{ "ticker": { "uuid": "eb1ac3e9-8d93-40d3-9001-f4ca4c6c9130", "symbol": "2421", "name": "Sunonwealth Electric Machine Industry 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.08, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 11.697, "architecture_energy": 5.238, "architecture_maturity": 24.812, "architecture_confidence": 53.648, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 59.34, "rotation_up": 32.31, "upward_expansion": 27.85, "deceleration": 46.74, "rotation_down": 36.5, "downward_expansion": 29.51 }, "activity_lines": [ 141.066667, 139.945455, 141.870837, 141.14904 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 146.0, "trend_reference": 140.944318, "distance_from_trend": 0.03587, "trend_direction": "Weakening", "fair_value": 112.278783, "distance_from_fair_value": 0.300335, "fair_value_direction": "Improving", "relative_strength": -26.828962, "relative_strength_direction": "Improving", "price_momentum": 0.026829, "excess_performance": -0.414543, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.03587, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.042176, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.300335, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.042381, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.26829, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029598, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.026829, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.738739, "read": "Demand-led" } ], "volume": { "latest": 12931513, "relative_activity": 0.631225, "balance": 2.738739, "dry_up": 0.65061, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.105715, "annualized_volatility": 0.504706, "from_high_reference": -0.225929, "from_low_reference": 0.257865 }, "levels": { "trend_reference": 140.944318, "fair_value_reference": 112.278783, "structural_low": 118.487801, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": 0.008036, "positive_rate": 0.5625, "directional_follow_through": 0.5625, "median_excess_return": -0.029429, "regime_survival": 0.5625, "best_return": 0.353234, "worst_return": -0.229906, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.057005, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.010048, "regime_survival": 0.333333, "best_return": 0.34886, "worst_return": -0.224501, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.057905, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.011962, "regime_survival": 0.0, "best_return": 0.756538, "worst_return": -0.213423, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.051232, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.259714, "regime_survival": 0.333333, "best_return": 0.640455, "worst_return": -0.006802, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-07-12", "tenure": "New", "return": -0.06278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2024-10-18", "tenure": "Established", "return": 0.053398, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2025-04-11", "tenure": "Established", "return": -0.244444, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.225728, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.009709, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": -0.030703, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-09-26", "tenure": "Established", "return": 0.214859, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-24", "tenure": "New", "return": 0.058366, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-31", "end": "2025-12-19", "tenure": "Developing", "return": 0.039735, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-26", "end": "2026-03-27", "tenure": "Established", "return": -0.164596, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.187755, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.113793, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.006944, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-08-14", "tenure": "Developing", "return": 0.065693, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 117.491341, "volume": 24903458, "typical_volume": 80729839.1, "trend": 64.521498, "fair_value": 43.472818, "relative_strength": 108.823605, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.804713, "energy": 74.746569, "activity_lines": [ 118.90726, 107.572552, 91.29515, 79.230208 ] }, { "date": "2023-08-18", "close": 124.269691, "volume": 184348933, "typical_volume": 88695875.45, "trend": 67.456761, "fair_value": 43.982519, "relative_strength": 117.514379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.025655, "energy": 67.364319, "activity_lines": [ 121.678853, 112.193643, 95.769903, 83.08493 ] }, { "date": "2023-08-25", "close": 127.432922, "volume": 166347139, "typical_volume": 96653898.95, "trend": 70.488645, "fair_value": 44.473068, "relative_strength": 115.48328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.2589, "energy": 65.759044, "activity_lines": [ 123.305658, 116.593163, 100.174271, 86.95436 ] }, { "date": "2023-09-01", "close": 116.135674, "volume": 85209108, "typical_volume": 100238649.8, "trend": 73.086614, "fair_value": 44.888086, "relative_strength": 89.827265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.116231, "energy": 57.060714, "activity_lines": [ 120.955832, 118.097254, 103.113061, 89.899329 ] }, { "date": "2023-09-08", "close": 108.905434, "volume": 52040654, "typical_volume": 101546283.25, "trend": 75.478861, "fair_value": 45.271801, "relative_strength": 74.977362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.159708, "energy": 45.212287, "activity_lines": [ 117.159957, 117.652379, 105.032444, 92.210221 ] }, { "date": "2023-09-15", "close": 104.386536, "volume": 45546563, "typical_volume": 103240664.05, "trend": 77.705775, "fair_value": 45.613061, "relative_strength": 61.185473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.332054, "energy": 34.436858, "activity_lines": [ 112.339798, 115.897403, 106.218353, 94.075232 ] }, { "date": "2023-09-22", "close": 98.963867, "volume": 40885172, "typical_volume": 103694813.2, "trend": 79.72841, "fair_value": 45.915409, "relative_strength": 55.39437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.717167, "energy": 24.711586, "activity_lines": [ 106.585737, 112.783473, 106.611693, 95.446722 ] }, { "date": "2023-09-29", "close": 105.290321, "volume": 61333004, "typical_volume": 98235708.4, "trend": 81.957516, "fair_value": 46.282695, "relative_strength": 62.037021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.269182, "energy": 23.702631, "activity_lines": [ 104.627548, 110.680132, 107.395057, 97.095878 ] }, { "date": "2023-10-06", "close": 105.290321, "volume": 59298363, "typical_volume": 96080043.85, "trend": 84.138105, "fair_value": 46.629748, "relative_strength": 57.35108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.817932, "energy": 21.060927, "activity_lines": [ 104.145533, 108.921871, 107.950081, 98.60122 ] }, { "date": "2023-10-13", "close": 95.800629, "volume": 38445804, "typical_volume": 91039206.75, "trend": 85.917097, "fair_value": 46.934128, "relative_strength": 38.822328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.353259, "energy": 14.052193, "activity_lines": [ 101.223311, 105.898316, 107.40113, 99.353641 ] }, { "date": "2023-10-20", "close": 83.599609, "volume": 40583535, "typical_volume": 86321097.5, "trend": 87.192353, "fair_value": 47.147845, "relative_strength": 22.356594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.866535, "energy": 20.783111, "activity_lines": [ 95.107736, 101.026123, 105.588939, 99.204125 ] }, { "date": "2023-10-27", "close": 81.430534, "volume": 21826464, "typical_volume": 83739171.6, "trend": 88.365903, "fair_value": 47.345063, "relative_strength": 20.165354, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.052796, "energy": 38.088642, "activity_lines": [ 89.65493, 96.375765, 103.541314, 98.832395 ] }, { "date": "2023-11-03", "close": 82.063187, "volume": 22828577, "typical_volume": 80306430.85, "trend": 89.581123, "fair_value": 47.549968, "relative_strength": 17.197539, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.070171, "energy": 60.591377, "activity_lines": [ 85.581898, 92.619329, 101.549277, 98.425768 ] }, { "date": "2023-11-10", "close": 86.03981, "volume": 82427226, "typical_volume": 81864037.5, "trend": 90.893613, "fair_value": 47.779846, "relative_strength": 20.382337, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.798349, "energy": 59.676427, "activity_lines": [ 84.382883, 90.41082, 99.93165, 98.197296 ] }, { "date": "2023-11-17", "close": 90.37796, "volume": 32793956, "typical_volume": 81560739.7, "trend": 92.397755, "fair_value": 48.055691, "relative_strength": 21.243332, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.151845, "energy": 54.792617, "activity_lines": [ 85.913285, 89.538263, 98.704348, 98.164028 ] }, { "date": "2023-11-24", "close": 87.756989, "volume": 25211228, "typical_volume": 77179693.0, "trend": 93.776305, "fair_value": 48.326667, "relative_strength": 16.000503, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.813742, "energy": 42.563368, "activity_lines": [ 86.931542, 88.526028, 97.187719, 97.864624 ] }, { "date": "2023-12-01", "close": 89.474174, "volume": 23991530, "typical_volume": 72877919.55, "trend": 94.947453, "fair_value": 48.618508, "relative_strength": 15.997436, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.101141, "energy": 23.204606, "activity_lines": [ 88.245034, 88.128365, 95.816126, 97.587067 ] }, { "date": "2023-12-08", "close": 86.130196, "volume": 34218815, "typical_volume": 63133019.0, "trend": 95.907159, "fair_value": 48.891507, "relative_strength": 10.984002, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.680711, "energy": 23.384319, "activity_lines": [ 87.907625, 87.295245, 94.134666, 97.018212 ] }, { "date": "2023-12-15", "close": 84.774529, "volume": 17384655, "typical_volume": 54327857.35, "trend": 96.624666, "fair_value": 49.151666, "relative_strength": 6.488953, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.58652, "energy": 38.346584, "activity_lines": [ 86.847193, 86.564007, 92.505712, 96.299978 ] }, { "date": "2023-12-22", "close": 95.800629, "volume": 48925545, "typical_volume": 55427486.45, "trend": 97.33333, "fair_value": 49.489768, "relative_strength": 19.536159, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.392686, "energy": 27.464632, "activity_lines": [ 89.546479, 88.210528, 92.14506, 96.246814 ] }, { "date": "2023-12-29", "close": 97.156296, "volume": 85288705, "typical_volume": 58446748.8, "trend": 97.987207, "fair_value": 49.844861, "relative_strength": 17.653791, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.304413, "energy": 18.722132, "activity_lines": [ 92.336143, 90.103534, 92.010353, 96.235393 ] }, { "date": "2024-01-05", "close": 89.203041, "volume": 45799454, "typical_volume": 51519274.85, "trend": 98.278941, "fair_value": 50.146378, "relative_strength": 9.451519, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.857261, "energy": 21.310239, "activity_lines": [ 91.848102, 90.304009, 91.215027, 95.668672 ] }, { "date": "2024-01-12", "close": 92.637405, "volume": 50738768, "typical_volume": 45738856.3, "trend": 98.66163, "fair_value": 50.464203, "relative_strength": 12.466955, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.349448, "energy": 19.262074, "activity_lines": [ 92.522924, 90.987595, 90.913767, 95.304702 ] }, { "date": "2024-01-19", "close": 90.829849, "volume": 47114039, "typical_volume": 43834102.85, "trend": 98.981126, "fair_value": 50.767328, "relative_strength": 8.030363, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.647345, "energy": 15.082089, "activity_lines": [ 92.161414, 91.150276, 90.606052, 94.799426 ] }, { "date": "2024-01-26", "close": 98.511971, "volume": 120811499, "typical_volume": 47272645.1, "trend": 99.530229, "fair_value": 51.11866, "relative_strength": 13.731515, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.893626, "energy": 7.252, "activity_lines": [ 93.956923, 92.622615, 91.150472, 94.769158 ] }, { "date": "2024-02-02", "close": 121.55835, "volume": 182250619, "typical_volume": 54107847.9, "trend": 100.786483, "fair_value": 51.635365, "relative_strength": 37.481721, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.737708, "energy": 55.466878, "activity_lines": [ 103.253802, 98.137314, 93.939277, 96.190327 ] }, { "date": "2024-02-09", "close": 119.750786, "volume": 50010743, "typical_volume": 54564126.45, "trend": 101.735452, "fair_value": 52.128031, "relative_strength": 32.955254, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.4434, "energy": 71.153275, "activity_lines": [ 110.321356, 102.708794, 96.474163, 97.41383 ] }, { "date": "2024-02-16", "close": 122.914017, "volume": 51743109, "typical_volume": 54084631.7, "trend": 101.690262, "fair_value": 52.644606, "relative_strength": 30.609813, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.88654, "energy": 80.15202, "activity_lines": [ 116.406805, 107.304924, 99.211324, 98.780189 ] }, { "date": "2024-02-23", "close": 112.972443, "volume": 86896293, "typical_volume": 55464528.2, "trend": 101.102806, "fair_value": 53.087596, "relative_strength": 16.695901, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.844526, "energy": 73.396917, "activity_lines": [ 117.159954, 109.424697, 100.917746, 99.508072 ] }, { "date": "2024-03-01", "close": 118.395126, "volume": 56578679, "typical_volume": 56371171.95, "trend": 101.178121, "fair_value": 53.558083, "relative_strength": 20.284371, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.686533, "energy": 70.290345, "activity_lines": [ 118.244492, 112.017724, 103.104032, 100.623706 ] }, { "date": "2024-03-08", "close": 111.164886, "volume": 91637446, "typical_volume": 58923867.5, "trend": 100.967239, "fair_value": 53.980148, "relative_strength": 6.884007, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.959602, "energy": 51.002718, "activity_lines": [ 115.593406, 112.885353, 104.494131, 101.268013 ] }, { "date": "2024-03-15", "close": 106.194099, "volume": 55601081, "typical_volume": 60612598.35, "trend": 100.36472, "fair_value": 54.385393, "relative_strength": 1.652715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.27408, "energy": 31.627516, "activity_lines": [ 111.978288, 112.5945, 105.279559, 101.60523 ] }, { "date": "2024-03-22", "close": 108.905434, "volume": 33315855, "typical_volume": 61136962.25, "trend": 99.747137, "fair_value": 54.814245, "relative_strength": 0.511542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.10459, "energy": 26.194078, "activity_lines": [ 110.170728, 112.48769, 106.205287, 102.156244 ] }, { "date": "2024-03-29", "close": 119.298897, "volume": 127646364, "typical_volume": 63397919.15, "trend": 99.852578, "fair_value": 55.307646, "relative_strength": 8.589656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.841336, "energy": 29.203264, "activity_lines": [ 112.761561, 113.974817, 107.993049, 103.417647 ] }, { "date": "2024-04-05", "close": 116.135674, "volume": 32236268, "typical_volume": 63370034.75, "trend": 100.093586, "fair_value": 55.78077, "relative_strength": 4.435963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.311319, "energy": 30.022349, "activity_lines": [ 113.876223, 114.369194, 109.321174, 104.46817 ] }, { "date": "2024-04-12", "close": 111.164886, "volume": 31605377, "typical_volume": 63689742.2, "trend": 100.31953, "fair_value": 56.22203, "relative_strength": -2.788666, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.404167, "energy": 28.233648, "activity_lines": [ 113.484586, 113.53936, 110.053236, 105.182447 ] }, { "date": "2024-04-19", "close": 101.223312, "volume": 27883131, "typical_volume": 63884322.25, "trend": 100.394845, "fair_value": 56.596969, "relative_strength": -6.742436, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.097319, "energy": 16.712888, "activity_lines": [ 109.77909, 111.09094, 109.727015, 105.240756 ] }, { "date": "2024-04-26", "close": 102.12709, "volume": 29041512, "typical_volume": 63625457.1, "trend": 100.289404, "fair_value": 56.979775, "relative_strength": -9.34252, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.662213, "energy": 11.539402, "activity_lines": [ 106.70624, 109.143706, 109.430919, 105.352514 ] }, { "date": "2024-05-03", "close": 100.771416, "volume": 14191365, "typical_volume": 63465792.6, "trend": 100.138774, "fair_value": 57.353373, "relative_strength": -11.916642, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.210863, "energy": 16.833063, "activity_lines": [ 103.633388, 107.32793, 108.929537, 105.383611 ] }, { "date": "2024-05-10", "close": 103.48275, "volume": 26374803, "typical_volume": 62338255.5, "trend": 100.394845, "fair_value": 57.742276, "relative_strength": -11.592262, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.377307, "energy": 19.943014, "activity_lines": [ 102.69948, 106.22696, 108.6102, 105.599351 ] }, { "date": "2024-05-17", "close": 103.030869, "volume": 16981140, "typical_volume": 58922877.25, "trend": 101.042553, "fair_value": 58.153185, "relative_strength": -14.526355, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 3.431186, "energy": 21.056396, "activity_lines": [ 102.458472, 105.314965, 108.211246, 105.769417 ] }, { "date": "2024-05-24", "close": 101.223312, "volume": 19076341, "typical_volume": 57586721.6, "trend": 101.702313, "fair_value": 58.582597, "relative_strength": -17.27064, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.557062, "energy": 23.967557, "activity_lines": [ 102.157214, 104.222214, 107.61217, 105.781079 ] }, { "date": "2024-05-31", "close": 106.645988, "volume": 31202549, "typical_volume": 56609910.65, "trend": 102.521739, "fair_value": 59.048327, "relative_strength": -11.347526, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.95287, "energy": 9.451231, "activity_lines": [ 103.663514, 104.205782, 107.472299, 106.100026 ] }, { "date": "2024-06-07", "close": 100.319527, "volume": 29897205, "typical_volume": 55749068.95, "trend": 102.99773, "fair_value": 59.466499, "relative_strength": -19.168955, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.086705, "energy": 14.643422, "activity_lines": [ 102.759734, 103.080165, 106.663201, 105.957948 ] }, { "date": "2024-06-14", "close": 101.223312, "volume": 14063620, "typical_volume": 50411675.0, "trend": 103.359242, "fair_value": 59.88372, "relative_strength": -20.730442, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.166762, "energy": 14.439194, "activity_lines": [ 102.187342, 102.463952, 105.894989, 105.843469 ] }, { "date": "2024-06-21", "close": 103.48275, "volume": 13633259, "typical_volume": 41980807.0, "trend": 103.883434, "fair_value": 60.31698, "relative_strength": -21.49764, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.856198, "energy": 14.145486, "activity_lines": [ 102.518724, 102.52968, 105.32905, 105.851438 ] }, { "date": "2024-06-28", "close": 103.934647, "volume": 12275002, "typical_volume": 40094019.95, "trend": 104.36545, "fair_value": 60.741984, "relative_strength": -20.306611, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.4242, "energy": 13.354202, "activity_lines": [ 102.970614, 102.817246, 104.892223, 105.854742 ] }, { "date": "2024-07-05", "close": 104.019089, "volume": 18035913, "typical_volume": 38408660.15, "trend": 104.961746, "fair_value": 61.172716, "relative_strength": -21.853352, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.646618, "energy": 8.482095, "activity_lines": [ 103.269896, 103.070869, 104.538753, 105.832396 ] }, { "date": "2024-07-12", "close": 97.488747, "volume": 17590855, "typical_volume": 34943388.25, "trend": 105.385553, "fair_value": 61.563663, "relative_strength": -27.565769, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.488265, "energy": 36.279407, "activity_lines": [ 101.567523, 102.102756, 103.653322, 105.350267 ] }, { "date": "2024-07-19", "close": 96.089386, "volume": 13454612, "typical_volume": 32787184.9, "trend": 105.395179, "fair_value": 61.941489, "relative_strength": -24.536634, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.00061, "energy": 56.270186, "activity_lines": [ 99.587415, 100.939899, 102.70835, 104.750514 ] }, { "date": "2024-07-26", "close": 90.678528, "volume": 13129603, "typical_volume": 28861792.75, "trend": 105.179253, "fair_value": 62.277366, "relative_strength": -25.482627, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.820282, "energy": 75.600128, "activity_lines": [ 96.14595, 98.927675, 101.354276, 103.801053 ] }, { "date": "2024-08-02", "close": 90.491943, "volume": 16187508, "typical_volume": 26891114.1, "trend": 105.222216, "fair_value": 62.612167, "relative_strength": -23.254706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.580816, "energy": 79.773975, "activity_lines": [ 93.495905, 97.106114, 100.079986, 102.853484 ] }, { "date": "2024-08-09", "close": 86.013985, "volume": 22888588, "typical_volume": 26369750.75, "trend": 105.001436, "fair_value": 62.924552, "relative_strength": -25.672385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.785559, "energy": 84.103241, "activity_lines": [ 90.249387, 94.665494, 98.453997, 101.614244 ] }, { "date": "2024-08-16", "close": 86.853607, "volume": 16306334, "typical_volume": 20802749.25, "trend": 104.868894, "fair_value": 63.265015, "relative_strength": -26.938733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.298587, "energy": 82.856321, "activity_lines": [ 88.483083, 92.752661, 97.016978, 100.443416 ] }, { "date": "2024-08-23", "close": 87.786507, "volume": 17271553, "typical_volume": 20054513.5, "trend": 104.511379, "fair_value": 63.621575, "relative_strength": -24.487247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.61893, "energy": 74.776376, "activity_lines": [ 87.736755, 91.25428, 95.823308, 99.341327 ] }, { "date": "2024-08-30", "close": 89.745613, "volume": 10687259, "typical_volume": 19008607.6, "trend": 103.450954, "fair_value": 63.9896, "relative_strength": -22.344703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.539706, "energy": 61.172019, "activity_lines": [ 88.196988, 90.356406, 94.951216, 98.388696 ] }, { "date": "2024-09-06", "close": 84.428047, "volume": 8867899, "typical_volume": 18057846.0, "trend": 102.27353, "fair_value": 64.316701, "relative_strength": -23.360013, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.175221, "energy": 57.523062, "activity_lines": [ 86.946894, 88.741469, 93.674685, 97.161412 ] }, { "date": "2024-09-13", "close": 84.334755, "volume": 6141885, "typical_volume": 16912864.65, "trend": 100.987554, "fair_value": 64.642385, "relative_strength": -23.933463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.963849, "energy": 55.20511, "activity_lines": [ 86.069962, 87.464234, 92.469247, 96.004072 ] }, { "date": "2024-09-20", "close": 88.999298, "volume": 7662759, "typical_volume": 16586434.35, "trend": 100.188449, "fair_value": 64.996876, "relative_strength": -20.563225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.818418, "energy": 46.317282, "activity_lines": [ 86.859826, 87.392995, 91.792776, 95.230636 ] }, { "date": "2024-09-27", "close": 89.559036, "volume": 5903926, "typical_volume": 15562890.5, "trend": 99.227246, "fair_value": 65.356048, "relative_strength": -21.637696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.910841, "energy": 38.924568, "activity_lines": [ 87.693223, 87.57788, 91.225672, 94.544867 ] }, { "date": "2024-10-04", "close": 87.226776, "volume": 3781763, "typical_volume": 14902921.65, "trend": 98.429309, "fair_value": 65.701911, "relative_strength": -21.153072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.646973, "energy": 34.195664, "activity_lines": [ 87.631032, 87.457452, 90.502751, 93.770643 ] }, { "date": "2024-10-11", "close": 95.156479, "volume": 12667225, "typical_volume": 14582465.85, "trend": 98.061389, "fair_value": 66.113917, "relative_strength": -15.727149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.319487, "energy": 18.830992, "activity_lines": [ 90.379997, 88.841547, 90.610297, 93.559493 ] }, { "date": "2024-10-18", "close": 101.220375, "volume": 92451078, "typical_volume": 17644892.3, "trend": 97.80522, "fair_value": 66.559327, "relative_strength": -12.326837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.691051, "energy": 14.50585, "activity_lines": [ 94.435033, 91.243359, 91.324247, 93.763299 ] }, { "date": "2024-10-25", "close": 96.555832, "volume": 34146717, "typical_volume": 17857367.9, "trend": 97.047118, "fair_value": 66.972647, "relative_strength": -15.568746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.055423, "energy": 18.657359, "activity_lines": [ 95.809512, 92.520592, 91.619791, 93.682693 ] }, { "date": "2024-11-01", "close": 91.798012, "volume": 16719924, "typical_volume": 17990183.1, "trend": 96.235862, "fair_value": 67.347539, "relative_strength": -17.421093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.654335, "energy": 18.878311, "activity_lines": [ 95.094283, 92.756363, 91.480131, 93.344041 ] }, { "date": "2024-11-08", "close": 92.730927, "volume": 16600486, "typical_volume": 18138544.45, "trend": 95.621397, "fair_value": 67.731419, "relative_strength": -18.932478, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.873281, "energy": 15.794138, "activity_lines": [ 94.540761, 93.088818, 91.474203, 93.117916 ] }, { "date": "2024-11-15", "close": 95.156479, "volume": 27352363, "typical_volume": 18892412.5, "trend": 95.419169, "fair_value": 68.121551, "relative_strength": -13.479275, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.859473, "energy": 7.444709, "activity_lines": [ 94.428812, 93.808005, 91.75048, 93.087921 ] }, { "date": "2024-11-22", "close": 97.9552, "volume": 23869476, "typical_volume": 19184090.65, "trend": 95.280106, "fair_value": 68.53892, "relative_strength": -11.280632, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.118089, "energy": 6.272967, "activity_lines": [ 95.24977, 94.840987, 92.335101, 93.251536 ] }, { "date": "2024-11-29", "close": 93.10408, "volume": 15176783, "typical_volume": 19063387.05, "trend": 95.024529, "fair_value": 68.903044, "relative_strength": -12.913652, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.63897, "energy": 10.97711, "activity_lines": [ 94.671367, 94.744303, 92.486587, 93.111148 ] }, { "date": "2024-12-06", "close": 96.555832, "volume": 13564205, "typical_volume": 19068866.7, "trend": 94.793631, "fair_value": 69.285739, "relative_strength": -13.033797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.924823, "energy": 12.835527, "activity_lines": [ 95.473664, 95.200578, 92.987691, 93.209941 ] }, { "date": "2024-12-13", "close": 95.156479, "volume": 9003802, "typical_volume": 18862576.65, "trend": 94.531152, "fair_value": 69.66712, "relative_strength": -13.420256, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.866621, "energy": 13.861408, "activity_lines": [ 95.492323, 95.275211, 93.353302, 93.233351 ] }, { "date": "2024-12-20", "close": 90.212067, "volume": 10489061, "typical_volume": 18577654.3, "trend": 94.16411, "fair_value": 70.021455, "relative_strength": -15.569933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.414641, "energy": 4.603829, "activity_lines": [ 93.70114, 94.306683, 93.226693, 92.9547 ] }, { "date": "2024-12-27", "close": 91.238266, "volume": 7956980, "typical_volume": 17831073.9, "trend": 93.650519, "fair_value": 70.389205, "relative_strength": -16.913178, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.311599, "energy": 12.166651, "activity_lines": [ 92.581652, 93.614635, 93.19915, 92.765936 ] }, { "date": "2025-01-03", "close": 88.066383, "volume": 4761782, "typical_volume": 17253846.3, "trend": 93.242081, "fair_value": 70.724043, "relative_strength": -18.09909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.270276, "energy": 25.702835, "activity_lines": [ 90.852665, 92.527375, 92.844645, 92.405669 ] }, { "date": "2025-01-10", "close": 89.09259, "volume": 9197484, "typical_volume": 16850142.85, "trend": 92.837724, "fair_value": 71.052334, "relative_strength": -17.035575, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.134549, "energy": 31.851878, "activity_lines": [ 89.801593, 91.781051, 92.582099, 92.13796 ] }, { "date": "2025-01-17", "close": 90.212067, "volume": 6716240, "typical_volume": 16651591.9, "trend": 92.395368, "fair_value": 71.397373, "relative_strength": -16.058582, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.453678, "energy": 30.945903, "activity_lines": [ 89.62123, 91.287457, 92.41995, 91.968563 ] }, { "date": "2025-01-24", "close": 91.051689, "volume": 2938732, "typical_volume": 16355133.55, "trend": 91.965936, "fair_value": 71.746426, "relative_strength": -16.078625, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.706037, "energy": 28.610172, "activity_lines": [ 90.050368, 90.99232, 92.335545, 91.881874 ] }, { "date": "2025-02-07", "close": 87.879799, "volume": 6306831, "typical_volume": 16363380.85, "trend": 91.427959, "fair_value": 72.065576, "relative_strength": -17.815585, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.947585, "energy": 26.12466, "activity_lines": [ 89.366234, 90.195108, 91.917513, 91.618252 ] }, { "date": "2025-02-14", "close": 88.532845, "volume": 5128861, "typical_volume": 16236685.95, "trend": 91.129429, "fair_value": 72.401763, "relative_strength": -15.038081, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.529424, "energy": 19.776125, "activity_lines": [ 89.123681, 89.699821, 91.544795, 91.431471 ] }, { "date": "2025-02-21", "close": 91.984596, "volume": 4766014, "typical_volume": 16179790.35, "trend": 90.992603, "fair_value": 72.73875, "relative_strength": -12.858035, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.627322, "energy": 6.998813, "activity_lines": [ 90.000613, 89.915238, 91.503037, 91.486643 ] }, { "date": "2025-02-28", "close": 87.693222, "volume": 3272495, "typical_volume": 16154326.95, "trend": 90.893093, "fair_value": 73.035922, "relative_strength": -13.671086, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.355232, "energy": 23.647586, "activity_lines": [ 89.254288, 89.433518, 91.041025, 91.273779 ] }, { "date": "2025-03-07", "close": 93.290665, "volume": 17039279, "typical_volume": 16372929.65, "trend": 90.986384, "fair_value": 73.387023, "relative_strength": -5.344004, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.244392, "energy": 4.002968, "activity_lines": [ 90.541699, 90.105212, 91.109883, 91.428461 ] }, { "date": "2025-03-14", "close": 100.753914, "volume": 55109667, "typical_volume": 14505859.1, "trend": 91.477715, "fair_value": 73.792801, "relative_strength": 5.537754, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.472449, "energy": 36.015861, "activity_lines": [ 94.167596, 92.077885, 91.898411, 92.058625 ] }, { "date": "2025-03-21", "close": 99.821007, "volume": 21713827, "typical_volume": 13884214.6, "trend": 91.909961, "fair_value": 74.196974, "relative_strength": 3.839602, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 67.054559, "energy": 59.883368, "activity_lines": [ 96.624248, 93.707927, 92.600312, 92.596902 ] }, { "date": "2025-03-28", "close": 87.506645, "volume": 15585519, "typical_volume": 13827494.35, "trend": 91.900633, "fair_value": 74.522755, "relative_strength": -5.858508, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 22.890516, "energy": 23.317628, "activity_lines": [ 94.22357, 92.885273, 92.113868, 92.312817 ] }, { "date": "2025-04-04", "close": 84.801216, "volume": 9197837, "typical_volume": 13457361.9, "trend": 91.735819, "fair_value": 74.832561, "relative_strength": -6.672831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.407285, "energy": 11.17074, "activity_lines": [ 91.219612, 91.599559, 91.390199, 91.85479 ] }, { "date": "2025-04-11", "close": 72.953293, "volume": 13643917, "typical_volume": 12771939.6, "trend": 91.353327, "fair_value": 75.06724, "relative_strength": -11.650843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.094524, "energy": 61.848488, "activity_lines": [ 84.459146, 88.258056, 89.575917, 90.643014 ] }, { "date": "2025-04-18", "close": 76.871513, "volume": 10665999, "typical_volume": 12111765.75, "trend": 91.104553, "fair_value": 75.336332, "relative_strength": -5.664263, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.936378, "energy": 71.762749, "activity_lines": [ 80.360579, 85.958018, 88.240529, 89.708703 ] }, { "date": "2025-04-25", "close": 80.323265, "volume": 13191908, "typical_volume": 12012522.0, "trend": 90.815352, "fair_value": 75.640129, "relative_strength": -3.292349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.93178, "energy": 72.484455, "activity_lines": [ 79.004756, 84.485722, 87.334277, 89.013136 ] }, { "date": "2025-05-02", "close": 84.054893, "volume": 8300025, "typical_volume": 11749313.0, "trend": 90.63188, "fair_value": 75.964565, "relative_strength": -2.791889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.499294, "energy": 68.509413, "activity_lines": [ 80.192658, 83.841169, 86.84428, 88.576978 ] }, { "date": "2025-05-09", "close": 87.693222, "volume": 14980625, "typical_volume": 12048154.15, "trend": 90.647428, "fair_value": 76.316152, "relative_strength": 1.155265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.435235, "energy": 33.606509, "activity_lines": [ 82.823453, 84.002307, 86.760318, 88.387387 ] }, { "date": "2025-05-16", "close": 94.223572, "volume": 16590500, "typical_volume": 12353226.1, "trend": 90.616331, "fair_value": 76.719444, "relative_strength": 4.398463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.531866, "energy": 12.499932, "activity_lines": [ 87.438231, 85.350782, 87.333833, 88.618106 ] }, { "date": "2025-05-23", "close": 96.089386, "volume": 13097261, "typical_volume": 12610240.15, "trend": 90.445299, "fair_value": 77.141533, "relative_strength": 7.611848, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.701001, "energy": 20.311352, "activity_lines": [ 91.256929, 87.021533, 88.065943, 88.971206 ] }, { "date": "2025-05-30", "close": 97.022293, "volume": 7165792, "typical_volume": 12730440.65, "trend": 90.460847, "fair_value": 77.560578, "relative_strength": 10.285301, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.110586, "energy": 29.498615, "activity_lines": [ 94.105404, 88.946713, 88.863801, 89.395528 ] }, { "date": "2025-06-06", "close": 100.28746, "volume": 13059103, "typical_volume": 12923521.6, "trend": 90.743829, "fair_value": 77.998913, "relative_strength": 12.561257, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.51708, "energy": 43.652723, "activity_lines": [ 96.929, 91.516446, 89.929979, 90.029503 ] }, { "date": "2025-06-13", "close": 97.022293, "volume": 21253586, "typical_volume": 13650388.9, "trend": 90.886874, "fair_value": 78.41249, "relative_strength": 6.959469, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.574475, "energy": 51.535495, "activity_lines": [ 97.582035, 93.260134, 90.631881, 90.434566 ] }, { "date": "2025-06-20", "close": 96.241112, "volume": 10792348, "typical_volume": 14043069.7, "trend": 90.923029, "fair_value": 78.816957, "relative_strength": 6.295058, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.607656, "energy": 44.548961, "activity_lines": [ 97.352739, 94.639587, 91.226954, 90.78 ] }, { "date": "2025-06-27", "close": 97.208359, "volume": 7090085, "typical_volume": 14082232.4, "trend": 90.898134, "fair_value": 79.241296, "relative_strength": 4.893983, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 56.084143, "energy": 48.747588, "activity_lines": [ 97.311356, 95.771488, 91.889435, 91.185505 ] }, { "date": "2025-07-04", "close": 96.337837, "volume": 9210967, "typical_volume": 14286337.7, "trend": 91.005926, "fair_value": 79.66197, "relative_strength": 4.222003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.187283, "energy": 33.264407, "activity_lines": [ 96.9052, 96.375352, 92.424587, 91.536454 ] }, { "date": "2025-07-11", "close": 99.142853, "volume": 11962476, "typical_volume": 14646160.8, "trend": 91.09216, "fair_value": 80.116832, "relative_strength": 6.325986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.702131, "energy": 37.525277, "activity_lines": [ 97.47968, 97.198045, 93.189717, 92.061417 ] }, { "date": "2025-07-18", "close": 109.782578, "volume": 38270597, "typical_volume": 16396065.9, "trend": 91.579697, "fair_value": 80.632264, "relative_strength": 14.222233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.61235, "energy": 67.570205, "activity_lines": [ 101.677043, 99.680907, 94.934068, 93.26725 ] }, { "date": "2025-07-25", "close": 108.815331, "volume": 18347355, "typical_volume": 16461469.7, "trend": 92.199805, "fair_value": 81.139799, "relative_strength": 13.065701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.372364, "energy": 76.9556, "activity_lines": [ 104.701304, 101.586281, 96.481112, 94.379227 ] }, { "date": "2025-08-01", "close": 111.233449, "volume": 12782652, "typical_volume": 14345118.95, "trend": 92.866312, "fair_value": 81.634279, "relative_strength": 14.885975, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.705217, "energy": 83.637843, "activity_lines": [ 107.693323, 103.666008, 98.184526, 95.607204 ] }, { "date": "2025-08-08", "close": 127.193031, "volume": 66753896, "typical_volume": 16597122.4, "trend": 94.170533, "fair_value": 82.230498, "relative_strength": 27.499549, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.369587, "energy": 96.047519, "activity_lines": [ 115.070197, 108.37213, 101.357997, 97.821831 ] }, { "date": "2025-08-15", "close": 131.545639, "volume": 57784328, "typical_volume": 18707062.85, "trend": 95.585635, "fair_value": 82.840481, "relative_strength": 29.327386, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.871216, "energy": 96.658709, "activity_lines": [ 121.840927, 113.321077, 104.81566, 100.233128 ] }, { "date": "2025-08-22", "close": 129.611145, "volume": 46219591, "typical_volume": 20558150.55, "trend": 96.898937, "fair_value": 83.429865, "relative_strength": 29.547471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.838823, "energy": 92.598375, "activity_lines": [ 125.80664, 117.349968, 107.879376, 102.428322 ] }, { "date": "2025-08-29", "close": 132.029266, "volume": 19120580, "typical_volume": 20831983.7, "trend": 98.264857, "fair_value": 84.028811, "relative_strength": 28.539647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.874668, "energy": 91.609184, "activity_lines": [ 129.256489, 121.225992, 110.960008, 104.694795 ] }, { "date": "2025-09-05", "close": 124.77491, "volume": 15775437, "typical_volume": 21087455.6, "trend": 99.494694, "fair_value": 84.590586, "relative_strength": 19.603022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.812759, "energy": 81.027761, "activity_lines": [ 128.740624, 123.132348, 113.068435, 106.405121 ] }, { "date": "2025-09-12", "close": 128.643906, "volume": 31919676, "typical_volume": 22023844.0, "trend": 100.831729, "fair_value": 85.184796, "relative_strength": 17.975719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.7972, "energy": 64.931207, "activity_lines": [ 128.61166, 125.240949, 115.317227, 108.285715 ] }, { "date": "2025-09-19", "close": 124.29129, "volume": 21302265, "typical_volume": 22673956.0, "trend": 101.908619, "fair_value": 85.757325, "relative_strength": 13.02242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.194427, "energy": 56.627996, "activity_lines": [ 126.935099, 125.970781, 116.921385, 109.799236 ] }, { "date": "2025-09-26", "close": 117.036934, "volume": 16528566, "typical_volume": 22751353.05, "trend": 102.886743, "fair_value": 86.27798, "relative_strength": 6.152264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.941931, "energy": 37.204303, "activity_lines": [ 123.324042, 124.924396, 117.643051, 110.775256 ] }, { "date": "2025-10-03", "close": 124.29129, "volume": 8731313, "typical_volume": 22358393.7, "trend": 103.920097, "fair_value": 86.853901, "relative_strength": 7.412796, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.421927, "energy": 31.932896, "activity_lines": [ 122.969385, 125.065087, 118.915875, 112.156194 ] }, { "date": "2025-10-10", "close": 127.676651, "volume": 17968108, "typical_volume": 22601936.05, "trend": 104.817521, "fair_value": 87.468488, "relative_strength": 7.785664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.361553, "energy": 31.245556, "activity_lines": [ 124.259047, 125.539917, 120.367936, 113.688875 ] }, { "date": "2025-10-17", "close": 131.062012, "volume": 68053594, "typical_volume": 25646326.15, "trend": 105.858888, "fair_value": 88.08866, "relative_strength": 10.326194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.723863, "energy": 37.523599, "activity_lines": [ 126.483713, 126.3313, 121.991996, 115.382068 ] }, { "date": "2025-10-24", "close": 131.545639, "volume": 14708669, "typical_volume": 25728804.45, "trend": 107.326855, "fair_value": 88.695816, "relative_strength": 9.581892, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.531641, "energy": 42.584149, "activity_lines": [ 128.708381, 127.140269, 123.500021, 117.039278 ] }, { "date": "2025-10-31", "close": 146.054352, "volume": 42555086, "typical_volume": 26793879.45, "trend": 109.368626, "fair_value": 89.406155, "relative_strength": 18.106317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.562194, "energy": 56.313489, "activity_lines": [ 135.285663, 130.587187, 126.240981, 119.537826 ] }, { "date": "2025-11-07", "close": 162.981186, "volume": 81522711, "typical_volume": 30330397.6, "trend": 112.369556, "fair_value": 90.221324, "relative_strength": 33.475238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.633848, "energy": 85.990412, "activity_lines": [ 145.570729, 136.812744, 130.360534, 122.996701 ] }, { "date": "2025-11-14", "close": 170.235535, "volume": 96950535, "typical_volume": 34823420.1, "trend": 115.48169, "fair_value": 91.066314, "relative_strength": 39.327007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.730765, "energy": 91.783115, "activity_lines": [ 155.694584, 143.794511, 134.853168, 126.72999 ] }, { "date": "2025-11-21", "close": 168.784668, "volume": 42732077, "typical_volume": 36499475.6, "trend": 118.430403, "fair_value": 91.898045, "relative_strength": 41.823588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.568195, "energy": 90.001391, "activity_lines": [ 162.497559, 149.685927, 138.859875, 130.168892 ] }, { "date": "2025-11-28", "close": 161.046692, "volume": 20703303, "typical_volume": 36936516.95, "trend": 120.996796, "fair_value": 92.673671, "relative_strength": 28.632009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.001205, "energy": 83.095283, "activity_lines": [ 164.206364, 153.440606, 141.784647, 132.91833 ] }, { "date": "2025-12-05", "close": 161.530304, "volume": 13888172, "typical_volume": 35717395.7, "trend": 123.458032, "fair_value": 93.455224, "relative_strength": 26.529992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.897435, "energy": 66.030508, "activity_lines": [ 164.109637, 156.614935, 144.460697, 135.533395 ] }, { "date": "2025-12-12", "close": 152.341461, "volume": 16309017, "typical_volume": 35615478.8, "trend": 125.395295, "fair_value": 94.160627, "relative_strength": 17.797892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.632277, "energy": 51.333509, "activity_lines": [ 159.918231, 157.309595, 146.015202, 137.396842 ] }, { "date": "2025-12-19", "close": 151.857834, "volume": 10500562, "typical_volume": 35501374.3, "trend": 127.254244, "fair_value": 94.878481, "relative_strength": 18.878222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.861675, "energy": 36.465416, "activity_lines": [ 156.274932, 157.406319, 147.31638, 139.104102 ] }, { "date": "2025-12-26", "close": 155.726822, "volume": 9200578, "typical_volume": 32623708.4, "trend": 129.211061, "fair_value": 95.612654, "relative_strength": 17.528511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.041674, "energy": 30.835449, "activity_lines": [ 155.146475, 157.766838, 148.792583, 140.941043 ] }, { "date": "2026-01-02", "close": 153.308701, "volume": 9790568, "typical_volume": 30224020.4, "trend": 130.978436, "fair_value": 96.341787, "relative_strength": 11.969282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.881476, "energy": 24.574533, "activity_lines": [ 154.082501, 157.239247, 149.902614, 142.495729 ] }, { "date": "2026-01-09", "close": 151.374207, "volume": 14918313, "typical_volume": 28658956.5, "trend": 132.790166, "fair_value": 97.070677, "relative_strength": 6.62154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.188657, "energy": 22.303321, "activity_lines": [ 152.889562, 155.964238, 150.724774, 143.811586 ] }, { "date": "2026-01-16", "close": 147.988846, "volume": 11002378, "typical_volume": 28253046.4, "trend": 134.515091, "fair_value": 97.777584, "relative_strength": 0.17564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.775663, "energy": 19.19115, "activity_lines": [ 151.245243, 153.976985, 151.120885, 144.792146 ] }, { "date": "2026-01-23", "close": 147.988846, "volume": 10860787, "typical_volume": 28007313.9, "trend": 136.207774, "fair_value": 98.494104, "relative_strength": -1.85118, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.667892, "energy": 17.298898, "activity_lines": [ 149.891097, 152.262319, 151.440997, 145.66142 ] }, { "date": "2026-01-30", "close": 138.316376, "volume": 11869034, "typical_volume": 27004781.8, "trend": 137.607058, "fair_value": 99.146924, "relative_strength": -8.723636, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.332118, "energy": 12.495244, "activity_lines": [ 145.570728, 149.193508, 150.72938, 145.797459 ] }, { "date": "2026-02-06", "close": 142.185364, "volume": 11712070, "typical_volume": 26525272.05, "trend": 139.041809, "fair_value": 99.813518, "relative_strength": -5.621964, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.924538, "energy": 16.485772, "activity_lines": [ 143.700717, 147.382118, 150.340178, 146.092834 ] }, { "date": "2026-02-13", "close": 139.767242, "volume": 4752339, "typical_volume": 25936460.7, "trend": 140.041298, "fair_value": 100.471398, "relative_strength": -12.378229, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.354727, "energy": 23.762681, "activity_lines": [ 141.766222, 145.474002, 149.635469, 146.139636 ] }, { "date": "2026-02-27", "close": 147.505219, "volume": 13036382, "typical_volume": 26151714.15, "trend": 141.330961, "fair_value": 101.176053, "relative_strength": -12.352772, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.618681, "energy": 24.739534, "activity_lines": [ 143.18485, 145.368484, 149.559471, 146.621179 ] }, { "date": "2026-03-06", "close": 132.512894, "volume": 27274541, "typical_volume": 26617035.8, "trend": 142.040275, "fair_value": 101.780079, "relative_strength": -17.054902, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.398095, "energy": 44.678636, "activity_lines": [ 139.638278, 142.62502, 147.94509, 146.052271 ] }, { "date": "2026-03-13", "close": 139.767242, "volume": 32419285, "typical_volume": 24835320.35, "trend": 142.459416, "fair_value": 102.429759, "relative_strength": -12.010922, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.83074, "energy": 23.776656, "activity_lines": [ 139.541553, 141.552255, 146.998569, 145.905624 ] }, { "date": "2026-03-20", "close": 138.800003, "volume": 65555626, "typical_volume": 27377668.2, "trend": 142.701228, "fair_value": 103.063909, "relative_strength": -12.835716, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.401982, "energy": 18.617355, "activity_lines": [ 139.02569, 140.593802, 145.918477, 145.669533 ] }, { "date": "2026-03-27", "close": 130.094772, "volume": 24456556, "typical_volume": 26472741.7, "trend": 142.717349, "fair_value": 103.625857, "relative_strength": -17.048256, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.927807, "energy": 33.541596, "activity_lines": [ 135.833774, 138.316374, 143.97477, 144.856213 ] }, { "date": "2026-04-03", "close": 118.487801, "volume": 14450752, "typical_volume": 23119143.75, "trend": 142.265967, "fair_value": 104.09474, "relative_strength": -23.067256, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.318816, "energy": 51.61163, "activity_lines": [ 129.417699, 134.315487, 141.001636, 143.293017 ] }, { "date": "2026-04-10", "close": 136.381882, "volume": 22257495, "typical_volume": 19384491.75, "trend": 142.652866, "fair_value": 104.672675, "relative_strength": -18.519467, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.244215, "energy": 40.027091, "activity_lines": [ 130.900812, 134.104452, 139.944573, 142.913398 ] }, { "date": "2026-04-17", "close": 141.701736, "volume": 24503358, "typical_volume": 18473055.8, "trend": 143.088127, "fair_value": 105.28867, "relative_strength": -18.56839, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -52.59041, "energy": 36.55052, "activity_lines": [ 133.899277, 135.071699, 139.555371, 142.852035 ] }, { "date": "2026-04-24", "close": 140.734497, "volume": 28934884, "typical_volume": 18884634.85, "trend": 143.636234, "fair_value": 105.891679, "relative_strength": -23.436365, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -38.948964, "energy": 22.483785, "activity_lines": [ 136.446363, 135.801532, 139.203017, 142.700188 ] }, { "date": "2026-05-01", "close": 140.25087, "volume": 11621702, "typical_volume": 18771311.35, "trend": 144.410031, "fair_value": 106.500635, "relative_strength": -23.551486, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.350974, "energy": 19.145644, "activity_lines": [ 138.703274, 136.469812, 138.901328, 142.481777 ] }, { "date": "2026-05-08", "close": 144.119858, "volume": 37854988, "typical_volume": 19848609.9, "trend": 145.070984, "fair_value": 107.127041, "relative_strength": -26.323731, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.357301, "energy": 17.315323, "activity_lines": [ 141.572774, 137.832751, 139.069445, 142.463057 ] }, { "date": "2026-05-15", "close": 135.414627, "volume": 26544476, "typical_volume": 20650805.6, "trend": 145.328916, "fair_value": 107.646752, "relative_strength": -29.788765, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.988523, "energy": 16.865159, "activity_lines": [ 139.831727, 137.674473, 138.447643, 141.840066 ] }, { "date": "2026-05-22", "close": 153.308701, "volume": 36214191, "typical_volume": 22001486.25, "trend": 146.070473, "fair_value": 108.261942, "relative_strength": -22.352432, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.060262, "energy": 8.882985, "activity_lines": [ 144.119855, 140.716904, 139.608339, 142.354891 ] }, { "date": "2026-05-29", "close": 153.792328, "volume": 45300278, "typical_volume": 23776971.75, "trend": 146.812029, "fair_value": 108.842346, "relative_strength": -26.095482, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.886499, "energy": 20.127643, "activity_lines": [ 147.795394, 143.60106, 140.82661, 142.853075 ] }, { "date": "2026-06-05", "close": 156.210449, "volume": 38924271, "typical_volume": 24977269.65, "trend": 147.150565, "fair_value": 109.36587, "relative_strength": -25.162575, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.002019, "energy": 34.168698, "activity_lines": [ 151.406451, 146.652285, 142.272875, 143.459425 ] }, { "date": "2026-06-12", "close": 144.0, "volume": 25983364, "typical_volume": 25726318.95, "trend": 146.517859, "fair_value": 109.791896, "relative_strength": -29.201, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.831829, "energy": 29.507761, "activity_lines": [ 149.883387, 147.008599, 142.533211, 143.256162 ] }, { "date": "2026-06-19", "close": 145.0, "volume": 8439211, "typical_volume": 25605240.15, "trend": 145.676675, "fair_value": 110.205671, "relative_strength": -31.869549, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.270126, "energy": 20.932261, "activity_lines": [ 148.701647, 147.082873, 142.907779, 143.158236 ] }, { "date": "2026-06-26", "close": 137.0, "volume": 15809715, "typical_volume": 25802274.2, "trend": 144.617186, "fair_value": 110.563641, "relative_strength": -32.527973, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.706114, "energy": 6.442596, "activity_lines": [ 144.214215, 145.545908, 142.534675, 142.59845 ] }, { "date": "2026-07-03", "close": 149.0, "volume": 9154056, "typical_volume": 25674373.5, "trend": 144.215629, "fair_value": 110.997968, "relative_strength": -29.750792, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.73612, "energy": 8.654293, "activity_lines": [ 144.81403, 146.276247, 143.310696, 142.881213 ] }, { "date": "2026-07-10", "close": 142.5, "volume": 0, "typical_volume": 25436756.55, "trend": 143.581286, "fair_value": 111.38554, "relative_strength": -30.369021, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.404072, "energy": 6.171932, "activity_lines": [ 143.566667, 145.674487, 143.435219, 142.770527 ] }, { "date": "2026-07-17", "close": 127.0, "volume": 10420379, "typical_volume": 25305956.4, "trend": 142.736571, "fair_value": 111.662009, "relative_strength": -33.649864, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.718588, "energy": 27.72134, "activity_lines": [ 138.066667, 142.213651, 142.070539, 141.700766 ] }, { "date": "2026-07-24", "close": 130.0, "volume": 7039447, "typical_volume": 24294201.7, "trend": 142.007976, "fair_value": 111.910203, "relative_strength": -33.120443, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.652991, "energy": 40.792167, "activity_lines": [ 134.7, 139.60954, 141.089217, 140.879052 ] }, { "date": "2026-07-31", "close": 131.0, "volume": 9625327, "typical_volume": 23154503.8, "trend": 141.183749, "fair_value": 111.953346, "relative_strength": -31.289134, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.664826, "energy": 45.638191, "activity_lines": [ 132.666667, 137.285695, 140.215099, 140.16886 ] }, { "date": "2026-08-07", "close": 151.5, "volume": 23718270, "typical_volume": 21062636.0, "trend": 141.123459, "fair_value": 112.087345, "relative_strength": -22.076462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.58906, "energy": 11.852508, "activity_lines": [ 137.866667, 139.094735, 141.335111, 140.834425 ] }, { "date": "2026-08-14", "close": 146.0, "volume": 12931513, "typical_volume": 20486383.85, "trend": 140.944318, "fair_value": 112.278783, "relative_strength": -26.828962, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.697093, "energy": 5.237973, "activity_lines": [ 141.066667, 139.945455, 141.870837, 141.14904 ] } ], "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." } } }