{ "ticker": { "uuid": "0aa96bf8-7d5b-49eb-aa16-64e8aeb4f391", "symbol": "QRVO", "name": "Qorvo Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 40.354, "architecture_energy": 16.821, "architecture_maturity": 38.766, "architecture_confidence": 81.016, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 45.35, "rotation_up": 30.8, "upward_expansion": 57.28, "deceleration": 87.32, "rotation_down": 32.45, "downward_expansion": 21.28 }, "activity_lines": [ 91.601333, 91.190182, 92.497714, 90.317849 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 99.08, "trend_reference": 87.413, "distance_from_trend": 0.13347, "trend_direction": "Improving", "fair_value": 91.553013, "distance_from_fair_value": 0.082215, "fair_value_direction": "Improving", "relative_strength": -1.331877, "relative_strength_direction": "Improving", "price_momentum": 0.183469, "excess_performance": -0.003985, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.13347, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026589, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.082215, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.100089, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.013319, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102158, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.183469, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.921665, "read": "Supply-led" } ], "volume": { "latest": 7084854, "relative_activity": 1.204103, "balance": 0.921665, "dry_up": 1.073368, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.082835, "annualized_volatility": 0.338492, "from_high_reference": -0.095076, "from_low_reference": 0.322477 }, "levels": { "trend_reference": 87.413, "fair_value_reference": 91.553013, "structural_low": 74.92, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.013982, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.017182, "regime_survival": 0.5, "best_return": 0.154745, "worst_return": -0.019212, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.020984, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.144416, "regime_survival": 0.0, "best_return": 0.031784, "worst_return": -0.073752, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.04198, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.130045, "regime_survival": 0.0, "best_return": 0.042064, "worst_return": 0.041896, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.21756, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.314406, "regime_survival": 0.0, "best_return": 0.21756, "worst_return": 0.21756, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-06-28", "tenure": "Developing", "return": 0.178909, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-05", "end": "2024-07-12", "tenure": "New", "return": 0.034105, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-08-30", "tenure": "Developing", "return": -0.048522, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": -0.007187, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": -0.001667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-18", "end": "2025-05-16", "tenure": "Extended", "return": -0.237895, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.123995, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-11-07", "tenure": "Established", "return": -0.03244, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-14", "end": "2026-01-16", "tenure": "Developing", "return": -0.057308, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-23", "end": "2026-04-17", "tenure": "Established", "return": 0.012236, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-01", "tenure": "New", "return": 0.06492, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-22", "tenure": "New", "return": 0.175632, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.093472, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.131438, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 98.96, "volume": 6357016, "typical_volume": 5862303.2, "trend": 100.068667, "fair_value": 132.774936, "relative_strength": -11.554033, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.32697, "energy": 21.98304, "activity_lines": [ 103.268667, 103.620909, 101.330762, 100.224774 ] }, { "date": "2023-08-25", "close": 101.53, "volume": 5034551, "typical_volume": 5835626.3, "trend": 99.732667, "fair_value": 132.596923, "relative_strength": -10.534848, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.057613, "energy": 18.807204, "activity_lines": [ 102.158667, 103.328727, 101.574857, 100.319054 ] }, { "date": "2023-09-01", "close": 108.45, "volume": 5029053, "typical_volume": 5842976.55, "trend": 99.785, "fair_value": 132.53, "relative_strength": -7.755743, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.432989, "energy": 24.079101, "activity_lines": [ 103.726, 104.314545, 102.445619, 100.881462 ] }, { "date": "2023-09-08", "close": 99.34, "volume": 6220609, "typical_volume": 5912280.2, "trend": 99.652667, "fair_value": 132.37859, "relative_strength": -14.155532, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.962103, "energy": 14.475697, "activity_lines": [ 102.326, 103.441636, 102.377952, 100.852753 ] }, { "date": "2023-09-15", "close": 95.93, "volume": 8448814, "typical_volume": 6046480.8, "trend": 99.414333, "fair_value": 132.172885, "relative_strength": -16.497571, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.822456, "energy": 8.972777, "activity_lines": [ 100.292, 101.997636, 101.955095, 100.612581 ] }, { "date": "2023-09-22", "close": 94.13, "volume": 5025024, "typical_volume": 5818155.15, "trend": 99.196333, "fair_value": 131.970962, "relative_strength": -15.035224, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.030788, "energy": 24.072213, "activity_lines": [ 98.054667, 100.304545, 101.342476, 100.271656 ] }, { "date": "2023-09-29", "close": 95.47, "volume": 6022069, "typical_volume": 5756759.2, "trend": 98.955333, "fair_value": 131.745962, "relative_strength": -13.737163, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.182861, "energy": 35.604742, "activity_lines": [ 96.586, 99.050364, 100.851667, 100.031247 ] }, { "date": "2023-10-06", "close": 94.83, "volume": 5111094, "typical_volume": 5729665.3, "trend": 98.938667, "fair_value": 131.470064, "relative_strength": -15.589979, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.544039, "energy": 48.198386, "activity_lines": [ 95.308, 97.891091, 100.275, 99.765097 ] }, { "date": "2023-10-13", "close": 90.92, "volume": 5639830, "typical_volume": 5685736.85, "trend": 98.747667, "fair_value": 131.189038, "relative_strength": -18.902089, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.433063, "energy": 58.715666, "activity_lines": [ 93.634667, 96.287455, 99.326952, 99.247763 ] }, { "date": "2023-10-20", "close": 90.0, "volume": 5230235, "typical_volume": 5701851.35, "trend": 98.383667, "fair_value": 130.89609, "relative_strength": -16.999559, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.459779, "energy": 61.885963, "activity_lines": [ 92.216, 94.806727, 98.334714, 98.683398 ] }, { "date": "2023-10-27", "close": 86.47, "volume": 5339766, "typical_volume": 5744240.4, "trend": 97.880333, "fair_value": 130.633974, "relative_strength": -17.766792, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.10671, "energy": 68.968378, "activity_lines": [ 90.016, 92.900182, 97.044571, 97.914774 ] }, { "date": "2023-11-03", "close": 88.33, "volume": 9884537, "typical_volume": 5851634.65, "trend": 97.667, "fair_value": 130.256154, "relative_strength": -20.66344, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.537818, "energy": 73.784595, "activity_lines": [ 88.946667, 91.558909, 95.98819, 97.298624 ] }, { "date": "2023-11-10", "close": 91.66, "volume": 7593162, "typical_volume": 5992533.7, "trend": 97.603, "fair_value": 129.897372, "relative_strength": -19.504635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.312175, "energy": 63.470849, "activity_lines": [ 89.463333, 91.063091, 95.317, 96.911075 ] }, { "date": "2023-11-17", "close": 94.08, "volume": 6588728, "typical_volume": 6079160.7, "trend": 97.640667, "fair_value": 129.555641, "relative_strength": -18.464515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.542278, "energy": 42.217255, "activity_lines": [ 90.998, 91.312545, 94.903238, 96.683785 ] }, { "date": "2023-11-24", "close": 93.39, "volume": 3184841, "typical_volume": 5970551.7, "trend": 97.684333, "fair_value": 129.192051, "relative_strength": -19.280328, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.989728, "energy": 27.602982, "activity_lines": [ 92.092, 91.532182, 94.461619, 96.409548 ] }, { "date": "2023-12-01", "close": 97.42, "volume": 6659653, "typical_volume": 6036088.0, "trend": 97.834667, "fair_value": 128.756603, "relative_strength": -15.426439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.392841, "energy": 21.414641, "activity_lines": [ 94.303333, 92.530727, 94.436381, 96.392495 ] }, { "date": "2023-12-08", "close": 103.97, "volume": 6399603, "typical_volume": 6118084.5, "trend": 98.292333, "fair_value": 128.444615, "relative_strength": -9.764108, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 4.80388, "energy": 22.181424, "activity_lines": [ 97.968, 94.660364, 95.070429, 96.788323 ] }, { "date": "2023-12-15", "close": 112.26, "volume": 7803523, "typical_volume": 6231142.05, "trend": 98.866333, "fair_value": 128.121538, "relative_strength": -5.299056, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.201846, "energy": 59.70361, "activity_lines": [ 103.353333, 98.142727, 96.508857, 97.689462 ] }, { "date": "2023-12-22", "close": 112.6, "volume": 6740035, "typical_volume": 6184746.3, "trend": 99.285, "fair_value": 127.772115, "relative_strength": -5.503501, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.350969, "energy": 74.713967, "activity_lines": [ 107.478667, 101.37, 97.966476, 98.575505 ] }, { "date": "2023-12-29", "close": 112.61, "volume": 2789512, "typical_volume": 6055082.75, "trend": 99.770667, "fair_value": 127.428141, "relative_strength": -5.385261, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.300746, "energy": 76.351596, "activity_lines": [ 110.372667, 104.204909, 99.39781, 99.435183 ] }, { "date": "2024-01-05", "close": 103.12, "volume": 6786049, "typical_volume": 6076534.4, "trend": 99.929333, "fair_value": 126.939167, "relative_strength": -10.035687, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.2324, "energy": 69.008369, "activity_lines": [ 108.822, 104.903273, 99.874238, 99.651269 ] }, { "date": "2024-01-12", "close": 102.3, "volume": 5008398, "typical_volume": 6075226.75, "trend": 99.918667, "fair_value": 126.458462, "relative_strength": -12.90473, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.406367, "energy": 39.03506, "activity_lines": [ 106.618, 105.149818, 100.252762, 99.804215 ] }, { "date": "2024-01-19", "close": 105.56, "volume": 5180011, "typical_volume": 6082774.65, "trend": 100.193333, "fair_value": 125.977051, "relative_strength": -11.935041, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.89691, "energy": 22.617621, "activity_lines": [ 105.612, 105.735091, 100.938095, 100.168172 ] }, { "date": "2024-01-26", "close": 103.68, "volume": 5038455, "typical_volume": 6023666.95, "trend": 100.248333, "fair_value": 125.546282, "relative_strength": -13.250684, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.497507, "energy": 22.549007, "activity_lines": [ 104.426, 105.725818, 101.458143, 100.393118 ] }, { "date": "2024-02-02", "close": 103.59, "volume": 13807231, "typical_volume": 6291587.8, "trend": 100.360333, "fair_value": 125.13891, "relative_strength": -13.729298, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.936745, "energy": 21.051652, "activity_lines": [ 103.804667, 105.525636, 101.948952, 100.60871 ] }, { "date": "2024-02-09", "close": 112.32, "volume": 7637975, "typical_volume": 6422235.35, "trend": 100.608667, "fair_value": 124.730705, "relative_strength": -7.607736, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.793214, "energy": 34.37555, "activity_lines": [ 106.694667, 106.727273, 103.234714, 101.380301 ] }, { "date": "2024-02-16", "close": 112.17, "volume": 5683471, "typical_volume": 6405305.45, "trend": 100.778, "fair_value": 124.299808, "relative_strength": -5.7946, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.900381, "energy": 49.232545, "activity_lines": [ 108.921333, 107.630727, 104.419571, 102.126194 ] }, { "date": "2024-02-23", "close": 112.8, "volume": 3631580, "typical_volume": 6331329.75, "trend": 100.888333, "fair_value": 123.902821, "relative_strength": -6.030398, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.680496, "energy": 60.766161, "activity_lines": [ 110.7, 108.499636, 105.584905, 102.901806 ] }, { "date": "2024-03-01", "close": 119.62, "volume": 4741680, "typical_volume": 6286422.25, "trend": 101.313, "fair_value": 123.570769, "relative_strength": -1.797019, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.388189, "energy": 78.601024, "activity_lines": [ 114.269333, 110.598727, 107.31419, 104.110301 ] }, { "date": "2024-03-08", "close": 116.07, "volume": 6502523, "typical_volume": 6350036.65, "trend": 101.786, "fair_value": 123.208462, "relative_strength": -2.814292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.534438, "energy": 73.68709, "activity_lines": [ 115.592667, 111.924727, 108.568714, 105.062366 ] }, { "date": "2024-03-15", "close": 111.85, "volume": 7268990, "typical_volume": 6446497.85, "trend": 102.215667, "fair_value": 122.772564, "relative_strength": -4.837106, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.218232, "energy": 60.848071, "activity_lines": [ 114.677333, 112.420545, 109.29719, 105.711656 ] }, { "date": "2024-03-22", "close": 114.38, "volume": 5514944, "typical_volume": 6228018.2, "trend": 102.644, "fair_value": 122.335897, "relative_strength": -5.049904, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.356867, "energy": 45.993203, "activity_lines": [ 114.636667, 113.217636, 110.145762, 106.496452 ] }, { "date": "2024-03-29", "close": 114.83, "volume": 3756498, "typical_volume": 6036185.0, "trend": 102.856667, "fair_value": 121.835449, "relative_strength": -3.756202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.127523, "energy": 39.068755, "activity_lines": [ 114.598667, 113.876909, 110.913143, 107.282645 ] }, { "date": "2024-04-05", "close": 115.09, "volume": 4473052, "typical_volume": 5930401.2, "trend": 103.381667, "fair_value": 121.343333, "relative_strength": -2.494081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.206655, "energy": 36.48462, "activity_lines": [ 114.512, 114.414909, 111.594952, 108.071892 ] }, { "date": "2024-04-12", "close": 111.36, "volume": 4417285, "typical_volume": 5992023.4, "trend": 103.896, "fair_value": 120.824679, "relative_strength": -4.896556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.300994, "energy": 28.239525, "activity_lines": [ 113.484, 114.067273, 111.821476, 108.586624 ] }, { "date": "2024-04-19", "close": 104.88, "volume": 6286173, "typical_volume": 5973349.4, "trend": 104.254333, "fair_value": 120.25391, "relative_strength": -5.037207, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.941329, "energy": 13.065126, "activity_lines": [ 110.61, 112.400182, 111.345286, 108.650108 ] }, { "date": "2024-04-26", "close": 116.75, "volume": 6073942, "typical_volume": 5957066.35, "trend": 104.963667, "fair_value": 119.79609, "relative_strength": 1.821473, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.673871, "energy": 20.316339, "activity_lines": [ 112.157333, 113.026545, 111.964048, 109.45628 ] }, { "date": "2024-05-03", "close": 95.95, "volume": 13626305, "typical_volume": 6248205.45, "trend": 105.001, "fair_value": 119.230513, "relative_strength": -16.762591, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -12.015305, "energy": 18.977721, "activity_lines": [ 106.613333, 109.787818, 110.541, 108.874753 ] }, { "date": "2024-05-10", "close": 97.69, "volume": 6905530, "typical_volume": 6256480.2, "trend": 105.226667, "fair_value": 118.760513, "relative_strength": -16.15825, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.461388, "energy": 34.788209, "activity_lines": [ 102.908, 107.171818, 109.361333, 108.403075 ] }, { "date": "2024-05-17", "close": 98.43, "volume": 5477439, "typical_volume": 6390876.55, "trend": 105.507667, "fair_value": 118.259679, "relative_strength": -16.934403, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.571951, "energy": 50.329247, "activity_lines": [ 100.609333, 105.089091, 108.323143, 107.964581 ] }, { "date": "2024-05-24", "close": 98.29, "volume": 5389360, "typical_volume": 6321042.1, "trend": 105.901667, "fair_value": 117.718462, "relative_strength": -17.724795, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.427332, "energy": 59.768962, "activity_lines": [ 99.126, 103.301636, 107.339143, 107.498925 ] }, { "date": "2024-05-31", "close": 98.39, "volume": 4526721, "typical_volume": 6296958.25, "trend": 106.237, "fair_value": 117.164808, "relative_strength": -15.946435, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.097497, "energy": 58.176823, "activity_lines": [ 98.115333, 101.778909, 106.387667, 107.014301 ] }, { "date": "2024-06-07", "close": 99.49, "volume": 5335766, "typical_volume": 6304746.0, "trend": 106.498, "fair_value": 116.6275, "relative_strength": -16.859126, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.910221, "energy": 47.074684, "activity_lines": [ 98.695333, 100.746909, 105.559571, 106.579011 ] }, { "date": "2024-06-14", "close": 112.38, "volume": 10320412, "typical_volume": 6568843.85, "trend": 107.108, "fair_value": 116.231282, "relative_strength": -8.954833, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -23.386402, "energy": 16.848802, "activity_lines": [ 103.336, 102.337455, 105.988, 106.958495 ] }, { "date": "2024-06-21", "close": 113.52, "volume": 7688436, "typical_volume": 6262904.1, "trend": 107.779, "fair_value": 115.783654, "relative_strength": -7.991122, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -8.258756, "energy": 14.808131, "activity_lines": [ 107.377333, 104.184545, 106.483571, 107.372172 ] }, { "date": "2024-06-28", "close": 116.04, "volume": 6931933, "typical_volume": 6227602.0, "trend": 108.399667, "fair_value": 115.273205, "relative_strength": -5.636689, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 18.918188, "energy": 28.702919, "activity_lines": [ 111.252667, 106.450545, 107.171857, 107.90514 ] }, { "date": "2024-07-05", "close": 118.75, "volume": 4151289, "typical_volume": 6150992.9, "trend": 108.892333, "fair_value": 114.797628, "relative_strength": -6.497581, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.935075, "energy": 40.833501, "activity_lines": [ 114.848, 109.006364, 108.100524, 108.572903 ] }, { "date": "2024-07-12", "close": 122.8, "volume": 5318106, "typical_volume": 6235319.2, "trend": 109.243667, "fair_value": 114.381731, "relative_strength": -2.824955, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.435333, "energy": 72.124901, "activity_lines": [ 118.436, 112.262182, 109.383571, 109.470172 ] }, { "date": "2024-07-19", "close": 121.8, "volume": 7072681, "typical_volume": 6351869.25, "trend": 109.550333, "fair_value": 113.924744, "relative_strength": 0.587811, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.787371, "energy": 75.823589, "activity_lines": [ 120.136667, 114.848, 110.523762, 110.280258 ] }, { "date": "2024-07-26", "close": 122.01, "volume": 6498545, "typical_volume": 6351670.35, "trend": 109.863667, "fair_value": 113.491538, "relative_strength": 3.618993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.550482, "energy": 75.181486, "activity_lines": [ 121.279333, 117.033636, 111.673571, 111.084108 ] }, { "date": "2024-08-02", "close": 107.93, "volume": 12872381, "typical_volume": 6631839.9, "trend": 110.024, "fair_value": 112.933269, "relative_strength": -5.084238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.98483, "energy": 40.040074, "activity_lines": [ 117.162667, 116.230545, 111.454143, 110.959355 ] }, { "date": "2024-08-09", "close": 106.2, "volume": 7003968, "typical_volume": 6706291.1, "trend": 110.154, "fair_value": 112.406603, "relative_strength": -6.635861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.778189, "energy": 13.351711, "activity_lines": [ 113.01, 114.937636, 111.088619, 110.712645 ] }, { "date": "2024-08-16", "close": 111.18, "volume": 5825481, "typical_volume": 6809740.25, "trend": 110.341333, "fair_value": 111.955449, "relative_strength": -7.010729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.952662, "energy": 22.274262, "activity_lines": [ 111.354, 114.408182, 111.236333, 110.778839 ] }, { "date": "2024-08-23", "close": 115.52, "volume": 5083456, "typical_volume": 6840260.45, "trend": 110.736, "fair_value": 111.473333, "relative_strength": -4.086845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.446403, "energy": 25.426458, "activity_lines": [ 111.919333, 114.455273, 111.814762, 111.112946 ] }, { "date": "2024-08-30", "close": 115.89, "volume": 5923477, "typical_volume": 6915570.05, "trend": 111.146, "fair_value": 111.028013, "relative_strength": -2.683964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.649679, "energy": 19.777835, "activity_lines": [ 113.026667, 114.512545, 112.426381, 111.445462 ] }, { "date": "2024-09-06", "close": 104.35, "volume": 5421275, "typical_volume": 6872325.15, "trend": 110.880333, "fair_value": 110.547564, "relative_strength": -6.730733, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.959416, "energy": 8.59244, "activity_lines": [ 110.695333, 112.428545, 111.917381, 111.007011 ] }, { "date": "2024-09-13", "close": 107.65, "volume": 5474059, "typical_volume": 6842331.0, "trend": 110.729667, "fair_value": 110.11391, "relative_strength": -8.936753, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.58521, "energy": 10.579561, "activity_lines": [ 109.702667, 111.157091, 111.72519, 110.798602 ] }, { "date": "2024-09-20", "close": 102.26, "volume": 10269004, "typical_volume": 6674465.95, "trend": 110.378333, "fair_value": 109.653718, "relative_strength": -14.422137, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.944665, "energy": 30.892441, "activity_lines": [ 106.816667, 109.107455, 111.063, 110.252172 ] }, { "date": "2024-09-27", "close": 103.6, "volume": 6569227, "typical_volume": 6657650.8, "trend": 109.844333, "fair_value": 109.232821, "relative_strength": -13.818096, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.667051, "energy": 43.089138, "activity_lines": [ 104.972, 107.674909, 110.498381, 109.81486 ] }, { "date": "2024-10-04", "close": 102.0, "volume": 6287252, "typical_volume": 6698141.45, "trend": 109.375333, "fair_value": 108.823654, "relative_strength": -14.900483, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.207183, "energy": 50.150722, "activity_lines": [ 103.388667, 106.282364, 109.753238, 109.308774 ] }, { "date": "2024-10-11", "close": 101.83, "volume": 4422088, "typical_volume": 6649777.85, "trend": 109.041333, "fair_value": 108.413141, "relative_strength": -15.791347, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.313351, "energy": 57.764964, "activity_lines": [ 102.674667, 105.222727, 108.974905, 108.821978 ] }, { "date": "2024-10-18", "close": 104.5, "volume": 6259945, "typical_volume": 6736439.05, "trend": 108.712, "fair_value": 108.006026, "relative_strength": -13.477271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.57139, "energy": 47.007108, "activity_lines": [ 103.018667, 104.759455, 108.434, 108.528989 ] }, { "date": "2024-10-25", "close": 99.01, "volume": 5535868, "typical_volume": 6746444.15, "trend": 108.184667, "fair_value": 107.562308, "relative_strength": -17.825542, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.222796, "energy": 49.355786, "activity_lines": [ 101.742667, 103.328909, 107.341143, 107.903054 ] }, { "date": "2024-11-01", "close": 71.86, "volume": 21026227, "typical_volume": 7281734.9, "trend": 106.743667, "fair_value": 107.0225, "relative_strength": -38.937708, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.987437, "energy": 87.032054, "activity_lines": [ 91.633333, 97.183273, 103.664857, 105.559527 ] }, { "date": "2024-11-08", "close": 70.35, "volume": 8296487, "typical_volume": 7312137.45, "trend": 105.376667, "fair_value": 106.444615, "relative_strength": -42.838929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.582171, "energy": 96.431025, "activity_lines": [ 83.136667, 91.556909, 100.037714, 103.211548 ] }, { "date": "2024-11-15", "close": 65.61, "volume": 9899109, "typical_volume": 7460496.25, "trend": 104.067667, "fair_value": 105.870385, "relative_strength": -44.29727, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.102474, "energy": 96.600745, "activity_lines": [ 75.17, 85.896727, 96.164714, 100.645957 ] }, { "date": "2024-11-22", "close": 69.25, "volume": 10579659, "typical_volume": 7781914.75, "trend": 102.484333, "fair_value": 105.364872, "relative_strength": -41.785492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.502708, "energy": 90.605772, "activity_lines": [ 70.831333, 81.602727, 92.878524, 98.399656 ] }, { "date": "2024-11-29", "close": 69.05, "volume": 6929743, "typical_volume": 7862496.6, "trend": 101.587667, "fair_value": 104.846538, "relative_strength": -41.851494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.523242, "energy": 88.738832, "activity_lines": [ 68.776, 77.970545, 89.809, 96.242602 ] }, { "date": "2024-12-06", "close": 68.33, "volume": 11072897, "typical_volume": 8062507.4, "trend": 100.609, "fair_value": 104.263846, "relative_strength": -43.649478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.920569, "energy": 88.346026, "activity_lines": [ 68.478, 74.811273, 86.926857, 94.096946 ] }, { "date": "2024-12-13", "close": 69.59, "volume": 10254910, "typical_volume": 8250325.65, "trend": 99.647667, "fair_value": 103.763269, "relative_strength": -42.337475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.627117, "energy": 73.527118, "activity_lines": [ 68.835333, 72.522364, 84.419333, 92.09572 ] }, { "date": "2024-12-20", "close": 70.85, "volume": 43465243, "typical_volume": 9779968.75, "trend": 98.733, "fair_value": 103.242628, "relative_strength": -39.228267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.683936, "energy": 64.992363, "activity_lines": [ 69.663333, 71.051818, 82.281429, 90.237806 ] }, { "date": "2024-12-27", "close": 71.42, "volume": 9207001, "typical_volume": 9890120.4, "trend": 97.834, "fair_value": 102.697949, "relative_strength": -38.559046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.362873, "energy": 59.039132, "activity_lines": [ 70.332, 70.248182, 80.374381, 88.475677 ] }, { "date": "2025-01-03", "close": 70.63, "volume": 10751400, "typical_volume": 10136416.35, "trend": 96.872, "fair_value": 102.159103, "relative_strength": -38.102082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.971757, "energy": 56.122829, "activity_lines": [ 70.592667, 69.902364, 78.557714, 86.720581 ] }, { "date": "2025-01-10", "close": 71.69, "volume": 13868397, "typical_volume": 10575663.4, "trend": 95.515667, "fair_value": 101.665256, "relative_strength": -35.13916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.396943, "energy": 52.691913, "activity_lines": [ 71.101333, 70.265273, 77.035095, 85.095935 ] }, { "date": "2025-01-17", "close": 84.21, "volume": 20268835, "typical_volume": 11292931.3, "trend": 94.538667, "fair_value": 101.344103, "relative_strength": -25.338844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.712286, "energy": 33.274615, "activity_lines": [ 75.559333, 72.907636, 76.913571, 84.366538 ] }, { "date": "2025-01-24", "close": 88.94, "volume": 15366506, "typical_volume": 11790192.85, "trend": 93.635333, "fair_value": 101.084359, "relative_strength": -21.776028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.119986, "energy": 23.434965, "activity_lines": [ 80.619333, 76.158, 77.393381, 84.005333 ] }, { "date": "2025-01-31", "close": 82.98, "volume": 21674277, "typical_volume": 12600203.75, "trend": 92.443, "fair_value": 100.773654, "relative_strength": -25.431053, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.606245, "energy": 31.112021, "activity_lines": [ 82.486667, 77.900545, 77.378952, 83.317892 ] }, { "date": "2025-02-07", "close": 77.03, "volume": 11686806, "typical_volume": 12671093.85, "trend": 90.917333, "fair_value": 100.451795, "relative_strength": -30.160297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.120277, "energy": 28.818496, "activity_lines": [ 81.6, 78.311636, 76.915333, 82.323505 ] }, { "date": "2025-02-14", "close": 76.16, "volume": 7126193, "typical_volume": 12698942.15, "trend": 89.396, "fair_value": 100.086154, "relative_strength": -32.157688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.273962, "energy": 22.036189, "activity_lines": [ 79.996667, 78.419455, 76.489, 81.371419 ] }, { "date": "2025-02-21", "close": 76.07, "volume": 7428220, "typical_volume": 12755990.55, "trend": 87.864667, "fair_value": 99.690705, "relative_strength": -29.939211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.648122, "energy": 25.551808, "activity_lines": [ 78.065333, 78.368545, 76.184762, 80.511677 ] }, { "date": "2025-02-28", "close": 72.69, "volume": 14487200, "typical_volume": 13259246.15, "trend": 86.69, "fair_value": 99.325705, "relative_strength": -29.862787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.801169, "energy": 39.284524, "activity_lines": [ 75.55, 77.585273, 75.682095, 79.532667 ] }, { "date": "2025-03-07", "close": 76.8, "volume": 12529409, "typical_volume": 13572719.35, "trend": 85.71, "fair_value": 99.025513, "relative_strength": -22.628019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.025501, "energy": 32.843034, "activity_lines": [ 75.488, 77.515818, 75.709619, 78.894602 ] }, { "date": "2025-03-14", "close": 71.39, "volume": 10502864, "typical_volume": 13821069.15, "trend": 84.383667, "fair_value": 98.644231, "relative_strength": -25.475162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.050737, "energy": 37.888434, "activity_lines": [ 74.034667, 76.364909, 75.35381, 77.970731 ] }, { "date": "2025-03-21", "close": 71.8, "volume": 17962690, "typical_volume": 13667892.3, "trend": 82.926333, "fair_value": 98.265513, "relative_strength": -24.44463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.766779, "energy": 37.228133, "activity_lines": [ 73.094, 75.274727, 75.168571, 77.158882 ] }, { "date": "2025-03-28", "close": 71.5, "volume": 9820208, "typical_volume": 13744078.35, "trend": 81.446667, "fair_value": 97.944936, "relative_strength": -22.148546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.922764, "energy": 37.541366, "activity_lines": [ 72.344, 74.128, 74.955048, 76.421699 ] }, { "date": "2025-04-04", "close": 56.35, "volume": 11624976, "typical_volume": 13830371.7, "trend": 79.846667, "fair_value": 97.572628, "relative_strength": -31.050555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.401938, "energy": 71.676648, "activity_lines": [ 66.848667, 70.457818, 73.29319, 74.802559 ] }, { "date": "2025-04-11", "close": 56.27, "volume": 23867236, "typical_volume": 14494750.55, "trend": 78.134, "fair_value": 97.206538, "relative_strength": -35.105567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.625502, "energy": 76.755804, "activity_lines": [ 62.416, 67.365636, 71.66781, 73.281484 ] }, { "date": "2025-04-18", "close": 57.63, "volume": 9898301, "typical_volume": 14643178.45, "trend": 76.646333, "fair_value": 96.86, "relative_strength": -31.130126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.728155, "energy": 80.696706, "activity_lines": [ 59.805333, 65.006364, 70.233762, 71.958645 ] }, { "date": "2025-04-25", "close": 63.78, "volume": 9110349, "typical_volume": 14545051.05, "trend": 75.319, "fair_value": 96.539487, "relative_strength": -27.351024, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.202376, "energy": 75.248994, "activity_lines": [ 60.162, 64.118, 69.43981, 71.128559 ] }, { "date": "2025-05-02", "close": 70.9, "volume": 16483603, "typical_volume": 14856485.7, "trend": 74.282333, "fair_value": 96.307308, "relative_strength": -21.30466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.293894, "energy": 42.710742, "activity_lines": [ 63.426667, 64.749273, 69.345619, 70.843462 ] }, { "date": "2025-05-09", "close": 73.19, "volume": 10184851, "typical_volume": 13192466.1, "trend": 73.327667, "fair_value": 96.104615, "relative_strength": -18.000751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.675371, "energy": 16.7054, "activity_lines": [ 67.494667, 65.890909, 69.463286, 70.772989 ] }, { "date": "2025-05-16", "close": 79.64, "volume": 10317616, "typical_volume": 13247996.85, "trend": 72.499, "fair_value": 95.91891, "relative_strength": -15.925044, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 16.272741, "energy": 23.50303, "activity_lines": [ 72.59, 68.196182, 70.184095, 71.180237 ] }, { "date": "2025-05-23", "close": 74.6, "volume": 7293787, "typical_volume": 13075116.2, "trend": 71.685333, "fair_value": 95.677949, "relative_strength": -18.750787, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 5.783828, "energy": 23.640663, "activity_lines": [ 74.447333, 69.533455, 70.385762, 71.315785 ] }, { "date": "2025-05-30", "close": 76.02, "volume": 7802721, "typical_volume": 12771832.4, "trend": 71.824, "fair_value": 95.466154, "relative_strength": -18.139461, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.610184, "energy": 29.26721, "activity_lines": [ 75.646667, 71.070545, 70.703762, 71.595441 ] }, { "date": "2025-06-06", "close": 78.58, "volume": 10792852, "typical_volume": 12298033.25, "trend": 72.098333, "fair_value": 95.320833, "relative_strength": -16.499255, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.187311, "energy": 36.962461, "activity_lines": [ 76.883333, 72.996364, 71.244952, 72.031312 ] }, { "date": "2025-06-13", "close": 79.42, "volume": 7579780, "typical_volume": 11908696.95, "trend": 72.558667, "fair_value": 95.220128, "relative_strength": -14.342004, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.467372, "energy": 41.33493, "activity_lines": [ 77.888, 74.946182, 71.892952, 72.503677 ] }, { "date": "2025-06-20", "close": 79.91, "volume": 9388147, "typical_volume": 11294390.45, "trend": 72.914, "fair_value": 95.105, "relative_strength": -12.972635, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.406535, "energy": 42.61122, "activity_lines": [ 78.640667, 76.565636, 72.632952, 72.977957 ] }, { "date": "2025-06-27", "close": 83.85, "volume": 8704360, "typical_volume": 11145268.15, "trend": 73.407333, "fair_value": 95.049744, "relative_strength": -11.437371, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.210705, "energy": 61.077773, "activity_lines": [ 80.688667, 78.471636, 73.76281, 73.683505 ] }, { "date": "2025-07-04", "close": 88.78, "volume": 6397448, "typical_volume": 11108830.9, "trend": 74.089, "fair_value": 94.981603, "relative_strength": -6.759462, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.545337, "energy": 78.48531, "activity_lines": [ 83.763333, 80.797273, 75.329714, 74.67529 ] }, { "date": "2025-07-11", "close": 88.23, "volume": 9694826, "typical_volume": 11222161.2, "trend": 74.710333, "fair_value": 94.905, "relative_strength": -6.045689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.078625, "energy": 82.837547, "activity_lines": [ 85.804, 82.568364, 76.784143, 75.587613 ] }, { "date": "2025-07-18", "close": 88.57, "volume": 6231193, "typical_volume": 10809360.85, "trend": 75.301, "fair_value": 94.80391, "relative_strength": -5.80185, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.24237, "energy": 84.09632, "activity_lines": [ 87.314667, 84.086182, 78.213048, 76.481785 ] }, { "date": "2025-07-25", "close": 85.28, "volume": 7113881, "typical_volume": 10538584.45, "trend": 75.763, "fair_value": 94.683462, "relative_strength": -8.922808, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.965236, "energy": 79.169079, "activity_lines": [ 87.118667, 84.726182, 79.253, 77.125591 ] }, { "date": "2025-08-01", "close": 84.11, "volume": 17300065, "typical_volume": 10878444.5, "trend": 76.212333, "fair_value": 94.542564, "relative_strength": -7.174966, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.250649, "energy": 58.641363, "activity_lines": [ 86.174667, 85.050909, 80.141143, 77.664108 ] }, { "date": "2025-08-08", "close": 88.09, "volume": 8535530, "typical_volume": 10407086.5, "trend": 76.759, "fair_value": 94.395256, "relative_strength": -5.347882, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.505144, "energy": 50.760032, "activity_lines": [ 86.54, 85.926364, 81.347762, 78.430409 ] }, { "date": "2025-08-15", "close": 89.35, "volume": 6881139, "typical_volume": 10260133.05, "trend": 76.930333, "fair_value": 94.303269, "relative_strength": -3.534986, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.062291, "energy": 50.66417, "activity_lines": [ 87.371333, 86.811455, 82.59681, 79.242731 ] }, { "date": "2025-08-22", "close": 92.95, "volume": 6969283, "typical_volume": 10027348.4, "trend": 77.064, "fair_value": 94.285641, "relative_strength": 2.268428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.284955, "energy": 58.613333, "activity_lines": [ 89.328, 88.155273, 84.103714, 80.276258 ] }, { "date": "2025-08-29", "close": 90.7, "volume": 6940398, "typical_volume": 9181006.5, "trend": 77.321333, "fair_value": 94.289231, "relative_strength": 1.115955, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.149207, "energy": 63.387663, "activity_lines": [ 90.242667, 88.844, 85.222048, 81.156 ] }, { "date": "2025-09-05", "close": 92.89, "volume": 4572304, "typical_volume": 8914706.65, "trend": 77.85, "fair_value": 94.285128, "relative_strength": 3.458656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.896141, "energy": 71.088248, "activity_lines": [ 91.526, 89.734727, 86.385, 82.16043 ] }, { "date": "2025-09-12", "close": 86.81, "volume": 11654670, "typical_volume": 9041922.7, "trend": 78.205, "fair_value": 94.290769, "relative_strength": -4.116473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.827852, "energy": 49.430404, "activity_lines": [ 90.197333, 89.355636, 86.801, 82.738495 ] }, { "date": "2025-09-19", "close": 91.81, "volume": 19423749, "typical_volume": 9188930.0, "trend": 78.729667, "fair_value": 94.351603, "relative_strength": 0.006339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.557199, "energy": 45.609047, "activity_lines": [ 90.620667, 89.921455, 87.583524, 83.616237 ] }, { "date": "2025-09-26", "close": 93.02, "volume": 9627306, "typical_volume": 9161052.75, "trend": 79.407333, "fair_value": 94.438846, "relative_strength": 2.526072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.168023, "energy": 45.050746, "activity_lines": [ 91.283333, 90.642182, 88.381714, 84.538194 ] }, { "date": "2025-10-03", "close": 93.48, "volume": 6545456, "typical_volume": 8972444.75, "trend": 79.963333, "fair_value": 94.515577, "relative_strength": 2.519533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.625403, "energy": 43.799559, "activity_lines": [ 92.094667, 91.365636, 89.129286, 85.446108 ] }, { "date": "2025-10-10", "close": 83.24, "volume": 5462358, "typical_volume": 8880873.3, "trend": 80.358333, "fair_value": 94.538654, "relative_strength": -5.797724, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.176372, "energy": 23.245027, "activity_lines": [ 89.307333, 90.078182, 88.835714, 85.657505 ] }, { "date": "2025-10-17", "close": 92.13, "volume": 4566463, "typical_volume": 8719060.4, "trend": 81.036, "fair_value": 94.581218, "relative_strength": 2.560166, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.007678, "energy": 26.795746, "activity_lines": [ 90.126667, 90.422909, 89.347667, 86.416968 ] }, { "date": "2025-10-24", "close": 90.71, "volume": 5464602, "typical_volume": 8452647.9, "trend": 81.676333, "fair_value": 94.595641, "relative_strength": -0.481358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.815253, "energy": 21.314968, "activity_lines": [ 90.118, 90.436, 89.647667, 87.041097 ] }, { "date": "2025-10-31", "close": 94.92, "volume": 20031310, "typical_volume": 9075224.4, "trend": 82.962, "fair_value": 94.647372, "relative_strength": 2.120331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.477622, "energy": 28.625383, "activity_lines": [ 91.586, 91.189818, 90.290857, 87.895527 ] }, { "date": "2025-11-07", "close": 85.9, "volume": 12546957, "typical_volume": 9233164.9, "trend": 83.949667, "fair_value": 94.577628, "relative_strength": -4.695301, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.321453, "energy": 16.613522, "activity_lines": [ 89.920667, 90.267818, 90.00119, 88.085075 ] }, { "date": "2025-11-14", "close": 84.98, "volume": 5770846, "typical_volume": 9086489.2, "trend": 84.861333, "fair_value": 94.488269, "relative_strength": -5.662496, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.579453, "energy": 5.234049, "activity_lines": [ 88.454, 89.265818, 89.595381, 88.151548 ] }, { "date": "2025-11-21", "close": 81.69, "volume": 8830823, "typical_volume": 9208157.95, "trend": 85.458333, "fair_value": 94.396923, "relative_strength": -6.436713, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.689374, "energy": 11.105823, "activity_lines": [ 85.774667, 87.809455, 88.870857, 87.946946 ] }, { "date": "2025-11-28", "close": 85.89, "volume": 4031958, "typical_volume": 8925014.55, "trend": 85.958, "fair_value": 94.324487, "relative_strength": -6.292433, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.48669, "energy": 19.172258, "activity_lines": [ 85.191333, 87.209818, 88.580095, 87.974796 ] }, { "date": "2025-12-05", "close": 89.96, "volume": 4380561, "typical_volume": 8832482.95, "trend": 86.517, "fair_value": 94.275513, "relative_strength": -2.997794, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.556863, "energy": 12.887382, "activity_lines": [ 86.286, 87.457818, 88.688095, 88.232989 ] }, { "date": "2025-12-12", "close": 88.07, "volume": 4975080, "typical_volume": 8725542.9, "trend": 86.798, "fair_value": 94.233718, "relative_strength": -3.346398, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.312379, "energy": 10.383985, "activity_lines": [ 87.081333, 87.417818, 88.609476, 88.333183 ] }, { "date": "2025-12-19", "close": 85.63, "volume": 6729974, "typical_volume": 8197038.35, "trend": 87.165667, "fair_value": 94.2025, "relative_strength": -6.564055, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.272371, "energy": 5.400324, "activity_lines": [ 86.918667, 87.032545, 88.28519, 88.257828 ] }, { "date": "2025-12-26", "close": 86.12, "volume": 2324482, "typical_volume": 7886485.95, "trend": 87.502333, "fair_value": 94.173526, "relative_strength": -7.18681, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.729173, "energy": 5.560943, "activity_lines": [ 86.876, 86.692909, 88.000333, 88.190366 ] }, { "date": "2026-01-02", "close": 86.27, "volume": 2727359, "typical_volume": 7678796.95, "trend": 87.758667, "fair_value": 94.128141, "relative_strength": -5.438731, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.116678, "energy": 6.977704, "activity_lines": [ 86.588, 86.489818, 87.739143, 88.11086 ] }, { "date": "2026-01-09", "close": 81.78, "volume": 7287450, "typical_volume": 7694705.3, "trend": 87.837333, "fair_value": 94.008782, "relative_strength": -12.164524, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.06582, "energy": 41.901339, "activity_lines": [ 84.778, 85.551091, 87.065, 87.72514 ] }, { "date": "2026-01-16", "close": 80.11, "volume": 3811496, "typical_volume": 7538260.2, "trend": 87.844, "fair_value": 93.865962, "relative_strength": -12.836411, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.006301, "energy": 57.047621, "activity_lines": [ 82.956667, 84.547636, 86.285, 87.226602 ] }, { "date": "2026-01-23", "close": 80.91, "volume": 4776602, "typical_volume": 7548475.1, "trend": 87.746, "fair_value": 93.669167, "relative_strength": -11.72668, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.15734, "energy": 59.599106, "activity_lines": [ 81.932667, 83.794909, 85.631619, 86.779247 ] }, { "date": "2026-01-30", "close": 78.11, "volume": 12566299, "typical_volume": 7594056.55, "trend": 87.390333, "fair_value": 93.484744, "relative_strength": -14.283478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.411667, "energy": 71.451802, "activity_lines": [ 80.29, 82.607091, 84.768619, 86.15757 ] }, { "date": "2026-02-06", "close": 83.72, "volume": 9450830, "typical_volume": 7095410.6, "trend": 87.24, "fair_value": 93.359167, "relative_strength": -6.153592, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.693959, "energy": 60.423558, "activity_lines": [ 81.051333, 82.504364, 84.481333, 85.920774 ] }, { "date": "2026-02-13", "close": 84.44, "volume": 4883602, "typical_volume": 6858225.4, "trend": 87.102333, "fair_value": 93.239679, "relative_strength": -4.106403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.920151, "energy": 34.058292, "activity_lines": [ 82.222667, 82.572, 84.301143, 85.740129 ] }, { "date": "2026-02-20", "close": 82.24, "volume": 4345201, "typical_volume": 6748212.65, "trend": 87.001, "fair_value": 93.121538, "relative_strength": -7.537323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.297264, "energy": 26.768018, "activity_lines": [ 82.483333, 82.34, 83.952286, 85.42643 ] }, { "date": "2026-02-27", "close": 82.9, "volume": 6849450, "typical_volume": 6817567.25, "trend": 86.960667, "fair_value": 92.994615, "relative_strength": -6.472719, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.397716, "energy": 18.694589, "activity_lines": [ 82.822, 82.334, 83.71981, 85.161849 ] }, { "date": "2026-03-06", "close": 77.64, "volume": 6626409, "typical_volume": 6920564.55, "trend": 86.612333, "fair_value": 92.881218, "relative_strength": -10.983349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.474646, "energy": 35.573369, "activity_lines": [ 81.274667, 81.421273, 82.988, 84.560516 ] }, { "date": "2026-03-13", "close": 78.12, "volume": 6414519, "typical_volume": 6968060.4, "trend": 86.238, "fair_value": 92.762436, "relative_strength": -9.307427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.984986, "energy": 46.183625, "activity_lines": [ 79.918667, 80.75, 82.370905, 84.012624 ] }, { "date": "2026-03-20", "close": 78.16, "volume": 8219275, "typical_volume": 6377458.65, "trend": 85.745, "fair_value": 92.616538, "relative_strength": -7.249161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.326824, "energy": 55.130096, "activity_lines": [ 78.949333, 80.234182, 81.817571, 83.491462 ] }, { "date": "2026-03-27", "close": 77.35, "volume": 5642081, "typical_volume": 6032214.85, "trend": 85.3, "fair_value": 92.461282, "relative_strength": -4.952135, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.235874, "energy": 58.764284, "activity_lines": [ 78.128667, 79.636909, 81.266905, 82.949849 ] }, { "date": "2026-04-03", "close": 78.7, "volume": 5471574, "typical_volume": 6017251.25, "trend": 84.827, "fair_value": 92.358526, "relative_strength": -7.00345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.31115, "energy": 46.949101, "activity_lines": [ 78.084, 79.335273, 80.885524, 82.524043 ] }, { "date": "2026-04-10", "close": 79.81, "volume": 5300608, "typical_volume": 5840740.5, "trend": 84.593667, "fair_value": 92.270256, "relative_strength": -9.792446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.178334, "energy": 35.19781, "activity_lines": [ 78.689333, 79.275636, 80.639762, 82.200366 ] }, { "date": "2026-04-17", "close": 81.9, "volume": 4140584, "typical_volume": 5846171.8, "trend": 84.263333, "fair_value": 92.199423, "relative_strength": -12.771855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.565571, "energy": 21.870519, "activity_lines": [ 79.846667, 79.565091, 80.602, 82.026581 ] }, { "date": "2026-04-24", "close": 87.8, "volume": 4267029, "typical_volume": 5840495.2, "trend": 84.089333, "fair_value": 92.171987, "relative_strength": -8.46522, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.86851, "energy": 11.9952, "activity_lines": [ 82.718667, 80.960364, 81.145143, 82.254753 ] }, { "date": "2026-05-01", "close": 93.5, "volume": 5572336, "typical_volume": 5870358.0, "trend": 84.09, "fair_value": 92.175769, "relative_strength": -3.919704, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.141848, "energy": 41.478611, "activity_lines": [ 86.848, 83.330909, 82.241429, 82.861892 ] }, { "date": "2026-05-08", "close": 90.53, "volume": 7544987, "typical_volume": 5911108.65, "trend": 84.333, "fair_value": 92.177628, "relative_strength": -11.547652, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.843573, "energy": 52.995393, "activity_lines": [ 88.910667, 84.956727, 83.029, 83.277376 ] }, { "date": "2026-05-15", "close": 92.25, "volume": 4580268, "typical_volume": 6023897.95, "trend": 84.337, "fair_value": 92.159744, "relative_strength": -9.294103, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.736417, "energy": 66.414179, "activity_lines": [ 90.758, 86.756545, 83.957048, 83.788151 ] }, { "date": "2026-05-22", "close": 106.43, "volume": 6484173, "typical_volume": 6211738.65, "trend": 84.861, "fair_value": 92.200705, "relative_strength": 3.37493, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 92.55085, "energy": 91.338294, "activity_lines": [ 96.502667, 90.868909, 86.206381, 85.213505 ] }, { "date": "2026-05-29", "close": 103.56, "volume": 5830218, "typical_volume": 6138877.05, "trend": 85.149, "fair_value": 92.23609, "relative_strength": -2.154293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.159397, "energy": 89.691052, "activity_lines": [ 99.655333, 93.944727, 88.086381, 86.419892 ] }, { "date": "2026-06-05", "close": 98.28, "volume": 6093251, "typical_volume": 6252964.8, "trend": 85.561667, "fair_value": 92.235577, "relative_strength": -2.640576, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.801196, "energy": 81.815274, "activity_lines": [ 99.997333, 95.598727, 89.35981, 87.267054 ] }, { "date": "2026-06-12", "close": 98.59, "volume": 6793101, "typical_volume": 6353789.75, "trend": 86.015333, "fair_value": 92.209744, "relative_strength": -4.350226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.913793, "energy": 74.897679, "activity_lines": [ 100.124, 96.928545, 90.576238, 88.107591 ] }, { "date": "2026-06-19", "close": 98.42, "volume": 5286222, "typical_volume": 5989785.9, "trend": 86.573, "fair_value": 92.216795, "relative_strength": -6.75799, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.71888, "energy": 51.040328, "activity_lines": [ 99.656667, 97.865818, 91.692286, 88.907892 ] }, { "date": "2026-06-26", "close": 93.88, "volume": 9969504, "typical_volume": 6015719.6, "trend": 86.839333, "fair_value": 92.164551, "relative_strength": -6.608866, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.705468, "energy": 32.979671, "activity_lines": [ 97.264667, 97.639273, 92.279238, 89.379312 ] }, { "date": "2026-07-03", "close": 87.57, "volume": 4494191, "typical_volume": 5996249.05, "trend": 86.759667, "fair_value": 92.083397, "relative_strength": -13.191471, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.992421, "energy": 18.20521, "activity_lines": [ 93.606, 96.047636, 92.216857, 89.426452 ] }, { "date": "2026-07-10", "close": 85.81, "volume": 4945932, "typical_volume": 6026285.6, "trend": 86.684333, "fair_value": 91.961218, "relative_strength": -15.97597, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.706257, "energy": 18.41842, "activity_lines": [ 90.426667, 94.140182, 91.971952, 89.365183 ] }, { "date": "2026-07-17", "close": 85.5, "volume": 4875592, "typical_volume": 5927592.7, "trend": 86.68, "fair_value": 91.822821, "relative_strength": -12.220916, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.666829, "energy": 21.25476, "activity_lines": [ 87.975333, 92.316182, 91.680524, 89.288774 ] }, { "date": "2026-07-24", "close": 86.51, "volume": 4823186, "typical_volume": 5837431.55, "trend": 86.693, "fair_value": 91.675513, "relative_strength": -9.436154, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.330417, "energy": 20.45601, "activity_lines": [ 86.733333, 90.767273, 91.472905, 89.277806 ] }, { "date": "2026-07-31", "close": 90.57, "volume": 8478844, "typical_volume": 5940647.8, "trend": 86.836333, "fair_value": 91.570962, "relative_strength": -5.433505, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.516163, "energy": 16.73814, "activity_lines": [ 87.638667, 90.060909, 91.609714, 89.527935 ] }, { "date": "2026-08-07", "close": 99.08, "volume": 7084854, "typical_volume": 5883926.75, "trend": 87.413, "fair_value": 91.553013, "relative_strength": -1.331877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.353511, "energy": 16.820887, "activity_lines": [ 91.601333, 91.190182, 92.497714, 90.317849 ] } ], "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." } } }