{ "ticker": { "uuid": "10583283-514f-4c2f-96a5-8644663cdbd4", "symbol": "CNAUA", "name": "UBS MSCI China A SF UCITS ETF USD acc", "exchange": "EBS", "country": "CH", "assetType": "etf" }, "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": "^SSMI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.931, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 8.46, "architecture_energy": 20.434, "architecture_maturity": 100.0, "architecture_confidence": 83.13, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 55.93, "rotation_up": 19.11, "upward_expansion": 43.39, "deceleration": 84.84, "rotation_down": 44.15, "downward_expansion": 35.06 }, "activity_lines": [ 175.397331, 177.232362, 178.070761, 176.378753 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 178.619995, "trend_reference": 174.131334, "distance_from_trend": 0.025777, "trend_direction": "Improving", "fair_value": 133.295692, "distance_from_fair_value": 0.340028, "fair_value_direction": "Weakening", "relative_strength": -3.304236, "relative_strength_direction": "Weakening", "price_momentum": 0.059682, "excess_performance": -0.023201, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.025777, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036311, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.340028, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.078272, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.033042, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.169342, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.059682, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.985613, "read": "Demand-led" } ], "volume": { "latest": 641, "relative_activity": 0.383649, "balance": 1.985613, "dry_up": 0.919769, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.031937, "annualized_volatility": 0.172619, "from_high_reference": -0.043073, "from_low_reference": 0.290793 }, "levels": { "trend_reference": 174.131334, "fair_value_reference": 133.295692, "structural_low": 161.139999, "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": 22, "median_return": -0.002002, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.009251, "regime_survival": 0.818182, "best_return": 0.094659, "worst_return": -0.083779, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.011639, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.008877, "regime_survival": 0.5, "best_return": 0.202969, "worst_return": -0.099755, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.123754, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.053534, "regime_survival": 0.4, "best_return": 0.252187, "worst_return": -0.124808, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.10646, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.05377, "regime_survival": 0.333333, "best_return": 0.394063, "worst_return": -0.215729, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-08-02", "tenure": "New", "return": -0.002025, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": 0.016245, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-06", "end": "2024-09-20", "tenure": "New", "return": -0.010915, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.174334, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.03825, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-03-07", "tenure": "Established", "return": 0.028683, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.034093, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.018026, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-02", "tenure": "New", "return": 0.008969, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-06-06", "tenure": "Developing", "return": 0.016643, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-11-28", "tenure": "Established", "return": 0.219062, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-05", "end": "2025-12-19", "tenure": "New", "return": 0.002522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-08-07", "tenure": "Extended", "return": 0.098659, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 114.519997, "volume": 98, "typical_volume": 549.1, "trend": 123.196, "fair_value": 137.457308, "relative_strength": -4.292799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.375278, "energy": 26.653724, "activity_lines": [ 118.517331, 118.237089, 118.796094, 120.555612 ] }, { "date": "2023-08-25", "close": 110.739998, "volume": 44, "typical_volume": 544.25, "trend": 122.405333, "fair_value": 137.351282, "relative_strength": -8.140827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.152745, "energy": 50.985217, "activity_lines": [ 115.731998, 116.927998, 117.858475, 119.751999 ] }, { "date": "2023-09-01", "close": 113.440002, "volume": 208, "typical_volume": 544.3, "trend": 121.728, "fair_value": 137.262564, "relative_strength": -6.678848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.953222, "energy": 68.467821, "activity_lines": [ 114.213333, 116.30218, 117.260285, 119.173591 ] }, { "date": "2023-09-08", "close": 110.779999, "volume": 81, "typical_volume": 544.05, "trend": 121.104, "fair_value": 137.178974, "relative_strength": -7.545408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.538086, "energy": 78.229408, "activity_lines": [ 112.501333, 115.207635, 116.484475, 118.467268 ] }, { "date": "2023-09-15", "close": 112.279999, "volume": 93, "typical_volume": 424.05, "trend": 120.576666, "fair_value": 137.081795, "relative_strength": -8.189407, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.545504, "energy": 76.223041, "activity_lines": [ 112.055999, 114.450181, 115.930761, 117.897978 ] }, { "date": "2023-09-22", "close": 111.480003, "volume": 659, "typical_volume": 428.2, "trend": 120.157333, "fair_value": 137.016538, "relative_strength": -7.146912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.261719, "energy": 73.714995, "activity_lines": [ 111.765334, 113.597091, 115.370952, 117.311096 ] }, { "date": "2023-09-29", "close": 110.580002, "volume": 205, "typical_volume": 424.9, "trend": 119.51, "fair_value": 136.899231, "relative_strength": -7.286528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.153542, "energy": 65.832746, "activity_lines": [ 111.377335, 112.717091, 114.785809, 116.693204 ] }, { "date": "2023-10-06", "close": 109.580002, "volume": 61, "typical_volume": 411.5, "trend": 118.97, "fair_value": 136.781154, "relative_strength": -6.786645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.789952, "energy": 59.353252, "activity_lines": [ 110.666668, 111.758182, 114.164857, 116.052559 ] }, { "date": "2023-10-13", "close": 109.040001, "volume": 211, "typical_volume": 421.0, "trend": 118.492, "fair_value": 136.644743, "relative_strength": -7.645009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.180305, "energy": 60.926764, "activity_lines": [ 110.033335, 110.960365, 113.548, 115.411914 ] }, { "date": "2023-10-20", "close": 104.220001, "volume": 701, "typical_volume": 428.05, "trend": 117.702667, "fair_value": 136.471923, "relative_strength": -6.928336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.380356, "energy": 78.234419, "activity_lines": [ 107.909335, 109.52691, 112.517905, 114.49114 ] }, { "date": "2023-10-27", "close": 108.660004, "volume": 1217, "typical_volume": 339.45, "trend": 117.083333, "fair_value": 136.332436, "relative_strength": -2.858539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.693938, "energy": 72.664876, "activity_lines": [ 107.802669, 109.162184, 111.976, 113.907742 ] }, { "date": "2023-11-03", "close": 109.0, "volume": 172, "typical_volume": 344.75, "trend": 116.449333, "fair_value": 136.155641, "relative_strength": -4.864616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.575922, "energy": 63.966714, "activity_lines": [ 107.997335, 108.96582, 111.498858, 113.386237 ] }, { "date": "2023-11-10", "close": 107.5, "volume": 48, "typical_volume": 336.75, "trend": 115.721333, "fair_value": 135.971154, "relative_strength": -5.857328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.234579, "energy": 55.375937, "activity_lines": [ 107.797334, 108.528365, 110.937524, 112.80886 ] }, { "date": "2023-11-17", "close": 108.540001, "volume": 343, "typical_volume": 350.5, "trend": 115.092, "fair_value": 135.773974, "relative_strength": -6.441279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.99417, "energy": 44.636508, "activity_lines": [ 108.082668, 108.388001, 110.507429, 112.345549 ] }, { "date": "2023-11-24", "close": 110.599998, "volume": 617, "typical_volume": 377.1, "trend": 114.545333, "fair_value": 135.589102, "relative_strength": -5.915625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.883949, "energy": 32.747724, "activity_lines": [ 109.088, 108.66291, 110.301048, 112.055742 ] }, { "date": "2023-12-01", "close": 108.360001, "volume": 275, "typical_volume": 378.65, "trend": 114.018667, "fair_value": 135.376795, "relative_strength": -7.76339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.980445, "energy": 32.466045, "activity_lines": [ 108.921333, 108.561092, 109.902381, 111.656688 ] }, { "date": "2023-12-08", "close": 105.019997, "volume": 20, "typical_volume": 337.75, "trend": 113.417333, "fair_value": 135.159872, "relative_strength": -11.85046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.624009, "energy": 47.90003, "activity_lines": [ 107.661332, 107.908727, 109.236286, 111.076129 ] }, { "date": "2023-12-15", "close": 106.019997, "volume": 1286, "typical_volume": 369.1, "trend": 112.91, "fair_value": 134.944487, "relative_strength": -11.663765, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.693667, "energy": 48.896736, "activity_lines": [ 106.999998, 107.539272, 108.718857, 110.598882 ] }, { "date": "2023-12-22", "close": 103.980003, "volume": 792, "typical_volume": 365.25, "trend": 112.420667, "fair_value": 134.692051, "relative_strength": -12.84181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.279196, "energy": 74.078544, "activity_lines": [ 105.757333, 106.863636, 108.092, 110.022753 ] }, { "date": "2023-12-29", "close": 106.879997, "volume": 100, "typical_volume": 361.55, "trend": 112.052, "fair_value": 134.432436, "relative_strength": -10.052804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.973139, "energy": 65.92811, "activity_lines": [ 105.785332, 106.807272, 107.828476, 109.66529 ] }, { "date": "2024-01-05", "close": 103.980003, "volume": 88, "typical_volume": 361.05, "trend": 111.669333, "fair_value": 134.079359, "relative_strength": -12.508807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.520704, "energy": 66.082449, "activity_lines": [ 105.094667, 106.175273, 107.344572, 109.144516 ] }, { "date": "2024-01-12", "close": 102.800003, "volume": 1952, "typical_volume": 456.45, "trend": 111.052, "fair_value": 133.737564, "relative_strength": -13.423313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.70856, "energy": 66.073814, "activity_lines": [ 104.302668, 105.413819, 106.798477, 108.572301 ] }, { "date": "2024-01-19", "close": 102.059998, "volume": 253, "typical_volume": 458.7, "trend": 110.645333, "fair_value": 133.365513, "relative_strength": -13.06364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.779686, "energy": 65.864117, "activity_lines": [ 103.412001, 104.630545, 106.219715, 107.992172 ] }, { "date": "2024-01-26", "close": 104.080002, "volume": 60, "typical_volume": 457.65, "trend": 110.304, "fair_value": 133.034744, "relative_strength": -12.77346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.180674, "energy": 62.926527, "activity_lines": [ 103.458668, 104.313455, 105.887524, 107.568602 ] }, { "date": "2024-02-02", "close": 96.0, "volume": 255, "typical_volume": 465.75, "trend": 109.67, "fair_value": 132.644615, "relative_strength": -17.979633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.840689, "energy": 82.627401, "activity_lines": [ 100.805334, 102.608364, 104.817715, 106.645764 ] }, { "date": "2024-02-09", "close": 102.940002, "volume": 373, "typical_volume": 451.45, "trend": 109.134667, "fair_value": 132.211026, "relative_strength": -10.486798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.498082, "energy": 53.528143, "activity_lines": [ 101.190668, 102.430546, 104.486381, 106.21157 ] }, { "date": "2024-02-16", "close": 105.32, "volume": 263, "typical_volume": 454.35, "trend": 108.770667, "fair_value": 131.806923, "relative_strength": -9.84481, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.059666, "energy": 42.629281, "activity_lines": [ 102.438667, 102.784001, 104.422381, 105.965463 ] }, { "date": "2024-02-23", "close": 108.0, "volume": 152, "typical_volume": 458.9, "trend": 108.242667, "fair_value": 131.516795, "relative_strength": -8.758632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.709842, "energy": 19.690753, "activity_lines": [ 104.412001, 103.619273, 104.638667, 105.915742 ] }, { "date": "2024-03-01", "close": 108.900002, "volume": 636, "typical_volume": 480.15, "trend": 107.796667, "fair_value": 131.253333, "relative_strength": -7.605746, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.808201, "energy": 18.962069, "activity_lines": [ 106.289334, 104.582183, 104.948191, 105.958151 ] }, { "date": "2024-03-08", "close": 110.940002, "volume": 50, "typical_volume": 447.6, "trend": 107.541334, "fair_value": 131.033718, "relative_strength": -6.735593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.685881, "energy": 39.890705, "activity_lines": [ 108.525335, 105.826547, 105.452667, 106.160947 ] }, { "date": "2024-03-15", "close": 111.400002, "volume": 263, "typical_volume": 399.9, "trend": 107.437334, "fair_value": 130.818333, "relative_strength": -6.213389, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.477901, "energy": 48.512465, "activity_lines": [ 109.918668, 107.080729, 105.968953, 106.409893 ] }, { "date": "2024-03-22", "close": 110.419998, "volume": 709, "typical_volume": 426.75, "trend": 107.426667, "fair_value": 130.602821, "relative_strength": -6.394467, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.919852, "energy": 55.995788, "activity_lines": [ 110.421334, 108.021819, 106.378858, 106.602323 ] }, { "date": "2024-03-29", "close": 108.959999, "volume": 1188, "typical_volume": 483.75, "trend": 107.277334, "fair_value": 130.359487, "relative_strength": -7.870386, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.738665, "energy": 51.866644, "activity_lines": [ 110.097333, 108.558909, 106.642953, 106.701248 ] }, { "date": "2024-04-05", "close": 110.68, "volume": 665, "typical_volume": 499.85, "trend": 107.274001, "fair_value": 130.143462, "relative_strength": -4.182095, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.512332, "energy": 40.008036, "activity_lines": [ 110.282666, 109.283273, 107.063905, 106.920775 ] }, { "date": "2024-04-12", "close": 107.519997, "volume": 309, "typical_volume": 484.45, "trend": 107.115334, "fair_value": 129.906026, "relative_strength": -5.61418, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.307437, "energy": 19.619011, "activity_lines": [ 109.295999, 109.313091, 107.173714, 106.936645 ] }, { "date": "2024-04-19", "close": 110.459999, "volume": 784, "typical_volume": 509.9, "trend": 107.081334, "fair_value": 129.651538, "relative_strength": -2.067256, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 48.79441, "energy": 29.011305, "activity_lines": [ 109.517332, 109.667999, 107.57819, 107.15243 ] }, { "date": "2024-04-26", "close": 110.839996, "volume": 337, "typical_volume": 525.75, "trend": 107.09, "fair_value": 129.396154, "relative_strength": -1.89346, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.93774, "energy": 32.123558, "activity_lines": [ 109.927998, 109.955271, 108.008857, 107.394925 ] }, { "date": "2024-05-03", "close": 114.660004, "volume": 110, "typical_volume": 466.95, "trend": 107.259334, "fair_value": 129.171282, "relative_strength": 2.24367, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.033343, "energy": 61.583844, "activity_lines": [ 111.584, 110.836727, 108.775619, 107.883312 ] }, { "date": "2024-05-10", "close": 113.879997, "volume": 7751, "typical_volume": 814.9, "trend": 107.420667, "fair_value": 128.945, "relative_strength": -2.425805, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.338741, "energy": 80.316288, "activity_lines": [ 112.599999, 111.455272, 109.426952, 108.310451 ] }, { "date": "2024-05-17", "close": 114.879997, "volume": 271, "typical_volume": 823.45, "trend": 107.776, "fair_value": 128.705385, "relative_strength": -3.719263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.592786, "energy": 85.132556, "activity_lines": [ 113.735998, 112.165089, 110.12638, 108.791699 ] }, { "date": "2024-05-24", "close": 111.839996, "volume": 219, "typical_volume": 830.0, "trend": 107.882, "fair_value": 128.404103, "relative_strength": -5.24747, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.521211, "energy": 78.377098, "activity_lines": [ 113.367998, 112.250543, 110.498189, 109.053892 ] }, { "date": "2024-05-31", "close": 111.080002, "volume": 255, "typical_volume": 745.15, "trend": 107.951333, "fair_value": 128.090513, "relative_strength": -6.242237, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.662669, "energy": 54.279987, "activity_lines": [ 112.654666, 112.189817, 110.76019, 109.260215 ] }, { "date": "2024-06-07", "close": 111.220001, "volume": 264, "typical_volume": 745.7, "trend": 108.075333, "fair_value": 127.793333, "relative_strength": -7.856617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.712345, "energy": 34.442916, "activity_lines": [ 111.971999, 112.142545, 110.996095, 109.471096 ] }, { "date": "2024-06-14", "close": 110.220001, "volume": 40, "typical_volume": 744.7, "trend": 108.131333, "fair_value": 127.520769, "relative_strength": -6.818093, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.117753, "energy": 24.777483, "activity_lines": [ 111.185334, 111.872363, 111.093142, 109.609462 ] }, { "date": "2024-06-21", "close": 108.779999, "volume": 419, "typical_volume": 752.9, "trend": 108.070667, "fair_value": 127.201667, "relative_strength": -7.588685, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.733174, "energy": 21.878395, "activity_lines": [ 110.162667, 111.348727, 111.023809, 109.651311 ] }, { "date": "2024-06-28", "close": 107.18, "volume": 319, "typical_volume": 750.2, "trend": 108.031333, "fair_value": 126.894744, "relative_strength": -8.588418, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.243691, "energy": 25.74931, "activity_lines": [ 109.013334, 110.511272, 110.741238, 109.593849 ] }, { "date": "2024-07-05", "close": 106.300003, "volume": 119, "typical_volume": 743.0, "trend": 108.074, "fair_value": 126.585256, "relative_strength": -9.123911, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.297658, "energy": 42.029994, "activity_lines": [ 107.881334, 109.573455, 110.354666, 109.48215 ] }, { "date": "2024-07-12", "close": 108.620003, "volume": 114, "typical_volume": 741.1, "trend": 108.160667, "fair_value": 126.284744, "relative_strength": -9.492666, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.454003, "energy": 40.356, "activity_lines": [ 107.841335, 109.140001, 110.184381, 109.517376 ] }, { "date": "2024-07-19", "close": 109.699997, "volume": 366, "typical_volume": 727.6, "trend": 108.351333, "fair_value": 125.996923, "relative_strength": -6.902114, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.899885, "energy": 37.613164, "activity_lines": [ 108.334667, 109.012728, 110.114, 109.616688 ] }, { "date": "2024-07-26", "close": 106.739998, "volume": 661, "typical_volume": 758.15, "trend": 108.346667, "fair_value": 125.723974, "relative_strength": -9.518163, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.461677, "energy": 39.248462, "activity_lines": [ 107.876, 108.423273, 109.757904, 109.512731 ] }, { "date": "2024-08-02", "close": 108.400002, "volume": 50, "typical_volume": 747.5, "trend": 108.494, "fair_value": 125.442179, "relative_strength": -4.920692, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.821296, "energy": 18.732068, "activity_lines": [ 108.106667, 108.283637, 109.579905, 109.516172 ] }, { "date": "2024-08-09", "close": 106.480003, "volume": 2016, "typical_volume": 812.85, "trend": 108.616667, "fair_value": 125.14641, "relative_strength": -6.204459, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.66379, "energy": 31.022553, "activity_lines": [ 107.616001, 107.857455, 109.233334, 109.386237 ] }, { "date": "2024-08-16", "close": 106.480003, "volume": 0, "typical_volume": 753.45, "trend": 108.764, "fair_value": 124.88282, "relative_strength": -8.351456, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.692877, "energy": 47.834616, "activity_lines": [ 107.113335, 107.51491, 108.905524, 109.248387 ] }, { "date": "2024-08-23", "close": 105.879997, "volume": 46, "typical_volume": 722.5, "trend": 108.824, "fair_value": 124.58859, "relative_strength": -9.760531, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.078258, "energy": 58.95009, "activity_lines": [ 106.553334, 107.149455, 108.532381, 109.062323 ] }, { "date": "2024-08-30", "close": 107.599998, "volume": 179, "typical_volume": 716.0, "trend": 109.210667, "fair_value": 124.297436, "relative_strength": -8.65776, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.078026, "energy": 61.614011, "activity_lines": [ 106.821333, 107.175636, 108.345905, 108.983355 ] }, { "date": "2024-09-06", "close": 104.440002, "volume": 108, "typical_volume": 682.2, "trend": 109.260667, "fair_value": 123.946923, "relative_strength": -7.152539, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.371235, "energy": 70.241463, "activity_lines": [ 105.978667, 106.648728, 107.858096, 108.67557 ] }, { "date": "2024-09-13", "close": 102.239998, "volume": 117, "typical_volume": 671.2, "trend": 109.158, "fair_value": 123.618205, "relative_strength": -9.801124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.644393, "energy": 81.389497, "activity_lines": [ 104.666666, 105.771636, 107.189429, 108.222624 ] }, { "date": "2024-09-20", "close": 103.300003, "volume": 930, "typical_volume": 712.2, "trend": 109.001333, "fair_value": 123.296154, "relative_strength": -7.801941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.645144, "energy": 78.794655, "activity_lines": [ 103.990667, 105.161091, 106.662667, 107.844688 ] }, { "date": "2024-09-27", "close": 123.900002, "volume": 976, "typical_volume": 373.45, "trend": 109.501333, "fair_value": 123.096795, "relative_strength": 7.86347, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.760393, "energy": 26.845049, "activity_lines": [ 110.393335, 108.392728, 108.151905, 108.805893 ] }, { "date": "2024-10-04", "close": 145.5, "volume": 2868, "typical_volume": 503.3, "trend": 110.653333, "fair_value": 123.035897, "relative_strength": 28.638238, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.580332, "energy": 94.70247, "activity_lines": [ 122.794668, 115.293455, 111.650572, 111.128387 ] }, { "date": "2024-10-11", "close": 130.720001, "volume": 4521, "typical_volume": 718.4, "trend": 111.297333, "fair_value": 122.881026, "relative_strength": 13.902585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.030247, "energy": 84.521624, "activity_lines": [ 127.742668, 118.802182, 113.59581, 112.423011 ] }, { "date": "2024-10-18", "close": 128.300003, "volume": 4971, "typical_volume": 954.2, "trend": 111.893333, "fair_value": 122.689231, "relative_strength": 10.153182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.51765, "energy": 76.547137, "activity_lines": [ 130.132002, 121.465092, 115.220667, 113.519958 ] }, { "date": "2024-10-25", "close": 127.959999, "volume": 7725, "typical_volume": 1327.25, "trend": 112.526667, "fair_value": 122.497308, "relative_strength": 11.153712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.755547, "energy": 85.476278, "activity_lines": [ 130.670667, 123.669455, 116.731144, 114.556517 ] }, { "date": "2024-11-01", "close": 126.339996, "volume": 4091, "typical_volume": 1529.8, "trend": 113.048667, "fair_value": 122.314103, "relative_strength": 11.676839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.885214, "energy": 58.229255, "activity_lines": [ 129.025332, 125.188727, 118.007619, 115.447699 ] }, { "date": "2024-11-08", "close": 130.100006, "volume": 746, "typical_volume": 1546.15, "trend": 113.801334, "fair_value": 122.142949, "relative_strength": 16.452761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.08709, "energy": 51.276473, "activity_lines": [ 128.470668, 127.019637, 119.565429, 116.547786 ] }, { "date": "2024-11-15", "close": 125.720001, "volume": 90, "typical_volume": 1534.7, "trend": 114.31, "fair_value": 121.952051, "relative_strength": 14.021093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.789747, "energy": 37.556354, "activity_lines": [ 127.482668, 127.645092, 120.604572, 117.316732 ] }, { "date": "2024-11-22", "close": 123.419998, "volume": 1803, "typical_volume": 1618.9, "trend": 114.729334, "fair_value": 121.747436, "relative_strength": 10.997623, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.239968, "energy": 30.518061, "activity_lines": [ 126.061334, 127.465455, 121.336381, 117.904474 ] }, { "date": "2024-11-29", "close": 125.519997, "volume": 253, "typical_volume": 1625.85, "trend": 115.091333, "fair_value": 121.548077, "relative_strength": 12.26546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.787665, "energy": 28.121845, "activity_lines": [ 125.665333, 127.282545, 122.186667, 118.600645 ] }, { "date": "2024-12-06", "close": 127.5, "volume": 5434, "typical_volume": 1879.25, "trend": 115.545334, "fair_value": 121.316795, "relative_strength": 13.569795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.804919, "energy": 25.928913, "activity_lines": [ 126.091999, 127.055636, 123.145048, 119.401205 ] }, { "date": "2024-12-13", "close": 125.5, "volume": 2635, "typical_volume": 1977.95, "trend": 115.899334, "fair_value": 121.118718, "relative_strength": 12.327191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.161407, "energy": 21.861184, "activity_lines": [ 125.774666, 126.399636, 123.828191, 120.043441 ] }, { "date": "2024-12-20", "close": 124.959999, "volume": 20, "typical_volume": 1976.45, "trend": 116.336667, "fair_value": 120.903077, "relative_strength": 14.503478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.872403, "energy": 20.814326, "activity_lines": [ 125.583999, 126.00909, 124.370571, 120.628 ] }, { "date": "2024-12-27", "close": 126.160004, "volume": 41, "typical_volume": 1877.7, "trend": 116.839334, "fair_value": 120.68641, "relative_strength": 13.270911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.421819, "energy": 22.911503, "activity_lines": [ 125.844001, 125.941455, 124.948381, 121.261764 ] }, { "date": "2025-01-03", "close": 117.959999, "volume": 219, "typical_volume": 1888.65, "trend": 117.064, "fair_value": 120.443462, "relative_strength": 5.4129, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.874398, "energy": 9.781864, "activity_lines": [ 123.188001, 124.421818, 124.651524, 121.334065 ] }, { "date": "2025-01-10", "close": 117.68, "volume": 132, "typical_volume": 1892.95, "trend": 117.312667, "fair_value": 120.223462, "relative_strength": 3.495305, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -4.98062, "energy": 18.375958, "activity_lines": [ 120.942667, 123.033091, 124.273334, 121.373807 ] }, { "date": "2025-01-17", "close": 119.699997, "volume": 1186, "typical_volume": 1943.3, "trend": 117.676667, "fair_value": 119.997308, "relative_strength": 3.359146, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.036239, "energy": 35.768012, "activity_lines": [ 120.025333, 122.16909, 124.031333, 121.527828 ] }, { "date": "2025-01-24", "close": 122.82, "volume": 927, "typical_volume": 1984.25, "trend": 118.198, "fair_value": 119.832179, "relative_strength": 3.313197, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.036663, "energy": 30.297667, "activity_lines": [ 120.534666, 122.061454, 124.028857, 121.859656 ] }, { "date": "2025-01-31", "close": 123.519997, "volume": 765, "typical_volume": 2016.65, "trend": 118.772, "fair_value": 119.673846, "relative_strength": 1.09264, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 6.90198, "energy": 18.775697, "activity_lines": [ 121.419998, 122.133817, 124.005523, 122.203011 ] }, { "date": "2025-02-07", "close": 123.959999, "volume": 7311, "typical_volume": 2335.7, "trend": 119.283333, "fair_value": 119.508718, "relative_strength": 1.369932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.6723, "energy": 15.009675, "activity_lines": [ 122.627998, 122.284363, 123.922761, 122.53772 ] }, { "date": "2025-02-14", "close": 127.059998, "volume": 7709, "typical_volume": 2672.35, "trend": 119.862, "fair_value": 119.366923, "relative_strength": 1.792225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.748474, "energy": 33.723373, "activity_lines": [ 124.469332, 123.026908, 124.036856, 123.039441 ] }, { "date": "2025-02-21", "close": 127.860001, "volume": 1546, "typical_volume": 2606.25, "trend": 120.566, "fair_value": 119.208974, "relative_strength": 1.476555, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.681132, "energy": 41.250211, "activity_lines": [ 125.951999, 123.922908, 124.212095, 123.555441 ] }, { "date": "2025-02-28", "close": 124.480003, "volume": 268, "typical_volume": 2393.6, "trend": 121.102, "fair_value": 119.093718, "relative_strength": -1.649469, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.85385, "energy": 37.745579, "activity_lines": [ 125.764001, 124.161454, 124.149428, 123.807957 ] }, { "date": "2025-03-07", "close": 126.959999, "volume": 461, "typical_volume": 2168.1, "trend": 121.784667, "fair_value": 119.015769, "relative_strength": -0.280095, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.805479, "energy": 46.733705, "activity_lines": [ 126.292, 124.859636, 124.352666, 124.185892 ] }, { "date": "2025-03-14", "close": 130.820007, "volume": 8259, "typical_volume": 2194.8, "trend": 122.596, "fair_value": 118.947308, "relative_strength": 3.902991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.755651, "energy": 68.999279, "activity_lines": [ 127.877336, 126.245092, 124.929905, 124.768817 ] }, { "date": "2025-03-21", "close": 126.160004, "volume": 2134, "typical_volume": 2096.95, "trend": 123.272, "fair_value": 118.876539, "relative_strength": -1.04714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.686544, "energy": 37.963422, "activity_lines": [ 127.452003, 126.549456, 125.049715, 124.998753 ] }, { "date": "2025-03-28", "close": 126.360001, "volume": 278, "typical_volume": 2073.55, "trend": 123.897334, "fair_value": 118.812308, "relative_strength": 0.813585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.853212, "energy": 33.485009, "activity_lines": [ 127.153336, 126.736002, 125.189429, 125.197979 ] }, { "date": "2025-04-04", "close": 118.720001, "volume": 1655, "typical_volume": 2151.8, "trend": 124.373334, "fair_value": 118.702308, "relative_strength": 4.291409, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -5.932523, "energy": 5.366819, "activity_lines": [ 124.408002, 125.412365, 124.619334, 124.863958 ] }, { "date": "2025-04-11", "close": 119.860001, "volume": 813, "typical_volume": 2102.3, "trend": 124.960667, "fair_value": 118.614872, "relative_strength": 8.863932, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.111205, "energy": 35.6529, "activity_lines": [ 122.426668, 124.370547, 124.191144, 124.572775 ] }, { "date": "2025-04-18", "close": 120.860001, "volume": 1278, "typical_volume": 2153.55, "trend": 125.546, "fair_value": 118.543462, "relative_strength": 5.686203, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.640883, "energy": 45.153727, "activity_lines": [ 121.252001, 123.577093, 123.875144, 124.308216 ] }, { "date": "2025-04-25", "close": 122.639999, "volume": 1897, "typical_volume": 1976.7, "trend": 125.504, "fair_value": 118.513205, "relative_strength": 4.616083, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.528156, "energy": 49.352926, "activity_lines": [ 121.334667, 123.163638, 123.750858, 124.120732 ] }, { "date": "2025-05-02", "close": 123.739998, "volume": 34, "typical_volume": 1846.65, "trend": 124.778667, "fair_value": 118.536539, "relative_strength": 2.883826, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.172379, "energy": 42.175639, "activity_lines": [ 122.018666, 123.030546, 123.754477, 124.006925 ] }, { "date": "2025-05-09", "close": 124.980003, "volume": 772, "typical_volume": 1884.25, "trend": 124.587334, "fair_value": 118.550128, "relative_strength": 5.211794, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.032343, "energy": 14.084406, "activity_lines": [ 123.290667, 123.197819, 123.884572, 124.019915 ] }, { "date": "2025-05-16", "close": 126.879997, "volume": 820, "typical_volume": 1923.2, "trend": 124.54, "fair_value": 118.552564, "relative_strength": 4.513843, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.454952, "energy": 15.693517, "activity_lines": [ 124.778666, 123.701455, 124.195524, 124.167828 ] }, { "date": "2025-05-23", "close": 127.900002, "volume": 1846, "typical_volume": 2004.55, "trend": 124.538, "fair_value": 118.574615, "relative_strength": 6.301212, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.428163, "energy": 25.34105, "activity_lines": [ 126.138667, 124.392, 124.600191, 124.384603 ] }, { "date": "2025-05-30", "close": 127.220001, "volume": 752, "typical_volume": 2035.55, "trend": 124.567334, "fair_value": 118.556795, "relative_strength": 5.254789, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.862032, "energy": 35.990942, "activity_lines": [ 126.802667, 125.012, 124.892763, 124.557635 ] }, { "date": "2025-06-06", "close": 127.059998, "volume": 318, "typical_volume": 1992.15, "trend": 124.466, "fair_value": 118.526923, "relative_strength": 3.698128, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.899803, "energy": 54.35681, "activity_lines": [ 127.108, 125.583636, 125.124667, 124.718452 ] }, { "date": "2025-06-13", "close": 128.0, "volume": 101, "typical_volume": 1950.85, "trend": 124.542, "fair_value": 118.47, "relative_strength": 6.073127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.383865, "energy": 58.272363, "activity_lines": [ 127.505333, 126.313454, 125.411048, 124.946452 ] }, { "date": "2025-06-20", "close": 127.099998, "volume": 351, "typical_volume": 1930.15, "trend": 124.664667, "fair_value": 118.409103, "relative_strength": 7.421214, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.636165, "energy": 48.485679, "activity_lines": [ 127.401333, 126.710909, 125.587048, 125.111484 ] }, { "date": "2025-06-27", "close": 130.460007, "volume": 60, "typical_volume": 1567.6, "trend": 124.829334, "fair_value": 118.374231, "relative_strength": 8.84706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.879459, "energy": 55.187439, "activity_lines": [ 128.402668, 127.587637, 126.066001, 125.485377 ] }, { "date": "2025-07-04", "close": 133.059998, "volume": 717, "typical_volume": 1218.0, "trend": 125.014667, "fair_value": 118.35359, "relative_strength": 10.609685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.781956, "energy": 78.374456, "activity_lines": [ 130.100001, 128.762546, 126.76162, 126.016388 ] }, { "date": "2025-07-11", "close": 133.660004, "volume": 342, "typical_volume": 1157.8, "trend": 125.286667, "fair_value": 118.337308, "relative_strength": 10.921992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.205565, "energy": 91.176986, "activity_lines": [ 131.608002, 129.857092, 127.48581, 126.574151 ] }, { "date": "2025-07-18", "close": 134.899994, "volume": 200, "typical_volume": 1154.4, "trend": 125.618, "fair_value": 118.353718, "relative_strength": 11.050807, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.131998, "energy": 93.853677, "activity_lines": [ 133.089333, 130.996727, 128.300476, 127.194366 ] }, { "date": "2025-07-25", "close": 138.380005, "volume": 360, "typical_volume": 1149.35, "trend": 126.025334, "fair_value": 118.375385, "relative_strength": 13.559553, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.328981, "energy": 96.327811, "activity_lines": [ 135.270668, 132.588728, 129.396953, 128.017721 ] }, { "date": "2025-08-01", "close": 135.119995, "volume": 156, "typical_volume": 744.2, "trend": 126.597334, "fair_value": 118.422821, "relative_strength": 11.524508, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.9616, "energy": 87.51632, "activity_lines": [ 135.613332, 133.378909, 130.128571, 128.604473 ] }, { "date": "2025-08-08", "close": 138.179993, "volume": 120, "typical_volume": 643.5, "trend": 127.280667, "fair_value": 118.453462, "relative_strength": 13.185782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.53717, "energy": 87.895539, "activity_lines": [ 136.66533, 134.59418, 131.131142, 129.351742 ] }, { "date": "2025-08-15", "close": 140.860001, "volume": 321, "typical_volume": 645.65, "trend": 127.986, "fair_value": 118.501282, "relative_strength": 12.780632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.7646, "energy": 88.698564, "activity_lines": [ 138.269331, 136.097453, 132.331714, 130.227828 ] }, { "date": "2025-08-22", "close": 148.860001, "volume": 24, "typical_volume": 564.1, "trend": 128.854, "fair_value": 118.612308, "relative_strength": 16.56257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.613834, "energy": 93.25374, "activity_lines": [ 142.059999, 138.804363, 134.225142, 131.574538 ] }, { "date": "2025-08-29", "close": 154.5, "volume": 5117, "typical_volume": 779.3, "trend": 129.886667, "fair_value": 118.790385, "relative_strength": 20.847559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.107744, "energy": 98.665184, "activity_lines": [ 146.799999, 142.157454, 136.51219, 133.229118 ] }, { "date": "2025-09-05", "close": 151.259995, "volume": 830, "typical_volume": 756.9, "trend": 130.796667, "fair_value": 118.937308, "relative_strength": 15.829064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.304314, "energy": 92.827829, "activity_lines": [ 149.385332, 144.423271, 138.325713, 134.608043 ] }, { "date": "2025-09-12", "close": 153.979996, "volume": 597, "typical_volume": 691.9, "trend": 131.694, "fair_value": 119.162692, "relative_strength": 18.726546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.54851, "energy": 93.205261, "activity_lines": [ 151.801331, 146.805452, 140.253523, 136.103741 ] }, { "date": "2025-09-19", "close": 154.320007, "volume": 975, "typical_volume": 738.95, "trend": 132.576, "fair_value": 119.421667, "relative_strength": 18.936915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.018727, "energy": 86.943343, "activity_lines": [ 153.277334, 148.86909, 142.064476, 137.563484 ] }, { "date": "2025-09-26", "close": 154.100006, "volume": 181, "typical_volume": 709.4, "trend": 133.563334, "fair_value": 119.673462, "relative_strength": 19.957413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.709665, "energy": 69.529134, "activity_lines": [ 153.782669, 150.517092, 143.708857, 138.952129 ] }, { "date": "2025-10-03", "close": 159.139999, "volume": 119, "typical_volume": 674.35, "trend": 134.636, "fair_value": 119.916795, "relative_strength": 18.036388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.907923, "energy": 75.034939, "activity_lines": [ 155.618668, 152.732364, 145.694571, 140.602237 ] }, { "date": "2025-10-10", "close": 156.5, "volume": 647, "typical_volume": 614.4, "trend": 135.492, "fair_value": 120.203205, "relative_strength": 15.94891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.706851, "energy": 68.437594, "activity_lines": [ 156.265335, 154.090182, 147.275238, 142.012817 ] }, { "date": "2025-10-17", "close": 156.100006, "volume": 1663, "typical_volume": 659.95, "trend": 136.49, "fair_value": 120.49359, "relative_strength": 13.769049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.512473, "energy": 66.393032, "activity_lines": [ 156.429336, 154.986547, 148.68162, 143.342366 ] }, { "date": "2025-10-24", "close": 159.367905, "volume": 555, "typical_volume": 671.8, "trend": 137.590264, "fair_value": 120.840051, "relative_strength": 16.406687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.530785, "energy": 69.984921, "activity_lines": [ 157.541304, 156.151257, 150.261706, 144.81836 ] }, { "date": "2025-10-31", "close": 158.380005, "volume": 11328, "typical_volume": 1233.15, "trend": 138.912264, "fair_value": 121.123384, "relative_strength": 18.341315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.933085, "energy": 65.41863, "activity_lines": [ 157.987444, 156.799841, 151.593859, 146.159633 ] }, { "date": "2025-11-07", "close": 160.240005, "volume": 346, "typical_volume": 1232.9, "trend": 140.258264, "fair_value": 121.381333, "relative_strength": 18.69179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.667547, "energy": 67.142913, "activity_lines": [ 158.768251, 157.613516, 152.958489, 147.535617 ] }, { "date": "2025-11-14", "close": 160.800003, "volume": 107, "typical_volume": 1235.25, "trend": 141.589597, "fair_value": 121.646718, "relative_strength": 15.551949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.384516, "energy": 67.274157, "activity_lines": [ 159.662391, 158.424646, 154.218642, 148.86089 ] }, { "date": "2025-11-21", "close": 151.860001, "volume": 388, "typical_volume": 1218.8, "trend": 142.563597, "fair_value": 121.894282, "relative_strength": 8.858991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.772513, "energy": 50.61944, "activity_lines": [ 157.289863, 157.436865, 154.48289, 149.523497 ] }, { "date": "2025-11-28", "close": 156.039993, "volume": 702, "typical_volume": 1236.8, "trend": 143.640264, "fair_value": 122.12582, "relative_strength": 9.816307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.142408, "energy": 44.160387, "activity_lines": [ 156.593333, 157.247629, 155.055708, 150.392942 ] }, { "date": "2025-12-05", "close": 158.580002, "volume": 1817, "typical_volume": 1317.65, "trend": 144.760264, "fair_value": 122.358769, "relative_strength": 10.445562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.622363, "energy": 43.065105, "activity_lines": [ 156.965333, 157.48894, 155.763861, 151.356796 ] }, { "date": "2025-12-12", "close": 160.279999, "volume": 748, "typical_volume": 1337.05, "trend": 145.873597, "fair_value": 122.599923, "relative_strength": 11.722323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.276769, "energy": 42.999702, "activity_lines": [ 157.890666, 157.957886, 156.521157, 152.358069 ] }, { "date": "2025-12-19", "close": 158.979996, "volume": 142, "typical_volume": 1336.35, "trend": 146.909597, "fair_value": 122.875692, "relative_strength": 8.219255, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.749268, "energy": 49.68402, "activity_lines": [ 158.379998, 158.169742, 157.050357, 153.203643 ] }, { "date": "2025-12-26", "close": 162.580002, "volume": 406, "typical_volume": 1350.65, "trend": 148.088264, "fair_value": 123.157871, "relative_strength": 9.813503, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.386067, "energy": 59.513883, "activity_lines": [ 160.190666, 158.991053, 157.808796, 154.214637 ] }, { "date": "2026-01-02", "close": 162.100006, "volume": 353, "typical_volume": 1352.25, "trend": 149.256264, "fair_value": 123.36941, "relative_strength": 8.897885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.142, "energy": 63.578025, "activity_lines": [ 161.126668, 159.607274, 158.40533, 155.11862 ] }, { "date": "2026-01-09", "close": 169.259995, "volume": 875, "typical_volume": 1394.8, "trend": 150.631597, "fair_value": 123.611333, "relative_strength": 11.895752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.727021, "energy": 87.069427, "activity_lines": [ 164.045333, 161.475636, 159.582625, 156.409184 ] }, { "date": "2026-01-16", "close": 169.380005, "volume": 581, "typical_volume": 1168.0, "trend": 152.040931, "fair_value": 123.852102, "relative_strength": 11.540497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.19201, "energy": 92.726148, "activity_lines": [ 166.292002, 163.168001, 160.674207, 157.618758 ] }, { "date": "2026-01-23", "close": 168.979996, "volume": 820, "typical_volume": 1167.5, "trend": 153.32493, "fair_value": 124.073384, "relative_strength": 12.984011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.903418, "energy": 90.019014, "activity_lines": [ 167.798667, 164.621454, 161.656835, 158.711601 ] }, { "date": "2026-01-30", "close": 168.820007, "volume": 1152, "typical_volume": 1195.25, "trend": 154.516931, "fair_value": 124.298128, "relative_strength": 11.958106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.802975, "energy": 87.46811, "activity_lines": [ 168.585335, 165.897092, 162.539846, 159.711284 ] }, { "date": "2026-02-06", "close": 168.559998, "volume": 1132, "typical_volume": 1203.1, "trend": 155.680264, "fair_value": 124.548512, "relative_strength": 9.262714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.023665, "energy": 73.421218, "activity_lines": [ 168.869334, 166.817092, 163.327427, 160.617288 ] }, { "date": "2026-02-13", "close": 168.300003, "volume": 7396, "typical_volume": 1563.85, "trend": 156.793598, "fair_value": 124.806205, "relative_strength": 7.293159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.134798, "energy": 58.898847, "activity_lines": [ 168.636002, 167.462183, 164.022437, 161.431465 ] }, { "date": "2026-02-20", "close": 169.020004, "volume": 1693, "typical_volume": 1642.55, "trend": 157.814931, "fair_value": 125.09441, "relative_strength": 5.330319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.667462, "energy": 57.867473, "activity_lines": [ 168.706669, 168.061456, 164.7184, 162.220265 ] }, { "date": "2026-02-27", "close": 173.360001, "volume": 259, "typical_volume": 1623.15, "trend": 159.089598, "fair_value": 125.372359, "relative_strength": 6.349317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.277506, "energy": 65.454481, "activity_lines": [ 170.248002, 169.290911, 165.780648, 163.223173 ] }, { "date": "2026-03-06", "close": 169.759995, "volume": 1253, "typical_volume": 1602.65, "trend": 160.142264, "fair_value": 125.654282, "relative_strength": 10.850697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.027307, "energy": 52.802211, "activity_lines": [ 170.297333, 169.604364, 166.419753, 163.911586 ] }, { "date": "2026-03-13", "close": 171.600006, "volume": 724, "typical_volume": 1611.1, "trend": 161.166931, "fair_value": 125.963384, "relative_strength": 13.683614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.693363, "energy": 52.834252, "activity_lines": [ 170.897335, 170.12182, 167.169049, 164.650795 ] }, { "date": "2026-03-20", "close": 163.860001, "volume": 306, "typical_volume": 1060.0, "trend": 161.666931, "fair_value": 126.193897, "relative_strength": 12.450802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.755146, "energy": 31.604102, "activity_lines": [ 168.714668, 169.059274, 167.122953, 164.824541 ] }, { "date": "2026-03-27", "close": 162.300003, "volume": 1330, "typical_volume": 1109.2, "trend": 161.926931, "fair_value": 126.418641, "relative_strength": 8.629171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.743599, "energy": 16.521863, "activity_lines": [ 166.308002, 167.811274, 166.902192, 164.865385 ] }, { "date": "2026-04-03", "close": 163.360001, "volume": 907, "typical_volume": 1149.2, "trend": 162.330265, "fair_value": 126.645179, "relative_strength": 5.462912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.991105, "energy": 19.777636, "activity_lines": [ 164.702668, 166.884729, 166.772573, 164.957841 ] }, { "date": "2026-04-10", "close": 169.779999, "volume": 661, "typical_volume": 1162.85, "trend": 162.856932, "fair_value": 126.90441, "relative_strength": 7.549972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.990796, "energy": 23.142457, "activity_lines": [ 165.904001, 167.227637, 167.242192, 165.438469 ] }, { "date": "2026-04-17", "close": 174.740005, "volume": 759, "typical_volume": 1165.7, "trend": 163.537598, "fair_value": 127.207743, "relative_strength": 8.224454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.952479, "energy": 30.771067, "activity_lines": [ 168.757335, 168.454911, 168.098859, 166.205119 ] }, { "date": "2026-04-24", "close": 175.580002, "volume": 783, "typical_volume": 1114.0, "trend": 164.253598, "fair_value": 127.519154, "relative_strength": 10.32663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.980459, "energy": 61.384726, "activity_lines": [ 171.681335, 169.722547, 168.946478, 166.982048 ] }, { "date": "2026-05-01", "close": 177.479996, "volume": 132, "typical_volume": 1083.2, "trend": 164.864931, "fair_value": 127.860948, "relative_strength": 11.200408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.948673, "energy": 79.966139, "activity_lines": [ 174.457333, 171.203274, 169.894096, 167.835364 ] }, { "date": "2026-05-08", "close": 181.880005, "volume": 1451, "typical_volume": 1148.65, "trend": 165.710931, "fair_value": 128.238, "relative_strength": 13.629939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.066464, "energy": 89.418299, "activity_lines": [ 177.688002, 173.330183, 171.178859, 168.933111 ] }, { "date": "2026-05-15", "close": 179.199997, "volume": 249, "typical_volume": 1140.8, "trend": 166.480931, "fair_value": 128.609538, "relative_strength": 10.375362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.565915, "energy": 82.751687, "activity_lines": [ 178.790667, 174.81491, 172.099334, 169.803373 ] }, { "date": "2026-05-22", "close": 179.580002, "volume": 15966, "typical_volume": 1921.45, "trend": 167.154668, "fair_value": 129.000051, "relative_strength": 7.815799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.175788, "energy": 79.708593, "activity_lines": [ 179.392, 176.197092, 172.976858, 170.648474 ] }, { "date": "2026-05-29", "close": 184.639999, "volume": 220, "typical_volume": 1888.7, "trend": 168.030001, "fair_value": 129.427615, "relative_strength": 9.977115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.36553, "energy": 83.292156, "activity_lines": [ 181.357333, 178.354182, 174.253049, 171.77656 ] }, { "date": "2026-06-05", "close": 178.080002, "volume": 463, "typical_volume": 1882.8, "trend": 168.624667, "fair_value": 129.829025, "relative_strength": 6.791915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.549557, "energy": 55.832715, "activity_lines": [ 180.532001, 178.940728, 174.831239, 172.424947 ] }, { "date": "2026-06-12", "close": 178.440002, "volume": 29, "typical_volume": 1843.25, "trend": 169.212667, "fair_value": 130.195179, "relative_strength": 4.112999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.029697, "energy": 51.416939, "activity_lines": [ 179.786668, 179.305819, 175.402287, 173.058195 ] }, { "date": "2026-06-19", "close": 185.820007, "volume": 150, "typical_volume": 1793.15, "trend": 170.344668, "fair_value": 130.653897, "relative_strength": 7.439364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.93615, "energy": 61.902212, "activity_lines": [ 181.73067, 180.738547, 176.631144, 174.129636 ] }, { "date": "2026-06-26", "close": 182.699997, "volume": 73, "typical_volume": 1740.2, "trend": 171.233334, "fair_value": 131.092231, "relative_strength": 2.350049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.938639, "energy": 51.163343, "activity_lines": [ 182.193335, 181.312365, 177.481906, 174.926754 ] }, { "date": "2026-07-03", "close": 181.419998, "volume": 299, "typical_volume": 1385.35, "trend": 171.994668, "fair_value": 131.517872, "relative_strength": -0.361951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.596448, "energy": 48.366028, "activity_lines": [ 182.021334, 181.508728, 178.143429, 175.583958 ] }, { "date": "2026-07-10", "close": 180.259995, "volume": 3797, "typical_volume": 1490.55, "trend": 172.660667, "fair_value": 131.910564, "relative_strength": 0.092849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.688449, "energy": 46.451109, "activity_lines": [ 181.677332, 181.388, 178.632, 176.117205 ] }, { "date": "2026-07-17", "close": 170.919998, "volume": 2842, "typical_volume": 1619.7, "trend": 173.058668, "fair_value": 132.261077, "relative_strength": -5.906158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.638429, "energy": 12.962645, "activity_lines": [ 178.074664, 179.518545, 178.177524, 176.004904 ] }, { "date": "2026-07-24", "close": 174.240005, "volume": 1212, "typical_volume": 1617.65, "trend": 173.447334, "fair_value": 132.584154, "relative_strength": -4.053521, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.615645, "energy": 19.04517, "activity_lines": [ 176.08, 178.452, 178.050858, 176.081119 ] }, { "date": "2026-07-31", "close": 173.259995, "volume": 1452, "typical_volume": 1654.05, "trend": 173.819334, "fair_value": 132.910948, "relative_strength": -4.814596, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -0.435988, "energy": 19.671104, "activity_lines": [ 174.530665, 177.297454, 177.809524, 176.069033 ] }, { "date": "2026-08-07", "close": 178.619995, "volume": 641, "typical_volume": 1670.8, "trend": 174.131334, "fair_value": 133.295692, "relative_strength": -3.304236, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.459642, "energy": 20.43416, "activity_lines": [ 175.397331, 177.232362, 178.070761, 176.378753 ] } ], "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." } } }