{ "ticker": { "uuid": "fd822115-4cf2-4801-bbd1-c9e5afa75381", "symbol": "F1MC34", "name": "FMC Corporation", "exchange": "SAO", "country": "BR", "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": "^BVSP", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -67.123, "architecture_energy": 72.587, "architecture_maturity": 45.225, "architecture_confidence": 89.274, "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": 9.22, "rotation_up": 23.72, "upward_expansion": 16.92, "deceleration": 39.64, "rotation_down": 60.64, "downward_expansion": 92.59 }, "activity_lines": [ 28.033333, 28.751475, 30.995453, 32.935486 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 27.799999, "trend_reference": 35.316084, "distance_from_trend": -0.212823, "trend_direction": "Weakening", "fair_value": 109.554596, "distance_from_fair_value": -0.746245, "fair_value_direction": "Weakening", "relative_strength": -46.521912, "relative_strength_direction": "Improving", "price_momentum": -0.2697, "excess_performance": -0.212652, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.212823, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.069123, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.746245, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.007114, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.465219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.149312, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.2697, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.528733, "read": "Demand-led" } ], "volume": { "latest": 151, "relative_activity": 0.008572, "balance": 2.528733, "dry_up": 0.096305, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.094216, "annualized_volatility": 0.56459, "from_high_reference": -0.743991, "from_low_reference": 0.090196 }, "levels": { "trend_reference": 35.316084, "fair_value_reference": 109.554596, "structural_low": 25.5, "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": 34, "median_return": -0.0319, "positive_rate": 0.441176, "directional_follow_through": 0.558824, "median_excess_return": -0.04063, "regime_survival": 0.823529, "best_return": 0.245392, "worst_return": -0.526276, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.001958, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.071763, "regime_survival": 0.5, "best_return": 0.255095, "worst_return": -0.635179, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.050745, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.151849, "regime_survival": 0.333333, "best_return": 0.293458, "worst_return": -0.611611, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.163891, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.247996, "regime_survival": 0.75, "best_return": 0.104357, "worst_return": -0.729018, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-03-22", "tenure": "New", "return": -0.04183, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-29", "end": "2024-04-12", "tenure": "New", "return": -0.097319, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-19", "end": "2024-04-26", "tenure": "New", "return": 0.003597, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.116427, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-17", "end": "2024-06-28", "tenure": "Developing", "return": -0.018315, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-07-26", "tenure": "New", "return": 0.117483, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-11-15", "tenure": "Established", "return": -0.081145, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": -0.104153, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": 0.079566, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-06-20", "tenure": "Established", "return": -0.30172, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-08-08", "tenure": "Developing", "return": -0.239394, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2026-04-03", "tenure": "Extended", "return": -0.541411, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-05-22", "tenure": "Developing", "return": -0.258085, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.192811, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 204.501816, "volume": 37, "typical_volume": 878.85, "trend": 257.943833, "fair_value": 252.055931, "relative_strength": -27.400739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.516876, "energy": 86.966283, "activity_lines": [ 205.540792, 211.892818, 225.14733, 238.797419 ] }, { "date": "2023-08-25", "close": 197.429642, "volume": 33, "typical_volume": 880.05, "trend": 254.280991, "fair_value": 252.250393, "relative_strength": -29.820057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.887815, "energy": 89.161296, "activity_lines": [ 202.336463, 208.109152, 221.229244, 234.893278 ] }, { "date": "2023-09-01", "close": 196.69104, "volume": 44, "typical_volume": 874.3, "trend": 250.875007, "fair_value": 252.440121, "relative_strength": -30.97355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.367288, "energy": 71.66043, "activity_lines": [ 199.795652, 204.879345, 217.589636, 231.177797 ] }, { "date": "2023-09-08", "close": 173.138718, "volume": 31, "typical_volume": 873.95, "trend": 246.185266, "fair_value": 252.478872, "relative_strength": -37.461596, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.101799, "energy": 78.425858, "activity_lines": [ 190.320558, 198.037326, 212.085039, 226.162553 ] }, { "date": "2023-09-15", "close": 171.37529, "volume": 1227, "typical_volume": 932.9, "trend": 241.779147, "fair_value": 252.506319, "relative_strength": -39.482735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.737505, "energy": 92.664646, "activity_lines": [ 182.591036, 191.944321, 206.945414, 221.336102 ] }, { "date": "2023-09-22", "close": 156.16922, "volume": 95, "typical_volume": 936.2, "trend": 236.781168, "fair_value": 252.436292, "relative_strength": -43.14621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.987042, "energy": 96.9376, "activity_lines": [ 171.771676, 184.24921, 200.88334, 215.812881 ] }, { "date": "2023-09-29", "close": 156.97496, "volume": 62, "typical_volume": 937.75, "trend": 231.873716, "fair_value": 252.364787, "relative_strength": -42.655082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.858563, "energy": 95.018174, "activity_lines": [ 164.443068, 177.698893, 195.384671, 210.664094 ] }, { "date": "2023-10-06", "close": 152.395233, "volume": 1204, "typical_volume": 997.0, "trend": 227.380828, "fair_value": 252.263924, "relative_strength": -42.733821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.01093, "energy": 93.908781, "activity_lines": [ 158.284864, 171.299543, 189.880639, 205.53645 ] }, { "date": "2023-10-13", "close": 147.146606, "volume": 322, "typical_volume": 1011.3, "trend": 223.012135, "fair_value": 252.129416, "relative_strength": -44.948431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.888118, "energy": 95.745483, "activity_lines": [ 153.330171, 165.001227, 184.345701, 200.360048 ] }, { "date": "2023-10-20", "close": 158.238358, "volume": 17, "typical_volume": 965.25, "trend": 218.852627, "fair_value": 252.06601, "relative_strength": -38.986247, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.620699, "energy": 87.760042, "activity_lines": [ 153.805537, 161.828554, 180.30437, 196.181095 ] }, { "date": "2023-10-27", "close": 133.175125, "volume": 3758, "typical_volume": 1106.4, "trend": 213.80417, "fair_value": 251.841941, "relative_strength": -48.150244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.53921, "energy": 77.037943, "activity_lines": [ 146.802287, 154.87747, 174.284323, 190.653514 ] }, { "date": "2023-11-03", "close": 127.582802, "volume": 234, "typical_volume": 576.7, "trend": 209.034197, "fair_value": 251.582025, "relative_strength": -51.828719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.585484, "energy": 75.882859, "activity_lines": [ 139.467869, 148.206449, 168.22015, 185.090845 ] }, { "date": "2023-11-10", "close": 117.382874, "volume": 3944, "typical_volume": 672.0, "trend": 203.743961, "fair_value": 251.256724, "relative_strength": -55.927994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.927952, "energy": 76.469462, "activity_lines": [ 130.692952, 140.950838, 161.69739, 179.177857 ] }, { "date": "2023-11-17", "close": 121.005791, "volume": 123, "typical_volume": 625.85, "trend": 198.275782, "fair_value": 250.954647, "relative_strength": -55.438579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.927062, "energy": 72.069317, "activity_lines": [ 125.459831, 135.795905, 156.072811, 173.83991 ] }, { "date": "2023-11-24", "close": 121.851143, "volume": 12, "typical_volume": 593.6, "trend": 192.944736, "fair_value": 250.657989, "relative_strength": -54.524854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.435805, "energy": 69.039524, "activity_lines": [ 122.251215, 131.742545, 151.057137, 168.909288 ] }, { "date": "2023-12-01", "close": 121.247322, "volume": 125, "typical_volume": 596.0, "trend": 188.373997, "fair_value": 250.357461, "relative_strength": -54.880138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.780687, "energy": 68.908425, "activity_lines": [ 121.26714, 128.479838, 146.524285, 164.283649 ] }, { "date": "2023-12-08", "close": 126.802483, "volume": 18, "typical_volume": 570.8, "trend": 184.352631, "fair_value": 250.092542, "relative_strength": -51.629632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.150862, "energy": 67.814177, "activity_lines": [ 122.929973, 126.862103, 142.948248, 160.311293 ] }, { "date": "2023-12-15", "close": 137.253235, "volume": 20, "typical_volume": 569.95, "trend": 180.565161, "fair_value": 249.894615, "relative_strength": -48.000631, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.962941, "energy": 59.8925, "activity_lines": [ 128.12841, 127.693096, 140.768822, 157.272622 ] }, { "date": "2023-12-22", "close": 141.164154, "volume": 190, "typical_volume": 577.15, "trend": 177.305005, "fair_value": 249.721759, "relative_strength": -46.723296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.728261, "energy": 50.430473, "activity_lines": [ 133.305796, 129.510474, 139.310364, 154.730622 ] }, { "date": "2023-12-29", "close": 143.214645, "volume": 45, "typical_volume": 577.05, "trend": 173.946398, "fair_value": 249.562046, "relative_strength": -45.652741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.78086, "energy": 32.069678, "activity_lines": [ 137.822789, 131.809441, 138.366121, 152.531244 ] }, { "date": "2024-01-05", "close": 138.585785, "volume": 49, "typical_volume": 577.65, "trend": 170.707415, "fair_value": 248.613662, "relative_strength": -45.639173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.666002, "energy": 30.900927, "activity_lines": [ 139.372595, 133.539955, 137.25648, 150.249914 ] }, { "date": "2024-01-12", "close": 133.442566, "volume": 54, "typical_volume": 578.7, "trend": 167.312904, "fair_value": 247.623958, "relative_strength": -46.331118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.57882, "energy": 25.564977, "activity_lines": [ 138.052097, 134.236963, 135.970893, 147.84573 ] }, { "date": "2024-01-19", "close": 128.738892, "volume": 15, "typical_volume": 577.25, "trend": 163.819448, "fair_value": 246.671757, "relative_strength": -45.921013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.91048, "energy": 33.260351, "activity_lines": [ 134.721035, 133.972216, 134.542039, 145.357084 ] }, { "date": "2024-01-26", "close": 135.032303, "volume": 208, "typical_volume": 586.1, "trend": 160.588233, "fair_value": 245.7599, "relative_strength": -42.870449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.11399, "energy": 35.935846, "activity_lines": [ 134.0554, 134.645253, 134.036138, 143.499849 ] }, { "date": "2024-02-02", "close": 142.793839, "volume": 213, "typical_volume": 535.4, "trend": 157.50402, "fair_value": 244.897795, "relative_strength": -37.671399, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.653135, "energy": 30.104025, "activity_lines": [ 136.385733, 136.47445, 134.45089, 142.351824 ] }, { "date": "2024-02-09", "close": 119.378281, "volume": 472, "typical_volume": 554.25, "trend": 154.447449, "fair_value": 243.885591, "relative_strength": -47.123967, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -66.753204, "energy": 45.937361, "activity_lines": [ 130.938935, 133.665497, 132.771692, 139.892098 ] }, { "date": "2024-02-16", "close": 122.78212, "volume": 1302, "typical_volume": 616.25, "trend": 151.504338, "fair_value": 242.895206, "relative_strength": -44.814724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.504896, "energy": 50.058183, "activity_lines": [ 127.907249, 131.509407, 131.591863, 137.849174 ] }, { "date": "2024-02-23", "close": 121.931152, "volume": 5731, "typical_volume": 842.6, "trend": 148.554097, "fair_value": 242.074516, "relative_strength": -44.282317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.647288, "energy": 51.223065, "activity_lines": [ 125.302604, 129.271692, 130.493813, 135.941227 ] }, { "date": "2024-03-01", "close": 133.695053, "volume": 18, "typical_volume": 827.4, "trend": 146.072617, "fair_value": 241.303618, "relative_strength": -37.44636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.012767, "energy": 42.524898, "activity_lines": [ 127.073109, 129.451452, 130.661201, 134.982579 ] }, { "date": "2024-03-08", "close": 147.375961, "volume": 612, "typical_volume": 857.15, "trend": 144.283214, "fair_value": 240.620418, "relative_strength": -28.562554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.334601, "energy": 5.383265, "activity_lines": [ 133.493066, 132.254451, 132.195589, 135.066665 ] }, { "date": "2024-03-15", "close": 152.911896, "volume": 27, "typical_volume": 670.6, "trend": 142.56355, "fair_value": 239.972704, "relative_strength": -24.322809, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.942876, "energy": 23.19488, "activity_lines": [ 141.45286, 135.988324, 134.308933, 135.623354 ] }, { "date": "2024-03-22", "close": 146.51564, "volume": 237, "typical_volume": 670.75, "trend": 140.866416, "fair_value": 239.28399, "relative_strength": -26.126956, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.274687, "energy": 34.272603, "activity_lines": [ 145.044995, 138.298767, 135.719126, 135.878328 ] }, { "date": "2024-03-29", "close": 151.692993, "volume": 7, "typical_volume": 473.9, "trend": 139.366481, "fair_value": 238.620799, "relative_strength": -22.626826, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.875709, "energy": 63.765119, "activity_lines": [ 148.780679, 141.312854, 137.532244, 136.576817 ] }, { "date": "2024-04-05", "close": 139.670181, "volume": 149, "typical_volume": 475.2, "trend": 138.250863, "fair_value": 237.750714, "relative_strength": -26.561631, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.363235, "energy": 57.929409, "activity_lines": [ 146.524637, 141.723628, 138.03695, 136.59641 ] }, { "date": "2024-04-12", "close": 136.93042, "volume": 32, "typical_volume": 476.2, "trend": 137.102701, "fair_value": 236.863066, "relative_strength": -26.085364, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.28864, "energy": 23.45243, "activity_lines": [ 142.956999, 141.551939, 138.191849, 136.51122 ] }, { "date": "2024-04-19", "close": 141.364822, "volume": 21, "typical_volume": 471.0, "trend": 136.609221, "fair_value": 236.008946, "relative_strength": -21.547797, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.620167, "energy": 22.1622, "activity_lines": [ 141.563864, 142.293112, 138.697266, 136.786196 ] }, { "date": "2024-04-26", "close": 141.873245, "volume": 81, "typical_volume": 474.15, "trend": 136.105831, "fair_value": 235.086652, "relative_strength": -20.46319, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.686531, "energy": 20.473201, "activity_lines": [ 141.110009, 142.72697, 139.155306, 137.12581 ] }, { "date": "2024-05-03", "close": 147.578674, "volume": 51, "typical_volume": 475.7, "trend": 135.945279, "fair_value": 234.222929, "relative_strength": -17.060548, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.542835, "energy": 23.848619, "activity_lines": [ 142.867456, 143.851068, 140.084955, 137.865994 ] }, { "date": "2024-05-10", "close": 164.76088, "volume": 85, "typical_volume": 470.45, "trend": 136.532421, "fair_value": 233.469347, "relative_strength": -5.444193, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 83.545574, "energy": 72.946803, "activity_lines": [ 150.626593, 147.632885, 142.601836, 139.725065 ] }, { "date": "2024-05-17", "close": 154.103195, "volume": 14, "typical_volume": 468.9, "trend": 136.394582, "fair_value": 232.715308, "relative_strength": -10.602801, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.781558, "energy": 70.285495, "activity_lines": [ 153.160455, 148.912107, 143.991334, 140.858663 ] }, { "date": "2024-05-24", "close": 154.093796, "volume": 8, "typical_volume": 466.85, "trend": 137.091871, "fair_value": 231.961209, "relative_strength": -6.621613, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.663282, "energy": 73.46395, "activity_lines": [ 154.546333, 150.067307, 145.328087, 142.000548 ] }, { "date": "2024-05-31", "close": 152.144928, "volume": 213, "typical_volume": 474.8, "trend": 137.910609, "fair_value": 231.230051, "relative_strength": -4.865453, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.667497, "energy": 72.891782, "activity_lines": [ 154.43399, 150.846679, 146.405385, 142.971713 ] }, { "date": "2024-06-07", "close": 142.777054, "volume": 129, "typical_volume": 480.5, "trend": 138.757082, "fair_value": 230.438841, "relative_strength": -8.622354, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.122903, "energy": 34.796346, "activity_lines": [ 150.514243, 149.82045, 146.501446, 143.285677 ] }, { "date": "2024-06-14", "close": 138.822815, "volume": 7, "typical_volume": 470.45, "trend": 139.350982, "fair_value": 229.626649, "relative_strength": -9.224857, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.302991, "energy": 15.077235, "activity_lines": [ 145.596524, 148.237376, 146.154064, 143.289918 ] }, { "date": "2024-06-21", "close": 140.122086, "volume": 209, "typical_volume": 470.25, "trend": 139.960014, "fair_value": 228.945978, "relative_strength": -8.530788, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.756678, "energy": 20.383204, "activity_lines": [ 142.8411, 146.905941, 145.912373, 143.339667 ] }, { "date": "2024-06-28", "close": 151.280746, "volume": 227, "typical_volume": 458.0, "trend": 140.961128, "fair_value": 228.368313, "relative_strength": -2.183948, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.829498, "energy": 25.222384, "activity_lines": [ 144.737304, 147.545322, 146.746133, 144.070036 ] }, { "date": "2024-07-05", "close": 142.394669, "volume": 25, "typical_volume": 394.15, "trend": 141.480868, "fair_value": 227.733687, "relative_strength": -8.449421, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.001374, "energy": 13.117076, "activity_lines": [ 143.859018, 146.388763, 146.581685, 144.162523 ] }, { "date": "2024-07-12", "close": 148.653809, "volume": 940, "typical_volume": 154.6, "trend": 141.860887, "fair_value": 227.139182, "relative_strength": -5.430559, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.593737, "energy": 10.559906, "activity_lines": [ 145.71713, 146.360749, 146.919951, 144.625293 ] }, { "date": "2024-07-19", "close": 152.836044, "volume": 11, "typical_volume": 154.25, "trend": 142.24995, "fair_value": 226.571487, "relative_strength": -0.921876, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.959171, "energy": 28.003575, "activity_lines": [ 148.577536, 147.073594, 147.529275, 145.333368 ] }, { "date": "2024-07-26", "close": 159.123596, "volume": 98, "typical_volume": 128.55, "trend": 142.780248, "fair_value": 226.006059, "relative_strength": 4.087095, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.932833, "energy": 51.934555, "activity_lines": [ 152.599578, 149.146445, 148.646266, 146.42199 ] }, { "date": "2024-08-02", "close": 167.971695, "volume": 34, "typical_volume": 128.9, "trend": 143.759778, "fair_value": 225.661458, "relative_strength": 12.036173, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.605023, "energy": 73.471324, "activity_lines": [ 158.304219, 152.736762, 150.549992, 148.047245 ] }, { "date": "2024-08-09", "close": 159.768463, "volume": 892, "typical_volume": 161.65, "trend": 144.637308, "fair_value": 225.270593, "relative_strength": 3.481729, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.301319, "energy": 71.225421, "activity_lines": [ 160.161719, 154.583256, 151.600744, 149.080063 ] }, { "date": "2024-08-16", "close": 164.927505, "volume": 11, "typical_volume": 161.85, "trend": 145.843595, "fair_value": 224.984375, "relative_strength": 5.085757, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.981536, "energy": 77.764201, "activity_lines": [ 162.580647, 157.229148, 153.079725, 150.389108 ] }, { "date": "2024-08-23", "close": 169.678711, "volume": 224, "typical_volume": 165.6, "trend": 146.998476, "fair_value": 224.688356, "relative_strength": 7.59383, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.715705, "energy": 79.377407, "activity_lines": [ 165.498397, 160.336161, 154.94818, 151.926858 ] }, { "date": "2024-08-30", "close": 172.068558, "volume": 160, "typical_volume": 172.0, "trend": 147.9743, "fair_value": 224.379811, "relative_strength": 9.521809, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.260986, "energy": 77.279602, "activity_lines": [ 168.089918, 163.316674, 156.901342, 153.544282 ] }, { "date": "2024-09-06", "close": 160.252121, "volume": 23, "typical_volume": 172.1, "trend": 149.336761, "fair_value": 223.92941, "relative_strength": 3.621903, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.737389, "energy": 52.589038, "activity_lines": [ 165.87963, 163.5679, 157.561804, 154.3364 ] }, { "date": "2024-09-13", "close": 167.01387, "volume": 107, "typical_volume": 173.4, "trend": 150.811153, "fair_value": 223.550597, "relative_strength": 8.116571, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.35613, "energy": 48.570921, "activity_lines": [ 166.437896, 164.885419, 158.776303, 155.476859 ] }, { "date": "2024-09-20", "close": 162.689377, "volume": 73, "typical_volume": 174.5, "trend": 152.16976, "fair_value": 223.155678, "relative_strength": 8.57549, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.155774, "energy": 39.032085, "activity_lines": [ 165.071637, 164.969044, 159.459229, 156.243196 ] }, { "date": "2024-09-27", "close": 172.276627, "volume": 28, "typical_volume": 171.65, "trend": 153.455813, "fair_value": 222.844871, "relative_strength": 13.624687, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.912764, "energy": 42.380786, "activity_lines": [ 167.050337, 166.540614, 160.98327, 157.540413 ] }, { "date": "2024-10-04", "close": 167.685486, "volume": 26, "typical_volume": 172.25, "trend": 154.132797, "fair_value": 222.502974, "relative_strength": 11.501001, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.699986, "energy": 40.98756, "activity_lines": [ 167.325462, 166.923966, 162.03427, 158.458456 ] }, { "date": "2024-10-11", "close": 162.101685, "volume": 25, "typical_volume": 173.1, "trend": 154.439123, "fair_value": 222.093798, "relative_strength": 9.325209, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.61211, "energy": 29.460115, "activity_lines": [ 166.031525, 166.13641, 162.488802, 158.972578 ] }, { "date": "2024-10-18", "close": 166.826447, "volume": 14, "typical_volume": 163.15, "trend": 155.11615, "fair_value": 221.659783, "relative_strength": 12.301876, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.068278, "energy": 32.54558, "activity_lines": [ 166.189204, 166.314629, 163.355179, 159.77176 ] }, { "date": "2024-10-25", "close": 167.65683, "volume": 14, "typical_volume": 157.4, "trend": 155.648278, "fair_value": 221.27099, "relative_strength": 13.166929, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.818137, "energy": 32.233494, "activity_lines": [ 166.636173, 166.5155, 164.230728, 160.580836 ] }, { "date": "2024-11-01", "close": 176.457291, "volume": 80, "typical_volume": 161.05, "trend": 156.874515, "fair_value": 220.719021, "relative_strength": 20.151753, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.309708, "energy": 45.188972, "activity_lines": [ 169.685465, 168.266831, 165.82594, 161.923353 ] }, { "date": "2024-11-08", "close": 163.724335, "volume": 16, "typical_volume": 151.4, "trend": 157.767645, "fair_value": 220.111762, "relative_strength": 11.161566, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.269632, "energy": 34.407608, "activity_lines": [ 168.211727, 167.579832, 166.029279, 162.365277 ] }, { "date": "2024-11-15", "close": 154.34166, "volume": 6, "typical_volume": 140.35, "trend": 158.200207, "fair_value": 219.4277, "relative_strength": 4.403761, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.40673, "energy": 8.747118, "activity_lines": [ 163.874508, 165.338606, 165.226638, 162.144246 ] }, { "date": "2024-11-22", "close": 163.399811, "volume": 23, "typical_volume": 140.25, "trend": 158.917759, "fair_value": 218.835878, "relative_strength": 8.855688, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.937227, "energy": 11.525206, "activity_lines": [ 163.074007, 164.851778, 165.272102, 162.479704 ] }, { "date": "2024-11-29", "close": 167.857285, "volume": 28, "typical_volume": 94.65, "trend": 159.593713, "fair_value": 218.230211, "relative_strength": 14.16718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.923619, "energy": 17.059341, "activity_lines": [ 163.987774, 165.241111, 165.642062, 163.056448 ] }, { "date": "2024-12-06", "close": 162.664841, "volume": 48, "typical_volume": 96.5, "trend": 159.523845, "fair_value": 217.534988, "relative_strength": 9.860756, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.725623, "energy": 12.979119, "activity_lines": [ 163.157362, 164.592401, 165.42606, 163.254585 ] }, { "date": "2024-12-13", "close": 153.291733, "volume": 412, "typical_volume": 112.2, "trend": 159.496796, "fair_value": 216.820897, "relative_strength": 4.338337, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.306396, "energy": 13.219545, "activity_lines": [ 160.122078, 162.41425, 164.270576, 162.852514 ] }, { "date": "2024-12-20", "close": 146.38118, "volume": 80, "typical_volume": 114.5, "trend": 159.239709, "fair_value": 215.979847, "relative_strength": 1.458591, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.870964, "energy": 42.113996, "activity_lines": [ 155.478782, 159.241338, 162.484716, 162.006345 ] }, { "date": "2024-12-27", "close": 145.617889, "volume": 20, "typical_volume": 70.9, "trend": 159.022141, "fair_value": 215.148687, "relative_strength": 2.229082, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.2701, "energy": 60.231021, "activity_lines": [ 151.111755, 156.215474, 160.728973, 161.127518 ] }, { "date": "2025-01-03", "close": 145.93544, "volume": 58, "typical_volume": 73.25, "trend": 159.12742, "fair_value": 214.326235, "relative_strength": 3.647094, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.666936, "energy": 64.81275, "activity_lines": [ 148.03604, 153.632957, 159.070856, 160.283214 ] }, { "date": "2025-01-10", "close": 144.876892, "volume": 40, "typical_volume": 64.05, "trend": 159.329223, "fair_value": 213.445925, "relative_strength": 2.284163, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.041175, "energy": 67.030192, "activity_lines": [ 146.068932, 151.252911, 157.402364, 159.363826 ] }, { "date": "2025-01-17", "close": 157.204178, "volume": 53, "typical_volume": 58.7, "trend": 159.898626, "fair_value": 212.750691, "relative_strength": 7.339332, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.186228, "energy": 56.199466, "activity_lines": [ 149.396782, 151.688378, 157.026003, 159.226726 ] }, { "date": "2025-01-24", "close": 157.502487, "volume": 13, "typical_volume": 58.2, "trend": 160.106017, "fair_value": 212.084112, "relative_strength": 7.046353, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.834858, "energy": 27.537827, "activity_lines": [ 152.563239, 152.296632, 156.748835, 159.072136 ] }, { "date": "2025-01-31", "close": 155.779953, "volume": 18, "typical_volume": 53.75, "trend": 160.552193, "fair_value": 211.388087, "relative_strength": 2.595642, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.083646, "energy": 20.487495, "activity_lines": [ 154.414098, 152.534228, 156.32071, 158.793035 ] }, { "date": "2025-02-07", "close": 96.905373, "volume": 2190, "typical_volume": 159.6, "trend": 158.827245, "fair_value": 210.231728, "relative_strength": -35.242188, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.619869, "energy": 64.278281, "activity_lines": [ 135.962626, 142.205898, 150.338977, 154.686789 ] }, { "date": "2025-02-14", "close": 100.908615, "volume": 728, "typical_volume": 194.6, "trend": 157.096331, "fair_value": 209.146293, "relative_strength": -34.284734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.798551, "energy": 95.403575, "activity_lines": [ 122.114239, 133.895465, 145.051762, 150.950103 ] }, { "date": "2025-02-21", "close": 104.315216, "volume": 450, "typical_volume": 215.8, "trend": 155.269385, "fair_value": 208.077806, "relative_strength": -31.349195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.391996, "energy": 93.163795, "activity_lines": [ 112.332603, 127.327255, 140.428833, 147.54487 ] }, { "date": "2025-02-28", "close": 104.536552, "volume": 58, "typical_volume": 217.45, "trend": 153.15488, "fair_value": 206.993715, "relative_strength": -28.567177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.752215, "energy": 89.665974, "activity_lines": [ 106.150678, 121.689769, 136.128747, 144.271784 ] }, { "date": "2025-03-07", "close": 114.4869, "volume": 58, "typical_volume": 219.65, "trend": 151.645495, "fair_value": 205.908993, "relative_strength": -22.862933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.990625, "energy": 87.883547, "activity_lines": [ 106.816597, 118.622249, 133.050433, 141.777075 ] }, { "date": "2025-03-14", "close": 114.900711, "volume": 328, "typical_volume": 235.35, "trend": 149.977935, "fair_value": 204.785573, "relative_strength": -24.552977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.417427, "energy": 81.107495, "activity_lines": [ 110.373324, 116.195986, 130.260765, 139.406444 ] }, { "date": "2025-03-21", "close": 113.630455, "volume": 101, "typical_volume": 236.4, "trend": 148.10966, "fair_value": 203.65424, "relative_strength": -26.946406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.725703, "energy": 62.883431, "activity_lines": [ 112.306943, 114.103034, 127.60134, 137.061445 ] }, { "date": "2025-03-28", "close": 118.084404, "volume": 11, "typical_volume": 236.15, "trend": 146.310188, "fair_value": 202.594573, "relative_strength": -23.466211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.725454, "energy": 50.488966, "activity_lines": [ 114.877088, 113.388009, 125.665276, 135.124332 ] }, { "date": "2025-04-04", "close": 100.254662, "volume": 152, "typical_volume": 243.45, "trend": 144.310273, "fair_value": 201.354377, "relative_strength": -32.300708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.214628, "energy": 57.205159, "activity_lines": [ 110.586041, 110.142481, 122.248474, 132.153008 ] }, { "date": "2025-04-11", "close": 105.715324, "volume": 961, "typical_volume": 290.35, "trend": 142.266988, "fair_value": 200.173959, "relative_strength": -28.545307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.945876, "energy": 56.948548, "activity_lines": [ 108.400673, 108.93067, 119.609293, 129.663011 ] }, { "date": "2025-04-18", "close": 106.667542, "volume": 158, "typical_volume": 296.85, "trend": 140.399593, "fair_value": 199.013504, "relative_strength": -28.632388, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.973916, "energy": 57.481605, "activity_lines": [ 107.117484, 108.802255, 117.335487, 127.366273 ] }, { "date": "2025-04-25", "close": 112.983253, "volume": 16, "typical_volume": 295.25, "trend": 138.423148, "fair_value": 197.830185, "relative_strength": -26.917138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.897453, "energy": 53.204345, "activity_lines": [ 108.488409, 109.644658, 115.954557, 125.597477 ] }, { "date": "2025-05-02", "close": 104.423035, "volume": 188, "typical_volume": 284.05, "trend": 136.314399, "fair_value": 196.771934, "relative_strength": -32.224999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.70545, "energy": 49.941229, "activity_lines": [ 107.049075, 108.711119, 113.994947, 123.403921 ] }, { "date": "2025-05-09", "close": 100.905663, "volume": 1751, "typical_volume": 367.6, "trend": 134.274532, "fair_value": 195.713946, "relative_strength": -34.559676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.622712, "energy": 80.44105, "activity_lines": [ 105.348041, 107.136097, 111.933058, 121.119486 ] }, { "date": "2025-05-16", "close": 109.941994, "volume": 177, "typical_volume": 375.45, "trend": 132.378383, "fair_value": 194.765221, "relative_strength": -29.574911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.287858, "energy": 52.663854, "activity_lines": [ 106.615718, 107.27006, 110.948321, 119.549645 ] }, { "date": "2025-05-23", "close": 104.636795, "volume": 297, "typical_volume": 387.4, "trend": 130.277716, "fair_value": 193.71937, "relative_strength": -31.748171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.707265, "energy": 54.565285, "activity_lines": [ 105.833218, 106.522077, 109.628213, 117.759865 ] }, { "date": "2025-05-30", "close": 112.652893, "volume": 660, "typical_volume": 418.4, "trend": 128.150902, "fair_value": 192.740208, "relative_strength": -25.546373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.335403, "energy": 37.919536, "activity_lines": [ 107.858133, 107.418182, 109.268203, 116.62278 ] }, { "date": "2025-06-06", "close": 115.548401, "volume": 105, "typical_volume": 421.0, "trend": 126.545038, "fair_value": 191.854216, "relative_strength": -22.66481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.552949, "energy": 22.18891, "activity_lines": [ 110.870241, 108.858518, 109.337403, 115.809715 ] }, { "date": "2025-06-13", "close": 112.283661, "volume": 19, "typical_volume": 421.3, "trend": 125.143105, "fair_value": 191.009664, "relative_strength": -25.009327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.720513, "energy": 16.138749, "activity_lines": [ 112.052411, 109.751373, 109.294036, 114.889627 ] }, { "date": "2025-06-20", "close": 109.980858, "volume": 17, "typical_volume": 421.25, "trend": 123.362473, "fair_value": 190.072275, "relative_strength": -26.035623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.611429, "energy": 17.134361, "activity_lines": [ 111.708448, 110.006828, 109.246682, 113.911417 ] }, { "date": "2025-06-27", "close": 125.48246, "volume": 23, "typical_volume": 312.9, "trend": 121.949979, "fair_value": 189.223741, "relative_strength": -14.997949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.386759, "energy": 22.01802, "activity_lines": [ 116.529094, 113.003201, 110.893763, 114.04819 ] }, { "date": "2025-07-04", "close": 118.70784, "volume": 221, "typical_volume": 287.55, "trend": 120.484745, "fair_value": 188.370552, "relative_strength": -21.805992, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.109273, "energy": 17.873162, "activity_lines": [ 117.701822, 114.425735, 111.75956, 113.83902 ] }, { "date": "2025-07-11", "close": 115.648964, "volume": 230, "typical_volume": 276.55, "trend": 119.229986, "fair_value": 187.53113, "relative_strength": -20.427625, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.793164, "energy": 18.003445, "activity_lines": [ 117.451262, 115.188027, 112.249278, 113.527034 ] }, { "date": "2025-07-18", "close": 114.825424, "volume": 419, "typical_volume": 294.6, "trend": 118.178128, "fair_value": 186.579861, "relative_strength": -18.840294, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.635773, "energy": 17.669064, "activity_lines": [ 116.919485, 115.596476, 112.606592, 113.242869 ] }, { "date": "2025-07-25", "close": 117.178398, "volume": 11, "typical_volume": 292.25, "trend": 117.230145, "fair_value": 185.663526, "relative_strength": -16.705735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.919636, "energy": 10.575139, "activity_lines": [ 117.002581, 116.179652, 113.139005, 113.17837 ] }, { "date": "2025-08-01", "close": 103.962502, "volume": 523, "typical_volume": 302.0, "trend": 115.831047, "fair_value": 184.741646, "relative_strength": -24.738407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.867631, "energy": 21.281995, "activity_lines": [ 112.200543, 114.228367, 112.399945, 112.322393 ] }, { "date": "2025-08-08", "close": 95.442749, "volume": 1008, "typical_volume": 347.35, "trend": 114.183242, "fair_value": 183.71297, "relative_strength": -32.020232, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.51994, "energy": 46.573505, "activity_lines": [ 105.993251, 110.740296, 110.901566, 111.007019 ] }, { "date": "2025-08-15", "close": 99.217323, "volume": 699, "typical_volume": 381.75, "trend": 112.250347, "fair_value": 182.680861, "relative_strength": -28.887015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.033329, "energy": 65.556978, "activity_lines": [ 102.595156, 108.251423, 109.849279, 110.041476 ] }, { "date": "2025-08-22", "close": 108.590027, "volume": 448, "typical_volume": 396.55, "trend": 110.619932, "fair_value": 181.693975, "relative_strength": -22.410234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.558785, "energy": 58.426149, "activity_lines": [ 103.416738, 107.763606, 109.779473, 109.805326 ] }, { "date": "2025-08-29", "close": 104.286034, "volume": 5, "typical_volume": 348.75, "trend": 108.903468, "fair_value": 180.749847, "relative_strength": -26.570739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -28.990557, "energy": 51.375827, "activity_lines": [ 103.21935, 106.560403, 109.260071, 109.396688 ] }, { "date": "2025-09-05", "close": 99.70752, "volume": 1, "typical_volume": 340.9, "trend": 108.996873, "fair_value": 179.703526, "relative_strength": -29.732239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.429618, "energy": 52.17991, "activity_lines": [ 102.355281, 104.628284, 108.311426, 108.803401 ] }, { "date": "2025-09-12", "close": 100.393814, "volume": 34, "typical_volume": 341.8, "trend": 108.979712, "fair_value": 178.74153, "relative_strength": -28.327674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.398615, "energy": 38.61147, "activity_lines": [ 102.003642, 103.289581, 107.461285, 108.248365 ] }, { "date": "2025-09-19", "close": 94.903526, "volume": 128, "typical_volume": 338.8, "trend": 108.665989, "fair_value": 177.762043, "relative_strength": -33.144846, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.541808, "energy": 59.88017, "activity_lines": [ 99.491836, 101.285627, 106.14821, 107.340224 ] }, { "date": "2025-09-26", "close": 88.824997, "volume": 119, "typical_volume": 257.2, "trend": 108.142271, "fair_value": 176.66915, "relative_strength": -36.38312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.824216, "energy": 81.359422, "activity_lines": [ 95.24144, 98.553675, 104.301558, 106.06016 ] }, { "date": "2025-10-03", "close": 85.355202, "volume": 2821, "typical_volume": 389.4, "trend": 107.171214, "fair_value": 175.542178, "relative_strength": -37.487888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.853069, "energy": 91.056274, "activity_lines": [ 91.152115, 95.663587, 102.181977, 104.590026 ] }, { "date": "2025-10-10", "close": 78.755051, "volume": 3883, "typical_volume": 568.7, "trend": 105.966359, "fair_value": 174.320236, "relative_strength": -40.041263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.243247, "energy": 95.86043, "activity_lines": [ 86.124795, 92.152074, 99.550889, 102.756726 ] }, { "date": "2025-10-17", "close": 78.764984, "volume": 5443, "typical_volume": 807.85, "trend": 104.804177, "fair_value": 173.065174, "relative_strength": -40.273801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.210394, "energy": 92.916144, "activity_lines": [ 82.497617, 89.100685, 97.043994, 101.001798 ] }, { "date": "2025-10-24", "close": 81.484436, "volume": 5014, "typical_volume": 1053.3, "trend": 103.584178, "fair_value": 171.769111, "relative_strength": -38.439928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.040105, "energy": 87.618714, "activity_lines": [ 81.218845, 86.846974, 94.957465, 99.497299 ] }, { "date": "2025-10-31", "close": 40.484169, "volume": 76455, "typical_volume": 4875.1, "trend": 101.591828, "fair_value": 170.207252, "relative_strength": -69.384318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.934093, "energy": 98.458612, "activity_lines": [ 67.167923, 77.461085, 89.128359, 95.42633 ] }, { "date": "2025-11-07", "close": 37.308163, "volume": 133002, "typical_volume": 11524.35, "trend": 99.311589, "fair_value": 168.487288, "relative_strength": -71.981745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.683594, "energy": 98.659964, "activity_lines": [ 55.281055, 68.736028, 83.338678, 91.278997 ] }, { "date": "2025-11-14", "close": 36.19656, "volume": 16931, "typical_volume": 12369.75, "trend": 96.962557, "fair_value": 166.718676, "relative_strength": -72.859094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.373732, "energy": 96.941201, "activity_lines": [ 46.226788, 61.026642, 77.78919, 87.20706 ] }, { "date": "2025-11-21", "close": 34.419979, "volume": 11004, "typical_volume": 12908.9, "trend": 94.343781, "fair_value": 164.918847, "relative_strength": -73.056909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.004707, "energy": 94.044264, "activity_lines": [ 39.41756, 54.148985, 72.495675, 83.172055 ] }, { "date": "2025-11-28", "close": 37.804413, "volume": 13650, "typical_volume": 13579.9, "trend": 92.12316, "fair_value": 163.114938, "relative_strength": -70.452046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.320593, "energy": 88.535646, "activity_lines": [ 36.69281, 49.086204, 67.925858, 79.524354 ] }, { "date": "2025-12-05", "close": 35.849182, "volume": 60173, "typical_volume": 16567.6, "trend": 89.954611, "fair_value": 161.397168, "relative_strength": -70.937874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.837816, "energy": 88.857586, "activity_lines": [ 36.228319, 44.706093, 63.540517, 75.893774 ] }, { "date": "2025-12-12", "close": 36.762283, "volume": 33330, "typical_volume": 18233.55, "trend": 87.515287, "fair_value": 159.727589, "relative_strength": -70.09254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.163846, "energy": 68.160062, "activity_lines": [ 36.377193, 41.455196, 59.618216, 72.462011 ] }, { "date": "2025-12-19", "close": 36.50423, "volume": 68297, "typical_volume": 21622.25, "trend": 85.244201, "fair_value": 158.065396, "relative_strength": -69.120571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.529218, "energy": 66.965395, "activity_lines": [ 36.476442, 39.040889, 56.054271, 69.170975 ] }, { "date": "2025-12-26", "close": 37.198982, "volume": 15234, "typical_volume": 22333.55, "trend": 82.729071, "fair_value": 156.374481, "relative_strength": -68.203994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.933148, "energy": 65.863515, "activity_lines": [ 36.786764, 37.521096, 52.877724, 66.071284 ] }, { "date": "2026-01-02", "close": 38.963417, "volume": 7068, "typical_volume": 22652.0, "trend": 80.176238, "fair_value": 154.700677, "relative_strength": -65.725536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.168958, "energy": 61.21143, "activity_lines": [ 37.499963, 37.077856, 50.146569, 63.247693 ] }, { "date": "2026-01-09", "close": 40.149261, "volume": 80990, "typical_volume": 26679.1, "trend": 77.771758, "fair_value": 153.020649, "relative_strength": -64.352277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.387228, "energy": 59.354502, "activity_lines": [ 38.531177, 37.623333, 47.815275, 60.665308 ] }, { "date": "2026-01-16", "close": 41.255386, "volume": 19118, "typical_volume": 27634.75, "trend": 75.480909, "fair_value": 151.321173, "relative_strength": -62.608978, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.761909, "energy": 55.862109, "activity_lines": [ 39.644428, 38.376013, 45.915234, 58.309413 ] }, { "date": "2026-01-23", "close": 42.680389, "volume": 11440, "typical_volume": 28206.7, "trend": 72.72084, "fair_value": 149.624798, "relative_strength": -63.252204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.318552, "energy": 50.4318, "activity_lines": [ 40.933139, 39.316016, 44.451054, 56.19325 ] }, { "date": "2026-01-30", "close": 40.488075, "volume": 39260, "typical_volume": 30168.0, "trend": 70.113515, "fair_value": 147.9685, "relative_strength": -64.559336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.058214, "energy": 74.700008, "activity_lines": [ 41.079335, 39.73953, 43.04964, 54.113717 ] }, { "date": "2026-02-06", "close": 38.066563, "volume": 32007, "typical_volume": 31761.95, "trend": 67.527435, "fair_value": 146.20078, "relative_strength": -66.383308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.2263, "energy": 59.922015, "activity_lines": [ 40.199088, 39.612439, 41.702872, 52.046172 ] }, { "date": "2026-02-13", "close": 38.53492, "volume": 32043, "typical_volume": 33358.15, "trend": 64.984418, "fair_value": 144.501908, "relative_strength": -65.99792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.612766, "energy": 62.600419, "activity_lines": [ 39.534749, 39.565738, 40.671361, 50.175687 ] }, { "date": "2026-02-20", "close": 37.468658, "volume": 15533, "typical_volume": 33993.75, "trend": 62.327427, "fair_value": 142.779857, "relative_strength": -66.993413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.043013, "energy": 66.022335, "activity_lines": [ 38.622613, 39.276339, 39.777777, 48.400476 ] }, { "date": "2026-02-27", "close": 37.229496, "volume": 70441, "typical_volume": 37321.65, "trend": 60.102993, "fair_value": 141.068517, "relative_strength": -66.186737, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.990034, "energy": 65.628465, "activity_lines": [ 37.883205, 38.930613, 39.089448, 46.781255 ] }, { "date": "2026-03-06", "close": 36.402393, "volume": 32913, "typical_volume": 38695.15, "trend": 58.134981, "fair_value": 139.460957, "relative_strength": -64.363751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.69031, "energy": 65.095054, "activity_lines": [ 37.231488, 38.421318, 38.520088, 45.252184 ] }, { "date": "2026-03-13", "close": 37.26936, "volume": 93901, "typical_volume": 43139.5, "trend": 56.070049, "fair_value": 137.916482, "relative_strength": -62.296142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.009518, "energy": 58.807351, "activity_lines": [ 37.14114, 38.084137, 38.235022, 43.906015 ] }, { "date": "2026-03-20", "close": 34.558857, "volume": 26889, "typical_volume": 40661.2, "trend": 53.602343, "fair_value": 136.323759, "relative_strength": -63.927801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.41186, "energy": 60.869435, "activity_lines": [ 36.200437, 37.284938, 37.902361, 42.518196 ] }, { "date": "2026-03-27", "close": 39.690872, "volume": 12019, "typical_volume": 34612.05, "trend": 51.449171, "fair_value": 134.753644, "relative_strength": -58.803113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.335346, "energy": 43.678315, "activity_lines": [ 37.235477, 37.520477, 38.08668, 41.620682 ] }, { "date": "2026-04-03", "close": 45.5, "volume": 10778, "typical_volume": 34304.4, "trend": 49.642254, "fair_value": 133.31017, "relative_strength": -53.484522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.614909, "energy": 7.024518, "activity_lines": [ 40.058745, 38.840666, 38.812902, 41.236864 ] }, { "date": "2026-04-10", "close": 43.549999, "volume": 34979, "typical_volume": 35503.15, "trend": 47.74746, "fair_value": 131.819529, "relative_strength": -56.59561, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.031602, "energy": 12.574841, "activity_lines": [ 41.680646, 39.755045, 39.309108, 40.843816 ] }, { "date": "2026-04-17", "close": 43.0, "volume": 12689, "typical_volume": 35455.1, "trend": 46.017343, "fair_value": 130.267919, "relative_strength": -55.787263, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.123794, "energy": 20.225725, "activity_lines": [ 42.642706, 40.513752, 39.709457, 40.537528 ] }, { "date": "2026-04-24", "close": 37.099998, "volume": 47062, "typical_volume": 34799.55, "trend": 44.293176, "fair_value": 128.699441, "relative_strength": -59.855291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.178538, "energy": 19.716494, "activity_lines": [ 41.256057, 40.110032, 39.52316, 39.962215 ] }, { "date": "2026-05-01", "close": 38.969551, "volume": 26627, "typical_volume": 34464.4, "trend": 42.746988, "fair_value": 127.293032, "relative_strength": -56.07634, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.582123, "energy": 8.169728, "activity_lines": [ 40.323183, 40.072321, 39.50896, 39.618756 ] }, { "date": "2026-05-08", "close": 32.847897, "volume": 21802, "typical_volume": 32139.65, "trend": 41.216749, "fair_value": 125.917419, "relative_strength": -61.453071, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.566711, "energy": 38.007769, "activity_lines": [ 37.397845, 38.894292, 38.901234, 38.980105 ] }, { "date": "2026-05-15", "close": 35.634991, "volume": 105309, "typical_volume": 36643.4, "trend": 39.779083, "fair_value": 124.53766, "relative_strength": -55.483604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.523763, "energy": 41.229458, "activity_lines": [ 36.245013, 38.302674, 38.576356, 38.619991 ] }, { "date": "2026-05-22", "close": 32.310387, "volume": 42629, "typical_volume": 38421.45, "trend": 38.139948, "fair_value": 123.212927, "relative_strength": -58.369803, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.982202, "energy": 63.846764, "activity_lines": [ 34.511646, 37.120535, 37.942297, 38.13814 ] }, { "date": "2026-05-29", "close": 34.440521, "volume": 23024, "typical_volume": 35523.15, "trend": 37.938493, "fair_value": 121.869771, "relative_strength": -53.746774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.984816, "energy": 64.613369, "activity_lines": [ 34.200965, 36.415856, 37.54279, 37.899467 ] }, { "date": "2026-06-05", "close": 29.284399, "volume": 2079, "typical_volume": 34671.2, "trend": 37.671034, "fair_value": 120.54624, "relative_strength": -58.296889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.676957, "energy": 72.606704, "activity_lines": [ 32.348875, 34.775852, 36.679407, 37.341139 ] }, { "date": "2026-06-12", "close": 30.369375, "volume": 241, "typical_volume": 34111.25, "trend": 37.476794, "fair_value": 119.232723, "relative_strength": -55.980261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.928487, "energy": 70.793384, "activity_lines": [ 31.50412, 33.522324, 35.97636, 36.870064 ] }, { "date": "2026-06-19", "close": 31.593704, "volume": 300, "typical_volume": 32163.25, "trend": 37.382585, "fair_value": 117.938179, "relative_strength": -52.106671, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.208446, "energy": 63.848214, "activity_lines": [ 31.23271, 32.766505, 35.44854, 36.49051 ] }, { "date": "2026-06-26", "close": 30.156725, "volume": 46, "typical_volume": 30565.2, "trend": 37.127662, "fair_value": 116.644512, "relative_strength": -53.845021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.218824, "energy": 69.774587, "activity_lines": [ 30.751726, 31.966804, 34.826219, 36.024325 ] }, { "date": "2026-07-03", "close": 30.139999, "volume": 39, "typical_volume": 28965.0, "trend": 36.937356, "fair_value": 115.329255, "relative_strength": -52.514333, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.152195, "energy": 66.77476, "activity_lines": [ 30.408744, 31.397575, 34.239971, 35.573508 ] }, { "date": "2026-07-10", "close": 28.15, "volume": 5910, "typical_volume": 28483.85, "trend": 36.65028, "fair_value": 114.156656, "relative_strength": -54.902037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.897109, "energy": 68.988277, "activity_lines": [ 29.68913, 30.593074, 33.504175, 35.006582 ] }, { "date": "2026-07-17", "close": 28.77, "volume": 2826, "typical_volume": 25103.1, "trend": 36.392473, "fair_value": 112.988031, "relative_strength": -50.937894, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.067737, "energy": 66.458059, "activity_lines": [ 29.25181, 30.09802, 32.871801, 34.498177 ] }, { "date": "2026-07-24", "close": 29.07, "volume": 1699, "typical_volume": 23542.4, "trend": 36.121506, "fair_value": 111.825413, "relative_strength": -48.432289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.022848, "energy": 69.157521, "activity_lines": [ 29.021115, 29.731654, 32.308282, 34.025759 ] }, { "date": "2026-07-31", "close": 27.15, "volume": 2110, "typical_volume": 18952.85, "trend": 35.727726, "fair_value": 110.665224, "relative_strength": -51.071553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.153653, "energy": 70.727137, "activity_lines": [ 28.318667, 29.135561, 31.596822, 33.446952 ] }, { "date": "2026-08-07", "close": 27.799999, "volume": 151, "typical_volume": 17615.95, "trend": 35.316084, "fair_value": 109.554596, "relative_strength": -46.521912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.12303, "energy": 72.587237, "activity_lines": [ 28.033333, 28.751475, 30.995453, 32.935486 ] } ], "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." } } }