{ "ticker": { "uuid": "f0fc767a-43fa-4ee0-8aa6-f0f49ed842ad", "symbol": "NETE34", "name": "NetEase, Inc.", "exchange": "SAO", "country": "BR", "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": "^BVSP", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 65.723, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 22.622, "architecture_energy": 15.398, "architecture_maturity": 48.597, "architecture_confidence": 72.783, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 39.33, "rotation_up": 36.4, "upward_expansion": 38.37, "deceleration": 60.89, "rotation_down": 36.29, "downward_expansion": 24.71 }, "activity_lines": [ 63.762001, 63.973819, 62.115332, 61.343188 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 65.790001, "trend_reference": 61.505709, "distance_from_trend": 0.069657, "trend_direction": "Weakening", "fair_value": 57.262628, "distance_from_fair_value": 0.148917, "fair_value_direction": "Improving", "relative_strength": -7.326596, "relative_strength_direction": "Improving", "price_momentum": 0.039861, "excess_performance": 0.096909, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069657, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.054681, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.148917, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.136867, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073266, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.245861, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.039861, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.046755, "read": "Demand-led" } ], "volume": { "latest": 177, "relative_activity": 0.126637, "balance": 1.046755, "dry_up": 0.116084, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.061631, "annualized_volatility": 0.401096, "from_high_reference": -0.212714, "from_low_reference": 0.223123 }, "levels": { "trend_reference": 61.505709, "fair_value_reference": 57.262628, "structural_low": 53.788559, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": -0.036649, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.01621, "regime_survival": 0.444444, "best_return": 0.159436, "worst_return": -0.165078, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.048765, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.079336, "regime_survival": 0.0, "best_return": -0.004078, "worst_return": -0.176623, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.130014, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.172285, "regime_survival": 0.0, "best_return": 0.057336, "worst_return": -0.219992, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.008616, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.145169, "regime_survival": 0.0, "best_return": 0.125846, "worst_return": -0.457755, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-04-05", "tenure": "New", "return": -0.052936, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-12", "end": "2024-08-23", "tenure": "Established", "return": -0.044328, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-09-27", "tenure": "Developing", "return": 0.135759, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": -0.153929, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-25", "end": "2024-12-13", "tenure": "Developing", "return": 0.274042, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-21", "tenure": "Established", "return": -0.003062, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-04-25", "tenure": "Developing", "return": 0.035763, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-08-15", "tenure": "Established", "return": 0.140128, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.027089, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-11-07", "tenure": "Developing", "return": -0.092421, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-01-23", "tenure": "Developing", "return": -0.071327, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": -0.056531, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-13", "end": "2026-06-19", "tenure": "Established", "return": 0.001449, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.097598, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 45.53891, "volume": 30748, "typical_volume": 4389.8, "trend": 42.685012, "fair_value": 45.053779, "relative_strength": 9.763884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.029965, "energy": 57.175379, "activity_lines": [ 46.918148, 46.249748, 44.460438, 43.587668 ] }, { "date": "2023-08-25", "close": 44.719555, "volume": 1024, "typical_volume": 4425.8, "trend": 42.728865, "fair_value": 45.008816, "relative_strength": 7.306944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.630753, "energy": 38.341577, "activity_lines": [ 46.17887, 46.12295, 44.598404, 43.718929 ] }, { "date": "2023-09-01", "close": 48.108685, "volume": 1448, "typical_volume": 4435.35, "trend": 42.900776, "fair_value": 45.021504, "relative_strength": 13.215254, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.347699, "energy": 37.990306, "activity_lines": [ 46.607787, 46.602032, 45.046938, 44.066014 ] }, { "date": "2023-09-08", "close": 45.833485, "volume": 864, "typical_volume": 4268.7, "trend": 43.030716, "fair_value": 45.025481, "relative_strength": 10.127759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.73774, "energy": 25.275583, "activity_lines": [ 46.254095, 46.547247, 45.246159, 44.255221 ] }, { "date": "2023-09-15", "close": 46.142342, "volume": 1518, "typical_volume": 4234.65, "trend": 43.202047, "fair_value": 45.037771, "relative_strength": 7.513164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.263533, "energy": 25.482814, "activity_lines": [ 46.223315, 46.497385, 45.459712, 44.455971 ] }, { "date": "2023-09-22", "close": 47.125084, "volume": 843, "typical_volume": 4250.0, "trend": 43.522522, "fair_value": 45.035633, "relative_strength": 11.963529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.864105, "energy": 32.400798, "activity_lines": [ 46.575478, 46.58273, 45.744214, 44.70907 ] }, { "date": "2023-09-29", "close": 47.031494, "volume": 1512, "typical_volume": 4244.4, "trend": 43.7121, "fair_value": 45.042338, "relative_strength": 10.840955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.361907, "energy": 32.88381, "activity_lines": [ 46.790699, 46.649982, 45.990007, 44.935456 ] }, { "date": "2023-10-06", "close": 48.809799, "volume": 2367, "typical_volume": 4316.2, "trend": 44.0071, "fair_value": 45.069078, "relative_strength": 16.793056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.232489, "energy": 45.394533, "activity_lines": [ 47.444559, 47.009022, 46.366502, 45.264339 ] }, { "date": "2023-10-13", "close": 50.166927, "volume": 1433, "typical_volume": 4337.4, "trend": 44.283085, "fair_value": 45.098934, "relative_strength": 17.57794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.833133, "energy": 68.000561, "activity_lines": [ 48.504055, 47.595463, 46.832575, 45.661748 ] }, { "date": "2023-10-20", "close": 47.43396, "volume": 2172, "typical_volume": 4366.0, "trend": 44.412987, "fair_value": 45.125497, "relative_strength": 12.705852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.325203, "energy": 56.113867, "activity_lines": [ 48.363665, 47.6662, 46.998365, 45.86503 ] }, { "date": "2023-10-27", "close": 50.120132, "volume": 3090, "typical_volume": 4491.4, "trend": 44.696988, "fair_value": 45.151719, "relative_strength": 17.671315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.672596, "energy": 67.360837, "activity_lines": [ 49.032558, 48.216947, 47.383728, 46.233233 ] }, { "date": "2023-11-03", "close": 51.617653, "volume": 2174, "typical_volume": 4499.0, "trend": 45.012373, "fair_value": 45.198871, "relative_strength": 15.076588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.99221, "energy": 75.241804, "activity_lines": [ 50.000955, 48.956676, 47.872738, 46.679727 ] }, { "date": "2023-11-10", "close": 52.394485, "volume": 3151, "typical_volume": 4619.7, "trend": 45.383616, "fair_value": 45.252678, "relative_strength": 13.547365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.652355, "energy": 78.249497, "activity_lines": [ 50.922552, 49.712226, 48.40018, 47.155993 ] }, { "date": "2023-11-17", "close": 54.097923, "volume": 6143, "typical_volume": 4865.85, "trend": 45.764686, "fair_value": 45.323622, "relative_strength": 12.376449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.846156, "energy": 87.239766, "activity_lines": [ 52.172983, 50.69957, 49.037966, 47.718206 ] }, { "date": "2023-11-24", "close": 52.562969, "volume": 916, "typical_volume": 4894.8, "trend": 46.137221, "fair_value": 45.371364, "relative_strength": 8.130715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.874548, "energy": 78.712454, "activity_lines": [ 52.649695, 51.257568, 49.476794, 48.156805 ] }, { "date": "2023-12-01", "close": 50.31139, "volume": 2416, "typical_volume": 4904.0, "trend": 46.452001, "fair_value": 45.435458, "relative_strength": 0.987281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.090786, "energy": 58.708129, "activity_lines": [ 52.033948, 51.289449, 49.659225, 48.426106 ] }, { "date": "2023-12-08", "close": 48.628708, "volume": 7833, "typical_volume": 5159.0, "trend": 46.775871, "fair_value": 45.490288, "relative_strength": -1.940517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.896211, "energy": 36.564315, "activity_lines": [ 50.844556, 50.957455, 49.665945, 48.566539 ] }, { "date": "2023-12-15", "close": 47.904865, "volume": 2106, "typical_volume": 5230.7, "trend": 47.023408, "fair_value": 45.520319, "relative_strength": -5.835799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.592709, "energy": 19.598207, "activity_lines": [ 49.613146, 50.464814, 49.587862, 48.639377 ] }, { "date": "2023-12-22", "close": 40.328075, "volume": 10823, "typical_volume": 5737.8, "trend": 46.975447, "fair_value": 45.500488, "relative_strength": -22.230491, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -44.849385, "energy": 43.047632, "activity_lines": [ 46.155447, 48.611027, 48.787422, 48.20742 ] }, { "date": "2023-12-29", "close": 40.835697, "volume": 7542, "typical_volume": 4506.15, "trend": 47.009277, "fair_value": 45.474443, "relative_strength": -22.020154, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.681434, "energy": 51.032425, "activity_lines": [ 43.784946, 47.028423, 48.077254, 47.811307 ] }, { "date": "2024-01-05", "close": 41.888561, "volume": 4900, "typical_volume": 3213.75, "trend": 47.007707, "fair_value": 45.386397, "relative_strength": -18.514123, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.784341, "energy": 65.751042, "activity_lines": [ 42.547217, 45.757218, 47.496583, 47.480938 ] }, { "date": "2024-01-12", "close": 41.587742, "volume": 1263, "typical_volume": 3225.7, "trend": 46.922245, "fair_value": 45.329194, "relative_strength": -18.220395, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.508964, "energy": 73.44501, "activity_lines": [ 41.770737, 44.580984, 46.904645, 47.131263 ] }, { "date": "2024-01-19", "close": 42.47139, "volume": 11913, "typical_volume": 3748.95, "trend": 46.95469, "fair_value": 45.231556, "relative_strength": -14.082043, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.310016, "energy": 79.480822, "activity_lines": [ 41.758205, 43.747774, 46.411777, 46.844111 ] }, { "date": "2024-01-26", "close": 47.19043, "volume": 5848, "typical_volume": 3998.15, "trend": 47.093847, "fair_value": 45.168726, "relative_strength": -5.42742, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.075965, "energy": 41.017335, "activity_lines": [ 43.680917, 43.952992, 46.395186, 46.85932 ] }, { "date": "2024-02-02", "close": 46.156384, "volume": 3250, "typical_volume": 4084.75, "trend": 47.174019, "fair_value": 45.079709, "relative_strength": -6.047436, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.997084, "energy": 25.190312, "activity_lines": [ 44.801457, 44.095792, 46.273653, 46.798839 ] }, { "date": "2024-02-09", "close": 49.822563, "volume": 4654, "typical_volume": 4275.3, "trend": 47.265908, "fair_value": 44.987941, "relative_strength": 0.739536, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.061066, "energy": 18.74821, "activity_lines": [ 46.789344, 45.021654, 46.501213, 46.969713 ] }, { "date": "2024-02-16", "close": 50.715611, "volume": 5290, "typical_volume": 4464.2, "trend": 47.446534, "fair_value": 44.92763, "relative_strength": 1.891977, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.355844, "energy": 33.081534, "activity_lines": [ 48.545981, 46.118776, 46.80098, 47.192274 ] }, { "date": "2024-02-23", "close": 50.649811, "volume": 6684, "typical_volume": 4680.05, "trend": 47.543343, "fair_value": 44.897188, "relative_strength": 1.02866, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.551904, "energy": 38.072901, "activity_lines": [ 49.672159, 47.16599, 47.076937, 47.398937 ] }, { "date": "2024-03-01", "close": 51.533455, "volume": 8019, "typical_volume": 5009.35, "trend": 47.623362, "fair_value": 44.869526, "relative_strength": 2.976926, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.47291, "energy": 54.109796, "activity_lines": [ 50.547657, 48.323959, 47.428289, 47.656364 ] }, { "date": "2024-03-08", "close": 49.775566, "volume": 16859, "typical_volume": 5743.7, "trend": 47.716788, "fair_value": 44.843091, "relative_strength": 1.084572, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.245024, "energy": 52.548251, "activity_lines": [ 50.547658, 48.958577, 47.605715, 47.795216 ] }, { "date": "2024-03-15", "close": 50.897675, "volume": 19215, "typical_volume": 6549.95, "trend": 47.895414, "fair_value": 44.831066, "relative_strength": 3.67874, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.367768, "energy": 41.655368, "activity_lines": [ 50.680416, 49.634673, 47.878858, 48.000434 ] }, { "date": "2024-03-22", "close": 50.223473, "volume": 4740, "typical_volume": 6678.25, "trend": 48.078878, "fair_value": 44.810966, "relative_strength": 2.305193, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.652123, "energy": 44.787077, "activity_lines": [ 50.516766, 50.024384, 48.084089, 48.150632 ] }, { "date": "2024-03-29", "close": 49.330868, "volume": 9741, "typical_volume": 7007.75, "trend": 48.119617, "fair_value": 44.774176, "relative_strength": -0.244066, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.554013, "energy": 27.756698, "activity_lines": [ 50.08839, 50.094789, 48.210949, 48.231405 ] }, { "date": "2024-04-05", "close": 46.719509, "volume": 21841, "typical_volume": 7792.65, "trend": 48.149151, "fair_value": 44.732192, "relative_strength": -4.311149, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -13.627247, "energy": 10.851047, "activity_lines": [ 48.87749, 49.565685, 48.103697, 48.141076 ] }, { "date": "2024-04-12", "close": 44.962772, "volume": 5360, "typical_volume": 8014.85, "trend": 48.109832, "fair_value": 44.67404, "relative_strength": -7.143767, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.407767, "energy": 28.450562, "activity_lines": [ 47.401941, 48.725736, 47.864272, 47.935503 ] }, { "date": "2024-04-19", "close": 46.197243, "volume": 43545, "typical_volume": 10071.3, "trend": 48.078904, "fair_value": 44.610235, "relative_strength": -3.77703, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.612862, "energy": 30.559424, "activity_lines": [ 46.658736, 48.131938, 47.778607, 47.81211 ] }, { "date": "2024-04-26", "close": 46.719509, "volume": 8441, "typical_volume": 10101.7, "trend": 48.068505, "fair_value": 44.556129, "relative_strength": -3.636818, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.237769, "energy": 39.756001, "activity_lines": [ 46.402981, 47.699013, 47.762272, 47.724407 ] }, { "date": "2024-05-03", "close": 49.739182, "volume": 6279, "typical_volume": 10310.35, "trend": 48.099484, "fair_value": 44.54245, "relative_strength": 1.016684, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.415437, "energy": 20.451407, "activity_lines": [ 47.387382, 47.887775, 48.042617, 47.832193 ] }, { "date": "2024-05-10", "close": 48.010944, "volume": 7888, "typical_volume": 10163.6, "trend": 48.027618, "fair_value": 44.531259, "relative_strength": -1.884803, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.926532, "energy": 7.595114, "activity_lines": [ 47.768482, 47.77887, 48.149633, 47.82648 ] }, { "date": "2024-05-17", "close": 50.92617, "volume": 5225, "typical_volume": 10047.75, "trend": 48.144025, "fair_value": 44.495106, "relative_strength": 3.45989, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.849018, "energy": 21.760389, "activity_lines": [ 49.035229, 48.264051, 48.497705, 48.013484 ] }, { "date": "2024-05-24", "close": 44.630421, "volume": 7242, "typical_volume": 10164.85, "trend": 47.961035, "fair_value": 44.423388, "relative_strength": -6.443517, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.023588, "energy": 13.531892, "activity_lines": [ 47.805833, 47.58363, 48.198131, 47.786799 ] }, { "date": "2024-05-31", "close": 44.535473, "volume": 2408, "typical_volume": 10222.1, "trend": 47.724962, "fair_value": 44.374636, "relative_strength": -5.006519, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.971806, "energy": 28.684306, "activity_lines": [ 46.649242, 46.999896, 47.876459, 47.565795 ] }, { "date": "2024-06-07", "close": 47.591286, "volume": 3083, "typical_volume": 9780.6, "trend": 47.564856, "fair_value": 44.348047, "relative_strength": 2.447045, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.363846, "energy": 26.85675, "activity_lines": [ 46.656858, 47.075183, 47.831779, 47.557171 ] }, { "date": "2024-06-14", "close": 47.371658, "volume": 3595, "typical_volume": 9667.95, "trend": 47.340647, "fair_value": 44.336946, "relative_strength": 2.792076, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.889964, "energy": 19.799705, "activity_lines": [ 46.734458, 47.142166, 47.741802, 47.544707 ] }, { "date": "2024-06-21", "close": 46.378586, "volume": 16793, "typical_volume": 10345.1, "trend": 47.134501, "fair_value": 44.334524, "relative_strength": -0.920692, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.558711, "energy": 22.689334, "activity_lines": [ 46.523652, 47.016733, 47.556383, 47.482638 ] }, { "date": "2024-06-28", "close": 50.895176, "volume": 10021, "typical_volume": 10613.45, "trend": 47.15396, "fair_value": 44.329692, "relative_strength": 6.23036, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.558301, "energy": 23.769953, "activity_lines": [ 48.12155, 47.686757, 47.800058, 47.725263 ] }, { "date": "2024-07-05", "close": 47.839554, "volume": 7154, "typical_volume": 10706.65, "trend": 47.127655, "fair_value": 44.317841, "relative_strength": -2.066858, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.050368, "energy": 15.121894, "activity_lines": [ 48.283256, 47.715796, 47.747614, 47.769494 ] }, { "date": "2024-07-12", "close": 48.259701, "volume": 15358, "typical_volume": 11140.35, "trend": 47.139483, "fair_value": 44.293952, "relative_strength": -3.100008, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.000043, "energy": 19.759801, "activity_lines": [ 48.364739, 47.80086, 47.748879, 47.84253 ] }, { "date": "2024-07-19", "close": 49.061802, "volume": 2991, "typical_volume": 10888.95, "trend": 47.430607, "fair_value": 44.292528, "relative_strength": -0.538541, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.310626, "energy": 26.252427, "activity_lines": [ 48.669028, 48.058661, 47.837917, 47.96655 ] }, { "date": "2024-07-26", "close": 49.9021, "volume": 4254, "typical_volume": 10258.7, "trend": 47.732821, "fair_value": 44.305749, "relative_strength": 1.292829, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.077458, "energy": 33.707502, "activity_lines": [ 49.14074, 48.450137, 48.018752, 48.126001 ] }, { "date": "2024-08-02", "close": 49.224133, "volume": 39656, "typical_volume": 11280.75, "trend": 47.97734, "fair_value": 44.360988, "relative_strength": 1.317966, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.270391, "energy": 32.158332, "activity_lines": [ 49.151562, 48.736966, 48.134417, 48.222215 ] }, { "date": "2024-08-09", "close": 47.572186, "volume": 6143, "typical_volume": 11350.9, "trend": 48.176821, "fair_value": 44.394041, "relative_strength": -5.49303, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.97958, "energy": 12.481615, "activity_lines": [ 48.723138, 48.639918, 48.100722, 48.196076 ] }, { "date": "2024-08-16", "close": 46.88467, "volume": 3190, "typical_volume": 11023.35, "trend": 48.32393, "fair_value": 44.444363, "relative_strength": -8.977374, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.570797, "energy": 7.092188, "activity_lines": [ 48.083366, 48.362655, 48.014175, 48.112712 ] }, { "date": "2024-08-23", "close": 42.969654, "volume": 1809, "typical_volume": 10021.75, "trend": 48.183238, "fair_value": 44.436243, "relative_strength": -17.310026, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -71.044973, "energy": 51.707424, "activity_lines": [ 46.230258, 47.386418, 47.566418, 47.767274 ] }, { "date": "2024-08-30", "close": 43.36116, "volume": 3206, "typical_volume": 9914.05, "trend": 48.090064, "fair_value": 44.436349, "relative_strength": -16.425256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.653445, "energy": 68.118292, "activity_lines": [ 44.913795, 46.561401, 47.173804, 47.456173 ] }, { "date": "2024-09-06", "close": 41.817455, "volume": 2805, "typical_volume": 7877.05, "trend": 47.823227, "fair_value": 44.431079, "relative_strength": -18.185251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.635368, "energy": 80.236095, "activity_lines": [ 43.518827, 45.510572, 46.641796, 47.051488 ] }, { "date": "2024-09-13", "close": 41.39505, "volume": 4110, "typical_volume": 7660.5, "trend": 47.512541, "fair_value": 44.444392, "relative_strength": -18.86241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.03743, "energy": 83.620809, "activity_lines": [ 42.476835, 44.547992, 46.090416, 46.636767 ] }, { "date": "2024-09-20", "close": 41.702248, "volume": 4419, "typical_volume": 7567.5, "trend": 47.214289, "fair_value": 44.460778, "relative_strength": -15.501551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.556685, "energy": 80.516299, "activity_lines": [ 41.949052, 43.758438, 45.593648, 46.26191 ] }, { "date": "2024-09-27", "close": 49.247829, "volume": 3405, "typical_volume": 7343.35, "trend": 47.138102, "fair_value": 44.508242, "relative_strength": -1.300687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.426677, "energy": 31.972089, "activity_lines": [ 44.281957, 44.460035, 45.853777, 46.393106 ] }, { "date": "2024-10-04", "close": 53.385414, "volume": 2967, "typical_volume": 7230.45, "trend": 47.25843, "fair_value": 44.5435, "relative_strength": 7.876947, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.146051, "energy": 22.11738, "activity_lines": [ 47.575512, 45.910538, 46.502072, 46.796158 ] }, { "date": "2024-10-11", "close": 47.615833, "volume": 6209, "typical_volume": 7178.8, "trend": 47.149035, "fair_value": 44.546329, "relative_strength": -2.113065, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.30609, "energy": 21.406163, "activity_lines": [ 48.27759, 46.248693, 46.589173, 46.819216 ] }, { "date": "2024-10-18", "close": 45.167839, "volume": 3339, "typical_volume": 7225.35, "trend": 46.980514, "fair_value": 44.501671, "relative_strength": -7.157637, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -6.923224, "energy": 23.255373, "activity_lines": [ 47.777112, 46.171, 46.428915, 46.691397 ] }, { "date": "2024-10-25", "close": 43.622246, "volume": 2359, "typical_volume": 7189.15, "trend": 46.790227, "fair_value": 44.463536, "relative_strength": -9.418499, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.139807, "energy": 23.571399, "activity_lines": [ 46.509916, 45.856006, 46.118446, 46.474735 ] }, { "date": "2024-11-01", "close": 44.572643, "volume": 1646, "typical_volume": 7091.7, "trend": 46.718665, "fair_value": 44.42402, "relative_strength": -5.729957, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.090655, "energy": 26.348445, "activity_lines": [ 45.43152, 45.773128, 45.917391, 46.331665 ] }, { "date": "2024-11-08", "close": 42.278255, "volume": 5641, "typical_volume": 6534.1, "trend": 46.629181, "fair_value": 44.344315, "relative_strength": -9.892612, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.001198, "energy": 41.134946, "activity_lines": [ 43.900006, 45.243943, 45.511152, 46.045187 ] }, { "date": "2024-11-15", "close": 46.88623, "volume": 1548, "typical_volume": 6110.45, "trend": 46.652147, "fair_value": 44.270347, "relative_strength": 0.30318, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -33.846902, "energy": 25.16077, "activity_lines": [ 44.644962, 45.572261, 45.563294, 46.061771 ] }, { "date": "2024-11-22", "close": 48.575825, "volume": 2941, "typical_volume": 5899.8, "trend": 46.714024, "fair_value": 44.213303, "relative_strength": 3.074441, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -15.231654, "energy": 8.154218, "activity_lines": [ 46.001756, 46.115618, 45.795439, 46.185879 ] }, { "date": "2024-11-29", "close": 50.501362, "volume": 941, "typical_volume": 5178.95, "trend": 46.73943, "fair_value": 44.192633, "relative_strength": 10.056121, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.984385, "energy": 27.827455, "activity_lines": [ 47.773197, 46.878514, 46.207463, 46.430223 ] }, { "date": "2024-12-06", "close": 53.646843, "volume": 7509, "typical_volume": 5404.85, "trend": 46.927293, "fair_value": 44.200568, "relative_strength": 16.387312, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 49.427022, "energy": 55.039825, "activity_lines": [ 50.134524, 48.053331, 46.908381, 46.875863 ] }, { "date": "2024-12-13", "close": 55.57658, "volume": 9273, "typical_volume": 5655.8, "trend": 47.082307, "fair_value": 44.243541, "relative_strength": 21.366874, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.4922, "energy": 78.069547, "activity_lines": [ 52.534149, 49.499028, 47.771251, 47.433881 ] }, { "date": "2024-12-20", "close": 54.245064, "volume": 794, "typical_volume": 3712.7, "trend": 47.402795, "fair_value": 44.269631, "relative_strength": 20.011996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.872625, "energy": 77.854647, "activity_lines": [ 53.603381, 50.662791, 48.480288, 47.895995 ] }, { "date": "2024-12-27", "close": 54.939766, "volume": 1329, "typical_volume": 3472.0, "trend": 47.749605, "fair_value": 44.286493, "relative_strength": 22.431624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.921375, "energy": 81.486408, "activity_lines": [ 54.413592, 51.832333, 49.231578, 48.382251 ] }, { "date": "2025-01-03", "close": 52.556541, "volume": 557, "typical_volume": 3340.35, "trend": 47.915113, "fair_value": 44.300189, "relative_strength": 18.068564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.399283, "energy": 75.869529, "activity_lines": [ 54.005131, 52.390889, 49.720811, 48.692376 ] }, { "date": "2025-01-10", "close": 53.955601, "volume": 11197, "typical_volume": 3809.75, "trend": 48.134578, "fair_value": 44.315836, "relative_strength": 20.043274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.064205, "energy": 63.729246, "activity_lines": [ 53.926012, 53.041378, 50.316279, 49.082085 ] }, { "date": "2025-01-17", "close": 58.471195, "volume": 3027, "typical_volume": 3800.8, "trend": 48.537665, "fair_value": 44.382027, "relative_strength": 25.448814, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.626173, "energy": 72.357357, "activity_lines": [ 55.331507, 54.342285, 51.289489, 49.748963 ] }, { "date": "2025-01-24", "close": 58.81855, "volume": 962, "typical_volume": 3708.65, "trend": 48.801778, "fair_value": 44.4568, "relative_strength": 25.369773, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.409488, "energy": 71.193752, "activity_lines": [ 56.659812, 55.41193, 52.223828, 50.412246 ] }, { "date": "2025-01-31", "close": 57.525623, "volume": 696, "typical_volume": 3537.95, "trend": 49.124647, "fair_value": 44.513001, "relative_strength": 18.475004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.43793, "energy": 69.18233, "activity_lines": [ 57.252243, 56.029547, 52.954073, 50.975075 ] }, { "date": "2025-02-07", "close": 57.872978, "volume": 62940, "typical_volume": 6464.0, "trend": 49.445089, "fair_value": 44.58102, "relative_strength": 20.188588, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.469159, "energy": 73.222698, "activity_lines": [ 57.788068, 56.547595, 53.640588, 51.539483 ] }, { "date": "2025-02-14", "close": 57.467728, "volume": 1661, "typical_volume": 6376.8, "trend": 49.725287, "fair_value": 44.654611, "relative_strength": 15.683909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.577151, "energy": 60.689081, "activity_lines": [ 57.834381, 56.857932, 54.211504, 52.057073 ] }, { "date": "2025-02-21", "close": 57.023888, "volume": 11520, "typical_volume": 6804.45, "trend": 49.96268, "fair_value": 44.722822, "relative_strength": 15.447837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.62141, "energy": 48.677213, "activity_lines": [ 57.498605, 57.0181, 54.701007, 52.52795 ] }, { "date": "2025-02-28", "close": 56.435318, "volume": 5074, "typical_volume": 6747.7, "trend": 50.203052, "fair_value": 44.83426, "relative_strength": 17.930092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.558588, "energy": 41.118647, "activity_lines": [ 57.063127, 57.044941, 55.117129, 52.94554 ] }, { "date": "2025-03-07", "close": 57.828777, "volume": 908, "typical_volume": 6626.15, "trend": 50.544939, "fair_value": 44.969471, "relative_strength": 18.267796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.5438, "energy": 37.214286, "activity_lines": [ 57.251017, 57.285315, 55.623965, 53.437522 ] }, { "date": "2025-03-14", "close": 57.447941, "volume": 12256, "typical_volume": 7121.0, "trend": 50.897048, "fair_value": 45.074655, "relative_strength": 13.670341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.882727, "energy": 36.440554, "activity_lines": [ 57.291751, 57.403919, 56.03424, 53.882877 ] }, { "date": "2025-03-21", "close": 54.078987, "volume": 1736, "typical_volume": 7125.5, "trend": 51.267359, "fair_value": 45.163381, "relative_strength": 4.197299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.760002, "energy": 24.836196, "activity_lines": [ 56.237837, 56.821051, 56.057826, 54.088163 ] }, { "date": "2025-03-28", "close": 56.793682, "volume": 9709, "typical_volume": 7328.9, "trend": 51.71511, "fair_value": 45.267291, "relative_strength": 9.550974, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.255901, "energy": 23.737855, "activity_lines": [ 56.314737, 56.729521, 56.294686, 54.4447 ] }, { "date": "2025-04-04", "close": 55.934353, "volume": 6359, "typical_volume": 7569.45, "trend": 52.185673, "fair_value": 45.370691, "relative_strength": 11.444905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.090777, "energy": 17.275229, "activity_lines": [ 56.120541, 56.512249, 56.380584, 54.71691 ] }, { "date": "2025-04-11", "close": 56.852268, "volume": 51319, "typical_volume": 9988.35, "trend": 52.700914, "fair_value": 45.475034, "relative_strength": 12.412065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.711017, "energy": 17.722794, "activity_lines": [ 56.265714, 56.514311, 56.510816, 55.01798 ] }, { "date": "2025-04-18", "close": 56.149185, "volume": 1287, "typical_volume": 10005.65, "trend": 53.182478, "fair_value": 45.594252, "relative_strength": 8.998645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.016878, "energy": 16.123612, "activity_lines": [ 56.241627, 56.400783, 56.534676, 55.240449 ] }, { "date": "2025-04-25", "close": 58.824818, "volume": 2561, "typical_volume": 9758.25, "trend": 53.501711, "fair_value": 45.694884, "relative_strength": 9.522755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.085867, "energy": 32.912608, "activity_lines": [ 57.196001, 56.805075, 56.786464, 55.604471 ] }, { "date": "2025-05-02", "close": 60.211452, "volume": 661, "typical_volume": 9327.65, "trend": 53.729246, "fair_value": 45.819744, "relative_strength": 11.462091, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.90667, "energy": 53.670408, "activity_lines": [ 58.296198, 57.436807, 57.145656, 56.037358 ] }, { "date": "2025-05-09", "close": 57.418648, "volume": 1137, "typical_volume": 9344.8, "trend": 54.056006, "fair_value": 45.912804, "relative_strength": 4.995147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.996628, "energy": 43.681538, "activity_lines": [ 58.237609, 57.502802, 57.216795, 56.275384 ] }, { "date": "2025-05-16", "close": 66.578285, "volume": 2658, "typical_volume": 9411.25, "trend": 54.769688, "fair_value": 46.065374, "relative_strength": 18.94241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.216626, "energy": 77.241907, "activity_lines": [ 61.13328, 59.216306, 58.145168, 57.083273 ] }, { "date": "2025-05-23", "close": 66.138863, "volume": 931, "typical_volume": 9429.95, "trend": 55.520242, "fair_value": 46.200639, "relative_strength": 18.64032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.62845, "energy": 83.321851, "activity_lines": [ 63.234075, 60.690834, 58.976271, 57.816768 ] }, { "date": "2025-05-30", "close": 68.275726, "volume": 4809, "typical_volume": 9110.55, "trend": 56.310344, "fair_value": 46.346448, "relative_strength": 22.408769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.350804, "energy": 87.41405, "activity_lines": [ 65.381179, 62.395865, 59.946206, 58.639702 ] }, { "date": "2025-06-06", "close": 68.972725, "volume": 1704, "typical_volume": 9044.4, "trend": 57.20016, "fair_value": 46.479639, "relative_strength": 23.839462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.91759, "energy": 89.614613, "activity_lines": [ 67.130556, 63.969501, 60.914331, 59.45663 ] }, { "date": "2025-06-13", "close": 70.700478, "volume": 2248, "typical_volume": 9108.7, "trend": 57.993968, "fair_value": 46.65009, "relative_strength": 25.211316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.684594, "energy": 90.613138, "activity_lines": [ 68.871765, 65.635836, 61.996996, 60.327618 ] }, { "date": "2025-06-20", "close": 69.816971, "volume": 1311, "typical_volume": 9139.45, "trend": 58.702007, "fair_value": 46.810396, "relative_strength": 23.004265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.107478, "energy": 85.12963, "activity_lines": [ 69.433017, 66.873059, 62.938938, 61.090393 ] }, { "date": "2025-06-27", "close": 71.652702, "volume": 4245, "typical_volume": 6204.7, "trend": 59.407051, "fair_value": 46.977605, "relative_strength": 25.809953, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.420327, "energy": 83.352769, "activity_lines": [ 70.390267, 68.20833, 63.99718, 61.925922 ] }, { "date": "2025-07-04", "close": 70.229271, "volume": 883, "typical_volume": 6165.8, "trend": 59.959799, "fair_value": 47.1483, "relative_strength": 18.646498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.533038, "energy": 66.148004, "activity_lines": [ 70.50545, 69.002912, 64.85424, 62.624129 ] }, { "date": "2025-07-11", "close": 70.396149, "volume": 9086, "typical_volume": 6044.1, "trend": 60.453784, "fair_value": 47.325332, "relative_strength": 22.744924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.347183, "energy": 60.480961, "activity_lines": [ 70.546024, 69.620483, 65.666424, 63.297442 ] }, { "date": "2025-07-18", "close": 74.489754, "volume": 946, "typical_volume": 5837.7, "trend": 61.128607, "fair_value": 47.497398, "relative_strength": 31.568533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.933671, "energy": 66.040308, "activity_lines": [ 71.856237, 70.797169, 66.804798, 64.202989 ] }, { "date": "2025-07-25", "close": 73.930191, "volume": 98, "typical_volume": 5797.2, "trend": 61.761622, "fair_value": 47.689912, "relative_strength": 29.489355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.59524, "energy": 62.293893, "activity_lines": [ 72.727311, 71.561732, 67.803907, 65.028897 ] }, { "date": "2025-08-01", "close": 69.198509, "volume": 705, "typical_volume": 5219.65, "trend": 62.316354, "fair_value": 47.864816, "relative_strength": 21.478766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.491522, "energy": 51.338217, "activity_lines": [ 71.746943, 71.332318, 68.275705, 65.508696 ] }, { "date": "2025-08-08", "close": 68.688034, "volume": 336, "typical_volume": 5149.65, "trend": 62.807435, "fair_value": 48.032903, "relative_strength": 16.761747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.596781, "energy": 41.232329, "activity_lines": [ 70.760029, 70.954461, 68.642932, 65.919773 ] }, { "date": "2025-08-15", "close": 68.648766, "volume": 195, "typical_volume": 4673.95, "trend": 63.146687, "fair_value": 48.216664, "relative_strength": 15.540682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.733169, "energy": 31.144751, "activity_lines": [ 69.862775, 70.561968, 68.936853, 66.296633 ] }, { "date": "2025-08-22", "close": 70.229271, "volume": 113, "typical_volume": 4361.65, "trend": 63.527045, "fair_value": 48.399447, "relative_strength": 15.824717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.8846, "energy": 25.700789, "activity_lines": [ 69.608849, 70.46273, 69.324844, 66.753574 ] }, { "date": "2025-08-29", "close": 72.949799, "volume": 736, "typical_volume": 1832.5, "trend": 64.041184, "fair_value": 48.601835, "relative_strength": 16.369913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.10792, "energy": 34.831125, "activity_lines": [ 70.545797, 70.8667, 69.903863, 67.361493 ] }, { "date": "2025-09-05", "close": 72.131691, "volume": 544, "typical_volume": 1795.35, "trend": 64.516474, "fair_value": 48.796037, "relative_strength": 13.125559, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.336395, "energy": 41.290463, "activity_lines": [ 71.275402, 71.064963, 70.328312, 67.883461 ] }, { "date": "2025-09-12", "close": 80.628212, "volume": 1079, "typical_volume": 1721.25, "trend": 65.28849, "fair_value": 49.057892, "relative_strength": 25.376498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.52588, "energy": 79.194461, "activity_lines": [ 74.641635, 72.799339, 71.485846, 68.922928 ] }, { "date": "2025-09-19", "close": 80.283211, "volume": 933, "typical_volume": 1734.85, "trend": 66.063801, "fair_value": 49.334677, "relative_strength": 20.573714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.661885, "energy": 90.680883, "activity_lines": [ 77.096856, 74.281916, 72.506697, 69.89033 ] }, { "date": "2025-09-26", "close": 78.696281, "volume": 1023, "typical_volume": 1729.15, "trend": 66.805833, "fair_value": 49.59863, "relative_strength": 17.687052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.427648, "energy": 87.440343, "activity_lines": [ 78.247471, 75.296196, 73.280832, 70.705328 ] }, { "date": "2025-10-03", "close": 80.026947, "volume": 15250, "typical_volume": 2358.75, "trend": 67.545772, "fair_value": 49.871524, "relative_strength": 19.958969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.188664, "energy": 89.523147, "activity_lines": [ 79.277174, 76.475932, 74.080375, 71.558303 ] }, { "date": "2025-10-10", "close": 80.914047, "volume": 219, "typical_volume": 2323.15, "trend": 68.327976, "fair_value": 50.174197, "relative_strength": 23.254268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.797871, "energy": 84.679655, "activity_lines": [ 80.130767, 77.706109, 74.900362, 72.420773 ] }, { "date": "2025-10-17", "close": 79.94809, "volume": 262, "typical_volume": 2095.8, "trend": 69.190279, "fair_value": 50.497802, "relative_strength": 18.441837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.25999, "energy": 62.794473, "activity_lines": [ 80.076883, 78.547648, 75.557996, 73.170458 ] }, { "date": "2025-10-24", "close": 77.917603, "volume": 2515, "typical_volume": 2136.35, "trend": 69.89441, "fair_value": 50.824967, "relative_strength": 12.338674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.934904, "energy": 54.674745, "activity_lines": [ 79.391513, 78.81528, 75.966667, 73.733511 ] }, { "date": "2025-10-31", "close": 74.172035, "volume": 4904, "typical_volume": 2269.15, "trend": 70.502333, "fair_value": 51.114576, "relative_strength": 3.906252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.851153, "energy": 36.869318, "activity_lines": [ 77.615327, 78.233374, 75.976023, 74.009486 ] }, { "date": "2025-11-07", "close": 73.176506, "volume": 7384, "typical_volume": 2572.8, "trend": 71.046474, "fair_value": 51.379172, "relative_strength": -1.073397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.763855, "energy": 22.057071, "activity_lines": [ 75.808914, 77.398777, 75.874036, 74.182014 ] }, { "date": "2025-11-14", "close": 74.319885, "volume": 103, "typical_volume": 2365.7, "trend": 71.652164, "fair_value": 51.6418, "relative_strength": -2.276575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.123202, "energy": 26.445128, "activity_lines": [ 74.840323, 76.767944, 75.864943, 74.393202 ] }, { "date": "2025-11-21", "close": 70.239197, "volume": 194, "typical_volume": 2331.25, "trend": 72.032643, "fair_value": 51.882294, "relative_strength": -6.161159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.453713, "energy": 29.676756, "activity_lines": [ 72.951114, 75.355384, 75.454513, 74.302042 ] }, { "date": "2025-11-28", "close": 71.954262, "volume": 7379, "typical_volume": 2245.9, "trend": 72.42407, "fair_value": 52.125052, "relative_strength": -6.656972, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.870531, "energy": 33.092136, "activity_lines": [ 72.280853, 74.443544, 75.207375, 74.296986 ] }, { "date": "2025-12-05", "close": 75.729683, "volume": 12919, "typical_volume": 2844.55, "trend": 73.034438, "fair_value": 52.392663, "relative_strength": -0.913497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.119657, "energy": 18.510871, "activity_lines": [ 73.266622, 74.36958, 75.312382, 74.510251 ] }, { "date": "2025-12-12", "close": 74.136101, "volume": 14062, "typical_volume": 3542.75, "trend": 73.286365, "fair_value": 52.644315, "relative_strength": -5.105137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.447983, "energy": 15.644197, "activity_lines": [ 73.617353, 74.059812, 75.259714, 74.581326 ] }, { "date": "2025-12-19", "close": 75.39315, "volume": 4122, "typical_volume": 3713.6, "trend": 73.594842, "fair_value": 52.909414, "relative_strength": -2.221594, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.024719, "energy": 12.225805, "activity_lines": [ 74.323128, 74.085704, 75.325785, 74.717248 ] }, { "date": "2025-12-26", "close": 75.462433, "volume": 406, "typical_volume": 3717.1, "trend": 73.834398, "fair_value": 53.165305, "relative_strength": -3.652649, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.850807, "energy": 21.642014, "activity_lines": [ 74.980446, 74.224574, 75.368956, 74.837737 ] }, { "date": "2026-01-02", "close": 79.481033, "volume": 46, "typical_volume": 3709.65, "trend": 74.184675, "fair_value": 53.4212, "relative_strength": 1.497143, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.691637, "energy": 35.978994, "activity_lines": [ 76.629082, 75.175655, 75.762592, 75.202036 ] }, { "date": "2026-01-09", "close": 73.740181, "volume": 7855, "typical_volume": 4096.75, "trend": 74.285999, "fair_value": 53.625965, "relative_strength": -7.456253, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 26.608163, "energy": 20.30162, "activity_lines": [ 75.862316, 75.054519, 75.557897, 75.173359 ] }, { "date": "2026-01-16", "close": 72.948341, "volume": 29452, "typical_volume": 5532.55, "trend": 74.390378, "fair_value": 53.818964, "relative_strength": -9.118081, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.733204, "energy": 10.464016, "activity_lines": [ 74.964236, 74.797264, 75.261071, 75.087059 ] }, { "date": "2026-01-23", "close": 69.018837, "volume": 8038, "typical_volume": 5907.25, "trend": 74.302582, "fair_value": 53.983162, "relative_strength": -20.475828, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.054682, "energy": 32.679429, "activity_lines": [ 72.835506, 73.829703, 74.590013, 74.740508 ] }, { "date": "2026-01-30", "close": 67.059029, "volume": 8591, "typical_volume": 6282.85, "trend": 74.196908, "fair_value": 54.137698, "relative_strength": -23.539581, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.079664, "energy": 64.504357, "activity_lines": [ 70.478461, 72.602195, 73.74713, 74.273182 ] }, { "date": "2026-02-06", "close": 63.268085, "volume": 27487, "typical_volume": 7610.55, "trend": 73.959305, "fair_value": 54.274447, "relative_strength": -28.148549, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.35515, "energy": 87.428579, "activity_lines": [ 67.417994, 70.743246, 72.60782, 73.568096 ] }, { "date": "2026-02-13", "close": 62.11002, "volume": 14936, "typical_volume": 8306.2, "trend": 73.546648, "fair_value": 54.409752, "relative_strength": -30.473249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.209311, "energy": 91.41069, "activity_lines": [ 65.052369, 68.83167, 71.439242, 72.803626 ] }, { "date": "2026-02-20", "close": 61.476547, "volume": 1563, "typical_volume": 7621.85, "trend": 73.131526, "fair_value": 54.563379, "relative_strength": -32.310297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.788175, "energy": 92.378492, "activity_lines": [ 63.250931, 67.052547, 70.289316, 72.02491 ] }, { "date": "2026-02-27", "close": 58.497246, "volume": 5434, "typical_volume": 7882.6, "trend": 72.774817, "fair_value": 54.673334, "relative_strength": -34.599639, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.207294, "energy": 94.480237, "activity_lines": [ 61.221178, 64.961907, 68.943982, 71.080763 ] }, { "date": "2026-03-06", "close": 61.407261, "volume": 1118, "typical_volume": 7925.4, "trend": 72.532125, "fair_value": 54.810818, "relative_strength": -27.385752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.991822, "energy": 87.339066, "activity_lines": [ 60.86287, 63.707559, 67.982539, 70.347372 ] }, { "date": "2026-03-13", "close": 58.880001, "volume": 473, "typical_volume": 7823.3, "trend": 72.2065, "fair_value": 54.919745, "relative_strength": -29.374738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.83443, "energy": 88.279027, "activity_lines": [ 60.038927, 62.249258, 66.868694, 69.46659 ] }, { "date": "2026-03-20", "close": 60.720001, "volume": 126, "typical_volume": 7584.4, "trend": 71.889524, "fair_value": 55.029893, "relative_strength": -26.381792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.697035, "energy": 65.067545, "activity_lines": [ 60.120855, 61.500066, 66.020742, 68.725526 ] }, { "date": "2026-03-27", "close": 57.330002, "volume": 2401, "typical_volume": 7335.25, "trend": 71.368864, "fair_value": 55.130726, "relative_strength": -32.215782, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.210297, "energy": 67.036783, "activity_lines": [ 59.165452, 60.371242, 64.913991, 67.786202 ] }, { "date": "2026-04-03", "close": 57.896263, "volume": 17515, "typical_volume": 8205.85, "trend": 70.89435, "fair_value": 55.231624, "relative_strength": -33.549349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.331958, "energy": 65.347958, "activity_lines": [ 58.675239, 59.629344, 63.936629, 66.917002 ] }, { "date": "2026-04-10", "close": 57.239708, "volume": 1938, "typical_volume": 8293.05, "trend": 70.114733, "fair_value": 55.334076, "relative_strength": -36.98403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.170004, "energy": 65.9917, "activity_lines": [ 58.00624, 58.970301, 62.974946, 66.036057 ] }, { "date": "2026-04-17", "close": 58.73188, "volume": 1672, "typical_volume": 8007.7, "trend": 69.396355, "fair_value": 55.437064, "relative_strength": -34.451772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.313554, "energy": 67.118024, "activity_lines": [ 58.112468, 58.761094, 62.217276, 65.301679 ] }, { "date": "2026-04-24", "close": 54.106655, "volume": 239, "typical_volume": 7373.7, "trend": 68.576701, "fair_value": 55.518601, "relative_strength": -37.633714, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.722473, "energy": 81.497181, "activity_lines": [ 56.68683, 57.793415, 61.082073, 64.315247 ] }, { "date": "2026-05-01", "close": 58.092831, "volume": 40, "typical_volume": 6672.6, "trend": 67.845564, "fair_value": 55.629016, "relative_strength": -31.421253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.27667, "energy": 61.723561, "activity_lines": [ 57.030806, 57.69601, 60.429472, 63.638868 ] }, { "date": "2026-05-08", "close": 56.412872, "volume": 428, "typical_volume": 6487.9, "trend": 67.028858, "fair_value": 55.741198, "relative_strength": -31.912671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.043529, "energy": 62.076609, "activity_lines": [ 56.763941, 57.354681, 59.693272, 62.901275 ] }, { "date": "2026-05-15", "close": 57.02919, "volume": 201, "typical_volume": 6477.65, "trend": 66.264895, "fair_value": 55.84729, "relative_strength": -28.037632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.355557, "energy": 58.554206, "activity_lines": [ 56.801408, 57.163307, 59.106151, 62.256136 ] }, { "date": "2026-05-22", "close": 53.788559, "volume": 1323, "typical_volume": 6541.5, "trend": 65.460593, "fair_value": 55.924352, "relative_strength": -31.196252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.095564, "energy": 60.608283, "activity_lines": [ 55.772699, 56.462328, 58.298175, 61.451211 ] }, { "date": "2026-05-29", "close": 62.257942, "volume": 487, "typical_volume": 6173.1, "trend": 65.063457, "fair_value": 56.06818, "relative_strength": -18.759668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.05335, "energy": 30.743736, "activity_lines": [ 57.896673, 57.393809, 58.419153, 61.244588 ] }, { "date": "2026-06-05", "close": 61.470001, "volume": 23, "typical_volume": 4701.65, "trend": 64.67324, "fair_value": 56.1934, "relative_strength": -17.006722, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.111966, "energy": 18.603948, "activity_lines": [ 59.21458, 58.154066, 58.519766, 61.012752 ] }, { "date": "2026-06-12", "close": 64.050003, "volume": 150, "typical_volume": 4307.25, "trend": 64.33091, "fair_value": 56.320954, "relative_strength": -14.059855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.198603, "energy": 20.708152, "activity_lines": [ 61.167344, 59.308141, 58.920753, 60.972543 ] }, { "date": "2026-06-19", "close": 62.200001, "volume": 0, "typical_volume": 3877.7, "trend": 64.062937, "fair_value": 56.453659, "relative_strength": -14.748399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.520503, "energy": 28.294478, "activity_lines": [ 61.994298, 60.013966, 59.169209, 60.835065 ] }, { "date": "2026-06-26", "close": 59.939999, "volume": 0, "typical_volume": 2503.35, "trend": 63.662462, "fair_value": 56.562148, "relative_strength": -19.447298, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -0.538923, "energy": 22.870874, "activity_lines": [ 61.723197, 60.218694, 59.225566, 60.569069 ] }, { "date": "2026-07-03", "close": 66.690002, "volume": 30, "typical_volume": 1758.05, "trend": 63.361139, "fair_value": 56.709191, "relative_strength": -10.419233, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 26.752751, "energy": 40.082174, "activity_lines": [ 63.292001, 61.62873, 59.940628, 60.764394 ] }, { "date": "2026-07-10", "close": 68.739998, "volume": 858, "typical_volume": 1722.8, "trend": 63.181269, "fair_value": 56.848128, "relative_strength": -9.000112, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.126353, "energy": 62.333147, "activity_lines": [ 65.248667, 63.182704, 60.829119, 61.111418 ] }, { "date": "2026-07-17", "close": 66.220001, "volume": 402, "typical_volume": 1471.2, "trend": 62.875497, "fair_value": 56.982251, "relative_strength": -9.514545, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.380081, "energy": 53.822611, "activity_lines": [ 65.880667, 64.084912, 61.443022, 61.307465 ] }, { "date": "2026-07-24", "close": 60.900002, "volume": 70, "typical_volume": 1418.8, "trend": 62.390083, "fair_value": 57.066574, "relative_strength": -16.160977, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.094559, "energy": 34.33348, "activity_lines": [ 64.594667, 63.841536, 61.513483, 61.180014 ] }, { "date": "2026-07-31", "close": 60.900002, "volume": 0, "typical_volume": 1395.15, "trend": 61.770715, "fair_value": 57.142004, "relative_strength": -17.337787, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 12.948801, "energy": 18.541243, "activity_lines": [ 63.395335, 63.527782, 61.58636, 61.083879 ] }, { "date": "2026-08-07", "close": 65.790001, "volume": 177, "typical_volume": 1397.7, "trend": 61.505709, "fair_value": 57.262628, "relative_strength": -7.326596, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.621769, "energy": 15.398195, "activity_lines": [ 63.762001, 63.973819, 62.115332, 61.343188 ] } ], "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." } } }