{ "ticker": { "uuid": "0c148c95-feb8-48f3-8221-9c2d980681e3", "symbol": "COHR", "name": "Coherent Inc", "exchange": "NYSE", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 93.052, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 21.397, "architecture_energy": 19.613, "architecture_maturity": 50.448, "architecture_confidence": 92.889, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.13, "rotation_up": 23.93, "upward_expansion": 42.83, "deceleration": 81.93, "rotation_down": 38.9, "downward_expansion": 34.5 }, "activity_lines": [ 311.605333, 323.844182, 337.479571, 324.048882 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 379.13, "trend_reference": 298.427, "distance_from_trend": 0.270428, "trend_direction": "Improving", "fair_value": 122.227564, "distance_from_fair_value": 2.101837, "fair_value_direction": "Weakening", "relative_strength": 49.578343, "relative_strength_direction": "Weakening", "price_momentum": 0.665188, "excess_performance": 0.539563, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.270428, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.231732, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 2.101837, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.352192, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.495783, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.340295, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.665188, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.994886, "read": "Supply-led" } ], "volume": { "latest": 37580961, "relative_activity": 1.314016, "balance": 0.994886, "dry_up": 0.955253, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.186245, "annualized_volatility": 0.745756, "from_high_reference": -0.138341, "from_low_reference": 3.494714 }, "levels": { "trend_reference": 298.427, "fair_value_reference": 122.227564, "structural_low": 204.57, "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": 5, "median_return": 0.160875, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.110815, "regime_survival": 0.2, "best_return": 0.234302, "worst_return": -0.103466, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.599507, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.480471, "regime_survival": 0.0, "best_return": 0.858034, "worst_return": 0.338761, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.994113, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.806052, "regime_survival": 0.0, "best_return": 1.40924, "worst_return": -0.142857, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.357162, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.170712, "regime_survival": 0.0, "best_return": 0.591912, "worst_return": 0.122412, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-09", "end": "2024-04-12", "tenure": "Developing", "return": -0.140337, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-19", "end": "2024-06-07", "tenure": "Developing", "return": 0.337393, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-14", "end": "2024-08-02", "tenure": "Developing", "return": -0.178676, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.23066, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-17", "tenure": "Established", "return": 0.434053, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-02-28", "tenure": "Developing", "return": -0.250573, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.033664, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-21", "end": "2025-05-30", "tenure": "Developing", "return": 0.108294, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.09393, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": 0.130803, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": -0.216303, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-09-19", "tenure": "New", "return": 0.115188, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2026-07-24", "tenure": "Extended", "return": 1.639406, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.442162, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 34.45, "volume": 54810061, "typical_volume": 15506022.7, "trend": 40.870333, "fair_value": 56.150064, "relative_strength": -19.243729, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.349553, "energy": 12.250762, "activity_lines": [ 42.84, 45.705818, 43.793476, 41.979075 ] }, { "date": "2023-08-25", "close": 35.39, "volume": 15212811, "typical_volume": 15880276.4, "trend": 40.545333, "fair_value": 56.092949, "relative_strength": -16.881679, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.309911, "energy": 19.52064, "activity_lines": [ 39.812, 43.470364, 43.275333, 41.625505 ] }, { "date": "2023-09-01", "close": 37.54, "volume": 8476846, "typical_volume": 16044852.9, "trend": 40.314333, "fair_value": 56.08359, "relative_strength": -13.521221, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.099856, "energy": 27.180065, "activity_lines": [ 38.208667, 41.98, 42.950476, 41.431613 ] }, { "date": "2023-09-08", "close": 33.2, "volume": 9998800, "typical_volume": 16295423.6, "trend": 40.008333, "fair_value": 56.0625, "relative_strength": -21.983471, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.372897, "energy": 35.41764, "activity_lines": [ 35.760667, 39.867273, 42.194952, 40.972624 ] }, { "date": "2023-09-15", "close": 32.41, "volume": 12952796, "typical_volume": 16637779.15, "trend": 39.589, "fair_value": 56.025256, "relative_strength": -23.174042, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.549982, "energy": 57.31871, "activity_lines": [ 34.18, 37.934182, 41.366048, 40.482409 ] }, { "date": "2023-09-22", "close": 31.27, "volume": 20449593, "typical_volume": 17296399.65, "trend": 39.208333, "fair_value": 55.968974, "relative_strength": -23.175181, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.636709, "energy": 62.218946, "activity_lines": [ 33.070667, 36.140182, 40.43681, 39.945699 ] }, { "date": "2023-09-29", "close": 32.64, "volume": 10218604, "typical_volume": 16855017.8, "trend": 38.828667, "fair_value": 55.910641, "relative_strength": -18.882259, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.243055, "energy": 58.605037, "activity_lines": [ 32.63, 34.944182, 39.640714, 39.521935 ] }, { "date": "2023-10-06", "close": 31.21, "volume": 7849840, "typical_volume": 16774274.1, "trend": 38.584333, "fair_value": 55.819551, "relative_strength": -22.324059, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.173834, "energy": 60.659095, "activity_lines": [ 31.896, 33.731273, 38.685429, 39.030409 ] }, { "date": "2023-10-13", "close": 32.72, "volume": 15894724, "typical_volume": 16910368.55, "trend": 38.526, "fair_value": 55.734487, "relative_strength": -18.741947, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.93214, "energy": 43.246758, "activity_lines": [ 32.087333, 33.072182, 37.871476, 38.652065 ] }, { "date": "2023-10-20", "close": 31.01, "volume": 5945626, "typical_volume": 16487622.2, "trend": 38.402667, "fair_value": 55.630705, "relative_strength": -20.878064, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.741976, "energy": 47.163574, "activity_lines": [ 31.740667, 32.419273, 36.914714, 38.167161 ] }, { "date": "2023-10-27", "close": 29.15, "volume": 7392338, "typical_volume": 16301040.15, "trend": 38.105, "fair_value": 55.52609, "relative_strength": -23.421226, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.36932, "energy": 49.725387, "activity_lines": [ 30.867333, 31.685818, 35.818762, 37.570215 ] }, { "date": "2023-11-03", "close": 32.85, "volume": 10941435, "typical_volume": 14798210.1, "trend": 38.100667, "fair_value": 55.37, "relative_strength": -18.285021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.016094, "energy": 41.447944, "activity_lines": [ 31.368667, 31.721455, 35.121667, 37.231183 ] }, { "date": "2023-11-10", "close": 33.97, "volume": 13473190, "typical_volume": 14113109.25, "trend": 38.103, "fair_value": 55.206474, "relative_strength": -16.257162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.107817, "energy": 34.526558, "activity_lines": [ 32.229333, 32.006909, 34.636095, 36.964688 ] }, { "date": "2023-11-17", "close": 36.07, "volume": 7185999, "typical_volume": 13594614.95, "trend": 38.185667, "fair_value": 55.022436, "relative_strength": -12.841802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.382332, "energy": 28.257892, "activity_lines": [ 33.606, 32.739091, 34.41119, 36.833527 ] }, { "date": "2023-11-24", "close": 36.14, "volume": 3456506, "typical_volume": 13277831.7, "trend": 38.252333, "fair_value": 54.828397, "relative_strength": -13.290732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.096828, "energy": 27.578969, "activity_lines": [ 34.782667, 33.431818, 34.263952, 36.701548 ] }, { "date": "2023-12-01", "close": 38.22, "volume": 6236674, "typical_volume": 12942493.15, "trend": 38.465333, "fair_value": 54.617372, "relative_strength": -8.847724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.860513, "energy": 20.091867, "activity_lines": [ 36.310667, 34.434909, 34.387762, 36.699462 ] }, { "date": "2023-12-08", "close": 41.38, "volume": 8817595, "typical_volume": 12766290.75, "trend": 38.917667, "fair_value": 54.433397, "relative_strength": -1.518247, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 18.946175, "energy": 34.132885, "activity_lines": [ 38.287333, 35.886182, 34.87081, 36.887505 ] }, { "date": "2023-12-15", "close": 43.84, "volume": 12704906, "typical_volume": 12946280.55, "trend": 39.356, "fair_value": 54.23641, "relative_strength": 1.86452, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.723182, "energy": 57.503565, "activity_lines": [ 40.515333, 37.625818, 35.61019, 37.205075 ] }, { "date": "2023-12-22", "close": 44.61, "volume": 5465625, "typical_volume": 12600602.6, "trend": 39.612, "fair_value": 54.023462, "relative_strength": 2.569668, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.673684, "energy": 71.91642, "activity_lines": [ 42.342, 39.275818, 36.435905, 37.544043 ] }, { "date": "2023-12-29", "close": 43.53, "volume": 3659368, "typical_volume": 12057166.85, "trend": 39.763667, "fair_value": 53.815577, "relative_strength": -0.229551, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.78131, "energy": 69.847969, "activity_lines": [ 43.239333, 40.513273, 37.18519, 37.796817 ] }, { "date": "2024-01-05", "close": 41.17, "volume": 6682727, "typical_volume": 9650800.15, "trend": 39.839, "fair_value": 53.551474, "relative_strength": -3.983676, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.649011, "energy": 60.294717, "activity_lines": [ 42.857333, 41.094, 37.717571, 37.887548 ] }, { "date": "2024-01-12", "close": 41.75, "volume": 7432776, "typical_volume": 9261798.4, "trend": 39.401667, "fair_value": 53.253269, "relative_strength": -4.067272, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.950626, "energy": 45.078846, "activity_lines": [ 42.472, 41.561636, 38.27319, 38.010839 ] }, { "date": "2024-01-19", "close": 46.17, "volume": 10341445, "typical_volume": 9355028.35, "trend": 39.383667, "fair_value": 52.9475, "relative_strength": 5.134856, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.791579, "energy": 48.869303, "activity_lines": [ 43.535333, 42.671091, 39.219476, 38.447505 ] }, { "date": "2024-01-26", "close": 47.31, "volume": 9741750, "typical_volume": 9342175.85, "trend": 39.261333, "fair_value": 52.711859, "relative_strength": 6.989658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.596959, "energy": 52.137009, "activity_lines": [ 44.823333, 43.766, 40.233238, 38.958882 ] }, { "date": "2024-02-02", "close": 49.13, "volume": 11306777, "typical_volume": 9259874.9, "trend": 39.183667, "fair_value": 52.462692, "relative_strength": 9.781087, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.872902, "energy": 88.290881, "activity_lines": [ 46.538, 44.987455, 41.353143, 39.59557 ] }, { "date": "2024-02-09", "close": 62.35, "volume": 30607834, "typical_volume": 9767786.95, "trend": 39.58, "fair_value": 52.285962, "relative_strength": 36.866146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.518087, "energy": 97.130142, "activity_lines": [ 52.286, 48.376364, 43.652476, 41.090172 ] }, { "date": "2024-02-16", "close": 59.72, "volume": 11907010, "typical_volume": 9852207.25, "trend": 40.037, "fair_value": 52.090064, "relative_strength": 31.330984, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.636557, "energy": 95.044506, "activity_lines": [ 55.745333, 50.848364, 45.553333, 42.389527 ] }, { "date": "2024-02-23", "close": 58.86, "volume": 11316051, "typical_volume": 10025517.8, "trend": 40.446667, "fair_value": 51.926987, "relative_strength": 27.138099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.605218, "energy": 90.733881, "activity_lines": [ 57.72, 52.830545, 47.243333, 43.603914 ] }, { "date": "2024-03-01", "close": 63.47, "volume": 7913430, "typical_volume": 9626453.1, "trend": 40.890333, "fair_value": 51.855577, "relative_strength": 35.383351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.965125, "energy": 93.250209, "activity_lines": [ 60.385333, 55.377818, 49.240714, 45.08929 ] }, { "date": "2024-03-08", "close": 63.86, "volume": 13907217, "typical_volume": 10024532.65, "trend": 41.513, "fair_value": 51.806859, "relative_strength": 35.847354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.891351, "energy": 85.412045, "activity_lines": [ 62.103333, 57.653091, 51.12881, 46.571204 ] }, { "date": "2024-03-15", "close": 58.76, "volume": 9663395, "typical_volume": 10138085.5, "trend": 42.323333, "fair_value": 51.740833, "relative_strength": 24.406304, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.455367, "energy": 66.427863, "activity_lines": [ 61.139333, 58.631455, 52.374762, 47.683914 ] }, { "date": "2024-03-22", "close": 63.3, "volume": 10156417, "typical_volume": 10098834.6, "trend": 43.253667, "fair_value": 51.694359, "relative_strength": 30.214747, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.654921, "energy": 66.966263, "activity_lines": [ 61.928, 60.115455, 53.912095, 49.037247 ] }, { "date": "2024-03-29", "close": 60.62, "volume": 6885780, "typical_volume": 9769464.1, "trend": 44.023, "fair_value": 51.625256, "relative_strength": 23.70932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.590594, "energy": 58.459479, "activity_lines": [ 61.584667, 60.720364, 55.04919, 50.157656 ] }, { "date": "2024-04-05", "close": 57.64, "volume": 8129755, "typical_volume": 9816651.9, "trend": 44.837667, "fair_value": 51.506218, "relative_strength": 17.968522, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.642904, "energy": 44.105385, "activity_lines": [ 60.130667, 60.520727, 55.775571, 51.036172 ] }, { "date": "2024-04-12", "close": 53.6, "volume": 6109715, "typical_volume": 9949312.35, "trend": 45.544, "fair_value": 51.327885, "relative_strength": 10.84074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.381908, "energy": 32.714308, "activity_lines": [ 57.718667, 59.398727, 56.014476, 51.601484 ] }, { "date": "2024-04-19", "close": 49.26, "volume": 9221600, "typical_volume": 10098558.65, "trend": 46.143667, "fair_value": 51.144487, "relative_strength": 4.73615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.923037, "energy": 21.756645, "activity_lines": [ 54.544, 57.406364, 55.756905, 51.841226 ] }, { "date": "2024-04-26", "close": 55.06, "volume": 9987271, "typical_volume": 10157042.45, "trend": 46.891, "fair_value": 51.067051, "relative_strength": 13.475127, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.51115, "energy": 24.654241, "activity_lines": [ 53.936, 56.706545, 55.999143, 52.416473 ] }, { "date": "2024-05-03", "close": 56.51, "volume": 8185772, "typical_volume": 9931085.75, "trend": 47.734333, "fair_value": 51.021346, "relative_strength": 15.025776, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.459462, "energy": 21.954237, "activity_lines": [ 54.360667, 56.355091, 56.314333, 53.037054 ] }, { "date": "2024-05-10", "close": 53.69, "volume": 17128683, "typical_volume": 10514238.65, "trend": 48.433333, "fair_value": 50.957372, "relative_strength": 6.545486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.596914, "energy": 16.378076, "activity_lines": [ 54.119333, 55.533636, 56.300619, 53.42129 ] }, { "date": "2024-05-17", "close": 58.13, "volume": 8185399, "typical_volume": 10740540.2, "trend": 49.337333, "fair_value": 50.904744, "relative_strength": 12.687335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.814429, "energy": 16.904807, "activity_lines": [ 55.621333, 55.697273, 56.666524, 54.046882 ] }, { "date": "2024-05-24", "close": 59.67, "volume": 7515897, "typical_volume": 10782198.7, "trend": 50.354667, "fair_value": 50.855385, "relative_strength": 15.140835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.886982, "energy": 28.227161, "activity_lines": [ 57.334667, 56.245091, 57.109571, 54.713505 ] }, { "date": "2024-05-31", "close": 57.06, "volume": 7656758, "typical_volume": 10793397.8, "trend": 51.161667, "fair_value": 50.777244, "relative_strength": 10.195086, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.041108, "energy": 24.487959, "activity_lines": [ 57.484, 56.301818, 57.215952, 55.146108 ] }, { "date": "2024-06-07", "close": 65.88, "volume": 20235623, "typical_volume": 11288106.7, "trend": 52.225333, "fair_value": 50.750192, "relative_strength": 24.874994, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.345184, "energy": 50.669402, "activity_lines": [ 60.44, 58.075636, 58.089429, 56.095677 ] }, { "date": "2024-06-14", "close": 71.75, "volume": 10334357, "typical_volume": 11317737.05, "trend": 53.414667, "fair_value": 50.777692, "relative_strength": 33.648408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.45571, "energy": 75.396744, "activity_lines": [ 64.728, 60.821091, 59.428095, 57.355333 ] }, { "date": "2024-06-21", "close": 71.93, "volume": 9975911, "typical_volume": 11251193.75, "trend": 54.607667, "fair_value": 50.783526, "relative_strength": 32.543269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.031149, "energy": 81.328893, "activity_lines": [ 67.872, 63.342727, 60.667524, 58.549871 ] }, { "date": "2024-06-28", "close": 72.46, "volume": 8337767, "typical_volume": 10137690.4, "trend": 55.749, "fair_value": 50.778846, "relative_strength": 33.166533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.334879, "energy": 83.277706, "activity_lines": [ 70.272667, 65.627455, 61.848857, 59.701634 ] }, { "date": "2024-07-05", "close": 74.56, "volume": 5702533, "typical_volume": 9827466.55, "trend": 56.855, "fair_value": 50.792692, "relative_strength": 34.05355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.336475, "energy": 84.777947, "activity_lines": [ 72.520667, 67.872182, 63.182048, 60.915247 ] }, { "date": "2024-07-12", "close": 78.4, "volume": 7346027, "typical_volume": 9628965.35, "trend": 58.007, "fair_value": 50.849487, "relative_strength": 38.915361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.943895, "energy": 87.610649, "activity_lines": [ 74.882, 70.460545, 64.810286, 62.305247 ] }, { "date": "2024-07-19", "close": 72.02, "volume": 11009254, "typical_volume": 9783756.55, "trend": 58.920667, "fair_value": 50.853526, "relative_strength": 29.475823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.436401, "energy": 66.462679, "activity_lines": [ 74.282, 71.490909, 65.737857, 63.209312 ] }, { "date": "2024-07-26", "close": 70.5, "volume": 9322398, "typical_volume": 9554515.6, "trend": 59.819667, "fair_value": 50.857949, "relative_strength": 27.171577, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.886425, "energy": 50.704445, "activity_lines": [ 73.157333, 71.911636, 66.479952, 63.956366 ] }, { "date": "2024-08-02", "close": 58.93, "volume": 13212791, "typical_volume": 9731985.4, "trend": 60.411667, "fair_value": 50.7975, "relative_strength": 8.669827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.306996, "energy": 20.017589, "activity_lines": [ 68.271333, 70.003818, 66.088524, 63.898968 ] }, { "date": "2024-08-09", "close": 63.34, "volume": 13457473, "typical_volume": 9897038.2, "trend": 61.131333, "fair_value": 50.7975, "relative_strength": 16.429587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.17626, "energy": 22.041493, "activity_lines": [ 65.757333, 68.911273, 66.116286, 64.087892 ] }, { "date": "2024-08-16", "close": 76.63, "volume": 22385526, "typical_volume": 10672025.5, "trend": 62.146667, "fair_value": 50.90141, "relative_strength": 33.971777, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.471802, "energy": 25.708052, "activity_lines": [ 68.421333, 70.120909, 67.409571, 65.087806 ] }, { "date": "2024-08-23", "close": 79.38, "volume": 12571019, "typical_volume": 10894088.7, "trend": 63.215667, "fair_value": 51.002564, "relative_strength": 35.344536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.012538, "energy": 31.751069, "activity_lines": [ 72.12, 71.635091, 68.888524, 66.199634 ] }, { "date": "2024-08-30", "close": 77.95, "volume": 9747160, "typical_volume": 11075960.95, "trend": 64.176333, "fair_value": 51.108077, "relative_strength": 31.236733, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.170283, "energy": 48.316113, "activity_lines": [ 74.851333, 72.750545, 70.127762, 67.150237 ] }, { "date": "2024-09-06", "close": 68.54, "volume": 7614977, "typical_volume": 10995629.8, "trend": 64.382667, "fair_value": 51.153654, "relative_strength": 19.258072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.942814, "energy": 49.019262, "activity_lines": [ 73.949333, 72.045636, 70.354857, 67.431763 ] }, { "date": "2024-09-13", "close": 77.98, "volume": 9058328, "typical_volume": 10949182.65, "trend": 64.991333, "fair_value": 51.265962, "relative_strength": 28.943769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.582685, "energy": 54.961552, "activity_lines": [ 75.553333, 73.128364, 71.38919, 68.309011 ] }, { "date": "2024-09-20", "close": 87.02, "volume": 20929740, "typical_volume": 11586381.05, "trend": 65.93, "fair_value": 51.429679, "relative_strength": 39.894416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.361404, "energy": 64.994699, "activity_lines": [ 79.194667, 75.792545, 73.175333, 69.730215 ] }, { "date": "2024-09-27", "close": 89.83, "volume": 12855713, "typical_volume": 11372732.55, "trend": 66.808667, "fair_value": 51.617115, "relative_strength": 41.612788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.09657, "energy": 68.709279, "activity_lines": [ 83.08, 78.810909, 75.08381, 71.272151 ] }, { "date": "2024-10-04", "close": 95.33, "volume": 11519606, "typical_volume": 11539442.9, "trend": 67.857667, "fair_value": 51.861474, "relative_strength": 47.517273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.258765, "energy": 81.468291, "activity_lines": [ 88.102, 82.505455, 77.344, 73.112237 ] }, { "date": "2024-10-11", "close": 104.62, "volume": 12225216, "typical_volume": 11774908.85, "trend": 69.386333, "fair_value": 52.163141, "relative_strength": 57.269836, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.293485, "energy": 89.949494, "activity_lines": [ 95.062, 87.437636, 80.31181, 75.484 ] }, { "date": "2024-10-18", "close": 98.23, "volume": 12094862, "typical_volume": 11996814.05, "trend": 70.550667, "fair_value": 52.416923, "relative_strength": 44.142665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.961, "energy": 84.196851, "activity_lines": [ 97.486667, 90.377273, 82.457, 77.344882 ] }, { "date": "2024-10-25", "close": 95.84, "volume": 9868606, "typical_volume": 11478463.2, "trend": 71.724667, "fair_value": 52.643397, "relative_strength": 39.825146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.535073, "energy": 79.929474, "activity_lines": [ 97.764667, 92.248, 84.178524, 78.976452 ] }, { "date": "2024-11-01", "close": 92.28, "volume": 10129862, "typical_volume": 11468238.45, "trend": 72.879333, "fair_value": 52.823077, "relative_strength": 34.657848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.961757, "energy": 63.572774, "activity_lines": [ 96.268, 93.122182, 85.418333, 80.302602 ] }, { "date": "2024-11-08", "close": 110.02, "volume": 20209400, "typical_volume": 11979912.9, "trend": 74.76, "fair_value": 53.110385, "relative_strength": 50.703473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.471931, "energy": 62.617662, "activity_lines": [ 100.521333, 96.987273, 88.249905, 82.698774 ] }, { "date": "2024-11-15", "close": 95.11, "volume": 13146525, "typical_volume": 12220350.8, "trend": 76.288333, "fair_value": 53.309295, "relative_strength": 31.364536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.383199, "energy": 47.79392, "activity_lines": [ 98.825333, 97.558364, 89.480095, 84.011677 ] }, { "date": "2024-11-22", "close": 105.34, "volume": 11335978, "typical_volume": 12502023.05, "trend": 77.964333, "fair_value": 53.582692, "relative_strength": 40.994034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.141018, "energy": 50.748671, "activity_lines": [ 101.173333, 99.506364, 91.576714, 85.885978 ] }, { "date": "2024-11-29", "close": 100.16, "volume": 9591056, "typical_volume": 12614274.5, "trend": 79.419333, "fair_value": 53.833846, "relative_strength": 30.852789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.485703, "energy": 45.929936, "activity_lines": [ 101.320667, 100.015091, 93.033429, 87.317957 ] }, { "date": "2024-12-06", "close": 111.24, "volume": 10951952, "typical_volume": 12611409.4, "trend": 81.337667, "fair_value": 54.11891, "relative_strength": 42.094022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.541321, "energy": 49.745894, "activity_lines": [ 104.873333, 102.299455, 95.441762, 89.370903 ] }, { "date": "2024-12-13", "close": 106.64, "volume": 11086999, "typical_volume": 12699639.45, "trend": 82.954667, "fair_value": 54.365577, "relative_strength": 35.368351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.783934, "energy": 47.212455, "activity_lines": [ 105.628667, 103.358182, 97.225238, 91.003312 ] }, { "date": "2024-12-20", "close": 97.67, "volume": 14746043, "typical_volume": 12776302.05, "trend": 84.221333, "fair_value": 54.555833, "relative_strength": 25.017631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.868993, "energy": 38.24425, "activity_lines": [ 103.619333, 102.580364, 97.982333, 91.952688 ] }, { "date": "2024-12-27", "close": 96.99, "volume": 3850263, "typical_volume": 12295941.55, "trend": 85.552333, "fair_value": 54.739551, "relative_strength": 22.093775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.697499, "energy": 29.507189, "activity_lines": [ 101.212667, 101.805273, 98.49019, 92.776473 ] }, { "date": "2025-01-03", "close": 106.24, "volume": 9452206, "typical_volume": 11649275.55, "trend": 86.897667, "fair_value": 54.960385, "relative_strength": 32.702048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.704333, "energy": 27.429215, "activity_lines": [ 102.446, 102.734545, 99.718762, 94.111161 ] }, { "date": "2025-01-10", "close": 89.87, "volume": 14694058, "typical_volume": 11755427.5, "trend": 87.501667, "fair_value": 55.081026, "relative_strength": 13.404736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.269351, "energy": 15.570641, "activity_lines": [ 97.817333, 100.498364, 99.247286, 94.302925 ] }, { "date": "2025-01-17", "close": 98.29, "volume": 12312288, "typical_volume": 11883683.9, "trend": 88.380333, "fair_value": 55.306538, "relative_strength": 19.346981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.009356, "energy": 15.959187, "activity_lines": [ 97.42, 99.836909, 99.527762, 94.998946 ] }, { "date": "2025-01-24", "close": 100.33, "volume": 11559939, "typical_volume": 12080932.0, "trend": 89.309333, "fair_value": 55.564744, "relative_strength": 18.637625, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.470562, "energy": 10.504025, "activity_lines": [ 98.259333, 99.759636, 99.905667, 95.769892 ] }, { "date": "2025-01-31", "close": 90.49, "volume": 30357389, "typical_volume": 13145885.05, "trend": 89.840333, "fair_value": 55.746859, "relative_strength": 7.357811, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.334854, "energy": 9.588517, "activity_lines": [ 95.641333, 97.798364, 99.195048, 95.846065 ] }, { "date": "2025-02-07", "close": 95.89, "volume": 28760605, "typical_volume": 13537428.3, "trend": 90.423333, "fair_value": 55.933782, "relative_strength": 13.439623, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.266984, "energy": 9.669854, "activity_lines": [ 95.256667, 97.088909, 98.939143, 96.236366 ] }, { "date": "2025-02-14", "close": 86.8, "volume": 17490482, "typical_volume": 13769166.75, "trend": 90.916, "fair_value": 56.030321, "relative_strength": 0.888619, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.186546, "energy": 8.568463, "activity_lines": [ 92.532, 94.804364, 97.775286, 96.002602 ] }, { "date": "2025-02-21", "close": 82.64, "volume": 10619434, "typical_volume": 13724158.15, "trend": 91.320667, "fair_value": 56.107051, "relative_strength": -2.654092, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.022624, "energy": 33.043739, "activity_lines": [ 88.625333, 92.207818, 96.229667, 95.468667 ] }, { "date": "2025-02-28", "close": 75.19, "volume": 20409664, "typical_volume": 14133380.55, "trend": 91.862667, "fair_value": 56.170385, "relative_strength": -10.585793, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.086635, "energy": 51.047417, "activity_lines": [ 83.278667, 88.693091, 94.034952, 94.427978 ] }, { "date": "2025-03-07", "close": 66.54, "volume": 25841894, "typical_volume": 14820732.15, "trend": 91.969333, "fair_value": 56.175833, "relative_strength": -18.242744, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.556948, "energy": 64.427656, "activity_lines": [ 76.724667, 84.014364, 91.156571, 92.794258 ] }, { "date": "2025-03-14", "close": 64.3, "volume": 22609232, "typical_volume": 15457763.45, "trend": 91.558333, "fair_value": 56.134231, "relative_strength": -19.131368, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.349492, "energy": 78.41103, "activity_lines": [ 71.020667, 79.482, 88.215762, 91.00914 ] }, { "date": "2025-03-21", "close": 68.24, "volume": 19105784, "typical_volume": 15906559.55, "trend": 91.187, "fair_value": 56.100962, "relative_strength": -14.58778, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.220036, "energy": 76.943136, "activity_lines": [ 68.736, 76.428545, 85.800381, 89.504731 ] }, { "date": "2025-03-28", "close": 65.73, "volume": 17883263, "typical_volume": 15790252.7, "trend": 90.779667, "fair_value": 56.061538, "relative_strength": -16.508072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.75161, "energy": 74.545001, "activity_lines": [ 66.852, 73.312, 83.260429, 87.862344 ] }, { "date": "2025-04-04", "close": 50.58, "volume": 32988300, "typical_volume": 16782341.45, "trend": 90.181, "fair_value": 55.967692, "relative_strength": -29.226022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.545626, "energy": 78.441626, "activity_lines": [ 61.045333, 68.032909, 79.488524, 85.268817 ] }, { "date": "2025-04-11", "close": 55.2, "volume": 27642080, "typical_volume": 17597646.55, "trend": 89.421667, "fair_value": 55.924231, "relative_strength": -26.878824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.240519, "energy": 68.980404, "activity_lines": [ 58.419333, 64.498364, 76.368667, 83.011978 ] }, { "date": "2025-04-18", "close": 55.29, "volume": 11205416, "typical_volume": 17678364.55, "trend": 88.364, "fair_value": 55.880449, "relative_strength": -25.755228, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.494538, "energy": 66.133577, "activity_lines": [ 56.579333, 61.621818, 73.496143, 80.809935 ] }, { "date": "2025-04-25", "close": 64.49, "volume": 14211926, "typical_volume": 17841363.25, "trend": 87.519333, "fair_value": 55.901474, "relative_strength": -17.295217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.561034, "energy": 52.717172, "activity_lines": [ 58.406667, 61.156182, 71.713476, 79.269677 ] }, { "date": "2025-05-02", "close": 71.64, "volume": 14680406, "typical_volume": 18021033.6, "trend": 86.729667, "fair_value": 55.964167, "relative_strength": -10.91399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.854621, "energy": 38.097438, "activity_lines": [ 62.867333, 62.396182, 70.834381, 78.245204 ] }, { "date": "2025-05-09", "close": 70.57, "volume": 20145786, "typical_volume": 18291020.75, "trend": 85.594667, "fair_value": 56.007051, "relative_strength": -12.114301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.594315, "energy": 27.910272, "activity_lines": [ 66.577333, 63.641636, 70.020048, 77.202645 ] }, { "date": "2025-05-16", "close": 78.6, "volume": 19467051, "typical_volume": 19071860.15, "trend": 84.940333, "fair_value": 56.132179, "relative_strength": -7.297266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.104832, "energy": 25.0334, "activity_lines": [ 71.631333, 66.431091, 70.099524, 76.751376 ] }, { "date": "2025-05-23", "close": 78.46, "volume": 12546790, "typical_volume": 19226589.35, "trend": 84.361, "fair_value": 56.237179, "relative_strength": -5.323521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.498134, "energy": 23.625128, "activity_lines": [ 75.078667, 68.975818, 70.253238, 76.33329 ] }, { "date": "2025-05-30", "close": 75.63, "volume": 16290201, "typical_volume": 19306396.5, "trend": 83.806, "fair_value": 56.322564, "relative_strength": -10.555557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.358656, "energy": 18.899319, "activity_lines": [ 76.038, 70.748545, 70.269714, 75.77 ] }, { "date": "2025-06-06", "close": 79.74, "volume": 12748084, "typical_volume": 19328186.3, "trend": 82.796667, "fair_value": 56.455641, "relative_strength": -7.330809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.008044, "energy": 17.644269, "activity_lines": [ 77.624667, 73.134182, 70.745429, 75.507677 ] }, { "date": "2025-06-13", "close": 77.37, "volume": 10533323, "typical_volume": 19276855.5, "trend": 82.205333, "fair_value": 56.619744, "relative_strength": -9.711156, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.410305, "energy": 16.338825, "activity_lines": [ 77.881333, 74.834182, 71.083762, 75.15757 ] }, { "date": "2025-06-20", "close": 81.2, "volume": 10876922, "typical_volume": 18302832.15, "trend": 81.400667, "fair_value": 56.783077, "relative_strength": -5.12588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.943772, "energy": 16.069082, "activity_lines": [ 78.961333, 76.743455, 71.89619, 75.09271 ] }, { "date": "2025-06-27", "close": 87.23, "volume": 20728918, "typical_volume": 17901247.8, "trend": 80.969667, "fair_value": 57.027308, "relative_strength": -1.59255, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.912521, "energy": 40.166981, "activity_lines": [ 81.878, 79.276364, 73.327143, 75.468796 ] }, { "date": "2025-07-04", "close": 90.9, "volume": 9915322, "typical_volume": 17522489.8, "trend": 80.291667, "fair_value": 57.297821, "relative_strength": 0.712899, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.565674, "energy": 52.264712, "activity_lines": [ 85.433333, 81.895818, 75.148857, 76.109462 ] }, { "date": "2025-07-11", "close": 93.3, "volume": 11259860, "typical_volume": 17554511.1, "trend": 79.847, "fair_value": 57.579872, "relative_strength": 3.548536, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.036843, "energy": 66.301055, "activity_lines": [ 88.770667, 84.471455, 77.179619, 76.94871 ] }, { "date": "2025-07-18", "close": 99.6, "volume": 14880763, "typical_volume": 17278066.05, "trend": 79.911333, "fair_value": 57.886346, "relative_strength": 9.465857, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.02688, "energy": 74.068094, "activity_lines": [ 93.304, 87.798727, 79.759619, 78.223097 ] }, { "date": "2025-07-25", "close": 100.14, "volume": 10932132, "typical_volume": 16532577.95, "trend": 80.016333, "fair_value": 58.190833, "relative_strength": 8.040993, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.045439, "energy": 77.593647, "activity_lines": [ 96.535333, 90.696364, 82.27481, 79.528172 ] }, { "date": "2025-08-01", "close": 102.79, "volume": 15569126, "typical_volume": 16180572.65, "trend": 79.901333, "fair_value": 58.510064, "relative_strength": 12.847329, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.687422, "energy": 88.290365, "activity_lines": [ 99.387333, 93.684182, 84.882381, 80.997441 ] }, { "date": "2025-08-08", "close": 115.44, "volume": 14979703, "typical_volume": 15974268.6, "trend": 80.753667, "fair_value": 58.910705, "relative_strength": 22.680065, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.35688, "energy": 94.45426, "activity_lines": [ 105.418667, 98.529636, 88.511429, 83.290258 ] }, { "date": "2025-08-15", "close": 93.4, "volume": 56786659, "typical_volume": 17919438.4, "trend": 80.590667, "fair_value": 59.15141, "relative_strength": -1.774354, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.693302, "energy": 56.870647, "activity_lines": [ 102.467333, 98.644, 89.816667, 84.106151 ] }, { "date": "2025-08-22", "close": 89.9, "volume": 20825800, "typical_volume": 17311313.4, "trend": 80.243, "fair_value": 59.395064, "relative_strength": -5.68431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.716862, "energy": 45.589949, "activity_lines": [ 98.342667, 97.873636, 90.65681, 84.706753 ] }, { "date": "2025-08-29", "close": 90.47, "volume": 19222444, "typical_volume": 16890331.6, "trend": 80.242333, "fair_value": 59.696731, "relative_strength": -5.051108, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.348375, "energy": 31.696607, "activity_lines": [ 95.054667, 96.979091, 91.364, 85.366559 ] }, { "date": "2025-09-05", "close": 97.84, "volume": 20250760, "typical_volume": 17342598.8, "trend": 80.307333, "fair_value": 60.040385, "relative_strength": 2.034142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.706299, "energy": 25.402497, "activity_lines": [ 94.868, 97.256, 92.605143, 86.501892 ] }, { "date": "2025-09-12", "close": 102.99, "volume": 18171049, "typical_volume": 17540554.95, "trend": 80.847, "fair_value": 60.432949, "relative_strength": 5.521696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.842449, "energy": 26.662117, "activity_lines": [ 96.728, 98.276364, 94.134143, 87.96529 ] }, { "date": "2025-09-19", "close": 109.11, "volume": 18936354, "typical_volume": 17753352.35, "trend": 81.729333, "fair_value": 60.893269, "relative_strength": 10.293994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.94949, "energy": 42.606228, "activity_lines": [ 101.458, 100.189636, 96.062667, 89.78871 ] }, { "date": "2025-09-26", "close": 106.99, "volume": 16930633, "typical_volume": 17592594.7, "trend": 82.789333, "fair_value": 61.355705, "relative_strength": 8.422316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.713042, "energy": 47.81525, "activity_lines": [ 104.434, 101.43, 97.610857, 91.41843 ] }, { "date": "2025-10-03", "close": 113.58, "volume": 13868924, "typical_volume": 17312688.35, "trend": 84.357333, "fair_value": 61.847628, "relative_strength": 13.809943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.341419, "energy": 63.292029, "activity_lines": [ 108.467333, 103.734182, 99.613238, 93.404925 ] }, { "date": "2025-10-10", "close": 111.1, "volume": 17544891, "typical_volume": 17562593.4, "trend": 85.917333, "fair_value": 62.3625, "relative_strength": 14.270071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.488956, "energy": 60.984622, "activity_lines": [ 110.133333, 105.343091, 101.212857, 95.130258 ] }, { "date": "2025-10-17", "close": 116.35, "volume": 14458845, "typical_volume": 17471025.6, "trend": 87.521, "fair_value": 62.901795, "relative_strength": 17.545142, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.655349, "energy": 61.026178, "activity_lines": [ 112.665333, 107.755455, 103.157048, 97.093656 ] }, { "date": "2025-10-24", "close": 129.34, "volume": 17752195, "typical_volume": 17721231.15, "trend": 89.641333, "fair_value": 63.510256, "relative_strength": 27.800381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.323309, "energy": 69.896915, "activity_lines": [ 118.636667, 112.513091, 106.144476, 99.791656 ] }, { "date": "2025-10-31", "close": 131.96, "volume": 18848844, "typical_volume": 18137007.2, "trend": 92.354, "fair_value": 64.15109, "relative_strength": 28.973132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.772186, "energy": 73.979542, "activity_lines": [ 124.132667, 117.093636, 109.145238, 102.521892 ] }, { "date": "2025-11-07", "close": 154.51, "volume": 35579463, "typical_volume": 19372134.25, "trend": 95.664333, "fair_value": 64.893205, "relative_strength": 52.645143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.189464, "energy": 87.758379, "activity_lines": [ 135.480667, 125.009455, 114.033667, 106.531957 ] }, { "date": "2025-11-14", "close": 139.33, "volume": 26116950, "typical_volume": 19641535.85, "trend": 98.465667, "fair_value": 65.552564, "relative_strength": 36.702045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.331006, "energy": 81.152803, "activity_lines": [ 139.04, 129.000909, 117.127286, 109.349097 ] }, { "date": "2025-11-21", "close": 139.51, "volume": 20982810, "typical_volume": 20194910.25, "trend": 100.966333, "fair_value": 66.210833, "relative_strength": 38.982508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.655115, "energy": 71.611447, "activity_lines": [ 140.777333, 132.270727, 119.989952, 111.997118 ] }, { "date": "2025-11-28", "close": 164.26, "volume": 20476667, "typical_volume": 20655750.6, "trend": 104.053667, "fair_value": 67.021667, "relative_strength": 56.3819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.480203, "energy": 76.01229, "activity_lines": [ 149.220667, 139.376545, 124.978286, 116.080581 ] }, { "date": "2025-12-05", "close": 181.79, "volume": 24544792, "typical_volume": 21138952.05, "trend": 107.761, "fair_value": 67.960385, "relative_strength": 70.783596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.202152, "energy": 78.577431, "activity_lines": [ 161.179333, 148.666909, 131.298238, 121.095828 ] }, { "date": "2025-12-12", "close": 178.34, "volume": 26847981, "typical_volume": 21934744.5, "trend": 111.085667, "fair_value": 68.880769, "relative_strength": 66.794206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.743279, "energy": 76.32718, "activity_lines": [ 168.666, 155.97, 136.898238, 125.649312 ] }, { "date": "2025-12-19", "close": 185.83, "volume": 22558545, "typical_volume": 22284215.45, "trend": 114.664667, "fair_value": 69.859872, "relative_strength": 71.371085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.067915, "energy": 85.630723, "activity_lines": [ 177.060667, 163.457455, 142.83919, 130.471527 ] }, { "date": "2025-12-26", "close": 191.72, "volume": 8706580, "typical_volume": 21970559.3, "trend": 118.534333, "fair_value": 70.863846, "relative_strength": 71.971604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.810793, "energy": 86.016552, "activity_lines": [ 184.318667, 170.657091, 148.945667, 135.442839 ] }, { "date": "2026-01-02", "close": 194.33, "volume": 8968422, "typical_volume": 19579647.45, "trend": 122.354, "fair_value": 71.87391, "relative_strength": 74.002944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.625041, "energy": 79.4748, "activity_lines": [ 188.966, 176.960909, 154.937476, 140.332882 ] }, { "date": "2026-01-09", "close": 178.06, "volume": 24388663, "typical_volume": 19757790.6, "trend": 125.710333, "fair_value": 72.750833, "relative_strength": 55.107883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.600034, "energy": 59.881466, "activity_lines": [ 186.185333, 179.124909, 158.899143, 143.926817 ] }, { "date": "2026-01-16", "close": 191.04, "volume": 24029738, "typical_volume": 19998155.3, "trend": 129.371667, "fair_value": 73.701218, "relative_strength": 64.889562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.97488, "energy": 55.463499, "activity_lines": [ 187.98, 182.810727, 163.67719, 148.141634 ] }, { "date": "2026-01-23", "close": 196.94, "volume": 16942215, "typical_volume": 19832728.05, "trend": 133.028667, "fair_value": 74.674295, "relative_strength": 68.286369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.614296, "energy": 53.257637, "activity_lines": [ 190.894667, 186.905091, 168.538238, 152.500882 ] }, { "date": "2026-01-30", "close": 212.18, "volume": 23062281, "typical_volume": 20077289.65, "trend": 137.071333, "fair_value": 75.749359, "relative_strength": 77.485143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.131699, "energy": 54.095475, "activity_lines": [ 198.148667, 192.722909, 174.37881, 157.607419 ] }, { "date": "2026-02-06", "close": 227.68, "volume": 44195589, "typical_volume": 21340251.4, "trend": 141.550667, "fair_value": 76.937179, "relative_strength": 87.315998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.866276, "energy": 58.907507, "activity_lines": [ 209.205333, 200.037636, 181.175619, 163.45314 ] }, { "date": "2026-02-13", "close": 217.23, "volume": 29849065, "typical_volume": 21986173.0, "trend": 145.471667, "fair_value": 78.041282, "relative_strength": 77.654512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.155031, "energy": 55.48052, "activity_lines": [ 214.555333, 204.299273, 186.412571, 168.335677 ] }, { "date": "2026-02-20", "close": 248.18, "volume": 18214263, "typical_volume": 22203439.95, "trend": 150.406333, "fair_value": 79.358526, "relative_strength": 96.06706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.96991, "energy": 69.436405, "activity_lines": [ 227.610667, 213.543818, 194.07219, 174.962022 ] }, { "date": "2026-02-27", "close": 258.93, "volume": 39548624, "typical_volume": 23303626.6, "trend": 155.611, "fair_value": 80.73609, "relative_strength": 100.351213, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.240794, "energy": 78.269025, "activity_lines": [ 240.44, 223.473091, 202.114667, 181.963548 ] }, { "date": "2026-03-06", "close": 235.72, "volume": 45731167, "typical_volume": 24867242.7, "trend": 159.620333, "fair_value": 82.000064, "relative_strength": 81.748616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.025015, "energy": 55.039741, "activity_lines": [ 241.4, 227.853273, 207.242714, 187.131871 ] }, { "date": "2026-03-13", "close": 242.76, "volume": 34914018, "typical_volume": 25725333.85, "trend": 164.599, "fair_value": 83.335256, "relative_strength": 85.389851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.050728, "energy": 52.391463, "activity_lines": [ 243.137333, 232.713455, 212.47281, 192.49572 ] }, { "date": "2026-03-20", "close": 253.63, "volume": 84585455, "typical_volume": 29012164.4, "trend": 170.056667, "fair_value": 84.73859, "relative_strength": 92.232255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.357495, "energy": 49.620734, "activity_lines": [ 247.492667, 238.669455, 218.198048, 198.239656 ] }, { "date": "2026-03-27", "close": 243.48, "volume": 35682519, "typical_volume": 29017317.2, "trend": 175.157, "fair_value": 86.055256, "relative_strength": 84.151839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.113064, "energy": 40.450612, "activity_lines": [ 246.038, 241.406, 222.377238, 202.976645 ] }, { "date": "2026-04-03", "close": 258.16, "volume": 26503010, "typical_volume": 29036620.2, "trend": 180.501, "fair_value": 87.498718, "relative_strength": 83.825271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.166753, "energy": 40.831402, "activity_lines": [ 249.79, 245.858182, 227.530857, 208.331677 ] }, { "date": "2026-04-10", "close": 307.5, "volume": 29373410, "typical_volume": 29456150.2, "trend": 187.318, "fair_value": 89.252564, "relative_strength": 104.938667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.778863, "energy": 51.775824, "activity_lines": [ 270.04, 258.168182, 236.817667, 216.525161 ] }, { "date": "2026-04-17", "close": 345.02, "volume": 26404576, "typical_volume": 29752545.65, "trend": 195.181667, "fair_value": 91.24891, "relative_strength": 112.9699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.110984, "energy": 71.895005, "activity_lines": [ 298.011333, 275.566909, 248.877857, 226.699484 ] }, { "date": "2026-04-24", "close": 336.09, "volume": 25549616, "typical_volume": 29802786.85, "trend": 202.818333, "fair_value": 93.184487, "relative_strength": 100.402077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.471125, "energy": 80.385432, "activity_lines": [ 316.188667, 289.208545, 259.22681, 235.790344 ] }, { "date": "2026-05-01", "close": 329.5, "volume": 30280762, "typical_volume": 29974425.9, "trend": 210.015667, "fair_value": 95.092628, "relative_strength": 89.532594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.479736, "energy": 79.886657, "activity_lines": [ 326.672, 299.490909, 268.213381, 243.963355 ] }, { "date": "2026-05-08", "close": 335.26, "volume": 42435730, "typical_volume": 30968285.15, "trend": 217.487667, "fair_value": 97.063462, "relative_strength": 83.607837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.271646, "energy": 78.560604, "activity_lines": [ 333.340667, 309.342, 277.028714, 252.043634 ] }, { "date": "2026-05-15", "close": 382.45, "volume": 34023596, "typical_volume": 32234135.95, "trend": 226.357667, "fair_value": 99.318333, "relative_strength": 102.964128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.51017, "energy": 75.475815, "activity_lines": [ 350.599333, 326.385273, 289.626762, 262.686366 ] }, { "date": "2026-05-22", "close": 377.57, "volume": 25497466, "typical_volume": 33060588.15, "trend": 234.632, "fair_value": 101.501923, "relative_strength": 93.251412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.760501, "energy": 67.5117, "activity_lines": [ 361.234667, 339.873455, 300.85181, 272.442 ] }, { "date": "2026-05-29", "close": 361.47, "volume": 22872993, "typical_volume": 32984804.65, "trend": 242.282333, "fair_value": 103.569167, "relative_strength": 77.817748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.775597, "energy": 56.83442, "activity_lines": [ 364.333333, 347.983273, 309.670952, 280.625097 ] }, { "date": "2026-06-05", "close": 376.99, "volume": 33034915, "typical_volume": 33435063.5, "trend": 249.698333, "fair_value": 105.736346, "relative_strength": 85.221447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.293644, "energy": 56.490474, "activity_lines": [ 370.913333, 356.954182, 319.09481, 289.315914 ] }, { "date": "2026-06-12", "close": 385.03, "volume": 31281644, "typical_volume": 34152034.95, "trend": 257.888333, "fair_value": 107.852756, "relative_strength": 83.148461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.40316, "energy": 52.408305, "activity_lines": [ 377.007333, 364.959455, 328.398905, 298.046989 ] }, { "date": "2026-06-19", "close": 389.57, "volume": 23981345, "typical_volume": 34197988.15, "trend": 266.223667, "fair_value": 110.050577, "relative_strength": 78.95629, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.622475, "energy": 50.11323, "activity_lines": [ 381.296667, 371.483455, 337.239714, 306.542581 ] }, { "date": "2026-06-26", "close": 380.56, "volume": 31422433, "typical_volume": 33559330.35, "trend": 273.433667, "fair_value": 112.163269, "relative_strength": 74.710414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.168251, "energy": 44.857439, "activity_lines": [ 382.108, 374.877091, 344.377714, 313.919118 ] }, { "date": "2026-07-03", "close": 333.36, "volume": 23580441, "typical_volume": 33245899.15, "trend": 278.486, "fair_value": 113.970321, "relative_strength": 46.953558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.082442, "energy": 31.122764, "activity_lines": [ 366.986667, 369.042727, 346.292476, 317.785333 ] }, { "date": "2026-07-10", "close": 324.5, "volume": 20795767, "typical_volume": 33374974.35, "trend": 283.358, "fair_value": 115.726987, "relative_strength": 38.681686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.267059, "energy": 21.208174, "activity_lines": [ 350.786, 361.647091, 346.810429, 320.753978 ] }, { "date": "2026-07-17", "close": 277.6, "volume": 22419715, "typical_volume": 32518528.9, "trend": 286.417, "fair_value": 117.211538, "relative_strength": 18.927238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.483315, "energy": 15.200934, "activity_lines": [ 322.451333, 345.815091, 342.498286, 320.382495 ] }, { "date": "2026-07-24", "close": 282.39, "volume": 17527448, "typical_volume": 31108342.95, "trend": 289.439333, "fair_value": 118.723205, "relative_strength": 20.051958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -1.522483, "energy": 19.485376, "activity_lines": [ 302.875333, 331.902364, 338.553429, 320.122688 ] }, { "date": "2026-07-31", "close": 262.89, "volume": 31753093, "typical_volume": 30950296.7, "trend": 291.724667, "fair_value": 120.086859, "relative_strength": 9.329866, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.507755, "energy": 31.954207, "activity_lines": [ 283.944667, 316.263455, 332.52919, 318.409828 ] }, { "date": "2026-08-07", "close": 379.13, "volume": 37580961, "typical_volume": 28600072.0, "trend": 298.427, "fair_value": 122.227564, "relative_strength": 49.578343, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.396798, "energy": 19.613288, "activity_lines": [ 311.605333, 323.844182, 337.479571, 324.048882 ] } ], "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." } } }