{ "ticker": { "uuid": "11e02748-096c-42f9-bc7f-e852ac4b074e", "symbol": "CNAA", "name": "Amundi MSCI China A UCITS ETF Acc", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 6.884, "architecture_energy": 23.312, "architecture_maturity": 100.0, "architecture_confidence": 80.525, "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": 55.84, "rotation_up": 18.51, "upward_expansion": 39.25, "deceleration": 85.13, "rotation_down": 46.64, "downward_expansion": 39.92 }, "activity_lines": [ 170.802003, 173.353093, 173.931192, 172.305743 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 174.520004, "trend_reference": 170.152, "distance_from_trend": 0.025671, "trend_direction": "Improving", "fair_value": 142.198141, "distance_from_fair_value": 0.227302, "fair_value_direction": "Weakening", "relative_strength": -8.824377, "relative_strength_direction": "Weakening", "price_momentum": 0.064146, "excess_performance": -0.106745, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.025671, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031305, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.227302, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033135, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088244, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.090319, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.064146, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.928703, "read": "Supply-led" } ], "volume": { "latest": 4670, "relative_activity": 1.00741, "balance": 0.928703, "dry_up": 1.217035, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.033521, "annualized_volatility": 0.165045, "from_high_reference": -0.04425, "from_low_reference": 0.247106 }, "levels": { "trend_reference": 170.152, "fair_value_reference": 142.198141, "structural_low": 156.360001, "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": 21, "median_return": 0.009332, "positive_rate": 0.52381, "directional_follow_through": 0.52381, "median_excess_return": -0.024589, "regime_survival": 0.714286, "best_return": 0.066233, "worst_return": -0.089801, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.008556, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.026495, "regime_survival": 0.375, "best_return": 0.052006, "worst_return": -0.0991, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.022282, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.037301, "regime_survival": 0.6, "best_return": 0.103248, "worst_return": -0.087492, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.013546, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.010975, "regime_survival": 0.0, "best_return": 0.020369, "worst_return": 0.006722, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-12", "end": "2024-08-23", "tenure": "Developing", "return": -0.043919, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-09-20", "tenure": "New", "return": -0.036819, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.063382, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-03", "tenure": "Developing", "return": -0.009104, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-14", "tenure": "Developing", "return": 0.056489, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-14", "tenure": "New", "return": -0.026314, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.00513, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.022096, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-18", "tenure": "Established", "return": 0.078283, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-08-01", "tenure": "New", "return": -0.002521, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-08", "end": "2025-08-29", "tenure": "New", "return": 0.104144, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-12-05", "tenure": "Established", "return": 0.044141, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-12", "end": "2025-12-26", "tenure": "New", "return": 0.015813, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-08-07", "tenure": "Extended", "return": 0.084581, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 131.429993, "volume": 1724, "typical_volume": 3325.2, "trend": 145.118666, "fair_value": 163.530257, "relative_strength": -19.334698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.643402, "energy": 38.627352, "activity_lines": [ 135.735331, 135.775453, 137.704475, 140.677333 ] }, { "date": "2023-08-25", "close": 130.339996, "volume": 4732, "typical_volume": 3436.9, "trend": 144.044999, "fair_value": 163.379103, "relative_strength": -20.469516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.153549, "energy": 55.016623, "activity_lines": [ 133.688664, 134.767634, 136.740189, 139.72387 ] }, { "date": "2023-09-01", "close": 134.419998, "volume": 6981, "typical_volume": 3647.65, "trend": 143.294666, "fair_value": 163.265834, "relative_strength": -18.516231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.403712, "energy": 58.732714, "activity_lines": [ 133.191997, 134.667634, 136.264665, 139.102902 ] }, { "date": "2023-09-08", "close": 131.070007, "volume": 1751, "typical_volume": 3547.8, "trend": 142.409667, "fair_value": 163.16359, "relative_strength": -18.600168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.508643, "energy": 67.170369, "activity_lines": [ 132.097334, 133.956545, 135.546571, 138.314215 ] }, { "date": "2023-09-15", "close": 132.169998, "volume": 2539, "typical_volume": 3581.0, "trend": 141.704333, "fair_value": 163.040385, "relative_strength": -19.019694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.390601, "energy": 57.861549, "activity_lines": [ 132.033333, 133.497454, 135.010809, 137.653591 ] }, { "date": "2023-09-22", "close": 133.119995, "volume": 1803, "typical_volume": 3579.7, "trend": 141.044, "fair_value": 162.944487, "relative_strength": -16.762662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.052577, "energy": 41.53886, "activity_lines": [ 132.444665, 133.241817, 134.634951, 137.099763 ] }, { "date": "2023-09-29", "close": 133.699997, "volume": 2717, "typical_volume": 3260.3, "trend": 140.264333, "fair_value": 162.823013, "relative_strength": -14.616799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.429446, "energy": 36.168148, "activity_lines": [ 132.936665, 133.123271, 134.377999, 136.625956 ] }, { "date": "2023-10-06", "close": 131.850006, "volume": 2579, "typical_volume": 3230.5, "trend": 139.621667, "fair_value": 162.678526, "relative_strength": -13.661819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.391848, "energy": 34.525821, "activity_lines": [ 132.588, 132.659091, 133.993809, 136.083096 ] }, { "date": "2023-10-13", "close": 131.979996, "volume": 1267, "typical_volume": 3076.1, "trend": 139.040333, "fair_value": 162.51, "relative_strength": -14.098522, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.92745, "energy": 29.284973, "activity_lines": [ 132.453999, 132.406726, 133.680142, 135.590085 ] }, { "date": "2023-10-20", "close": 125.18, "volume": 3218, "typical_volume": 3103.5, "trend": 138.158666, "fair_value": 162.318846, "relative_strength": -15.193294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.132284, "energy": 49.287184, "activity_lines": [ 129.992666, 131.082545, 132.764856, 134.69587 ] }, { "date": "2023-10-27", "close": 126.68, "volume": 2169, "typical_volume": 3025.8, "trend": 137.326999, "fair_value": 162.134167, "relative_strength": -13.481831, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.170701, "energy": 68.634696, "activity_lines": [ 128.497333, 130.201454, 132.065856, 133.955311 ] }, { "date": "2023-11-03", "close": 128.160004, "volume": 1708, "typical_volume": 2964.0, "trend": 136.552999, "fair_value": 161.926795, "relative_strength": -16.101835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.280349, "energy": 70.370888, "activity_lines": [ 127.924668, 129.675819, 131.560428, 133.363892 ] }, { "date": "2023-11-10", "close": 127.730003, "volume": 2853, "typical_volume": 2991.85, "trend": 135.794666, "fair_value": 161.72609, "relative_strength": -15.393269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.292253, "energy": 74.028608, "activity_lines": [ 127.578002, 129.111637, 131.067905, 132.794666 ] }, { "date": "2023-11-17", "close": 126.709999, "volume": 5753, "typical_volume": 3097.0, "trend": 135.106333, "fair_value": 161.491923, "relative_strength": -18.414571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.057977, "energy": 67.409031, "activity_lines": [ 127.166001, 128.483637, 130.509571, 132.208559 ] }, { "date": "2023-11-24", "close": 126.029999, "volume": 5940, "typical_volume": 3270.55, "trend": 134.415666, "fair_value": 161.260834, "relative_strength": -18.216164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.651602, "energy": 54.001919, "activity_lines": [ 126.878667, 127.811273, 129.920857, 131.622989 ] }, { "date": "2023-12-01", "close": 125.110001, "volume": 5052, "typical_volume": 3342.8, "trend": 133.702999, "fair_value": 161.007436, "relative_strength": -19.590967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.70598, "energy": 55.774066, "activity_lines": [ 126.228001, 127.083273, 129.28181, 131.022623 ] }, { "date": "2023-12-08", "close": 123.330002, "volume": 3839, "typical_volume": 3406.2, "trend": 133.014666, "fair_value": 160.782372, "relative_strength": -21.307209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.186513, "energy": 69.379979, "activity_lines": [ 125.088667, 126.177274, 128.519667, 130.353398 ] }, { "date": "2023-12-15", "close": 120.919998, "volume": 3780, "typical_volume": 3223.9, "trend": 132.243333, "fair_value": 160.522628, "relative_strength": -22.075374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.725392, "energy": 81.432205, "activity_lines": [ 123.468, 125.021637, 127.574952, 129.573097 ] }, { "date": "2023-12-22", "close": 119.559998, "volume": 4733, "typical_volume": 3340.75, "trend": 131.507333, "fair_value": 160.248269, "relative_strength": -22.297235, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.155819, "energy": 90.280306, "activity_lines": [ 121.847999, 123.817455, 126.602048, 128.754817 ] }, { "date": "2023-12-29", "close": 122.510002, "volume": 2578, "typical_volume": 3385.8, "trend": 130.904333, "fair_value": 159.977757, "relative_strength": -19.716396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.371983, "energy": 78.88885, "activity_lines": [ 121.688, 123.375455, 126.012333, 128.174344 ] }, { "date": "2024-01-05", "close": 119.389999, "volume": 2877, "typical_volume": 3443.45, "trend": 130.293, "fair_value": 159.596282, "relative_strength": -21.312069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.875104, "energy": 78.83704, "activity_lines": [ 120.722666, 122.414727, 125.18281, 127.431484 ] }, { "date": "2024-01-12", "close": 117.349998, "volume": 4187, "typical_volume": 3416.2, "trend": 129.555666, "fair_value": 159.21109, "relative_strength": -22.040183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.58437, "energy": 78.495979, "activity_lines": [ 119.458666, 121.215636, 124.216333, 126.596451 ] }, { "date": "2024-01-19", "close": 116.050003, "volume": 6283, "typical_volume": 3381.3, "trend": 128.947, "fair_value": 158.796667, "relative_strength": -21.704974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.851257, "energy": 79.835082, "activity_lines": [ 118.16, 119.976727, 123.187905, 125.725118 ] }, { "date": "2024-01-26", "close": 119.43, "volume": 4401, "typical_volume": 3513.8, "trend": 128.463666, "fair_value": 158.435192, "relative_strength": -18.970582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.05069, "energy": 67.157785, "activity_lines": [ 118.312667, 119.564727, 122.568857, 125.111118 ] }, { "date": "2024-02-02", "close": 112.370003, "volume": 7774, "typical_volume": 3775.55, "trend": 127.747333, "fair_value": 157.98218, "relative_strength": -23.949412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.670659, "energy": 76.692435, "activity_lines": [ 116.120668, 118.001455, 121.332858, 124.072817 ] }, { "date": "2024-02-09", "close": 119.080002, "volume": 7152, "typical_volume": 4043.0, "trend": 127.221333, "fair_value": 157.48718, "relative_strength": -19.914125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.590748, "energy": 53.975497, "activity_lines": [ 116.841335, 117.906546, 120.830191, 123.513635 ] }, { "date": "2024-02-16", "close": 123.220001, "volume": 9543, "typical_volume": 4384.3, "trend": 126.889, "fair_value": 157.04641, "relative_strength": -18.092114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.935141, "energy": 34.786285, "activity_lines": [ 118.962668, 118.674001, 120.788667, 123.255484 ] }, { "date": "2024-02-23", "close": 124.480003, "volume": 13723, "typical_volume": 4941.5, "trend": 126.298333, "fair_value": 156.727693, "relative_strength": -19.095936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.682984, "energy": 17.986767, "activity_lines": [ 121.112669, 119.672547, 120.917049, 123.100065 ] }, { "date": "2024-03-01", "close": 126.470001, "volume": 14959, "typical_volume": 5626.1, "trend": 125.813, "fair_value": 156.431603, "relative_strength": -17.777317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.006905, "energy": 19.82019, "activity_lines": [ 123.364002, 120.968183, 121.270049, 123.11114 ] }, { "date": "2024-03-08", "close": 125.209999, "volume": 9470, "typical_volume": 5938.7, "trend": 125.501667, "fair_value": 156.153077, "relative_strength": -19.145513, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.660932, "energy": 23.351948, "activity_lines": [ 124.726001, 121.909092, 121.529286, 123.072237 ] }, { "date": "2024-03-15", "close": 127.879997, "volume": 11255, "typical_volume": 6393.0, "trend": 125.383333, "fair_value": 155.907116, "relative_strength": -18.01369, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.683743, "energy": 36.587196, "activity_lines": [ 126.121999, 123.286364, 122.042667, 123.225678 ] }, { "date": "2024-03-22", "close": 126.330002, "volume": 13150, "typical_volume": 6965.1, "trend": 125.249667, "fair_value": 155.644872, "relative_strength": -19.224021, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.846341, "energy": 36.702032, "activity_lines": [ 126.414667, 124.227455, 122.402715, 123.286753 ] }, { "date": "2024-03-29", "close": 125.510002, "volume": 3894, "typical_volume": 7017.15, "trend": 124.952667, "fair_value": 155.355193, "relative_strength": -20.01699, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.683347, "energy": 38.753597, "activity_lines": [ 126.226667, 124.856183, 122.693382, 123.303549 ] }, { "date": "2024-04-05", "close": 126.889999, "volume": 3041, "typical_volume": 6881.55, "trend": 124.813334, "fair_value": 155.097564, "relative_strength": -16.731014, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.153419, "energy": 29.597613, "activity_lines": [ 126.43, 125.563819, 123.126048, 123.428538 ] }, { "date": "2024-04-12", "close": 125.080002, "volume": 3636, "typical_volume": 6766.35, "trend": 124.577, "fair_value": 154.837885, "relative_strength": -16.7126, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.159247, "energy": 17.844105, "activity_lines": [ 126.002001, 125.806728, 123.385477, 123.445743 ] }, { "date": "2024-04-19", "close": 128.240005, "volume": 3693, "typical_volume": 6698.4, "trend": 124.414334, "fair_value": 154.561731, "relative_strength": -14.439966, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.698956, "energy": 25.588774, "activity_lines": [ 126.636002, 126.393092, 123.950382, 123.682065 ] }, { "date": "2024-04-26", "close": 129.110001, "volume": 3521, "typical_volume": 6682.5, "trend": 124.261334, "fair_value": 154.296026, "relative_strength": -14.0673, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.744416, "energy": 34.528441, "activity_lines": [ 127.536002, 126.971092, 124.583239, 123.985012 ] }, { "date": "2024-05-03", "close": 132.419998, "volume": 3570, "typical_volume": 6672.0, "trend": 124.280334, "fair_value": 154.071795, "relative_strength": -9.674964, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.252921, "energy": 70.631595, "activity_lines": [ 129.354001, 128.043819, 125.50381, 124.511377 ] }, { "date": "2024-05-10", "close": 132.399994, "volume": 11334, "typical_volume": 7002.05, "trend": 124.294334, "fair_value": 153.822244, "relative_strength": -11.8054, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.391134, "energy": 82.590133, "activity_lines": [ 130.704665, 128.968545, 126.367715, 125.035226 ] }, { "date": "2024-05-17", "close": 132.039993, "volume": 5480, "typical_volume": 7147.15, "trend": 124.523, "fair_value": 153.572244, "relative_strength": -13.309721, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.767344, "energy": 82.51617, "activity_lines": [ 131.567996, 129.719998, 127.13619, 125.534946 ] }, { "date": "2024-05-24", "close": 128.270004, "volume": 4898, "typical_volume": 7248.2, "trend": 124.576, "fair_value": 153.241795, "relative_strength": -12.951859, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.412033, "energy": 73.385562, "activity_lines": [ 130.710665, 129.661817, 127.500238, 125.776688 ] }, { "date": "2024-05-31", "close": 127.089996, "volume": 6597, "typical_volume": 7368.7, "trend": 124.540333, "fair_value": 152.909039, "relative_strength": -13.165054, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.099974, "energy": 42.088804, "activity_lines": [ 129.457997, 129.381998, 127.709619, 125.938882 ] }, { "date": "2024-06-07", "close": 126.989998, "volume": 4067, "typical_volume": 7257.9, "trend": 124.515667, "fair_value": 152.586923, "relative_strength": -13.099887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.974196, "energy": 23.218265, "activity_lines": [ 128.306664, 129.07018, 127.863095, 126.096924 ] }, { "date": "2024-06-14", "close": 127.800003, "volume": 3083, "typical_volume": 7192.0, "trend": 124.552, "fair_value": 152.288654, "relative_strength": -6.739293, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.678675, "energy": 26.330653, "activity_lines": [ 127.787333, 128.878726, 128.041619, 126.308817 ] }, { "date": "2024-06-21", "close": 125.370003, "volume": 4236, "typical_volume": 7015.1, "trend": 124.53, "fair_value": 151.943077, "relative_strength": -9.796688, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.069547, "energy": 21.721507, "activity_lines": [ 126.764668, 128.228909, 127.948857, 126.361591 ] }, { "date": "2024-06-28", "close": 123.809998, "volume": 4691, "typical_volume": 6892.05, "trend": 124.486667, "fair_value": 151.604423, "relative_strength": -10.084224, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.266509, "energy": 21.979192, "activity_lines": [ 125.666667, 127.290181, 127.645619, 126.31514 ] }, { "date": "2024-07-05", "close": 121.169998, "volume": 4682, "typical_volume": 6649.0, "trend": 124.414667, "fair_value": 151.241923, "relative_strength": -13.659544, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.259369, "energy": 43.653775, "activity_lines": [ 123.986, 125.951999, 127.068428, 126.101161 ] }, { "date": "2024-07-12", "close": 123.18, "volume": 2569, "typical_volume": 6091.3, "trend": 124.49, "fair_value": 150.888077, "relative_strength": -13.270771, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.102026, "energy": 47.69488, "activity_lines": [ 123.37, 125.123636, 126.692428, 126.021505 ] }, { "date": "2024-07-19", "close": 124.889999, "volume": 4311, "typical_volume": 5558.9, "trend": 124.667667, "fair_value": 150.540833, "relative_strength": -10.725043, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.204695, "energy": 48.763126, "activity_lines": [ 123.577999, 124.774181, 126.485476, 126.047312 ] }, { "date": "2024-07-26", "close": 120.839996, "volume": 3908, "typical_volume": 5280.8, "trend": 124.612, "fair_value": 150.226923, "relative_strength": -12.072496, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.506372, "energy": 56.705436, "activity_lines": [ 122.629998, 123.824908, 125.900332, 125.800365 ] }, { "date": "2024-08-02", "close": 122.010002, "volume": 3571, "typical_volume": 4896.6, "trend": 124.699333, "fair_value": 149.889295, "relative_strength": -5.748946, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.073759, "energy": 39.190293, "activity_lines": [ 122.373999, 123.291999, 125.447428, 125.632494 ] }, { "date": "2024-08-09", "close": 120.110001, "volume": 4103, "typical_volume": 4444.25, "trend": 124.791333, "fair_value": 149.527949, "relative_strength": -6.087262, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.78468, "energy": 49.173245, "activity_lines": [ 121.604667, 122.527454, 124.841523, 125.336408 ] }, { "date": "2024-08-16", "close": 119.779999, "volume": 3153, "typical_volume": 4407.2, "trend": 124.915667, "fair_value": 149.199359, "relative_strength": -9.433957, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.486033, "energy": 62.194212, "activity_lines": [ 120.796, 121.829818, 124.233809, 125.013096 ] }, { "date": "2024-08-23", "close": 117.769997, "volume": 4609, "typical_volume": 4485.6, "trend": 124.860333, "fair_value": 148.836987, "relative_strength": -12.091925, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.236511, "energy": 80.669438, "activity_lines": [ 119.543999, 120.897817, 123.461952, 124.552085 ] }, { "date": "2024-08-30", "close": 118.690002, "volume": 4448, "typical_volume": 4526.2, "trend": 125.071, "fair_value": 148.485641, "relative_strength": -12.746591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.842802, "energy": 77.621819, "activity_lines": [ 119.073333, 120.315454, 122.821142, 124.154 ] }, { "date": "2024-09-06", "close": 115.089996, "volume": 2177, "typical_volume": 4450.4, "trend": 124.938, "fair_value": 148.068975, "relative_strength": -12.137159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.852724, "energy": 86.631642, "activity_lines": [ 117.545999, 119.199999, 121.867904, 123.510064 ] }, { "date": "2024-09-13", "close": 113.029999, "volume": 3229, "typical_volume": 4435.8, "trend": 124.598333, "fair_value": 147.666603, "relative_strength": -13.914051, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.288151, "energy": 92.029056, "activity_lines": [ 115.793332, 117.868544, 120.781094, 122.741806 ] }, { "date": "2024-09-20", "close": 114.32, "volume": 1924, "typical_volume": 4353.5, "trend": 124.259666, "fair_value": 147.27891, "relative_strength": -12.8869, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.516335, "energy": 85.724769, "activity_lines": [ 114.942666, 116.919635, 119.893713, 122.078687 ] }, { "date": "2024-09-27", "close": 136.0, "volume": 7657, "typical_volume": 4169.65, "trend": 124.577333, "fair_value": 147.021218, "relative_strength": 1.162952, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -7.626539, "energy": 8.837199, "activity_lines": [ 121.682666, 120.073636, 121.157285, 122.836128 ] }, { "date": "2024-10-04", "close": 161.360001, "volume": 15833, "typical_volume": 4687.3, "trend": 125.782333, "fair_value": 146.898782, "relative_strength": 24.036533, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.208175, "energy": 54.900914, "activity_lines": [ 135.660667, 127.636545, 124.818952, 125.209204 ] }, { "date": "2024-10-11", "close": 144.619995, "volume": 13193, "typical_volume": 5102.05, "trend": 126.340333, "fair_value": 146.670833, "relative_strength": 9.103514, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 69.135187, "energy": 62.822715, "activity_lines": [ 141.213999, 131.41909, 126.746713, 126.424537 ] }, { "date": "2024-10-18", "close": 141.690002, "volume": 8569, "typical_volume": 5200.65, "trend": 126.852333, "fair_value": 146.407821, "relative_strength": 4.458944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.693323, "energy": 61.274511, "activity_lines": [ 143.822, 134.257817, 128.317571, 127.414838 ] }, { "date": "2024-10-25", "close": 142.470001, "volume": 3893, "typical_volume": 5191.95, "trend": 127.417666, "fair_value": 146.153398, "relative_strength": 6.617069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.972832, "energy": 81.040316, "activity_lines": [ 144.779333, 136.846, 129.89319, 128.422429 ] }, { "date": "2024-11-01", "close": 141.440002, "volume": 5244, "typical_volume": 5300.0, "trend": 127.902666, "fair_value": 145.908398, "relative_strength": 6.359376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.745579, "energy": 53.965323, "activity_lines": [ 143.516667, 138.834364, 131.297, 129.327096 ] }, { "date": "2024-11-08", "close": 146.070007, "volume": 4657, "typical_volume": 5321.05, "trend": 128.602333, "fair_value": 145.661731, "relative_strength": 12.722544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.827681, "energy": 49.450986, "activity_lines": [ 143.43467, 141.234183, 133.07681, 130.499183 ] }, { "date": "2024-11-15", "close": 145.419998, "volume": 3493, "typical_volume": 5261.15, "trend": 129.174999, "fair_value": 145.405064, "relative_strength": 11.013831, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.3874, "energy": 45.378441, "activity_lines": [ 144.155335, 143.018001, 134.696143, 131.584193 ] }, { "date": "2024-11-22", "close": 142.729996, "volume": 5368, "typical_volume": 5295.45, "trend": 129.628999, "fair_value": 145.14141, "relative_strength": 11.239279, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.597297, "energy": 40.154452, "activity_lines": [ 143.926, 143.761273, 135.956381, 132.458709 ] }, { "date": "2024-11-29", "close": 143.889999, "volume": 3965, "typical_volume": 5365.25, "trend": 130.011333, "fair_value": 144.864808, "relative_strength": 12.340897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.971623, "energy": 35.943602, "activity_lines": [ 144.013999, 144.175455, 137.224428, 133.378774 ] }, { "date": "2024-12-06", "close": 145.110001, "volume": 5881, "typical_volume": 5443.75, "trend": 130.435, "fair_value": 144.566218, "relative_strength": 8.875732, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.64961, "energy": 37.635521, "activity_lines": [ 144.413999, 144.273818, 138.510048, 134.352882 ] }, { "date": "2024-12-13", "close": 144.539993, "volume": 5429, "typical_volume": 5519.8, "trend": 130.851666, "fair_value": 144.280064, "relative_strength": 7.928424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.194997, "energy": 32.984899, "activity_lines": [ 144.37933, 144.102908, 139.645095, 135.262881 ] }, { "date": "2024-12-20", "close": 144.389999, "volume": 6343, "typical_volume": 5658.4, "trend": 131.388999, "fair_value": 144.003013, "relative_strength": 11.214329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.401489, "energy": 30.850147, "activity_lines": [ 144.396664, 144.210544, 140.652999, 136.136322 ] }, { "date": "2024-12-27", "close": 147.360001, "volume": 393, "typical_volume": 5472.9, "trend": 132.064666, "fair_value": 143.741603, "relative_strength": 12.034091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.929706, "energy": 36.296492, "activity_lines": [ 145.472665, 144.862363, 141.83719, 137.166709 ] }, { "date": "2025-01-03", "close": 140.399994, "volume": 1624, "typical_volume": 5396.45, "trend": 132.511666, "fair_value": 143.476987, "relative_strength": 6.743473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.978792, "energy": 27.827173, "activity_lines": [ 143.919997, 144.145634, 142.228761, 137.704472 ] }, { "date": "2025-01-10", "close": 137.550003, "volume": 1144, "typical_volume": 5223.2, "trend": 132.836666, "fair_value": 143.217949, "relative_strength": 1.674823, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 34.815874, "energy": 21.893976, "activity_lines": [ 141.649999, 142.948362, 142.250714, 138.029526 ] }, { "date": "2025-01-17", "close": 141.929993, "volume": 3051, "typical_volume": 5153.35, "trend": 133.388666, "fair_value": 142.97109, "relative_strength": 1.463691, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.640323, "energy": 18.281217, "activity_lines": [ 141.343997, 142.618179, 142.595618, 138.616192 ] }, { "date": "2025-01-24", "close": 141.490005, "volume": 2110, "typical_volume": 5150.0, "trend": 133.977999, "fair_value": 142.760577, "relative_strength": 1.347916, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.669259, "energy": 17.786887, "activity_lines": [ 141.065333, 142.283272, 142.787952, 139.138859 ] }, { "date": "2025-01-31", "close": 142.649994, "volume": 3151, "typical_volume": 5146.1, "trend": 134.693999, "fair_value": 142.570064, "relative_strength": 1.291736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.397232, "energy": 14.303809, "activity_lines": [ 141.366665, 142.230725, 142.965046, 139.698343 ] }, { "date": "2025-02-07", "close": 143.970001, "volume": 6239, "typical_volume": 5361.85, "trend": 135.386999, "fair_value": 142.385641, "relative_strength": 0.586281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.379123, "energy": 23.172863, "activity_lines": [ 142.421999, 142.419635, 143.126808, 140.296795 ] }, { "date": "2025-02-14", "close": 145.320007, "volume": 2962, "typical_volume": 5127.1, "trend": 136.067999, "fair_value": 142.186026, "relative_strength": -0.907391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.388338, "energy": 29.992821, "activity_lines": [ 143.689335, 142.852546, 143.275952, 140.937634 ] }, { "date": "2025-02-21", "close": 147.830002, "volume": 2568, "typical_volume": 4463.85, "trend": 136.967666, "fair_value": 141.996923, "relative_strength": -0.378485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.991524, "energy": 48.160563, "activity_lines": [ 145.275336, 143.738001, 143.619762, 141.696473 ] }, { "date": "2025-02-28", "close": 144.589996, "volume": 3491, "typical_volume": 3978.75, "trend": 137.720333, "fair_value": 141.787628, "relative_strength": -3.103704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.830618, "energy": 42.038572, "activity_lines": [ 145.388, 143.974545, 143.719428, 142.188236 ] }, { "date": "2025-03-07", "close": 140.809998, "volume": 4258, "typical_volume": 3763.2, "trend": 138.410333, "fair_value": 141.617564, "relative_strength": -5.43826, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.77553, "energy": 24.427741, "activity_lines": [ 144.034, 143.520182, 143.459237, 142.387569 ] }, { "date": "2025-03-14", "close": 143.940002, "volume": 6259, "typical_volume": 3881.5, "trend": 139.215666, "fair_value": 141.474872, "relative_strength": -3.470106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.007476, "energy": 23.841398, "activity_lines": [ 143.846, 143.754, 143.501333, 142.744322 ] }, { "date": "2025-03-21", "close": 140.339996, "volume": 3159, "typical_volume": 3777.25, "trend": 139.967999, "fair_value": 141.329103, "relative_strength": -6.764268, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.581615, "energy": 11.104966, "activity_lines": [ 142.459998, 143.268909, 143.193571, 142.81686 ] }, { "date": "2025-03-28", "close": 139.619995, "volume": 1668, "typical_volume": 3627.8, "trend": 140.665666, "fair_value": 141.160385, "relative_strength": -6.527883, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.165245, "energy": 13.150249, "activity_lines": [ 141.165997, 142.60218, 142.822475, 142.794408 ] }, { "date": "2025-04-04", "close": 129.889999, "volume": 3930, "typical_volume": 3649.65, "trend": 141.158999, "fair_value": 140.927244, "relative_strength": -2.785927, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -56.35647, "energy": 63.818921, "activity_lines": [ 137.175998, 140.208362, 141.555427, 142.099203 ] }, { "date": "2025-04-11", "close": 127.019997, "volume": 8337, "typical_volume": 3798.1, "trend": 141.625333, "fair_value": 140.684936, "relative_strength": -3.212655, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.120537, "energy": 84.942789, "activity_lines": [ 133.209331, 137.503635, 140.088999, 141.18701 ] }, { "date": "2025-04-18", "close": 127.230003, "volume": 2848, "typical_volume": 3742.25, "trend": 142.055666, "fair_value": 140.509872, "relative_strength": -8.200428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.487588, "energy": 89.130128, "activity_lines": [ 130.231999, 135.121272, 138.71738, 140.258279 ] }, { "date": "2025-04-25", "close": 128.479996, "volume": 2855, "typical_volume": 3590.95, "trend": 141.804999, "fair_value": 140.344359, "relative_strength": -10.546864, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.453145, "energy": 87.703857, "activity_lines": [ 128.785332, 133.270544, 137.544142, 139.382429 ] }, { "date": "2025-05-02", "close": 130.630005, "volume": 2467, "typical_volume": 3442.85, "trend": 140.780666, "fair_value": 140.215192, "relative_strength": -11.140152, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.017641, "energy": 83.458527, "activity_lines": [ 128.846001, 132.116909, 136.654857, 138.661462 ] }, { "date": "2025-05-09", "close": 133.289993, "volume": 3662, "typical_volume": 3308.8, "trend": 140.402999, "fair_value": 140.08, "relative_strength": -11.537633, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.47777, "energy": 60.311229, "activity_lines": [ 130.392665, 131.759635, 136.085142, 138.178192 ] }, { "date": "2025-05-16", "close": 135.440002, "volume": 5373, "typical_volume": 3557.8, "trend": 140.194666, "fair_value": 139.934359, "relative_strength": -12.779287, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.290443, "energy": 36.593837, "activity_lines": [ 132.429333, 131.998726, 135.773047, 137.857999 ] }, { "date": "2025-05-23", "close": 133.179993, "volume": 3834, "typical_volume": 3668.3, "trend": 139.884999, "fair_value": 139.802692, "relative_strength": -11.515015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.561416, "energy": 26.801353, "activity_lines": [ 133.151331, 131.924543, 135.302475, 137.40544 ] }, { "date": "2025-05-30", "close": 130.979996, "volume": 3081, "typical_volume": 3765.15, "trend": 139.536332, "fair_value": 139.619872, "relative_strength": -14.124549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.236736, "energy": 26.202956, "activity_lines": [ 132.74333, 131.645998, 134.65676, 136.830923 ] }, { "date": "2025-06-06", "close": 132.539993, "volume": 2055, "typical_volume": 3715.35, "trend": 139.085332, "fair_value": 139.416666, "relative_strength": -14.030389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.055901, "energy": 24.571702, "activity_lines": [ 132.688662, 131.821269, 134.190902, 136.379546 ] }, { "date": "2025-06-13", "close": 130.350006, "volume": 1608, "typical_volume": 3690.25, "trend": 138.582999, "fair_value": 139.163782, "relative_strength": -12.689089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.881574, "energy": 34.471912, "activity_lines": [ 131.776665, 131.727089, 133.561189, 135.815977 ] }, { "date": "2025-06-20", "close": 130.419998, "volume": 5800, "typical_volume": 3822.7, "trend": 138.172665, "fair_value": 138.890448, "relative_strength": -11.982551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.194717, "energy": 41.169137, "activity_lines": [ 131.083999, 131.637271, 132.991189, 135.289332 ] }, { "date": "2025-06-27", "close": 131.009995, "volume": 9835, "typical_volume": 4002.5, "trend": 137.743332, "fair_value": 138.592692, "relative_strength": -12.526196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.606987, "energy": 36.91554, "activity_lines": [ 130.922664, 131.592907, 132.535617, 134.827224 ] }, { "date": "2025-07-04", "close": 133.199997, "volume": 4379, "typical_volume": 4073.35, "trend": 137.346332, "fair_value": 138.284102, "relative_strength": -10.701959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.290326, "energy": 35.113617, "activity_lines": [ 131.635998, 131.877997, 132.350331, 134.534106 ] }, { "date": "2025-07-11", "close": 134.169998, "volume": 5594, "typical_volume": 4224.65, "trend": 137.000665, "fair_value": 138.036859, "relative_strength": -10.977605, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.01111, "energy": 23.074059, "activity_lines": [ 132.524664, 132.253634, 132.315141, 134.329181 ] }, { "date": "2025-07-18", "close": 137.190002, "volume": 7431, "typical_volume": 4421.65, "trend": 136.760665, "fair_value": 137.819359, "relative_strength": -9.38782, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 5.370874, "energy": 15.174373, "activity_lines": [ 134.311332, 133.113998, 132.632617, 134.341396 ] }, { "date": "2025-07-25", "close": 138.820007, "volume": 2152, "typical_volume": 4316.35, "trend": 136.475999, "fair_value": 137.626282, "relative_strength": -9.16643, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 17.336842, "energy": 36.298007, "activity_lines": [ 136.185335, 134.199818, 133.14057, 134.474257 ] }, { "date": "2025-08-01", "close": 138.470001, "volume": 7467, "typical_volume": 4376.75, "trend": 136.411666, "fair_value": 137.431089, "relative_strength": -7.456257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.473036, "energy": 54.476341, "activity_lines": [ 137.382669, 135.160546, 133.624666, 134.602902 ] }, { "date": "2025-08-08", "close": 139.710007, "volume": 2815, "typical_volume": 4359.55, "trend": 136.483666, "fair_value": 137.233205, "relative_strength": -10.203542, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.565984, "energy": 64.237415, "activity_lines": [ 138.496004, 136.250547, 134.252905, 134.815699 ] }, { "date": "2025-08-15", "close": 141.669998, "volume": 1619, "typical_volume": 4357.1, "trend": 136.474999, "fair_value": 137.054423, "relative_strength": -11.003485, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.398917, "energy": 71.763023, "activity_lines": [ 139.828669, 137.538183, 135.070809, 135.150301 ] }, { "date": "2025-08-22", "close": 150.029999, "volume": 3543, "typical_volume": 4337.75, "trend": 136.759666, "fair_value": 136.937307, "relative_strength": -7.162204, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 69.317977, "energy": 86.74846, "activity_lines": [ 143.448001, 140.179819, 136.675143, 136.024817 ] }, { "date": "2025-08-29", "close": 154.259995, "volume": 5566, "typical_volume": 4199.2, "trend": 137.146666, "fair_value": 136.886987, "relative_strength": -2.126921, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.804336, "energy": 98.255733, "activity_lines": [ 147.621332, 143.232727, 138.586428, 137.15387 ] }, { "date": "2025-09-05", "close": 151.559998, "volume": 3904, "typical_volume": 4252.0, "trend": 137.399666, "fair_value": 136.798141, "relative_strength": -2.574095, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.690358, "energy": 92.893169, "activity_lines": [ 149.865331, 145.361272, 140.110857, 138.083763 ] }, { "date": "2025-09-12", "close": 154.809998, "volume": 2748, "typical_volume": 4246.65, "trend": 137.715999, "fair_value": 136.738397, "relative_strength": -2.859414, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.474907, "energy": 94.319813, "activity_lines": [ 152.319998, 147.70709, 141.828952, 139.20701 ] }, { "date": "2025-09-19", "close": 153.809998, "volume": 5251, "typical_volume": 4385.85, "trend": 137.915332, "fair_value": 136.730961, "relative_strength": -3.031587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.076037, "energy": 89.534854, "activity_lines": [ 153.434664, 149.478181, 143.326428, 140.245332 ] }, { "date": "2025-09-26", "close": 154.339996, "volume": 3295, "typical_volume": 4367.5, "trend": 138.240332, "fair_value": 136.73391, "relative_strength": -3.312127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.045497, "energy": 80.250468, "activity_lines": [ 153.916664, 150.988544, 144.763999, 141.304988 ] }, { "date": "2025-10-03", "close": 158.380005, "volume": 3912, "typical_volume": 4294.45, "trend": 138.825999, "fair_value": 136.743269, "relative_strength": -1.607669, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.800214, "energy": 73.271786, "activity_lines": [ 155.458, 152.921635, 146.486095, 142.604322 ] }, { "date": "2025-10-10", "close": 152.479996, "volume": 3600, "typical_volume": 4282.75, "trend": 139.110665, "fair_value": 136.744807, "relative_strength": -2.249525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.429652, "energy": 64.05503, "activity_lines": [ 154.757999, 153.426362, 147.537047, 143.485225 ] }, { "date": "2025-10-17", "close": 155.130005, "volume": 5907, "typical_volume": 4424.05, "trend": 139.603666, "fair_value": 136.778974, "relative_strength": 0.301076, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.542355, "energy": 60.887561, "activity_lines": [ 154.880001, 154.158181, 148.748476, 144.518731 ] }, { "date": "2025-10-24", "close": 158.179993, "volume": 11210, "typical_volume": 4881.8, "trend": 140.222332, "fair_value": 136.899999, "relative_strength": 0.713711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.493293, "energy": 63.62203, "activity_lines": [ 155.997332, 155.16418, 150.13538, 145.717203 ] }, { "date": "2025-10-31", "close": 160.380005, "volume": 8959, "typical_volume": 5249.35, "trend": 141.238666, "fair_value": 136.960256, "relative_strength": 0.678034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.52167, "energy": 63.623368, "activity_lines": [ 157.556667, 156.27, 151.609714, 147.017698 ] }, { "date": "2025-11-07", "close": 160.630005, "volume": 7086, "typical_volume": 5313.65, "trend": 142.358999, "fair_value": 137.03673, "relative_strength": 1.744617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.928494, "energy": 63.725802, "activity_lines": [ 158.796669, 157.233092, 152.964857, 148.268753 ] }, { "date": "2025-11-14", "close": 159.479996, "volume": 3578, "typical_volume": 5000.8, "trend": 143.433999, "fair_value": 137.121923, "relative_strength": -1.132058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.975639, "energy": 59.308777, "activity_lines": [ 159.503334, 157.871273, 154.066619, 149.373333 ] }, { "date": "2025-11-21", "close": 153.960007, "volume": 2928, "typical_volume": 4928.25, "trend": 144.283333, "fair_value": 137.189359, "relative_strength": -1.233888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.435508, "energy": 51.476676, "activity_lines": [ 157.903336, 157.36182, 154.507096, 150.05243 ] }, { "date": "2025-11-28", "close": 157.020004, "volume": 3565, "typical_volume": 4826.8, "trend": 145.163, "fair_value": 137.232692, "relative_strength": -0.527139, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.021092, "energy": 40.070095, "activity_lines": [ 157.401337, 157.424184, 155.140144, 150.874151 ] }, { "date": "2025-12-05", "close": 158.25, "volume": 2552, "typical_volume": 4582.85, "trend": 145.995, "fair_value": 137.258333, "relative_strength": 0.358812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.408893, "energy": 35.564797, "activity_lines": [ 157.386669, 157.65182, 155.781525, 151.718474 ] }, { "date": "2025-12-12", "close": 156.830002, "volume": 3814, "typical_volume": 4665.95, "trend": 146.708, "fair_value": 137.296987, "relative_strength": -0.442761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.93021, "energy": 27.693082, "activity_lines": [ 157.040669, 157.550184, 156.187382, 152.417506 ] }, { "date": "2025-12-19", "close": 158.100006, "volume": 2479, "typical_volume": 4416.55, "trend": 147.538667, "fair_value": 137.392884, "relative_strength": -2.038948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.958818, "energy": 31.496858, "activity_lines": [ 157.371337, 157.707639, 156.62843, 153.152474 ] }, { "date": "2025-12-26", "close": 159.309998, "volume": 766, "typical_volume": 4314.1, "trend": 148.483, "fair_value": 137.470897, "relative_strength": -0.561422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.15047, "energy": 38.705745, "activity_lines": [ 158.197335, 157.982911, 157.091239, 153.911915 ] }, { "date": "2026-01-02", "close": 160.910004, "volume": 1236, "typical_volume": 4294.95, "trend": 149.428667, "fair_value": 137.505897, "relative_strength": -0.959502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.753838, "energy": 42.936161, "activity_lines": [ 159.200002, 158.473093, 157.613097, 154.713657 ] }, { "date": "2026-01-09", "close": 168.119995, "volume": 2614, "typical_volume": 4248.5, "trend": 150.687667, "fair_value": 137.566538, "relative_strength": 2.831433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.71408, "energy": 75.247745, "activity_lines": [ 162.346667, 160.224547, 158.730001, 155.919549 ] }, { "date": "2026-01-16", "close": 167.470001, "volume": 4935, "typical_volume": 4216.95, "trend": 151.922667, "fair_value": 137.615064, "relative_strength": 2.394116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.876646, "energy": 85.298907, "activity_lines": [ 164.618667, 161.717092, 159.698858, 157.00228 ] }, { "date": "2026-01-23", "close": 165.729996, "volume": 4743, "typical_volume": 4258.9, "trend": 153.08, "fair_value": 137.635448, "relative_strength": 3.636327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.39062, "energy": 82.34338, "activity_lines": [ 165.601332, 162.768909, 160.439096, 157.893076 ] }, { "date": "2026-01-30", "close": 162.979996, "volume": 4851, "typical_volume": 4364.05, "trend": 154.072667, "fair_value": 137.67423, "relative_strength": 0.540453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.945321, "energy": 78.581234, "activity_lines": [ 165.158664, 163.20709, 160.849953, 158.531785 ] }, { "date": "2026-02-06", "close": 164.0, "volume": 5030, "typical_volume": 4353.0, "trend": 155.067, "fair_value": 137.715128, "relative_strength": 0.566458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.068291, "energy": 52.332488, "activity_lines": [ 164.811331, 163.666726, 161.319048, 159.172258 ] }, { "date": "2026-02-13", "close": 164.110001, "volume": 4389, "typical_volume": 4407.7, "trend": 155.964334, "fair_value": 137.78423, "relative_strength": 1.739707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.277825, "energy": 42.650485, "activity_lines": [ 164.294666, 164.019454, 161.750095, 159.755678 ] }, { "date": "2026-02-20", "close": 166.669998, "volume": 3185, "typical_volume": 4371.35, "trend": 156.892667, "fair_value": 137.872307, "relative_strength": 1.153153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.637161, "energy": 46.312081, "activity_lines": [ 164.898665, 164.73109, 162.378429, 160.446366 ] }, { "date": "2026-02-27", "close": 167.539993, "volume": 5180, "typical_volume": 4450.35, "trend": 157.861667, "fair_value": 137.939295, "relative_strength": 0.197988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.842676, "energy": 51.909794, "activity_lines": [ 165.845997, 165.421998, 163.050142, 161.13329 ] }, { "date": "2026-03-06", "close": 166.479996, "volume": 4519, "typical_volume": 4380.95, "trend": 158.753999, "fair_value": 138.037692, "relative_strength": 6.389446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.461612, "energy": 48.299271, "activity_lines": [ 166.31933, 165.748543, 163.549189, 161.689311 ] }, { "date": "2026-03-13", "close": 168.240005, "volume": 5203, "typical_volume": 4080.6, "trend": 159.639666, "fair_value": 138.158333, "relative_strength": 7.071724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.504981, "energy": 59.151012, "activity_lines": [ 167.145999, 166.264726, 164.161809, 162.301312 ] }, { "date": "2026-03-20", "close": 161.729996, "volume": 7590, "typical_volume": 4012.15, "trend": 160.029666, "fair_value": 138.223077, "relative_strength": 6.370967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.83625, "energy": 33.232703, "activity_lines": [ 165.519998, 165.463998, 164.106523, 162.436172 ] }, { "date": "2026-03-27", "close": 160.039993, "volume": 6024, "typical_volume": 3959.05, "trend": 160.222333, "fair_value": 138.276987, "relative_strength": 3.905996, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.345869, "energy": 13.035555, "activity_lines": [ 163.48933, 164.472179, 163.883855, 162.436838 ] }, { "date": "2026-04-03", "close": 162.270004, "volume": 5223, "typical_volume": 4041.3, "trend": 160.579333, "fair_value": 138.346794, "relative_strength": 0.271882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.170472, "energy": 18.26852, "activity_lines": [ 162.643999, 164.020907, 163.87638, 162.568946 ] }, { "date": "2026-04-10", "close": 165.210007, "volume": 4010, "typical_volume": 4095.4, "trend": 160.926, "fair_value": 138.441218, "relative_strength": -2.026187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.99517, "energy": 22.437091, "activity_lines": [ 163.130002, 164.167091, 164.135618, 162.867699 ] }, { "date": "2026-04-17", "close": 169.089996, "volume": 6428, "typical_volume": 4238.55, "trend": 161.435333, "fair_value": 138.580512, "relative_strength": -2.270297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.890284, "energy": 25.257377, "activity_lines": [ 164.994, 164.978181, 164.710809, 163.394408 ] }, { "date": "2026-04-24", "close": 170.639999, "volume": 3333, "typical_volume": 4277.6, "trend": 161.978667, "fair_value": 138.733653, "relative_strength": 1.058736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.738587, "energy": 55.311009, "activity_lines": [ 167.318, 165.978545, 165.376142, 163.988258 ] }, { "date": "2026-05-01", "close": 172.699997, "volume": 3294, "typical_volume": 4251.6, "trend": 162.456, "fair_value": 138.901666, "relative_strength": 0.934095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.490578, "energy": 74.585608, "activity_lines": [ 169.734666, 167.234726, 166.178665, 164.679956 ] }, { "date": "2026-05-08", "close": 175.330002, "volume": 5564, "typical_volume": 4405.85, "trend": 163.217667, "fair_value": 139.102628, "relative_strength": 0.207566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.097711, "energy": 83.898421, "activity_lines": [ 172.184, 168.859454, 167.156094, 165.510537 ] }, { "date": "2026-05-15", "close": 175.619995, "volume": 10268, "typical_volume": 4880.95, "trend": 163.900666, "fair_value": 139.304935, "relative_strength": 0.595782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.211481, "energy": 83.366408, "activity_lines": [ 173.859331, 170.395272, 168.079094, 166.310687 ] }, { "date": "2026-05-22", "close": 174.210007, "volume": 6363, "typical_volume": 5137.3, "trend": 164.435, "fair_value": 139.513718, "relative_strength": -1.085485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.304696, "energy": 77.112648, "activity_lines": [ 174.370668, 171.508546, 168.790142, 166.975806 ] }, { "date": "2026-05-29", "close": 176.940002, "volume": 6002, "typical_volume": 5306.7, "trend": 164.987, "fair_value": 139.746666, "relative_strength": -0.735771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.434278, "energy": 74.043389, "activity_lines": [ 175.450668, 173.009637, 169.697857, 167.78258 ] }, { "date": "2026-06-05", "close": 173.429993, "volume": 1316, "typical_volume": 5125.75, "trend": 165.413666, "fair_value": 139.975512, "relative_strength": -2.53546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.993378, "energy": 51.48923, "activity_lines": [ 174.940666, 173.595999, 170.229285, 168.32729 ] }, { "date": "2026-06-12", "close": 175.169998, "volume": 535, "typical_volume": 4915.35, "trend": 165.936666, "fair_value": 140.204359, "relative_strength": -4.673415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.01498, "energy": 48.765279, "activity_lines": [ 174.961998, 174.255272, 170.898047, 168.95673 ] }, { "date": "2026-06-19", "close": 182.179993, "volume": 894, "typical_volume": 4717.5, "trend": 166.877333, "fair_value": 140.511217, "relative_strength": -3.458755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.324005, "energy": 64.232234, "activity_lines": [ 177.330663, 175.954543, 172.189475, 170.004687 ] }, { "date": "2026-06-26", "close": 181.820007, "volume": 1059, "typical_volume": 4518.95, "trend": 167.703999, "fair_value": 140.818205, "relative_strength": -0.806098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.47814, "energy": 77.540934, "activity_lines": [ 179.141999, 177.279818, 173.35519, 170.96873 ] }, { "date": "2026-07-03", "close": 179.330002, "volume": 778, "typical_volume": 4338.4, "trend": 168.406666, "fair_value": 141.109679, "relative_strength": -5.060048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.420048, "energy": 74.579048, "activity_lines": [ 179.616, 177.920909, 174.198904, 171.718795 ] }, { "date": "2026-07-10", "close": 177.710007, "volume": 9055, "typical_volume": 4631.9, "trend": 169.102666, "fair_value": 141.384359, "relative_strength": -5.566306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.761338, "energy": 70.920755, "activity_lines": [ 179.39067, 178.109456, 174.815858, 172.319011 ] }, { "date": "2026-07-17", "close": 165.820007, "volume": 8173, "typical_volume": 4781.55, "trend": 169.36, "fair_value": 141.593525, "relative_strength": -10.541727, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.152159, "energy": 15.570461, "activity_lines": [ 174.916672, 176.045093, 174.247858, 172.107226 ] }, { "date": "2026-07-24", "close": 170.240005, "volume": 5962, "typical_volume": 4853.7, "trend": 169.724333, "fair_value": 141.773269, "relative_strength": -7.954765, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.561799, "energy": 20.098421, "activity_lines": [ 172.539339, 174.957276, 174.109002, 172.164001 ] }, { "date": "2026-07-31", "close": 167.339996, "volume": 3762, "typical_volume": 4781.65, "trend": 169.938666, "fair_value": 141.941923, "relative_strength": -10.040486, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -8.030113, "energy": 25.813082, "activity_lines": [ 169.991336, 173.440002, 173.676049, 172.010172 ] }, { "date": "2026-08-07", "close": 174.520004, "volume": 4670, "typical_volume": 4635.65, "trend": 170.152, "fair_value": 142.198141, "relative_strength": -8.824377, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.884364, "energy": 23.311602, "activity_lines": [ 170.802003, 173.353093, 173.931192, 172.305743 ] } ], "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." } } }