{ "ticker": { "uuid": "da06a3fa-46df-49a3-89d1-2c44b3030d3b", "symbol": "SHAHALLOYS", "name": "Shah Alloys 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 50.475, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 21.913, "architecture_energy": 14.55, "architecture_maturity": 18.569, "architecture_confidence": 85.244, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 53.95, "rotation_up": 30.63, "upward_expansion": 51.1, "deceleration": 75.7, "rotation_down": 32.0, "downward_expansion": 26.77 }, "activity_lines": [ 68.739333, 69.338363, 69.63619, 68.506021 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 70.790001, "trend_reference": 67.157333, "distance_from_trend": 0.054092, "trend_direction": "Weakening", "fair_value": 65.256731, "distance_from_fair_value": 0.084792, "fair_value_direction": "Weakening", "relative_strength": 5.046616, "relative_strength_direction": "Weakening", "price_momentum": 0.114979, "excess_performance": 0.158688, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054092, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.014966, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.084792, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.079515, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.050466, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.119217, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.114979, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.97996, "read": "Supply-led" } ], "volume": { "latest": 23913, "relative_activity": 0.576628, "balance": 0.97996, "dry_up": 0.923098, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.078988, "annualized_volatility": 0.404964, "from_high_reference": -0.155754, "from_low_reference": 0.333145 }, "levels": { "trend_reference": 67.157333, "fair_value_reference": 65.256731, "structural_low": 53.099998, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.014653, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.024041, "regime_survival": 0.538462, "best_return": 0.155691, "worst_return": -0.222222, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.062909, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.096989, "regime_survival": 0.0, "best_return": 0.4, "worst_return": -0.224916, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.17823, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.083332, "regime_survival": 0.2, "best_return": 0.304138, "worst_return": -0.146801, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.19931, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.213651, "regime_survival": 0.0, "best_return": 0.460777, "worst_return": -0.273401, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.011281, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-07", "end": "2025-04-25", "tenure": "Developing", "return": -0.188897, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-07-04", "tenure": "Developing", "return": 0.12431, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.106932, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-19", "tenure": "Developing", "return": 0.258413, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2025-12-12", "tenure": "Developing", "return": 0.042086, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": -0.060633, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.036856, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.09309, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-04-24", "tenure": "Developing", "return": 0.195118, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": 0.012651, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-07-10", "tenure": "Developing", "return": 0.057319, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.034383, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.064511, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 52.25, "volume": 88674, "typical_volume": 152130.35, "trend": 49.911667, "fair_value": 41.764423, "relative_strength": -10.157774, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.092974, "energy": 34.965109, "activity_lines": [ 52.873334, 49.862728, 48.166905, 48.338495 ] }, { "date": "2023-08-25", "close": 55.700001, "volume": 241209, "typical_volume": 163058.65, "trend": 49.513333, "fair_value": 42.072436, "relative_strength": -3.904324, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.003428, "energy": 51.074905, "activity_lines": [ 54.230001, 51.349091, 48.88881, 48.711936 ] }, { "date": "2023-09-01", "close": 56.150002, "volume": 116565, "typical_volume": 167797.95, "trend": 49.273334, "fair_value": 42.382692, "relative_strength": -3.724499, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.99192, "energy": 55.730677, "activity_lines": [ 55.210001, 52.693637, 49.621667, 49.140108 ] }, { "date": "2023-09-08", "close": 58.849998, "volume": 190257, "typical_volume": 175778.65, "trend": 49.415, "fair_value": 42.716026, "relative_strength": -1.099577, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.977815, "energy": 60.161438, "activity_lines": [ 56.493333, 54.234546, 50.587619, 49.757957 ] }, { "date": "2023-09-15", "close": 60.700001, "volume": 526475, "typical_volume": 200271.3, "trend": 49.525, "fair_value": 43.059616, "relative_strength": 0.137296, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.360447, "energy": 63.206076, "activity_lines": [ 58.066667, 55.834546, 51.686429, 50.486022 ] }, { "date": "2023-09-22", "close": 56.049999, "volume": 59580, "typical_volume": 201527.3, "trend": 49.611667, "fair_value": 43.374039, "relative_strength": -4.905983, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.190608, "energy": 49.825472, "activity_lines": [ 57.84, 56.326364, 52.291905, 50.906989 ] }, { "date": "2023-09-29", "close": 56.799999, "volume": 48007, "typical_volume": 200051.95, "trend": 49.775, "fair_value": 43.69359, "relative_strength": -2.981417, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.832087, "energy": 40.982923, "activity_lines": [ 57.609999, 56.733636, 52.946667, 51.370753 ] }, { "date": "2023-10-06", "close": 55.849998, "volume": 47253, "typical_volume": 197365.35, "trend": 49.926667, "fair_value": 44.009936, "relative_strength": -4.240965, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.954582, "energy": 34.883649, "activity_lines": [ 56.989999, 56.804545, 53.487857, 51.762688 ] }, { "date": "2023-10-13", "close": 62.849998, "volume": 102005, "typical_volume": 200096.1, "trend": 50.426667, "fair_value": 44.372116, "relative_strength": 7.523312, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.182277, "energy": 39.528283, "activity_lines": [ 58.723332, 57.990908, 54.665714, 52.596451 ] }, { "date": "2023-10-20", "close": 57.400002, "volume": 36000, "typical_volume": 190599.2, "trend": 50.858333, "fair_value": 44.692949, "relative_strength": -0.441353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.007109, "energy": 31.928223, "activity_lines": [ 58.373333, 58.024545, 55.253809, 53.046344 ] }, { "date": "2023-10-27", "close": 53.200001, "volume": 13046, "typical_volume": 182429.5, "trend": 51.198333, "fair_value": 44.992308, "relative_strength": -5.061039, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.909187, "energy": 22.253194, "activity_lines": [ 56.843333, 57.286363, 55.374762, 53.197419 ] }, { "date": "2023-11-03", "close": 54.5, "volume": 14471, "typical_volume": 159754.25, "trend": 51.381667, "fair_value": 45.3, "relative_strength": -3.452226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.590336, "energy": 19.504562, "activity_lines": [ 55.936667, 56.767273, 55.570952, 53.41043 ] }, { "date": "2023-11-10", "close": 51.5, "volume": 22162, "typical_volume": 147814.4, "trend": 51.395, "fair_value": 45.58718, "relative_strength": -9.411327, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.349632, "energy": 15.779744, "activity_lines": [ 54.183334, 55.724545, 55.428571, 53.418065 ] }, { "date": "2023-11-17", "close": 53.700001, "volume": 36676, "typical_volume": 139800.75, "trend": 51.526667, "fair_value": 45.885257, "relative_strength": -6.775122, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.344403, "energy": 16.055701, "activity_lines": [ 53.453334, 55.166364, 55.440714, 53.566774 ] }, { "date": "2023-11-24", "close": 54.650002, "volume": 30537, "typical_volume": 130200.5, "trend": 51.678334, "fair_value": 46.185898, "relative_strength": -5.264224, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.302889, "energy": 13.825579, "activity_lines": [ 53.650001, 54.874546, 55.495238, 53.76828 ] }, { "date": "2023-12-01", "close": 58.25, "volume": 59103, "typical_volume": 130741.4, "trend": 51.906667, "fair_value": 46.49391, "relative_strength": -1.338763, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.131048, "energy": 13.886854, "activity_lines": [ 55.230001, 55.347273, 55.852619, 54.192258 ] }, { "date": "2023-12-08", "close": 58.799999, "volume": 126982, "typical_volume": 129411.75, "trend": 52.135, "fair_value": 46.809616, "relative_strength": -3.55532, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.099963, "energy": 24.454555, "activity_lines": [ 56.656667, 55.88, 56.194048, 54.636989 ] }, { "date": "2023-12-15", "close": 60.049999, "volume": 173132, "typical_volume": 129670.05, "trend": 52.485, "fair_value": 47.133975, "relative_strength": -2.943322, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.669427, "energy": 47.218122, "activity_lines": [ 58.213333, 56.603636, 56.602143, 55.147634 ] }, { "date": "2023-12-22", "close": 66.900002, "volume": 258233, "typical_volume": 130436.85, "trend": 53.115, "fair_value": 47.502564, "relative_strength": 8.95493, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.069328, "energy": 72.351144, "activity_lines": [ 61.483334, 58.496364, 57.601429, 56.077635 ] }, { "date": "2023-12-29", "close": 63.799999, "volume": 320606, "typical_volume": 125548.65, "trend": 53.798334, "fair_value": 47.852244, "relative_strength": 2.501626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.725606, "energy": 67.970769, "activity_lines": [ 62.84, 59.751818, 58.24381, 56.766989 ] }, { "date": "2024-01-05", "close": 65.0, "volume": 141553, "typical_volume": 128192.6, "trend": 54.531667, "fair_value": 48.196475, "relative_strength": 5.112723, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.887917, "energy": 69.146293, "activity_lines": [ 63.986667, 61.109091, 58.967857, 57.489678 ] }, { "date": "2024-01-12", "close": 86.650002, "volume": 1159062, "typical_volume": 174085.25, "trend": 55.973334, "fair_value": 48.676282, "relative_strength": 39.355274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.366536, "energy": 88.500795, "activity_lines": [ 71.900001, 66.188182, 61.693095, 59.561828 ] }, { "date": "2024-01-19", "close": 86.949997, "volume": 316959, "typical_volume": 184104.95, "trend": 57.54, "fair_value": 49.169872, "relative_strength": 41.560884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.911908, "energy": 92.306232, "activity_lines": [ 78.056666, 70.737273, 64.299524, 61.560323 ] }, { "date": "2024-01-26", "close": 78.550003, "volume": 138427, "typical_volume": 181513.45, "trend": 58.705, "fair_value": 49.617628, "relative_strength": 29.644996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.925623, "energy": 82.833961, "activity_lines": [ 79.620001, 73.114546, 65.959286, 62.915807 ] }, { "date": "2024-02-02", "close": 77.050003, "volume": 129531, "typical_volume": 161666.25, "trend": 59.731667, "fair_value": 50.061859, "relative_strength": 24.271704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.222794, "energy": 78.876596, "activity_lines": [ 79.906668, 74.767274, 67.382381, 64.099355 ] }, { "date": "2024-02-09", "close": 72.099998, "volume": 156037, "typical_volume": 166489.1, "trend": 60.671667, "fair_value": 50.473398, "relative_strength": 16.469459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.262941, "energy": 49.716069, "activity_lines": [ 77.66, 75.112728, 68.256191, 64.897312 ] }, { "date": "2024-02-16", "close": 69.75, "volume": 130772, "typical_volume": 170627.35, "trend": 61.403334, "fair_value": 50.86891, "relative_strength": 11.379152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.856395, "energy": 29.256017, "activity_lines": [ 74.156667, 74.779091, 68.829762, 65.483011 ] }, { "date": "2024-02-23", "close": 69.0, "volume": 67356, "typical_volume": 171632.5, "trend": 62.13, "fair_value": 51.264103, "relative_strength": 9.29428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.944498, "energy": 19.877148, "activity_lines": [ 71.53, 74.11, 69.270238, 65.973118 ] }, { "date": "2024-03-01", "close": 66.25, "volume": 84463, "typical_volume": 170755.4, "trend": 62.54, "fair_value": 51.645192, "relative_strength": 4.334997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.258547, "energy": 21.593919, "activity_lines": [ 69.183333, 72.778182, 69.386191, 66.238925 ] }, { "date": "2024-03-08", "close": 65.900002, "volume": 55614, "typical_volume": 171736.1, "trend": 62.838334, "fair_value": 52.015385, "relative_strength": 3.080967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.288529, "energy": 19.83849, "activity_lines": [ 67.540001, 71.394546, 69.452619, 66.455699 ] }, { "date": "2024-03-15", "close": 56.0, "volume": 74421, "typical_volume": 174804.85, "trend": 62.963334, "fair_value": 52.318269, "relative_strength": -10.37955, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.978976, "energy": 17.471483, "activity_lines": [ 63.340001, 68.172728, 68.535715, 66.014516 ] }, { "date": "2024-03-22", "close": 60.049999, "volume": 155953, "typical_volume": 181878.95, "trend": 63.108333, "fair_value": 52.647757, "relative_strength": -4.278554, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.345546, "energy": 23.997933, "activity_lines": [ 61.563333, 65.850909, 67.991191, 65.826559 ] }, { "date": "2024-03-29", "close": 59.400002, "volume": 88709, "typical_volume": 185206.3, "trend": 63.216667, "fair_value": 52.976282, "relative_strength": -6.40702, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.60933, "energy": 29.665911, "activity_lines": [ 60.216667, 63.894546, 67.358334, 65.587312 ] }, { "date": "2024-04-05", "close": 66.5, "volume": 87651, "typical_volume": 187755.05, "trend": 63.471667, "fair_value": 53.344872, "relative_strength": 3.791603, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.483063, "energy": 23.309736, "activity_lines": [ 61.876667, 63.73, 67.364048, 65.79914 ] }, { "date": "2024-04-12", "close": 61.75, "volume": 33970, "typical_volume": 187926.7, "trend": 63.506667, "fair_value": 53.674039, "relative_strength": -3.565549, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.60706, "energy": 21.492831, "activity_lines": [ 61.936667, 62.920909, 66.856429, 65.688065 ] }, { "date": "2024-04-19", "close": 61.299999, "volume": 32061, "typical_volume": 186574.6, "trend": 63.681667, "fair_value": 53.994231, "relative_strength": -2.622382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.372155, "energy": 15.231152, "activity_lines": [ 62.123333, 62.308182, 66.272143, 65.545699 ] }, { "date": "2024-04-26", "close": 65.199997, "volume": 79404, "typical_volume": 184195.7, "trend": 63.961667, "fair_value": 54.328205, "relative_strength": 2.218762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.23545, "energy": 5.020669, "activity_lines": [ 63.256666, 62.600909, 66.044762, 65.643656 ] }, { "date": "2024-05-03", "close": 67.0, "volume": 53450, "typical_volume": 178211.6, "trend": 64.333334, "fair_value": 54.673718, "relative_strength": 4.683042, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.693578, "energy": 5.958794, "activity_lines": [ 64.646666, 63.303636, 65.958333, 65.839677 ] }, { "date": "2024-05-10", "close": 63.849998, "volume": 41943, "typical_volume": 167397.1, "trend": 64.366667, "fair_value": 55.003205, "relative_strength": 1.623933, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.451468, "energy": 6.297152, "activity_lines": [ 64.479999, 63.469999, 65.538809, 65.808495 ] }, { "date": "2024-05-17", "close": 61.950001, "volume": 80615, "typical_volume": 155397.55, "trend": 64.518333, "fair_value": 55.320834, "relative_strength": -3.226654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.808646, "energy": 8.325639, "activity_lines": [ 63.856666, 63.334545, 64.952857, 65.652581 ] }, { "date": "2024-05-24", "close": 59.049999, "volume": 71879, "typical_volume": 151913.85, "trend": 64.713333, "fair_value": 55.623718, "relative_strength": -9.715969, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.278015, "energy": 17.718292, "activity_lines": [ 62.253333, 62.743636, 64.099524, 65.299785 ] }, { "date": "2024-05-31", "close": 56.950001, "volume": 60086, "typical_volume": 96965.05, "trend": 64.795, "fair_value": 55.916667, "relative_strength": -11.393349, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.01433, "energy": 42.072445, "activity_lines": [ 60.1, 61.715454, 63.074524, 64.798925 ] }, { "date": "2024-06-07", "close": 59.450001, "volume": 110685, "typical_volume": 86651.35, "trend": 65.06, "fair_value": 56.229167, "relative_strength": -10.662074, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.020061, "energy": 51.603581, "activity_lines": [ 59.33, 61.198182, 62.429048, 64.454086 ] }, { "date": "2024-06-14", "close": 70.029999, "volume": 274823, "typical_volume": 93471.15, "trend": 65.604333, "fair_value": 56.60468, "relative_strength": 3.974871, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.793585, "energy": 18.048793, "activity_lines": [ 62.59, 62.603636, 62.922143, 64.774731 ] }, { "date": "2024-06-21", "close": 62.290001, "volume": 207644, "typical_volume": 97376.8, "trend": 65.859, "fair_value": 56.915192, "relative_strength": -7.971139, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.04605, "energy": 16.549957, "activity_lines": [ 62.858, 62.537636, 62.718667, 64.560903 ] }, { "date": "2024-06-28", "close": 62.09, "volume": 243065, "typical_volume": 101728.2, "trend": 65.987, "fair_value": 57.224423, "relative_strength": -10.400932, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.517525, "energy": 16.310858, "activity_lines": [ 63.036667, 62.425455, 62.566428, 64.317742 ] }, { "date": "2024-07-05", "close": 62.240002, "volume": 152888, "typical_volume": 102834.0, "trend": 66.101667, "fair_value": 57.530449, "relative_strength": -11.43932, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.473402, "energy": 17.709225, "activity_lines": [ 63.062667, 62.326182, 62.476143, 64.076 ] }, { "date": "2024-07-12", "close": 60.77, "volume": 141009, "typical_volume": 106516.65, "trend": 66.125667, "fair_value": 57.828975, "relative_strength": -14.295013, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.183123, "energy": 18.893063, "activity_lines": [ 62.246001, 62.013455, 62.281619, 63.732022 ] }, { "date": "2024-07-19", "close": 59.860001, "volume": 82277, "typical_volume": 106407.35, "trend": 65.891, "fair_value": 58.121667, "relative_strength": -15.688167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.542559, "energy": 28.720196, "activity_lines": [ 61.038001, 61.648546, 62.039619, 63.327785 ] }, { "date": "2024-07-26", "close": 59.200001, "volume": 82876, "typical_volume": 107770.45, "trend": 65.737667, "fair_value": 58.410128, "relative_strength": -17.627992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.596877, "energy": 36.075979, "activity_lines": [ 60.288001, 61.236183, 61.765191, 62.896108 ] }, { "date": "2024-08-02", "close": 59.919998, "volume": 101805, "typical_volume": 109139.65, "trend": 65.568333, "fair_value": 58.703205, "relative_strength": -16.041278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.169039, "energy": 35.329758, "activity_lines": [ 59.984, 61.004728, 61.591238, 62.520774 ] }, { "date": "2024-08-09", "close": 65.900002, "volume": 1048450, "typical_volume": 153764.5, "trend": 64.876667, "fair_value": 59.030128, "relative_strength": -6.193431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.757798, "energy": 14.515029, "activity_lines": [ 61.818, 61.844728, 61.968143, 62.542172 ] }, { "date": "2024-08-16", "close": 61.529999, "volume": 175714, "typical_volume": 158114.75, "trend": 64.029334, "fair_value": 59.329039, "relative_strength": -12.918371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.730755, "energy": 12.675307, "activity_lines": [ 61.951333, 61.727455, 61.901, 62.326258 ] }, { "date": "2024-08-23", "close": 83.019997, "volume": 2203672, "typical_volume": 263915.8, "trend": 64.178333, "fair_value": 59.765705, "relative_strength": 15.810345, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 44.423642, "energy": 42.637217, "activity_lines": [ 69.197332, 65.479636, 63.870381, 63.551462 ] }, { "date": "2024-08-30", "close": 78.57, "volume": 224253, "typical_volume": 273429.95, "trend": 64.229, "fair_value": 60.173846, "relative_strength": 7.649285, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "up", "direction": 66.601914, "energy": 66.292747, "activity_lines": [ 73.415999, 68.186545, 65.337286, 64.479957 ] }, { "date": "2024-09-06", "close": 74.040001, "volume": 156984, "typical_volume": 279676.1, "trend": 64.293667, "fair_value": 60.557436, "relative_strength": 3.002271, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.04102, "energy": 65.999381, "activity_lines": [ 74.833333, 69.773818, 66.292667, 65.112925 ] }, { "date": "2024-09-13", "close": 82.400002, "volume": 947855, "typical_volume": 323098.65, "trend": 64.715333, "fair_value": 60.975705, "relative_strength": 12.170725, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.318743, "energy": 75.865666, "activity_lines": [ 78.096, 72.663818, 67.983572, 66.281075 ] }, { "date": "2024-09-20", "close": 82.080002, "volume": 206684, "typical_volume": 330760.35, "trend": 65.151333, "fair_value": 61.362436, "relative_strength": 9.610197, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.949426, "energy": 72.339309, "activity_lines": [ 80.152001, 75.129091, 69.562096, 67.401377 ] }, { "date": "2024-09-27", "close": 102.379997, "volume": 4973553, "typical_volume": 577340.85, "trend": 66.355667, "fair_value": 61.841795, "relative_strength": 33.790124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.468966, "energy": 82.244821, "activity_lines": [ 87.604667, 80.897818, 73.002143, 69.803226 ] }, { "date": "2024-10-04", "close": 89.190002, "volume": 174773, "typical_volume": 582048.75, "trend": 67.132, "fair_value": 62.188846, "relative_strength": 21.400556, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.164893, "energy": 69.406596, "activity_lines": [ 89.370001, 83.495273, 75.002524, 71.276409 ] }, { "date": "2024-10-11", "close": 82.839996, "volume": 107555, "typical_volume": 583832.55, "trend": 68.026667, "fair_value": 62.495513, "relative_strength": 12.883994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.270622, "energy": 52.392389, "activity_lines": [ 88.310666, 84.392909, 76.268428, 72.289828 ] }, { "date": "2024-10-18", "close": 76.5, "volume": 71737, "typical_volume": 584415.1, "trend": 68.575, "fair_value": 62.804167, "relative_strength": 4.610485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.52242, "energy": 40.943588, "activity_lines": [ 84.551332, 83.721091, 76.817238, 72.836495 ] }, { "date": "2024-10-25", "close": 71.449997, "volume": 54766, "typical_volume": 581619.15, "trend": 68.976666, "fair_value": 63.098718, "relative_strength": 0.319083, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.581248, "energy": 17.254021, "activity_lines": [ 79.501998, 81.938363, 76.792, 73.021978 ] }, { "date": "2024-11-01", "close": 73.75, "volume": 36194, "typical_volume": 569687.7, "trend": 69.218333, "fair_value": 63.402564, "relative_strength": 2.887388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.648979, "energy": 21.017112, "activity_lines": [ 75.927999, 80.393454, 76.928666, 73.329935 ] }, { "date": "2024-11-08", "close": 75.230003, "volume": 44392, "typical_volume": 561525.1, "trend": 69.667667, "fair_value": 63.702757, "relative_strength": 5.312031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.474826, "energy": 21.080174, "activity_lines": [ 74.756, 79.286182, 77.188571, 73.717785 ] }, { "date": "2024-11-15", "close": 66.370003, "volume": 33584, "typical_volume": 551051.05, "trend": 69.836667, "fair_value": 63.907692, "relative_strength": -4.721963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.775085, "energy": 17.025804, "activity_lines": [ 71.561335, 76.628728, 76.543048, 73.505032 ] }, { "date": "2024-11-22", "close": 69.989998, "volume": 41265, "typical_volume": 545469.9, "trend": 69.996333, "fair_value": 64.075898, "relative_strength": -1.206376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.669821, "energy": 15.560662, "activity_lines": [ 70.671334, 74.768909, 76.221905, 73.514925 ] }, { "date": "2024-11-29", "close": 71.400002, "volume": 17618, "typical_volume": 539300.35, "trend": 70.143, "fair_value": 64.177821, "relative_strength": -0.205953, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.818273, "energy": 14.352032, "activity_lines": [ 70.685334, 73.391091, 75.998143, 73.605484 ] }, { "date": "2024-12-06", "close": 79.239998, "volume": 52874, "typical_volume": 537830.2, "trend": 70.656, "fair_value": 64.332564, "relative_strength": 8.013208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.250313, "energy": 13.114913, "activity_lines": [ 73.316, 73.632909, 76.470429, 74.192387 ] }, { "date": "2024-12-13", "close": 76.440002, "volume": 18245, "typical_volume": 534598.65, "trend": 71.139, "fair_value": 64.456539, "relative_strength": 3.623027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.87781, "energy": 11.557164, "activity_lines": [ 74.647334, 73.786364, 76.583762, 74.565549 ] }, { "date": "2024-12-20", "close": 70.949997, "volume": 10746, "typical_volume": 530045.7, "trend": 71.535667, "fair_value": 64.602692, "relative_strength": 1.077548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.467812, "energy": 10.404179, "activity_lines": [ 74.067999, 73.173454, 76.092143, 74.553355 ] }, { "date": "2024-12-27", "close": 66.639999, "volume": 9215, "typical_volume": 478083.95, "trend": 71.858667, "fair_value": 64.684359, "relative_strength": -5.879627, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.747648, "energy": 11.55199, "activity_lines": [ 71.746666, 71.993091, 75.137524, 74.237505 ] }, { "date": "2025-01-03", "close": 68.639999, "volume": 6070, "typical_volume": 469601.75, "trend": 72.165, "fair_value": 64.783333, "relative_strength": -3.74395, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.980386, "energy": 29.483602, "activity_lines": [ 70.315332, 71.355636, 74.369857, 74.029849 ] }, { "date": "2025-01-10", "close": 64.400002, "volume": 5944, "typical_volume": 359715.35, "trend": 71.977333, "fair_value": 64.843269, "relative_strength": -6.750476, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.909188, "energy": 52.326083, "activity_lines": [ 67.654667, 69.998364, 73.164524, 73.528882 ] }, { "date": "2025-01-17", "close": 62.049999, "volume": 4717, "typical_volume": 348738.55, "trend": 71.969333, "fair_value": 64.911218, "relative_strength": -8.464667, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.581836, "energy": 63.809433, "activity_lines": [ 65.2, 68.383818, 71.824047, 72.888408 ] }, { "date": "2025-01-24", "close": 62.5, "volume": 17500, "typical_volume": 341764.35, "trend": 71.983, "fair_value": 64.984936, "relative_strength": -6.760982, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.528278, "energy": 63.960915, "activity_lines": [ 63.854667, 67.090727, 70.605095, 72.277484 ] }, { "date": "2025-01-31", "close": 62.75, "volume": 19526, "typical_volume": 295347.9, "trend": 72.0, "fair_value": 65.039423, "relative_strength": -7.520651, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.801585, "energy": 71.064135, "activity_lines": [ 63.156, 65.913454, 69.464905, 71.681806 ] }, { "date": "2025-02-07", "close": 72.050003, "volume": 487561, "typical_volume": 309391.75, "trend": 72.376, "fair_value": 65.168269, "relative_strength": 6.131206, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.864839, "energy": 39.472891, "activity_lines": [ 65.816668, 66.558728, 69.304, 71.685032 ] }, { "date": "2025-02-14", "close": 56.580002, "volume": 134507, "typical_volume": 67439.45, "trend": 72.266667, "fair_value": 65.106603, "relative_strength": -13.963743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.104615, "energy": 47.723888, "activity_lines": [ 63.093335, 64.379455, 67.717524, 70.665936 ] }, { "date": "2025-02-21", "close": 55.09, "volume": 185062, "typical_volume": 67953.9, "trend": 72.129667, "fair_value": 65.058462, "relative_strength": -15.347969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.782459, "energy": 49.464679, "activity_lines": [ 60.394668, 62.341273, 66.207238, 69.557764 ] }, { "date": "2025-02-28", "close": 48.220001, "volume": 51996, "typical_volume": 65175.95, "trend": 71.739667, "fair_value": 64.880705, "relative_strength": -23.250164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.881246, "energy": 62.338111, "activity_lines": [ 55.870001, 59.442183, 64.205048, 68.015205 ] }, { "date": "2025-03-07", "close": 47.130001, "volume": 237707, "typical_volume": 73474.45, "trend": 71.114, "fair_value": 64.623205, "relative_strength": -25.987042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.136225, "energy": 84.333673, "activity_lines": [ 51.934001, 56.758183, 62.263905, 66.427484 ] }, { "date": "2025-03-14", "close": 48.240002, "volume": 73228, "typical_volume": 74397.55, "trend": 70.671, "fair_value": 64.252628, "relative_strength": -23.516014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.707547, "energy": 82.780818, "activity_lines": [ 49.409335, 54.630728, 60.568334, 64.951742 ] }, { "date": "2025-03-21", "close": 48.810001, "volume": 226861, "typical_volume": 83930.9, "trend": 69.530667, "fair_value": 63.780898, "relative_strength": -25.452048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.059697, "energy": 78.953041, "activity_lines": [ 48.662001, 52.977819, 59.037572, 63.541355 ] }, { "date": "2025-03-28", "close": 47.790001, "volume": 423963, "typical_volume": 102909.45, "trend": 68.504667, "fair_value": 63.412564, "relative_strength": -27.220497, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.713252, "energy": 67.963292, "activity_lines": [ 48.092668, 51.42291, 57.528429, 62.138732 ] }, { "date": "2025-04-04", "close": 55.48, "volume": 115098, "typical_volume": 106985.15, "trend": 67.886, "fair_value": 63.035193, "relative_strength": -12.922315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.239415, "energy": 44.63549, "activity_lines": [ 50.573334, 51.525456, 56.882334, 61.298431 ] }, { "date": "2025-04-11", "close": 58.200001, "volume": 80994, "typical_volume": 108971.6, "trend": 67.079334, "fair_value": 62.7025, "relative_strength": -8.227259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.719928, "energy": 28.069499, "activity_lines": [ 53.476667, 52.250183, 56.547144, 60.673527 ] }, { "date": "2025-04-18", "close": 69.699997, "volume": 211945, "typical_volume": 118687.95, "trend": 66.666667, "fair_value": 62.486475, "relative_strength": 5.079876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.498923, "energy": 14.683542, "activity_lines": [ 59.475333, 55.148546, 57.363334, 60.842602 ] }, { "date": "2025-04-25", "close": 58.439999, "volume": 93779, "typical_volume": 120733.2, "trend": 65.202, "fair_value": 62.291218, "relative_strength": -12.294274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.306748, "energy": 21.175558, "activity_lines": [ 60.289999, 56.042364, 57.115238, 60.31185 ] }, { "date": "2025-05-02", "close": 58.0, "volume": 29908, "typical_volume": 121316.35, "trend": 64.162333, "fair_value": 62.187372, "relative_strength": -13.694958, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.243277, "energy": 19.943161, "activity_lines": [ 60.315999, 56.822363, 56.924286, 59.847205 ] }, { "date": "2025-05-09", "close": 58.200001, "volume": 20057, "typical_volume": 121781.9, "trend": 63.341, "fair_value": 62.086731, "relative_strength": -11.886556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.98838, "energy": 14.586514, "activity_lines": [ 59.728, 57.585818, 56.840191, 59.462538 ] }, { "date": "2025-05-16", "close": 59.25, "volume": 36730, "typical_volume": 123157.65, "trend": 62.766, "fair_value": 61.999552, "relative_strength": -13.689572, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.753696, "energy": 8.265738, "activity_lines": [ 59.308667, 58.358727, 56.91681, 59.198602 ] }, { "date": "2025-05-23", "close": 58.200001, "volume": 42303, "typical_volume": 124969.3, "trend": 62.324334, "fair_value": 61.934808, "relative_strength": -14.512561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.520741, "energy": 11.339631, "activity_lines": [ 58.469334, 58.720364, 56.928619, 58.904022 ] }, { "date": "2025-05-30", "close": 55.240002, "volume": 28801, "typical_volume": 126112.15, "trend": 61.707334, "fair_value": 61.730898, "relative_strength": -18.354962, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.593657, "energy": 16.666339, "activity_lines": [ 57.410001, 58.362728, 56.708239, 58.446968 ] }, { "date": "2025-06-06", "close": 54.880001, "volume": 58865, "typical_volume": 128819.55, "trend": 61.029, "fair_value": 61.550962, "relative_strength": -19.503172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.364468, "energy": 19.82111, "activity_lines": [ 56.444001, 57.822728, 56.497191, 58.006495 ] }, { "date": "2025-06-13", "close": 55.950001, "volume": 53222, "typical_volume": 130605.65, "trend": 60.681667, "fair_value": 61.434295, "relative_strength": -16.565134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.157551, "energy": 20.481201, "activity_lines": [ 56.042668, 57.348364, 56.422191, 57.678818 ] }, { "date": "2025-06-20", "close": 58.950001, "volume": 230306, "typical_volume": 141144.65, "trend": 60.313667, "fair_value": 61.359936, "relative_strength": -13.283657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.461624, "energy": 15.262254, "activity_lines": [ 56.791334, 57.41091, 56.664096, 57.567097 ] }, { "date": "2025-06-27", "close": 63.09, "volume": 98389, "typical_volume": 121686.05, "trend": 60.036667, "fair_value": 61.248334, "relative_strength": -9.01468, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.461464, "energy": 4.456883, "activity_lines": [ 58.940001, 58.212546, 57.318381, 57.746216 ] }, { "date": "2025-07-04", "close": 65.209999, "volume": 146079, "typical_volume": 122264.65, "trend": 59.569, "fair_value": 61.159616, "relative_strength": -5.305884, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.506493, "energy": 33.455431, "activity_lines": [ 61.469333, 59.519819, 58.217238, 58.079979 ] }, { "date": "2025-07-11", "close": 62.75, "volume": 248611, "typical_volume": 125442.1, "trend": 59.112667, "fair_value": 61.104808, "relative_strength": -7.760545, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.213692, "energy": 40.387036, "activity_lines": [ 62.514, 60.256728, 58.840715, 58.285205 ] }, { "date": "2025-07-18", "close": 62.68, "volume": 37579, "typical_volume": 124721.25, "trend": 58.837, "fair_value": 61.024231, "relative_strength": -7.240156, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.892802, "energy": 48.343421, "activity_lines": [ 63.010667, 60.894546, 59.421048, 58.515355 ] }, { "date": "2025-07-25", "close": 59.16, "volume": 168367, "typical_volume": 121254.25, "trend": 58.587667, "fair_value": 60.937116, "relative_strength": -11.985064, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.532239, "energy": 39.519615, "activity_lines": [ 61.885333, 60.810909, 59.597286, 58.536194 ] }, { "date": "2025-08-01", "close": 56.040001, "volume": 191952, "typical_volume": 127190.45, "trend": 58.167667, "fair_value": 60.820385, "relative_strength": -15.619169, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 23.489294, "energy": 11.531814, "activity_lines": [ 59.706, 60.161637, 59.419096, 58.371828 ] }, { "date": "2025-08-08", "close": 57.349998, "volume": 37959, "typical_volume": 117745.35, "trend": 57.932667, "fair_value": 60.78641, "relative_strength": -12.712927, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.274783, "energy": 15.007325, "activity_lines": [ 58.433333, 59.789818, 59.328524, 58.319076 ] }, { "date": "2025-08-15", "close": 56.52, "volume": 37106, "typical_volume": 98402.5, "trend": 57.748334, "fair_value": 60.807372, "relative_strength": -14.78299, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.109659, "energy": 13.551527, "activity_lines": [ 57.408, 59.228727, 59.118238, 58.227936 ] }, { "date": "2025-08-22", "close": 56.040001, "volume": 54234, "typical_volume": 95359.3, "trend": 57.533, "fair_value": 60.822692, "relative_strength": -15.660754, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.821249, "energy": 19.747237, "activity_lines": [ 56.638, 58.550545, 58.820667, 58.117721 ] }, { "date": "2025-08-29", "close": 56.110001, "volume": 197751, "typical_volume": 101197.15, "trend": 57.311667, "fair_value": 60.81218, "relative_strength": -13.514879, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.186918, "energy": 19.420726, "activity_lines": [ 56.334, 57.883455, 58.527095, 58.025914 ] }, { "date": "2025-09-05", "close": 62.560001, "volume": 437290, "typical_volume": 112464.4, "trend": 56.995334, "fair_value": 60.882116, "relative_strength": -4.485926, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.248024, "energy": 11.347668, "activity_lines": [ 58.383334, 58.440728, 58.857762, 58.364516 ] }, { "date": "2025-09-12", "close": 69.75, "volume": 1791717, "typical_volume": 197361.3, "trend": 57.434334, "fair_value": 60.989808, "relative_strength": 5.271021, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.584657, "energy": 38.572829, "activity_lines": [ 62.394667, 60.314909, 59.907191, 59.187398 ] }, { "date": "2025-09-19", "close": 72.169998, "volume": 205394, "typical_volume": 206135.6, "trend": 58.003667, "fair_value": 61.100833, "relative_strength": 8.269964, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.417245, "energy": 62.161215, "activity_lines": [ 66.386, 62.546545, 61.133238, 60.138086 ] }, { "date": "2025-09-26", "close": 66.529999, "volume": 217951, "typical_volume": 216030.3, "trend": 58.614, "fair_value": 61.126667, "relative_strength": 3.447006, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.738248, "energy": 61.232654, "activity_lines": [ 67.453999, 63.581454, 61.754667, 60.688172 ] }, { "date": "2025-10-03", "close": 72.300003, "volume": 152025, "typical_volume": 221795.05, "trend": 59.453, "fair_value": 61.196218, "relative_strength": 11.882363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.157718, "energy": 71.44754, "activity_lines": [ 69.746, 65.595455, 62.885953, 61.57114 ] }, { "date": "2025-10-10", "close": 67.300003, "volume": 101421, "typical_volume": 224750.95, "trend": 60.088334, "fair_value": 61.230513, "relative_strength": 3.035428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.990271, "energy": 61.420523, "activity_lines": [ 69.292001, 66.461455, 63.478905, 62.077398 ] }, { "date": "2025-10-17", "close": 66.07, "volume": 90548, "typical_volume": 227838.3, "trend": 60.663667, "fair_value": 61.268782, "relative_strength": -0.140081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.79753, "energy": 35.862957, "activity_lines": [ 68.112001, 66.899092, 63.911381, 62.463312 ] }, { "date": "2025-10-24", "close": 68.029999, "volume": 46482, "typical_volume": 227219.15, "trend": 61.338334, "fair_value": 61.337564, "relative_strength": 2.726028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.152584, "energy": 33.166583, "activity_lines": [ 67.830667, 67.534546, 64.478953, 62.938559 ] }, { "date": "2025-10-31", "close": 75.639999, "volume": 157239, "typical_volume": 232420.0, "trend": 62.010334, "fair_value": 61.453526, "relative_strength": 14.6221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.005657, "energy": 40.468652, "activity_lines": [ 70.362, 69.344364, 65.708667, 63.861248 ] }, { "date": "2025-11-07", "close": 80.050003, "volume": 181681, "typical_volume": 229988.75, "trend": 62.738667, "fair_value": 61.601282, "relative_strength": 22.375589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.702364, "energy": 55.495069, "activity_lines": [ 73.756001, 71.599637, 67.26462, 65.025097 ] }, { "date": "2025-11-14", "close": 76.050003, "volume": 158189, "typical_volume": 232978.75, "trend": 62.950334, "fair_value": 61.72468, "relative_strength": 14.287803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.731713, "energy": 63.297268, "activity_lines": [ 75.300001, 72.692365, 68.339144, 65.883893 ] }, { "date": "2025-11-21", "close": 80.199997, "volume": 151166, "typical_volume": 233233.1, "trend": 63.675667, "fair_value": 61.880128, "relative_strength": 19.659948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.062188, "energy": 71.123674, "activity_lines": [ 77.644, 74.294364, 69.747191, 66.996775 ] }, { "date": "2025-11-28", "close": 71.349998, "volume": 111803, "typical_volume": 226392.7, "trend": 64.120667, "fair_value": 61.985257, "relative_strength": 6.095095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.602486, "energy": 49.364538, "activity_lines": [ 76.095999, 74.097273, 70.241, 67.491893 ] }, { "date": "2025-12-05", "close": 69.209999, "volume": 164992, "typical_volume": 232763.35, "trend": 64.487667, "fair_value": 62.062244, "relative_strength": 3.417984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.762158, "energy": 31.216442, "activity_lines": [ 73.613332, 73.526, 70.490048, 67.820237 ] }, { "date": "2025-12-12", "close": 69.330002, "volume": 72348, "typical_volume": 227962.4, "trend": 64.823667, "fair_value": 62.033269, "relative_strength": 4.485876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.591237, "energy": 19.605986, "activity_lines": [ 71.599333, 72.927818, 70.719429, 68.132645 ] }, { "date": "2025-12-19", "close": 67.620003, "volume": 48216, "typical_volume": 220775.6, "trend": 65.137667, "fair_value": 62.064487, "relative_strength": 2.537471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.792213, "energy": 20.601878, "activity_lines": [ 69.730001, 72.072728, 70.737524, 68.313054 ] }, { "date": "2025-12-26", "close": 67.760002, "volume": 25153, "typical_volume": 220135.3, "trend": 65.555, "fair_value": 62.086667, "relative_strength": 2.602965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.969913, "energy": 18.63298, "activity_lines": [ 68.469335, 71.237274, 70.71381, 68.482237 ] }, { "date": "2026-01-02", "close": 71.68, "volume": 40623, "typical_volume": 220311.15, "trend": 66.115, "fair_value": 62.108654, "relative_strength": 7.470196, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.786682, "energy": 16.7265, "activity_lines": [ 69.344668, 71.083819, 71.013858, 68.877398 ] }, { "date": "2026-01-09", "close": 72.129997, "volume": 45165, "typical_volume": 219857.7, "trend": 66.654334, "fair_value": 62.065577, "relative_strength": 10.811365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.831148, "energy": 11.148905, "activity_lines": [ 70.348, 70.945818, 71.284572, 69.265463 ] }, { "date": "2026-01-16", "close": 68.199997, "volume": 39046, "typical_volume": 211922.45, "trend": 66.962667, "fair_value": 62.0425, "relative_strength": 4.74459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.294024, "energy": 6.665545, "activity_lines": [ 69.846665, 70.15709, 71.104381, 69.365183 ] }, { "date": "2026-01-23", "close": 62.52, "volume": 62957, "typical_volume": 193205.8, "trend": 66.943667, "fair_value": 62.009616, "relative_strength": -1.34612, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.314692, "energy": 8.007449, "activity_lines": [ 67.527332, 68.55109, 70.325667, 69.078559 ] }, { "date": "2026-01-30", "close": 63.52, "volume": 27849, "typical_volume": 105012.4, "trend": 66.887333, "fair_value": 62.010705, "relative_strength": -0.72366, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.729233, "energy": 27.404357, "activity_lines": [ 65.881332, 67.372909, 69.642381, 68.857677 ] }, { "date": "2026-02-06", "close": 63.490002, "volume": 48581, "typical_volume": 97171.75, "trend": 66.912, "fair_value": 62.067692, "relative_strength": -1.772361, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.97907, "energy": 36.290047, "activity_lines": [ 64.508, 66.492545, 68.985905, 68.638495 ] }, { "date": "2026-02-13", "close": 67.25, "volume": 65263, "typical_volume": 89537.35, "trend": 67.064334, "fair_value": 62.130833, "relative_strength": 4.815801, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.019482, "energy": 32.052156, "activity_lines": [ 64.934, 66.438727, 68.728857, 68.660301 ] }, { "date": "2026-02-20", "close": 65.830002, "volume": 117573, "typical_volume": 87814.75, "trend": 67.286667, "fair_value": 62.210192, "relative_strength": 2.07784, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.974391, "energy": 23.368367, "activity_lines": [ 65.212001, 66.162364, 68.333143, 68.580667 ] }, { "date": "2026-02-27", "close": 65.849998, "volume": 159940, "typical_volume": 90740.7, "trend": 67.613667, "fair_value": 62.299616, "relative_strength": 3.357481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.573239, "energy": 14.505607, "activity_lines": [ 65.654667, 65.953273, 67.970143, 68.487979 ] }, { "date": "2026-03-06", "close": 59.720001, "volume": 95485, "typical_volume": 90987.55, "trend": 67.692667, "fair_value": 62.35359, "relative_strength": -3.730442, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.433149, "energy": 22.567913, "activity_lines": [ 63.832, 64.661818, 67.030238, 67.97871 ] }, { "date": "2026-03-13", "close": 59.400002, "volume": 102394, "typical_volume": 93783.15, "trend": 67.788667, "fair_value": 62.427628, "relative_strength": 0.813112, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.565679, "energy": 45.3579, "activity_lines": [ 62.156001, 63.458364, 66.090096, 67.443699 ] }, { "date": "2026-03-20", "close": 61.060001, "volume": 91198, "typical_volume": 90481.1, "trend": 67.956, "fair_value": 62.534103, "relative_strength": 3.36395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.035959, "energy": 49.808209, "activity_lines": [ 61.306001, 62.780001, 65.349143, 67.009592 ] }, { "date": "2026-03-27", "close": 57.849998, "volume": 16557, "typical_volume": 82224.9, "trend": 68.014, "fair_value": 62.629295, "relative_strength": -1.178618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.261592, "energy": 61.165829, "activity_lines": [ 59.798667, 61.719273, 64.371905, 66.357592 ] }, { "date": "2026-04-03", "close": 58.110001, "volume": 69072, "typical_volume": 77769.05, "trend": 67.865667, "fair_value": 62.687692, "relative_strength": -0.370744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.140665, "energy": 55.702883, "activity_lines": [ 58.91, 60.894, 63.525143, 65.718624 ] }, { "date": "2026-04-10", "close": 68.279999, "volume": 31722, "typical_volume": 71796.85, "trend": 67.816667, "fair_value": 62.797821, "relative_strength": 10.316185, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.279614, "energy": 24.38491, "activity_lines": [ 61.927333, 61.998, 63.732381, 65.745355 ] }, { "date": "2026-04-17", "close": 73.849998, "volume": 88058, "typical_volume": 70609.6, "trend": 67.872667, "fair_value": 62.952308, "relative_strength": 17.734138, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.247894, "energy": 9.628034, "activity_lines": [ 66.230666, 64.028182, 64.526857, 66.134602 ] }, { "date": "2026-04-24", "close": 70.989998, "volume": 47671, "typical_volume": 64743.55, "trend": 68.021333, "fair_value": 63.086218, "relative_strength": 14.869507, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.868249, "energy": 20.05701, "activity_lines": [ 68.617332, 65.349999, 65.037047, 66.33572 ] }, { "date": "2026-05-01", "close": 69.559998, "volume": 39866, "typical_volume": 63119.45, "trend": 67.93, "fair_value": 63.202628, "relative_strength": 11.659678, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.16526, "energy": 24.417319, "activity_lines": [ 69.865332, 66.343817, 65.402571, 66.434989 ] }, { "date": "2026-05-08", "close": 73.75, "volume": 46798, "typical_volume": 63048.55, "trend": 68.145, "fair_value": 63.342372, "relative_strength": 16.968304, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.388571, "energy": 38.674635, "activity_lines": [ 71.729332, 68.031635, 66.166047, 66.810473 ] }, { "date": "2026-05-15", "close": 67.5, "volume": 30183, "typical_volume": 63300.05, "trend": 68.192667, "fair_value": 63.457436, "relative_strength": 9.07601, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.963221, "energy": 29.204949, "activity_lines": [ 70.467333, 68.439454, 66.305095, 66.76886 ] }, { "date": "2026-05-22", "close": 72.779999, "volume": 60866, "typical_volume": 64312.2, "trend": 68.351, "fair_value": 63.616282, "relative_strength": 16.609768, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.193145, "energy": 22.878793, "activity_lines": [ 71.017333, 69.665817, 66.948238, 67.064817 ] }, { "date": "2026-05-29", "close": 70.440002, "volume": 64509, "typical_volume": 65279.4, "trend": 68.177667, "fair_value": 63.790257, "relative_strength": 13.055239, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.818178, "energy": 18.655953, "activity_lines": [ 70.858667, 70.223454, 67.363285, 67.199591 ] }, { "date": "2026-06-05", "close": 69.610001, "volume": 1902, "typical_volume": 63422.2, "trend": 67.829667, "fair_value": 63.960833, "relative_strength": 11.950768, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.462163, "energy": 13.421805, "activity_lines": [ 70.460001, 70.459636, 67.707333, 67.292 ] }, { "date": "2026-06-12", "close": 67.760002, "volume": 1359, "typical_volume": 60342.3, "trend": 67.553333, "fair_value": 64.116987, "relative_strength": 7.324414, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.128937, "energy": 9.361047, "activity_lines": [ 69.441335, 70.145637, 67.868476, 67.287505 ] }, { "date": "2026-06-19", "close": 69.220001, "volume": 18177, "typical_volume": 59858.7, "trend": 67.187333, "fair_value": 64.304616, "relative_strength": 7.441641, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.692964, "energy": 14.496402, "activity_lines": [ 69.308668, 69.921637, 68.143714, 67.395032 ] }, { "date": "2026-06-26", "close": 71.169998, "volume": 0, "typical_volume": 57429.65, "trend": 67.181333, "fair_value": 64.481346, "relative_strength": 9.879395, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.949926, "energy": 16.563236, "activity_lines": [ 69.711334, 70.035091, 68.577524, 67.651978 ] }, { "date": "2026-07-03", "close": 70.629997, "volume": 20145, "typical_volume": 55173.75, "trend": 67.228667, "fair_value": 64.637628, "relative_strength": 7.811732, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.476077, "energy": 16.828665, "activity_lines": [ 70.041332, 70.099091, 68.923333, 67.874473 ] }, { "date": "2026-07-10", "close": 73.599998, "volume": 139398, "typical_volume": 56265.0, "trend": 67.371, "fair_value": 64.828013, "relative_strength": 12.206009, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.843034, "energy": 36.438176, "activity_lines": [ 71.348665, 70.709636, 69.535904, 68.285527 ] }, { "date": "2026-07-17", "close": 68.93, "volume": 84633, "typical_volume": 52499.65, "trend": 67.414666, "fair_value": 64.963462, "relative_strength": 4.297714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.467722, "energy": 29.420801, "activity_lines": [ 70.833332, 70.397636, 69.666714, 68.386107 ] }, { "date": "2026-07-24", "close": 66.559998, "volume": 26044, "typical_volume": 49027.6, "trend": 67.374666, "fair_value": 65.087564, "relative_strength": 2.808955, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.930073, "energy": 12.474458, "activity_lines": [ 69.449998, 69.742363, 69.557142, 68.330967 ] }, { "date": "2026-07-31", "close": 66.5, "volume": 18535, "typical_volume": 44834.65, "trend": 67.202, "fair_value": 65.168013, "relative_strength": -0.193509, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.606255, "energy": 8.126222, "activity_lines": [ 68.223999, 69.093272, 69.409285, 68.274537 ] }, { "date": "2026-08-07", "close": 70.790001, "volume": 23913, "typical_volume": 41470.4, "trend": 67.157333, "fair_value": 65.256731, "relative_strength": 5.046616, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.913314, "energy": 14.550497, "activity_lines": [ 68.739333, 69.338363, 69.63619, 68.506021 ] } ], "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." } } }