{ "ticker": { "uuid": "00341fe4-6734-4154-961c-9d6597831802", "symbol": "CSEMUS", "name": "iShares VII PLC - iShares MSCI EMU Small Cap ETF EUR Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "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": "FTSEMIB.MI", "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": 66.811, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 69.73, "architecture_energy": 41.979, "architecture_maturity": 27.371, "architecture_confidence": 62.741, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 29.64, "rotation_up": 46.32, "upward_expansion": 75.9, "deceleration": 64.33, "rotation_down": 25.94, "downward_expansion": 4.9 }, "activity_lines": [ 368.503333, 367.540002, 366.223573, 361.343442 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 374.5, "trend_reference": 356.208334, "distance_from_trend": 0.051351, "trend_direction": "Improving", "fair_value": 298.38141, "distance_from_fair_value": 0.255105, "fair_value_direction": "Weakening", "relative_strength": -6.364979, "relative_strength_direction": "Weakening", "price_momentum": 0.068169, "excess_performance": -0.102723, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.051351, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038357, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.255105, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.001459, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.06365, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.028358, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.068169, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.757016, "read": "Demand-led" } ], "volume": { "latest": 1989, "relative_activity": 0.830532, "balance": 3.757016, "dry_up": 0.783034, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.02129, "annualized_volatility": 0.167878, "from_high_reference": -0.007684, "from_low_reference": 0.205537 }, "levels": { "trend_reference": 356.208334, "fair_value_reference": 298.38141, "structural_low": 310.649994, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.016157, "positive_rate": 0.764706, "directional_follow_through": 0.764706, "median_excess_return": -0.008107, "regime_survival": 0.529412, "best_return": 0.106207, "worst_return": -0.029092, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.023929, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.021453, "regime_survival": 0.4, "best_return": 0.170255, "worst_return": -0.031113, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.020349, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.039659, "regime_survival": 0.428571, "best_return": 0.150879, "worst_return": -0.133419, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.118808, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.026854, "regime_survival": 0.0, "best_return": 0.171855, "worst_return": -0.123148, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-20", "end": "2024-10-11", "tenure": "New", "return": 0.008657, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-11-15", "tenure": "Developing", "return": -0.030473, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-01-10", "tenure": "Developing", "return": 0.012458, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.022056, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": 0.01796, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.005102, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.082885, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-09-12", "tenure": "Established", "return": 0.043951, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-12-26", "tenure": "Established", "return": 0.023662, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-13", "tenure": "Developing", "return": -0.02058, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.093774, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.022749, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-10", "tenure": "Developing", "return": 0.010621, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.033246, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 250.25, "volume": 214, "typical_volume": 730.45, "trend": 255.646667, "fair_value": 248.689935, "relative_strength": -5.903001, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -13.986241, "energy": 6.88152, "activity_lines": [ 255.666665, 256.351816, 255.81595, 255.352579 ] }, { "date": "2023-08-25", "close": 250.75, "volume": 391, "typical_volume": 719.6, "trend": 255.406667, "fair_value": 249.033717, "relative_strength": -6.891009, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.886842, "energy": 29.895094, "activity_lines": [ 253.449999, 255.355452, 255.393093, 255.036665 ] }, { "date": "2023-09-01", "close": 256.649994, "volume": 635, "typical_volume": 738.75, "trend": 255.221666, "fair_value": 249.439551, "relative_strength": -5.890889, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.840589, "energy": 15.101369, "activity_lines": [ 253.819997, 255.584543, 255.529283, 255.11688 ] }, { "date": "2023-09-08", "close": 251.699997, "volume": 659, "typical_volume": 737.8, "trend": 254.979999, "fair_value": 249.787115, "relative_strength": -6.047952, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.066465, "energy": 24.755892, "activity_lines": [ 252.919997, 254.78727, 255.187617, 254.889676 ] }, { "date": "2023-09-15", "close": 253.350006, "volume": 604, "typical_volume": 724.2, "trend": 254.658332, "fair_value": 250.137051, "relative_strength": -7.249834, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.94307, "energy": 21.002942, "activity_lines": [ 253.016667, 254.346362, 255.015474, 254.784515 ] }, { "date": "2023-09-22", "close": 248.199997, "volume": 1765, "typical_volume": 748.65, "trend": 254.268332, "fair_value": 250.50782, "relative_strength": -7.8783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.877893, "energy": 31.900617, "activity_lines": [ 251.569999, 252.941817, 254.359522, 254.367848 ] }, { "date": "2023-09-29", "close": 246.75, "volume": 316, "typical_volume": 744.55, "trend": 253.646666, "fair_value": 250.829679, "relative_strength": -7.090281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.979685, "energy": 49.474207, "activity_lines": [ 249.776666, 251.484545, 253.590951, 253.882794 ] }, { "date": "2023-10-06", "close": 241.050003, "volume": 381, "typical_volume": 635.75, "trend": 253.086666, "fair_value": 251.089936, "relative_strength": -7.571331, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.893563, "energy": 74.56818, "activity_lines": [ 246.350001, 249.232727, 252.312618, 253.070106 ] }, { "date": "2023-10-13", "close": 240.350006, "volume": 683, "typical_volume": 629.1, "trend": 252.953333, "fair_value": 251.355, "relative_strength": -8.945198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.796382, "energy": 81.818591, "activity_lines": [ 243.730003, 247.24091, 251.043333, 252.248386 ] }, { "date": "2023-10-20", "close": 233.0, "volume": 797, "typical_volume": 613.25, "trend": 252.611666, "fair_value": 251.602051, "relative_strength": -8.617417, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.002644, "energy": 90.681089, "activity_lines": [ 239.416669, 244.24091, 249.132619, 250.961075 ] }, { "date": "2023-10-27", "close": 231.25, "volume": 896, "typical_volume": 644.65, "trend": 251.894999, "fair_value": 251.908397, "relative_strength": -8.804475, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.939275, "energy": 93.715813, "activity_lines": [ 235.876668, 241.340001, 247.159762, 249.582903 ] }, { "date": "2023-11-03", "close": 245.149994, "volume": 592, "typical_volume": 656.55, "trend": 251.728333, "fair_value": 252.233974, "relative_strength": -7.78442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.727806, "energy": 75.602963, "activity_lines": [ 238.099999, 241.311818, 246.624761, 249.147741 ] }, { "date": "2023-11-10", "close": 244.300003, "volume": 390, "typical_volume": 615.7, "trend": 251.361666, "fair_value": 252.476602, "relative_strength": -7.327703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.675009, "energy": 50.155483, "activity_lines": [ 240.146666, 241.23091, 246.075476, 248.668494 ] }, { "date": "2023-11-17", "close": 253.0, "volume": 757, "typical_volume": 636.15, "trend": 251.318332, "fair_value": 252.735256, "relative_strength": -7.069477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.616555, "energy": 16.959115, "activity_lines": [ 244.876666, 242.956364, 246.380476, 248.774193 ] }, { "date": "2023-11-24", "close": 252.850006, "volume": 583, "typical_volume": 654.6, "trend": 251.254999, "fair_value": 252.950641, "relative_strength": -6.707992, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.677572, "energy": 23.469154, "activity_lines": [ 248.713335, 244.63091, 246.679762, 248.87301 ] }, { "date": "2023-12-01", "close": 256.549988, "volume": 4188, "typical_volume": 834.15, "trend": 251.354999, "fair_value": 253.173076, "relative_strength": -6.679024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 20.007128, "energy": 32.57889, "activity_lines": [ 252.459998, 246.987272, 247.326666, 249.214623 ] }, { "date": "2023-12-08", "close": 258.149994, "volume": 15519, "typical_volume": 1589.65, "trend": 251.503332, "fair_value": 253.428846, "relative_strength": -7.3168, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.771913, "energy": 42.684739, "activity_lines": [ 255.05333, 249.482725, 248.141427, 249.653009 ] }, { "date": "2023-12-15", "close": 263.799988, "volume": 3272, "typical_volume": 1726.8, "trend": 251.731665, "fair_value": 253.685256, "relative_strength": -4.98071, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.440549, "energy": 64.59212, "activity_lines": [ 258.663326, 252.798178, 249.503331, 250.446342 ] }, { "date": "2023-12-22", "close": 266.549988, "volume": 7601, "typical_volume": 2051.35, "trend": 252.194998, "fair_value": 253.949358, "relative_strength": -3.714099, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.502016, "energy": 71.969332, "activity_lines": [ 261.88999, 256.199994, 251.120235, 251.402363 ] }, { "date": "2023-12-29", "close": 267.149994, "volume": 1481, "typical_volume": 2086.2, "trend": 252.601664, "fair_value": 254.201602, "relative_strength": -3.261547, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.166319, "energy": 76.725497, "activity_lines": [ 264.413324, 259.234539, 252.755473, 252.367201 ] }, { "date": "2024-01-05", "close": 262.149994, "volume": 1387, "typical_volume": 2144.85, "trend": 252.833331, "fair_value": 254.374038, "relative_strength": -5.122225, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.512075, "energy": 78.614273, "activity_lines": [ 264.316659, 260.739084, 253.861187, 252.983223 ] }, { "date": "2024-01-12", "close": 263.25, "volume": 674, "typical_volume": 2159.0, "trend": 252.969998, "fair_value": 254.559294, "relative_strength": -4.586606, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.276599, "energy": 69.646916, "activity_lines": [ 264.213328, 261.881812, 255.014996, 253.655266 ] }, { "date": "2024-01-19", "close": 257.549988, "volume": 9880, "typical_volume": 2621.25, "trend": 253.231664, "fair_value": 254.696153, "relative_strength": -5.829088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.972721, "energy": 45.206183, "activity_lines": [ 261.869993, 261.659084, 255.566424, 253.950749 ] }, { "date": "2024-01-26", "close": 265.299988, "volume": 5922, "typical_volume": 2884.4, "trend": 253.581664, "fair_value": 254.915063, "relative_strength": -3.087286, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.874672, "energy": 39.121697, "activity_lines": [ 262.526658, 262.604537, 256.851661, 254.729351 ] }, { "date": "2024-02-02", "close": 262.5, "volume": 753, "typical_volume": 2891.85, "trend": 253.936663, "fair_value": 255.055127, "relative_strength": -4.928256, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.787214, "energy": 35.607227, "activity_lines": [ 262.333327, 262.817266, 257.805471, 255.304727 ] }, { "date": "2024-02-09", "close": 262.350006, "volume": 4271, "typical_volume": 3017.15, "trend": 254.021664, "fair_value": 255.173397, "relative_strength": -6.102211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.330058, "energy": 32.799063, "activity_lines": [ 262.399998, 262.827268, 258.701424, 255.847524 ] }, { "date": "2024-02-16", "close": 265.75, "volume": 1064, "typical_volume": 3054.55, "trend": 254.211664, "fair_value": 255.320832, "relative_strength": -6.390565, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.64197, "energy": 50.857024, "activity_lines": [ 263.586666, 263.349997, 259.853806, 256.60419 ] }, { "date": "2024-02-23", "close": 265.25, "volume": 1158, "typical_volume": 3093.4, "trend": 254.308331, "fair_value": 255.484294, "relative_strength": -9.038208, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.153101, "energy": 50.928705, "activity_lines": [ 264.44, 263.643634, 260.868092, 257.316341 ] }, { "date": "2024-03-01", "close": 266.649994, "volume": 1004, "typical_volume": 3109.45, "trend": 254.583331, "fair_value": 255.663781, "relative_strength": -8.921869, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.368358, "energy": 53.422058, "activity_lines": [ 265.246665, 264.165452, 261.900472, 258.112577 ] }, { "date": "2024-03-08", "close": 267.850006, "volume": 1132, "typical_volume": 3126.2, "trend": 254.979998, "fair_value": 255.786858, "relative_strength": -9.518791, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.572278, "energy": 59.999588, "activity_lines": [ 266.363334, 264.903635, 262.921902, 258.968492 ] }, { "date": "2024-03-15", "close": 268.700012, "volume": 6188, "typical_volume": 3390.8, "trend": 255.594998, "fair_value": 255.911217, "relative_strength": -10.340724, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.398021, "energy": 65.418272, "activity_lines": [ 267.406671, 265.783638, 263.858332, 259.853654 ] }, { "date": "2024-03-22", "close": 272.149994, "volume": 1214, "typical_volume": 3421.9, "trend": 256.308331, "fair_value": 256.049999, "relative_strength": -9.969433, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.577847, "energy": 76.28054, "activity_lines": [ 269.176668, 267.171819, 264.944998, 260.921718 ] }, { "date": "2024-03-29", "close": 277.049988, "volume": 812, "typical_volume": 3443.0, "trend": 256.988331, "fair_value": 256.186538, "relative_strength": -9.151475, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.784842, "energy": 85.666196, "activity_lines": [ 272.153331, 269.28909, 266.369759, 262.25989 ] }, { "date": "2024-04-05", "close": 276.25, "volume": 1208, "typical_volume": 3465.55, "trend": 257.806665, "fair_value": 256.31314, "relative_strength": -7.228079, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.262302, "energy": 89.492226, "activity_lines": [ 274.076664, 270.906363, 267.562379, 263.502578 ] }, { "date": "2024-04-12", "close": 274.649994, "volume": 1832, "typical_volume": 3528.0, "trend": 258.516664, "fair_value": 256.409614, "relative_strength": -6.880946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.014767, "energy": 83.664428, "activity_lines": [ 274.826662, 272.033634, 268.491902, 264.589244 ] }, { "date": "2024-04-19", "close": 271.350006, "volume": 5064, "typical_volume": 3571.8, "trend": 259.288331, "fair_value": 256.491025, "relative_strength": -8.192638, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.675591, "energy": 68.791091, "activity_lines": [ 274.023332, 272.339999, 269.003332, 265.417202 ] }, { "date": "2024-04-26", "close": 275.25, "volume": 2780, "typical_volume": 2934.85, "trend": 260.238331, "fair_value": 256.583974, "relative_strength": -7.484851, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.531448, "energy": 59.024367, "activity_lines": [ 274.343333, 273.191817, 269.815713, 266.446987 ] }, { "date": "2024-05-03", "close": 278.350006, "volume": 2626, "typical_volume": 2902.55, "trend": 261.481665, "fair_value": 256.679807, "relative_strength": -4.505151, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.261177, "energy": 60.242047, "activity_lines": [ 275.490002, 274.434546, 270.841904, 267.615482 ] }, { "date": "2024-05-10", "close": 284.5, "volume": 931, "typical_volume": 2569.05, "trend": 262.953331, "fair_value": 256.826281, "relative_strength": -5.065442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.387252, "energy": 68.429483, "activity_lines": [ 278.600002, 276.557273, 272.384524, 269.100536 ] }, { "date": "2024-05-17", "close": 290.200012, "volume": 1223, "typical_volume": 2556.15, "trend": 264.859998, "fair_value": 256.995512, "relative_strength": -4.952467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.555521, "energy": 93.324545, "activity_lines": [ 283.060006, 279.391821, 274.384525, 270.858387 ] }, { "date": "2024-05-24", "close": 289.200012, "volume": 1293, "typical_volume": 2551.45, "trend": 266.791665, "fair_value": 257.130128, "relative_strength": -2.553259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.582904, "energy": 92.766137, "activity_lines": [ 286.150008, 281.638186, 276.179526, 272.42871 ] }, { "date": "2024-05-31", "close": 288.600006, "volume": 11227, "typical_volume": 3079.1, "trend": 268.239999, "fair_value": 257.246474, "relative_strength": -2.529142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.015497, "energy": 89.167389, "activity_lines": [ 287.850008, 283.402733, 277.788574, 273.8357 ] }, { "date": "2024-06-07", "close": 287.700012, "volume": 7854, "typical_volume": 2977.8, "trend": 269.686666, "fair_value": 257.346794, "relative_strength": -3.06633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.838319, "energy": 84.444094, "activity_lines": [ 288.36001, 284.704553, 279.191194, 275.091184 ] }, { "date": "2024-06-14", "close": 272.600006, "volume": 4131, "typical_volume": 2888.25, "trend": 270.339999, "fair_value": 257.385256, "relative_strength": -2.334807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.517493, "energy": 42.862658, "activity_lines": [ 283.213342, 283.06728, 279.012147, 275.279142 ] }, { "date": "2024-06-21", "close": 275.5, "volume": 1378, "typical_volume": 2919.5, "trend": 271.094999, "fair_value": 257.429166, "relative_strength": -3.006461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.899111, "energy": 22.289303, "activity_lines": [ 279.826672, 282.023643, 279.074528, 275.612045 ] }, { "date": "2024-06-28", "close": 271.450012, "volume": 4167, "typical_volume": 2914.3, "trend": 271.591667, "fair_value": 257.440384, "relative_strength": -3.803729, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.13853, "energy": 22.461554, "activity_lines": [ 276.070007, 280.228189, 278.689291, 275.634949 ] }, { "date": "2024-07-05", "close": 279.399994, "volume": 1132, "typical_volume": 2917.7, "trend": 272.3, "fair_value": 257.507051, "relative_strength": -3.231054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.922303, "energy": 27.144366, "activity_lines": [ 276.146669, 279.876369, 279.017861, 276.138712 ] }, { "date": "2024-07-12", "close": 283.200012, "volume": 1689, "typical_volume": 2944.25, "trend": 272.946667, "fair_value": 257.622435, "relative_strength": -3.405691, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.083786, "energy": 22.612916, "activity_lines": [ 278.103339, 280.140006, 279.643338, 276.841939 ] }, { "date": "2024-07-19", "close": 277.75, "volume": 10611, "typical_volume": 3424.6, "trend": 273.320001, "fair_value": 257.672115, "relative_strength": -4.059283, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.746493, "energy": 10.914501, "activity_lines": [ 278.543337, 279.32455, 279.66429, 277.151831 ] }, { "date": "2024-07-26", "close": 277.149994, "volume": 8344, "typical_volume": 3785.2, "trend": 273.653335, "fair_value": 257.70641, "relative_strength": -2.969085, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.163687, "energy": 11.937036, "activity_lines": [ 278.44, 278.52273, 279.575242, 277.398928 ] }, { "date": "2024-08-02", "close": 265.899994, "volume": 8199, "typical_volume": 3885.75, "trend": 273.778335, "fair_value": 257.64391, "relative_strength": -1.530009, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.025832, "energy": 14.65261, "activity_lines": [ 274.476664, 275.912728, 278.370479, 276.898712 ] }, { "date": "2024-08-09", "close": 265.049988, "volume": 961, "typical_volume": 3873.1, "trend": 273.838334, "fair_value": 257.549999, "relative_strength": -0.951908, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.064032, "energy": 44.113893, "activity_lines": [ 270.599994, 273.571816, 277.098097, 276.335593 ] }, { "date": "2024-08-16", "close": 270.0, "volume": 431, "typical_volume": 3854.05, "trend": 274.253335, "fair_value": 257.516346, "relative_strength": -2.759632, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.872607, "energy": 45.989114, "activity_lines": [ 269.329995, 272.559089, 276.330954, 276.087958 ] }, { "date": "2024-08-23", "close": 273.200012, "volume": 3502, "typical_volume": 3968.75, "trend": 274.516669, "fair_value": 257.466346, "relative_strength": -3.217232, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.506163, "energy": 47.330332, "activity_lines": [ 270.006667, 272.45, 275.902145, 276.020002 ] }, { "date": "2024-08-30", "close": 276.149994, "volume": 905, "typical_volume": 3922.4, "trend": 274.971668, "fair_value": 257.422435, "relative_strength": -4.026553, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.012866, "energy": 22.588074, "activity_lines": [ 271.969999, 272.866362, 275.768811, 276.125378 ] }, { "date": "2024-09-06", "close": 265.450012, "volume": 1796, "typical_volume": 3759.0, "trend": 275.075002, "fair_value": 257.337499, "relative_strength": -4.540373, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.843104, "energy": 23.18158, "activity_lines": [ 270.433337, 271.325456, 274.609288, 275.511078 ] }, { "date": "2024-09-13", "close": 269.799988, "volume": 689, "typical_volume": 3654.45, "trend": 275.210002, "fair_value": 257.294551, "relative_strength": -3.61458, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.09881, "energy": 27.893143, "activity_lines": [ 270.376666, 270.684544, 273.892144, 275.170754 ] }, { "date": "2024-09-20", "close": 271.450012, "volume": 1091, "typical_volume": 3577.7, "trend": 275.416669, "fair_value": 257.25641, "relative_strength": -3.438595, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.497992, "energy": 23.695843, "activity_lines": [ 270.553337, 270.518183, 273.358097, 274.928174 ] }, { "date": "2024-09-27", "close": 279.649994, "volume": 4586, "typical_volume": 3760.45, "trend": 275.850002, "fair_value": 257.310256, "relative_strength": -3.132984, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.973691, "energy": 12.687243, "activity_lines": [ 273.366667, 272.056364, 273.637858, 275.201292 ] }, { "date": "2024-10-04", "close": 275.25, "volume": 2805, "typical_volume": 3839.55, "trend": 276.096668, "fair_value": 257.338782, "relative_strength": -1.333335, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.501763, "energy": 15.540468, "activity_lines": [ 274.283333, 272.76, 273.521667, 275.162582 ] }, { "date": "2024-10-11", "close": 273.799988, "volume": 13674, "typical_volume": 4458.6, "trend": 276.266668, "fair_value": 257.311538, "relative_strength": -3.777314, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.377436, "energy": 17.034323, "activity_lines": [ 274.776662, 273.234544, 273.338571, 275.014409 ] }, { "date": "2024-10-18", "close": 275.649994, "volume": 2192, "typical_volume": 4006.85, "trend": 276.383334, "fair_value": 257.280128, "relative_strength": -5.442123, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.15894, "energy": 13.947692, "activity_lines": [ 275.329995, 273.901816, 273.404999, 274.974624 ] }, { "date": "2024-10-25", "close": 272.25, "volume": 739, "typical_volume": 3651.1, "trend": 276.223335, "fair_value": 257.228846, "relative_strength": -5.316982, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.510945, "energy": 10.018106, "activity_lines": [ 274.359996, 273.758179, 273.209284, 274.707957 ] }, { "date": "2024-11-01", "close": 268.600006, "volume": 770, "typical_volume": 3483.05, "trend": 275.968335, "fair_value": 257.117628, "relative_strength": -6.141633, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -42.970596, "energy": 22.743715, "activity_lines": [ 272.119999, 272.909999, 272.739523, 274.216129 ] }, { "date": "2024-11-08", "close": 268.75, "volume": 950, "typical_volume": 3461.65, "trend": 275.771668, "fair_value": 257.007051, "relative_strength": -3.563633, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.100191, "energy": 43.317838, "activity_lines": [ 270.666667, 272.172726, 272.303094, 273.75043 ] }, { "date": "2024-11-15", "close": 267.25, "volume": 892, "typical_volume": 3297.9, "trend": 275.635002, "fair_value": 256.913782, "relative_strength": -4.984976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.378914, "energy": 54.873195, "activity_lines": [ 269.146667, 271.297272, 271.755952, 273.200645 ] }, { "date": "2024-11-22", "close": 264.899994, "volume": 1054, "typical_volume": 3294.0, "trend": 275.290001, "fair_value": 256.879487, "relative_strength": -3.70708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.816502, "energy": 63.51995, "activity_lines": [ 267.279999, 269.961816, 271.004999, 272.508064 ] }, { "date": "2024-11-29", "close": 266.600006, "volume": 1064, "typical_volume": 3262.75, "trend": 274.898335, "fair_value": 256.871154, "relative_strength": -2.721848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.750827, "energy": 58.846234, "activity_lines": [ 266.696667, 269.024545, 270.484999, 271.947419 ] }, { "date": "2024-12-06", "close": 273.149994, "volume": 1105, "typical_volume": 2787.45, "trend": 274.520001, "fair_value": 256.866346, "relative_strength": -4.019005, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.06621, "energy": 30.983145, "activity_lines": [ 268.673332, 269.366362, 270.667856, 271.834623 ] }, { "date": "2024-12-13", "close": 271.549988, "volume": 1076, "typical_volume": 2424.05, "trend": 273.898334, "fair_value": 256.864743, "relative_strength": -4.759696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.685312, "energy": 20.989667, "activity_lines": [ 269.813328, 269.535451, 270.720236, 271.643009 ] }, { "date": "2024-12-20", "close": 265.0, "volume": 1282, "typical_volume": 2078.2, "trend": 273.091667, "fair_value": 256.788461, "relative_strength": -3.754404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.396716, "energy": 24.503257, "activity_lines": [ 268.583329, 268.580907, 270.175474, 271.068923 ] }, { "date": "2024-12-27", "close": 267.850006, "volume": 119, "typical_volume": 2036.1, "trend": 272.4, "fair_value": 256.705769, "relative_strength": -3.625752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.231066, "energy": 18.507426, "activity_lines": [ 268.453333, 268.304544, 269.906427, 270.730752 ] }, { "date": "2025-01-03", "close": 269.350006, "volume": 154, "typical_volume": 2022.25, "trend": 271.788333, "fair_value": 256.630769, "relative_strength": -2.827094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.959553, "energy": 20.774018, "activity_lines": [ 268.626668, 268.442727, 269.766904, 270.533978 ] }, { "date": "2025-01-10", "close": 268.200012, "volume": 1000, "typical_volume": 1897.15, "trend": 271.641667, "fair_value": 256.554167, "relative_strength": -5.67213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.299959, "energy": 28.222927, "activity_lines": [ 268.233339, 268.424548, 269.520953, 270.302473 ] }, { "date": "2025-01-17", "close": 274.299988, "volume": 2715, "typical_volume": 1987.65, "trend": 271.601666, "fair_value": 256.561218, "relative_strength": -6.451216, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.831965, "energy": 8.854504, "activity_lines": [ 270.203335, 269.522727, 269.879761, 270.473978 ] }, { "date": "2025-01-24", "close": 276.149994, "volume": 1732, "typical_volume": 1984.45, "trend": 271.758332, "fair_value": 256.622115, "relative_strength": -5.397372, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.595849, "energy": 19.821432, "activity_lines": [ 272.606665, 270.856363, 270.42357, 270.767418 ] }, { "date": "2025-01-31", "close": 280.600006, "volume": 2367, "typical_volume": 2068.35, "trend": 271.798333, "fair_value": 256.709295, "relative_strength": -4.392911, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.656364, "energy": 52.78668, "activity_lines": [ 275.75, 272.837273, 271.340238, 271.337849 ] }, { "date": "2025-02-07", "close": 280.350006, "volume": 4548, "typical_volume": 2241.2, "trend": 271.703333, "fair_value": 256.76282, "relative_strength": -5.791027, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.763072, "energy": 71.715761, "activity_lines": [ 277.960002, 274.487274, 272.181667, 271.88957 ] }, { "date": "2025-02-14", "close": 286.75, "volume": 3260, "typical_volume": 2174.9, "trend": 272.003333, "fair_value": 256.891987, "relative_strength": -5.793733, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.955829, "energy": 84.207498, "activity_lines": [ 281.570001, 277.050911, 273.590238, 272.860322 ] }, { "date": "2025-02-21", "close": 287.299988, "volume": 1260, "typical_volume": 2097.65, "trend": 272.341666, "fair_value": 257.0625, "relative_strength": -6.559265, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.720958, "energy": 86.873846, "activity_lines": [ 284.126664, 279.467272, 275.01738, 273.847203 ] }, { "date": "2025-02-28", "close": 288.799988, "volume": 5015, "typical_volume": 1664.7, "trend": 273.104999, "fair_value": 257.388461, "relative_strength": -6.499518, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.239779, "energy": 87.16658, "activity_lines": [ 286.316661, 281.869997, 276.529998, 274.909031 ] }, { "date": "2025-03-07", "close": 296.799988, "volume": 2847, "typical_volume": 1697.45, "trend": 274.163332, "fair_value": 257.690064, "relative_strength": -3.679075, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.122879, "energy": 93.516446, "activity_lines": [ 290.329991, 285.29454, 278.733092, 276.43774 ] }, { "date": "2025-03-14", "close": 296.049988, "volume": 8846, "typical_volume": 2102.8, "trend": 275.031665, "fair_value": 257.910576, "relative_strength": -4.016898, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.133862, "energy": 88.838389, "activity_lines": [ 293.013322, 288.056357, 280.764044, 277.849782 ] }, { "date": "2025-03-21", "close": 297.950012, "volume": 3487, "typical_volume": 2238.65, "trend": 275.856665, "fair_value": 258.146474, "relative_strength": -4.276457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.409651, "energy": 87.951326, "activity_lines": [ 295.283329, 290.678178, 282.862617, 279.328385 ] }, { "date": "2025-03-28", "close": 291.899994, "volume": 23430, "typical_volume": 3362.65, "trend": 276.381665, "fair_value": 258.328205, "relative_strength": -5.401345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.670415, "energy": 66.390659, "activity_lines": [ 294.789996, 291.659087, 284.245235, 280.363439 ] }, { "date": "2025-04-04", "close": 264.600006, "volume": 7423, "typical_volume": 3689.2, "trend": 276.353332, "fair_value": 258.351282, "relative_strength": -4.013957, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 14.82968, "energy": 16.190336, "activity_lines": [ 284.89, 287.356361, 282.917617, 279.603332 ] }, { "date": "2025-04-11", "close": 265.950012, "volume": 7841, "typical_volume": 4028.55, "trend": 276.224999, "fair_value": 258.373077, "relative_strength": -1.687825, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 2.441685, "energy": 17.749116, "activity_lines": [ 277.053339, 283.509091, 281.73119, 278.93215 ] }, { "date": "2025-04-18", "close": 278.700012, "volume": 1213, "typical_volume": 4036.0, "trend": 276.466666, "fair_value": 258.46282, "relative_strength": -2.504248, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -1.297188, "energy": 22.068798, "activity_lines": [ 275.523342, 282.246366, 281.754048, 279.091828 ] }, { "date": "2025-04-25", "close": 287.0, "volume": 800, "typical_volume": 4020.75, "trend": 276.711666, "fair_value": 258.633013, "relative_strength": -3.195708, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.060407, "energy": 28.52268, "activity_lines": [ 277.916673, 282.52273, 282.509762, 279.771398 ] }, { "date": "2025-05-02", "close": 297.75, "volume": 1268, "typical_volume": 4030.35, "trend": 277.461666, "fair_value": 258.927884, "relative_strength": -2.016912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.964884, "energy": 20.502407, "activity_lines": [ 284.623338, 284.749094, 284.223334, 281.12871 ] }, { "date": "2025-05-09", "close": 301.799988, "volume": 2506, "typical_volume": 4091.55, "trend": 278.394999, "fair_value": 259.249679, "relative_strength": -3.185147, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.8975, "energy": 54.74132, "activity_lines": [ 292.289998, 287.521819, 286.197857, 282.698924 ] }, { "date": "2025-05-16", "close": 308.299988, "volume": 2152, "typical_volume": 4193.2, "trend": 279.483332, "fair_value": 259.597435, "relative_strength": -4.085104, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.017791, "energy": 76.024335, "activity_lines": [ 299.643327, 291.239999, 288.616189, 284.628278 ] }, { "date": "2025-05-23", "close": 309.25, "volume": 1927, "typical_volume": 4281.85, "trend": 280.716666, "fair_value": 259.905128, "relative_strength": -0.778239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.005695, "energy": 80.577124, "activity_lines": [ 304.489994, 294.921817, 290.932379, 286.548708 ] }, { "date": "2025-05-30", "close": 315.049988, "volume": 2305, "typical_volume": 4347.1, "trend": 282.264998, "fair_value": 260.250961, "relative_strength": -0.337227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.945332, "energy": 84.008445, "activity_lines": [ 309.233325, 299.418178, 293.61095, 288.763761 ] }, { "date": "2025-06-06", "close": 316.899994, "volume": 1658, "typical_volume": 4294.25, "trend": 283.869998, "fair_value": 260.682692, "relative_strength": -0.903785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.323138, "energy": 85.405473, "activity_lines": [ 312.723326, 303.939995, 296.242616, 290.998277 ] }, { "date": "2025-06-13", "close": 312.350006, "volume": 3576, "typical_volume": 4386.45, "trend": 285.373332, "fair_value": 261.170512, "relative_strength": 0.658236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.914952, "energy": 76.672169, "activity_lines": [ 313.419997, 307.179997, 298.238093, 292.835697 ] }, { "date": "2025-06-20", "close": 310.5, "volume": 3425, "typical_volume": 4439.35, "trend": 286.893332, "fair_value": 261.65032, "relative_strength": 0.68027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.619563, "energy": 61.873385, "activity_lines": [ 312.796665, 309.215451, 299.884998, 294.456772 ] }, { "date": "2025-06-27", "close": 318.100006, "volume": 2283, "typical_volume": 4326.1, "trend": 288.609999, "fair_value": 262.224358, "relative_strength": 1.864069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.295724, "energy": 56.728098, "activity_lines": [ 314.560002, 311.822726, 302.113332, 296.470106 ] }, { "date": "2025-07-04", "close": 319.549988, "volume": 8122, "typical_volume": 4569.2, "trend": 290.156665, "fair_value": 262.77532, "relative_strength": 2.677403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.818252, "energy": 60.02076, "activity_lines": [ 316.216665, 313.977269, 304.299998, 298.466235 ] }, { "date": "2025-07-11", "close": 325.950012, "volume": 6345, "typical_volume": 4823.45, "trend": 291.969999, "fair_value": 263.402884, "relative_strength": 3.556553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.548889, "energy": 87.941611, "activity_lines": [ 319.706669, 316.703636, 306.939999, 300.775483 ] }, { "date": "2025-07-18", "close": 326.149994, "volume": 1992, "typical_volume": 4672.3, "trend": 294.008332, "fair_value": 263.975961, "relative_strength": 3.02539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.529353, "energy": 89.876729, "activity_lines": [ 322.66, 318.953635, 309.414999, 302.980644 ] }, { "date": "2025-07-25", "close": 326.899994, "volume": 2082, "typical_volume": 4634.05, "trend": 295.976665, "fair_value": 264.526281, "relative_strength": 2.255154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.525097, "energy": 89.21963, "activity_lines": [ 324.943331, 320.897271, 311.78357, 305.102686 ] }, { "date": "2025-08-01", "close": 317.5, "volume": 2528, "typical_volume": 4318.15, "trend": 297.581665, "fair_value": 265.011217, "relative_strength": 1.34997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.723181, "energy": 80.285166, "activity_lines": [ 322.999998, 320.793635, 313.11357, 306.491289 ] }, { "date": "2025-08-08", "close": 326.950012, "volume": 4290, "typical_volume": 4358.3, "trend": 299.539998, "fair_value": 265.525961, "relative_strength": 0.270842, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.479137, "energy": 65.156019, "activity_lines": [ 324.246669, 322.258183, 315.241428, 308.386021 ] }, { "date": "2025-08-15", "close": 326.450012, "volume": 800, "typical_volume": 3226.8, "trend": 301.278333, "fair_value": 266.057692, "relative_strength": -2.175667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.436924, "energy": 61.536295, "activity_lines": [ 324.833339, 323.415458, 317.183572, 310.122151 ] }, { "date": "2025-08-22", "close": 330.799988, "volume": 2691, "typical_volume": 2990.2, "trend": 303.099999, "fair_value": 266.69423, "relative_strength": -2.25806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.061395, "energy": 64.768603, "activity_lines": [ 326.836668, 325.190001, 319.375476, 312.026774 ] }, { "date": "2025-08-29", "close": 322.549988, "volume": 5762, "typical_volume": 2886.25, "trend": 304.498332, "fair_value": 267.295833, "relative_strength": -2.085673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.179112, "energy": 56.828122, "activity_lines": [ 325.779997, 325.129089, 320.466427, 313.281612 ] }, { "date": "2025-09-05", "close": 317.149994, "volume": 829, "typical_volume": 2867.05, "trend": 305.724998, "fair_value": 267.846153, "relative_strength": -2.279802, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.942562, "energy": 40.74475, "activity_lines": [ 323.213328, 323.86727, 320.773569, 314.097848 ] }, { "date": "2025-09-12", "close": 321.850006, "volume": 1514, "typical_volume": 2902.75, "trend": 306.894998, "fair_value": 268.403525, "relative_strength": -2.949596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.166969, "energy": 33.168869, "activity_lines": [ 322.236664, 323.477272, 321.345237, 315.138171 ] }, { "date": "2025-09-19", "close": 323.299988, "volume": 1074, "typical_volume": 2893.05, "trend": 308.094998, "fair_value": 269.128204, "relative_strength": -1.830405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.083294, "energy": 22.570226, "activity_lines": [ 322.083327, 323.309088, 321.889046, 316.196557 ] }, { "date": "2025-09-26", "close": 320.350006, "volume": 925, "typical_volume": 2814.0, "trend": 309.146665, "fair_value": 269.853204, "relative_strength": -3.358832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.530491, "energy": 21.568899, "activity_lines": [ 321.156665, 322.652726, 322.030237, 316.987203 ] }, { "date": "2025-10-03", "close": 328.950012, "volume": 5337, "typical_volume": 2973.25, "trend": 310.218333, "fair_value": 270.619551, "relative_strength": -2.025605, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.589741, "energy": 36.937678, "activity_lines": [ 323.793337, 323.665455, 322.902143, 318.264838 ] }, { "date": "2025-10-10", "close": 323.649994, "volume": 702, "typical_volume": 2912.0, "trend": 311.138333, "fair_value": 271.347435, "relative_strength": -0.760507, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.42905, "energy": 32.368513, "activity_lines": [ 324.236668, 323.677272, 323.170952, 319.131397 ] }, { "date": "2025-10-17", "close": 320.75, "volume": 2494, "typical_volume": 2921.45, "trend": 311.898333, "fair_value": 272.02532, "relative_strength": -0.930122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.636995, "energy": 23.032395, "activity_lines": [ 323.280001, 323.049999, 323.095, 319.751505 ] }, { "date": "2025-10-24", "close": 328.350006, "volume": 4028, "typical_volume": 3039.95, "trend": 313.113333, "fair_value": 272.701602, "relative_strength": -0.298014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.017228, "energy": 36.615228, "activity_lines": [ 324.930003, 323.917273, 323.715715, 320.812903 ] }, { "date": "2025-10-31", "close": 325.5, "volume": 1786, "typical_volume": 2950.45, "trend": 315.143333, "fair_value": 273.341666, "relative_strength": -2.688428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.352106, "energy": 29.457841, "activity_lines": [ 325.293335, 324.231819, 324.010476, 321.612043 ] }, { "date": "2025-11-07", "close": 316.0, "volume": 2589, "typical_volume": 2908.65, "trend": 316.811666, "fair_value": 273.840064, "relative_strength": -4.824799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.852625, "energy": 3.364144, "activity_lines": [ 322.146667, 322.915456, 323.337857, 321.667312 ] }, { "date": "2025-11-14", "close": 321.850006, "volume": 3613, "typical_volume": 2975.15, "trend": 318.249999, "fair_value": 274.389423, "relative_strength": -5.318066, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.897319, "energy": 8.932134, "activity_lines": [ 321.813336, 322.78182, 323.196191, 321.992366 ] }, { "date": "2025-11-21", "close": 313.649994, "volume": 12209, "typical_volume": 3179.5, "trend": 319.138332, "fair_value": 274.86891, "relative_strength": -4.715309, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.488915, "energy": 20.848526, "activity_lines": [ 318.866667, 321.071819, 322.255714, 321.695591 ] }, { "date": "2025-11-28", "close": 327.149994, "volume": 3572, "typical_volume": 3040.85, "trend": 320.118332, "fair_value": 275.424679, "relative_strength": -2.101588, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.462519, "energy": 17.804639, "activity_lines": [ 320.893331, 321.965454, 322.629047, 322.212473 ] }, { "date": "2025-12-05", "close": 327.5, "volume": 9549, "typical_volume": 3418.7, "trend": 320.974999, "fair_value": 276.001923, "relative_strength": -2.090144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.886794, "energy": 16.674256, "activity_lines": [ 323.116665, 322.852727, 323.03, 322.688709 ] }, { "date": "2025-12-12", "close": 327.049988, "volume": 1819, "typical_volume": 3405.55, "trend": 321.599999, "fair_value": 276.616666, "relative_strength": -2.341506, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.185555, "energy": 26.622589, "activity_lines": [ 325.056661, 323.528179, 323.381665, 323.080644 ] }, { "date": "2025-12-19", "close": 330.200012, "volume": 4114, "typical_volume": 3484.85, "trend": 322.298333, "fair_value": 277.230769, "relative_strength": -4.028478, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.196325, "energy": 40.438095, "activity_lines": [ 327.31, 324.810909, 324.032619, 323.635484 ] }, { "date": "2025-12-26", "close": 330.950012, "volume": 769, "typical_volume": 3308.8, "trend": 322.828334, "fair_value": 277.841346, "relative_strength": -3.382984, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 60.691674, "energy": 56.745762, "activity_lines": [ 329.256671, 326.110911, 324.694525, 324.193656 ] }, { "date": "2026-01-02", "close": 337.700012, "volume": 1935, "typical_volume": 3365.55, "trend": 323.521667, "fair_value": 278.433013, "relative_strength": -2.96963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.581303, "energy": 71.814331, "activity_lines": [ 332.300008, 328.452731, 325.98024, 325.15312 ] }, { "date": "2026-01-09", "close": 348.149994, "volume": 9543, "typical_volume": 3708.15, "trend": 324.715, "fair_value": 279.047756, "relative_strength": -0.714904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.677734, "energy": 85.138631, "activity_lines": [ 338.123338, 332.524548, 328.207621, 326.742044 ] }, { "date": "2026-01-16", "close": 348.75, "volume": 1777, "typical_volume": 3508.9, "trend": 325.99, "fair_value": 279.674038, "relative_strength": -0.732504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.535479, "energy": 90.144231, "activity_lines": [ 342.770003, 336.293638, 330.409525, 328.292689 ] }, { "date": "2026-01-23", "close": 349.200012, "volume": 1975, "typical_volume": 3566.2, "trend": 327.026667, "fair_value": 280.258974, "relative_strength": 1.500781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.354482, "energy": 89.992959, "activity_lines": [ 346.120005, 339.549095, 332.529526, 329.790109 ] }, { "date": "2026-01-30", "close": 348.149994, "volume": 10738, "typical_volume": 4027.4, "trend": 327.980001, "fair_value": 280.809935, "relative_strength": -0.337638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.939326, "energy": 87.912178, "activity_lines": [ 347.853335, 342.116366, 334.396907, 331.152904 ] }, { "date": "2026-02-06", "close": 350.600006, "volume": 15573, "typical_volume": 4752.35, "trend": 328.801667, "fair_value": 281.397435, "relative_strength": -0.421092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.27895, "energy": 87.680816, "activity_lines": [ 349.256669, 344.501822, 336.372383, 332.61226 ] }, { "date": "2026-02-13", "close": 351.799988, "volume": 2502, "typical_volume": 4831.2, "trend": 329.656667, "fair_value": 281.966666, "relative_strength": 0.851832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.897879, "energy": 81.279534, "activity_lines": [ 350.199998, 346.679092, 338.332144, 334.096022 ] }, { "date": "2026-02-20", "close": 356.399994, "volume": 10603, "typical_volume": 5094.5, "trend": 330.64, "fair_value": 282.585256, "relative_strength": -0.168125, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.186854, "energy": 84.809882, "activity_lines": [ 352.433329, 349.250908, 340.580238, 335.821398 ] }, { "date": "2026-02-27", "close": 358.700012, "volume": 1633, "typical_volume": 5141.05, "trend": 332.013334, "fair_value": 283.183333, "relative_strength": -1.123779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.069117, "energy": 89.635835, "activity_lines": [ 354.923334, 351.707274, 342.916668, 337.631721 ] }, { "date": "2026-03-06", "close": 340.149994, "volume": 4893, "typical_volume": 5261.0, "trend": 332.453334, "fair_value": 283.710897, "relative_strength": 0.253564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.001371, "energy": 54.692924, "activity_lines": [ 350.596665, 350.272727, 343.319524, 338.156667 ] }, { "date": "2026-03-13", "close": 330.75, "volume": 4837, "typical_volume": 5301.45, "trend": 332.596666, "fair_value": 284.264743, "relative_strength": -2.832336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.226645, "energy": 19.927144, "activity_lines": [ 343.669999, 346.961818, 342.734762, 338.046775 ] }, { "date": "2026-03-20", "close": 320.450012, "volume": 20776, "typical_volume": 6250.95, "trend": 332.251667, "fair_value": 284.759615, "relative_strength": -2.577551, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -7.64405, "energy": 26.766542, "activity_lines": [ 334.633337, 341.904547, 341.157621, 337.26312 ] }, { "date": "2026-03-27", "close": 323.950012, "volume": 7713, "typical_volume": 6507.15, "trend": 332.298335, "fair_value": 285.216025, "relative_strength": -2.71859, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.700631, "energy": 42.022647, "activity_lines": [ 328.853341, 337.987276, 339.93786, 336.727529 ] }, { "date": "2026-04-03", "close": 336.25, "volume": 5307, "typical_volume": 6591.85, "trend": 332.935002, "fair_value": 285.767948, "relative_strength": -3.931483, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.315993, "energy": 35.898301, "activity_lines": [ 329.336672, 336.757276, 339.851669, 336.982475 ] }, { "date": "2026-04-10", "close": 350.5, "volume": 3629, "typical_volume": 6162.85, "trend": 333.890001, "fair_value": 286.378205, "relative_strength": -3.924045, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 23.947172, "energy": 23.400111, "activity_lines": [ 336.066671, 338.353639, 341.05405, 338.115701 ] }, { "date": "2026-04-17", "close": 362.649994, "volume": 2697, "typical_volume": 6119.1, "trend": 335.201668, "fair_value": 287.072756, "relative_strength": -3.077533, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.031498, "energy": 34.566579, "activity_lines": [ 346.156667, 342.116365, 343.238097, 339.971184 ] }, { "date": "2026-04-24", "close": 354.399994, "volume": 3474, "typical_volume": 5815.35, "trend": 336.336668, "fair_value": 287.711538, "relative_strength": -2.81107, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.014077, "energy": 43.432879, "activity_lines": [ 351.369997, 344.16, 344.467382, 341.209786 ] }, { "date": "2026-05-01", "close": 357.799988, "volume": 4107, "typical_volume": 5929.75, "trend": 337.298334, "fair_value": 288.379807, "relative_strength": -2.992702, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.302744, "energy": 55.369624, "activity_lines": [ 355.453327, 346.774543, 345.89238, 342.594516 ] }, { "date": "2026-05-08", "close": 363.25, "volume": 1647, "typical_volume": 5806.4, "trend": 338.618334, "fair_value": 289.082051, "relative_strength": -3.52922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.337878, "energy": 73.881672, "activity_lines": [ 359.096661, 350.354543, 347.689999, 344.268817 ] }, { "date": "2026-05-15", "close": 361.899994, "volume": 2059, "typical_volume": 5870.9, "trend": 339.99, "fair_value": 289.754807, "relative_strength": -3.495061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.863396, "energy": 69.070312, "activity_lines": [ 360.489994, 353.60636, 349.201665, 345.77086 ] }, { "date": "2026-05-22", "close": 369.049988, "volume": 6384, "typical_volume": 6093.35, "trend": 341.346666, "fair_value": 290.500961, "relative_strength": -2.279988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.087279, "energy": 68.657558, "activity_lines": [ 363.506659, 357.762722, 351.246902, 347.645698 ] }, { "date": "2026-05-29", "close": 376.600006, "volume": 614, "typical_volume": 5646.9, "trend": 343.05, "fair_value": 291.280769, "relative_strength": -1.246265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.416936, "energy": 73.553772, "activity_lines": [ 368.61333, 362.595451, 353.861903, 349.920107 ] }, { "date": "2026-06-05", "close": 367.700012, "volume": 1067, "typical_volume": 5611.4, "trend": 344.773334, "fair_value": 292.001923, "relative_strength": -3.195457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.310762, "energy": 65.556702, "activity_lines": [ 369.273336, 364.78909, 355.493809, 351.51043 ] }, { "date": "2026-06-12", "close": 370.350006, "volume": 554, "typical_volume": 5540.35, "trend": 346.39, "fair_value": 292.714743, "relative_strength": -5.360666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.045166, "energy": 67.786092, "activity_lines": [ 370.156671, 366.669091, 357.287857, 353.160538 ] }, { "date": "2026-06-19", "close": 372.200012, "volume": 63, "typical_volume": 5006.6, "trend": 348.341668, "fair_value": 293.5, "relative_strength": -7.116141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.042674, "energy": 69.477537, "activity_lines": [ 371.183341, 368.265457, 359.157382, 354.8257 ] }, { "date": "2026-06-26", "close": 361.350006, "volume": 76, "typical_volume": 4231.75, "trend": 349.481668, "fair_value": 294.183012, "relative_strength": -6.811687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.009929, "energy": 43.29917, "activity_lines": [ 367.906675, 367.494549, 359.879049, 355.664948 ] }, { "date": "2026-07-03", "close": 371.25, "volume": 145, "typical_volume": 4113.9, "trend": 350.940001, "fair_value": 294.948397, "relative_strength": -6.829949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.419123, "energy": 41.488246, "activity_lines": [ 368.443339, 368.547277, 361.492383, 357.069356 ] }, { "date": "2026-07-10", "close": 361.600006, "volume": 860, "typical_volume": 3626.75, "trend": 352.091669, "fair_value": 295.600961, "relative_strength": -8.604557, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.04603, "energy": 30.081435, "activity_lines": [ 366.120005, 367.539096, 362.09405, 357.757098 ] }, { "date": "2026-07-17", "close": 362.450012, "volume": 1123, "typical_volume": 3601.25, "trend": 353.166669, "fair_value": 296.257372, "relative_strength": -6.83401, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.649376, "energy": 23.749072, "activity_lines": [ 364.486674, 366.61637, 362.751908, 358.425379 ] }, { "date": "2026-07-24", "close": 365.649994, "volume": 2527, "typical_volume": 3482.95, "trend": 354.323335, "fair_value": 296.919551, "relative_strength": -5.631997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.748313, "energy": 23.94498, "activity_lines": [ 364.446669, 366.290005, 363.696669, 359.230754 ] }, { "date": "2026-07-31", "close": 367.899994, "volume": 1862, "typical_volume": 3334.2, "trend": 355.330001, "fair_value": 297.621474, "relative_strength": -5.508502, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.15467, "energy": 22.662328, "activity_lines": [ 365.593333, 366.304548, 364.734287, 360.106668 ] }, { "date": "2026-08-07", "close": 374.5, "volume": 1989, "typical_volume": 2394.85, "trend": 356.208334, "fair_value": 298.38141, "relative_strength": -6.364979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.729895, "energy": 41.979358, "activity_lines": [ 368.503333, 367.540002, 366.223573, 361.343442 ] } ], "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." } } }