{ "ticker": { "uuid": "06c6c1f3-818a-433b-9786-2c3ad016c151", "symbol": "MZTI", "name": "The Marzetti Company", "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": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -59.902, "architecture_energy": 51.49, "architecture_maturity": 76.308, "architecture_confidence": 90.691, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 20.42, "rotation_up": 27.29, "upward_expansion": 8.1, "deceleration": 57.08, "rotation_down": 48.71, "downward_expansion": 79.1 }, "activity_lines": [ 109.702, 110.678545, 113.07624, 120.301855 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 113.48, "trend_reference": 131.686914, "distance_from_trend": -0.138259, "trend_direction": "Weakening", "fair_value": 163.840662, "distance_from_fair_value": -0.307376, "fair_value_direction": "Improving", "relative_strength": -33.406353, "relative_strength_direction": "Improving", "price_momentum": -0.255251, "excess_performance": -0.442704, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.138259, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.120193, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.307376, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.029243, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.334064, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.088328, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.255251, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.899644, "read": "Supply-led" } ], "volume": { "latest": 1452688, "relative_activity": 0.887957, "balance": 0.899644, "dry_up": 0.900087, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.06291, "annualized_volatility": 0.30455, "from_high_reference": -0.389606, "from_low_reference": 0.088276 }, "levels": { "trend_reference": 131.686914, "fair_value_reference": 163.840662, "structural_low": 104.275, "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": 32, "median_return": 0.00042, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.016285, "regime_survival": 0.75, "best_return": 0.241923, "worst_return": -0.205374, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.019411, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": 0.029285, "regime_survival": 0.454545, "best_return": 0.160062, "worst_return": -0.250019, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.019816, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.094367, "regime_survival": 0.5, "best_return": 0.100477, "worst_return": -0.32177, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.060535, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.229337, "regime_survival": 0.0, "best_return": 0.106232, "worst_return": -0.095358, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.102922, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.013386, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.089147, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-05-16", "tenure": "Developing", "return": -0.030322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.103893, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-07-25", "tenure": "New", "return": 0.035516, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-09-26", "tenure": "Developing", "return": -0.02099, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": -0.021484, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": -0.068556, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-07", "end": "2025-11-21", "tenure": "New", "return": -0.004523, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.035881, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-01-09", "tenure": "Developing", "return": 0.00599, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-16", "end": "2026-03-13", "tenure": "Developing", "return": -0.093445, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-08-07", "tenure": "Established", "return": -0.205046, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 170.99257, "volume": 598213, "typical_volume": 656201.2, "trend": 183.54945, "fair_value": 160.033639, "relative_strength": -17.606761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.681683, "energy": 56.841703, "activity_lines": [ 175.659431, 177.525405, 181.81312, 183.369952 ] }, { "date": "2023-08-25", "close": 154.447616, "volume": 1254118, "typical_volume": 696458.5, "trend": 182.78779, "fair_value": 160.034073, "relative_strength": -26.548971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.750823, "energy": 79.598889, "activity_lines": [ 168.026942, 173.100331, 178.884497, 181.492414 ] }, { "date": "2023-09-01", "close": 155.027157, "volume": 637725, "typical_volume": 702696.6, "trend": 182.201735, "fair_value": 160.006473, "relative_strength": -28.645778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.345999, "energy": 87.643991, "activity_lines": [ 162.358659, 169.134301, 176.164049, 179.701405 ] }, { "date": "2023-09-08", "close": 149.817065, "volume": 623905, "typical_volume": 707997.0, "trend": 181.334833, "fair_value": 159.978328, "relative_strength": -29.834772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.578217, "energy": 92.705448, "activity_lines": [ 156.593842, 164.80698, 173.087077, 177.612072 ] }, { "date": "2023-09-15", "close": 162.099001, "volume": 1003034, "typical_volume": 694443.0, "trend": 180.671931, "fair_value": 159.996125, "relative_strength": -23.456926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.306572, "energy": 85.482593, "activity_lines": [ 156.982169, 163.406383, 171.382413, 176.37105 ] }, { "date": "2023-09-22", "close": 157.184347, "volume": 623266, "typical_volume": 694641.85, "trend": 179.968137, "fair_value": 159.979288, "relative_strength": -22.959964, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.42595, "energy": 81.987483, "activity_lines": [ 156.551391, 161.382514, 169.364662, 174.855722 ] }, { "date": "2023-09-29", "close": 155.079409, "volume": 547784, "typical_volume": 694133.95, "trend": 179.266454, "fair_value": 159.96723, "relative_strength": -23.837954, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.105222, "energy": 66.454206, "activity_lines": [ 156.339515, 159.300577, 167.3679, 173.249998 ] }, { "date": "2023-10-06", "close": 161.488193, "volume": 588888, "typical_volume": 697118.5, "trend": 178.860283, "fair_value": 159.995513, "relative_strength": -21.821637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.508316, "energy": 49.077858, "activity_lines": [ 158.221781, 158.855394, 166.181025, 172.103013 ] }, { "date": "2023-10-13", "close": 166.337068, "volume": 745383, "typical_volume": 705944.4, "trend": 178.257082, "fair_value": 160.067857, "relative_strength": -19.238649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.260944, "energy": 35.932975, "activity_lines": [ 161.289602, 159.621668, 165.607094, 171.295064 ] }, { "date": "2023-10-20", "close": 155.859364, "volume": 801332, "typical_volume": 725588.8, "trend": 177.004605, "fair_value": 160.025279, "relative_strength": -21.67056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.050658, "energy": 36.662782, "activity_lines": [ 159.763522, 158.744132, 164.145081, 169.85005 ] }, { "date": "2023-10-27", "close": 156.977612, "volume": 562093, "typical_volume": 728735.9, "trend": 175.94267, "fair_value": 160.08584, "relative_strength": -18.584747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.083313, "energy": 32.346147, "activity_lines": [ 159.026168, 158.406757, 162.949701, 168.557986 ] }, { "date": "2023-11-03", "close": 160.689444, "volume": 822304, "typical_volume": 702556.8, "trend": 175.079856, "fair_value": 160.156135, "relative_strength": -21.007131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.169994, "energy": 27.467635, "activity_lines": [ 159.539873, 158.999077, 162.243114, 167.573907 ] }, { "date": "2023-11-10", "close": 157.532038, "volume": 521802, "typical_volume": 677930.9, "trend": 174.185637, "fair_value": 160.170272, "relative_strength": -24.103049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.261198, "energy": 35.493499, "activity_lines": [ 158.627107, 158.903835, 161.298728, 166.44179 ] }, { "date": "2023-11-17", "close": 157.268921, "volume": 473677, "typical_volume": 668362.6, "trend": 173.015825, "fair_value": 160.193652, "relative_strength": -25.044954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.997052, "energy": 33.040404, "activity_lines": [ 157.890378, 158.715211, 160.470831, 165.350389 ] }, { "date": "2023-11-24", "close": 160.360548, "volume": 312531, "typical_volume": 661817.2, "trend": 171.873053, "fair_value": 160.249657, "relative_strength": -23.5678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.783692, "energy": 29.446047, "activity_lines": [ 158.788736, 158.953213, 160.083558, 164.533919 ] }, { "date": "2023-12-01", "close": 157.954905, "volume": 593406, "typical_volume": 663566.15, "trend": 170.348523, "fair_value": 160.280793, "relative_strength": -24.13697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.755595, "energy": 29.619023, "activity_lines": [ 158.585133, 158.785433, 159.546248, 163.635974 ] }, { "date": "2023-12-08", "close": 157.227437, "volume": 614533, "typical_volume": 663917.7, "trend": 169.02344, "fair_value": 160.301833, "relative_strength": -24.198417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.622162, "energy": 28.631425, "activity_lines": [ 158.073889, 158.471376, 159.021013, 162.789452 ] }, { "date": "2023-12-15", "close": 157.038485, "volume": 911132, "typical_volume": 686053.05, "trend": 167.817092, "fair_value": 160.330868, "relative_strength": -25.993539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.848955, "energy": 27.641154, "activity_lines": [ 157.73046, 158.083909, 158.591047, 162.016229 ] }, { "date": "2023-12-22", "close": 153.873529, "volume": 621538, "typical_volume": 667937.25, "trend": 166.633073, "fair_value": 160.320747, "relative_strength": -27.304752, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.053453, "energy": 33.808045, "activity_lines": [ 156.36495, 157.201899, 157.967233, 161.116645 ] }, { "date": "2023-12-29", "close": 157.199094, "volume": 569095, "typical_volume": 671287.95, "trend": 165.556803, "fair_value": 160.278032, "relative_strength": -25.125558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.633581, "energy": 28.926765, "activity_lines": [ 156.334321, 157.151147, 157.787907, 160.508001 ] }, { "date": "2024-01-05", "close": 154.100272, "volume": 441630, "typical_volume": 663458.8, "trend": 164.513891, "fair_value": 160.236549, "relative_strength": -23.344452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.739518, "energy": 31.986578, "activity_lines": [ 155.481515, 156.512615, 157.395296, 159.76887 ] }, { "date": "2024-01-12", "close": 162.215785, "volume": 519494, "typical_volume": 626727.6, "trend": 164.12443, "fair_value": 160.280076, "relative_strength": -21.043376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.91558, "energy": 15.828084, "activity_lines": [ 157.590856, 157.401945, 157.85603, 159.620605 ] }, { "date": "2024-01-19", "close": 162.404738, "volume": 432418, "typical_volume": 616462.25, "trend": 163.296018, "fair_value": 160.323729, "relative_strength": -22.388275, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.011522, "energy": 7.461583, "activity_lines": [ 159.430624, 158.297879, 158.297769, 159.509657 ] }, { "date": "2024-01-26", "close": 169.92505, "volume": 696863, "typical_volume": 620110.15, "trend": 162.694603, "fair_value": 160.414902, "relative_strength": -18.663508, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.549428, "energy": 27.761961, "activity_lines": [ 163.419413, 160.472548, 159.420596, 159.937337 ] }, { "date": "2024-02-02", "close": 191.380615, "volume": 1587625, "typical_volume": 649339.7, "trend": 163.175104, "fair_value": 160.609537, "relative_strength": -9.072789, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 61.81541, "energy": 72.372032, "activity_lines": [ 173.489955, 166.318117, 162.491058, 161.788047 ] }, { "date": "2024-02-09", "close": 178.323992, "volume": 693216, "typical_volume": 652837.2, "trend": 163.28457, "fair_value": 160.695835, "relative_strength": -16.234864, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.181404, "energy": 68.305067, "activity_lines": [ 176.929522, 169.225754, 164.178596, 162.765395 ] }, { "date": "2024-02-16", "close": 182.235311, "volume": 514545, "typical_volume": 651175.25, "trend": 163.325313, "fair_value": 160.84368, "relative_strength": -12.469236, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.940473, "energy": 82.752589, "activity_lines": [ 180.057947, 172.474192, 166.137976, 163.988023 ] }, { "date": "2024-02-23", "close": 188.77307, "volume": 606386, "typical_volume": 652050.15, "trend": 163.630096, "fair_value": 161.05516, "relative_strength": -9.963061, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.135109, "energy": 86.803561, "activity_lines": [ 184.03099, 176.456626, 168.590685, 165.629814 ] }, { "date": "2024-03-01", "close": 194.857343, "volume": 705014, "typical_volume": 650031.7, "trend": 164.101856, "fair_value": 161.272996, "relative_strength": -8.335376, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.329971, "energy": 87.003266, "activity_lines": [ 188.274235, 180.968298, 171.492922, 167.644475 ] }, { "date": "2024-03-08", "close": 194.870366, "volume": 527878, "typical_volume": 636359.0, "trend": 164.784678, "fair_value": 161.457318, "relative_strength": -6.340957, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.388208, "energy": 85.004524, "activity_lines": [ 190.859668, 184.737178, 174.260587, 169.62954 ] }, { "date": "2024-03-15", "close": 188.076093, "volume": 833292, "typical_volume": 649918.95, "trend": 165.354129, "fair_value": 161.602162, "relative_strength": -7.890996, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.424639, "energy": 74.304251, "activity_lines": [ 190.947694, 186.585803, 176.195412, 171.132212 ] }, { "date": "2024-03-22", "close": 195.496654, "volume": 587704, "typical_volume": 638188.95, "trend": 166.72243, "fair_value": 161.800889, "relative_strength": -6.331011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.208172, "energy": 67.486606, "activity_lines": [ 192.8591, 189.165879, 178.68887, 173.076891 ] }, { "date": "2024-03-29", "close": 197.024416, "volume": 404282, "typical_volume": 632312.95, "trend": 168.122339, "fair_value": 162.042878, "relative_strength": -4.511568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.378343, "energy": 60.8676, "activity_lines": [ 194.39567, 191.418623, 181.16208, 175.031858 ] }, { "date": "2024-04-05", "close": 193.74115, "volume": 454265, "typical_volume": 631342.35, "trend": 169.586475, "fair_value": 162.258079, "relative_strength": -4.754273, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.539769, "energy": 54.096297, "activity_lines": [ 194.287729, 192.444961, 183.134539, 176.684684 ] }, { "date": "2024-04-12", "close": 186.088104, "volume": 495273, "typical_volume": 640479.45, "trend": 170.386112, "fair_value": 162.41498, "relative_strength": -7.448573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.816603, "energy": 46.328045, "activity_lines": [ 191.703185, 191.646816, 184.204459, 177.749306 ] }, { "date": "2024-04-19", "close": 177.324821, "volume": 766423, "typical_volume": 649130.3, "trend": 171.057461, "fair_value": 162.485223, "relative_strength": -6.058763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.354228, "energy": 25.429936, "activity_lines": [ 186.78303, 189.351574, 184.317268, 178.196964 ] }, { "date": "2024-04-26", "close": 177.476649, "volume": 660706, "typical_volume": 651438.95, "trend": 171.804036, "fair_value": 162.562524, "relative_strength": -8.791094, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.775782, "energy": 22.667359, "activity_lines": [ 182.630237, 187.102105, 184.3523, 178.611105 ] }, { "date": "2024-05-03", "close": 181.718324, "volume": 853284, "typical_volume": 648546.55, "trend": 172.478373, "fair_value": 162.642273, "relative_strength": -6.706589, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.660539, "energy": 26.402733, "activity_lines": [ 181.092669, 185.71037, 184.694876, 179.250737 ] }, { "date": "2024-05-10", "close": 187.478273, "volume": 529841, "typical_volume": 643961.7, "trend": 173.18308, "fair_value": 162.753204, "relative_strength": -4.417862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.001977, "energy": 25.520655, "activity_lines": [ 182.49549, 185.494166, 185.468495, 180.218472 ] }, { "date": "2024-05-17", "close": 181.727814, "volume": 477390, "typical_volume": 639376.45, "trend": 174.045362, "fair_value": 162.844667, "relative_strength": -8.642979, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.855562, "energy": 14.760436, "activity_lines": [ 182.399017, 184.36659, 185.534429, 180.769746 ] }, { "date": "2024-05-24", "close": 175.047411, "volume": 372293, "typical_volume": 635909.6, "trend": 174.647688, "fair_value": 162.895144, "relative_strength": -12.560683, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.550581, "energy": 9.682339, "activity_lines": [ 180.366428, 182.26335, 184.847331, 180.834394 ] }, { "date": "2024-05-31", "close": 176.0248, "volume": 418977, "typical_volume": 630883.75, "trend": 175.158867, "fair_value": 162.916754, "relative_strength": -10.077322, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.247247, "energy": 11.821899, "activity_lines": [ 178.811464, 180.574702, 184.153569, 180.92324 ] }, { "date": "2024-06-07", "close": 177.410224, "volume": 423670, "typical_volume": 630446.35, "trend": 175.821473, "fair_value": 162.918125, "relative_strength": -11.204526, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.068385, "energy": 19.75309, "activity_lines": [ 177.815097, 179.491984, 183.525996, 181.068489 ] }, { "date": "2024-06-14", "close": 177.88698, "volume": 479966, "typical_volume": 619601.5, "trend": 176.508742, "fair_value": 162.95638, "relative_strength": -13.578764, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.034121, "energy": 24.454363, "activity_lines": [ 177.264855, 178.85257, 182.872372, 181.201747 ] }, { "date": "2024-06-21", "close": 178.754674, "volume": 426889, "typical_volume": 561564.7, "trend": 177.121879, "fair_value": 162.975129, "relative_strength": -12.762232, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.461574, "energy": 17.688119, "activity_lines": [ 177.643265, 178.659176, 182.263473, 181.346646 ] }, { "date": "2024-06-28", "close": 180.184941, "volume": 731945, "typical_volume": 563501.15, "trend": 177.86288, "fair_value": 163.01221, "relative_strength": -11.466475, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.910808, "energy": 9.192094, "activity_lines": [ 178.696639, 178.859166, 181.850912, 181.544263 ] }, { "date": "2024-07-05", "close": 180.223081, "volume": 417571, "typical_volume": 558652.45, "trend": 178.629402, "fair_value": 163.037779, "relative_strength": -14.010777, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.028423, "energy": 6.840973, "activity_lines": [ 179.420225, 179.014088, 181.433123, 181.696534 ] }, { "date": "2024-07-12", "close": 177.686742, "volume": 535461, "typical_volume": 555106.2, "trend": 179.317677, "fair_value": 163.023808, "relative_strength": -14.579702, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.982185, "energy": 7.314262, "activity_lines": [ 179.018479, 178.657922, 180.783359, 181.635717 ] }, { "date": "2024-07-19", "close": 175.388781, "volume": 522936, "typical_volume": 546002.3, "trend": 180.034852, "fair_value": 163.006575, "relative_strength": -11.741588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.179897, "energy": 16.580913, "activity_lines": [ 177.832311, 177.957247, 179.967534, 181.38224 ] }, { "date": "2024-07-26", "close": 179.546088, "volume": 712108, "typical_volume": 555213.8, "trend": 180.779752, "fair_value": 163.017258, "relative_strength": -6.896043, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.739057, "energy": 14.605996, "activity_lines": [ 178.19846, 178.232255, 179.640351, 181.350707 ] }, { "date": "2024-08-02", "close": 182.606858, "volume": 695435, "typical_volume": 548320.95, "trend": 181.729972, "fair_value": 163.097409, "relative_strength": -1.936417, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.520905, "energy": 14.653567, "activity_lines": [ 179.532103, 179.103434, 179.677642, 181.468585 ] }, { "date": "2024-08-09", "close": 183.360132, "volume": 590185, "typical_volume": 548445.0, "trend": 182.434783, "fair_value": 163.169192, "relative_strength": -1.564793, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -11.722589, "energy": 8.445733, "activity_lines": [ 180.955377, 179.974128, 179.812717, 181.573756 ] }, { "date": "2024-08-16", "close": 189.157478, "volume": 547338, "typical_volume": 555597.8, "trend": 183.326541, "fair_value": 163.307239, "relative_strength": -3.344545, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.347398, "energy": 23.78814, "activity_lines": [ 184.101963, 181.765515, 180.557714, 182.007478 ] }, { "date": "2024-08-23", "close": 165.443663, "volume": 1381197, "typical_volume": 601944.4, "trend": 183.177162, "fair_value": 163.33148, "relative_strength": -16.013548, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.570265, "energy": 23.851351, "activity_lines": [ 178.579228, 179.031713, 179.081714, 180.853744 ] }, { "date": "2024-08-30", "close": 162.821509, "volume": 877261, "typical_volume": 621043.8, "trend": 182.225191, "fair_value": 163.365076, "relative_strength": -16.417161, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.947294, "energy": 54.575774, "activity_lines": [ 172.84545, 176.047397, 177.490735, 179.540476 ] }, { "date": "2024-09-06", "close": 169.333987, "volume": 538774, "typical_volume": 609661.35, "trend": 181.925525, "fair_value": 163.449235, "relative_strength": -7.611503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.353291, "energy": 59.17988, "activity_lines": [ 170.39747, 174.536863, 176.630784, 178.708786 ] }, { "date": "2024-09-13", "close": 172.156305, "volume": 559472, "typical_volume": 604599.65, "trend": 181.589558, "fair_value": 163.570007, "relative_strength": -11.011024, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.762781, "energy": 58.666062, "activity_lines": [ 169.77512, 173.736767, 176.077678, 178.078514 ] }, { "date": "2024-09-20", "close": 174.236019, "volume": 986814, "typical_volume": 611276.15, "trend": 181.104989, "fair_value": 163.711807, "relative_strength": -10.923036, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.868253, "energy": 53.675652, "activity_lines": [ 170.59293, 173.461469, 175.747975, 177.604092 ] }, { "date": "2024-09-27", "close": 171.284166, "volume": 521793, "typical_volume": 610873.75, "trend": 180.319217, "fair_value": 163.827162, "relative_strength": -12.983072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.966613, "energy": 30.472955, "activity_lines": [ 171.421554, 172.712212, 175.172773, 176.97049 ] }, { "date": "2024-10-04", "close": 169.549473, "volume": 415917, "typical_volume": 607800.1, "trend": 179.475187, "fair_value": 163.910677, "relative_strength": -13.562649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.751624, "energy": 28.732823, "activity_lines": [ 171.282579, 171.722185, 174.509477, 176.275668 ] }, { "date": "2024-10-11", "close": 172.779261, "volume": 524109, "typical_volume": 615390.9, "trend": 178.965293, "fair_value": 164.019584, "relative_strength": -12.542027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.685089, "energy": 21.003468, "activity_lines": [ 171.771669, 171.501149, 174.211772, 175.843673 ] }, { "date": "2024-10-18", "close": 168.466488, "volume": 439335, "typical_volume": 616408.8, "trend": 178.064287, "fair_value": 164.095346, "relative_strength": -14.498313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.938294, "energy": 29.491781, "activity_lines": [ 170.593484, 170.674656, 173.514127, 175.166331 ] }, { "date": "2024-10-25", "close": 169.836991, "volume": 697637, "typical_volume": 630107.15, "trend": 177.15804, "fair_value": 164.200151, "relative_strength": -13.471142, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.508851, "energy": 28.697726, "activity_lines": [ 170.11812, 170.368139, 172.982998, 174.635537 ] }, { "date": "2024-11-01", "close": 172.961356, "volume": 1011186, "typical_volume": 656668.15, "trend": 176.46538, "fair_value": 164.378403, "relative_strength": -10.08136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.74042, "energy": 23.423156, "activity_lines": [ 170.97748, 170.98097, 172.785491, 174.364784 ] }, { "date": "2024-11-08", "close": 189.009662, "volume": 818248, "typical_volume": 676236.1, "trend": 176.562765, "fair_value": 164.643844, "relative_strength": -6.608389, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.221274, "energy": 15.77286, "activity_lines": [ 177.074463, 174.374989, 174.139849, 175.174092 ] }, { "date": "2024-11-15", "close": 173.229706, "volume": 670270, "typical_volume": 673152.35, "trend": 176.426261, "fair_value": 164.840311, "relative_strength": -11.110537, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.672882, "energy": 8.926865, "activity_lines": [ 176.614114, 174.423778, 173.942521, 174.959056 ] }, { "date": "2024-11-22", "close": 178.625464, "volume": 656018, "typical_volume": 685074.7, "trend": 176.464555, "fair_value": 165.073276, "relative_strength": -9.741276, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.174786, "energy": 17.260473, "activity_lines": [ 177.922322, 175.382781, 174.292195, 175.10094 ] }, { "date": "2024-11-29", "close": 178.107931, "volume": 517503, "typical_volume": 684176.8, "trend": 176.344209, "fair_value": 165.343379, "relative_strength": -10.442949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.696171, "energy": 20.095539, "activity_lines": [ 178.380754, 176.130067, 174.600188, 175.206964 ] }, { "date": "2024-12-06", "close": 173.140765, "volume": 490070, "typical_volume": 682533.5, "trend": 175.866292, "fair_value": 165.561975, "relative_strength": -15.3968, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.089552, "energy": 3.059762, "activity_lines": [ 176.632068, 175.903834, 174.433112, 175.000291 ] }, { "date": "2024-12-13", "close": 190.837287, "volume": 742736, "typical_volume": 684064.9, "trend": 176.169941, "fair_value": 165.843622, "relative_strength": -7.322235, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.585663, "energy": 32.851528, "activity_lines": [ 180.770261, 178.861393, 175.962123, 175.966161 ] }, { "date": "2024-12-20", "close": 174.06557, "volume": 823033, "typical_volume": 690444.8, "trend": 176.137213, "fair_value": 166.015895, "relative_strength": -13.347938, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.609012, "energy": 10.854883, "activity_lines": [ 179.196041, 178.382499, 175.840061, 175.830395 ] }, { "date": "2024-12-27", "close": 169.42228, "volume": 373366, "typical_volume": 679603.85, "trend": 175.917129, "fair_value": 166.138388, "relative_strength": -16.16495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.743588, "energy": 8.999301, "activity_lines": [ 176.018333, 177.035982, 175.316453, 175.397174 ] }, { "date": "2025-01-03", "close": 167.129535, "volume": 509779, "typical_volume": 677725.9, "trend": 175.574439, "fair_value": 166.216335, "relative_strength": -16.380233, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.500532, "energy": 21.24358, "activity_lines": [ 172.689923, 175.255224, 174.64086, 174.830232 ] }, { "date": "2025-01-10", "close": 160.627002, "volume": 610796, "typical_volume": 639205.85, "trend": 174.999106, "fair_value": 166.280994, "relative_strength": -17.492414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.033221, "energy": 45.182525, "activity_lines": [ 167.925894, 172.341415, 173.450872, 173.865882 ] }, { "date": "2025-01-17", "close": 164.827157, "volume": 477764, "typical_volume": 619231.0, "trend": 174.534856, "fair_value": 166.394454, "relative_strength": -17.398249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.449977, "energy": 55.738894, "activity_lines": [ 165.396169, 170.41553, 172.683836, 173.209627 ] }, { "date": "2025-01-24", "close": 165.694161, "volume": 567790, "typical_volume": 620681.8, "trend": 174.05183, "fair_value": 166.527727, "relative_strength": -17.826941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.571901, "energy": 57.776055, "activity_lines": [ 164.889453, 169.086965, 171.989821, 172.639259 ] }, { "date": "2025-01-31", "close": 162.553679, "volume": 694878, "typical_volume": 627452.1, "trend": 173.46285, "fair_value": 166.675257, "relative_strength": -17.67969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.124291, "energy": 58.430212, "activity_lines": [ 163.894003, 167.324413, 171.014045, 171.897443 ] }, { "date": "2025-02-07", "close": 181.791541, "volume": 1196237, "typical_volume": 637923.25, "trend": 173.599676, "fair_value": 166.922483, "relative_strength": -7.753568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.553267, "energy": 11.839969, "activity_lines": [ 169.769081, 169.351868, 171.916173, 172.434778 ] }, { "date": "2025-02-14", "close": 181.714474, "volume": 751124, "typical_volume": 649389.8, "trend": 173.810533, "fair_value": 167.14629, "relative_strength": -9.997656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.626568, "energy": 13.148531, "activity_lines": [ 174.641003, 171.298337, 172.774982, 172.958313 ] }, { "date": "2025-02-21", "close": 187.667904, "volume": 534880, "typical_volume": 655337.95, "trend": 174.08126, "fair_value": 167.371254, "relative_strength": -4.534536, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.338605, "energy": 34.55752, "activity_lines": [ 180.091571, 174.171361, 174.151117, 173.852337 ] }, { "date": "2025-02-28", "close": 184.146903, "volume": 748466, "typical_volume": 666555.8, "trend": 174.132595, "fair_value": 167.605533, "relative_strength": -2.635834, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.022928, "energy": 50.549349, "activity_lines": [ 182.845754, 176.461829, 175.10564, 174.501734 ] }, { "date": "2025-03-07", "close": 186.348131, "volume": 741306, "typical_volume": 681654.35, "trend": 174.232195, "fair_value": 167.903943, "relative_strength": 2.166487, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.281222, "energy": 66.462349, "activity_lines": [ 185.103498, 178.969223, 176.215672, 175.289833 ] }, { "date": "2025-03-14", "close": 174.276017, "volume": 646514, "typical_volume": 679098.2, "trend": 173.736146, "fair_value": 168.122335, "relative_strength": -1.665297, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.747853, "energy": 48.621209, "activity_lines": [ 181.750907, 178.973945, 176.090829, 175.29266 ] }, { "date": "2025-03-21", "close": 169.735663, "volume": 1248889, "typical_volume": 690983.35, "trend": 173.879213, "fair_value": 168.312384, "relative_strength": -4.027726, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.096543, "energy": 13.554826, "activity_lines": [ 177.385899, 178.023211, 175.512432, 175.034564 ] }, { "date": "2025-03-28", "close": 169.212893, "volume": 614609, "typical_volume": 680801.4, "trend": 174.092259, "fair_value": 168.491419, "relative_strength": -1.598552, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.876007, "energy": 10.816003, "activity_lines": [ 173.645222, 176.811817, 174.899608, 174.733511 ] }, { "date": "2025-04-04", "close": 174.063037, "volume": 983015, "typical_volume": 696438.65, "trend": 174.249894, "fair_value": 168.697043, "relative_strength": 12.483897, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.817417, "energy": 15.165548, "activity_lines": [ 172.751594, 176.402526, 174.842973, 174.731626 ] }, { "date": "2025-04-11", "close": 177.896683, "volume": 1073181, "typical_volume": 717296.8, "trend": 174.44124, "fair_value": 168.929814, "relative_strength": 7.134521, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.103547, "energy": 12.871806, "activity_lines": [ 173.808106, 176.5381, 175.14748, 174.966903 ] }, { "date": "2025-04-18", "close": 182.998531, "volume": 589979, "typical_volume": 720920.6, "trend": 174.733324, "fair_value": 169.186751, "relative_strength": 12.871028, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.461605, "energy": 15.699884, "activity_lines": [ 177.128663, 177.32232, 175.941346, 175.518986 ] }, { "date": "2025-04-25", "close": 184.14088, "volume": 785673, "typical_volume": 735700.75, "trend": 175.161881, "fair_value": 169.459607, "relative_strength": 6.874076, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.24314, "energy": 32.970615, "activity_lines": [ 180.248503, 178.292294, 176.820719, 176.125925 ] }, { "date": "2025-05-02", "close": 157.605464, "volume": 1855176, "typical_volume": 791322.75, "trend": 174.763747, "fair_value": 169.693776, "relative_strength": -11.114791, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.473587, "energy": 9.694797, "activity_lines": [ 173.562856, 174.39353, 175.120529, 174.993253 ] }, { "date": "2025-05-09", "close": 161.284215, "volume": 1128494, "typical_volume": 806595.8, "trend": 174.380579, "fair_value": 169.914155, "relative_strength": -8.412859, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.420187, "energy": 39.920753, "activity_lines": [ 168.877288, 171.71022, 173.928942, 174.123606 ] }, { "date": "2025-05-16", "close": 164.082003, "volume": 931200, "typical_volume": 834487.5, "trend": 174.234429, "fair_value": 170.254112, "relative_strength": -12.396019, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.196962, "energy": 54.243007, "activity_lines": [ 165.976237, 169.951284, 173.064675, 173.459182 ] }, { "date": "2025-05-23", "close": 158.767175, "volume": 607912, "typical_volume": 839394.15, "trend": 173.865436, "fair_value": 170.550701, "relative_strength": -12.851529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.28221, "energy": 65.258052, "activity_lines": [ 162.224556, 167.630854, 171.719664, 172.461294 ] }, { "date": "2025-05-30", "close": 162.058689, "volume": 562231, "typical_volume": 836965.9, "trend": 173.502013, "fair_value": 170.889619, "relative_strength": -12.355745, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.562277, "energy": 63.41691, "activity_lines": [ 161.18547, 166.19086, 170.727951, 171.699569 ] }, { "date": "2025-06-06", "close": 163.491466, "volume": 690834, "typical_volume": 847619.4, "trend": 172.651407, "fair_value": 171.227971, "relative_strength": -13.022908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.94287, "energy": 53.392557, "activity_lines": [ 162.096122, 165.150953, 169.865875, 171.053727 ] }, { "date": "2025-06-13", "close": 162.975475, "volume": 598878, "typical_volume": 849173.8, "trend": 172.309599, "fair_value": 171.541822, "relative_strength": -12.505839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.233692, "energy": 44.577142, "activity_lines": [ 162.442377, 164.121255, 168.961018, 170.429473 ] }, { "date": "2025-06-20", "close": 164.513714, "volume": 824108, "typical_volume": 855635.3, "trend": 171.839208, "fair_value": 171.817668, "relative_strength": -11.358001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.393223, "energy": 31.644806, "activity_lines": [ 163.188628, 163.572829, 168.215606, 169.926513 ] }, { "date": "2025-06-27", "close": 167.259179, "volume": 1038144, "typical_volume": 847730.65, "trend": 171.477582, "fair_value": 172.116883, "relative_strength": -13.124777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.449207, "energy": 21.798797, "activity_lines": [ 164.821253, 163.766905, 167.722333, 169.631027 ] }, { "date": "2025-07-04", "close": 175.261917, "volume": 642605, "typical_volume": 842304.7, "trend": 171.548287, "fair_value": 172.476758, "relative_strength": -10.051642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.062592, "energy": 12.075541, "activity_lines": [ 168.555324, 165.702194, 168.060428, 169.875178 ] }, { "date": "2025-07-11", "close": 169.955965, "volume": 732296, "typical_volume": 852175.5, "trend": 170.852243, "fair_value": 172.801032, "relative_strength": -12.194491, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.925047, "energy": 16.909204, "activity_lines": [ 169.640529, 166.8342, 167.92392, 169.772447 ] }, { "date": "2025-07-18", "close": 174.278612, "volume": 601146, "typical_volume": 844809.5, "trend": 170.859345, "fair_value": 173.155016, "relative_strength": -10.79619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.318523, "energy": 19.634263, "activity_lines": [ 171.73565, 168.527588, 168.283435, 169.993503 ] }, { "date": "2025-07-25", "close": 175.992094, "volume": 515475, "typical_volume": 833517.95, "trend": 171.078339, "fair_value": 173.503794, "relative_strength": -10.339386, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.604435, "energy": 24.478769, "activity_lines": [ 173.648388, 170.296256, 168.853131, 170.324648 ] }, { "date": "2025-08-01", "close": 172.175703, "volume": 673361, "typical_volume": 834860.3, "trend": 171.246544, "fair_value": 173.796021, "relative_strength": -9.813546, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.574735, "energy": 29.028948, "activity_lines": [ 173.523772, 171.154488, 169.108676, 170.395446 ] }, { "date": "2025-08-08", "close": 173.60685, "volume": 525779, "typical_volume": 798704.8, "trend": 171.679206, "fair_value": 174.047144, "relative_strength": -11.80791, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.340171, "energy": 31.303277, "activity_lines": [ 173.548436, 172.029137, 169.510522, 170.547724 ] }, { "date": "2025-08-15", "close": 175.524781, "volume": 561811, "typical_volume": 796064.9, "trend": 172.035793, "fair_value": 174.304144, "relative_strength": -10.781757, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.167893, "energy": 30.287393, "activity_lines": [ 174.322748, 173.042534, 170.076594, 170.795826 ] }, { "date": "2025-08-22", "close": 184.179811, "volume": 914043, "typical_volume": 792616.3, "trend": 172.651982, "fair_value": 174.466555, "relative_strength": -5.372211, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.8502, "energy": 42.060815, "activity_lines": [ 177.610815, 175.410785, 171.436897, 171.579311 ] }, { "date": "2025-08-29", "close": 177.773726, "volume": 849460, "typical_volume": 781430.25, "trend": 173.159317, "fair_value": 174.615572, "relative_strength": -8.245623, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.208682, "energy": 34.693428, "activity_lines": [ 178.103441, 176.22876, 172.138923, 171.909746 ] }, { "date": "2025-09-05", "close": 179.584564, "volume": 505165, "typical_volume": 777189.55, "trend": 173.085751, "fair_value": 174.745928, "relative_strength": -7.868278, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.261129, "energy": 40.074763, "activity_lines": [ 179.080905, 177.134887, 173.013994, 172.324278 ] }, { "date": "2025-09-12", "close": 179.101191, "volume": 602531, "typical_volume": 768032.45, "trend": 172.998641, "fair_value": 174.900217, "relative_strength": -9.473382, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.205305, "energy": 36.61688, "activity_lines": [ 179.403319, 177.729031, 173.859287, 172.712371 ] }, { "date": "2025-09-19", "close": 173.102447, "volume": 877338, "typical_volume": 719140.55, "trend": 172.513126, "fair_value": 175.067396, "relative_strength": -13.993294, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 49.039128, "energy": 26.057319, "activity_lines": [ 177.359864, 177.162688, 174.15727, 172.719068 ] }, { "date": "2025-09-26", "close": 168.561798, "volume": 548471, "typical_volume": 690139.4, "trend": 171.993622, "fair_value": 175.259, "relative_strength": -15.528556, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 20.647557, "energy": 12.251189, "activity_lines": [ 173.964347, 175.713565, 173.949015, 172.464144 ] }, { "date": "2025-10-03", "close": 164.892092, "volume": 569043, "typical_volume": 672031.55, "trend": 171.278421, "fair_value": 175.384314, "relative_strength": -17.995429, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.676335, "energy": 18.899092, "activity_lines": [ 170.386796, 173.701164, 173.356608, 172.00598 ] }, { "date": "2025-10-10", "close": 161.349604, "volume": 657338, "typical_volume": 674502.85, "trend": 170.847541, "fair_value": 175.442615, "relative_strength": -17.522186, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.044955, "energy": 34.159064, "activity_lines": [ 166.487191, 171.246493, 172.422965, 171.365411 ] }, { "date": "2025-10-17", "close": 164.725732, "volume": 583013, "typical_volume": 675541.95, "trend": 170.680543, "fair_value": 175.480916, "relative_strength": -17.474698, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.593253, "energy": 45.697826, "activity_lines": [ 164.928626, 169.602501, 171.79856, 170.970456 ] }, { "date": "2025-10-24", "close": 162.97406, "volume": 369771, "typical_volume": 659488.8, "trend": 170.472582, "fair_value": 175.454102, "relative_strength": -19.718205, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.880804, "energy": 51.875165, "activity_lines": [ 163.744535, 167.801498, 170.994629, 170.473264 ] }, { "date": "2025-10-31", "close": 153.432826, "volume": 688185, "typical_volume": 663954.15, "trend": 169.784908, "fair_value": 175.249422, "relative_strength": -25.364144, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.705083, "energy": 75.981983, "activity_lines": [ 160.055258, 164.493921, 169.284472, 169.373924 ] }, { "date": "2025-11-07", "close": 168.757515, "volume": 878962, "typical_volume": 666696.85, "trend": 169.480269, "fair_value": 175.1218, "relative_strength": -14.842058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.723392, "energy": 39.310509, "activity_lines": [ 162.482808, 164.531686, 169.079252, 169.307641 ] }, { "date": "2025-11-14", "close": 167.592996, "volume": 651841, "typical_volume": 647381.7, "trend": 168.966751, "fair_value": 174.983697, "relative_strength": -14.927642, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -26.224441, "energy": 22.194193, "activity_lines": [ 164.264491, 164.521652, 168.742916, 169.185881 ] }, { "date": "2025-11-21", "close": 167.994217, "volume": 598280, "typical_volume": 645165.45, "trend": 168.428529, "fair_value": 174.846096, "relative_strength": -11.639057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -12.792122, "energy": 13.156984, "activity_lines": [ 165.763688, 164.802596, 168.443202, 169.123137 ] }, { "date": "2025-11-28", "close": 163.365495, "volume": 403465, "typical_volume": 628723.9, "trend": 168.62053, "fair_value": 174.68462, "relative_strength": -17.692988, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -12.12121, "energy": 11.627647, "activity_lines": [ 165.502079, 164.443899, 167.737265, 168.79649 ] }, { "date": "2025-12-05", "close": 157.503752, "volume": 847007, "typical_volume": 641016.95, "trend": 168.494515, "fair_value": 174.502497, "relative_strength": -21.063424, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.423448, "energy": 28.343711, "activity_lines": [ 163.26046, 163.196466, 166.50445, 168.079278 ] }, { "date": "2025-12-12", "close": 164.386849, "volume": 842128, "typical_volume": 657349.6, "trend": 168.504677, "fair_value": 174.389266, "relative_strength": -15.54424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.319741, "energy": 28.05806, "activity_lines": [ 163.041811, 163.401561, 166.007049, 167.814268 ] }, { "date": "2025-12-19", "close": 166.602437, "volume": 933587, "typical_volume": 670360.9, "trend": 168.765852, "fair_value": 174.26428, "relative_strength": -14.532527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.878092, "energy": 26.000178, "activity_lines": [ 163.85307, 164.018676, 165.775919, 167.691543 ] }, { "date": "2025-12-26", "close": 163.313519, "volume": 487267, "typical_volume": 668435.3, "trend": 168.80768, "fair_value": 174.139238, "relative_strength": -16.920759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.300028, "energy": 25.859938, "activity_lines": [ 163.634059, 163.9423, 165.258099, 167.339779 ] }, { "date": "2026-01-02", "close": 162.033401, "volume": 476610, "typical_volume": 664175.25, "trend": 168.759077, "fair_value": 173.980806, "relative_strength": -15.817705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.330967, "energy": 23.327645, "activity_lines": [ 163.300389, 163.658851, 164.667378, 166.902729 ] }, { "date": "2026-01-09", "close": 165.371555, "volume": 680328, "typical_volume": 652489.5, "trend": 168.838947, "fair_value": 173.862067, "relative_strength": -15.657424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.273688, "energy": 15.365957, "activity_lines": [ 164.168244, 163.999443, 164.458821, 166.684179 ] }, { "date": "2026-01-16", "close": 165.519261, "volume": 494911, "typical_volume": 634762.05, "trend": 168.872465, "fair_value": 173.779141, "relative_strength": -14.581533, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.504645, "energy": 15.167475, "activity_lines": [ 164.560814, 164.149822, 164.353894, 166.470006 ] }, { "date": "2026-01-23", "close": 166.041155, "volume": 575283, "typical_volume": 638267.95, "trend": 168.831864, "fair_value": 173.706985, "relative_strength": -14.260525, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.817642, "energy": 9.545262, "activity_lines": [ 165.051854, 164.453969, 164.357027, 166.287341 ] }, { "date": "2026-01-30", "close": 168.946038, "volume": 797508, "typical_volume": 648016.8, "trend": 168.621335, "fair_value": 173.683506, "relative_strength": -12.418579, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.026775, "energy": 9.146217, "activity_lines": [ 166.548607, 165.314492, 164.701307, 166.294707 ] }, { "date": "2026-02-06", "close": 152.373433, "volume": 1877905, "typical_volume": 698045.15, "trend": 168.03525, "fair_value": 173.533181, "relative_strength": -18.926619, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.682923, "energy": 33.080985, "activity_lines": [ 162.145657, 163.144507, 163.515602, 165.246455 ] }, { "date": "2026-02-13", "close": 157.296964, "volume": 936947, "typical_volume": 717468.95, "trend": 167.469196, "fair_value": 173.374918, "relative_strength": -14.817504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.103143, "energy": 42.144748, "activity_lines": [ 160.027882, 162.069566, 162.897514, 164.553662 ] }, { "date": "2026-02-20", "close": 163.283978, "volume": 764475, "typical_volume": 727240.55, "trend": 167.045592, "fair_value": 173.278673, "relative_strength": -12.078251, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.01835, "energy": 37.268536, "activity_lines": [ 160.444085, 162.086933, 162.90326, 164.283648 ] }, { "date": "2026-02-27", "close": 161.826613, "volume": 1050278, "typical_volume": 746887.55, "trend": 166.700622, "fair_value": 173.186985, "relative_strength": -12.10342, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.911418, "energy": 37.998499, "activity_lines": [ 160.523518, 161.859377, 162.777867, 163.94694 ] }, { "date": "2026-03-06", "close": 160.851753, "volume": 745355, "typical_volume": 755004.65, "trend": 166.275452, "fair_value": 173.104796, "relative_strength": -10.898017, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.614379, "energy": 23.077312, "activity_lines": [ 160.558967, 161.541406, 162.557359, 163.569594 ] }, { "date": "2026-03-13", "close": 150.052344, "volume": 1343674, "typical_volume": 803699.8, "trend": 165.426371, "fair_value": 172.884406, "relative_strength": -15.428597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.649551, "energy": 35.438126, "activity_lines": [ 157.534233, 159.304666, 161.326783, 162.522941 ] }, { "date": "2026-03-20", "close": 142.750358, "volume": 2603426, "typical_volume": 899461.85, "trend": 164.045389, "fair_value": 172.559513, "relative_strength": -17.349882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.010665, "energy": 64.330338, "activity_lines": [ 152.230242, 155.958129, 159.462312, 161.059973 ] }, { "date": "2026-03-27", "close": 135.864496, "volume": 1359032, "typical_volume": 923465.35, "trend": 162.648415, "fair_value": 172.219954, "relative_strength": -18.072138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.265812, "energy": 80.019018, "activity_lines": [ 145.600738, 151.770912, 156.992913, 159.241851 ] }, { "date": "2026-04-03", "close": 140.332876, "volume": 1029018, "typical_volume": 942324.2, "trend": 161.340025, "fair_value": 171.923538, "relative_strength": -17.684118, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.066877, "energy": 79.739023, "activity_lines": [ 142.288659, 148.935305, 155.105708, 157.802139 ] }, { "date": "2026-04-10", "close": 140.689553, "volume": 1498543, "typical_volume": 987337.35, "trend": 160.059637, "fair_value": 171.643608, "relative_strength": -20.138618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.738577, "energy": 79.329717, "activity_lines": [ 140.528388, 146.631972, 153.382282, 156.46985 ] }, { "date": "2026-04-17", "close": 137.578531, "volume": 1769183, "typical_volume": 1055623.25, "trend": 158.875507, "fair_value": 171.292424, "relative_strength": -25.447143, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.040455, "energy": 77.467384, "activity_lines": [ 139.075256, 144.276753, 151.49259, 155.019456 ] }, { "date": "2026-04-24", "close": 126.303551, "volume": 1768539, "typical_volume": 1101699.85, "trend": 157.466898, "fair_value": 170.854346, "relative_strength": -32.10971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.183716, "energy": 76.540722, "activity_lines": [ 134.695386, 140.140535, 148.651886, 152.91804 ] }, { "date": "2026-05-01", "close": 123.232159, "volume": 1888778, "typical_volume": 1154032.35, "trend": 156.078234, "fair_value": 170.338585, "relative_strength": -34.133261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.707648, "energy": 78.006592, "activity_lines": [ 130.388172, 136.0094, 145.667241, 150.709347 ] }, { "date": "2026-05-08", "close": 112.640812, "volume": 2590980, "typical_volume": 1236902.0, "trend": 154.454608, "fair_value": 169.79795, "relative_strength": -42.239193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.617382, "energy": 92.833549, "activity_lines": [ 123.392664, 130.68078, 141.869871, 147.906932 ] }, { "date": "2026-05-15", "close": 112.957859, "volume": 1741907, "typical_volume": 1299634.0, "trend": 152.729012, "fair_value": 169.283392, "relative_strength": -41.243948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.600048, "energy": 91.866874, "activity_lines": [ 118.348977, 126.304091, 138.359656, 145.229723 ] }, { "date": "2026-05-22", "close": 113.938723, "volume": 1723455, "typical_volume": 1361976.25, "trend": 151.094501, "fair_value": 168.799703, "relative_strength": -40.797796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.32535, "energy": 89.363555, "activity_lines": [ 115.481024, 122.97654, 135.182645, 142.727124 ] }, { "date": "2026-05-29", "close": 110.906962, "volume": 1683404, "typical_volume": 1412130.05, "trend": 149.676972, "fair_value": 168.295984, "relative_strength": -43.331469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.411825, "energy": 89.985215, "activity_lines": [ 113.178471, 119.754371, 131.945918, 140.134379 ] }, { "date": "2026-06-05", "close": 107.36, "volume": 1775828, "typical_volume": 1476175.9, "trend": 147.630388, "fair_value": 167.795807, "relative_strength": -41.893368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.015774, "energy": 86.955828, "activity_lines": [ 110.720036, 116.466271, 128.63074, 137.404252 ] }, { "date": "2026-06-12", "close": 111.61, "volume": 1359335, "typical_volume": 1515378.5, "trend": 145.764288, "fair_value": 167.396515, "relative_strength": -40.27407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.566566, "energy": 75.812052, "activity_lines": [ 110.736413, 114.469161, 125.997272, 135.080356 ] }, { "date": "2026-06-19", "close": 107.06, "volume": 1956701, "typical_volume": 1573338.15, "trend": 143.733148, "fair_value": 166.882431, "relative_strength": -43.49196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.489835, "energy": 74.745083, "activity_lines": [ 109.304843, 112.167013, 123.189667, 132.583305 ] }, { "date": "2026-06-26", "close": 115.92, "volume": 2310763, "typical_volume": 1594981.05, "trend": 142.151631, "fair_value": 166.420588, "relative_strength": -35.241477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.797065, "energy": 62.904363, "activity_lines": [ 111.219797, 112.087221, 121.520568, 130.788908 ] }, { "date": "2026-07-03", "close": 115.79, "volume": 1237308, "typical_volume": 1609999.1, "trend": 140.761173, "fair_value": 166.028436, "relative_strength": -35.10864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.861441, "energy": 52.293493, "activity_lines": [ 112.959333, 112.377583, 120.012675, 129.088158 ] }, { "date": "2026-07-10", "close": 114.8, "volume": 1136889, "typical_volume": 1628619.8, "trend": 139.108278, "fair_value": 165.642282, "relative_strength": -36.073997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.075927, "energy": 44.642831, "activity_lines": [ 114.043333, 112.679101, 118.608148, 127.413244 ] }, { "date": "2026-07-17", "close": 107.14, "volume": 1587849, "typical_volume": 1655498.35, "trend": 137.126196, "fair_value": 165.168738, "relative_strength": -36.978428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.726445, "energy": 45.520174, "activity_lines": [ 112.078, 111.741203, 116.704974, 125.350774 ] }, { "date": "2026-07-24", "close": 107.19, "volume": 1269879, "typical_volume": 1681724.55, "trend": 135.255413, "fair_value": 164.704381, "relative_strength": -35.13421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.368841, "energy": 53.541397, "activity_lines": [ 110.427333, 110.912412, 115.066974, 123.419407 ] }, { "date": "2026-07-31", "close": 106.87, "volume": 1579716, "typical_volume": 1693526.65, "trend": 133.416632, "fair_value": 164.231083, "relative_strength": -34.868818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.480203, "energy": 55.719258, "activity_lines": [ 108.661333, 110.130308, 113.65403, 121.58809 ] }, { "date": "2026-08-07", "close": 113.48, "volume": 1452688, "typical_volume": 1635989.75, "trend": 131.686914, "fair_value": 163.840662, "relative_strength": -33.406353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.901705, "energy": 51.489543, "activity_lines": [ 109.702, 110.678545, 113.07624, 120.301855 ] } ], "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." } } }