{ "ticker": { "uuid": "07c58d99-6c19-4821-bea9-2d868547f939", "symbol": "IQVH", "name": "IQVIA Holdings Inc.", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 73.068, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 86.21, "architecture_energy": 93.528, "architecture_maturity": 30.0, "architecture_confidence": 68.473, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 8.68, "rotation_up": 87.09, "upward_expansion": 99.91, "deceleration": 39.02, "rotation_down": 8.43, "downward_expansion": 21.91 }, "activity_lines": [ 194.903336, 184.887275, 170.530716, 164.025808 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 204.100006, "trend_reference": 161.285001, "distance_from_trend": 0.265462, "trend_direction": "Weakening", "fair_value": 183.024359, "distance_from_fair_value": 0.115152, "fair_value_direction": "Improving", "relative_strength": -2.232731, "relative_strength_direction": "Improving", "price_momentum": 0.293409, "excess_performance": 0.119163, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.265462, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.033913, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.115152, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.305856, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.022327, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.192945, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.293409, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.95, "read": "Demand-led" } ], "volume": { "latest": 63, "relative_activity": 1.671088, "balance": 4.95, "dry_up": 1.976127, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.05806, "annualized_volatility": 0.422539, "from_high_reference": -0.059013, "from_low_reference": 0.567588 }, "levels": { "trend_reference": 161.285001, "fair_value_reference": 183.024359, "structural_low": 130.199997, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.024004, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": 0.003066, "regime_survival": 0.538462, "best_return": 0.119276, "worst_return": -0.113778, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.075118, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.076125, "regime_survival": 0.0, "best_return": 0.180306, "worst_return": -0.178563, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.049087, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.171094, "regime_survival": 0.2, "best_return": 0.029019, "worst_return": -0.138646, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.125483, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.187046, "regime_survival": 0.666667, "best_return": 0.067322, "worst_return": -0.247812, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-27", "end": "2024-11-01", "tenure": "Developing", "return": -0.094913, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-11-15", "tenure": "New", "return": -0.113194, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-01-31", "tenure": "Developing", "return": 0.00697, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.078211, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-07-18", "tenure": "Established", "return": -0.22764, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.064535, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-10-03", "tenure": "Developing", "return": 0.140528, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2025-12-26", "tenure": "Developing", "return": 0.080319, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": 0.087137, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-01-30", "tenure": "New", "return": -0.067646, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-03-13", "tenure": "Developing", "return": -0.085551, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-06-05", "tenure": "Developing", "return": 0.119205, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": 0.171935, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.119276, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 195.800003, "volume": 0, "typical_volume": 5.0, "trend": 192.132334, "fair_value": 193.454295, "relative_strength": 0.626025, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.416969, "energy": 23.041993, "activity_lines": [ 199.326668, 199.718183, 194.951906, 192.058259 ] }, { "date": "2023-08-25", "close": 202.0, "volume": 0, "typical_volume": 5.0, "trend": 191.869001, "fair_value": 193.883782, "relative_strength": 4.821583, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.415849, "energy": 31.952862, "activity_lines": [ 199.720001, 200.150911, 196.136668, 192.694883 ] }, { "date": "2023-09-01", "close": 208.0, "volume": 0, "typical_volume": 5.0, "trend": 191.420668, "fair_value": 194.351731, "relative_strength": 5.740073, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.432328, "energy": 46.833025, "activity_lines": [ 202.346667, 201.601819, 197.779525, 193.735592 ] }, { "date": "2023-09-08", "close": 200.0, "volume": 0, "typical_volume": 5.0, "trend": 191.059001, "fair_value": 194.761987, "relative_strength": 2.909769, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.194835, "energy": 36.810081, "activity_lines": [ 202.006667, 201.365455, 198.533811, 194.289098 ] }, { "date": "2023-09-15", "close": 200.5, "volume": 0, "typical_volume": 5.0, "trend": 190.949001, "fair_value": 195.181859, "relative_strength": 2.122573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.016926, "energy": 39.586158, "activity_lines": [ 201.753334, 201.320001, 199.254763, 194.898194 ] }, { "date": "2023-09-22", "close": 187.600006, "volume": 0, "typical_volume": 5.0, "trend": 190.586334, "fair_value": 195.55109, "relative_strength": -3.390533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.580743, "energy": 10.034958, "activity_lines": [ 197.200002, 198.880002, 198.561906, 194.68213 ] }, { "date": "2023-09-29", "close": 188.800003, "volume": 0, "typical_volume": 5.0, "trend": 189.991335, "fair_value": 195.895962, "relative_strength": -2.710707, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": -5.621734, "energy": 19.757783, "activity_lines": [ 193.593336, 196.803638, 197.896668, 194.566883 ] }, { "date": "2023-10-06", "close": 187.399994, "volume": 0, "typical_volume": 5.0, "trend": 190.009334, "fair_value": 196.186987, "relative_strength": -1.715026, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.793378, "energy": 29.910343, "activity_lines": [ 190.4, 194.776364, 197.02381, 194.3997 ] }, { "date": "2023-10-13", "close": 189.800003, "volume": 0, "typical_volume": 2.2, "trend": 190.330668, "fair_value": 196.493398, "relative_strength": -1.174679, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.244955, "energy": 36.335721, "activity_lines": [ 189.380001, 193.478183, 196.36143, 194.386195 ] }, { "date": "2023-10-20", "close": 174.199997, "volume": 0, "typical_volume": 2.2, "trend": 190.365334, "fair_value": 196.693398, "relative_strength": -5.730567, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.964232, "energy": 70.226347, "activity_lines": [ 183.839999, 189.507273, 194.194286, 193.345506 ] }, { "date": "2023-10-27", "close": 172.600006, "volume": 0, "typical_volume": 2.2, "trend": 190.070001, "fair_value": 196.940834, "relative_strength": -5.772802, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.307285, "energy": 78.65963, "activity_lines": [ 179.520001, 185.723638, 191.944287, 192.199356 ] }, { "date": "2023-11-03", "close": 185.199997, "volume": 53, "typical_volume": 4.85, "trend": 190.303334, "fair_value": 197.198526, "relative_strength": -3.914133, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.575436, "energy": 61.572665, "activity_lines": [ 180.4, 184.652728, 190.977144, 191.885162 ] }, { "date": "2023-11-10", "close": 180.600006, "volume": 0, "typical_volume": 4.85, "trend": 190.276668, "fair_value": 197.413911, "relative_strength": -6.443445, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.369319, "energy": 59.54362, "activity_lines": [ 179.986669, 183.050911, 189.632858, 191.259141 ] }, { "date": "2023-11-17", "close": 187.600006, "volume": 0, "typical_volume": 4.85, "trend": 190.430001, "fair_value": 197.686988, "relative_strength": -4.738604, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.301728, "energy": 32.55241, "activity_lines": [ 182.360004, 183.220002, 189.024764, 191.086453 ] }, { "date": "2023-11-24", "close": 193.199997, "volume": 0, "typical_volume": 4.85, "trend": 191.483334, "fair_value": 198.008782, "relative_strength": -1.109351, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -30.157704, "energy": 19.800971, "activity_lines": [ 186.746668, 184.632729, 189.035239, 191.265163 ] }, { "date": "2023-12-01", "close": 197.199997, "volume": 0, "typical_volume": 4.85, "trend": 192.410001, "fair_value": 198.369039, "relative_strength": -0.838644, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -8.943258, "energy": 18.312683, "activity_lines": [ 191.2, 186.905455, 189.448572, 191.633979 ] }, { "date": "2023-12-08", "close": 198.0, "volume": 0, "typical_volume": 4.85, "trend": 193.236668, "fair_value": 198.753654, "relative_strength": -0.484171, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 16.064514, "energy": 28.58988, "activity_lines": [ 194.28, 189.149091, 189.930477, 191.994625 ] }, { "date": "2023-12-15", "close": 208.0, "volume": 0, "typical_volume": 4.85, "trend": 194.050001, "fair_value": 199.14468, "relative_strength": 3.049571, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.367024, "energy": 43.672012, "activity_lines": [ 199.839999, 193.043637, 191.400477, 192.947098 ] }, { "date": "2023-12-22", "close": 208.5, "volume": 0, "typical_volume": 2.65, "trend": 194.806668, "fair_value": 199.551731, "relative_strength": 2.195035, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.297723, "energy": 66.078526, "activity_lines": [ 203.739999, 196.654546, 192.896667, 193.879356 ] }, { "date": "2023-12-29", "close": 208.5, "volume": 0, "typical_volume": 2.65, "trend": 195.463334, "fair_value": 199.971603, "relative_strength": 1.417434, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.429616, "energy": 69.204046, "activity_lines": [ 206.246666, 199.925455, 194.346667, 194.762796 ] }, { "date": "2024-01-05", "close": 201.0, "volume": 0, "typical_volume": 2.65, "trend": 195.830001, "fair_value": 200.266475, "relative_strength": -2.08805, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.716675, "energy": 59.265092, "activity_lines": [ 205.233333, 201.209091, 195.044286, 195.120001 ] }, { "date": "2024-01-12", "close": 194.600006, "volume": 0, "typical_volume": 2.65, "trend": 195.716668, "fair_value": 200.513911, "relative_strength": -4.188881, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.863275, "energy": 28.887208, "activity_lines": [ 201.833335, 200.812728, 195.10762, 195.040646 ] }, { "date": "2024-01-19", "close": 196.199997, "volume": 0, "typical_volume": 2.65, "trend": 195.750001, "fair_value": 200.784423, "relative_strength": -1.714396, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.114792, "energy": 13.653996, "activity_lines": [ 199.193334, 200.536364, 195.358572, 195.071829 ] }, { "date": "2024-01-26", "close": 200.5, "volume": 0, "typical_volume": 2.65, "trend": 195.583334, "fair_value": 201.120962, "relative_strength": -2.660054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.492391, "energy": 12.738279, "activity_lines": [ 198.773334, 200.758182, 196.075239, 195.37828 ] }, { "date": "2024-02-02", "close": 195.0, "volume": 0, "typical_volume": 2.65, "trend": 195.490001, "fair_value": 201.370962, "relative_strength": -4.650892, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -0.374827, "energy": 13.77611, "activity_lines": [ 197.053334, 199.745455, 196.265715, 195.340646 ] }, { "date": "2024-02-09", "close": 201.5, "volume": 0, "typical_volume": 2.65, "trend": 195.686667, "fair_value": 201.636988, "relative_strength": 0.968074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.594528, "energy": 19.684087, "activity_lines": [ 198.4, 199.881818, 197.101429, 195.728388 ] }, { "date": "2024-02-16", "close": 223.0, "volume": 0, "typical_volume": 2.65, "trend": 196.270001, "fair_value": 202.072885, "relative_strength": 9.91962, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 81.157979, "energy": 67.04906, "activity_lines": [ 206.88, 203.849091, 199.918572, 197.490538 ] }, { "date": "2024-02-23", "close": 228.5, "volume": 0, "typical_volume": 2.65, "trend": 197.103334, "fair_value": 202.524808, "relative_strength": 12.991184, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.431211, "energy": 86.355223, "activity_lines": [ 215.3, 208.361818, 203.096667, 199.569893 ] }, { "date": "2024-03-01", "close": 231.0, "volume": 0, "typical_volume": 2.65, "trend": 198.176667, "fair_value": 203.024808, "relative_strength": 14.072174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.772665, "energy": 93.556414, "activity_lines": [ 222.4, 212.956364, 206.317143, 201.756775 ] }, { "date": "2024-03-08", "close": 238.0, "volume": 0, "typical_volume": 2.65, "trend": 199.426667, "fair_value": 203.544039, "relative_strength": 16.92203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.71493, "energy": 94.099071, "activity_lines": [ 229.8, 218.414546, 210.008095, 204.326022 ] }, { "date": "2024-03-15", "close": 232.5, "volume": 0, "typical_volume": 2.65, "trend": 200.65, "fair_value": 204.015193, "relative_strength": 12.78356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.162975, "energy": 88.182829, "activity_lines": [ 232.5, 222.336364, 212.871429, 206.459785 ] }, { "date": "2024-03-22", "close": 235.0, "volume": 0, "typical_volume": 0.0, "trend": 201.75, "fair_value": 204.489552, "relative_strength": 10.739032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.488725, "energy": 87.593106, "activity_lines": [ 233.966667, 226.14, 215.687619, 208.675914 ] }, { "date": "2024-03-29", "close": 234.0, "volume": 0, "typical_volume": 0.0, "trend": 202.616667, "fair_value": 204.911988, "relative_strength": 8.800294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.887934, "energy": 67.08053, "activity_lines": [ 234.3, 229.027273, 218.171429, 210.756559 ] }, { "date": "2024-04-05", "close": 223.0, "volume": 0, "typical_volume": 0.0, "trend": 203.383334, "fair_value": 205.224488, "relative_strength": 2.570497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.759686, "energy": 55.617159, "activity_lines": [ 230.6, 229.227273, 219.353333, 212.071613 ] }, { "date": "2024-04-12", "close": 221.0, "volume": 0, "typical_volume": 0.0, "trend": 204.066667, "fair_value": 205.48859, "relative_strength": 1.77929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.854182, "energy": 42.815735, "activity_lines": [ 226.766667, 228.654545, 220.176191, 213.208172 ] }, { "date": "2024-04-19", "close": 215.199997, "volume": 0, "typical_volume": 0.0, "trend": 204.986667, "fair_value": 205.640193, "relative_strength": -0.536689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.286998, "energy": 26.302273, "activity_lines": [ 222.133332, 226.554545, 220.314285, 213.926452 ] }, { "date": "2024-04-26", "close": 221.0, "volume": 0, "typical_volume": 0.0, "trend": 206.06, "fair_value": 205.80718, "relative_strength": 1.414344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.606535, "energy": 28.376915, "activity_lines": [ 220.586666, 225.26, 220.919047, 214.95957 ] }, { "date": "2024-05-03", "close": 209.199997, "volume": 0, "typical_volume": 0.0, "trend": 206.786667, "fair_value": 205.917116, "relative_strength": -5.30724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.505803, "energy": 21.234091, "activity_lines": [ 216.039998, 221.856363, 220.290476, 215.16215 ] }, { "date": "2024-05-10", "close": 215.600006, "volume": 0, "typical_volume": 0.0, "trend": 207.646667, "fair_value": 206.067116, "relative_strength": -5.058433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.195467, "energy": 20.006372, "activity_lines": [ 215.280001, 219.967273, 220.265714, 215.730753 ] }, { "date": "2024-05-17", "close": 215.0, "volume": 0, "typical_volume": 0.0, "trend": 209.006667, "fair_value": 206.184423, "relative_strength": -6.914822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.933323, "energy": 19.362783, "activity_lines": [ 214.813334, 218.249091, 220.15, 216.205161 ] }, { "date": "2024-05-24", "close": 211.100006, "volume": 0, "typical_volume": 0.0, "trend": 210.29, "fair_value": 206.278975, "relative_strength": -8.412648, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.860489, "energy": 22.234924, "activity_lines": [ 213.446669, 216.240001, 219.631905, 216.340216 ] }, { "date": "2024-05-31", "close": 200.5, "volume": 0, "typical_volume": 0.0, "trend": 210.8, "fair_value": 206.330577, "relative_strength": -11.465377, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.725651, "energy": 52.188562, "activity_lines": [ 208.820002, 212.692728, 218.056191, 215.708603 ] }, { "date": "2024-06-07", "close": 202.399994, "volume": 0, "typical_volume": 0.0, "trend": 211.526667, "fair_value": 206.347564, "relative_strength": -9.765937, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.321696, "energy": 61.980291, "activity_lines": [ 206.193333, 210.118182, 216.633333, 215.166667 ] }, { "date": "2024-06-14", "close": 197.850006, "volume": 0, "typical_volume": 0.0, "trend": 211.868333, "fair_value": 206.297244, "relative_strength": -8.516224, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.237056, "energy": 69.575027, "activity_lines": [ 202.503335, 207.29091, 214.74762, 214.284301 ] }, { "date": "2024-06-21", "close": 202.899994, "volume": 0, "typical_volume": 0.0, "trend": 212.191667, "fair_value": 206.294039, "relative_strength": -7.459522, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.631954, "energy": 67.572614, "activity_lines": [ 201.679999, 205.839091, 213.355476, 213.705699 ] }, { "date": "2024-06-28", "close": 199.399994, "volume": 0, "typical_volume": 0.0, "trend": 212.265, "fair_value": 206.233782, "relative_strength": -9.22318, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.737304, "energy": 65.605257, "activity_lines": [ 200.496663, 204.079999, 211.59238, 212.88043 ] }, { "date": "2024-07-05", "close": 190.800003, "volume": 0, "typical_volume": 0.0, "trend": 212.025, "fair_value": 206.102372, "relative_strength": -15.13695, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.923966, "energy": 86.069737, "activity_lines": [ 197.226665, 201.044545, 209.020238, 211.495591 ] }, { "date": "2024-07-12", "close": 205.5, "volume": 0, "typical_volume": 0.0, "trend": 211.941667, "fair_value": 206.077372, "relative_strength": -8.356357, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.515641, "energy": 50.103659, "activity_lines": [ 199.503333, 201.230908, 208.001428, 211.074623 ] }, { "date": "2024-07-19", "close": 204.0, "volume": 0, "typical_volume": 0.0, "trend": 211.791667, "fair_value": 206.029295, "relative_strength": -7.923804, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.823767, "energy": 43.248683, "activity_lines": [ 201.073333, 201.211818, 206.949285, 210.562258 ] }, { "date": "2024-07-26", "close": 217.199997, "volume": 0, "typical_volume": 0.0, "trend": 212.081667, "fair_value": 206.078654, "relative_strength": -1.834165, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.022887, "energy": 14.569968, "activity_lines": [ 206.633332, 203.803635, 207.282857, 210.911182 ] }, { "date": "2024-08-02", "close": 217.5, "volume": 0, "typical_volume": 0.0, "trend": 212.631667, "fair_value": 206.127372, "relative_strength": 2.34672, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.22485, "energy": 20.963684, "activity_lines": [ 211.339999, 206.409999, 207.744047, 211.260752 ] }, { "date": "2024-08-09", "close": 216.100006, "volume": 233, "typical_volume": 11.65, "trend": 213.348333, "fair_value": 206.170962, "relative_strength": 0.803903, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 18.452014, "energy": 28.812104, "activity_lines": [ 214.373335, 208.645455, 208.143333, 211.484516 ] }, { "date": "2024-08-16", "close": 217.100006, "volume": 0, "typical_volume": 11.65, "trend": 214.045, "fair_value": 206.170321, "relative_strength": -0.472279, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.632592, "energy": 32.963692, "activity_lines": [ 216.053337, 210.779092, 208.727858, 211.72656 ] }, { "date": "2024-08-23", "close": 222.399994, "volume": 0, "typical_volume": 11.65, "trend": 214.775, "fair_value": 206.193398, "relative_strength": 0.391302, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.94338, "energy": 43.339395, "activity_lines": [ 218.726667, 213.609091, 209.897619, 212.265591 ] }, { "date": "2024-08-30", "close": 223.300003, "volume": 0, "typical_volume": 11.65, "trend": 215.718333, "fair_value": 206.199808, "relative_strength": -0.107802, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.901222, "energy": 53.75727, "activity_lines": [ 220.473335, 216.156365, 211.155953, 212.815592 ] }, { "date": "2024-09-06", "close": 219.399994, "volume": 0, "typical_volume": 11.65, "trend": 216.315, "fair_value": 206.176731, "relative_strength": 2.297043, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.066261, "energy": 41.115129, "activity_lines": [ 220.513332, 217.623636, 212.031905, 213.053118 ] }, { "date": "2024-09-13", "close": 214.699997, "volume": 0, "typical_volume": 11.65, "trend": 216.038333, "fair_value": 206.153654, "relative_strength": -0.379432, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.863808, "energy": 24.170679, "activity_lines": [ 218.859998, 217.872726, 212.440238, 212.948924 ] }, { "date": "2024-09-20", "close": 215.399994, "volume": 0, "typical_volume": 11.65, "trend": 215.601666, "fair_value": 206.108141, "relative_strength": -0.411501, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.457381, "energy": 14.83691, "activity_lines": [ 217.533329, 217.814544, 212.945237, 212.907741 ] }, { "date": "2024-09-27", "close": 212.300003, "volume": 0, "typical_volume": 11.65, "trend": 214.978333, "fair_value": 206.145321, "relative_strength": -2.672122, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.088992, "energy": 7.592398, "activity_lines": [ 215.286665, 217.012726, 213.125475, 212.694731 ] }, { "date": "2024-10-04", "close": 208.699997, "volume": 0, "typical_volume": 11.65, "trend": 214.001666, "fair_value": 206.134423, "relative_strength": -3.229276, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.245109, "energy": 14.360854, "activity_lines": [ 212.513331, 215.405453, 212.97857, 212.289677 ] }, { "date": "2024-10-11", "close": 211.699997, "volume": 0, "typical_volume": 11.65, "trend": 213.308333, "fair_value": 206.117116, "relative_strength": -1.933808, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.17598, "energy": 13.631977, "activity_lines": [ 211.713331, 214.49818, 213.14738, 212.141182 ] }, { "date": "2024-10-18", "close": 217.399994, "volume": 0, "typical_volume": 11.65, "trend": 212.721666, "fair_value": 206.081218, "relative_strength": 0.273333, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.463222, "energy": 9.198419, "activity_lines": [ 213.326663, 214.732724, 213.856189, 212.40516 ] }, { "date": "2024-10-25", "close": 198.300003, "volume": 93, "typical_volume": 16.3, "trend": 211.531666, "fair_value": 205.922885, "relative_strength": -7.352226, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.398911, "energy": 30.831294, "activity_lines": [ 208.393332, 211.470907, 212.665475, 211.47473 ] }, { "date": "2024-11-01", "close": 192.149994, "volume": 408, "typical_volume": 36.7, "trend": 210.503333, "fair_value": 205.781539, "relative_strength": -8.7297, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -50.906973, "energy": 56.286302, "activity_lines": [ 202.549997, 207.432725, 210.90857, 210.2243 ] }, { "date": "2024-11-08", "close": 205.399994, "volume": 4, "typical_volume": 36.9, "trend": 209.983332, "fair_value": 205.678334, "relative_strength": -3.07486, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.400977, "energy": 46.0293, "activity_lines": [ 202.466663, 206.353633, 210.440712, 209.895052 ] }, { "date": "2024-11-15", "close": 182.149994, "volume": 0, "typical_volume": 36.9, "trend": 208.881666, "fair_value": 205.322885, "relative_strength": -14.016039, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.928187, "energy": 77.777594, "activity_lines": [ 194.853329, 201.372723, 207.746664, 208.099353 ] }, { "date": "2024-11-22", "close": 193.699997, "volume": 0, "typical_volume": 36.9, "trend": 207.971665, "fair_value": 205.069039, "relative_strength": -7.82778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.767401, "energy": 67.050196, "activity_lines": [ 193.059996, 199.169087, 206.234759, 207.11989 ] }, { "date": "2024-11-29", "close": 191.399994, "volume": 0, "typical_volume": 36.9, "trend": 207.378332, "fair_value": 204.820962, "relative_strength": -8.934265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.836415, "energy": 58.918427, "activity_lines": [ 192.079995, 196.929087, 204.489997, 206.05075 ] }, { "date": "2024-12-06", "close": 191.100006, "volume": 0, "typical_volume": 36.9, "trend": 206.561665, "fair_value": 204.529295, "relative_strength": -10.020686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.8927, "energy": 62.130469, "activity_lines": [ 191.459999, 195.070907, 202.783807, 205.000536 ] }, { "date": "2024-12-13", "close": 190.949997, "volume": 38, "typical_volume": 38.8, "trend": 205.759999, "fair_value": 204.233462, "relative_strength": -11.403162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.532437, "energy": 42.799707, "activity_lines": [ 190.859999, 193.570907, 201.124759, 203.993331 ] }, { "date": "2024-12-20", "close": 189.800003, "volume": 0, "typical_volume": 38.8, "trend": 205.049999, "fair_value": 203.871923, "relative_strength": -10.264225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.095395, "energy": 41.827967, "activity_lines": [ 190.84, 192.184544, 199.481188, 202.963654 ] }, { "date": "2024-12-27", "close": 191.600006, "volume": 0, "typical_volume": 27.15, "trend": 204.753332, "fair_value": 203.514231, "relative_strength": -10.2025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.810508, "energy": 38.778006, "activity_lines": [ 190.910003, 191.523636, 198.140951, 202.095913 ] }, { "date": "2025-01-03", "close": 189.699997, "volume": 0, "typical_volume": 27.15, "trend": 204.329999, "fair_value": 203.275128, "relative_strength": -11.396571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.183016, "energy": 38.643167, "activity_lines": [ 190.486668, 190.986363, 196.736427, 201.12473 ] }, { "date": "2025-01-10", "close": 199.899994, "volume": 0, "typical_volume": 27.15, "trend": 204.398332, "fair_value": 203.173846, "relative_strength": -6.57229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.988406, "energy": 25.111113, "activity_lines": [ 193.576665, 192.459999, 196.433808, 200.838923 ] }, { "date": "2025-01-17", "close": 192.550003, "volume": 31, "typical_volume": 28.7, "trend": 204.053332, "fair_value": 203.023526, "relative_strength": -12.856832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.71242, "energy": 21.518488, "activity_lines": [ 193.63, 192.456363, 195.538332, 200.074515 ] }, { "date": "2025-01-24", "close": 194.600006, "volume": 0, "typical_volume": 28.7, "trend": 203.893332, "fair_value": 202.928013, "relative_strength": -13.199436, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.795619, "energy": 18.598799, "activity_lines": [ 194.260002, 193.059092, 194.984523, 199.464623 ] }, { "date": "2025-01-31", "close": 195.050003, "volume": 3, "typical_volume": 28.85, "trend": 204.034999, "fair_value": 202.782821, "relative_strength": -13.252923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.156495, "energy": 18.023812, "activity_lines": [ 194.720002, 193.517274, 194.591667, 198.894085 ] }, { "date": "2025-02-07", "close": 200.100006, "volume": 49, "typical_volume": 31.3, "trend": 203.854999, "fair_value": 202.662949, "relative_strength": -11.105597, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.513035, "energy": 10.252774, "activity_lines": [ 196.633337, 194.869093, 194.773334, 198.640215 ] }, { "date": "2025-02-14", "close": 187.0, "volume": 1, "typical_volume": 31.35, "trend": 203.288333, "fair_value": 202.583782, "relative_strength": -20.566174, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.11119, "energy": 26.662329, "activity_lines": [ 193.48667, 193.680911, 193.780239, 197.552796 ] }, { "date": "2025-02-21", "close": 184.449997, "volume": 0, "typical_volume": 31.35, "trend": 202.196666, "fair_value": 202.448205, "relative_strength": -20.388695, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.682521, "energy": 41.967456, "activity_lines": [ 190.350001, 192.103638, 192.664762, 196.337419 ] }, { "date": "2025-02-28", "close": 179.449997, "volume": 0, "typical_volume": 31.35, "trend": 200.928333, "fair_value": 202.263269, "relative_strength": -23.755075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.090927, "energy": 65.386662, "activity_lines": [ 186.086666, 189.735455, 191.188572, 194.869892 ] }, { "date": "2025-03-07", "close": 171.300003, "volume": 53, "typical_volume": 34.0, "trend": 199.434999, "fair_value": 202.09468, "relative_strength": -28.904095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.373345, "energy": 81.751472, "activity_lines": [ 180.116667, 186.073637, 189.089762, 192.958387 ] }, { "date": "2025-03-14", "close": 169.050003, "volume": 18, "typical_volume": 30.25, "trend": 197.833332, "fair_value": 201.871282, "relative_strength": -29.255102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.775202, "energy": 84.855969, "activity_lines": [ 174.980001, 182.371819, 186.996191, 190.998065 ] }, { "date": "2025-03-21", "close": 169.449997, "volume": 0, "typical_volume": 9.85, "trend": 196.068332, "fair_value": 201.665833, "relative_strength": -27.766518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.813749, "energy": 85.476469, "activity_lines": [ 172.046666, 179.118182, 185.080001, 189.166882 ] }, { "date": "2025-03-28", "close": 164.100006, "volume": 0, "typical_volume": 9.65, "trend": 194.094999, "fair_value": 201.336026, "relative_strength": -27.968655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.865706, "energy": 86.884347, "activity_lines": [ 168.500002, 175.445456, 182.762382, 187.104409 ] }, { "date": "2025-04-04", "close": 144.399994, "volume": 9, "typical_volume": 10.1, "trend": 191.594999, "fair_value": 200.772564, "relative_strength": -29.053039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.190763, "energy": 94.342253, "activity_lines": [ 159.743333, 168.708182, 178.765239, 183.89828 ] }, { "date": "2025-04-11", "close": 125.150002, "volume": 29, "typical_volume": 11.55, "trend": 188.609999, "fair_value": 200.145321, "relative_strength": -37.102633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.758735, "energy": 97.67796, "activity_lines": [ 146.906667, 159.383637, 173.114525, 179.611506 ] }, { "date": "2025-04-18", "close": 128.350006, "volume": 37, "typical_volume": 13.4, "trend": 185.708333, "fair_value": 199.596923, "relative_strength": -38.163598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.971118, "energy": 95.330747, "activity_lines": [ 138.213335, 151.911819, 168.095001, 175.723764 ] }, { "date": "2025-04-25", "close": 130.800003, "volume": 0, "typical_volume": 13.4, "trend": 182.991666, "fair_value": 199.065192, "relative_strength": -38.570298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.547291, "energy": 90.749975, "activity_lines": [ 133.050003, 146.190002, 163.609049, 172.181291 ] }, { "date": "2025-05-02", "close": 134.850006, "volume": 0, "typical_volume": 11.5, "trend": 180.53, "fair_value": 198.635705, "relative_strength": -36.976692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.42849, "energy": 88.226469, "activity_lines": [ 131.813337, 142.226366, 159.795954, 169.075378 ] }, { "date": "2025-05-09", "close": 134.75, "volume": 373, "typical_volume": 30.15, "trend": 177.965, "fair_value": 198.206218, "relative_strength": -39.195058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.704031, "energy": 79.068685, "activity_lines": [ 132.493336, 139.146366, 156.240478, 166.121829 ] }, { "date": "2025-05-16", "close": 127.75, "volume": 0, "typical_volume": 30.15, "trend": 174.976667, "fair_value": 197.811026, "relative_strength": -43.403712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.402551, "energy": 68.579542, "activity_lines": [ 131.483335, 135.606366, 152.280478, 162.882152 ] }, { "date": "2025-05-23", "close": 120.0, "volume": 0, "typical_volume": 30.15, "trend": 172.366667, "fair_value": 197.285705, "relative_strength": -45.58075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.489748, "energy": 70.501814, "activity_lines": [ 127.716668, 131.449093, 147.88643, 159.33527 ] }, { "date": "2025-05-30", "close": 123.25, "volume": 0, "typical_volume": 30.15, "trend": 170.07, "fair_value": 196.768398, "relative_strength": -44.086139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.085884, "energy": 66.891826, "activity_lines": [ 125.59, 128.774547, 144.133811, 156.166453 ] }, { "date": "2025-06-06", "close": 133.149994, "volume": 0, "typical_volume": 28.6, "trend": 167.661667, "fair_value": 196.353975, "relative_strength": -39.300916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.840764, "energy": 63.313003, "activity_lines": [ 127.266665, 128.74, 141.689048, 153.784517 ] }, { "date": "2025-06-13", "close": 136.899994, "volume": 0, "typical_volume": 28.6, "trend": 166.153334, "fair_value": 196.003462, "relative_strength": -35.629474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.0361, "energy": 55.152793, "activity_lines": [ 130.306663, 129.949999, 139.884286, 151.799893 ] }, { "date": "2025-06-20", "close": 134.75, "volume": 0, "typical_volume": 28.45, "trend": 164.188334, "fair_value": 195.568205, "relative_strength": -35.698593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.83269, "energy": 43.86178, "activity_lines": [ 132.486664, 130.905453, 138.149524, 149.773871 ] }, { "date": "2025-06-27", "close": 134.550003, "volume": 0, "typical_volume": 26.0, "trend": 162.293334, "fair_value": 195.114039, "relative_strength": -36.390516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.134552, "energy": 33.126528, "activity_lines": [ 134.133332, 131.649999, 136.682857, 147.861721 ] }, { "date": "2025-07-04", "close": 138.649994, "volume": 0, "typical_volume": 25.95, "trend": 160.545, "fair_value": 194.614359, "relative_strength": -33.405461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.730083, "energy": 26.852599, "activity_lines": [ 136.176664, 133.027271, 135.918809, 146.336344 ] }, { "date": "2025-07-11", "close": 138.449997, "volume": 0, "typical_volume": 25.95, "trend": 158.795, "fair_value": 194.118526, "relative_strength": -34.314215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.897001, "energy": 24.839892, "activity_lines": [ 137.126664, 134.225452, 135.365952, 144.91086 ] }, { "date": "2025-07-18", "close": 138.600006, "volume": 0, "typical_volume": 25.95, "trend": 157.088334, "fair_value": 193.604103, "relative_strength": -33.606971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.820502, "energy": 18.666338, "activity_lines": [ 137.773334, 135.385454, 135.046428, 143.607957 ] }, { "date": "2025-07-25", "close": 167.350006, "volume": 75, "typical_volume": 27.05, "trend": 156.280001, "fair_value": 193.185192, "relative_strength": -20.671728, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": 24.806213, "energy": 32.684817, "activity_lines": [ 147.890002, 141.702728, 137.659524, 144.27 ] }, { "date": "2025-08-01", "close": 156.550003, "volume": 0, "typical_volume": 26.15, "trend": 155.175001, "fair_value": 192.718526, "relative_strength": -22.967656, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": 12.633784, "energy": 32.93649, "activity_lines": [ 152.233336, 145.336365, 139.262858, 144.28742 ] }, { "date": "2025-08-08", "close": 153.350006, "volume": 0, "typical_volume": 26.15, "trend": 153.623334, "fair_value": 192.188398, "relative_strength": -27.900414, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.189544, "energy": 39.381767, "activity_lines": [ 154.043338, 147.723639, 140.620953, 144.169678 ] }, { "date": "2025-08-15", "close": 163.300003, "volume": 0, "typical_volume": 26.15, "trend": 152.648335, "fair_value": 191.715321, "relative_strength": -24.363658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.182917, "energy": 64.476958, "activity_lines": [ 158.190004, 151.37273, 143.003335, 144.79398 ] }, { "date": "2025-08-22", "close": 163.850006, "volume": 96, "typical_volume": 30.5, "trend": 151.623334, "fair_value": 191.3025, "relative_strength": -22.286479, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.295827, "energy": 62.880505, "activity_lines": [ 160.863338, 154.57364, 145.441907, 145.516668 ] }, { "date": "2025-08-29", "close": 163.25, "volume": 0, "typical_volume": 29.05, "trend": 150.563334, "fair_value": 190.99, "relative_strength": -18.817536, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.000067, "energy": 61.42, "activity_lines": [ 161.653337, 157.175458, 147.730716, 146.266776 ] }, { "date": "2025-09-05", "close": 158.649994, "volume": 0, "typical_volume": 27.2, "trend": 149.181667, "fair_value": 190.585513, "relative_strength": -19.871647, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.292076, "energy": 54.600298, "activity_lines": [ 161.183333, 158.422729, 149.400001, 146.788496 ] }, { "date": "2025-09-12", "close": 159.399994, "volume": 100, "typical_volume": 32.2, "trend": 148.261667, "fair_value": 190.303782, "relative_strength": -19.455563, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.094013, "energy": 39.772793, "activity_lines": [ 160.823331, 159.368182, 150.996429, 147.447742 ] }, { "date": "2025-09-19", "close": 160.050003, "volume": 100, "typical_volume": 37.2, "trend": 147.448334, "fair_value": 190.090898, "relative_strength": -17.863001, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.777237, "energy": 43.163433, "activity_lines": [ 160.276665, 160.054546, 152.518572, 148.20828 ] }, { "date": "2025-09-26", "close": 152.899994, "volume": 0, "typical_volume": 18.55, "trend": 146.563334, "fair_value": 189.84718, "relative_strength": -21.048603, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 42.333965, "energy": 28.681698, "activity_lines": [ 157.56333, 159.048181, 153.239762, 148.56 ] }, { "date": "2025-10-03", "close": 174.899994, "volume": 0, "typical_volume": 18.55, "trend": 146.683334, "fair_value": 189.777436, "relative_strength": -10.767159, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 76.227425, "energy": 47.061876, "activity_lines": [ 162.913329, 161.781816, 155.969761, 150.388172 ] }, { "date": "2025-10-10", "close": 175.550003, "volume": 0, "typical_volume": 18.55, "trend": 146.9, "fair_value": 189.755064, "relative_strength": -7.80536, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.619751, "energy": 53.219116, "activity_lines": [ 167.703332, 164.496362, 158.537143, 152.250538 ] }, { "date": "2025-10-17", "close": 175.050003, "volume": 93, "typical_volume": 23.2, "trend": 147.086667, "fair_value": 189.741667, "relative_strength": -5.325929, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.33014, "energy": 66.487565, "activity_lines": [ 171.2, 166.774544, 160.792381, 154.066667 ] }, { "date": "2025-10-24", "close": 190.449997, "volume": 0, "typical_volume": 23.2, "trend": 147.965, "fair_value": 189.636859, "relative_strength": 1.767162, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.188682, "energy": 94.539514, "activity_lines": [ 178.786666, 171.45818, 164.267619, 156.864301 ] }, { "date": "2025-10-31", "close": 187.350006, "volume": 112, "typical_volume": 28.8, "trend": 149.396667, "fair_value": 189.532372, "relative_strength": -2.117005, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.198457, "energy": 91.022222, "activity_lines": [ 183.313335, 175.084545, 167.174762, 159.405269 ] }, { "date": "2025-11-07", "close": 181.0, "volume": 0, "typical_volume": 28.8, "trend": 151.258334, "fair_value": 189.284295, "relative_strength": -3.437992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.36122, "energy": 86.125416, "activity_lines": [ 183.426668, 177.129091, 169.236905, 161.444194 ] }, { "date": "2025-11-14", "close": 192.399994, "volume": 0, "typical_volume": 28.8, "trend": 153.393333, "fair_value": 189.215385, "relative_strength": 1.116893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.900789, "energy": 90.796098, "activity_lines": [ 186.933332, 180.923636, 172.164523, 164.098494 ] }, { "date": "2025-11-21", "close": 192.600006, "volume": 0, "typical_volume": 28.8, "trend": 155.453334, "fair_value": 189.096795, "relative_strength": 3.320071, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.189355, "energy": 71.972979, "activity_lines": [ 189.383334, 184.14091, 174.835714, 166.627957 ] }, { "date": "2025-11-28", "close": 199.25, "volume": 0, "typical_volume": 28.8, "trend": 157.6, "fair_value": 189.059936, "relative_strength": 2.908166, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.351629, "energy": 70.294228, "activity_lines": [ 192.880001, 187.963637, 177.883333, 169.453549 ] }, { "date": "2025-12-05", "close": 193.300003, "volume": 0, "typical_volume": 28.8, "trend": 159.551667, "fair_value": 189.022757, "relative_strength": -0.825941, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.394422, "energy": 64.285203, "activity_lines": [ 193.806668, 189.991819, 180.074762, 171.756775 ] }, { "date": "2025-12-12", "close": 191.600006, "volume": 0, "typical_volume": 25.05, "trend": 161.68, "fair_value": 189.013398, "relative_strength": -1.377319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.950083, "energy": 59.557416, "activity_lines": [ 193.770003, 190.976366, 181.84381, 173.824409 ] }, { "date": "2025-12-19", "close": 189.550003, "volume": 25, "typical_volume": 26.3, "trend": 163.998334, "fair_value": 188.998975, "relative_strength": -4.074004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.146317, "energy": 53.371818, "activity_lines": [ 192.343337, 191.284548, 183.302144, 175.622474 ] }, { "date": "2025-12-26", "close": 189.649994, "volume": 0, "typical_volume": 26.3, "trend": 166.211667, "fair_value": 188.976731, "relative_strength": -3.436777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.929736, "energy": 42.129697, "activity_lines": [ 191.14, 191.356365, 184.612858, 177.27742 ] }, { "date": "2026-01-02", "close": 192.800003, "volume": 0, "typical_volume": 26.3, "trend": 168.2, "fair_value": 188.981218, "relative_strength": -2.955963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.668008, "energy": 42.738183, "activity_lines": [ 191.183334, 191.735456, 186.050715, 178.992796 ] }, { "date": "2026-01-09", "close": 209.600006, "volume": 51, "typical_volume": 24.05, "trend": 170.623334, "fair_value": 189.021923, "relative_strength": 5.365543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 83.814873, "energy": 61.323473, "activity_lines": [ 197.256669, 195.126366, 188.948096, 181.663764 ] }, { "date": "2026-01-16", "close": 207.699997, "volume": 0, "typical_volume": 24.05, "trend": 173.055001, "fair_value": 189.032821, "relative_strength": 3.833013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.508474, "energy": 78.745884, "activity_lines": [ 201.610001, 197.767274, 191.446668, 184.055807 ] }, { "date": "2026-01-23", "close": 200.600006, "volume": 0, "typical_volume": 24.05, "trend": 175.256668, "fair_value": 188.973205, "relative_strength": 0.147349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.617839, "energy": 78.421384, "activity_lines": [ 202.523336, 198.63182, 193.057382, 185.832904 ] }, { "date": "2026-01-30", "close": 193.649994, "volume": 0, "typical_volume": 19.05, "trend": 177.090001, "fair_value": 188.795, "relative_strength": -3.991012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.393398, "energy": 60.079783, "activity_lines": [ 200.383333, 198.083637, 193.806429, 187.019571 ] }, { "date": "2026-02-06", "close": 157.800003, "volume": 104, "typical_volume": 19.25, "trend": 177.735001, "fair_value": 188.454936, "relative_strength": -21.608216, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.227156, "energy": 11.34198, "activity_lines": [ 186.026667, 190.998183, 190.978096, 185.775055 ] }, { "date": "2026-02-13", "close": 142.0, "volume": 50, "typical_volume": 21.75, "trend": 177.848334, "fair_value": 188.058782, "relative_strength": -28.11957, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -49.930718, "energy": 52.612499, "activity_lines": [ 168.736667, 181.793637, 186.655715, 183.469571 ] }, { "date": "2026-02-20", "close": 139.850006, "volume": 7, "typical_volume": 22.1, "trend": 176.931668, "fair_value": 187.682949, "relative_strength": -30.646142, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.150079, "energy": 70.90587, "activity_lines": [ 155.236669, 173.130911, 182.180478, 181.018066 ] }, { "date": "2026-02-27", "close": 144.899994, "volume": 0, "typical_volume": 22.1, "trend": 176.543334, "fair_value": 187.287116, "relative_strength": -26.078423, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.083216, "energy": 80.236553, "activity_lines": [ 147.943333, 166.327273, 178.353096, 178.951506 ] }, { "date": "2026-03-06", "close": 150.050003, "volume": 10, "typical_volume": 17.95, "trend": 176.433334, "fair_value": 187.051154, "relative_strength": -18.675987, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.905875, "energy": 78.528322, "activity_lines": [ 146.080001, 161.271819, 175.162144, 177.242259 ] }, { "date": "2026-03-13", "close": 144.300003, "volume": 0, "typical_volume": 17.95, "trend": 175.8, "fair_value": 186.821282, "relative_strength": -19.160889, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.509675, "energy": 87.148155, "activity_lines": [ 145.206668, 155.89091, 171.54262, 175.169141 ] }, { "date": "2026-03-20", "close": 143.449997, "volume": 0, "typical_volume": 12.35, "trend": 175.12, "fair_value": 186.630834, "relative_strength": -18.015698, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.652566, "energy": 65.734461, "activity_lines": [ 144.95, 151.237273, 168.061906, 173.082044 ] }, { "date": "2026-03-27", "close": 143.149994, "volume": 0, "typical_volume": 12.35, "trend": 174.45, "fair_value": 186.385257, "relative_strength": -18.803522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.201342, "energy": 61.615361, "activity_lines": [ 144.496664, 147.731817, 164.761667, 171.019463 ] }, { "date": "2026-04-03", "close": 150.550003, "volume": 0, "typical_volume": 12.35, "trend": 174.18, "fair_value": 186.208013, "relative_strength": -17.011172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.7962, "energy": 54.43272, "activity_lines": [ 146.289999, 146.745454, 162.346429, 169.477527 ] }, { "date": "2026-04-10", "close": 141.649994, "volume": 69, "typical_volume": 15.8, "trend": 173.588334, "fair_value": 185.953205, "relative_strength": -26.305613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.347413, "energy": 55.937375, "activity_lines": [ 144.739997, 145.050908, 159.282857, 167.378817 ] }, { "date": "2026-04-17", "close": 150.149994, "volume": 0, "typical_volume": 15.8, "trend": 173.258333, "fair_value": 185.742628, "relative_strength": -23.434568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.719052, "energy": 43.114806, "activity_lines": [ 146.583329, 145.84727, 157.271428, 165.866666 ] }, { "date": "2026-04-24", "close": 138.399994, "volume": 15, "typical_volume": 16.55, "trend": 172.775, "fair_value": 185.59391, "relative_strength": -26.575995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.164934, "energy": 48.314306, "activity_lines": [ 144.119995, 144.64636, 154.37476, 163.617741 ] }, { "date": "2026-05-01", "close": 134.800003, "volume": 0, "typical_volume": 16.55, "trend": 171.438334, "fair_value": 185.372116, "relative_strength": -28.593399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.323631, "energy": 53.102498, "activity_lines": [ 140.793331, 142.856361, 151.396665, 161.167741 ] }, { "date": "2026-05-08", "close": 149.899994, "volume": 313, "typical_volume": 30.95, "trend": 170.583333, "fair_value": 185.222757, "relative_strength": -21.527196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.731165, "energy": 44.909582, "activity_lines": [ 143.056663, 143.903633, 150.127141, 159.778171 ] }, { "date": "2026-05-15", "close": 145.600006, "volume": 0, "typical_volume": 30.95, "trend": 169.601667, "fair_value": 184.979167, "relative_strength": -23.290875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.539196, "energy": 47.239284, "activity_lines": [ 143.93, 144.07818, 148.636904, 158.166344 ] }, { "date": "2026-05-22", "close": 142.550003, "volume": 0, "typical_volume": 30.95, "trend": 168.005, "fair_value": 184.701923, "relative_strength": -26.28412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.739982, "energy": 43.275642, "activity_lines": [ 143.523335, 143.77909, 147.065952, 156.421075 ] }, { "date": "2026-05-29", "close": 155.600006, "volume": 0, "typical_volume": 28.4, "trend": 166.946667, "fair_value": 184.489103, "relative_strength": -21.591194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.808677, "energy": 21.597361, "activity_lines": [ 147.973337, 145.884546, 146.977143, 155.620753 ] }, { "date": "2026-06-05", "close": 160.550003, "volume": 59, "typical_volume": 31.35, "trend": 166.265, "fair_value": 184.300321, "relative_strength": -18.063653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.586296, "energy": 14.228827, "activity_lines": [ 152.92667, 148.669092, 147.616905, 155.208065 ] }, { "date": "2026-06-12", "close": 155.0, "volume": 0, "typical_volume": 31.35, "trend": 165.018334, "fair_value": 184.02468, "relative_strength": -22.794644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.03993, "energy": 18.395323, "activity_lines": [ 154.313336, 150.128183, 147.952619, 154.481291 ] }, { "date": "2026-06-19", "close": 145.850006, "volume": 0, "typical_volume": 31.35, "trend": 163.460001, "fair_value": 183.708334, "relative_strength": -29.977675, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.873382, "energy": 19.941328, "activity_lines": [ 152.310004, 149.84273, 147.634048, 153.244624 ] }, { "date": "2026-06-26", "close": 165.350006, "volume": 0, "typical_volume": 26.15, "trend": 162.330001, "fair_value": 183.450962, "relative_strength": -18.884419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.701635, "energy": 20.20234, "activity_lines": [ 156.790004, 153.026367, 149.400239, 153.36656 ] }, { "date": "2026-07-03", "close": 181.649994, "volume": 0, "typical_volume": 23.65, "trend": 161.941667, "fair_value": 183.347436, "relative_strength": -12.847768, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.097295, "energy": 52.899198, "activity_lines": [ 165.183334, 158.897275, 152.682858, 154.613011 ] }, { "date": "2026-07-10", "close": 182.350006, "volume": 0, "typical_volume": 23.3, "trend": 161.633334, "fair_value": 183.2625, "relative_strength": -11.270223, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.132926, "energy": 67.33949, "activity_lines": [ 172.073336, 164.109094, 155.843335, 155.929678 ] }, { "date": "2026-07-17", "close": 181.850006, "volume": 60, "typical_volume": 26.3, "trend": 161.376667, "fair_value": 183.110898, "relative_strength": -9.71793, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.241571, "energy": 76.023804, "activity_lines": [ 177.343337, 168.365458, 158.753811, 157.23398 ] }, { "date": "2026-07-24", "close": 183.800003, "volume": 96, "typical_volume": 30.6, "trend": 161.181668, "fair_value": 182.984616, "relative_strength": -9.590322, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.477124, "energy": 78.09151, "activity_lines": [ 181.473337, 172.395458, 161.67405, 158.680646 ] }, { "date": "2026-07-31", "close": 201.399994, "volume": 79, "typical_volume": 34.55, "trend": 161.468334, "fair_value": 183.001282, "relative_strength": -0.725631, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.386262, "energy": 83.264643, "activity_lines": [ 188.94, 178.930911, 166.109763, 161.275377 ] }, { "date": "2026-08-07", "close": 204.100006, "volume": 63, "typical_volume": 37.7, "trend": 161.285001, "fair_value": 183.024359, "relative_strength": -2.232731, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.210393, "energy": 93.527862, "activity_lines": [ 194.903336, 184.887275, 170.530716, 164.025808 ] } ], "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." } } }