{ "ticker": { "uuid": "de445be1-02c1-4007-8a40-063bad6cd48e", "symbol": "6143", "name": "Netronix, Inc.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -41.922, "architecture_energy": 30.577, "architecture_maturity": 16.188, "architecture_confidence": 69.437, "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": 55.67, "rotation_up": 10.1, "upward_expansion": 10.27, "deceleration": 59.43, "rotation_down": 60.77, "downward_expansion": 66.93 }, "activity_lines": [ 91.893332, 94.472726, 94.623753, 94.497087 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 91.0, "trend_reference": 95.273522, "distance_from_trend": -0.044855, "trend_direction": "Weakening", "fair_value": 100.565059, "distance_from_fair_value": -0.095113, "fair_value_direction": "Weakening", "relative_strength": -41.169231, "relative_strength_direction": "Improving", "price_momentum": -0.050836, "excess_performance": -0.492208, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044855, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.075092, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.095113, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.061042, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.411692, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017816, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.050836, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.664521, "read": "Supply-led" } ], "volume": { "latest": 3400306, "relative_activity": 0.669654, "balance": 0.664521, "dry_up": 0.517222, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.084615, "annualized_volatility": 0.34746, "from_high_reference": -0.373368, "from_low_reference": 0.101695 }, "levels": { "trend_reference": 95.273522, "fair_value_reference": 100.565059, "structural_low": 82.599998, "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": 16, "median_return": 0.031166, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.034096, "regime_survival": 0.5, "best_return": 0.236515, "worst_return": -0.132936, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.081774, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.048642, "regime_survival": 0.375, "best_return": 0.240966, "worst_return": -0.163596, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.248695, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.120827, "regime_survival": 0.333333, "best_return": 0.593229, "worst_return": -0.079252, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.360477, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.179009, "regime_survival": 0.5, "best_return": 0.553123, "worst_return": 0.087566, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-10-25", "tenure": "Developing", "return": -0.057554, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-12-06", "tenure": "Developing", "return": -0.016807, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-13", "end": "2025-01-24", "tenure": "Developing", "return": 0.155963, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": 0.026718, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.244901, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-08-29", "tenure": "Established", "return": 0.07489, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-12", "tenure": "New", "return": -0.020134, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-10-24", "tenure": "Developing", "return": -0.068027, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-12-19", "tenure": "Developing", "return": -0.088889, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": -0.118852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-06-05", "tenure": "Established", "return": -0.00077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": 0.15215, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": -0.11336, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": -0.017279, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 63.595112, "volume": 8941000, "typical_volume": 10225950.0, "trend": 71.039414, "fair_value": 45.161299, "relative_strength": -6.594045, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.289165, "energy": 67.956073, "activity_lines": [ 63.76136, 66.35346, 69.618497, 71.138866 ] }, { "date": "2023-08-18", "close": 59.753792, "volume": 4334000, "typical_volume": 9156800.0, "trend": 71.140005, "fair_value": 45.361753, "relative_strength": -11.325713, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.40475, "energy": 80.562918, "activity_lines": [ 62.27668, 64.715787, 68.375969, 70.410762 ] }, { "date": "2023-08-25", "close": 57.534367, "volume": 4445000, "typical_volume": 9048600.0, "trend": 71.122887, "fair_value": 45.544616, "relative_strength": -15.311635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.570996, "energy": 80.805996, "activity_lines": [ 60.528782, 62.926798, 67.035756, 69.532979 ] }, { "date": "2023-09-01", "close": 59.241627, "volume": 3762000, "typical_volume": 8687700.0, "trend": 70.982303, "fair_value": 45.744252, "relative_strength": -13.82755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.707923, "energy": 75.980513, "activity_lines": [ 59.744957, 61.787002, 65.992156, 68.766446 ] }, { "date": "2023-09-08", "close": 63.595112, "volume": 10623000, "typical_volume": 8309600.0, "trend": 71.052427, "fair_value": 45.97613, "relative_strength": -7.22289, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.25857, "energy": 55.848268, "activity_lines": [ 60.709858, 61.721147, 65.469541, 68.289853 ] }, { "date": "2023-09-15", "close": 62.912212, "volume": 3783000, "typical_volume": 7773050.0, "trend": 70.744503, "fair_value": 46.202908, "relative_strength": -10.243235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.712112, "energy": 48.372525, "activity_lines": [ 61.432594, 61.692634, 64.93746, 67.764678 ] }, { "date": "2023-09-22", "close": 62.485394, "volume": 5421000, "typical_volume": 7622150.0, "trend": 70.430551, "fair_value": 46.425986, "relative_strength": -7.845395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.915142, "energy": 34.256538, "activity_lines": [ 62.058585, 61.706773, 64.440734, 67.231832 ] }, { "date": "2023-09-29", "close": 65.04628, "volume": 5046000, "typical_volume": 7497750.0, "trend": 70.193763, "fair_value": 46.670778, "relative_strength": -4.179402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.464822, "energy": 23.201941, "activity_lines": [ 63.356098, 62.266842, 64.251493, 66.88446 ] }, { "date": "2023-10-06", "close": 64.021927, "volume": 2491000, "typical_volume": 7388300.0, "trend": 70.141465, "fair_value": 46.9078, "relative_strength": -6.784599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.40688, "energy": 21.696785, "activity_lines": [ 63.811365, 62.611808, 64.002425, 66.486277 ] }, { "date": "2023-10-13", "close": 61.290325, "volume": 2015000, "typical_volume": 7174350.0, "trend": 69.918859, "fair_value": 47.137907, "relative_strength": -12.09493, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.461123, "energy": 24.184957, "activity_lines": [ 63.037412, 62.454359, 63.526834, 65.915235 ] }, { "date": "2023-10-20", "close": 58.55872, "volume": 3268000, "typical_volume": 6763250.0, "trend": 69.014881, "fair_value": 47.347613, "relative_strength": -14.172888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.130292, "energy": 38.014849, "activity_lines": [ 61.506576, 61.838196, 62.833041, 65.182323 ] }, { "date": "2023-10-27", "close": 69.229042, "volume": 18544000, "typical_volume": 6795750.0, "trend": 68.534906, "fair_value": 47.62283, "relative_strength": 3.095228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.464792, "energy": 7.296855, "activity_lines": [ 63.822747, 63.253663, 63.226047, 65.19614 ] }, { "date": "2023-11-03", "close": 70.424118, "volume": 11344000, "typical_volume": 6401450.0, "trend": 68.026441, "fair_value": 47.905948, "relative_strength": 2.140574, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.040138, "energy": 10.173275, "activity_lines": [ 66.0877, 64.714139, 63.753805, 65.318025 ] }, { "date": "2023-11-10", "close": 72.131363, "volume": 14967000, "typical_volume": 6917200.0, "trend": 67.711533, "fair_value": 48.201455, "relative_strength": 3.217135, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.340135, "energy": 30.746234, "activity_lines": [ 68.563212, 66.250663, 64.471507, 65.582858 ] }, { "date": "2023-11-17", "close": 77.679932, "volume": 21137000, "typical_volume": 7602800.0, "trend": 67.792014, "fair_value": 48.533252, "relative_strength": 7.321532, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.646101, "energy": 59.73004, "activity_lines": [ 72.347618, 68.56166, 65.730226, 66.225981 ] }, { "date": "2023-11-24", "close": 74.777611, "volume": 9838000, "typical_volume": 7803150.0, "trend": 67.655502, "fair_value": 48.84524, "relative_strength": 2.587576, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.63095, "energy": 66.406923, "activity_lines": [ 74.071943, 70.088875, 66.687762, 66.676665 ] }, { "date": "2023-12-01", "close": 80.240807, "volume": 26099000, "typical_volume": 8701700.0, "trend": 67.802215, "fair_value": 49.190804, "relative_strength": 8.894452, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.175242, "energy": 73.841508, "activity_lines": [ 76.536075, 72.393663, 68.140596, 67.48862 ] }, { "date": "2023-12-08", "close": 84.935753, "volume": 57697000, "typical_volume": 11260150.0, "trend": 68.20108, "fair_value": 49.562371, "relative_strength": 15.186741, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.997243, "energy": 87.086875, "activity_lines": [ 79.83107, 75.229252, 69.977053, 68.594009 ] }, { "date": "2023-12-15", "close": 81.521255, "volume": 18995000, "typical_volume": 11921950.0, "trend": 68.548986, "fair_value": 49.911568, "relative_strength": 8.407693, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.835294, "energy": 76.209251, "activity_lines": [ 81.020457, 77.082397, 71.38605, 69.453375 ] }, { "date": "2023-12-22", "close": 77.423843, "volume": 8906000, "typical_volume": 12082800.0, "trend": 68.793107, "fair_value": 50.220533, "relative_strength": 3.253679, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.680399, "energy": 61.677116, "activity_lines": [ 80.218048, 77.872388, 72.319979, 70.025947 ] }, { "date": "2023-12-29", "close": 76.484856, "volume": 6746000, "typical_volume": 11973050.0, "trend": 68.896611, "fair_value": 50.521793, "relative_strength": -0.089971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.003607, "energy": 48.344994, "activity_lines": [ 79.119715, 78.198317, 73.097591, 70.522189 ] }, { "date": "2024-01-05", "close": 73.923981, "volume": 3201000, "typical_volume": 11916400.0, "trend": 68.906553, "fair_value": 50.811694, "relative_strength": -1.404575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.48953, "energy": 30.566753, "activity_lines": [ 77.053941, 77.732703, 73.56993, 70.846535 ] }, { "date": "2024-01-12", "close": 69.826584, "volume": 10343000, "typical_volume": 12211300.0, "trend": 68.695193, "fair_value": 51.079183, "relative_strength": -6.697142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.613067, "energy": 21.71282, "activity_lines": [ 74.04349, 76.436745, 73.584564, 70.905892 ] }, { "date": "2024-01-19", "close": 70.936295, "volume": 3166001, "typical_volume": 12181500.05, "trend": 68.567285, "fair_value": 51.344635, "relative_strength": -6.196564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.134176, "energy": 22.941956, "activity_lines": [ 72.410221, 75.353418, 73.646351, 71.050479 ] }, { "date": "2024-01-26", "close": 75.887321, "volume": 7504000, "typical_volume": 12025550.05, "trend": 68.680932, "fair_value": 51.647603, "relative_strength": -1.543865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.218276, "energy": 23.118432, "activity_lines": [ 73.132957, 75.192005, 74.123974, 71.52274 ] }, { "date": "2024-02-02", "close": 74.777611, "volume": 9820000, "typical_volume": 12327400.05, "trend": 68.855976, "fair_value": 51.940809, "relative_strength": -3.364056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.130185, "energy": 18.484218, "activity_lines": [ 73.588225, 74.861419, 74.437377, 71.916074 ] }, { "date": "2024-02-09", "close": 74.350792, "volume": 1134000, "typical_volume": 12113050.05, "trend": 69.104247, "fair_value": 52.236818, "relative_strength": -4.177867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.247067, "energy": 10.797381, "activity_lines": [ 74.015036, 74.45323, 74.653629, 72.270578 ] }, { "date": "2024-02-16", "close": 76.655586, "volume": 2409000, "typical_volume": 11981200.05, "trend": 69.544129, "fair_value": 52.542785, "relative_strength": -3.687711, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.78509, "energy": 24.583326, "activity_lines": [ 75.181658, 74.571186, 75.032883, 72.757761 ] }, { "date": "2024-02-23", "close": 75.801956, "volume": 5499000, "typical_volume": 12131600.05, "trend": 69.947357, "fair_value": 52.840631, "relative_strength": -5.917479, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.832243, "energy": 23.567074, "activity_lines": [ 75.60847, 74.684485, 75.275556, 73.161492 ] }, { "date": "2024-03-01", "close": 85.277199, "volume": 16302000, "typical_volume": 12845950.05, "trend": 70.677359, "fair_value": 53.187416, "relative_strength": 5.638275, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.761191, "energy": 60.920207, "activity_lines": [ 78.869318, 76.624543, 76.364538, 74.150514 ] }, { "date": "2024-03-08", "close": 85.277199, "volume": 41945000, "typical_volume": 14779800.05, "trend": 71.400095, "fair_value": 53.532034, "relative_strength": 1.064163, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.744972, "energy": 71.309078, "activity_lines": [ 81.504175, 78.421812, 77.339297, 75.092439 ] }, { "date": "2024-03-15", "close": 80.32618, "volume": 10921000, "typical_volume": 14398650.05, "trend": 72.085842, "fair_value": 53.847805, "relative_strength": -4.168992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.748378, "energy": 66.114715, "activity_lines": [ 81.788719, 79.159035, 77.715299, 75.668315 ] }, { "date": "2024-03-22", "close": 82.374878, "volume": 3916000, "typical_volume": 14027250.05, "trend": 72.913859, "fair_value": 54.170929, "relative_strength": -3.807502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.107806, "energy": 67.895247, "activity_lines": [ 82.357804, 80.152345, 78.233572, 76.332124 ] }, { "date": "2024-03-29", "close": 78.78965, "volume": 2862000, "typical_volume": 13422000.05, "trend": 73.565459, "fair_value": 54.436396, "relative_strength": -7.71157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.768736, "energy": 40.9961, "activity_lines": [ 81.350527, 80.265645, 78.353486, 76.711208 ] }, { "date": "2024-04-05", "close": 82.630966, "volume": 3970000, "typical_volume": 12563650.05, "trend": 74.199988, "fair_value": 54.718541, "relative_strength": -2.818988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.164221, "energy": 35.345197, "activity_lines": [ 81.424508, 80.934577, 78.807534, 77.296079 ] }, { "date": "2024-04-12", "close": 82.801689, "volume": 11733000, "typical_volume": 12658400.05, "trend": 74.86297, "fair_value": 55.018154, "relative_strength": -3.993594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.773998, "energy": 33.757395, "activity_lines": [ 81.731813, 81.511939, 79.254265, 77.851027 ] }, { "date": "2024-04-19", "close": 93.045204, "volume": 26602000, "typical_volume": 12683550.05, "trend": 75.881631, "fair_value": 55.377892, "relative_strength": 14.596665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.380729, "energy": 48.007714, "activity_lines": [ 85.618657, 83.805865, 80.638359, 79.024075 ] }, { "date": "2024-04-26", "close": 99.447388, "volume": 24438000, "typical_volume": 11020600.05, "trend": 77.028334, "fair_value": 55.780837, "relative_strength": 18.935616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.678839, "energy": 77.220217, "activity_lines": [ 90.791627, 86.923926, 82.571211, 80.544446 ] }, { "date": "2024-05-03", "close": 104.142334, "volume": 29502000, "typical_volume": 11545950.05, "trend": 78.365681, "fair_value": 56.192687, "relative_strength": 23.111913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.133311, "energy": 85.971168, "activity_lines": [ 96.391412, 90.481218, 84.882098, 82.293737 ] }, { "date": "2024-05-10", "close": 103.288704, "volume": 25808000, "typical_volume": 12391050.05, "trend": 79.765627, "fair_value": 56.572097, "relative_strength": 19.715695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.862018, "energy": 85.827987, "activity_lines": [ 100.016474, 93.368024, 87.003967, 83.901673 ] }, { "date": "2024-05-17", "close": 106.703209, "volume": 13111000, "typical_volume": 12709300.05, "trend": 81.370444, "fair_value": 57.019627, "relative_strength": 20.129361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.657046, "energy": 86.17905, "activity_lines": [ 103.402523, 96.548168, 89.327861, 85.639582 ] }, { "date": "2024-05-24", "close": 110.971336, "volume": 13938000, "typical_volume": 13246150.05, "trend": 82.761853, "fair_value": 57.529433, "relative_strength": 22.649474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.679998, "energy": 85.094941, "activity_lines": [ 106.617846, 100.114771, 91.914347, 87.549317 ] }, { "date": "2024-05-31", "close": 111.824959, "volume": 10205000, "typical_volume": 13239250.05, "trend": 84.141881, "fair_value": 58.035801, "relative_strength": 25.365028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.652407, "energy": 81.729451, "activity_lines": [ 108.922634, 103.279393, 94.405714, 89.424356 ] }, { "date": "2024-06-07", "close": 110.791626, "volume": 18882000, "typical_volume": 14025050.0, "trend": 85.430557, "fair_value": 58.53097, "relative_strength": 19.93103, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.742709, "energy": 72.435209, "activity_lines": [ 110.057806, 105.720681, 96.598677, 91.143694 ] }, { "date": "2024-06-14", "close": 122.222504, "volume": 18033000, "typical_volume": 14551500.0, "trend": 86.915309, "fair_value": 59.099655, "relative_strength": 27.908232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.138347, "energy": 74.901534, "activity_lines": [ 114.559985, 109.658456, 99.690506, 93.517368 ] }, { "date": "2024-06-21", "close": 122.662155, "volume": 12576000, "typical_volume": 14689300.0, "trend": 88.511461, "fair_value": 59.675493, "relative_strength": 23.715201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.361485, "energy": 73.455101, "activity_lines": [ 117.946462, 112.956321, 102.603564, 95.823617 ] }, { "date": "2024-06-28", "close": 119.58461, "volume": 8935000, "typical_volume": 15079350.0, "trend": 89.822921, "fair_value": 60.23377, "relative_strength": 21.272972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.84364, "energy": 61.327593, "activity_lines": [ 119.24316, 114.969897, 104.995501, 97.828336 ] }, { "date": "2024-07-05", "close": 112.550224, "volume": 11443000, "typical_volume": 15531050.0, "trend": 90.743403, "fair_value": 60.737804, "relative_strength": 11.295887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.135445, "energy": 54.719988, "activity_lines": [ 117.620844, 115.221959, 106.502097, 99.294613 ] }, { "date": "2024-07-12", "close": 107.714081, "volume": 9799000, "typical_volume": 15746050.0, "trend": 91.616497, "fair_value": 61.211319, "relative_strength": 4.612317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.444737, "energy": 39.560023, "activity_lines": [ 114.33813, 114.356489, 107.377181, 100.389496 ] }, { "date": "2024-07-19", "close": 105.955482, "volume": 4265000, "typical_volume": 15144200.0, "trend": 92.567552, "fair_value": 61.661762, "relative_strength": 7.184309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.256132, "energy": 27.326955, "activity_lines": [ 110.674385, 113.106333, 107.932817, 101.314592 ] }, { "date": "2024-07-26", "close": 104.196892, "volume": 2743000, "typical_volume": 13184100.0, "trend": 93.491286, "fair_value": 62.087929, "relative_strength": 8.483973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.033776, "energy": 25.952555, "activity_lines": [ 107.508913, 111.487946, 108.2225, 102.064872 ] }, { "date": "2024-08-02", "close": 101.55899, "volume": 5496000, "typical_volume": 12912850.0, "trend": 94.412453, "fair_value": 62.490925, "relative_strength": 7.644834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.649532, "energy": 24.387794, "activity_lines": [ 104.695157, 109.435511, 108.170861, 102.585369 ] }, { "date": "2024-08-09", "close": 103.75724, "volume": 9151000, "typical_volume": 13174600.0, "trend": 95.543475, "fair_value": 62.855037, "relative_strength": 10.353215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.675173, "energy": 17.501533, "activity_lines": [ 103.815859, 107.95389, 108.22747, 103.188258 ] }, { "date": "2024-08-16", "close": 107.714081, "volume": 5828000, "typical_volume": 13322900.0, "trend": 96.769402, "fair_value": 63.256553, "relative_strength": 9.485667, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.597206, "energy": 14.306966, "activity_lines": [ 104.841707, 107.338381, 108.5591, 103.973459 ] }, { "date": "2024-08-23", "close": 117.386368, "volume": 15495000, "typical_volume": 13899150.0, "trend": 98.152703, "fair_value": 63.784661, "relative_strength": 19.404519, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.560176, "energy": 21.699894, "activity_lines": [ 109.09165, 108.537425, 109.674165, 105.303585 ] }, { "date": "2024-08-30", "close": 133.213745, "volume": 62102000, "typical_volume": 16417600.0, "trend": 100.100574, "fair_value": 64.429, "relative_strength": 33.432974, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 74.126035, "energy": 52.353199, "activity_lines": [ 117.855327, 112.702104, 112.131098, 107.565588 ] }, { "date": "2024-09-06", "close": 122.222504, "volume": 21487000, "typical_volume": 16161850.0, "trend": 101.696298, "fair_value": 64.947041, "relative_strength": 26.171087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.954667, "energy": 62.484136, "activity_lines": [ 121.0208, 114.676528, 113.301188, 108.992809 ] }, { "date": "2024-09-13", "close": 121.782852, "volume": 13068000, "typical_volume": 15593350.0, "trend": 103.20054, "fair_value": 65.465269, "relative_strength": 22.860433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.609881, "energy": 66.674553, "activity_lines": [ 122.662155, 116.523054, 114.290467, 110.288716 ] }, { "date": "2024-09-20", "close": 133.213745, "volume": 21691000, "typical_volume": 15202800.0, "trend": 105.114266, "fair_value": 66.074551, "relative_strength": 30.759824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.985932, "energy": 74.360575, "activity_lines": [ 126.9121, 120.280058, 116.262043, 112.225052 ] }, { "date": "2024-09-27", "close": 123.541451, "volume": 16897000, "typical_volume": 14757250.0, "trend": 106.389742, "fair_value": 66.591031, "relative_strength": 17.038159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.525977, "energy": 52.148067, "activity_lines": [ 126.23797, 121.814832, 117.174013, 113.413903 ] }, { "date": "2024-10-04", "close": 118.265671, "volume": 7396000, "typical_volume": 14471500.0, "trend": 107.489357, "fair_value": 67.049151, "relative_strength": 13.976281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.16764, "energy": 36.867355, "activity_lines": [ 123.394907, 122.07063, 117.487086, 114.180091 ] }, { "date": "2024-10-11", "close": 125.300056, "volume": 12330000, "typical_volume": 14391100.0, "trend": 108.988486, "fair_value": 67.59894, "relative_strength": 16.719825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.778747, "energy": 35.292638, "activity_lines": [ 123.893177, 123.34961, 118.415042, 115.329169 ] }, { "date": "2024-10-18", "close": 116.946716, "volume": 10471000, "typical_volume": 14404400.0, "trend": 110.140881, "fair_value": 68.081158, "relative_strength": 5.608155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.711789, "energy": 19.047083, "activity_lines": [ 121.401831, 122.678145, 118.479209, 115.842603 ] }, { "date": "2024-10-25", "close": 115.188118, "volume": 7384000, "typical_volume": 13829500.0, "trend": 111.354163, "fair_value": 68.562621, "relative_strength": 4.364923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.155128, "energy": 16.001507, "activity_lines": [ 118.646694, 121.447127, 118.351501, 116.168231 ] }, { "date": "2024-11-01", "close": 104.636536, "volume": 8460000, "typical_volume": 13350850.0, "trend": 112.087682, "fair_value": 68.960921, "relative_strength": -2.958983, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.115817, "energy": 12.184491, "activity_lines": [ 113.576072, 118.161747, 117.197945, 115.734836 ] }, { "date": "2024-11-08", "close": 103.317589, "volume": 4083000, "typical_volume": 12926200.0, "trend": 112.771546, "fair_value": 69.337743, "relative_strength": -7.353671, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.555514, "energy": 27.704278, "activity_lines": [ 109.326129, 114.868375, 116.002518, 115.169023 ] }, { "date": "2024-11-15", "close": 102.438286, "volume": 7088000, "typical_volume": 12833850.0, "trend": 113.084648, "fair_value": 69.720449, "relative_strength": -4.86229, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.914751, "energy": 40.378346, "activity_lines": [ 105.779623, 111.958695, 114.815464, 114.502361 ] }, { "date": "2024-11-22", "close": 115.188118, "volume": 21773013, "typical_volume": 13350350.65, "trend": 113.609339, "fair_value": 70.188389, "relative_strength": 5.921635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.325732, "energy": 29.699892, "activity_lines": [ 108.007179, 111.72688, 114.92433, 114.638069 ] }, { "date": "2024-11-29", "close": 104.196892, "volume": 8975000, "typical_volume": 13309150.65, "trend": 113.611158, "fair_value": 70.553821, "relative_strength": -1.454605, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.596952, "energy": 38.838942, "activity_lines": [ 106.688234, 109.616564, 113.97385, 114.030815 ] }, { "date": "2024-12-06", "close": 102.877937, "volume": 5672000, "typical_volume": 13379500.65, "trend": 113.597466, "fair_value": 70.934837, "relative_strength": -6.436141, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.387245, "energy": 41.873139, "activity_lines": [ 105.662385, 107.794017, 112.914504, 113.338349 ] }, { "date": "2024-12-13", "close": 95.843552, "volume": 12321000, "typical_volume": 13858400.65, "trend": 113.235477, "fair_value": 71.263749, "relative_strength": -12.019118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.226545, "energy": 44.23358, "activity_lines": [ 102.40898, 105.068192, 111.199872, 112.192935 ] }, { "date": "2024-12-20", "close": 98.481445, "volume": 4243000, "typical_volume": 13795750.65, "trend": 112.819147, "fair_value": 71.605565, "relative_strength": -7.539135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.190174, "energy": 58.990595, "activity_lines": [ 100.533143, 103.229658, 109.776246, 111.241062 ] }, { "date": "2024-12-27", "close": 102.877937, "volume": 5472000, "typical_volume": 13611800.65, "trend": 112.520913, "fair_value": 71.971556, "relative_strength": -6.646361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.126716, "energy": 54.719141, "activity_lines": [ 100.386592, 102.678098, 108.785988, 110.599693 ] }, { "date": "2025-01-03", "close": 103.317589, "volume": 1826000, "typical_volume": 13411700.65, "trend": 112.271779, "fair_value": 72.339865, "relative_strength": -4.856146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.855394, "energy": 46.024867, "activity_lines": [ 101.207271, 102.46227, 107.841789, 110.005931 ] }, { "date": "2025-01-10", "close": 106.834785, "volume": 8163000, "typical_volume": 13045100.65, "trend": 111.758855, "fair_value": 72.739735, "relative_strength": -2.319684, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.012406, "energy": 26.137206, "activity_lines": [ 103.258969, 103.101761, 107.253496, 109.655157 ] }, { "date": "2025-01-17", "close": 108.153732, "volume": 6908000, "typical_volume": 10285400.65, "trend": 111.275241, "fair_value": 73.137542, "relative_strength": -1.957639, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.195144, "energy": 17.894121, "activity_lines": [ 105.486526, 103.941091, 106.841064, 109.422568 ] }, { "date": "2025-01-24", "close": 110.791626, "volume": 8375000, "typical_volume": 9629800.65, "trend": 110.982141, "fair_value": 73.568286, "relative_strength": -1.373186, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.030178, "energy": 17.384985, "activity_lines": [ 107.772702, 105.172109, 106.799192, 109.391367 ] }, { "date": "2025-02-07", "close": 115.188118, "volume": 8353696, "typical_volume": 9394085.45, "trend": 111.070071, "fair_value": 74.041235, "relative_strength": 2.430617, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.506066, "energy": 15.725719, "activity_lines": [ 110.703697, 107.050611, 107.230467, 109.662721 ] }, { "date": "2025-02-14", "close": 106.834785, "volume": 9261396, "typical_volume": 8772605.25, "trend": 111.040761, "fair_value": 74.469651, "relative_strength": -3.856477, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.275652, "energy": 14.315281, "activity_lines": [ 110.029568, 107.410324, 106.89759, 109.389476 ] }, { "date": "2025-02-21", "close": 121.782852, "volume": 11105578, "typical_volume": 8483034.15, "trend": 111.56834, "fair_value": 74.979866, "relative_strength": 6.495957, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.208493, "energy": 25.596789, "activity_lines": [ 114.103649, 110.439906, 108.113952, 110.082514 ] }, { "date": "2025-02-28", "close": 118.265671, "volume": 12202736, "typical_volume": 8723370.95, "trend": 112.0373, "fair_value": 75.469037, "relative_strength": 5.985221, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.61633, "energy": 36.598007, "activity_lines": [ 116.008799, 112.486275, 109.003719, 110.5146 ] }, { "date": "2025-03-07", "close": 123.981102, "volume": 20773358, "typical_volume": 9145538.85, "trend": 112.784703, "fair_value": 76.010872, "relative_strength": 13.011535, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.878534, "energy": 49.541319, "activity_lines": [ 119.144963, 115.164138, 110.437813, 111.285168 ] }, { "date": "2025-03-14", "close": 116.067421, "volume": 12283489, "typical_volume": 9236163.3, "trend": 113.195043, "fair_value": 76.498973, "relative_strength": 8.309061, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.172568, "energy": 43.430117, "activity_lines": [ 118.763934, 115.93952, 111.124504, 111.496956 ] }, { "date": "2025-03-21", "close": 120.024269, "volume": 4927498, "typical_volume": 9113338.2, "trend": 113.605382, "fair_value": 77.033974, "relative_strength": 10.210905, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.899109, "energy": 40.617847, "activity_lines": [ 119.643235, 117.194521, 112.192224, 111.937552 ] }, { "date": "2025-03-28", "close": 117.386368, "volume": 5069180, "typical_volume": 8943797.2, "trend": 113.605382, "fair_value": 77.547057, "relative_strength": 10.224806, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.246525, "energy": 26.40804, "activity_lines": [ 118.763937, 117.666144, 112.985687, 112.181486 ] }, { "date": "2025-04-04", "close": 119.144966, "volume": 3828532, "typical_volume": 8931073.8, "trend": 113.136423, "fair_value": 78.051381, "relative_strength": 12.723766, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.734665, "energy": 20.931965, "activity_lines": [ 118.763937, 118.265667, 113.885921, 112.538879 ] }, { "date": "2025-04-11", "close": 93.618011, "volume": 6791750, "typical_volume": 8916261.3, "trend": 112.18294, "fair_value": 78.390066, "relative_strength": -3.674924, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -24.280891, "energy": 17.483326, "activity_lines": [ 110.196332, 114.024084, 112.279649, 111.279626 ] }, { "date": "2025-04-18", "close": 106.683182, "volume": 8735641, "typical_volume": 8264392.7, "trend": 111.679618, "fair_value": 78.819515, "relative_strength": 9.884852, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.409288, "energy": 16.90289, "activity_lines": [ 108.00799, 112.470234, 111.95968, 110.924803 ] }, { "date": "2025-04-25", "close": 104.803299, "volume": 6151509, "typical_volume": 8123218.15, "trend": 110.732603, "fair_value": 79.244675, "relative_strength": 5.14815, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.498444, "energy": 24.94116, "activity_lines": [ 105.818637, 110.729222, 111.501174, 110.48117 ] }, { "date": "2025-05-02", "close": 105.74324, "volume": 4023568, "typical_volume": 8040796.55, "trend": 110.139329, "fair_value": 79.672355, "relative_strength": 1.365813, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.09663, "energy": 25.028664, "activity_lines": [ 104.957329, 109.196045, 111.129298, 110.159275 ] }, { "date": "2025-05-09", "close": 96.343842, "volume": 7766889, "typical_volume": 7813091.0, "trend": 109.408601, "fair_value": 80.049549, "relative_strength": -8.025144, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.315178, "energy": 44.656189, "activity_lines": [ 101.739096, 106.245516, 109.848598, 109.269244 ] }, { "date": "2025-05-16", "close": 101.983482, "volume": 9417125, "typical_volume": 8071797.25, "trend": 108.631382, "fair_value": 80.443862, "relative_strength": -6.666026, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.392782, "energy": 32.498798, "activity_lines": [ 101.920819, 104.718954, 109.102623, 108.790204 ] }, { "date": "2025-05-23", "close": 108.093094, "volume": 11677850, "typical_volume": 8382089.75, "trend": 108.336261, "fair_value": 80.894869, "relative_strength": -0.189494, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.169624, "energy": 16.497266, "activity_lines": [ 103.58138, 104.703188, 108.92184, 108.755476 ] }, { "date": "2025-05-30", "close": 112.322823, "volume": 10964394, "typical_volume": 8839009.45, "trend": 108.240752, "fair_value": 81.36698, "relative_strength": 5.150842, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.140907, "energy": 8.745879, "activity_lines": [ 106.557857, 105.601451, 109.119055, 109.012673 ] }, { "date": "2025-06-06", "close": 115.142639, "volume": 10415126, "typical_volume": 8951615.75, "trend": 108.590955, "fair_value": 81.856915, "relative_strength": 6.217119, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.863246, "energy": 15.473889, "activity_lines": [ 109.972972, 107.152435, 109.541941, 109.457956 ] }, { "date": "2025-06-13", "close": 111.852852, "volume": 4850795, "typical_volume": 8848755.5, "trend": 108.875464, "fair_value": 82.321506, "relative_strength": 1.255522, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.941705, "energy": 14.786276, "activity_lines": [ 111.664864, 108.14607, 109.611953, 109.668401 ] }, { "date": "2025-06-20", "close": 105.74324, "volume": 3292703, "typical_volume": 8594640.65, "trend": 108.985629, "fair_value": 82.746932, "relative_strength": -3.922874, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.938546, "energy": 8.998703, "activity_lines": [ 110.286284, 108.161451, 109.082482, 109.466322 ] }, { "date": "2025-06-27", "close": 105.74324, "volume": 2054702, "typical_volume": 8279690.95, "trend": 108.6708, "fair_value": 83.147818, "relative_strength": -5.982069, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.943934, "energy": 4.753923, "activity_lines": [ 108.657054, 107.956373, 108.577052, 109.257136 ] }, { "date": "2025-07-04", "close": 108.093094, "volume": 2434528, "typical_volume": 7938347.55, "trend": 108.800673, "fair_value": 83.553751, "relative_strength": -3.605775, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.544712, "energy": 5.911411, "activity_lines": [ 107.967766, 108.195631, 108.340392, 109.219865 ] }, { "date": "2025-07-11", "close": 102.453453, "volume": 2909817, "typical_volume": 7528559.5, "trend": 108.786524, "fair_value": 83.931545, "relative_strength": -9.356131, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.206506, "energy": 20.229016, "activity_lines": [ 105.68058, 107.349685, 107.560632, 108.810367 ] }, { "date": "2025-07-18", "close": 109.033028, "volume": 4383881, "typical_volume": 7137616.75, "trend": 109.226173, "fair_value": 84.411615, "relative_strength": -6.200458, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.477819, "energy": 22.552588, "activity_lines": [ 106.43253, 107.75984, 107.499543, 108.82627 ] }, { "date": "2025-07-25", "close": 109.972969, "volume": 4555811, "typical_volume": 6326739.4, "trend": 109.609224, "fair_value": 84.870165, "relative_strength": -5.342929, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -26.883709, "energy": 14.189062, "activity_lines": [ 107.685783, 108.110181, 107.571937, 108.87445 ] }, { "date": "2025-08-01", "close": 109.502997, "volume": 2329198, "typical_volume": 5829024.85, "trend": 109.830059, "fair_value": 85.309175, "relative_strength": -6.015194, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -14.891927, "energy": 8.004485, "activity_lines": [ 108.500396, 108.229808, 107.666277, 108.867597 ] }, { "date": "2025-08-08", "close": 113.262756, "volume": 4331627, "typical_volume": 5799231.3, "trend": 110.161565, "fair_value": 85.780299, "relative_strength": -5.171205, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.750599, "energy": 14.942041, "activity_lines": [ 110.317612, 109.007394, 108.149949, 109.089061 ] }, { "date": "2025-08-15", "close": 106.213211, "volume": 10567241, "typical_volume": 6074134.35, "trend": 110.140845, "fair_value": 86.213746, "relative_strength": -12.058791, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -17.463971, "energy": 11.524741, "activity_lines": [ 109.440336, 108.486155, 107.994433, 108.834329 ] }, { "date": "2025-08-22", "close": 109.502998, "volume": 6885849, "typical_volume": 6227000.2, "trend": 110.185821, "fair_value": 86.62137, "relative_strength": -7.084054, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.587927, "energy": 8.211844, "activity_lines": [ 109.409004, 108.725412, 108.205435, 108.793178 ] }, { "date": "2025-08-29", "close": 114.672668, "volume": 4964521, "typical_volume": 6135638.75, "trend": 110.315189, "fair_value": 87.054776, "relative_strength": -4.369384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.476745, "energy": 21.85599, "activity_lines": [ 111.069565, 109.947334, 108.954701, 109.082652 ] }, { "date": "2025-09-05", "close": 140.051041, "volume": 37564782, "typical_volume": 7577095.8, "trend": 111.143953, "fair_value": 87.646133, "relative_strength": 15.666938, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.777736, "energy": 66.16851, "activity_lines": [ 120.87627, 115.621152, 112.020695, 111.001094 ] }, { "date": "2025-09-12", "close": 137.231232, "volume": 21446404, "typical_volume": 8341840.55, "trend": 112.157168, "fair_value": 88.189457, "relative_strength": 9.111443, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.359473, "energy": 85.108744, "activity_lines": [ 127.706502, 120.158499, 114.659241, 112.684144 ] }, { "date": "2025-09-19", "close": 138.171173, "volume": 13347874, "typical_volume": 8808055.85, "trend": 112.703445, "fair_value": 88.761931, "relative_strength": 9.496375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.611828, "energy": 88.051961, "activity_lines": [ 133.25215, 124.336961, 117.232887, 114.362467 ] }, { "date": "2025-09-26", "close": 134.411407, "volume": 11772036, "typical_volume": 9008313.2, "trend": 113.241637, "fair_value": 89.29664, "relative_strength": 6.824025, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.348399, "energy": 85.051288, "activity_lines": [ 135.414012, 127.182415, 119.294041, 115.76298 ] }, { "date": "2025-10-03", "close": 137.701202, "volume": 6069792, "typical_volume": 8840946.55, "trend": 113.698973, "fair_value": 89.830888, "relative_strength": 4.719515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.453298, "energy": 83.257959, "activity_lines": [ 137.011911, 130.164589, 121.487234, 117.341017 ] }, { "date": "2025-10-10", "close": 128.771774, "volume": 6597361, "typical_volume": 8586922.1, "trend": 114.122452, "fair_value": 90.351519, "relative_strength": -3.790456, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.897333, "energy": 54.110929, "activity_lines": [ 134.098098, 131.019081, 122.659922, 118.313456 ] }, { "date": "2025-10-17", "close": 122.662163, "volume": 4000505, "typical_volume": 8238727.65, "trend": 114.210381, "fair_value": 90.80408, "relative_strength": -8.003535, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.114253, "energy": 36.084055, "activity_lines": [ 129.8997, 130.412393, 123.152272, 118.864405 ] }, { "date": "2025-10-24", "close": 128.771774, "volume": 6046836, "typical_volume": 8020313.15, "trend": 114.589895, "fair_value": 91.309995, "relative_strength": -4.113711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.227013, "energy": 28.440543, "activity_lines": [ 128.70911, 130.745646, 124.177254, 119.803849 ] }, { "date": "2025-10-31", "close": 126.891891, "volume": 4708460, "typical_volume": 8013196.4, "trend": 114.848126, "fair_value": 91.821729, "relative_strength": -7.700035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.517079, "energy": 23.082803, "activity_lines": [ 127.518519, 130.326945, 124.9583, 120.597527 ] }, { "date": "2025-11-07", "close": 129.241745, "volume": 5956378, "typical_volume": 8146380.15, "trend": 116.035584, "fair_value": 92.363767, "relative_strength": -4.042853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.861702, "energy": 20.553821, "activity_lines": [ 127.612514, 130.019329, 125.891526, 121.526147 ] }, { "date": "2025-11-14", "close": 118.902397, "volume": 7333000, "typical_volume": 8410295.05, "trend": 116.442891, "fair_value": 92.817979, "relative_strength": -10.884906, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.465416, "energy": 14.775288, "activity_lines": [ 124.824023, 127.56694, 125.728155, 121.711103 ] }, { "date": "2025-11-21", "close": 117.962456, "volume": 3965836, "typical_volume": 8486860.45, "trend": 116.881529, "fair_value": 93.248297, "relative_strength": -8.354985, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.852965, "energy": 10.710566, "activity_lines": [ 122.380177, 125.328172, 125.412604, 121.809139 ] }, { "date": "2025-11-28", "close": 122.662163, "volume": 2945026, "typical_volume": 8488620.9, "trend": 117.445493, "fair_value": 93.682988, "relative_strength": -8.601302, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.562559, "energy": 13.929539, "activity_lines": [ 121.816214, 124.294239, 125.497646, 122.182083 ] }, { "date": "2025-12-05", "close": 121.722221, "volume": 2110941, "typical_volume": 8374973.9, "trend": 118.291439, "fair_value": 94.072236, "relative_strength": -10.333272, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.90165, "energy": 17.307865, "activity_lines": [ 121.346244, 123.371388, 125.396938, 122.458001 ] }, { "date": "2025-12-12", "close": 119.842339, "volume": 3168823, "typical_volume": 8305624.5, "trend": 118.886735, "fair_value": 94.452062, "relative_strength": -12.333357, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.509353, "energy": 14.365562, "activity_lines": [ 120.594292, 122.337454, 125.05677, 122.558059 ] }, { "date": "2025-12-19", "close": 115.61261, "volume": 2102024, "typical_volume": 8294265.8, "trend": 119.137385, "fair_value": 94.822643, "relative_strength": -13.899311, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.014677, "energy": 35.900732, "activity_lines": [ 119.059057, 120.859184, 124.266772, 122.346826 ] }, { "date": "2025-12-26", "close": 114.672668, "volume": 1463557, "typical_volume": 8150862.3, "trend": 119.215713, "fair_value": 95.179316, "relative_strength": -17.052077, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.693689, "energy": 43.57134, "activity_lines": [ 117.429827, 119.449274, 123.358164, 122.058779 ] }, { "date": "2026-01-02", "close": 114.202698, "volume": 3113660, "typical_volume": 7778183.25, "trend": 119.184382, "fair_value": 95.55978, "relative_strength": -19.45702, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.614436, "energy": 45.928977, "activity_lines": [ 115.863259, 118.099178, 122.398082, 121.735359 ] }, { "date": "2026-01-09", "close": 104.333328, "volume": 5252747, "typical_volume": 7696528.15, "trend": 118.933731, "fair_value": 95.894847, "relative_strength": -28.395361, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.416275, "energy": 67.336766, "activity_lines": [ 111.570866, 115.219543, 120.460015, 120.777226 ] }, { "date": "2026-01-16", "close": 103.393394, "volume": 2725169, "typical_volume": 7584560.55, "trend": 118.855403, "fair_value": 96.159771, "relative_strength": -31.19869, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.227061, "energy": 74.733439, "activity_lines": [ 108.124421, 112.579167, 118.457048, 119.774624 ] }, { "date": "2026-01-23", "close": 104.333328, "volume": 4056050, "typical_volume": 5909123.95, "trend": 118.808406, "fair_value": 96.464882, "relative_strength": -31.385766, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.001519, "energy": 74.667384, "activity_lines": [ 106.087884, 110.579658, 116.597309, 118.837716 ] }, { "date": "2026-01-30", "close": 101.043541, "volume": 2596526, "typical_volume": 4966630.05, "trend": 118.573421, "fair_value": 96.740495, "relative_strength": -33.341338, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.493985, "energy": 87.628806, "activity_lines": [ 103.706704, 108.246898, 114.594342, 117.691596 ] }, { "date": "2026-02-06", "close": 95.873871, "volume": 4351622, "typical_volume": 4516817.45, "trend": 118.354101, "fair_value": 96.948281, "relative_strength": -35.698665, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.360936, "energy": 91.272314, "activity_lines": [ 100.510908, 105.281815, 112.271347, 116.227109 ] }, { "date": "2026-02-13", "close": 98.223724, "volume": 2288655, "typical_volume": 4042648.4, "trend": 117.993791, "fair_value": 97.183745, "relative_strength": -37.260828, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.769053, "energy": 86.712263, "activity_lines": [ 99.320318, 103.231037, 110.373564, 114.928375 ] }, { "date": "2026-02-27", "close": 100.1036, "volume": 4198816, "typical_volume": 3949099.6, "trend": 117.664812, "fair_value": 97.362935, "relative_strength": -38.742841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.969252, "energy": 80.946959, "activity_lines": [ 99.163661, 101.949301, 108.827139, 113.774169 ] }, { "date": "2026-03-06", "close": 97.283783, "volume": 5875736, "typical_volume": 3913018.35, "trend": 117.257505, "fair_value": 97.525626, "relative_strength": -36.662781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.113254, "energy": 71.603483, "activity_lines": [ 98.286385, 100.513757, 107.191196, 112.459264 ] }, { "date": "2026-03-13", "close": 93.524025, "volume": 4506868, "typical_volume": 3938336.5, "trend": 116.599547, "fair_value": 97.66264, "relative_strength": -38.045911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.659808, "energy": 65.807003, "activity_lines": [ 96.625825, 98.727872, 105.347123, 110.928071 ] }, { "date": "2026-03-20", "close": 93.712006, "volume": 4003947, "typical_volume": 3836192.05, "trend": 116.182841, "fair_value": 97.842904, "relative_strength": -37.525221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.275289, "energy": 63.861654, "activity_lines": [ 95.529227, 97.360686, 103.659707, 109.451456 ] }, { "date": "2026-03-27", "close": 91.926125, "volume": 3397331, "typical_volume": 3770635.6, "trend": 115.596945, "fair_value": 97.996478, "relative_strength": -37.207898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.765922, "energy": 65.772692, "activity_lines": [ 93.981459, 96.041352, 101.969158, 107.886506 ] }, { "date": "2026-04-03", "close": 89.388283, "volume": 2694681, "typical_volume": 3607550.75, "trend": 114.754132, "fair_value": 98.020262, "relative_strength": -37.19413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.054679, "energy": 69.38285, "activity_lines": [ 92.007584, 94.486178, 100.203414, 106.195625 ] }, { "date": "2026-04-10", "close": 92.099998, "volume": 4892242, "typical_volume": 3485512.85, "trend": 113.155764, "fair_value": 98.074567, "relative_strength": -39.692997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.365061, "energy": 60.238017, "activity_lines": [ 91.651969, 93.678682, 98.885706, 104.734068 ] }, { "date": "2026-04-17", "close": 93.0, "volume": 4837105, "typical_volume": 3529076.3, "trend": 111.68139, "fair_value": 98.121503, "relative_strength": -40.799243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.50333, "energy": 57.850911, "activity_lines": [ 91.94194, 93.257246, 97.781343, 103.433696 ] }, { "date": "2026-04-24", "close": 89.300003, "volume": 5662453, "typical_volume": 3664947.65, "trend": 110.052351, "fair_value": 98.170999, "relative_strength": -45.473927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.01037, "energy": 56.861964, "activity_lines": [ 91.033513, 92.30933, 96.443469, 101.989736 ] }, { "date": "2026-05-01", "close": 87.099998, "volume": 2424776, "typical_volume": 3680639.4, "trend": 108.475304, "fair_value": 98.246861, "relative_strength": -46.060679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.319463, "energy": 58.076022, "activity_lines": [ 89.685885, 91.080938, 95.054937, 100.508939 ] }, { "date": "2026-05-08", "close": 92.0, "volume": 3737454, "typical_volume": 3709070.95, "trend": 106.95193, "fair_value": 98.331009, "relative_strength": -45.972391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.263719, "energy": 48.748759, "activity_lines": [ 90.293333, 90.945705, 94.297941, 99.446016 ] }, { "date": "2026-05-15", "close": 95.099998, "volume": 16932290, "typical_volume": 4450584.25, "trend": 105.829538, "fair_value": 98.454474, "relative_strength": -42.950876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.469307, "energy": 37.180771, "activity_lines": [ 91.759999, 91.521446, 93.968764, 98.681375 ] }, { "date": "2026-05-22", "close": 98.099998, "volume": 3382104, "typical_volume": 4546511.6, "trend": 105.010799, "fair_value": 98.615565, "relative_strength": -42.030142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.2502, "energy": 24.191618, "activity_lines": [ 94.026665, 92.682347, 94.022981, 98.182695 ] }, { "date": "2026-05-29", "close": 99.800003, "volume": 7632994, "typical_volume": 4772478.3, "trend": 104.045073, "fair_value": 98.799641, "relative_strength": -43.526292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.887955, "energy": 19.332472, "activity_lines": [ 96.52, 94.06914, 94.318021, 97.846515 ] }, { "date": "2026-06-05", "close": 95.800003, "volume": 4844455, "typical_volume": 4752063.7, "trend": 103.008677, "fair_value": 98.964384, "relative_strength": -45.362183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.402182, "energy": 18.650352, "activity_lines": [ 96.980001, 94.617969, 94.300693, 97.314575 ] }, { "date": "2026-06-12", "close": 90.699997, "volume": 3129586, "typical_volume": 4772284.55, "trend": 101.723952, "fair_value": 99.075411, "relative_strength": -46.349407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.019648, "energy": 18.569793, "activity_lines": [ 95.16, 94.169091, 93.838285, 96.520466 ] }, { "date": "2026-06-19", "close": 89.199997, "volume": 1648271, "typical_volume": 4651895.6, "trend": 100.733872, "fair_value": 99.175246, "relative_strength": -49.038101, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.794694, "energy": 25.03677, "activity_lines": [ 92.926666, 93.423636, 93.293464, 95.712469 ] }, { "date": "2026-06-26", "close": 90.5, "volume": 2652274, "typical_volume": 4654683.0, "trend": 99.818457, "fair_value": 99.267122, "relative_strength": -45.326881, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.024996, "energy": 31.935743, "activity_lines": [ 91.519999, 92.967272, 92.944517, 95.052219 ] }, { "date": "2026-07-03", "close": 106.5, "volume": 8793806, "typical_volume": 4876792.2, "trend": 99.279718, "fair_value": 99.470497, "relative_strength": -37.925318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.745939, "energy": 6.828085, "activity_lines": [ 95.953333, 95.465454, 94.169586, 95.483287 ] }, { "date": "2026-07-10", "close": 104.5, "volume": 12688297, "typical_volume": 5396774.3, "trend": 98.705644, "fair_value": 99.675767, "relative_strength": -36.344881, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.763176, "energy": 27.331293, "activity_lines": [ 99.273333, 97.287272, 95.153579, 95.820079 ] }, { "date": "2026-07-17", "close": 98.800003, "volume": 5096143, "typical_volume": 5441640.65, "trend": 98.004233, "fair_value": 99.863418, "relative_strength": -35.280122, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 12.096931, "energy": 29.555589, "activity_lines": [ 100.113334, 97.756364, 95.564827, 95.826167 ] }, { "date": "2026-07-24", "close": 95.699997, "volume": 2270540, "typical_volume": 5261380.85, "trend": 97.340479, "fair_value": 100.048017, "relative_strength": -37.898463, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.403655, "energy": 26.871184, "activity_lines": [ 99.38, 97.538182, 95.687045, 95.677506 ] }, { "date": "2026-07-31", "close": 87.599998, "volume": 3192980, "typical_volume": 5195686.45, "trend": 96.438057, "fair_value": 100.202766, "relative_strength": -41.598111, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -44.534395, "energy": 16.814233, "activity_lines": [ 95.513332, 95.836363, 95.045376, 95.049088 ] }, { "date": "2026-08-07", "close": 92.599998, "volume": 1641376, "typical_volume": 5077557.9, "trend": 95.717967, "fair_value": 100.38799, "relative_strength": -38.938187, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.79594, "energy": 19.196893, "activity_lines": [ 93.506665, 95.234544, 94.908107, 94.801472 ] }, { "date": "2026-08-14", "close": 91.0, "volume": 3400306, "typical_volume": 5077706.65, "trend": 95.273522, "fair_value": 100.565059, "relative_strength": -41.169231, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.922145, "energy": 30.57729, "activity_lines": [ 91.893332, 94.472726, 94.623753, 94.497087 ] } ], "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." } } }