{ "ticker": { "uuid": "d5ea547d-1a2a-4ebb-9239-c0f728820a79", "symbol": "3570", "name": "Otsuka Information Technology Corp.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 60.316, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 14.847, "architecture_energy": 6.232, "architecture_maturity": 18.542, "architecture_confidence": 69.464, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 64.42, "rotation_up": 24.58, "upward_expansion": 48.09, "deceleration": 83.17, "rotation_down": 24.36, "downward_expansion": 21.76 }, "activity_lines": [ 164.2, 164.512542, 164.626305, 163.776424 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 163.5, "trend_reference": 163.311225, "distance_from_trend": 0.001156, "trend_direction": "Improving", "fair_value": 154.349612, "distance_from_fair_value": 0.059284, "fair_value_direction": "Weakening", "relative_strength": -31.338486, "relative_strength_direction": "Improving", "price_momentum": 0.017863, "excess_performance": -0.423509, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001156, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007502, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.059284, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.021096, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.313385, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.071551, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.017863, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.958108, "read": "Supply-led" } ], "volume": { "latest": 187109, "relative_activity": 0.728705, "balance": 0.958108, "dry_up": 0.532413, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.048057, "annualized_volatility": 0.243865, "from_high_reference": -0.20807, "from_low_reference": 0.091714 }, "levels": { "trend_reference": 163.311225, "fair_value_reference": 154.349612, "structural_low": 149.764493, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.011538, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.015862, "regime_survival": 0.375, "best_return": 0.213483, "worst_return": -0.092949, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.146467, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.083584, "regime_survival": 0.0, "best_return": 0.150281, "worst_return": 0.081921, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.226124, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.01801, "regime_survival": 0.0, "best_return": 0.249057, "worst_return": -0.023999, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.203267, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.149661, "regime_survival": 0.0, "best_return": 0.293631, "worst_return": 0.112904, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-09-13", "end": "2024-09-20", "tenure": "New", "return": -0.034247, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2024-11-08", "tenure": "Developing", "return": 0.053004, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-15", "end": "2024-12-20", "tenure": "Developing", "return": 0.041543, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": -0.07438, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": 0.103746, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-06-06", "tenure": "Established", "return": 0.160221, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-13", "end": "2025-09-26", "tenure": "Established", "return": -0.015675, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.010499, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-02-27", "tenure": "Established", "return": -0.020997, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.070621, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-05-29", "tenure": "Developing", "return": 0.038922, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-12", "tenure": "New", "return": -0.062663, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-19", "end": "2026-07-10", "tenure": "New", "return": -0.030358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-08-14", "tenure": "Developing", "return": 0.015528, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 109.528267, "volume": 350000, "typical_volume": 901250.0, "trend": 103.554856, "fair_value": 69.888924, "relative_strength": 13.533491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.454362, "energy": 7.74437, "activity_lines": [ 110.160713, 110.551592, 113.628882, 110.588717 ] }, { "date": "2023-08-18", "close": 108.66584, "volume": 196000, "typical_volume": 884850.0, "trend": 104.731408, "fair_value": 70.168102, "relative_strength": 13.375474, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.440976, "energy": 5.7542, "activity_lines": [ 109.815743, 110.027468, 113.081959, 110.918458 ] }, { "date": "2023-08-25", "close": 108.66584, "volume": 77000, "typical_volume": 878150.0, "trend": 105.831874, "fair_value": 70.436788, "relative_strength": 11.928196, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.515105, "energy": 10.231907, "activity_lines": [ 109.298286, 109.684214, 112.465947, 111.172292 ] }, { "date": "2023-09-01", "close": 114.271614, "volume": 318000, "typical_volume": 758200.0, "trend": 107.08659, "fair_value": 70.756463, "relative_strength": 15.697289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.236434, "energy": 12.389303, "activity_lines": [ 110.706917, 110.429895, 112.328316, 111.716792 ] }, { "date": "2023-09-08", "close": 113.409187, "volume": 353000, "typical_volume": 625000.0, "trend": 108.220168, "fair_value": 71.082925, "relative_strength": 14.525232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.497603, "energy": 14.423183, "activity_lines": [ 111.799324, 110.986552, 112.148636, 112.124701 ] }, { "date": "2023-09-15", "close": 111.253128, "volume": 265000, "typical_volume": 531200.0, "trend": 109.328072, "fair_value": 71.396935, "relative_strength": 9.431395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.116206, "energy": 12.419807, "activity_lines": [ 111.914317, 111.135518, 111.774813, 112.320376 ] }, { "date": "2023-09-22", "close": 110.821915, "volume": 229000, "typical_volume": 463400.0, "trend": 110.397147, "fair_value": 71.712287, "relative_strength": 12.136106, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.23972, "energy": 13.561143, "activity_lines": [ 111.770581, 111.198241, 111.472612, 112.416753 ] }, { "date": "2023-09-29", "close": 112.115547, "volume": 99000, "typical_volume": 346800.0, "trend": 111.281082, "fair_value": 72.066495, "relative_strength": 12.71782, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.385983, "energy": 14.399461, "activity_lines": [ 111.914318, 111.409928, 111.398652, 112.527617 ] }, { "date": "2023-10-06", "close": 114.271614, "volume": 184000, "typical_volume": 307050.0, "trend": 112.2233, "fair_value": 72.43133, "relative_strength": 13.095482, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.298764, "energy": 12.5671, "activity_lines": [ 112.546763, 111.966585, 111.566798, 112.720555 ] }, { "date": "2023-10-13", "close": 113.840401, "volume": 106000, "typical_volume": 289500.0, "trend": 112.933753, "fair_value": 72.809823, "relative_strength": 10.286424, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 10.406487, "energy": 12.551006, "activity_lines": [ 113.035471, 112.436999, 111.720375, 112.824884 ] }, { "date": "2023-10-20", "close": 114.271614, "volume": 261000, "typical_volume": 280550.0, "trend": 113.65858, "fair_value": 73.188344, "relative_strength": 12.472539, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.447189, "energy": 17.914966, "activity_lines": [ 113.639168, 112.907413, 111.933868, 112.911198 ] }, { "date": "2023-10-27", "close": 115.134041, "volume": 224000, "typical_volume": 272700.0, "trend": 114.357807, "fair_value": 73.557339, "relative_strength": 14.886803, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 0.379178, "energy": 24.944769, "activity_lines": [ 114.329109, 113.44839, 112.246291, 113.006389 ] }, { "date": "2023-11-03", "close": 115.134041, "volume": 233000, "typical_volume": 253500.0, "trend": 114.961926, "fair_value": 73.927247, "relative_strength": 11.774114, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 2.36124, "energy": 28.0336, "activity_lines": [ 114.731575, 113.871763, 112.575285, 113.056468 ] }, { "date": "2023-11-10", "close": 121.602264, "volume": 484000, "typical_volume": 268950.0, "trend": 114.925678, "fair_value": 74.343635, "relative_strength": 16.150263, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 57.39913, "energy": 62.592325, "activity_lines": [ 117.088882, 115.353572, 113.507754, 113.484877 ] }, { "date": "2023-11-17", "close": 120.739822, "volume": 229000, "typical_volume": 261050.0, "trend": 115.091659, "fair_value": 74.75039, "relative_strength": 11.140454, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.501915, "energy": 68.795037, "activity_lines": [ 118.669999, 116.54529, 114.314739, 113.859983 ] }, { "date": "2023-11-24", "close": 122.464676, "volume": 193000, "typical_volume": 256050.0, "trend": 114.67655, "fair_value": 75.160902, "relative_strength": 11.526312, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.326756, "energy": 74.597866, "activity_lines": [ 120.366106, 117.917333, 115.246982, 114.335662 ] }, { "date": "2023-12-01", "close": 139.713226, "volume": 2825000, "typical_volume": 381550.0, "trend": 114.904327, "fair_value": 75.691105, "relative_strength": 24.955184, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 97.966139, "energy": 97.92645, "activity_lines": [ 127.265525, 122.22163, 117.766502, 115.950931 ] }, { "date": "2023-12-08", "close": 137.125946, "volume": 1009000, "typical_volume": 413500.0, "trend": 115.480643, "fair_value": 76.206548, "relative_strength": 21.922381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.500681, "energy": 95.332051, "activity_lines": [ 131.663905, 125.530216, 119.879449, 117.384584 ] }, { "date": "2023-12-15", "close": 130.226532, "volume": 622000, "typical_volume": 425250.0, "trend": 115.826978, "fair_value": 76.674571, "relative_strength": 13.072461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.715848, "energy": 86.946415, "activity_lines": [ 132.296353, 127.129628, 121.203892, 118.335932 ] }, { "date": "2023-12-22", "close": 131.520172, "volume": 338000, "typical_volume": 429750.0, "trend": 116.284369, "fair_value": 77.140851, "relative_strength": 13.861642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.158887, "energy": 81.475342, "activity_lines": [ 132.785064, 128.674158, 122.573509, 119.348396 ] }, { "date": "2023-12-29", "close": 130.226532, "volume": 318000, "typical_volume": 428150.0, "trend": 116.698638, "fair_value": 77.616629, "relative_strength": 9.927752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.791463, "energy": 58.311625, "activity_lines": [ 132.123871, 129.662031, 123.7152, 120.24789 ] }, { "date": "2024-01-05", "close": 131.088959, "volume": 208000, "typical_volume": 428750.0, "trend": 117.114482, "fair_value": 78.092461, "relative_strength": 12.448832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.373703, "energy": 48.609553, "activity_lines": [ 131.232697, 130.516619, 124.840463, 121.176298 ] }, { "date": "2024-01-12", "close": 129.36409, "volume": 519000, "typical_volume": 450850.0, "trend": 117.676633, "fair_value": 78.567272, "relative_strength": 10.240532, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.139885, "energy": 37.237274, "activity_lines": [ 130.341517, 130.767505, 125.694676, 121.966595 ] }, { "date": "2024-01-19", "close": 130.657745, "volume": 279000, "typical_volume": 448900.0, "trend": 118.281906, "fair_value": 79.044901, "relative_strength": 9.513727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.077613, "energy": 32.992582, "activity_lines": [ 130.399013, 130.994872, 126.573531, 122.804087 ] }, { "date": "2024-01-26", "close": 134.107437, "volume": 331000, "typical_volume": 447800.0, "trend": 119.000595, "fair_value": 79.530503, "relative_strength": 9.700742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.683225, "energy": 36.859288, "activity_lines": [ 131.577659, 131.684812, 127.702899, 123.825088 ] }, { "date": "2024-02-02", "close": 130.657745, "volume": 432000, "typical_volume": 456150.0, "trend": 119.66179, "fair_value": 80.00494, "relative_strength": 5.798969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.891553, "energy": 30.767174, "activity_lines": [ 131.433923, 131.504487, 128.405162, 124.577163 ] }, { "date": "2024-02-09", "close": 129.36409, "volume": 126000, "typical_volume": 451000.0, "trend": 120.437974, "fair_value": 80.47747, "relative_strength": 3.941676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.087029, "energy": 28.17313, "activity_lines": [ 130.830221, 130.939987, 128.891816, 125.203118 ] }, { "date": "2024-02-16", "close": 134.538666, "volume": 301000, "typical_volume": 461100.0, "trend": 121.271654, "fair_value": 80.979977, "relative_strength": 4.489634, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.574798, "energy": 35.885225, "activity_lines": [ 132.06637, 131.504486, 129.782992, 126.11284 ] }, { "date": "2024-02-23", "close": 133.24501, "volume": 608000, "typical_volume": 482300.0, "trend": 121.918474, "fair_value": 81.476016, "relative_strength": 1.38393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.985928, "energy": 31.746812, "activity_lines": [ 132.526327, 131.880815, 130.444185, 126.885314 ] }, { "date": "2024-03-01", "close": 142.300507, "volume": 570000, "typical_volume": 505500.0, "trend": 123.010882, "fair_value": 82.016875, "relative_strength": 7.403998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.285716, "energy": 63.945299, "activity_lines": [ 135.8323, 133.848718, 131.877457, 128.200284 ] }, { "date": "2024-03-08", "close": 139.713226, "volume": 688000, "typical_volume": 526850.0, "trend": 124.017048, "fair_value": 82.527463, "relative_strength": 0.503682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.804208, "energy": 70.901187, "activity_lines": [ 137.729641, 135.150199, 132.928797, 129.277855 ] }, { "date": "2024-03-15", "close": 144.02536, "volume": 880000, "typical_volume": 559650.0, "trend": 125.195698, "fair_value": 83.072535, "relative_strength": 3.769186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.700891, "energy": 80.520583, "activity_lines": [ 140.460661, 137.06322, 134.269666, 130.568713 ] }, { "date": "2024-03-22", "close": 148.768707, "volume": 451000, "typical_volume": 570550.0, "trend": 126.53246, "fair_value": 83.644365, "relative_strength": 3.857625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.74991, "energy": 88.389628, "activity_lines": [ 143.795378, 139.603459, 135.924705, 132.089553 ] }, { "date": "2024-03-29", "close": 139.713226, "volume": 220000, "typical_volume": 557350.0, "trend": 127.380514, "fair_value": 84.154496, "relative_strength": -3.031749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.29487, "energy": 67.976136, "activity_lines": [ 143.162933, 140.144437, 136.557151, 132.939925 ] }, { "date": "2024-04-05", "close": 142.73172, "volume": 262000, "typical_volume": 559000.0, "trend": 128.357932, "fair_value": 84.670292, "relative_strength": -1.38531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.962475, "energy": 53.400198, "activity_lines": [ 143.105438, 141.069587, 137.390831, 133.930325 ] }, { "date": "2024-04-12", "close": 136.694717, "volume": 532000, "typical_volume": 575950.0, "trend": 129.205985, "fair_value": 85.150583, "relative_strength": -7.094731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.205007, "energy": 40.52141, "activity_lines": [ 141.006861, 140.740294, 137.544835, 134.468182 ] }, { "date": "2024-04-19", "close": 132.382584, "volume": 370000, "typical_volume": 453200.0, "trend": 129.924674, "fair_value": 85.600951, "relative_strength": -4.286798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.684243, "energy": 17.70827, "activity_lines": [ 137.67214, 139.517214, 137.220397, 134.673124 ] }, { "date": "2024-04-26", "close": 132.382584, "volume": 230000, "typical_volume": 414250.0, "trend": 130.600242, "fair_value": 86.054055, "relative_strength": -6.58183, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.158926, "energy": 18.166402, "activity_lines": [ 135.113605, 138.239253, 136.930867, 134.831699 ] }, { "date": "2024-05-03", "close": 135.401093, "volume": 202000, "typical_volume": 393250.0, "trend": 131.304558, "fair_value": 86.526966, "relative_strength": -4.959387, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.685744, "energy": 22.596632, "activity_lines": [ 134.653647, 137.549313, 136.951401, 135.141431 ] }, { "date": "2024-05-10", "close": 137.988373, "volume": 405000, "typical_volume": 396600.0, "trend": 132.10949, "fair_value": 87.015549, "relative_strength": -4.634457, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.632505, "energy": 20.1401, "activity_lines": [ 135.343592, 137.290585, 137.193703, 135.572645 ] }, { "date": "2024-05-17", "close": 146.61264, "volume": 859000, "typical_volume": 423650.0, "trend": 133.187524, "fair_value": 87.568083, "relative_strength": -1.15454, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 62.646854, "energy": 29.184899, "activity_lines": [ 139.224515, 138.678309, 138.226562, 136.508332 ] }, { "date": "2024-05-24", "close": 145.319, "volume": 526000, "typical_volume": 439550.0, "trend": 134.19369, "fair_value": 88.140151, "relative_strength": -3.314626, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.655159, "energy": 46.459776, "activity_lines": [ 142.01303, 139.705382, 139.058188, 137.291008 ] }, { "date": "2024-05-31", "close": 143.594162, "volume": 272000, "typical_volume": 427200.0, "trend": 135.14236, "fair_value": 88.711655, "relative_strength": -2.625128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.233717, "energy": 56.616997, "activity_lines": [ 143.364171, 140.395327, 139.657782, 137.89749 ] }, { "date": "2024-06-07", "close": 147.475067, "volume": 488000, "typical_volume": 437650.0, "trend": 136.004787, "fair_value": 89.295263, "relative_strength": -3.049307, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.658002, "energy": 69.591606, "activity_lines": [ 145.261509, 141.884974, 140.559224, 138.693149 ] }, { "date": "2024-06-14", "close": 142.73172, "volume": 336000, "typical_volume": 437900.0, "trend": 136.73785, "fair_value": 89.843903, "relative_strength": -8.820979, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.265764, "energy": 58.336176, "activity_lines": [ 144.7728, 142.371069, 140.928836, 139.127144 ] }, { "date": "2024-06-21", "close": 144.456589, "volume": 359000, "typical_volume": 434250.0, "trend": 137.470914, "fair_value": 90.406794, "relative_strength": -10.609267, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.725669, "energy": 44.628415, "activity_lines": [ 144.542823, 143.170778, 141.421653, 139.625127 ] }, { "date": "2024-06-28", "close": 144.456589, "volume": 166000, "typical_volume": 436250.0, "trend": 137.629026, "fair_value": 90.968316, "relative_strength": -9.655614, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.657578, "energy": 37.858807, "activity_lines": [ 144.456584, 143.829361, 141.848761, 140.075816 ] }, { "date": "2024-07-05", "close": 143.013397, "volume": 422000, "typical_volume": 442300.0, "trend": 137.825275, "fair_value": 91.523324, "relative_strength": -12.408515, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.330582, "energy": 25.398088, "activity_lines": [ 143.946774, 144.006018, 142.066553, 140.423195 ] }, { "date": "2024-07-12", "close": 150.254593, "volume": 458000, "typical_volume": 434800.0, "trend": 138.492877, "fair_value": 92.12738, "relative_strength": -9.396413, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.495266, "energy": 41.959117, "activity_lines": [ 145.889415, 145.305969, 142.933628, 141.225086 ] }, { "date": "2024-07-19", "close": 149.349442, "volume": 276000, "typical_volume": 420100.0, "trend": 139.087186, "fair_value": 92.727097, "relative_strength": -5.842502, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.765983, "energy": 50.720634, "activity_lines": [ 147.345036, 146.171283, 143.633499, 141.92551 ] }, { "date": "2024-07-26", "close": 147.086578, "volume": 188000, "typical_volume": 395100.0, "trend": 139.649187, "fair_value": 93.315724, "relative_strength": -4.142397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.194783, "energy": 42.048374, "activity_lines": [ 147.605188, 146.418603, 144.084293, 142.4416 ] }, { "date": "2024-08-02", "close": 155.23291, "volume": 246000, "typical_volume": 363400.0, "trend": 140.453986, "fair_value": 93.958036, "relative_strength": 3.223939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.312743, "energy": 68.051963, "activity_lines": [ 150.405451, 148.138457, 145.275817, 143.447001 ] }, { "date": "2024-08-09", "close": 141.655685, "volume": 617000, "typical_volume": 371700.0, "trend": 140.863705, "fair_value": 94.525512, "relative_strength": -5.062658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.676275, "energy": 28.327308, "activity_lines": [ 147.961552, 147.209471, 145.120903, 143.52453 ] }, { "date": "2024-08-16", "close": 140.750549, "volume": 291000, "typical_volume": 375250.0, "trend": 141.200132, "fair_value": 95.087185, "relative_strength": -9.300655, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.373962, "energy": 12.312008, "activity_lines": [ 145.306454, 146.151161, 144.913657, 143.51723 ] }, { "date": "2024-08-23", "close": 138.940247, "volume": 115000, "typical_volume": 367900.0, "trend": 141.361226, "fair_value": 95.637255, "relative_strength": -9.613523, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 10.226474, "energy": 11.887534, "activity_lines": [ 142.681526, 144.885969, 144.529061, 143.371431 ] }, { "date": "2024-08-30", "close": 141.203125, "volume": 113000, "typical_volume": 346950.0, "trend": 141.712739, "fair_value": 96.208173, "relative_strength": -8.462337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.34958, "energy": 22.300146, "activity_lines": [ 141.504836, 144.101144, 144.378033, 143.361231 ] }, { "date": "2024-09-06", "close": 138.487671, "volume": 95000, "typical_volume": 333200.0, "trend": 142.016858, "fair_value": 96.75778, "relative_strength": -6.635482, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.877871, "energy": 30.594235, "activity_lines": [ 139.815225, 142.881755, 143.946921, 143.153162 ] }, { "date": "2024-09-13", "close": 132.151642, "volume": 261000, "typical_volume": 334750.0, "trend": 141.93729, "fair_value": 97.266773, "relative_strength": -12.11301, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.578925, "energy": 53.400586, "activity_lines": [ 137.129954, 140.618887, 142.883306, 142.516696 ] }, { "date": "2024-09-20", "close": 127.6259, "volume": 193000, "typical_volume": 334300.0, "trend": 141.749987, "fair_value": 97.750169, "relative_strength": -16.416597, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.079488, "energy": 76.299367, "activity_lines": [ 133.569705, 137.730642, 141.389767, 141.593381 ] }, { "date": "2024-09-27", "close": 128.078461, "volume": 343000, "typical_volume": 331200.0, "trend": 141.275919, "fair_value": 98.215486, "relative_strength": -18.274582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.710179, "energy": 78.336625, "activity_lines": [ 131.035287, 135.336112, 139.976354, 140.711347 ] }, { "date": "2024-10-04", "close": 127.173325, "volume": 85000, "typical_volume": 292500.0, "trend": 140.857922, "fair_value": 98.675976, "relative_strength": -16.676373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.065265, "energy": 80.204816, "activity_lines": [ 128.923275, 133.163757, 138.523928, 139.801502 ] }, { "date": "2024-10-11", "close": 129.436188, "volume": 94000, "typical_volume": 270900.0, "trend": 140.371616, "fair_value": 99.154876, "relative_strength": -17.148204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.535474, "energy": 76.182672, "activity_lines": [ 128.500871, 131.764891, 137.379581, 139.064616 ] }, { "date": "2024-10-18", "close": 130.341339, "volume": 108000, "typical_volume": 262700.0, "trend": 139.757371, "fair_value": 99.641041, "relative_strength": -18.326491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.567962, "energy": 63.512304, "activity_lines": [ 128.983616, 130.999629, 136.397072, 138.417501 ] }, { "date": "2024-10-25", "close": 132.604218, "volume": 90000, "typical_volume": 242800.0, "trend": 139.520404, "fair_value": 100.142688, "relative_strength": -16.068529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.573275, "energy": 44.908362, "activity_lines": [ 130.341341, 130.851516, 135.693183, 137.956008 ] }, { "date": "2024-11-01", "close": 132.151642, "volume": 124000, "typical_volume": 232200.0, "trend": 139.167734, "fair_value": 100.642409, "relative_strength": -13.981167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.662158, "energy": 33.03234, "activity_lines": [ 131.21632, 130.76923, 135.017005, 137.480604 ] }, { "date": "2024-11-08", "close": 134.867081, "volume": 195000, "typical_volume": 224000.0, "trend": 139.106813, "fair_value": 101.155146, "relative_strength": -14.717531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.299069, "energy": 26.99425, "activity_lines": [ 132.7249, 131.30409, 134.649822, 137.203142 ] }, { "date": "2024-11-15", "close": 152.517456, "volume": 988000, "typical_volume": 265100.0, "trend": 139.777976, "fair_value": 101.78249, "relative_strength": -0.028009, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 10.677433, "energy": 25.208304, "activity_lines": [ 139.60402, 135.16331, 136.009291, 138.068345 ] }, { "date": "2024-11-22", "close": 149.349442, "volume": 280726, "typical_volume": 258036.3, "trend": 140.343537, "fair_value": 102.360251, "relative_strength": -2.63779, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.555137, "energy": 43.215314, "activity_lines": [ 143.888385, 138.19144, 137.02866, 138.685859 ] }, { "date": "2024-11-29", "close": 152.970032, "volume": 412000, "typical_volume": 255736.3, "trend": 140.929169, "fair_value": 102.958293, "relative_strength": 2.934611, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.376064, "energy": 59.857214, "activity_lines": [ 148.112407, 141.565172, 138.362674, 139.500472 ] }, { "date": "2024-12-06", "close": 162.021515, "volume": 601000, "typical_volume": 271986.3, "trend": 141.730273, "fair_value": 103.613382, "relative_strength": 4.92287, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.072624, "energy": 71.204384, "activity_lines": [ 153.995868, 146.123826, 140.545805, 140.861268 ] }, { "date": "2024-12-13", "close": 156.590637, "volume": 859000, "typical_volume": 305536.3, "trend": 142.062873, "fair_value": 104.231217, "relative_strength": 2.334372, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.995137, "energy": 71.533868, "activity_lines": [ 156.077712, 149.077902, 142.151365, 141.820001 ] }, { "date": "2024-12-20", "close": 158.8535, "volume": 225000, "typical_volume": 304486.3, "trend": 142.514023, "fair_value": 104.859655, "relative_strength": 6.294585, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.80396, "energy": 80.394241, "activity_lines": [ 157.465607, 151.908546, 143.927179, 142.903267 ] }, { "date": "2024-12-27", "close": 164.284393, "volume": 220000, "typical_volume": 284636.3, "trend": 143.203698, "fair_value": 105.527297, "relative_strength": 6.376567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.657616, "energy": 80.301208, "activity_lines": [ 160.241396, 155.191765, 146.20298, 144.307807 ] }, { "date": "2025-01-03", "close": 160.663803, "volume": 198000, "typical_volume": 279986.3, "trend": 143.643322, "fair_value": 106.17417, "relative_strength": 5.844498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.239929, "energy": 58.177303, "activity_lines": [ 160.814658, 157.199549, 148.026208, 145.434266 ] }, { "date": "2025-01-10", "close": 157.043198, "volume": 411000, "typical_volume": 294786.3, "trend": 144.120372, "fair_value": 106.797835, "relative_strength": 3.162049, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.366496, "energy": 52.008479, "activity_lines": [ 159.668135, 158.038867, 149.40979, 146.298774 ] }, { "date": "2025-01-17", "close": 149.802017, "volume": 351000, "typical_volume": 306686.3, "trend": 144.298552, "fair_value": 107.376057, "relative_strength": -1.912016, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.454947, "energy": 36.755567, "activity_lines": [ 156.439771, 157.109033, 150.017532, 146.665332 ] }, { "date": "2025-01-24", "close": 152.06488, "volume": 89000, "typical_volume": 306386.3, "trend": 144.552162, "fair_value": 107.938045, "relative_strength": -1.744217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.390437, "energy": 24.61688, "activity_lines": [ 154.418271, 156.319084, 150.799837, 147.166385 ] }, { "date": "2025-02-07", "close": 157.043198, "volume": 225053, "typical_volume": 304588.95, "trend": 145.019822, "fair_value": 108.54512, "relative_strength": 1.838718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.603801, "energy": 21.893659, "activity_lines": [ 154.508784, 156.442512, 151.991615, 147.972258 ] }, { "date": "2025-02-14", "close": 160.663803, "volume": 462704, "typical_volume": 318074.15, "trend": 145.366796, "fair_value": 109.179307, "relative_strength": 5.716876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.472224, "energy": 25.511387, "activity_lines": [ 156.288912, 157.084346, 153.409681, 148.981547 ] }, { "date": "2025-02-21", "close": 173.335876, "volume": 1620434, "typical_volume": 381945.85, "trend": 146.166344, "fair_value": 109.895701, "relative_strength": 11.254669, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 79.367303, "energy": 56.450207, "activity_lines": [ 162.293064, 159.890306, 155.877287, 150.786004 ] }, { "date": "2025-02-28", "close": 163.831818, "volume": 878525, "typical_volume": 421622.1, "trend": 146.724518, "fair_value": 110.536046, "relative_strength": 8.226232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.357515, "energy": 57.035179, "activity_lines": [ 164.043019, 160.76254, 157.224234, 151.925712 ] }, { "date": "2025-03-07", "close": 157.043198, "volume": 428341, "typical_volume": 438339.15, "trend": 146.784861, "fair_value": 111.134338, "relative_strength": 6.107734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.678504, "energy": 50.412076, "activity_lines": [ 162.59478, 160.268822, 157.750081, 152.591434 ] }, { "date": "2025-03-14", "close": 167.904984, "volume": 1595226, "typical_volume": 512700.45, "trend": 147.659838, "fair_value": 111.799329, "relative_strength": 16.38792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.885003, "energy": 58.47894, "activity_lines": [ 164.435248, 161.782889, 159.178923, 153.954022 ] }, { "date": "2025-03-21", "close": 167.452408, "volume": 389062, "typical_volume": 527653.55, "trend": 148.5499, "fair_value": 112.459955, "relative_strength": 14.73966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.448423, "energy": 43.355108, "activity_lines": [ 165.400739, 163.14884, 160.385787, 155.230962 ] }, { "date": "2025-03-28", "close": 160.663803, "volume": 284388, "typical_volume": 535672.95, "trend": 149.274018, "fair_value": 113.079017, "relative_strength": 13.149903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.821019, "energy": 32.603655, "activity_lines": [ 163.650788, 163.15707, 160.780173, 156.012504 ] }, { "date": "2025-04-04", "close": 156.590637, "volume": 215440, "typical_volume": 536694.95, "trend": 149.786935, "fair_value": 113.668552, "relative_strength": 11.705933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.436726, "energy": 24.883047, "activity_lines": [ 161.387919, 162.358895, 160.650867, 156.484544 ] }, { "date": "2025-04-11", "close": 158.400925, "volume": 714012, "typical_volume": 522995.55, "trend": 150.450711, "fair_value": 114.271644, "relative_strength": 22.843403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.128487, "energy": 15.417191, "activity_lines": [ 160.211225, 161.766434, 160.590524, 157.040285 ] }, { "date": "2025-04-18", "close": 163.831818, "volume": 400296, "typical_volume": 528974.05, "trend": 151.506717, "fair_value": 114.912477, "relative_strength": 27.243791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.058317, "energy": 17.819204, "activity_lines": [ 160.754314, 162.046207, 161.019392, 157.903583 ] }, { "date": "2025-04-25", "close": 186.913086, "volume": 677644, "typical_volume": 542256.25, "trend": 153.482956, "fair_value": 115.684189, "relative_strength": 40.611106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.287481, "energy": 42.10143, "activity_lines": [ 169.262704, 166.399145, 163.577512, 160.187865 ] }, { "date": "2025-05-02", "close": 219.045868, "volume": 2760608, "typical_volume": 650236.65, "trend": 156.515203, "fair_value": 116.668224, "relative_strength": 55.759139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.9817, "energy": 84.542315, "activity_lines": [ 187.184642, 176.117147, 169.034264, 164.41773 ] }, { "date": "2025-05-09", "close": 246.200287, "volume": 3482836, "typical_volume": 781428.45, "trend": 160.482768, "fair_value": 117.82047, "relative_strength": 71.509722, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.30726, "energy": 96.890031, "activity_lines": [ 210.265915, 189.941226, 176.805606, 170.203864 ] }, { "date": "2025-05-16", "close": 209.541809, "volume": 2464727, "typical_volume": 893414.8, "trend": 163.152956, "fair_value": 118.741142, "relative_strength": 38.628747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.196457, "energy": 86.037116, "activity_lines": [ 215.153719, 195.602518, 180.658952, 173.368964 ] }, { "date": "2025-05-23", "close": 211.804672, "volume": 1387743, "typical_volume": 951801.95, "trend": 165.8684, "fair_value": 119.669488, "relative_strength": 40.240226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.111398, "energy": 85.15147, "activity_lines": [ 217.386419, 200.72072, 184.486436, 176.507784 ] }, { "date": "2025-05-30", "close": 202.300613, "volume": 500662, "typical_volume": 966935.05, "trend": 168.191613, "fair_value": 120.536911, "relative_strength": 34.842871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.501686, "energy": 68.950005, "activity_lines": [ 213.252908, 203.312735, 187.182485, 178.858249 ] }, { "date": "2025-06-06", "close": 190.081116, "volume": 490770, "typical_volume": 970923.55, "trend": 170.122596, "fair_value": 121.327955, "relative_strength": 24.187544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.497629, "energy": 40.322032, "activity_lines": [ 204.020397, 203.049419, 188.516501, 180.270475 ] }, { "date": "2025-06-13", "close": 182.38736, "volume": 687636, "typical_volume": 987755.35, "trend": 171.706605, "fair_value": 122.064313, "relative_strength": 16.454667, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.813004, "energy": 22.162574, "activity_lines": [ 194.154284, 200.852379, 188.960455, 181.061751 ] }, { "date": "2025-06-20", "close": 181.029633, "volume": 510241, "typical_volume": 1008817.4, "trend": 172.657011, "fair_value": 122.790992, "relative_strength": 15.147052, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.366556, "energy": 24.654296, "activity_lines": [ 188.08979, 197.939447, 189.119934, 181.663236 ] }, { "date": "2025-06-27", "close": 190.986252, "volume": 362665, "typical_volume": 1015698.0, "trend": 174.044905, "fair_value": 123.571249, "relative_strength": 17.891406, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.832974, "energy": 23.91002, "activity_lines": [ 187.244981, 196.425379, 190.089734, 182.845768 ] }, { "date": "2025-07-04", "close": 188.032394, "volume": 631131, "typical_volume": 1024119.35, "trend": 175.21365, "fair_value": 124.340866, "relative_strength": 15.595181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.861236, "energy": 20.184374, "activity_lines": [ 186.803448, 193.880529, 190.616582, 183.748187 ] }, { "date": "2025-07-11", "close": 187.087509, "volume": 260385, "typical_volume": 956116.9, "trend": 176.049183, "fair_value": 125.124699, "relative_strength": 13.335187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.797534, "energy": 16.149223, "activity_lines": [ 186.998167, 191.143531, 190.923113, 184.514242 ] }, { "date": "2025-07-18", "close": 185.670181, "volume": 273150, "typical_volume": 925848.15, "trend": 177.018501, "fair_value": 125.895789, "relative_strength": 8.957276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.479254, "energy": 10.093485, "activity_lines": [ 186.920017, 188.729897, 191.029177, 185.134951 ] }, { "date": "2025-07-25", "close": 180.94574, "volume": 293102, "typical_volume": 919086.2, "trend": 177.754909, "fair_value": 126.624574, "relative_strength": 5.930698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.728003, "energy": 8.593795, "activity_lines": [ 185.048199, 186.557822, 190.581302, 185.388322 ] }, { "date": "2025-08-01", "close": 190.867049, "volume": 216764, "typical_volume": 850163.1, "trend": 178.640998, "fair_value": 127.39501, "relative_strength": 10.96875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.380613, "energy": 9.46906, "activity_lines": [ 186.489077, 186.70955, 190.964492, 186.234266 ] }, { "date": "2025-08-08", "close": 193.701706, "volume": 338431, "typical_volume": 847631.55, "trend": 179.742261, "fair_value": 128.171598, "relative_strength": 9.609872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.931365, "energy": 14.182704, "activity_lines": [ 188.882788, 187.757354, 191.508306, 187.205925 ] }, { "date": "2025-08-15", "close": 190.86705, "volume": 637287, "typical_volume": 865276.5, "trend": 180.869723, "fair_value": 128.926356, "relative_strength": 6.26969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.949841, "energy": 16.287209, "activity_lines": [ 189.953659, 188.446109, 191.657156, 187.923653 ] }, { "date": "2025-08-22", "close": 187.087509, "volume": 232101, "typical_volume": 866109.55, "trend": 182.112573, "fair_value": 129.678313, "relative_strength": 6.227951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.81325, "energy": 17.606794, "activity_lines": [ 189.512713, 188.433386, 191.302225, 188.324801 ] }, { "date": "2025-08-29", "close": 190.394608, "volume": 487389, "typical_volume": 854778.4, "trend": 183.39023, "fair_value": 130.450946, "relative_strength": 5.580506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.633741, "energy": 17.162924, "activity_lines": [ 190.079646, 188.936496, 191.117033, 188.859125 ] }, { "date": "2025-09-05", "close": 185.197739, "volume": 206636, "typical_volume": 845095.4, "trend": 184.328715, "fair_value": 131.186085, "relative_strength": 1.283099, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.838728, "energy": 4.734878, "activity_lines": [ 188.284364, 188.324449, 190.28455, 188.975739 ] }, { "date": "2025-09-12", "close": 185.670181, "volume": 324107, "typical_volume": 827418.55, "trend": 185.162261, "fair_value": 131.929478, "relative_strength": -2.572763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.545457, "energy": 7.993185, "activity_lines": [ 187.024517, 187.903546, 189.395318, 189.062285 ] }, { "date": "2025-09-19", "close": 179.528412, "volume": 308357, "typical_volume": 704806.0, "trend": 185.368679, "fair_value": 132.631934, "relative_strength": -6.405071, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.162296, "energy": 30.99929, "activity_lines": [ 184.252848, 186.408906, 187.927075, 188.698811 ] }, { "date": "2025-09-26", "close": 179.528412, "volume": 195267, "typical_volume": 540427.55, "trend": 185.891899, "fair_value": 133.335957, "relative_strength": -6.713343, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.515011, "energy": 45.830672, "activity_lines": [ 182.237089, 185.051705, 186.647011, 188.32202 ] }, { "date": "2025-10-03", "close": 180.000854, "volume": 109261, "typical_volume": 422654.25, "trend": 186.657154, "fair_value": 134.036738, "relative_strength": -10.848585, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.946575, "energy": 50.124882, "activity_lines": [ 180.88275, 183.892071, 185.729425, 187.941952 ] }, { "date": "2025-10-10", "close": 178.583527, "volume": 67457, "typical_volume": 356639.95, "trend": 187.013105, "fair_value": 134.737839, "relative_strength": -13.487764, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.855777, "energy": 54.386464, "activity_lines": [ 179.748886, 182.491921, 184.817528, 187.421073 ] }, { "date": "2025-10-17", "close": 178.111084, "volume": 200359, "typical_volume": 341624.8, "trend": 187.368394, "fair_value": 135.441661, "relative_strength": -13.908953, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.128124, "energy": 59.164646, "activity_lines": [ 178.898488, 181.22921, 184.018832, 186.846749 ] }, { "date": "2025-10-24", "close": 180.000854, "volume": 155207, "typical_volume": 324846.65, "trend": 188.012963, "fair_value": 136.138261, "relative_strength": -13.937869, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.233709, "energy": 47.735442, "activity_lines": [ 179.181954, 180.593558, 183.515302, 186.371424 ] }, { "date": "2025-10-31", "close": 182.83551, "volume": 231397, "typical_volume": 302034.7, "trend": 188.887792, "fair_value": 136.858257, "relative_strength": -14.924851, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.42783, "energy": 32.793787, "activity_lines": [ 180.378808, 180.670866, 183.329741, 186.037395 ] }, { "date": "2025-11-07", "close": 183.307953, "volume": 267336, "typical_volume": 289889.45, "trend": 189.718026, "fair_value": 137.583896, "relative_strength": -13.091749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.391916, "energy": 22.347058, "activity_lines": [ 181.512671, 180.911381, 183.187041, 185.677405 ] }, { "date": "2025-11-14", "close": 159.685806, "volume": 749209, "typical_volume": 309216.65, "trend": 189.579826, "fair_value": 138.153929, "relative_strength": -23.609376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.015169, "energy": 56.146056, "activity_lines": [ 174.552011, 176.985809, 180.783762, 183.739842 ] }, { "date": "2025-11-21", "close": 157.796021, "volume": 182303, "typical_volume": 286775.25, "trend": 188.609257, "fair_value": 138.709236, "relative_strength": -21.619169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.279345, "energy": 80.591204, "activity_lines": [ 168.221271, 173.180493, 178.349554, 181.689274 ] }, { "date": "2025-11-28", "close": 162.048019, "volume": 66198, "typical_volume": 277065.9, "trend": 186.709329, "fair_value": 139.278212, "relative_strength": -22.851212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.918278, "energy": 82.564402, "activity_lines": [ 164.662201, 170.65507, 176.464282, 179.975646 ] }, { "date": "2025-12-05", "close": 164.410233, "volume": 92004, "typical_volume": 268008.6, "trend": 183.982994, "fair_value": 139.868078, "relative_strength": -22.522955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.319963, "energy": 82.389586, "activity_lines": [ 163.087391, 168.876966, 174.923217, 178.536995 ] }, { "date": "2025-12-12", "close": 158.740906, "volume": 150158, "typical_volume": 260861.4, "trend": 182.28963, "fair_value": 140.417945, "relative_strength": -25.51444, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.483284, "energy": 83.848357, "activity_lines": [ 160.851158, 166.342952, 172.943454, 176.908473 ] }, { "date": "2025-12-19", "close": 159.213364, "volume": 42058, "typical_volume": 252126.1, "trend": 180.536586, "fair_value": 140.972931, "relative_strength": -23.735087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.559937, "energy": 74.688423, "activity_lines": [ 160.410213, 164.281383, 171.114425, 175.419682 ] }, { "date": "2025-12-26", "close": 156.851135, "volume": 60000, "typical_volume": 238204.55, "trend": 179.021604, "fair_value": 141.51382, "relative_strength": -26.83651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.838525, "energy": 66.556466, "activity_lines": [ 159.213356, 162.142503, 169.211153, 173.891588 ] }, { "date": "2026-01-02", "close": 159.213364, "volume": 65151, "typical_volume": 209597.75, "trend": 177.992679, "fair_value": 142.072463, "relative_strength": -27.439599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.678624, "energy": 57.248753, "activity_lines": [ 158.8669, 160.819664, 167.708335, 172.613637 ] }, { "date": "2026-01-09", "close": 155.433807, "volume": 185389, "typical_volume": 207262.15, "trend": 177.094227, "fair_value": 142.614195, "relative_strength": -31.024679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.923768, "energy": 57.017137, "activity_lines": [ 157.449569, 159.187587, 165.99629, 171.158226 ] }, { "date": "2026-01-16", "close": 160.158249, "volume": 237471, "typical_volume": 194766.25, "trend": 176.398514, "fair_value": 143.182554, "relative_strength": -31.154897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.293093, "energy": 50.032609, "activity_lines": [ 158.20548, 158.912712, 164.884925, 170.065582 ] }, { "date": "2026-01-23", "close": 164.410233, "volume": 158181, "typical_volume": 192343.5, "trend": 175.512647, "fair_value": 143.76615, "relative_strength": -30.309323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.785368, "energy": 36.434865, "activity_lines": [ 160.28423, 159.831829, 164.322492, 169.292145 ] }, { "date": "2026-01-30", "close": 161.575577, "volume": 164047, "typical_volume": 184340.5, "trend": 174.630753, "fair_value": 144.316943, "relative_strength": -31.474924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.312077, "energy": 29.872787, "activity_lines": [ 161.071636, 160.149655, 163.589081, 168.392979 ] }, { "date": "2026-02-06", "close": 160.630692, "volume": 90297, "typical_volume": 173437.5, "trend": 173.748859, "fair_value": 144.855408, "relative_strength": -30.978627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.92819, "energy": 23.223788, "activity_lines": [ 161.229118, 160.226965, 162.880417, 167.489749 ] }, { "date": "2026-02-13", "close": 173.386658, "volume": 475022, "typical_volume": 187425.25, "trend": 173.339408, "fair_value": 145.457875, "relative_strength": -29.207648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.716323, "energy": 16.297554, "activity_lines": [ 165.5441, 162.649311, 163.476596, 167.466381 ] }, { "date": "2026-02-27", "close": 176.221313, "volume": 322041, "typical_volume": 198064.25, "trend": 173.181928, "fair_value": 146.087396, "relative_strength": -31.303005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.166602, "energy": 22.464204, "activity_lines": [ 169.607111, 165.42384, 164.371988, 167.652311 ] }, { "date": "2026-03-06", "close": 167.244888, "volume": 147152, "typical_volume": 202049.0, "trend": 172.394522, "fair_value": 146.654673, "relative_strength": -30.889873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.811279, "energy": 19.852942, "activity_lines": [ 169.607108, 166.248467, 164.430481, 167.269276 ] }, { "date": "2026-03-13", "close": 161.575577, "volume": 291100, "typical_volume": 206586.05, "trend": 171.323651, "fair_value": 147.141712, "relative_strength": -32.452239, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.566081, "energy": 19.54443, "activity_lines": [ 167.528359, 165.896283, 164.003033, 166.571279 ] }, { "date": "2026-03-20", "close": 160.630692, "volume": 116054, "typical_volume": 204628.4, "trend": 170.315773, "fair_value": 147.620081, "relative_strength": -32.618173, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.387833, "energy": 15.368741, "activity_lines": [ 165.134648, 165.286402, 163.564336, 165.881411 ] }, { "date": "2026-03-27", "close": 156.378693, "volume": 177156, "typical_volume": 201916.35, "trend": 169.292145, "fair_value": 148.029388, "relative_strength": -33.036929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.362223, "energy": 34.509994, "activity_lines": [ 161.323604, 163.877661, 162.812926, 164.982245 ] }, { "date": "2026-04-03", "close": 155.433807, "volume": 81212, "typical_volume": 192610.15, "trend": 168.126785, "fair_value": 148.432638, "relative_strength": -31.842451, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.326657, "energy": 44.395713, "activity_lines": [ 158.331462, 162.279943, 162.097511, 164.088158 ] }, { "date": "2026-04-10", "close": 157.796021, "volume": 60083, "typical_volume": 158153.85, "trend": 167.213395, "fair_value": 148.840579, "relative_strength": -35.855061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.697432, "energy": 53.758808, "activity_lines": [ 157.512558, 161.197617, 161.739803, 163.421657 ] }, { "date": "2026-04-17", "close": 154.488922, "volume": 310141, "typical_volume": 164545.75, "trend": 166.174019, "fair_value": 149.209031, "relative_strength": -38.90324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.17312, "energy": 60.618357, "activity_lines": [ 156.221213, 159.634259, 161.076133, 162.600724 ] }, { "date": "2026-04-24", "close": 154.961365, "volume": 241001, "typical_volume": 173285.9, "trend": 165.355118, "fair_value": 149.415901, "relative_strength": -41.332661, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.633408, "energy": 54.080954, "activity_lines": [ 155.559792, 158.285648, 160.473205, 161.877327 ] }, { "date": "2026-05-01", "close": 154.016479, "volume": 95155, "typical_volume": 173443.45, "trend": 164.50472, "fair_value": 149.661132, "relative_strength": -40.766883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.775735, "energy": 44.801823, "activity_lines": [ 154.961365, 156.868318, 159.814034, 161.145802 ] }, { "date": "2026-05-08", "close": 157.323578, "volume": 164145, "typical_volume": 174142.8, "trend": 163.748811, "fair_value": 149.804758, "relative_strength": -42.265712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.557423, "energy": 37.019797, "activity_lines": [ 155.622784, 156.404464, 159.519319, 160.682502 ] }, { "date": "2026-05-15", "close": 162.048019, "volume": 665076, "typical_volume": 205293.7, "trend": 163.197627, "fair_value": 149.991733, "relative_strength": -38.493558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.97484, "energy": 19.556022, "activity_lines": [ 157.733033, 157.143194, 159.6813, 160.572774 ] }, { "date": "2026-05-22", "close": 162.992905, "volume": 153021, "typical_volume": 209944.75, "trend": 162.693688, "fair_value": 150.268377, "relative_strength": -38.681372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.938411, "energy": 13.305636, "activity_lines": [ 159.874777, 158.148211, 159.919771, 160.559566 ] }, { "date": "2026-05-29", "close": 163.93779, "volume": 289392, "typical_volume": 221156.8, "trend": 162.158253, "fair_value": 150.551077, "relative_strength": -40.613492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.682292, "energy": 17.790415, "activity_lines": [ 161.764551, 159.299255, 160.218985, 160.63983 ] }, { "date": "2026-06-05", "close": 180.94574, "volume": 820541, "typical_volume": 252914.4, "trend": 162.09526, "fair_value": 150.955868, "relative_strength": -33.817437, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 58.505447, "energy": 60.673651, "activity_lines": [ 168.725213, 163.482524, 162.115507, 161.851926 ] }, { "date": "2026-06-12", "close": 169.607101, "volume": 584502, "typical_volume": 270265.95, "trend": 161.638565, "fair_value": 151.287974, "relative_strength": -35.691732, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.512005, "energy": 67.068482, "activity_lines": [ 170.111044, 165.157549, 162.810673, 162.336561 ] }, { "date": "2026-06-19", "close": 169.134659, "volume": 199142, "typical_volume": 272314.0, "trend": 161.953527, "fair_value": 151.611827, "relative_strength": -38.118593, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.57703, "energy": 66.940222, "activity_lines": [ 170.520494, 166.48898, 163.41585, 162.82018 ] }, { "date": "2026-06-26", "close": 163.93779, "volume": 249018, "typical_volume": 276562.55, "trend": 162.158253, "fair_value": 151.941559, "relative_strength": -36.531301, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.732711, "energy": 56.065996, "activity_lines": [ 168.725211, 166.669368, 163.503589, 162.948197 ] }, { "date": "2026-07-03", "close": 167.0, "volume": 269079, "typical_volume": 285501.65, "trend": 162.323319, "fair_value": 152.290921, "relative_strength": -37.38281, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.715792, "energy": 28.610101, "activity_lines": [ 167.887672, 167.234723, 163.871719, 163.260568 ] }, { "date": "2026-07-10", "close": 164.0, "volume": 137007, "typical_volume": 268600.9, "trend": 162.309644, "fair_value": 152.62075, "relative_strength": -35.54734, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.301637, "energy": 16.404024, "activity_lines": [ 165.845986, 167.035741, 163.923805, 163.368741 ] }, { "date": "2026-07-17", "close": 161.0, "volume": 270037, "typical_volume": 266000.7, "trend": 162.384947, "fair_value": 152.942404, "relative_strength": -31.705659, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.336142, "energy": 15.810316, "activity_lines": [ 163.934016, 166.109785, 163.734875, 163.284248 ] }, { "date": "2026-07-24", "close": 165.5, "volume": 108592, "typical_volume": 264072.7, "trend": 162.594502, "fair_value": 153.323311, "relative_strength": -30.372901, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.532096, "energy": 16.057744, "activity_lines": [ 164.095853, 165.935166, 164.046998, 163.485219 ] }, { "date": "2026-07-31", "close": 164.5, "volume": 170107, "typical_volume": 258023.05, "trend": 162.849464, "fair_value": 153.675694, "relative_strength": -28.948691, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.584241, "energy": 15.153315, "activity_lines": [ 164.166667, 165.515967, 164.272193, 163.608154 ] }, { "date": "2026-08-07", "close": 165.0, "volume": 81021, "typical_volume": 256271.4, "trend": 163.042352, "fair_value": 154.00364, "relative_strength": -29.399115, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.986075, "energy": 12.722172, "activity_lines": [ 164.366667, 165.160274, 164.531081, 163.746898 ] }, { "date": "2026-08-14", "close": 163.5, "volume": 187109, "typical_volume": 256769.05, "trend": 163.311225, "fair_value": 154.349612, "relative_strength": -31.338486, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.846984, "energy": 6.231805, "activity_lines": [ 164.2, 164.512542, 164.626305, 163.776424 ] } ], "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." } } }