{ "ticker": { "uuid": "d365616a-6d14-448e-84ec-7c49a4d34573", "symbol": "6504", "name": "Nan Liu Enterprise 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 84.205, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -8.65, "architecture_energy": 20.694, "architecture_maturity": 100.0, "architecture_confidence": 48.662, "architecture_tenure": "Extended", "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": 49.6, "rotation_up": 44.78, "upward_expansion": 34.81, "deceleration": 44.44, "rotation_down": 21.67, "downward_expansion": 45.48 }, "activity_lines": [ 38.460001, 37.67091, 37.625953, 38.211613 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 37.900002, "trend_reference": 39.073333, "distance_from_trend": -0.030029, "trend_direction": "Weakening", "fair_value": 58.404591, "distance_from_fair_value": -0.351078, "fair_value_direction": "Improving", "relative_strength": -36.722623, "relative_strength_direction": "Improving", "price_momentum": -0.082324, "excess_performance": -0.523696, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030029, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.043766, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.351078, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.024903, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.367226, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.098505, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.082324, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.019841, "read": "Demand-led" } ], "volume": { "latest": 127000, "relative_activity": 0.446665, "balance": 1.019841, "dry_up": 1.400818, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.051857, "annualized_volatility": 0.196463, "from_high_reference": -0.325125, "from_low_reference": 0.082857 }, "levels": { "trend_reference": 39.073333, "fair_value_reference": 58.404591, "structural_low": 35.0, "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": 43, "median_return": -0.01059, "positive_rate": 0.372093, "directional_follow_through": 0.627907, "median_excess_return": -0.037664, "regime_survival": 0.860465, "best_return": 0.202899, "worst_return": -0.190747, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.032037, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.050838, "regime_survival": 0.571429, "best_return": 0.088235, "worst_return": -0.14839, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.08926, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.141753, "regime_survival": 0.75, "best_return": 0.027781, "worst_return": -0.275818, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.210829, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.291194, "regime_survival": 0.75, "best_return": -0.019698, "worst_return": -0.372716, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-08-04", "end": "2023-08-25", "tenure": "New", "return": 0.034528, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-01", "end": "2023-09-15", "tenure": "New", "return": -0.005307, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-09-22", "end": "2023-11-24", "tenure": "Developing", "return": -0.035326, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2024-01-05", "tenure": "Developing", "return": -0.067938, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-12", "end": "2024-03-08", "tenure": "Developing", "return": -0.083547, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-03-15", "end": "2024-05-17", "tenure": "Developing", "return": 0.02213, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-06-28", "tenure": "Developing", "return": 0.017808, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-05", "end": "2024-07-12", "tenure": "New", "return": -0.03523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-19", "end": "2024-07-26", "tenure": "New", "return": -0.002865, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-09-20", "tenure": "Developing", "return": 0.021958, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-12-06", "tenure": "Developing", "return": -0.046413, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-06-06", "tenure": "Established", "return": -0.072948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-15", "tenure": "Developing", "return": -0.080342, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2026-08-14", "tenure": "Extended", "return": -0.238773, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 72.065979, "volume": 180212, "typical_volume": 320192.95, "trend": 74.528477, "fair_value": 112.489126, "relative_strength": -9.248499, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.671405, "energy": 49.497894, "activity_lines": [ 72.243691, 73.538981, 75.593805, 75.528378 ] }, { "date": "2023-08-18", "close": 74.065178, "volume": 425691, "typical_volume": 327227.5, "trend": 74.699836, "fair_value": 111.515712, "relative_strength": -5.293567, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.647029, "energy": 33.032991, "activity_lines": [ 72.776809, 73.378008, 75.362606, 75.498488 ] }, { "date": "2023-08-25", "close": 74.16037, "volume": 313020, "typical_volume": 334474.2, "trend": 74.896582, "fair_value": 110.263144, "relative_strength": -5.544837, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.706623, "energy": 24.112217, "activity_lines": [ 73.278192, 73.369353, 75.147274, 75.463684 ] }, { "date": "2023-09-01", "close": 73.398781, "volume": 233001, "typical_volume": 321802.35, "trend": 75.064767, "fair_value": 109.211404, "relative_strength": -7.128632, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.536376, "energy": 14.791774, "activity_lines": [ 73.443205, 73.26723, 74.871196, 75.367052 ] }, { "date": "2023-09-08", "close": 73.49398, "volume": 212029, "typical_volume": 316153.8, "trend": 75.236126, "fair_value": 108.165759, "relative_strength": -6.241281, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.339908, "energy": 10.726757, "activity_lines": [ 73.582831, 73.249922, 74.624584, 75.265711 ] }, { "date": "2023-09-15", "close": 73.009254, "volume": 142151, "typical_volume": 312256.3, "trend": 75.394502, "fair_value": 107.171862, "relative_strength": -8.371376, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.206647, "energy": 23.610042, "activity_lines": [ 73.440297, 73.198139, 74.344955, 75.122041 ] }, { "date": "2023-09-22", "close": 70.983894, "volume": 245054, "typical_volume": 312296.6, "trend": 75.437765, "fair_value": 106.200639, "relative_strength": -7.391318, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.142305, "energy": 44.852179, "activity_lines": [ 72.559757, 72.823271, 73.891062, 74.837486 ] }, { "date": "2023-09-29", "close": 70.887459, "volume": 159075, "typical_volume": 298042.75, "trend": 75.420694, "fair_value": 105.289139, "relative_strength": -7.240781, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.159363, "energy": 58.192671, "activity_lines": [ 71.852492, 72.469583, 73.462605, 74.543918 ] }, { "date": "2023-10-06", "close": 71.948349, "volume": 155002, "typical_volume": 283230.45, "trend": 75.334266, "fair_value": 104.354269, "relative_strength": -6.601955, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.183738, "energy": 53.146258, "activity_lines": [ 71.71705, 72.345791, 73.172076, 74.319896 ] }, { "date": "2023-10-13", "close": 70.983894, "volume": 75000, "typical_volume": 276546.2, "trend": 75.22521, "fair_value": 103.500985, "relative_strength": -9.020779, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.231923, "energy": 58.764548, "activity_lines": [ 71.356819, 72.057436, 72.831054, 74.039226 ] }, { "date": "2023-10-20", "close": 68.476318, "volume": 162015, "typical_volume": 275489.55, "trend": 75.042089, "fair_value": 102.65357, "relative_strength": -10.016723, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.537803, "energy": 69.897813, "activity_lines": [ 70.328068, 71.32591, 72.293542, 73.603814 ] }, { "date": "2023-10-27", "close": 68.09053, "volume": 120004, "typical_volume": 258786.45, "trend": 74.795334, "fair_value": 101.729626, "relative_strength": -8.490883, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.548469, "energy": 71.154413, "activity_lines": [ 69.472917, 70.589507, 71.774008, 73.155326 ] }, { "date": "2023-11-03", "close": 67.897652, "volume": 147210, "typical_volume": 239901.85, "trend": 74.50407, "fair_value": 100.873016, "relative_strength": -10.401992, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.179017, "energy": 77.983407, "activity_lines": [ 68.746365, 69.926665, 71.299915, 72.710315 ] }, { "date": "2023-11-10", "close": 67.897652, "volume": 238169, "typical_volume": 239436.35, "trend": 74.1779, "fair_value": 100.021891, "relative_strength": -10.95738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.028504, "energy": 78.959899, "activity_lines": [ 68.219133, 69.37769, 70.867431, 72.284094 ] }, { "date": "2023-11-17", "close": 68.09053, "volume": 316380, "typical_volume": 236095.35, "trend": 73.905759, "fair_value": 99.185717, "relative_strength": -13.122697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.791644, "energy": 77.623611, "activity_lines": [ 68.026239, 68.963805, 70.497192, 71.891361 ] }, { "date": "2023-11-24", "close": 68.476318, "volume": 386016, "typical_volume": 230036.15, "trend": 73.624265, "fair_value": 98.398642, "relative_strength": -12.772074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.125199, "energy": 64.674287, "activity_lines": [ 68.154833, 68.718308, 70.203479, 71.541074 ] }, { "date": "2023-12-01", "close": 80.917793, "volume": 5206158, "typical_volume": 474680.65, "trend": 73.71306, "fair_value": 97.809261, "relative_strength": 2.219569, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.85345, "energy": 14.192595, "activity_lines": [ 72.430586, 70.817314, 71.128081, 72.011624 ] }, { "date": "2023-12-08", "close": 76.674194, "volume": 1487275, "typical_volume": 534090.05, "trend": 73.647708, "fair_value": 97.206391, "relative_strength": -2.748157, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.953431, "energy": 32.115861, "activity_lines": [ 74.436654, 71.96414, 71.611367, 72.202665 ] }, { "date": "2023-12-15", "close": 75.999069, "volume": 591193, "typical_volume": 552582.75, "trend": 73.493213, "fair_value": 96.632107, "relative_strength": -5.02447, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.771368, "energy": 35.830684, "activity_lines": [ 75.632578, 72.883003, 72.012491, 72.354366 ] }, { "date": "2023-12-22", "close": 75.709732, "volume": 2304233, "typical_volume": 654944.4, "trend": 73.354459, "fair_value": 96.086139, "relative_strength": -4.818735, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.212872, "energy": 37.175342, "activity_lines": [ 76.191961, 73.67561, 72.369597, 72.497367 ] }, { "date": "2023-12-29", "close": 74.841721, "volume": 676805, "typical_volume": 679774.05, "trend": 73.183599, "fair_value": 95.567519, "relative_strength": -7.384237, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.88003, "energy": 42.814195, "activity_lines": [ 75.954061, 74.224472, 72.624871, 72.593319 ] }, { "date": "2024-01-05", "close": 75.420395, "volume": 1229106, "typical_volume": 719944.8, "trend": 72.981254, "fair_value": 95.069066, "relative_strength": -4.219934, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.935674, "energy": 24.225808, "activity_lines": [ 75.484692, 74.762813, 72.922039, 72.737629 ] }, { "date": "2024-01-12", "close": 75.034615, "volume": 474052, "typical_volume": 727996.4, "trend": 72.927889, "fair_value": 94.526999, "relative_strength": -4.439616, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.404913, "energy": 18.61454, "activity_lines": [ 75.253223, 75.097742, 73.176012, 72.870104 ] }, { "date": "2024-01-19", "close": 70.405228, "volume": 607110, "typical_volume": 746701.85, "trend": 72.704345, "fair_value": 93.957998, "relative_strength": -10.935778, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.064132, "energy": 11.749389, "activity_lines": [ 73.587931, 74.461201, 72.984929, 72.707351 ] }, { "date": "2024-01-26", "close": 69.633659, "volume": 253302, "typical_volume": 748765.5, "trend": 72.477295, "fair_value": 93.433422, "relative_strength": -13.184592, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.397363, "energy": 13.30178, "activity_lines": [ 72.038371, 73.638783, 72.734617, 72.509243 ] }, { "date": "2024-02-02", "close": 69.922997, "volume": 279512, "typical_volume": 755633.55, "trend": 72.291623, "fair_value": 92.932643, "relative_strength": -12.945907, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.059338, "energy": 17.584955, "activity_lines": [ 70.990329, 72.840915, 72.530244, 72.344449 ] }, { "date": "2024-02-09", "close": 69.440773, "volume": 85000, "typical_volume": 747630.85, "trend": 72.169209, "fair_value": 92.393116, "relative_strength": -13.513995, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.208109, "energy": 28.634584, "activity_lines": [ 70.10946, 71.929066, 72.294642, 72.160523 ] }, { "date": "2024-02-16", "close": 68.862106, "volume": 250000, "typical_volume": 752177.1, "trend": 72.033853, "fair_value": 91.877308, "relative_strength": -16.333861, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.089529, "energy": 41.918837, "activity_lines": [ 69.434344, 71.120679, 72.011276, 71.947162 ] }, { "date": "2024-02-23", "close": 71.176796, "volume": 692040, "typical_volume": 779029.0, "trend": 71.988347, "fair_value": 91.390051, "relative_strength": -14.542356, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.462863, "energy": 30.752243, "activity_lines": [ 69.942292, 70.875182, 71.958002, 71.891868 ] }, { "date": "2024-03-01", "close": 69.440773, "volume": 237169, "typical_volume": 787137.45, "trend": 71.913533, "fair_value": 90.908123, "relative_strength": -16.502086, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.772966, "energy": 35.124998, "activity_lines": [ 69.820127, 70.401722, 71.743066, 71.727508 ] }, { "date": "2024-03-08", "close": 68.765663, "volume": 476000, "typical_volume": 802836.7, "trend": 71.803522, "fair_value": 90.413639, "relative_strength": -20.401654, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.593437, "energy": 41.45801, "activity_lines": [ 69.485785, 69.919496, 71.471182, 71.52442 ] }, { "date": "2024-03-15", "close": 69.730118, "volume": 512091, "typical_volume": 822441.05, "trend": 71.65902, "fair_value": 89.925337, "relative_strength": -18.409941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.499428, "energy": 30.433984, "activity_lines": [ 69.550084, 69.723099, 71.289774, 71.390652 ] }, { "date": "2024-03-22", "close": 67.70475, "volume": 452075, "typical_volume": 837684.3, "trend": 71.443833, "fair_value": 89.349997, "relative_strength": -22.471122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.837459, "energy": 52.940303, "activity_lines": [ 68.91997, 69.261913, 70.907665, 71.135538 ] }, { "date": "2024-03-29", "close": 69.151428, "volume": 396000, "typical_volume": 845575.85, "trend": 71.302255, "fair_value": 88.80313, "relative_strength": -20.594557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.013425, "energy": 44.163622, "activity_lines": [ 68.84924, 69.19703, 70.664254, 70.987641 ] }, { "date": "2024-04-05", "close": 68.283432, "volume": 137275, "typical_volume": 836620.6, "trend": 71.12857, "fair_value": 88.256185, "relative_strength": -21.234611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.794383, "energy": 45.649865, "activity_lines": [ 68.624201, 68.997125, 70.332206, 70.792878 ] }, { "date": "2024-04-12", "close": 67.70475, "volume": 395045, "typical_volume": 837072.05, "trend": 70.951753, "fair_value": 87.70553, "relative_strength": -22.843716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.381095, "energy": 53.499283, "activity_lines": [ 68.283425, 68.716555, 69.944127, 70.571986 ] }, { "date": "2024-04-19", "close": 66.933197, "volume": 337000, "typical_volume": 593614.15, "trend": 70.81673, "fair_value": 87.166386, "relative_strength": -18.457769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.792102, "energy": 58.806443, "activity_lines": [ 67.756192, 68.336035, 69.486241, 70.312725 ] }, { "date": "2024-04-26", "close": 67.897652, "volume": 283020, "typical_volume": 533401.4, "trend": 70.717069, "fair_value": 86.655366, "relative_strength": -19.144176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.135126, "energy": 54.504948, "activity_lines": [ 67.736906, 68.176463, 69.186802, 70.124397 ] }, { "date": "2024-05-03", "close": 68.186974, "volume": 160647, "typical_volume": 511874.1, "trend": 70.59169, "fair_value": 86.157172, "relative_strength": -19.020481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.36627, "energy": 44.681025, "activity_lines": [ 67.8012, 68.087029, 68.956709, 69.961165 ] }, { "date": "2024-05-10", "close": 69.922997, "volume": 314040, "typical_volume": 412364.45, "trend": 70.556327, "fair_value": 85.67285, "relative_strength": -17.829544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.653562, "energy": 25.903741, "activity_lines": [ 68.508465, 68.367597, 68.929153, 69.918024 ] }, { "date": "2024-05-17", "close": 71.273239, "volume": 573518, "typical_volume": 407200.1, "trend": 70.649558, "fair_value": 85.216382, "relative_strength": -17.780172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.780568, "energy": 14.172781, "activity_lines": [ 69.556507, 68.884896, 69.057747, 69.964276 ] }, { "date": "2024-05-24", "close": 70.405228, "volume": 290507, "typical_volume": 360270.15, "trend": 70.726714, "fair_value": 84.661096, "relative_strength": -19.338258, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.583149, "energy": 16.565274, "activity_lines": [ 70.077312, 69.198782, 69.120666, 69.948513 ] }, { "date": "2024-05-31", "close": 70.501671, "volume": 298151, "typical_volume": 351475.1, "trend": 70.813515, "fair_value": 84.191454, "relative_strength": -17.162364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.438605, "energy": 19.53412, "activity_lines": [ 70.398797, 69.517929, 69.216652, 69.933994 ] }, { "date": "2024-06-07", "close": 70.694572, "volume": 214000, "typical_volume": 331819.6, "trend": 70.906746, "fair_value": 83.742248, "relative_strength": -18.918158, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.506187, "energy": 20.1152, "activity_lines": [ 70.61098, 69.821295, 69.352595, 69.92632 ] }, { "date": "2024-06-14", "close": 70.983894, "volume": 390366, "typical_volume": 338672.8, "trend": 71.003191, "fair_value": 83.289411, "relative_strength": -20.434122, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.872147, "energy": 23.10705, "activity_lines": [ 70.752431, 70.149208, 69.514715, 69.931297 ] }, { "date": "2024-06-21", "close": 71.562576, "volume": 552016, "typical_volume": 352298.0, "trend": 71.106066, "fair_value": 82.87594, "relative_strength": -21.835291, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.872354, "energy": 26.535191, "activity_lines": [ 71.016049, 70.533237, 69.725517, 69.967387 ] }, { "date": "2024-06-28", "close": 71.659027, "volume": 230101, "typical_volume": 359553.05, "trend": 70.797441, "fair_value": 82.504228, "relative_strength": -20.431243, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.784142, "energy": 32.122079, "activity_lines": [ 71.292529, 70.86466, 69.937698, 70.003062 ] }, { "date": "2024-07-05", "close": 71.176796, "volume": 278503, "typical_volume": 360978.2, "trend": 70.614194, "fair_value": 82.170568, "relative_strength": -22.148205, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.153949, "energy": 26.187891, "activity_lines": [ 71.324678, 71.022481, 70.093389, 70.027536 ] }, { "date": "2024-07-12", "close": 68.669205, "volume": 408241, "typical_volume": 346788.25, "trend": 70.369865, "fair_value": 81.820833, "relative_strength": -25.521042, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -2.804283, "energy": 6.526423, "activity_lines": [ 70.475956, 70.664755, 69.999239, 69.902053 ] }, { "date": "2024-07-19", "close": 67.31897, "volume": 314161, "typical_volume": 350637.85, "trend": 70.090173, "fair_value": 81.476157, "relative_strength": -23.127452, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.950196, "energy": 25.005685, "activity_lines": [ 69.312179, 70.052764, 69.788436, 69.705221 ] }, { "date": "2024-07-26", "close": 67.126076, "volume": 164099, "typical_volume": 335042.8, "trend": 69.832985, "fair_value": 81.127501, "relative_strength": -20.284035, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.495006, "energy": 39.279984, "activity_lines": [ 68.328433, 69.453047, 69.569367, 69.513989 ] }, { "date": "2024-08-02", "close": 68.09053, "volume": 253000, "typical_volume": 322088.25, "trend": 69.588656, "fair_value": 80.809713, "relative_strength": -16.875022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.006749, "energy": 40.512967, "activity_lines": [ 67.961938, 69.104089, 69.449958, 69.401572 ] }, { "date": "2024-08-09", "close": 67.70475, "volume": 350204, "typical_volume": 316994.7, "trend": 69.344328, "fair_value": 80.51688, "relative_strength": -16.189462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.86196, "energy": 49.220838, "activity_lines": [ 67.70475, 68.727074, 69.301615, 69.28003 ] }, { "date": "2024-08-16", "close": 68.09053, "volume": 382131, "typical_volume": 316301.25, "trend": 69.267171, "fair_value": 80.210063, "relative_strength": -18.417112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.448295, "energy": 43.214177, "activity_lines": [ 67.807624, 68.471054, 69.190013, 69.19914 ] }, { "date": "2024-08-23", "close": 68.186974, "volume": 163000, "typical_volume": 317587.5, "trend": 69.218948, "fair_value": 79.925806, "relative_strength": -16.988299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.497895, "energy": 27.939582, "activity_lines": [ 67.981225, 68.279916, 69.092648, 69.12945 ] }, { "date": "2024-08-30", "close": 67.897652, "volume": 262000, "typical_volume": 310935.25, "trend": 69.151437, "fair_value": 79.730207, "relative_strength": -17.164326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.881766, "energy": 26.379677, "activity_lines": [ 68.000518, 68.087026, 68.968189, 69.044205 ] }, { "date": "2024-09-06", "close": 67.222519, "volume": 191000, "typical_volume": 303635.25, "trend": 69.077495, "fair_value": 79.48091, "relative_strength": -14.21972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.858386, "energy": 27.633036, "activity_lines": [ 67.743329, 67.838021, 68.778512, 68.919759 ] }, { "date": "2024-09-13", "close": 68.11554, "volume": 249012, "typical_volume": 301934.85, "trend": 69.052609, "fair_value": 79.198938, "relative_strength": -13.839463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.794802, "energy": 20.994436, "activity_lines": [ 67.841681, 67.832046, 68.672507, 68.857697 ] }, { "date": "2024-09-20", "close": 69.585655, "volume": 194000, "typical_volume": 303602.5, "trend": 68.999571, "fair_value": 78.915419, "relative_strength": -13.014044, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.922155, "energy": 12.671217, "activity_lines": [ 68.402685, 68.149024, 68.705475, 68.892087 ] }, { "date": "2024-09-27", "close": 69.683662, "volume": 141055, "typical_volume": 294953.25, "trend": 69.007668, "fair_value": 78.676479, "relative_strength": -14.842148, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.667276, "energy": 11.372354, "activity_lines": [ 68.896683, 68.467159, 68.741117, 68.936222 ] }, { "date": "2024-10-04", "close": 68.605576, "volume": 59730, "typical_volume": 269263.85, "trend": 69.002331, "fair_value": 78.448671, "relative_strength": -13.611945, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.795763, "energy": 15.48184, "activity_lines": [ 68.931539, 68.546284, 68.675224, 68.91028 ] }, { "date": "2024-10-11", "close": 68.899605, "volume": 133000, "typical_volume": 261388.5, "trend": 68.974648, "fair_value": 78.261841, "relative_strength": -14.949734, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.976346, "energy": 9.801609, "activity_lines": [ 69.017211, 68.651969, 68.650037, 68.903653 ] }, { "date": "2024-10-18", "close": 68.605576, "volume": 137100, "typical_volume": 253335.95, "trend": 69.004675, "fair_value": 78.079141, "relative_strength": -16.861969, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.37972, "energy": 9.072121, "activity_lines": [ 68.893067, 68.689483, 68.604017, 68.879842 ] }, { "date": "2024-10-25", "close": 68.703583, "volume": 105000, "typical_volume": 247885.95, "trend": 68.989747, "fair_value": 77.833918, "relative_strength": -15.658379, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.258583, "energy": 6.898457, "activity_lines": [ 68.768923, 68.728439, 68.57636, 68.860417 ] }, { "date": "2024-11-01", "close": 68.80159, "volume": 196050, "typical_volume": 238170.15, "trend": 69.007019, "fair_value": 77.547224, "relative_strength": -12.906071, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.496483, "energy": 10.602075, "activity_lines": [ 68.736253, 68.774067, 68.567517, 68.848277 ] }, { "date": "2024-11-08", "close": 69.487648, "volume": 332001, "typical_volume": 227169.4, "trend": 69.066449, "fair_value": 77.252898, "relative_strength": -14.395831, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.982952, "energy": 6.482714, "activity_lines": [ 68.991074, 68.933258, 68.634406, 68.879286 ] }, { "date": "2024-11-15", "close": 68.11554, "volume": 209017, "typical_volume": 226115.2, "trend": 69.10586, "fair_value": 76.940756, "relative_strength": -12.624518, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.79028, "energy": 13.195395, "activity_lines": [ 68.72972, 68.814066, 68.580498, 68.817937 ] }, { "date": "2024-11-22", "close": 67.331467, "volume": 209189, "typical_volume": 222649.5, "trend": 69.086987, "fair_value": 76.668695, "relative_strength": -13.74523, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.145038, "energy": 25.163614, "activity_lines": [ 68.25928, 68.536079, 68.46879, 68.70346 ] }, { "date": "2024-11-29", "close": 68.11554, "volume": 152003, "typical_volume": 209837.6, "trend": 69.084606, "fair_value": 76.419703, "relative_strength": -9.41728, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.515941, "energy": 26.857302, "activity_lines": [ 68.135138, 68.414906, 68.450067, 68.640786 ] }, { "date": "2024-12-06", "close": 66.449402, "volume": 208170, "typical_volume": 204538.05, "trend": 68.96882, "fair_value": 76.135973, "relative_strength": -14.426217, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.192739, "energy": 47.959454, "activity_lines": [ 67.49482, 68.017529, 68.275301, 68.470773 ] }, { "date": "2024-12-13", "close": 64.489243, "volume": 246006, "typical_volume": 208633.4, "trend": 68.742687, "fair_value": 75.833664, "relative_strength": -15.600615, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.423444, "energy": 67.40937, "activity_lines": [ 66.357928, 67.322563, 67.917993, 68.181768 ] }, { "date": "2024-12-20", "close": 62.03904, "volume": 189094, "typical_volume": 205438.1, "trend": 68.463814, "fair_value": 75.539706, "relative_strength": -16.216221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.261947, "energy": 80.08105, "activity_lines": [ 64.737528, 66.256949, 67.339889, 67.749274 ] }, { "date": "2024-12-27", "close": 66.841431, "volume": 1388012, "typical_volume": 257328.5, "trend": 68.341806, "fair_value": 75.297582, "relative_strength": -12.029428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.179088, "energy": 60.690873, "activity_lines": [ 65.123026, 66.189234, 67.247973, 67.644605 ] }, { "date": "2025-01-03", "close": 62.333065, "volume": 453510, "typical_volume": 260897.45, "trend": 68.063089, "fair_value": 75.017537, "relative_strength": -15.862158, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.622665, "energy": 66.623331, "activity_lines": [ 64.038404, 65.333892, 66.730799, 67.256944 ] }, { "date": "2025-01-10", "close": 64.783264, "volume": 1073393, "typical_volume": 306417.1, "trend": 67.856401, "fair_value": 74.753199, "relative_strength": -12.181063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.160376, "energy": 39.015637, "activity_lines": [ 64.156013, 65.039867, 66.474394, 67.045342 ] }, { "date": "2025-01-17", "close": 62.62709, "volume": 301115, "typical_volume": 308372.85, "trend": 67.558552, "fair_value": 74.432939, "relative_strength": -14.952333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.039043, "energy": 37.584363, "activity_lines": [ 63.665974, 64.426872, 66.028848, 66.707967 ] }, { "date": "2025-01-24", "close": 63.999203, "volume": 233031, "typical_volume": 310474.4, "trend": 67.303224, "fair_value": 74.151545, "relative_strength": -13.884745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.53655, "energy": 35.472104, "activity_lines": [ 63.757449, 64.188089, 65.739076, 66.478332 ] }, { "date": "2025-02-07", "close": 64.195221, "volume": 380001, "typical_volume": 317023.85, "trend": 67.070505, "fair_value": 73.871409, "relative_strength": -12.84405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.62166, "energy": 29.514252, "activity_lines": [ 63.783585, 64.059789, 65.483322, 66.277816 ] }, { "date": "2025-02-14", "close": 64.097214, "volume": 229040, "typical_volume": 318775.85, "trend": 66.918105, "fair_value": 73.60568, "relative_strength": -11.171043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.594477, "energy": 27.938207, "activity_lines": [ 63.953467, 63.970691, 65.236903, 66.08599 ] }, { "date": "2025-02-21", "close": 64.685257, "volume": 360159, "typical_volume": 329731.05, "trend": 66.830315, "fair_value": 73.32267, "relative_strength": -12.008867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.431998, "energy": 19.309128, "activity_lines": [ 64.201753, 64.061571, 65.072623, 65.941936 ] }, { "date": "2025-02-28", "close": 62.921112, "volume": 491532, "typical_volume": 351321.15, "trend": 66.690149, "fair_value": 73.034366, "relative_strength": -11.32301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.324162, "energy": 22.206898, "activity_lines": [ 63.868525, 63.863773, 64.764131, 65.689729 ] }, { "date": "2025-03-07", "close": 62.235058, "volume": 237092, "typical_volume": 356525.75, "trend": 66.494967, "fair_value": 72.744671, "relative_strength": -9.923872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.357479, "energy": 28.478925, "activity_lines": [ 63.287011, 63.569749, 64.417369, 65.402304 ] }, { "date": "2025-03-14", "close": 60.372906, "volume": 259000, "typical_volume": 362620.75, "trend": 66.250572, "fair_value": 72.455069, "relative_strength": -9.788256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.182338, "energy": 43.416952, "activity_lines": [ 62.202388, 62.933588, 63.924996, 65.007332 ] }, { "date": "2025-03-21", "close": 62.823105, "volume": 391001, "typical_volume": 376920.8, "trend": 66.074991, "fair_value": 72.223272, "relative_strength": -6.725496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.659259, "energy": 40.557643, "activity_lines": [ 62.18932, 62.860527, 63.705178, 64.786205 ] }, { "date": "2025-03-28", "close": 60.274899, "volume": 184823, "typical_volume": 376359.45, "trend": 65.811255, "fair_value": 72.015437, "relative_strength": -7.671569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.337397, "energy": 50.944205, "activity_lines": [ 61.411791, 62.315247, 63.270676, 64.412006 ] }, { "date": "2025-04-04", "close": 58.314739, "volume": 206010, "typical_volume": 370059.9, "trend": 65.491825, "fair_value": 71.796239, "relative_strength": -9.008713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.176867, "energy": 63.240703, "activity_lines": [ 60.274898, 61.495543, 62.690095, 63.928359 ] }, { "date": "2025-04-11", "close": 48.856968, "volume": 434061, "typical_volume": 381312.1, "trend": 64.87964, "fair_value": 71.515814, "relative_strength": -16.401599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.387839, "energy": 81.046119, "activity_lines": [ 56.292507, 59.034652, 61.261979, 62.855143 ] }, { "date": "2025-04-18", "close": 53.120319, "volume": 282028, "typical_volume": 384954.05, "trend": 64.379799, "fair_value": 71.27234, "relative_strength": -8.169408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.738877, "energy": 81.920265, "activity_lines": [ 54.623106, 57.624228, 60.331603, 62.096477 ] }, { "date": "2025-04-25", "close": 52.63028, "volume": 451298, "typical_volume": 399918.8, "trend": 63.81462, "fair_value": 71.041362, "relative_strength": -10.755156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.706718, "energy": 82.029041, "activity_lines": [ 53.273864, 56.326069, 59.42223, 61.338444 ] }, { "date": "2025-05-02", "close": 55.668522, "volume": 328001, "typical_volume": 405910.35, "trend": 63.347449, "fair_value": 70.80881, "relative_strength": -9.348624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.01311, "energy": 72.838686, "activity_lines": [ 53.616891, 55.788807, 58.875952, 60.812889 ] }, { "date": "2025-05-09", "close": 54.492428, "volume": 312034, "typical_volume": 409211.75, "trend": 62.87701, "fair_value": 70.590972, "relative_strength": -11.372439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.662206, "energy": 48.253682, "activity_lines": [ 53.874978, 55.20165, 58.269002, 60.241597 ] }, { "date": "2025-05-16", "close": 56.550598, "volume": 222020, "typical_volume": 410858.05, "trend": 62.465377, "fair_value": 70.403168, "relative_strength": -11.479084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.868835, "energy": 36.810126, "activity_lines": [ 55.073943, 55.141954, 57.905673, 59.833442 ] }, { "date": "2025-05-23", "close": 58.804779, "volume": 563041, "typical_volume": 369609.5, "trend": 62.138684, "fair_value": 70.271913, "relative_strength": -6.746126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.112884, "energy": 21.135145, "activity_lines": [ 56.511393, 55.595464, 57.783163, 59.597274 ] }, { "date": "2025-05-30", "close": 58.902786, "volume": 413220, "typical_volume": 367595.0, "trend": 61.81199, "fair_value": 70.15091, "relative_strength": -4.93909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.684195, "energy": 19.382906, "activity_lines": [ 57.602548, 56.095304, 57.708257, 59.388506 ] }, { "date": "2025-06-06", "close": 59.784859, "volume": 715100, "typical_volume": 349680.35, "trend": 61.511433, "fair_value": 70.037365, "relative_strength": -4.551204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.791007, "energy": 18.51693, "activity_lines": [ 58.56956, 56.8268, 57.733692, 59.257724 ] }, { "date": "2025-06-13", "close": 57.33466, "volume": 432079, "typical_volume": 356228.55, "trend": 61.106333, "fair_value": 69.908114, "relative_strength": -9.790836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.567868, "energy": 17.146077, "activity_lines": [ 58.445417, 57.121715, 57.549577, 58.988254 ] }, { "date": "2025-06-20", "close": 59.58884, "volume": 340106, "typical_volume": 361582.3, "trend": 60.82211, "fair_value": 69.762639, "relative_strength": -5.844704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.367664, "energy": 10.510012, "activity_lines": [ 58.883185, 57.844301, 57.605348, 58.890352 ] }, { "date": "2025-06-27", "close": 59.980877, "volume": 243004, "typical_volume": 354732.45, "trend": 60.57709, "fair_value": 69.628098, "relative_strength": -7.206232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.501369, "energy": 9.592761, "activity_lines": [ 59.249082, 58.443041, 57.719458, 58.836079 ] }, { "date": "2025-07-04", "close": 59.980877, "volume": 277000, "typical_volume": 357130.45, "trend": 60.305935, "fair_value": 69.483934, "relative_strength": -6.789717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.487335, "energy": 8.836967, "activity_lines": [ 59.536573, 58.917043, 57.853635, 58.797613 ] }, { "date": "2025-07-11", "close": 59.490837, "volume": 196003, "typical_volume": 348922.65, "trend": 60.073983, "fair_value": 69.382939, "relative_strength": -8.126531, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.42835, "energy": 13.847276, "activity_lines": [ 59.588844, 59.1683, 57.960744, 58.745026 ] }, { "date": "2025-07-18", "close": 59.784859, "volume": 184049, "typical_volume": 333548.5, "trend": 59.91717, "fair_value": 69.271799, "relative_strength": -9.977057, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.774802, "energy": 18.369842, "activity_lines": [ 59.758725, 59.403519, 58.120591, 58.726373 ] }, { "date": "2025-07-25", "close": 58.412746, "volume": 168116, "typical_volume": 330099.7, "trend": 59.796293, "fair_value": 69.153669, "relative_strength": -11.707391, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.221815, "energy": 8.789992, "activity_lines": [ 59.307887, 59.293037, 58.164694, 58.629314 ] }, { "date": "2025-08-01", "close": 57.530675, "volume": 254117, "typical_volume": 329855.55, "trend": 59.485935, "fair_value": 69.032891, "relative_strength": -12.957689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.935784, "energy": 13.507997, "activity_lines": [ 58.641432, 58.988322, 58.142992, 58.483145 ] }, { "date": "2025-08-08", "close": 55.668522, "volume": 499371, "typical_volume": 335274.05, "trend": 59.263783, "fair_value": 68.900778, "relative_strength": -17.365561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.334013, "energy": 25.406187, "activity_lines": [ 57.517607, 58.368198, 57.957477, 58.23686 ] }, { "date": "2025-08-15", "close": 52.728283, "volume": 377268, "typical_volume": 344896.3, "trend": 58.861951, "fair_value": 68.747412, "relative_strength": -22.211141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.469547, "energy": 55.896688, "activity_lines": [ 55.701192, 57.27229, 57.526008, 57.815215 ] }, { "date": "2025-08-22", "close": 49.788044, "volume": 577103, "typical_volume": 363450.95, "trend": 58.433982, "fair_value": 68.575799, "relative_strength": -24.289637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.7719, "energy": 80.104695, "activity_lines": [ 53.355534, 55.770095, 56.850453, 57.229801 ] }, { "date": "2025-08-29", "close": 49.59203, "volume": 323150, "typical_volume": 357905.4, "trend": 57.953743, "fair_value": 68.396314, "relative_strength": -25.512439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.792569, "energy": 85.503057, "activity_lines": [ 51.610993, 54.369472, 56.196833, 56.659353 ] }, { "date": "2025-09-05", "close": 49.690041, "volume": 262000, "typical_volume": 356904.0, "trend": 57.470237, "fair_value": 68.203625, "relative_strength": -25.63073, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.023735, "energy": 86.776539, "activity_lines": [ 50.48717, 53.16843, 55.549048, 56.126211 ] }, { "date": "2025-09-12", "close": 48.849998, "volume": 223021, "typical_volume": 345490.15, "trend": 56.961997, "fair_value": 68.00555, "relative_strength": -29.091627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.72536, "energy": 89.815802, "activity_lines": [ 49.606041, 52.001758, 54.837592, 55.570066 ] }, { "date": "2025-09-19", "close": 47.299999, "volume": 1719000, "typical_volume": 415040.1, "trend": 56.382488, "fair_value": 67.808365, "relative_strength": -30.991272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.861717, "energy": 91.425856, "activity_lines": [ 48.662814, 50.755648, 53.99652, 54.946712 ] }, { "date": "2025-09-26", "close": 43.650002, "volume": 798205, "typical_volume": 439348.65, "trend": 55.740118, "fair_value": 67.588986, "relative_strength": -35.659261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.684857, "energy": 95.350266, "activity_lines": [ 46.864807, 49.067554, 52.847678, 54.125261 ] }, { "date": "2025-10-03", "close": 45.099998, "volume": 430200, "typical_volume": 449757.65, "trend": 55.168949, "fair_value": 67.407584, "relative_strength": -35.818429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.674931, "energy": 89.241567, "activity_lines": [ 45.959335, 47.936457, 51.888562, 53.438802 ] }, { "date": "2025-10-10", "close": 45.75, "volume": 178309, "typical_volume": 430521.05, "trend": 54.681519, "fair_value": 67.280999, "relative_strength": -35.521895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.84464, "energy": 83.243434, "activity_lines": [ 45.57, 47.165591, 51.045878, 52.831127 ] }, { "date": "2025-10-17", "close": 46.400002, "volume": 780241, "typical_volume": 448872.1, "trend": 54.134082, "fair_value": 67.143325, "relative_strength": -33.967276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.813825, "energy": 65.38621, "activity_lines": [ 45.66, 46.727102, 50.327264, 52.296836 ] }, { "date": "2025-10-24", "close": 47.099998, "volume": 336010, "typical_volume": 429917.6, "trend": 53.694919, "fair_value": 67.005866, "relative_strength": -32.924214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.104394, "energy": 57.136402, "activity_lines": [ 46.146666, 46.584404, 49.734854, 51.843024 ] }, { "date": "2025-10-31", "close": 44.099998, "volume": 363015, "typical_volume": 426464.4, "trend": 53.221094, "fair_value": 66.869314, "relative_strength": -38.111858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.527658, "energy": 57.336873, "activity_lines": [ 45.646666, 45.998583, 48.917133, 51.223997 ] }, { "date": "2025-11-07", "close": 42.349998, "volume": 188005, "typical_volume": 418859.35, "trend": 53.004195, "fair_value": 66.713612, "relative_strength": -38.620722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.198365, "energy": 61.409787, "activity_lines": [ 44.533332, 45.198, 47.995768, 50.522636 ] }, { "date": "2025-11-14", "close": 44.25, "volume": 411000, "typical_volume": 427259.15, "trend": 52.708518, "fair_value": 66.571309, "relative_strength": -34.599712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.524831, "energy": 56.391266, "activity_lines": [ 44.236666, 44.874545, 47.337445, 49.957849 ] }, { "date": "2025-11-21", "close": 42.400002, "volume": 155000, "typical_volume": 421159.15, "trend": 52.367509, "fair_value": 66.411045, "relative_strength": -34.340875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.856691, "energy": 69.427295, "activity_lines": [ 43.423333, 44.313636, 46.577841, 49.292784 ] }, { "date": "2025-11-28", "close": 44.25, "volume": 373033, "typical_volume": 430010.65, "trend": 51.986891, "fair_value": 66.262029, "relative_strength": -33.733522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.240567, "energy": 60.756319, "activity_lines": [ 43.493333, 44.206363, 46.078146, 48.769073 ] }, { "date": "2025-12-05", "close": 42.599998, "volume": 280060, "typical_volume": 434811.2, "trend": 51.590477, "fair_value": 66.087791, "relative_strength": -36.232643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.044968, "energy": 55.403633, "activity_lines": [ 43.203333, 43.854545, 45.493883, 48.163467 ] }, { "date": "2025-12-12", "close": 42.599998, "volume": 184100, "typical_volume": 435610.4, "trend": 51.125457, "fair_value": 65.916603, "relative_strength": -36.025811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.615718, "energy": 52.395913, "activity_lines": [ 43.013332, 43.521817, 44.991452, 47.583436 ] }, { "date": "2025-12-19", "close": 41.650002, "volume": 122062, "typical_volume": 429007.65, "trend": 50.553631, "fair_value": 65.740547, "relative_strength": -35.639437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.123918, "energy": 53.330445, "activity_lines": [ 42.49, 43.061818, 44.473845, 46.972117 ] }, { "date": "2025-12-26", "close": 41.549999, "volume": 162588, "typical_volume": 412168.5, "trend": 49.975205, "fair_value": 65.571173, "relative_strength": -37.052843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.711579, "energy": 56.230772, "activity_lines": [ 42.106666, 42.658181, 44.022336, 46.391237 ] }, { "date": "2026-01-02", "close": 41.200001, "volume": 227089, "typical_volume": 404659.55, "trend": 49.355709, "fair_value": 65.38857, "relative_strength": -38.520359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.266099, "energy": 56.636, "activity_lines": [ 41.663333, 42.279091, 43.604725, 45.825095 ] }, { "date": "2026-01-09", "close": 41.650002, "volume": 329000, "typical_volume": 392254.4, "trend": 48.832888, "fair_value": 65.208852, "relative_strength": -39.085431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.62269, "energy": 51.693437, "activity_lines": [ 41.573334, 42.089091, 43.284867, 45.327953 ] }, { "date": "2026-01-16", "close": 41.599998, "volume": 234158, "typical_volume": 387804.8, "trend": 48.233259, "fair_value": 65.027593, "relative_strength": -40.572898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.433904, "energy": 49.028071, "activity_lines": [ 41.53, 41.934545, 42.999, 44.861315 ] }, { "date": "2026-01-23", "close": 40.599998, "volume": 330059, "typical_volume": 391207.75, "trend": 47.58723, "fair_value": 64.846026, "relative_strength": -42.289911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.624603, "energy": 50.540946, "activity_lines": [ 41.219999, 41.611818, 42.655952, 44.368846 ] }, { "date": "2026-01-30", "close": 42.200001, "volume": 3141011, "typical_volume": 537107.25, "trend": 46.994534, "fair_value": 64.678988, "relative_strength": -39.464171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.432501, "energy": 35.695523, "activity_lines": [ 41.513333, 41.646363, 42.508571, 44.021283 ] }, { "date": "2026-02-06", "close": 41.299999, "volume": 684040, "typical_volume": 485359.25, "trend": 46.388173, "fair_value": 64.50557, "relative_strength": -39.463462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.974526, "energy": 32.884529, "activity_lines": [ 41.463333, 41.520909, 42.307143, 43.653894 ] }, { "date": "2026-02-13", "close": 41.849998, "volume": 296201, "typical_volume": 460259.05, "trend": 45.790344, "fair_value": 64.335678, "relative_strength": -41.181929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.450773, "energy": 25.617381, "activity_lines": [ 41.589999, 41.54909, 42.186666, 43.361108 ] }, { "date": "2026-02-27", "close": 41.650002, "volume": 307006, "typical_volume": 454099.35, "trend": 45.231586, "fair_value": 64.165114, "relative_strength": -43.659683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.499828, "energy": 21.974816, "activity_lines": [ 41.636667, 41.554545, 42.055714, 43.093989 ] }, { "date": "2026-03-06", "close": 39.950001, "volume": 374441, "typical_volume": 463905.95, "trend": 44.645564, "fair_value": 63.974498, "relative_strength": -42.220218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.471895, "energy": 33.154543, "activity_lines": [ 41.113334, 41.268182, 41.779286, 42.753242 ] }, { "date": "2026-03-13", "close": 38.849998, "volume": 209000, "typical_volume": 435343.9, "trend": 44.084946, "fair_value": 63.765847, "relative_strength": -42.621545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.095567, "energy": 42.89189, "activity_lines": [ 40.266666, 40.812727, 41.425714, 42.379334 ] }, { "date": "2026-03-20", "close": 39.25, "volume": 174250, "typical_volume": 427255.9, "trend": 43.63567, "fair_value": 63.539621, "relative_strength": -41.401608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.120689, "energy": 52.435637, "activity_lines": [ 39.776666, 40.479091, 41.14619, 42.067402 ] }, { "date": "2026-03-27", "close": 40.5, "volume": 265000, "typical_volume": 422355.15, "trend": 43.326069, "fair_value": 63.32324, "relative_strength": -37.785848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.987265, "energy": 46.310086, "activity_lines": [ 39.84, 40.408182, 41.023095, 41.865101 ] }, { "date": "2026-04-03", "close": 40.75, "volume": 336004, "typical_volume": 429755.1, "trend": 43.031334, "fair_value": 63.110291, "relative_strength": -35.391028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.978604, "energy": 32.47, "activity_lines": [ 40.076666, 40.403636, 40.940952, 41.698903 ] }, { "date": "2026-04-10", "close": 41.549999, "volume": 274022, "typical_volume": 422906.2, "trend": 42.76, "fair_value": 62.892707, "relative_strength": -38.45865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.44333, "energy": 18.821326, "activity_lines": [ 40.64, 40.56, 40.942619, 41.603333 ] }, { "date": "2026-04-17", "close": 41.450001, "volume": 163009, "typical_volume": 423306.65, "trend": 42.513333, "fair_value": 62.667158, "relative_strength": -40.0882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.00122, "energy": 15.427559, "activity_lines": [ 41.063333, 40.680909, 40.947619, 41.518817 ] }, { "date": "2026-04-24", "close": 40.0, "volume": 232095, "typical_volume": 416259.75, "trend": 42.27, "fair_value": 62.425602, "relative_strength": -44.370287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.298121, "energy": 16.3228, "activity_lines": [ 40.83, 40.551818, 40.819047, 41.356666 ] }, { "date": "2026-05-01", "close": 39.450001, "volume": 154209, "typical_volume": 409967.2, "trend": 42.13, "fair_value": 62.189674, "relative_strength": -44.176749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.555668, "energy": 18.71129, "activity_lines": [ 40.363334, 40.346364, 40.658333, 41.174731 ] }, { "date": "2026-05-08", "close": 39.799999, "volume": 255023, "typical_volume": 413513.35, "trend": 41.953333, "fair_value": 61.951718, "relative_strength": -46.327065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.975449, "energy": 33.893754, "activity_lines": [ 40.083333, 40.248182, 40.545952, 41.024408 ] }, { "date": "2026-05-15", "close": 38.5, "volume": 233557, "typical_volume": 419088.1, "trend": 41.711666, "fair_value": 61.696885, "relative_strength": -46.573097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.176792, "energy": 58.638147, "activity_lines": [ 39.433333, 39.947273, 40.323095, 40.801613 ] }, { "date": "2026-05-22", "close": 38.549999, "volume": 250000, "typical_volume": 423458.7, "trend": 41.45, "fair_value": 61.439932, "relative_strength": -46.912258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.538675, "energy": 62.522275, "activity_lines": [ 39.003333, 39.681818, 40.12, 40.597634 ] }, { "date": "2026-05-29", "close": 36.599998, "volume": 662001, "typical_volume": 445204.3, "trend": 41.1, "fair_value": 61.157663, "relative_strength": -51.341391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.172847, "energy": 73.336636, "activity_lines": [ 38.116666, 39.067272, 39.745476, 40.284731 ] }, { "date": "2026-06-05", "close": 36.950001, "volume": 340200, "typical_volume": 445764.3, "trend": 40.861666, "fair_value": 60.88252, "relative_strength": -50.138492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.295381, "energy": 74.641536, "activity_lines": [ 37.573333, 38.564545, 39.42619, 40.016989 ] }, { "date": "2026-06-12", "close": 35.599998, "volume": 279036, "typical_volume": 448008.2, "trend": 40.636666, "fair_value": 60.598112, "relative_strength": -49.832706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.601927, "energy": 80.489966, "activity_lines": [ 36.746666, 37.880908, 39.000714, 39.677527 ] }, { "date": "2026-06-19", "close": 36.200001, "volume": 124000, "typical_volume": 437705.25, "trend": 40.368333, "fair_value": 60.307787, "relative_strength": -50.429106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.126672, "energy": 77.138914, "activity_lines": [ 36.4, 37.4, 38.660952, 39.39129 ] }, { "date": "2026-06-26", "close": 36.0, "volume": 255006, "typical_volume": 293405.0, "trend": 40.155, "fair_value": 60.047303, "relative_strength": -47.388713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.257603, "energy": 74.522278, "activity_lines": [ 36.14, 36.98, 38.323095, 39.109462 ] }, { "date": "2026-07-03", "close": 36.25, "volume": 204110, "typical_volume": 269408.5, "trend": 39.888333, "fair_value": 59.78537, "relative_strength": -48.306442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.654643, "energy": 66.945808, "activity_lines": [ 36.133333, 36.704545, 38.038571, 38.857527 ] }, { "date": "2026-07-10", "close": 36.0, "volume": 0, "typical_volume": 254598.45, "trend": 39.668333, "fair_value": 59.526106, "relative_strength": -45.74984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.113468, "energy": 60.142859, "activity_lines": [ 36.066667, 36.451818, 37.754286, 38.606666 ] }, { "date": "2026-07-17", "close": 35.799999, "volume": 331140, "typical_volume": 255805.15, "trend": 39.441666, "fair_value": 59.271662, "relative_strength": -41.288284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.94358, "energy": 52.177373, "activity_lines": [ 35.996666, 36.225454, 37.478809, 38.357097 ] }, { "date": "2026-07-24", "close": 38.400002, "volume": 546510, "typical_volume": 264408.6, "trend": 39.333333, "fair_value": 59.049142, "relative_strength": -37.021736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.576539, "energy": 30.045549, "activity_lines": [ 36.78, 36.544546, 37.478809, 38.289892 ] }, { "date": "2026-07-31", "close": 40.0, "volume": 574350, "typical_volume": 282676.1, "trend": 39.281667, "fair_value": 58.838099, "relative_strength": -32.11382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.564259, "energy": 14.731056, "activity_lines": [ 37.95, 37.156364, 37.638571, 38.332903 ] }, { "date": "2026-08-07", "close": 38.700001, "volume": 345314, "typical_volume": 291229.3, "trend": 39.198333, "fair_value": 58.621163, "relative_strength": -34.506663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.322519, "energy": 20.798201, "activity_lines": [ 38.420001, 37.505455, 37.669048, 38.295376 ] }, { "date": "2026-08-14", "close": 37.900002, "volume": 127000, "typical_volume": 284329.3, "trend": 39.073333, "fair_value": 58.404591, "relative_strength": -36.722623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.649889, "energy": 20.694324, "activity_lines": [ 38.460001, 37.67091, 37.625953, 38.211613 ] } ], "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." } } }