{ "ticker": { "uuid": "f356b783-6441-4699-998a-e87f27cee863", "symbol": "8147", "name": "Nextronics Engineering Corp.", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 78.267, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -35.625, "architecture_energy": 59.597, "architecture_maturity": 16.152, "architecture_confidence": 70.251, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 26.63, "rotation_up": 17.21, "upward_expansion": 21.47, "deceleration": 43.45, "rotation_down": 66.64, "downward_expansion": 60.81 }, "activity_lines": [ 121.5, 128.678533, 140.763234, 142.189976 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 121.0, "trend_reference": 138.586503, "distance_from_trend": -0.126899, "trend_direction": "Improving", "fair_value": 107.816936, "distance_from_fair_value": 0.122273, "fair_value_direction": "Weakening", "relative_strength": -29.625633, "relative_strength_direction": "Weakening", "price_momentum": 0.028349, "excess_performance": -0.413023, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.126899, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.086989, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.122273, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.707086, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.296256, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.394636, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.028349, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.432293, "read": "Supply-led" } ], "volume": { "latest": 986285, "relative_activity": 0.269965, "balance": 0.432293, "dry_up": 0.334529, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.146607, "annualized_volatility": 0.613732, "from_high_reference": -0.37518, "from_low_reference": 0.31699 }, "levels": { "trend_reference": 138.586503, "fair_value_reference": 107.816936, "structural_low": 105.0, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.056338, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.040507, "regime_survival": 0.4, "best_return": 0.162562, "worst_return": -0.085586, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.013514, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.047942, "regime_survival": 0.0, "best_return": 0.271357, "worst_return": -0.029488, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.131955, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.026852, "regime_survival": 0.0, "best_return": 0.658291, "worst_return": -0.099099, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.146144, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.013452, "regime_survival": 0.0, "best_return": 0.328655, "worst_return": -0.036367, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-10-25", "tenure": "Developing", "return": -0.131579, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-01", "end": "2024-11-29", "tenure": "Developing", "return": -0.085586, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-02-21", "tenure": "Developing", "return": 0.084507, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.359363, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.227863, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.038194, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": 0.069767, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-21", "tenure": "Established", "return": -0.143891, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": 0.070352, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-01-30", "tenure": "Developing", "return": -0.061033, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-06", "tenure": "New", "return": 0.054167, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-06-12", "tenure": "Established", "return": 0.123552, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-07-24", "tenure": "Developing", "return": -0.133301, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-14", "tenure": "New", "return": 0.080357, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 63.946598, "volume": 898000, "typical_volume": 2388250.0, "trend": 61.060053, "fair_value": 48.410964, "relative_strength": 2.134514, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.995098, "energy": 18.544455, "activity_lines": [ 65.189749, 65.936193, 63.967387, 62.713809 ] }, { "date": "2023-08-18", "close": 63.764668, "volume": 426000, "typical_volume": 2167450.0, "trend": 61.323844, "fair_value": 48.586955, "relative_strength": 2.78438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.155798, "energy": 16.359876, "activity_lines": [ 64.66823, 65.468149, 64.083039, 62.888301 ] }, { "date": "2023-08-25", "close": 64.128525, "volume": 463000, "typical_volume": 2153450.0, "trend": 61.614924, "fair_value": 48.762732, "relative_strength": 2.292242, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.40868, "energy": 14.541061, "activity_lines": [ 64.346831, 64.978606, 64.232478, 63.069248 ] }, { "date": "2023-09-01", "close": 64.401413, "volume": 239000, "typical_volume": 2133600.0, "trend": 61.73924, "fair_value": 48.93036, "relative_strength": 1.279428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.045832, "energy": 14.645358, "activity_lines": [ 64.177036, 64.644527, 64.396211, 63.249021 ] }, { "date": "2023-09-08", "close": 68.609863, "volume": 3409000, "typical_volume": 2268800.0, "trend": 62.100864, "fair_value": 49.140521, "relative_strength": 7.804341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.882829, "energy": 22.796446, "activity_lines": [ 65.634432, 65.336931, 64.944722, 63.692287 ] }, { "date": "2023-09-15", "close": 74.469109, "volume": 4751000, "typical_volume": 2485500.0, "trend": 62.657796, "fair_value": 49.380887, "relative_strength": 13.926049, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.924763, "energy": 51.282773, "activity_lines": [ 68.80073, 67.031365, 66.007825, 64.490239 ] }, { "date": "2023-09-22", "close": 73.146049, "volume": 1649000, "typical_volume": 2556800.0, "trend": 63.17669, "fair_value": 49.616166, "relative_strength": 15.134541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.868108, "energy": 65.134823, "activity_lines": [ 70.824508, 68.293925, 66.865795, 65.1669 ] }, { "date": "2023-09-29", "close": 72.295509, "volume": 823000, "typical_volume": 2570650.0, "trend": 63.597495, "fair_value": 49.84769, "relative_strength": 13.142936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.30217, "energy": 72.283007, "activity_lines": [ 71.939347, 69.252771, 67.567766, 65.755211 ] }, { "date": "2023-10-06", "close": 71.444969, "volume": 2880000, "typical_volume": 2696850.0, "trend": 64.056654, "fair_value": 50.078003, "relative_strength": 10.24798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.952735, "energy": 69.547285, "activity_lines": [ 72.226207, 69.925021, 68.106095, 66.2615 ] }, { "date": "2023-10-13", "close": 67.759315, "volume": 1006000, "typical_volume": 2729100.0, "trend": 64.359606, "fair_value": 50.292893, "relative_strength": 2.800461, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.971312, "energy": 45.58263, "activity_lines": [ 70.814946, 69.86028, 68.225216, 66.500381 ] }, { "date": "2023-10-20", "close": 67.38131, "volume": 1001000, "typical_volume": 2570750.0, "trend": 64.613572, "fair_value": 50.504511, "relative_strength": 4.329538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.464132, "energy": 22.906719, "activity_lines": [ 69.334386, 69.675682, 68.250764, 66.69533 ] }, { "date": "2023-10-27", "close": 68.515358, "volume": 2875000, "typical_volume": 2689350.0, "trend": 64.777993, "fair_value": 50.720287, "relative_strength": 8.480782, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.934702, "energy": 17.461948, "activity_lines": [ 68.704361, 69.634825, 68.343704, 66.947058 ] }, { "date": "2023-11-03", "close": 69.838417, "volume": 662000, "typical_volume": 2228450.0, "trend": 65.050189, "fair_value": 50.941717, "relative_strength": 8.304666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.114111, "energy": 18.617492, "activity_lines": [ 68.82407, 69.748147, 68.517069, 67.273537 ] }, { "date": "2023-11-10", "close": 66.625282, "volume": 814000, "typical_volume": 1899900.0, "trend": 65.236505, "fair_value": 51.146508, "relative_strength": 2.583638, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.417679, "energy": 14.893153, "activity_lines": [ 68.036539, 69.173447, 68.384954, 67.375156 ] }, { "date": "2023-11-17", "close": 68.042831, "volume": 594000, "typical_volume": 1587600.0, "trend": 65.521618, "fair_value": 51.36265, "relative_strength": 1.709543, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.695849, "energy": 13.291484, "activity_lines": [ 68.042837, 68.81605, 68.445692, 67.556209 ] }, { "date": "2023-11-24", "close": 68.704353, "volume": 528000, "typical_volume": 1475650.0, "trend": 65.883359, "fair_value": 51.583597, "relative_strength": 2.220359, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.39504, "energy": 12.280348, "activity_lines": [ 68.250742, 68.589238, 68.555558, 67.761547 ] }, { "date": "2023-12-01", "close": 69.932922, "volume": 605000, "typical_volume": 1413500.0, "trend": 66.301214, "fair_value": 51.811288, "relative_strength": 2.951679, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.658849, "energy": 13.822711, "activity_lines": [ 68.779966, 68.690617, 68.759774, 68.022809 ] }, { "date": "2023-12-08", "close": 68.987877, "volume": 277000, "typical_volume": 1343150.0, "trend": 66.769432, "fair_value": 52.034619, "relative_strength": 1.758554, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.727096, "energy": 15.744064, "activity_lines": [ 68.899672, 68.67859, 68.850244, 68.196142 ] }, { "date": "2023-12-15", "close": 68.987877, "volume": 233000, "typical_volume": 1286650.0, "trend": 67.164881, "fair_value": 52.256535, "relative_strength": 0.061965, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.915496, "energy": 17.354035, "activity_lines": [ 69.07608, 68.726702, 68.921905, 68.339268 ] }, { "date": "2023-12-22", "close": 69.460396, "volume": 219000, "typical_volume": 1217600.0, "trend": 67.624594, "fair_value": 52.481198, "relative_strength": 1.14123, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.740654, "energy": 22.635989, "activity_lines": [ 69.252488, 68.9054, 69.032755, 68.487365 ] }, { "date": "2023-12-29", "close": 69.743904, "volume": 236000, "typical_volume": 1184500.0, "trend": 67.987634, "fair_value": 52.707112, "relative_strength": -0.339462, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.92841, "energy": 24.468417, "activity_lines": [ 69.428894, 69.104717, 69.149115, 68.624095 ] }, { "date": "2024-01-05", "close": 68.798866, "volume": 83000, "typical_volume": 1167350.0, "trend": 68.316141, "fair_value": 52.927817, "relative_strength": 0.590403, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.482658, "energy": 18.71603, "activity_lines": [ 69.220984, 69.089252, 69.147864, 68.676432 ] }, { "date": "2024-01-12", "close": 68.515358, "volume": 308000, "typical_volume": 1159600.0, "trend": 68.268316, "fair_value": 53.148401, "relative_strength": 0.205121, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.832583, "energy": 10.371452, "activity_lines": [ 68.994176, 69.017086, 69.09564, 68.689285 ] }, { "date": "2024-01-19", "close": 68.987877, "volume": 207029, "typical_volume": 1158001.45, "trend": 67.942129, "fair_value": 53.357874, "relative_strength": -0.132381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.162059, "energy": 8.436654, "activity_lines": [ 68.956375, 69.054888, 69.067529, 68.735708 ] }, { "date": "2024-01-26", "close": 75.036133, "volume": 3739000, "typical_volume": 1174501.45, "trend": 68.272363, "fair_value": 53.589714, "relative_strength": 6.489502, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.022778, "energy": 51.699997, "activity_lines": [ 70.934659, 70.149416, 69.593601, 69.193386 ] }, { "date": "2024-02-02", "close": 77.209709, "volume": 4152000, "typical_volume": 1144551.45, "trend": 68.714467, "fair_value": 53.821063, "relative_strength": 8.973503, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.815394, "energy": 74.970777, "activity_lines": [ 73.265753, 71.511989, 70.29608, 69.769989 ] }, { "date": "2024-02-09", "close": 77.965744, "volume": 400000, "typical_volume": 1082101.45, "trend": 69.148419, "fair_value": 54.074228, "relative_strength": 9.497345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.793006, "energy": 85.77828, "activity_lines": [ 75.351138, 72.857381, 71.057511, 70.366846 ] }, { "date": "2024-02-16", "close": 94.220428, "volume": 6804000, "typical_volume": 1381151.45, "trend": 70.121162, "fair_value": 54.429893, "relative_strength": 27.858121, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.080336, "energy": 97.735434, "activity_lines": [ 82.243626, 77.012118, 73.344056, 71.984395 ] }, { "date": "2024-02-23", "close": 121.437561, "volume": 20117000, "typical_volume": 2243001.45, "trend": 71.91018, "fair_value": 54.962572, "relative_strength": 60.220061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 98.464849, "energy": 99.293652, "activity_lines": [ 96.49482, 85.656651, 78.118305, 75.29513 ] }, { "date": "2024-03-01", "close": 120.492516, "volume": 8287000, "typical_volume": 2607051.45, "trend": 73.761691, "fair_value": 55.486365, "relative_strength": 56.673467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.798812, "energy": 99.180716, "activity_lines": [ 106.934354, 93.175727, 82.56449, 78.429474 ] }, { "date": "2024-03-08", "close": 119.074959, "volume": 8275000, "typical_volume": 2970751.45, "trend": 75.599303, "fair_value": 55.998525, "relative_strength": 46.58421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.203131, "energy": 94.414769, "activity_lines": [ 113.870943, 99.509209, 86.624559, 81.352911 ] }, { "date": "2024-03-15", "close": 105.844414, "volume": 9024000, "typical_volume": 3278201.45, "trend": 77.001961, "fair_value": 56.433228, "relative_strength": 30.015044, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.41582, "energy": 81.658998, "activity_lines": [ 113.606334, 102.540208, 89.178416, 83.304208 ] }, { "date": "2024-03-22", "close": 125.21772, "volume": 9548000, "typical_volume": 3722501.45, "trend": 79.038268, "fair_value": 56.996643, "relative_strength": 47.985885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.311533, "energy": 72.69342, "activity_lines": [ 117.940915, 108.420072, 93.399592, 86.414902 ] }, { "date": "2024-03-29", "close": 123.800156, "volume": 9971000, "typical_volume": 4180351.45, "trend": 81.018226, "fair_value": 57.552386, "relative_strength": 44.444551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.14791, "energy": 68.708632, "activity_lines": [ 119.736489, 113.011245, 97.222051, 89.302766 ] }, { "date": "2024-04-05", "close": 125.690231, "volume": 8523000, "typical_volume": 4576801.45, "trend": 82.920905, "fair_value": 58.121658, "relative_strength": 44.83113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.111472, "energy": 66.32681, "activity_lines": [ 122.004582, 116.949481, 100.952256, 92.184831 ] }, { "date": "2024-04-12", "close": 110.569611, "volume": 3606000, "typical_volume": 4730701.45, "trend": 84.124255, "fair_value": 58.597115, "relative_strength": 24.117228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.539193, "energy": 56.549985, "activity_lines": [ 118.885953, 117.217529, 102.96789, 93.968619 ] }, { "date": "2024-04-19", "close": 96.394012, "volume": 4687000, "typical_volume": 4934801.45, "trend": 84.899187, "fair_value": 58.978308, "relative_strength": 14.331516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.720743, "energy": 36.315628, "activity_lines": [ 111.609149, 114.301652, 103.434109, 94.760216 ] }, { "date": "2024-04-26", "close": 93.08638, "volume": 3876000, "typical_volume": 5114751.45, "trend": 85.592216, "fair_value": 59.338581, "relative_strength": 6.718259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.820083, "energy": 23.507947, "activity_lines": [ 103.859827, 110.449329, 103.45931, 95.288422 ] }, { "date": "2024-05-03", "close": 95.921501, "volume": 2303000, "typical_volume": 5218251.45, "trend": 86.408101, "fair_value": 59.713635, "relative_strength": 8.331512, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.097137, "energy": 27.335681, "activity_lines": [ 99.197634, 107.1331, 103.639768, 95.954827 ] }, { "date": "2024-05-10", "close": 98.756615, "volume": 8620000, "typical_volume": 5638301.45, "trend": 87.441344, "fair_value": 60.110539, "relative_strength": 8.905846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.294473, "energy": 24.365824, "activity_lines": [ 97.339057, 104.796276, 103.961982, 96.751506 ] }, { "date": "2024-05-17", "close": 97.33905, "volume": 2023000, "typical_volume": 5727651.45, "trend": 88.439935, "fair_value": 60.498921, "relative_strength": 4.088596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.952249, "energy": 18.128611, "activity_lines": [ 96.803532, 102.59691, 104.009683, 97.390067 ] }, { "date": "2024-05-24", "close": 106.789452, "volume": 3009000, "typical_volume": 5873951.45, "trend": 89.715738, "fair_value": 60.953257, "relative_strength": 11.797594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.927892, "energy": 14.020887, "activity_lines": [ 100.300179, 102.510998, 104.826017, 98.573907 ] }, { "date": "2024-05-31", "close": 116.239845, "volume": 19003000, "typical_volume": 6808701.45, "trend": 91.262453, "fair_value": 61.463647, "relative_strength": 22.889499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.240382, "energy": 26.016571, "activity_lines": [ 106.253928, 104.126157, 106.361482, 100.28514 ] }, { "date": "2024-06-07", "close": 123.800156, "volume": 16018000, "typical_volume": 7599250.0, "trend": 93.168282, "fair_value": 62.025894, "relative_strength": 25.610627, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.716555, "energy": 51.96072, "activity_lines": [ 113.184215, 107.279152, 108.389716, 102.384346 ] }, { "date": "2024-06-14", "close": 120.965042, "volume": 8073000, "typical_volume": 7815950.0, "trend": 94.932355, "fair_value": 62.568554, "relative_strength": 18.537142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.535978, "energy": 67.818046, "activity_lines": [ 117.310888, 109.916671, 109.886928, 104.177686 ] }, { "date": "2024-06-21", "close": 125.21772, "volume": 11809000, "typical_volume": 8198800.0, "trend": 96.816134, "fair_value": 63.135363, "relative_strength": 18.349453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.264298, "energy": 75.158589, "activity_lines": [ 121.374559, 113.413317, 111.570449, 106.13158 ] }, { "date": "2024-06-28", "close": 115.294807, "volume": 4898000, "typical_volume": 8423700.0, "trend": 98.328197, "fair_value": 63.639129, "relative_strength": 9.482379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.075084, "energy": 66.849609, "activity_lines": [ 120.272013, 114.839468, 112.08032, 107.323753 ] }, { "date": "2024-07-05", "close": 120.020004, "volume": 2653000, "typical_volume": 8216150.0, "trend": 100.029268, "fair_value": 64.1746, "relative_strength": 10.846231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.470828, "energy": 53.203075, "activity_lines": [ 120.17751, 116.781095, 112.862453, 108.723224 ] }, { "date": "2024-07-12", "close": 140.049316, "volume": 21859000, "typical_volume": 8303250.0, "trend": 102.397983, "fair_value": 64.822625, "relative_strength": 26.287363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.226099, "energy": 61.276394, "activity_lines": [ 126.507433, 121.874712, 115.429285, 111.305163 ] }, { "date": "2024-07-19", "close": 142.455658, "volume": 22777000, "typical_volume": 9027750.0, "trend": 104.831158, "fair_value": 65.486925, "relative_strength": 33.01239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.448414, "energy": 64.467186, "activity_lines": [ 132.556193, 126.603523, 118.136664, 113.889529 ] }, { "date": "2024-07-26", "close": 132.34903, "volume": 5885000, "typical_volume": 8908250.0, "trend": 106.917996, "fair_value": 66.087003, "relative_strength": 26.691957, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.721858, "energy": 60.247512, "activity_lines": [ 133.80337, 128.700236, 119.776921, 115.664875 ] }, { "date": "2024-08-02", "close": 124.167435, "volume": 7711000, "typical_volume": 8842600.0, "trend": 108.763615, "fair_value": 66.619647, "relative_strength": 20.578647, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.647298, "energy": 48.34193, "activity_lines": [ 131.847927, 128.672842, 120.574768, 116.777742 ] }, { "date": "2024-08-09", "close": 107.323013, "volume": 6085000, "typical_volume": 8669450.0, "trend": 110.057203, "fair_value": 66.991427, "relative_strength": 4.557281, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.761747, "energy": 18.368851, "activity_lines": [ 123.686168, 125.266862, 119.681133, 116.6848 ] }, { "date": "2024-08-16", "close": 128.017593, "volume": 6254000, "typical_volume": 8483600.0, "trend": 112.02486, "fair_value": 67.446654, "relative_strength": 18.927922, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.545245, "energy": 18.94496, "activity_lines": [ 123.269069, 125.785658, 120.843622, 117.843535 ] }, { "date": "2024-08-23", "close": 122.723633, "volume": 7174000, "typical_volume": 8416150.0, "trend": 113.614444, "fair_value": 67.961275, "relative_strength": 14.242479, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.797658, "energy": 18.857142, "activity_lines": [ 121.889432, 125.265234, 121.481842, 118.533779 ] }, { "date": "2024-08-30", "close": 132.34903, "volume": 9408000, "typical_volume": 8706250.0, "trend": 115.452421, "fair_value": 68.527699, "relative_strength": 21.593386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.665983, "energy": 19.515813, "activity_lines": [ 125.033728, 126.462909, 123.050893, 119.742462 ] }, { "date": "2024-09-06", "close": 122.723633, "volume": 5008000, "typical_volume": 8722300.0, "trend": 116.944351, "fair_value": 69.035302, "relative_strength": 16.404868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.968357, "energy": 18.94199, "activity_lines": [ 124.969559, 125.780851, 123.599528, 120.211572 ] }, { "date": "2024-09-13", "close": 135.236633, "volume": 9602000, "typical_volume": 9008600.0, "trend": 118.311558, "fair_value": 69.586266, "relative_strength": 25.470979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.637957, "energy": 29.387163, "activity_lines": [ 129.172643, 127.238814, 125.214499, 121.391719 ] }, { "date": "2024-09-20", "close": 137.642975, "volume": 6044000, "typical_volume": 9195650.0, "trend": 118.851738, "fair_value": 70.164653, "relative_strength": 24.560091, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.682187, "energy": 40.769244, "activity_lines": [ 132.316933, 128.857628, 126.857929, 122.638908 ] }, { "date": "2024-09-27", "close": 121.279831, "volume": 10575000, "typical_volume": 9293400.0, "trend": 118.877982, "fair_value": 70.646147, "relative_strength": 6.196372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.607266, "energy": 23.036599, "activity_lines": [ 129.36515, 127.545077, 126.744291, 122.795559 ] }, { "date": "2024-10-04", "close": 115.985863, "volume": 2243000, "typical_volume": 9304400.0, "trend": 118.775012, "fair_value": 71.098275, "relative_strength": 3.58043, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.668179, "energy": 7.864117, "activity_lines": [ 124.744964, 125.655001, 126.019212, 122.60897 ] }, { "date": "2024-10-11", "close": 115.985863, "volume": 1778000, "typical_volume": 9242850.0, "trend": 119.11306, "fair_value": 71.567258, "relative_strength": 0.476311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.664648, "energy": 8.695922, "activity_lines": [ 121.215656, 124.062437, 125.205338, 122.429025 ] }, { "date": "2024-10-18", "close": 117.910942, "volume": 4420000, "typical_volume": 8513700.0, "trend": 118.869501, "fair_value": 72.041439, "relative_strength": -0.751908, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.68823, "energy": 17.286048, "activity_lines": [ 118.777226, 122.968644, 124.531013, 122.351469 ] }, { "date": "2024-10-25", "close": 111.173172, "volume": 2079000, "typical_volume": 7816750.0, "trend": 118.448602, "fair_value": 72.474429, "relative_strength": -6.050807, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.850897, "energy": 31.58892, "activity_lines": [ 115.247918, 120.457293, 123.207038, 121.854932 ] }, { "date": "2024-11-01", "close": 106.841751, "volume": 1232000, "typical_volume": 7474700.0, "trend": 117.820319, "fair_value": 72.884509, "relative_strength": -7.619493, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.796954, "energy": 44.084549, "activity_lines": [ 112.039457, 117.464674, 121.530676, 121.106103 ] }, { "date": "2024-11-08", "close": 108.76683, "volume": 919000, "typical_volume": 6930200.0, "trend": 117.760226, "fair_value": 73.310072, "relative_strength": -9.259128, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.205154, "energy": 48.508499, "activity_lines": [ 110.435228, 115.11083, 120.104908, 120.522007 ] }, { "date": "2024-11-15", "close": 101.066521, "volume": 1196000, "typical_volume": 6745100.0, "trend": 117.915976, "fair_value": 73.660279, "relative_strength": -12.837493, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.943142, "energy": 59.168197, "activity_lines": [ 106.745498, 111.785698, 118.024114, 119.444994 ] }, { "date": "2024-11-22", "close": 99.141449, "volume": 948125, "typical_volume": 6659856.25, "trend": 118.117812, "fair_value": 74.00843, "relative_strength": -15.214095, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.516518, "energy": 62.670639, "activity_lines": [ 103.4087, 108.504318, 115.827735, 118.233734 ] }, { "date": "2024-11-29", "close": 97.697632, "volume": 2272000, "typical_volume": 5680506.25, "trend": 118.177016, "fair_value": 74.343326, "relative_strength": -14.162368, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.652523, "energy": 74.372244, "activity_lines": [ 100.841929, 105.616702, 113.59327, 116.916303 ] }, { "date": "2024-12-06", "close": 102.510323, "volume": 2605000, "typical_volume": 4671906.25, "trend": 118.30214, "fair_value": 74.707359, "relative_strength": -13.694886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.824634, "energy": 71.027174, "activity_lines": [ 100.777757, 104.3304, 112.018832, 115.905548 ] }, { "date": "2024-12-13", "close": 101.066521, "volume": 792000, "typical_volume": 4417256.25, "trend": 118.426389, "fair_value": 75.056995, "relative_strength": -14.428233, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.173077, "energy": 67.369944, "activity_lines": [ 100.521081, 103.122852, 110.497105, 114.793573 ] }, { "date": "2024-12-20", "close": 98.660172, "volume": 784000, "typical_volume": 4070906.25, "trend": 118.155413, "fair_value": 75.388349, "relative_strength": -14.711454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.4588, "energy": 58.722472, "activity_lines": [ 99.975642, 101.749047, 108.895166, 113.518333 ] }, { "date": "2024-12-27", "close": 113.579521, "volume": 3593000, "typical_volume": 3946306.25, "trend": 118.066736, "fair_value": 75.818197, "relative_strength": -5.39358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.984626, "energy": 29.636139, "activity_lines": [ 104.563742, 103.402863, 108.83558, 113.223114 ] }, { "date": "2025-01-03", "close": 105.397942, "volume": 1879000, "typical_volume": 3727556.25, "trend": 117.453328, "fair_value": 76.141323, "relative_strength": -11.024066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.796089, "energy": 24.642311, "activity_lines": [ 105.462112, 103.647873, 107.967004, 112.405773 ] }, { "date": "2025-01-10", "close": 97.697632, "volume": 1470000, "typical_volume": 3442356.25, "trend": 116.677748, "fair_value": 76.408804, "relative_strength": -17.99738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.405035, "energy": 29.165682, "activity_lines": [ 103.280357, 102.59783, 106.472777, 111.131212 ] }, { "date": "2025-01-17", "close": 98.178902, "volume": 613000, "typical_volume": 3002606.25, "trend": 115.776454, "fair_value": 76.697081, "relative_strength": -18.18159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.175798, "energy": 32.335279, "activity_lines": [ 101.579872, 101.801548, 105.143557, 109.937738 ] }, { "date": "2025-01-24", "close": 102.991592, "volume": 454000, "typical_volume": 2774906.25, "trend": 115.366347, "fair_value": 77.012781, "relative_strength": -15.612655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.264569, "energy": 34.194688, "activity_lines": [ 101.676125, 102.072808, 104.435403, 109.112908 ] }, { "date": "2025-02-07", "close": 105.397942, "volume": 617209, "typical_volume": 2325666.7, "trend": 114.878945, "fair_value": 77.321053, "relative_strength": -13.536171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.061763, "energy": 31.340607, "activity_lines": [ 102.285733, 102.746585, 104.050388, 108.469785 ] }, { "date": "2025-02-14", "close": 102.510323, "volume": 409205, "typical_volume": 2043926.95, "trend": 113.627645, "fair_value": 77.629668, "relative_strength": -14.759804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.633227, "energy": 26.578534, "activity_lines": [ 102.47824, 102.781586, 103.53245, 107.671809 ] }, { "date": "2025-02-21", "close": 111.173172, "volume": 1231660, "typical_volume": 1576759.95, "trend": 112.584896, "fair_value": 77.97439, "relative_strength": -9.680003, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.386233, "energy": 9.433746, "activity_lines": [ 105.750871, 104.304147, 104.006844, 107.513456 ] }, { "date": "2025-02-28", "close": 120.798553, "volume": 9189194, "typical_volume": 1924069.65, "trend": 112.19988, "fair_value": 78.372243, "relative_strength": 1.469554, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.794963, "energy": 19.577043, "activity_lines": [ 111.333593, 107.419271, 105.446068, 108.04337 ] }, { "date": "2025-03-07", "close": 114.542053, "volume": 16751448, "typical_volume": 2672742.05, "trend": 111.879034, "fair_value": 78.734561, "relative_strength": -1.278423, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.400812, "energy": 24.022534, "activity_lines": [ 113.322839, 109.038085, 106.266517, 108.194478 ] }, { "date": "2025-03-14", "close": 104.43541, "volume": 4085394, "typical_volume": 2656011.75, "trend": 111.78278, "fair_value": 79.032093, "relative_strength": -7.058147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.38325, "energy": 17.682041, "activity_lines": [ 111.173173, 108.530566, 106.131304, 107.714244 ] }, { "date": "2025-03-21", "close": 105.879211, "volume": 1108132, "typical_volume": 2607468.35, "trend": 111.044834, "fair_value": 79.350306, "relative_strength": -6.581622, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.695599, "energy": 12.906008, "activity_lines": [ 109.568942, 108.451813, 106.197765, 107.333368 ] }, { "date": "2025-03-28", "close": 102.510323, "volume": 1792106, "typical_volume": 2635473.65, "trend": 110.371057, "fair_value": 79.650923, "relative_strength": -6.506899, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.739757, "energy": 17.042042, "activity_lines": [ 106.617157, 107.751785, 105.968589, 106.782755 ] }, { "date": "2025-04-04", "close": 99.141449, "volume": 847075, "typical_volume": 2631877.4, "trend": 109.264138, "fair_value": 79.912805, "relative_strength": -7.78097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.925675, "energy": 29.882055, "activity_lines": [ 103.119936, 106.35173, 105.439193, 106.058264 ] }, { "date": "2025-04-11", "close": 77.388077, "volume": 1892322, "typical_volume": 2666693.5, "trend": 107.752953, "fair_value": 80.031815, "relative_strength": -20.824232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -82.56916, "energy": 69.022662, "activity_lines": [ 93.815399, 100.979017, 102.883883, 104.001744 ] }, { "date": "2025-04-18", "close": 81.526985, "volume": 1059150, "typical_volume": 2672244.75, "trend": 105.962631, "fair_value": 80.187068, "relative_strength": -15.648767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.79415, "energy": 78.839232, "activity_lines": [ 88.367429, 96.82435, 100.835509, 102.309746 ] }, { "date": "2025-04-25", "close": 84.029594, "volume": 551017, "typical_volume": 2586195.6, "trend": 104.175518, "fair_value": 80.367505, "relative_strength": -14.916869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.76213, "energy": 77.631235, "activity_lines": [ 85.280891, 93.558721, 99.109358, 100.894711 ] }, { "date": "2025-05-02", "close": 94.328751, "volume": 774079, "typical_volume": 2494649.55, "trend": 103.277149, "fair_value": 80.612819, "relative_strength": -8.660899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.51361, "energy": 71.616665, "activity_lines": [ 87.084046, 92.501678, 98.429164, 100.259436 ] }, { "date": "2025-05-09", "close": 96.25383, "volume": 1623704, "typical_volume": 2536234.75, "trend": 102.619415, "fair_value": 80.874473, "relative_strength": -7.322936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.379257, "energy": 40.425281, "activity_lines": [ 90.074332, 92.100913, 97.971271, 99.806319 ] }, { "date": "2025-05-16", "close": 100.585251, "volume": 948581, "typical_volume": 2544463.8, "trend": 102.106061, "fair_value": 81.155894, "relative_strength": -7.210845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.761228, "energy": 19.578382, "activity_lines": [ 94.700933, 92.933946, 97.948812, 99.675082 ] }, { "date": "2025-05-23", "close": 102.02906, "volume": 340279, "typical_volume": 2381827.75, "trend": 101.576665, "fair_value": 81.456282, "relative_strength": -5.095759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.513399, "energy": 19.356463, "activity_lines": [ 98.262326, 94.28325, 98.054691, 99.670114 ] }, { "date": "2025-05-30", "close": 101.066521, "volume": 421156, "typical_volume": 2308935.55, "trend": 101.239776, "fair_value": 81.749358, "relative_strength": -4.567799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.139175, "energy": 20.695343, "activity_lines": [ 100.136067, 95.501299, 98.123903, 99.637202 ] }, { "date": "2025-06-06", "close": 100.103981, "volume": 530804, "typical_volume": 2261975.75, "trend": 101.015184, "fair_value": 82.046547, "relative_strength": -6.529543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.092258, "energy": 21.268352, "activity_lines": [ 100.553167, 96.631844, 98.122069, 99.563925 ] }, { "date": "2025-06-13", "close": 100.585251, "volume": 2144966, "typical_volume": 2338574.05, "trend": 100.742465, "fair_value": 82.343965, "relative_strength": -7.435971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.258626, "energy": 11.860354, "activity_lines": [ 100.745674, 97.893644, 98.154612, 99.536187 ] }, { "date": "2025-06-20", "close": 102.02906, "volume": 2303744, "typical_volume": 2431061.25, "trend": 100.774549, "fair_value": 82.649496, "relative_strength": -5.716284, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.226915, "energy": 13.740638, "activity_lines": [ 101.13069, 99.391704, 98.313202, 99.619193 ] }, { "date": "2025-06-27", "close": 103.95414, "volume": 1095124, "typical_volume": 2454957.0, "trend": 100.934972, "fair_value": 82.991933, "relative_strength": -5.922691, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.160272, "energy": 15.375904, "activity_lines": [ 102.061145, 100.791761, 98.659717, 99.824328 ] }, { "date": "2025-07-04", "close": 102.510323, "volume": 684267, "typical_volume": 2468710.1, "trend": 101.095395, "fair_value": 83.334827, "relative_strength": -6.927259, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.446624, "energy": 14.293142, "activity_lines": [ 102.381989, 101.521539, 98.8756, 99.925964 ] }, { "date": "2025-07-11", "close": 104.427048, "volume": 698316, "typical_volume": 2442042.9, "trend": 101.159286, "fair_value": 83.703719, "relative_strength": -5.848014, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.53349, "energy": 27.522876, "activity_lines": [ 103.245488, 102.263799, 99.274028, 100.140909 ] }, { "date": "2025-07-18", "close": 105.407585, "volume": 564750, "typical_volume": 2010820.7, "trend": 101.303988, "fair_value": 84.089752, "relative_strength": -7.038759, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.436778, "energy": 32.554263, "activity_lines": [ 104.147628, 103.000733, 99.797965, 100.414993 ] }, { "date": "2025-07-25", "close": 102.956245, "volume": 525483, "typical_volume": 1199522.45, "trend": 101.447191, "fair_value": 84.461214, "relative_strength": -8.466177, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.102834, "energy": 24.088227, "activity_lines": [ 103.911166, 103.125537, 100.161732, 100.52159 ] }, { "date": "2025-08-01", "close": 100.995172, "volume": 644510, "typical_volume": 1027478.25, "trend": 101.027713, "fair_value": 84.814392, "relative_strength": -9.875313, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 13.324851, "energy": 12.148651, "activity_lines": [ 102.959201, 102.850674, 100.3939, 100.492427 ] }, { "date": "2025-08-08", "close": 107.858925, "volume": 1185495, "typical_volume": 1031346.4, "trend": 101.109745, "fair_value": 85.202998, "relative_strength": -5.62814, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.252701, "energy": 22.690778, "activity_lines": [ 104.492418, 103.842563, 101.296142, 100.933151 ] }, { "date": "2025-08-15", "close": 112.761604, "volume": 1894497, "typical_volume": 1036465.95, "trend": 101.611878, "fair_value": 85.62189, "relative_strength": -2.464475, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.845272, "energy": 50.549049, "activity_lines": [ 107.303287, 105.602351, 102.655877, 101.684884 ] }, { "date": "2025-08-22", "close": 108.34919, "volume": 772028, "typical_volume": 1032713.6, "trend": 101.950887, "fair_value": 86.014781, "relative_strength": -3.577003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.93781, "energy": 50.014383, "activity_lines": [ 108.087715, 106.329742, 103.546567, 102.119549 ] }, { "date": "2025-08-29", "close": 110.310265, "volume": 774220, "typical_volume": 976808.5, "trend": 102.194843, "fair_value": 86.423101, "relative_strength": -3.342394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.311824, "energy": 61.098657, "activity_lines": [ 109.329728, 107.272531, 104.58018, 102.658864 ] }, { "date": "2025-09-05", "close": 113.742142, "volume": 1301361, "typical_volume": 988919.05, "trend": 102.472983, "fair_value": 86.857419, "relative_strength": -0.873029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.391108, "energy": 63.153075, "activity_lines": [ 111.225432, 108.688729, 105.783866, 103.403851 ] }, { "date": "2025-09-12", "close": 109.82, "volume": 2146145, "typical_volume": 1068675.45, "trend": 102.716639, "fair_value": 87.266023, "relative_strength": -7.43585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.536415, "energy": 43.723817, "activity_lines": [ 110.963956, 109.213848, 106.46061, 103.877852 ] }, { "date": "2025-09-19", "close": 113.742142, "volume": 2407928, "typical_volume": 1150367.9, "trend": 102.802271, "fair_value": 87.698345, "relative_strength": -3.816508, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.259683, "energy": 45.298059, "activity_lines": [ 111.879124, 110.319179, 107.388079, 104.589175 ] }, { "date": "2025-09-26", "close": 113.742142, "volume": 1756106, "typical_volume": 1156988.0, "trend": 102.567058, "fair_value": 88.126003, "relative_strength": -3.112524, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.831364, "energy": 41.35657, "activity_lines": [ 112.728922, 111.255146, 108.223103, 105.294973 ] }, { "date": "2025-10-03", "close": 113.742142, "volume": 833454, "typical_volume": 1151231.65, "trend": 102.540394, "fair_value": 88.550162, "relative_strength": -6.972708, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.970252, "energy": 37.386537, "activity_lines": [ 113.21919, 112.039575, 108.974849, 106.015946 ] }, { "date": "2025-10-10", "close": 115.703209, "volume": 981351, "typical_volume": 1183285.25, "trend": 102.915987, "fair_value": 88.988641, "relative_strength": -6.866112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.473324, "energy": 39.919437, "activity_lines": [ 114.134355, 112.984454, 109.850713, 106.86516 ] }, { "date": "2025-10-17", "close": 114.722672, "volume": 1348070, "typical_volume": 1229630.95, "trend": 103.210769, "fair_value": 89.39168, "relative_strength": -7.319034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.160234, "energy": 36.075151, "activity_lines": [ 114.591937, 113.483635, 110.568076, 107.626881 ] }, { "date": "2025-10-24", "close": 113.742142, "volume": 553055, "typical_volume": 1230743.5, "trend": 103.585163, "fair_value": 89.779687, "relative_strength": -8.533537, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.212643, "energy": 32.954037, "activity_lines": [ 114.39583, 113.679743, 111.127027, 108.306325 ] }, { "date": "2025-10-31", "close": 110.310265, "volume": 1116897, "typical_volume": 1179340.05, "trend": 103.957457, "fair_value": 90.078639, "relative_strength": -13.180235, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.625501, "energy": 23.629997, "activity_lines": [ 113.055765, 113.234044, 111.294188, 108.740202 ] }, { "date": "2025-11-07", "close": 102.956245, "volume": 1563621, "typical_volume": 1142333.9, "trend": 104.809729, "fair_value": 90.356689, "relative_strength": -16.919631, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 16.048196, "energy": 11.045571, "activity_lines": [ 109.493151, 111.415596, 110.714657, 108.675608 ] }, { "date": "2025-11-14", "close": 97.955513, "volume": 607090, "typical_volume": 1117932.2, "trend": 105.357347, "fair_value": 90.593937, "relative_strength": -19.863944, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -25.673234, "energy": 24.575605, "activity_lines": [ 104.982686, 108.821633, 109.654451, 108.2334 ] }, { "date": "2025-11-21", "close": 92.758675, "volume": 608420, "typical_volume": 1114139.85, "trend": 105.648316, "fair_value": 90.807202, "relative_strength": -21.034035, "stage": 4, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -36.890744, "energy": 48.285126, "activity_lines": [ 99.923122, 105.56982, 108.127872, 107.420583 ] }, { "date": "2025-11-28", "close": 97.563301, "volume": 278400, "typical_volume": 1093144.05, "trend": 105.756135, "fair_value": 91.065259, "relative_strength": -20.251009, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.767046, "energy": 53.821528, "activity_lines": [ 97.929367, 103.501781, 107.105314, 106.898969 ] }, { "date": "2025-12-05", "close": 97.857468, "volume": 258000, "typical_volume": 1077806.55, "trend": 105.809589, "fair_value": 91.349109, "relative_strength": -20.71689, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.614142, "energy": 60.127839, "activity_lines": [ 97.112256, 101.781388, 106.143455, 106.389378 ] }, { "date": "2025-12-12", "close": 98.053566, "volume": 257334, "typical_volume": 1064399.1, "trend": 105.7252, "fair_value": 91.619639, "relative_strength": -20.844482, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.163513, "energy": 56.769063, "activity_lines": [ 97.190698, 100.385461, 105.236226, 105.888989 ] }, { "date": "2025-12-19", "close": 104.427048, "volume": 580021, "typical_volume": 1061174.65, "trend": 105.805133, "fair_value": 91.926359, "relative_strength": -13.938892, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.802332, "energy": 26.610944, "activity_lines": [ 99.720479, 100.433596, 104.959341, 105.805237 ] }, { "date": "2025-12-26", "close": 104.427048, "volume": 489435, "typical_volume": 1026371.65, "trend": 105.91715, "fair_value": 92.237162, "relative_strength": -16.262892, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -39.370873, "energy": 22.488038, "activity_lines": [ 101.818824, 100.686752, 104.666114, 105.716329 ] }, { "date": "2026-01-02", "close": 104.427048, "volume": 138098, "typical_volume": 938551.7, "trend": 106.061253, "fair_value": 92.550879, "relative_strength": -18.050666, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.67801, "energy": 20.550904, "activity_lines": [ 103.139278, 101.127101, 104.389229, 105.620193 ] }, { "date": "2026-01-09", "close": 102.465981, "volume": 469252, "typical_volume": 923412.9, "trend": 106.123944, "fair_value": 92.857274, "relative_strength": -21.660246, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.968073, "energy": 21.587251, "activity_lines": [ 103.34846, 101.380258, 103.965265, 105.38824 ] }, { "date": "2026-01-16", "close": 99.524376, "volume": 499345, "typical_volume": 909669.15, "trend": 106.040454, "fair_value": 93.136066, "relative_strength": -26.26833, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.329155, "energy": 20.150058, "activity_lines": [ 102.269873, 101.241201, 103.289162, 104.962461 ] }, { "date": "2026-01-23", "close": 98.543839, "volume": 499377, "typical_volume": 869569.95, "trend": 105.860111, "fair_value": 93.409738, "relative_strength": -27.883724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.232207, "energy": 29.707676, "activity_lines": [ 100.766386, 100.986262, 102.571037, 104.478809 ] }, { "date": "2026-01-30", "close": 98.053566, "volume": 623050, "typical_volume": 793415.2, "trend": 105.711552, "fair_value": 93.683183, "relative_strength": -28.044152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.848403, "energy": 40.115328, "activity_lines": [ 99.491688, 100.631486, 101.878592, 103.975161 ] }, { "date": "2026-02-06", "close": 117.664284, "volume": 3860122, "typical_volume": 866024.9, "trend": 106.152793, "fair_value": 94.048519, "relative_strength": -12.578689, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.392039, "energy": 9.03366, "activity_lines": [ 105.178796, 103.746024, 103.109864, 104.746305 ] }, { "date": "2026-02-13", "close": 126.489105, "volume": 7450471, "typical_volume": 1150743.15, "trend": 106.855511, "fair_value": 94.489083, "relative_strength": -10.850821, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.99164, "energy": 55.559997, "activity_lines": [ 112.925028, 108.099603, 105.16292, 106.058325 ] }, { "date": "2026-02-27", "close": 135.313919, "volume": 4754231, "typical_volume": 1346782.0, "trend": 107.9341, "fair_value": 94.986216, "relative_strength": -9.144479, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.86223, "energy": 78.597443, "activity_lines": [ 122.011323, 113.537118, 107.995733, 107.894351 ] }, { "date": "2026-03-06", "close": 124.037766, "volume": 2434591, "typical_volume": 1419444.0, "trend": 108.702186, "fair_value": 95.412232, "relative_strength": -11.59103, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.647515, "energy": 80.469727, "activity_lines": [ 124.95293, 116.246963, 109.651905, 108.933297 ] }, { "date": "2026-03-13", "close": 126.97937, "volume": 1467044, "typical_volume": 1425392.7, "trend": 109.339534, "fair_value": 95.843694, "relative_strength": -8.418108, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.702535, "energy": 80.368457, "activity_lines": [ 127.175478, 119.135086, 111.548541, 110.112471 ] }, { "date": "2026-03-20", "close": 141.687408, "volume": 4031750, "typical_volume": 1599327.45, "trend": 110.303728, "fair_value": 96.382266, "relative_strength": 2.002948, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.153857, "energy": 86.608402, "activity_lines": [ 132.372317, 124.287355, 114.787577, 112.19943 ] }, { "date": "2026-03-27", "close": 141.197144, "volume": 2032991, "typical_volume": 1645132.15, "trend": 111.39866, "fair_value": 96.911281, "relative_strength": 3.215195, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.783822, "energy": 71.935687, "activity_lines": [ 135.804194, 128.673025, 117.846849, 114.192554 ] }, { "date": "2026-04-03", "close": 134.333389, "volume": 1316175, "typical_volume": 1632759.85, "trend": 112.199431, "fair_value": 97.3893, "relative_strength": 0.115669, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.554436, "energy": 56.487129, "activity_lines": [ 135.967617, 131.106536, 120.10535, 115.672214 ] }, { "date": "2026-04-10", "close": 152.473297, "volume": 3211163, "typical_volume": 1762963.5, "trend": 113.490469, "fair_value": 97.959112, "relative_strength": 4.67673, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.80717, "energy": 66.880019, "activity_lines": [ 142.243044, 136.205321, 123.942046, 118.270528 ] }, { "date": "2026-04-17", "close": 158.846786, "volume": 4878183, "typical_volume": 1976451.65, "trend": 115.124695, "fair_value": 98.582024, "relative_strength": 4.770977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.18167, "energy": 69.657767, "activity_lines": [ 148.747265, 141.482387, 128.126132, 121.196742 ] }, { "date": "2026-04-24", "close": 160.807846, "volume": 6915476, "typical_volume": 2308305.45, "trend": 116.693552, "fair_value": 99.221588, "relative_strength": 0.301129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.252222, "energy": 63.97889, "activity_lines": [ 153.780679, 146.010677, 132.18228, 124.144042 ] }, { "date": "2026-05-01", "close": 162.768921, "volume": 5351207, "typical_volume": 2562965.8, "trend": 118.327778, "fair_value": 99.883636, "relative_strength": 1.561634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.413862, "energy": 69.583074, "activity_lines": [ 158.193089, 150.111099, 136.124034, 127.116646 ] }, { "date": "2026-05-08", "close": 151.492767, "volume": 5895176, "typical_volume": 2844857.9, "trend": 119.586132, "fair_value": 100.483897, "relative_strength": -11.185337, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.550568, "energy": 53.501557, "activity_lines": [ 157.408662, 151.501677, 138.682765, 129.256323 ] }, { "date": "2026-05-15", "close": 185.321243, "volume": 14961120, "typical_volume": 3563912.85, "trend": 121.906733, "fair_value": 101.303922, "relative_strength": 9.837983, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.617839, "energy": 62.764534, "activity_lines": [ 166.756435, 158.748727, 144.208784, 133.497298 ] }, { "date": "2026-05-22", "close": 172.084015, "volume": 5693401, "typical_volume": 3824111.15, "trend": 123.818778, "fair_value": 102.054837, "relative_strength": -0.401927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.069073, "energy": 55.731809, "activity_lines": [ 169.501936, 162.474763, 148.088904, 136.734542 ] }, { "date": "2026-05-29", "close": 172.57428, "volume": 4845741, "typical_volume": 4059493.3, "trend": 125.779849, "fair_value": 102.7949, "relative_strength": -5.24124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.406417, "energy": 52.796622, "activity_lines": [ 171.528376, 165.469854, 151.69354, 139.880058 ] }, { "date": "2026-06-05", "close": 161.788391, "volume": 3354749, "typical_volume": 4203768.15, "trend": 127.495787, "fair_value": 103.475152, "relative_strength": -11.350516, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.820817, "energy": 48.894476, "activity_lines": [ 169.175092, 165.942294, 153.946438, 142.20319 ] }, { "date": "2026-06-12", "close": 142.667938, "volume": 3703684, "typical_volume": 4363985.1, "trend": 128.81951, "fair_value": 104.012429, "relative_strength": -19.700409, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.864117, "energy": 27.900355, "activity_lines": [ 160.513691, 162.563902, 154.095852, 143.182038 ] }, { "date": "2026-06-19", "close": 143.648483, "volume": 1057813, "typical_volume": 4391906.9, "trend": 130.342609, "fair_value": 104.555409, "relative_strength": -22.601692, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.2072, "energy": 19.928977, "activity_lines": [ 152.767461, 159.212254, 154.133206, 144.138746 ] }, { "date": "2026-06-26", "close": 134.333389, "volume": 1547432, "typical_volume": 4438126.0, "trend": 131.728433, "fair_value": 104.968122, "relative_strength": -23.954986, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.192455, "energy": 18.437481, "activity_lines": [ 144.694384, 154.327404, 153.068625, 144.396216 ] }, { "date": "2026-07-03", "close": 152.963562, "volume": 2301705, "typical_volume": 4360205.15, "trend": 133.575108, "fair_value": 105.4437, "relative_strength": -16.959712, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.771016, "energy": 17.737319, "activity_lines": [ 145.348072, 153.275555, 153.605584, 145.766224 ] }, { "date": "2026-07-10", "close": 148.5, "volume": 1740945, "typical_volume": 4074728.85, "trend": 135.263193, "fair_value": 105.978129, "relative_strength": -16.328279, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.98849, "energy": 14.227229, "activity_lines": [ 145.821288, 151.554774, 153.549351, 146.72912 ] }, { "date": "2026-07-17", "close": 130.5, "volume": 1404932, "typical_volume": 3907263.9, "trend": 136.34474, "fair_value": 106.404753, "relative_strength": -21.2537, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.914534, "energy": 14.97845, "activity_lines": [ 141.180396, 146.8207, 151.674018, 146.421818 ] }, { "date": "2026-07-24", "close": 124.5, "volume": 1209011, "typical_volume": 3845984.9, "trend": 137.013839, "fair_value": 106.786502, "relative_strength": -25.959748, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.168589, "energy": 33.910646, "activity_lines": [ 135.350701, 141.377403, 149.25018, 145.657641 ] }, { "date": "2026-07-31", "close": 112.0, "volume": 1681342, "typical_volume": 3856699.8, "trend": 137.26627, "fair_value": 107.087539, "relative_strength": -31.952337, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.302552, "energy": 53.31594, "activity_lines": [ 126.630904, 134.76722, 145.633664, 144.043845 ] }, { "date": "2026-08-07", "close": 125.5, "volume": 1012000, "typical_volume": 3705712.3, "trend": 137.968702, "fair_value": 107.457623, "relative_strength": -25.101841, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.092388, "energy": 51.582889, "activity_lines": [ 123.9, 131.70402, 143.374194, 143.284731 ] }, { "date": "2026-08-14", "close": 121.0, "volume": 986285, "typical_volume": 3653377.0, "trend": 138.586503, "fair_value": 107.816936, "relative_strength": -29.625633, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.625013, "energy": 59.597166, "activity_lines": [ 121.5, 128.678533, 140.763234, 142.189976 ] } ], "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." } } }