{ "ticker": { "uuid": "ec16bc92-6857-4095-ba6f-f08cbbbd4d35", "symbol": "3532", "name": "Formosa Sumco Technology Corporation", "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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 33.554, "architecture_energy": 23.195, "architecture_maturity": 77.0, "architecture_confidence": 95.883, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 41.16, "rotation_up": 25.8, "upward_expansion": 58.1, "deceleration": 88.33, "rotation_down": 33.5, "downward_expansion": 21.77 }, "activity_lines": [ 335.166667, 358.620508, 332.216343, 291.618775 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 356.0, "trend_reference": 240.124834, "distance_from_trend": 0.482562, "trend_direction": "Improving", "fair_value": 143.489693, "distance_from_fair_value": 1.481014, "fair_value_direction": "Improving", "relative_strength": 58.275494, "relative_strength_direction": "Improving", "price_momentum": 1.682454, "excess_performance": 1.241082, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.482562, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.603139, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.481014, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.737563, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.582755, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.183013, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.682454, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.849363, "read": "Demand-led" } ], "volume": { "latest": 42142816, "relative_activity": 2.030951, "balance": 1.849363, "dry_up": 1.654297, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.231572, "annualized_volatility": 1.107593, "from_high_reference": -0.355072, "from_low_reference": 3.585686 }, "levels": { "trend_reference": 240.124834, "fair_value_reference": 143.489693, "structural_low": 110.262619, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.046894, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.012253, "regime_survival": 0.5, "best_return": 0.313589, "worst_return": -0.123595, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.123529, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.033187, "regime_survival": 0.0, "best_return": 1.71777, "worst_return": -0.241135, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.511765, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.431588, "regime_survival": 0.0, "best_return": 1.745856, "worst_return": -0.006804, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.170707, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.291832, "regime_survival": 0.0, "best_return": 0.080382, "worst_return": -0.421795, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-13", "end": "2023-11-10", "tenure": "Developing", "return": 0.028939, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-17", "end": "2024-01-19", "tenure": "Developing", "return": 0.006289, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-26", "end": "2024-04-05", "tenure": "Developing", "return": 0.042945, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-08-09", "tenure": "Established", "return": -0.172714, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.003521, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2025-07-11", "tenure": "Extended", "return": -0.487045, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": -0.091713, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-12", "tenure": "New", "return": 0.035714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-19", "end": "2025-11-07", "tenure": "Developing", "return": -0.230769, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": 0.475138, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-13", "tenure": "Developing", "return": -0.139932, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.15331, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.661394, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-14", "end": "2026-08-14", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 135.63208, "volume": 6338814, "typical_volume": 7844216.1, "trend": 143.224305, "fair_value": 155.680648, "relative_strength": -12.232376, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.325942, "energy": 9.338159, "activity_lines": [ 145.524873, 147.712283, 145.814065, 144.868041 ] }, { "date": "2023-08-18", "close": 130.43364, "volume": 5060142, "typical_volume": 7713889.25, "trend": 143.106291, "fair_value": 155.784258, "relative_strength": -14.027437, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.720222, "energy": 26.761592, "activity_lines": [ 139.286743, 144.475274, 144.490514, 144.042837 ] }, { "date": "2023-08-25", "close": 131.851395, "volume": 1903238, "typical_volume": 7670982.15, "trend": 143.005463, "fair_value": 155.919494, "relative_strength": -13.126704, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.020254, "energy": 34.49569, "activity_lines": [ 135.474553, 141.732645, 143.394029, 143.316715 ] }, { "date": "2023-09-01", "close": 137.52243, "volume": 2870364, "typical_volume": 7553111.3, "trend": 142.687687, "fair_value": 156.133343, "relative_strength": -9.822662, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.18661, "energy": 47.854648, "activity_lines": [ 134.812934, 140.354966, 142.9036, 142.962971 ] }, { "date": "2023-09-08", "close": 135.63208, "volume": 2375396, "typical_volume": 7301442.9, "trend": 142.577555, "fair_value": 156.397055, "relative_strength": -10.212457, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.837598, "energy": 62.34706, "activity_lines": [ 134.686911, 138.815121, 142.272089, 142.50777 ] }, { "date": "2023-09-15", "close": 141.775696, "volume": 3632859, "typical_volume": 6982241.35, "trend": 142.702282, "fair_value": 156.719871, "relative_strength": -7.629649, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.557387, "energy": 37.868827, "activity_lines": [ 137.207368, 138.673815, 142.230678, 142.456037 ] }, { "date": "2023-09-22", "close": 135.63208, "volume": 2330790, "typical_volume": 6928989.4, "trend": 142.682369, "fair_value": 157.008939, "relative_strength": -8.122868, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.321412, "energy": 28.199995, "activity_lines": [ 137.270379, 137.462277, 141.569158, 141.999895 ] }, { "date": "2023-09-29", "close": 135.63208, "volume": 1220360, "typical_volume": 6786256.6, "trend": 142.692527, "fair_value": 157.289555, "relative_strength": -7.865115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.047888, "energy": 24.617175, "activity_lines": [ 136.986827, 136.688955, 140.906186, 141.545038 ] }, { "date": "2023-10-06", "close": 142.248276, "volume": 2840382, "typical_volume": 6751667.55, "trend": 142.652571, "fair_value": 157.570323, "relative_strength": -4.224467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.453356, "energy": 15.768916, "activity_lines": [ 138.656627, 137.393536, 140.852545, 141.516377 ] }, { "date": "2023-10-13", "close": 146.974121, "volume": 4435160, "typical_volume": 6790117.0, "trend": 142.589706, "fair_value": 157.932096, "relative_strength": -2.450164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.24463, "energy": 10.753668, "activity_lines": [ 141.586654, 139.189359, 141.216027, 141.795186 ] }, { "date": "2023-10-20", "close": 143.193436, "volume": 4220491, "typical_volume": 5958575.6, "trend": 142.250455, "fair_value": 158.258365, "relative_strength": -2.807898, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.106448, "energy": 10.913633, "activity_lines": [ 142.500315, 140.254822, 141.176872, 141.834137 ] }, { "date": "2023-10-27", "close": 146.501556, "volume": 3677882, "typical_volume": 5362224.05, "trend": 142.141765, "fair_value": 158.591754, "relative_strength": 1.40033, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.306466, "energy": 23.630806, "activity_lines": [ 144.422168, 141.784283, 141.494796, 142.108401 ] }, { "date": "2023-11-03", "close": 147.919312, "volume": 5114050, "typical_volume": 5027668.15, "trend": 142.215662, "fair_value": 158.849711, "relative_strength": 0.272833, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.933294, "energy": 39.930298, "activity_lines": [ 146.091974, 143.279373, 141.933198, 142.481146 ] }, { "date": "2023-11-10", "close": 151.227402, "volume": 7454065, "typical_volume": 5249723.65, "trend": 142.399828, "fair_value": 159.134508, "relative_strength": 1.737198, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.895564, "energy": 59.06275, "activity_lines": [ 148.045328, 145.08379, 142.697581, 143.062549 ] }, { "date": "2023-11-17", "close": 150.282227, "volume": 4174306, "typical_volume": 5111728.25, "trend": 142.853216, "fair_value": 159.461141, "relative_strength": -1.608755, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.025611, "energy": 61.007719, "activity_lines": [ 149.085015, 146.467176, 143.35423, 143.571091 ] }, { "date": "2023-11-24", "close": 146.501556, "volume": 4907375, "typical_volume": 5079985.0, "trend": 143.255763, "fair_value": 159.718462, "relative_strength": -4.160961, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.281145, "energy": 49.601482, "activity_lines": [ 148.643938, 146.896801, 143.654783, 143.806467 ] }, { "date": "2023-12-01", "close": 153.117737, "volume": 7509907, "typical_volume": 4814104.85, "trend": 143.848777, "fair_value": 160.054819, "relative_strength": -0.399962, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.100277, "energy": 52.72659, "activity_lines": [ 150.187714, 148.443444, 144.575198, 144.442724 ] }, { "date": "2023-12-08", "close": 151.699982, "volume": 9038942, "typical_volume": 4811381.75, "trend": 144.529859, "fair_value": 160.328559, "relative_strength": -0.78936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.466359, "energy": 39.039746, "activity_lines": [ 150.817825, 149.414391, 145.392096, 144.949253 ] }, { "date": "2023-12-15", "close": 173.438919, "volume": 25897979, "typical_volume": 5579910.85, "trend": 145.800246, "fair_value": 160.671218, "relative_strength": 11.448427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.801331, "energy": 76.177471, "activity_lines": [ 158.442205, 154.045729, 148.274867, 146.814354 ] }, { "date": "2023-12-22", "close": 177.6922, "volume": 47791074, "typical_volume": 7639678.8, "trend": 147.12219, "fair_value": 160.984795, "relative_strength": 14.517789, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.580798, "energy": 89.525036, "activity_lines": [ 166.003577, 158.883288, 151.474947, 148.871899 ] }, { "date": "2023-12-29", "close": 159.261353, "volume": 22889194, "typical_volume": 8467197.8, "trend": 147.363645, "fair_value": 161.245025, "relative_strength": 0.747471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.385769, "energy": 73.147868, "activity_lines": [ 165.594002, 159.811274, 152.76218, 149.655071 ] }, { "date": "2024-01-05", "close": 155.008102, "volume": 6341373, "typical_volume": 8531259.35, "trend": 147.749016, "fair_value": 161.472355, "relative_strength": 0.324034, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.924737, "energy": 65.47433, "activity_lines": [ 162.916023, 159.673797, 153.53182, 150.148262 ] }, { "date": "2024-01-12", "close": 154.062912, "volume": 5345160, "typical_volume": 8703355.45, "trend": 147.877336, "fair_value": 161.713347, "relative_strength": -0.185577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.970576, "energy": 37.597334, "activity_lines": [ 159.796956, 159.209803, 154.094422, 150.55561 ] }, { "date": "2024-01-19", "close": 151.227402, "volume": 5656031, "typical_volume": 8842638.8, "trend": 148.001357, "fair_value": 161.922077, "relative_strength": -2.854652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.168264, "energy": 22.469138, "activity_lines": [ 155.575191, 158.11856, 154.281205, 150.771743 ] }, { "date": "2024-01-26", "close": 154.062912, "volume": 5811534, "typical_volume": 9014445.7, "trend": 148.099603, "fair_value": 162.101088, "relative_strength": -2.657295, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.27273, "energy": 22.538914, "activity_lines": [ 153.779364, 157.542864, 154.672776, 151.162811 ] }, { "date": "2024-02-02", "close": 152.645157, "volume": 2601212, "typical_volume": 8962863.35, "trend": 148.376137, "fair_value": 162.285098, "relative_strength": -3.694812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.478665, "energy": 20.437131, "activity_lines": [ 153.086238, 156.640655, 154.841556, 151.456073 ] }, { "date": "2024-02-09", "close": 152.172562, "volume": 701300, "typical_volume": 8881388.85, "trend": 148.124091, "fair_value": 162.432271, "relative_strength": -4.078653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.344892, "energy": 18.576378, "activity_lines": [ 152.676659, 155.540817, 154.913568, 151.701004 ] }, { "date": "2024-02-16", "close": 145.556381, "volume": 3271871, "typical_volume": 8983964.4, "trend": 147.95081, "fair_value": 162.64409, "relative_strength": -10.554967, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.02362, "energy": 10.439117, "activity_lines": [ 150.250723, 153.255223, 154.276704, 151.535345 ] }, { "date": "2024-02-23", "close": 151.699982, "volume": 4532937, "typical_volume": 9068592.15, "trend": 147.840539, "fair_value": 162.900926, "relative_strength": -8.018233, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.979078, "energy": 12.973748, "activity_lines": [ 150.439756, 152.198349, 154.177685, 151.777227 ] }, { "date": "2024-03-01", "close": 148.391891, "volume": 2647376, "typical_volume": 8979202.95, "trend": 147.966562, "fair_value": 163.006959, "relative_strength": -10.081052, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.881825, "energy": 12.595042, "activity_lines": [ 149.494587, 150.935257, 153.718602, 151.812798 ] }, { "date": "2024-03-08", "close": 153.590347, "volume": 12024982, "typical_volume": 9369427.5, "trend": 148.565171, "fair_value": 163.146316, "relative_strength": -10.635408, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.362851, "energy": 11.018653, "activity_lines": [ 150.660305, 151.150072, 153.747859, 152.175623 ] }, { "date": "2024-03-15", "close": 151.699982, "volume": 7972643, "typical_volume": 9584165.55, "trend": 149.274049, "fair_value": 163.324267, "relative_strength": -10.894322, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.383322, "energy": 10.365684, "activity_lines": [ 151.132888, 151.124293, 153.547573, 152.377869 ] }, { "date": "2024-03-22", "close": 158.788788, "volume": 8847727, "typical_volume": 9770849.4, "trend": 150.171962, "fair_value": 163.573015, "relative_strength": -8.885615, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.527466, "energy": 19.535768, "activity_lines": [ 153.999912, 152.447536, 153.997656, 152.991723 ] }, { "date": "2024-03-29", "close": 156.898438, "volume": 4825884, "typical_volume": 9639440.35, "trend": 150.817829, "fair_value": 163.818098, "relative_strength": -9.919983, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.193871, "energy": 25.874848, "activity_lines": [ 155.354658, 153.341154, 154.215946, 153.425689 ] }, { "date": "2024-04-05", "close": 160.679123, "volume": 2372697, "typical_volume": 9549359.9, "trend": 151.65273, "fair_value": 164.076146, "relative_strength": -7.676215, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.55376, "energy": 44.678819, "activity_lines": [ 157.623069, 154.819059, 154.767297, 154.061902 ] }, { "date": "2024-04-12", "close": 164.932373, "volume": 6391741, "typical_volume": 9623578.2, "trend": 152.42462, "fair_value": 164.361459, "relative_strength": -6.805827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.171903, "energy": 63.384841, "activity_lines": [ 160.490082, 156.949988, 155.67421, 154.918653 ] }, { "date": "2024-04-19", "close": 155.480682, "volume": 7314145, "typical_volume": 9613790.1, "trend": 153.08624, "fair_value": 164.507298, "relative_strength": -6.537096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.864535, "energy": 50.321422, "activity_lines": [ 159.450396, 157.139023, 155.593196, 155.115818 ] }, { "date": "2024-04-26", "close": 166.822723, "volume": 9132640, "typical_volume": 9618475.0, "trend": 154.125928, "fair_value": 164.748382, "relative_strength": -2.602442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.607924, "energy": 61.299045, "activity_lines": [ 161.939343, 159.3301, 156.581124, 156.002043 ] }, { "date": "2024-05-03", "close": 162.096878, "volume": 6823318, "typical_volume": 8664741.95, "trend": 154.787548, "fair_value": 164.680257, "relative_strength": -6.192621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.375296, "energy": 45.320307, "activity_lines": [ 162.317413, 160.275272, 157.046959, 156.516298 ] }, { "date": "2024-05-10", "close": 159.733948, "volume": 3882797, "typical_volume": 6469328.1, "trend": 155.212875, "fair_value": 164.622341, "relative_strength": -9.094572, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.641479, "energy": 29.31509, "activity_lines": [ 161.561277, 160.601786, 157.341763, 156.83542 ] }, { "date": "2024-05-17", "close": 154.535507, "volume": 3951555, "typical_volume": 5522446.15, "trend": 155.590944, "fair_value": 164.64943, "relative_strength": -14.113308, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.31824, "energy": 17.909197, "activity_lines": [ 159.135339, 159.776909, 157.226992, 156.791719 ] }, { "date": "2024-05-24", "close": 155.008102, "volume": 2696403, "typical_volume": 5340197.65, "trend": 155.874496, "fair_value": 164.803509, "relative_strength": -14.84915, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.217744, "energy": 12.900403, "activity_lines": [ 157.560057, 159.020774, 157.179735, 156.754116 ] }, { "date": "2024-05-31", "close": 160.206528, "volume": 4272348, "typical_volume": 5286557.05, "trend": 156.28407, "fair_value": 164.945835, "relative_strength": -10.053752, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.230832, "energy": 16.4987, "activity_lines": [ 157.74909, 159.14966, 157.627566, 157.033602 ] }, { "date": "2024-06-07", "close": 167.295319, "volume": 8243554, "typical_volume": 5415933.2, "trend": 156.819667, "fair_value": 165.074438, "relative_strength": -8.838365, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.182442, "energy": 24.156721, "activity_lines": [ 160.742132, 160.54164, 158.721264, 157.744005 ] }, { "date": "2024-06-14", "close": 161.624283, "volume": 3849032, "typical_volume": 5317808.1, "trend": 157.197736, "fair_value": 165.149785, "relative_strength": -14.161792, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.123367, "energy": 26.923287, "activity_lines": [ 161.498266, 160.713488, 159.19835, 158.053981 ] }, { "date": "2024-06-21", "close": 169.658264, "volume": 8630795, "typical_volume": 5619287.25, "trend": 157.969626, "fair_value": 165.265362, "relative_strength": -12.538944, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.373692, "energy": 55.128926, "activity_lines": [ 164.806371, 162.328875, 160.40457, 158.857886 ] }, { "date": "2024-06-28", "close": 164.459793, "volume": 12570306, "typical_volume": 6212737.55, "trend": 158.347694, "fair_value": 165.31099, "relative_strength": -14.049523, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.389184, "energy": 52.232123, "activity_lines": [ 165.373469, 162.913161, 161.034684, 159.276606 ] }, { "date": "2024-07-05", "close": 174.856689, "volume": 9943480, "typical_volume": 6546318.0, "trend": 159.119585, "fair_value": 165.395092, "relative_strength": -10.392879, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.093849, "energy": 62.927208, "activity_lines": [ 168.776086, 165.224534, 162.596467, 160.341703 ] }, { "date": "2024-07-12", "close": 170.130829, "volume": 4500704, "typical_volume": 6544706.35, "trend": 159.009315, "fair_value": 165.4489, "relative_strength": -13.701834, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.692453, "energy": 58.352612, "activity_lines": [ 169.626739, 166.530588, 163.568643, 161.052105 ] }, { "date": "2024-07-19", "close": 163.514633, "volume": 3647263, "typical_volume": 6594700.7, "trend": 158.536729, "fair_value": 165.423671, "relative_strength": -12.912385, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.73981, "energy": 35.303428, "activity_lines": [ 168.08296, 166.487626, 163.822939, 161.342771 ] }, { "date": "2024-07-26", "close": 153.014694, "volume": 2703545, "typical_volume": 6128628.85, "trend": 158.328507, "fair_value": 165.232528, "relative_strength": -15.335441, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.455104, "energy": 11.039784, "activity_lines": [ 162.913177, 164.466844, 163.005227, 160.986511 ] }, { "date": "2024-08-02", "close": 146.679688, "volume": 3009027, "typical_volume": 5880448.05, "trend": 158.050894, "fair_value": 165.085296, "relative_strength": -16.681798, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -29.996745, "energy": 27.202112, "activity_lines": [ 156.741297, 161.321894, 161.586924, 160.234974 ] }, { "date": "2024-08-09", "close": 136.446228, "volume": 3257602, "typical_volume": 5600941.8, "trend": 157.463671, "fair_value": 164.888482, "relative_strength": -21.54779, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -42.012358, "energy": 50.728087, "activity_lines": [ 148.343605, 156.46774, 159.217911, 158.841125 ] }, { "date": "2024-08-16", "close": 138.395462, "volume": 1601554, "typical_volume": 5439725.3, "trend": 157.03594, "fair_value": 164.715562, "relative_strength": -23.238864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.388415, "energy": 69.633404, "activity_lines": [ 143.156354, 152.399999, 157.140932, 157.610918 ] }, { "date": "2024-08-23", "close": 138.882767, "volume": 1252426, "typical_volume": 5383711.75, "trend": 156.529935, "fair_value": 164.599908, "relative_strength": -21.981462, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.349161, "energy": 80.967748, "activity_lines": [ 140.247229, 148.94631, 155.198473, 156.439745 ] }, { "date": "2024-08-30", "close": 144.730453, "volume": 1414861, "typical_volume": 5134867.75, "trend": 156.266111, "fair_value": 164.558786, "relative_strength": -18.755442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.488617, "energy": 77.154466, "activity_lines": [ 140.929458, 146.969318, 153.916729, 155.678488 ] }, { "date": "2024-09-06", "close": 129.623917, "volume": 2964393, "typical_volume": 4917380.15, "trend": 155.51449, "fair_value": 164.383781, "relative_strength": -24.018127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.059902, "energy": 80.033403, "activity_lines": [ 137.128457, 142.698917, 151.292466, 153.959637 ] }, { "date": "2024-09-13", "close": 130.111221, "volume": 1503906, "typical_volume": 4535943.45, "trend": 154.999651, "fair_value": 164.140658, "relative_strength": -24.431627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.286505, "energy": 72.021623, "activity_lines": [ 134.626942, 139.150496, 148.837741, 152.320716 ] }, { "date": "2024-09-20", "close": 129.136612, "volume": 1275106, "typical_volume": 4258532.85, "trend": 154.247539, "fair_value": 163.919785, "relative_strength": -25.905846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.857406, "energy": 71.266768, "activity_lines": [ 132.222891, 136.238428, 146.465013, 150.652133 ] }, { "date": "2024-09-27", "close": 134.009689, "volume": 2314351, "typical_volume": 4180110.55, "trend": 153.768132, "fair_value": 163.764345, "relative_strength": -24.90002, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.364239, "energy": 69.593281, "activity_lines": [ 132.060456, 134.957723, 144.71334, 149.346466 ] }, { "date": "2024-10-04", "close": 128.161987, "volume": 1018550, "typical_volume": 4033460.3, "trend": 152.92052, "fair_value": 163.602766, "relative_strength": -25.980872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.30636, "energy": 69.114558, "activity_lines": [ 130.273659, 133.150252, 142.527241, 147.694456 ] }, { "date": "2024-10-11", "close": 128.649292, "volume": 1171024, "typical_volume": 3957191.35, "trend": 152.152164, "fair_value": 163.566846, "relative_strength": -27.075338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.40554, "energy": 61.485598, "activity_lines": [ 129.753861, 131.88325, 140.513139, 146.128571 ] }, { "date": "2024-10-18", "close": 127.187378, "volume": 2182873, "typical_volume": 3852717.6, "trend": 151.098783, "fair_value": 163.495907, "relative_strength": -29.118674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.217118, "energy": 56.207601, "activity_lines": [ 128.811734, 130.678271, 138.485326, 144.517939 ] }, { "date": "2024-10-25", "close": 118.415825, "volume": 6416926, "typical_volume": 3761386.2, "trend": 149.81603, "fair_value": 163.365891, "relative_strength": -32.93805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.398046, "energy": 76.06845, "activity_lines": [ 125.140678, 128.046807, 135.779361, 142.409361 ] }, { "date": "2024-11-01", "close": 119.877754, "volume": 2098573, "typical_volume": 3673863.25, "trend": 148.455984, "fair_value": 163.259495, "relative_strength": -29.755664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.041291, "energy": 77.337951, "activity_lines": [ 122.671652, 126.044415, 133.445386, 140.47786 ] }, { "date": "2024-11-08", "close": 118.903137, "volume": 1937799, "typical_volume": 3339213.45, "trend": 146.921676, "fair_value": 163.124054, "relative_strength": -31.91367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.568607, "energy": 85.740401, "activity_lines": [ 120.819882, 124.210364, 131.217384, 138.571224 ] }, { "date": "2024-11-15", "close": 114.03006, "volume": 1967156, "typical_volume": 2809055.95, "trend": 145.539989, "fair_value": 162.891833, "relative_strength": -31.716664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.476096, "energy": 88.685735, "activity_lines": [ 117.961009, 121.959888, 128.766971, 136.449185 ] }, { "date": "2024-11-22", "close": 113.542747, "volume": 2151021, "typical_volume": 2419433.0, "trend": 143.763989, "fair_value": 162.542502, "relative_strength": -31.860369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.722085, "energy": 83.083637, "activity_lines": [ 115.914315, 119.904334, 126.510288, 134.384846 ] }, { "date": "2024-11-29", "close": 110.131599, "volume": 2386195, "typical_volume": 2313707.55, "trend": 142.031814, "fair_value": 162.159907, "relative_strength": -31.305946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.946432, "energy": 80.16322, "activity_lines": [ 113.640213, 117.529815, 124.220705, 132.215015 ] }, { "date": "2024-12-06", "close": 110.618904, "volume": 1641504, "typical_volume": 2213419.6, "trend": 140.394645, "fair_value": 161.526816, "relative_strength": -33.063652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.427307, "energy": 82.938092, "activity_lines": [ 112.080828, 115.589444, 122.263243, 130.188375 ] }, { "date": "2024-12-13", "close": 102.821976, "volume": 2396803, "typical_volume": 2198082.5, "trend": 138.670861, "fair_value": 160.729759, "relative_strength": -36.396803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.019622, "energy": 88.339779, "activity_lines": [ 108.539723, 112.656736, 119.8151, 127.764332 ] }, { "date": "2024-12-20", "close": 97.948898, "volume": 6967943, "typical_volume": 2396028.3, "trend": 136.768888, "fair_value": 159.662093, "relative_strength": -37.047126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.811225, "energy": 92.114495, "activity_lines": [ 104.446337, 109.298742, 117.141868, 125.137109 ] }, { "date": "2024-12-27", "close": 99.41082, "volume": 8526704, "typical_volume": 2659483.4, "trend": 134.742364, "fair_value": 158.620896, "relative_strength": -37.40565, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.21467, "energy": 89.286403, "activity_lines": [ 101.912335, 106.764741, 114.839918, 122.726911 ] }, { "date": "2025-01-03", "close": 89.372276, "volume": 4138551, "typical_volume": 2786333.25, "trend": 132.144929, "fair_value": 157.461206, "relative_strength": -42.015608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.056039, "energy": 92.092792, "activity_lines": [ 96.974281, 102.910578, 111.758276, 119.799808 ] }, { "date": "2025-01-10", "close": 85.37635, "volume": 3834154, "typical_volume": 2915419.65, "trend": 129.603331, "fair_value": 156.355692, "relative_strength": -44.043825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.065881, "energy": 92.916752, "activity_lines": [ 92.088206, 98.857947, 108.529512, 116.782481 ] }, { "date": "2025-01-17", "close": 87.715431, "volume": 2322646, "typical_volume": 2960808.9, "trend": 126.871904, "fair_value": 155.419053, "relative_strength": -42.048417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.161128, "energy": 84.169473, "activity_lines": [ 89.664661, 95.857903, 105.778311, 114.080036 ] }, { "date": "2025-01-24", "close": 89.079887, "volume": 829209, "typical_volume": 2854049.7, "trend": 124.35924, "fair_value": 154.471213, "relative_strength": -41.266105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.372372, "energy": 82.193127, "activity_lines": [ 88.703039, 93.67299, 103.428558, 111.641841 ] }, { "date": "2025-02-07", "close": 82.452499, "volume": 2075050, "typical_volume": 2882606.9, "trend": 121.2791, "fair_value": 153.503686, "relative_strength": -44.711896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.644006, "energy": 74.930303, "activity_lines": [ 86.123554, 90.736737, 100.640692, 108.93818 ] }, { "date": "2025-02-14", "close": 88.397659, "volume": 2604388, "typical_volume": 2949071.0, "trend": 118.554661, "fair_value": 152.463134, "relative_strength": -39.044385, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.155757, "energy": 65.930023, "activity_lines": [ 86.656344, 89.4467, 98.645978, 106.816797 ] }, { "date": "2025-02-21", "close": 95.219971, "volume": 4295636, "typical_volume": 3048135.25, "trend": 116.278173, "fair_value": 151.397922, "relative_strength": -35.180048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.960452, "energy": 61.384647, "activity_lines": [ 89.528213, 89.792246, 97.495003, 105.311333 ] }, { "date": "2025-02-28", "close": 93.46566, "volume": 1619690, "typical_volume": 3078192.25, "trend": 114.293205, "fair_value": 150.398406, "relative_strength": -33.686364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.341019, "energy": 50.998853, "activity_lines": [ 91.15907, 90.098806, 96.361664, 103.839558 ] }, { "date": "2025-03-07", "close": 91.516434, "volume": 2398912, "typical_volume": 3139586.65, "trend": 112.45443, "fair_value": 149.520328, "relative_strength": -32.898718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.457353, "energy": 38.514775, "activity_lines": [ 91.756836, 90.221077, 95.207904, 102.370089 ] }, { "date": "2025-03-14", "close": 91.32151, "volume": 2078638, "typical_volume": 3134374.9, "trend": 110.950272, "fair_value": 148.475721, "relative_strength": -30.389383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.640418, "energy": 31.530028, "activity_lines": [ 92.127191, 90.424861, 94.212404, 101.006675 ] }, { "date": "2025-03-21", "close": 89.859581, "volume": 1888260, "typical_volume": 2907941.6, "trend": 109.33241, "fair_value": 147.376148, "relative_strength": -31.438828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.403662, "energy": 35.7276, "activity_lines": [ 91.418969, 90.509918, 93.248462, 99.645985 ] }, { "date": "2025-03-28", "close": 84.499199, "volume": 1609730, "typical_volume": 2883499.45, "trend": 107.519624, "fair_value": 145.937301, "relative_strength": -32.857858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.225185, "energy": 49.52585, "activity_lines": [ 88.826492, 89.6115, 91.90999, 98.043842 ] }, { "date": "2025-04-04", "close": 80.795662, "volume": 1376063, "typical_volume": 2855412.65, "trend": 105.388465, "fair_value": 144.551654, "relative_strength": -34.02473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.901498, "energy": 57.63041, "activity_lines": [ 85.71422, 88.05566, 90.387269, 96.319716 ] }, { "date": "2025-04-11", "close": 69.977425, "volume": 3604133, "typical_volume": 2937261.5, "trend": 103.400248, "fair_value": 143.398722, "relative_strength": -36.768114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.732643, "energy": 82.637784, "activity_lines": [ 79.840536, 84.658681, 88.015704, 94.035133 ] }, { "date": "2025-04-18", "close": 72.31649, "volume": 1497030, "typical_volume": 2904561.95, "trend": 101.473757, "fair_value": 142.337725, "relative_strength": -33.246829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.293774, "energy": 89.348399, "activity_lines": [ 76.182474, 82.034305, 86.076682, 92.029729 ] }, { "date": "2025-04-25", "close": 76.409889, "volume": 1131249, "typical_volume": 2841814.65, "trend": 99.7162, "fair_value": 141.528091, "relative_strength": -30.173961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.776786, "energy": 82.796206, "activity_lines": [ 75.15588, 80.338474, 84.723823, 90.412705 ] }, { "date": "2025-05-02", "close": 77.481964, "volume": 757766, "typical_volume": 2797627.75, "trend": 97.831942, "fair_value": 140.810818, "relative_strength": -31.214217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.813846, "energy": 72.185597, "activity_lines": [ 75.383291, 79.055525, 83.633645, 88.978238 ] }, { "date": "2025-05-09", "close": 76.799736, "volume": 1156893, "typical_volume": 2735632.25, "trend": 96.119867, "fair_value": 140.191759, "relative_strength": -31.184735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.640942, "energy": 54.931239, "activity_lines": [ 75.851107, 77.971044, 82.636289, 87.621322 ] }, { "date": "2025-05-16", "close": 78.554039, "volume": 1223190, "typical_volume": 2448394.6, "trend": 94.450025, "fair_value": 139.475659, "relative_strength": -31.590154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.320311, "energy": 45.882066, "activity_lines": [ 77.170087, 77.508544, 81.929924, 86.488042 ] }, { "date": "2025-05-23", "close": 76.604813, "volume": 3122342, "typical_volume": 2178176.5, "trend": 92.76394, "fair_value": 138.661575, "relative_strength": -31.766379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.631895, "energy": 38.537851, "activity_lines": [ 77.26755, 76.927319, 81.130276, 85.336738 ] }, { "date": "2025-05-30", "close": 72.121574, "volume": 2152053, "typical_volume": 2078851.6, "trend": 91.220798, "fair_value": 137.738961, "relative_strength": -33.908279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.900178, "energy": 46.75094, "activity_lines": [ 75.584712, 75.798537, 80.012252, 84.004973 ] }, { "date": "2025-06-06", "close": 70.367264, "volume": 2067866, "typical_volume": 1990537.2, "trend": 89.570448, "fair_value": 136.796553, "relative_strength": -35.399518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.392202, "energy": 51.311878, "activity_lines": [ 73.602991, 74.673297, 78.809297, 82.659584 ] }, { "date": "2025-06-13", "close": 71.341881, "volume": 1361641, "typical_volume": 1942486.95, "trend": 87.985073, "fair_value": 135.743557, "relative_strength": -34.622696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.884817, "energy": 54.950959, "activity_lines": [ 72.420457, 73.982206, 77.770635, 81.483547 ] }, { "date": "2025-06-20", "close": 72.901276, "volume": 2176668, "typical_volume": 2009859.9, "trend": 86.614114, "fair_value": 134.786046, "relative_strength": -32.087558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.315677, "energy": 54.158238, "activity_lines": [ 72.121577, 73.746527, 76.958456, 80.510399 ] }, { "date": "2025-06-27", "close": 78.359123, "volume": 2363446, "typical_volume": 2024279.7, "trend": 85.441326, "fair_value": 134.111442, "relative_strength": -27.637236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.340938, "energy": 39.261617, "activity_lines": [ 74.018831, 74.450024, 76.743113, 79.977819 ] }, { "date": "2025-07-04", "close": 75.825119, "volume": 1508480, "typical_volume": 1969484.3, "trend": 84.297777, "fair_value": 133.545979, "relative_strength": -28.79758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.446894, "energy": 26.657657, "activity_lines": [ 74.954463, 74.582926, 76.305928, 79.357418 ] }, { "date": "2025-07-11", "close": 74.240173, "volume": 1011091, "typical_volume": 1805257.05, "trend": 83.085153, "fair_value": 133.087191, "relative_strength": -29.719211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.044542, "energy": 24.366462, "activity_lines": [ 75.114876, 74.438289, 75.777665, 78.708541 ] }, { "date": "2025-07-18", "close": 90.305588, "volume": 10428450, "typical_volume": 2245695.05, "trend": 82.66794, "fair_value": 132.722838, "relative_strength": -15.686136, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 14.556694, "energy": 21.890033, "activity_lines": [ 80.372234, 77.273577, 76.879346, 79.174375 ] }, { "date": "2025-07-25", "close": 87.411812, "volume": 10288618, "typical_volume": 2640180.35, "trend": 82.316703, "fair_value": 132.328939, "relative_strength": -17.13654, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.773968, "energy": 34.56888, "activity_lines": [ 83.400753, 79.337164, 77.720477, 79.480431 ] }, { "date": "2025-08-01", "close": 87.611389, "volume": 10530932, "typical_volume": 3062795.05, "trend": 81.923389, "fair_value": 131.864029, "relative_strength": -16.058775, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.162167, "energy": 47.777905, "activity_lines": [ 85.528428, 81.275987, 78.600161, 79.822024 ] }, { "date": "2025-08-08", "close": 84.617836, "volume": 5447859, "typical_volume": 3240775.0, "trend": 81.764908, "fair_value": 131.411737, "relative_strength": -19.779818, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.043881, "energy": 42.586871, "activity_lines": [ 86.041435, 82.470408, 79.212412, 79.995859 ] }, { "date": "2025-08-15", "close": 83.22084, "volume": 4937163, "typical_volume": 3407146.65, "trend": 81.693057, "fair_value": 130.941816, "relative_strength": -21.105427, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.200115, "energy": 39.385105, "activity_lines": [ 85.502595, 83.183625, 79.716577, 80.08979 ] }, { "date": "2025-08-22", "close": 82.023415, "volume": 4164702, "typical_volume": 3546578.6, "trend": 81.503324, "fair_value": 130.446869, "relative_strength": -19.395358, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.598941, "energy": 22.631362, "activity_lines": [ 83.965902, 83.445427, 80.112788, 80.111104 ] }, { "date": "2025-08-29", "close": 83.81955, "volume": 2095234, "typical_volume": 3471133.65, "trend": 81.327979, "fair_value": 129.922953, "relative_strength": -18.191165, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.46719, "energy": 12.953184, "activity_lines": [ 83.580066, 83.83959, 80.674214, 80.260538 ] }, { "date": "2025-09-05", "close": 80.626427, "volume": 4384447, "typical_volume": 3615504.5, "trend": 81.26711, "fair_value": 129.393026, "relative_strength": -20.994998, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.112737, "energy": 7.921469, "activity_lines": [ 82.36934, 83.45467, 80.865617, 80.215276 ] }, { "date": "2025-09-12", "close": 86.813103, "volume": 4298418, "typical_volume": 3773862.95, "trend": 81.214291, "fair_value": 128.940349, "relative_strength": -17.196656, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 18.66245, "energy": 13.062865, "activity_lines": [ 83.686503, 84.153377, 81.606657, 80.573082 ] }, { "date": "2025-09-19", "close": 116.748657, "volume": 61872345, "typical_volume": 6829591.9, "trend": 81.931914, "fair_value": 128.699807, "relative_strength": 11.642868, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.952686, "energy": 79.099109, "activity_lines": [ 94.835833, 90.09513, 85.149163, 82.865622 ] }, { "date": "2025-09-26", "close": 98.787331, "volume": 47225246, "typical_volume": 9133009.55, "trend": 82.109303, "fair_value": 128.370153, "relative_strength": -4.658576, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.207277, "energy": 71.775391, "activity_lines": [ 97.762866, 91.998307, 86.794082, 83.953068 ] }, { "date": "2025-10-03", "close": 107.76799, "volume": 20034861, "typical_volume": 10073593.1, "trend": 82.651022, "fair_value": 128.167466, "relative_strength": 0.298207, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.140605, "energy": 81.240493, "activity_lines": [ 102.565859, 95.380117, 89.189599, 85.608467 ] }, { "date": "2025-10-10", "close": 105.772293, "volume": 9816880, "typical_volume": 10408320.0, "trend": 83.132715, "fair_value": 128.053193, "relative_strength": -2.636177, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.278591, "energy": 79.63754, "activity_lines": [ 105.107056, 98.02896, 91.255936, 87.100162 ] }, { "date": "2025-10-17", "close": 100.284103, "volume": 20122742, "typical_volume": 11306854.45, "trend": 83.480199, "fair_value": 127.869039, "relative_strength": -6.813913, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.692284, "energy": 60.110041, "activity_lines": [ 104.142465, 99.349753, 92.660695, 88.206704 ] }, { "date": "2025-10-24", "close": 105.772293, "volume": 23271370, "typical_volume": 12367029.65, "trend": 84.189302, "fair_value": 127.7432, "relative_strength": -1.780878, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.496, "energy": 51.981824, "activity_lines": [ 104.109204, 101.383557, 94.454032, 89.644903 ] }, { "date": "2025-10-31", "close": 99.785179, "volume": 17588489, "typical_volume": 13178372.05, "trend": 84.822286, "fair_value": 127.607897, "relative_strength": -8.953185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.96407, "energy": 41.437629, "activity_lines": [ 102.811997, 101.918768, 95.508571, 90.651089 ] }, { "date": "2025-11-07", "close": 89.806664, "volume": 8383025, "typical_volume": 13488689.9, "trend": 85.48326, "fair_value": 127.371038, "relative_strength": -15.489912, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.489777, "energy": 22.123821, "activity_lines": [ 98.122094, 100.316763, 95.477332, 90.972662 ] }, { "date": "2025-11-14", "close": 90.305588, "volume": 6415048, "typical_volume": 13691270.0, "trend": 86.082897, "fair_value": 127.079546, "relative_strength": -13.474285, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.700686, "energy": 18.272763, "activity_lines": [ 94.795921, 98.696614, 95.413108, 91.283779 ] }, { "date": "2025-11-21", "close": 84.817406, "volume": 4659058, "typical_volume": 13848798.9, "trend": 86.363148, "fair_value": 126.677691, "relative_strength": -14.998921, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.597896, "energy": 17.060454, "activity_lines": [ 90.671468, 95.90263, 94.769312, 91.202135 ] }, { "date": "2025-11-28", "close": 91.503006, "volume": 2963237, "typical_volume": 13946406.2, "trend": 86.830516, "fair_value": 126.315801, "relative_strength": -11.51231, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.170811, "energy": 18.120473, "activity_lines": [ 89.806662, 94.360495, 94.719419, 91.533739 ] }, { "date": "2025-12-05", "close": 100.284103, "volume": 22918421, "typical_volume": 14570904.75, "trend": 87.613328, "fair_value": 125.995741, "relative_strength": -3.573722, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.544257, "energy": 15.07226, "activity_lines": [ 92.820173, 94.873934, 95.423617, 92.401712 ] }, { "date": "2025-12-12", "close": 96.392479, "volume": 5059118, "typical_volume": 14309429.75, "trend": 88.207943, "fair_value": 125.67676, "relative_strength": -7.38191, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.639565, "energy": 9.492824, "activity_lines": [ 94.503215, 94.652592, 95.709667, 92.968109 ] }, { "date": "2025-12-19", "close": 91.702583, "volume": 13620172, "typical_volume": 14463891.75, "trend": 88.711202, "fair_value": 125.385548, "relative_strength": -9.748792, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.160763, "energy": 12.768216, "activity_lines": [ 94.183904, 93.785368, 95.506296, 93.19357 ] }, { "date": "2025-12-26", "close": 93.498711, "volume": 3191267, "typical_volume": 14351062.15, "trend": 89.423773, "fair_value": 125.10585, "relative_strength": -10.244534, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.074715, "energy": 16.464769, "activity_lines": [ 94.370169, 93.500527, 95.454502, 93.502441 ] }, { "date": "2026-01-02", "close": 96.592056, "volume": 4748429, "typical_volume": 14341625.45, "trend": 90.297932, "fair_value": 124.903812, "relative_strength": -9.314376, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.483108, "energy": 15.448998, "activity_lines": [ 95.008796, 93.901482, 95.655023, 93.964911 ] }, { "date": "2026-01-09", "close": 110.262619, "volume": 50052230, "typical_volume": 16636001.85, "trend": 91.59529, "fair_value": 124.824106, "relative_strength": 0.44937, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.82123, "energy": 41.801163, "activity_lines": [ 99.865006, 96.954908, 97.09383, 95.252955 ] }, { "date": "2026-01-16", "close": 133.213211, "volume": 58407526, "typical_volume": 19451616.45, "trend": 93.605688, "fair_value": 124.83947, "relative_strength": 16.701981, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 85.236261, "energy": 78.525457, "activity_lines": [ 111.70618, 103.99067, 100.583935, 97.937982 ] }, { "date": "2026-01-23", "close": 146.185287, "volume": 49345402, "typical_volume": 21699664.2, "trend": 95.86656, "fair_value": 124.917748, "relative_strength": 25.330918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.663675, "energy": 92.641589, "activity_lines": [ 125.416664, 112.595781, 105.074268, 101.330215 ] }, { "date": "2026-01-30", "close": 140.697098, "volume": 35373932, "typical_volume": 23253439.9, "trend": 98.02896, "fair_value": 124.955061, "relative_strength": 19.861102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.163963, "energy": 91.955427, "activity_lines": [ 133.665571, 119.187045, 108.729732, 104.222507 ] }, { "date": "2026-02-06", "close": 132.714294, "volume": 18400620, "typical_volume": 21079853.65, "trend": 99.978097, "fair_value": 124.863129, "relative_strength": 13.663146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.805416, "energy": 87.790315, "activity_lines": [ 136.106984, 123.310895, 111.368337, 106.460271 ] }, { "date": "2026-02-13", "close": 147.682068, "volume": 17614722, "typical_volume": 19599327.45, "trend": 101.890646, "fair_value": 124.919193, "relative_strength": 19.261914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.437342, "energy": 90.584443, "activity_lines": [ 141.129506, 129.406863, 115.356419, 109.537946 ] }, { "date": "2026-02-27", "close": 137.703552, "volume": 20155448, "typical_volume": 19605356.8, "trend": 103.567038, "fair_value": 124.917075, "relative_strength": 5.592483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.667243, "energy": 60.271809, "activity_lines": [ 140.331226, 132.826774, 118.161333, 111.848457 ] }, { "date": "2026-03-06", "close": 122.236847, "volume": 18521482, "typical_volume": 20040586.9, "trend": 104.72122, "fair_value": 124.827379, "relative_strength": -0.989134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.971849, "energy": 45.975225, "activity_lines": [ 134.078022, 132.683447, 119.350678, 113.05296 ] }, { "date": "2026-03-13", "close": 125.729324, "volume": 8718167, "typical_volume": 19470358.15, "trend": 106.091603, "fair_value": 124.765853, "relative_strength": 2.602569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.356884, "energy": 34.964632, "activity_lines": [ 130.58554, 132.619947, 120.794236, 114.408322 ] }, { "date": "2026-03-20", "close": 143.191727, "volume": 28720681, "typical_volume": 19742823.7, "trend": 108.090632, "fair_value": 124.764217, "relative_strength": 16.284695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.71728, "energy": 32.546503, "activity_lines": [ 133.91171, 135.145418, 123.779713, 116.801878 ] }, { "date": "2026-03-27", "close": 141.19603, "volume": 19010827, "typical_volume": 19813940.6, "trend": 110.063053, "fair_value": 124.715089, "relative_strength": 16.024967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.302438, "energy": 30.566896, "activity_lines": [ 135.874152, 136.460769, 126.396936, 118.93771 ] }, { "date": "2026-04-03", "close": 130.219666, "volume": 5670088, "typical_volume": 19678293.75, "trend": 111.609723, "fair_value": 124.566683, "relative_strength": 8.730729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.302786, "energy": 27.699328, "activity_lines": [ 134.610208, 135.217991, 127.771596, 120.238137 ] }, { "date": "2026-04-10", "close": 165.14447, "volume": 13499711, "typical_volume": 20032526.9, "trend": 114.426991, "fair_value": 124.665287, "relative_strength": 26.240318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.103993, "energy": 47.479966, "activity_lines": [ 145.486792, 140.379605, 132.279986, 123.691992 ] }, { "date": "2026-04-17", "close": 188.095062, "volume": 29823283, "typical_volume": 21290738.15, "trend": 117.803057, "fair_value": 124.937035, "relative_strength": 37.275902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.922614, "energy": 75.078873, "activity_lines": [ 161.153065, 149.369343, 138.61777, 128.44477 ] }, { "date": "2026-04-24", "close": 172.12944, "volume": 9897669, "typical_volume": 21637459.75, "trend": 119.649083, "fair_value": 125.106439, "relative_strength": 18.333825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.229477, "energy": 75.168983, "activity_lines": [ 167.339748, 154.594458, 142.943221, 131.949698 ] }, { "date": "2026-05-01", "close": 188.593994, "volume": 11067425, "typical_volume": 21044909.95, "trend": 122.642638, "fair_value": 125.439217, "relative_strength": 29.007982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.000939, "energy": 83.401579, "activity_lines": [ 177.085435, 162.09649, 148.452788, 136.397757 ] }, { "date": "2026-05-08", "close": 256.946838, "volume": 59648952, "typical_volume": 23774401.65, "trend": 127.615266, "fair_value": 126.224612, "relative_strength": 62.417369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.012587, "energy": 95.037373, "activity_lines": [ 206.455539, 181.282459, 160.051628, 145.062544 ] }, { "date": "2026-05-15", "close": 221.02417, "volume": 4236606, "typical_volume": 23305223.35, "trend": 131.456996, "fair_value": 126.773951, "relative_strength": 39.974177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.650992, "energy": 84.722599, "activity_lines": [ 215.402942, 191.768973, 167.464716, 151.088925 ] }, { "date": "2026-05-22", "close": 247.966171, "volume": 4899103, "typical_volume": 23390615.15, "trend": 136.379731, "fair_value": 127.52202, "relative_strength": 51.244232, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.317569, "energy": 88.230092, "activity_lines": [ 229.605698, 205.3579, 176.827892, 158.605646 ] }, { "date": "2026-05-29", "close": 318.314728, "volume": 30807079, "typical_volume": 24693547.65, "trend": 143.464479, "fair_value": 128.695016, "relative_strength": 80.256393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.423718, "energy": 95.933839, "activity_lines": [ 263.266567, 229.514986, 192.155371, 170.343388 ] }, { "date": "2026-06-05", "close": 289.377014, "volume": 4817755, "typical_volume": 22431823.9, "trend": 149.784207, "fair_value": 129.665164, "relative_strength": 60.265577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.619893, "energy": 78.293786, "activity_lines": [ 277.535845, 245.226615, 203.671055, 179.7571 ] }, { "date": "2026-06-12", "close": 325.798615, "volume": 14871990, "typical_volume": 20255047.1, "trend": 157.650605, "fair_value": 130.779144, "relative_strength": 80.544121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.223832, "energy": 83.032765, "activity_lines": [ 297.226788, 264.866153, 217.802538, 191.112868 ] }, { "date": "2026-06-19", "close": 389.162201, "volume": 27681403, "typical_volume": 19171847.15, "trend": 167.612492, "fair_value": 132.354242, "relative_strength": 100.154841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.011117, "energy": 90.312358, "activity_lines": [ 333.448809, 292.470362, 237.051574, 206.0491 ] }, { "date": "2026-06-26", "close": 335.278198, "volume": 3521621, "typical_volume": 17579231.6, "trend": 175.961185, "fair_value": 133.540555, "relative_strength": 76.350063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.289817, "energy": 66.300887, "activity_lines": [ 340.500293, 306.20443, 250.011768, 216.866242 ] }, { "date": "2026-07-03", "close": 439.054779, "volume": 4779518, "typical_volume": 16898176.5, "trend": 187.546245, "fair_value": 135.409453, "relative_strength": 114.315117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.267402, "energy": 74.362952, "activity_lines": [ 376.323169, 336.13091, 271.928868, 233.840023 ] }, { "date": "2026-07-10", "close": 422.59024, "volume": 0, "typical_volume": 16017440.4, "trend": 198.289782, "fair_value": 137.149675, "relative_strength": 107.342293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.392296, "energy": 78.480595, "activity_lines": [ 398.608528, 358.21065, 290.819154, 249.004151 ] }, { "date": "2026-07-17", "close": 424.0, "volume": 52474931, "typical_volume": 17633414.55, "trend": 209.210033, "fair_value": 138.942309, "relative_strength": 114.976724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.064858, "energy": 66.773509, "activity_lines": [ 412.482926, 376.292233, 308.534615, 263.566101 ] }, { "date": "2026-07-24", "close": 379.5, "volume": 67776074, "typical_volume": 20096144.15, "trend": 218.80328, "fair_value": 140.351066, "relative_strength": 84.373057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.266819, "energy": 58.875824, "activity_lines": [ 404.977232, 383.245576, 320.648665, 274.55255 ] }, { "date": "2026-07-31", "close": 271.5, "volume": 22559947, "typical_volume": 20788233.15, "trend": 224.736657, "fair_value": 141.125073, "relative_strength": 32.162742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.646982, "energy": 35.553794, "activity_lines": [ 362.115684, 367.681177, 321.251938, 277.952339 ] }, { "date": "2026-08-07", "close": 312.5, "volume": 4829746, "typical_volume": 19593686.4, "trend": 231.933588, "fair_value": 142.134637, "relative_strength": 46.350552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.866499, "energy": 23.119545, "activity_lines": [ 337.172683, 359.143436, 325.065827, 283.61449 ] }, { "date": "2026-08-14", "close": 356.0, "volume": 42142816, "typical_volume": 20750285.85, "trend": 240.124834, "fair_value": 143.489693, "relative_strength": 58.275494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.553806, "energy": 23.19498, "activity_lines": [ 335.166667, 358.620508, 332.216343, 291.618775 ] } ], "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." } } }