{ "ticker": { "uuid": "ee1f03ad-8e72-440f-ae38-030677ad711c", "symbol": "688279", "name": "Fortior Technology (Shenzhen) Co., Ltd.", "exchange": "SHH", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "000001.SS", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -22.664, "architecture_energy": 45.516, "architecture_maturity": 12.457, "architecture_confidence": 86.82, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 32.68, "rotation_up": 19.48, "upward_expansion": 26.37, "deceleration": 48.65, "rotation_down": 67.87, "downward_expansion": 49.04 }, "activity_lines": [ 171.18, 188.129819, 198.485276, 196.037385 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 170.0, "trend_reference": 195.561254, "distance_from_trend": -0.130707, "trend_direction": "Improving", "fair_value": 162.22469, "distance_from_fair_value": 0.047929, "fair_value_direction": "Weakening", "relative_strength": -13.425765, "relative_strength_direction": "Weakening", "price_momentum": -0.162891, "excess_performance": -0.119688, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.130707, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.019923, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.047929, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.348413, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.134258, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.127336, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.162891, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.695074, "read": "Supply-led" } ], "volume": { "latest": 10819776, "relative_activity": 1.318143, "balance": 0.695074, "dry_up": 1.34747, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.169161, "annualized_volatility": 0.666626, "from_high_reference": -0.437086, "from_low_reference": 0.184925 }, "levels": { "trend_reference": 195.561254, "fair_value_reference": 162.22469, "structural_low": 143.469014, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.032193, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.06971, "regime_survival": 0.5, "best_return": -0.021352, "worst_return": -0.043034, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.090764, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.055402, "regime_survival": 0.0, "best_return": 0.090764, "worst_return": 0.090764, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.00774, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.159458, "regime_survival": 0.0, "best_return": -0.00774, "worst_return": -0.00774, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.079412, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.131866, "regime_survival": 0.0, "best_return": 0.079412, "worst_return": 0.079412, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": -0.118491, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.048813, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-08-22", "tenure": "Developing", "return": 0.121591, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-19", "tenure": "New", "return": 0.187016, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": -0.159948, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": -0.028701, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": 0.227953, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.074885, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.115751, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-05-08", "tenure": "Developing", "return": 0.273779, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-05-22", "tenure": "New", "return": 0.066135, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-19", "tenure": "New", "return": -0.032155, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-26", "end": "2026-07-31", "tenure": "Developing", "return": -0.220117, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 108.634422, "volume": 4154697, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-04", "close": 111.618179, "volume": 5459996, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-11", "close": 106.632042, "volume": 4006287, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-18", "close": 102.855263, "volume": 4503533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 99.128044, "volume": 4802421, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 104.510696, "volume": 7143991, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 99.653419, "volume": 5541629, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 102.101891, "volume": 3495251, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 102.101891, "volume": 3658018, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 109.040848, "volume": 4624220, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 106.047188, "volume": 2085786, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 102.201012, "volume": 2137821, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 102.012672, "volume": 3399357, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 109.67527, "volume": 2459341, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 117.536125, "volume": 4664245, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 115.910423, "volume": 3975358, "typical_volume": 5116839.0, "trend": 103.659889, "fair_value": 87.568973, "relative_strength": 23.516618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.82091, "energy": 41.50866, "activity_lines": [ 112.329919, 109.057973, 107.693039, 107.492922 ] }, { "date": "2023-11-24", "close": 113.848557, "volume": 2889573, "typical_volume": 4533053.6, "trend": 104.572086, "fair_value": 87.893412, "relative_strength": 20.916011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.45946, "energy": 45.117489, "activity_lines": [ 113.790404, 110.370788, 108.044188, 108.150256 ] }, { "date": "2023-12-01", "close": 114.324379, "volume": 2416513, "typical_volume": 4216002.05, "trend": 105.796636, "fair_value": 88.215741, "relative_strength": 21.196063, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.117496, "energy": 49.813264, "activity_lines": [ 114.632994, 111.512023, 108.521608, 108.779436 ] }, { "date": "2023-12-08", "close": 114.235153, "volume": 1843696, "typical_volume": 3929543.85, "trend": 107.08231, "fair_value": 88.529228, "relative_strength": 22.789104, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.405588, "energy": 44.085937, "activity_lines": [ 114.625062, 112.414807, 109.07394, 109.323856 ] }, { "date": "2023-12-15", "close": 126.745117, "volume": 4315072, "typical_volume": 3878840.25, "trend": 108.788271, "fair_value": 88.984179, "relative_strength": 36.139786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.266323, "energy": 59.055206, "activity_lines": [ 118.483125, 115.371526, 110.859047, 110.592424 ] }, { "date": "2023-12-22", "close": 120.936211, "volume": 3092898, "typical_volume": 3825750.3, "trend": 110.052756, "fair_value": 89.360085, "relative_strength": 30.025375, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.295641, "energy": 52.119799, "activity_lines": [ 119.790953, 116.950185, 112.049102, 111.376163 ] }, { "date": "2023-12-29", "close": 125.020294, "volume": 2545177, "typical_volume": 3680009.35, "trend": 111.289681, "fair_value": 89.774739, "relative_strength": 30.589089, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.043873, "energy": 59.836469, "activity_lines": [ 122.12509, 119.000694, 113.569538, 112.34181 ] }, { "date": "2024-01-05", "close": 108.049568, "volume": 3080146, "typical_volume": 3633702.3, "trend": 111.661465, "fair_value": 89.984794, "relative_strength": 14.120329, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.335751, "energy": 30.321185, "activity_lines": [ 118.057536, 117.550721, 113.409894, 112.132771 ] }, { "date": "2024-01-12", "close": 106.156219, "volume": 2181486, "typical_volume": 3517599.95, "trend": 112.123732, "fair_value": 90.16856, "relative_strength": 13.326529, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -7.330705, "energy": 6.526645, "activity_lines": [ 113.777186, 115.646741, 113.063182, 111.777593 ] }, { "date": "2024-01-19", "close": 102.696655, "volume": 2013451, "typical_volume": 3378151.45, "trend": 112.037821, "fair_value": 90.309326, "relative_strength": 10.988842, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.799335, "energy": 19.727613, "activity_lines": [ 108.882244, 113.177732, 112.371268, 111.169395 ] }, { "date": "2024-01-26", "close": 90.206528, "volume": 5139931, "typical_volume": 3277948.45, "trend": 110.848285, "fair_value": 90.308183, "relative_strength": -5.339375, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.602233, "energy": 49.683778, "activity_lines": [ 101.427156, 108.707599, 110.472825, 109.760924 ] }, { "date": "2024-02-02", "close": 80.194595, "volume": 4475014, "typical_volume": 3224617.7, "trend": 109.159804, "fair_value": 90.197045, "relative_strength": -10.315506, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -84.78489, "energy": 82.143948, "activity_lines": [ 92.683404, 102.884459, 107.68898, 107.783267 ] }, { "date": "2024-02-09", "close": 91.197807, "volume": 4304581, "typical_volume": 3265084.2, "trend": 107.805054, "fair_value": 90.207923, "relative_strength": -2.9705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.922468, "energy": 76.00667, "activity_lines": [ 90.595769, 99.673792, 106.04572, 106.624429 ] }, { "date": "2024-02-23", "close": 94.459114, "volume": 3973197, "typical_volume": 3280843.15, "trend": 106.856399, "fair_value": 90.253635, "relative_strength": -4.273807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.308945, "energy": 73.885811, "activity_lines": [ 90.718686, 97.476574, 104.764986, 105.7634 ] }, { "date": "2024-03-01", "close": 104.560272, "volume": 5072380, "typical_volume": 3303251.15, "trend": 106.409662, "fair_value": 90.405833, "relative_strength": 4.908387, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.712226, "energy": 46.330837, "activity_lines": [ 94.988464, 97.475494, 104.482661, 105.615263 ] }, { "date": "2024-03-08", "close": 100.833046, "volume": 2954601, "typical_volume": 3346691.9, "trend": 106.149616, "fair_value": 90.515593, "relative_strength": 0.358054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.70283, "energy": 24.488532, "activity_lines": [ 97.891591, 97.200098, 103.866698, 105.255481 ] }, { "date": "2024-03-15", "close": 104.857651, "volume": 2229139, "typical_volume": 3351257.8, "trend": 105.924265, "fair_value": 90.664989, "relative_strength": 3.739527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.183196, "energy": 20.066972, "activity_lines": [ 101.427819, 98.02196, 103.65886, 105.172129 ] }, { "date": "2024-03-22", "close": 99.227173, "volume": 1996211, "typical_volume": 3281100.5, "trend": 105.677436, "fair_value": 90.753259, "relative_strength": -1.861939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.277639, "energy": 21.256142, "activity_lines": [ 101.443018, 98.186692, 102.902135, 104.740058 ] }, { "date": "2024-03-29", "close": 112.718498, "volume": 1953457, "typical_volume": 3255806.3, "trend": 106.006211, "fair_value": 90.977394, "relative_strength": 11.059462, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.205688, "energy": 14.764263, "activity_lines": [ 105.420033, 100.9648, 103.443563, 105.19432 ] }, { "date": "2024-04-05", "close": 107.068207, "volume": 2200429, "typical_volume": 3132615.5, "trend": 106.270883, "fair_value": 91.139928, "relative_strength": 4.099482, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.356087, "energy": 11.682231, "activity_lines": [ 106.296326, 102.596268, 103.432376, 105.262836 ] }, { "date": "2024-04-12", "close": 99.157784, "volume": 1794862, "typical_volume": 3023590.7, "trend": 106.092452, "fair_value": 91.220106, "relative_strength": -2.328183, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.799086, "energy": 17.305377, "activity_lines": [ 104.368616, 102.709994, 102.717662, 104.803927 ] }, { "date": "2024-04-19", "close": 95.162926, "volume": 2431456, "typical_volume": 3000684.85, "trend": 105.942769, "fair_value": 91.259144, "relative_strength": -7.869065, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.448418, "energy": 18.058761, "activity_lines": [ 101.22097, 101.934632, 101.702261, 104.098796 ] }, { "date": "2024-04-26", "close": 107.633232, "volume": 2102293, "typical_volume": 2984973.85, "trend": 106.127147, "fair_value": 91.419675, "relative_strength": 2.897732, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.51872, "energy": 10.446014, "activity_lines": [ 102.876409, 103.154448, 101.963487, 104.207858 ] }, { "date": "2024-05-03", "close": 107.980179, "volume": 790300, "typical_volume": 2932304.05, "trend": 106.32309, "fair_value": 91.580456, "relative_strength": 2.193197, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.801709, "energy": 9.164441, "activity_lines": [ 104.087092, 104.138518, 102.289618, 104.327408 ] }, { "date": "2024-05-10", "close": 105.967888, "volume": 2936059, "typical_volume": 2863353.4, "trend": 106.220658, "fair_value": 91.718797, "relative_strength": -1.860179, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.075608, "energy": 8.616852, "activity_lines": [ 104.942899, 104.51088, 102.453888, 104.304492 ] }, { "date": "2024-05-17", "close": 105.273979, "volume": 2100371, "typical_volume": 2813727.05, "trend": 106.194884, "fair_value": 91.847894, "relative_strength": -3.068669, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.106309, "energy": 15.519303, "activity_lines": [ 105.640758, 104.731484, 102.65101, 104.243416 ] }, { "date": "2024-05-24", "close": 111.687569, "volume": 3416156, "typical_volume": 2857276.0, "trend": 106.511103, "fair_value": 92.035061, "relative_strength": 4.245169, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.945149, "energy": 30.230707, "activity_lines": [ 108.068734, 106.037451, 103.533533, 104.597783 ] }, { "date": "2024-05-31", "close": 121.521065, "volume": 2452931, "typical_volume": 2825915.25, "trend": 107.161383, "fair_value": 92.310631, "relative_strength": 12.619269, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.204494, "energy": 50.058317, "activity_lines": [ 112.6729, 109.007146, 105.416068, 105.566168 ] }, { "date": "2024-06-07", "close": 115.127312, "volume": 3810376, "typical_volume": 2907359.75, "trend": 107.343118, "fair_value": 92.521896, "relative_strength": 7.324409, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.35409, "energy": 49.154224, "activity_lines": [ 114.219958, 110.408997, 106.625525, 106.080098 ] }, { "date": "2024-06-14", "close": 122.918777, "volume": 3110081, "typical_volume": 2962191.25, "trend": 107.522539, "fair_value": 92.800767, "relative_strength": 14.631804, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.90164, "energy": 61.228733, "activity_lines": [ 117.887696, 113.183681, 108.534306, 107.08498 ] }, { "date": "2024-06-21", "close": 117.754204, "volume": 2881311, "typical_volume": 2849260.25, "trend": 107.583999, "fair_value": 93.027616, "relative_strength": 10.435257, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.879823, "energy": 63.613091, "activity_lines": [ 118.703851, 114.731159, 109.854927, 107.745087 ] }, { "date": "2024-06-28", "close": 110.500435, "volume": 3049277, "typical_volume": 2777973.4, "trend": 107.472395, "fair_value": 93.185029, "relative_strength": 4.419056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.47817, "energy": 38.067292, "activity_lines": [ 116.270067, 114.621654, 110.353534, 107.933244 ] }, { "date": "2024-07-05", "close": 96.451241, "volume": 3443955, "typical_volume": 2734942.1, "trend": 106.876623, "fair_value": 93.214192, "relative_strength": -7.986165, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.673535, "energy": 8.384792, "activity_lines": [ 109.232362, 111.678887, 109.369809, 107.222202 ] }, { "date": "2024-07-12", "close": 98.194939, "volume": 3441844, "typical_volume": 2708374.45, "trend": 106.341949, "fair_value": 93.258269, "relative_strength": -6.601089, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.439426, "energy": 18.775121, "activity_lines": [ 104.44721, 109.256464, 108.527134, 106.662093 ] }, { "date": "2024-07-19", "close": 107.800201, "volume": 4075146, "typical_volume": 2658512.75, "trend": 105.710452, "fair_value": 93.38583, "relative_strength": 2.440147, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.920236, "energy": 17.647623, "activity_lines": [ 103.992637, 108.758366, 108.581456, 106.756174 ] }, { "date": "2024-07-26", "close": 104.053749, "volume": 3125945, "typical_volume": 2667079.95, "trend": 105.147704, "fair_value": 93.478594, "relative_strength": 2.116336, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.100039, "energy": 23.353476, "activity_lines": [ 103.297152, 107.545779, 108.263545, 106.64929 ] }, { "date": "2024-08-02", "close": 104.7313, "volume": 3012823, "typical_volume": 2706264.15, "trend": 104.471404, "fair_value": 93.5756, "relative_strength": 2.336878, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.127965, "energy": 15.176802, "activity_lines": [ 103.740881, 106.478571, 107.994826, 106.622425 ] }, { "date": "2024-08-09", "close": 101.1343, "volume": 1714817, "typical_volume": 2692194.45, "trend": 104.240895, "fair_value": 93.640205, "relative_strength": 0.192857, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.751389, "energy": 13.551006, "activity_lines": [ 103.370219, 104.883839, 107.384137, 106.407128 ] }, { "date": "2024-08-16", "close": 97.866119, "volume": 2751800, "typical_volume": 2732111.6, "trend": 103.964558, "fair_value": 93.676017, "relative_strength": -3.627454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.403113, "energy": 19.425872, "activity_lines": [ 101.59796, 103.065562, 106.453111, 105.995852 ] }, { "date": "2024-08-23", "close": 102.210411, "volume": 3224347, "typical_volume": 2783307.5, "trend": 103.94835, "fair_value": 93.747735, "relative_strength": 1.403029, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.492906, "energy": 15.293206, "activity_lines": [ 101.295719, 102.350995, 106.006553, 105.882682 ] }, { "date": "2024-08-30", "close": 105.847267, "volume": 2989192, "typical_volume": 2843024.0, "trend": 104.469708, "fair_value": 93.848564, "relative_strength": 5.20808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.854602, "energy": 15.39548, "activity_lines": [ 102.578416, 102.674191, 105.929495, 106.005192 ] }, { "date": "2024-09-06", "close": 103.366234, "volume": 2991396, "typical_volume": 2871021.0, "trend": 105.242096, "fair_value": 93.927223, "relative_strength": 5.293118, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.648174, "energy": 10.004518, "activity_lines": [ 102.914534, 102.76278, 105.584293, 105.934001 ] }, { "date": "2024-09-13", "close": 103.625298, "volume": 2240850, "typical_volume": 2877948.85, "trend": 105.656346, "fair_value": 94.006715, "relative_strength": 7.67646, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.808077, "energy": 5.338638, "activity_lines": [ 103.428011, 103.028184, 105.2247, 105.829691 ] }, { "date": "2024-09-20", "close": 105.986763, "volume": 1063042, "typical_volume": 2891585.95, "trend": 106.040601, "fair_value": 94.104114, "relative_strength": 8.417842, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -27.982636, "energy": 15.028615, "activity_lines": [ 104.562577, 103.592508, 105.109094, 105.851008 ] }, { "date": "2024-09-27", "close": 116.080261, "volume": 3042572, "typical_volume": 2896911.6, "trend": 106.4246, "fair_value": 94.281341, "relative_strength": 4.980759, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.926491, "energy": 19.463753, "activity_lines": [ 108.520266, 105.850343, 105.964267, 106.498728 ] }, { "date": "2024-10-04", "close": 135.500046, "volume": 1561388, "typical_volume": 2869962.45, "trend": 107.580167, "fair_value": 94.611091, "relative_strength": 12.913432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.525544, "energy": 75.212513, "activity_lines": [ 118.02656, 111.488503, 108.620788, 108.374564 ] }, { "date": "2024-10-11", "close": 132.670258, "volume": 9265455, "typical_volume": 3162427.4, "trend": 108.507254, "fair_value": 94.913148, "relative_strength": 14.258443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.771838, "energy": 76.870315, "activity_lines": [ 124.612739, 116.040404, 110.863872, 109.993279 ] }, { "date": "2024-10-18", "close": 158.427139, "volume": 6539370, "typical_volume": 3366749.35, "trend": 110.480586, "fair_value": 95.413258, "relative_strength": 33.594142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.326255, "energy": 90.214253, "activity_lines": [ 137.830943, 124.767394, 115.460075, 113.213917 ] }, { "date": "2024-10-25", "close": 150.854507, "volume": 6606008, "typical_volume": 3506530.95, "trend": 111.751786, "fair_value": 95.846393, "relative_strength": 24.980901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.606318, "energy": 87.312056, "activity_lines": [ 144.871481, 131.075853, 119.159332, 115.818686 ] }, { "date": "2024-11-01", "close": 136.914932, "volume": 4443836, "typical_volume": 3573218.7, "trend": 112.746677, "fair_value": 96.164753, "relative_strength": 13.910453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.308399, "energy": 79.19651, "activity_lines": [ 144.274311, 133.886419, 121.36088, 117.442115 ] }, { "date": "2024-11-08", "close": 150.655228, "volume": 6891285, "typical_volume": 3773717.4, "trend": 114.463259, "fair_value": 96.583911, "relative_strength": 18.334923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.221106, "energy": 74.794641, "activity_lines": [ 146.868262, 138.56423, 124.80438, 119.887828 ] }, { "date": "2024-11-15", "close": 135.320679, "volume": 5243925, "typical_volume": 3883449.8, "trend": 115.80185, "fair_value": 96.879611, "relative_strength": 10.057683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.337794, "energy": 46.713273, "activity_lines": [ 143.34035, 139.63925, 126.630775, 121.233468 ] }, { "date": "2024-11-22", "close": 134.214676, "volume": 5548430, "typical_volume": 3988673.55, "trend": 116.687899, "fair_value": 97.162453, "relative_strength": 11.099679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.364149, "energy": 31.919064, "activity_lines": [ 139.267077, 139.932189, 128.233645, 122.421392 ] }, { "date": "2024-11-29", "close": 151.253082, "volume": 4989357, "typical_volume": 4066049.2, "trend": 118.130329, "fair_value": 97.569149, "relative_strength": 22.46149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.592729, "energy": 36.337297, "activity_lines": [ 142.487436, 142.76685, 131.279394, 124.651404 ] }, { "date": "2024-12-06", "close": 150.964111, "volume": 5924930, "typical_volume": 4158538.4, "trend": 119.630203, "fair_value": 97.967619, "relative_strength": 19.03128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.36174, "energy": 36.987796, "activity_lines": [ 145.5849, 144.725946, 134.044964, 126.769712 ] }, { "date": "2024-12-13", "close": 157.659912, "volume": 5246906, "typical_volume": 4264586.45, "trend": 121.376401, "fair_value": 98.409784, "relative_strength": 24.243934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.739264, "energy": 42.904906, "activity_lines": [ 149.977685, 147.268209, 137.242688, 129.223242 ] }, { "date": "2024-12-20", "close": 169.377548, "volume": 5377128, "typical_volume": 4382801.7, "trend": 123.2994, "fair_value": 98.931606, "relative_strength": 33.924806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.288198, "energy": 57.426212, "activity_lines": [ 157.809371, 151.538045, 141.301109, 132.32009 ] }, { "date": "2024-12-27", "close": 165.451736, "volume": 8412945, "typical_volume": 4717708.1, "trend": 124.763755, "fair_value": 99.417154, "relative_strength": 29.112636, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.563448, "energy": 58.894679, "activity_lines": [ 162.061994, 154.426691, 144.677804, 135.039596 ] }, { "date": "2025-01-03", "close": 147.367126, "volume": 4464661, "typical_volume": 4803351.15, "trend": 125.838416, "fair_value": 99.764618, "relative_strength": 21.518183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.308169, "energy": 41.568557, "activity_lines": [ 158.203944, 153.899506, 146.025881, 136.497878 ] }, { "date": "2025-01-10", "close": 175.983643, "volume": 8248202, "typical_volume": 5054543.9, "trend": 127.607245, "fair_value": 100.312956, "relative_strength": 45.696213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.343296, "energy": 50.775774, "activity_lines": [ 164.143796, 158.638732, 149.863623, 139.733054 ] }, { "date": "2025-01-17", "close": 189.245697, "volume": 9089963, "typical_volume": 5359582.45, "trend": 129.990295, "fair_value": 100.94819, "relative_strength": 51.487179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.97893, "energy": 62.825625, "activity_lines": [ 172.836364, 165.0789, 154.613115, 143.709728 ] }, { "date": "2025-01-24", "close": 228.174927, "volume": 8489337, "typical_volume": 5634479.5, "trend": 133.912778, "fair_value": 101.850507, "relative_strength": 79.014734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.345908, "energy": 84.776123, "activity_lines": [ 192.399623, 177.895464, 162.673019, 150.04422 ] }, { "date": "2025-01-31", "close": 209.024185, "volume": 2139544, "typical_volume": 5629414.2, "trend": 137.665209, "fair_value": 102.605252, "relative_strength": 61.453215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.793757, "energy": 84.79485, "activity_lines": [ 201.659476, 185.541817, 168.314714, 154.890118 ] }, { "date": "2025-02-07", "close": 228.553574, "volume": 8490780, "typical_volume": 6000801.1, "trend": 142.010497, "fair_value": 103.486009, "relative_strength": 70.426493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.056466, "energy": 90.010347, "activity_lines": [ 214.524295, 195.378795, 175.314453, 160.753883 ] }, { "date": "2025-02-14", "close": 219.028015, "volume": 7935157, "typical_volume": 6245430.35, "trend": 145.718091, "fair_value": 104.288384, "relative_strength": 58.694451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.895004, "energy": 86.046367, "activity_lines": [ 218.801498, 202.078389, 180.823343, 165.722755 ] }, { "date": "2025-02-21", "close": 296.647339, "volume": 9382003, "typical_volume": 6636461.1, "trend": 152.137877, "fair_value": 105.614998, "relative_strength": 107.421877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.370678, "energy": 94.167686, "activity_lines": [ 246.082185, 221.653062, 193.234323, 175.460126 ] }, { "date": "2025-02-28", "close": 245.113678, "volume": 12455809, "typical_volume": 6795978.8, "trend": 156.81729, "fair_value": 106.570468, "relative_strength": 71.335994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.011236, "energy": 75.706546, "activity_lines": [ 249.024875, 229.330935, 199.969967, 181.458565 ] }, { "date": "2025-03-07", "close": 283.963196, "volume": 12149213, "typical_volume": 7076470.95, "trend": 162.911586, "fair_value": 107.777221, "relative_strength": 91.093513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.487281, "energy": 68.113423, "activity_lines": [ 263.788154, 242.695336, 209.87012, 189.661527 ] }, { "date": "2025-03-14", "close": 266.048004, "volume": 10394049, "typical_volume": 7265873.0, "trend": 168.517649, "fair_value": 108.846618, "relative_strength": 73.287778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.090403, "energy": 61.536652, "activity_lines": [ 267.583769, 250.647675, 217.466274, 196.315489 ] }, { "date": "2025-03-21", "close": 245.591949, "volume": 6895477, "typical_volume": 7388455.05, "trend": 173.297034, "fair_value": 109.764372, "relative_strength": 59.798333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.181645, "energy": 53.267876, "activity_lines": [ 262.06107, 252.722897, 222.565692, 201.288024 ] }, { "date": "2025-03-28", "close": 233.625229, "volume": 6206992, "typical_volume": 7354240.4, "trend": 177.556299, "fair_value": 110.590111, "relative_strength": 50.555939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.002297, "energy": 41.348753, "activity_lines": [ 250.778535, 251.356747, 226.007912, 205.180166 ] }, { "date": "2025-04-04", "close": 223.491867, "volume": 4774197, "typical_volume": 7330754.0, "trend": 181.560487, "fair_value": 111.337805, "relative_strength": 42.532676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.255448, "energy": 27.327754, "activity_lines": [ 240.319687, 247.341266, 228.089955, 208.143751 ] }, { "date": "2025-04-11", "close": 221.20015, "volume": 13045731, "typical_volume": 7705619.05, "trend": 185.479649, "fair_value": 112.060584, "relative_strength": 43.505943, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.825108, "energy": 23.06824, "activity_lines": [ 230.538387, 242.994257, 229.533876, 210.701149 ] }, { "date": "2025-04-18", "close": 215.092239, "volume": 7104641, "typical_volume": 7811383.25, "trend": 189.116498, "fair_value": 112.733993, "relative_strength": 36.002728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.744885, "energy": 22.501709, "activity_lines": [ 222.90532, 237.315336, 229.981876, 212.611638 ] }, { "date": "2025-04-25", "close": 232.160522, "volume": 6843223, "typical_volume": 7857297.9, "trend": 192.98584, "fair_value": 113.50949, "relative_strength": 43.936229, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.347606, "energy": 19.742815, "activity_lines": [ 224.358732, 234.984492, 231.751429, 215.388672 ] }, { "date": "2025-05-02", "close": 242.622696, "volume": 4439493, "typical_volume": 7816927.25, "trend": 196.556595, "fair_value": 114.342479, "relative_strength": 48.864575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.900759, "energy": 17.670781, "activity_lines": [ 230.194963, 234.317088, 234.130731, 218.59105 ] }, { "date": "2025-05-09", "close": 233.754761, "volume": 3546046, "typical_volume": 7725373.15, "trend": 199.926078, "fair_value": 115.107942, "relative_strength": 38.769449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.421454, "energy": 12.985889, "activity_lines": [ 232.475386, 233.019599, 235.260883, 220.990932 ] }, { "date": "2025-05-16", "close": 225.813477, "volume": 5030600, "typical_volume": 7556255.9, "trend": 202.172289, "fair_value": 116.181911, "relative_strength": 31.353519, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.933663, "energy": 17.257608, "activity_lines": [ 231.42452, 230.484765, 235.328164, 222.661087 ] }, { "date": "2025-05-23", "close": 214.550003, "volume": 3799228, "typical_volume": 7522984.25, "trend": 204.295473, "fair_value": 117.195491, "relative_strength": 24.206959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.820329, "energy": 7.623575, "activity_lines": [ 226.311608, 226.959295, 234.035297, 223.459649 ] }, { "date": "2025-05-30", "close": 201.0, "volume": 5275427, "typical_volume": 7374345.5, "trend": 206.431642, "fair_value": 118.128935, "relative_strength": 15.503082, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.308727, "energy": 12.61646, "activity_lines": [ 216.718177, 221.906515, 231.132034, 223.247038 ] }, { "date": "2025-06-06", "close": 194.990005, "volume": 4438440, "typical_volume": 7141769.35, "trend": 207.909468, "fair_value": 118.988289, "relative_strength": 9.987686, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.495329, "energy": 42.613301, "activity_lines": [ 207.198783, 216.571771, 227.537265, 222.508867 ] }, { "date": "2025-06-13", "close": 193.800003, "volume": 5434789, "typical_volume": 6989041.95, "trend": 209.858778, "fair_value": 119.859242, "relative_strength": 8.912946, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.353642, "energy": 52.042151, "activity_lines": [ 200.458235, 211.723123, 223.801809, 221.598579 ] }, { "date": "2025-06-20", "close": 194.460007, "volume": 6311374, "typical_volume": 7197633.45, "trend": 211.866956, "fair_value": 120.767163, "relative_strength": 9.09944, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.241246, "energy": 55.70928, "activity_lines": [ 196.601338, 207.534326, 220.292901, 220.60511 ] }, { "date": "2025-06-27", "close": 197.720001, "volume": 5863915, "typical_volume": 7066290.2, "trend": 213.415853, "fair_value": 121.621334, "relative_strength": 8.041345, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.20646, "energy": 50.772109, "activity_lines": [ 195.921337, 204.424441, 217.163821, 219.692403 ] }, { "date": "2025-07-04", "close": 188.600006, "volume": 11699857, "typical_volume": 7254525.2, "trend": 214.670383, "fair_value": 122.425651, "relative_strength": 0.84598, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.898175, "energy": 42.590674, "activity_lines": [ 193.323338, 199.972233, 213.312998, 218.091381 ] }, { "date": "2025-07-11", "close": 185.460007, "volume": 6424271, "typical_volume": 7106638.6, "trend": 215.597053, "fair_value": 123.209212, "relative_strength": -2.590739, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.299463, "energy": 46.735571, "activity_lines": [ 190.505339, 195.741126, 209.308021, 216.206841 ] }, { "date": "2025-07-18", "close": 203.259995, "volume": 6515418, "typical_volume": 6809619.05, "trend": 216.726468, "fair_value": 124.024185, "relative_strength": 5.227258, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.72303, "energy": 38.616784, "activity_lines": [ 194.256002, 195.785702, 207.527746, 215.410901 ] }, { "date": "2025-07-25", "close": 198.369995, "volume": 5240792, "typical_volume": 6464198.0, "trend": 217.823743, "fair_value": 124.836484, "relative_strength": 0.326704, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.449716, "energy": 33.206245, "activity_lines": [ 195.745999, 195.495638, 205.481059, 214.226613 ] }, { "date": "2025-08-01", "close": 181.5, "volume": 5959152, "typical_volume": 6242453.15, "trend": 218.961506, "fair_value": 125.557772, "relative_strength": -7.817572, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.172221, "energy": 43.291057, "activity_lines": [ 191.351999, 192.637274, 202.235293, 211.883146 ] }, { "date": "2025-08-08", "close": 181.5, "volume": 6496387, "typical_volume": 6222498.65, "trend": 219.145384, "fair_value": 126.279313, "relative_strength": -10.17976, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.584517, "energy": 40.244859, "activity_lines": [ 188.039332, 190.379819, 199.392136, 209.466274 ] }, { "date": "2025-08-15", "close": 208.649994, "volume": 9155216, "typical_volume": 6369909.85, "trend": 219.792194, "fair_value": 127.159721, "relative_strength": 0.751771, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.962543, "energy": 27.489276, "activity_lines": [ 194.249997, 193.413272, 199.439893, 208.789152 ] }, { "date": "2025-08-22", "close": 222.490005, "volume": 8313595, "typical_volume": 6546879.75, "trend": 219.602697, "fair_value": 128.124676, "relative_strength": 3.022191, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.944611, "energy": 10.698676, "activity_lines": [ 203.528, 198.714727, 200.924675, 208.963205 ] }, { "date": "2025-08-29", "close": 206.399994, "volume": 11313108, "typical_volume": 6460248.6, "trend": 219.515224, "fair_value": 128.92827, "relative_strength": -5.747117, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.321979, "energy": 18.595643, "activity_lines": [ 206.160665, 200.56909, 200.881847, 208.111417 ] }, { "date": "2025-09-05", "close": 195.100006, "volume": 8318420, "typical_volume": 6520937.55, "trend": 218.400105, "fair_value": 129.67795, "relative_strength": -10.2656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.773754, "energy": 18.652691, "activity_lines": [ 204.491334, 200.151818, 199.833306, 206.536242 ] }, { "date": "2025-09-12", "close": 211.389999, "volume": 8221321, "typical_volume": 6589842.45, "trend": 218.145504, "fair_value": 130.532242, "relative_strength": -4.75549, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.09062, "energy": 12.57016, "activity_lines": [ 207.345334, 202.744, 200.431394, 206.083977 ] }, { "date": "2025-09-19", "close": 245.0, "volume": 20599419, "typical_volume": 7397838.75, "trend": 216.423926, "fair_value": 131.664564, "relative_strength": 10.902437, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.59914, "energy": 24.898708, "activity_lines": [ 219.41, 211.032727, 204.329342, 207.816525 ] }, { "date": "2025-09-26", "close": 230.699997, "volume": 10468780, "typical_volume": 7743975.45, "trend": 215.94347, "fair_value": 132.73632, "relative_strength": 3.430981, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.115219, "energy": 32.463388, "activity_lines": [ 224.284666, 215.638908, 206.854064, 208.737562 ] }, { "date": "2025-10-03", "close": 243.220001, "volume": 4164414, "typical_volume": 7700666.15, "trend": 214.585364, "fair_value": 133.892252, "relative_strength": 6.732719, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.935246, "energy": 50.722228, "activity_lines": [ 232.785333, 222.022545, 210.585714, 210.497338 ] }, { "date": "2025-10-10", "close": 220.759995, "volume": 3612534, "typical_volume": 7691331.45, "trend": 213.075763, "fair_value": 134.851489, "relative_strength": -3.962879, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.205322, "energy": 43.839985, "activity_lines": [ 231.344665, 223.50709, 212.095428, 210.895702 ] }, { "date": "2025-10-17", "close": 193.800003, "volume": 7520033, "typical_volume": 7803561.75, "trend": 211.349365, "fair_value": 135.664456, "relative_strength": -14.48665, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -1.001623, "energy": 7.494547, "activity_lines": [ 219.206666, 219.376, 211.007952, 209.652104 ] }, { "date": "2025-10-24", "close": 194.070007, "volume": 7165525, "typical_volume": 7939916.0, "trend": 210.030858, "fair_value": 136.46885, "relative_strength": -16.856483, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.963026, "energy": 8.951904, "activity_lines": [ 208.331335, 215.070365, 209.980477, 208.537307 ] }, { "date": "2025-10-31", "close": 193.630005, "volume": 6421776, "typical_volume": 7989265.35, "trend": 209.035462, "fair_value": 137.207969, "relative_strength": -17.330398, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.243768, "energy": 19.709068, "activity_lines": [ 200.70467, 210.94982, 208.915477, 207.479187 ] }, { "date": "2025-11-07", "close": 188.5, "volume": 7659274, "typical_volume": 8056660.35, "trend": 207.945457, "fair_value": 137.888602, "relative_strength": -20.472363, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.581858, "energy": 35.158976, "activity_lines": [ 193.839336, 206.421274, 207.362715, 206.154319 ] }, { "date": "2025-11-14", "close": 179.160004, "volume": 4113300, "typical_volume": 7969129.6, "trend": 206.747716, "fair_value": 138.538441, "relative_strength": -24.38377, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.47757, "energy": 51.043462, "activity_lines": [ 187.50867, 200.520002, 204.948811, 204.297193 ] }, { "date": "2025-11-21", "close": 163.729996, "volume": 4367742, "typical_volume": 7602523.85, "trend": 204.466699, "fair_value": 139.066044, "relative_strength": -28.129866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.426947, "energy": 66.611492, "activity_lines": [ 178.808001, 192.103092, 201.153762, 201.521856 ] }, { "date": "2025-11-28", "close": 180.0, "volume": 5496961, "typical_volume": 7556158.35, "trend": 202.379276, "fair_value": 139.724239, "relative_strength": -22.09995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.78148, "energy": 59.999957, "activity_lines": [ 177.535333, 187.51091, 199.026667, 199.943359 ] }, { "date": "2025-12-05", "close": 186.5, "volume": 3642978, "typical_volume": 7412536.35, "trend": 200.804117, "fair_value": 140.329092, "relative_strength": -19.670192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.536965, "energy": 52.734926, "activity_lines": [ 179.367333, 185.282365, 197.54462, 198.91889 ] }, { "date": "2025-12-12", "close": 192.300003, "volume": 4334150, "typical_volume": 7367204.25, "trend": 199.687001, "fair_value": 141.018028, "relative_strength": -16.964794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.440906, "energy": 34.203958, "activity_lines": [ 183.608001, 184.912001, 196.694763, 198.370237 ] }, { "date": "2025-12-19", "close": 182.820007, "volume": 3409096, "typical_volume": 7239701.45, "trend": 198.629334, "fair_value": 141.644425, "relative_strength": -20.996492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.986855, "energy": 28.244008, "activity_lines": [ 184.435336, 183.74382, 194.970954, 197.282044 ] }, { "date": "2025-12-26", "close": 186.5, "volume": 3383397, "typical_volume": 7084051.95, "trend": 198.146001, "fair_value": 142.276522, "relative_strength": -20.85409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.758819, "energy": 22.50053, "activity_lines": [ 186.245336, 183.934547, 193.591335, 196.499506 ] }, { "date": "2026-01-02", "close": 203.490005, "volume": 5168216, "typical_volume": 6884701.95, "trend": 198.429335, "fair_value": 143.013737, "relative_strength": -13.906188, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.234066, "energy": 16.770044, "activity_lines": [ 192.20067, 187.347093, 193.806002, 196.844281 ] }, { "date": "2026-01-09", "close": 199.0, "volume": 7875321, "typical_volume": 6862788.25, "trend": 198.602668, "fair_value": 143.713763, "relative_strength": -18.713074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.834526, "energy": 17.850168, "activity_lines": [ 195.093336, 189.772002, 193.617621, 196.881098 ] }, { "date": "2026-01-16", "close": 220.0, "volume": 12071402, "typical_volume": 6900702.95, "trend": 199.454001, "fair_value": 144.579757, "relative_strength": -9.590689, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.083551, "energy": 30.542151, "activity_lines": [ 204.152668, 195.917456, 195.541097, 198.261571 ] }, { "date": "2026-01-23", "close": 220.470001, "volume": 9127806, "typical_volume": 6941172.25, "trend": 200.212334, "fair_value": 145.434226, "relative_strength": -9.654374, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.248075, "energy": 41.546562, "activity_lines": [ 211.522001, 201.575638, 197.444573, 199.617442 ] }, { "date": "2026-01-30", "close": 203.080002, "volume": 7983514, "typical_volume": 6929281.9, "trend": 200.695001, "fair_value": 146.181455, "relative_strength": -16.002095, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.275134, "energy": 35.479549, "activity_lines": [ 210.584668, 203.320911, 197.571049, 199.802453 ] }, { "date": "2026-02-06", "close": 195.119995, "volume": 5103503, "typical_volume": 6154486.1, "trend": 201.017, "fair_value": 146.825571, "relative_strength": -17.683708, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.164572, "energy": 23.031527, "activity_lines": [ 205.888666, 202.903455, 196.979001, 199.442775 ] }, { "date": "2026-02-13", "close": 203.960007, "volume": 4829077, "typical_volume": 5872500.95, "trend": 201.040334, "fair_value": 147.514786, "relative_strength": -13.862084, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 10.646645, "energy": 12.377913, "activity_lines": [ 204.697335, 203.818365, 197.466383, 199.632646 ] }, { "date": "2026-02-27", "close": 193.0, "volume": 3495929, "typical_volume": 5839076.7, "trend": 200.861334, "fair_value": 148.141457, "relative_strength": -18.959993, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.157228, "energy": 12.985901, "activity_lines": [ 199.522001, 202.423092, 197.037287, 199.113915 ] }, { "date": "2026-03-06", "close": 170.660004, "volume": 5048861, "typical_volume": 5910893.05, "trend": 200.500001, "fair_value": 148.615567, "relative_strength": -26.87109, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.580848, "energy": 38.244324, "activity_lines": [ 188.700002, 196.953274, 194.719716, 197.165442 ] }, { "date": "2026-03-13", "close": 168.369995, "volume": 4279701, "typical_volume": 5748876.45, "trend": 200.062334, "fair_value": 149.065768, "relative_strength": -26.266266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.801734, "energy": 59.037557, "activity_lines": [ 180.435333, 191.288182, 192.42262, 195.092539 ] }, { "date": "2026-03-20", "close": 164.130005, "volume": 5053266, "typical_volume": 5643263.5, "trend": 198.578335, "fair_value": 149.501812, "relative_strength": -24.665413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.212997, "energy": 72.768541, "activity_lines": [ 173.071335, 185.181819, 189.842811, 192.774324 ] }, { "date": "2026-03-27", "close": 155.0, "volume": 5786263, "typical_volume": 5611487.85, "trend": 196.328668, "fair_value": 149.909799, "relative_strength": -27.219751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.29134, "energy": 79.446929, "activity_lines": [ 164.730001, 178.131092, 186.536049, 189.962818 ] }, { "date": "2026-04-03", "close": 144.664581, "volume": 5034538, "typical_volume": 5480251.05, "trend": 194.270821, "fair_value": 150.282823, "relative_strength": -30.689748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.562373, "energy": 83.579551, "activity_lines": [ 156.207528, 170.001197, 182.428914, 186.629652 ] }, { "date": "2026-04-10", "close": 169.851364, "volume": 6023793, "typical_volume": 5575775.7, "trend": 193.429199, "fair_value": 150.790056, "relative_strength": -20.095966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.886301, "energy": 69.112786, "activity_lines": [ 159.30301, 167.820453, 180.92926, 185.054203 ] }, { "date": "2026-04-17", "close": 177.762085, "volume": 9069469, "typical_volume": 5810862.05, "trend": 192.308269, "fair_value": 151.363107, "relative_strength": -16.988864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.990372, "energy": 43.471989, "activity_lines": [ 165.089309, 167.99836, 180.227335, 184.043421 ] }, { "date": "2026-04-24", "close": 200.139267, "volume": 9130021, "typical_volume": 5992515.05, "trend": 190.812911, "fair_value": 152.067085, "relative_strength": -6.62798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.844938, "energy": 13.368041, "activity_lines": [ 177.708529, 172.705172, 181.58975, 184.548647 ] }, { "date": "2026-05-01", "close": 196.721909, "volume": 7210502, "typical_volume": 6170891.25, "trend": 189.680308, "fair_value": 152.771029, "relative_strength": -8.182106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.855618, "energy": 21.214201, "activity_lines": [ 186.788012, 176.699386, 182.530802, 184.929873 ] }, { "date": "2026-05-08", "close": 214.466232, "volume": 6131750, "typical_volume": 6260771.25, "trend": 188.721849, "fair_value": 153.591437, "relative_strength": -0.692169, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 25.699446, "energy": 35.164155, "activity_lines": [ 199.000809, 184.051442, 185.113113, 186.528964 ] }, { "date": "2026-05-15", "close": 233.804672, "volume": 12520913, "typical_volume": 6716362.1, "trend": 189.156672, "fair_value": 154.592826, "relative_strength": 9.977912, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 73.93236, "energy": 68.101733, "activity_lines": [ 213.006309, 194.529284, 189.431628, 189.437534 ] }, { "date": "2026-05-22", "close": 249.267441, "volume": 12322377, "typical_volume": 7163311.1, "trend": 191.005586, "fair_value": 155.705663, "relative_strength": 18.177698, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.608147, "energy": 87.462603, "activity_lines": [ 227.902512, 206.670453, 194.980002, 193.315648 ] }, { "date": "2026-05-29", "close": 216.140045, "volume": 13366307, "typical_volume": 7573215.65, "trend": 191.741254, "fair_value": 156.606777, "relative_strength": 4.015661, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.002583, "energy": 75.402684, "activity_lines": [ 226.989225, 211.317596, 197.074494, 194.937226 ] }, { "date": "2026-06-05", "close": 212.0, "volume": 1795704, "typical_volume": 7269234.8, "trend": 192.353587, "fair_value": 157.433689, "relative_strength": 3.345951, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.447888, "energy": 65.954016, "activity_lines": [ 223.629205, 214.266367, 198.714458, 196.244242 ] }, { "date": "2026-06-12", "close": 203.600006, "volume": 3670669, "typical_volume": 6849198.15, "trend": 192.856921, "fair_value": 158.175276, "relative_strength": -0.575478, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.922309, "energy": 40.554772, "activity_lines": [ 216.450648, 214.651503, 199.492518, 196.969817 ] }, { "date": "2026-06-19", "close": 209.190002, "volume": 7586605, "typical_volume": 6772138.1, "trend": 193.857921, "fair_value": 158.895108, "relative_strength": 0.920363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.570186, "energy": 21.600532, "activity_lines": [ 211.859838, 214.981449, 200.881053, 198.023564 ] }, { "date": "2026-06-26", "close": 199.529999, "volume": 2097447, "typical_volume": 6477834.75, "trend": 195.051254, "fair_value": 159.582556, "relative_strength": -1.918824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.390671, "energy": 21.593375, "activity_lines": [ 205.690004, 212.839782, 201.403303, 198.389505 ] }, { "date": "2026-07-03", "close": 241.350006, "volume": 4226762, "typical_volume": 6433997.7, "trend": 197.096254, "fair_value": 160.454838, "relative_strength": 18.070319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.511701, "energy": 28.766448, "activity_lines": [ 216.776003, 217.905972, 205.925314, 201.376521 ] }, { "date": "2026-07-10", "close": 228.009995, "volume": 13951797, "typical_volume": 6890133.7, "trend": 198.479921, "fair_value": 161.109437, "relative_strength": 12.751999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.685043, "energy": 34.7094, "activity_lines": [ 221.734667, 219.79742, 208.956706, 203.370956 ] }, { "date": "2026-07-17", "close": 188.570007, "volume": 11609895, "typical_volume": 7295832.0, "trend": 198.355588, "fair_value": 161.479443, "relative_strength": -0.900648, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.930363, "energy": 14.809802, "activity_lines": [ 212.479336, 213.949087, 208.117385, 202.731607 ] }, { "date": "2026-07-24", "close": 163.369995, "volume": 12237339, "typical_volume": 7655255.9, "trend": 197.707254, "fair_value": 161.681556, "relative_strength": -14.794785, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.715016, "energy": 15.473318, "activity_lines": [ 195.826, 203.989774, 204.899158, 200.474472 ] }, { "date": "2026-07-31", "close": 155.610001, "volume": 9575009, "typical_volume": 7920021.3, "trend": 196.677587, "fair_value": 161.891116, "relative_strength": -18.771015, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.280086, "energy": 38.670612, "activity_lines": [ 179.640667, 193.900183, 200.976598, 197.75852 ] }, { "date": "2026-08-07", "close": 170.0, "volume": 10819776, "typical_volume": 8208346.8, "trend": 195.561254, "fair_value": 162.22469, "relative_strength": -13.425765, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.664237, "energy": 45.5163, "activity_lines": [ 171.18, 188.129819, 198.485276, 196.037385 ] } ], "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." } } }