{ "ticker": { "uuid": "db8b5ef1-d482-4455-abef-3a636cac52ca", "symbol": "1477", "name": "Makalot Industrial Co., Ltd.", "exchange": "TAI", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -51.716, "architecture_energy": 31.162, "architecture_maturity": 69.241, "architecture_confidence": 82.405, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 42.14, "rotation_up": 25.33, "upward_expansion": 3.36, "deceleration": 59.33, "rotation_down": 41.06, "downward_expansion": 74.36 }, "activity_lines": [ 219.366667, 219.9, 220.040476, 227.412711 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 218.0, "trend_reference": 243.97643, "distance_from_trend": -0.106471, "trend_direction": "Weakening", "fair_value": 290.679732, "distance_from_fair_value": -0.250034, "fair_value_direction": "Improving", "relative_strength": -41.532692, "relative_strength_direction": "Improving", "price_momentum": -0.290644, "excess_performance": -0.732016, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.106471, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.088942, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.250034, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.001524, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.415327, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.033094, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.290644, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.634096, "read": "Supply-led" } ], "volume": { "latest": 10409481, "relative_activity": 0.971578, "balance": 0.634096, "dry_up": 0.805619, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.059986, "annualized_volatility": 0.297747, "from_high_reference": -0.344258, "from_low_reference": 0.073892 }, "levels": { "trend_reference": 243.97643, "fair_value_reference": 290.679732, "structural_low": 203.0, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.013953, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.000118, "regime_survival": 0.809524, "best_return": 0.231834, "worst_return": -0.154851, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.001251, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.09683, "regime_survival": 0.625, "best_return": 0.128049, "worst_return": -0.226292, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.078896, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.079482, "regime_survival": 0.5, "best_return": 0.095629, "worst_return": -0.16132, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.115059, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.098275, "regime_survival": 0.0, "best_return": -0.041195, "worst_return": -0.188922, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-30", "end": "2024-10-18", "tenure": "Developing", "return": -0.007854, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2025-01-24", "tenure": "Established", "return": -0.007153, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": -0.015493, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.162803, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.019531, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-08-15", "tenure": "Established", "return": -0.022524, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.058052, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": -0.044597, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-10-24", "tenure": "New", "return": 0.010563, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.096654, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-03-06", "tenure": "Established", "return": 0.001626, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.104788, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.002283, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-08-14", "tenure": "Established", "return": 0.013953, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 260.481201, "volume": 16939403, "typical_volume": 16580340.8, "trend": 203.401198, "fair_value": 167.819338, "relative_strength": 28.672969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.275421, "energy": 61.387562, "activity_lines": [ 260.030141, 254.57654, 233.40814, 219.528082 ] }, { "date": "2023-08-18", "close": 252.024017, "volume": 10620475, "typical_volume": 16249554.45, "trend": 205.677694, "fair_value": 168.60882, "relative_strength": 25.016667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.503154, "energy": 54.104303, "activity_lines": [ 257.690324, 255.822054, 236.718524, 222.665038 ] }, { "date": "2023-08-25", "close": 285.006989, "volume": 26187391, "typical_volume": 17437719.25, "trend": 208.987486, "fair_value": 169.616596, "relative_strength": 38.756153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.955326, "energy": 62.231272, "activity_lines": [ 266.683118, 261.988103, 242.83991, 227.783057 ] }, { "date": "2023-09-01", "close": 276.549835, "volume": 13662330, "typical_volume": 17795597.7, "trend": 212.372513, "fair_value": 170.535837, "relative_strength": 31.886539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.41367, "energy": 56.590023, "activity_lines": [ 271.137233, 265.493989, 247.676612, 232.141918 ] }, { "date": "2023-09-08", "close": 290.927063, "volume": 16002096, "typical_volume": 18315923.6, "trend": 216.342601, "fair_value": 171.522068, "relative_strength": 37.7336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.880713, "energy": 61.568806, "activity_lines": [ 278.692324, 270.775887, 253.483879, 237.209954 ] }, { "date": "2023-09-15", "close": 281.201294, "volume": 12234193, "typical_volume": 18651565.5, "trend": 220.014952, "fair_value": 172.407054, "relative_strength": 29.275567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.223609, "energy": 63.351597, "activity_lines": [ 281.426815, 273.643642, 257.857451, 241.394386 ] }, { "date": "2023-09-22", "close": 277.395569, "volume": 11205082, "typical_volume": 18942362.95, "trend": 223.5869, "fair_value": 173.27451, "relative_strength": 30.882848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.551406, "energy": 55.100995, "activity_lines": [ 281.511391, 275.335081, 261.425578, 245.096361 ] }, { "date": "2023-09-29", "close": 284.161285, "volume": 6473035, "typical_volume": 19031282.3, "trend": 227.437281, "fair_value": 174.235677, "relative_strength": 32.747483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.089932, "energy": 55.587374, "activity_lines": [ 282.15977, 277.88761, 265.229295, 249.004386 ] }, { "date": "2023-10-06", "close": 290.927063, "volume": 8380097, "typical_volume": 19107799.45, "trend": 231.420597, "fair_value": 175.276825, "relative_strength": 33.212361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.27583, "energy": 55.698343, "activity_lines": [ 285.119788, 281.216667, 269.248471, 253.100501 ] }, { "date": "2023-10-13", "close": 304.458557, "volume": 6570544, "typical_volume": 19064797.95, "trend": 235.722687, "fair_value": 176.461921, "relative_strength": 35.906884, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.667638, "energy": 60.70612, "activity_lines": [ 291.631822, 286.283291, 274.099271, 257.812627 ] }, { "date": "2023-10-20", "close": 304.881378, "volume": 8896096, "typical_volume": 18946384.25, "trend": 239.761096, "fair_value": 177.633709, "relative_strength": 37.633814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.914031, "energy": 66.14541, "activity_lines": [ 297.382696, 290.750217, 278.420486, 262.274478 ] }, { "date": "2023-10-27", "close": 300.652802, "volume": 5993494, "typical_volume": 18710403.2, "trend": 243.693685, "fair_value": 178.80585, "relative_strength": 36.992746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.753517, "energy": 63.832199, "activity_lines": [ 300.145374, 293.641035, 281.819468, 266.202976 ] }, { "date": "2023-11-03", "close": 322.218628, "volume": 9022476, "typical_volume": 17487406.9, "trend": 248.288754, "fair_value": 180.049874, "relative_strength": 42.079967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.401605, "energy": 74.661857, "activity_lines": [ 308.546177, 299.568752, 286.758865, 271.269101 ] }, { "date": "2023-11-10", "close": 337.018677, "volume": 8975868, "typical_volume": 16142405.9, "trend": 253.095252, "fair_value": 181.340718, "relative_strength": 45.599257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.607338, "energy": 84.917682, "activity_lines": [ 319.343174, 307.510812, 292.636606, 276.993612 ] }, { "date": "2023-11-17", "close": 310.378571, "volume": 11141694, "typical_volume": 14601125.1, "trend": 257.295652, "fair_value": 182.463079, "relative_strength": 28.998456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.081168, "energy": 58.404202, "activity_lines": [ 318.187362, 309.509782, 295.469762, 280.68931 ] }, { "date": "2023-11-24", "close": 309.955719, "volume": 7834299, "typical_volume": 13128383.95, "trend": 261.3551, "fair_value": 183.571289, "relative_strength": 27.254531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.54264, "energy": 56.812618, "activity_lines": [ 316.495931, 311.078207, 298.000877, 284.086734 ] }, { "date": "2023-12-01", "close": 302.767059, "volume": 9444208, "typical_volume": 12369207.05, "trend": 265.062164, "fair_value": 184.6563, "relative_strength": 22.28349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.078518, "energy": 47.491982, "activity_lines": [ 312.069991, 310.816795, 299.583574, 286.758473 ] }, { "date": "2023-12-08", "close": 297.269897, "volume": 14920861, "typical_volume": 12216289.4, "trend": 268.501417, "fair_value": 185.692343, "relative_strength": 19.69899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.936582, "energy": 26.768949, "activity_lines": [ 305.670713, 309.094599, 300.425262, 288.836391 ] }, { "date": "2023-12-15", "close": 297.269897, "volume": 10244886, "typical_volume": 12075503.55, "trend": 271.91248, "fair_value": 186.746693, "relative_strength": 17.164145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.749661, "energy": 21.628713, "activity_lines": [ 300.934684, 307.134065, 301.085724, 290.692422 ] }, { "date": "2023-12-22", "close": 285.852753, "volume": 9113829, "typical_volume": 11193117.85, "trend": 275.281258, "fair_value": 187.718702, "relative_strength": 12.665125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.483214, "energy": 19.278283, "activity_lines": [ 295.042859, 302.982362, 300.439356, 291.591795 ] }, { "date": "2023-12-29", "close": 299.807098, "volume": 5867999, "typical_volume": 10639547.65, "trend": 278.748702, "fair_value": 188.748127, "relative_strength": 15.430529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.697888, "energy": 19.378495, "activity_lines": [ 295.437536, 301.706101, 301.033374, 293.174107 ] }, { "date": "2024-01-05", "close": 299.807098, "volume": 10766174, "typical_volume": 10646832.6, "trend": 282.314814, "fair_value": 189.798146, "relative_strength": 17.51371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.070927, "energy": 12.884747, "activity_lines": [ 296.508789, 300.522098, 301.440125, 294.532713 ] }, { "date": "2024-01-12", "close": 320.104309, "volume": 9255837, "typical_volume": 9800254.9, "trend": 285.542638, "fair_value": 190.985141, "relative_strength": 24.556272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.183287, "energy": 23.973986, "activity_lines": [ 304.543109, 303.043875, 303.552406, 296.970745 ] }, { "date": "2024-01-19", "close": 288.389862, "volume": 16116863, "typical_volume": 9922981.55, "trend": 287.473694, "fair_value": 191.957396, "relative_strength": 10.577718, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.874857, "energy": 12.069462, "activity_lines": [ 300.483653, 299.83783, 302.477133, 297.154437 ] }, { "date": "2024-01-26", "close": 293.887085, "volume": 7836650, "typical_volume": 9514709.25, "trend": 288.756367, "fair_value": 192.967178, "relative_strength": 10.162874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.169098, "energy": 10.81982, "activity_lines": [ 298.848606, 298.515441, 301.869024, 297.568204 ] }, { "date": "2024-02-02", "close": 310.378571, "volume": 4028156, "typical_volume": 9104407.4, "trend": 290.616947, "fair_value": 194.071234, "relative_strength": 15.035698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.318285, "energy": 19.384061, "activity_lines": [ 302.1751, 300.491349, 302.817437, 298.963185 ] }, { "date": "2024-02-09", "close": 307.8414, "volume": 1449479, "typical_volume": 8616627.25, "trend": 292.308383, "fair_value": 195.12699, "relative_strength": 12.996561, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.625971, "energy": 14.414155, "activity_lines": [ 303.951105, 301.998264, 303.385276, 300.07444 ] }, { "date": "2024-02-16", "close": 306.995667, "volume": 2406986, "typical_volume": 8413324.8, "trend": 293.901153, "fair_value": 196.214766, "relative_strength": 8.832743, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.915341, "energy": 20.357286, "activity_lines": [ 304.909579, 303.25915, 303.727589, 301.022007 ] }, { "date": "2024-02-23", "close": 315.875702, "volume": 6282842, "typical_volume": 8308462.05, "trend": 296.057732, "fair_value": 197.31733, "relative_strength": 9.511663, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.056305, "energy": 41.963957, "activity_lines": [ 309.701974, 305.957755, 304.806884, 302.439719 ] }, { "date": "2024-03-01", "close": 315.875702, "volume": 3871861, "typical_volume": 8173527.9, "trend": 297.678692, "fair_value": 198.382441, "relative_strength": 8.438864, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.705708, "energy": 47.38687, "activity_lines": [ 312.661979, 308.318073, 305.767376, 303.718298 ] }, { "date": "2024-03-08", "close": 309.109985, "volume": 5696809, "typical_volume": 8013563.55, "trend": 299.299651, "fair_value": 199.411205, "relative_strength": 0.982181, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.755642, "energy": 42.218086, "activity_lines": [ 311.900838, 308.902388, 306.029146, 304.455801 ] }, { "date": "2024-03-15", "close": 339.132965, "volume": 12234259, "typical_volume": 8325601.8, "trend": 302.203283, "fair_value": 200.625401, "relative_strength": 10.561002, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 78.640789, "energy": 66.298238, "activity_lines": [ 321.231929, 314.776284, 309.130112, 307.025692 ] }, { "date": "2024-03-22", "close": 338.287262, "volume": 8856992, "typical_volume": 8317327.6, "trend": 303.979292, "fair_value": 201.749907, "relative_strength": 6.627488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.707779, "energy": 69.040318, "activity_lines": [ 328.195015, 319.7814, 311.967296, 309.353691 ] }, { "date": "2024-03-29", "close": 327.722443, "volume": 14853043, "typical_volume": 8611186.35, "trend": 305.685045, "fair_value": 202.827757, "relative_strength": 2.379443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.45751, "energy": 61.430271, "activity_lines": [ 329.550389, 322.53504, 313.721789, 310.885507 ] }, { "date": "2024-04-05", "close": 330.368927, "volume": 5184997, "typical_volume": 8313351.5, "trend": 306.999774, "fair_value": 203.786804, "relative_strength": 2.412558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.281885, "energy": 64.709563, "activity_lines": [ 330.998141, 325.054722, 315.772596, 312.478016 ] }, { "date": "2024-04-12", "close": 339.190521, "volume": 8849862, "typical_volume": 8364129.65, "trend": 308.932748, "fair_value": 204.809423, "relative_strength": 2.595249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.700452, "energy": 58.749541, "activity_lines": [ 334.420209, 328.515024, 318.568363, 314.554838 ] }, { "date": "2024-04-19", "close": 335.661865, "volume": 6612324, "typical_volume": 8222535.45, "trend": 310.874958, "fair_value": 205.786014, "relative_strength": 7.121971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.564555, "energy": 47.194341, "activity_lines": [ 334.660689, 330.809898, 320.888854, 316.279297 ] }, { "date": "2024-04-26", "close": 347.571045, "volume": 10460558, "typical_volume": 7999520.3, "trend": 312.988617, "fair_value": 206.826856, "relative_strength": 6.985113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.259923, "energy": 60.676911, "activity_lines": [ 339.102303, 334.764251, 324.18691, 318.646787 ] }, { "date": "2024-05-03", "close": 339.631622, "volume": 5754654, "typical_volume": 7775008.7, "trend": 314.612102, "fair_value": 207.807133, "relative_strength": 2.91733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.856743, "energy": 52.95672, "activity_lines": [ 340.278524, 336.537338, 326.489302, 320.36569 ] }, { "date": "2024-05-10", "close": 335.220795, "volume": 7007717, "typical_volume": 7669703.1, "trend": 315.63751, "fair_value": 208.771225, "relative_strength": -0.707363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.453405, "energy": 40.88071, "activity_lines": [ 339.190523, 337.076531, 328.169893, 321.695283 ] }, { "date": "2024-05-17", "close": 328.604584, "volume": 6923632, "typical_volume": 7722484.75, "trend": 316.428284, "fair_value": 209.610698, "relative_strength": -5.562993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.920752, "energy": 30.703614, "activity_lines": [ 335.573661, 336.061047, 328.985282, 322.531869 ] }, { "date": "2024-05-24", "close": 327.281403, "volume": 5166759, "typical_volume": 7442514.0, "trend": 317.315904, "fair_value": 210.499717, "relative_strength": -7.713237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.007214, "energy": 19.960793, "activity_lines": [ 332.221468, 334.450538, 329.537523, 323.23207 ] }, { "date": "2024-05-31", "close": 339.631622, "volume": 4924482, "typical_volume": 7225946.25, "trend": 317.896337, "fair_value": 211.368772, "relative_strength": -2.952129, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.119044, "energy": 20.552513, "activity_lines": [ 333.544712, 335.301007, 331.135146, 324.671794 ] }, { "date": "2024-06-07", "close": 351.540771, "volume": 11346675, "typical_volume": 6987436.85, "trend": 318.380407, "fair_value": 212.246467, "relative_strength": -3.218419, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.81601, "energy": 33.592601, "activity_lines": [ 339.366968, 338.292332, 333.773986, 326.842402 ] }, { "date": "2024-06-14", "close": 338.30835, "volume": 4408541, "typical_volume": 6816031.4, "trend": 319.311399, "fair_value": 213.111875, "relative_strength": -9.757622, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.117861, "energy": 31.958505, "activity_lines": [ 339.984473, 338.444702, 334.851877, 328.128076 ] }, { "date": "2024-06-21", "close": 344.92453, "volume": 4423184, "typical_volume": 6835782.8, "trend": 320.477026, "fair_value": 214.055963, "relative_strength": -11.102478, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.71442, "energy": 46.440682, "activity_lines": [ 342.601534, 339.65566, 336.34835, 329.780536 ] }, { "date": "2024-06-28", "close": 371.389343, "volume": 11927636, "typical_volume": 7359690.65, "trend": 322.764436, "fair_value": 215.172115, "relative_strength": -3.476783, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.881415, "energy": 73.935506, "activity_lines": [ 352.952203, 345.574148, 340.200777, 333.065202 ] }, { "date": "2024-07-05", "close": 374.035858, "volume": 17072961, "typical_volume": 8092989.4, "trend": 325.323301, "fair_value": 216.268963, "relative_strength": -5.018605, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.078796, "energy": 75.140648, "activity_lines": [ 361.244515, 351.32423, 344.002644, 336.373035 ] }, { "date": "2024-07-12", "close": 386.827118, "volume": 8003204, "typical_volume": 8179007.5, "trend": 328.308542, "fair_value": 217.462314, "relative_strength": -3.394707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.280005, "energy": 85.149879, "activity_lines": [ 371.506964, 358.918818, 348.703487, 340.341023 ] }, { "date": "2024-07-19", "close": 411.086548, "volume": 13726036, "typical_volume": 8671716.25, "trend": 332.483002, "fair_value": 218.903054, "relative_strength": 7.028228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.169617, "energy": 94.267464, "activity_lines": [ 387.503467, 370.06611, 355.376888, 345.68154 ] }, { "date": "2024-07-26", "close": 394.325531, "volume": 7310029, "typical_volume": 8752377.25, "trend": 335.633616, "fair_value": 220.236351, "relative_strength": 5.745853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.021921, "energy": 85.862835, "activity_lines": [ 393.061084, 376.786568, 360.000617, 349.671381 ] }, { "date": "2024-08-02", "close": 374.035858, "volume": 8152053, "typical_volume": 8548266.95, "trend": 338.107908, "fair_value": 221.475854, "relative_strength": 2.36928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.724727, "energy": 71.459559, "activity_lines": [ 388.562077, 378.623068, 362.286208, 352.148945 ] }, { "date": "2024-08-09", "close": 325.075958, "volume": 15417217, "typical_volume": 8876278.2, "trend": 338.27363, "fair_value": 222.411183, "relative_strength": -10.273672, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.060499, "energy": 23.145115, "activity_lines": [ 367.566669, 370.707688, 359.742747, 351.308174 ] }, { "date": "2024-08-16", "close": 336.985107, "volume": 10960724, "typical_volume": 8681662.25, "trend": 339.893471, "fair_value": 223.381749, "relative_strength": -10.619063, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.056491, "energy": 18.400001, "activity_lines": [ 353.80497, 365.222255, 358.396401, 351.225043 ] }, { "date": "2024-08-23", "close": 344.042389, "volume": 7049434, "typical_volume": 8774884.1, "trend": 341.565315, "fair_value": 224.482179, "relative_strength": -7.773832, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.879277, "energy": 26.398601, "activity_lines": [ 345.7185, 361.284613, 357.67807, 351.492715 ] }, { "date": "2024-08-30", "close": 338.30835, "volume": 7031948, "typical_volume": 8683988.4, "trend": 342.496307, "fair_value": 225.591793, "relative_strength": -9.612248, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.124419, "energy": 29.684684, "activity_lines": [ 340.190293, 356.200163, 356.348528, 351.282588 ] }, { "date": "2024-09-06", "close": 347.571045, "volume": 10945245, "typical_volume": 8900634.45, "trend": 343.820629, "fair_value": 226.678575, "relative_strength": -3.381452, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.593081, "energy": 22.608737, "activity_lines": [ 341.484131, 352.920134, 355.905348, 351.609991 ] }, { "date": "2024-09-13", "close": 331.983032, "volume": 7427901, "typical_volume": 8749001.6, "trend": 344.653541, "fair_value": 227.619494, "relative_strength": -8.948644, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.83415, "energy": 23.493365, "activity_lines": [ 339.346285, 347.23898, 353.920885, 350.846275 ] }, { "date": "2024-09-20", "close": 342.529449, "volume": 6498551, "typical_volume": 8786196.45, "trend": 345.541999, "fair_value": 228.615929, "relative_strength": -7.590333, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.109873, "energy": 17.186334, "activity_lines": [ 340.26344, 344.239954, 353.015072, 350.709237 ] }, { "date": "2024-09-27", "close": 322.812225, "volume": 13157593, "typical_volume": 9093690.25, "trend": 345.773217, "fair_value": 229.459375, "relative_strength": -15.125803, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.606432, "energy": 23.70722, "activity_lines": [ 334.238564, 338.46139, 350.217628, 349.2428 ] }, { "date": "2024-10-04", "close": 332.900085, "volume": 6889470, "typical_volume": 9091982.15, "trend": 346.56622, "fair_value": 230.396501, "relative_strength": -10.154229, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.778302, "energy": 24.764928, "activity_lines": [ 332.991652, 336.12197, 348.440022, 348.412275 ] }, { "date": "2024-10-11", "close": 330.148834, "volume": 6235743, "typical_volume": 9145431.35, "trend": 346.266749, "fair_value": 231.347424, "relative_strength": -12.851195, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.70881, "energy": 30.082613, "activity_lines": [ 331.188208, 334.399149, 346.379937, 347.353089 ] }, { "date": "2024-10-18", "close": 335.651306, "volume": 4718622, "typical_volume": 9135138.35, "trend": 346.178884, "fair_value": 232.420662, "relative_strength": -13.178564, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.109894, "energy": 29.882821, "activity_lines": [ 332.380401, 334.474723, 344.830242, 346.668222 ] }, { "date": "2024-10-25", "close": 320.519501, "volume": 8829208, "typical_volume": 9009265.0, "trend": 345.938786, "fair_value": 233.464602, "relative_strength": -16.118877, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.570575, "energy": 42.632995, "activity_lines": [ 328.284108, 331.606781, 341.858377, 345.012778 ] }, { "date": "2024-11-01", "close": 287.963165, "volume": 8502770, "typical_volume": 9213976.45, "trend": 344.52526, "fair_value": 234.246654, "relative_strength": -22.129318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.641315, "energy": 71.505756, "activity_lines": [ 314.803033, 323.11888, 335.933629, 341.272415 ] }, { "date": "2024-11-08", "close": 311.348724, "volume": 10753597, "typical_volume": 9530497.1, "trend": 343.5972, "fair_value": 235.069809, "relative_strength": -17.892203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.337555, "energy": 70.577484, "activity_lines": [ 311.440415, 319.902521, 332.475816, 339.131993 ] }, { "date": "2024-11-15", "close": 307.221832, "volume": 4485966, "typical_volume": 9158413.6, "trend": 342.649199, "fair_value": 235.907614, "relative_strength": -15.634722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.495997, "energy": 74.5178, "activity_lines": [ 308.138924, 316.425993, 328.78485, 336.785195 ] }, { "date": "2024-11-22", "close": 291.172943, "volume": 11552539, "typical_volume": 8882392.5, "trend": 340.769263, "fair_value": 236.625616, "relative_strength": -20.10523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.989514, "energy": 79.804626, "activity_lines": [ 301.01627, 310.765107, 323.870978, 333.464146 ] }, { "date": "2024-11-29", "close": 293.924194, "volume": 5390179, "typical_volume": 8751741.25, "trend": 339.245682, "fair_value": 237.33224, "relative_strength": -16.60598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.437807, "energy": 69.508377, "activity_lines": [ 297.775923, 306.34645, 319.613716, 330.441884 ] }, { "date": "2024-12-06", "close": 284.29483, "volume": 7185085, "typical_volume": 8424693.7, "trend": 337.54815, "fair_value": 238.023077, "relative_strength": -22.116999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.644912, "energy": 68.867132, "activity_lines": [ 293.09881, 301.060732, 314.881766, 326.896668 ] }, { "date": "2024-12-13", "close": 281.085083, "volume": 5014863, "typical_volume": 8309935.4, "trend": 335.964166, "fair_value": 238.678831, "relative_strength": -21.978893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.235209, "energy": 73.27196, "activity_lines": [ 287.596336, 295.89174, 310.447896, 323.253889 ] }, { "date": "2024-12-20", "close": 286.129028, "volume": 9217942, "typical_volume": 8363229.85, "trend": 334.59242, "fair_value": 239.318561, "relative_strength": -18.424412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.40762, "energy": 61.297766, "activity_lines": [ 285.792753, 292.581919, 307.033642, 320.038719 ] }, { "date": "2024-12-27", "close": 288.421722, "volume": 3676791, "typical_volume": 7776208.55, "trend": 332.885424, "fair_value": 239.972987, "relative_strength": -20.047773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.912928, "energy": 59.729902, "activity_lines": [ 286.159588, 290.489312, 304.256344, 317.059964 ] }, { "date": "2025-01-03", "close": 301.260834, "volume": 9878252, "typical_volume": 7722084.95, "trend": 331.209426, "fair_value": 240.69279, "relative_strength": -14.730198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.850847, "energy": 44.258299, "activity_lines": [ 290.989543, 291.589809, 302.876362, 315.019668 ] }, { "date": "2025-01-10", "close": 309.05603, "volume": 8000889, "typical_volume": 7769657.7, "trend": 330.234348, "fair_value": 241.479488, "relative_strength": -12.38786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.571839, "energy": 26.422088, "activity_lines": [ 297.928786, 294.457771, 302.408895, 313.590417 ] }, { "date": "2025-01-17", "close": 316.39267, "volume": 5768143, "typical_volume": 7706467.45, "trend": 329.283286, "fair_value": 242.298708, "relative_strength": -10.539347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.00301, "energy": 20.564966, "activity_lines": [ 305.66283, 298.276162, 302.806758, 312.697405 ] }, { "date": "2025-01-24", "close": 318.226807, "volume": 2340341, "typical_volume": 7276222.25, "trend": 327.511202, "fair_value": 243.175625, "relative_strength": -11.150289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.444718, "energy": 20.381639, "activity_lines": [ 311.654413, 302.336324, 303.483661, 311.984084 ] }, { "date": "2025-02-07", "close": 325.563446, "volume": 6529496, "typical_volume": 7231302.0, "trend": 325.895455, "fair_value": 244.10199, "relative_strength": -8.535869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.019558, "energy": 24.956877, "activity_lines": [ 317.951691, 307.530329, 304.999026, 311.858422 ] }, { "date": "2025-02-14", "close": 320.519501, "volume": 5063041, "typical_volume": 7159526.5, "trend": 323.685201, "fair_value": 245.037126, "relative_strength": -8.317942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.807816, "energy": 24.903848, "activity_lines": [ 320.091539, 311.181973, 306.064585, 311.511587 ] }, { "date": "2025-02-21", "close": 357.202698, "volume": 7503034, "typical_volume": 6876798.55, "trend": 321.889073, "fair_value": 246.20741, "relative_strength": -0.12821, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.586662, "energy": 63.658981, "activity_lines": [ 333.175208, 321.019737, 310.72859, 313.674006 ] }, { "date": "2025-02-28", "close": 345.739197, "volume": 3911848, "typical_volume": 6727917.45, "trend": 320.269528, "fair_value": 247.325971, "relative_strength": -0.274738, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.476038, "energy": 67.03702, "activity_lines": [ 339.227932, 327.44763, 314.13707, 315.212724 ] }, { "date": "2025-03-07", "close": 352.61734, "volume": 6984318, "typical_volume": 6765346.2, "trend": 319.555578, "fair_value": 248.522473, "relative_strength": 3.999923, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.338728, "energy": 73.643543, "activity_lines": [ 345.616935, 333.950566, 318.139472, 317.299679 ] }, { "date": "2025-03-14", "close": 310.431641, "volume": 11478897, "typical_volume": 7103359.95, "trend": 319.067434, "fair_value": 249.434047, "relative_strength": -5.727994, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.048867, "energy": 40.671787, "activity_lines": [ 335.651337, 331.574496, 318.017196, 316.711038 ] }, { "date": "2025-03-21", "close": 311.807251, "volume": 8733477, "typical_volume": 7098573.4, "trend": 318.228172, "fair_value": 250.480168, "relative_strength": -5.953012, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 8.164926, "energy": 13.513933, "activity_lines": [ 327.153062, 329.048357, 318.146023, 316.242639 ] }, { "date": "2025-03-28", "close": 305.19046, "volume": 8613051, "typical_volume": 7104087.45, "trend": 316.933107, "fair_value": 251.488709, "relative_strength": -5.048124, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -11.650789, "energy": 16.283754, "activity_lines": [ 317.030007, 325.127412, 317.686168, 315.401497 ] }, { "date": "2025-04-04", "close": 299.048859, "volume": 4369187, "typical_volume": 6784866.95, "trend": 315.624458, "fair_value": 252.453046, "relative_strength": -5.370217, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -22.631191, "energy": 30.248573, "activity_lines": [ 308.327234, 320.160095, 316.559363, 314.247674 ] }, { "date": "2025-04-11", "close": 241.884705, "volume": 14393743, "typical_volume": 7280255.8, "trend": 312.10158, "fair_value": 253.005006, "relative_strength": -16.10431, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.039182, "energy": 60.463233, "activity_lines": [ 283.682432, 305.114638, 310.046923, 309.490271 ] }, { "date": "2025-04-18", "close": 246.609009, "volume": 13829166, "typical_volume": 7394087.15, "trend": 309.255779, "fair_value": 253.613847, "relative_strength": -13.46539, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.805171, "energy": 84.256025, "activity_lines": [ 267.994574, 292.316183, 304.295547, 305.264944 ] }, { "date": "2025-04-25", "close": 266.451111, "volume": 12433496, "typical_volume": 7746253.0, "trend": 306.719834, "fair_value": 254.431558, "relative_strength": -8.29645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.490687, "energy": 77.393964, "activity_lines": [ 263.175592, 284.560919, 300.646103, 302.503352 ] }, { "date": "2025-05-02", "close": 268.813263, "volume": 4296708, "typical_volume": 7601834.15, "trend": 304.919869, "fair_value": 255.190644, "relative_strength": -11.047199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.161229, "energy": 75.646725, "activity_lines": [ 262.167737, 278.218198, 297.352451, 300.057767 ] }, { "date": "2025-05-09", "close": 259.837097, "volume": 17213444, "typical_volume": 8211763.2, "trend": 302.484436, "fair_value": 255.925258, "relative_strength": -14.054376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.582226, "energy": 58.440274, "activity_lines": [ 260.592973, 271.850528, 293.277648, 297.149201 ] }, { "date": "2025-05-16", "close": 269.758118, "volume": 5741983, "typical_volume": 8037965.25, "trend": 300.471412, "fair_value": 256.822674, "relative_strength": -14.127732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.308594, "energy": 41.427919, "activity_lines": [ 264.939333, 268.848536, 290.248885, 295.037826 ] }, { "date": "2025-05-23", "close": 253.223053, "volume": 8318747, "typical_volume": 8270063.05, "trend": 297.723804, "fair_value": 257.603922, "relative_strength": -18.26738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.104487, "energy": 44.527884, "activity_lines": [ 261.915778, 264.3467, 285.72331, 291.989544 ] }, { "date": "2025-05-30", "close": 260.781952, "volume": 6737923, "typical_volume": 8113046.6, "trend": 295.732552, "fair_value": 258.461604, "relative_strength": -14.284218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.920701, "energy": 40.243136, "activity_lines": [ 260.970919, 262.259365, 282.085243, 289.606199 ] }, { "date": "2025-06-06", "close": 231.491211, "volume": 11978735, "typical_volume": 8311938.9, "trend": 293.850154, "fair_value": 259.15442, "relative_strength": -24.466923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.460384, "energy": 50.095722, "activity_lines": [ 250.640424, 255.774174, 275.850338, 285.461596 ] }, { "date": "2025-06-13", "close": 225.349609, "volume": 11191401, "typical_volume": 8583101.8, "trend": 290.983516, "fair_value": 259.764623, "relative_strength": -27.263632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.416221, "energy": 74.93493, "activity_lines": [ 240.750865, 249.512314, 269.399875, 281.042206 ] }, { "date": "2025-06-20", "close": 214.011261, "volume": 14712989, "typical_volume": 9201734.2, "trend": 287.876497, "fair_value": 260.286881, "relative_strength": -30.329755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.373602, "energy": 80.832459, "activity_lines": [ 229.381022, 242.528923, 262.303108, 276.076254 ] }, { "date": "2025-06-27", "close": 231.491211, "volume": 9416746, "typical_volume": 9346096.7, "trend": 285.887106, "fair_value": 260.959347, "relative_strength": -25.954415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.139381, "energy": 75.61837, "activity_lines": [ 227.554287, 239.230494, 257.367363, 272.438494 ] }, { "date": "2025-07-04", "close": 240.93985, "volume": 16751330, "typical_volume": 9930511.15, "trend": 284.120962, "fair_value": 261.677118, "relative_strength": -22.233306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.555541, "energy": 59.000922, "activity_lines": [ 230.325887, 237.924869, 253.77945, 269.538671 ] }, { "date": "2025-07-11", "close": 236.21553, "volume": 5765429, "typical_volume": 9843630.9, "trend": 282.518318, "fair_value": 262.481617, "relative_strength": -23.854555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.053472, "energy": 50.460356, "activity_lines": [ 232.845521, 236.224118, 250.120554, 266.447998 ] }, { "date": "2025-07-18", "close": 239.05011, "volume": 9111615, "typical_volume": 10103619.25, "trend": 281.117152, "fair_value": 263.263587, "relative_strength": -24.389339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.80157, "energy": 36.980497, "activity_lines": [ 235.99506, 235.631431, 247.307746, 263.643598 ] }, { "date": "2025-07-25", "close": 250.388474, "volume": 16737171, "typical_volume": 10591261.9, "trend": 279.925801, "fair_value": 264.166569, "relative_strength": -19.912656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.371188, "energy": 28.73438, "activity_lines": [ 242.010687, 237.478209, 246.082827, 261.661102 ] }, { "date": "2025-08-01", "close": 252.278186, "volume": 5470951, "typical_volume": 10290864.6, "trend": 278.721016, "fair_value": 265.048597, "relative_strength": -18.724385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.782161, "energy": 21.092445, "activity_lines": [ 246.231071, 240.020748, 245.524684, 259.877385 ] }, { "date": "2025-08-08", "close": 252.278198, "volume": 5450206, "typical_volume": 10126701.05, "trend": 277.088262, "fair_value": 265.945887, "relative_strength": -19.921374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.89073, "energy": 23.092271, "activity_lines": [ 249.06566, 242.580467, 245.243463, 258.171397 ] }, { "date": "2025-08-15", "close": 260.449615, "volume": 6215360, "typical_volume": 10006816.5, "trend": 275.468048, "fair_value": 266.788721, "relative_strength": -17.857066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.97011, "energy": 17.787645, "activity_lines": [ 253.868166, 246.780513, 246.023944, 257.097936 ] }, { "date": "2025-08-22", "close": 258.033569, "volume": 7014141, "typical_volume": 10139064.2, "trend": 273.522744, "fair_value": 267.506687, "relative_strength": -16.144772, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.167591, "energy": 16.843976, "activity_lines": [ 256.249716, 250.014761, 246.787377, 255.973131 ] }, { "date": "2025-08-29", "close": 259.483215, "volume": 4873962, "typical_volume": 9663075.15, "trend": 271.564625, "fair_value": 268.26447, "relative_strength": -16.708285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.468464, "energy": 16.285735, "activity_lines": [ 257.848919, 252.918327, 247.884183, 255.067355 ] }, { "date": "2025-09-05", "close": 273.013062, "volume": 12292767, "typical_volume": 9586255.2, "trend": 269.812945, "fair_value": 269.075914, "relative_strength": -12.772817, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.608949, "energy": 26.406058, "activity_lines": [ 263.351754, 257.455103, 250.185743, 255.160802 ] }, { "date": "2025-09-12", "close": 281.710815, "volume": 9501994, "typical_volume": 9439680.1, "trend": 268.519322, "fair_value": 269.94057, "relative_strength": -12.779743, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.242959, "energy": 53.806981, "activity_lines": [ 270.371515, 262.818346, 253.189926, 255.928407 ] }, { "date": "2025-09-19", "close": 282.194031, "volume": 9618274, "typical_volume": 9705758.4, "trend": 266.019033, "fair_value": 270.742185, "relative_strength": -12.423321, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.233008, "energy": 59.956597, "activity_lines": [ 275.590173, 267.528155, 256.167466, 256.810646 ] }, { "date": "2025-09-26", "close": 279.294769, "volume": 3579132, "typical_volume": 9024042.8, "trend": 263.804219, "fair_value": 271.492147, "relative_strength": -12.724945, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.425773, "energy": 64.839387, "activity_lines": [ 278.392784, 270.874854, 258.805167, 257.667145 ] }, { "date": "2025-10-03", "close": 263.832092, "volume": 4436667, "typical_volume": 8958777.0, "trend": 260.844711, "fair_value": 272.186233, "relative_strength": -20.671717, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.505684, "energy": 52.349879, "activity_lines": [ 274.623755, 270.678435, 259.877576, 257.668943 ] }, { "date": "2025-10-10", "close": 269.1474, "volume": 1905023, "typical_volume": 8638090.8, "trend": 259.46857, "fair_value": 272.977985, "relative_strength": -20.049687, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.340509, "energy": 29.589215, "activity_lines": [ 272.33657, 271.204007, 261.484425, 258.204601 ] }, { "date": "2025-10-17", "close": 274.462677, "volume": 3942346, "typical_volume": 8498311.95, "trend": 258.22375, "fair_value": 273.732585, "relative_strength": -17.913525, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.834833, "energy": 30.625749, "activity_lines": [ 272.078855, 272.38928, 263.52166, 259.171962 ] }, { "date": "2025-10-24", "close": 277.361938, "volume": 3175996, "typical_volume": 8058175.0, "trend": 257.296133, "fair_value": 274.498138, "relative_strength": -17.190739, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.659412, "energy": 29.852293, "activity_lines": [ 273.27077, 273.698337, 265.769869, 260.406684 ] }, { "date": "2025-10-31", "close": 259.966431, "volume": 5325817, "typical_volume": 7764895.8, "trend": 255.993385, "fair_value": 275.182707, "relative_strength": -23.767018, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.368383, "energy": 21.967053, "activity_lines": [ 268.986322, 271.537078, 266.142931, 260.578961 ] }, { "date": "2025-11-07", "close": 285.093292, "volume": 7019141, "typical_volume": 7380203.4, "trend": 257.433672, "fair_value": 275.990189, "relative_strength": -14.321396, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.555581, "energy": 36.066002, "activity_lines": [ 274.36605, 273.909196, 268.744185, 262.456375 ] }, { "date": "2025-11-14", "close": 297.173492, "volume": 6579443, "typical_volume": 7238338.25, "trend": 259.119154, "fair_value": 276.80134, "relative_strength": -9.520318, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.243784, "energy": 47.279559, "activity_lines": [ 282.355098, 278.012076, 272.157449, 265.020234 ] }, { "date": "2025-11-21", "close": 290.408569, "volume": 11663610, "typical_volume": 6983952.25, "trend": 259.917736, "fair_value": 277.541145, "relative_strength": -7.988065, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.95505, "energy": 44.900162, "activity_lines": [ 286.220766, 280.44569, 274.613661, 267.038906 ] }, { "date": "2025-11-28", "close": 305.871277, "volume": 7287079, "typical_volume": 7060034.75, "trend": 261.153003, "fair_value": 278.357176, "relative_strength": -7.022996, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.66635, "energy": 66.658109, "activity_lines": [ 294.17761, 285.532564, 278.306947, 270.003651 ] }, { "date": "2025-12-05", "close": 295.723877, "volume": 5368981, "typical_volume": 6872903.05, "trend": 262.349229, "fair_value": 279.143772, "relative_strength": -10.867002, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.903683, "energy": 63.346263, "activity_lines": [ 296.851365, 288.343961, 280.70212, 272.23403 ] }, { "date": "2025-12-12", "close": 288.475739, "volume": 4369850, "typical_volume": 6254537.0, "trend": 262.97315, "fair_value": 279.789787, "relative_strength": -13.436534, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.00032, "energy": 46.128324, "activity_lines": [ 294.725244, 289.538803, 282.137119, 273.919611 ] }, { "date": "2025-12-19", "close": 291.375, "volume": 10344781, "typical_volume": 6498228.5, "trend": 264.244882, "fair_value": 280.413687, "relative_strength": -10.737395, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.973546, "energy": 38.916047, "activity_lines": [ 293.340047, 290.812718, 283.666871, 275.751988 ] }, { "date": "2025-12-26", "close": 284.610077, "volume": 5927966, "typical_volume": 6522116.5, "trend": 265.039153, "fair_value": 281.029835, "relative_strength": -15.054282, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.706099, "energy": 24.808227, "activity_lines": [ 290.086442, 290.452509, 284.366168, 277.065872 ] }, { "date": "2026-01-02", "close": 273.979492, "volume": 3467995, "typical_volume": 6384748.25, "trend": 266.455429, "fair_value": 281.572751, "relative_strength": -20.038147, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.106197, "energy": 15.60388, "activity_lines": [ 283.675875, 287.974967, 283.899068, 277.642668 ] }, { "date": "2026-01-09", "close": 306.837677, "volume": 8915190, "typical_volume": 6479800.7, "trend": 269.171698, "fair_value": 282.354277, "relative_strength": -12.791144, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.293947, "energy": 24.542188, "activity_lines": [ 290.344155, 291.53314, 286.49689, 280.247974 ] }, { "date": "2026-01-16", "close": 315.052246, "volume": 10888029, "typical_volume": 6780504.05, "trend": 272.53973, "fair_value": 283.226617, "relative_strength": -13.159957, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.462069, "energy": 35.605342, "activity_lines": [ 299.009705, 295.732667, 289.644652, 283.20801 ] }, { "date": "2026-01-23", "close": 306.354492, "volume": 6745946, "typical_volume": 6503163.0, "trend": 275.035173, "fair_value": 284.012677, "relative_strength": -16.449947, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.804227, "energy": 38.776671, "activity_lines": [ 303.004236, 297.806076, 291.699442, 285.389607 ] }, { "date": "2026-01-30", "close": 295.240662, "volume": 5196930, "typical_volume": 6287909.8, "trend": 276.8452, "fair_value": 284.714776, "relative_strength": -19.152369, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.935227, "energy": 42.000267, "activity_lines": [ 302.295524, 297.691861, 292.537003, 286.693187 ] }, { "date": "2026-02-06", "close": 307.320892, "volume": 4705606, "typical_volume": 6042276.4, "trend": 279.215379, "fair_value": 285.562993, "relative_strength": -14.494798, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.71995, "energy": 45.468752, "activity_lines": [ 304.90485, 299.686195, 294.460635, 288.659361 ] }, { "date": "2026-02-13", "close": 300.072754, "volume": 2215961, "typical_volume": 5974117.85, "trend": 281.249467, "fair_value": 286.385098, "relative_strength": -20.374425, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.834535, "energy": 30.974818, "activity_lines": [ 302.87537, 300.336329, 295.574316, 290.004998 ] }, { "date": "2026-02-27", "close": 309.253723, "volume": 6171327, "typical_volume": 6060850.85, "trend": 283.211642, "fair_value": 287.271142, "relative_strength": -21.276235, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.347344, "energy": 32.108397, "activity_lines": [ 304.357208, 302.57666, 297.463432, 291.811724 ] }, { "date": "2026-03-06", "close": 297.656708, "volume": 8952794, "typical_volume": 6413239.4, "trend": 284.724259, "fair_value": 288.087935, "relative_strength": -19.276336, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.88526, "energy": 27.489258, "activity_lines": [ 302.359943, 302.330661, 298.031777, 292.743664 ] }, { "date": "2026-03-13", "close": 275.912323, "volume": 8283667, "typical_volume": 6630305.45, "trend": 285.512064, "fair_value": 288.775515, "relative_strength": -23.743783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.232592, "energy": 9.260352, "activity_lines": [ 293.694401, 298.016925, 296.393469, 292.175152 ] }, { "date": "2026-03-20", "close": 275.429108, "volume": 9741963, "typical_volume": 6958603.8, "trend": 286.01138, "fair_value": 289.442191, "relative_strength": -23.398081, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.123646, "energy": 11.473194, "activity_lines": [ 286.156344, 293.773473, 294.702238, 291.524638 ] }, { "date": "2026-03-27", "close": 247.0, "volume": 11939613, "typical_volume": 7289293.6, "trend": 285.643594, "fair_value": 289.901192, "relative_strength": -29.578639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.08416, "energy": 47.552085, "activity_lines": [ 271.268036, 284.334735, 290.312677, 289.007775 ] }, { "date": "2026-04-03", "close": 219.0, "volume": 10596918, "typical_volume": 7468182.45, "trend": 284.294154, "fair_value": 290.127287, "relative_strength": -35.661371, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.780481, "energy": 73.983781, "activity_lines": [ 250.584579, 270.893045, 283.318194, 284.708188 ] }, { "date": "2026-04-10", "close": 219.5, "volume": 5397434, "typical_volume": 7409082.0, "trend": 282.510385, "fair_value": 290.363344, "relative_strength": -39.826571, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.261194, "energy": 88.494967, "activity_lines": [ 236.084703, 259.28867, 276.68606, 280.527921 ] }, { "date": "2026-04-17", "close": 215.0, "volume": 7664626, "typical_volume": 7209132.8, "trend": 280.286691, "fair_value": 290.559712, "relative_strength": -42.578943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.542115, "energy": 92.437819, "activity_lines": [ 225.295274, 248.445285, 269.995229, 276.172412 ] }, { "date": "2026-04-24", "close": 217.0, "volume": 10467774, "typical_volume": 7368167.55, "trend": 278.113557, "fair_value": 290.714688, "relative_strength": -44.462944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.323351, "energy": 89.683516, "activity_lines": [ 219.233333, 239.424457, 263.853962, 272.089399 ] }, { "date": "2026-05-01", "close": 211.5, "volume": 7388974, "typical_volume": 7469167.2, "trend": 275.853731, "fair_value": 290.888621, "relative_strength": -45.022456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.216305, "energy": 89.841616, "activity_lines": [ 215.233333, 231.045828, 257.612082, 267.791751 ] }, { "date": "2026-05-08", "close": 221.5, "volume": 13572188, "typical_volume": 7929284.1, "trend": 274.442662, "fair_value": 291.10226, "relative_strength": -45.318806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.297428, "energy": 83.431702, "activity_lines": [ 216.933333, 226.095794, 252.723649, 264.285058 ] }, { "date": "2026-05-15", "close": 218.0, "volume": 15680483, "typical_volume": 8196069.2, "trend": 272.737748, "fair_value": 291.271778, "relative_strength": -44.842091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.968463, "energy": 63.305163, "activity_lines": [ 217.3, 222.104919, 247.820815, 260.643596 ] }, { "date": "2026-05-22", "close": 219.0, "volume": 11512269, "typical_volume": 8475284.35, "trend": 270.888992, "fair_value": 291.431443, "relative_strength": -45.238965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.219326, "energy": 57.904858, "activity_lines": [ 218.1, 219.744166, 243.362624, 257.176645 ] }, { "date": "2026-05-29", "close": 216.5, "volume": 13873748, "typical_volume": 8995572.0, "trend": 268.860261, "fair_value": 291.569661, "relative_strength": -48.124408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.715388, "energy": 54.953779, "activity_lines": [ 217.8, 217.963636, 238.978767, 253.667678 ] }, { "date": "2026-06-05", "close": 228.0, "volume": 14109145, "typical_volume": 9255269.75, "trend": 267.794713, "fair_value": 291.846652, "relative_strength": -44.966665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.789087, "energy": 45.455189, "activity_lines": [ 221.366667, 219.345455, 235.963859, 251.031532 ] }, { "date": "2026-06-12", "close": 224.0, "volume": 9579660, "typical_volume": 9189851.3, "trend": 265.75827, "fair_value": 292.027525, "relative_strength": -44.172226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.796655, "energy": 40.761462, "activity_lines": [ 222.5, 220.345455, 232.943417, 248.206066 ] }, { "date": "2026-06-19", "close": 221.5, "volume": 12180824, "typical_volume": 9461595.2, "trend": 263.235821, "fair_value": 292.211347, "relative_strength": -46.911698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.717359, "energy": 38.266492, "activity_lines": [ 222.633333, 220.8, 230.118461, 245.350694 ] }, { "date": "2026-06-26", "close": 216.0, "volume": 26186114, "typical_volume": 10511054.4, "trend": 260.755535, "fair_value": 292.164747, "relative_strength": -45.462871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.825013, "energy": 40.839331, "activity_lines": [ 220.7, 220.218182, 227.173765, 242.303222 ] }, { "date": "2026-07-03", "close": 228.5, "volume": 11969029, "typical_volume": 10874225.55, "trend": 258.176492, "fair_value": 292.152195, "relative_strength": -44.384868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.840825, "energy": 36.997543, "activity_lines": [ 223.133333, 221.890909, 225.796882, 240.222219 ] }, { "date": "2026-07-10", "close": 222.5, "volume": 0, "typical_volume": 10763427.5, "trend": 255.735696, "fair_value": 291.941253, "relative_strength": -43.426514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.422319, "energy": 34.661303, "activity_lines": [ 222.766667, 222.263636, 224.223907, 237.92051 ] }, { "date": "2026-07-17", "close": 216.0, "volume": 9575096, "typical_volume": 10933615.95, "trend": 253.319838, "fair_value": 291.694066, "relative_strength": -40.928564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.756963, "energy": 41.250775, "activity_lines": [ 220.6, 221.254545, 222.401279, 235.356917 ] }, { "date": "2026-07-24", "close": 215.0, "volume": 6018207, "typical_volume": 10786886.6, "trend": 250.774005, "fair_value": 291.424205, "relative_strength": -41.835216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.927194, "energy": 40.112903, "activity_lines": [ 218.633333, 220.163636, 220.927479, 232.884669 ] }, { "date": "2026-07-31", "close": 219.5, "volume": 7565069, "typical_volume": 10750956.7, "trend": 248.603669, "fair_value": 291.169637, "relative_strength": -39.102766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.840378, "energy": 37.549133, "activity_lines": [ 218.6, 219.945455, 220.275853, 230.866992 ] }, { "date": "2026-08-07", "close": 224.0, "volume": 10532810, "typical_volume": 10790499.05, "trend": 246.937686, "fair_value": 290.995417, "relative_strength": -38.603501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.129121, "energy": 29.782978, "activity_lines": [ 219.833333, 220.536364, 220.321429, 229.279658 ] }, { "date": "2026-08-14", "close": 218.0, "volume": 10409481, "typical_volume": 10713992.45, "trend": 243.97643, "fair_value": 290.679732, "relative_strength": -41.532692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.716436, "energy": 31.161997, "activity_lines": [ 219.366667, 219.9, 220.040476, 227.412711 ] } ], "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." } } }