{ "ticker": { "uuid": "f90e3ce0-2adf-453f-8d17-a02b680d41e2", "symbol": "SAURASHCEM", "name": "Saurashtra Cement 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 73.965, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -17.408, "architecture_energy": 11.387, "architecture_maturity": 100.0, "architecture_confidence": 63.479, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 45.9, "rotation_up": 35.42, "upward_expansion": 27.43, "deceleration": 38.17, "rotation_down": 27.76, "downward_expansion": 52.43 }, "activity_lines": [ 59.953333, 59.196364, 59.593381, 60.136947 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 62.139999, "trend_reference": 62.136001, "distance_from_trend": 6.4e-05, "trend_direction": "Weakening", "fair_value": 95.582255, "distance_from_fair_value": -0.349879, "fair_value_direction": "Improving", "relative_strength": -19.305207, "relative_strength_direction": "Improving", "price_momentum": -0.148417, "excess_performance": -0.104708, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 6.4e-05, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.131293, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.349879, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.006393, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.193052, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.044652, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.148417, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 5.243397, "read": "Demand-led" } ], "volume": { "latest": 8746528, "relative_activity": 7.98205, "balance": 5.243397, "dry_up": 3.326641, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.08924, "annualized_volatility": 0.44335, "from_high_reference": -0.504268, "from_low_reference": 0.304092 }, "levels": { "trend_reference": 62.136001, "fair_value_reference": 95.582255, "structural_low": 47.650002, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.049053, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.025588, "regime_survival": 1.0, "best_return": 0.125725, "worst_return": -0.120777, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.121417, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.086633, "regime_survival": 1.0, "best_return": 0.106504, "worst_return": -0.349338, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.28004, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.203767, "regime_survival": 1.0, "best_return": -0.28004, "worst_return": -0.28004, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.085785, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-11-07", "tenure": "Developing", "return": -0.121299, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": -0.16699, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-08-07", "tenure": "Extended", "return": -0.231036, "active": true } ], "chart_path": [ { "date": "2024-03-01", "close": 112.92791, "volume": 400577, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 112.82872, "volume": 545465, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 99.190086, "volume": 891383, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 103.306473, "volume": 589523, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 104.943115, "volume": 310390, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 112.38237, "volume": 990169, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 106.133392, "volume": 366765, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 123.293282, "volume": 2311010, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 119.821625, "volume": 966544, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 117.986603, "volume": 1023424, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 114.316574, "volume": 1594476, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 115.804428, "volume": 465950, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 122.995705, "volume": 775111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 112.679939, "volume": 1243345, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 111.985611, "volume": 1027709, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 136.693848, "volume": 7270021, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 130.167145, "volume": 1759300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 133.41066, "volume": 4856351, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 134.303375, "volume": 1744807, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 131.863297, "volume": 966578, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 124.255417, "volume": 918613, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 140.016724, "volume": 2081940, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 130.325851, "volume": 1383966, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 129.026459, "volume": 919011, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 121.809998, "volume": 899049, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 127.709999, "volume": 580939, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 122.57, "volume": 469048, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 123.739998, "volume": 882062, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 128.75, "volume": 910988, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 123.379997, "volume": 1034676, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 124.239998, "volume": 770717, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 115.470001, "volume": 457325, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 111.260002, "volume": 479164, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 113.910004, "volume": 410639, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 117.349998, "volume": 8647668, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 121.989998, "volume": 522126, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 117.309998, "volume": 309179, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 106.169998, "volume": 387460, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 103.080002, "volume": 383395, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 112.5, "volume": 584841, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 109.760002, "volume": 446587, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 107.959999, "volume": 515412, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 105.959999, "volume": 505878, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 120.760002, "volume": 2981189, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 118.339996, "volume": 626431, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 107.089996, "volume": 444725, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 105.209999, "volume": 432571, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 103.07, "volume": 334394, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 101.5, "volume": 320734, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 97.730003, "volume": 330249, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 81.870003, "volume": 379811, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 87.839996, "volume": 315089, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 76.720001, "volume": 177720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 81.970001, "volume": 545987, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 76.519997, "volume": 333754, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 80.169998, "volume": 785109, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 75.089996, "volume": 1957866, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 88.050003, "volume": 1380130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 81.059998, "volume": 788749, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 84.75, "volume": 351157, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 91.120003, "volume": 1915399, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 89.080002, "volume": 1004322, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 84.190002, "volume": 324448, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 95.260002, "volume": 446002, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 94.25, "volume": 767030, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 89.230003, "volume": 449736, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 90.120003, "volume": 251668, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 88.239998, "volume": 560511, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 86.029999, "volume": 287177, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 94.5, "volume": 1481289, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 91.010002, "volume": 569865, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 88.720001, "volume": 252836, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 93.650002, "volume": 1701649, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 103.779999, "volume": 7379603, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 122.43, "volume": 8346854, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 116.980003, "volume": 2084385, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 116.510002, "volume": 448735, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 119.580002, "volume": 1347149, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 112.239998, "volume": 507721, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 117.620003, "volume": 2370543, "typical_volume": 1624846.1, "trend": 93.286001, "fair_value": 108.098233, "relative_strength": 13.670607, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.08373, "energy": 53.353058, "activity_lines": [ 116.386668, 113.402183, 104.89462, 99.697958 ] }, { "date": "2025-09-12", "close": 114.620003, "volume": 425707, "typical_volume": 1550361.5, "trend": 94.377667, "fair_value": 108.178748, "relative_strength": 9.384458, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.133669, "energy": 46.484174, "activity_lines": [ 115.731335, 114.560002, 106.36062, 101.074345 ] }, { "date": "2025-09-19", "close": 110.07, "volume": 451637, "typical_volume": 1522727.25, "trend": 95.118667, "fair_value": 108.201812, "relative_strength": 4.369322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.036201, "energy": 33.95948, "activity_lines": [ 113.716668, 114.461274, 107.281382, 102.086754 ] }, { "date": "2025-09-26", "close": 107.529999, "volume": 716360, "typical_volume": 1542322.85, "trend": 96.145667, "fair_value": 108.193718, "relative_strength": 4.927674, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.61385, "energy": 28.076416, "activity_lines": [ 111.284667, 113.512546, 107.860287, 102.887485 ] }, { "date": "2025-10-03", "close": 111.129997, "volume": 268268, "typical_volume": 1533436.15, "trend": 97.117667, "fair_value": 108.228674, "relative_strength": 7.472643, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.198704, "energy": 21.779847, "activity_lines": [ 110.855999, 112.966, 108.670905, 103.854216 ] }, { "date": "2025-10-10", "close": 105.660004, "volume": 365790, "typical_volume": 1513374.15, "trend": 98.089001, "fair_value": 108.198454, "relative_strength": 0.731849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.026694, "energy": 19.614689, "activity_lines": [ 108.678001, 111.291274, 108.885001, 104.405334 ] }, { "date": "2025-10-17", "close": 99.339996, "volume": 338317, "typical_volume": 1507803.2, "trend": 98.728001, "fair_value": 108.095449, "relative_strength": -6.54549, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.279654, "energy": 14.852277, "activity_lines": [ 105.190666, 108.772363, 108.442858, 104.486044 ] }, { "date": "2025-10-24", "close": 101.720001, "volume": 215651, "typical_volume": 1506002.35, "trend": 99.615668, "fair_value": 108.022168, "relative_strength": -4.217678, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.868552, "energy": 14.409266, "activity_lines": [ 103.515333, 107.006909, 108.179239, 104.679076 ] }, { "date": "2025-10-31", "close": 101.040001, "volume": 347124, "typical_volume": 1495333.0, "trend": 100.048667, "fair_value": 107.942825, "relative_strength": -4.099003, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.589638, "energy": 19.117379, "activity_lines": [ 102.17, 105.386727, 107.79562, 104.770968 ] }, { "date": "2025-11-07", "close": 97.650002, "volume": 237261, "typical_volume": 1492837.2, "trend": 100.601668, "fair_value": 107.827175, "relative_strength": -6.027831, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.420047, "energy": 43.7571, "activity_lines": [ 100.127334, 103.487273, 107.028191, 104.616216 ] }, { "date": "2025-11-14", "close": 98.029999, "volume": 244885, "typical_volume": 1431017.0, "trend": 101.044334, "fair_value": 107.718318, "relative_strength": -6.863231, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.147211, "energy": 47.723334, "activity_lines": [ 99.11, 101.922182, 106.241619, 104.450302 ] }, { "date": "2025-11-21", "close": 92.360001, "volume": 265790, "typical_volume": 1415813.25, "trend": 101.085667, "fair_value": 107.549545, "relative_strength": -12.463876, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.589579, "energy": 56.567803, "activity_lines": [ 96.711334, 99.682364, 104.898239, 103.890022 ] }, { "date": "2025-11-28", "close": 89.209999, "volume": 350763, "typical_volume": 1420709.6, "trend": 101.090001, "fair_value": 107.350202, "relative_strength": -15.378749, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.173574, "energy": 62.964093, "activity_lines": [ 93.728, 97.274546, 103.248429, 103.12385 ] }, { "date": "2025-12-05", "close": 85.110001, "volume": 395115, "typical_volume": 1355382.9, "trend": 101.120667, "fair_value": 107.11106, "relative_strength": -18.751906, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.019663, "energy": 74.196257, "activity_lines": [ 90.212, 94.500546, 101.20581, 102.092882 ] }, { "date": "2025-12-12", "close": 86.0, "volume": 469287, "typical_volume": 1009867.1, "trend": 100.812001, "fair_value": 106.886475, "relative_strength": -17.041027, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.826163, "energy": 74.36506, "activity_lines": [ 88.054667, 92.296, 99.288619, 101.117355 ] }, { "date": "2025-12-19", "close": 81.660004, "volume": 441615, "typical_volume": 614605.15, "trend": 100.392334, "fair_value": 106.620933, "relative_strength": -20.4654, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.341168, "energy": 86.876667, "activity_lines": [ 85.227335, 89.759274, 97.042763, 99.881743 ] }, { "date": "2025-12-26", "close": 80.809998, "volume": 421073, "typical_volume": 531439.55, "trend": 100.111667, "fair_value": 106.352069, "relative_strength": -20.764243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.383024, "energy": 87.544363, "activity_lines": [ 83.208, 87.504364, 94.910096, 98.618366 ] }, { "date": "2026-01-02", "close": 83.550003, "volume": 199802, "typical_volume": 518992.9, "trend": 99.892667, "fair_value": 106.116996, "relative_strength": -18.263282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.436995, "energy": 78.495566, "activity_lines": [ 82.872001, 86.084546, 93.21062, 97.549872 ] }, { "date": "2026-01-09", "close": 77.099998, "volume": 302084, "typical_volume": 466739.65, "trend": 99.521334, "fair_value": 105.820904, "relative_strength": -22.07294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.978885, "energy": 82.838093, "activity_lines": [ 80.763334, 83.822364, 91.05381, 96.079377 ] }, { "date": "2026-01-16", "close": 78.010002, "volume": 377085, "typical_volume": 460207.85, "trend": 99.254001, "fair_value": 105.539986, "relative_strength": -20.59318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.977608, "energy": 78.733232, "activity_lines": [ 79.492001, 82.16091, 89.185953, 94.691549 ] }, { "date": "2026-01-23", "close": 71.050003, "volume": 255808, "typical_volume": 354471.1, "trend": 98.472334, "fair_value": 105.195086, "relative_strength": -25.20142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.958824, "energy": 81.504742, "activity_lines": [ 76.433335, 79.591092, 86.818239, 92.871936 ] }, { "date": "2026-01-30", "close": 71.800003, "volume": 334909, "typical_volume": 349931.2, "trend": 97.832001, "fair_value": 104.864442, "relative_strength": -24.657608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.355996, "energy": 83.711597, "activity_lines": [ 74.332002, 77.648183, 84.743715, 91.151141 ] }, { "date": "2026-02-06", "close": 72.970001, "volume": 222581, "typical_volume": 338478.4, "trend": 97.307001, "fair_value": 104.551751, "relative_strength": -24.033848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.766493, "energy": 73.488588, "activity_lines": [ 73.221335, 76.29182, 82.984525, 89.547141 ] }, { "date": "2026-02-13", "close": 66.510002, "volume": 514121, "typical_volume": 328366.45, "trend": 96.402334, "fair_value": 104.182414, "relative_strength": -29.807586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.889631, "energy": 74.964054, "activity_lines": [ 70.662669, 74.056183, 80.786763, 87.560238 ] }, { "date": "2026-02-20", "close": 66.760002, "volume": 568476, "typical_volume": 343376.85, "trend": 95.168334, "fair_value": 103.822583, "relative_strength": -29.36597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.98938, "energy": 71.780061, "activity_lines": [ 68.893335, 72.204184, 78.808144, 85.647829 ] }, { "date": "2026-02-27", "close": 65.540001, "volume": 454865, "typical_volume": 347830.6, "trend": 93.272001, "fair_value": 103.457987, "relative_strength": -29.25729, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.424631, "energy": 68.428334, "activity_lines": [ 67.467335, 70.480183, 76.92462, 83.736324 ] }, { "date": "2026-03-06", "close": 62.59, "volume": 424717, "typical_volume": 352150.6, "trend": 91.459001, "fair_value": 103.07244, "relative_strength": -30.036395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.620258, "energy": 80.247548, "activity_lines": [ 65.425334, 68.51291, 74.951192, 81.75684 ] }, { "date": "2026-03-13", "close": 59.43, "volume": 603713, "typical_volume": 371553.7, "trend": 89.556334, "fair_value": 102.664567, "relative_strength": -29.525582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.092011, "energy": 84.422366, "activity_lines": [ 62.944001, 66.302365, 72.851811, 79.690453 ] }, { "date": "2026-03-20", "close": 59.389999, "volume": 507599, "typical_volume": 379577.45, "trend": 87.550001, "fair_value": 102.263876, "relative_strength": -29.138281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.473347, "energy": 84.94493, "activity_lines": [ 61.352, 64.523092, 70.950001, 77.744237 ] }, { "date": "2026-03-27", "close": 52.580002, "volume": 1201901, "typical_volume": 427809.45, "trend": 85.561334, "fair_value": 101.808061, "relative_strength": -36.152058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.694466, "energy": 91.56431, "activity_lines": [ 57.964667, 61.827637, 68.597953, 75.488108 ] }, { "date": "2026-04-03", "close": 53.360001, "volume": 948729, "typical_volume": 463001.65, "trend": 83.419334, "fair_value": 101.367624, "relative_strength": -34.378331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.987038, "energy": 83.598651, "activity_lines": [ 55.782667, 59.736364, 66.534811, 73.410603 ] }, { "date": "2026-04-10", "close": 62.110001, "volume": 844310, "typical_volume": 491927.65, "trend": 81.669001, "fair_value": 101.013952, "relative_strength": -27.48825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.868516, "energy": 65.358405, "activity_lines": [ 57.329334, 59.557637, 65.517715, 72.035807 ] }, { "date": "2026-04-17", "close": 63.900002, "volume": 477098, "typical_volume": 498244.4, "trend": 80.130001, "fair_value": 100.682577, "relative_strength": -25.954914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.360478, "energy": 57.014486, "activity_lines": [ 59.504668, 59.880546, 64.815144, 70.88942 ] }, { "date": "2026-04-24", "close": 60.59, "volume": 657886, "typical_volume": 511382.95, "trend": 78.565334, "fair_value": 100.327776, "relative_strength": -27.961245, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.227877, "energy": 43.506697, "activity_lines": [ 60.278668, 59.766546, 63.917858, 69.628775 ] }, { "date": "2026-05-01", "close": 60.790001, "volume": 418776, "typical_volume": 508857.4, "trend": 76.887334, "fair_value": 99.980953, "relative_strength": -27.577993, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.922274, "energy": 31.402474, "activity_lines": [ 61.039334, 59.796546, 63.156382, 68.481979 ] }, { "date": "2026-05-08", "close": 64.160004, "volume": 742733, "typical_volume": 523913.3, "trend": 75.504001, "fair_value": 99.669466, "relative_strength": -23.770367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.2656, "energy": 24.95182, "activity_lines": [ 62.376002, 60.54782, 62.835906, 67.660861 ] }, { "date": "2026-05-15", "close": 61.759998, "volume": 619391, "typical_volume": 533829.2, "trend": 74.251334, "fair_value": 99.342661, "relative_strength": -24.470085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.988508, "energy": 25.546715, "activity_lines": [ 62.192667, 60.887819, 62.370191, 66.774152 ] }, { "date": "2026-05-22", "close": 61.110001, "volume": 290878, "typical_volume": 538383.0, "trend": 72.897668, "fair_value": 99.015886, "relative_strength": -24.996736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.959349, "energy": 23.621205, "activity_lines": [ 61.816001, 61.124728, 61.933287, 65.926324 ] }, { "date": "2026-05-29", "close": 59.919998, "volume": 201709, "typical_volume": 533364.25, "trend": 71.527001, "fair_value": 98.684565, "relative_strength": -25.479053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.971057, "energy": 25.664061, "activity_lines": [ 61.228666, 61.114728, 61.489905, 65.089055 ] }, { "date": "2026-06-05", "close": 59.700001, "volume": 35577, "typical_volume": 516288.85, "trend": 70.262001, "fair_value": 98.356963, "relative_strength": -24.732516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.624401, "energy": 32.861768, "activity_lines": [ 60.612667, 61.055091, 61.107382, 64.326022 ] }, { "date": "2026-06-12", "close": 59.43, "volume": 29799, "typical_volume": 504988.4, "trend": 68.975334, "fair_value": 98.032572, "relative_strength": -25.440324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.976445, "energy": 31.032577, "activity_lines": [ 59.979333, 60.816909, 60.786334, 63.627184 ] }, { "date": "2026-06-19", "close": 58.490002, "volume": 113388, "typical_volume": 493912.35, "trend": 67.846334, "fair_value": 97.705774, "relative_strength": -27.402373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.683701, "energy": 36.765813, "activity_lines": [ 59.348001, 60.297455, 60.431096, 62.950711 ] }, { "date": "2026-06-26", "close": 58.18, "volume": 0, "typical_volume": 482783.3, "trend": 66.812001, "fair_value": 97.381792, "relative_strength": -27.388432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.647689, "energy": 41.455972, "activity_lines": [ 58.831334, 59.787455, 60.109715, 62.327076 ] }, { "date": "2026-07-03", "close": 58.119999, "volume": 163548, "typical_volume": 465254.65, "trend": 65.912334, "fair_value": 97.062591, "relative_strength": -27.612316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.018903, "energy": 43.360446, "activity_lines": [ 58.49, 59.370546, 59.853048, 61.766302 ] }, { "date": "2026-07-10", "close": 55.200001, "volume": 588775, "typical_volume": 466269.6, "trend": 64.885668, "fair_value": 96.724989, "relative_strength": -30.564031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.012617, "energy": 58.801924, "activity_lines": [ 57.295334, 58.467637, 59.358239, 61.075183 ] }, { "date": "2026-07-17", "close": 62.450001, "volume": 3447955, "typical_volume": 615924.1, "trend": 64.245334, "fair_value": 96.450789, "relative_strength": -21.309783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.177769, "energy": 26.612159, "activity_lines": [ 58.817334, 58.984546, 59.608953, 60.918044 ] }, { "date": "2026-07-24", "close": 55.66, "volume": 619598, "typical_volume": 625668.15, "trend": 63.407001, "fair_value": 96.127053, "relative_strength": -27.406672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.714197, "energy": 35.091783, "activity_lines": [ 57.874667, 58.298, 59.227715, 60.364151 ] }, { "date": "2026-07-31", "close": 60.380001, "volume": 1766915, "typical_volume": 683828.25, "trend": 62.634667, "fair_value": 95.84558, "relative_strength": -22.075805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.541868, "energy": 18.999805, "activity_lines": [ 58.694001, 58.580546, 59.329001, 60.168861 ] }, { "date": "2026-08-07", "close": 62.139999, "volume": 8746528, "typical_volume": 1095774.7, "trend": 62.136001, "fair_value": 95.582255, "relative_strength": -19.305207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.40753, "energy": 11.386813, "activity_lines": [ 59.953333, 59.196364, 59.593381, 60.136947 ] } ], "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." } } }