{ "ticker": { "uuid": "e91c54c1-30c4-4537-b77e-27f15d3d3c77", "symbol": "ORIENTCEM", "name": "Orient Cement Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -42.172, "architecture_energy": 22.971, "architecture_maturity": 100.0, "architecture_confidence": 82.805, "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": 51.43, "rotation_up": 23.28, "upward_expansion": 4.05, "deceleration": 51.35, "rotation_down": 36.45, "downward_expansion": 68.05 }, "activity_lines": [ 136.297332, 136.607026, 137.149272, 138.436931 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 136.729996, "trend_reference": 142.566086, "distance_from_trend": -0.040936, "trend_direction": "Weakening", "fair_value": 239.430514, "distance_from_fair_value": -0.428937, "fair_value_direction": "Weakening", "relative_strength": -17.193042, "relative_strength_direction": "Improving", "price_momentum": -0.15734, "excess_performance": -0.113631, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.040936, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.07965, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.428937, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.016835, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.17193, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.10682, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.15734, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.879434, "read": "Supply-led" } ], "volume": { "latest": 1084233, "relative_activity": 0.931601, "balance": 0.879434, "dry_up": 1.082859, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.049613, "annualized_volatility": 0.253592, "from_high_reference": -0.44048, "from_low_reference": 0.117806 }, "levels": { "trend_reference": 142.566086, "fair_value_reference": 239.430514, "structural_low": 122.32, "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": 23, "median_return": -0.011935, "positive_rate": 0.347826, "directional_follow_through": 0.608696, "median_excess_return": -0.01234, "regime_survival": 0.869565, "best_return": 0.120815, "worst_return": -0.215156, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.004799, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.012717, "regime_survival": 0.625, "best_return": 0.596465, "worst_return": -0.295555, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.110079, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.124182, "regime_survival": 0.4, "best_return": 0.669506, "worst_return": -0.292517, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.223355, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.171929, "regime_survival": 0.5, "best_return": 0.87352, "worst_return": -0.446447, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-06", "end": "2023-10-20", "tenure": "New", "return": 0.158015, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-10-27", "end": "2024-02-23", "tenure": "Established", "return": 0.228334, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-01", "end": "2024-03-22", "tenure": "New", "return": -0.126257, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-03-29", "end": "2024-05-10", "tenure": "Developing", "return": 0.111849, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-06-07", "tenure": "New", "return": 0.04753, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": 0.14999, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-05", "end": "2024-07-26", "tenure": "New", "return": 0.129717, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-09-06", "tenure": "Developing", "return": -0.133174, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-13", "end": "2024-10-25", "tenure": "Developing", "return": 0.176348, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-01", "end": "2025-01-24", "tenure": "Established", "return": -0.038528, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-04-04", "tenure": "Developing", "return": 0.027297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": -0.01104, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.209175, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-08-07", "tenure": "Extended", "return": -0.434832, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 187.154251, "volume": 6410078, "typical_volume": 4789823.85, "trend": 129.349512, "fair_value": 121.195002, "relative_strength": 38.16102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.365258, "energy": 95.352293, "activity_lines": [ 172.395553, 158.174577, 145.727512, 137.9666 ] }, { "date": "2023-08-25", "close": 179.971237, "volume": 5367537, "typical_volume": 4938338.45, "trend": 131.363974, "fair_value": 121.929388, "relative_strength": 32.21252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.671832, "energy": 89.298279, "activity_lines": [ 177.999638, 163.788259, 149.824917, 141.232517 ] }, { "date": "2023-09-01", "close": 198.003052, "volume": 9734798, "typical_volume": 5370340.25, "trend": 134.039918, "fair_value": 122.806345, "relative_strength": 42.806016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.6878, "energy": 94.115348, "activity_lines": [ 186.975908, 171.926002, 155.351858, 145.531813 ] }, { "date": "2023-09-08", "close": 186.510239, "volume": 5885273, "typical_volume": 5560816.6, "trend": 136.219874, "fair_value": 123.632064, "relative_strength": 31.088626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.676426, "energy": 80.648658, "activity_lines": [ 188.504974, 176.743369, 159.403806, 148.916995 ] }, { "date": "2023-09-15", "close": 179.228165, "volume": 5470856, "typical_volume": 5697155.85, "trend": 138.247281, "fair_value": 124.402312, "relative_strength": 23.099594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.785296, "energy": 61.569355, "activity_lines": [ 185.552511, 179.231009, 162.452206, 151.691723 ] }, { "date": "2023-09-22", "close": 165.060349, "volume": 3671979, "typical_volume": 5805190.4, "trend": 139.9746, "fair_value": 125.07416, "relative_strength": 16.0694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.193989, "energy": 49.732259, "activity_lines": [ 178.514831, 178.318563, 163.895159, 153.421599 ] }, { "date": "2023-09-29", "close": 176.602676, "volume": 5756377, "typical_volume": 5979388.75, "trend": 142.139135, "fair_value": 125.837279, "relative_strength": 23.8985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.126234, "energy": 34.976495, "activity_lines": [ 176.79752, 179.072359, 166.234426, 155.7847 ] }, { "date": "2023-10-06", "close": 172.738724, "volume": 3012493, "typical_volume": 5996723.4, "trend": 144.173233, "fair_value": 126.588968, "relative_strength": 20.595507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.823073, "energy": 26.254656, "activity_lines": [ 174.016796, 178.465297, 167.966987, 157.758867 ] }, { "date": "2023-10-13", "close": 186.708405, "volume": 7836727, "typical_volume": 6171236.95, "trend": 146.751693, "fair_value": 127.437178, "relative_strength": 28.892909, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.161176, "energy": 30.491741, "activity_lines": [ 177.576921, 179.871273, 170.785321, 160.503072 ] }, { "date": "2023-10-20", "close": 200.034103, "volume": 25005317, "typical_volume": 7088079.4, "trend": 149.733351, "fair_value": 128.319879, "relative_strength": 38.378219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.426396, "energy": 45.676447, "activity_lines": [ 185.565734, 183.136272, 174.57071, 163.940647 ] }, { "date": "2023-10-27", "close": 195.872925, "volume": 7103011, "typical_volume": 7187808.5, "trend": 152.656649, "fair_value": 129.183787, "relative_strength": 37.765467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.887168, "energy": 45.749033, "activity_lines": [ 190.780425, 185.440236, 177.64816, 166.917393 ] }, { "date": "2023-11-03", "close": 202.907318, "volume": 4467209, "typical_volume": 7274905.55, "trend": 155.435647, "fair_value": 130.091272, "relative_strength": 40.109881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.528211, "energy": 57.528614, "activity_lines": [ 196.285742, 188.86466, 181.107477, 170.159372 ] }, { "date": "2023-11-10", "close": 211.328751, "volume": 9644784, "typical_volume": 7588051.55, "trend": 158.542911, "fair_value": 131.03546, "relative_strength": 42.945764, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.077599, "energy": 76.50165, "activity_lines": [ 202.844561, 193.403234, 185.062022, 173.765379 ] }, { "date": "2023-11-17", "close": 220.493271, "volume": 5024756, "typical_volume": 7723261.3, "trend": 161.845797, "fair_value": 132.024753, "relative_strength": 45.201685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.178029, "energy": 83.163406, "activity_lines": [ 209.885551, 199.365799, 189.503577, 177.762176 ] }, { "date": "2023-11-24", "close": 226.487366, "volume": 6033558, "typical_volume": 7781319.35, "trend": 165.214027, "fair_value": 133.042162, "relative_strength": 46.872771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.053614, "energy": 85.809339, "activity_lines": [ 216.672249, 205.800325, 194.090773, 181.9326 ] }, { "date": "2023-12-01", "close": 244.568695, "volume": 14615872, "typical_volume": 8274156.7, "trend": 169.284992, "fair_value": 134.133943, "relative_strength": 52.943406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.908037, "energy": 91.358967, "activity_lines": [ 227.722505, 214.663108, 199.959116, 187.052256 ] }, { "date": "2023-12-08", "close": 239.020447, "volume": 5541742, "typical_volume": 8378463.4, "trend": 173.036556, "fair_value": 135.190159, "relative_strength": 42.887106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.218334, "energy": 86.620015, "activity_lines": [ 233.67696, 221.071513, 204.807205, 191.551318 ] }, { "date": "2023-12-15", "close": 250.760941, "volume": 8665450, "typical_volume": 8712290.85, "trend": 177.350004, "fair_value": 136.273734, "relative_strength": 44.846785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.322977, "energy": 87.537634, "activity_lines": [ 241.137372, 228.479684, 210.303791, 196.565794 ] }, { "date": "2023-12-22", "close": 239.565369, "volume": 4156534, "typical_volume": 8577599.95, "trend": 181.226316, "fair_value": 137.302217, "relative_strength": 37.563561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.832948, "energy": 72.383787, "activity_lines": [ 242.237114, 232.43371, 214.2246, 200.579689 ] }, { "date": "2023-12-29", "close": 248.779419, "volume": 5110569, "typical_volume": 7425746.0, "trend": 185.032622, "fair_value": 138.366118, "relative_strength": 38.77658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.742005, "energy": 64.139542, "activity_lines": [ 245.136732, 237.101983, 218.623567, 204.937953 ] }, { "date": "2024-01-05", "close": 276.768372, "volume": 12564840, "typical_volume": 7733484.1, "trend": 189.745656, "fair_value": 139.600643, "relative_strength": 52.682728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.529696, "energy": 70.666077, "activity_lines": [ 255.879865, 245.972878, 225.40248, 210.856389 ] }, { "date": "2024-01-12", "close": 280.879974, "volume": 4648796, "typical_volume": 7697547.05, "trend": 194.492441, "fair_value": 140.903664, "relative_strength": 51.721628, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.596464, "energy": 71.352221, "activity_lines": [ 265.846886, 254.12051, 232.14624, 216.736022 ] }, { "date": "2024-01-19", "close": 266.613068, "volume": 3015798, "typical_volume": 7361597.05, "trend": 199.035859, "fair_value": 142.117353, "relative_strength": 44.13398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.588377, "energy": 70.625768, "activity_lines": [ 268.267637, 258.256475, 237.05073, 221.388966 ] }, { "date": "2024-01-26", "close": 272.111755, "volume": 3392884, "typical_volume": 7236977.6, "trend": 203.733051, "fair_value": 143.34901, "relative_strength": 46.998099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.909351, "energy": 63.04213, "activity_lines": [ 271.464475, 262.387032, 242.152189, 226.10354 ] }, { "date": "2024-02-02", "close": 277.313263, "volume": 3864318, "typical_volume": 7156650.7, "trend": 208.513441, "fair_value": 144.565807, "relative_strength": 44.419448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.883186, "energy": 61.253444, "activity_lines": [ 274.225391, 266.5248, 247.341404, 230.85065 ] }, { "date": "2024-02-09", "close": 261.263, "volume": 3738795, "typical_volume": 7159991.5, "trend": 212.51286, "fair_value": 145.702273, "relative_strength": 34.966635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.02025, "energy": 49.786832, "activity_lines": [ 269.733962, 266.820231, 250.534951, 234.253848 ] }, { "date": "2024-02-16", "close": 267.523712, "volume": 2528046, "typical_volume": 6998574.95, "trend": 216.750485, "fair_value": 146.857231, "relative_strength": 34.964138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.622558, "energy": 43.768978, "activity_lines": [ 268.363128, 267.95044, 253.866648, 237.802935 ] }, { "date": "2024-02-23", "close": 240.597458, "volume": 4417470, "typical_volume": 7068823.8, "trend": 219.978432, "fair_value": 147.839889, "relative_strength": 19.330648, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.329453, "energy": 26.511181, "activity_lines": [ 258.907295, 263.666726, 254.200983, 239.341449 ] }, { "date": "2024-03-01", "close": 232.151962, "volume": 4359902, "typical_volume": 6894982.55, "trend": 222.526909, "fair_value": 148.692511, "relative_strength": 13.519172, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.533994, "energy": 19.881547, "activity_lines": [ 248.370669, 258.032257, 253.407848, 240.126838 ] }, { "date": "2024-03-08", "close": 224.401962, "volume": 3589417, "typical_volume": 5824187.55, "trend": 223.714008, "fair_value": 149.507952, "relative_strength": 8.165342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.189076, "energy": 16.998874, "activity_lines": [ 237.914697, 251.123487, 251.66022, 240.247809 ] }, { "date": "2024-03-15", "close": 204.87796, "volume": 4228736, "typical_volume": 5680473.8, "trend": 224.304798, "fair_value": 150.225061, "relative_strength": 0.255048, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.037452, "energy": 32.271423, "activity_lines": [ 224.478144, 241.108125, 247.937125, 239.03258 ] }, { "date": "2024-03-22", "close": 202.841095, "volume": 2718151, "typical_volume": 5593020.9, "trend": 225.067127, "fair_value": 150.940392, "relative_strength": -1.612476, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.419781, "energy": 52.495396, "activity_lines": [ 214.121639, 232.029522, 243.977162, 237.647825 ] }, { "date": "2024-03-29", "close": 194.544632, "volume": 3908699, "typical_volume": 5306216.65, "trend": 224.951846, "fair_value": 151.568097, "relative_strength": -7.084733, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.570878, "energy": 64.160395, "activity_lines": [ 205.31182, 222.86136, 239.227376, 235.678632 ] }, { "date": "2024-04-05", "close": 215.708069, "volume": 5521030, "typical_volume": 5331030.35, "trend": 225.925107, "fair_value": 152.295802, "relative_strength": 1.587213, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.780659, "energy": 57.957697, "activity_lines": [ 206.626669, 218.85143, 236.573079, 235.08226 ] }, { "date": "2024-04-12", "close": 208.057419, "volume": 2017891, "typical_volume": 5130247.0, "trend": 226.886082, "fair_value": 152.977512, "relative_strength": -2.56, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.155875, "energy": 47.273523, "activity_lines": [ 206.487561, 214.475995, 233.212935, 233.929505 ] }, { "date": "2024-04-19", "close": 197.127945, "volume": 2185260, "typical_volume": 4508716.4, "trend": 227.955002, "fair_value": 153.600135, "relative_strength": -6.507798, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.438813, "energy": 40.213451, "activity_lines": [ 203.794931, 209.372581, 228.899651, 232.009626 ] }, { "date": "2024-04-26", "close": 227.631134, "volume": 19065060, "typical_volume": 5184882.3, "trend": 229.65595, "fair_value": 154.417682, "relative_strength": 5.9578, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.327, "energy": 19.591006, "activity_lines": [ 211.786698, 210.981292, 227.717341, 231.988731 ] }, { "date": "2024-05-03", "close": 218.241714, "volume": 4994322, "typical_volume": 5001325.9, "trend": 231.172717, "fair_value": 155.096703, "relative_strength": 0.741387, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.8676, "energy": 15.950593, "activity_lines": [ 214.99599, 211.608156, 225.695035, 231.252329 ] }, { "date": "2024-05-10", "close": 216.304214, "volume": 4422866, "typical_volume": 5014642.5, "trend": 232.159244, "fair_value": 155.760562, "relative_strength": 1.165648, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -37.455752, "energy": 21.399339, "activity_lines": [ 215.979642, 212.289215, 223.643059, 230.29307 ] }, { "date": "2024-05-17", "close": 212.180832, "volume": 1865892, "typical_volume": 4852408.65, "trend": 232.564135, "fair_value": 156.271796, "relative_strength": -3.111762, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.996622, "energy": 20.540668, "activity_lines": [ 215.549091, 212.508709, 221.309147, 229.004141 ] }, { "date": "2024-05-24", "close": 211.534988, "volume": 2059343, "typical_volume": 4327133.8, "trend": 233.086204, "fair_value": 156.756335, "relative_strength": -5.945848, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.145908, "energy": 23.355458, "activity_lines": [ 214.628365, 212.832979, 219.088005, 227.647421 ] }, { "date": "2024-05-31", "close": 205.126343, "volume": 1532345, "typical_volume": 4171311.25, "trend": 233.160171, "fair_value": 157.207108, "relative_strength": -7.404129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.139815, "energy": 33.044988, "activity_lines": [ 210.610954, 211.871004, 216.567152, 225.843559 ] }, { "date": "2024-06-07", "close": 222.265747, "volume": 4184992, "typical_volume": 4229770.95, "trend": 233.524738, "fair_value": 157.804631, "relative_strength": -3.364312, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.23786, "energy": 25.365478, "activity_lines": [ 213.806997, 213.983735, 216.039354, 225.140693 ] }, { "date": "2024-06-14", "close": 237.81543, "volume": 5888732, "typical_volume": 4354563.35, "trend": 234.102143, "fair_value": 158.503965, "relative_strength": 2.070856, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.994919, "energy": 7.695091, "activity_lines": [ 221.917998, 218.41966, 217.203655, 225.417512 ] }, { "date": "2024-06-21", "close": 230.63176, "volume": 3294433, "typical_volume": 4326069.1, "trend": 234.240289, "fair_value": 159.145972, "relative_strength": -1.701152, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.897076, "energy": 12.488005, "activity_lines": [ 226.200362, 221.147512, 217.847114, 225.193617 ] }, { "date": "2024-06-28", "close": 273.48526, "volume": 26139754, "typical_volume": 5446117.05, "trend": 235.204175, "fair_value": 160.057499, "relative_strength": 13.098285, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.034884, "energy": 40.788591, "activity_lines": [ 243.537164, 231.256466, 222.794151, 227.72555 ] }, { "date": "2024-07-05", "close": 294.897064, "volume": 35937134, "typical_volume": 7116571.45, "trend": 237.066729, "fair_value": 161.073056, "relative_strength": 19.199498, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.374327, "energy": 65.552509, "activity_lines": [ 263.881216, 243.870161, 229.722207, 231.576704 ] }, { "date": "2024-07-12", "close": 307.21759, "volume": 8772043, "typical_volume": 7334300.1, "trend": 238.948617, "fair_value": 162.1554, "relative_strength": 22.048897, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.177711, "energy": 76.228174, "activity_lines": [ 282.347396, 257.500935, 237.693296, 236.102566 ] }, { "date": "2024-07-19", "close": 323.462738, "volume": 21000017, "typical_volume": 8166305.85, "trend": 241.745196, "fair_value": 163.303777, "relative_strength": 26.908709, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.195764, "energy": 81.360148, "activity_lines": [ 300.565168, 272.467628, 246.894304, 241.55509 ] }, { "date": "2024-07-26", "close": 333.150238, "volume": 19581584, "typical_volume": 8965914.2, "trend": 244.557557, "fair_value": 164.455804, "relative_strength": 27.669053, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.868271, "energy": 93.037794, "activity_lines": [ 316.302287, 287.247349, 256.583118, 247.45219 ] }, { "date": "2024-08-02", "close": 354.85788, "volume": 19151387, "typical_volume": 9712046.75, "trend": 247.16054, "fair_value": 165.6888, "relative_strength": 35.055579, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.585185, "energy": 93.812378, "activity_lines": [ 332.440721, 303.77447, 267.821477, 254.56834 ] }, { "date": "2024-08-09", "close": 331.204041, "volume": 22118666, "typical_volume": 10682072.5, "trend": 248.838009, "fair_value": 166.819731, "relative_strength": 26.974646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.645238, "energy": 85.985901, "activity_lines": [ 335.2697, 313.395022, 276.0929, 259.990501 ] }, { "date": "2024-08-16", "close": 338.739319, "volume": 11169762, "typical_volume": 11045125.65, "trend": 251.242217, "fair_value": 168.057762, "relative_strength": 27.999261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.397132, "energy": 76.129378, "activity_lines": [ 338.189974, 322.093302, 284.470715, 265.790586 ] }, { "date": "2024-08-23", "close": 330.705017, "volume": 5621091, "typical_volume": 11050128.7, "trend": 253.195326, "fair_value": 169.236288, "relative_strength": 22.672812, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.466614, "energy": 60.367279, "activity_lines": [ 336.330699, 327.2131, 291.396718, 270.917218 ] }, { "date": "2024-08-30", "close": 304.705688, "volume": 12524500, "typical_volume": 11575459.15, "trend": 254.108407, "fair_value": 170.190586, "relative_strength": 10.809715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.466616, "energy": 42.279888, "activity_lines": [ 325.322162, 325.916845, 295.29899, 274.240467 ] }, { "date": "2024-09-06", "close": 307.600067, "volume": 20126941, "typical_volume": 12472543.2, "trend": 255.652976, "fair_value": 171.156664, "relative_strength": 12.997897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.705477, "energy": 34.40321, "activity_lines": [ 317.174721, 323.800042, 299.016687, 277.691542 ] }, { "date": "2024-09-13", "close": 286.940369, "volume": 8943426, "typical_volume": 11966461.5, "trend": 256.300198, "fair_value": 172.026018, "relative_strength": 2.871156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.720867, "energy": 24.085577, "activity_lines": [ 305.291235, 317.306661, 300.240736, 279.710083 ] }, { "date": "2024-09-20", "close": 288.936462, "volume": 5527629, "typical_volume": 11993126.85, "trend": 257.911498, "fair_value": 172.914633, "relative_strength": 1.34342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.91177, "energy": 25.250844, "activity_lines": [ 297.024025, 311.320873, 301.372465, 281.815649 ] }, { "date": "2024-09-27", "close": 277.808167, "volume": 5219840, "typical_volume": 12032975.55, "trend": 259.433371, "fair_value": 173.72791, "relative_strength": -4.273588, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.240698, "energy": 21.991983, "activity_lines": [ 288.367574, 303.644143, 301.107714, 283.099305 ] }, { "date": "2024-10-04", "close": 301.761475, "volume": 9675849, "typical_volume": 12423473.4, "trend": 262.012022, "fair_value": 174.702738, "relative_strength": 8.205528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.644859, "energy": 18.107246, "activity_lines": [ 291.222016, 301.152643, 302.831354, 285.83015 ] }, { "date": "2024-10-11", "close": 295.174316, "volume": 4472592, "typical_volume": 12544135.85, "trend": 265.0219, "fair_value": 175.595937, "relative_strength": 5.625026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.847832, "energy": 14.304644, "activity_lines": [ 292.077018, 298.034182, 303.501072, 287.969653 ] }, { "date": "2024-10-18", "close": 331.104218, "volume": 22621102, "typical_volume": 13598573.7, "trend": 269.297338, "fair_value": 176.777022, "relative_strength": 18.37987, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.928121, "energy": 24.086987, "activity_lines": [ 305.737038, 302.533587, 307.194402, 292.233028 ] }, { "date": "2024-10-25", "close": 337.541687, "volume": 43405471, "typical_volume": 15559597.65, "trend": 274.063906, "fair_value": 177.93842, "relative_strength": 23.267273, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 51.338126, "energy": 35.830763, "activity_lines": [ 318.598625, 308.205256, 310.90093, 296.63589 ] }, { "date": "2024-11-01", "close": 344.528046, "volume": 5407898, "typical_volume": 15535555.95, "trend": 278.357906, "fair_value": 179.023005, "relative_strength": 24.413308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.694203, "energy": 58.982213, "activity_lines": [ 330.548649, 315.168947, 314.723893, 301.181963 ] }, { "date": "2024-11-08", "close": 335.844971, "volume": 4734945, "typical_volume": 15607581.55, "trend": 282.617491, "fair_value": 180.091642, "relative_strength": 21.441187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.133992, "energy": 63.189638, "activity_lines": [ 335.156323, 320.302569, 317.211741, 304.890806 ] }, { "date": "2024-11-15", "close": 333.649261, "volume": 2679550, "typical_volume": 14434571.35, "trend": 287.168201, "fair_value": 181.238555, "relative_strength": 23.181468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.42349, "energy": 62.292229, "activity_lines": [ 336.759861, 324.470802, 318.989458, 308.183178 ] }, { "date": "2024-11-22", "close": 329.607147, "volume": 3212948, "typical_volume": 12798362.05, "trend": 290.567402, "fair_value": 182.379875, "relative_strength": 19.315162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.143987, "energy": 47.239922, "activity_lines": [ 334.451031, 327.430484, 320.095716, 310.921175 ] }, { "date": "2024-11-29", "close": 341.683594, "volume": 3752240, "typical_volume": 12547371.9, "trend": 294.682131, "fair_value": 183.601071, "relative_strength": 22.114076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.720869, "energy": 39.887535, "activity_lines": [ 336.267489, 331.810124, 322.186827, 314.218994 ] }, { "date": "2024-12-06", "close": 340.436035, "volume": 2539065, "typical_volume": 11624324.3, "trend": 298.819858, "fair_value": 184.762244, "relative_strength": 18.501792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.480751, "energy": 37.771178, "activity_lines": [ 337.391966, 335.003896, 323.994998, 317.170858 ] }, { "date": "2024-12-13", "close": 340.735443, "volume": 1721283, "typical_volume": 10731309.25, "trend": 303.105012, "fair_value": 185.961662, "relative_strength": 17.769917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.314443, "energy": 36.858277, "activity_lines": [ 338.889046, 337.113417, 325.750859, 319.87509 ] }, { "date": "2024-12-20", "close": 335.395844, "volume": 1599870, "typical_volume": 9853733.4, "trend": 307.233707, "fair_value": 187.154866, "relative_strength": 21.129734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.557195, "energy": 34.707434, "activity_lines": [ 338.280229, 337.543485, 326.962067, 321.958369 ] }, { "date": "2024-12-27", "close": 342.931152, "volume": 6638318, "typical_volume": 9079716.0, "trend": 311.827201, "fair_value": 188.371129, "relative_strength": 22.085683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.948643, "energy": 34.498987, "activity_lines": [ 340.066742, 338.612308, 328.9836, 324.26143 ] }, { "date": "2025-01-03", "close": 343.480072, "volume": 1982173, "typical_volume": 8620336.55, "trend": 315.867678, "fair_value": 189.520416, "relative_strength": 20.998449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.966631, "energy": 34.889008, "activity_lines": [ 341.147961, 339.5659, 331.001568, 326.303551 ] }, { "date": "2025-01-10", "close": 334.447723, "volume": 2986868, "typical_volume": 8488625.4, "trend": 319.088755, "fair_value": 190.57948, "relative_strength": 20.416085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.498022, "energy": 28.939197, "activity_lines": [ 339.098633, 338.769275, 332.136736, 327.502263 ] }, { "date": "2025-01-17", "close": 338.539734, "volume": 1627932, "typical_volume": 7943797.0, "trend": 322.685687, "fair_value": 191.703255, "relative_strength": 22.639057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.034599, "energy": 27.291801, "activity_lines": [ 338.812528, 338.899932, 333.643798, 328.757165 ] }, { "date": "2025-01-24", "close": 331.253937, "volume": 1446641, "typical_volume": 7009782.0, "trend": 324.61131, "fair_value": 192.81388, "relative_strength": 20.265267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.841465, "energy": 22.166346, "activity_lines": [ 336.244206, 337.656902, 334.29586, 329.309956 ] }, { "date": "2025-01-31", "close": 340.036804, "volume": 2257846, "typical_volume": 6675503.0, "trend": 326.115968, "fair_value": 193.935246, "relative_strength": 20.92225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.245655, "energy": 21.305486, "activity_lines": [ 336.879633, 338.054308, 335.671747, 330.305149 ] }, { "date": "2025-02-07", "close": 337.741272, "volume": 2699292, "typical_volume": 6534086.15, "trend": 327.133424, "fair_value": 195.062331, "relative_strength": 19.393742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.815657, "energy": 19.988337, "activity_lines": [ 336.942839, 337.844715, 336.576173, 331.055168 ] }, { "date": "2025-02-14", "close": 331.253937, "volume": 1505403, "typical_volume": 6348364.3, "trend": 327.393131, "fair_value": 196.187405, "relative_strength": 19.87808, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.390161, "energy": 10.997556, "activity_lines": [ 335.226186, 336.527286, 336.630353, 331.321008 ] }, { "date": "2025-02-21", "close": 321.722534, "volume": 2734869, "typical_volume": 6001315.3, "trend": 327.012207, "fair_value": 197.360831, "relative_strength": 16.499745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.637098, "energy": 8.641352, "activity_lines": [ 330.545319, 333.64382, 335.522277, 330.955163 ] }, { "date": "2025-02-28", "close": 328.908508, "volume": 3852266, "typical_volume": 5970299.0, "trend": 326.147228, "fair_value": 198.645559, "relative_strength": 21.849733, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.367617, "energy": 14.685639, "activity_lines": [ 329.380922, 332.412585, 335.003527, 331.077505 ] }, { "date": "2025-03-07", "close": 335.795074, "volume": 6717676, "typical_volume": 5175127.7, "trend": 326.300262, "fair_value": 199.94104, "relative_strength": 21.103329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.227891, "energy": 14.695308, "activity_lines": [ 330.66841, 332.551405, 334.980001, 331.699947 ] }, { "date": "2025-03-14", "close": 346.673859, "volume": 4266016, "typical_volume": 3218154.95, "trend": 326.564747, "fair_value": 201.252149, "relative_strength": 24.689207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.736442, "energy": 17.762111, "activity_lines": [ 335.864941, 334.797932, 335.970212, 333.014372 ] }, { "date": "2025-03-21", "close": 336.294128, "volume": 11870576, "typical_volume": 3541288.85, "trend": 326.751051, "fair_value": 202.484045, "relative_strength": 15.087187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.409897, "energy": 19.15673, "activity_lines": [ 337.006057, 335.099166, 335.928391, 333.642074 ] }, { "date": "2025-03-28", "close": 339.288269, "volume": 3190744, "typical_volume": 3464078.8, "trend": 327.903804, "fair_value": 203.738845, "relative_strength": 14.274605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.146612, "energy": 26.360896, "activity_lines": [ 338.809206, 335.911219, 336.210936, 334.450927 ] }, { "date": "2025-04-04", "close": 349.318695, "volume": 2786441, "typical_volume": 3469423.35, "trend": 329.294424, "fair_value": 205.034135, "relative_strength": 19.776914, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.78655, "energy": 48.916289, "activity_lines": [ 342.784782, 338.533376, 337.432362, 335.832533 ] }, { "date": "2025-04-11", "close": 357.103516, "volume": 5032205, "typical_volume": 3560386.2, "trend": 331.633196, "fair_value": 206.384893, "relative_strength": 21.6765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.083605, "energy": 63.679029, "activity_lines": [ 347.994619, 342.242505, 339.320584, 337.626668 ] }, { "date": "2025-04-18", "close": 355.606415, "volume": 3138897, "typical_volume": 3529719.05, "trend": 333.855528, "fair_value": 207.732548, "relative_strength": 14.936071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.082009, "energy": 66.795457, "activity_lines": [ 351.284859, 345.36913, 340.93529, 339.173327 ] }, { "date": "2025-04-25", "close": 351.464508, "volume": 4447973, "typical_volume": 3625164.45, "trend": 336.310739, "fair_value": 209.133111, "relative_strength": 11.968832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.369795, "energy": 63.09516, "activity_lines": [ 352.59896, 347.417859, 342.089229, 340.30939 ] }, { "date": "2025-05-02", "close": 348.819672, "volume": 2274659, "typical_volume": 3652833.25, "trend": 337.879346, "fair_value": 210.564025, "relative_strength": 8.982325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.689605, "energy": 56.302751, "activity_lines": [ 352.020091, 348.618245, 342.938762, 341.116418 ] }, { "date": "2025-05-09", "close": 353.710144, "volume": 3383794, "typical_volume": 3742029.45, "trend": 339.83054, "fair_value": 212.094927, "relative_strength": 11.2676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.334238, "energy": 41.45738, "activity_lines": [ 352.435952, 350.215132, 344.215558, 342.13776 ] }, { "date": "2025-05-16", "close": 355.905853, "volume": 4427274, "typical_volume": 3631477.25, "trend": 340.657261, "fair_value": 213.610531, "relative_strength": 6.689971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.881261, "energy": 38.460346, "activity_lines": [ 353.290953, 351.760301, 345.614259, 343.174877 ] }, { "date": "2025-05-23", "close": 349.169006, "volume": 6472206, "typical_volume": 3855978.9, "trend": 341.044838, "fair_value": 215.114178, "relative_strength": 4.642584, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.838992, "energy": 30.799323, "activity_lines": [ 351.980182, 351.714937, 346.309571, 343.724022 ] }, { "date": "2025-05-30", "close": 349.618103, "volume": 3802358, "typical_volume": 3896753.4, "trend": 341.214507, "fair_value": 216.582983, "relative_strength": 4.459581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.511701, "energy": 25.82443, "activity_lines": [ 351.248271, 351.705861, 347.020563, 344.277136 ] }, { "date": "2025-06-06", "close": 353.161224, "volume": 10592474, "typical_volume": 4344980.5, "trend": 341.791715, "fair_value": 218.093361, "relative_strength": 3.777083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.727915, "energy": 26.252832, "activity_lines": [ 351.820493, 352.098735, 347.996756, 345.047892 ] }, { "date": "2025-06-13", "close": 291.531403, "volume": 5182375, "typical_volume": 4531767.2, "trend": 340.387787, "fair_value": 219.320291, "relative_strength": -13.549822, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -40.995746, "energy": 36.961535, "activity_lines": [ 331.560006, 341.033951, 343.033816, 341.805291 ] }, { "date": "2025-06-20", "close": 230.550339, "volume": 18651839, "typical_volume": 5351466.85, "trend": 337.085893, "fair_value": 220.12447, "relative_strength": -32.645039, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.203361, "energy": 93.097531, "activity_lines": [ 295.117746, 319.932379, 332.452311, 334.719004 ] }, { "date": "2025-06-27", "close": 241.928146, "volume": 10536025, "typical_volume": 5743303.5, "trend": 333.760712, "fair_value": 220.970048, "relative_strength": -30.578099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.853153, "energy": 95.768057, "activity_lines": [ 270.825123, 303.200466, 323.47577, 328.579794 ] }, { "date": "2025-07-04", "close": 240.960037, "volume": 3827191, "typical_volume": 5859392.9, "trend": 330.444845, "fair_value": 221.797671, "relative_strength": -30.112769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.876521, "energy": 92.891487, "activity_lines": [ 253.359188, 288.359411, 314.863282, 322.592654 ] }, { "date": "2025-07-11", "close": 240.411118, "volume": 3224869, "typical_volume": 5883892.9, "trend": 327.100701, "fair_value": 222.648365, "relative_strength": -29.10938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.4591, "energy": 89.602887, "activity_lines": [ 242.95415, 275.427725, 306.628486, 316.784027 ] }, { "date": "2025-07-18", "close": 235.370941, "volume": 1951728, "typical_volume": 5788866.0, "trend": 323.766537, "fair_value": 223.397483, "relative_strength": -29.714404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.642839, "energy": 90.521182, "activity_lines": [ 238.385728, 263.550707, 298.300871, 310.865978 ] }, { "date": "2025-07-25", "close": 252.369995, "volume": 10409704, "typical_volume": 5973467.4, "trend": 320.747832, "fair_value": 224.285717, "relative_strength": -23.88442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.107027, "energy": 78.534766, "activity_lines": [ 243.227688, 256.916049, 292.03763, 306.259749 ] }, { "date": "2025-08-01", "close": 240.25, "volume": 18087333, "typical_volume": 6664533.25, "trend": 317.30683, "fair_value": 225.080871, "relative_strength": -26.252377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.745551, "energy": 66.521478, "activity_lines": [ 242.575005, 249.960225, 285.017367, 301.066341 ] }, { "date": "2025-08-08", "close": 232.949997, "volume": 2712751, "typical_volume": 6206642.0, "trend": 313.923572, "fair_value": 225.857493, "relative_strength": -27.4763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.447709, "energy": 66.202519, "activity_lines": [ 239.600865, 243.657473, 277.808645, 295.623964 ] }, { "date": "2025-08-15", "close": 233.820007, "volume": 1422297, "typical_volume": 6118219.65, "trend": 310.432915, "fair_value": 226.593843, "relative_strength": -27.541942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.429452, "energy": 63.155037, "activity_lines": [ 237.45073, 239.634144, 271.174896, 290.455992 ] }, { "date": "2025-08-22", "close": 237.710007, "volume": 2217950, "typical_volume": 6089795.1, "trend": 307.314784, "fair_value": 227.361723, "relative_strength": -26.638414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.996931, "energy": 60.422673, "activity_lines": [ 237.03667, 238.487927, 265.413853, 285.764192 ] }, { "date": "2025-08-29", "close": 217.210007, "volume": 2439146, "typical_volume": 5960142.15, "trend": 303.220557, "fair_value": 228.009184, "relative_strength": -31.426592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.835153, "energy": 63.995293, "activity_lines": [ 229.633339, 234.593009, 258.231899, 279.95098 ] }, { "date": "2025-09-05", "close": 223.990005, "volume": 2271782, "typical_volume": 5916786.4, "trend": 299.428848, "fair_value": 228.633844, "relative_strength": -29.838193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.340795, "energy": 58.896938, "activity_lines": [ 226.834006, 232.173369, 252.361819, 274.839332 ] }, { "date": "2025-09-12", "close": 220.550003, "volume": 1352526, "typical_volume": 5762014.05, "trend": 295.738717, "fair_value": 229.236767, "relative_strength": -31.683757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.707777, "energy": 63.901215, "activity_lines": [ 223.972005, 229.454422, 246.790865, 269.750374 ] }, { "date": "2025-09-19", "close": 219.559998, "volume": 3247791, "typical_volume": 5810670.65, "trend": 292.333299, "fair_value": 229.814501, "relative_strength": -32.30589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.46247, "energy": 84.947246, "activity_lines": [ 221.606669, 226.926565, 241.749026, 264.835618 ] }, { "date": "2025-09-26", "close": 225.009995, "volume": 5418014, "typical_volume": 5912381.65, "trend": 288.870015, "fair_value": 230.442558, "relative_strength": -28.574345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.863935, "energy": 79.030754, "activity_lines": [ 222.008666, 225.768729, 237.841758, 260.492179 ] }, { "date": "2025-10-03", "close": 224.720001, "volume": 1850452, "typical_volume": 5783540.55, "trend": 285.167513, "fair_value": 231.080691, "relative_strength": -29.028486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.846047, "energy": 72.671048, "activity_lines": [ 223.160666, 224.746547, 234.519728, 256.353468 ] }, { "date": "2025-10-10", "close": 221.369995, "volume": 1129043, "typical_volume": 5516382.4, "trend": 280.990718, "fair_value": 231.721216, "relative_strength": -30.846991, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.997175, "energy": 58.386074, "activity_lines": [ 222.695331, 223.618, 231.503345, 252.2375 ] }, { "date": "2025-10-17", "close": 214.470001, "volume": 1230706, "typical_volume": 5387799.8, "trend": 276.929913, "fair_value": 232.31123, "relative_strength": -33.606423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.307012, "energy": 58.557473, "activity_lines": [ 220.104665, 221.578182, 228.438387, 247.94584 ] }, { "date": "2025-10-24", "close": 213.179993, "volume": 674378, "typical_volume": 4891895.0, "trend": 272.726304, "fair_value": 232.90585, "relative_strength": -33.645644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.138154, "energy": 61.440844, "activity_lines": [ 217.48933, 219.639817, 225.894133, 243.832942 ] }, { "date": "2025-10-31", "close": 214.460007, "volume": 1380191, "typical_volume": 4701785.8, "trend": 268.231015, "fair_value": 233.454975, "relative_strength": -32.448737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.956145, "energy": 62.958076, "activity_lines": [ 215.726, 218.309454, 224.138362, 240.073826 ] }, { "date": "2025-11-07", "close": 203.289993, "volume": 4043802, "typical_volume": 3971383.95, "trend": 263.103897, "fair_value": 233.967041, "relative_strength": -34.787036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.392388, "energy": 70.360941, "activity_lines": [ 210.942665, 215.370907, 221.685787, 235.884083 ] }, { "date": "2025-11-14", "close": 185.509995, "volume": 3192788, "typical_volume": 3604222.1, "trend": 257.434016, "fair_value": 234.365133, "relative_strength": -40.79668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.570427, "energy": 88.232029, "activity_lines": [ 201.66133, 209.452725, 217.66969, 230.878025 ] }, { "date": "2025-11-21", "close": 177.139999, "volume": 1752761, "typical_volume": 3500500.6, "trend": 251.623199, "fair_value": 234.725587, "relative_strength": -43.178994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.355309, "energy": 93.074774, "activity_lines": [ 191.980664, 202.712361, 213.125109, 225.697766 ] }, { "date": "2025-11-28", "close": 166.289993, "volume": 6179315, "typical_volume": 3648222.9, "trend": 245.538877, "fair_value": 234.964987, "relative_strength": -46.258534, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.550226, "energy": 96.527551, "activity_lines": [ 181.171996, 194.788542, 207.851098, 220.192397 ] }, { "date": "2025-12-05", "close": 163.470001, "volume": 1499535, "typical_volume": 3625613.25, "trend": 239.197539, "fair_value": 235.201384, "relative_strength": -46.478312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.748033, "energy": 95.124141, "activity_lines": [ 172.54933, 187.320543, 202.661475, 214.897631 ] }, { "date": "2025-12-12", "close": 165.550003, "volume": 4056740, "typical_volume": 3307965.05, "trend": 232.852344, "fair_value": 235.448916, "relative_strength": -44.833821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.656531, "energy": 90.475108, "activity_lines": [ 168.019333, 181.349635, 198.012332, 210.146177 ] }, { "date": "2025-12-19", "close": 161.699997, "volume": 1576093, "typical_volume": 2482403.05, "trend": 226.603377, "fair_value": 235.730809, "relative_strength": -45.218839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.861752, "energy": 89.651624, "activity_lines": [ 164.721999, 175.754544, 193.409951, 205.555703 ] }, { "date": "2025-12-26", "close": 171.160004, "volume": 12289713, "typical_volume": 2961251.15, "trend": 220.654773, "fair_value": 236.055128, "relative_strength": -41.406979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.023589, "energy": 67.645253, "activity_lines": [ 166.165334, 172.964363, 190.082571, 201.978712 ] }, { "date": "2026-01-02", "close": 173.75, "volume": 2259606, "typical_volume": 3003116.6, "trend": 214.674399, "fair_value": 236.305605, "relative_strength": -40.378986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.607739, "energy": 64.709344, "activity_lines": [ 168.870668, 171.432545, 187.296094, 198.952597 ] }, { "date": "2026-01-09", "close": 164.220001, "volume": 2799957, "typical_volume": 3032216.95, "trend": 210.430686, "fair_value": 236.516976, "relative_strength": -41.431636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.705251, "energy": 64.557578, "activity_lines": [ 167.902001, 168.884909, 183.888047, 195.697475 ] }, { "date": "2026-01-16", "close": 169.720001, "volume": 1776866, "typical_volume": 2999102.95, "trend": 208.403008, "fair_value": 236.777107, "relative_strength": -38.63296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.753369, "energy": 51.283049, "activity_lines": [ 168.716668, 168.250728, 181.353761, 193.070979 ] }, { "date": "2026-01-23", "close": 158.779999, "volume": 2791144, "typical_volume": 3025071.05, "trend": 205.631403, "fair_value": 237.028662, "relative_strength": -40.254094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.08781, "energy": 58.146645, "activity_lines": [ 165.606667, 166.237818, 178.003714, 189.869494 ] }, { "date": "2026-01-30", "close": 157.740005, "volume": 2416768, "typical_volume": 3078283.15, "trend": 202.857402, "fair_value": 237.28517, "relative_strength": -40.39333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.125633, "energy": 59.034586, "activity_lines": [ 162.344668, 164.521819, 174.865143, 186.779727 ] }, { "date": "2026-02-06", "close": 162.259995, "volume": 1935365, "typical_volume": 3012661.85, "trend": 200.252365, "fair_value": 237.548942, "relative_strength": -38.670485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.351067, "energy": 55.293932, "activity_lines": [ 161.484, 163.980364, 172.456142, 184.160539 ] }, { "date": "2026-02-13", "close": 160.539993, "volume": 1660904, "typical_volume": 2824806.35, "trend": 197.758, "fair_value": 237.819032, "relative_strength": -37.844949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.522512, "energy": 56.465251, "activity_lines": [ 160.815997, 163.199453, 170.156189, 181.598451 ] }, { "date": "2026-02-20", "close": 158.369995, "volume": 1329522, "typical_volume": 2798759.85, "trend": 194.624666, "fair_value": 238.108322, "relative_strength": -37.993928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.937737, "energy": 55.148293, "activity_lines": [ 159.669996, 162.077271, 167.95657, 179.057289 ] }, { "date": "2026-02-27", "close": 154.119995, "volume": 1613276, "typical_volume": 2822971.5, "trend": 191.753666, "fair_value": 238.380459, "relative_strength": -37.667517, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.039867, "energy": 58.07039, "activity_lines": [ 157.863995, 160.312906, 165.668141, 176.444085 ] }, { "date": "2026-03-06", "close": 145.380005, "volume": 1910157, "typical_volume": 2856944.05, "trend": 188.834666, "fair_value": 238.596255, "relative_strength": -38.371792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.362497, "energy": 66.233601, "activity_lines": [ 153.455331, 157.097271, 162.86757, 173.452236 ] }, { "date": "2026-03-13", "close": 133.240005, "volume": 3963865, "typical_volume": 3021418.4, "trend": 185.482, "fair_value": 238.749367, "relative_strength": -39.169097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.636187, "energy": 90.27923, "activity_lines": [ 145.824001, 152.14309, 159.239809, 169.865483 ] }, { "date": "2026-03-20", "close": 132.369995, "volume": 2315151, "typical_volume": 3068166.4, "trend": 181.970666, "fair_value": 238.889018, "relative_strength": -38.384089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.669377, "energy": 92.0525, "activity_lines": [ 139.837333, 147.767271, 155.909856, 166.438902 ] }, { "date": "2026-03-27", "close": 126.300003, "volume": 2760701, "typical_volume": 3004011.35, "trend": 178.940332, "fair_value": 239.005211, "relative_strength": -39.333736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.79391, "energy": 94.048895, "activity_lines": [ 133.705334, 142.866909, 152.392714, 162.847247 ] }, { "date": "2026-04-03", "close": 132.100006, "volume": 1459361, "typical_volume": 2917340.0, "trend": 175.877333, "fair_value": 239.085741, "relative_strength": -34.956677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.975253, "energy": 86.831761, "activity_lines": [ 131.644669, 139.810546, 149.794572, 159.82529 ] }, { "date": "2026-04-10", "close": 139.799774, "volume": 1683220, "typical_volume": 2913862.95, "trend": 173.185658, "fair_value": 239.224772, "relative_strength": -33.589487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.621644, "energy": 65.290574, "activity_lines": [ 133.618593, 138.639232, 148.184074, 157.497706 ] }, { "date": "2026-04-17", "close": 144.33226, "volume": 1228266, "typical_volume": 2666310.5, "trend": 170.678067, "fair_value": 239.371731, "relative_strength": -30.926063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.649548, "energy": 54.940857, "activity_lines": [ 137.475361, 138.618193, 147.183052, 155.636196 ] }, { "date": "2026-04-24", "close": 143.017349, "volume": 1865659, "typical_volume": 2684616.7, "trend": 167.944979, "fair_value": 239.484403, "relative_strength": -28.873765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.251915, "energy": 38.398519, "activity_lines": [ 140.154341, 138.684038, 146.161361, 153.851634 ] }, { "date": "2026-05-01", "close": 143.24646, "volume": 1496265, "typical_volume": 2556592.95, "trend": 165.229194, "fair_value": 239.61778, "relative_strength": -27.673864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.877804, "energy": 26.841314, "activity_lines": [ 142.199869, 139.110133, 145.258884, 152.258181 ] }, { "date": "2026-05-08", "close": 140.92543, "volume": 1857349, "typical_volume": 2570655.75, "trend": 162.547709, "fair_value": 239.71042, "relative_strength": -27.875039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.262144, "energy": 24.133406, "activity_lines": [ 142.341955, 139.389195, 144.241564, 150.690196 ] }, { "date": "2026-05-15", "close": 135.924744, "volume": 1150209, "typical_volume": 2013680.55, "trend": 159.929533, "fair_value": 239.8038, "relative_strength": -27.402992, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.355505, "energy": 32.026205, "activity_lines": [ 140.228785, 138.998943, 142.846915, 148.972585 ] }, { "date": "2026-05-22", "close": 135.874939, "volume": 692438, "typical_volume": 1935322.15, "trend": 157.352698, "fair_value": 239.884562, "relative_strength": -26.169642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.737712, "energy": 38.407009, "activity_lines": [ 138.357349, 138.77155, 141.615309, 147.420676 ] }, { "date": "2026-05-29", "close": 141.005127, "volume": 1168366, "typical_volume": 1853742.6, "trend": 154.904202, "fair_value": 239.925683, "relative_strength": -21.235257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.950288, "energy": 34.403088, "activity_lines": [ 138.759796, 139.42901, 141.05265, 146.365994 ] }, { "date": "2026-06-05", "close": 132.876526, "volume": 453736, "typical_volume": 1787586.1, "trend": 152.557087, "fair_value": 239.909652, "relative_strength": -23.569355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.805444, "energy": 41.676118, "activity_lines": [ 136.586858, 138.451541, 139.826385, 144.944854 ] }, { "date": "2026-06-12", "close": 134.770004, "volume": 269810, "typical_volume": 1661519.4, "trend": 150.865754, "fair_value": 239.885893, "relative_strength": -22.094875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.510035, "energy": 39.383867, "activity_lines": [ 135.736408, 137.698767, 138.955897, 143.7973 ] }, { "date": "2026-06-19", "close": 135.509995, "volume": 160398, "typical_volume": 1548700.9, "trend": 149.478087, "fair_value": 239.919223, "relative_strength": -22.217394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.555682, "energy": 37.13005, "activity_lines": [ 135.542984, 137.031991, 138.270217, 142.806606 ] }, { "date": "2026-06-26", "close": 133.919998, "volume": 0, "typical_volume": 1451932.65, "trend": 148.399087, "fair_value": 239.936685, "relative_strength": -22.471975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.943648, "energy": 45.530996, "activity_lines": [ 134.847211, 136.154121, 137.538967, 141.802858 ] }, { "date": "2026-07-03", "close": 142.289993, "volume": 745862, "typical_volume": 1406180.55, "trend": 147.693087, "fair_value": 239.990457, "relative_strength": -17.56055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.804226, "energy": 24.036347, "activity_lines": [ 137.071765, 136.987382, 137.739811, 141.408723 ] }, { "date": "2026-07-10", "close": 137.949997, "volume": 1244042, "typical_volume": 1401906.55, "trend": 146.773087, "fair_value": 239.969108, "relative_strength": -19.018509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.570554, "energy": 20.103278, "activity_lines": [ 137.763996, 137.044777, 137.614227, 140.780137 ] }, { "date": "2026-07-17", "close": 137.449997, "volume": 688161, "typical_volume": 1355650.8, "trend": 145.964753, "fair_value": 239.95023, "relative_strength": -18.897052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.469632, "energy": 16.502016, "activity_lines": [ 137.95133, 137.107563, 137.538261, 140.178647 ] }, { "date": "2026-07-24", "close": 133.800003, "volume": 1584841, "typical_volume": 1339385.0, "trend": 144.71942, "fair_value": 239.88639, "relative_strength": -18.143572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.414332, "energy": 19.270769, "activity_lines": [ 136.743332, 136.569903, 137.194059, 139.393824 ] }, { "date": "2026-07-31", "close": 136.639999, "volume": 1683856, "typical_volume": 1225384.55, "trend": 143.48242, "fair_value": 239.764225, "relative_strength": -17.555676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.232994, "energy": 19.424128, "activity_lines": [ 136.595999, 136.587238, 137.175475, 138.872571 ] }, { "date": "2026-08-07", "close": 136.729996, "volume": 1084233, "typical_volume": 1163838.65, "trend": 142.566086, "fair_value": 239.430514, "relative_strength": -17.193042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.171658, "energy": 22.971041, "activity_lines": [ 136.297332, 136.607026, 137.149272, 138.436931 ] } ], "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." } } }