{ "ticker": { "uuid": "d84a146e-1225-4a9c-8473-5d26c92aa1dd", "symbol": "TEXINFRA", "name": "Texmaco Infrastructure & Holdings Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 65.81, "architecture_energy": 65.649, "architecture_maturity": 20.474, "architecture_confidence": 85.892, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 7.5, "rotation_up": 66.99, "upward_expansion": 88.9, "deceleration": 49.27, "rotation_down": 17.78, "downward_expansion": 13.23 }, "activity_lines": [ 113.525999, 111.846181, 107.017047, 103.834538 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 113.610001, "trend_reference": 100.458, "distance_from_trend": 0.13092, "trend_direction": "Improving", "fair_value": 105.802382, "distance_from_fair_value": 0.073794, "fair_value_direction": "Improving", "relative_strength": 14.64808, "relative_strength_direction": "Improving", "price_momentum": 0.171237, "excess_performance": 0.214946, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.13092, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023877, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.073794, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.072628, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.146481, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.07097, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.171237, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.426012, "read": "Supply-led" } ], "volume": { "latest": 1169581, "relative_activity": 2.45395, "balance": 0.426012, "dry_up": 1.259255, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.045567, "annualized_volatility": 0.247197, "from_high_reference": -0.037203, "from_low_reference": 0.377091 }, "levels": { "trend_reference": 100.458, "fair_value_reference": 105.802382, "structural_low": 82.5, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.060528, "positive_rate": 0.3125, "directional_follow_through": 0.3125, "median_excess_return": -0.03946, "regime_survival": 0.5625, "best_return": 0.324919, "worst_return": -0.14632, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.051847, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": 0.04157, "regime_survival": 0.375, "best_return": 0.482278, "worst_return": -0.237162, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.07815, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.081797, "regime_survival": 0.4, "best_return": 0.822921, "worst_return": -0.143695, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.169066, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.188348, "regime_survival": 0.333333, "best_return": 1.189137, "worst_return": -0.243008, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": -0.193296, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": 0.055041, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.034924, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.058122, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-08-15", "tenure": "Developing", "return": -0.075426, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-10-24", "tenure": "Developing", "return": 0.011535, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2025-11-28", "tenure": "Developing", "return": 0.011846, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": -0.011429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-01-09", "tenure": "New", "return": -0.011052, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": -0.041267, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.086786, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.109003, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-07-03", "tenure": "Developing", "return": 0.107505, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.007773, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 79.065903, "volume": 6315097, "typical_volume": 1132739.9, "trend": 59.265428, "fair_value": 58.884311, "relative_strength": 24.335232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.537161, "energy": 82.18488, "activity_lines": [ 78.916629, 73.571687, 66.617806, 63.022232 ] }, { "date": "2023-08-25", "close": 81.703094, "volume": 2747095, "typical_volume": 1268244.85, "trend": 60.112977, "fair_value": 59.14682, "relative_strength": 28.141963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.946672, "energy": 69.167085, "activity_lines": [ 80.077656, 75.896755, 68.480661, 64.469823 ] }, { "date": "2023-09-01", "close": 84.589081, "volume": 4242865, "typical_volume": 1478400.3, "trend": 61.055068, "fair_value": 59.443307, "relative_strength": 30.802604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.720618, "energy": 62.258874, "activity_lines": [ 81.722999, 78.310485, 70.481893, 66.048927 ] }, { "date": "2023-09-08", "close": 81.504066, "volume": 2494166, "typical_volume": 1585979.85, "trend": 61.915886, "fair_value": 59.725098, "relative_strength": 23.328735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.452965, "energy": 55.868691, "activity_lines": [ 82.004964, 79.677482, 72.035299, 67.368217 ] }, { "date": "2023-09-15", "close": 73.492973, "volume": 2770360, "typical_volume": 1697453.4, "trend": 62.549475, "fair_value": 59.957441, "relative_strength": 9.157685, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.399837, "energy": 44.514876, "activity_lines": [ 79.314698, 79.146424, 72.715328, 68.115126 ] }, { "date": "2023-09-22", "close": 71.299156, "volume": 912140, "typical_volume": 1726384.2, "trend": 63.179598, "fair_value": 60.188105, "relative_strength": 8.554977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.77283, "energy": 30.183936, "activity_lines": [ 76.390742, 78.046408, 73.114628, 68.679621 ] }, { "date": "2023-09-29", "close": 69.155197, "volume": 1346465, "typical_volume": 1785587.1, "trend": 63.759817, "fair_value": 60.403437, "relative_strength": 5.521017, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.335849, "energy": 22.352693, "activity_lines": [ 73.269916, 76.371199, 73.240339, 69.065144 ] }, { "date": "2023-10-06", "close": 70.950142, "volume": 650635, "typical_volume": 1810385.7, "trend": 64.313621, "fair_value": 60.627735, "relative_strength": 8.111299, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.596533, "energy": 23.925223, "activity_lines": [ 71.583932, 75.120212, 73.47638, 69.529036 ] }, { "date": "2023-10-13", "close": 80.174164, "volume": 3276844, "typical_volume": 1965900.9, "trend": 65.203088, "fair_value": 60.924497, "relative_strength": 21.173208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.112443, "energy": 22.483228, "activity_lines": [ 73.881884, 75.702925, 74.512022, 70.552296 ] }, { "date": "2023-10-20", "close": 77.980339, "volume": 5297349, "typical_volume": 2218937.05, "trend": 66.092406, "fair_value": 61.204655, "relative_strength": 18.696711, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.747672, "energy": 20.088636, "activity_lines": [ 75.537222, 75.828614, 75.209529, 71.376635 ] }, { "date": "2023-10-27", "close": 79.476128, "volume": 1463513, "typical_volume": 2264114.55, "trend": 67.106222, "fair_value": 61.4998, "relative_strength": 23.636061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.448717, "energy": 33.198368, "activity_lines": [ 77.391998, 76.280381, 75.929081, 72.240101 ] }, { "date": "2023-11-03", "close": 85.808296, "volume": 4351541, "typical_volume": 2466334.6, "trend": 68.198421, "fair_value": 61.828233, "relative_strength": 31.418693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.031376, "energy": 56.093173, "activity_lines": [ 80.812365, 77.875992, 77.151412, 73.446687 ] }, { "date": "2023-11-10", "close": 100.317413, "volume": 22730360, "typical_volume": 3580161.4, "trend": 69.800795, "fair_value": 62.240783, "relative_strength": 50.437318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.66674, "energy": 77.128564, "activity_lines": [ 87.958898, 82.034985, 79.621808, 75.51888 ] }, { "date": "2023-11-17", "close": 102.660812, "volume": 4141464, "typical_volume": 3778484.4, "trend": 71.278932, "fair_value": 62.666767, "relative_strength": 49.934484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.241697, "energy": 85.938775, "activity_lines": [ 93.928746, 86.33408, 82.113248, 77.638881 ] }, { "date": "2023-11-24", "close": 105.303375, "volume": 12389348, "typical_volume": 4319441.3, "trend": 72.841837, "fair_value": 63.103658, "relative_strength": 51.628802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.257867, "energy": 88.008423, "activity_lines": [ 99.280339, 90.728973, 84.639986, 79.834006 ] }, { "date": "2023-12-01", "close": 99.968407, "volume": 4485270, "typical_volume": 4527872.3, "trend": 74.283302, "fair_value": 63.498096, "relative_strength": 39.448358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.71913, "energy": 82.525252, "activity_lines": [ 101.032073, 93.575501, 86.462608, 81.584107 ] }, { "date": "2023-12-08", "close": 101.165024, "volume": 4988532, "typical_volume": 4611871.55, "trend": 75.774607, "fair_value": 63.879566, "relative_strength": 35.287837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.61163, "energy": 75.979543, "activity_lines": [ 101.816527, 96.118337, 88.214121, 83.318412 ] }, { "date": "2023-12-15", "close": 105.502815, "volume": 6915399, "typical_volume": 4794165.45, "trend": 77.478507, "fair_value": 64.290112, "relative_strength": 36.687646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.063994, "energy": 64.590224, "activity_lines": [ 103.02313, 98.867865, 90.251962, 85.236361 ] }, { "date": "2023-12-22", "close": 107.048454, "volume": 15613766, "typical_volume": 5499740.8, "trend": 79.278712, "fair_value": 64.712471, "relative_strength": 37.968097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.253205, "energy": 55.135351, "activity_lines": [ 104.399253, 101.270188, 92.313485, 87.1441 ] }, { "date": "2023-12-29", "close": 104.306175, "volume": 4573503, "typical_volume": 5585285.6, "trend": 80.999117, "fair_value": 65.092169, "relative_strength": 31.040668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.22051, "energy": 49.828401, "activity_lines": [ 104.568773, 102.685292, 93.970637, 88.758775 ] }, { "date": "2024-01-05", "close": 104.056885, "volume": 3391071, "typical_volume": 5439084.3, "trend": 82.520472, "fair_value": 65.443915, "relative_strength": 29.806669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.897594, "energy": 46.606749, "activity_lines": [ 104.721676, 103.576418, 95.49286, 90.246373 ] }, { "date": "2024-01-12", "close": 111.38623, "volume": 7881361, "typical_volume": 5695797.6, "trend": 84.30936, "fair_value": 65.813116, "relative_strength": 36.507098, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.743663, "energy": 51.084099, "activity_lines": [ 107.045129, 105.35323, 97.59411, 92.108679 ] }, { "date": "2024-01-19", "close": 111.38623, "volume": 6886947, "typical_volume": 5828001.7, "trend": 86.093271, "fair_value": 66.175967, "relative_strength": 36.871625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.617683, "energy": 48.467662, "activity_lines": [ 108.687169, 106.664988, 99.554012, 93.855574 ] }, { "date": "2024-01-26", "close": 119.214188, "volume": 10633618, "typical_volume": 6234974.3, "trend": 88.159677, "fair_value": 66.583917, "relative_strength": 46.554631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.443204, "energy": 53.660086, "activity_lines": [ 112.5463, 109.19876, 102.131829, 95.992408 ] }, { "date": "2024-02-02", "close": 127.191719, "volume": 17368552, "typical_volume": 6964883.9, "trend": 90.261454, "fair_value": 67.010302, "relative_strength": 50.74746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.791557, "energy": 67.907092, "activity_lines": [ 118.253559, 112.882022, 105.289838, 98.510604 ] }, { "date": "2024-02-09", "close": 116.122894, "volume": 6647000, "typical_volume": 7251626.9, "trend": 92.095444, "fair_value": 67.298104, "relative_strength": 36.573862, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.381987, "energy": 59.351924, "activity_lines": [ 118.745507, 114.154801, 107.137966, 100.179084 ] }, { "date": "2024-02-16", "close": 113.480347, "volume": 4845528, "typical_volume": 7426580.05, "trend": 93.393526, "fair_value": 67.573729, "relative_strength": 30.543897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.55153, "energy": 48.717397, "activity_lines": [ 117.552205, 114.653398, 108.520975, 101.558755 ] }, { "date": "2024-02-23", "close": 113.131325, "volume": 4328395, "typical_volume": 7610468.05, "trend": 94.512454, "fair_value": 67.853784, "relative_strength": 27.829986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.227531, "energy": 41.308606, "activity_lines": [ 116.102955, 114.864622, 109.659673, 102.832162 ] }, { "date": "2024-03-01", "close": 112.58287, "volume": 6008159, "typical_volume": 7747033.8, "trend": 95.699347, "fair_value": 68.126196, "relative_strength": 25.22404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.622549, "energy": 26.368946, "activity_lines": [ 114.354547, 114.837427, 110.545274, 103.997995 ] }, { "date": "2024-03-08", "close": 104.455765, "volume": 1839199, "typical_volume": 7574126.3, "trend": 96.482649, "fair_value": 68.344606, "relative_strength": 14.550994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.831894, "energy": 17.755889, "activity_lines": [ 110.339191, 113.23195, 110.502537, 104.562925 ] }, { "date": "2024-03-15", "close": 92.688904, "volume": 4827840, "typical_volume": 7742342.65, "trend": 96.936749, "fair_value": 68.491398, "relative_strength": 3.287628, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.653722, "energy": 12.563091, "activity_lines": [ 103.917279, 109.484324, 109.213074, 104.318167 ] }, { "date": "2024-03-22", "close": 96.577957, "volume": 2414689, "typical_volume": 7645500.05, "trend": 97.432578, "fair_value": 68.665977, "relative_strength": 6.588192, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.117757, "energy": 18.095641, "activity_lines": [ 100.353984, 106.65049, 108.231079, 104.295019 ] }, { "date": "2024-03-29", "close": 94.63343, "volume": 2276091, "typical_volume": 6622786.6, "trend": 97.767389, "fair_value": 68.823646, "relative_strength": 2.685344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.716976, "energy": 29.993655, "activity_lines": [ 97.269339, 103.732346, 107.012607, 104.114429 ] }, { "date": "2024-04-05", "close": 104.306175, "volume": 1625542, "typical_volume": 6496990.5, "trend": 98.52746, "fair_value": 69.035065, "relative_strength": 11.401684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.51519, "energy": 18.192805, "activity_lines": [ 98.642136, 102.87748, 106.742415, 104.536286 ] }, { "date": "2024-04-12", "close": 99.021072, "volume": 1138342, "typical_volume": 5934440.2, "trend": 99.378396, "fair_value": 69.209747, "relative_strength": 5.018097, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.045309, "energy": 25.186195, "activity_lines": [ 98.805011, 101.33274, 105.961045, 104.568132 ] }, { "date": "2024-04-19", "close": 93.686096, "volume": 1528623, "typical_volume": 5786607.85, "trend": 100.124628, "fair_value": 69.362613, "relative_strength": 0.605059, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.77354, "energy": 21.029383, "activity_lines": [ 97.551874, 99.330199, 104.701497, 104.200887 ] }, { "date": "2024-04-26", "close": 100.467003, "volume": 2622133, "typical_volume": 5668287.9, "trend": 101.168354, "fair_value": 69.561169, "relative_strength": 5.968702, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.176504, "energy": 15.824476, "activity_lines": [ 98.49256, 98.968492, 104.117666, 104.222976 ] }, { "date": "2024-05-03", "close": 97.026688, "volume": 924596, "typical_volume": 5368747.75, "trend": 102.037573, "fair_value": 69.740212, "relative_strength": 1.541669, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.108566, "energy": 20.162254, "activity_lines": [ 98.027204, 98.217879, 103.20951, 103.955772 ] }, { "date": "2024-05-10", "close": 89.448036, "volume": 1235630, "typical_volume": 4649840.95, "trend": 102.346702, "fair_value": 69.863054, "relative_strength": -5.023022, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.165616, "energy": 40.547017, "activity_lines": [ 94.87608, 96.38214, 101.61994, 103.143543 ] }, { "date": "2024-05-17", "close": 102.162224, "volume": 12422377, "typical_volume": 5042284.65, "trend": 103.152765, "fair_value": 70.069302, "relative_strength": 5.750209, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.727085, "energy": 27.044773, "activity_lines": [ 96.953562, 97.278706, 101.325057, 103.131642 ] }, { "date": "2024-05-24", "close": 119.064613, "volume": 14942325, "typical_volume": 5619847.35, "trend": 104.472381, "fair_value": 70.384534, "relative_strength": 19.37219, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.432704, "energy": 8.623071, "activity_lines": [ 104.455763, 101.290134, 102.650134, 104.158213 ] }, { "date": "2024-05-31", "close": 115.075844, "volume": 5874798, "typical_volume": 5519519.2, "trend": 105.447966, "fair_value": 70.673244, "relative_strength": 16.390025, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 21.461169, "energy": 22.971796, "activity_lines": [ 108.936474, 104.096773, 103.523863, 104.842307 ] }, { "date": "2024-06-07", "close": 123.153091, "volume": 8244376, "typical_volume": 5587390.65, "trend": 106.209155, "fair_value": 71.017224, "relative_strength": 19.37782, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.337835, "energy": 37.607688, "activity_lines": [ 115.135677, 108.035677, 105.149284, 105.984573 ] }, { "date": "2024-06-14", "close": 138.749161, "volume": 15502519, "typical_volume": 5830835.7, "trend": 107.4121, "fair_value": 71.478324, "relative_strength": 31.860372, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.312529, "energy": 82.751692, "activity_lines": [ 124.79181, 114.291691, 108.204013, 108.083928 ] }, { "date": "2024-06-21", "close": 139.507034, "volume": 8916491, "typical_volume": 5408232.65, "trend": 108.552222, "fair_value": 71.944917, "relative_strength": 30.789699, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.239652, "energy": 84.951223, "activity_lines": [ 131.413826, 120.059264, 111.237896, 110.154569 ] }, { "date": "2024-06-28", "close": 138.350296, "volume": 10415610, "typical_volume": 5596663.15, "trend": 109.831618, "fair_value": 72.410128, "relative_strength": 25.474939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.64917, "energy": 83.616808, "activity_lines": [ 135.160608, 124.880413, 114.102969, 112.077026 ] }, { "date": "2024-07-05", "close": 144.712357, "volume": 11962321, "typical_volume": 5952502.8, "trend": 111.283196, "fair_value": 72.920884, "relative_strength": 28.142515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.996083, "energy": 86.136162, "activity_lines": [ 139.742366, 130.046223, 117.468108, 114.327396 ] }, { "date": "2024-07-12", "close": 133.763214, "volume": 8708777, "typical_volume": 6171521.9, "trend": 112.225209, "fair_value": 73.35796, "relative_strength": 16.458266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.28537, "energy": 67.329609, "activity_lines": [ 138.698641, 132.41682, 119.641748, 115.77772 ] }, { "date": "2024-07-19", "close": 127.690315, "volume": 4344964, "typical_volume": 6088362.15, "trend": 112.913271, "fair_value": 73.769126, "relative_strength": 10.393002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.747438, "energy": 47.33447, "activity_lines": [ 134.923275, 133.015316, 121.138769, 116.775468 ] }, { "date": "2024-07-26", "close": 136.505478, "volume": 5617938, "typical_volume": 6277299.1, "trend": 113.986581, "fair_value": 74.245689, "relative_strength": 15.885934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.122428, "energy": 42.508775, "activity_lines": [ 134.823553, 134.521254, 123.40339, 118.297546 ] }, { "date": "2024-08-02", "close": 132.317291, "volume": 6291065, "typical_volume": 6350460.35, "trend": 114.928595, "fair_value": 74.697945, "relative_strength": 12.221637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.034119, "energy": 29.234933, "activity_lines": [ 133.527873, 134.641282, 125.116518, 119.480173 ] }, { "date": "2024-08-09", "close": 125.89537, "volume": 2693296, "typical_volume": 6364390.7, "trend": 115.412233, "fair_value": 75.106812, "relative_strength": 7.874856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.144151, "energy": 22.758701, "activity_lines": [ 130.493753, 133.352729, 126.029327, 120.187707 ] }, { "date": "2024-08-16", "close": 123.791298, "volume": 1683075, "typical_volume": 6334739.9, "trend": 115.825735, "fair_value": 75.528545, "relative_strength": 4.921302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.447832, "energy": 19.387693, "activity_lines": [ 128.012741, 131.4849, 126.602142, 120.728291 ] }, { "date": "2024-08-23", "close": 131.958282, "volume": 6551991, "typical_volume": 6581062.35, "trend": 116.250538, "fair_value": 75.99755, "relative_strength": 10.099302, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.824821, "energy": 19.311142, "activity_lines": [ 128.918851, 131.090373, 127.813918, 121.769101 ] }, { "date": "2024-08-30", "close": 132.795929, "volume": 5049523, "typical_volume": 6776621.4, "trend": 116.437345, "fair_value": 76.459224, "relative_strength": 8.592494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.241088, "energy": 18.713334, "activity_lines": [ 129.819647, 130.971615, 128.973794, 122.836545 ] }, { "date": "2024-09-06", "close": 135.358719, "volume": 6150080, "typical_volume": 7007694.25, "trend": 117.078539, "fair_value": 76.948757, "relative_strength": 11.805311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.893283, "energy": 28.06104, "activity_lines": [ 131.822008, 131.44084, 130.216912, 124.057279 ] }, { "date": "2024-09-13", "close": 132.048035, "volume": 1994965, "typical_volume": 6976335.85, "trend": 117.697462, "fair_value": 77.419305, "relative_strength": 6.243613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.843141, "energy": 29.643231, "activity_lines": [ 132.518047, 131.362515, 130.946285, 125.023053 ] }, { "date": "2024-09-20", "close": 131.309586, "volume": 2293203, "typical_volume": 7044766.2, "trend": 118.303404, "fair_value": 77.886712, "relative_strength": 3.275265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.86454, "energy": 25.142839, "activity_lines": [ 132.557758, 131.380186, 131.454945, 125.901255 ] }, { "date": "2024-09-27", "close": 126.756882, "volume": 3624815, "typical_volume": 7164225.45, "trend": 118.775871, "fair_value": 78.319519, "relative_strength": -2.286359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.179347, "energy": 16.324809, "activity_lines": [ 130.578682, 130.614705, 131.366761, 126.44664 ] }, { "date": "2024-10-04", "close": 117.651474, "volume": 2117594, "typical_volume": 6648986.3, "trend": 119.215728, "fair_value": 78.697463, "relative_strength": -5.484958, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.338528, "energy": 7.424166, "activity_lines": [ 125.91123, 128.210666, 130.233735, 126.374098 ] }, { "date": "2024-10-11", "close": 119.748116, "volume": 3737119, "typical_volume": 6088726.0, "trend": 120.117702, "fair_value": 79.087253, "relative_strength": -3.880569, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.388371, "energy": 13.586159, "activity_lines": [ 122.952289, 126.530635, 129.22663, 126.408446 ] }, { "date": "2024-10-18", "close": 115.355156, "volume": 1469236, "typical_volume": 5868447.9, "trend": 120.743609, "fair_value": 79.448884, "relative_strength": -7.228909, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.815672, "energy": 32.70645, "activity_lines": [ 119.569734, 124.280414, 127.797894, 126.101185 ] }, { "date": "2024-10-25", "close": 109.434639, "volume": 2837580, "typical_volume": 5598108.1, "trend": 121.236982, "fair_value": 79.795181, "relative_strength": -9.662535, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.398925, "energy": 50.909137, "activity_lines": [ 115.326533, 121.145376, 125.803968, 125.371574 ] }, { "date": "2024-11-01", "close": 117.881104, "volume": 2020419, "typical_volume": 4924003.1, "trend": 121.68948, "fair_value": 80.164403, "relative_strength": -3.32874, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.476545, "energy": 47.838164, "activity_lines": [ 115.35715, 119.807089, 124.679794, 125.155066 ] }, { "date": "2024-11-08", "close": 125.668633, "volume": 2489015, "typical_volume": 4602629.3, "trend": 122.577732, "fair_value": 80.585137, "relative_strength": 3.708194, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.532841, "energy": 26.063188, "activity_lines": [ 118.575328, 120.140666, 124.396661, 125.411785 ] }, { "date": "2024-11-15", "close": 120.377106, "volume": 2267013, "typical_volume": 4195199.45, "trend": 123.467432, "fair_value": 80.989154, "relative_strength": 1.973832, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.98122, "energy": 17.173714, "activity_lines": [ 119.495187, 119.641733, 123.675471, 125.269809 ] }, { "date": "2024-11-22", "close": 119.887894, "volume": 940470, "typical_volume": 3644106.9, "trend": 124.114795, "fair_value": 81.402459, "relative_strength": 0.085349, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.598892, "energy": 7.107366, "activity_lines": [ 120.210043, 119.326246, 122.993275, 125.038871 ] }, { "date": "2024-11-29", "close": 125.818382, "volume": 3330607, "typical_volume": 3375198.4, "trend": 125.074519, "fair_value": 81.849639, "relative_strength": 3.949557, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.649641, "energy": 7.721261, "activity_lines": [ 122.599545, 120.310123, 122.994099, 125.14878 ] }, { "date": "2024-12-06", "close": 154.093079, "volume": 11865623, "typical_volume": 3751231.35, "trend": 127.229353, "fair_value": 82.462138, "relative_strength": 23.815405, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.084051, "energy": 31.878867, "activity_lines": [ 133.321697, 126.534694, 125.725585, 127.020945 ] }, { "date": "2024-12-13", "close": 149.869843, "volume": 7178911, "typical_volume": 3829280.0, "trend": 128.819607, "fair_value": 83.066043, "relative_strength": 19.465458, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.629961, "energy": 53.01778, "activity_lines": [ 140.221971, 131.494382, 127.929129, 128.481622 ] }, { "date": "2024-12-20", "close": 131.559189, "volume": 5921626, "typical_volume": 3810808.05, "trend": 129.236093, "fair_value": 83.51944, "relative_strength": 9.88429, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.285545, "energy": 40.689896, "activity_lines": [ 139.405281, 132.539072, 128.325162, 128.658369 ] }, { "date": "2024-12-27", "close": 126.886673, "volume": 2563157, "typical_volume": 3804301.1, "trend": 129.629788, "fair_value": 83.889365, "relative_strength": 4.766409, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.660805, "energy": 31.529335, "activity_lines": [ 136.285613, 132.519467, 128.279804, 128.506794 ] }, { "date": "2025-01-03", "close": 133.376266, "volume": 2300376, "typical_volume": 3835166.15, "trend": 129.97056, "fair_value": 84.322553, "relative_strength": 8.932396, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.336222, "energy": 18.18791, "activity_lines": [ 134.862557, 133.470123, 128.847782, 128.748502 ] }, { "date": "2025-01-10", "close": 119.728142, "volume": 2828186, "typical_volume": 3648975.9, "trend": 129.336526, "fair_value": 84.665704, "relative_strength": 0.169454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.010225, "energy": 16.544357, "activity_lines": [ 128.386268, 131.504001, 128.070295, 128.087701 ] }, { "date": "2025-01-17", "close": 121.465363, "volume": 2387552, "typical_volume": 3515877.35, "trend": 128.735137, "fair_value": 85.023814, "relative_strength": 2.590505, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.05161, "energy": 20.34166, "activity_lines": [ 124.780048, 129.820154, 127.516497, 127.579884 ] }, { "date": "2025-01-24", "close": 123.442192, "volume": 2437277, "typical_volume": 3330237.2, "trend": 128.2382, "fair_value": 85.403835, "relative_strength": 4.855163, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.628115, "energy": 19.51128, "activity_lines": [ 123.726403, 128.572153, 127.204924, 127.238404 ] }, { "date": "2025-01-31", "close": 121.135895, "volume": 6768940, "typical_volume": 3568935.95, "trend": 127.452318, "fair_value": 85.745816, "relative_strength": 1.32946, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.282414, "energy": 28.311481, "activity_lines": [ 122.445125, 126.849097, 126.730448, 126.780191 ] }, { "date": "2025-02-07", "close": 117.262093, "volume": 2969896, "typical_volume": 3602770.6, "trend": 126.902281, "fair_value": 86.112343, "relative_strength": -1.994429, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -55.777021, "energy": 37.421247, "activity_lines": [ 120.255966, 124.399023, 125.939002, 126.122757 ] }, { "date": "2025-02-14", "close": 96.585228, "volume": 2026370, "typical_volume": 3522848.35, "trend": 125.865445, "fair_value": 86.346008, "relative_strength": -16.760213, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.193639, "energy": 60.822948, "activity_lines": [ 112.248796, 118.345088, 123.245223, 124.166818 ] }, { "date": "2025-02-21", "close": 94.867981, "volume": 1750638, "typical_volume": 3504500.55, "trend": 124.477528, "fair_value": 86.571533, "relative_strength": -17.469774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.19686, "energy": 70.400913, "activity_lines": [ 105.212072, 113.024523, 120.531571, 122.166981 ] }, { "date": "2025-02-28", "close": 93.000977, "volume": 5956189, "typical_volume": 3615454.05, "trend": 123.166984, "fair_value": 86.786682, "relative_strength": -16.372785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.594808, "energy": 73.626839, "activity_lines": [ 99.326172, 108.364536, 117.748603, 120.136236 ] }, { "date": "2025-03-07", "close": 99.151115, "volume": 2211968, "typical_volume": 3652590.65, "trend": 122.275509, "fair_value": 87.044122, "relative_strength": -12.450918, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.161567, "energy": 73.249954, "activity_lines": [ 97.519732, 105.523815, 115.678729, 118.586825 ] }, { "date": "2025-03-14", "close": 99.97979, "volume": 1411421, "typical_volume": 3581282.7, "trend": 121.481792, "fair_value": 87.308785, "relative_strength": -11.193892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.74415, "energy": 66.690968, "activity_lines": [ 97.455169, 103.338045, 113.764938, 117.148392 ] }, { "date": "2025-03-21", "close": 102.855179, "volume": 1862053, "typical_volume": 3573364.4, "trend": 120.511689, "fair_value": 87.589651, "relative_strength": -12.380778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.373785, "energy": 49.838935, "activity_lines": [ 99.501222, 102.282282, 112.170017, 115.946675 ] }, { "date": "2025-03-28", "close": 102.216202, "volume": 4976383, "typical_volume": 3697732.8, "trend": 119.492364, "fair_value": 87.870243, "relative_strength": -13.586136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.617016, "energy": 35.863335, "activity_lines": [ 100.916287, 101.417122, 110.585794, 114.766321 ] }, { "date": "2025-04-04", "close": 100.089615, "volume": 1215724, "typical_volume": 3645168.35, "trend": 118.316728, "fair_value": 88.117452, "relative_strength": -13.024819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.915656, "energy": 30.157381, "activity_lines": [ 101.132608, 100.515294, 108.910716, 113.514531 ] }, { "date": "2025-04-11", "close": 99.770126, "volume": 942771, "typical_volume": 3645283.4, "trend": 117.240797, "fair_value": 88.335853, "relative_strength": -13.0053, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.812868, "energy": 28.865732, "activity_lines": [ 100.769856, 99.979971, 107.301818, 112.317976 ] }, { "date": "2025-04-18", "close": 103.254539, "volume": 337516, "typical_volume": 3495628.85, "trend": 116.305629, "fair_value": 88.504912, "relative_strength": -13.86155, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.459774, "energy": 27.670972, "activity_lines": [ 101.527308, 100.466645, 106.120568, 111.415636 ] }, { "date": "2025-04-25", "close": 99.630356, "volume": 1377669, "typical_volume": 2971231.15, "trend": 115.401412, "fair_value": 88.68833, "relative_strength": -17.427552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.081081, "energy": 28.50963, "activity_lines": [ 100.858383, 100.549059, 104.701604, 110.339812 ] }, { "date": "2025-05-02", "close": 96.595215, "volume": 590800, "typical_volume": 2641825.6, "trend": 114.699536, "fair_value": 88.896254, "relative_strength": -20.847694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.175791, "energy": 35.567475, "activity_lines": [ 99.392732, 100.024264, 103.252926, 109.126509 ] }, { "date": "2025-05-09", "close": 92.881165, "volume": 583288, "typical_volume": 2374908.7, "trend": 113.803971, "fair_value": 89.03609, "relative_strength": -22.761964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.397776, "energy": 44.096801, "activity_lines": [ 97.063797, 98.792783, 101.704217, 107.718872 ] }, { "date": "2025-05-16", "close": 102.675468, "volume": 1411077, "typical_volume": 2317304.7, "trend": 113.381315, "fair_value": 89.249859, "relative_strength": -17.930323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.875776, "energy": 35.505447, "activity_lines": [ 98.480193, 99.344263, 101.27248, 107.000904 ] }, { "date": "2025-05-23", "close": 102.865166, "volume": 1343158, "typical_volume": 2269443.8, "trend": 113.162333, "fair_value": 89.495427, "relative_strength": -16.892571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.087724, "energy": 30.75973, "activity_lines": [ 99.766132, 99.866154, 100.974101, 106.322443 ] }, { "date": "2025-05-30", "close": 97.104401, "volume": 1350056, "typical_volume": 2195537.3, "trend": 112.469776, "fair_value": 89.707253, "relative_strength": -20.860211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.49357, "energy": 33.440517, "activity_lines": [ 99.157775, 99.288172, 100.272369, 105.286448 ] }, { "date": "2025-06-06", "close": 105.421066, "volume": 2755192, "typical_volume": 2213919.3, "trend": 111.794857, "fair_value": 89.976851, "relative_strength": -14.594334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.820936, "energy": 17.051128, "activity_lines": [ 101.490036, 100.32687, 100.470432, 104.831692 ] }, { "date": "2025-06-13", "close": 103.114769, "volume": 1607619, "typical_volume": 2172436.4, "trend": 111.219446, "fair_value": 90.249505, "relative_strength": -14.924364, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.978409, "energy": 12.617839, "activity_lines": [ 102.465141, 100.887971, 100.525249, 104.271686 ] }, { "date": "2025-06-20", "close": 100.189453, "volume": 723763, "typical_volume": 1870177.55, "trend": 110.562831, "fair_value": 90.513919, "relative_strength": -18.008234, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.485603, "energy": 11.129453, "activity_lines": [ 101.7829, 100.862194, 100.398262, 103.560074 ] }, { "date": "2025-06-27", "close": 103.124756, "volume": 1087582, "typical_volume": 1776061.85, "trend": 109.806377, "fair_value": 90.798106, "relative_strength": -16.763288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.553443, "energy": 11.393252, "activity_lines": [ 102.244829, 101.362484, 100.650573, 103.080198 ] }, { "date": "2025-07-04", "close": 103.623955, "volume": 557397, "typical_volume": 1702613.2, "trend": 108.124073, "fair_value": 91.072749, "relative_strength": -15.144899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.487603, "energy": 7.687952, "activity_lines": [ 102.855851, 101.955898, 101.017747, 102.681332 ] }, { "date": "2025-07-11", "close": 101.257744, "volume": 635985, "typical_volume": 1646880.55, "trend": 106.503669, "fair_value": 91.342738, "relative_strength": -15.571572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.484398, "energy": 6.830748, "activity_lines": [ 102.243499, 102.04648, 101.126049, 102.238343 ] }, { "date": "2025-07-18", "close": 102.485779, "volume": 1096804, "typical_volume": 1403911.3, "trend": 105.534556, "fair_value": 91.613271, "relative_strength": -13.542894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.676012, "energy": 6.851953, "activity_lines": [ 102.318047, 102.275568, 101.32088, 101.979125 ] }, { "date": "2025-07-25", "close": 98.322449, "volume": 792082, "typical_volume": 1332917.0, "trend": 104.582415, "fair_value": 91.868266, "relative_strength": -16.093596, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.531114, "energy": 15.295845, "activity_lines": [ 101.046751, 101.573058, 101.074038, 101.513827 ] }, { "date": "2025-08-01", "close": 98.152718, "volume": 505935, "typical_volume": 1287642.7, "trend": 103.408297, "fair_value": 92.125359, "relative_strength": -14.840956, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.826995, "energy": 20.249182, "activity_lines": [ 99.843344, 100.918833, 100.814977, 101.099008 ] }, { "date": "2025-08-08", "close": 97.433868, "volume": 420603, "typical_volume": 1215570.2, "trend": 102.665154, "fair_value": 92.374021, "relative_strength": -14.353802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.872883, "energy": 34.090346, "activity_lines": [ 98.731791, 100.219589, 100.496154, 100.713561 ] }, { "date": "2025-08-15", "close": 95.337227, "volume": 343377, "typical_volume": 983919.9, "trend": 101.794216, "fair_value": 92.604146, "relative_strength": -16.705994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.632886, "energy": 49.217641, "activity_lines": [ 97.334029, 99.133148, 100.003467, 100.240792 ] }, { "date": "2025-08-22", "close": 96.655113, "volume": 516105, "typical_volume": 948938.95, "trend": 100.901314, "fair_value": 92.842082, "relative_strength": -15.867688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.302479, "energy": 49.400265, "activity_lines": [ 96.770264, 98.469664, 99.66905, 99.909237 ] }, { "date": "2025-08-29", "close": 93.629967, "volume": 202841, "typical_volume": 911942.45, "trend": 99.984449, "fair_value": 93.057759, "relative_strength": -16.525378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.667449, "energy": 57.140197, "activity_lines": [ 95.586828, 97.373603, 99.062879, 99.440118 ] }, { "date": "2025-09-05", "close": 94.159119, "volume": 509524, "typical_volume": 920542.85, "trend": 99.21435, "fair_value": 93.232546, "relative_strength": -16.546082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.6327, "energy": 60.189522, "activity_lines": [ 94.892608, 96.493014, 98.536342, 99.06429 ] }, { "date": "2025-09-12", "close": 94.989998, "volume": 667965, "typical_volume": 885057.65, "trend": 99.161176, "fair_value": 93.432093, "relative_strength": -16.558565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.944739, "energy": 55.974305, "activity_lines": [ 94.741588, 95.926505, 98.132248, 98.791751 ] }, { "date": "2025-09-19", "close": 95.099998, "volume": 645952, "typical_volume": 887815.25, "trend": 99.16891, "fair_value": 93.662779, "relative_strength": -16.692328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.125392, "energy": 52.155063, "activity_lines": [ 94.790159, 95.536978, 97.760726, 98.52974 ] }, { "date": "2025-09-26", "close": 97.349998, "volume": 2696055, "typical_volume": 993453.6, "trend": 99.313877, "fair_value": 93.894174, "relative_strength": -12.060505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.517197, "energy": 30.281967, "activity_lines": [ 95.604545, 95.668501, 97.610611, 98.41239 ] }, { "date": "2025-10-03", "close": 96.529999, "volume": 400695, "typical_volume": 942934.5, "trend": 99.226507, "fair_value": 94.123821, "relative_strength": -13.333835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.635689, "energy": 20.467504, "activity_lines": [ 96.099273, 95.744311, 97.361121, 98.232785 ] }, { "date": "2025-10-10", "close": 93.720001, "volume": 451355, "typical_volume": 898344.35, "trend": 99.017847, "fair_value": 94.338963, "relative_strength": -16.768132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.610532, "energy": 24.488259, "activity_lines": [ 95.463999, 95.341802, 96.873275, 97.877527 ] }, { "date": "2025-10-17", "close": 91.279999, "volume": 248789, "typical_volume": 843281.0, "trend": 98.632008, "fair_value": 94.543568, "relative_strength": -19.896184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.29383, "energy": 36.14708, "activity_lines": [ 94.044666, 94.576251, 96.196597, 97.378311 ] }, { "date": "2025-10-24", "close": 97.769997, "volume": 544011, "typical_volume": 732721.95, "trend": 98.483801, "fair_value": 94.772552, "relative_strength": -14.210789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.805156, "energy": 25.35289, "activity_lines": [ 95.035999, 95.102588, 96.165749, 97.322697 ] }, { "date": "2025-10-31", "close": 102.989998, "volume": 1704780, "typical_volume": 737580.0, "trend": 98.58048, "fair_value": 95.037868, "relative_strength": -9.038742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.634715, "energy": 5.321452, "activity_lines": [ 97.589332, 96.533784, 96.668478, 97.61342 ] }, { "date": "2025-11-07", "close": 99.970001, "volume": 484769, "typical_volume": 725630.3, "trend": 98.587143, "fair_value": 95.300729, "relative_strength": -10.408119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.53081, "energy": 14.439641, "activity_lines": [ 98.759999, 97.30071, 96.884182, 97.703066 ] }, { "date": "2025-11-14", "close": 99.339996, "volume": 929718, "typical_volume": 717737.1, "trend": 98.456658, "fair_value": 95.55413, "relative_strength": -11.912251, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.032073, "energy": 19.701242, "activity_lines": [ 99.491331, 97.837817, 97.040931, 97.751637 ] }, { "date": "2025-11-21", "close": 99.989998, "volume": 783402, "typical_volume": 729037.35, "trend": 98.468646, "fair_value": 95.800534, "relative_strength": -11.412142, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.372919, "energy": 20.856814, "activity_lines": [ 100.064665, 98.398907, 97.277607, 97.850563 ] }, { "date": "2025-11-28", "close": 104.209999, "volume": 2828862, "typical_volume": 838681.2, "trend": 98.722472, "fair_value": 96.055808, "relative_strength": -7.640932, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.219601, "energy": 35.851139, "activity_lines": [ 101.463998, 99.636362, 97.933493, 98.220972 ] }, { "date": "2025-12-05", "close": 105.0, "volume": 849470, "typical_volume": 826314.5, "trend": 99.126433, "fair_value": 96.335604, "relative_strength": -5.943527, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.916721, "energy": 37.947793, "activity_lines": [ 102.697332, 100.851817, 98.650559, 98.625974 ] }, { "date": "2025-12-12", "close": 105.900002, "volume": 622564, "typical_volume": 817838.6, "trend": 99.233918, "fair_value": 96.628823, "relative_strength": -3.767512, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.799029, "energy": 41.600998, "activity_lines": [ 104.096667, 102.091817, 99.441366, 99.062979 ] }, { "date": "2025-12-19", "close": 103.800003, "volume": 319819, "typical_volume": 808532.8, "trend": 99.265079, "fair_value": 96.941434, "relative_strength": -4.697804, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 54.710663, "energy": 47.551642, "activity_lines": [ 104.400668, 102.779636, 99.996091, 99.357565 ] }, { "date": "2025-12-26", "close": 102.239998, "volume": 543810, "typical_volume": 814693.15, "trend": 99.436266, "fair_value": 97.212149, "relative_strength": -5.797974, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.36381, "energy": 40.099907, "activity_lines": [ 103.887334, 103.000545, 100.375351, 99.549495 ] }, { "date": "2026-01-02", "close": 99.769997, "volume": 274051, "typical_volume": 811226.85, "trend": 99.247897, "fair_value": 97.478513, "relative_strength": -8.325826, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.57901, "energy": 22.677266, "activity_lines": [ 102.400666, 102.57309, 100.496487, 99.571026 ] }, { "date": "2026-01-09", "close": 101.110001, "volume": 725727, "typical_volume": 821707.95, "trend": 99.181071, "fair_value": 97.747726, "relative_strength": -4.237911, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.263427, "energy": 15.863782, "activity_lines": [ 101.656666, 102.352909, 100.724134, 99.691162 ] }, { "date": "2026-01-16", "close": 100.080002, "volume": 260187, "typical_volume": 824575.25, "trend": 99.177423, "fair_value": 98.015439, "relative_strength": -4.656621, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.616881, "energy": 16.918148, "activity_lines": [ 100.828667, 101.979637, 100.832472, 99.749157 ] }, { "date": "2026-01-23", "close": 95.080002, "volume": 383129, "typical_volume": 818255.5, "trend": 98.909264, "fair_value": 98.264179, "relative_strength": -6.402181, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.782944, "energy": 14.481459, "activity_lines": [ 98.722001, 100.695273, 100.433905, 99.484808 ] }, { "date": "2026-01-30", "close": 97.010002, "volume": 427318, "typical_volume": 806223.15, "trend": 98.688799, "fair_value": 98.524971, "relative_strength": -4.932331, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.879217, "energy": 16.829565, "activity_lines": [ 97.840002, 99.839274, 100.214762, 99.362275 ] }, { "date": "2026-02-06", "close": 97.0, "volume": 344320, "typical_volume": 791141.55, "trend": 98.546874, "fair_value": 98.789846, "relative_strength": -5.781901, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.344231, "energy": 20.780712, "activity_lines": [ 97.303335, 99.035637, 99.985048, 99.25332 ] }, { "date": "2026-02-13", "close": 95.949997, "volume": 339739, "typical_volume": 673325.75, "trend": 98.329015, "fair_value": 99.055646, "relative_strength": -5.785951, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.418598, "energy": 30.608792, "activity_lines": [ 96.601333, 98.172182, 99.646286, 99.085779 ] }, { "date": "2026-02-20", "close": 94.139999, "volume": 428798, "typical_volume": 674730.9, "trend": 98.1896, "fair_value": 99.323239, "relative_strength": -7.712109, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.387366, "energy": 36.525507, "activity_lines": [ 95.639999, 97.144182, 99.141809, 98.81552 ] }, { "date": "2026-02-27", "close": 94.209999, "volume": 299054, "typical_volume": 667115.85, "trend": 98.058176, "fair_value": 99.595427, "relative_strength": -5.994118, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.756246, "energy": 39.613893, "activity_lines": [ 95.097999, 96.342727, 98.655381, 98.558772 ] }, { "date": "2026-03-06", "close": 90.290001, "volume": 318924, "typical_volume": 670622.6, "trend": 97.820047, "fair_value": 99.825901, "relative_strength": -6.905857, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.490023, "energy": 56.651857, "activity_lines": [ 93.307333, 95.002909, 97.793286, 98.057599 ] }, { "date": "2026-03-13", "close": 85.970001, "volume": 701417, "typical_volume": 678492.9, "trend": 97.507806, "fair_value": 100.034105, "relative_strength": -6.043265, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.680929, "energy": 78.593367, "activity_lines": [ 90.524667, 93.094909, 96.524476, 97.29308 ] }, { "date": "2026-03-20", "close": 89.080002, "volume": 627138, "typical_volume": 624610.8, "trend": 97.255302, "fair_value": 100.27628, "relative_strength": -2.228058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.845909, "energy": 71.964959, "activity_lines": [ 89.514001, 92.003273, 95.608048, 96.749351 ] }, { "date": "2026-03-27", "close": 97.110001, "volume": 1639283, "typical_volume": 682336.5, "trend": 97.371304, "fair_value": 100.584282, "relative_strength": 8.010568, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.965202, "energy": 45.616007, "activity_lines": [ 91.638001, 92.590364, 95.522619, 96.739977 ] }, { "date": "2026-04-03", "close": 97.790001, "volume": 396552, "typical_volume": 655678.2, "trend": 97.492333, "fair_value": 100.871126, "relative_strength": 9.311275, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.184782, "energy": 22.642846, "activity_lines": [ 93.790668, 93.355091, 95.515572, 96.766989 ] }, { "date": "2026-04-10", "close": 98.790001, "volume": 314403, "typical_volume": 632228.25, "trend": 97.619, "fair_value": 101.169484, "relative_strength": 4.421914, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.982877, "energy": 16.567574, "activity_lines": [ 96.038001, 94.252364, 95.611143, 96.85071 ] }, { "date": "2026-04-17", "close": 101.669998, "volume": 400134, "typical_volume": 510791.85, "trend": 97.838, "fair_value": 101.44739, "relative_strength": 6.209358, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.178731, "energy": 21.855503, "activity_lines": [ 98.678667, 95.640909, 95.986715, 97.112065 ] }, { "date": "2026-04-24", "close": 96.059998, "volume": 359873, "typical_volume": 486312.0, "trend": 97.795, "fair_value": 101.688696, "relative_strength": 2.324496, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.400783, "energy": 18.614057, "activity_lines": [ 98.402666, 95.924545, 95.840095, 96.997355 ] }, { "date": "2026-05-01", "close": 96.910004, "volume": 314949, "typical_volume": 470931.25, "trend": 97.807667, "fair_value": 101.946296, "relative_strength": 2.765841, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.389207, "energy": 15.079002, "activity_lines": [ 97.944667, 96.360728, 95.817, 96.940258 ] }, { "date": "2026-05-08", "close": 102.360001, "volume": 828090, "typical_volume": 496344.8, "trend": 98.095667, "fair_value": 102.240745, "relative_strength": 7.551089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.658633, "energy": 21.13284, "activity_lines": [ 99.316667, 97.737455, 96.355762, 97.233957 ] }, { "date": "2026-05-15", "close": 98.160004, "volume": 1232826, "typical_volume": 530795.6, "trend": 98.325, "fair_value": 102.521349, "relative_strength": 5.436958, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.016733, "energy": 10.278028, "activity_lines": [ 98.984002, 98.202365, 96.501382, 97.238108 ] }, { "date": "2026-05-22", "close": 98.059998, "volume": 192591, "typical_volume": 526722.6, "trend": 98.334667, "fair_value": 102.809924, "relative_strength": 4.995359, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.703857, "energy": 9.632762, "activity_lines": [ 98.660001, 98.506001, 96.656905, 97.221011 ] }, { "date": "2026-05-29", "close": 96.410004, "volume": 265630, "typical_volume": 503717.75, "trend": 98.115334, "fair_value": 103.090154, "relative_strength": 3.893977, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.160743, "energy": 6.980012, "activity_lines": [ 98.026669, 98.28982, 96.663429, 97.096839 ] }, { "date": "2026-06-05", "close": 99.459999, "volume": 128453, "typical_volume": 497131.05, "trend": 98.098334, "fair_value": 103.353255, "relative_strength": 7.990032, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.889432, "energy": 2.584201, "activity_lines": [ 98.386668, 98.49491, 96.98281, 97.183592 ] }, { "date": "2026-06-12", "close": 98.849998, "volume": 61781, "typical_volume": 481063.65, "trend": 98.082, "fair_value": 103.616912, "relative_strength": 6.156989, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.204554, "energy": 4.75821, "activity_lines": [ 98.373333, 98.546364, 97.247048, 97.232086 ] }, { "date": "2026-06-19", "close": 102.389999, "volume": 90151, "typical_volume": 464205.3, "trend": 98.162, "fair_value": 103.902304, "relative_strength": 8.027346, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.81209, "energy": 19.469869, "activity_lines": [ 99.773999, 99.222182, 97.830477, 97.510022 ] }, { "date": "2026-06-26", "close": 110.230003, "volume": 0, "typical_volume": 446989.3, "trend": 98.362667, "fair_value": 104.242098, "relative_strength": 15.775798, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 50.343885, "energy": 56.56269, "activity_lines": [ 103.506, 101.258001, 99.134953, 98.288603 ] }, { "date": "2026-07-03", "close": 112.599998, "volume": 110981, "typical_volume": 435551.4, "trend": 98.616, "fair_value": 104.55275, "relative_strength": 16.89472, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 81.64901, "energy": 80.009003, "activity_lines": [ 107.216666, 103.569091, 100.602143, 99.20714 ] }, { "date": "2026-07-10", "close": 114.5, "volume": 795832, "typical_volume": 453903.1, "trend": 98.902667, "fair_value": 104.895037, "relative_strength": 18.776108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.96539, "energy": 87.118302, "activity_lines": [ 110.481333, 105.924909, 102.171, 100.231914 ] }, { "date": "2026-07-17", "close": 113.559998, "volume": 394995, "typical_volume": 458700.15, "trend": 99.228, "fair_value": 105.145179, "relative_strength": 16.867071, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.405041, "energy": 86.997196, "activity_lines": [ 112.429999, 107.79, 103.553381, 101.177549 ] }, { "date": "2026-07-24", "close": 112.419998, "volume": 384490, "typical_volume": 461978.45, "trend": 99.567334, "fair_value": 105.355797, "relative_strength": 18.014795, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.896755, "energy": 83.8612, "activity_lines": [ 113.017999, 109.244181, 104.735048, 102.028645 ] }, { "date": "2026-07-31", "close": 113.989998, "volume": 451636, "typical_volume": 449489.4, "trend": 100.041334, "fair_value": 105.593066, "relative_strength": 16.260233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.786887, "energy": 80.38974, "activity_lines": [ 113.460665, 110.724544, 105.960857, 102.95914 ] }, { "date": "2026-08-07", "close": 113.610001, "volume": 1169581, "typical_volume": 476611.55, "trend": 100.458, "fair_value": 105.802382, "relative_strength": 14.64808, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.809849, "energy": 65.6493, "activity_lines": [ 113.525999, 111.846181, 107.017047, 103.834538 ] } ], "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." } } }