{ "ticker": { "uuid": "fc835d94-a899-4848-b291-ca5d85e686cd", "symbol": "7751", "name": "HORNG TERNG", "exchange": "TWO", "country": "TW", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-14", "benchmark": "^TWII", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 68.094, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -15.909, "architecture_energy": 17.388, "architecture_maturity": 17.477, "architecture_confidence": 59.358, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 52.87, "rotation_up": 29.63, "upward_expansion": 20.33, "deceleration": 64.06, "rotation_down": 36.53, "downward_expansion": 36.33 }, "activity_lines": [ 1325.0, 1312.363636, 1461.47619, 1504.695953 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 1445.0, "trend_reference": 1448.965057, "distance_from_trend": -0.002736, "trend_direction": "Improving", "fair_value": 695.184636, "distance_from_fair_value": 1.078584, "fair_value_direction": "Weakening", "relative_strength": 5.623269, "relative_strength_direction": "Weakening", "price_momentum": 0.825906, "excess_performance": 0.384534, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002736, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.205424, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.078584, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.627213, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.056233, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.444186, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.825906, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.901614, "read": "Supply-led" } ], "volume": { "latest": 1212264, "relative_activity": 0.856018, "balance": 0.901614, "dry_up": 0.851225, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.189513, "annualized_volatility": 0.907614, "from_high_reference": -0.484848, "from_low_reference": 2.478123 }, "levels": { "trend_reference": 1448.965057, "fair_value_reference": 695.184636, "structural_low": 800.279973, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "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 }, { "horizon": "Intermediate", "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 }, { "horizon": "Extended", "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 }, { "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": "2025-12-26", "end": "2026-05-29", "tenure": "Established", "return": 1.36928, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-07-17", "tenure": "Developing", "return": -0.268608, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-14", "tenure": "New", "return": 0.262009, "active": true } ], "chart_path": [ { "date": "2024-06-14", "close": 275.614777, "volume": 436342, "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": 275.614777, "volume": 345122, "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": 310.30426, "volume": 258093, "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": 388.901062, "volume": 812039, "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": 364.745728, "volume": 535757, "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": 374.890961, "volume": 389288, "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": 383.10379, "volume": 447258, "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": 373.44165, "volume": 647985, "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": 382.137573, "volume": 372485, "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": 433.830017, "volume": 1115174, "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": 460.884033, "volume": 490310, "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": 497.600128, "volume": 805562, "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": 512.093323, "volume": 832407, "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": 513.05957, "volume": 464646, "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": 454.603607, "volume": 532501, "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": 441.559723, "volume": 521669, "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": 405.809814, "volume": 159281, "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": 446.390808, "volume": 456550, "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": 420.303009, "volume": 287003, "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": 409.674652, "volume": 299128, "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": 404.360474, "volume": 82332, "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": 424.65097, "volume": 278754, "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": 403.394287, "volume": 173836, "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": 428.998962, "volume": 432330, "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": 400.012543, "volume": 169836, "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": 389.86731, "volume": 183257, "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": 395.181488, "volume": 277191, "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": 392.282806, "volume": 91605, "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": 390.833496, "volume": 115212, "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": 386.485565, "volume": 40627, "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": 390.833496, "volume": 177786, "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": 372.958527, "volume": 265177, "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": 379.722015, "volume": 131531, "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": 371.99234, "volume": 141132, "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": 332.860687, "volume": 633910, "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": 337.691742, "volume": 236323, "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": 337.208618, "volume": 32372, "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": 307.739105, "volume": 213141, "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": 305.323547, "volume": 175053, "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": 338.174835, "volume": 106923, "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": 313.053284, "volume": 70670, "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": 313.053284, "volume": 125870, "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": 239.621033, "volume": 814778, "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": 224.161621, "volume": 168274, "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": 248.316956, "volume": 132947, "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": 289.864136, "volume": 135300, "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": 265.225708, "volume": 75346, "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": 301.45874, "volume": 158003, "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": 328.512695, "volume": 246542, "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": 348.803192, "volume": 180948, "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": 342.039703, "volume": 162742, "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": 405.809814, "volume": 631885, "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": 404.843597, "volume": 448825, "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": 435.707977, "volume": 851545, "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": 417.923981, "volume": 458638, "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": 412.983978, "volume": 284062, "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": 431.755981, "volume": 216126, "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": 436.695984, "volume": 500910, "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": 453.491996, "volume": 416772, "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": 434.720001, "volume": 432652, "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": 465.84198, "volume": 1103275, "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": 500.915985, "volume": 1409822, "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": 494.0, "volume": 3319185, "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": 440.64798, "volume": 2033193, "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": "2025-09-12", "close": 503.879974, "volume": 3506335, "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": "2025-09-19", "close": 500.915985, "volume": 1570148, "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": "2025-09-26", "close": 531.544006, "volume": 3524950, "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": "2025-10-03", "close": 508.819977, "volume": 2127697, "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": "2025-10-10", "close": 473.746002, "volume": 1778279, "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": "2025-10-17", "close": 489.059998, "volume": 1940517, "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": "2025-10-24", "close": 470.287994, "volume": 977127, "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": "2025-10-31", "close": 476.709991, "volume": 843578, "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": "2025-11-07", "close": 454.47998, "volume": 377162, "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": "2025-11-14", "close": 466.829987, "volume": 816414, "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": "2025-11-21", "close": 417.923981, "volume": 741266, "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": "2025-11-28", "close": 480.167999, "volume": 496539, "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": "2025-12-05", "close": 589.835999, "volume": 5971964, "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": "2025-12-12", "close": 622.440002, "volume": 1409695, "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": "2025-12-19", "close": 630.343994, "volume": 324492, "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": "2025-12-26", "close": 744.951965, "volume": 1998876, "typical_volume": 1813525.7, "trend": 481.31056, "fair_value": 411.581544, "relative_strength": 52.256156, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.295734, "energy": 96.659318, "activity_lines": [ 651.553054, 579.201516, 536.088789, 513.623908 ] }, { "date": "2026-01-02", "close": 750.880005, "volume": 3454827, "typical_volume": 1931103.3, "trend": 494.93857, "fair_value": 415.770414, "relative_strength": 47.857971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.919589, "energy": 95.268341, "activity_lines": [ 697.330391, 618.38021, 558.728105, 531.015485 ] }, { "date": "2026-01-09", "close": 714.323975, "volume": 2579441, "typical_volume": 1989584.25, "trend": 505.222375, "fair_value": 419.411311, "relative_strength": 35.288945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.992172, "energy": 88.717911, "activity_lines": [ 712.874919, 645.81068, 576.528571, 545.169382 ] }, { "date": "2026-01-16", "close": 850.667969, "volume": 4170969, "typical_volume": 2032173.45, "trend": 520.083188, "fair_value": 424.607174, "relative_strength": 53.655973, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.612708, "energy": 96.04027, "activity_lines": [ 765.568246, 693.710712, 606.29795, 567.456194 ] }, { "date": "2026-01-23", "close": 802.255981, "volume": 1503777, "typical_volume": 2005702.65, "trend": 532.301454, "fair_value": 429.102993, "relative_strength": 41.021908, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.103349, "energy": 81.572026, "activity_lines": [ 786.909045, 725.605147, 629.758244, 585.660891 ] }, { "date": "2026-01-30", "close": 826.955994, "volume": 1569336, "typical_volume": 1908852.7, "trend": 545.935855, "fair_value": 433.783617, "relative_strength": 43.405028, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.369406, "energy": 69.320561, "activity_lines": [ 805.022384, 755.89184, 653.848978, 604.670861 ] }, { "date": "2026-02-06", "close": 791.388, "volume": 980816, "typical_volume": 1879386.1, "trend": 558.549322, "fair_value": 437.941807, "relative_strength": 37.121918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.019422, "energy": 65.343137, "activity_lines": [ 805.812789, 772.274678, 673.013827, 620.506483 ] }, { "date": "2026-02-13", "close": 946.503967, "volume": 3090107, "typical_volume": 1857643.95, "trend": 575.707588, "fair_value": 443.787349, "relative_strength": 52.8709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.842555, "energy": 70.565363, "activity_lines": [ 855.607983, 811.201874, 705.568424, 645.535815 ] }, { "date": "2026-02-27", "close": 1200.419922, "volume": 2694186, "typical_volume": 1885968.4, "trend": 601.165053, "fair_value": 452.385447, "relative_strength": 80.278195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.078013, "energy": 76.136607, "activity_lines": [ 974.563163, 889.810735, 760.329494, 685.839837 ] }, { "date": "2026-03-06", "close": 1185.599976, "volume": 2393680, "typical_volume": 1916738.45, "trend": 625.568652, "fair_value": 460.623812, "relative_strength": 83.787071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.048768, "energy": 80.937155, "activity_lines": [ 1065.261564, 955.216335, 810.385808, 723.545316 ] }, { "date": "2026-03-13", "close": 1309.099976, "volume": 769905, "typical_volume": 1858207.85, "trend": 654.714651, "fair_value": 470.051325, "relative_strength": 99.045467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.061075, "energy": 93.01728, "activity_lines": [ 1171.570366, 1032.980917, 868.814245, 767.644111 ] }, { "date": "2026-03-20", "close": 1595.619995, "volume": 3314464, "typical_volume": 1975074.7, "trend": 692.373919, "fair_value": 482.420212, "relative_strength": 133.881233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.832061, "energy": 96.62798, "activity_lines": [ 1341.242908, 1152.582811, 950.625351, 828.347681 ] }, { "date": "2026-03-27", "close": 1610.439941, "volume": 377319, "typical_volume": 1951761.75, "trend": 729.358051, "fair_value": 494.681296, "relative_strength": 131.805638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.589935, "energy": 93.706571, "activity_lines": [ 1462.239966, 1259.520332, 1028.489157, 887.577747 ] }, { "date": "2026-04-03", "close": 1665.0, "volume": 444031, "typical_volume": 1955105.2, "trend": 768.391384, "fair_value": 507.265368, "relative_strength": 135.720155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.746639, "energy": 90.409466, "activity_lines": [ 1557.161312, 1360.084847, 1106.150444, 947.941744 ] }, { "date": "2026-04-10", "close": 1995.0, "volume": 2209048, "typical_volume": 2024736.9, "trend": 820.203118, "fair_value": 523.092332, "relative_strength": 150.501111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.498588, "energy": 90.5797, "activity_lines": [ 1731.110653, 1505.843324, 1209.475922, 1027.077784 ] }, { "date": "2026-04-17", "close": 1895.0, "volume": 1931903, "typical_volume": 2084268.75, "trend": 866.573785, "fair_value": 537.533465, "relative_strength": 121.549718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.392495, "energy": 71.231972, "activity_lines": [ 1817.766658, 1611.733728, 1296.00059, 1096.419518 ] }, { "date": "2026-04-24", "close": 2405.0, "volume": 3244022, "typical_volume": 2221642.9, "trend": 930.043253, "fair_value": 556.986242, "relative_strength": 155.201751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.236429, "energy": 77.28501, "activity_lines": [ 2035.362663, 1790.932423, 1424.062992, 1195.672822 ] }, { "date": "2026-05-01", "close": 2420.0, "volume": 1702194, "typical_volume": 2008154.4, "trend": 992.991786, "fair_value": 576.192569, "relative_strength": 147.08083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.107597, "energy": 74.480264, "activity_lines": [ 2204.0, 1943.519991, 1544.388098, 1291.799064 ] }, { "date": "2026-05-08", "close": 1940.0, "volume": 900303, "typical_volume": 1982684.8, "trend": 1040.697786, "fair_value": 590.108972, "relative_strength": 80.809569, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.131898, "energy": 65.939431, "activity_lines": [ 2158.666667, 1982.043994, 1610.283852, 1352.896368 ] }, { "date": "2026-05-15", "close": 1625.0, "volume": 1947077, "typical_volume": 2063814.05, "trend": 1079.07292, "fair_value": 600.562416, "relative_strength": 50.041858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.837607, "energy": 54.084416, "activity_lines": [ 1990.0, 1949.84836, 1639.905511, 1390.593285 ] }, { "date": "2026-05-22", "close": 1815.0, "volume": 987525, "typical_volume": 2013246.5, "trend": 1123.27092, "fair_value": 612.706792, "relative_strength": 59.836286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.353303, "energy": 37.638463, "activity_lines": [ 1909.333333, 1944.209089, 1682.885951, 1438.072452 ] }, { "date": "2026-05-29", "close": 1765.0, "volume": 661521, "typical_volume": 1873581.2, "trend": 1166.427987, "fair_value": 624.115636, "relative_strength": 44.358652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.151241, "energy": 24.529268, "activity_lines": [ 1817.333333, 1920.280726, 1716.009019, 1479.474328 ] }, { "date": "2026-06-05", "close": 1545.0, "volume": 2500639, "typical_volume": 1869641.1, "trend": 1202.037654, "fair_value": 633.143914, "relative_strength": 23.853962, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.019491, "energy": 24.741239, "activity_lines": [ 1694.666667, 1853.272727, 1723.350563, 1503.898329 ] }, { "date": "2026-06-12", "close": 1375.0, "volume": 1803626, "typical_volume": 1751273.95, "trend": 1232.721654, "fair_value": 640.3464, "relative_strength": 11.290591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.258412, "energy": 18.385882, "activity_lines": [ 1573.666667, 1756.545455, 1710.546031, 1515.05719 ] }, { "date": "2026-06-19", "close": 1485.0, "volume": 1083021, "typical_volume": 1730236.15, "trend": 1266.660655, "fair_value": 648.468069, "relative_strength": 13.19784, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.520036, "energy": 16.322547, "activity_lines": [ 1527.0, 1685.090909, 1705.720871, 1531.333212 ] }, { "date": "2026-06-26", "close": 1350.0, "volume": 1200985, "typical_volume": 1711818.6, "trend": 1297.729855, "fair_value": 655.149326, "relative_strength": 6.414369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.276735, "energy": 17.497203, "activity_lines": [ 1444.666667, 1598.363636, 1684.787405, 1536.709944 ] }, { "date": "2026-07-03", "close": 1440.0, "volume": 667444, "typical_volume": 1696150.0, "trend": 1329.724255, "fair_value": 662.553578, "relative_strength": 7.316255, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.169463, "energy": 17.599454, "activity_lines": [ 1423.333333, 1537.909091, 1669.934682, 1545.888663 ] }, { "date": "2026-07-10", "close": 1295.0, "volume": 1090947, "typical_volume": 1596192.0, "trend": 1353.229722, "fair_value": 668.464292, "relative_strength": -1.119587, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.610799, "energy": 22.322437, "activity_lines": [ 1375.333333, 1468.636364, 1638.183807, 1543.648389 ] }, { "date": "2026-07-17", "close": 1130.0, "volume": 1127127, "typical_volume": 1517839.05, "trend": 1370.148389, "fair_value": 672.737771, "relative_strength": -8.798408, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.773432, "energy": 43.670498, "activity_lines": [ 1289.0, 1389.818182, 1589.059141, 1529.246471 ] }, { "date": "2026-07-24", "close": 1145.0, "volume": 818062, "typical_volume": 1439058.15, "trend": 1387.303589, "fair_value": 677.070452, "relative_strength": -10.131987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.659647, "energy": 42.882136, "activity_lines": [ 1224.0, 1328.454545, 1541.69838, 1514.720768 ] }, { "date": "2026-07-31", "close": 1230.0, "volume": 1426654, "typical_volume": 1471895.6, "trend": 1403.471857, "fair_value": 682.097084, "relative_strength": -2.891839, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.354255, "energy": 41.949803, "activity_lines": [ 1210.0, 1291.272727, 1502.62619, 1504.57215 ] }, { "date": "2026-08-07", "close": 1385.0, "volume": 1364926, "typical_volume": 1374418.7, "trend": 1424.60919, "fair_value": 688.429542, "relative_strength": 5.781869, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.969255, "energy": 35.103305, "activity_lines": [ 1255.666667, 1292.909091, 1478.692571, 1503.380417 ] }, { "date": "2026-08-14", "close": 1445.0, "volume": 1212264, "typical_volume": 1416165.95, "trend": 1448.965057, "fair_value": 695.184636, "relative_strength": 5.623269, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.908854, "energy": 17.387691, "activity_lines": [ 1325.0, 1312.363636, 1461.47619, 1504.695953 ] } ], "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." } } }