{ "ticker": { "uuid": "ef3755b5-3c2f-4a85-997d-4328e30055a2", "symbol": "6854", "name": "PlayNitride Inc.", "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": "2026-08-21", "benchmark": "^TWII", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -72.311, "architecture_energy": 86.143, "architecture_maturity": 28.0, "architecture_confidence": 93.03, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 8.51, "rotation_up": 13.4, "upward_expansion": 21.15, "deceleration": 37.43, "rotation_down": 77.98, "downward_expansion": 99.15 }, "activity_lines": [ 93.166669, 99.263638, 115.64762, 124.222581 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 91.300003, "trend_reference": 130.53, "distance_from_trend": -0.300544, "trend_direction": "Weakening", "fair_value": 126.684287, "distance_from_fair_value": -0.279311, "fair_value_direction": "Weakening", "relative_strength": -52.170783, "relative_strength_direction": "Weakening", "price_momentum": -0.222979, "excess_performance": -0.568711, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.300544, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.057885, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.279311, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.62326, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.521708, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.275723, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.222979, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.124872, "read": "Supply-led" } ], "volume": { "latest": 643066, "relative_activity": 0.221686, "balance": 0.124872, "dry_up": 0.426238, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.138175, "annualized_volatility": 0.66113, "from_high_reference": -0.537722, "from_low_reference": 0.113415 }, "levels": { "trend_reference": 130.53, "fair_value_reference": 126.684287, "structural_low": 82.0, "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": 14, "median_return": -0.016151, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.010377, "regime_survival": 0.785714, "best_return": 0.505102, "worst_return": -0.228426, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.029882, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.144008, "regime_survival": 0.5, "best_return": 0.85112, "worst_return": -0.133333, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.014525, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.365131, "regime_survival": 0.5, "best_return": 1.635046, "worst_return": -0.170492, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.575655, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.076122, "regime_survival": 0.0, "best_return": 1.185792, "worst_return": -0.034483, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-03-14", "tenure": "Established", "return": 0.296296, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.277202, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.089041, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.358621, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-11-21", "tenure": "Established", "return": -0.317204, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-03-06", "tenure": "Established", "return": 0.022727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.094463, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": 0.218182, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": -0.082596, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": -0.047619, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": -0.090226, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-24", "tenure": "New", "return": -0.196748, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-21", "tenure": "New", "return": 0.002195, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 102.0, "volume": 355520, "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": 102.0, "volume": 151029, "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": 107.5, "volume": 211309, "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": 105.0, "volume": 204220, "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": 109.0, "volume": 498000, "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": 104.0, "volume": 312104, "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": 102.0, "volume": 235068, "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": "2023-10-06", "close": 99.900002, "volume": 622070, "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": 98.0, "volume": 322127, "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": 92.5, "volume": 407838, "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": 86.099998, "volume": 683400, "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": 92.0, "volume": 360000, "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": 90.900002, "volume": 98000, "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": 93.599998, "volume": 246280, "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": "2023-11-24", "close": 98.300003, "volume": 138052, "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": "2023-12-01", "close": 101.0, "volume": 96074, "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": "2023-12-08", "close": 101.5, "volume": 98092, "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": "2023-12-15", "close": 99.900002, "volume": 200022, "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": "2023-12-22", "close": 99.099998, "volume": 165212, "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": "2023-12-29", "close": 98.800003, "volume": 226000, "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": "2024-01-05", "close": 98.300003, "volume": 198446, "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": "2024-01-12", "close": 97.199997, "volume": 250165, "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": "2024-01-19", "close": 91.800003, "volume": 319169, "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": "2024-01-26", "close": 91.400002, "volume": 339091, "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": "2024-02-02", "close": 92.099998, "volume": 137996, "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": "2024-02-09", "close": 91.0, "volume": 54033, "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": "2024-02-16", "close": 90.400002, "volume": 139395, "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": "2024-02-23", "close": 92.5, "volume": 193737, "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": "2024-03-01", "close": 91.5, "volume": 194050, "typical_volume": 227252.6, "trend": 97.476667, "fair_value": 100.20625, "relative_strength": -19.087547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.952692, "energy": 50.910237, "activity_lines": [ 91.52, 92.209091, 94.250953, 95.352259 ] }, { "date": "2024-03-08", "close": 90.0, "volume": 731239, "typical_volume": 243422.65, "trend": 96.976667, "fair_value": 100.080247, "relative_strength": -23.36695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.358, "energy": 46.630903, "activity_lines": [ 91.02, 91.572728, 93.822858, 94.869893 ] }, { "date": "2024-03-15", "close": 91.0, "volume": 453089, "typical_volume": 231907.1, "trend": 96.61, "fair_value": 99.969512, "relative_strength": -21.701047, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.210361, "energy": 39.033489, "activity_lines": [ 90.993333, 91.278182, 93.501905, 94.484302 ] }, { "date": "2024-03-22", "close": 85.699997, "volume": 405922, "typical_volume": 234203.2, "trend": 96.066667, "fair_value": 99.79759, "relative_strength": -27.755004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.438435, "energy": 53.732799, "activity_lines": [ 89.199999, 90.152727, 92.652857, 93.78043 ] }, { "date": "2024-03-29", "close": 78.300003, "volume": 990298, "typical_volume": 278818.1, "trend": 95.093334, "fair_value": 99.541667, "relative_strength": -33.676402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.709538, "energy": 82.766288, "activity_lines": [ 85.253334, 87.890909, 91.129048, 92.634194 ] }, { "date": "2024-04-05", "close": 78.599998, "volume": 217201, "typical_volume": 277364.15, "trend": 94.213334, "fair_value": 99.295294, "relative_strength": -32.964692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.322097, "energy": 91.160587, "activity_lines": [ 82.353333, 85.929091, 89.69381, 91.570108 ] }, { "date": "2024-04-12", "close": 80.199997, "volume": 249172, "typical_volume": 282920.15, "trend": 93.253334, "fair_value": 99.073256, "relative_strength": -32.329586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.698912, "energy": 86.590275, "activity_lines": [ 80.846665, 84.490908, 88.482381, 90.666022 ] }, { "date": "2024-04-19", "close": 77.099998, "volume": 168072, "typical_volume": 286520.05, "trend": 92.356667, "fair_value": 98.82069, "relative_strength": -30.360413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.990981, "energy": 90.22257, "activity_lines": [ 78.959998, 82.705453, 87.061904, 89.623871 ] }, { "date": "2024-04-26", "close": 80.599998, "volume": 201029, "typical_volume": 291666.9, "trend": 91.643333, "fair_value": 98.613636, "relative_strength": -28.78497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.471387, "energy": 75.289493, "activity_lines": [ 79.166665, 81.80909, 86.088571, 88.865376 ] }, { "date": "2024-05-03", "close": 82.900002, "volume": 133678, "typical_volume": 288349.7, "trend": 91.076667, "fair_value": 98.437079, "relative_strength": -26.904463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.257688, "energy": 52.669066, "activity_lines": [ 80.479999, 81.50909, 85.433809, 88.30129 ] }, { "date": "2024-05-10", "close": 79.900002, "volume": 123280, "typical_volume": 286253.1, "trend": 90.473333, "fair_value": 98.231111, "relative_strength": -30.213704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.221258, "energy": 48.569262, "activity_lines": [ 80.486667, 80.838182, 84.574286, 87.580215 ] }, { "date": "2024-05-17", "close": 78.5, "volume": 195520, "typical_volume": 284729.1, "trend": 90.006667, "fair_value": 98.014286, "relative_strength": -32.625699, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.142, "energy": 45.1555, "activity_lines": [ 79.940001, 80.123636, 83.672857, 86.807742 ] }, { "date": "2024-05-24", "close": 79.300003, "volume": 377207, "typical_volume": 293667.15, "trend": 89.78, "fair_value": 97.81087, "relative_strength": -32.334946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.46072, "energy": 39.775314, "activity_lines": [ 79.773335, 79.763637, 82.944286, 86.116989 ] }, { "date": "2024-05-31", "close": 79.300003, "volume": 202285, "typical_volume": 291273.15, "trend": 89.356667, "fair_value": 97.611828, "relative_strength": -30.549163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.46955, "energy": 43.93345, "activity_lines": [ 79.460002, 79.616365, 82.306191, 85.440861 ] }, { "date": "2024-06-07", "close": 77.199997, "volume": 179417, "typical_volume": 284285.55, "trend": 88.9, "fair_value": 97.394681, "relative_strength": -33.821692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.117551, "energy": 48.143915, "activity_lines": [ 78.533334, 79.203637, 81.553333, 84.656559 ] }, { "date": "2024-06-14", "close": 73.699997, "volume": 261108, "typical_volume": 280386.4, "trend": 88.236667, "fair_value": 97.145263, "relative_strength": -37.978766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.371942, "energy": 58.337783, "activity_lines": [ 76.819999, 78.174545, 80.536666, 83.675914 ] }, { "date": "2024-06-21", "close": 74.199997, "volume": 258274, "typical_volume": 286400.3, "trend": 87.433333, "fair_value": 96.90625, "relative_strength": -38.651293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.863819, "energy": 64.944612, "activity_lines": [ 75.686665, 77.325454, 79.651904, 82.770322 ] }, { "date": "2024-06-28", "close": 73.699997, "volume": 188281, "typical_volume": 293112.7, "trend": 86.523333, "fair_value": 96.66701, "relative_strength": -37.601677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.112637, "energy": 77.774902, "activity_lines": [ 74.673331, 76.494544, 78.804761, 81.884301 ] }, { "date": "2024-07-05", "close": 73.900002, "volume": 185421, "typical_volume": 295414.0, "trend": 85.603333, "fair_value": 96.434694, "relative_strength": -38.083446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.148669, "energy": 77.773366, "activity_lines": [ 74.099999, 75.761818, 78.059047, 81.069892 ] }, { "date": "2024-07-12", "close": 74.300003, "volume": 614087, "typical_volume": 316431.5, "trend": 84.75, "fair_value": 96.211111, "relative_strength": -38.001287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.105631, "energy": 73.59153, "activity_lines": [ 74.02, 75.223636, 77.43, 80.340645 ] }, { "date": "2024-07-19", "close": 73.0, "volume": 269974, "typical_volume": 320227.7, "trend": 83.88, "fair_value": 95.979, "relative_strength": -35.567521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.175016, "energy": 72.56679, "activity_lines": [ 73.700001, 74.605454, 76.763809, 79.58258 ] }, { "date": "2024-07-26", "close": 71.800003, "volume": 173934, "typical_volume": 292362.45, "trend": 82.98, "fair_value": 95.739604, "relative_strength": -33.675774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.539318, "energy": 68.380662, "activity_lines": [ 73.026668, 73.894546, 76.071429, 78.803226 ] }, { "date": "2024-08-02", "close": 67.099998, "volume": 478833, "typical_volume": 293649.65, "trend": 81.94, "fair_value": 95.458824, "relative_strength": -35.788827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.895459, "energy": 87.914611, "activity_lines": [ 70.946667, 72.450909, 75.018095, 77.77871 ] }, { "date": "2024-08-09", "close": 70.699997, "volume": 343818, "typical_volume": 290544.45, "trend": 81.056667, "fair_value": 95.218447, "relative_strength": -30.977698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.176295, "energy": 60.627749, "activity_lines": [ 70.506666, 71.883636, 74.421428, 77.053548 ] }, { "date": "2024-08-16", "close": 69.800003, "volume": 184017, "typical_volume": 250230.4, "trend": 80.323333, "fair_value": 94.974038, "relative_strength": -33.711271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.809472, "energy": 57.615984, "activity_lines": [ 69.98, 71.309091, 73.810476, 76.327312 ] }, { "date": "2024-08-23", "close": 74.900002, "volume": 439084, "typical_volume": 261324.55, "trend": 79.773333, "fair_value": 94.782857, "relative_strength": -27.421782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.326375, "energy": 45.485779, "activity_lines": [ 71.453334, 71.796364, 73.725715, 75.977419 ] }, { "date": "2024-08-30", "close": 75.900002, "volume": 632882, "typical_volume": 280510.05, "trend": 79.233333, "fair_value": 94.604717, "relative_strength": -25.882825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.310795, "energy": 22.191433, "activity_lines": [ 73.133335, 72.443637, 73.75381, 75.727527 ] }, { "date": "2024-09-06", "close": 73.0, "volume": 164050, "typical_volume": 280308.95, "trend": 78.633333, "fair_value": 94.402804, "relative_strength": -25.026552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.906841, "energy": 19.209557, "activity_lines": [ 73.573334, 72.532728, 73.526191, 75.325377 ] }, { "date": "2024-09-13", "close": 78.400002, "volume": 548150, "typical_volume": 297665.0, "trend": 78.233333, "fair_value": 94.25463, "relative_strength": -19.716354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.836515, "energy": 16.419987, "activity_lines": [ 75.420002, 73.616365, 73.832382, 75.310323 ] }, { "date": "2024-09-20", "close": 85.199997, "volume": 1941074, "typical_volume": 388034.8, "trend": 77.99, "fair_value": 94.17156, "relative_strength": -13.392437, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.73592, "energy": 38.050671, "activity_lines": [ 79.02, 75.854546, 74.796667, 75.759785 ] }, { "date": "2024-09-27", "close": 95.0, "volume": 925904, "typical_volume": 428166.0, "trend": 78.106667, "fair_value": 94.179091, "relative_strength": -5.38716, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 54.414283, "energy": 70.93858, "activity_lines": [ 84.86, 79.676364, 76.683334, 76.857204 ] }, { "date": "2024-10-04", "close": 99.599998, "volume": 709656, "typical_volume": 453872.8, "trend": 78.426667, "fair_value": 94.227928, "relative_strength": 2.213655, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.086554, "energy": 84.881914, "activity_lines": [ 90.893332, 83.934545, 78.93619, 78.243871 ] }, { "date": "2024-10-11", "close": 118.0, "volume": 1931771, "typical_volume": 531601.0, "trend": 79.326667, "fair_value": 94.440179, "relative_strength": 18.287197, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.614956, "energy": 98.361279, "activity_lines": [ 101.479999, 91.032727, 82.840952, 80.796989 ] }, { "date": "2024-10-18", "close": 148.5, "volume": 5377313, "typical_volume": 790352.4, "trend": 81.42, "fair_value": 94.918584, "relative_strength": 44.704902, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 99.371317, "energy": 99.599317, "activity_lines": [ 119.233333, 102.750909, 89.46619, 85.259785 ] }, { "date": "2024-10-25", "close": 157.0, "volume": 2292139, "typical_volume": 895988.5, "trend": 84.043333, "fair_value": 95.463158, "relative_strength": 52.962907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.312383, "energy": 98.963955, "activity_lines": [ 135.146666, 114.6, 96.571429, 90.135914 ] }, { "date": "2024-11-01", "close": 151.0, "volume": 693849, "typical_volume": 917625.55, "trend": 86.456667, "fair_value": 95.946087, "relative_strength": 50.094803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.808013, "energy": 93.922615, "activity_lines": [ 144.273333, 123.772727, 102.725238, 94.455699 ] }, { "date": "2024-11-08", "close": 165.5, "volume": 3188082, "typical_volume": 1064115.95, "trend": 89.3, "fair_value": 96.54569, "relative_strength": 58.017758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.03429, "energy": 95.701666, "activity_lines": [ 154.5, 134.198182, 109.891905, 99.555269 ] }, { "date": "2024-11-15", "close": 138.0, "volume": 2758896, "typical_volume": 1192646.7, "trend": 91.33, "fair_value": 96.9, "relative_strength": 36.090181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.321097, "energy": 68.306758, "activity_lines": [ 151.166667, 137.994545, 114.004762, 102.697204 ] }, { "date": "2024-11-22", "close": 139.0, "volume": 3008928, "typical_volume": 1333822.05, "trend": 93.276667, "fair_value": 97.25678, "relative_strength": 35.88532, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.884455, "energy": 65.356077, "activity_lines": [ 146.833333, 140.790909, 117.906667, 105.772688 ] }, { "date": "2024-11-29", "close": 140.5, "volume": 2030280, "typical_volume": 1404631.7, "trend": 95.196667, "fair_value": 97.620168, "relative_strength": 40.996274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.316978, "energy": 58.00223, "activity_lines": [ 143.633333, 142.758182, 121.641429, 108.819355 ] }, { "date": "2024-12-06", "close": 149.0, "volume": 3594806, "typical_volume": 1570873.3, "trend": 97.5, "fair_value": 98.048333, "relative_strength": 43.165475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.669959, "energy": 46.44901, "activity_lines": [ 144.366667, 145.265455, 125.870476, 112.290538 ] }, { "date": "2024-12-13", "close": 168.0, "volume": 4254479, "typical_volume": 1774900.55, "trend": 100.483333, "fair_value": 98.626446, "relative_strength": 61.494282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.065644, "energy": 57.855519, "activity_lines": [ 151.566667, 150.245455, 131.547143, 116.838925 ] }, { "date": "2024-12-20", "close": 166.5, "volume": 3798277, "typical_volume": 1940872.75, "trend": 103.39, "fair_value": 99.182787, "relative_strength": 62.460044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.540773, "energy": 57.222103, "activity_lines": [ 158.1, 153.709091, 136.622857, 121.098065 ] }, { "date": "2024-12-27", "close": 171.0, "volume": 3028799, "typical_volume": 2075121.8, "trend": 106.446666, "fair_value": 99.766667, "relative_strength": 60.121714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.966525, "energy": 59.893503, "activity_lines": [ 164.233333, 157.109091, 141.653809, 125.46 ] }, { "date": "2025-01-03", "close": 200.5, "volume": 5587490, "typical_volume": 2345295.45, "trend": 110.556667, "fair_value": 100.579032, "relative_strength": 88.277017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.469659, "energy": 70.731995, "activity_lines": [ 178.066667, 165.463636, 149.016667, 131.527957 ] }, { "date": "2025-01-10", "close": 206.0, "volume": 6294210, "typical_volume": 2638051.75, "trend": 114.966667, "fair_value": 101.4224, "relative_strength": 89.898865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.198593, "energy": 80.84463, "activity_lines": [ 189.733333, 174.027273, 156.280952, 137.685591 ] }, { "date": "2025-01-17", "close": 213.5, "volume": 4416487, "typical_volume": 2827232.0, "trend": 119.61, "fair_value": 102.311905, "relative_strength": 92.488827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.506478, "energy": 86.237081, "activity_lines": [ 200.1, 182.954545, 163.635238, 144.042581 ] }, { "date": "2025-01-24", "close": 213.0, "volume": 1288920, "typical_volume": 2883475.5, "trend": 124.253334, "fair_value": 103.183465, "relative_strength": 85.990784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.398586, "energy": 86.044062, "activity_lines": [ 207.266667, 190.918182, 170.286667, 150.067742 ] }, { "date": "2025-02-07", "close": 199.0, "volume": 2132113, "typical_volume": 2962673.65, "trend": 128.423334, "fair_value": 103.932031, "relative_strength": 71.823219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.519925, "energy": 73.20075, "activity_lines": [ 206.666667, 194.972727, 174.938095, 154.890108 ] }, { "date": "2025-02-14", "close": 257.0, "volume": 6396815, "typical_volume": 3185460.7, "trend": 134.513333, "fair_value": 105.118605, "relative_strength": 119.820523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.060661, "energy": 75.321581, "activity_lines": [ 223.533333, 208.481818, 184.539048, 163.185376 ] }, { "date": "2025-02-21", "close": 247.5, "volume": 3416119, "typical_volume": 3309971.45, "trend": 140.33, "fair_value": 106.213846, "relative_strength": 102.250523, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.274457, "energy": 69.773219, "activity_lines": [ 233.466667, 218.145455, 192.417143, 170.474839 ] }, { "date": "2025-02-28", "close": 232.248795, "volume": 1693132, "typical_volume": 3359145.25, "trend": 145.678293, "fair_value": 107.175945, "relative_strength": 91.661128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.945181, "energy": 62.586377, "activity_lines": [ 235.549598, 223.245235, 198.116552, 176.405084 ] }, { "date": "2025-03-07", "close": 200.0, "volume": 4879259, "typical_volume": 3506519.65, "trend": 150.108293, "fair_value": 107.879158, "relative_strength": 66.089248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.706649, "energy": 54.313795, "activity_lines": [ 225.633012, 221.313439, 200.112986, 179.90971 ] }, { "date": "2025-03-14", "close": 192.5, "volume": 3715468, "typical_volume": 3423427.4, "trend": 154.168293, "fair_value": 108.515404, "relative_strength": 61.826824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.090703, "energy": 35.479239, "activity_lines": [ 214.083092, 217.408916, 201.004659, 182.644659 ] }, { "date": "2025-03-21", "close": 193.0, "volume": 3863112, "typical_volume": 3501976.05, "trend": 158.27496, "fair_value": 109.145887, "relative_strength": 58.201304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.407147, "energy": 24.40738, "activity_lines": [ 203.133173, 213.204392, 201.734426, 185.14993 ] }, { "date": "2025-03-28", "close": 174.0, "volume": 6583068, "typical_volume": 3796437.0, "trend": 161.578293, "fair_value": 109.626287, "relative_strength": 44.695411, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.968028, "energy": 23.292166, "activity_lines": [ 190.116586, 205.681687, 200.483242, 186.164449 ] }, { "date": "2025-04-04", "close": 150.0, "volume": 3967794, "typical_volume": 3835422.6, "trend": 164.048293, "fair_value": 109.923153, "relative_strength": 25.144931, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.509674, "energy": 27.569965, "activity_lines": [ 174.0, 194.377163, 196.836819, 185.417462 ] }, { "date": "2025-04-11", "close": 139.5, "volume": 5384768, "typical_volume": 3966716.2, "trend": 166.26496, "fair_value": 110.139042, "relative_strength": 25.523838, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.688003, "energy": 42.324581, "activity_lines": [ 159.866667, 182.318094, 192.264205, 183.833701 ] }, { "date": "2025-04-18", "close": 146.0, "volume": 3759012, "typical_volume": 4004220.4, "trend": 168.518293, "fair_value": 110.398904, "relative_strength": 30.662398, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.09345, "energy": 53.838307, "activity_lines": [ 151.933333, 172.777207, 188.303497, 182.526284 ] }, { "date": "2025-04-25", "close": 145.0, "volume": 2993006, "typical_volume": 4052356.7, "trend": 170.511626, "fair_value": 110.647833, "relative_strength": 25.248342, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.958807, "energy": 60.583357, "activity_lines": [ 146.766667, 164.018138, 184.214217, 181.008975 ] }, { "date": "2025-05-02", "close": 147.0, "volume": 1168598, "typical_volume": 3931046.3, "trend": 172.24496, "fair_value": 110.907491, "relative_strength": 20.171281, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.709264, "energy": 55.076915, "activity_lines": [ 145.466667, 157.659069, 180.293985, 179.492096 ] }, { "date": "2025-05-09", "close": 139.0, "volume": 2331153, "typical_volume": 3834880.0, "trend": 173.558293, "fair_value": 111.106729, "relative_strength": 11.99916, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.376926, "energy": 45.02655, "activity_lines": [ 143.3, 151.672727, 175.621371, 177.34726 ] }, { "date": "2025-05-16", "close": 149.0, "volume": 2518662, "typical_volume": 3770899.25, "trend": 174.591627, "fair_value": 111.373583, "relative_strength": 13.859315, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.649296, "energy": 37.125908, "activity_lines": [ 145.2, 149.2, 172.039234, 175.762854 ] }, { "date": "2025-05-23", "close": 159.0, "volume": 2524899, "typical_volume": 3745704.25, "trend": 174.941627, "fair_value": 111.706635, "relative_strength": 21.1554, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.681713, "energy": 36.282108, "activity_lines": [ 149.8, 149.472727, 169.492811, 174.756943 ] }, { "date": "2025-05-30", "close": 145.0, "volume": 1555082, "typical_volume": 3544083.85, "trend": 174.541627, "fair_value": 111.937839, "relative_strength": 10.969085, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.700053, "energy": 35.711088, "activity_lines": [ 148.866667, 147.809091, 165.670198, 172.825225 ] }, { "date": "2025-06-06", "close": 138.5, "volume": 887456, "typical_volume": 3273746.15, "trend": 174.12496, "fair_value": 112.121026, "relative_strength": 3.599017, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.16651, "energy": 41.37853, "activity_lines": [ 145.766667, 145.836364, 161.492823, 170.499959 ] }, { "date": "2025-06-13", "close": 130.0, "volume": 3915242, "typical_volume": 3248683.9, "trend": 172.941627, "fair_value": 112.243485, "relative_strength": -5.271265, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.628071, "energy": 47.573138, "activity_lines": [ 140.4, 142.963636, 156.827352, 167.653187 ] }, { "date": "2025-06-20", "close": 152.5, "volume": 4354287, "typical_volume": 3401952.25, "trend": 173.42496, "fair_value": 112.517339, "relative_strength": 10.021644, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.963234, "energy": 40.15348, "activity_lines": [ 143.133333, 144.545455, 154.702358, 166.334372 ] }, { "date": "2025-06-27", "close": 197.0, "volume": 9190503, "typical_volume": 3754871.75, "trend": 175.358293, "fair_value": 113.088168, "relative_strength": 36.453503, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.043661, "energy": 10.105751, "activity_lines": [ 160.466667, 153.981818, 157.103554, 167.855343 ] }, { "date": "2025-07-04", "close": 186.0, "volume": 5104924, "typical_volume": 3690277.2, "trend": 176.87496, "fair_value": 113.577509, "relative_strength": 27.090278, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.684323, "energy": 17.509725, "activity_lines": [ 171.6, 160.490909, 158.466655, 168.541904 ] }, { "date": "2025-07-11", "close": 171.0, "volume": 2952667, "typical_volume": 3667104.6, "trend": 177.608293, "fair_value": 113.960325, "relative_strength": 14.312725, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.002994, "energy": 25.635678, "activity_lines": [ 175.0, 163.527273, 158.73928, 168.162875 ] }, { "date": "2025-07-18", "close": 167.5, "volume": 2194125, "typical_volume": 3692154.25, "trend": 177.591627, "fair_value": 114.314893, "relative_strength": 7.668604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.393264, "energy": 25.328767, "activity_lines": [ 175.066667, 165.490909, 159.042857, 167.510727 ] }, { "date": "2025-07-25", "close": 152.0, "volume": 2380809, "typical_volume": 3567231.75, "trend": 177.108293, "fair_value": 114.562821, "relative_strength": -3.144026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.771158, "energy": 16.39569, "activity_lines": [ 167.466667, 164.118182, 158.178571, 165.859654 ] }, { "date": "2025-08-01", "close": 144.5, "volume": 2536831, "typical_volume": 3508299.9, "trend": 176.22496, "fair_value": 114.758489, "relative_strength": -8.95929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.52795, "energy": 25.5294, "activity_lines": [ 157.4, 161.327273, 156.828571, 163.755893 ] }, { "date": "2025-08-08", "close": 142.5, "volume": 1855851, "typical_volume": 3407936.85, "trend": 174.291627, "fair_value": 114.938629, "relative_strength": -13.111342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.702303, "energy": 35.370535, "activity_lines": [ 150.166667, 158.436364, 155.516667, 161.580089 ] }, { "date": "2025-08-15", "close": 161.5, "volume": 3241709, "typical_volume": 3240868.9, "trend": 172.808293, "fair_value": 115.239024, "relative_strength": -3.700618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.588501, "energy": 29.91701, "activity_lines": [ 152.166667, 159.045455, 156.254762, 160.754823 ] }, { "date": "2025-08-22", "close": 168.0, "volume": 5844228, "typical_volume": 3334690.6, "trend": 171.291627, "fair_value": 115.577236, "relative_strength": 1.460739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.471988, "energy": 16.88484, "activity_lines": [ 156.966667, 160.418182, 157.671429, 160.444611 ] }, { "date": "2025-08-29", "close": 171.5, "volume": 3477794, "typical_volume": 3239341.9, "trend": 169.908293, "fair_value": 115.862492, "relative_strength": 0.545636, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.116183, "energy": 5.227854, "activity_lines": [ 162.9, 161.736364, 159.335714, 160.458054 ] }, { "date": "2025-09-05", "close": 167.5, "volume": 6033553, "typical_volume": 3353068.95, "trend": 168.858293, "fair_value": 116.243903, "relative_strength": -3.749677, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.922757, "energy": 10.90952, "activity_lines": [ 166.2, 161.981818, 160.466667, 160.30268 ] }, { "date": "2025-09-12", "close": 154.5, "volume": 3399234, "typical_volume": 3373380.35, "trend": 165.441627, "fair_value": 116.541979, "relative_strength": -15.245465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.372719, "energy": 9.787172, "activity_lines": [ 163.633333, 160.4, 160.257143, 159.376339 ] }, { "date": "2025-09-19", "close": 158.5, "volume": 2399850, "typical_volume": 3434942.95, "trend": 162.47496, "fair_value": 116.891338, "relative_strength": -14.003198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.807532, "energy": 8.006688, "activity_lines": [ 161.6, 160.118182, 160.383333, 158.928492 ] }, { "date": "2025-09-26", "close": 152.5, "volume": 1459125, "typical_volume": 3391341.55, "trend": 159.816667, "fair_value": 117.221467, "relative_strength": -17.729676, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -18.679077, "energy": 11.59591, "activity_lines": [ 157.766667, 158.972727, 159.883333, 158.284946 ] }, { "date": "2025-10-03", "close": 153.0, "volume": 859211, "typical_volume": 3308369.0, "trend": 158.25, "fair_value": 117.657364, "relative_strength": -21.425938, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.534329, "energy": 17.281132, "activity_lines": [ 155.133333, 158.190909, 159.366667, 157.845161 ] }, { "date": "2025-10-10", "close": 150.0, "volume": 724268, "typical_volume": 3218337.45, "trend": 156.833333, "fair_value": 118.047749, "relative_strength": -24.697313, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.734202, "energy": 23.687066, "activity_lines": [ 152.733333, 156.845455, 158.545238, 157.312903 ] }, { "date": "2025-10-17", "close": 146.5, "volume": 1159196, "typical_volume": 3198543.15, "trend": 155.283333, "fair_value": 118.400313, "relative_strength": -26.496923, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.142428, "energy": 33.301202, "activity_lines": [ 150.333333, 154.763636, 157.433333, 156.646237 ] }, { "date": "2025-10-24", "close": 154.0, "volume": 1145276, "typical_volume": 3211434.15, "trend": 154.616667, "fair_value": 118.835569, "relative_strength": -23.231674, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.12446, "energy": 26.741439, "activity_lines": [ 150.966667, 153.972727, 157.028571, 156.563441 ] }, { "date": "2025-10-31", "close": 152.5, "volume": 847616, "typical_volume": 3058052.85, "trend": 154.7, "fair_value": 119.300313, "relative_strength": -25.607427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.615258, "energy": 22.009634, "activity_lines": [ 151.4, 153.045455, 156.407143, 156.426882 ] }, { "date": "2025-11-07", "close": 152.0, "volume": 1223759, "typical_volume": 2901526.45, "trend": 155.116667, "fair_value": 119.733005, "relative_strength": -24.063243, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.891127, "energy": 14.438173, "activity_lines": [ 151.666667, 152.309091, 155.630952, 156.252688 ] }, { "date": "2025-11-14", "close": 138.5, "volume": 1973321, "typical_volume": 2540667.35, "trend": 154.866667, "fair_value": 119.989415, "relative_strength": -29.798751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -37.850797, "energy": 30.124249, "activity_lines": [ 147.5, 149.472727, 153.571429, 155.180645 ] }, { "date": "2025-11-21", "close": 127.0, "volume": 1742676, "typical_volume": 2372554.95, "trend": 154.266667, "fair_value": 120.127236, "relative_strength": -33.057884, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.063206, "energy": 67.345298, "activity_lines": [ 140.266667, 145.072727, 150.695238, 153.382796 ] }, { "date": "2025-11-28", "close": 132.0, "volume": 1501986, "typical_volume": 2300020.9, "trend": 153.766667, "fair_value": 120.344544, "relative_strength": -33.19222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.825203, "energy": 70.681426, "activity_lines": [ 136.0, 142.081818, 148.57619, 151.946237 ] }, { "date": "2025-12-05", "close": 128.5, "volume": 2090591, "typical_volume": 2294844.2, "trend": 153.416667, "fair_value": 120.559287, "relative_strength": -35.489277, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.266377, "energy": 78.048943, "activity_lines": [ 132.033333, 138.936364, 146.309524, 150.316129 ] }, { "date": "2025-12-12", "close": 132.0, "volume": 1793477, "typical_volume": 2265477.6, "trend": 152.85, "fair_value": 120.725954, "relative_strength": -33.931345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.37224, "energy": 74.958421, "activity_lines": [ 130.833333, 136.863636, 144.561905, 148.934409 ] }, { "date": "2025-12-19", "close": 134.0, "volume": 858061, "typical_volume": 2181539.1, "trend": 152.016667, "fair_value": 120.934287, "relative_strength": -31.256529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.859115, "energy": 66.295524, "activity_lines": [ 131.633333, 135.536364, 143.1, 147.71828 ] }, { "date": "2025-12-26", "close": 129.5, "volume": 691391, "typical_volume": 2123316.1, "trend": 151.5, "fair_value": 121.059287, "relative_strength": -35.057274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.078958, "energy": 59.140169, "activity_lines": [ 131.233333, 133.681818, 141.259524, 146.265591 ] }, { "date": "2026-01-02", "close": 131.0, "volume": 1195256, "typical_volume": 2020993.45, "trend": 151.25, "fair_value": 121.245185, "relative_strength": -35.570214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.881904, "energy": 45.291837, "activity_lines": [ 131.166667, 132.409091, 139.62381, 144.943011 ] }, { "date": "2026-01-09", "close": 126.0, "volume": 2311516, "typical_volume": 1844357.85, "trend": 151.116667, "fair_value": 121.414415, "relative_strength": -39.175439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.280149, "energy": 46.337124, "activity_lines": [ 129.5, 130.645455, 137.657143, 143.313978 ] }, { "date": "2026-01-16", "close": 123.0, "volume": 4009666, "typical_volume": 1870951.45, "trend": 150.133333, "fair_value": 121.577877, "relative_strength": -41.918015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.705255, "energy": 48.741072, "activity_lines": [ 127.0, 128.818182, 135.604762, 141.5 ] }, { "date": "2026-01-23", "close": 111.5, "volume": 3305621, "typical_volume": 1734554.85, "trend": 147.283333, "fair_value": 121.645185, "relative_strength": -47.39874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.748979, "energy": 62.604262, "activity_lines": [ 121.266667, 125.427273, 132.688095, 139.007527 ] }, { "date": "2026-01-30", "close": 121.0, "volume": 4205182, "typical_volume": 1774852.25, "trend": 145.116667, "fair_value": 121.76698, "relative_strength": -42.214277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.544556, "energy": 51.581068, "activity_lines": [ 120.2, 124.254545, 130.942857, 137.311828 ] }, { "date": "2026-02-06", "close": 119.5, "volume": 1908165, "typical_volume": 1750268.0, "trend": 143.4, "fair_value": 121.89198, "relative_strength": -41.615558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.836925, "energy": 52.155947, "activity_lines": [ 119.2, 122.918182, 129.214286, 135.65914 ] }, { "date": "2026-02-13", "close": 117.5, "volume": 1511833, "typical_volume": 1752903.4, "trend": 141.733333, "fair_value": 122.0048, "relative_strength": -44.44504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.709937, "energy": 48.368835, "activity_lines": [ 118.3, 121.445455, 127.480952, 133.988172 ] }, { "date": "2026-02-27", "close": 151.5, "volume": 5180942, "typical_volume": 1968989.95, "trend": 141.716667, "fair_value": 122.299672, "relative_strength": -30.725877, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.289828, "energy": 9.806731, "activity_lines": [ 129.3, 126.354545, 129.152381, 134.61828 ] }, { "date": "2026-03-06", "close": 135.0, "volume": 4079003, "typical_volume": 2136726.7, "trend": 141.4, "fair_value": 122.49198, "relative_strength": -33.685386, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.60321, "energy": 17.698804, "activity_lines": [ 132.9, 127.909091, 129.259524, 134.184946 ] }, { "date": "2026-03-13", "close": 143.5, "volume": 5077585, "typical_volume": 2332646.15, "trend": 141.433333, "fair_value": 122.735569, "relative_strength": -28.047597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.359762, "energy": 15.200893, "activity_lines": [ 137.766667, 130.990909, 130.247619, 134.32043 ] }, { "date": "2026-03-20", "close": 143.5, "volume": 4571640, "typical_volume": 2503964.35, "trend": 140.833333, "fair_value": 123.015697, "relative_strength": -27.305556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.475951, "energy": 27.235665, "activity_lines": [ 141.133333, 133.818182, 131.25, 134.453763 ] }, { "date": "2026-03-27", "close": 153.5, "volume": 9003512, "typical_volume": 2911759.15, "trend": 140.35, "fair_value": 123.381723, "relative_strength": -20.169226, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.714951, "energy": 34.345197, "activity_lines": [ 146.233333, 138.236364, 133.254762, 135.270968 ] }, { "date": "2026-04-03", "close": 139.0, "volume": 4001384, "typical_volume": 3050640.4, "trend": 139.266667, "fair_value": 123.625313, "relative_strength": -25.578064, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.884663, "energy": 26.210518, "activity_lines": [ 144.1, 139.518182, 133.87381, 135.183871 ] }, { "date": "2026-04-10", "close": 137.5, "volume": 2312684, "typical_volume": 3067608.55, "trend": 138.266667, "fair_value": 123.865697, "relative_strength": -31.570215, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.381725, "energy": 15.602553, "activity_lines": [ 142.3, 140.236364, 134.411905, 135.069892 ] }, { "date": "2026-04-17", "close": 167.5, "volume": 7109992, "typical_volume": 3335974.35, "trend": 138.7, "fair_value": 124.272749, "relative_strength": -19.069334, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 45.273468, "energy": 34.86092, "activity_lines": [ 150.333333, 145.936364, 137.811905, 136.955914 ] }, { "date": "2026-04-24", "close": 169.5, "volume": 11316072, "typical_volume": 3826678.65, "trend": 139.066667, "fair_value": 124.699031, "relative_strength": -21.729951, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.311222, "energy": 40.348572, "activity_lines": [ 157.433333, 151.154545, 141.209524, 138.943011 ] }, { "date": "2026-05-01", "close": 155.5, "volume": 3367942, "typical_volume": 3890546.2, "trend": 139.166667, "fair_value": 125.063774, "relative_strength": -27.354847, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.867103, "energy": 51.936794, "activity_lines": [ 158.133333, 152.918182, 143.095238, 140.003226 ] }, { "date": "2026-05-08", "close": 147.0, "volume": 3242647, "typical_volume": 3963004.7, "trend": 138.966667, "fair_value": 125.374031, "relative_strength": -34.940118, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.478947, "energy": 49.705721, "activity_lines": [ 155.866667, 152.445455, 144.042857, 140.508602 ] }, { "date": "2026-05-15", "close": 148.5, "volume": 3343852, "typical_volume": 4087294.25, "trend": 138.916667, "fair_value": 125.675313, "relative_strength": -32.864818, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.560903, "energy": 29.641615, "activity_lines": [ 153.566667, 152.327273, 145.061905, 141.123656 ] }, { "date": "2026-05-22", "close": 169.5, "volume": 4560089, "typical_volume": 4280729.15, "trend": 139.683333, "fair_value": 126.120826, "relative_strength": -24.59851, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.518598, "energy": 32.728419, "activity_lines": [ 157.533333, 155.781818, 148.011905, 143.096774 ] }, { "date": "2026-05-29", "close": 151.5, "volume": 6032772, "typical_volume": 4522604.95, "trend": 139.6, "fair_value": 126.450954, "relative_strength": -35.395174, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.110902, "energy": 21.40153, "activity_lines": [ 155.366667, 155.490909, 149.057143, 143.85914 ] }, { "date": "2026-06-05", "close": 140.0, "volume": 3131408, "typical_volume": 4563599.55, "trend": 139.183333, "fair_value": 126.704159, "relative_strength": -39.934651, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.612038, "energy": 14.71447, "activity_lines": [ 150.566667, 152.963636, 148.909524, 143.884946 ] }, { "date": "2026-06-12", "close": 133.0, "volume": 2066017, "typical_volume": 4466417.1, "trend": 138.55, "fair_value": 126.922108, "relative_strength": -41.030917, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.535411, "energy": 9.866093, "activity_lines": [ 144.466667, 149.409091, 148.028571, 143.486022 ] }, { "date": "2026-06-19", "close": 130.0, "volume": 1251482, "typical_volume": 4363710.15, "trend": 138.266667, "fair_value": 127.059928, "relative_strength": -44.563891, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.562844, "energy": 15.791853, "activity_lines": [ 138.3, 145.418182, 146.814286, 142.934409 ] }, { "date": "2026-06-26", "close": 121.0, "volume": 2199561, "typical_volume": 4263429.1, "trend": 138.066667, "fair_value": 127.146467, "relative_strength": -45.334427, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.347678, "energy": 42.555789, "activity_lines": [ 130.366667, 139.927273, 144.654762, 141.82043 ] }, { "date": "2026-07-03", "close": 123.0, "volume": 1195638, "typical_volume": 4227802.75, "trend": 137.766667, "fair_value": 127.130441, "relative_strength": -45.774798, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.694228, "energy": 51.191982, "activity_lines": [ 126.333333, 135.645455, 142.685714, 140.848387 ] }, { "date": "2026-07-10", "close": 113.5, "volume": 0, "typical_volume": 4152211.1, "trend": 137.266667, "fair_value": 127.09839, "relative_strength": -47.185954, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.087862, "energy": 58.785326, "activity_lines": [ 121.033333, 130.481818, 139.795238, 139.282796 ] }, { "date": "2026-07-17", "close": 103.0, "volume": 471000, "typical_volume": 3916714.0, "trend": 136.3, "fair_value": 127.082364, "relative_strength": -47.980698, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.614186, "energy": 70.609316, "activity_lines": [ 114.0, 124.172727, 135.92381, 137.072043 ] }, { "date": "2026-07-24", "close": 98.800003, "volume": 1469068, "typical_volume": 3786217.25, "trend": 135.126667, "fair_value": 127.049031, "relative_strength": -50.215086, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.876925, "energy": 85.527318, "activity_lines": [ 107.566668, 117.900001, 131.883334, 134.652688 ] }, { "date": "2026-07-31", "close": 91.099998, "volume": 2336331, "typical_volume": 3649154.55, "trend": 133.846667, "fair_value": 126.963133, "relative_strength": -52.645433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.823757, "energy": 90.042096, "activity_lines": [ 100.646667, 111.130909, 127.281905, 131.812258 ] }, { "date": "2026-08-07", "close": 96.800003, "volume": 1331249, "typical_volume": 3487135.0, "trend": 132.706667, "fair_value": 126.878518, "relative_strength": -50.085298, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.031914, "energy": 86.816924, "activity_lines": [ 97.620001, 106.823637, 123.472858, 129.422151 ] }, { "date": "2026-08-14", "close": 92.400002, "volume": 635077, "typical_volume": 3068713.25, "trend": 131.586667, "fair_value": 126.772108, "relative_strength": -53.199134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.881869, "energy": 87.391867, "activity_lines": [ 94.873335, 102.71091, 119.467143, 126.821721 ] }, { "date": "2026-08-21", "close": 91.300003, "volume": 643066, "typical_volume": 2900797.35, "trend": 130.53, "fair_value": 126.684287, "relative_strength": -52.170783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.310881, "energy": 86.1427, "activity_lines": [ 93.166669, 99.263638, 115.64762, 124.222581 ] } ], "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." } } }