{ "ticker": { "uuid": "fc782afd-2d5c-4d7d-a55f-cb243ac1de1f", "symbol": "GTPL", "name": "GTPL Hathway 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.398, "architecture_energy": 45.065, "architecture_maturity": 32.083, "architecture_confidence": 89.884, "architecture_tenure": "Developing", "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": 20.21, "rotation_up": 18.66, "upward_expansion": 5.23, "deceleration": 56.11, "rotation_down": 61.14, "downward_expansion": 80.89 }, "activity_lines": [ 60.578667, 61.294364, 63.304857, 63.971075 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.833333 }, "latest_close": 59.790001, "trend_reference": 66.190666, "distance_from_trend": -0.0967, "trend_direction": "Weakening", "fair_value": 126.473955, "distance_from_fair_value": -0.527254, "fair_value_direction": "Weakening", "relative_strength": -27.07706, "relative_strength_direction": "Weakening", "price_momentum": -0.225819, "excess_performance": -0.18211, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.0967, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.162546, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.527254, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.057959, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.270771, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.021051, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.225819, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.515795, "read": "Supply-led" } ], "volume": { "latest": 125756, "relative_activity": 0.455712, "balance": 0.515795, "dry_up": 0.817587, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.05922, "annualized_volatility": 0.402438, "from_high_reference": -0.494701, "from_low_reference": 0.086893 }, "levels": { "trend_reference": 66.190666, "fair_value_reference": 126.473955, "structural_low": 55.009998, "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": 35, "median_return": -0.013692, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.023195, "regime_survival": 0.857143, "best_return": 0.184846, "worst_return": -0.206526, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.105926, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.100444, "regime_survival": 0.75, "best_return": 0.247548, "worst_return": -0.260591, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.133506, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.193087, "regime_survival": 0.571429, "best_return": 0.655683, "worst_return": -0.348494, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.352406, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.376901, "regime_survival": 0.5, "best_return": 0.590473, "worst_return": -0.409837, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-03-29", "tenure": "New", "return": 0.014625, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-05", "end": "2024-04-12", "tenure": "New", "return": 0.030735, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-05-31", "tenure": "Developing", "return": -0.075685, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-09-13", "tenure": "Established", "return": -0.014327, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-10-25", "tenure": "Developing", "return": -0.134366, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-06-13", "tenure": "Extended", "return": -0.226006, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": -0.010374, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": 0.059997, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-08-22", "tenure": "New", "return": -0.0073, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-10-10", "tenure": "Developing", "return": -0.065355, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-11-07", "tenure": "New", "return": 0.004856, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-14", "end": "2026-05-22", "tenure": "Extended", "return": -0.356221, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-29", "end": "2026-06-12", "tenure": "New", "return": -0.031822, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": -0.069706, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 132.765274, "volume": 262599, "typical_volume": 466212.8, "trend": 107.960537, "fair_value": 147.191146, "relative_strength": 2.754105, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.40685, "energy": 85.313137, "activity_lines": [ 129.390636, 122.823881, 114.693299, 110.766875 ] }, { "date": "2023-08-25", "close": 140.928238, "volume": 2002622, "typical_volume": 553440.95, "trend": 108.833129, "fair_value": 147.497063, "relative_strength": 9.851115, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.877527, "energy": 81.465389, "activity_lines": [ 133.584705, 127.050363, 117.708052, 112.893823 ] }, { "date": "2023-09-01", "close": 144.352936, "volume": 491756, "typical_volume": 564939.15, "trend": 109.871482, "fair_value": 147.876863, "relative_strength": 12.170203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.255758, "energy": 80.369098, "activity_lines": [ 138.000835, 131.319496, 120.860195, 115.185424 ] }, { "date": "2023-09-08", "close": 165.088699, "volume": 1309452, "typical_volume": 586506.4, "trend": 111.500946, "fair_value": 148.398816, "relative_strength": 26.106288, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.192564, "energy": 92.162623, "activity_lines": [ 148.109135, 138.6508, 125.80287, 118.747825 ] }, { "date": "2023-09-15", "close": 172.313385, "volume": 922215, "typical_volume": 619925.05, "trend": 113.535429, "fair_value": 148.964196, "relative_strength": 29.435626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.768882, "energy": 94.156739, "activity_lines": [ 157.973485, 146.1962, 131.111694, 122.671208 ] }, { "date": "2023-09-22", "close": 163.996826, "volume": 868504, "typical_volume": 654383.55, "trend": 115.510059, "fair_value": 149.516077, "relative_strength": 26.699992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.298655, "energy": 87.374618, "activity_lines": [ 162.275858, 151.061779, 135.276166, 125.926782 ] }, { "date": "2023-09-29", "close": 163.325104, "volume": 272901, "typical_volume": 662146.65, "trend": 117.448225, "fair_value": 150.056439, "relative_strength": 26.428829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.710953, "energy": 81.086279, "activity_lines": [ 164.272221, 154.786157, 139.074022, 129.011623 ] }, { "date": "2023-10-06", "close": 172.345413, "volume": 2949321, "typical_volume": 803946.15, "trend": 119.688632, "fair_value": 150.48701, "relative_strength": 33.2528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.884548, "energy": 67.959347, "activity_lines": [ 167.782229, 159.492602, 143.425703, 132.553377 ] }, { "date": "2023-10-13", "close": 171.769653, "volume": 462337, "typical_volume": 816099.05, "trend": 122.196019, "fair_value": 150.874944, "relative_strength": 32.064417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.537093, "energy": 62.612461, "activity_lines": [ 169.234151, 163.252749, 147.367865, 135.913443 ] }, { "date": "2023-10-20", "close": 163.612991, "volume": 521355, "typical_volume": 833813.5, "trend": 124.494068, "fair_value": 151.242614, "relative_strength": 26.909464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.916284, "energy": 59.343186, "activity_lines": [ 167.521789, 164.685074, 150.191312, 138.585506 ] }, { "date": "2023-10-27", "close": 152.433563, "volume": 456132, "typical_volume": 838684.85, "trend": 126.521116, "fair_value": 151.5617, "relative_strength": 21.139731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.292202, "energy": 45.146815, "activity_lines": [ 162.662978, 163.482112, 151.659513, 140.388054 ] }, { "date": "2023-11-03", "close": 166.299881, "volume": 506374, "typical_volume": 846875.25, "trend": 128.688236, "fair_value": 151.972558, "relative_strength": 30.318215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.32087, "energy": 39.251793, "activity_lines": [ 163.197157, 164.442694, 154.226203, 142.954426 ] }, { "date": "2023-11-10", "close": 168.411026, "volume": 742772, "typical_volume": 868809.3, "trend": 130.780295, "fair_value": 152.400699, "relative_strength": 30.022296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.479995, "energy": 35.963204, "activity_lines": [ 164.236732, 165.325818, 156.721227, 145.517187 ] }, { "date": "2023-11-17", "close": 174.312592, "volume": 848319, "typical_volume": 906745.45, "trend": 133.341171, "fair_value": 152.806664, "relative_strength": 31.931322, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.847562, "energy": 42.09128, "activity_lines": [ 167.505788, 166.844534, 159.478322, 148.325722 ] }, { "date": "2023-11-24", "close": 169.418625, "volume": 342605, "typical_volume": 911205.2, "trend": 135.710766, "fair_value": 153.198279, "relative_strength": 27.392913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.39331, "energy": 42.852756, "activity_lines": [ 168.973993, 167.30573, 161.437443, 150.6533 ] }, { "date": "2023-12-01", "close": 169.274658, "volume": 182648, "typical_volume": 907360.9, "trend": 138.005193, "fair_value": 153.563872, "relative_strength": 23.826937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.772265, "energy": 40.987264, "activity_lines": [ 170.007167, 167.793383, 163.090805, 152.818712 ] }, { "date": "2023-12-08", "close": 166.731705, "volume": 566305, "typical_volume": 764551.75, "trend": 140.255513, "fair_value": 153.892682, "relative_strength": 17.611866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.198146, "energy": 38.024955, "activity_lines": [ 169.069949, 167.72272, 164.209949, 154.672035 ] }, { "date": "2023-12-15", "close": 161.693771, "volume": 272732, "typical_volume": 748339.45, "trend": 142.383251, "fair_value": 154.229874, "relative_strength": 11.360984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.496685, "energy": 26.037158, "activity_lines": [ 166.424633, 166.674131, 164.660738, 156.055149 ] }, { "date": "2023-12-22", "close": 183.95665, "volume": 3091167, "typical_volume": 887305.7, "trend": 145.182715, "fair_value": 154.67083, "relative_strength": 26.584797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.633165, "energy": 39.787791, "activity_lines": [ 171.648093, 169.867005, 167.0621, 158.737304 ] }, { "date": "2023-12-29", "close": 183.38089, "volume": 1709671, "typical_volume": 939089.35, "trend": 147.875415, "fair_value": 155.054436, "relative_strength": 23.550157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.273856, "energy": 41.341147, "activity_lines": [ 176.036695, 172.733613, 169.12934, 161.201702 ] }, { "date": "2024-01-05", "close": 188.034988, "volume": 1070267, "typical_volume": 979472.75, "trend": 150.616914, "fair_value": 155.369788, "relative_strength": 26.320996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.430106, "energy": 55.433694, "activity_lines": [ 181.045846, 176.087004, 171.387854, 163.792642 ] }, { "date": "2024-01-12", "close": 188.130951, "volume": 5003308, "typical_volume": 1129507.05, "trend": 153.253712, "fair_value": 155.772592, "relative_strength": 24.75714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.693341, "energy": 64.113937, "activity_lines": [ 184.836297, 178.810544, 173.392317, 166.212903 ] }, { "date": "2024-01-19", "close": 189.618347, "volume": 917378, "typical_volume": 1150788.15, "trend": 156.0605, "fair_value": 156.223012, "relative_strength": 26.554749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.710108, "energy": 60.23156, "activity_lines": [ 187.695929, 181.407592, 175.313663, 168.559008 ] }, { "date": "2024-01-26", "close": 190.865829, "volume": 1540267, "typical_volume": 1162328.9, "trend": 158.935456, "fair_value": 156.712585, "relative_strength": 28.136211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.026396, "energy": 53.069556, "activity_lines": [ 189.10975, 183.845867, 177.138267, 170.804513 ] }, { "date": "2024-02-02", "close": 178.822769, "volume": 1240626, "typical_volume": 1178249.45, "trend": 161.293256, "fair_value": 157.089475, "relative_strength": 16.705218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.729811, "energy": 37.839688, "activity_lines": [ 186.048606, 183.793526, 177.693165, 172.087566 ] }, { "date": "2024-02-09", "close": 186.45163, "volume": 1243607, "typical_volume": 1197004.6, "trend": 163.910043, "fair_value": 157.515556, "relative_strength": 21.399101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.957835, "energy": 34.370916, "activity_lines": [ 185.834291, 184.957267, 178.943624, 173.710687 ] }, { "date": "2024-02-16", "close": 200.557861, "volume": 3541950, "typical_volume": 1360457.05, "trend": 166.357449, "fair_value": 158.075913, "relative_strength": 28.041886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.434448, "energy": 39.961709, "activity_lines": [ 190.427609, 188.373468, 181.430606, 176.075062 ] }, { "date": "2024-02-23", "close": 192.353226, "volume": 1349010, "typical_volume": 1280441.5, "trend": 168.567334, "fair_value": 158.603582, "relative_strength": 20.981507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.325658, "energy": 34.424493, "activity_lines": [ 191.457589, 189.682897, 182.958895, 177.752209 ] }, { "date": "2024-03-01", "close": 189.090561, "volume": 652277, "typical_volume": 1289938.5, "trend": 170.693485, "fair_value": 159.106008, "relative_strength": 17.473539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.31059, "energy": 33.469051, "activity_lines": [ 191.217688, 189.841669, 184.081179, 179.076288 ] }, { "date": "2024-03-08", "close": 167.211517, "volume": 632514, "typical_volume": 1295496.45, "trend": 171.918319, "fair_value": 159.462704, "relative_strength": 2.783187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.561736, "energy": 13.659176, "activity_lines": [ 183.803124, 185.92909, 183.037264, 178.851645 ] }, { "date": "2024-03-15", "close": 157.471512, "volume": 613925, "typical_volume": 1303386.1, "trend": 172.74186, "fair_value": 159.798506, "relative_strength": -1.531105, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.08963, "energy": 11.968407, "activity_lines": [ 173.915975, 180.539588, 181.048593, 177.919593 ] }, { "date": "2024-03-22", "close": 167.11554, "volume": 778257, "typical_volume": 1316980.25, "trend": 173.61477, "fair_value": 160.232767, "relative_strength": 3.610113, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.143301, "energy": 21.830854, "activity_lines": [ 169.17551, 177.459247, 179.954412, 177.556604 ] }, { "date": "2024-03-29", "close": 159.774551, "volume": 295791, "typical_volume": 1294631.2, "trend": 174.128824, "fair_value": 160.538328, "relative_strength": -2.445104, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.891049, "energy": 32.638834, "activity_lines": [ 164.217536, 173.426278, 178.157204, 176.663687 ] }, { "date": "2024-04-05", "close": 171.721664, "volume": 252453, "typical_volume": 1264837.9, "trend": 174.349923, "fair_value": 160.904028, "relative_strength": 3.471728, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.589518, "energy": 35.195682, "activity_lines": [ 165.413846, 172.108126, 177.538942, 176.508386 ] }, { "date": "2024-04-12", "close": 176.999512, "volume": 352692, "typical_volume": 1265342.25, "trend": 174.506127, "fair_value": 161.28279, "relative_strength": 6.089699, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.262844, "energy": 18.960043, "activity_lines": [ 169.527364, 172.097658, 177.435671, 176.679328 ] }, { "date": "2024-04-19", "close": 169.898422, "volume": 1848096, "typical_volume": 1348614.65, "trend": 174.702847, "fair_value": 161.609107, "relative_strength": 2.973793, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.124235, "energy": 11.029454, "activity_lines": [ 170.621319, 170.829234, 176.620006, 176.382056 ] }, { "date": "2024-04-26", "close": 172.105515, "volume": 304167, "typical_volume": 1335507.75, "trend": 174.995527, "fair_value": 161.968037, "relative_strength": 2.450942, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.560525, "energy": 6.535864, "activity_lines": [ 171.622512, 170.263066, 176.01157, 176.214487 ] }, { "date": "2024-05-03", "close": 175.224243, "volume": 845236, "typical_volume": 1364132.95, "trend": 175.091488, "fair_value": 162.298491, "relative_strength": 3.453975, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.672165, "energy": 6.65992, "activity_lines": [ 173.330615, 170.781256, 175.674566, 176.229243 ] }, { "date": "2024-05-10", "close": 168.746902, "volume": 614837, "typical_volume": 1240316.45, "trend": 174.99073, "fair_value": 162.596944, "relative_strength": 0.954478, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.720598, "energy": 7.399921, "activity_lines": [ 171.849626, 170.433183, 174.656241, 175.819914 ] }, { "date": "2024-05-17", "close": 166.731705, "volume": 349667, "typical_volume": 1172316.25, "trend": 175.094687, "fair_value": 162.821319, "relative_strength": -2.581151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -24.147061, "energy": 16.012508, "activity_lines": [ 169.895221, 170.088595, 173.51842, 175.287074 ] }, { "date": "2024-05-24", "close": 165.292313, "volume": 286157, "typical_volume": 1133110.75, "trend": 175.523312, "fair_value": 163.058392, "relative_strength": -5.914289, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.720946, "energy": 32.426324, "activity_lines": [ 168.145539, 169.491023, 172.322797, 174.654663 ] }, { "date": "2024-05-31", "close": 157.039688, "volume": 188632, "typical_volume": 892376.95, "trend": 175.214639, "fair_value": 163.088798, "relative_strength": -9.247151, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.088259, "energy": 52.412601, "activity_lines": [ 163.952057, 167.250778, 170.449507, 173.462171 ] }, { "date": "2024-06-07", "close": 166.107971, "volume": 439844, "typical_volume": 868500.25, "trend": 175.13787, "fair_value": 163.111845, "relative_strength": -7.468865, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.06236, "energy": 46.683649, "activity_lines": [ 163.785724, 166.842509, 169.587917, 172.874644 ] }, { "date": "2024-06-14", "close": 163.315506, "volume": 266501, "typical_volume": 804811.95, "trend": 174.771301, "fair_value": 163.235274, "relative_strength": -9.967108, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.424511, "energy": 46.751606, "activity_lines": [ 163.296321, 165.811366, 168.572332, 172.111911 ] }, { "date": "2024-06-21", "close": 166.55899, "volume": 215701, "typical_volume": 753565.7, "trend": 174.67598, "fair_value": 163.316892, "relative_strength": -8.644934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.261889, "energy": 39.818292, "activity_lines": [ 164.250172, 165.522786, 167.996843, 171.582084 ] }, { "date": "2024-06-28", "close": 168.679718, "volume": 997163, "typical_volume": 741243.5, "trend": 174.656148, "fair_value": 163.338827, "relative_strength": -9.796755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.99293, "energy": 19.194578, "activity_lines": [ 165.922447, 165.809621, 167.681726, 171.195229 ] }, { "date": "2024-07-05", "close": 169.668106, "volume": 376812, "typical_volume": 582986.6, "trend": 174.754028, "fair_value": 163.363348, "relative_strength": -10.741738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.833967, "energy": 14.954541, "activity_lines": [ 167.698357, 166.298321, 167.54537, 170.87342 ] }, { "date": "2024-07-12", "close": 161.309937, "volume": 603275, "typical_volume": 545699.85, "trend": 174.741234, "fair_value": 163.240818, "relative_strength": -15.9767, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.655603, "energy": 18.762457, "activity_lines": [ 165.846317, 165.311671, 166.760092, 170.006059 ] }, { "date": "2024-07-19", "close": 157.999283, "volume": 352195, "typical_volume": 530695.75, "trend": 173.875988, "fair_value": 163.183326, "relative_strength": -17.798003, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.281119, "energy": 29.354165, "activity_lines": [ 163.210594, 163.976071, 165.807339, 168.925933 ] }, { "date": "2024-07-26", "close": 157.912918, "volume": 216870, "typical_volume": 509913.55, "trend": 173.027056, "fair_value": 163.090661, "relative_strength": -18.836915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.364928, "energy": 42.026065, "activity_lines": [ 160.900498, 162.820179, 164.994414, 167.896058 ] }, { "date": "2024-08-02", "close": 159.179611, "volume": 293783, "typical_volume": 493906.45, "trend": 172.06521, "fair_value": 162.944956, "relative_strength": -17.802052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.160437, "energy": 48.060132, "activity_lines": [ 159.589037, 162.054937, 164.346405, 167.002674 ] }, { "date": "2024-08-09", "close": 153.844208, "volume": 258094, "typical_volume": 467898.3, "trend": 170.922319, "fair_value": 162.541179, "relative_strength": -19.335903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.02228, "energy": 58.341218, "activity_lines": [ 157.132449, 160.430761, 163.182129, 165.827125 ] }, { "date": "2024-08-16", "close": 151.944168, "volume": 81477, "typical_volume": 457182.6, "trend": 169.666513, "fair_value": 162.24031, "relative_strength": -20.762692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.158928, "energy": 59.618626, "activity_lines": [ 155.097442, 158.519224, 161.900094, 164.602729 ] }, { "date": "2024-08-23", "close": 160.062454, "volume": 221527, "typical_volume": 455636.3, "trend": 168.639733, "fair_value": 161.96684, "relative_strength": -17.300919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.853786, "energy": 40.541192, "activity_lines": [ 156.392914, 158.341262, 161.428516, 163.983112 ] }, { "date": "2024-08-30", "close": 158.824539, "volume": 356870, "typical_volume": 455845.2, "trend": 167.973126, "fair_value": 161.691595, "relative_strength": -19.056303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.690677, "energy": 32.659622, "activity_lines": [ 157.138203, 157.997371, 160.894562, 163.349874 ] }, { "date": "2024-09-06", "close": 159.851334, "volume": 228102, "typical_volume": 374845.5, "trend": 167.086449, "fair_value": 161.375117, "relative_strength": -16.885013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.14176, "energy": 24.212202, "activity_lines": [ 158.164982, 157.980796, 160.544945, 162.825887 ] }, { "date": "2024-09-13", "close": 163.728134, "volume": 238283, "typical_volume": 371551.3, "trend": 165.858792, "fair_value": 161.039489, "relative_strength": -16.129757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.253403, "energy": 15.397077, "activity_lines": [ 160.439247, 158.829611, 160.612391, 162.609222 ] }, { "date": "2024-09-20", "close": 165.693878, "volume": 526326, "typical_volume": 355605.8, "trend": 164.970147, "fair_value": 160.789504, "relative_strength": -16.152292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.584716, "energy": 12.995272, "activity_lines": [ 162.709831, 160.143832, 160.906943, 162.598582 ] }, { "date": "2024-09-27", "close": 164.101501, "volume": 586871, "typical_volume": 354207.5, "trend": 164.137178, "fair_value": 160.118924, "relative_strength": -17.766128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.301385, "energy": 15.224338, "activity_lines": [ 163.532975, 161.088823, 161.095222, 162.54254 ] }, { "date": "2024-10-04", "close": 165.379333, "volume": 330090, "typical_volume": 353228.65, "trend": 164.076105, "fair_value": 159.438055, "relative_strength": -12.793507, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.00432, "energy": 16.184033, "activity_lines": [ 164.512794, 162.155197, 161.42732, 162.622679 ] }, { "date": "2024-10-11", "close": 158.980408, "volume": 397688, "typical_volume": 358805.2, "trend": 164.126402, "fair_value": 158.739928, "relative_strength": -15.499571, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.945057, "energy": 11.720776, "activity_lines": [ 162.922651, 161.922378, 161.156437, 162.293925 ] }, { "date": "2024-10-18", "close": 154.517853, "volume": 494242, "typical_volume": 374085.7, "trend": 163.706479, "fair_value": 158.169547, "relative_strength": -17.05119, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.264677, "energy": 18.591058, "activity_lines": [ 159.903052, 160.881806, 160.490606, 161.674018 ] }, { "date": "2024-10-25", "close": 143.430313, "volume": 183835, "typical_volume": 361285.25, "trend": 163.161671, "fair_value": 157.561533, "relative_strength": -20.436619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.523651, "energy": 57.246958, "activity_lines": [ 153.801625, 157.81307, 158.780827, 160.365879 ] }, { "date": "2024-11-01", "close": 146.34964, "volume": 435565, "typical_volume": 369738.45, "trend": 162.315937, "fair_value": 156.876603, "relative_strength": -18.679019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.967157, "energy": 65.814222, "activity_lines": [ 150.157544, 155.429919, 157.457068, 159.281231 ] }, { "date": "2024-11-08", "close": 145.720566, "volume": 167703, "typical_volume": 367338.55, "trend": 161.273305, "fair_value": 156.16212, "relative_strength": -17.943389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.809464, "energy": 70.587861, "activity_lines": [ 147.48723, 153.181714, 156.154187, 158.210562 ] }, { "date": "2024-11-15", "close": 140.176804, "volume": 107286, "typical_volume": 322844.7, "trend": 160.282585, "fair_value": 155.501276, "relative_strength": -18.386485, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.395095, "energy": 76.889605, "activity_lines": [ 144.279579, 150.163806, 154.422559, 156.849498 ] }, { "date": "2024-11-22", "close": 137.001907, "volume": 77780, "typical_volume": 307893.1, "trend": 159.112464, "fair_value": 154.890189, "relative_strength": -20.89515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.901346, "energy": 77.88645, "activity_lines": [ 141.267203, 146.926363, 152.524288, 155.347519 ] }, { "date": "2024-11-29", "close": 143.833328, "volume": 81555, "typical_volume": 281807.1, "trend": 158.066101, "fair_value": 154.199102, "relative_strength": -17.195431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.444653, "energy": 66.400728, "activity_lines": [ 141.699697, 145.416928, 151.432183, 154.361768 ] }, { "date": "2024-12-06", "close": 143.93161, "volume": 113417, "typical_volume": 269868.2, "trend": 157.238924, "fair_value": 153.488112, "relative_strength": -18.513269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.735733, "energy": 52.244124, "activity_lines": [ 142.138084, 144.322827, 150.432659, 153.449865 ] }, { "date": "2024-12-13", "close": 141.179398, "volume": 96093, "typical_volume": 263829.35, "trend": 156.387181, "fair_value": 152.873589, "relative_strength": -19.968725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.938887, "energy": 44.841821, "activity_lines": [ 141.820269, 143.095049, 149.238009, 152.413767 ] }, { "date": "2024-12-20", "close": 136.41214, "volume": 70234, "typical_volume": 252651.9, "trend": 155.424508, "fair_value": 152.245521, "relative_strength": -18.174083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.302334, "energy": 46.119632, "activity_lines": [ 140.216112, 141.440496, 147.669017, 151.125054 ] }, { "date": "2024-12-27", "close": 135.193298, "volume": 82359, "typical_volume": 243865.15, "trend": 154.696295, "fair_value": 151.567399, "relative_strength": -19.066401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.343156, "energy": 50.380301, "activity_lines": [ 138.456653, 139.974667, 146.092362, 149.819815 ] }, { "date": "2025-01-03", "close": 137.395081, "volume": 58504, "typical_volume": 242716.5, "trend": 153.739199, "fair_value": 150.872589, "relative_strength": -17.741571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.281858, "energy": 55.213816, "activity_lines": [ 137.551695, 139.260518, 144.814215, 148.703608 ] }, { "date": "2025-01-10", "close": 128.302902, "volume": 1848946, "typical_volume": 324087.45, "trend": 152.572112, "fair_value": 150.099549, "relative_strength": -20.621983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.46887, "energy": 66.029316, "activity_lines": [ 134.045227, 137.002977, 142.739427, 147.062556 ] }, { "date": "2025-01-17", "close": 116.999115, "volume": 490835, "typical_volume": 330785.7, "trend": 150.920116, "fair_value": 149.319758, "relative_strength": -26.135675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.425639, "energy": 81.596787, "activity_lines": [ 127.812744, 133.018325, 139.739324, 144.767524 ] }, { "date": "2025-01-24", "close": 116.861504, "volume": 538045, "typical_volume": 346282.85, "trend": 149.192842, "fair_value": 148.61858, "relative_strength": -25.049087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.371812, "energy": 84.116614, "activity_lines": [ 123.14641, 129.530861, 136.925283, 142.570194 ] }, { "date": "2025-01-31", "close": 112.595558, "volume": 285506, "typical_volume": 348644.0, "trend": 147.290424, "fair_value": 147.970433, "relative_strength": -28.371405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.319282, "energy": 89.278918, "activity_lines": [ 118.361469, 125.691684, 133.909676, 140.209079 ] }, { "date": "2025-02-07", "close": 112.379311, "volume": 978610, "typical_volume": 371258.2, "trend": 145.659403, "fair_value": 147.387489, "relative_strength": -27.879331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.798658, "energy": 88.293823, "activity_lines": [ 115.010962, 122.256942, 131.116962, 137.956749 ] }, { "date": "2025-02-14", "close": 108.506531, "volume": 556040, "typical_volume": 369716.65, "trend": 144.009645, "fair_value": 146.853055, "relative_strength": -27.529059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.387081, "energy": 85.832008, "activity_lines": [ 112.037246, 118.689949, 128.209291, 135.55979 ] }, { "date": "2025-02-21", "close": 110.364281, "volume": 817015, "typical_volume": 394062.9, "trend": 142.42469, "fair_value": 146.387438, "relative_strength": -25.013878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.090203, "energy": 69.048893, "activity_lines": [ 111.002539, 116.104821, 125.743286, 133.389121 ] }, { "date": "2025-02-28", "close": 104.270073, "volume": 92889, "typical_volume": 378822.95, "trend": 140.594372, "fair_value": 145.859875, "relative_strength": -26.180344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.359929, "energy": 65.924424, "activity_lines": [ 108.378751, 112.971931, 122.958857, 130.927533 ] }, { "date": "2025-03-07", "close": 112.113914, "volume": 853159, "typical_volume": 396768.8, "trend": 139.203363, "fair_value": 145.521637, "relative_strength": -21.550898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.564837, "energy": 56.595092, "activity_lines": [ 109.209005, 111.849594, 121.181986, 129.090084 ] }, { "date": "2025-03-14", "close": 108.182159, "volume": 1038857, "typical_volume": 439519.9, "trend": 137.744629, "fair_value": 145.223905, "relative_strength": -23.2367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.389701, "energy": 52.792712, "activity_lines": [ 108.760784, 110.432018, 119.232586, 127.088716 ] }, { "date": "2025-03-21", "close": 112.153229, "volume": 1276195, "typical_volume": 481551.4, "trend": 136.147655, "fair_value": 144.852479, "relative_strength": -23.018234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.597703, "energy": 45.648173, "activity_lines": [ 109.916063, 110.267599, 117.829231, 125.437658 ] }, { "date": "2025-03-28", "close": 106.412872, "volume": 645918, "typical_volume": 505462.15, "trend": 134.400599, "fair_value": 144.459803, "relative_strength": -26.890067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.576912, "energy": 42.74939, "activity_lines": [ 108.914777, 109.353109, 116.042015, 123.519285 ] }, { "date": "2025-04-04", "close": 107.228706, "volume": 132337, "typical_volume": 506714.7, "trend": 132.646512, "fair_value": 143.894883, "relative_strength": -23.652884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.741977, "energy": 41.345754, "activity_lines": [ 108.448862, 108.779429, 114.519677, 121.76626 ] }, { "date": "2025-04-11", "close": 106.275269, "volume": 108406, "typical_volume": 508246.0, "trend": 130.731416, "fair_value": 143.388094, "relative_strength": -23.309431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.469642, "energy": 42.844585, "activity_lines": [ 107.467893, 108.207539, 113.063432, 120.064889 ] }, { "date": "2025-04-18", "close": 110.855751, "volume": 264385, "typical_volume": 517387.5, "trend": 128.903479, "fair_value": 142.935602, "relative_strength": -22.694918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.458821, "energy": 39.535567, "activity_lines": [ 108.402995, 108.583379, 112.18974, 118.782588 ] }, { "date": "2025-04-25", "close": 107.248375, "volume": 200299, "typical_volume": 521731.6, "trend": 127.008374, "fair_value": 142.517774, "relative_strength": -25.023423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.486184, "energy": 38.82099, "activity_lines": [ 107.957398, 108.331032, 111.129525, 117.385485 ] }, { "date": "2025-05-02", "close": 103.473885, "volume": 156022, "typical_volume": 524728.05, "trend": 124.944859, "fair_value": 142.172553, "relative_strength": -27.747272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.620825, "energy": 42.854112, "activity_lines": [ 106.580628, 107.415291, 109.884517, 115.867131 ] }, { "date": "2025-05-09", "close": 101.134499, "volume": 162170, "typical_volume": 529324.85, "trend": 123.016662, "fair_value": 141.880979, "relative_strength": -27.570268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.478479, "energy": 45.108981, "activity_lines": [ 104.619995, 106.199487, 108.59626, 114.330978 ] }, { "date": "2025-05-16", "close": 105.714989, "volume": 202170, "typical_volume": 535315.4, "trend": 121.3899, "fair_value": 141.604687, "relative_strength": -26.575591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.775702, "energy": 41.531545, "activity_lines": [ 104.592473, 105.873509, 107.912229, 113.214741 ] }, { "date": "2025-05-23", "close": 107.454788, "volume": 153564, "typical_volume": 540068.4, "trend": 120.190716, "fair_value": 141.377681, "relative_strength": -24.13753, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.021742, "energy": 38.414562, "activity_lines": [ 105.182236, 105.980203, 107.534265, 112.315702 ] }, { "date": "2025-05-30", "close": 110.551041, "volume": 165777, "typical_volume": 455909.95, "trend": 118.997429, "fair_value": 141.128223, "relative_strength": -20.960857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.907297, "energy": 25.73545, "activity_lines": [ 107.030814, 106.663076, 107.593756, 111.693787 ] }, { "date": "2025-06-06", "close": 109.224075, "volume": 102046, "typical_volume": 436470.5, "trend": 117.78088, "fair_value": 140.900332, "relative_strength": -21.963815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.573197, "energy": 16.839326, "activity_lines": [ 108.216892, 107.133814, 107.611402, 111.063248 ] }, { "date": "2025-06-13", "close": 113.273781, "volume": 796715, "typical_volume": 449404.0, "trend": 116.884112, "fair_value": 140.758545, "relative_strength": -17.46513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.848783, "energy": 11.479374, "activity_lines": [ 110.369526, 108.289749, 108.051759, 110.772468 ] }, { "date": "2025-06-20", "close": 117.490585, "volume": 6815226, "typical_volume": 775890.0, "trend": 116.233735, "fair_value": 140.650707, "relative_strength": -15.026169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.035572, "energy": 16.244957, "activity_lines": [ 113.118476, 110.102465, 108.9108, 110.811595 ] }, { "date": "2025-06-27", "close": 118.217957, "volume": 777835, "typical_volume": 765851.25, "trend": 115.379889, "fair_value": 140.521367, "relative_strength": -15.540107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.527951, "energy": 21.84332, "activity_lines": [ 115.324844, 111.843516, 109.815805, 110.939609 ] }, { "date": "2025-07-04", "close": 116.271744, "volume": 211743, "typical_volume": 748636.4, "trend": 114.457894, "fair_value": 140.328128, "relative_strength": -15.637954, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.753689, "energy": 32.337702, "activity_lines": [ 116.164929, 113.096852, 110.507653, 110.997148 ] }, { "date": "2025-07-11", "close": 113.863541, "volume": 594440, "typical_volume": 737507.65, "trend": 113.547365, "fair_value": 140.163357, "relative_strength": -15.747732, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.641208, "energy": 33.477858, "activity_lines": [ 115.8209, 113.748271, 110.933171, 110.958803 ] }, { "date": "2025-07-18", "close": 115.436249, "volume": 1134630, "typical_volume": 789594.7, "trend": 112.848169, "fair_value": 139.992128, "relative_strength": -13.400004, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.738777, "energy": 24.326982, "activity_lines": [ 115.691809, 114.496735, 111.491808, 111.080667 ] }, { "date": "2025-07-25", "close": 118.896187, "volume": 786483, "typical_volume": 786260.9, "trend": 112.304932, "fair_value": 139.800074, "relative_strength": -9.822009, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.581863, "energy": 22.94031, "activity_lines": [ 116.571867, 115.614246, 112.326791, 111.470861 ] }, { "date": "2025-08-01", "close": 120.694962, "volume": 226490, "typical_volume": 745642.55, "trend": 111.748261, "fair_value": 139.572938, "relative_strength": -6.930675, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.393341, "energy": 34.486875, "activity_lines": [ 117.957809, 116.819149, 113.300788, 112.012154 ] }, { "date": "2025-08-08", "close": 115.799927, "volume": 116094, "typical_volume": 687637.5, "trend": 111.331495, "fair_value": 139.345398, "relative_strength": -9.450034, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.049831, "energy": 30.328274, "activity_lines": [ 117.546939, 116.893316, 113.749008, 112.273551 ] }, { "date": "2025-08-15", "close": 114.00116, "volume": 56161, "typical_volume": 658149.65, "trend": 111.231563, "fair_value": 139.030845, "relative_strength": -11.318659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.824028, "energy": 26.676729, "activity_lines": [ 116.567934, 116.544999, 114.008551, 112.445788 ] }, { "date": "2025-08-22", "close": 114.954605, "volume": 107971, "typical_volume": 656931.35, "trend": 111.168, "fair_value": 138.756085, "relative_strength": -10.835704, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.081202, "energy": 18.999717, "activity_lines": [ 115.89757, 116.28318, 114.322763, 112.685984 ] }, { "date": "2025-08-29", "close": 113.283607, "volume": 60135, "typical_volume": 654517.8, "trend": 111.190935, "fair_value": 138.428212, "relative_strength": -9.984387, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.831568, "energy": 16.128291, "activity_lines": [ 114.702317, 115.686983, 114.441043, 112.822475 ] }, { "date": "2025-09-05", "close": 113.794731, "volume": 61155, "typical_volume": 644356.3, "trend": 111.238116, "fair_value": 138.107825, "relative_strength": -10.111489, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.643184, "energy": 15.32693, "activity_lines": [ 114.05161, 115.260208, 114.574628, 112.990462 ] }, { "date": "2025-09-12", "close": 112.910095, "volume": 59593, "typical_volume": 637321.0, "trend": 111.384901, "fair_value": 137.801615, "relative_strength": -11.482517, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.159238, "energy": 13.709344, "activity_lines": [ 113.566039, 114.753012, 114.609967, 113.098331 ] }, { "date": "2025-09-19", "close": 115.900002, "volume": 91955, "typical_volume": 634117.65, "trend": 111.569425, "fair_value": 137.538328, "relative_strength": -9.267887, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.813536, "energy": 11.705987, "activity_lines": [ 114.26976, 114.850557, 114.903099, 113.389628 ] }, { "date": "2025-09-26", "close": 109.870003, "volume": 98172, "typical_volume": 630917.75, "trend": 111.75609, "fair_value": 137.326306, "relative_strength": -11.02812, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 2.793486, "energy": 6.917978, "activity_lines": [ 112.836892, 113.814711, 114.562773, 113.279988 ] }, { "date": "2025-10-03", "close": 108.370003, "volume": 68065, "typical_volume": 624212.5, "trend": 111.631293, "fair_value": 137.063468, "relative_strength": -12.32716, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.373136, "energy": 24.542576, "activity_lines": [ 111.242997, 112.607343, 114.037992, 113.061531 ] }, { "date": "2025-10-10", "close": 105.879997, "volume": 82056, "typical_volume": 620637.1, "trend": 111.554554, "fair_value": 136.809028, "relative_strength": -14.948111, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.173013, "energy": 42.677725, "activity_lines": [ 109.146674, 111.138632, 113.263425, 112.690479 ] }, { "date": "2025-10-17", "close": 105.029999, "volume": 245953, "typical_volume": 624645.9, "trend": 111.317113, "fair_value": 136.60748, "relative_strength": -16.327202, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.687164, "energy": 50.955409, "activity_lines": [ 107.294667, 109.784738, 112.415405, 112.26954 ] }, { "date": "2025-10-24", "close": 105.870003, "volume": 46595, "typical_volume": 621873.35, "trend": 111.299017, "fair_value": 136.429662, "relative_strength": -15.327484, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.597584, "energy": 56.258604, "activity_lines": [ 106.248001, 108.77939, 111.673675, 111.918114 ] }, { "date": "2025-10-31", "close": 105.690002, "volume": 58196, "typical_volume": 584947.4, "trend": 111.247727, "fair_value": 136.280762, "relative_strength": -14.583232, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.993728, "energy": 57.830208, "activity_lines": [ 105.810001, 107.889153, 110.930775, 111.556242 ] }, { "date": "2025-11-07", "close": 105.540001, "volume": 44767, "typical_volume": 246424.45, "trend": 111.223218, "fair_value": 136.133306, "relative_strength": -13.278821, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.214851, "energy": 62.878293, "activity_lines": [ 105.600668, 107.140091, 110.209702, 111.188002 ] }, { "date": "2025-11-14", "close": 104.57, "volume": 60307, "typical_volume": 210548.05, "trend": 111.013693, "fair_value": 135.938734, "relative_strength": -14.802012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.221834, "energy": 57.57038, "activity_lines": [ 105.256668, 106.355457, 109.453155, 110.758762 ] }, { "date": "2025-11-21", "close": 101.150002, "volume": 95328, "typical_volume": 204727.3, "trend": 110.810414, "fair_value": 135.709909, "relative_strength": -17.4683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.505421, "energy": 63.238537, "activity_lines": [ 103.860001, 105.116728, 108.435885, 110.122395 ] }, { "date": "2025-11-28", "close": 99.580002, "volume": 67410, "typical_volume": 178375.8, "trend": 110.680618, "fair_value": 135.511617, "relative_strength": -18.446712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.727214, "energy": 73.044917, "activity_lines": [ 102.198668, 103.806365, 107.341099, 109.397852 ] }, { "date": "2025-12-05", "close": 98.940002, "volume": 73151, "typical_volume": 125301.85, "trend": 110.607468, "fair_value": 135.300202, "relative_strength": -18.226598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.266477, "energy": 77.434528, "activity_lines": [ 100.743335, 102.676365, 106.253378, 108.640393 ] }, { "date": "2025-12-12", "close": 100.019997, "volume": 71882, "typical_volume": 89571.8, "trend": 110.417635, "fair_value": 135.098416, "relative_strength": -16.242839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.780063, "energy": 75.233409, "activity_lines": [ 100.098, 101.941455, 105.347066, 107.95733 ] }, { "date": "2025-12-19", "close": 101.050003, "volume": 98737, "typical_volume": 83184.15, "trend": 110.204142, "fair_value": 134.999164, "relative_strength": -14.438906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.648926, "energy": 63.728377, "activity_lines": [ 100.164001, 101.545637, 104.628738, 107.352967 ] }, { "date": "2025-12-26", "close": 99.25, "volume": 85357, "typical_volume": 81647.3, "trend": 109.827441, "fair_value": 134.795751, "relative_strength": -15.54155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.237551, "energy": 52.899183, "activity_lines": [ 99.864667, 100.910365, 103.832528, 106.646248 ] }, { "date": "2026-01-02", "close": 99.290001, "volume": 54652, "typical_volume": 81571.85, "trend": 109.496305, "fair_value": 134.596803, "relative_strength": -15.724882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.487265, "energy": 48.141046, "activity_lines": [ 99.705334, 100.387455, 103.118936, 105.966413 ] }, { "date": "2026-01-09", "close": 97.07, "volume": 84160, "typical_volume": 80381.3, "trend": 108.956179, "fair_value": 134.416705, "relative_strength": -14.919059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.968641, "energy": 50.181374, "activity_lines": [ 98.825334, 99.580546, 102.263969, 105.164716 ] }, { "date": "2026-01-16", "close": 81.699997, "volume": 2685712, "typical_volume": 211660.15, "trend": 107.763159, "fair_value": 134.179281, "relative_strength": -27.839636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.977317, "energy": 80.570956, "activity_lines": [ 92.946666, 96.135818, 100.030357, 103.406253 ] }, { "date": "2026-01-23", "close": 78.300003, "volume": 364969, "typical_volume": 226850.85, "trend": 106.432561, "fair_value": 133.945624, "relative_strength": -28.455811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.884598, "energy": 95.278536, "activity_lines": [ 87.156, 92.506364, 97.623334, 101.505404 ] }, { "date": "2026-01-30", "close": 78.75, "volume": 78388, "typical_volume": 227790.6, "trend": 105.181836, "fair_value": 133.724776, "relative_strength": -28.287494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.475526, "energy": 94.190726, "activity_lines": [ 83.032, 89.436364, 95.428191, 99.719432 ] }, { "date": "2026-02-06", "close": 77.230003, "volume": 139347, "typical_volume": 230160.2, "trend": 103.960718, "fair_value": 133.474938, "relative_strength": -30.146327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.864565, "energy": 92.606363, "activity_lines": [ 79.768001, 86.497274, 93.250953, 97.916088 ] }, { "date": "2026-02-13", "close": 77.32, "volume": 103515, "typical_volume": 230427.35, "trend": 102.690176, "fair_value": 133.257252, "relative_strength": -28.914735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.485818, "energy": 89.665961, "activity_lines": [ 78.004668, 83.98091, 91.266429, 96.197332 ] }, { "date": "2026-02-20", "close": 71.07, "volume": 1021098, "typical_volume": 278079.0, "trend": 101.09597, "fair_value": 133.041304, "relative_strength": -34.306614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.527036, "energy": 88.353746, "activity_lines": [ 75.474667, 80.721273, 88.841667, 94.157321 ] }, { "date": "2026-02-27", "close": 58.459999, "volume": 2032400, "typical_volume": 375596.2, "trend": 99.021471, "fair_value": 132.741816, "relative_strength": -44.517042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.053459, "energy": 78.52481, "activity_lines": [ 69.45, 75.695273, 85.393572, 91.406613 ] }, { "date": "2026-03-06", "close": 61.279999, "volume": 3489566, "typical_volume": 537776.85, "trend": 97.204141, "fair_value": 132.460706, "relative_strength": -39.422306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.731647, "energy": 72.328427, "activity_lines": [ 65.688, 71.956364, 82.439857, 88.971679 ] }, { "date": "2026-03-13", "close": 59.52, "volume": 849706, "typical_volume": 577932.4, "trend": 95.388102, "fair_value": 132.223347, "relative_strength": -37.200404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.800865, "energy": 71.139683, "activity_lines": [ 62.504, 68.587818, 79.526857, 86.540444 ] }, { "date": "2026-03-20", "close": 59.029999, "volume": 381278, "typical_volume": 594086.5, "trend": 93.523948, "fair_value": 131.994875, "relative_strength": -36.952646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.17912, "energy": 69.536497, "activity_lines": [ 60.337333, 65.853273, 76.787905, 84.19476 ] }, { "date": "2026-03-27", "close": 56.66, "volume": 1765208, "typical_volume": 680108.55, "trend": 91.636495, "fair_value": 131.770759, "relative_strength": -38.101942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.681986, "energy": 69.313002, "activity_lines": [ 58.6, 63.379454, 74.045429, 81.816441 ] }, { "date": "2026-04-03", "close": 60.279999, "volume": 279507, "typical_volume": 691068.55, "trend": 89.85267, "fair_value": 131.507898, "relative_strength": -33.189074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.902968, "energy": 65.208651, "activity_lines": [ 59.029999, 62.01909, 71.880476, 79.793441 ] }, { "date": "2026-04-10", "close": 69.050003, "volume": 347585, "typical_volume": 703681.4, "trend": 88.390667, "fair_value": 131.273288, "relative_strength": -27.095174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.543898, "energy": 54.752837, "activity_lines": [ 62.262001, 62.580909, 70.761667, 78.451334 ] }, { "date": "2026-04-17", "close": 69.489998, "volume": 702757, "typical_volume": 735448.75, "trend": 86.843667, "fair_value": 131.093824, "relative_strength": -26.902809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.423667, "energy": 45.417355, "activity_lines": [ 65.122667, 63.399091, 69.837619, 77.231936 ] }, { "date": "2026-04-24", "close": 66.629997, "volume": 163015, "typical_volume": 739941.95, "trend": 85.402334, "fair_value": 130.890614, "relative_strength": -27.981396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.342237, "energy": 33.424917, "activity_lines": [ 66.365332, 63.837999, 68.784476, 75.927828 ] }, { "date": "2026-05-01", "close": 67.449997, "volume": 180636, "typical_volume": 745379.65, "trend": 84.038333, "fair_value": 130.679128, "relative_strength": -26.874848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.811261, "energy": 27.890066, "activity_lines": [ 67.374665, 64.620362, 67.963285, 74.769613 ] }, { "date": "2026-05-08", "close": 69.25, "volume": 194157, "typical_volume": 750150.65, "trend": 82.817334, "fair_value": 130.486999, "relative_strength": -24.971952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.296102, "energy": 23.088355, "activity_lines": [ 68.264665, 65.795817, 67.468618, 73.815527 ] }, { "date": "2026-05-15", "close": 68.639999, "volume": 140887, "typical_volume": 752927.15, "trend": 81.604334, "fair_value": 130.299681, "relative_strength": -23.447653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.106109, "energy": 19.795185, "activity_lines": [ 68.353332, 66.664181, 67.067285, 72.90086 ] }, { "date": "2026-05-22", "close": 67.32, "volume": 68951, "typical_volume": 753642.1, "trend": 80.319333, "fair_value": 130.090368, "relative_strength": -24.591747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.293761, "energy": 16.641874, "activity_lines": [ 68.029332, 67.158726, 66.685999, 71.97929 ] }, { "date": "2026-05-29", "close": 67.25, "volume": 245854, "typical_volume": 761726.8, "trend": 79.038, "fair_value": 129.863767, "relative_strength": -23.491723, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.921204, "energy": 18.217226, "activity_lines": [ 67.826666, 67.498727, 66.450285, 71.136107 ] }, { "date": "2026-06-05", "close": 64.459999, "volume": 44393, "typical_volume": 629660.85, "trend": 77.668667, "fair_value": 129.598831, "relative_strength": -25.47958, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.596008, "energy": 31.051694, "activity_lines": [ 66.652666, 67.181999, 66.090857, 70.195591 ] }, { "date": "2026-06-12", "close": 65.110001, "volume": 8501, "typical_volume": 611837.45, "trend": 76.353333, "fair_value": 129.317311, "relative_strength": -24.831324, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.18797, "energy": 33.676659, "activity_lines": [ 65.894667, 66.841636, 65.875428, 69.385355 ] }, { "date": "2026-06-19", "close": 64.269997, "volume": 308869, "typical_volume": 623361.5, "trend": 75.124, "fair_value": 129.053563, "relative_strength": -26.232185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.140932, "energy": 35.939233, "activity_lines": [ 65.132666, 66.260726, 65.642809, 68.605784 ] }, { "date": "2026-06-26", "close": 60.98, "volume": 0, "typical_volume": 616394.15, "trend": 73.837333, "fair_value": 128.773838, "relative_strength": -29.355804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.56769, "energy": 47.642961, "activity_lines": [ 63.565333, 65.168545, 65.165809, 67.693268 ] }, { "date": "2026-07-03", "close": 61.150002, "volume": 11051, "typical_volume": 611770.95, "trend": 72.577666, "fair_value": 128.472948, "relative_strength": -29.007061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.589866, "energy": 58.688536, "activity_lines": [ 62.477333, 64.262, 64.78238, 66.874731 ] }, { "date": "2026-07-10", "close": 61.310001, "volume": 155259, "typical_volume": 568479.0, "trend": 71.287333, "fair_value": 128.173987, "relative_strength": -27.853469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.66774, "energy": 68.776628, "activity_lines": [ 61.849334, 63.484182, 64.49119, 66.147785 ] }, { "date": "2026-07-17", "close": 63.389999, "volume": 467037, "typical_volume": 490210.85, "trend": 70.032, "fair_value": 127.765361, "relative_strength": -24.96677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.248674, "energy": 58.014221, "activity_lines": [ 62.124667, 63.196182, 64.444571, 65.638279 ] }, { "date": "2026-07-24", "close": 60.68, "volume": 186246, "typical_volume": 325044.85, "trend": 68.746333, "fair_value": 127.346279, "relative_strength": -25.540093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.799897, "energy": 46.691447, "activity_lines": [ 61.611334, 62.522, 64.116381, 65.034924 ] }, { "date": "2026-07-31", "close": 59.900002, "volume": 123430, "typical_volume": 288731.05, "trend": 67.433333, "fair_value": 126.92701, "relative_strength": -27.353614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.416524, "energy": 45.68451, "activity_lines": [ 61.077334, 61.850728, 63.716762, 64.464193 ] }, { "date": "2026-08-07", "close": 59.790001, "volume": 125756, "typical_volume": 275954.95, "trend": 66.190666, "fair_value": 126.473955, "relative_strength": -27.07706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.398214, "energy": 45.065206, "activity_lines": [ 60.578667, 61.294364, 63.304857, 63.971075 ] } ], "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." } } }