{ "ticker": { "uuid": "dfabc24c-cc82-4f29-978c-657b4ff7683e", "symbol": "2524", "name": "King's Town Construction 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": 95.923, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -53.176, "architecture_energy": 37.897, "architecture_maturity": 84.069, "architecture_confidence": 88.838, "architecture_tenure": "Extended", "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": 28.43, "rotation_up": 16.41, "upward_expansion": 5.55, "deceleration": 44.51, "rotation_down": 56.92, "downward_expansion": 81.21 }, "activity_lines": [ 35.053334, 35.572728, 35.824524, 36.535699 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 34.900002, "trend_reference": 37.765, "distance_from_trend": -0.075864, "trend_direction": "Weakening", "fair_value": 50.236859, "distance_from_fair_value": -0.305291, "fair_value_direction": "Improving", "relative_strength": -39.285532, "relative_strength_direction": "Improving", "price_momentum": -0.135068, "excess_performance": -0.57644, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.075864, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.051448, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.305291, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.029301, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.392855, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.093065, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.135068, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 4.415094, "read": "Demand-led" } ], "volume": { "latest": 321147, "relative_activity": 0.475997, "balance": 4.415094, "dry_up": 0.716105, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.089817, "annualized_volatility": 0.33055, "from_high_reference": -0.353704, "from_low_reference": 0.073846 }, "levels": { "trend_reference": 37.765, "fair_value_reference": 50.236859, "structural_low": 32.5, "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": 33, "median_return": -0.008052, "positive_rate": 0.424242, "directional_follow_through": 0.575758, "median_excess_return": -0.02739, "regime_survival": 0.848485, "best_return": 0.166271, "worst_return": -0.164336, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.007463, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.078271, "regime_survival": 0.636364, "best_return": 0.01473, "worst_return": -0.219156, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.036339, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.256784, "regime_survival": 0.5, "best_return": 0.021277, "worst_return": -0.292208, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.07402, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.00438, "regime_survival": 0.666667, "best_return": 0.503135, "worst_return": -0.318993, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2022-11-11", "end": "2022-12-02", "tenure": "New", "return": 0.002911, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-12-09", "end": "2022-12-16", "tenure": "New", "return": -0.026549, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-12-23", "end": "2023-06-23", "tenure": "Established", "return": -0.001536, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-06-30", "end": "2023-08-04", "tenure": "Developing", "return": -0.029781, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-08-11", "end": "2023-11-10", "tenure": "Established", "return": 0.01473, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-17", "end": "2024-02-23", "tenure": "Established", "return": 0.004762, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-09-27", "tenure": "Extended", "return": 1.757363, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.121681, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.181024, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-05-30", "tenure": "Established", "return": -0.173701, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-06", "end": "2025-06-06", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-13", "end": "2025-09-19", "tenure": "Established", "return": 0.005549, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-07", "tenure": "Developing", "return": -0.093886, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-08-14", "tenure": "Extended", "return": -0.155985, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 30.549999, "volume": 163005, "typical_volume": 206718.9, "trend": 32.02, "fair_value": 35.582692, "relative_strength": -15.382982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.122135, "energy": 62.811124, "activity_lines": [ 30.996667, 31.327273, 31.525238, 31.697634 ] }, { "date": "2023-08-18", "close": 31.0, "volume": 124238, "typical_volume": 202833.25, "trend": 31.933333, "fair_value": 35.554808, "relative_strength": -12.537726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.509043, "energy": 56.177367, "activity_lines": [ 30.943333, 31.229091, 31.464286, 31.631828 ] }, { "date": "2023-08-25", "close": 31.4, "volume": 138951, "typical_volume": 180529.6, "trend": 31.868333, "fair_value": 35.520513, "relative_strength": -11.565887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.752724, "energy": 43.2716, "activity_lines": [ 31.07, 31.216364, 31.445, 31.597419 ] }, { "date": "2023-09-01", "close": 31.6, "volume": 302181, "typical_volume": 191974.45, "trend": 31.823333, "fair_value": 35.486859, "relative_strength": -11.389709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.849663, "energy": 25.022046, "activity_lines": [ 31.243333, 31.246364, 31.447619, 31.580108 ] }, { "date": "2023-09-08", "close": 31.0, "volume": 74682, "typical_volume": 184684.85, "trend": 31.771667, "fair_value": 35.416987, "relative_strength": -12.20814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.414633, "energy": 19.374521, "activity_lines": [ 31.21, 31.183636, 31.394524, 31.526989 ] }, { "date": "2023-09-15", "close": 30.200001, "volume": 227959, "typical_volume": 175591.85, "trend": 31.681667, "fair_value": 35.353526, "relative_strength": -15.641455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.836422, "energy": 32.265267, "activity_lines": [ 30.906667, 30.991818, 31.268334, 31.425592 ] }, { "date": "2023-09-22", "close": 30.299999, "volume": 222031, "typical_volume": 183943.45, "trend": 31.59, "fair_value": 35.296474, "relative_strength": -11.945369, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.858358, "energy": 39.709534, "activity_lines": [ 30.66, 30.846364, 31.160238, 31.336452 ] }, { "date": "2023-09-29", "close": 31.1, "volume": 155320, "typical_volume": 172794.2, "trend": 31.54, "fair_value": 35.239103, "relative_strength": -9.22231, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.052211, "energy": 43.075111, "activity_lines": [ 30.726667, 30.871818, 31.135476, 31.304839 ] }, { "date": "2023-10-06", "close": 31.049999, "volume": 155500, "typical_volume": 152778.55, "trend": 31.49, "fair_value": 35.180769, "relative_strength": -9.773321, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.051895, "energy": 35.184837, "activity_lines": [ 30.796666, 30.888182, 31.107381, 31.273226 ] }, { "date": "2023-10-13", "close": 30.799999, "volume": 112164, "typical_volume": 154036.75, "trend": 31.445, "fair_value": 35.135256, "relative_strength": -11.413374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.407217, "energy": 25.752859, "activity_lines": [ 30.819999, 30.867272, 31.057381, 31.22871 ] }, { "date": "2023-10-20", "close": 30.799999, "volume": 94397, "typical_volume": 154353.3, "trend": 31.401667, "fair_value": 35.08718, "relative_strength": -9.030719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.455766, "energy": 17.371324, "activity_lines": [ 30.856666, 30.84909, 31.010476, 31.187097 ] }, { "date": "2023-10-27", "close": 31.0, "volume": 136000, "typical_volume": 153022.8, "trend": 31.376667, "fair_value": 35.033974, "relative_strength": -6.130568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.798474, "energy": 15.766256, "activity_lines": [ 30.919999, 30.862727, 30.988333, 31.161183 ] }, { "date": "2023-11-03", "close": 30.799999, "volume": 192977, "typical_volume": 156449.4, "trend": 31.336667, "fair_value": 34.985898, "relative_strength": -8.105202, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.407168, "energy": 17.532215, "activity_lines": [ 30.869999, 30.839999, 30.950476, 31.123978 ] }, { "date": "2023-11-10", "close": 31.0, "volume": 49937, "typical_volume": 154269.6, "trend": 31.306667, "fair_value": 34.933654, "relative_strength": -7.82919, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.293021, "energy": 15.681804, "activity_lines": [ 30.906666, 30.864545, 30.93619, 31.102258 ] }, { "date": "2023-11-17", "close": 31.5, "volume": 94852, "typical_volume": 150642.95, "trend": 31.301667, "fair_value": 34.892949, "relative_strength": -8.665037, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.407585, "energy": 7.086833, "activity_lines": [ 31.113333, 30.990909, 30.976666, 31.114731 ] }, { "date": "2023-11-24", "close": 31.25, "volume": 232401, "typical_volume": 155638.45, "trend": 31.276667, "fair_value": 34.853205, "relative_strength": -9.361713, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.141544, "energy": 10.153482, "activity_lines": [ 31.19, 31.062727, 30.995238, 31.111398 ] }, { "date": "2023-12-01", "close": 31.75, "volume": 137608, "typical_volume": 155265.05, "trend": 31.275, "fair_value": 34.809295, "relative_strength": -8.260034, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.451745, "energy": 23.689277, "activity_lines": [ 31.403333, 31.206363, 31.063809, 31.141935 ] }, { "date": "2023-12-08", "close": 31.6, "volume": 232292, "typical_volume": 158132.15, "trend": 31.281667, "fair_value": 34.763462, "relative_strength": -7.976894, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.883301, "energy": 29.109533, "activity_lines": [ 31.516667, 31.296363, 31.117857, 31.162903 ] }, { "date": "2023-12-15", "close": 31.35, "volume": 853661, "typical_volume": 188376.5, "trend": 31.278333, "fair_value": 34.709615, "relative_strength": -9.735271, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.925668, "energy": 25.173863, "activity_lines": [ 31.493333, 31.331818, 31.145714, 31.167312 ] }, { "date": "2023-12-22", "close": 31.6, "volume": 5234077, "typical_volume": 446711.65, "trend": 31.283333, "fair_value": 34.657372, "relative_strength": -8.188786, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.073793, "energy": 25.699551, "activity_lines": [ 31.53, 31.407273, 31.198095, 31.188064 ] }, { "date": "2023-12-29", "close": 31.65, "volume": 803681, "typical_volume": 478745.45, "trend": 31.271667, "fair_value": 34.619872, "relative_strength": -9.297499, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.691519, "energy": 18.052021, "activity_lines": [ 31.576667, 31.477273, 31.252143, 31.21172 ] }, { "date": "2024-01-05", "close": 31.450001, "volume": 218847, "typical_volume": 483475.9, "trend": 31.263333, "fair_value": 34.566987, "relative_strength": -7.314153, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.255782, "energy": 14.272118, "activity_lines": [ 31.53, 31.495455, 31.281905, 31.223226 ] }, { "date": "2024-01-12", "close": 31.5, "volume": 332020, "typical_volume": 493129.35, "trend": 31.255, "fair_value": 34.518269, "relative_strength": -6.721157, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.272904, "energy": 13.055694, "activity_lines": [ 31.52, 31.514546, 31.314286, 31.238495 ] }, { "date": "2024-01-19", "close": 31.75, "volume": 539213, "typical_volume": 504980.95, "trend": 31.23, "fair_value": 34.469231, "relative_strength": -6.438428, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.803106, "energy": 24.905297, "activity_lines": [ 31.6, 31.566364, 31.37, 31.27043 ] }, { "date": "2024-01-26", "close": 31.549999, "volume": 112312, "typical_volume": 506862.45, "trend": 31.218333, "fair_value": 34.426923, "relative_strength": -8.206011, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.057019, "energy": 22.094408, "activity_lines": [ 31.586666, 31.568182, 31.405952, 31.291075 ] }, { "date": "2024-02-02", "close": 31.450001, "volume": 738723, "typical_volume": 532400.65, "trend": 31.208333, "fair_value": 34.389103, "relative_strength": -8.484489, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.686983, "energy": 17.359589, "activity_lines": [ 31.543333, 31.550909, 31.429762, 31.306021 ] }, { "date": "2024-02-09", "close": 31.200001, "volume": 104718, "typical_volume": 526535.0, "trend": 31.191667, "fair_value": 34.358013, "relative_strength": -9.058555, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.206748, "energy": 11.521772, "activity_lines": [ 31.43, 31.484546, 31.42381, 31.305484 ] }, { "date": "2024-02-16", "close": 31.299999, "volume": 85940, "typical_volume": 523066.0, "trend": 31.198333, "fair_value": 34.334295, "relative_strength": -10.872736, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 25.016553, "energy": 12.53675, "activity_lines": [ 31.366667, 31.446364, 31.423095, 31.312473 ] }, { "date": "2024-02-23", "close": 31.65, "volume": 334999, "typical_volume": 532040.95, "trend": 31.203333, "fair_value": 34.313141, "relative_strength": -10.806709, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.247774, "energy": 13.869612, "activity_lines": [ 31.433333, 31.477273, 31.454762, 31.341613 ] }, { "date": "2024-03-01", "close": 35.650002, "volume": 721519, "typical_volume": 562508.7, "trend": 31.36, "fair_value": 34.317308, "relative_strength": 0.429504, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.325734, "energy": 72.297947, "activity_lines": [ 32.840001, 32.23, 31.864524, 31.628495 ] }, { "date": "2024-03-08", "close": 37.25, "volume": 4270366, "typical_volume": 771307.15, "trend": 31.583333, "fair_value": 34.328526, "relative_strength": 0.652582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.987267, "energy": 86.366788, "activity_lines": [ 34.506667, 33.2, 32.403572, 32.008495 ] }, { "date": "2024-03-15", "close": 38.700001, "volume": 2089612, "typical_volume": 868987.75, "trend": 31.84, "fair_value": 34.350962, "relative_strength": 5.24054, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.819521, "energy": 93.844968, "activity_lines": [ 36.270001, 34.331819, 33.05, 32.467635 ] }, { "date": "2024-03-22", "close": 39.75, "volume": 5117099, "typical_volume": 1115193.85, "trend": 32.118333, "fair_value": 34.378846, "relative_strength": 5.234852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.818425, "energy": 94.918421, "activity_lines": [ 37.883334, 35.522728, 33.759762, 32.977957 ] }, { "date": "2024-03-29", "close": 44.200001, "volume": 2420260, "typical_volume": 1233710.0, "trend": 32.538333, "fair_value": 34.438782, "relative_strength": 16.422904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.152667, "energy": 98.2734, "activity_lines": [ 40.416667, 37.372728, 34.850715, 33.75742 ] }, { "date": "2024-04-05", "close": 45.700001, "volume": 1390775, "typical_volume": 1298506.15, "trend": 33.028333, "fair_value": 34.500962, "relative_strength": 19.839572, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.260329, "energy": 97.343683, "activity_lines": [ 42.613334, 39.269092, 36.021667, 34.606559 ] }, { "date": "2024-04-12", "close": 47.950001, "volume": 2219861, "typical_volume": 1397879.15, "trend": 33.62, "fair_value": 34.582692, "relative_strength": 22.930007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.159102, "energy": 96.942757, "activity_lines": [ 44.890001, 41.317273, 37.339286, 35.569248 ] }, { "date": "2024-04-19", "close": 45.75, "volume": 3515953, "typical_volume": 1566796.4, "trend": 34.135, "fair_value": 34.649359, "relative_strength": 24.155298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.886699, "energy": 83.422168, "activity_lines": [ 45.720001, 42.665455, 38.367858, 36.351828 ] }, { "date": "2024-04-26", "close": 51.0, "volume": 9583857, "typical_volume": 2034374.65, "trend": 34.798333, "fair_value": 34.744231, "relative_strength": 33.666083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.198708, "energy": 74.425096, "activity_lines": [ 47.83, 44.703637, 39.829762, 37.439893 ] }, { "date": "2024-05-03", "close": 55.0, "volume": 7083322, "typical_volume": 2345857.7, "trend": 35.596667, "fair_value": 34.857051, "relative_strength": 41.698907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.022199, "energy": 75.224852, "activity_lines": [ 50.523334, 47.11091, 41.580239, 38.743226 ] }, { "date": "2024-05-10", "close": 52.5, "volume": 22642033, "typical_volume": 3216255.5, "trend": 36.32, "fair_value": 34.942949, "relative_strength": 32.107598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.091979, "energy": 67.259881, "activity_lines": [ 51.663333, 48.639091, 42.98, 39.833764 ] }, { "date": "2024-05-17", "close": 53.900002, "volume": 5158716, "typical_volume": 3434007.25, "trend": 37.09, "fair_value": 35.045833, "relative_strength": 31.345769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.786998, "energy": 66.282839, "activity_lines": [ 52.816667, 50.115455, 44.413572, 40.967957 ] }, { "date": "2024-05-24", "close": 47.049999, "volume": 3692894, "typical_volume": 3607709.6, "trend": 37.625, "fair_value": 35.120833, "relative_strength": 12.711703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.168524, "energy": 54.645935, "activity_lines": [ 51.29, 50.043637, 45.08881, 41.610538 ] }, { "date": "2024-05-31", "close": 53.599998, "volume": 6032419, "typical_volume": 3892729.55, "trend": 38.385, "fair_value": 35.24359, "relative_strength": 29.979028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.831949, "energy": 51.72593, "activity_lines": [ 51.859999, 51.010909, 46.313572, 42.641183 ] }, { "date": "2024-06-07", "close": 61.299999, "volume": 23140483, "typical_volume": 5022793.05, "trend": 39.395, "fair_value": 35.411218, "relative_strength": 42.692269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.438711, "energy": 60.29194, "activity_lines": [ 54.823333, 53.126363, 48.166429, 44.11957 ] }, { "date": "2024-06-14", "close": 57.0, "volume": 6576283, "typical_volume": 5345991.6, "trend": 40.245, "fair_value": 35.55609, "relative_strength": 28.000015, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.675648, "energy": 53.112264, "activity_lines": [ 55.933333, 54.149091, 49.469048, 45.255376 ] }, { "date": "2024-06-21", "close": 53.599998, "volume": 4285447, "typical_volume": 5523327.8, "trend": 40.99, "fair_value": 35.680449, "relative_strength": 16.020827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.434884, "energy": 50.669395, "activity_lines": [ 55.609999, 54.348181, 50.326666, 46.116989 ] }, { "date": "2024-06-28", "close": 53.700001, "volume": 5409479, "typical_volume": 5788565.85, "trend": 41.721667, "fair_value": 35.800962, "relative_strength": 16.849248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.604094, "energy": 46.615373, "activity_lines": [ 55.34, 54.462727, 51.088333, 46.936989 ] }, { "date": "2024-07-05", "close": 54.200001, "volume": 2550269, "typical_volume": 5911782.3, "trend": 42.475, "fair_value": 35.92468, "relative_strength": 14.87415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.519335, "energy": 37.196552, "activity_lines": [ 54.793333, 54.523636, 51.790476, 47.742043 ] }, { "date": "2024-07-12", "close": 64.699997, "volume": 13867443, "typical_volume": 6588404.5, "trend": 43.586667, "fair_value": 36.117308, "relative_strength": 33.942085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.037053, "energy": 46.226058, "activity_lines": [ 57.706666, 56.435454, 53.383571, 49.175914 ] }, { "date": "2024-07-19", "close": 75.199997, "volume": 39542259, "typical_volume": 8529441.5, "trend": 45.04, "fair_value": 36.375321, "relative_strength": 60.575524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.201978, "energy": 60.057062, "activity_lines": [ 63.893332, 60.079999, 55.819285, 51.215484 ] }, { "date": "2024-07-26", "close": 84.800003, "volume": 23898453, "typical_volume": 9510845.85, "trend": 46.811667, "fair_value": 36.695833, "relative_strength": 83.742545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.322823, "energy": 87.445568, "activity_lines": [ 72.066666, 65.057272, 58.980952, 53.780645 ] }, { "date": "2024-08-02", "close": 115.5, "volume": 107906238, "typical_volume": 14801677.15, "trend": 49.613333, "fair_value": 37.20641, "relative_strength": 147.831612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.219074, "energy": 97.403856, "activity_lines": [ 88.393333, 75.054545, 64.84, 58.21215 ] }, { "date": "2024-08-09", "close": 108.0, "volume": 8219597, "typical_volume": 14956802.05, "trend": 52.163333, "fair_value": 37.670833, "relative_strength": 127.094968, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.078041, "energy": 94.25528, "activity_lines": [ 98.1, 82.443636, 69.619047, 61.979032 ] }, { "date": "2024-08-16", "close": 124.0, "volume": 7303820, "typical_volume": 15200980.05, "trend": 55.238333, "fair_value": 38.241026, "relative_strength": 142.763414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.134153, "energy": 96.12634, "activity_lines": [ 109.553334, 91.752727, 75.596904, 66.613656 ] }, { "date": "2024-08-23", "close": 121.0, "volume": 40718080, "typical_volume": 17167345.3, "trend": 58.22, "fair_value": 38.796474, "relative_strength": 131.994185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.840327, "energy": 90.414615, "activity_lines": [ 116.053334, 99.376364, 80.909047, 70.856344 ] }, { "date": "2024-08-30", "close": 124.5, "volume": 27130821, "typical_volume": 18412893.3, "trend": 61.321667, "fair_value": 39.375321, "relative_strength": 130.569492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.766736, "energy": 76.122383, "activity_lines": [ 120.666667, 106.472727, 86.195952, 75.132473 ] }, { "date": "2024-09-06", "close": 112.5, "volume": 28942185, "typical_volume": 19684204.9, "trend": 64.031667, "fair_value": 39.87468, "relative_strength": 110.794051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.077256, "energy": 65.846458, "activity_lines": [ 118.633333, 110.098182, 89.975476, 78.434301 ] }, { "date": "2024-09-13", "close": 120.5, "volume": 22287415, "typical_volume": 20319382.8, "trend": 67.005, "fair_value": 40.421474, "relative_strength": 116.151501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.991298, "energy": 60.899633, "activity_lines": [ 119.466667, 114.109091, 94.199047, 82.077419 ] }, { "date": "2024-09-20", "close": 110.0, "volume": 14136075, "typical_volume": 20672020.45, "trend": 69.616667, "fair_value": 40.903846, "relative_strength": 89.336807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.644611, "energy": 50.986367, "activity_lines": [ 115.966667, 115.005455, 97.091666, 84.85129 ] }, { "date": "2024-09-27", "close": 98.300003, "volume": 19037216, "typical_volume": 20491779.6, "trend": 71.705, "fair_value": 41.297436, "relative_strength": 61.432111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.970732, "energy": 34.518919, "activity_lines": [ 109.500001, 112.95091, 98.608095, 86.701828 ] }, { "date": "2024-10-04", "close": 90.400002, "volume": 7146164, "typical_volume": 20591152.0, "trend": 73.476667, "fair_value": 41.633654, "relative_strength": 49.576673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.64093, "energy": 22.787181, "activity_lines": [ 101.913335, 109.040001, 99.154048, 87.907957 ] }, { "date": "2024-10-11", "close": 87.099998, "volume": 6373979, "typical_volume": 20725206.25, "trend": 75.09, "fair_value": 41.954487, "relative_strength": 38.414393, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.25806, "energy": 24.092879, "activity_lines": [ 95.5, 104.427273, 99.211905, 88.786882 ] }, { "date": "2024-10-18", "close": 82.699997, "volume": 7378829, "typical_volume": 20792526.75, "trend": 76.521667, "fair_value": 42.24359, "relative_strength": 26.684408, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.579499, "energy": 21.930693, "activity_lines": [ 89.313333, 99.530909, 98.66, 89.277849 ] }, { "date": "2024-10-25", "close": 79.599998, "volume": 4374796, "typical_volume": 19854242.4, "trend": 77.701667, "fair_value": 42.5125, "relative_strength": 21.410744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.861385, "energy": 22.900353, "activity_lines": [ 84.613332, 94.530909, 97.674285, 89.476451 ] }, { "date": "2024-11-01", "close": 82.699997, "volume": 5003395, "typical_volume": 19775598.0, "trend": 78.935, "fair_value": 42.809295, "relative_strength": 27.742523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.83143, "energy": 23.725043, "activity_lines": [ 82.973331, 90.901817, 96.896666, 89.798924 ] }, { "date": "2024-11-08", "close": 75.5, "volume": 11378671, "typical_volume": 20130259.2, "trend": 79.853333, "fair_value": 43.059295, "relative_strength": 11.770801, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.839421, "energy": 39.783219, "activity_lines": [ 79.973332, 86.659999, 95.310952, 89.577311 ] }, { "date": "2024-11-15", "close": 79.400002, "volume": 9397989, "typical_volume": 20329684.7, "trend": 80.975, "fair_value": 43.333974, "relative_strength": 20.395819, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.118004, "energy": 49.041638, "activity_lines": [ 79.266666, 84.018181, 93.992381, 89.548064 ] }, { "date": "2024-11-22", "close": 80.099998, "volume": 9009172, "typical_volume": 20652629.85, "trend": 81.945, "fair_value": 43.565385, "relative_strength": 19.26429, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.402355, "energy": 46.859933, "activity_lines": [ 79.306666, 82.105454, 92.618095, 89.491613 ] }, { "date": "2024-11-29", "close": 77.300003, "volume": 4615464, "typical_volume": 20190030.9, "trend": 82.688333, "fair_value": 43.778205, "relative_strength": 17.144612, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.495255, "energy": 42.410601, "activity_lines": [ 78.586667, 80.418182, 90.853809, 89.191935 ] }, { "date": "2024-12-06", "close": 73.300003, "volume": 3484952, "typical_volume": 18387165.55, "trend": 83.381667, "fair_value": 43.982372, "relative_strength": 5.704133, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.498015, "energy": 43.131985, "activity_lines": [ 76.686668, 78.598182, 88.648572, 88.586237 ] }, { "date": "2024-12-13", "close": 67.099998, "volume": 3624303, "typical_volume": 17373458.05, "trend": 83.821666, "fair_value": 44.14391, "relative_strength": -3.220698, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.482518, "energy": 66.110678, "activity_lines": [ 73.346667, 76.105455, 85.861905, 87.535806 ] }, { "date": "2024-12-20", "close": 65.800003, "volume": 5905532, "typical_volume": 12273422.75, "trend": 84.446667, "fair_value": 44.304487, "relative_strength": -3.638162, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.457397, "energy": 73.441917, "activity_lines": [ 70.133335, 73.800001, 83.035715, 86.373118 ] }, { "date": "2024-12-27", "close": 67.0, "volume": 2890232, "typical_volume": 12006954.5, "trend": 84.893333, "fair_value": 44.475962, "relative_strength": -5.772606, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.775778, "energy": 76.855471, "activity_lines": [ 68.226668, 72.100001, 80.560476, 85.247527 ] }, { "date": "2025-01-03", "close": 65.599998, "volume": 10671055, "typical_volume": 12175316.25, "trend": 85.036667, "fair_value": 44.64391, "relative_strength": -6.888241, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.829882, "energy": 86.70065, "activity_lines": [ 66.726667, 70.430909, 78.147143, 84.002796 ] }, { "date": "2025-01-10", "close": 61.599998, "volume": 2673707, "typical_volume": 10273097.6, "trend": 85.19, "fair_value": 44.777244, "relative_strength": -13.434627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.738897, "energy": 87.425501, "activity_lines": [ 64.673332, 68.289091, 75.630952, 82.490753 ] }, { "date": "2025-01-17", "close": 61.700001, "volume": 1794144, "typical_volume": 9006263.75, "trend": 85.46, "fair_value": 44.923077, "relative_strength": -14.26807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.602101, "energy": 82.599629, "activity_lines": [ 63.433333, 66.549091, 73.407143, 80.975269 ] }, { "date": "2025-01-24", "close": 61.0, "volume": 614047, "typical_volume": 7589856.85, "trend": 85.703333, "fair_value": 45.061218, "relative_strength": -17.031116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.320701, "energy": 73.368306, "activity_lines": [ 62.32, 64.932727, 71.415714, 79.397204 ] }, { "date": "2025-02-07", "close": 59.900002, "volume": 1734670, "typical_volume": 6562219.6, "trend": 85.893333, "fair_value": 45.196474, "relative_strength": -18.768507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.596889, "energy": 75.244571, "activity_lines": [ 61.16, 63.450909, 69.564762, 77.732473 ] }, { "date": "2025-02-14", "close": 63.799999, "volume": 3535343, "typical_volume": 6032183.0, "trend": 85.863333, "fair_value": 45.3625, "relative_strength": -12.813324, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.522305, "energy": 62.357393, "activity_lines": [ 61.773334, 63.045455, 68.37381, 76.307097 ] }, { "date": "2025-02-21", "close": 67.0, "volume": 2567720, "typical_volume": 5208708.2, "trend": 85.59, "fair_value": 45.546795, "relative_strength": -11.285103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.942967, "energy": 51.287617, "activity_lines": [ 63.573334, 63.467273, 67.707619, 75.090108 ] }, { "date": "2025-02-28", "close": 64.099998, "volume": 1971655, "typical_volume": 4949982.75, "trend": 84.9, "fair_value": 45.712179, "relative_strength": -13.211701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.144853, "energy": 44.256225, "activity_lines": [ 64.046666, 63.476363, 66.914286, 73.703656 ] }, { "date": "2025-03-07", "close": 59.799999, "volume": 1232722, "typical_volume": 4692919.9, "trend": 83.043333, "fair_value": 45.858974, "relative_strength": -17.701077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.281579, "energy": 45.958331, "activity_lines": [ 62.926666, 62.758181, 65.836666, 72.084301 ] }, { "date": "2025-03-14", "close": 57.200001, "volume": 2972448, "typical_volume": 4472600.85, "trend": 81.35, "fair_value": 45.986859, "relative_strength": -19.447553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.603005, "energy": 55.357235, "activity_lines": [ 61.02, 61.676363, 64.641429, 70.416989 ] }, { "date": "2025-03-21", "close": 62.099998, "volume": 3351307, "typical_volume": 4421426.4, "trend": 79.286667, "fair_value": 46.15, "relative_strength": -13.921288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.216193, "energy": 49.568467, "activity_lines": [ 60.926666, 61.663636, 64.034285, 69.175054 ] }, { "date": "2025-03-28", "close": 61.0, "volume": 6093705, "typical_volume": 4475941.9, "trend": 77.286667, "fair_value": 46.310256, "relative_strength": -13.512956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.130839, "energy": 49.512509, "activity_lines": [ 60.579999, 61.514545, 63.405714, 67.995269 ] }, { "date": "2025-04-04", "close": 61.099998, "volume": 1802377, "typical_volume": 3997127.2, "trend": 75.173333, "fair_value": 46.472756, "relative_strength": -12.488063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.118348, "energy": 44.872895, "activity_lines": [ 60.666666, 61.394545, 62.89, 66.950967 ] }, { "date": "2025-04-11", "close": 47.799999, "volume": 13262338, "typical_volume": 4190344.65, "trend": 73.016666, "fair_value": 46.552885, "relative_strength": -25.421841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.36592, "energy": 60.429434, "activity_lines": [ 56.519999, 58.867272, 61.17619, 65.184946 ] }, { "date": "2025-04-18", "close": 48.099998, "volume": 3048031, "typical_volume": 3892287.6, "trend": 70.603333, "fair_value": 46.640385, "relative_strength": -24.510459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.289643, "energy": 80.389889, "activity_lines": [ 53.273332, 56.634544, 59.641428, 63.577419 ] }, { "date": "2025-04-25", "close": 47.799999, "volume": 3011521, "typical_volume": 3812090.45, "trend": 68.53, "fair_value": 46.721474, "relative_strength": -26.811325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.474295, "energy": 85.66894, "activity_lines": [ 50.533332, 54.561817, 58.230475, 62.106236 ] }, { "date": "2025-05-02", "close": 52.200001, "volume": 1468647, "typical_volume": 3711275.2, "trend": 66.993333, "fair_value": 46.839423, "relative_strength": -23.581435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.983515, "energy": 79.938007, "activity_lines": [ 50.213333, 53.579999, 57.379047, 61.052688 ] }, { "date": "2025-05-09", "close": 51.700001, "volume": 10256775, "typical_volume": 4042898.8, "trend": 65.703333, "fair_value": 46.951923, "relative_strength": -24.671539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.180534, "energy": 60.559061, "activity_lines": [ 50.313333, 52.776363, 56.580476, 60.066021 ] }, { "date": "2025-05-16", "close": 52.599998, "volume": 4035940, "typical_volume": 3949419.2, "trend": 64.553333, "fair_value": 47.073077, "relative_strength": -26.563724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.713023, "energy": 49.017578, "activity_lines": [ 51.34, 52.361817, 55.940952, 59.220645 ] }, { "date": "2025-05-23", "close": 52.0, "volume": 1690228, "typical_volume": 3889419.0, "trend": 63.53, "fair_value": 47.188782, "relative_strength": -26.701937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.105446, "energy": 40.070954, "activity_lines": [ 51.846666, 51.96909, 55.307142, 58.410752 ] }, { "date": "2025-05-30", "close": 50.900002, "volume": 2600660, "typical_volume": 3485899.25, "trend": 62.573333, "fair_value": 47.292628, "relative_strength": -27.314027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.861977, "energy": 36.083771, "activity_lines": [ 51.726667, 51.470909, 54.64, 57.595914 ] }, { "date": "2025-06-06", "close": 50.099998, "volume": 2394805, "typical_volume": 3471954.15, "trend": 61.486666, "fair_value": 47.391987, "relative_strength": -29.401045, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -49.482326, "energy": 36.43242, "activity_lines": [ 51.133333, 51.030909, 53.966666, 56.791182 ] }, { "date": "2025-06-13", "close": 45.049999, "volume": 1948224, "typical_volume": 3479658.15, "trend": 60.471666, "fair_value": 47.457692, "relative_strength": -37.422631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.050548, "energy": 52.184765, "activity_lines": [ 48.996666, 49.870909, 52.867142, 55.730752 ] }, { "date": "2025-06-20", "close": 44.0, "volume": 1311982, "typical_volume": 3514554.9, "trend": 59.291666, "fair_value": 47.520833, "relative_strength": -38.611357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.299508, "energy": 72.918198, "activity_lines": [ 46.953333, 48.811818, 51.746904, 54.668064 ] }, { "date": "2025-06-27", "close": 45.25, "volume": 1410606, "typical_volume": 3498351.7, "trend": 58.13, "fair_value": 47.599679, "relative_strength": -38.251384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.143349, "energy": 74.72789, "activity_lines": [ 45.9, 48.049091, 50.826666, 53.76215 ] }, { "date": "2025-07-04", "close": 45.049999, "volume": 712678, "typical_volume": 3357218.45, "trend": 57.055, "fair_value": 47.665064, "relative_strength": -38.313571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.436976, "energy": 76.164397, "activity_lines": [ 45.229999, 47.301818, 49.957142, 52.918279 ] }, { "date": "2025-07-11", "close": 45.200001, "volume": 611237, "typical_volume": 3259394.3, "trend": 56.118333, "fair_value": 47.752243, "relative_strength": -38.547245, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.154238, "energy": 81.164238, "activity_lines": [ 45.0, 46.631818, 49.19119, 52.15344 ] }, { "date": "2025-07-18", "close": 43.599998, "volume": 1112658, "typical_volume": 3216444.45, "trend": 55.335, "fair_value": 47.816987, "relative_strength": -42.035138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.706809, "energy": 74.344882, "activity_lines": [ 44.563333, 45.798181, 48.376666, 51.345806 ] }, { "date": "2025-07-25", "close": 42.900002, "volume": 578293, "typical_volume": 3183723.0, "trend": 54.571666, "fair_value": 47.860577, "relative_strength": -42.420126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.776263, "energy": 72.329351, "activity_lines": [ 43.99, 44.984545, 47.593095, 50.543548 ] }, { "date": "2025-08-01", "close": 41.450001, "volume": 1218871, "typical_volume": 3096044.15, "trend": 53.72, "fair_value": 47.908333, "relative_strength": -43.833016, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.791689, "energy": 78.677945, "activity_lines": [ 43.006667, 44.083637, 46.751905, 49.696989 ] }, { "date": "2025-08-08", "close": 42.099998, "volume": 592755, "typical_volume": 2958116.55, "trend": 52.936666, "fair_value": 47.943269, "relative_strength": -43.100259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.692246, "energy": 72.825508, "activity_lines": [ 42.493333, 43.492727, 46.047619, 48.947311 ] }, { "date": "2025-08-15", "close": 41.349998, "volume": 720276, "typical_volume": 2689445.1, "trend": 52.261666, "fair_value": 47.969872, "relative_strength": -43.661495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.456306, "energy": 78.608231, "activity_lines": [ 41.926666, 42.925454, 45.367142, 48.199784 ] }, { "date": "2025-08-22", "close": 41.0, "volume": 1473556, "typical_volume": 2673004.05, "trend": 51.571666, "fair_value": 47.990705, "relative_strength": -41.369324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.476667, "energy": 70.763067, "activity_lines": [ 41.499999, 42.453636, 44.746904, 47.473225 ] }, { "date": "2025-08-29", "close": 42.0, "volume": 789807, "typical_volume": 2049377.5, "trend": 50.938333, "fair_value": 48.023718, "relative_strength": -39.630112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.59505, "energy": 57.749416, "activity_lines": [ 41.579999, 42.237272, 44.317619, 46.855699 ] }, { "date": "2025-09-05", "close": 49.099998, "volume": 8031284, "typical_volume": 2298540.15, "trend": 50.578333, "fair_value": 48.092308, "relative_strength": -28.459455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.955931, "energy": 22.830031, "activity_lines": [ 44.086666, 43.348181, 44.592142, 46.737096 ] }, { "date": "2025-09-12", "close": 46.049999, "volume": 3024358, "typical_volume": 2299182.0, "trend": 49.986666, "fair_value": 48.151602, "relative_strength": -33.924397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.316995, "energy": 21.434666, "activity_lines": [ 45.066666, 43.834545, 44.571428, 46.444946 ] }, { "date": "2025-09-19", "close": 45.299999, "volume": 6947058, "typical_volume": 2573102.55, "trend": 49.263333, "fair_value": 48.204487, "relative_strength": -33.503456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.712863, "energy": 21.764603, "activity_lines": [ 45.533332, 44.166363, 44.487618, 46.14258 ] }, { "date": "2025-09-26", "close": 45.799999, "volume": 1732228, "typical_volume": 2146875.2, "trend": 48.653333, "fair_value": 48.274679, "relative_strength": -31.198025, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.484704, "energy": 18.781394, "activity_lines": [ 45.903332, 44.587272, 44.484285, 45.919139 ] }, { "date": "2025-10-03", "close": 45.400002, "volume": 772732, "typical_volume": 1983714.8, "trend": 48.173333, "fair_value": 48.344551, "relative_strength": -33.525622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.375397, "energy": 12.019161, "activity_lines": [ 45.82, 44.895454, 44.470952, 45.709247 ] }, { "date": "2025-10-10", "close": 44.549999, "volume": 614075, "typical_volume": 1929907.15, "trend": 47.751666, "fair_value": 48.415384, "relative_strength": -34.874051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.652208, "energy": 8.361453, "activity_lines": [ 45.226666, 45.003636, 44.410952, 45.475483 ] }, { "date": "2025-10-17", "close": 43.849998, "volume": 2768722, "typical_volume": 1938310.25, "trend": 47.143333, "fair_value": 48.483333, "relative_strength": -34.798879, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.285481, "energy": 15.77559, "activity_lines": [ 44.703333, 44.928181, 44.319761, 45.223763 ] }, { "date": "2025-10-24", "close": 42.200001, "volume": 810617, "typical_volume": 1859100.85, "trend": 46.516666, "fair_value": 48.542308, "relative_strength": -36.795107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.598989, "energy": 25.324768, "activity_lines": [ 43.776666, 44.520909, 44.105, 44.904838 ] }, { "date": "2025-10-31", "close": 41.75, "volume": 1026148, "typical_volume": 1812997.05, "trend": 45.871666, "fair_value": 48.598397, "relative_strength": -38.073847, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.113316, "energy": 35.192241, "activity_lines": [ 42.906667, 44.016363, 43.885, 44.597311 ] }, { "date": "2025-11-07", "close": 41.5, "volume": 1421558, "typical_volume": 1818475.85, "trend": 45.661666, "fair_value": 48.641346, "relative_strength": -36.052502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.865549, "energy": 47.180582, "activity_lines": [ 42.223333, 43.452727, 43.656904, 44.315268 ] }, { "date": "2025-11-14", "close": 41.349998, "volume": 479049, "typical_volume": 1771898.0, "trend": 45.436666, "fair_value": 48.689102, "relative_strength": -34.786802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.796301, "energy": 51.687073, "activity_lines": [ 41.749999, 42.870909, 43.426428, 44.037096 ] }, { "date": "2025-11-21", "close": 40.950001, "volume": 541717, "typical_volume": 1763349.95, "trend": 45.208333, "fair_value": 48.73141, "relative_strength": -31.968147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.710899, "energy": 51.563061, "activity_lines": [ 41.356667, 42.357272, 43.176428, 43.747634 ] }, { "date": "2025-11-28", "close": 44.75, "volume": 958497, "typical_volume": 1780712.95, "trend": 44.96, "fair_value": 48.803205, "relative_strength": -27.715492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.480426, "energy": 24.143638, "activity_lines": [ 42.423333, 42.627273, 43.307857, 43.718064 ] }, { "date": "2025-12-05", "close": 42.200001, "volume": 324159, "typical_volume": 1741288.0, "trend": 44.643333, "fair_value": 48.853205, "relative_strength": -31.54408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.624367, "energy": 22.495511, "activity_lines": [ 42.47, 42.443636, 43.198571, 43.54 ] }, { "date": "2025-12-12", "close": 41.400002, "volume": 307647, "typical_volume": 1727755.7, "trend": 44.27, "fair_value": 48.897756, "relative_strength": -32.359832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.601198, "energy": 23.515243, "activity_lines": [ 42.220001, 42.18, 43.019762, 43.330753 ] }, { "date": "2025-12-19", "close": 42.400002, "volume": 1959121, "typical_volume": 1764768.2, "trend": 43.95, "fair_value": 48.952243, "relative_strength": -28.595748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.556801, "energy": 16.360289, "activity_lines": [ 42.310001, 42.17091, 42.943334, 43.210108 ] }, { "date": "2025-12-26", "close": 43.549999, "volume": 806264, "typical_volume": 1775443.65, "trend": 43.705, "fair_value": 49.019872, "relative_strength": -27.963651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.568215, "energy": 15.290628, "activity_lines": [ 42.713334, 42.410001, 42.971905, 43.184301 ] }, { "date": "2026-01-02", "close": 42.25, "volume": 228115, "typical_volume": 1750835.6, "trend": 43.443333, "fair_value": 49.082051, "relative_strength": -31.103545, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.569314, "energy": 16.664439, "activity_lines": [ 42.51, 42.418182, 42.869762, 43.09043 ] }, { "date": "2026-01-09", "close": 41.650002, "volume": 495100, "typical_volume": 1701912.8, "trend": 43.33, "fair_value": 49.142949, "relative_strength": -33.273691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.469475, "energy": 21.574487, "activity_lines": [ 42.273334, 42.316364, 42.706191, 42.974731 ] }, { "date": "2026-01-16", "close": 41.950001, "volume": 942226, "typical_volume": 1709533.75, "trend": 43.261667, "fair_value": 49.205128, "relative_strength": -34.367559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.690271, "energy": 20.997876, "activity_lines": [ 42.173334, 42.27091, 42.568096, 42.885699 ] }, { "date": "2026-01-23", "close": 41.5, "volume": 1137344, "typical_volume": 1364836.75, "trend": 43.136667, "fair_value": 49.255769, "relative_strength": -35.35957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.168449, "energy": 28.030189, "activity_lines": [ 41.886667, 42.135455, 42.387381, 42.772043 ] }, { "date": "2026-01-30", "close": 41.5, "volume": 543430, "typical_volume": 1240790.35, "trend": 43.018333, "fair_value": 49.308013, "relative_strength": -34.754499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.329198, "energy": 33.216124, "activity_lines": [ 41.66, 41.997273, 42.242858, 42.666452 ] }, { "date": "2026-02-06", "close": 40.349998, "volume": 410883, "typical_volume": 913981.6, "trend": 42.856667, "fair_value": 49.355449, "relative_strength": -35.196769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.000011, "energy": 44.952309, "activity_lines": [ 41.186666, 41.64, 42.010476, 42.494301 ] }, { "date": "2026-02-13", "close": 41.400002, "volume": 313972, "typical_volume": 843068.8, "trend": 42.783333, "fair_value": 49.412179, "relative_strength": -36.162043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.197677, "energy": 39.754761, "activity_lines": [ 41.19, 41.553637, 41.901667, 42.400323 ] }, { "date": "2026-02-27", "close": 43.25, "volume": 781443, "typical_volume": 843504.35, "trend": 42.795, "fair_value": 49.478526, "relative_strength": -35.688793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.583636, "energy": 15.23574, "activity_lines": [ 41.826667, 41.818182, 41.99, 42.43043 ] }, { "date": "2026-03-06", "close": 40.900002, "volume": 468245, "typical_volume": 836212.85, "trend": 42.776667, "fair_value": 49.528846, "relative_strength": -34.86689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.342523, "energy": 24.722178, "activity_lines": [ 41.593334, 41.621819, 41.864762, 42.308172 ] }, { "date": "2026-03-13", "close": 39.75, "volume": 966441, "typical_volume": 746098.8, "trend": 42.698333, "fair_value": 49.574679, "relative_strength": -35.350309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.339513, "energy": 28.864668, "activity_lines": [ 41.016667, 41.243637, 41.647381, 42.112904 ] }, { "date": "2026-03-20", "close": 39.200001, "volume": 781598, "typical_volume": 744647.85, "trend": 42.626667, "fair_value": 49.617308, "relative_strength": -35.551432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.597825, "energy": 39.606047, "activity_lines": [ 40.373334, 40.834546, 41.397143, 41.887205 ] }, { "date": "2026-03-27", "close": 37.799999, "volume": 557020, "typical_volume": 721191.45, "trend": 42.52, "fair_value": 49.653526, "relative_strength": -35.919222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.197771, "energy": 68.27896, "activity_lines": [ 39.34, 40.226364, 41.027858, 41.575807 ] }, { "date": "2026-04-03", "close": 38.099998, "volume": 385726, "typical_volume": 669399.85, "trend": 42.39, "fair_value": 49.691987, "relative_strength": -33.145856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.004789, "energy": 71.544095, "activity_lines": [ 38.646666, 39.742727, 40.705953, 41.290645 ] }, { "date": "2026-04-10", "close": 38.599998, "volume": 307001, "typical_volume": 660797.45, "trend": 42.04, "fair_value": 49.735897, "relative_strength": -36.46768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.481294, "energy": 68.925556, "activity_lines": [ 38.463332, 39.42, 40.447857, 41.046129 ] }, { "date": "2026-04-17", "close": 39.75, "volume": 488451, "typical_volume": 658134.15, "trend": 41.83, "fair_value": 49.785577, "relative_strength": -36.059269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.580291, "energy": 56.281517, "activity_lines": [ 38.816666, 39.35909, 40.312381, 40.898387 ] }, { "date": "2026-04-24", "close": 37.5, "volume": 385668, "typical_volume": 629492.7, "trend": 41.57, "fair_value": 49.821474, "relative_strength": -41.973691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.518138, "energy": 46.144905, "activity_lines": [ 38.419999, 38.920909, 39.968333, 40.619032 ] }, { "date": "2026-05-01", "close": 36.75, "volume": 409527, "typical_volume": 633761.1, "trend": 41.268333, "fair_value": 49.854167, "relative_strength": -42.146416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.40925, "energy": 48.67135, "activity_lines": [ 37.886666, 38.398181, 39.587381, 40.308065 ] }, { "date": "2026-05-08", "close": 36.849998, "volume": 592641, "typical_volume": 648010.8, "trend": 40.983333, "fair_value": 49.885256, "relative_strength": -44.662175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.521763, "energy": 48.815928, "activity_lines": [ 37.456666, 37.978181, 39.241904, 40.023011 ] }, { "date": "2026-05-15", "close": 33.200001, "volume": 619141, "typical_volume": 581011.8, "trend": 40.605, "fair_value": 49.894231, "relative_strength": -48.592052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.656362, "energy": 81.453249, "activity_lines": [ 35.893333, 37.010909, 38.570476, 39.52086 ] }, { "date": "2026-05-22", "close": 33.349998, "volume": 431627, "typical_volume": 562279.95, "trend": 40.255, "fair_value": 49.906731, "relative_strength": -48.679668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.636719, "energy": 82.905512, "activity_lines": [ 34.739999, 36.210908, 37.957142, 39.052796 ] }, { "date": "2026-05-29", "close": 34.450001, "volume": 806252, "typical_volume": 591186.8, "trend": 39.996667, "fair_value": 49.925961, "relative_strength": -48.864656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.789953, "energy": 77.469703, "activity_lines": [ 34.38, 35.727272, 37.497143, 38.678279 ] }, { "date": "2026-06-05", "close": 36.25, "volume": 1069174, "typical_volume": 619890.5, "trend": 39.813333, "fair_value": 49.956731, "relative_strength": -45.496705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.938253, "energy": 64.449366, "activity_lines": [ 34.823333, 35.657272, 37.245714, 38.436559 ] }, { "date": "2026-06-12", "close": 36.799999, "volume": 2833656, "typical_volume": 714462.0, "trend": 39.656667, "fair_value": 49.9875, "relative_strength": -42.429743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.119662, "energy": 40.208716, "activity_lines": [ 35.483333, 35.715454, 37.072381, 38.24215 ] }, { "date": "2026-06-19", "close": 39.25, "volume": 1136315, "typical_volume": 714410.55, "trend": 39.586667, "fair_value": 50.035897, "relative_strength": -40.688473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.350377, "energy": 16.658752, "activity_lines": [ 36.963333, 36.242727, 37.156904, 38.215914 ] }, { "date": "2026-06-26", "close": 35.200001, "volume": 930798, "typical_volume": 733778.95, "trend": 39.395, "fair_value": 50.058013, "relative_strength": -43.630883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.371232, "energy": 22.551209, "activity_lines": [ 36.69, 36.021818, 36.866428, 37.932903 ] }, { "date": "2026-07-03", "close": 36.700001, "volume": 459430, "typical_volume": 736206.3, "trend": 39.126667, "fair_value": 50.084936, "relative_strength": -43.050548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.016182, "energy": 18.599863, "activity_lines": [ 36.793334, 36.156364, 36.748809, 37.759032 ] }, { "date": "2026-07-10", "close": 35.5, "volume": 0, "typical_volume": 720507.7, "trend": 38.903333, "fair_value": 50.108013, "relative_strength": -42.200036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.963262, "energy": 17.651476, "activity_lines": [ 36.346667, 36.087273, 36.534286, 37.525054 ] }, { "date": "2026-07-17", "close": 37.200001, "volume": 705672, "typical_volume": 716719.15, "trend": 38.763333, "fair_value": 50.142949, "relative_strength": -34.587712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.480435, "energy": 19.116619, "activity_lines": [ 36.516667, 36.35, 36.509762, 37.415161 ] }, { "date": "2026-07-24", "close": 35.049999, "volume": 486107, "typical_volume": 717612.25, "trend": 38.518333, "fair_value": 50.164423, "relative_strength": -38.819597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.533844, "energy": 26.094813, "activity_lines": [ 35.943333, 36.215455, 36.309286, 37.175591 ] }, { "date": "2026-07-31", "close": 35.799999, "volume": 639118, "typical_volume": 701246.1, "trend": 38.26, "fair_value": 50.194551, "relative_strength": -35.788517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.710049, "energy": 24.86984, "activity_lines": [ 35.9, 36.183636, 36.208095, 37.000215 ] }, { "date": "2026-08-07", "close": 34.150002, "volume": 486201, "typical_volume": 686476.25, "trend": 37.99, "fair_value": 50.211538, "relative_strength": -39.38147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.255419, "energy": 30.518422, "activity_lines": [ 35.266667, 35.807273, 35.968571, 36.735054 ] }, { "date": "2026-08-14", "close": 34.900002, "volume": 321147, "typical_volume": 674682.6, "trend": 37.765, "fair_value": 50.236859, "relative_strength": -39.285532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.17616, "energy": 37.897294, "activity_lines": [ 35.053334, 35.572728, 35.824524, 36.535699 ] } ], "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." } } }