{ "ticker": { "uuid": "f0ba2aa7-6eb8-4112-a5e5-918017cfa87f", "symbol": "7203", "name": "Elm Company", "exchange": "SAU", "country": "SA", "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": "^TASI.SR", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -21.423, "architecture_energy": 20.389, "architecture_maturity": 51.407, "architecture_confidence": 78.065, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 54.79, "rotation_up": 17.23, "upward_expansion": 21.15, "deceleration": 68.83, "rotation_down": 53.13, "downward_expansion": 32.48 }, "activity_lines": [ 652.082874, 665.18071, 663.942052, 649.456014 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 621.5, "trend_reference": 649.786853, "distance_from_trend": -0.043533, "trend_direction": "Weakening", "fair_value": 859.87259, "distance_from_fair_value": -0.277219, "fair_value_direction": "Weakening", "relative_strength": -13.53756, "relative_strength_direction": "Improving", "price_momentum": -0.077201, "excess_performance": -0.045372, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.043533, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.048493, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.277219, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.053237, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.135376, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.042621, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.077201, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.979828, "read": "Supply-led" } ], "volume": { "latest": 1047188, "relative_activity": 1.741674, "balance": 0.979828, "dry_up": 0.827115, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.059556, "annualized_volatility": 0.414366, "from_high_reference": -0.35537, "from_low_reference": 0.230693 }, "levels": { "trend_reference": 649.786853, "fair_value_reference": 859.87259, "structural_low": 505.0, "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": 6, "median_return": 0.006483, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.032366, "regime_survival": 0.5, "best_return": 0.102087, "worst_return": -0.097231, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.034578, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.009621, "regime_survival": 0.0, "best_return": 0.276543, "worst_return": -0.083906, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.114836, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.076891, "regime_survival": 0.333333, "best_return": 0.257893, "worst_return": -0.034526, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.079886, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.052641, "regime_survival": 0.0, "best_return": 0.402345, "worst_return": -0.242573, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 0.108515, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-23", "end": "2024-09-27", "tenure": "Developing", "return": 0.094055, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-11-01", "tenure": "Developing", "return": -0.081717, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": 0.017012, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-02-14", "tenure": "Developing", "return": -0.012368, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.091481, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.013796, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.101875, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": -0.121887, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2025-10-17", "tenure": "Established", "return": -0.066146, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2025-11-14", "tenure": "New", "return": -0.112185, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-05-29", "tenure": "Extended", "return": -0.146163, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-07-17", "tenure": "Developing", "return": -0.09123, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.090177, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 627.306763, "volume": 708810, "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": 660.322937, "volume": 825491, "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": 689.757507, "volume": 591980, "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": 751.788879, "volume": 918493, "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": 829.035522, "volume": 1737815, "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": 765.248474, "volume": 793624, "typical_volume": 545176.85, "trend": 517.649998, "fair_value": 365.68535, "relative_strength": 75.858065, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.347732, "energy": 66.838814, "activity_lines": [ 762.505936, 720.08564, 646.366683, 589.288055 ] }, { "date": "2023-09-15", "close": 714.921204, "volume": 731448, "typical_volume": 581741.75, "trend": 529.48951, "fair_value": 369.996904, "relative_strength": 62.180936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.278834, "energy": 66.324303, "activity_lines": [ 754.402783, 725.063787, 659.160715, 602.01523 ] }, { "date": "2023-09-22", "close": 691.90332, "volume": 656017, "typical_volume": 614521.65, "trend": 539.983096, "fair_value": 373.922592, "relative_strength": 57.051601, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.266421, "energy": 59.91232, "activity_lines": [ 734.987117, 723.13391, 668.377993, 612.49354 ] }, { "date": "2023-09-29", "close": 760.762024, "volume": 1012735, "typical_volume": 665136.25, "trend": 553.099881, "fair_value": 378.583308, "relative_strength": 67.558607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.212068, "energy": 51.578711, "activity_lines": [ 738.381299, 732.884773, 682.906946, 626.737342 ] }, { "date": "2023-10-06", "close": 739.304626, "volume": 668539, "typical_volume": 698539.2, "trend": 565.49499, "fair_value": 382.877609, "relative_strength": 64.005898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.170078, "energy": 38.092485, "activity_lines": [ 734.024805, 737.102338, 693.793171, 638.750551 ] }, { "date": "2023-10-13", "close": 711.019897, "volume": 760848, "typical_volume": 736526.95, "trend": 576.638654, "fair_value": 386.738106, "relative_strength": 57.472947, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.096049, "energy": 35.82683, "activity_lines": [ 726.222127, 734.917751, 700.638446, 648.139255 ] }, { "date": "2023-10-20", "close": 715.701477, "volume": 731662, "typical_volume": 773002.75, "trend": 587.411144, "fair_value": 390.563262, "relative_strength": 54.66591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.368363, "energy": 35.180145, "activity_lines": [ 723.595215, 732.062303, 706.73653, 657.11105 ] }, { "date": "2023-10-27", "close": 684.68573, "volume": 509425, "typical_volume": 798451.7, "trend": 596.249633, "fair_value": 393.94398, "relative_strength": 48.831601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.863623, "energy": 24.804116, "activity_lines": [ 710.577702, 722.560746, 708.586774, 663.38683 ] }, { "date": "2023-11-03", "close": 667.519897, "volume": 638636, "typical_volume": 830372.45, "trend": 604.29732, "fair_value": 397.052797, "relative_strength": 37.103244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.418114, "energy": 19.56311, "activity_lines": [ 692.319417, 710.030343, 707.593024, 667.984911 ] }, { "date": "2023-11-10", "close": 691.708252, "volume": 488196, "typical_volume": 854763.65, "trend": 613.396848, "fair_value": 400.363533, "relative_strength": 40.123548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.327087, "energy": 15.406046, "activity_lines": [ 688.340059, 703.429986, 708.304514, 673.624326 ] }, { "date": "2023-11-17", "close": 723.69928, "volume": 555676, "typical_volume": 860636.9, "trend": 623.76343, "fair_value": 403.956152, "relative_strength": 41.092438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.920117, "energy": 15.214903, "activity_lines": [ 698.197469, 705.143039, 711.427783, 680.740612 ] }, { "date": "2023-11-24", "close": 716.676758, "volume": 282565, "typical_volume": 854517.75, "trend": 633.513977, "fair_value": 407.392642, "relative_strength": 37.560027, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.971093, "energy": 12.857806, "activity_lines": [ 704.868746, 706.334709, 713.127285, 686.73502 ] }, { "date": "2023-12-01", "close": 726.235107, "volume": 465498, "typical_volume": 799085.8, "trend": 643.382449, "fair_value": 410.858321, "relative_strength": 36.060804, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.185271, "energy": 25.702193, "activity_lines": [ 714.661121, 709.232342, 715.015592, 692.717029 ] }, { "date": "2023-12-08", "close": 762.32251, "volume": 639945, "typical_volume": 752083.8, "trend": 654.628625, "fair_value": 414.637506, "relative_strength": 39.981939, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.619603, "energy": 42.851935, "activity_lines": [ 733.712671, 718.067106, 719.957565, 700.390581 ] }, { "date": "2023-12-15", "close": 784.170105, "volume": 715777, "typical_volume": 721659.0, "trend": 665.554307, "fair_value": 418.568704, "relative_strength": 38.009596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.565399, "energy": 62.580321, "activity_lines": [ 753.726579, 730.845789, 726.545415, 708.748096 ] }, { "date": "2023-12-22", "close": 790.022034, "volume": 463933, "typical_volume": 709415.15, "trend": 676.539103, "fair_value": 422.478739, "relative_strength": 36.235271, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.76155, "energy": 69.746973, "activity_lines": [ 769.527006, 743.872722, 733.147083, 716.778272 ] }, { "date": "2023-12-29", "close": 794.898743, "volume": 323938, "typical_volume": 684337.5, "trend": 688.236727, "fair_value": 426.358114, "relative_strength": 31.730708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.748784, "energy": 76.457489, "activity_lines": [ 782.531486, 756.349927, 739.438366, 724.414378 ] }, { "date": "2024-01-05", "close": 804.652161, "volume": 586220, "typical_volume": 684049.5, "trend": 700.699678, "fair_value": 430.258053, "relative_strength": 29.248365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.310207, "energy": 75.38039, "activity_lines": [ 793.572307, 769.16053, 746.017708, 731.925051 ] }, { "date": "2024-01-12", "close": 907.647583, "volume": 1146056, "typical_volume": 695427.65, "trend": 712.892822, "fair_value": 435.129374, "relative_strength": 43.71787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.271622, "energy": 88.640448, "activity_lines": [ 833.717131, 798.516366, 761.859021, 745.276528 ] }, { "date": "2024-01-19", "close": 901.210388, "volume": 914300, "typical_volume": 654251.9, "trend": 724.321124, "fair_value": 439.837263, "relative_strength": 42.19173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.020256, "energy": 90.276765, "activity_lines": [ 862.027885, 822.335845, 776.345083, 757.426049 ] }, { "date": "2024-01-26", "close": 901.405396, "volume": 341512, "typical_volume": 631646.3, "trend": 735.529348, "fair_value": 444.452945, "relative_strength": 37.66735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.676047, "energy": 89.946178, "activity_lines": [ 882.600956, 842.381651, 790.506027, 768.850841 ] }, { "date": "2024-02-02", "close": 905.892029, "volume": 370806, "typical_volume": 613614.2, "trend": 746.887126, "fair_value": 449.021649, "relative_strength": 38.958452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.428898, "energy": 89.099331, "activity_lines": [ 897.244015, 860.012187, 804.445904, 779.841981 ] }, { "date": "2024-02-09", "close": 928.714844, "volume": 939555, "typical_volume": 627791.1, "trend": 756.319053, "fair_value": 453.724523, "relative_strength": 37.007975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.173845, "energy": 86.039292, "activity_lines": [ 912.095126, 878.352049, 819.649997, 791.572802 ] }, { "date": "2024-02-16", "close": 1002.645325, "volume": 786468, "typical_volume": 616477.75, "trend": 767.373745, "fair_value": 459.053851, "relative_strength": 42.321025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.582886, "energy": 87.403383, "activity_lines": [ 943.318885, 906.452366, 840.767415, 807.464819 ] }, { "date": "2024-02-23", "close": 1028.004028, "volume": 468937, "typical_volume": 606497.65, "trend": 779.306093, "fair_value": 464.524526, "relative_strength": 41.983865, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.46988, "energy": 82.101279, "activity_lines": [ 976.662362, 934.793851, 863.148121, 824.279676 ] }, { "date": "2024-03-01", "close": 1030.929932, "volume": 421272, "typical_volume": 589518.85, "trend": 792.760199, "fair_value": 469.918863, "relative_strength": 40.287495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.327838, "energy": 77.126716, "activity_lines": [ 1002.528231, 959.233975, 884.432727, 840.513472 ] }, { "date": "2024-03-08", "close": 1024.297852, "volume": 255944, "typical_volume": 565732.95, "trend": 804.892696, "fair_value": 475.148854, "relative_strength": 37.889941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.615817, "energy": 78.77958, "activity_lines": [ 1017.548438, 978.088122, 903.562324, 855.451386 ] }, { "date": "2024-03-15", "close": 969.604919, "volume": 1312331, "typical_volume": 605878.25, "trend": 814.220943, "fair_value": 479.769938, "relative_strength": 27.316941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.915432, "energy": 61.076336, "activity_lines": [ 1006.443945, 982.827206, 916.013564, 866.077981 ] }, { "date": "2024-03-22", "close": 939.439575, "volume": 324542, "typical_volume": 590173.55, "trend": 820.475966, "fair_value": 484.026139, "relative_strength": 21.010122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.894486, "energy": 49.067774, "activity_lines": [ 982.558333, 979.082542, 924.235156, 874.156602 ] }, { "date": "2024-03-29", "close": 939.243652, "volume": 285899, "typical_volume": 580058.7, "trend": 824.149571, "fair_value": 488.202446, "relative_strength": 22.237956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.249823, "energy": 33.365174, "activity_lines": [ 962.82113, 974.724219, 931.143234, 881.819033 ] }, { "date": "2024-04-05", "close": 968.821472, "volume": 166284, "typical_volume": 560589.1, "trend": 830.935337, "fair_value": 492.57171, "relative_strength": 23.305924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.250752, "energy": 25.211254, "activity_lines": [ 958.860559, 975.052167, 939.689506, 891.152704 ] }, { "date": "2024-04-19", "close": 894.387146, "volume": 417495, "typical_volume": 567335.6, "trend": 836.917535, "fair_value": 496.191669, "relative_strength": 14.50112, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.537874, "energy": 23.485685, "activity_lines": [ 934.22911, 960.620855, 939.979547, 895.246369 ] }, { "date": "2024-04-26", "close": 889.294312, "volume": 360232, "typical_volume": 562072.3, "trend": 843.497235, "fair_value": 499.701514, "relative_strength": 14.915956, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.151071, "energy": 19.71457, "activity_lines": [ 916.560763, 945.472753, 938.938315, 898.625516 ] }, { "date": "2024-05-03", "close": 922.593872, "volume": 313929, "typical_volume": 545771.5, "trend": 848.89163, "fair_value": 503.443924, "relative_strength": 16.967984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.686099, "energy": 14.988295, "activity_lines": [ 915.346309, 937.095853, 940.291998, 903.728525 ] }, { "date": "2024-05-10", "close": 884.397278, "volume": 357464, "typical_volume": 527855.85, "trend": 853.728052, "fair_value": 506.78562, "relative_strength": 11.608287, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.249708, "energy": 14.205118, "activity_lines": [ 902.522705, 923.229599, 937.244714, 906.019212 ] }, { "date": "2024-05-17", "close": 843.262573, "volume": 486199, "typical_volume": 528969.15, "trend": 858.136141, "fair_value": 509.711507, "relative_strength": 6.188637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.798503, "energy": 21.290658, "activity_lines": [ 879.643958, 904.495339, 929.802566, 905.34402 ] }, { "date": "2024-05-24", "close": 825.045715, "volume": 364217, "typical_volume": 530983.1, "trend": 861.780949, "fair_value": 512.429905, "relative_strength": 4.759373, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.948995, "energy": 43.524663, "activity_lines": [ 859.063517, 885.861057, 920.371952, 903.209154 ] }, { "date": "2024-05-31", "close": 802.715393, "volume": 291280, "typical_volume": 516236.1, "trend": 865.715271, "fair_value": 514.910978, "relative_strength": 5.386616, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.205386, "energy": 58.900087, "activity_lines": [ 835.662398, 866.789483, 908.671085, 899.398473 ] }, { "date": "2024-06-07", "close": 798.406128, "volume": 370512, "typical_volume": 477458.9, "trend": 870.078145, "fair_value": 517.313479, "relative_strength": 3.422763, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.416065, "energy": 60.538614, "activity_lines": [ 816.596785, 849.968761, 896.569034, 895.055947 ] }, { "date": "2024-06-14", "close": 804.086548, "volume": 424653, "typical_volume": 452976.55, "trend": 873.824089, "fair_value": 519.723337, "relative_strength": 3.794072, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.050347, "energy": 59.354704, "activity_lines": [ 807.703829, 836.745087, 885.528172, 890.798425 ] }, { "date": "2024-06-28", "close": 839.540771, "volume": 487484, "typical_volume": 460275.15, "trend": 877.685472, "fair_value": 522.388482, "relative_strength": 5.515451, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.983275, "energy": 53.50656, "activity_lines": [ 815.982995, 832.425038, 878.326398, 888.586598 ] }, { "date": "2024-07-05", "close": 831.509766, "volume": 203480, "typical_volume": 451908.85, "trend": 881.513239, "fair_value": 524.943203, "relative_strength": 4.46585, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.342619, "energy": 34.682462, "activity_lines": [ 821.83328, 828.995364, 870.65436, 885.60752 ] }, { "date": "2024-07-12", "close": 849.922424, "volume": 320737, "typical_volume": 420967.95, "trend": 885.636149, "fair_value": 527.606967, "relative_strength": 4.895718, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -44.729819, "energy": 30.5728, "activity_lines": [ 833.390181, 830.056671, 865.090109, 883.569403 ] }, { "date": "2024-07-19", "close": 887.531372, "volume": 372538, "typical_volume": 400271.45, "trend": 889.809778, "fair_value": 530.533182, "relative_strength": 5.26953, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.248108, "energy": 21.537353, "activity_lines": [ 854.336263, 838.671821, 863.482865, 883.691676 ] }, { "date": "2024-07-26", "close": 885.376648, "volume": 301459, "typical_volume": 391897.55, "trend": 893.183329, "fair_value": 533.394823, "relative_strength": 5.885969, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.511943, "energy": 22.523232, "activity_lines": [ 868.62242, 847.532703, 862.218571, 883.405667 ] }, { "date": "2024-08-02", "close": 884.789001, "volume": 187437, "typical_volume": 380205.8, "trend": 896.342228, "fair_value": 536.205976, "relative_strength": 5.167476, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.072757, "energy": 21.861144, "activity_lines": [ 877.293355, 856.268933, 861.577489, 882.864098 ] }, { "date": "2024-08-09", "close": 875.186157, "volume": 772896, "typical_volume": 406053.4, "trend": 899.018475, "fair_value": 538.896295, "relative_strength": 6.859142, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.018733, "energy": 17.206844, "activity_lines": [ 879.746793, 862.504166, 860.717759, 881.49919 ] }, { "date": "2024-08-16", "close": 970.156921, "volume": 447344, "typical_volume": 362804.05, "trend": 904.535301, "fair_value": 542.292048, "relative_strength": 15.161364, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.107655, "energy": 35.07441, "activity_lines": [ 910.945394, 885.095166, 869.612919, 886.088767 ] }, { "date": "2024-08-23", "close": 1005.549744, "volume": 307336, "typical_volume": 361943.75, "trend": 907.798706, "fair_value": 545.911249, "relative_strength": 15.850665, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.749693, "energy": 63.396565, "activity_lines": [ 945.925968, 911.076833, 881.876196, 892.605828 ] }, { "date": "2024-08-30", "close": 985.297241, "volume": 339562, "typical_volume": 364626.9, "trend": 910.601601, "fair_value": 549.317342, "relative_strength": 13.338173, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.991467, "energy": 66.780642, "activity_lines": [ 966.287817, 929.60998, 891.895853, 897.605733 ] }, { "date": "2024-09-06", "close": 1006.729553, "volume": 368124, "typical_volume": 374718.9, "trend": 914.112406, "fair_value": 552.835897, "relative_strength": 15.703112, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.375385, "energy": 72.313871, "activity_lines": [ 987.132397, 948.74517, 903.73738, 903.807537 ] }, { "date": "2024-09-13", "close": 985.100525, "volume": 226127, "typical_volume": 365150.5, "trend": 916.75269, "fair_value": 556.135627, "relative_strength": 15.333263, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.530461, "energy": 72.018186, "activity_lines": [ 992.637931, 960.908014, 913.338484, 908.387415 ] }, { "date": "2024-09-20", "close": 1038.189819, "volume": 358595, "typical_volume": 365068.65, "trend": 920.401855, "fair_value": 559.787553, "relative_strength": 18.595008, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.13811, "energy": 77.215394, "activity_lines": [ 1008.512272, 979.930898, 927.563743, 916.222069 ] }, { "date": "2024-09-27", "close": 1100.127197, "volume": 264840, "typical_volume": 362614.2, "trend": 923.651251, "fair_value": 563.850257, "relative_strength": 21.883651, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.416002, "energy": 93.57558, "activity_lines": [ 1040.496879, 1006.79208, 946.978774, 927.817252 ] }, { "date": "2024-10-04", "close": 1094.818359, "volume": 358381, "typical_volume": 362660.05, "trend": 925.878396, "fair_value": 567.812706, "relative_strength": 24.591203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.591818, "energy": 89.035147, "activity_lines": [ 1064.40671, 1028.822639, 965.042805, 938.860291 ] }, { "date": "2024-10-11", "close": 1088.133057, "volume": 383324, "typical_volume": 357516.3, "trend": 927.785166, "fair_value": 571.666931, "relative_strength": 22.747895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.237021, "energy": 82.570674, "activity_lines": [ 1078.786698, 1045.829659, 981.468135, 949.328334 ] }, { "date": "2024-10-18", "close": 1031.307983, "volume": 228115, "typical_volume": 350711.2, "trend": 928.018837, "fair_value": 575.046644, "relative_strength": 16.641388, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.03029, "energy": 61.8953, "activity_lines": [ 1068.798096, 1048.807681, 991.315503, 956.007225 ] }, { "date": "2024-10-25", "close": 997.094849, "volume": 261517, "typical_volume": 349223.05, "trend": 928.935168, "fair_value": 578.127288, "relative_strength": 12.48743, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.805285, "energy": 48.583626, "activity_lines": [ 1044.324618, 1042.726556, 996.922276, 960.463742 ] }, { "date": "2024-11-01", "close": 1005.353149, "volume": 262948, "typical_volume": 343844.85, "trend": 931.132288, "fair_value": 581.223128, "relative_strength": 11.661834, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.008957, "energy": 30.569383, "activity_lines": [ 1025.343571, 1037.657159, 1002.389937, 965.393935 ] }, { "date": "2024-11-08", "close": 1063.358154, "volume": 360554, "typical_volume": 340639.9, "trend": 935.269438, "fair_value": 584.691725, "relative_strength": 16.39191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.549609, "energy": 28.125952, "activity_lines": [ 1032.015796, 1043.137701, 1012.396423, 973.924636 ] }, { "date": "2024-11-15", "close": 1107.402588, "volume": 451884, "typical_volume": 338859.9, "trend": 939.888808, "fair_value": 588.425374, "relative_strength": 23.680777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.660517, "energy": 42.774986, "activity_lines": [ 1055.466846, 1055.207032, 1025.36299, 985.03 ] }, { "date": "2024-11-22", "close": 1081.447632, "volume": 295336, "typical_volume": 343452.7, "trend": 946.124158, "fair_value": 591.921986, "relative_strength": 19.445961, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.618318, "energy": 44.520955, "activity_lines": [ 1068.981608, 1060.726862, 1034.582124, 994.162828 ] }, { "date": "2024-11-29", "close": 1065.127686, "volume": 377646, "typical_volume": 346298.15, "trend": 951.98527, "fair_value": 595.25442, "relative_strength": 18.87355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.4645, "energy": 45.054307, "activity_lines": [ 1073.713745, 1061.527663, 1041.056797, 1001.840475 ] }, { "date": "2024-12-06", "close": 1106.026245, "volume": 280492, "typical_volume": 341695.85, "trend": 958.099683, "fair_value": 598.826251, "relative_strength": 19.595588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.40366, "energy": 48.198257, "activity_lines": [ 1087.543213, 1069.274787, 1050.401784, 1011.778602 ] }, { "date": "2024-12-13", "close": 1114.874268, "volume": 181389, "typical_volume": 335692.35, "trend": 965.782249, "fair_value": 602.409918, "relative_strength": 18.087556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.563642, "energy": 46.675154, "activity_lines": [ 1097.610482, 1078.523387, 1059.548988, 1021.893091 ] }, { "date": "2024-12-20", "close": 1113.30127, "volume": 193471, "typical_volume": 335994.05, "trend": 974.783539, "fair_value": 605.933307, "relative_strength": 19.217177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.148941, "energy": 45.896868, "activity_lines": [ 1103.719011, 1087.121334, 1067.453537, 1031.410448 ] }, { "date": "2024-12-27", "close": 1116.840576, "volume": 109434, "typical_volume": 302820.95, "trend": 984.510034, "fair_value": 609.432671, "relative_strength": 19.162966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.983616, "energy": 48.773167, "activity_lines": [ 1110.614063, 1095.905187, 1074.607009, 1040.575418 ] }, { "date": "2025-01-03", "close": 1137.879517, "volume": 607604, "typical_volume": 310833.95, "trend": 995.682172, "fair_value": 613.027548, "relative_strength": 18.220075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.663958, "energy": 54.25959, "activity_lines": [ 1122.162565, 1106.959164, 1082.613455, 1050.470223 ] }, { "date": "2025-01-10", "close": 1150.267212, "volume": 189898, "typical_volume": 304962.05, "trend": 1007.410874, "fair_value": 616.657546, "relative_strength": 18.737336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.601007, "energy": 59.237099, "activity_lines": [ 1132.990178, 1117.705729, 1091.001001, 1060.443451 ] }, { "date": "2025-01-17", "close": 1168.750122, "volume": 192180, "typical_volume": 297592.95, "trend": 1019.566327, "fair_value": 620.362865, "relative_strength": 18.260162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.752594, "energy": 66.466929, "activity_lines": [ 1147.029362, 1129.178021, 1100.459695, 1070.852435 ] }, { "date": "2025-01-24", "close": 1133.160645, "volume": 661983, "typical_volume": 312285.9, "trend": 1029.353656, "fair_value": 623.781517, "relative_strength": 13.295436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.345355, "energy": 45.567859, "activity_lines": [ 1145.613664, 1132.263281, 1105.655328, 1078.181101 ] }, { "date": "2025-01-31", "close": 1145.351563, "volume": 156599, "typical_volume": 308809.5, "trend": 1039.815049, "fair_value": 627.235623, "relative_strength": 13.492089, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.957461, "energy": 42.550549, "activity_lines": [ 1146.937647, 1137.096744, 1111.409949, 1085.664837 ] }, { "date": "2025-02-07", "close": 1100.127197, "volume": 439803, "typical_volume": 312869.9, "trend": 1048.155208, "fair_value": 630.346752, "relative_strength": 8.48365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.272617, "energy": 29.722059, "activity_lines": [ 1131.286109, 1132.545706, 1112.094388, 1089.555943 ] }, { "date": "2025-02-14", "close": 1051.953735, "volume": 350907, "typical_volume": 317173.25, "trend": 1053.635954, "fair_value": 633.102353, "relative_strength": 3.921986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.243635, "energy": 13.712035, "activity_lines": [ 1102.093571, 1118.599501, 1107.895937, 1089.801009 ] }, { "date": "2025-02-21", "close": 1061.784912, "volume": 338706, "typical_volume": 316189.5, "trend": 1059.516229, "fair_value": 635.886006, "relative_strength": 4.63012, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.763194, "energy": 17.999372, "activity_lines": [ 1082.732324, 1107.423919, 1104.863187, 1090.326749 ] }, { "date": "2025-02-28", "close": 1046.841431, "volume": 395932, "typical_volume": 316819.9, "trend": 1064.917977, "fair_value": 638.537331, "relative_strength": 5.359019, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.784325, "energy": 24.005683, "activity_lines": [ 1065.520931, 1094.496602, 1100.56455, 1089.50902 ] }, { "date": "2025-03-07", "close": 964.651428, "volume": 645941, "typical_volume": 337711.2, "trend": 1067.900153, "fair_value": 640.627806, "relative_strength": -0.447652, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.998407, "energy": 51.089107, "activity_lines": [ 1026.667484, 1067.834009, 1088.634921, 1083.04021 ] }, { "date": "2025-03-14", "close": 944.513367, "volume": 617263, "typical_volume": 355498.5, "trend": 1067.045367, "fair_value": 645.482159, "relative_strength": -1.792766, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.795932, "energy": 63.038754, "activity_lines": [ 993.148027, 1040.277025, 1075.104793, 1075.079772 ] }, { "date": "2025-03-21", "close": 950.633728, "volume": 301085, "typical_volume": 357405.35, "trend": 1065.214834, "fair_value": 650.383034, "relative_strength": -1.431935, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.901868, "energy": 67.363485, "activity_lines": [ 972.042944, 1017.348583, 1062.407945, 1067.569344 ] }, { "date": "2025-03-28", "close": 957.543884, "volume": 380769, "typical_volume": 358416.1, "trend": 1064.289722, "fair_value": 655.35493, "relative_strength": -2.979745, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.727604, "energy": 73.792985, "activity_lines": [ 959.995915, 999.306232, 1050.629775, 1060.622831 ] }, { "date": "2025-04-04", "close": 947.672241, "volume": 54053, "typical_volume": 338524.55, "trend": 1062.321145, "fair_value": 660.194303, "relative_strength": -2.978464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.925634, "energy": 69.767073, "activity_lines": [ 951.607739, 983.309151, 1038.415327, 1053.099123 ] }, { "date": "2025-04-11", "close": 890.811951, "volume": 479326, "typical_volume": 347724.05, "trend": 1059.178192, "fair_value": 664.672831, "relative_strength": -5.845427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.056976, "energy": 67.311022, "activity_lines": [ 930.877413, 960.346351, 1021.546233, 1042.034013 ] }, { "date": "2025-04-18", "close": 999.991638, "volume": 286587, "typical_volume": 343171.1, "trend": 1057.904919, "fair_value": 669.860947, "relative_strength": 4.979966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.856248, "energy": 42.667631, "activity_lines": [ 951.462948, 961.862397, 1015.982994, 1038.215526 ] }, { "date": "2025-04-25", "close": 1011.047791, "volume": 236492, "typical_volume": 340971.1, "trend": 1054.935606, "fair_value": 675.03733, "relative_strength": 3.884272, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.249903, "energy": 32.000292, "activity_lines": [ 972.035315, 967.209298, 1011.782894, 1035.192485 ] }, { "date": "2025-05-02", "close": 1012.824707, "volume": 341912, "typical_volume": 348997.25, "trend": 1052.202484, "fair_value": 680.151001, "relative_strength": 5.68397, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.048105, "energy": 22.916434, "activity_lines": [ 989.172384, 973.62302, 1008.204302, 1032.475653 ] }, { "date": "2025-05-09", "close": 1026.64502, "volume": 218376, "typical_volume": 350242.5, "trend": 1050.152883, "fair_value": 685.389708, "relative_strength": 8.425624, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.54944, "energy": 23.716825, "activity_lines": [ 1007.230835, 983.439712, 1006.42788, 1030.826785 ] }, { "date": "2025-05-16", "close": 1044.216309, "volume": 404588, "typical_volume": 365000.2, "trend": 1050.58316, "fair_value": 690.725258, "relative_strength": 8.645486, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.054623, "energy": 19.859754, "activity_lines": [ 1025.881531, 996.818391, 1006.737563, 1030.44378 ] }, { "date": "2025-05-23", "close": 1046.388062, "volume": 258698, "typical_volume": 347554.9, "trend": 1052.226268, "fair_value": 695.761312, "relative_strength": 11.131725, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.488288, "energy": 14.705337, "activity_lines": [ 1035.029187, 1009.145299, 1007.59991, 1030.173128 ] }, { "date": "2025-05-30", "close": 1011.047791, "volume": 338878, "typical_volume": 355003.9, "trend": 1052.416089, "fair_value": 700.675853, "relative_strength": 8.739215, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.879522, "energy": 13.502045, "activity_lines": [ 1029.303658, 1013.194437, 1005.532191, 1027.516452 ] }, { "date": "2025-06-06", "close": 1014.404175, "volume": 157513, "typical_volume": 353270.55, "trend": 1050.78429, "fair_value": 705.568907, "relative_strength": 8.408204, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.202759, "energy": 11.859134, "activity_lines": [ 1024.696924, 1016.755389, 1004.447076, 1025.064071 ] }, { "date": "2025-06-13", "close": 929.903381, "volume": 286629, "typical_volume": 334502.85, "trend": 1044.867649, "fair_value": 710.00998, "relative_strength": 0.497445, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.733883, "energy": 27.245866, "activity_lines": [ 991.817961, 1003.918737, 996.049248, 1017.265302 ] }, { "date": "2025-06-20", "close": 918.847229, "volume": 423632, "typical_volume": 347854.5, "trend": 1039.447636, "fair_value": 714.249943, "relative_strength": 1.077615, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.490763, "energy": 50.966127, "activity_lines": [ 961.703056, 989.394945, 987.566344, 1009.134953 ] }, { "date": "2025-06-27", "close": 989.922607, "volume": 268833, "typical_volume": 339306.0, "trend": 1036.9408, "fair_value": 718.869341, "relative_strength": 3.977579, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.865095, "energy": 43.971938, "activity_lines": [ 963.637882, 987.284217, 986.931117, 1005.93979 ] }, { "date": "2025-07-04", "close": 949.153015, "volume": 319069, "typical_volume": 337714.1, "trend": 1031.711692, "fair_value": 723.447324, "relative_strength": -2.153092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.861986, "energy": 49.97887, "activity_lines": [ 955.747208, 977.94391, 982.937854, 1000.276062 ] }, { "date": "2025-07-11", "close": 943.230042, "volume": 252809, "typical_volume": 333419.25, "trend": 1025.990218, "fair_value": 727.892734, "relative_strength": -3.292973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.834836, "energy": 49.460471, "activity_lines": [ 950.008529, 968.652058, 978.870027, 994.567568 ] }, { "date": "2025-07-18", "close": 904.237305, "volume": 227884, "typical_volume": 325016.85, "trend": 1019.021419, "fair_value": 732.122592, "relative_strength": -5.213943, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.378167, "energy": 49.637848, "activity_lines": [ 936.017212, 953.535974, 971.653152, 986.712541 ] }, { "date": "2025-07-25", "close": 906.211609, "volume": 247842, "typical_volume": 305111.9, "trend": 1012.000454, "fair_value": 736.33439, "relative_strength": -4.670003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.198817, "energy": 59.12547, "activity_lines": [ 924.395069, 941.00445, 965.303373, 979.434489 ] }, { "date": "2025-08-01", "close": 898.314331, "volume": 291188, "typical_volume": 288808.15, "trend": 1004.014948, "fair_value": 740.495564, "relative_strength": -5.464241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.260881, "energy": 63.173484, "activity_lines": [ 910.982874, 929.546234, 958.479758, 972.0999 ] }, { "date": "2025-08-08", "close": 920.475708, "volume": 355025, "typical_volume": 291505.15, "trend": 996.355231, "fair_value": 744.615729, "relative_strength": -3.417318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.907899, "energy": 53.405842, "activity_lines": [ 911.065023, 924.809608, 953.986745, 966.710272 ] }, { "date": "2025-08-15", "close": 873.856812, "volume": 426121, "typical_volume": 293772.75, "trend": 986.525454, "fair_value": 748.411253, "relative_strength": -7.474847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.569934, "energy": 54.773314, "activity_lines": [ 897.519361, 913.243585, 945.197447, 958.807148 ] }, { "date": "2025-08-22", "close": 855.010864, "volume": 479394, "typical_volume": 315039.8, "trend": 977.253794, "fair_value": 752.090884, "relative_strength": -9.671902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.494789, "energy": 57.085289, "activity_lines": [ 882.316598, 900.806432, 935.011807, 950.322336 ] }, { "date": "2025-08-29", "close": 850.547302, "volume": 365598, "typical_volume": 309353.4, "trend": 967.426986, "fair_value": 755.776305, "relative_strength": -8.979489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.563353, "energy": 59.793631, "activity_lines": [ 868.907743, 888.919405, 924.842311, 942.147724 ] }, { "date": "2025-09-05", "close": 848.563538, "volume": 211398, "typical_volume": 305593.95, "trend": 959.04153, "fair_value": 759.200821, "relative_strength": -8.465988, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.222609, "energy": 66.276703, "activity_lines": [ 858.548588, 877.91351, 914.67562, 934.479114 ] }, { "date": "2025-09-12", "close": 833.189209, "volume": 253309, "typical_volume": 306434.8, "trend": 951.74938, "fair_value": 762.528012, "relative_strength": -8.312436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.144595, "energy": 72.411374, "activity_lines": [ 846.381376, 866.682447, 903.765795, 926.35961 ] }, { "date": "2025-09-19", "close": 864.929749, "volume": 366178, "typical_volume": 307648.1, "trend": 945.187541, "fair_value": 765.905087, "relative_strength": -7.595442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.178368, "energy": 63.446433, "activity_lines": [ 850.613444, 863.330825, 896.725823, 920.758343 ] }, { "date": "2025-09-26", "close": 934.362183, "volume": 363037, "typical_volume": 314881.15, "trend": 941.438233, "fair_value": 769.873451, "relative_strength": -4.70096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.55338, "energy": 29.07143, "activity_lines": [ 878.584794, 874.026923, 897.002726, 920.059933 ] }, { "date": "2025-10-03", "close": 886.751404, "volume": 361460, "typical_volume": 312724.75, "trend": 938.841565, "fair_value": 773.591908, "relative_strength": -10.747497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.542456, "energy": 22.941201, "activity_lines": [ 885.395797, 875.518791, 893.184711, 916.53175 ] }, { "date": "2025-10-10", "close": 922.459473, "volume": 271419, "typical_volume": 313360.8, "trend": 938.106435, "fair_value": 777.622811, "relative_strength": -7.627692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.207995, "energy": 21.225915, "activity_lines": [ 901.695882, 883.856857, 893.517297, 915.474841 ] }, { "date": "2025-10-17", "close": 924.443298, "volume": 359023, "typical_volume": 314368.05, "trend": 937.233421, "fair_value": 781.60254, "relative_strength": -8.170336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.974414, "energy": 20.297901, "activity_lines": [ 913.730847, 892.116616, 894.628955, 914.593348 ] }, { "date": "2025-10-24", "close": 923.947327, "volume": 248318, "typical_volume": 318908.3, "trend": 936.113536, "fair_value": 785.50614, "relative_strength": -7.45927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.904659, "energy": 14.012428, "activity_lines": [ 919.516882, 900.21406, 896.105781, 913.736181 ] }, { "date": "2025-10-31", "close": 938.825684, "volume": 257268, "typical_volume": 317440.25, "trend": 935.81865, "fair_value": 789.574355, "relative_strength": -6.260843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.737684, "energy": 16.878374, "activity_lines": [ 926.327865, 910.105924, 899.430339, 913.911158 ] }, { "date": "2025-11-07", "close": 805.41626, "volume": 1150683, "typical_volume": 353792.8, "trend": 932.972127, "fair_value": 792.745341, "relative_strength": -16.760718, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.922796, "energy": 22.670852, "activity_lines": [ 888.371472, 894.217623, 890.006751, 905.498101 ] }, { "date": "2025-11-14", "close": 820.294617, "volume": 369029, "typical_volume": 358802.6, "trend": 926.982227, "fair_value": 795.973372, "relative_strength": -13.880164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.119334, "energy": 49.397074, "activity_lines": [ 860.796875, 881.855042, 882.540297, 898.228584 ] }, { "date": "2025-11-21", "close": 803.432434, "volume": 336740, "typical_volume": 359686.15, "trend": 920.061715, "fair_value": 799.02407, "relative_strength": -14.014511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.932481, "energy": 68.126835, "activity_lines": [ 834.412541, 866.94059, 874.275673, 890.25763 ] }, { "date": "2025-11-28", "close": 759.789185, "volume": 472651, "typical_volume": 370678.25, "trend": 911.627197, "fair_value": 802.000255, "relative_strength": -15.473142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.853334, "energy": 80.645398, "activity_lines": [ 801.547848, 844.632034, 862.548457, 879.917467 ] }, { "date": "2025-12-05", "close": 775.163513, "volume": 255559, "typical_volume": 372062.0, "trend": 903.244481, "fair_value": 805.113325, "relative_strength": -13.255122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.215639, "energy": 79.485077, "activity_lines": [ 784.751807, 827.030457, 853.15899, 871.113358 ] }, { "date": "2025-12-12", "close": 800.456787, "volume": 241928, "typical_volume": 371766.3, "trend": 895.119163, "fair_value": 808.327944, "relative_strength": -10.81978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.178077, "energy": 72.819501, "activity_lines": [ 787.297668, 816.922178, 846.793043, 864.481894 ] }, { "date": "2025-12-19", "close": 773.67572, "volume": 433209, "typical_volume": 378867.35, "trend": 886.028752, "fair_value": 811.321431, "relative_strength": -11.21271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.111158, "energy": 66.017281, "activity_lines": [ 781.247139, 803.513608, 838.380113, 856.646833 ] }, { "date": "2025-12-26", "close": 733.504089, "volume": 450939, "typical_volume": 383663.05, "trend": 876.777295, "fair_value": 813.989403, "relative_strength": -15.954485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.271838, "energy": 68.280561, "activity_lines": [ 764.913993, 785.506263, 826.734831, 846.806532 ] }, { "date": "2026-01-02", "close": 748.878418, "volume": 265021, "typical_volume": 375608.05, "trend": 867.926436, "fair_value": 816.610026, "relative_strength": -13.920085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.816336, "energy": 57.735589, "activity_lines": [ 758.367513, 773.765874, 817.444112, 838.554992 ] }, { "date": "2026-01-09", "close": 744.414856, "volume": 242039, "typical_volume": 363740.3, "trend": 861.743486, "fair_value": 819.320736, "relative_strength": -13.328335, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.178613, "energy": 67.965715, "activity_lines": [ 751.060563, 764.396998, 808.323426, 830.586503 ] }, { "date": "2026-01-16", "close": 772.187866, "volume": 395176, "typical_volume": 365219.2, "trend": 856.85484, "fair_value": 822.218134, "relative_strength": -12.470333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.215716, "energy": 56.56659, "activity_lines": [ 755.061194, 763.612503, 802.374437, 824.808721 ] }, { "date": "2026-01-23", "close": 783.594604, "volume": 206196, "typical_volume": 364959.1, "trend": 849.97724, "fair_value": 825.223273, "relative_strength": -13.255865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.416639, "energy": 42.04407, "activity_lines": [ 764.748665, 765.506113, 797.884944, 820.082254 ] }, { "date": "2026-01-30", "close": 769.70813, "volume": 356919, "typical_volume": 370139.6, "trend": 843.995744, "fair_value": 828.09241, "relative_strength": -16.164029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.976512, "energy": 31.972507, "activity_lines": [ 769.146053, 765.542183, 792.382306, 814.903602 ] }, { "date": "2026-02-06", "close": 673.494629, "volume": 1058161, "typical_volume": 404738.75, "trend": 835.004563, "fair_value": 830.33243, "relative_strength": -24.869208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.933431, "energy": 54.288442, "activity_lines": [ 739.058671, 748.698058, 778.018767, 803.90353 ] }, { "date": "2026-02-13", "close": 679.445984, "volume": 394969, "typical_volume": 406335.35, "trend": 827.511519, "fair_value": 832.579687, "relative_strength": -24.183424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.776468, "energy": 71.411688, "activity_lines": [ 715.98066, 734.504989, 765.133621, 793.867492 ] }, { "date": "2026-02-20", "close": 693.332458, "volume": 533023, "typical_volume": 414913.5, "trend": 820.415548, "fair_value": 834.771295, "relative_strength": -20.049571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.131598, "energy": 77.130898, "activity_lines": [ 701.862732, 724.577053, 754.784882, 785.210779 ] }, { "date": "2026-02-27", "close": 635.802734, "volume": 459262, "typical_volume": 424305.65, "trend": 811.665161, "fair_value": 836.540955, "relative_strength": -24.557074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.007276, "energy": 90.516952, "activity_lines": [ 673.825256, 706.136882, 739.878165, 773.300275 ] }, { "date": "2026-03-06", "close": 550.0, "volume": 1864720, "typical_volume": 499590.5, "trend": 799.315971, "fair_value": 837.649315, "relative_strength": -34.656505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.894139, "energy": 94.758101, "activity_lines": [ 627.03966, 674.602995, 718.16479, 756.418651 ] }, { "date": "2026-03-13", "close": 541.5, "volume": 520567, "typical_volume": 513202.95, "trend": 788.237411, "fair_value": 838.766248, "relative_strength": -35.870095, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.629217, "energy": 94.50339, "activity_lines": [ 592.06794, 644.860092, 697.424956, 739.785363 ] }, { "date": "2026-03-20", "close": 541.0, "volume": 273654, "typical_volume": 514022.25, "trend": 777.770382, "fair_value": 839.878739, "relative_strength": -35.738695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.093976, "energy": 92.79583, "activity_lines": [ 565.729195, 618.796796, 678.45868, 723.834562 ] }, { "date": "2026-03-27", "close": 542.5, "volume": 494464, "typical_volume": 481211.3, "trend": 767.502138, "fair_value": 840.941496, "relative_strength": -35.905418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.079548, "energy": 89.947867, "activity_lines": [ 549.120182, 596.70468, 661.529669, 708.655828 ] }, { "date": "2026-04-03", "close": 524.0, "volume": 514480, "typical_volume": 488483.85, "trend": 756.683354, "fair_value": 841.784273, "relative_strength": -38.554524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.009292, "energy": 90.364021, "activity_lines": [ 536.4, 575.42507, 644.090735, 692.946012 ] }, { "date": "2026-04-10", "close": 532.0, "volume": 994781, "typical_volume": 521385.9, "trend": 746.643713, "fair_value": 842.505228, "relative_strength": -37.542983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.202246, "energy": 80.728089, "activity_lines": [ 533.8, 560.319907, 628.824633, 678.450312 ] }, { "date": "2026-04-17", "close": 609.5, "volume": 1384942, "typical_volume": 567000.45, "trend": 738.129388, "fair_value": 843.680938, "relative_strength": -29.137642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.798131, "energy": 62.650138, "activity_lines": [ 558.233333, 563.62762, 622.232019, 669.602331 ] }, { "date": "2026-04-24", "close": 572.5, "volume": 464904, "typical_volume": 577467.7, "trend": 726.067316, "fair_value": 844.666691, "relative_strength": -30.15498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.085056, "energy": 51.323278, "activity_lines": [ 565.8, 561.371599, 612.831258, 658.916564 ] }, { "date": "2026-05-01", "close": 586.0, "volume": 446963, "typical_volume": 587719.45, "trend": 716.042269, "fair_value": 845.777577, "relative_strength": -28.346484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.495679, "energy": 39.81946, "activity_lines": [ 575.766667, 563.514595, 605.681276, 649.879963 ] }, { "date": "2026-05-08", "close": 657.5, "volume": 795005, "typical_volume": 605809.25, "trend": 707.210286, "fair_value": 847.273344, "relative_strength": -17.799675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.669015, "energy": 28.382056, "activity_lines": [ 606.666667, 580.609091, 606.36204, 646.103042 ] }, { "date": "2026-05-15", "close": 686.0, "volume": 1783585, "typical_volume": 672441.55, "trend": 699.262177, "fair_value": 848.91321, "relative_strength": -13.300733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.37633, "energy": 20.666628, "activity_lines": [ 638.166667, 602.490909, 610.310308, 644.734637 ] }, { "date": "2026-05-22", "close": 686.0, "volume": 788564, "typical_volume": 698618.7, "trend": 691.330599, "fair_value": 850.586689, "relative_strength": -12.82359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.950637, "energy": 29.494358, "activity_lines": [ 659.4, 621.9, 614.484786, 643.879012 ] }, { "date": "2026-05-29", "close": 686.0, "volume": 0, "typical_volume": 686516.75, "trend": 682.903076, "fair_value": 852.058486, "relative_strength": -12.118153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.148159, "energy": 36.756044, "activity_lines": [ 675.533333, 638.681818, 618.958685, 643.535103 ] }, { "date": "2026-06-05", "close": 702.0, "volume": 326163, "typical_volume": 683066.1, "trend": 679.455867, "fair_value": 853.606703, "relative_strength": -9.065623, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.386331, "energy": 63.324367, "activity_lines": [ 689.433333, 655.736364, 625.234559, 644.767162 ] }, { "date": "2026-06-12", "close": 701.0, "volume": 542455, "typical_volume": 699879.05, "trend": 675.47938, "fair_value": 855.254331, "relative_strength": -9.064245, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.403167, "energy": 66.959002, "activity_lines": [ 695.266667, 669.709091, 631.749423, 646.157106 ] }, { "date": "2026-06-19", "close": 725.5, "volume": 619173, "typical_volume": 712991.75, "trend": 672.881632, "fair_value": 857.143667, "relative_strength": -6.002445, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.848327, "energy": 67.750978, "activity_lines": [ 706.366667, 684.918182, 640.990928, 649.384243 ] }, { "date": "2026-06-26", "close": 692.0, "volume": 319909, "typical_volume": 676079.15, "trend": 670.621993, "fair_value": 858.106146, "relative_strength": -8.136427, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.819774, "energy": 44.284778, "activity_lines": [ 703.666667, 690.518182, 647.252472, 650.617686 ] }, { "date": "2026-07-03", "close": 678.0, "volume": 287169, "typical_volume": 670689.15, "trend": 667.383209, "fair_value": 858.873061, "relative_strength": -8.555536, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.918357, "energy": 34.488731, "activity_lines": [ 695.9, 692.072727, 652.092562, 651.093687 ] }, { "date": "2026-07-10", "close": 657.799988, "volume": 273292, "typical_volume": 657702.6, "trend": 662.627983, "fair_value": 859.466915, "relative_strength": -10.555461, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.900685, "energy": 20.750181, "activity_lines": [ 681.933329, 688.036361, 655.015726, 650.475414 ] }, { "date": "2026-07-17", "close": 637.956848, "volume": 233836, "typical_volume": 646431.3, "trend": 658.10402, "fair_value": 859.93357, "relative_strength": -11.977065, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.839726, "energy": 14.644362, "activity_lines": [ 664.298946, 679.086698, 656.21827, 648.883728 ] }, { "date": "2026-07-24", "close": 683.099976, "volume": 310280, "typical_volume": 568709.3, "trend": 656.423883, "fair_value": 860.172948, "relative_strength": -5.862285, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.964771, "energy": 16.408673, "activity_lines": [ 665.915149, 678.700205, 661.709902, 650.49637 ] }, { "date": "2026-07-31", "close": 672.682373, "volume": 397920, "typical_volume": 562576.95, "trend": 653.884015, "fair_value": 860.183703, "relative_strength": -4.931005, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 3.058347, "energy": 13.204939, "activity_lines": [ 666.885486, 676.472331, 665.575572, 651.545305 ] }, { "date": "2026-08-07", "close": 621.5, "volume": 1047188, "typical_volume": 601253.65, "trend": 649.786853, "fair_value": 859.87259, "relative_strength": -13.53756, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -21.423332, "energy": 20.389406, "activity_lines": [ 652.082874, 665.18071, 663.942052, 649.456014 ] } ], "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." } } }