90865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.199388, "energy": 54.774941, "activity_lines": [ 98.515843, 100.126504, 106.903968, 109.135589 ] }, { "date": "2025-12-26", "close": 106.108963, "volume": 1022757, "typical_volume": 897167.45, "trend": 110.278687, "fair_value": 118.402649, "relative_strength": -19.666019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.41042, "energy": 38.995239, "activity_lines": [ 101.306476, 100.772539, 106.394051, 108.87146 ] }, { "date": "2026-01-02", "close": 108.055916, "volume": 561045, "typical_volume": 884938.15, "trend": 110.403567, "fair_value": 118.419752, "relative_strength": -19.874672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.749003, "energy": 24.607451, "activity_lines": [ 104.064661, 101.949561, 106.095055, 108.728055 ] }, { "date": "2026-01-09", "close": 109.029388, "volume": 1681116, "typical_volume": 848124.7, "trend": 110.545164, "fair_value": 118.465803, "relative_strength": -21.092886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.509216, "energy": 25.230169, "activity_lines": [ 106.465902, 103.277029, 105.930491, 108.639398 ] }, { "date": "2026-01-16", "close": 115.356987, "volume": 6408386, "typical_volume": 1112371.7, "trend": 110.976345, "fair_value": 118.526869, "relative_strength": -19.03523, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.332578, "energy": 20.048056, "activity_lines": [ 110.002867, 105.69302, 106.412593, 108.949838 ] }, { "date": "2026-01-23", "close": 122.658066, "volume": 4646937, "typical_volume": 1279177.7, "trend": 111.398185, "fair_value": 118.634737, "relative_strength": -15.004719, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 38.124167, "energy": 38.577624, "activity_lines": [ 114.935149, 109.232936, 107.627121, 109.703498 ] }, { "date": "2026-01-30", "close": 121.197853, "volume": 1732151, "typical_volume": 1327501.95, "trend": 111.787576, "fair_value": 118.736083, "relative_strength": -15.863067, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.678309, "energy": 39.751196, "activity_lines": [ 117.920479, 112.179916, 108.704899, 110.335735 ] }, { "date": "2026-02-06", "close": 123.144806, "volume": 1716198, "typical_volume": 1378309.4, "trend": 112.306763, "fair_value": 118.7903, "relative_strength": -13.36645, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.700804, "energy": 54.753745, "activity_lines": [ 120.548867, 115.020698, 109.972737, 111.068459 ] }, { "date": "2026-02-13", "close": 121.684586, "volume": 1234960, "typical_volume": 1400782.4, "trend": 112.64748, "fair_value": 118.855027, "relative_strength": -18.563193, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.611279, "energy": 53.527253, "activity_lines": [ 121.684589, 117.135797, 111.113095, 111.67348 ] }, { "date": "2026-02-27", "close": 144.074554, "volume": 4662033, "typical_volume": 1613283.35, "trend": 113.718304, "fair_value": 119.037733, "relative_strength": -8.136324, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.839045, "energy": 71.681523, "activity_lines": [ 129.439954, 122.826211, 114.383513, 113.701033 ] }, { "date": "2026-03-06", "close": 145.534775, "volume": 4086035, "typical_volume": 1799273.9, "trend": 114.870252, "fair_value": 119.226961, "relative_strength": -1.936091, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.139468, "energy": 82.353615, "activity_lines": [ 135.767554, 127.976789, 117.686381, 115.753709 ] }, { "date": "2026-03-13", "close": 165.004303, "volume": 9051541, "typical_volume": 2213521.0, "trend": 116.65496, "fair_value": 119.538155, "relative_strength": 11.944833, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.22705, "energy": 90.909745, "activity_lines": [ 147.059884, 135.853101, 122.722965, 118.988163 ] }, { "date": "2026-03-20", "close": 141.640854, "volume": 11015015, "typical_volume": 2658961.95, "trend": 117.482415, "fair_value": 119.730807, "relative_strength": -3.944097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.976233, "energy": 78.069671, "activity_lines": [ 147.643967, 138.410688, 125.300359, 120.600157 ] }, { "date": "2026-03-27", "close": 142.614334, "volume": 6480945, "typical_volume": 2929305.0, "trend": 118.293645, "fair_value": 119.952407, "relative_strength": -1.682893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.373446, "energy": 60.68863, "activity_lines": [ 147.319473, 140.534637, 127.803585, 122.221571 ] }, { "date": "2026-04-03", "close": 134.339783, "volume": 1962340, "typical_volume": 2994071.9, "trend": 118.666811, "fair_value": 120.086903, "relative_strength": -5.514083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.403497, "energy": 47.31662, "activity_lines": [ 142.84148, 140.543486, 129.342605, 123.256806 ] }, { "date": "2026-04-10", "close": 134.339783, "volume": 1949036, "typical_volume": 3072971.9, "trend": 119.039977, "fair_value": 120.210045, "relative_strength": -12.688532, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.370482, "energy": 28.128916, "activity_lines": [ 139.012471, 140.207194, 130.737921, 124.267965 ] }, { "date": "2026-04-17", "close": 147.48172, "volume": 5895591, "typical_volume": 3331296.9, "trend": 119.883657, "fair_value": 120.420269, "relative_strength": -7.52867, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.476673, "energy": 30.137765, "activity_lines": [ 140.31044, 142.04795, 133.243465, 126.102916 ] }, { "date": "2026-04-24", "close": 156.729752, "volume": 14738010, "typical_volume": 4046644.45, "trend": 120.922032, "fair_value": 120.681259, "relative_strength": -6.712966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.674974, "energy": 39.648073, "activity_lines": [ 145.859259, 145.092277, 136.384086, 128.480084 ] }, { "date": "2026-05-01", "close": 145.048035, "volume": 3576096, "typical_volume": 4196687.9, "trend": 121.717038, "fair_value": 120.875882, "relative_strength": -13.257437, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.6452, "energy": 37.561239, "activity_lines": [ 146.508246, 145.402021, 138.131709, 130.0366 ] }, { "date": "2026-05-08", "close": 135.313263, "volume": 3670819, "typical_volume": 4336911.85, "trend": 122.171327, "fair_value": 120.968364, "relative_strength": -23.800481, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.29625, "energy": 33.945337, "activity_lines": [ 143.750062, 143.517016, 138.71116, 130.913776 ] }, { "date": "2026-05-15", "close": 132.392838, "volume": 2586694, "typical_volume": 4433885.25, "trend": 122.576943, "fair_value": 121.056318, "relative_strength": -24.127339, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.187459, "energy": 22.381433, "activity_lines": [ 139.953505, 141.260321, 138.843275, 131.573228 ] }, { "date": "2026-05-22", "close": 142.614334, "volume": 2605262, "typical_volume": 4513010.5, "trend": 123.469296, "fair_value": 121.238179, "relative_strength": -19.846972, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.675254, "energy": 17.993601, "activity_lines": [ 139.693909, 141.101024, 139.798209, 132.865963 ] }, { "date": "2026-05-29", "close": 145.048035, "volume": 6728454, "typical_volume": 4821380.95, "trend": 124.75104, "fair_value": 121.412932, "relative_strength": -22.413064, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.798607, "energy": 18.645903, "activity_lines": [ 140.570039, 141.791309, 140.811089, 134.25814 ] }, { "date": "2026-06-05", "close": 143.587814, "volume": 2468489, "typical_volume": 4860749.6, "trend": 126.01656, "fair_value": 121.592518, "relative_strength": -23.176821, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.671733, "energy": 18.57328, "activity_lines": [ 141.73821, 142.15415, 141.508747, 135.473415 ] }, { "date": "2026-06-12", "close": 136.286743, "volume": 2568283, "typical_volume": 4668744.45, "trend": 127.087385, "fair_value": 121.713948, "relative_strength": -24.992396, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.268281, "energy": 15.902979, "activity_lines": [ 140.570039, 141.171824, 141.346501, 136.136008 ] }, { "date": "2026-06-19", "close": 141.640854, "volume": 1587422, "typical_volume": 4515768.7, "trend": 128.320455, "fair_value": 121.838476, "relative_strength": -25.304748, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.590978, "energy": 16.445333, "activity_lines": [ 141.121673, 141.127574, 141.594505, 137.074941 ] }, { "date": "2026-06-26", "close": 129.472397, "volume": 1716640, "typical_volume": 4514993.15, "trend": 129.439953, "fair_value": 121.8112, "relative_strength": -28.232563, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.594035, "energy": 6.991461, "activity_lines": [ 137.00062, 138.73813, 140.593214, 137.14926 ] }, { "date": "2026-07-03", "close": 133.0, "volume": 2458363, "typical_volume": 4552101.4, "trend": 130.612139, "fair_value": 121.829244, "relative_strength": -29.074577, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.957936, "energy": 12.597727, "activity_lines": [ 134.931563, 137.31751, 139.888483, 137.378941 ] }, { "date": "2026-07-10", "close": 131.5, "volume": 0, "typical_volume": 4490353.4, "trend": 131.847898, "fair_value": 121.871736, "relative_strength": -26.983856, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.66645, "energy": 16.630376, "activity_lines": [ 133.165709, 136.055614, 138.993965, 137.436222 ] }, { "date": "2026-07-17", "close": 126.5, "volume": 3132368, "typical_volume": 4413870.15, "trend": 132.738519, "fair_value": 121.872591, "relative_strength": -24.700039, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.33005, "energy": 31.007888, "activity_lines": [ 130.539043, 134.130954, 137.576517, 137.091196 ] }, { "date": "2026-07-24", "close": 116.0, "volume": 2587463, "typical_volume": 4338941.55, "trend": 133.246691, "fair_value": 121.770663, "relative_strength": -31.803215, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.995929, "energy": 55.060713, "activity_lines": [ 125.064826, 130.457445, 135.242757, 136.011292 ] }, { "date": "2026-07-31", "close": 108.0, "volume": 2507187, "typical_volume": 4011723.85, "trend": 133.309726, "fair_value": 121.570151, "relative_strength": -34.984717, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.737306, "energy": 67.323312, "activity_lines": [ 118.633333, 125.627442, 132.287734, 134.382473 ] }, { "date": "2026-08-07", "close": 114.5, "volume": 1434085, "typical_volume": 3532677.35, "trend": 133.524529, "fair_value": 121.364005, "relative_strength": -32.067818, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.958254, "energy": 75.016039, "activity_lines": [ 115.8, 122.608608, 130.223207, 133.168942 ] }, { "date": "2026-08-14", "close": 118.0, "volume": 1041067, "typical_volume": 3260683.45, "trend": 133.823549, "fair_value": 121.242377, "relative_strength": -31.702208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.845295, "energy": 72.262851, "activity_lines": [ 115.366667, 120.781557, 128.621256, 132.16736 ] } ], "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." } } }