{ "ticker": { "uuid": "e167cd7e-d794-4867-aaaa-dc5818e0cf94", "symbol": "9937", "name": "National Petroleum 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 59.127, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 17.978, "architecture_energy": 34.719, "architecture_maturity": 4.702, "architecture_confidence": 56.969, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 43.58, "rotation_up": 58.56, "upward_expansion": 44.6, "deceleration": 26.29, "rotation_down": 15.24, "downward_expansion": 19.6 }, "activity_lines": [ 55.313332, 54.715263, 54.299808, 54.377665 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 55.099998, "trend_reference": 54.62055, "distance_from_trend": 0.008778, "trend_direction": "Weakening", "fair_value": 58.786684, "distance_from_fair_value": -0.062713, "fair_value_direction": "Improving", "relative_strength": -30.254761, "relative_strength_direction": "Improving", "price_momentum": 0.002029, "excess_performance": -0.439343, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.008778, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.007152, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.062713, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.022608, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.302548, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.067216, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.002029, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.710955, "read": "Supply-led" } ], "volume": { "latest": 107003, "relative_activity": 0.470268, "balance": 0.710955, "dry_up": 0.784095, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.029324, "annualized_volatility": 0.103488, "from_high_reference": -0.118214, "from_low_reference": 0.071329 }, "levels": { "trend_reference": 54.62055, "fair_value_reference": 58.786684, "structural_low": 51.431456, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.02439, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.029616, "regime_survival": 0.0, "best_return": -0.02439, "worst_return": -0.02439, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.006098, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.016386, "regime_survival": 0.0, "best_return": -0.006098, "worst_return": -0.006098, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.007114, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.007282, "regime_survival": 0.0, "best_return": -0.007114, "worst_return": -0.007114, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.050531, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.217997, "regime_survival": 0.0, "best_return": 0.050531, "worst_return": 0.050531, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-26", "tenure": "Developing", "return": -0.04298, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-02", "end": "2024-03-29", "tenure": "Developing", "return": -0.01632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-04-05", "end": "2024-05-24", "tenure": "Developing", "return": 0.00744, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-12-20", "tenure": "Extended", "return": -0.059927, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-03", "tenure": "New", "return": -0.009317, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-05-23", "tenure": "Established", "return": -0.004747, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.052632, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": -0.056172, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-10-17", "tenure": "Developing", "return": -0.047002, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": 0.005263, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2026-02-27", "tenure": "Established", "return": 0.031524, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-04-03", "tenure": "Developing", "return": -0.043993, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-07-31", "tenure": "Established", "return": 0.031046, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 60.402607, "volume": 271948, "typical_volume": 281085.35, "trend": 54.857777, "fair_value": 43.267316, "relative_strength": 11.266655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.326282, "energy": 39.217046, "activity_lines": [ 61.015577, 60.51241, 58.756991, 57.234969 ] }, { "date": "2023-08-18", "close": 60.041996, "volume": 68060, "typical_volume": 273687.75, "trend": 55.330219, "fair_value": 43.419271, "relative_strength": 11.527408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.063544, "energy": 41.825115, "activity_lines": [ 60.884723, 60.489614, 59.051084, 57.569434 ] }, { "date": "2023-08-25", "close": 60.853371, "volume": 89002, "typical_volume": 272986.6, "trend": 55.841357, "fair_value": 43.579239, "relative_strength": 11.745578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.342348, "energy": 35.513722, "activity_lines": [ 60.877413, 60.567919, 59.393651, 57.925767 ] }, { "date": "2023-09-01", "close": 62.025364, "volume": 109002, "typical_volume": 265986.5, "trend": 56.312928, "fair_value": 43.745698, "relative_strength": 12.191247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.994706, "energy": 34.664518, "activity_lines": [ 61.123832, 60.837853, 59.808516, 58.324735 ] }, { "date": "2023-09-08", "close": 61.664753, "volume": 188261, "typical_volume": 269512.8, "trend": 56.769567, "fair_value": 43.905754, "relative_strength": 11.484755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.61968, "energy": 32.354264, "activity_lines": [ 61.298129, 61.024869, 60.142055, 58.670014 ] }, { "date": "2023-09-15", "close": 61.845055, "volume": 103913, "typical_volume": 271840.85, "trend": 57.153584, "fair_value": 44.065176, "relative_strength": 9.098218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.823914, "energy": 34.111124, "activity_lines": [ 61.580608, 61.292645, 60.447086, 58.997465 ] }, { "date": "2023-09-22", "close": 62.295822, "volume": 188606, "typical_volume": 278942.1, "trend": 57.500205, "fair_value": 44.226976, "relative_strength": 13.231933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.460372, "energy": 36.110501, "activity_lines": [ 61.917179, 61.553643, 60.748509, 59.329222 ] }, { "date": "2023-09-29", "close": 61.484444, "volume": 40295, "typical_volume": 278156.55, "trend": 57.811044, "fair_value": 44.385365, "relative_strength": 11.253157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.679345, "energy": 33.014995, "activity_lines": [ 61.833036, 61.586072, 60.927717, 59.58627 ] }, { "date": "2023-10-06", "close": 60.943523, "volume": 237015, "typical_volume": 270392.1, "trend": 57.990272, "fair_value": 44.536195, "relative_strength": 8.879255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.021675, "energy": 40.200089, "activity_lines": [ 61.526515, 61.471331, 61.008923, 59.788365 ] }, { "date": "2023-10-13", "close": 61.664753, "volume": 99002, "typical_volume": 268220.15, "trend": 58.202278, "fair_value": 44.697785, "relative_strength": 8.110416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.767205, "energy": 32.844125, "activity_lines": [ 61.532526, 61.520506, 61.135709, 60.025428 ] }, { "date": "2023-10-20", "close": 60.402607, "volume": 93531, "typical_volume": 267317.85, "trend": 58.410072, "fair_value": 44.854353, "relative_strength": 7.871854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.494033, "energy": 18.787255, "activity_lines": [ 61.117822, 61.353313, 61.118246, 60.167385 ] }, { "date": "2023-10-27", "close": 58.509392, "volume": 183035, "typical_volume": 271505.2, "trend": 58.560583, "fair_value": 44.99316, "relative_strength": 6.3195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.370916, "energy": 12.179012, "activity_lines": [ 60.168209, 60.841899, 60.905352, 60.173793 ] }, { "date": "2023-11-03", "close": 59.501076, "volume": 22001, "typical_volume": 260909.9, "trend": 58.790748, "fair_value": 45.137812, "relative_strength": 5.590368, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.352222, "energy": 16.39185, "activity_lines": [ 59.801587, 60.538656, 60.782045, 60.23447 ] }, { "date": "2023-11-10", "close": 60.402607, "volume": 35217, "typical_volume": 256142.45, "trend": 59.065525, "fair_value": 45.285942, "relative_strength": 5.938219, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.51529, "energy": 19.26606, "activity_lines": [ 59.867699, 60.423916, 60.745417, 60.338461 ] }, { "date": "2023-11-17", "close": 62.205673, "volume": 199238, "typical_volume": 234784.65, "trend": 59.403317, "fair_value": 45.445886, "relative_strength": 5.502901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.354257, "energy": 17.537154, "activity_lines": [ 60.570894, 60.66651, 60.883692, 60.541051 ] }, { "date": "2023-11-24", "close": 62.205673, "volume": 170005, "typical_volume": 148898.4, "trend": 59.741108, "fair_value": 45.604295, "relative_strength": 4.693439, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.317547, "energy": 26.101766, "activity_lines": [ 61.238028, 60.89927, 61.031957, 60.721848 ] }, { "date": "2023-12-01", "close": 63.017048, "volume": 68873, "typical_volume": 144632.2, "trend": 60.079735, "fair_value": 45.762792, "relative_strength": 4.783151, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.287169, "energy": 49.889965, "activity_lines": [ 62.055416, 61.272996, 61.232538, 60.933199 ] }, { "date": "2023-12-08", "close": 62.926895, "volume": 81360, "typical_volume": 141792.4, "trend": 60.453216, "fair_value": 45.914319, "relative_strength": 4.602139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.254691, "energy": 62.258622, "activity_lines": [ 62.542243, 61.617217, 61.399873, 61.116887 ] }, { "date": "2023-12-15", "close": 63.467815, "volume": 207855, "typical_volume": 138025.3, "trend": 60.699114, "fair_value": 46.067524, "relative_strength": 3.462028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.078151, "energy": 71.856264, "activity_lines": [ 62.980988, 62.03356, 61.599069, 61.311377 ] }, { "date": "2023-12-22", "close": 62.205673, "volume": 140358, "typical_volume": 129828.85, "trend": 60.885466, "fair_value": 46.211104, "relative_strength": 1.596283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.301066, "energy": 61.021689, "activity_lines": [ 62.794672, 62.174527, 61.674626, 61.408575 ] }, { "date": "2023-12-29", "close": 63.377666, "volume": 257894, "typical_volume": 129126.15, "trend": 61.090498, "fair_value": 46.362708, "relative_strength": 1.38449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.017145, "energy": 50.612095, "activity_lines": [ 62.99902, 62.518749, 61.86266, 61.569362 ] }, { "date": "2024-01-05", "close": 63.107204, "volume": 108250, "typical_volume": 131135.65, "trend": 61.277778, "fair_value": 46.502351, "relative_strength": 3.08546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.947394, "energy": 39.796504, "activity_lines": [ 63.035082, 62.759704, 62.010769, 61.699472 ] }, { "date": "2024-01-12", "close": 62.11552, "volume": 84015, "typical_volume": 130886.3, "trend": 61.359194, "fair_value": 46.639217, "relative_strength": 1.2937, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.334611, "energy": 26.555227, "activity_lines": [ 62.734572, 62.736756, 62.049835, 61.75352 ] }, { "date": "2024-01-19", "close": 60.222305, "volume": 328595, "typical_volume": 141865.95, "trend": 61.330906, "fair_value": 46.766503, "relative_strength": -2.896813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.766144, "energy": 9.544381, "activity_lines": [ 61.857081, 62.322052, 61.902586, 61.680172 ] }, { "date": "2024-01-26", "close": 60.222305, "volume": 74106, "typical_volume": 136158.2, "trend": 61.194864, "fair_value": 46.894301, "relative_strength": -4.744368, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.320546, "energy": 16.865128, "activity_lines": [ 61.195959, 61.910627, 61.763922, 61.608649 ] }, { "date": "2024-02-02", "close": 60.763218, "volume": 98206, "typical_volume": 135872.85, "trend": 61.321485, "fair_value": 47.021986, "relative_strength": -4.389053, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.888628, "energy": 24.24583, "activity_lines": [ 60.847365, 61.63361, 61.683642, 61.580801 ] }, { "date": "2024-02-09", "close": 60.763218, "volume": 21010, "typical_volume": 127493.05, "trend": 61.418983, "fair_value": 47.144558, "relative_strength": -4.726028, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.953894, "energy": 26.434295, "activity_lines": [ 60.673067, 61.382819, 61.608514, 61.544784 ] }, { "date": "2024-02-16", "close": 60.943523, "volume": 70144, "typical_volume": 128985.5, "trend": 61.490456, "fair_value": 47.271866, "relative_strength": -7.080755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.598988, "energy": 28.247481, "activity_lines": [ 60.715137, 61.20579, 61.557856, 61.514109 ] }, { "date": "2024-02-23", "close": 61.754906, "volume": 152380, "typical_volume": 124753.75, "trend": 61.4574, "fair_value": 47.401817, "relative_strength": -7.209514, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.763101, "energy": 9.738277, "activity_lines": [ 61.105801, 61.212347, 61.587049, 61.53117 ] }, { "date": "2024-03-01", "close": 61.394291, "volume": 405129, "typical_volume": 140060.1, "trend": 61.424343, "fair_value": 47.528434, "relative_strength": -7.929044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.613235, "energy": 4.34386, "activity_lines": [ 61.274087, 61.184481, 61.578033, 61.527099 ] }, { "date": "2024-03-08", "close": 61.123833, "volume": 135213, "typical_volume": 142144.2, "trend": 61.448384, "fair_value": 47.658432, "relative_strength": -12.034696, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.804107, "energy": 5.625815, "activity_lines": [ 61.274087, 61.122193, 61.544548, 61.507711 ] }, { "date": "2024-03-15", "close": 60.582916, "volume": 130694, "typical_volume": 139527.15, "trend": 61.466415, "fair_value": 47.786495, "relative_strength": -12.116648, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -29.297184, "energy": 12.924283, "activity_lines": [ 61.069741, 61.002536, 61.456112, 61.451874 ] }, { "date": "2024-03-22", "close": 59.771538, "volume": 72171, "typical_volume": 142035.65, "trend": 61.430354, "fair_value": 47.907824, "relative_strength": -15.425263, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.267929, "energy": 40.532331, "activity_lines": [ 60.606956, 60.781251, 61.280528, 61.342528 ] }, { "date": "2024-03-29", "close": 59.771538, "volume": 76008, "typical_volume": 144075.2, "trend": 61.355226, "fair_value": 48.038357, "relative_strength": -15.487583, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.010309, "energy": 51.959282, "activity_lines": [ 60.222303, 60.602584, 61.103657, 61.235507 ] }, { "date": "2024-04-05", "close": 60.582916, "volume": 18083, "typical_volume": 135017.45, "trend": 61.319165, "fair_value": 48.171024, "relative_strength": -14.36032, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.0041, "energy": 48.697109, "activity_lines": [ 60.240334, 60.579637, 61.007064, 61.185681 ] }, { "date": "2024-04-12", "close": 60.041996, "volume": 77168, "typical_volume": 130375.6, "trend": 61.259063, "fair_value": 48.300223, "relative_strength": -16.583196, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.418046, "energy": 48.416619, "activity_lines": [ 60.13215, 60.451783, 60.866683, 61.103283 ] }, { "date": "2024-04-19", "close": 58.509392, "volume": 159232, "typical_volume": 134893.55, "trend": 61.132849, "fair_value": 48.421131, "relative_strength": -13.51436, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.613461, "energy": 60.104653, "activity_lines": [ 59.58522, 60.058388, 60.590642, 60.925885 ] }, { "date": "2024-04-26", "close": 59.861691, "volume": 53016, "typical_volume": 133476.35, "trend": 61.078757, "fair_value": 48.553265, "relative_strength": -13.949617, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.111382, "energy": 42.16126, "activity_lines": [ 59.627292, 59.951843, 60.464857, 60.843874 ] }, { "date": "2024-05-03", "close": 60.943523, "volume": 111001, "typical_volume": 128633.65, "trend": 61.078757, "fair_value": 48.690288, "relative_strength": -13.112518, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.109025, "energy": 28.704959, "activity_lines": [ 60.023964, 60.061665, 60.4567, 60.83515 ] }, { "date": "2024-05-10", "close": 61.123833, "volume": 103566, "typical_volume": 126794.05, "trend": 61.060726, "fair_value": 48.828212, "relative_strength": -14.264377, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.914693, "energy": 16.032229, "activity_lines": [ 60.402607, 60.219024, 60.477736, 60.838058 ] }, { "date": "2024-05-17", "close": 60.312458, "volume": 350751, "typical_volume": 131436.9, "trend": 61.057721, "fair_value": 48.963235, "relative_strength": -17.298346, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.143516, "energy": 16.737501, "activity_lines": [ 60.474731, 60.233776, 60.426649, 60.789782 ] }, { "date": "2024-05-24", "close": 61.033672, "volume": 75011, "typical_volume": 129774.95, "trend": 61.141864, "fair_value": 49.112598, "relative_strength": -17.221879, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.602308, "energy": 15.533737, "activity_lines": [ 60.769229, 60.394411, 60.458846, 60.788231 ] }, { "date": "2024-05-31", "close": 61.213985, "volume": 108958, "typical_volume": 131022.1, "trend": 61.198961, "fair_value": 49.262605, "relative_strength": -15.188864, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.256283, "energy": 10.67725, "activity_lines": [ 60.955545, 60.579635, 60.518089, 60.792884 ] }, { "date": "2024-06-07", "close": 60.49276, "volume": 148058, "typical_volume": 121995.25, "trend": 61.201966, "fair_value": 49.409268, "relative_strength": -18.518593, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.764158, "energy": 9.185108, "activity_lines": [ 60.8113, 60.6075, 60.512938, 60.747322 ] }, { "date": "2024-06-14", "close": 59.861691, "volume": 27580, "typical_volume": 119668.95, "trend": 61.123833, "fair_value": 49.548305, "relative_strength": -21.331791, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.618664, "energy": 14.158979, "activity_lines": [ 60.48675, 60.507513, 60.446396, 60.660853 ] }, { "date": "2024-06-21", "close": 61.033672, "volume": 100778, "typical_volume": 119797.55, "trend": 61.084767, "fair_value": 49.6946, "relative_strength": -21.963284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.263127, "energy": 4.526463, "activity_lines": [ 60.637003, 60.633726, 60.493189, 60.655036 ] }, { "date": "2024-06-28", "close": 60.132145, "volume": 84488, "typical_volume": 122971.45, "trend": 60.988603, "fair_value": 49.836905, "relative_strength": -21.845717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.595236, "energy": 16.329268, "activity_lines": [ 60.438666, 60.577994, 60.452835, 60.593577 ] }, { "date": "2024-07-05", "close": 60.763218, "volume": 63360, "typical_volume": 122632.25, "trend": 60.916481, "fair_value": 49.979932, "relative_strength": -22.408652, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.43273, "energy": 12.016537, "activity_lines": [ 60.510789, 60.607499, 60.475588, 60.579036 ] }, { "date": "2024-07-12", "close": 60.132145, "volume": 57013, "typical_volume": 117863.9, "trend": 60.805292, "fair_value": 50.119936, "relative_strength": -24.005534, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.688356, "energy": 13.938493, "activity_lines": [ 60.402604, 60.505871, 60.439097, 60.528433 ] }, { "date": "2024-07-19", "close": 59.050312, "volume": 91518, "typical_volume": 102183.35, "trend": 60.700113, "fair_value": 50.252494, "relative_strength": -21.557073, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.63463, "energy": 39.898871, "activity_lines": [ 59.95785, 60.222299, 60.307302, 60.415209 ] }, { "date": "2024-07-26", "close": 58.849262, "volume": 97873, "typical_volume": 100316.35, "trend": 60.549166, "fair_value": 50.383507, "relative_strength": -18.713601, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.806708, "energy": 50.898447, "activity_lines": [ 59.500172, 59.939873, 60.167521, 60.295799 ] }, { "date": "2024-08-02", "close": 61.642738, "volume": 281077, "typical_volume": 107835.5, "trend": 60.500351, "fair_value": 50.531149, "relative_strength": -12.522428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.448568, "energy": 19.023333, "activity_lines": [ 60.119279, 60.191955, 60.304616, 60.366352 ] }, { "date": "2024-08-09", "close": 60.525349, "volume": 193018, "typical_volume": 113877.85, "trend": 60.447345, "fair_value": 50.671373, "relative_strength": -13.010807, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.272347, "energy": 13.021775, "activity_lines": [ 60.265217, 60.229802, 60.330247, 60.367965 ] }, { "date": "2024-08-16", "close": 60.804699, "volume": 72498, "typical_volume": 113702.35, "trend": 60.466758, "fair_value": 50.81083, "relative_strength": -15.57839, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.380466, "energy": 5.087266, "activity_lines": [ 60.520129, 60.33096, 60.378893, 60.39102 ] }, { "date": "2024-08-23", "close": 61.456509, "volume": 115133, "typical_volume": 118554.85, "trend": 60.507898, "fair_value": 50.953187, "relative_strength": -13.462443, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.410105, "energy": 22.068998, "activity_lines": [ 60.947475, 60.544958, 60.484697, 60.454875 ] }, { "date": "2024-08-30", "close": 60.990929, "volume": 243774, "typical_volume": 126885.15, "trend": 60.515489, "fair_value": 51.09435, "relative_strength": -14.033082, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.870242, "energy": 24.132648, "activity_lines": [ 61.059214, 60.645307, 60.541999, 60.486038 ] }, { "date": "2024-09-06", "close": 61.456509, "volume": 471248, "typical_volume": 142485.95, "trend": 60.538598, "fair_value": 51.231381, "relative_strength": -9.545217, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.8454, "energy": 39.985227, "activity_lines": [ 61.183369, 60.831085, 60.639124, 60.546749 ] }, { "date": "2024-09-13", "close": 61.177155, "volume": 1295189, "typical_volume": 204594.6, "trend": 60.546386, "fair_value": 51.359648, "relative_strength": -10.842785, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.228054, "energy": 34.358601, "activity_lines": [ 61.226821, 60.941992, 60.69561, 60.587946 ] }, { "date": "2024-09-20", "close": 61.922089, "volume": 161873, "typical_volume": 207138.2, "trend": 60.551959, "fair_value": 51.496714, "relative_strength": -10.832138, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.441712, "energy": 33.186643, "activity_lines": [ 61.475131, 61.180816, 60.816778, 60.676701 ] }, { "date": "2024-09-27", "close": 61.456509, "volume": 786010, "typical_volume": 241260.4, "trend": 60.554033, "fair_value": 51.631867, "relative_strength": -13.508596, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.957288, "energy": 28.417909, "activity_lines": [ 61.493754, 61.302444, 60.888944, 60.73506 ] }, { "date": "2024-10-04", "close": 61.270279, "volume": 200000, "typical_volume": 233722.85, "trend": 60.558914, "fair_value": 51.762877, "relative_strength": -11.243606, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.59936, "energy": 23.715419, "activity_lines": [ 61.450301, 61.346462, 60.941791, 60.781269 ] }, { "date": "2024-10-11", "close": 60.990929, "volume": 1511061, "typical_volume": 305525.35, "trend": 60.572515, "fair_value": 51.896388, "relative_strength": -13.414909, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.858101, "energy": 17.694521, "activity_lines": [ 61.295108, 61.295672, 60.963472, 60.809141 ] }, { "date": "2024-10-18", "close": 61.084042, "volume": 164872, "typical_volume": 308321.05, "trend": 60.616265, "fair_value": 52.032908, "relative_strength": -14.873706, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.369667, "energy": 13.405651, "activity_lines": [ 61.201991, 61.273662, 60.994224, 60.842143 ] }, { "date": "2024-10-25", "close": 60.432236, "volume": 100375, "typical_volume": 305936.9, "trend": 60.638288, "fair_value": 52.162032, "relative_strength": -14.724134, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.144783, "energy": 11.327809, "activity_lines": [ 60.897813, 61.122984, 60.963518, 60.83027 ] }, { "date": "2024-11-01", "close": 59.966656, "volume": 69013, "typical_volume": 308008.55, "trend": 60.617746, "fair_value": 52.288172, "relative_strength": -12.732387, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.9696, "energy": 9.15645, "activity_lines": [ 60.537766, 60.894427, 60.88876, 60.786939 ] }, { "date": "2024-11-08", "close": 61.456509, "volume": 210687, "typical_volume": 313504.0, "trend": 60.664897, "fair_value": 52.42413, "relative_strength": -12.941063, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.641718, "energy": 15.530925, "activity_lines": [ 60.773659, 60.963841, 60.955392, 60.841052 ] }, { "date": "2024-11-15", "close": 61.456509, "volume": 210290, "typical_volume": 319794.1, "trend": 60.763134, "fair_value": 52.559552, "relative_strength": -9.305083, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.819607, "energy": 13.844603, "activity_lines": [ 60.997138, 61.02479, 61.020011, 60.892124 ] }, { "date": "2024-11-22", "close": 62.015205, "volume": 103782, "typical_volume": 321815.2, "trend": 60.834918, "fair_value": 52.697215, "relative_strength": -8.600622, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.345532, "energy": 27.262018, "activity_lines": [ 61.375809, 61.18732, 61.131532, 60.972903 ] }, { "date": "2024-11-29", "close": 61.084042, "volume": 108410, "typical_volume": 324385.05, "trend": 60.839602, "fair_value": 52.827299, "relative_strength": -6.851523, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 42.59358, "energy": 24.730638, "activity_lines": [ 61.382015, 61.16531, 61.14841, 60.988976 ] }, { "date": "2024-12-06", "close": 60.339119, "volume": 30029, "typical_volume": 321310.6, "trend": 60.813444, "fair_value": 52.95234, "relative_strength": -11.088979, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 21.38062, "energy": 11.082498, "activity_lines": [ 61.09646, 61.023097, 61.089809, 60.956686 ] }, { "date": "2024-12-13", "close": 60.525349, "volume": 45238, "typical_volume": 318678.85, "trend": 60.820541, "fair_value": 53.078038, "relative_strength": -9.573511, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 12.946135, "energy": 8.341305, "activity_lines": [ 60.848151, 60.93506, 61.042808, 60.9381 ] }, { "date": "2024-12-20", "close": 57.545635, "volume": 184226, "typical_volume": 313836.3, "trend": 60.704273, "fair_value": 53.184904, "relative_strength": -11.503693, "stage": 3, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -45.874086, "energy": 47.351441, "activity_lines": [ 59.668681, 60.318801, 60.704043, 60.726815 ] }, { "date": "2024-12-27", "close": 59.966656, "volume": 129314, "typical_volume": 310651.1, "trend": 60.662695, "fair_value": 53.306485, "relative_strength": -10.240641, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.9703, "energy": 41.142725, "activity_lines": [ 59.556943, 60.205369, 60.615361, 60.679227 ] }, { "date": "2025-01-03", "close": 59.407955, "volume": 203145, "typical_volume": 317183.45, "trend": 60.626535, "fair_value": 53.424484, "relative_strength": -9.035993, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.276263, "energy": 53.428416, "activity_lines": [ 59.395541, 60.010671, 60.476131, 60.598276 ] }, { "date": "2025-01-10", "close": 58.849262, "volume": 215780, "typical_volume": 322215.8, "trend": 60.592787, "fair_value": 53.538902, "relative_strength": -9.694189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.661291, "energy": 57.579903, "activity_lines": [ 59.159648, 59.733016, 60.290342, 60.483613 ] }, { "date": "2025-01-17", "close": 59.035492, "volume": 155019, "typical_volume": 317778.05, "trend": 60.526181, "fair_value": 53.653172, "relative_strength": -9.4152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.064411, "energy": 36.416075, "activity_lines": [ 59.085155, 59.509538, 60.134705, 60.383143 ] }, { "date": "2025-01-24", "close": 59.501076, "volume": 23000, "typical_volume": 295365.65, "trend": 60.505146, "fair_value": 53.769087, "relative_strength": -9.660797, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.930737, "energy": 30.498731, "activity_lines": [ 59.26518, 59.414729, 60.032721, 60.317007 ] }, { "date": "2025-02-07", "close": 59.128609, "volume": 116678, "typical_volume": 236440.1, "trend": 60.450659, "fair_value": 53.885563, "relative_strength": -9.520213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.575718, "energy": 30.302473, "activity_lines": [ 59.190687, 59.287753, 59.904576, 60.228198 ] }, { "date": "2025-02-14", "close": 58.383682, "volume": 88481, "typical_volume": 232770.5, "trend": 60.392377, "fair_value": 53.995387, "relative_strength": -8.877079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.980621, "energy": 34.200559, "activity_lines": [ 58.923755, 59.077819, 59.71524, 60.094845 ] }, { "date": "2025-02-21", "close": 59.221722, "volume": 67025, "typical_volume": 196821.25, "trend": 60.39809, "fair_value": 54.112997, "relative_strength": -9.327803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.320005, "energy": 28.793442, "activity_lines": [ 59.004454, 59.069353, 59.622567, 60.019319 ] }, { "date": "2025-02-28", "close": 58.942379, "volume": 49475, "typical_volume": 189295.0, "trend": 60.401194, "fair_value": 54.225598, "relative_strength": -6.640235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.479428, "energy": 29.264013, "activity_lines": [ 58.967208, 59.030414, 59.513932, 59.925402 ] }, { "date": "2025-03-07", "close": 58.197449, "volume": 43033, "typical_volume": 115893.6, "trend": 60.286351, "fair_value": 54.335838, "relative_strength": -5.43088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.36017, "energy": 37.918535, "activity_lines": [ 58.68786, 58.884815, 59.345436, 59.783225 ] }, { "date": "2025-03-14", "close": 58.011219, "volume": 78047, "typical_volume": 111552.35, "trend": 60.202547, "fair_value": 54.444347, "relative_strength": -2.816845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.116801, "energy": 37.23782, "activity_lines": [ 58.433344, 58.693504, 59.172507, 59.636442 ] }, { "date": "2025-03-21", "close": 58.197449, "volume": 168287, "typical_volume": 114947.95, "trend": 60.115639, "fair_value": 54.555391, "relative_strength": -3.249721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.920363, "energy": 41.817142, "activity_lines": [ 58.315397, 58.571607, 59.031946, 59.507081 ] }, { "date": "2025-03-28", "close": 58.011219, "volume": 87201, "typical_volume": 115857.35, "trend": 60.000796, "fair_value": 54.663096, "relative_strength": -0.662979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.79543, "energy": 49.135802, "activity_lines": [ 58.147788, 58.437858, 58.884291, 59.371312 ] }, { "date": "2025-04-04", "close": 57.545635, "volume": 85165, "typical_volume": 109581.25, "trend": 59.885953, "fair_value": 54.769157, "relative_strength": 0.122679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.701849, "energy": 52.123594, "activity_lines": [ 57.905686, 58.234696, 58.701606, 59.212914 ] }, { "date": "2025-04-11", "close": 57.638756, "volume": 382536, "typical_volume": 118193.55, "trend": 59.758694, "fair_value": 54.87662, "relative_strength": 9.392582, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.560932, "energy": 37.434059, "activity_lines": [ 57.78774, 58.075552, 58.546413, 59.067934 ] }, { "date": "2025-04-18", "close": 57.17318, "volume": 129178, "typical_volume": 119463.35, "trend": 59.625228, "fair_value": 54.980562, "relative_strength": 9.216437, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.192501, "energy": 40.385181, "activity_lines": [ 57.551848, 57.865619, 58.365059, 58.901126 ] }, { "date": "2025-04-25", "close": 57.452522, "volume": 74024, "typical_volume": 117744.05, "trend": 59.476243, "fair_value": 55.088708, "relative_strength": 7.192298, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.274997, "energy": 37.078672, "activity_lines": [ 57.464939, 57.742029, 58.233366, 58.760952 ] }, { "date": "2025-05-02", "close": 57.731869, "volume": 70592, "typical_volume": 119772.2, "trend": 59.352088, "fair_value": 55.198109, "relative_strength": 3.118318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.878604, "energy": 32.703454, "activity_lines": [ 57.520808, 57.686159, 58.145571, 58.648412 ] }, { "date": "2025-05-09", "close": 58.756145, "volume": 137015, "typical_volume": 124361.05, "trend": 59.268284, "fair_value": 55.312466, "relative_strength": 4.449078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.57748, "energy": 19.85109, "activity_lines": [ 57.936726, 57.84361, 58.167742, 58.609964 ] }, { "date": "2025-05-16", "close": 58.569916, "volume": 93704, "typical_volume": 119834.95, "trend": 59.187583, "fair_value": 55.427775, "relative_strength": -0.115377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.499782, "energy": 14.461016, "activity_lines": [ 58.209866, 57.970586, 58.180601, 58.564908 ] }, { "date": "2025-05-23", "close": 58.569916, "volume": 104480, "typical_volume": 118593.25, "trend": 59.103779, "fair_value": 55.542816, "relative_strength": 0.863236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.183497, "energy": 14.245406, "activity_lines": [ 58.420929, 58.090791, 58.188582, 58.525058 ] }, { "date": "2025-05-30", "close": 58.383682, "volume": 107246, "typical_volume": 113798.3, "trend": 59.035494, "fair_value": 55.657467, "relative_strength": 2.048426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.056924, "energy": 14.043587, "activity_lines": [ 58.476799, 58.166977, 58.185478, 58.4786 ] }, { "date": "2025-06-06", "close": 58.011219, "volume": 98536, "typical_volume": 107936.1, "trend": 58.970313, "fair_value": 55.767854, "relative_strength": 0.083321, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.290273, "energy": 8.833795, "activity_lines": [ 58.346437, 58.172056, 58.151779, 58.412518 ] }, { "date": "2025-06-13", "close": 57.638756, "volume": 127004, "typical_volume": 106535.35, "trend": 58.843054, "fair_value": 55.877194, "relative_strength": -2.307005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.404735, "energy": 13.666548, "activity_lines": [ 58.073297, 58.109414, 58.086598, 58.326611 ] }, { "date": "2025-06-20", "close": 58.011219, "volume": 284562, "typical_volume": 119613.45, "trend": 58.728211, "fair_value": 55.986508, "relative_strength": -1.534126, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.422142, "energy": 14.436005, "activity_lines": [ 57.998804, 58.1128, 58.063541, 58.272944 ] }, { "date": "2025-06-27", "close": 60.897812, "volume": 301603, "typical_volume": 128859.7, "trend": 58.690965, "fair_value": 56.113253, "relative_strength": 0.866955, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.241737, "energy": 18.534784, "activity_lines": [ 58.923755, 58.634249, 58.322492, 58.412919 ] }, { "date": "2025-07-04", "close": 61.177155, "volume": 317174, "typical_volume": 140294.35, "trend": 58.694068, "fair_value": 56.239911, "relative_strength": 1.401319, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.042396, "energy": 40.510762, "activity_lines": [ 59.786627, 59.138767, 58.599622, 58.573318 ] }, { "date": "2025-07-11", "close": 61.456509, "volume": 84356, "typical_volume": 141160.9, "trend": 58.731315, "fair_value": 56.368897, "relative_strength": 0.864778, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.357691, "energy": 69.112049, "activity_lines": [ 60.556386, 59.626356, 58.890055, 58.75154 ] }, { "date": "2025-07-18", "close": 62.946362, "volume": 573524, "typical_volume": 167363.35, "trend": 58.812015, "fair_value": 56.502069, "relative_strength": 0.389135, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.605067, "energy": 80.159271, "activity_lines": [ 61.593077, 60.317107, 59.311738, 59.023479 ] }, { "date": "2025-07-25", "close": 62.486816, "volume": 862190, "typical_volume": 208321.2, "trend": 58.976721, "fair_value": 56.633368, "relative_strength": -0.329813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.748523, "energy": 78.629478, "activity_lines": [ 62.122745, 60.848118, 59.670587, 59.260563 ] }, { "date": "2025-08-01", "close": 59.987348, "volume": 405166, "typical_volume": 224677.15, "trend": 58.977411, "fair_value": 56.754277, "relative_strength": -4.533494, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.901781, "energy": 61.769438, "activity_lines": [ 61.520884, 60.853464, 59.770966, 59.325764 ] }, { "date": "2025-08-08", "close": 60.275745, "volume": 88268, "typical_volume": 220676.2, "trend": 59.006337, "fair_value": 56.870432, "relative_strength": -6.189698, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.137886, "energy": 37.885814, "activity_lines": [ 61.075853, 60.885475, 59.889401, 59.409528 ] }, { "date": "2025-08-15", "close": 59.410542, "volume": 51817, "typical_volume": 218907.0, "trend": 59.025047, "fair_value": 56.97768, "relative_strength": -8.477822, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.71061, "energy": 19.0571, "activity_lines": [ 60.402515, 60.725774, 59.915539, 59.435605 ] }, { "date": "2025-08-22", "close": 59.314411, "volume": 118140, "typical_volume": 220555.75, "trend": 59.034344, "fair_value": 57.082352, "relative_strength": -6.282405, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.815127, "energy": 21.350051, "activity_lines": [ 59.833531, 60.523153, 59.925859, 59.454274 ] }, { "date": "2025-08-29", "close": 59.410542, "volume": 226432, "typical_volume": 212750.55, "trend": 59.031326, "fair_value": 57.189321, "relative_strength": -7.731317, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.683832, "energy": 18.821436, "activity_lines": [ 59.538721, 60.307544, 59.936911, 59.478545 ] }, { "date": "2025-09-05", "close": 59.410542, "volume": 202162, "typical_volume": 216399.75, "trend": 59.040724, "fair_value": 57.293489, "relative_strength": -8.508707, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.644648, "energy": 16.906236, "activity_lines": [ 59.448996, 60.066493, 59.939526, 59.50301 ] }, { "date": "2025-09-12", "close": 59.026012, "volume": 88426, "typical_volume": 217119.85, "trend": 59.062135, "fair_value": 57.397433, "relative_strength": -12.247817, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.339439, "energy": 11.27996, "activity_lines": [ 59.269548, 59.782568, 59.894865, 59.502061 ] }, { "date": "2025-09-19", "close": 59.60281, "volume": 149873, "typical_volume": 221083.9, "trend": 59.074838, "fair_value": 57.502274, "relative_strength": -11.439216, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.129276, "energy": 9.618637, "activity_lines": [ 59.365681, 59.642628, 59.897645, 59.536944 ] }, { "date": "2025-09-26", "close": 59.410542, "volume": 100593, "typical_volume": 219262.8, "trend": 59.090443, "fair_value": 57.604482, "relative_strength": -11.426151, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.842224, "energy": 9.389385, "activity_lines": [ 59.384907, 59.501433, 59.873204, 59.558602 ] }, { "date": "2025-10-03", "close": 59.50668, "volume": 98002, "typical_volume": 219477.7, "trend": 59.134084, "fair_value": 57.708426, "relative_strength": -14.904374, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.409353, "energy": 8.642234, "activity_lines": [ 59.429771, 59.442006, 59.854803, 59.585456 ] }, { "date": "2025-10-10", "close": 59.218277, "volume": 71001, "typical_volume": 217803.75, "trend": 59.17432, "fair_value": 57.809682, "relative_strength": -16.639683, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.457688, "energy": 6.401788, "activity_lines": [ 59.372091, 59.384326, 59.804474, 59.590888 ] }, { "date": "2025-10-17", "close": 56.526535, "volume": 226018, "typical_volume": 223742.35, "trend": 59.118622, "fair_value": 57.897603, "relative_strength": -20.07996, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.874971, "energy": 43.005637, "activity_lines": [ 58.429981, 58.851221, 59.494701, 59.420063 ] }, { "date": "2025-10-24", "close": 54.796131, "volume": 1070087, "typical_volume": 272319.9, "trend": 59.011453, "fair_value": 57.971072, "relative_strength": -22.823637, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.78066, "energy": 64.678473, "activity_lines": [ 57.077702, 58.071665, 59.028971, 59.141192 ] }, { "date": "2025-10-31", "close": 55.084534, "volume": 279323, "typical_volume": 279935.85, "trend": 58.929416, "fair_value": 58.047229, "relative_strength": -23.982742, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.077248, "energy": 84.307854, "activity_lines": [ 56.142002, 57.428444, 58.606019, 58.887843 ] }, { "date": "2025-11-07", "close": 54.892265, "volume": 216159, "typical_volume": 276515.7, "trend": 58.837866, "fair_value": 58.115713, "relative_strength": -22.276893, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.086812, "energy": 87.129326, "activity_lines": [ 55.430613, 56.827172, 58.176918, 58.627381 ] }, { "date": "2025-11-14", "close": 54.796131, "volume": 331902, "typical_volume": 278030.65, "trend": 58.758631, "fair_value": 58.182461, "relative_strength": -21.333163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.623237, "energy": 86.855331, "activity_lines": [ 54.994808, 56.290572, 57.753513, 58.366624 ] }, { "date": "2025-11-21", "close": 54.796131, "volume": 406122, "typical_volume": 282478.05, "trend": 58.670085, "fair_value": 58.248649, "relative_strength": -18.07872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.227988, "energy": 85.360617, "activity_lines": [ 54.853812, 55.83787, 57.359164, 58.110979 ] }, { "date": "2025-11-28", "close": 54.892265, "volume": 303061, "typical_volume": 293413.3, "trend": 58.575432, "fair_value": 58.318254, "relative_strength": -21.042047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.307145, "energy": 76.599652, "activity_lines": [ 54.86022, 55.479554, 57.004357, 57.867249 ] }, { "date": "2025-12-05", "close": 57.10334, "volume": 529264, "typical_volume": 291200.3, "trend": 58.520338, "fair_value": 58.399791, "relative_strength": -18.463932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.54798, "energy": 47.535801, "activity_lines": [ 55.597245, 55.608898, 56.891386, 57.772275 ] }, { "date": "2025-12-12", "close": 56.814938, "volume": 260642, "typical_volume": 261122.9, "trend": 58.461839, "fair_value": 58.47556, "relative_strength": -19.135869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.32932, "energy": 31.120787, "activity_lines": [ 56.103549, 55.727754, 56.778773, 57.662249 ] }, { "date": "2025-12-19", "close": 56.238136, "volume": 556020, "typical_volume": 268665.6, "trend": 58.384113, "fair_value": 58.548191, "relative_strength": -18.128694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.228722, "energy": 21.955832, "activity_lines": [ 56.289408, 55.790678, 56.638234, 57.518785 ] }, { "date": "2025-12-26", "close": 54.507732, "volume": 243321, "typical_volume": 276418.25, "trend": 58.254915, "fair_value": 58.61029, "relative_strength": -22.648256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.531183, "energy": 26.402248, "activity_lines": [ 55.802331, 55.593167, 56.350749, 57.268696 ] }, { "date": "2026-01-02", "close": 55.180668, "volume": 272886, "typical_volume": 287471.7, "trend": 58.160563, "fair_value": 58.672782, "relative_strength": -23.395512, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.297133, "energy": 28.316276, "activity_lines": [ 55.558793, 55.554714, 56.15482, 57.070357 ] }, { "date": "2026-01-09", "close": 55.084534, "volume": 316191, "typical_volume": 297374.25, "trend": 58.075422, "fair_value": 58.737459, "relative_strength": -25.447533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.659114, "energy": 35.384842, "activity_lines": [ 55.263983, 55.49179, 55.969878, 56.871904 ] }, { "date": "2026-01-16", "close": 55.661335, "volume": 255369, "typical_volume": 298821.1, "trend": 57.997093, "fair_value": 58.801912, "relative_strength": -26.900068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.459232, "energy": 35.407798, "activity_lines": [ 55.296028, 55.53374, 55.860011, 56.716156 ] }, { "date": "2026-01-23", "close": 56.238136, "volume": 529430, "typical_volume": 315184.5, "trend": 57.84177, "fair_value": 58.868383, "relative_strength": -26.961844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.565117, "energy": 27.968781, "activity_lines": [ 55.597246, 55.666579, 55.822931, 56.602675 ] }, { "date": "2026-01-30", "close": 55.276802, "volume": 293257, "typical_volume": 325426.05, "trend": 57.645092, "fair_value": 58.930931, "relative_strength": -27.976298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.088164, "energy": 26.672699, "activity_lines": [ 55.57802, 55.598412, 55.709402, 56.437193 ] }, { "date": "2026-02-06", "close": 54.9884, "volume": 120806, "typical_volume": 323972.7, "trend": 57.429488, "fair_value": 58.976509, "relative_strength": -27.258294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.534477, "energy": 26.631013, "activity_lines": [ 55.411388, 55.469068, 55.586259, 56.265794 ] }, { "date": "2026-02-13", "close": 54.9884, "volume": 94411, "typical_volume": 323663.6, "trend": 57.164223, "fair_value": 59.021527, "relative_strength": -30.707786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.26255, "energy": 27.583396, "activity_lines": [ 55.257574, 55.337977, 55.48509, 56.108304 ] }, { "date": "2026-02-27", "close": 56.622673, "volume": 274864, "typical_volume": 332506.7, "trend": 56.968751, "fair_value": 59.0619, "relative_strength": -31.794541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.362682, "energy": 15.317425, "activity_lines": [ 55.654927, 55.54248, 55.560624, 56.073365 ] }, { "date": "2026-03-06", "close": 56.814938, "volume": 735334, "typical_volume": 365723.35, "trend": 56.863004, "fair_value": 59.093424, "relative_strength": -27.350131, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.700602, "energy": 6.031304, "activity_lines": [ 56.052279, 55.785435, 55.668202, 56.063442 ] }, { "date": "2026-03-13", "close": 54.700001, "volume": 3720980, "typical_volume": 540471.45, "trend": 56.677146, "fair_value": 59.10971, "relative_strength": -29.086497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.011009, "energy": 11.614486, "activity_lines": [ 55.706198, 55.63337, 55.585802, 55.923893 ] }, { "date": "2026-03-20", "close": 54.507732, "volume": 898183, "typical_volume": 531876.25, "trend": 56.513719, "fair_value": 59.102922, "relative_strength": -29.037978, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.995699, "energy": 18.684296, "activity_lines": [ 55.334482, 55.44285, 55.493788, 55.783931 ] }, { "date": "2026-03-27", "close": 54.411598, "volume": 462053, "typical_volume": 541012.75, "trend": 56.350292, "fair_value": 59.097198, "relative_strength": -27.646713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.610318, "energy": 24.794878, "activity_lines": [ 54.962765, 55.247087, 55.393992, 55.648311 ] }, { "date": "2026-04-03", "close": 54.315464, "volume": 360429, "typical_volume": 548226.25, "trend": 56.180456, "fair_value": 59.098138, "relative_strength": -25.938516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.605037, "energy": 39.009108, "activity_lines": [ 54.597457, 55.04608, 55.288245, 55.517031 ] }, { "date": "2026-04-10", "close": 54.507732, "volume": 200508, "typical_volume": 541656.55, "trend": 56.017029, "fair_value": 59.101431, "relative_strength": -30.961638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.943806, "energy": 40.465748, "activity_lines": [ 54.450052, 54.904502, 55.203556, 55.409114 ] }, { "date": "2026-04-17", "close": 55.276802, "volume": 282344, "typical_volume": 535467.65, "trend": 55.892055, "fair_value": 59.118615, "relative_strength": -31.77189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.64163, "energy": 29.668835, "activity_lines": [ 54.712817, 54.934216, 55.193485, 55.361357 ] }, { "date": "2026-04-24", "close": 54.219334, "volume": 253569, "typical_volume": 532993.05, "trend": 55.712606, "fair_value": 59.13182, "relative_strength": -35.863789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.048976, "energy": 25.271563, "activity_lines": [ 54.58464, 54.771663, 55.080414, 55.25344 ] }, { "date": "2026-05-01", "close": 54.219334, "volume": 134181, "typical_volume": 513238.9, "trend": 55.539566, "fair_value": 59.145586, "relative_strength": -34.991732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.876958, "energy": 24.055293, "activity_lines": [ 54.475689, 54.623093, 54.970547, 55.157099 ] }, { "date": "2026-05-08", "close": 54.892265, "volume": 234499, "typical_volume": 511931.75, "trend": 55.385752, "fair_value": 59.163665, "relative_strength": -37.603823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.575422, "energy": 20.090142, "activity_lines": [ 54.603867, 54.610858, 54.938503, 55.115338 ] }, { "date": "2026-05-15", "close": 54.123196, "volume": 173034, "typical_volume": 492782.45, "trend": 55.215916, "fair_value": 59.171773, "relative_strength": -36.976405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.618255, "energy": 24.577773, "activity_lines": [ 54.437234, 54.490253, 54.842369, 55.033883 ] }, { "date": "2026-05-22", "close": 53.45026, "volume": 270170, "typical_volume": 494124.9, "trend": 55.113374, "fair_value": 59.182849, "relative_strength": -38.570894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.779083, "energy": 33.163147, "activity_lines": [ 54.071925, 54.296238, 54.692217, 54.919969 ] }, { "date": "2026-05-29", "close": 53.35413, "volume": 219203, "typical_volume": 491440.75, "trend": 55.065307, "fair_value": 59.165306, "relative_strength": -41.230004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.529919, "energy": 37.770852, "activity_lines": [ 53.796343, 54.107467, 54.537946, 54.80647 ] }, { "date": "2026-06-05", "close": 53.546398, "volume": 265848, "typical_volume": 488923.6, "trend": 55.014036, "fair_value": 59.145634, "relative_strength": -40.589707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.527459, "energy": 44.258383, "activity_lines": [ 53.64253, 53.974628, 54.410683, 54.708476 ] }, { "date": "2026-06-12", "close": 53.45026, "volume": 320235, "typical_volume": 492166.9, "trend": 54.965969, "fair_value": 59.121427, "relative_strength": -38.618867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.003028, "energy": 58.234413, "activity_lines": [ 53.501533, 53.84004, 54.281589, 54.607587 ] }, { "date": "2026-06-19", "close": 53.35413, "volume": 173009, "typical_volume": 474345.85, "trend": 54.917902, "fair_value": 59.094922, "relative_strength": -40.91385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.822414, "energy": 57.532627, "activity_lines": [ 53.424627, 53.703706, 54.153869, 54.503597 ] }, { "date": "2026-06-26", "close": 53.065727, "volume": 400310, "typical_volume": 479698.5, "trend": 54.860222, "fair_value": 59.052568, "relative_strength": -37.850667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.676627, "energy": 53.159913, "activity_lines": [ 53.302857, 53.535908, 54.012415, 54.384102 ] }, { "date": "2026-07-03", "close": 52.873463, "volume": 121710, "typical_volume": 479743.7, "trend": 54.792929, "fair_value": 59.00002, "relative_strength": -40.056958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.209507, "energy": 51.805366, "activity_lines": [ 53.142635, 53.373356, 53.863179, 54.255924 ] }, { "date": "2026-07-10", "close": 53.257996, "volume": 0, "typical_volume": 475023.15, "trend": 54.66475, "fair_value": 58.929215, "relative_strength": -36.729487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.624329, "energy": 37.407237, "activity_lines": [ 53.142636, 53.305188, 53.760637, 54.156896 ] }, { "date": "2026-07-17", "close": 55.0, "volume": 428038, "typical_volume": 482681.85, "trend": 54.604253, "fair_value": 58.916621, "relative_strength": -29.519711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.214607, "energy": 14.528307, "activity_lines": [ 53.74253, 53.571228, 53.83224, 54.178525 ] }, { "date": "2026-07-24", "close": 55.099998, "volume": 213171, "typical_volume": 456573.7, "trend": 54.566315, "fair_value": 58.899068, "relative_strength": -29.928891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.077777, "energy": 12.292649, "activity_lines": [ 54.272442, 53.85349, 53.921093, 54.210509 ] }, { "date": "2026-07-31", "close": 56.200001, "volume": 258575, "typical_volume": 283453.45, "trend": 54.622724, "fair_value": 58.882406, "relative_strength": -26.568205, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.171388, "energy": 29.261082, "activity_lines": [ 55.05263, 54.317993, 54.122875, 54.315908 ] }, { "date": "2026-08-07", "close": 55.099998, "volume": 134892, "typical_volume": 245288.9, "trend": 54.620035, "fair_value": 58.833389, "relative_strength": -28.792465, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.958391, "energy": 27.948684, "activity_lines": [ 55.257199, 54.5325, 54.212752, 54.3467 ] }, { "date": "2026-08-14", "close": 55.099998, "volume": 107003, "typical_volume": 227536.4, "trend": 54.62055, "fair_value": 58.786684, "relative_strength": -30.254761, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.977727, "energy": 34.71927, "activity_lines": [ 55.313332, 54.715263, 54.299808, 54.377665 ] } ], "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." } } }