{ "ticker": { "uuid": "04f4e9ab-376a-4aad-8728-fcfb2aabfb38", "symbol": "IDXX", "name": "IDEXX Laboratories Inc", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "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": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -5.964, "architecture_energy": 4.47, "architecture_maturity": 16.869, "architecture_confidence": 71.229, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 70.57, "rotation_up": 24.39, "upward_expansion": 24.39, "deceleration": 47.47, "rotation_down": 22.87, "downward_expansion": 46.39 }, "activity_lines": [ 566.736, 563.119636, 561.548238, 568.576774 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 586.67, "trend_reference": 588.211, "distance_from_trend": -0.00262, "trend_direction": "Weakening", "fair_value": 529.449615, "distance_from_fair_value": 0.108075, "fair_value_direction": "Improving", "relative_strength": -18.142857, "relative_strength_direction": "Improving", "price_momentum": -0.089884, "excess_performance": -0.277337, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00262, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.076034, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.108075, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040294, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.181429, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.063324, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.089884, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.707785, "read": "Demand-led" } ], "volume": { "latest": 4935367, "relative_activity": 1.63991, "balance": 1.707785, "dry_up": 1.089333, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.06177, "annualized_volatility": 0.237399, "from_high_reference": -0.238071, "from_low_reference": 0.131366 }, "levels": { "trend_reference": 588.211, "fair_value_reference": 529.449615, "structural_low": 518.55, "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": 12, "median_return": -0.057095, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.01509, "regime_survival": 0.333333, "best_return": 0.100651, "worst_return": -0.257282, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.085933, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.019787, "regime_survival": 0.0, "best_return": 0.165501, "worst_return": -0.186447, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.024998, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.077619, "regime_survival": 0.0, "best_return": 0.464108, "worst_return": -0.455639, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.033021, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.125738, "regime_survival": 0.333333, "best_return": 0.055476, "worst_return": -0.380433, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-09-13", "tenure": "Developing", "return": 0.027401, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-10-25", "tenure": "Developing", "return": -0.109188, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-01", "end": "2025-02-07", "tenure": "Established", "return": 0.10185, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.114278, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.118944, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-09", "tenure": "New", "return": 0.041958, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-10-03", "tenure": "Established", "return": 0.218278, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-07", "tenure": "Developing", "return": 0.149801, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2025-12-26", "tenure": "Developing", "return": -0.002102, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-02-13", "tenure": "Developing", "return": -0.060658, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.091873, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-07-03", "tenure": "Established", "return": -0.000931, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.034157, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.049368, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 483.73, "volume": 1583240, "typical_volume": 2074818.6, "trend": 490.858, "fair_value": 493.584455, "relative_strength": -6.444085, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.693722, "energy": 14.057107, "activity_lines": [ 507.539333, 513.788364, 502.473857, 496.924946 ] }, { "date": "2023-08-25", "close": 492.68, "volume": 1921625, "typical_volume": 2070650.35, "trend": 491.047333, "fair_value": 494.28125, "relative_strength": -6.512907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.079684, "energy": 22.350903, "activity_lines": [ 498.386, 510.482182, 502.223571, 497.042495 ] }, { "date": "2023-09-01", "close": 511.29, "volume": 2021047, "typical_volume": 2076435.15, "trend": 492.01, "fair_value": 495.182724, "relative_strength": -6.692534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.902806, "energy": 21.475593, "activity_lines": [ 499.564, 510.384182, 503.649667, 498.348473 ] }, { "date": "2023-09-08", "close": 465.79, "volume": 1902457, "typical_volume": 2092803.7, "trend": 491.345333, "fair_value": 495.829968, "relative_strength": -13.879422, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.332278, "energy": 21.993016, "activity_lines": [ 488.341333, 501.586, 500.605286, 496.65686 ] }, { "date": "2023-09-15", "close": 450.69, "volume": 2301255, "typical_volume": 2121613.4, "trend": 489.819667, "fair_value": 496.444904, "relative_strength": -16.298964, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.455257, "energy": 38.840538, "activity_lines": [ 474.638, 490.704909, 496.265, 494.033935 ] }, { "date": "2023-09-22", "close": 435.69, "volume": 2176026, "typical_volume": 2108197.35, "trend": 488.737, "fair_value": 496.815801, "relative_strength": -16.285625, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.219842, "energy": 56.685845, "activity_lines": [ 459.589333, 477.956909, 490.693619, 490.541699 ] }, { "date": "2023-09-29", "close": 437.27, "volume": 1935819, "typical_volume": 2136151.65, "trend": 487.046, "fair_value": 497.158237, "relative_strength": -16.058866, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.012588, "energy": 67.654668, "activity_lines": [ 448.27, 467.336182, 485.524143, 487.221247 ] }, { "date": "2023-10-06", "close": 445.98, "volume": 2007202, "typical_volume": 2137568.75, "trend": 486.75, "fair_value": 497.448814, "relative_strength": -15.869658, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.059669, "energy": 73.610842, "activity_lines": [ 443.548, 460.432364, 481.423238, 484.571828 ] }, { "date": "2023-10-13", "close": 426.18, "volume": 3228354, "typical_volume": 2194789.65, "trend": 485.244, "fair_value": 497.464391, "relative_strength": -19.640088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.266736, "energy": 77.609983, "activity_lines": [ 436.58, 451.870364, 475.63719, 480.664086 ] }, { "date": "2023-10-20", "close": 427.0, "volume": 2055618, "typical_volume": 2207723.5, "trend": 483.293667, "fair_value": 497.44734, "relative_strength": -17.027384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.238416, "energy": 73.443113, "activity_lines": [ 432.526, 444.873818, 470.132857, 476.906409 ] }, { "date": "2023-10-27", "close": 391.37, "volume": 2579176, "typical_volume": 2232216.75, "trend": 479.67, "fair_value": 497.232917, "relative_strength": -21.72771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.611116, "energy": 78.917222, "activity_lines": [ 418.174667, 432.826545, 461.443905, 470.975849 ] }, { "date": "2023-11-03", "close": 429.3, "volume": 4432739, "typical_volume": 2342425.4, "trend": 478.229333, "fair_value": 496.920096, "relative_strength": -19.107046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.02462, "energy": 62.268628, "activity_lines": [ 419.421333, 429.354909, 456.650667, 467.726172 ] }, { "date": "2023-11-10", "close": 428.73, "volume": 2266188, "typical_volume": 2360145.7, "trend": 476.437333, "fair_value": 496.760417, "relative_strength": -21.063577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.449888, "energy": 50.164106, "activity_lines": [ 421.009333, 426.932, 452.059, 464.532667 ] }, { "date": "2023-11-17", "close": 463.69, "volume": 2584696, "typical_volume": 2385960.1, "trend": 475.372, "fair_value": 496.756571, "relative_strength": -16.023968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.061094, "energy": 34.489926, "activity_lines": [ 435.400667, 432.366545, 451.078048, 463.710258 ] }, { "date": "2023-11-24", "close": 478.18, "volume": 1201017, "typical_volume": 2376255.1, "trend": 474.906, "fair_value": 496.910096, "relative_strength": -13.92147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.0282, "energy": 19.961997, "activity_lines": [ 452.121333, 440.473818, 451.660619, 463.891419 ] }, { "date": "2023-12-01", "close": 482.6, "volume": 2481720, "typical_volume": 2353870.7, "trend": 474.709667, "fair_value": 497.073237, "relative_strength": -12.915759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.017601, "energy": 21.182429, "activity_lines": [ 466.903333, 448.884909, 452.758571, 464.387806 ] }, { "date": "2023-12-08", "close": 531.35, "volume": 3369864, "typical_volume": 2339597.5, "trend": 476.172333, "fair_value": 497.554776, "relative_strength": -4.474558, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 44.965631, "energy": 45.759524, "activity_lines": [ 491.853333, 465.306727, 458.757905, 468.042022 ] }, { "date": "2023-12-15", "close": 541.07, "volume": 3888175, "typical_volume": 2439444.55, "trend": 477.938, "fair_value": 497.910865, "relative_strength": -5.680563, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.879467, "energy": 67.446481, "activity_lines": [ 513.24, 481.785273, 465.793667, 472.228968 ] }, { "date": "2023-12-22", "close": 554.04, "volume": 2035673, "typical_volume": 2400875.45, "trend": 480.774667, "fair_value": 498.275609, "relative_strength": -4.082966, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.818264, "energy": 75.792549, "activity_lines": [ 531.460667, 498.893091, 474.120429, 477.138774 ] }, { "date": "2023-12-29", "close": 555.05, "volume": 771148, "typical_volume": 2337151.95, "trend": 483.582, "fair_value": 498.629327, "relative_strength": -3.981488, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.320892, "energy": 79.039196, "activity_lines": [ 543.994667, 513.859818, 482.305476, 481.930731 ] }, { "date": "2024-01-05", "close": 537.36, "volume": 1565039, "typical_volume": 2336241.9, "trend": 486.465, "fair_value": 498.784199, "relative_strength": -3.625732, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.151496, "energy": 73.332073, "activity_lines": [ 545.507333, 523.282, 488.569857, 485.40028 ] }, { "date": "2024-01-12", "close": 535.29, "volume": 2365125, "typical_volume": 2358416.9, "trend": 488.207, "fair_value": 499.077981, "relative_strength": -6.475171, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.82245, "energy": 70.6012, "activity_lines": [ 542.679333, 529.673455, 494.381714, 488.55028 ] }, { "date": "2024-01-19", "close": 523.82, "volume": 2709873, "typical_volume": 2392858.2, "trend": 489.408333, "fair_value": 499.276442, "relative_strength": -10.390466, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.459234, "energy": 49.508087, "activity_lines": [ 535.765333, 532.052364, 498.898286, 490.847892 ] }, { "date": "2024-01-26", "close": 524.98, "volume": 1810978, "typical_volume": 2388284.25, "trend": 490.166667, "fair_value": 499.573237, "relative_strength": -10.231343, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.687124, "energy": 37.49814, "activity_lines": [ 530.388, 532.913273, 503.465667, 493.142839 ] }, { "date": "2024-02-02", "close": 527.14, "volume": 2285341, "typical_volume": 2387488.55, "trend": 491.137667, "fair_value": 499.730288, "relative_strength": -10.508419, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.619072, "energy": 33.804479, "activity_lines": [ 527.668, 533.052545, 507.956905, 495.528215 ] }, { "date": "2024-02-09", "close": 572.21, "volume": 2987095, "typical_volume": 2428042.0, "trend": 492.315, "fair_value": 499.910609, "relative_strength": -4.211143, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.640571, "energy": 49.649887, "activity_lines": [ 541.832, 540.496182, 516.376476, 500.758688 ] }, { "date": "2024-02-16", "close": 555.54, "volume": 1714266, "typical_volume": 2416964.35, "trend": 492.346333, "fair_value": 499.98375, "relative_strength": -5.108637, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 64.612095, "energy": 55.546049, "activity_lines": [ 548.116, 543.279636, 522.558333, 504.83772 ] }, { "date": "2024-02-23", "close": 576.29, "volume": 1540620, "typical_volume": 2393635.25, "trend": 493.13, "fair_value": 500.343494, "relative_strength": -2.556196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.72236, "energy": 73.974479, "activity_lines": [ 559.966667, 549.396, 530.15319, 510.253441 ] }, { "date": "2024-03-01", "close": 576.87, "volume": 1839074, "typical_volume": 2324171.25, "trend": 495.556333, "fair_value": 500.838173, "relative_strength": -3.920079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.280972, "energy": 77.126518, "activity_lines": [ 568.512667, 554.977455, 537.182762, 515.656022 ] }, { "date": "2024-03-08", "close": 561.41, "volume": 1787265, "typical_volume": 2310753.6, "trend": 497.419667, "fair_value": 501.24625, "relative_strength": -4.671737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.352032, "energy": 72.041082, "activity_lines": [ 568.446, 557.332909, 542.022381, 519.904645 ] }, { "date": "2024-03-15", "close": 529.77, "volume": 2339454, "typical_volume": 2298767.5, "trend": 498.954333, "fair_value": 501.534006, "relative_strength": -8.549917, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.259584, "energy": 46.139244, "activity_lines": [ 555.548, 553.82, 543.208619, 521.991763 ] }, { "date": "2024-03-22", "close": 530.72, "volume": 1816856, "typical_volume": 2167973.35, "trend": 500.222333, "fair_value": 501.857724, "relative_strength": -10.566831, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.587594, "energy": 27.80249, "activity_lines": [ 545.796, 550.617818, 543.826286, 524.041161 ] }, { "date": "2024-03-29", "close": 539.93, "volume": 1361046, "typical_volume": 2122716.25, "trend": 501.177, "fair_value": 502.201122, "relative_strength": -8.060263, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.564251, "energy": 23.512432, "activity_lines": [ 540.768667, 549.173273, 544.838143, 526.602946 ] }, { "date": "2024-04-05", "close": 519.54, "volume": 1735686, "typical_volume": 2080265.75, "trend": 502.968667, "fair_value": 502.307917, "relative_strength": -10.40957, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.624131, "energy": 21.845569, "activity_lines": [ 531.368667, 543.728545, 543.378571, 527.787656 ] }, { "date": "2024-04-12", "close": 497.79, "volume": 2121559, "typical_volume": 2126292.85, "trend": 504.538667, "fair_value": 502.069391, "relative_strength": -13.236498, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.833526, "energy": 25.415479, "activity_lines": [ 518.540667, 534.428182, 539.581619, 527.453548 ] }, { "date": "2024-04-19", "close": 476.35, "volume": 2553706, "typical_volume": 2129892.15, "trend": 505.894, "fair_value": 501.538942, "relative_strength": -11.689825, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.066769, "energy": 48.017791, "activity_lines": [ 502.807333, 521.763273, 533.649381, 525.634925 ] }, { "date": "2024-04-26", "close": 499.3, "volume": 2359636, "typical_volume": 2079380.75, "trend": 507.961667, "fair_value": 501.220417, "relative_strength": -10.44684, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.822218, "energy": 49.070737, "activity_lines": [ 498.285333, 515.014, 529.932619, 525.209505 ] }, { "date": "2024-05-03", "close": 480.6, "volume": 3253360, "typical_volume": 2047640.0, "trend": 509.115667, "fair_value": 500.81234, "relative_strength": -14.15243, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.57286, "energy": 59.008823, "activity_lines": [ 489.624667, 505.887273, 524.587524, 523.444237 ] }, { "date": "2024-05-10", "close": 509.82, "volume": 2343984, "typical_volume": 2063055.55, "trend": 511.903667, "fair_value": 500.682532, "relative_strength": -9.807533, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.549091, "energy": 46.671783, "activity_lines": [ 494.659333, 503.813091, 522.313238, 523.489677 ] }, { "date": "2024-05-17", "close": 543.45, "volume": 2805977, "typical_volume": 2164797.0, "trend": 515.785333, "fair_value": 500.708878, "relative_strength": -5.557061, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.475881, "energy": 8.991582, "activity_lines": [ 511.552, 509.072545, 523.452381, 525.524925 ] }, { "date": "2024-05-24", "close": 516.5, "volume": 2269389, "typical_volume": 2200014.5, "trend": 519.956333, "fair_value": 500.442147, "relative_strength": -11.149153, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.749219, "energy": 8.38728, "activity_lines": [ 516.417333, 509.758545, 522.080095, 525.571032 ] }, { "date": "2024-05-31", "close": 496.95, "volume": 2415016, "typical_volume": 2202509.05, "trend": 522.211333, "fair_value": 500.048494, "relative_strength": -12.830185, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.710489, "energy": 14.431121, "activity_lines": [ 512.089333, 507.131273, 518.945238, 524.086753 ] }, { "date": "2024-06-07", "close": 497.51, "volume": 2545323, "typical_volume": 2194281.55, "trend": 524.504, "fair_value": 499.491058, "relative_strength": -14.774555, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.935254, "energy": 21.735064, "activity_lines": [ 508.104667, 505.219818, 516.046286, 522.493118 ] }, { "date": "2024-06-14", "close": 504.0, "volume": 2177772, "typical_volume": 2212621.25, "trend": 525.847667, "fair_value": 498.868942, "relative_strength": -16.242348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.433147, "energy": 28.158514, "activity_lines": [ 505.156, 505.259636, 513.890714, 521.17028 ] }, { "date": "2024-06-21", "close": 495.73, "volume": 3104638, "typical_volume": 2253586.1, "trend": 526.432667, "fair_value": 498.068237, "relative_strength": -17.381452, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.367511, "energy": 40.463324, "activity_lines": [ 499.838667, 504.078364, 511.047429, 519.227204 ] }, { "date": "2024-06-28", "close": 487.2, "volume": 3030992, "typical_volume": 2255780.95, "trend": 526.586, "fair_value": 497.036186, "relative_strength": -18.310441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.787819, "energy": 46.59218, "activity_lines": [ 494.859333, 501.383636, 507.541333, 516.696065 ] }, { "date": "2024-07-05", "close": 486.0, "volume": 1529096, "typical_volume": 2246522.45, "trend": 525.074333, "fair_value": 495.875737, "relative_strength": -20.835368, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.965657, "energy": 48.592136, "activity_lines": [ 491.433333, 498.273455, 504.325762, 514.077613 ] }, { "date": "2024-07-12", "close": 492.74, "volume": 1606823, "typical_volume": 2249832.6, "trend": 523.463333, "fair_value": 494.753814, "relative_strength": -18.97826, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.514502, "energy": 45.162363, "activity_lines": [ 490.984, 496.630545, 502.083238, 511.991527 ] }, { "date": "2024-07-19", "close": 468.2, "volume": 3339911, "typical_volume": 2324874.45, "trend": 520.602, "fair_value": 493.308045, "relative_strength": -19.20762, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.743962, "energy": 52.866626, "activity_lines": [ 482.672667, 490.305091, 497.901429, 508.426151 ] }, { "date": "2024-07-26", "close": 469.71, "volume": 2826554, "typical_volume": 2376838.9, "trend": 517.757333, "fair_value": 491.969455, "relative_strength": -16.221716, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.878051, "energy": 52.793665, "activity_lines": [ 477.251333, 485.010909, 494.380905, 505.142796 ] }, { "date": "2024-08-02", "close": 468.63, "volume": 3212580, "typical_volume": 2420495.2, "trend": 515.466333, "fair_value": 490.581186, "relative_strength": -13.325297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.654838, "energy": 55.029571, "activity_lines": [ 473.204667, 480.861091, 491.19419, 501.97329 ] }, { "date": "2024-08-09", "close": 482.84, "volume": 3784832, "typical_volume": 2518894.0, "trend": 513.718, "fair_value": 489.367981, "relative_strength": -10.572634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.995107, "energy": 46.61131, "activity_lines": [ 475.132667, 480.165273, 489.651952, 499.868366 ] }, { "date": "2024-08-16", "close": 492.26, "volume": 2606843, "typical_volume": 2581183.85, "trend": 512.666, "fair_value": 488.150801, "relative_strength": -13.101898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.598648, "energy": 32.043809, "activity_lines": [ 480.411333, 481.438727, 489.234857, 498.483978 ] }, { "date": "2024-08-23", "close": 488.13, "volume": 1512441, "typical_volume": 2570021.6, "trend": 511.437667, "fair_value": 486.996058, "relative_strength": -14.244902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.675234, "energy": 21.5412, "activity_lines": [ 484.345333, 482.056727, 488.651429, 496.901011 ] }, { "date": "2024-08-30", "close": 481.33, "volume": 1636569, "typical_volume": 2545772.1, "trend": 509.910667, "fair_value": 485.669135, "relative_strength": -14.286885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.671639, "energy": 18.034053, "activity_lines": [ 484.684, 481.726909, 487.569952, 494.958581 ] }, { "date": "2024-09-06", "close": 472.35, "volume": 1423051, "typical_volume": 2489239.35, "trend": 506.582, "fair_value": 484.327724, "relative_strength": -10.414604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.001915, "energy": 21.838702, "activity_lines": [ 481.254667, 480.026182, 485.711619, 492.535312 ] }, { "date": "2024-09-13", "close": 500.55, "volume": 1900916, "typical_volume": 2466303.35, "trend": 504.749, "fair_value": 483.294647, "relative_strength": -10.137562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.241702, "energy": 11.166157, "activity_lines": [ 486.977333, 483.722727, 486.558048, 492.146151 ] }, { "date": "2024-09-20", "close": 506.74, "volume": 2085226, "typical_volume": 2407896.65, "trend": 502.430667, "fair_value": 482.186314, "relative_strength": -10.109089, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.416261, "energy": 6.386199, "activity_lines": [ 493.582667, 488.280182, 487.988048, 492.274602 ] }, { "date": "2024-09-27", "close": 511.78, "volume": 1635739, "typical_volume": 2372484.4, "trend": 500.261, "fair_value": 481.467083, "relative_strength": -9.882021, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.354462, "energy": 17.74997, "activity_lines": [ 500.902667, 493.499455, 489.773571, 492.877785 ] }, { "date": "2024-10-04", "close": 477.67, "volume": 1985790, "typical_volume": 2331475.05, "trend": 497.469667, "fair_value": 480.573814, "relative_strength": -15.637661, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.129449, "energy": 16.641675, "activity_lines": [ 495.276, 491.724545, 488.30119, 491.420301 ] }, { "date": "2024-10-11", "close": 476.27, "volume": 2014518, "typical_volume": 2318731.5, "trend": 495.686333, "fair_value": 479.555353, "relative_strength": -16.625811, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.635623, "energy": 14.913423, "activity_lines": [ 489.426667, 489.550364, 487.008714, 490.052581 ] }, { "date": "2024-10-18", "close": 457.74, "volume": 3410299, "typical_volume": 2368495.65, "trend": 493.253667, "fair_value": 478.311058, "relative_strength": -19.666962, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.73654, "energy": 40.308981, "activity_lines": [ 477.139333, 483.868182, 484.143048, 487.60443 ] }, { "date": "2024-10-25", "close": 451.41, "volume": 3328397, "typical_volume": 2407649.35, "trend": 490.303, "fair_value": 476.934583, "relative_strength": -20.609366, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.490421, "energy": 59.050062, "activity_lines": [ 465.596, 477.491455, 480.861238, 484.904839 ] }, { "date": "2024-11-01", "close": 417.28, "volume": 5282107, "typical_volume": 2562866.1, "trend": 486.894333, "fair_value": 475.523558, "relative_strength": -25.022772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.598357, "energy": 79.370147, "activity_lines": [ 446.364667, 465.652, 474.548476, 480.193677 ] }, { "date": "2024-11-08", "close": 433.28, "volume": 4153479, "typical_volume": 2615308.15, "trend": 484.744, "fair_value": 474.274199, "relative_strength": -25.819959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.394017, "energy": 79.49726, "activity_lines": [ 438.766667, 458.009818, 470.172476, 476.734688 ] }, { "date": "2024-11-15", "close": 420.91, "volume": 3200713, "typical_volume": 2623794.2, "trend": 482.896, "fair_value": 472.823173, "relative_strength": -24.928329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.110807, "energy": 82.109367, "activity_lines": [ 430.004667, 448.992182, 464.915762, 472.616366 ] }, { "date": "2024-11-22", "close": 417.24, "volume": 2877471, "typical_volume": 2691212.95, "trend": 480.160667, "fair_value": 471.603429, "relative_strength": -26.424243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.841635, "energy": 80.833355, "activity_lines": [ 423.71, 440.242545, 459.62519, 468.380495 ] }, { "date": "2024-11-29", "close": 421.75, "volume": 2553516, "typical_volume": 2738547.6, "trend": 478.199, "fair_value": 470.547083, "relative_strength": -25.671441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.685393, "energy": 68.667501, "activity_lines": [ 421.618667, 433.827636, 455.091571, 464.612065 ] }, { "date": "2024-12-06", "close": 435.69, "volume": 3818525, "typical_volume": 2762478.3, "trend": 475.728, "fair_value": 469.443173, "relative_strength": -24.960479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.568542, "energy": 49.857531, "activity_lines": [ 426.151333, 431.492545, 452.223619, 461.869548 ] }, { "date": "2024-12-13", "close": 432.1, "volume": 2815359, "typical_volume": 2761918.55, "trend": 472.016333, "fair_value": 468.258686, "relative_strength": -25.458616, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.128224, "energy": 43.851504, "activity_lines": [ 428.26, 429.888182, 449.168571, 459.054839 ] }, { "date": "2024-12-20", "close": 412.26, "volume": 3520102, "typical_volume": 2777294.65, "trend": 468.541667, "fair_value": 466.766635, "relative_strength": -26.518474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.402892, "energy": 45.401625, "activity_lines": [ 423.834, 425.505091, 444.403095, 455.199591 ] }, { "date": "2024-12-27", "close": 414.93, "volume": 1281236, "typical_volume": 2652114.85, "trend": 465.807667, "fair_value": 465.205545, "relative_strength": -25.963296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.586608, "energy": 43.500053, "activity_lines": [ 420.874667, 422.771273, 440.160333, 451.740774 ] }, { "date": "2025-01-03", "close": 415.53, "volume": 1491610, "typical_volume": 2596353.2, "trend": 463.075, "fair_value": 464.341635, "relative_strength": -24.527798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.103833, "energy": 46.113022, "activity_lines": [ 418.269333, 420.924909, 436.298095, 448.497054 ] }, { "date": "2025-01-10", "close": 418.05, "volume": 2581758, "typical_volume": 2649819.05, "trend": 460.21, "fair_value": 463.628173, "relative_strength": -21.66901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.059396, "energy": 45.528117, "activity_lines": [ 416.918667, 420.189091, 433.041238, 445.592215 ] }, { "date": "2025-01-17", "close": 419.26, "volume": 2786869, "typical_volume": 2707334.05, "trend": 457.661, "fair_value": 463.098045, "relative_strength": -23.003375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.449389, "energy": 41.435536, "activity_lines": [ 417.147333, 419.659273, 430.233333, 442.95028 ] }, { "date": "2025-01-24", "close": 435.33, "volume": 2335675, "typical_volume": 2752965.25, "trend": 455.932, "fair_value": 462.753686, "relative_strength": -20.622823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.273258, "energy": 28.099984, "activity_lines": [ 423.588667, 422.306182, 429.251476, 441.50957 ] }, { "date": "2025-01-31", "close": 422.05, "volume": 5517603, "typical_volume": 2933799.6, "trend": 453.800333, "fair_value": 462.084519, "relative_strength": -21.337601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.610977, "energy": 24.971987, "activity_lines": [ 424.065333, 422.276364, 427.181143, 439.323634 ] }, { "date": "2025-02-07", "close": 459.78, "volume": 4353754, "typical_volume": 3047226.0, "trend": 452.701667, "fair_value": 461.730224, "relative_strength": -13.701444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.042739, "energy": 12.902649, "activity_lines": [ 436.644, 429.019091, 429.077952, 439.709419 ] }, { "date": "2025-02-14", "close": 444.53, "volume": 3135694, "typical_volume": 3122223.75, "trend": 451.912667, "fair_value": 461.442276, "relative_strength": -18.196532, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.554181, "energy": 16.737096, "activity_lines": [ 441.189333, 432.297636, 429.746, 439.182215 ] }, { "date": "2025-02-21", "close": 452.77, "volume": 2599734, "typical_volume": 3152920.95, "trend": 451.348, "fair_value": 460.995609, "relative_strength": -14.00442, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.616056, "energy": 18.18237, "activity_lines": [ 446.716, 436.913636, 431.519048, 439.237527 ] }, { "date": "2025-02-28", "close": 437.11, "volume": 4017732, "typical_volume": 3253081.65, "trend": 450.297333, "fair_value": 460.363558, "relative_strength": -13.31641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.230316, "energy": 17.988972, "activity_lines": [ 444.788667, 438.306545, 431.919238, 438.318946 ] }, { "date": "2025-03-07", "close": 430.12, "volume": 3963387, "typical_volume": 3280736.05, "trend": 448.54, "fair_value": 459.927917, "relative_strength": -11.15262, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.162484, "energy": 11.359575, "activity_lines": [ 440.412667, 437.976727, 431.84019, 437.017183 ] }, { "date": "2025-03-14", "close": 415.3, "volume": 4083924, "typical_volume": 3318512.4, "trend": 445.974667, "fair_value": 459.112788, "relative_strength": -11.41749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.086326, "energy": 18.77473, "activity_lines": [ 430.558667, 434.676182, 430.481238, 434.872667 ] }, { "date": "2025-03-21", "close": 420.99, "volume": 2739821, "typical_volume": 3191398.1, "trend": 443.736667, "fair_value": 458.356763, "relative_strength": -9.858619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.032809, "energy": 25.793032, "activity_lines": [ 425.566667, 432.414364, 429.836143, 433.260753 ] }, { "date": "2025-03-28", "close": 415.87, "volume": 3724627, "typical_volume": 3169955.5, "trend": 441.554667, "fair_value": 457.474904, "relative_strength": -8.217477, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.524053, "energy": 31.124401, "activity_lines": [ 420.437333, 429.168182, 428.685762, 431.462903 ] }, { "date": "2025-04-04", "close": 393.73, "volume": 4561271, "typical_volume": 3237983.4, "trend": 438.934, "fair_value": 456.491635, "relative_strength": -3.099097, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.069466, "energy": 57.155798, "activity_lines": [ 410.388, 421.958182, 425.509714, 428.377441 ] }, { "date": "2025-04-11", "close": 390.94, "volume": 8101619, "typical_volume": 3499190.8, "trend": 435.280333, "fair_value": 455.813173, "relative_strength": -9.995831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.716827, "energy": 63.655195, "activity_lines": [ 402.300667, 414.997273, 422.197381, 425.281054 ] }, { "date": "2025-04-18", "close": 411.49, "volume": 3744936, "typical_volume": 3558761.8, "trend": 432.105333, "fair_value": 455.414776, "relative_strength": -2.618459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.318863, "energy": 53.942441, "activity_lines": [ 403.675333, 412.338364, 420.967429, 423.746194 ] }, { "date": "2025-04-25", "close": 437.44, "volume": 4600569, "typical_volume": 3597864.0, "trend": 429.627333, "fair_value": 455.459391, "relative_strength": -2.238039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.601648, "energy": 24.633059, "activity_lines": [ 413.954, 415.275636, 422.257762, 424.090366 ] }, { "date": "2025-05-02", "close": 471.9, "volume": 5456762, "typical_volume": 3729934.15, "trend": 429.435, "fair_value": 456.134135, "relative_strength": 2.25414, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.130935, "energy": 17.655776, "activity_lines": [ 434.622667, 424.607273, 426.821667, 426.817634 ] }, { "date": "2025-05-09", "close": 491.7, "volume": 4300469, "typical_volume": 3768952.5, "trend": 429.949333, "fair_value": 456.964391, "relative_strength": 7.065203, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.520735, "energy": 56.590608, "activity_lines": [ 458.156, 437.191091, 433.081762, 430.834731 ] }, { "date": "2025-05-16", "close": 518.1, "volume": 2798163, "typical_volume": 3844798.85, "trend": 431.961333, "fair_value": 457.899455, "relative_strength": 6.027977, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.154115, "energy": 84.66819, "activity_lines": [ 483.958, 453.582364, 441.477857, 436.521871 ] }, { "date": "2025-05-23", "close": 501.57, "volume": 2697741, "typical_volume": 3905105.4, "trend": 433.633333, "fair_value": 458.559455, "relative_strength": 5.442473, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.937502, "energy": 83.412312, "activity_lines": [ 495.772667, 465.368545, 447.808381, 441.012753 ] }, { "date": "2025-05-30", "close": 513.36, "volume": 2700032, "typical_volume": 3911019.1, "trend": 436.836, "fair_value": 459.461571, "relative_strength": 6.132096, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.884706, "energy": 87.410605, "activity_lines": [ 505.512, 477.729818, 454.852048, 446.156409 ] }, { "date": "2025-06-06", "close": 524.91, "volume": 2332616, "typical_volume": 3888306.45, "trend": 439.890333, "fair_value": 460.609167, "relative_strength": 6.505391, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.292908, "energy": 88.643652, "activity_lines": [ 514.04, 490.511636, 462.541857, 451.838602 ] }, { "date": "2025-06-13", "close": 522.7, "volume": 1895816, "typical_volume": 3866313.5, "trend": 443.283333, "fair_value": 461.856923, "relative_strength": 6.799014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.256417, "energy": 85.424074, "activity_lines": [ 518.297333, 500.909091, 469.518095, 457.181161 ] }, { "date": "2025-06-20", "close": 523.92, "volume": 2445987, "typical_volume": 3712732.7, "trend": 446.839333, "fair_value": 462.898205, "relative_strength": 7.172742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.648719, "energy": 78.688786, "activity_lines": [ 520.894667, 509.183455, 476.194476, 462.383527 ] }, { "date": "2025-06-27", "close": 531.32, "volume": 2482743, "typical_volume": 3619182.15, "trend": 450.491667, "fair_value": 464.00641, "relative_strength": 4.46955, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.571525, "energy": 68.096877, "activity_lines": [ 525.570667, 516.385455, 483.090524, 467.833892 ] }, { "date": "2025-07-04", "close": 547.01, "volume": 1821765, "typical_volume": 3553485.7, "trend": 454.202333, "fair_value": 465.086923, "relative_strength": 5.985883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.299067, "energy": 73.300191, "activity_lines": [ 533.493333, 524.261455, 491.14019, 474.060882 ] }, { "date": "2025-07-11", "close": 533.37, "volume": 2008350, "typical_volume": 3523916.5, "trend": 457.578, "fair_value": 466.133269, "relative_strength": 3.803509, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.043245, "energy": 62.852692, "activity_lines": [ 534.626, 527.665273, 497.40281, 479.168473 ] }, { "date": "2025-07-18", "close": 514.61, "volume": 1882049, "typical_volume": 3417132.35, "trend": 460.989667, "fair_value": 466.909551, "relative_strength": -0.955719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.834587, "energy": 55.062246, "activity_lines": [ 528.941333, 526.540545, 501.494952, 482.847957 ] }, { "date": "2025-07-25", "close": 565.19, "volume": 3242813, "typical_volume": 3381103.65, "trend": 465.998333, "fair_value": 467.973718, "relative_strength": 7.847668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.199284, "energy": 63.742491, "activity_lines": [ 540.656, 534.195636, 510.03519, 489.570559 ] }, { "date": "2025-08-01", "close": 535.54, "volume": 3999613, "typical_volume": 3376888.1, "trend": 469.998667, "fair_value": 468.792692, "relative_strength": 4.675426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.225319, "energy": 51.476685, "activity_lines": [ 539.736, 535.603636, 515.108429, 494.057118 ] }, { "date": "2025-08-08", "close": 658.06, "volume": 7383781, "typical_volume": 3609086.1, "trend": 477.999, "fair_value": 470.469808, "relative_strength": 23.821909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.528961, "energy": 70.733364, "activity_lines": [ 579.374667, 558.670364, 531.277667, 506.190108 ] }, { "date": "2025-08-15", "close": 650.84, "volume": 2487542, "typical_volume": 3547231.85, "trend": 485.718333, "fair_value": 472.24609, "relative_strength": 21.655944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.455869, "energy": 93.216428, "activity_lines": [ 609.203333, 577.793455, 545.630381, 517.34114 ] }, { "date": "2025-08-22", "close": 645.55, "volume": 2006013, "typical_volume": 3419468.95, "trend": 492.725667, "fair_value": 474.141282, "relative_strength": 21.532593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.624525, "energy": 90.94943, "activity_lines": [ 629.437333, 593.665091, 558.360381, 527.65286 ] }, { "date": "2025-08-29", "close": 647.09, "volume": 1947853, "typical_volume": 3111780.65, "trend": 500.227, "fair_value": 476.085256, "relative_strength": 21.859592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.304662, "energy": 89.761728, "activity_lines": [ 641.455333, 607.583091, 570.037905, 537.611849 ] }, { "date": "2025-09-05", "close": 642.99, "volume": 1624880, "typical_volume": 3005777.85, "trend": 506.334, "fair_value": 477.808718, "relative_strength": 19.75531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.692569, "energy": 86.420285, "activity_lines": [ 646.646667, 618.516182, 580.10519, 546.822366 ] }, { "date": "2025-09-12", "close": 641.14, "volume": 1776542, "typical_volume": 2864576.5, "trend": 512.887667, "fair_value": 479.722692, "relative_strength": 17.171108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.764336, "energy": 65.295399, "activity_lines": [ 644.058, 627.082545, 588.893905, 555.519527 ] }, { "date": "2025-09-19", "close": 656.16, "volume": 2760204, "typical_volume": 2729748.6, "trend": 519.667333, "fair_value": 481.786538, "relative_strength": 17.283866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.571737, "energy": 65.27557, "activity_lines": [ 647.604, 636.668364, 598.143095, 564.762903 ] }, { "date": "2025-09-26", "close": 632.22, "volume": 1926867, "typical_volume": 2611068.5, "trend": 526.171, "fair_value": 483.750769, "relative_strength": 13.505979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.361936, "energy": 54.816968, "activity_lines": [ 642.815333, 639.668909, 604.234857, 572.024366 ] }, { "date": "2025-10-03", "close": 631.19, "volume": 2047716, "typical_volume": 2573546.15, "trend": 532.873333, "fair_value": 485.660705, "relative_strength": 11.8261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.54685, "energy": 43.762678, "activity_lines": [ 638.572, 640.343818, 609.559381, 578.799785 ] }, { "date": "2025-10-10", "close": 616.15, "volume": 1884609, "typical_volume": 2532889.55, "trend": 539.568333, "fair_value": 487.529359, "relative_strength": 11.523511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.066652, "energy": 36.139206, "activity_lines": [ 630.375333, 637.084182, 612.913, 584.172473 ] }, { "date": "2025-10-17", "close": 635.4, "volume": 1931153, "typical_volume": 2494445.6, "trend": 546.715333, "fair_value": 489.438013, "relative_strength": 11.980757, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.034921, "energy": 29.379774, "activity_lines": [ 630.384667, 635.858909, 617.554333, 590.355161 ] }, { "date": "2025-10-24", "close": 640.85, "volume": 2101794, "typical_volume": 2482904.5, "trend": 554.214667, "fair_value": 491.210897, "relative_strength": 10.254932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.210086, "energy": 30.735012, "activity_lines": [ 632.593333, 636.036545, 622.133571, 596.428366 ] }, { "date": "2025-10-31", "close": 629.51, "volume": 2687317, "typical_volume": 2522479.55, "trend": 562.074, "fair_value": 492.862949, "relative_strength": 5.940189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.54383, "energy": 27.292681, "activity_lines": [ 632.042667, 634.334, 625.080714, 601.286129 ] }, { "date": "2025-11-07", "close": 708.45, "volume": 4429090, "typical_volume": 2621634.7, "trend": 572.657667, "fair_value": 494.575641, "relative_strength": 22.22168, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 83.91528, "energy": 64.495648, "activity_lines": [ 657.986, 647.275818, 635.037333, 610.729742 ] }, { "date": "2025-11-14", "close": 689.93, "volume": 2054293, "typical_volume": 2600212.2, "trend": 581.939, "fair_value": 496.345128, "relative_strength": 18.524903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.485173, "energy": 75.628984, "activity_lines": [ 672.605333, 655.734727, 642.351429, 618.295699 ] }, { "date": "2025-11-21", "close": 725.91, "volume": 3821584, "typical_volume": 2700203.15, "trend": 591.554667, "fair_value": 498.361474, "relative_strength": 27.647775, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.210492, "energy": 84.659042, "activity_lines": [ 694.299333, 669.882, 652.336905, 627.584151 ] }, { "date": "2025-11-28", "close": 752.88, "volume": 2610144, "typical_volume": 2730292.85, "trend": 600.920667, "fair_value": 500.397244, "relative_strength": 25.192615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.173221, "energy": 91.119058, "activity_lines": [ 718.949333, 687.391636, 664.039048, 637.992237 ] }, { "date": "2025-12-05", "close": 714.1, "volume": 2984572, "typical_volume": 2785419.0, "trend": 608.334, "fair_value": 502.278462, "relative_strength": 16.844724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.902982, "energy": 76.8741, "activity_lines": [ 723.204, 696.091818, 671.002571, 645.294129 ] }, { "date": "2025-12-12", "close": 704.2, "volume": 2226527, "typical_volume": 2734604.7, "trend": 614.537333, "fair_value": 504.179038, "relative_strength": 16.696697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.938891, "energy": 58.903596, "activity_lines": [ 718.519333, 701.503273, 676.073286, 651.479032 ] }, { "date": "2025-12-19", "close": 700.34, "volume": 3923110, "typical_volume": 2730779.55, "trend": 621.163, "fair_value": 506.036474, "relative_strength": 14.658794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.256333, "energy": 50.42988, "activity_lines": [ 712.831333, 704.885455, 680.114429, 657.014688 ] }, { "date": "2025-12-26", "close": 688.48, "volume": 1366323, "typical_volume": 2429906.65, "trend": 627.000333, "fair_value": 507.834679, "relative_strength": 10.682442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.405155, "energy": 33.195538, "activity_lines": [ 702.496, 704.580545, 682.241286, 661.35772 ] }, { "date": "2026-01-02", "close": 669.99, "volume": 1456602, "typical_volume": 2378359.65, "trend": 631.836333, "fair_value": 509.259167, "relative_strength": 8.997614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.829282, "energy": 21.287321, "activity_lines": [ 688.492667, 699.948727, 682.462333, 664.131247 ] }, { "date": "2026-01-09", "close": 713.35, "volume": 2613685, "typical_volume": 2408743.25, "trend": 638.191333, "fair_value": 510.760897, "relative_strength": 12.874843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.163142, "energy": 23.395219, "activity_lines": [ 694.468667, 702.670727, 686.721714, 669.390194 ] }, { "date": "2026-01-16", "close": 715.37, "volume": 2061124, "typical_volume": 2414406.8, "trend": 644.573, "fair_value": 512.212756, "relative_strength": 13.432744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.796985, "energy": 25.631695, "activity_lines": [ 701.168, 704.235636, 690.850619, 674.369462 ] }, { "date": "2026-01-23", "close": 693.85, "volume": 1849893, "typical_volume": 2425657.45, "trend": 649.990667, "fair_value": 513.538718, "relative_strength": 9.166553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.01956, "energy": 22.452966, "activity_lines": [ 699.949333, 701.762, 692.604857, 677.548624 ] }, { "date": "2026-01-30", "close": 670.46, "volume": 2537504, "typical_volume": 2463705.55, "trend": 654.105667, "fair_value": 514.744167, "relative_strength": 5.103907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.711632, "energy": 17.463268, "activity_lines": [ 691.366667, 694.964364, 691.889286, 678.869226 ] }, { "date": "2026-02-06", "close": 644.61, "volume": 3536703, "typical_volume": 2502530.5, "trend": 657.813667, "fair_value": 515.762628, "relative_strength": 2.742531, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.763591, "energy": 9.77645, "activity_lines": [ 675.368667, 684.474909, 688.57219, 678.256602 ] }, { "date": "2026-02-13", "close": 629.35, "volume": 2582499, "typical_volume": 2535312.1, "trend": 661.638333, "fair_value": 516.614487, "relative_strength": 1.191198, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.148003, "energy": 31.126703, "activity_lines": [ 655.976, 673.179455, 683.856762, 676.420237 ] }, { "date": "2026-02-20", "close": 635.66, "volume": 1398199, "typical_volume": 2502836.25, "trend": 663.987333, "fair_value": 517.688141, "relative_strength": 0.713299, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.708195, "energy": 52.578641, "activity_lines": [ 644.286667, 664.572182, 679.755952, 674.744215 ] }, { "date": "2026-02-27", "close": 656.73, "volume": 3024572, "typical_volume": 2559834.4, "trend": 668.027, "fair_value": 518.769744, "relative_strength": 3.893965, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.465563, "energy": 50.708051, "activity_lines": [ 644.934667, 661.042, 677.640524, 674.276 ] }, { "date": "2026-03-06", "close": 608.41, "volume": 2756625, "typical_volume": 2601108.0, "trend": 666.372, "fair_value": 519.754038, "relative_strength": -2.783452, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.650608, "energy": 59.560825, "activity_lines": [ 631.950667, 649.519273, 670.729952, 670.429742 ] }, { "date": "2026-03-13", "close": 573.82, "volume": 2607112, "typical_volume": 2626373.9, "trend": 663.804667, "fair_value": 520.410833, "relative_strength": -7.543409, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.253232, "energy": 69.331486, "activity_lines": [ 611.573333, 633.163273, 660.653619, 664.458645 ] }, { "date": "2026-03-20", "close": 577.26, "volume": 2727718, "typical_volume": 2628393.95, "trend": 661.528333, "fair_value": 520.998974, "relative_strength": -5.320708, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.196878, "energy": 78.686926, "activity_lines": [ 597.062, 619.181273, 651.224095, 658.875118 ] }, { "date": "2026-03-27", "close": 558.32, "volume": 2075450, "typical_volume": 2510711.95, "trend": 658.569333, "fair_value": 521.372308, "relative_strength": -5.549769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.363081, "energy": 86.116918, "activity_lines": [ 579.71, 604.23, 640.239571, 652.216516 ] }, { "date": "2026-04-03", "close": 569.55, "volume": 2508876, "typical_volume": 2533441.1, "trend": 656.121333, "fair_value": 521.994295, "relative_strength": -7.403186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.817519, "energy": 82.512731, "activity_lines": [ 571.257333, 594.176, 631.039476, 646.473333 ] }, { "date": "2026-04-10", "close": 563.0, "volume": 2608428, "typical_volume": 2472783.3, "trend": 653.516667, "fair_value": 522.510385, "relative_strength": -12.467117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.846087, "energy": 79.917845, "activity_lines": [ 566.433333, 585.191091, 621.78881, 640.465505 ] }, { "date": "2026-04-17", "close": 589.25, "volume": 2100001, "typical_volume": 2447276.15, "trend": 651.286333, "fair_value": 523.110385, "relative_strength": -13.684136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.398937, "energy": 55.687794, "activity_lines": [ 573.386667, 582.932727, 615.813905, 636.319269 ] }, { "date": "2026-04-24", "close": 565.93, "volume": 2808929, "typical_volume": 2438494.0, "trend": 649.076667, "fair_value": 523.583269, "relative_strength": -18.773739, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.031866, "energy": 51.567525, "activity_lines": [ 571.538, 577.440909, 608.397238, 630.812409 ] }, { "date": "2026-05-01", "close": 567.46, "volume": 3150058, "typical_volume": 2484670.55, "trend": 646.952333, "fair_value": 524.089487, "relative_strength": -19.607521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.307646, "energy": 47.299272, "activity_lines": [ 570.954667, 573.380364, 601.831857, 625.546817 ] }, { "date": "2026-05-08", "close": 560.11, "volume": 3347190, "typical_volume": 2455874.55, "trend": 645.084333, "fair_value": 524.555128, "relative_strength": -24.475274, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.053789, "energy": 46.653873, "activity_lines": [ 567.312, 569.223455, 595.217619, 619.944086 ] }, { "date": "2026-05-15", "close": 528.79, "volume": 3481828, "typical_volume": 2561649.8, "trend": 641.530667, "fair_value": 524.815962, "relative_strength": -28.134125, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.00868, "energy": 57.522517, "activity_lines": [ 553.858667, 561.128727, 586.288286, 612.441226 ] }, { "date": "2026-05-22", "close": 559.37, "volume": 2875996, "typical_volume": 2632619.5, "trend": 638.814667, "fair_value": 525.395641, "relative_strength": -24.598318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.455882, "energy": 48.583627, "activity_lines": [ 552.879333, 560.041636, 581.031762, 607.140538 ] }, { "date": "2026-05-29", "close": 563.53, "volume": 3072835, "typical_volume": 2655577.0, "trend": 636.615333, "fair_value": 525.989872, "relative_strength": -25.85829, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.473995, "energy": 46.319341, "activity_lines": [ 555.278667, 559.973636, 576.69819, 602.283462 ] }, { "date": "2026-06-05", "close": 562.16, "volume": 3255276, "typical_volume": 2715284.6, "trend": 631.739, "fair_value": 526.703269, "relative_strength": -22.264683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.856207, "energy": 43.082984, "activity_lines": [ 557.381333, 559.906182, 572.947571, 597.479892 ] }, { "date": "2026-06-12", "close": 560.88, "volume": 2543517, "typical_volume": 2749965.8, "trend": 627.437333, "fair_value": 527.202308, "relative_strength": -23.880941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.762379, "energy": 34.108431, "activity_lines": [ 559.410667, 559.536182, 569.804619, 592.908344 ] }, { "date": "2026-06-19", "close": 562.09, "volume": 2915858, "typical_volume": 2768883.5, "trend": 621.976667, "fair_value": 527.678654, "relative_strength": -25.366454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.127434, "energy": 26.733379, "activity_lines": [ 561.792, 559.543818, 567.410095, 588.692387 ] }, { "date": "2026-06-26", "close": 551.5, "volume": 3866965, "typical_volume": 2785396.6, "trend": 615.264, "fair_value": 527.994487, "relative_strength": -23.043119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.935953, "energy": 29.122588, "activity_lines": [ 558.423333, 557.642545, 564.523048, 584.145505 ] }, { "date": "2026-07-03", "close": 557.8, "volume": 3039898, "typical_volume": 2808266.55, "trend": 610.054, "fair_value": 528.377756, "relative_strength": -22.52804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.209507, "energy": 25.714661, "activity_lines": [ 557.679333, 557.573091, 562.679381, 580.438151 ] }, { "date": "2026-07-10", "close": 563.57, "volume": 3426045, "typical_volume": 2909658.85, "trend": 605.366333, "fair_value": 528.548782, "relative_strength": -22.841672, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -36.569248, "energy": 23.442406, "activity_lines": [ 559.240667, 558.700545, 561.725952, 577.439183 ] }, { "date": "2026-07-17", "close": 567.44, "volume": 3407455, "typical_volume": 2928803.0, "trend": 600.936333, "fair_value": 528.63109, "relative_strength": -18.778216, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -33.990396, "energy": 19.827089, "activity_lines": [ 561.998, 560.602364, 561.484381, 574.992323 ] }, { "date": "2026-07-24", "close": 544.32, "volume": 2212485, "typical_volume": 2901596.0, "trend": 596.131, "fair_value": 528.576859, "relative_strength": -20.51008, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -53.774811, "energy": 27.105105, "activity_lines": [ 556.611333, 558.167273, 559.466095, 571.339656 ] }, { "date": "2026-07-31", "close": 559.07, "volume": 2558240, "typical_volume": 2899152.4, "trend": 592.433667, "fair_value": 528.929359, "relative_strength": -18.55524, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.701889, "energy": 21.797145, "activity_lines": [ 557.326, 558.131636, 559.157762, 568.948624 ] }, { "date": "2026-08-07", "close": 586.67, "volume": 4935367, "typical_volume": 3009534.85, "trend": 588.211, "fair_value": 529.449615, "relative_strength": -18.142857, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -5.963589, "energy": 4.469995, "activity_lines": [ 566.736, 563.119636, 561.548238, 568.576774 ] } ], "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." } } }