{ "ticker": { "uuid": "f672d57e-b851-43e3-8e58-0eb7d7389c02", "symbol": "GULPOLY", "name": "Gulshan Polyols Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 58.47, "architecture_energy": 31.332, "architecture_maturity": 42.548, "architecture_confidence": 69.282, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 31.93, "rotation_up": 42.1, "upward_expansion": 74.25, "deceleration": 69.48, "rotation_down": 26.97, "downward_expansion": 5.58 }, "activity_lines": [ 196.167332, 195.038544, 192.110713, 184.635225 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 204.869995, "trend_reference": 172.830666, "distance_from_trend": 0.18538, "trend_direction": "Improving", "fair_value": 185.655119, "distance_from_fair_value": 0.103498, "fair_value_direction": "Improving", "relative_strength": 26.055352, "relative_strength_direction": "Improving", "price_momentum": 0.585068, "excess_performance": 0.628777, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.18538, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.115675, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.103498, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.108263, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.260554, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.046106, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.585068, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.496028, "read": "Demand-led" } ], "volume": { "latest": 7671960, "relative_activity": 3.273479, "balance": 4.496028, "dry_up": 2.787777, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.09451, "annualized_volatility": 0.51436, "from_high_reference": -0.099987, "from_low_reference": 0.686173 }, "levels": { "trend_reference": 172.830666, "fair_value_reference": 185.655119, "structural_low": 129.100006, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.009807, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": -0.033414, "regime_survival": 0.428571, "best_return": 0.12358, "worst_return": -0.272811, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.098434, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.057886, "regime_survival": 0.0, "best_return": 0.090063, "worst_return": -0.255853, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.008293, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.047993, "regime_survival": 0.25, "best_return": 0.396937, "worst_return": -0.186596, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.055693, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.322164, "regime_survival": 0.0, "best_return": 0.136274, "worst_return": -0.346944, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-10-11", "tenure": "Developing", "return": -0.144918, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2024-11-22", "tenure": "Developing", "return": -0.176218, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-29", "end": "2024-12-20", "tenure": "New", "return": -0.024156, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-04-18", "tenure": "Established", "return": 0.151865, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.098197, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": -0.022579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": -0.053022, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.014206, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2026-02-13", "tenure": "Extended", "return": -0.016089, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": 0.04936, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.082656, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.141877, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-17", "end": "2026-07-17", "tenure": "Established", "return": -0.024238, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.049969, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 196.090073, "volume": 1067803, "typical_volume": 826647.5, "trend": 209.758135, "fair_value": 183.914556, "relative_strength": -11.933017, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.621622, "energy": 40.740818, "activity_lines": [ 202.531923, 217.445249, 222.463627, 217.394021 ] }, { "date": "2023-08-25", "close": 222.298401, "volume": 3503630, "typical_volume": 918859.1, "trend": 210.82183, "fair_value": 185.039956, "relative_strength": 0.281123, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.91763, "energy": 29.695149, "activity_lines": [ 207.020987, 216.574801, 222.50049, 218.20307 ] }, { "date": "2023-09-01", "close": 221.005402, "volume": 1052225, "typical_volume": 954559.55, "trend": 211.94465, "fair_value": 186.159944, "relative_strength": -0.98973, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.120528, "energy": 20.759771, "activity_lines": [ 211.679142, 215.619963, 222.357968, 218.860075 ] }, { "date": "2023-09-08", "close": 222.049759, "volume": 616517, "typical_volume": 973119.35, "trend": 212.824615, "fair_value": 187.244014, "relative_strength": -2.133524, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 18.319449, "energy": 10.316817, "activity_lines": [ 216.43013, 215.389393, 222.288305, 219.512018 ] }, { "date": "2023-09-15", "close": 226.426086, "volume": 843251, "typical_volume": 998368.6, "trend": 213.829738, "fair_value": 188.377313, "relative_strength": -1.849695, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.424293, "energy": 20.790696, "activity_lines": [ 221.60217, 216.468105, 222.581166, 220.389532 ] }, { "date": "2023-09-22", "close": 223.904282, "volume": 487257, "typical_volume": 973527.0, "trend": 214.988404, "fair_value": 189.536013, "relative_strength": -0.210283, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.130269, "energy": 20.848168, "activity_lines": [ 223.712282, 217.674231, 222.554205, 221.039502 ] }, { "date": "2023-09-29", "close": 224.701797, "volume": 354886, "typical_volume": 872187.5, "trend": 216.209572, "fair_value": 190.67499, "relative_strength": 0.451824, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.602374, "energy": 21.300122, "activity_lines": [ 224.233953, 219.259286, 222.556675, 221.666173 ] }, { "date": "2023-10-06", "close": 222.010162, "volume": 163234, "typical_volume": 835837.7, "trend": 217.292668, "fair_value": 191.80351, "relative_strength": -0.736169, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.726176, "energy": 19.182109, "activity_lines": [ 223.698185, 220.474915, 222.326876, 222.040405 ] }, { "date": "2023-10-13", "close": 213.386963, "volume": 320971, "typical_volume": 838684.6, "trend": 218.395, "fair_value": 192.863682, "relative_strength": -4.826828, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 11.06819, "energy": 5.669228, "activity_lines": [ 220.221034, 220.034798, 221.239104, 221.788424 ] }, { "date": "2023-10-20", "close": 208.751358, "volume": 246592, "typical_volume": 832003.2, "trend": 219.681261, "fair_value": 193.859892, "relative_strength": -5.775521, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.257481, "energy": 15.192572, "activity_lines": [ 215.7762, 218.626334, 219.698998, 221.166253 ] }, { "date": "2023-10-27", "close": 206.707718, "volume": 237335, "typical_volume": 812420.55, "trend": 220.982286, "fair_value": 194.847707, "relative_strength": -4.162454, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.743274, "energy": 41.920992, "activity_lines": [ 211.828469, 216.561841, 218.013377, 220.32925 ] }, { "date": "2023-11-03", "close": 205.760651, "volume": 144901, "typical_volume": 796251.7, "trend": 220.824733, "fair_value": 195.772723, "relative_strength": -5.438544, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.964405, "energy": 53.797571, "activity_lines": [ 208.711486, 214.132106, 216.361532, 219.347209 ] }, { "date": "2023-11-10", "close": 197.286987, "volume": 286433, "typical_volume": 749191.45, "trend": 220.220335, "fair_value": 196.604992, "relative_strength": -10.198991, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.51449, "energy": 64.074801, "activity_lines": [ 204.032691, 210.462391, 214.020891, 217.828645 ] }, { "date": "2023-11-17", "close": 203.467773, "volume": 319832, "typical_volume": 751066.3, "trend": 219.980827, "fair_value": 197.463302, "relative_strength": -8.79882, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.224224, "energy": 58.884778, "activity_lines": [ 203.062371, 208.3477, 212.521799, 216.747835 ] }, { "date": "2023-11-24", "close": 205.06282, "volume": 327950, "typical_volume": 718819.85, "trend": 219.82626, "fair_value": 198.354477, "relative_strength": -8.390116, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.365088, "energy": 56.173791, "activity_lines": [ 203.285012, 206.860871, 211.397613, 215.785383 ] }, { "date": "2023-12-01", "close": 204.963135, "volume": 489943, "typical_volume": 710952.3, "trend": 219.520558, "fair_value": 199.25844, "relative_strength": -10.400252, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.788311, "energy": 45.538339, "activity_lines": [ 203.720327, 205.744341, 210.51912, 214.826471 ] }, { "date": "2023-12-08", "close": 232.228409, "volume": 3957011, "typical_volume": 880364.75, "trend": 219.602902, "fair_value": 200.32428, "relative_strength": -1.897159, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.626588, "energy": 8.854126, "activity_lines": [ 213.360372, 209.929518, 212.388781, 215.646333 ] }, { "date": "2023-12-15", "close": 218.720383, "volume": 707480, "typical_volume": 885776.1, "trend": 219.750249, "fair_value": 201.309849, "relative_strength": -9.373054, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.726444, "energy": 17.719229, "activity_lines": [ 216.733225, 211.521843, 212.967541, 215.589396 ] }, { "date": "2023-12-22", "close": 210.396255, "volume": 535095, "typical_volume": 860998.25, "trend": 219.726494, "fair_value": 202.252325, "relative_strength": -12.21739, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.594317, "energy": 19.699204, "activity_lines": [ 215.902475, 211.660504, 212.746174, 214.985913 ] }, { "date": "2023-12-29", "close": 210.795013, "volume": 362429, "typical_volume": 801238.75, "trend": 219.450799, "fair_value": 203.167082, "relative_strength": -13.327413, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.59785, "energy": 19.569962, "activity_lines": [ 214.742746, 211.926042, 212.544153, 214.409688 ] }, { "date": "2024-01-05", "close": 222.359085, "volume": 1274674, "typical_volume": 811582.3, "trend": 219.104703, "fair_value": 204.146753, "relative_strength": -8.271411, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.094147, "energy": 7.575878, "activity_lines": [ 217.055561, 214.256983, 213.35924, 214.597319 ] }, { "date": "2024-01-12", "close": 209.100266, "volume": 826327, "typical_volume": 677717.15, "trend": 218.38848, "fair_value": 204.975353, "relative_strength": -14.107809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.371987, "energy": 13.05182, "activity_lines": [ 213.78904, 213.892658, 212.786492, 213.951872 ] }, { "date": "2024-01-19", "close": 212.190689, "volume": 547763, "typical_volume": 652494.05, "trend": 217.114952, "fair_value": 205.838505, "relative_strength": -11.540426, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.127437, "energy": 12.26333, "activity_lines": [ 213.094536, 214.029508, 212.570918, 213.552014 ] }, { "date": "2024-01-26", "close": 203.866547, "volume": 247099, "typical_volume": 634023.15, "trend": 215.567268, "fair_value": 206.635925, "relative_strength": -13.747306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.860768, "energy": 19.972449, "activity_lines": [ 210.060631, 212.381902, 211.604543, 212.697278 ] }, { "date": "2024-02-02", "close": 214.633087, "volume": 1250451, "typical_volume": 654383.15, "trend": 214.099975, "fair_value": 207.506309, "relative_strength": -11.171299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.595127, "energy": 16.162077, "activity_lines": [ 211.050887, 212.684598, 211.75014, 212.637009 ] }, { "date": "2024-02-09", "close": 208.701523, "volume": 1357944, "typical_volume": 697917.5, "trend": 213.164353, "fair_value": 208.34104, "relative_strength": -13.135581, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.423094, "energy": 20.85001, "activity_lines": [ 209.808083, 211.734822, 211.386984, 212.288721 ] }, { "date": "2024-02-16", "close": 201.523819, "volume": 740772, "typical_volume": 717211.8, "trend": 212.171822, "fair_value": 209.153717, "relative_strength": -16.845438, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.980219, "energy": 35.070673, "activity_lines": [ 207.083215, 209.412039, 210.41263, 211.537719 ] }, { "date": "2024-02-23", "close": 207.555084, "volume": 1847947, "typical_volume": 801447.45, "trend": 211.851121, "fair_value": 209.994526, "relative_strength": -14.798576, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.864173, "energy": 25.549406, "activity_lines": [ 206.873866, 208.744115, 210.123054, 211.239865 ] }, { "date": "2024-03-01", "close": 195.143646, "volume": 604314, "typical_volume": 815614.6, "trend": 211.473112, "fair_value": 210.723393, "relative_strength": -20.071713, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.636265, "energy": 43.871586, "activity_lines": [ 202.83641, 206.022571, 208.72027, 210.161964 ] }, { "date": "2024-03-08", "close": 187.61702, "volume": 513794, "typical_volume": 828974.7, "trend": 211.29014, "fair_value": 211.429022, "relative_strength": -23.340382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.845462, "energy": 59.347107, "activity_lines": [ 196.871606, 202.20987, 206.687537, 208.622861 ] }, { "date": "2024-03-15", "close": 171.616745, "volume": 1671574, "typical_volume": 900686.65, "trend": 210.474362, "fair_value": 212.03972, "relative_strength": -28.030819, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.980818, "energy": 73.05546, "activity_lines": [ 187.374449, 195.909446, 203.231609, 206.063287 ] }, { "date": "2024-03-22", "close": 170.669693, "volume": 758911, "typical_volume": 931387.15, "trend": 208.753405, "fair_value": 212.645663, "relative_strength": -28.370781, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.461267, "energy": 79.975115, "activity_lines": [ 180.033925, 190.359419, 199.852585, 203.495244 ] }, { "date": "2024-03-29", "close": 161.64772, "volume": 786421, "typical_volume": 956386.55, "trend": 206.774816, "fair_value": 213.183243, "relative_strength": -32.565685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.684509, "energy": 84.940895, "activity_lines": [ 171.74302, 183.867771, 195.781425, 200.456167 ] }, { "date": "2024-04-05", "close": 188.215179, "volume": 736587, "typical_volume": 977224.3, "trend": 205.646997, "fair_value": 213.799247, "relative_strength": -21.628689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.413307, "energy": 72.743095, "activity_lines": [ 175.368424, 183.125533, 194.41021, 199.258771 ] }, { "date": "2024-04-12", "close": 205.262207, "volume": 2659500, "typical_volume": 1093801.8, "trend": 204.941534, "fair_value": 214.484511, "relative_strength": -14.092372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.90989, "energy": 34.72231, "activity_lines": [ 185.138069, 185.767325, 194.735153, 199.233946 ] }, { "date": "2024-04-19", "close": 203.368088, "volume": 587742, "typical_volume": 1098691.75, "trend": 204.256994, "fair_value": 215.057593, "relative_strength": -13.017212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.331726, "energy": 16.001628, "activity_lines": [ 193.099996, 188.235111, 194.878754, 199.132434 ] }, { "date": "2024-04-26", "close": 212.290375, "volume": 707549, "typical_volume": 936218.65, "trend": 203.84328, "fair_value": 215.625475, "relative_strength": -9.955574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.126721, "energy": 21.230554, "activity_lines": [ 201.919262, 192.422103, 195.879692, 199.650716 ] }, { "date": "2024-05-03", "close": 204.564362, "volume": 1073033, "typical_volume": 954496.3, "trend": 203.261753, "fair_value": 216.130404, "relative_strength": -13.011037, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 3.55936, "energy": 22.313186, "activity_lines": [ 205.388478, 195.008609, 196.239763, 199.697238 ] }, { "date": "2024-05-10", "close": 196.140549, "volume": 1397749, "typical_volume": 997629.0, "trend": 202.686873, "fair_value": 216.582652, "relative_strength": -14.428036, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 11.325988, "energy": 18.473781, "activity_lines": [ 203.188647, 196.11789, 195.864975, 199.237805 ] }, { "date": "2024-05-17", "close": 199.928772, "volume": 338385, "typical_volume": 996426.8, "trend": 202.392787, "fair_value": 216.939923, "relative_strength": -13.912911, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -8.072647, "energy": 13.245564, "activity_lines": [ 201.723199, 197.897814, 195.918855, 199.059863 ] }, { "date": "2024-05-24", "close": 187.66687, "volume": 782471, "typical_volume": 971816.65, "trend": 201.758092, "fair_value": 217.255977, "relative_strength": -20.441943, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.180091, "energy": 15.203693, "activity_lines": [ 196.526012, 197.22445, 194.856678, 198.109804 ] }, { "date": "2024-05-31", "close": 177.947083, "volume": 416819, "typical_volume": 951341.25, "trend": 200.830973, "fair_value": 217.527626, "relative_strength": -22.566459, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.844967, "energy": 30.469038, "activity_lines": [ 189.135645, 194.492032, 193.034009, 196.57361 ] }, { "date": "2024-06-07", "close": 188.663773, "volume": 762241, "typical_volume": 962065.15, "trend": 200.543532, "fair_value": 217.849806, "relative_strength": -19.910119, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.301984, "energy": 27.31702, "activity_lines": [ 187.60706, 193.575787, 192.380325, 195.788629 ] }, { "date": "2024-06-14", "close": 206.94696, "volume": 2773302, "typical_volume": 1088375.3, "trend": 200.659505, "fair_value": 218.150183, "relative_strength": -12.233318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.359735, "energy": 14.115225, "activity_lines": [ 193.23291, 195.492557, 193.57993, 196.201754 ] }, { "date": "2024-06-21", "close": 203.407959, "volume": 802820, "typical_volume": 1065993.75, "trend": 200.604343, "fair_value": 218.442616, "relative_strength": -13.072694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.654128, "energy": 5.449917, "activity_lines": [ 196.958666, 196.425294, 194.427819, 196.379073 ] }, { "date": "2024-06-28", "close": 199.320663, "volume": 814684, "typical_volume": 1038830.75, "trend": 200.416261, "fair_value": 218.684892, "relative_strength": -15.856221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.948745, "energy": 11.072496, "activity_lines": [ 199.090044, 196.648601, 194.939894, 196.296255 ] }, { "date": "2024-07-05", "close": 208.282806, "volume": 1523125, "typical_volume": 1077948.4, "trend": 199.618074, "fair_value": 218.927752, "relative_strength": -12.382541, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.582214, "energy": 19.28388, "activity_lines": [ 203.431883, 198.574977, 196.350178, 196.803774 ] }, { "date": "2024-07-12", "close": 204.125717, "volume": 823982, "typical_volume": 1026750.15, "trend": 199.131585, "fair_value": 219.003117, "relative_strength": -14.118865, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.667016, "energy": 28.733549, "activity_lines": [ 204.365645, 199.818384, 197.332363, 197.09459 ] }, { "date": "2024-07-19", "close": 193.329285, "volume": 391307, "typical_volume": 1016099.8, "trend": 198.562686, "fair_value": 218.891332, "relative_strength": -18.13442, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.239277, "energy": 14.116227, "activity_lines": [ 200.6698, 199.106778, 197.302646, 196.720248 ] }, { "date": "2024-07-26", "close": 198.164246, "volume": 1133131, "typical_volume": 1047066.65, "trend": 198.141661, "fair_value": 218.738143, "relative_strength": -16.601727, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.907601, "energy": 8.978022, "activity_lines": [ 199.493453, 199.32537, 197.742042, 196.694542 ] }, { "date": "2024-08-02", "close": 194.984131, "volume": 1133588, "typical_volume": 1020167.35, "trend": 197.229162, "fair_value": 218.598002, "relative_strength": -17.102747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.666729, "energy": 3.474419, "activity_lines": [ 197.606649, 198.997842, 197.828344, 196.490831 ] }, { "date": "2024-08-09", "close": 186.041916, "volume": 773798, "typical_volume": 1020911.7, "trend": 196.46055, "fair_value": 218.420022, "relative_strength": -19.392374, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.76277, "energy": 17.775209, "activity_lines": [ 193.028209, 196.911416, 196.951734, 195.769073 ] }, { "date": "2024-08-16", "close": 185.563416, "volume": 1474380, "typical_volume": 1055309.65, "trend": 195.572975, "fair_value": 218.359812, "relative_strength": -19.746012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.909019, "energy": 25.586077, "activity_lines": [ 189.772994, 194.59081, 195.956352, 195.066032 ] }, { "date": "2024-08-23", "close": 200.945618, "volume": 1810355, "typical_volume": 1108998.05, "trend": 195.47561, "fair_value": 218.37425, "relative_strength": -13.472535, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.431087, "energy": 12.812631, "activity_lines": [ 192.882667, 195.123339, 196.312056, 195.412654 ] }, { "date": "2024-08-30", "close": 230.693192, "volume": 8703680, "typical_volume": 1411207.05, "trend": 196.010947, "fair_value": 218.602018, "relative_strength": -1.83797, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.569123, "energy": 39.609745, "activity_lines": [ 205.400443, 201.173633, 199.440242, 197.684756 ] }, { "date": "2024-09-06", "close": 221.731033, "volume": 3326088, "typical_volume": 1548124.35, "trend": 196.445264, "fair_value": 218.700446, "relative_strength": -3.741106, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.874, "energy": 54.926386, "activity_lines": [ 212.762236, 205.098348, 201.593789, 199.344116 ] }, { "date": "2024-09-13", "close": 251.195251, "volume": 7084495, "typical_volume": 1866971.65, "trend": 198.100979, "fair_value": 218.960323, "relative_strength": 7.171597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.263516, "energy": 79.143104, "activity_lines": [ 228.162308, 213.972733, 206.46601, 202.876374 ] }, { "date": "2024-09-20", "close": 243.150146, "volume": 3717803, "typical_volume": 1999210.15, "trend": 199.287481, "fair_value": 219.211346, "relative_strength": 2.40775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.125058, "energy": 79.370337, "activity_lines": [ 236.537122, 220.604145, 210.386769, 205.782772 ] }, { "date": "2024-09-27", "close": 232.839218, "volume": 1571946, "typical_volume": 2007920.0, "trend": 200.544, "fair_value": 219.217494, "relative_strength": -2.871392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.184711, "energy": 74.298176, "activity_lines": [ 237.635846, 224.651307, 213.141792, 207.9474 ] }, { "date": "2024-10-04", "close": 219.214417, "volume": 745809, "typical_volume": 2028291.2, "trend": 201.597246, "fair_value": 219.136302, "relative_strength": -3.786726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.298402, "energy": 60.377771, "activity_lines": [ 232.066729, 225.502871, 214.42446, 209.151943 ] }, { "date": "2024-10-11", "close": 214.792603, "volume": 888640, "typical_volume": 2033599.65, "trend": 203.036442, "fair_value": 218.851677, "relative_strength": -5.096542, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.735288, "energy": 32.767316, "activity_lines": [ 225.788925, 225.167738, 215.194167, 210.003256 ] }, { "date": "2024-10-18", "close": 214.223648, "volume": 994208, "typical_volume": 2062469.1, "trend": 204.48824, "fair_value": 218.781475, "relative_strength": -4.51048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.748114, "energy": 18.705094, "activity_lines": [ 219.784032, 224.369005, 215.780517, 210.725011 ] }, { "date": "2024-10-25", "close": 203.663193, "volume": 4321688, "typical_volume": 2240441.45, "trend": 205.888756, "fair_value": 218.655971, "relative_strength": -6.20462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.562505, "energy": 17.908936, "activity_lines": [ 212.723761, 221.137794, 215.188364, 210.671783 ] }, { "date": "2024-11-01", "close": 206.847305, "volume": 710705, "typical_volume": 2137311.6, "trend": 206.509827, "fair_value": 218.510533, "relative_strength": -4.776067, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.387651, "energy": 18.311292, "activity_lines": [ 209.357324, 218.156425, 214.828034, 210.733624 ] }, { "date": "2024-11-08", "close": 209.542313, "volume": 1156856, "typical_volume": 2155013.4, "trend": 206.652497, "fair_value": 218.325679, "relative_strength": -2.60171, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.999819, "energy": 17.394619, "activity_lines": [ 208.622018, 215.557755, 214.724846, 210.929269 ] }, { "date": "2024-11-15", "close": 182.192917, "volume": 955715, "typical_volume": 2162064.95, "trend": 205.946658, "fair_value": 218.090678, "relative_strength": -12.614453, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.920696, "energy": 25.819637, "activity_lines": [ 199.415052, 208.371028, 211.987742, 209.351231 ] }, { "date": "2024-11-22", "close": 176.473495, "volume": 434703, "typical_volume": 2107643.85, "trend": 204.752762, "fair_value": 217.920375, "relative_strength": -16.141707, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.083744, "energy": 43.983118, "activity_lines": [ 190.474926, 200.863282, 208.787492, 207.449737 ] }, { "date": "2024-11-29", "close": 178.918976, "volume": 924904, "typical_volume": 2112689.95, "trend": 203.897916, "fair_value": 217.656977, "relative_strength": -15.268845, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.384976, "energy": 53.294706, "activity_lines": [ 184.866636, 195.158745, 205.971618, 205.783041 ] }, { "date": "2024-12-06", "close": 183.989594, "volume": 673984, "typical_volume": 2126823.8, "trend": 203.492884, "fair_value": 217.394326, "relative_strength": -14.114767, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.072522, "energy": 57.902507, "activity_lines": [ 182.598167, 191.543979, 203.758692, 204.498633 ] }, { "date": "2024-12-13", "close": 183.979614, "volume": 533442, "typical_volume": 2096839.35, "trend": 202.961245, "fair_value": 217.164162, "relative_strength": -13.905765, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.775612, "energy": 56.141793, "activity_lines": [ 181.850219, 188.815573, 201.58929, 203.239713 ] }, { "date": "2024-12-20", "close": 174.59697, "volume": 704342, "typical_volume": 2075377.05, "trend": 202.525582, "fair_value": 216.833362, "relative_strength": -13.734681, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.2118, "energy": 64.265301, "activity_lines": [ 179.678902, 185.021865, 198.59385, 201.409759 ] }, { "date": "2024-12-27", "close": 175.555206, "volume": 489881, "typical_volume": 2061181.2, "trend": 202.445853, "fair_value": 216.508705, "relative_strength": -13.633464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.830951, "energy": 57.492972, "activity_lines": [ 178.333394, 182.133211, 195.786751, 199.669735 ] }, { "date": "2025-01-03", "close": 179.587738, "volume": 503099, "typical_volume": 2012617.15, "trend": 202.143318, "fair_value": 215.987063, "relative_strength": -11.805371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.332517, "energy": 51.839422, "activity_lines": [ 178.393283, 180.680807, 193.41364, 198.195018 ] }, { "date": "2025-01-10", "close": 171.422852, "volume": 517339, "typical_volume": 1947966.35, "trend": 200.959181, "fair_value": 215.083858, "relative_strength": -13.31643, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.160101, "energy": 54.009551, "activity_lines": [ 175.686959, 178.181614, 190.291376, 196.213052 ] }, { "date": "2025-01-17", "close": 172.800293, "volume": 842426, "typical_volume": 1554903.65, "trend": 199.938926, "fair_value": 214.077801, "relative_strength": -11.281816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.73058, "energy": 47.697596, "activity_lines": [ 174.277565, 176.576946, 187.440881, 194.39635 ] }, { "date": "2025-01-24", "close": 180.076828, "volume": 2976690, "typical_volume": 1537433.75, "trend": 199.297465, "fair_value": 213.126593, "relative_strength": -6.727703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.799454, "energy": 41.190922, "activity_lines": [ 176.03897, 176.963321, 185.559071, 193.114924 ] }, { "date": "2025-01-31", "close": 197.54451, "volume": 2571650, "typical_volume": 1311791.5, "trend": 198.939521, "fair_value": 212.162178, "relative_strength": 0.837254, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.134003, "energy": 21.167108, "activity_lines": [ 183.257612, 180.564113, 185.539202, 193.00183 ] }, { "date": "2025-02-07", "close": 213.524948, "volume": 3461031, "typical_volume": 1298952.9, "trend": 199.252829, "fair_value": 211.671769, "relative_strength": 8.886231, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.029633, "energy": 13.2307, "activity_lines": [ 194.337113, 186.687329, 187.29676, 193.942826 ] }, { "date": "2025-02-14", "close": 177.761108, "volume": 627519, "typical_volume": 1251731.55, "trend": 198.73389, "fair_value": 211.042615, "relative_strength": -6.557758, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.831893, "energy": 24.424531, "activity_lines": [ 191.232854, 185.67883, 185.78931, 192.556263 ] }, { "date": "2025-02-21", "close": 174.237625, "volume": 1182924, "typical_volume": 1273587.3, "trend": 197.936336, "fair_value": 210.452008, "relative_strength": -7.509562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.537642, "energy": 22.402314, "activity_lines": [ 186.53155, 184.142942, 184.208567, 190.975859 ] }, { "date": "2025-02-28", "close": 156.400635, "volume": 650217, "typical_volume": 1261666.15, "trend": 196.650219, "fair_value": 209.725096, "relative_strength": -14.12626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.816294, "energy": 34.920421, "activity_lines": [ 175.78876, 179.541092, 181.143238, 188.296136 ] }, { "date": "2025-03-07", "close": 163.786972, "volume": 755880, "typical_volume": 1249749.75, "trend": 195.908388, "fair_value": 208.926969, "relative_strength": -11.553746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.304638, "energy": 56.348194, "activity_lines": [ 169.086496, 176.613056, 179.059427, 186.175927 ] }, { "date": "2025-03-14", "close": 156.340744, "volume": 648015, "typical_volume": 1066066.1, "trend": 194.934299, "fair_value": 208.046705, "relative_strength": -14.82737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.786752, "energy": 65.687272, "activity_lines": [ 162.152658, 172.545127, 176.506626, 183.623176 ] }, { "date": "2025-03-21", "close": 194.11087, "volume": 2975527, "typical_volume": 1179307.2, "trend": 194.706474, "fair_value": 207.311432, "relative_strength": 1.292454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.389516, "energy": 35.525635, "activity_lines": [ 171.621142, 175.767167, 177.776325, 183.570051 ] }, { "date": "2025-03-28", "close": 179.717499, "volume": 1737063, "typical_volume": 1208317.55, "trend": 193.007284, "fair_value": 206.610395, "relative_strength": -6.979533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.182047, "energy": 22.41929, "activity_lines": [ 175.201852, 175.959721, 177.735877, 182.60302 ] }, { "date": "2025-04-04", "close": 192.593674, "volume": 763527, "typical_volume": 1198708.15, "trend": 192.036039, "fair_value": 205.944791, "relative_strength": 2.349629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.921196, "energy": 11.172736, "activity_lines": [ 182.709296, 178.36763, 179.063753, 182.576336 ] }, { "date": "2025-04-11", "close": 185.746338, "volume": 635549, "typical_volume": 1208750.45, "trend": 189.854408, "fair_value": 205.26414, "relative_strength": -0.733726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.418432, "energy": 17.629142, "activity_lines": [ 185.521424, 179.30299, 179.689975, 182.170549 ] }, { "date": "2025-04-18", "close": 202.215866, "volume": 584913, "typical_volume": 1191750.9, "trend": 188.489932, "fair_value": 204.674243, "relative_strength": 3.603661, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 20.109473, "energy": 18.895924, "activity_lines": [ 192.359438, 183.447321, 181.840567, 182.968062 ] }, { "date": "2025-04-25", "close": 193.232483, "volume": 1005441, "typical_volume": 1208323.75, "trend": 187.169708, "fair_value": 204.181315, "relative_strength": -1.44054, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.229358, "energy": 20.689308, "activity_lines": [ 193.144649, 186.16393, 183.024661, 183.274033 ] }, { "date": "2025-05-02", "close": 191.495712, "volume": 260066, "typical_volume": 1194654.95, "trend": 186.245751, "fair_value": 203.83075, "relative_strength": -3.277483, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.806936, "energy": 27.803972, "activity_lines": [ 193.409496, 188.283465, 183.999335, 183.55313 ] }, { "date": "2025-05-09", "close": 184.698273, "volume": 571866, "typical_volume": 1188031.15, "trend": 185.242607, "fair_value": 203.551734, "relative_strength": -5.125467, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.510122, "energy": 19.092829, "activity_lines": [ 190.623315, 188.853319, 184.290842, 183.453293 ] }, { "date": "2025-05-16", "close": 212.207397, "volume": 1041028, "typical_volume": 1215588.5, "trend": 185.175398, "fair_value": 203.413596, "relative_strength": 4.70074, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.114508, "energy": 39.923905, "activity_lines": [ 197.533203, 193.910328, 187.154165, 185.192957 ] }, { "date": "2025-05-23", "close": 191.855042, "volume": 1340665, "typical_volume": 1257466.8, "trend": 184.781793, "fair_value": 203.384236, "relative_strength": -4.603083, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.507403, "energy": 28.48607, "activity_lines": [ 195.894902, 194.386539, 187.904634, 185.623902 ] }, { "date": "2025-05-30", "close": 184.718246, "volume": 828426, "typical_volume": 1273021.15, "trend": 184.044158, "fair_value": 203.28134, "relative_strength": -7.676148, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.296008, "energy": 17.457592, "activity_lines": [ 192.56839, 192.919435, 187.916992, 185.619802 ] }, { "date": "2025-06-06", "close": 187.523056, "volume": 454573, "typical_volume": 1253628.5, "trend": 183.310183, "fair_value": 203.286933, "relative_strength": -7.087488, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.04907, "energy": 16.903089, "activity_lines": [ 190.74443, 192.133072, 188.133164, 185.844247 ] }, { "date": "2025-06-13", "close": 182.981461, "volume": 595567, "typical_volume": 1134572.35, "trend": 183.336467, "fair_value": 203.297289, "relative_strength": -7.983882, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.417425, "energy": 13.690936, "activity_lines": [ 187.67145, 190.379045, 187.846695, 185.823039 ] }, { "date": "2025-06-20", "close": 178.0905, "volume": 552447, "typical_volume": 1033612.2, "trend": 183.390368, "fair_value": 203.228655, "relative_strength": -11.517086, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.003792, "energy": 11.047156, "activity_lines": [ 183.082603, 187.91052, 187.080588, 185.484589 ] }, { "date": "2025-06-27", "close": 177.701233, "volume": 290435, "typical_volume": 875082.4, "trend": 183.349776, "fair_value": 203.097715, "relative_strength": -13.234581, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.543809, "energy": 16.337725, "activity_lines": [ 180.63846, 185.510417, 186.370046, 185.117549 ] }, { "date": "2025-07-04", "close": 173.279419, "volume": 394534, "typical_volume": 863433.15, "trend": 182.99277, "fair_value": 202.80346, "relative_strength": -14.444177, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.257778, "energy": 28.65689, "activity_lines": [ 177.663967, 182.752067, 185.408968, 184.467848 ] }, { "date": "2025-07-11", "close": 167.220612, "volume": 550681, "typical_volume": 831821.0, "trend": 182.434137, "fair_value": 202.422199, "relative_strength": -16.072943, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.852179, "energy": 44.885357, "activity_lines": [ 173.43246, 179.2549, 183.892202, 183.450289 ] }, { "date": "2025-07-18", "close": 165.982895, "volume": 416275, "typical_volume": 820123.9, "trend": 182.147001, "fair_value": 202.005746, "relative_strength": -15.83678, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.849876, "energy": 52.492317, "activity_lines": [ 170.141876, 175.974058, 182.290973, 182.388919 ] }, { "date": "2025-07-25", "close": 169.596222, "volume": 634806, "typical_volume": 814070.2, "trend": 181.948368, "fair_value": 201.532267, "relative_strength": -13.306723, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.938243, "energy": 60.715048, "activity_lines": [ 169.188973, 173.690465, 180.98824, 181.579191 ] }, { "date": "2025-08-01", "close": 165.004715, "volume": 172592, "typical_volume": 790299.05, "trend": 181.462268, "fair_value": 201.27045, "relative_strength": -14.476446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.669857, "energy": 62.827037, "activity_lines": [ 167.271853, 171.3468, 179.220558, 180.486052 ] }, { "date": "2025-08-08", "close": 172.999939, "volume": 824323, "typical_volume": 682738.85, "trend": 181.514837, "fair_value": 201.168126, "relative_strength": -9.470447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.260103, "energy": 43.060348, "activity_lines": [ 168.866242, 170.945001, 178.173069, 179.940096 ] }, { "date": "2025-08-15", "close": 166.112671, "volume": 324559, "typical_volume": 612113.65, "trend": 181.291916, "fair_value": 200.846455, "relative_strength": -13.847647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.308811, "energy": 40.619025, "activity_lines": [ 168.183506, 169.504031, 176.570178, 178.946408 ] }, { "date": "2025-08-22", "close": 166.072739, "volume": 275508, "typical_volume": 587712.7, "trend": 180.825113, "fair_value": 200.468423, "relative_strength": -14.397286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.788218, "energy": 44.858378, "activity_lines": [ 167.561323, 168.44508, 175.028268, 177.964525 ] }, { "date": "2025-08-29", "close": 163.906754, "volume": 148511, "typical_volume": 563360.8, "trend": 179.703855, "fair_value": 200.116997, "relative_strength": -13.461956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.709764, "energy": 44.834599, "activity_lines": [ 166.211155, 167.299746, 173.406365, 176.873018 ] }, { "date": "2025-09-05", "close": 160.383255, "volume": 349925, "typical_volume": 551611.4, "trend": 177.932465, "fair_value": 199.641889, "relative_strength": -15.888562, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.337646, "energy": 61.594108, "activity_lines": [ 164.065786, 165.771661, 171.552888, 175.626528 ] }, { "date": "2025-09-12", "close": 161.539993, "volume": 202431, "typical_volume": 511460.9, "trend": 177.391761, "fair_value": 199.284026, "relative_strength": -15.810329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.137363, "energy": 62.647676, "activity_lines": [ 162.614093, 164.768765, 170.00878, 174.568949 ] }, { "date": "2025-09-19", "close": 157.929993, "volume": 482950, "typical_volume": 522605.1, "trend": 176.848174, "fair_value": 198.915507, "relative_strength": -17.723057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.753614, "energy": 66.662143, "activity_lines": [ 160.723063, 163.322949, 168.271778, 173.313351 ] }, { "date": "2025-09-26", "close": 148.130005, "volume": 278450, "typical_volume": 507934.3, "trend": 176.572486, "fair_value": 198.531455, "relative_strength": -20.139231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.710097, "energy": 77.783085, "activity_lines": [ 156.110883, 160.264238, 165.761282, 171.460566 ] }, { "date": "2025-10-03", "close": 149.100006, "volume": 233547, "typical_volume": 467560.25, "trend": 176.08292, "fair_value": 198.172482, "relative_strength": -19.821235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.429917, "energy": 77.708454, "activity_lines": [ 153.018218, 157.706488, 163.517301, 169.688148 ] }, { "date": "2025-10-10", "close": 145.369995, "volume": 192687, "typical_volume": 410161.35, "trend": 175.717229, "fair_value": 197.752407, "relative_strength": -22.466357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.574218, "energy": 82.280207, "activity_lines": [ 149.669333, 154.843213, 161.218592, 167.706669 ] }, { "date": "2025-10-17", "close": 139.899994, "volume": 295533, "typical_volume": 383516.7, "trend": 173.9102, "fair_value": 197.356776, "relative_strength": -26.005986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.112639, "energy": 87.004286, "activity_lines": [ 145.497998, 151.342388, 158.620288, 165.395879 ] }, { "date": "2025-10-24", "close": 153.119995, "volume": 2392122, "typical_volume": 480394.15, "trend": 173.023616, "fair_value": 197.024635, "relative_strength": -18.753362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.144449, "energy": 55.30014, "activity_lines": [ 147.175997, 150.847016, 157.494452, 164.054576 ] }, { "date": "2025-10-31", "close": 151.460007, "volume": 384102, "typical_volume": 469820.9, "trend": 171.652494, "fair_value": 196.70045, "relative_strength": -18.84576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.673801, "energy": 48.648797, "activity_lines": [ 148.621333, 150.286059, 156.374346, 162.663375 ] }, { "date": "2025-11-07", "close": 154.059998, "volume": 1245135, "typical_volume": 504455.3, "trend": 170.596283, "fair_value": 196.460408, "relative_strength": -16.122978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.345784, "energy": 37.684207, "activity_lines": [ 150.711332, 150.463513, 155.65196, 161.528376 ] }, { "date": "2025-11-14", "close": 149.199997, "volume": 532015, "typical_volume": 516534.3, "trend": 168.829087, "fair_value": 196.187618, "relative_strength": -19.653258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.172122, "energy": 29.396706, "activity_lines": [ 150.850665, 149.936362, 154.581148, 160.14797 ] }, { "date": "2025-11-21", "close": 141.490005, "volume": 401658, "typical_volume": 516890.5, "trend": 167.104338, "fair_value": 195.876032, "relative_strength": -23.868185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.246824, "energy": 41.79289, "activity_lines": [ 148.164668, 148.210727, 152.911772, 158.384158 ] }, { "date": "2025-11-28", "close": 138.789993, "volume": 327124, "typical_volume": 505712.65, "trend": 165.34748, "fair_value": 195.418294, "relative_strength": -25.278327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.581617, "energy": 48.767492, "activity_lines": [ 144.472665, 146.358726, 151.136629, 156.557426 ] }, { "date": "2025-12-05", "close": 139.759995, "volume": 396949, "typical_volume": 504746.35, "trend": 163.849538, "fair_value": 195.015123, "relative_strength": -24.273452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.046596, "energy": 56.255757, "activity_lines": [ 142.05933, 145.031089, 149.589252, 154.906621 ] }, { "date": "2025-12-12", "close": 136.110001, "volume": 268163, "typical_volume": 486414.2, "trend": 161.312958, "fair_value": 194.444569, "relative_strength": -25.40789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.508519, "energy": 63.036948, "activity_lines": [ 139.209331, 143.191998, 147.819127, 153.116973 ] }, { "date": "2025-12-19", "close": 138.100006, "volume": 295035, "typical_volume": 492536.35, "trend": 159.521123, "fair_value": 194.078045, "relative_strength": -23.645802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.362886, "energy": 58.523905, "activity_lines": [ 138.219334, 141.950909, 146.397984, 151.619364 ] }, { "date": "2025-12-26", "close": 139.820007, "volume": 213969, "typical_volume": 462018.65, "trend": 158.024515, "fair_value": 193.637801, "relative_strength": -22.491476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.244802, "energy": 45.648748, "activity_lines": [ 138.54267, 141.154729, 145.268769, 150.348324 ] }, { "date": "2026-01-02", "close": 143.399994, "volume": 250592, "typical_volume": 458320.3, "trend": 156.553747, "fair_value": 193.228742, "relative_strength": -20.924494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.963703, "energy": 38.528154, "activity_lines": [ 140.170668, 141.010909, 144.638504, 149.404806 ] }, { "date": "2026-01-09", "close": 145.669998, "volume": 655957, "typical_volume": 477342.75, "trend": 155.310031, "fair_value": 192.785352, "relative_strength": -17.274906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.324477, "energy": 24.645573, "activity_lines": [ 142.248, 141.456545, 144.332586, 148.702629 ] }, { "date": "2026-01-16", "close": 140.899994, "volume": 264721, "typical_volume": 483153.25, "trend": 154.070348, "fair_value": 192.402772, "relative_strength": -19.575225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.880976, "energy": 21.346679, "activity_lines": [ 142.341331, 141.140181, 143.669538, 147.772949 ] }, { "date": "2026-01-23", "close": 128.179993, "volume": 342041, "typical_volume": 482759.05, "trend": 152.41964, "fair_value": 192.004006, "relative_strength": -24.377898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.669816, "energy": 40.82628, "activity_lines": [ 137.875329, 138.750361, 141.904617, 146.102604 ] }, { "date": "2026-01-30", "close": 127.769997, "volume": 285517, "typical_volume": 486913.35, "trend": 150.902659, "fair_value": 191.62227, "relative_strength": -24.711244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.921825, "energy": 55.89802, "activity_lines": [ 133.933995, 136.668179, 140.253998, 144.512304 ] }, { "date": "2026-02-06", "close": 129.25, "volume": 315424, "typical_volume": 478537.05, "trend": 149.636972, "fair_value": 191.196624, "relative_strength": -24.066325, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.683549, "energy": 67.731292, "activity_lines": [ 131.28933, 135.104543, 138.905141, 143.115358 ] }, { "date": "2026-02-13", "close": 162.350006, "volume": 3126665, "typical_volume": 620947.8, "trend": 149.515876, "fair_value": 190.979173, "relative_strength": -3.400088, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.997095, "energy": 13.031736, "activity_lines": [ 140.621333, 139.732545, 140.845237, 143.935554 ] }, { "date": "2026-02-20", "close": 153.160004, "volume": 377145, "typical_volume": 628127.7, "trend": 148.968002, "fair_value": 190.748504, "relative_strength": -8.785484, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.112133, "energy": 9.518813, "activity_lines": [ 145.778002, 142.278909, 141.84238, 144.170659 ] }, { "date": "2026-02-27", "close": 160.720001, "volume": 830802, "typical_volume": 660033.45, "trend": 148.825178, "fair_value": 190.573204, "relative_strength": -2.595, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.812899, "energy": 31.507108, "activity_lines": [ 152.637336, 145.889818, 143.54019, 144.928853 ] }, { "date": "2026-03-06", "close": 156.309998, "volume": 588685, "typical_volume": 674691.05, "trend": 148.268846, "fair_value": 190.360337, "relative_strength": -2.196747, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.084881, "energy": 34.175902, "activity_lines": [ 155.857335, 148.287636, 144.744904, 145.411744 ] }, { "date": "2026-03-13", "close": 154.470001, "volume": 658302, "typical_volume": 588000.05, "trend": 147.880757, "fair_value": 190.194651, "relative_strength": 2.169149, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.143497, "energy": 44.951529, "activity_lines": [ 156.561334, 150.051091, 145.696238, 145.811819 ] }, { "date": "2026-03-20", "close": 155.690002, "volume": 458072, "typical_volume": 591698.55, "trend": 147.534666, "fair_value": 190.101872, "relative_strength": 3.620436, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.298478, "energy": 43.947691, "activity_lines": [ 155.990668, 151.835092, 146.757333, 146.315641 ] }, { "date": "2026-03-27", "close": 143.389999, "volume": 637153, "typical_volume": 561299.45, "trend": 146.850774, "fair_value": 189.946187, "relative_strength": -2.942771, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.502254, "energy": 13.623971, "activity_lines": [ 151.764, 151.200546, 146.626857, 146.048243 ] }, { "date": "2026-04-03", "close": 150.130005, "volume": 487575, "typical_volume": 559077.45, "trend": 146.508999, "fair_value": 189.559281, "relative_strength": 2.644283, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.865795, "energy": 6.439261, "activity_lines": [ 150.435335, 151.746183, 147.189096, 146.259806 ] }, { "date": "2026-04-10", "close": 171.429993, "volume": 2120045, "typical_volume": 644996.8, "trend": 146.838666, "fair_value": 189.277301, "relative_strength": 11.023464, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.917263, "energy": 34.327719, "activity_lines": [ 156.912666, 155.765455, 149.775476, 147.867613 ] }, { "date": "2026-04-17", "close": 181.119995, "volume": 1118432, "typical_volume": 684562.2, "trend": 147.611666, "fair_value": 189.087987, "relative_strength": 16.202173, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.819349, "energy": 55.702564, "activity_lines": [ 165.611997, 160.752726, 153.142142, 150.079311 ] }, { "date": "2026-04-24", "close": 181.940002, "volume": 1396052, "typical_volume": 734517.35, "trend": 148.738666, "fair_value": 188.910039, "relative_strength": 19.105719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.546266, "energy": 73.378176, "activity_lines": [ 172.807999, 164.945999, 156.385333, 152.294042 ] }, { "date": "2026-05-01", "close": 181.160004, "volume": 1044185, "typical_volume": 773318.45, "trend": 149.807333, "fair_value": 188.698666, "relative_strength": 18.215354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.256788, "energy": 75.51992, "activity_lines": [ 177.994, 168.641273, 159.353381, 154.385742 ] }, { "date": "2026-05-08", "close": 187.529999, "volume": 1570944, "typical_volume": 837113.9, "trend": 151.212666, "fair_value": 188.427973, "relative_strength": 21.44479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.392572, "energy": 78.126007, "activity_lines": [ 182.785333, 172.985636, 162.713571, 156.819462 ] }, { "date": "2026-05-15", "close": 190.220001, "volume": 4255740, "typical_volume": 1039202.45, "trend": 152.89, "fair_value": 188.273614, "relative_strength": 26.127707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.218205, "energy": 79.818634, "activity_lines": [ 185.980001, 177.331636, 166.094571, 159.336064 ] }, { "date": "2026-05-22", "close": 189.419998, "volume": 3801451, "typical_volume": 1216745.4, "trend": 154.1, "fair_value": 188.134583, "relative_strength": 25.095425, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.193014, "energy": 68.49754, "activity_lines": [ 187.655333, 180.915636, 169.159381, 161.692838 ] }, { "date": "2026-05-29", "close": 175.800003, "volume": 1661548, "typical_volume": 1267024.95, "trend": 154.911333, "fair_value": 187.857237, "relative_strength": 16.945532, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.913913, "energy": 48.349351, "activity_lines": [ 184.237334, 181.387818, 170.707905, 163.092839 ] }, { "date": "2026-06-05", "close": 201.639999, "volume": 1060071, "typical_volume": 1306792.45, "trend": 156.497333, "fair_value": 187.657866, "relative_strength": 34.715786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.889193, "energy": 54.097755, "activity_lines": [ 189.842, 186.192546, 174.573905, 166.107591 ] }, { "date": "2026-06-12", "close": 206.399994, "volume": 258403, "typical_volume": 1302610.55, "trend": 158.404, "fair_value": 187.502821, "relative_strength": 35.85602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.294001, "energy": 57.36857, "activity_lines": [ 195.667998, 190.803635, 178.604, 169.327118 ] }, { "date": "2026-06-19", "close": 209.470001, "volume": 154103, "typical_volume": 1296039.85, "trend": 160.669999, "fair_value": 187.240472, "relative_strength": 34.977876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.484275, "energy": 64.772181, "activity_lines": [ 201.259332, 194.949818, 182.554, 172.621699 ] }, { "date": "2026-06-26", "close": 190.589996, "volume": 0, "typical_volume": 1280268.65, "trend": 162.396666, "fair_value": 186.857734, "relative_strength": 22.232349, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.385158, "energy": 59.652638, "activity_lines": [ 199.273998, 194.971635, 184.316856, 174.552021 ] }, { "date": "2026-07-03", "close": 191.779999, "volume": 190867, "typical_volume": 1133478.75, "trend": 164.130666, "fair_value": 186.429068, "relative_strength": 21.511647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.930282, "energy": 47.172714, "activity_lines": [ 197.607331, 195.037635, 185.900952, 176.44772 ] }, { "date": "2026-07-10", "close": 190.059998, "volume": 982330, "typical_volume": 1163738.0, "trend": 165.929, "fair_value": 186.129644, "relative_strength": 20.31213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.823845, "energy": 34.330929, "activity_lines": [ 194.301998, 194.611998, 187.181094, 178.12058 ] }, { "date": "2026-07-17", "close": 176.729996, "volume": 559557, "typical_volume": 1150175.75, "trend": 167.216666, "fair_value": 185.779838, "relative_strength": 11.08696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.463201, "energy": 20.770501, "activity_lines": [ 187.325331, 191.600907, 187.015999, 178.817418 ] }, { "date": "2026-07-24", "close": 195.119995, "volume": 16407316, "typical_volume": 1941107.3, "trend": 169.059999, "fair_value": 185.638453, "relative_strength": 25.063346, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.334825, "energy": 20.328764, "activity_lines": [ 188.456663, 192.129815, 188.526094, 180.617633 ] }, { "date": "2026-07-31", "close": 197.320007, "volume": 1495705, "typical_volume": 1982977.45, "trend": 170.857333, "fair_value": 185.57971, "relative_strength": 22.782872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.330497, "energy": 20.160694, "activity_lines": [ 191.278, 192.969635, 190.060904, 182.44086 ] }, { "date": "2026-08-07", "close": 204.869995, "volume": 7671960, "typical_volume": 2343671.85, "trend": 172.830666, "fair_value": 185.655119, "relative_strength": 26.055352, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.469508, "energy": 31.33218, "activity_lines": [ 196.167332, 195.038544, 192.110713, 184.635225 ] } ], "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." } } }