{ "ticker": { "uuid": "15d7cf99-3fff-40a2-8274-0fde8cad592a", "symbol": "LAGR-B", "name": "Lagercrantz Group AB (publ)", "exchange": "STO", "country": "SE", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^OMX", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.941, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 0.629, "architecture_energy": 22.434, "architecture_maturity": 50.5, "architecture_confidence": 78.176, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 51.46, "rotation_up": 14.35, "upward_expansion": 42.56, "deceleration": 85.87, "rotation_down": 46.16, "downward_expansion": 36.56 }, "activity_lines": [ 229.893332, 236.112726, 240.481427, 235.219998 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 236.199997, "trend_reference": 226.993332, "distance_from_trend": 0.040559, "trend_direction": "Improving", "fair_value": 191.193819, "distance_from_fair_value": 0.235396, "fair_value_direction": "Weakening", "relative_strength": -5.635345, "relative_strength_direction": "Weakening", "price_momentum": 0.067812, "excess_performance": 0.006318, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040559, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044192, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.235396, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.114379, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.056353, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.068766, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.067812, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.426841, "read": "Supply-led" } ], "volume": { "latest": 881176, "relative_activity": 0.977852, "balance": 0.426841, "dry_up": 1.271873, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.060249, "annualized_volatility": 0.341782, "from_high_reference": -0.114693, "from_low_reference": 0.275378 }, "levels": { "trend_reference": 226.993332, "fair_value_reference": 191.193819, "structural_low": 185.199997, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.061596, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.059174, "regime_survival": 0.5, "best_return": 0.228155, "worst_return": -0.112203, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.164398, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.146134, "regime_survival": 0.0, "best_return": 0.211651, "worst_return": -0.027654, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.124278, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.120373, "regime_survival": 0.0, "best_return": 0.275728, "worst_return": -0.062963, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.269732, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.175965, "regime_survival": 0.0, "best_return": 0.319868, "worst_return": -0.117098, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-26", "end": "2024-07-19", "tenure": "Established", "return": 0.291056, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-08-30", "tenure": "Developing", "return": 0.094708, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-03-14", "tenure": "Extended", "return": 0.190815, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-05-16", "tenure": "Developing", "return": 0.089206, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-12", "tenure": "Established", "return": 0.071592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": -0.072137, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.136276, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-31", "end": "2026-01-02", "tenure": "Developing", "return": -0.133676, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-02-27", "tenure": "Developing", "return": 0.058485, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-27", "tenure": "New", "return": -0.077107, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.07992, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": -0.028203, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-10", "tenure": "Developing", "return": -0.018776, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.035965, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 113.765114, "volume": 881754, "typical_volume": 1043374.9, "trend": 122.486785, "fair_value": 96.080485, "relative_strength": 1.859041, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.948792, "energy": 50.79014, "activity_lines": [ 118.58507, 121.478332, 125.005847, 124.40901 ] }, { "date": "2023-08-25", "close": 111.445351, "volume": 807563, "typical_volume": 1064527.95, "trend": 122.66399, "fair_value": 96.423847, "relative_strength": -0.50311, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.95542, "energy": 61.521772, "activity_lines": [ 115.608039, 119.140993, 123.612607, 123.696659 ] }, { "date": "2023-09-01", "close": 113.671127, "volume": 970981, "typical_volume": 1086216.85, "trend": 122.37733, "fair_value": 96.764906, "relative_strength": -0.389691, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.810248, "energy": 61.742312, "activity_lines": [ 114.275064, 117.610785, 122.475072, 123.116474 ] }, { "date": "2023-09-08", "close": 113.181168, "volume": 1481397, "typical_volume": 1109934.85, "trend": 122.351421, "fair_value": 97.110503, "relative_strength": -0.333653, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.427314, "energy": 60.592482, "activity_lines": [ 113.358533, 116.242753, 121.341491, 122.523173 ] }, { "date": "2023-09-15", "close": 111.417305, "volume": 1444609, "typical_volume": 1133655.75, "trend": 122.141063, "fair_value": 97.431051, "relative_strength": -2.696646, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.70602, "energy": 66.331174, "activity_lines": [ 112.498693, 114.938962, 120.072622, 121.817747 ] }, { "date": "2023-09-22", "close": 108.869507, "volume": 1159227, "typical_volume": 1160649.8, "trend": 121.997208, "fair_value": 97.769218, "relative_strength": -3.645564, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.793347, "energy": 63.806488, "activity_lines": [ 111.223191, 113.455386, 118.637183, 120.961517 ] }, { "date": "2023-09-29", "close": 108.771507, "volume": 715053, "typical_volume": 1154082.6, "trend": 121.688991, "fair_value": 98.105545, "relative_strength": -3.224811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.563655, "energy": 62.568683, "activity_lines": [ 110.241396, 112.132629, 117.301794, 120.108246 ] }, { "date": "2023-10-06", "close": 107.791588, "volume": 1483490, "typical_volume": 1180252.35, "trend": 121.551089, "fair_value": 98.416998, "relative_strength": -4.294314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.079723, "energy": 67.585864, "activity_lines": [ 109.111218, 110.926356, 115.958535, 119.21164 ] }, { "date": "2023-10-13", "close": 105.929726, "volume": 1259471, "typical_volume": 1205288.75, "trend": 121.370457, "fair_value": 98.730338, "relative_strength": -7.733105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.403803, "energy": 75.826512, "activity_lines": [ 107.752388, 109.646581, 114.561217, 118.20381 ] }, { "date": "2023-10-20", "close": 100.050186, "volume": 1286308, "typical_volume": 1189833.15, "trend": 120.932624, "fair_value": 98.995016, "relative_strength": -8.369134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.168323, "energy": 86.919791, "activity_lines": [ 104.917141, 107.605456, 112.725484, 116.828308 ] }, { "date": "2023-10-27", "close": 97.747368, "volume": 1828714, "typical_volume": 1250523.8, "trend": 120.012072, "fair_value": 99.289128, "relative_strength": -9.281755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.3535, "energy": 88.227561, "activity_lines": [ 102.072096, 105.470567, 110.813989, 115.332485 ] }, { "date": "2023-11-03", "close": 102.597992, "volume": 721891, "typical_volume": 1179126.1, "trend": 119.41108, "fair_value": 99.526973, "relative_strength": -8.269999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.044002, "energy": 76.546372, "activity_lines": [ 101.585402, 104.508841, 109.528646, 114.208996 ] }, { "date": "2023-11-10", "close": 102.597992, "volume": 1545530, "typical_volume": 1224525.15, "trend": 118.687655, "fair_value": 99.783005, "relative_strength": -7.697769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.231758, "energy": 64.136809, "activity_lines": [ 101.510275, 103.707977, 108.390835, 113.124281 ] }, { "date": "2023-11-17", "close": 112.299232, "volume": 1096040, "typical_volume": 1172380.2, "trend": 118.429369, "fair_value": 100.087583, "relative_strength": -2.809194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.800088, "energy": 38.970329, "activity_lines": [ 105.015135, 104.872304, 108.295487, 112.712125 ] }, { "date": "2023-11-24", "close": 115.336998, "volume": 721205, "typical_volume": 1125133.25, "trend": 118.027478, "fair_value": 100.409209, "relative_strength": -1.634632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.287209, "energy": 19.894518, "activity_lines": [ 109.10795, 106.604987, 108.594467, 112.512617 ] }, { "date": "2023-12-01", "close": 116.022949, "volume": 1288602, "typical_volume": 1110617.9, "trend": 117.500245, "fair_value": 100.725836, "relative_strength": -1.961065, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.784785, "energy": 21.006192, "activity_lines": [ 112.410294, 108.391121, 109.014349, 112.383292 ] }, { "date": "2023-12-08", "close": 122.000473, "volume": 1002985, "typical_volume": 1085124.05, "trend": 117.343023, "fair_value": 101.079264, "relative_strength": 0.143882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.643419, "energy": 34.371677, "activity_lines": [ 116.486774, 111.134016, 110.01624, 112.67363 ] }, { "date": "2023-12-15", "close": 129.643875, "volume": 1070456, "typical_volume": 1108968.55, "trend": 117.208605, "fair_value": 101.476839, "relative_strength": 2.943314, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.066958, "energy": 60.14641, "activity_lines": [ 121.817556, 115.026093, 111.760251, 113.467233 ] }, { "date": "2023-12-22", "close": 128.761948, "volume": 1087601, "typical_volume": 1126766.05, "trend": 117.118892, "fair_value": 101.845115, "relative_strength": 2.44221, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.75375, "energy": 69.561248, "activity_lines": [ 125.051304, 118.360505, 113.385619, 114.21261 ] }, { "date": "2023-12-29", "close": 132.387665, "volume": 833118, "typical_volume": 1134299.75, "trend": 117.191922, "fair_value": 102.232996, "relative_strength": 4.159037, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.124755, "energy": 78.304243, "activity_lines": [ 128.396109, 121.939008, 115.328145, 115.197692 ] }, { "date": "2024-01-05", "close": 126.410133, "volume": 398950, "typical_volume": 1110159.55, "trend": 116.99804, "fair_value": 102.568616, "relative_strength": 1.745105, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.587091, "energy": 70.425877, "activity_lines": [ 128.611693, 123.842732, 116.632495, 115.792415 ] }, { "date": "2024-01-12", "close": 130.917801, "volume": 725737, "typical_volume": 1106068.25, "trend": 116.909308, "fair_value": 102.945862, "relative_strength": 4.279646, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.067497, "energy": 63.937672, "activity_lines": [ 129.637354, 126.044891, 118.305933, 116.690464 ] }, { "date": "2024-01-19", "close": 128.173996, "volume": 558582, "typical_volume": 1085448.3, "trend": 116.932095, "fair_value": 103.316433, "relative_strength": 4.347872, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.195748, "energy": 54.481976, "activity_lines": [ 129.153924, 127.233271, 119.62533, 117.417219 ] }, { "date": "2024-01-26", "close": 133.66156, "volume": 486968, "typical_volume": 1035726.85, "trend": 116.909046, "fair_value": 103.73673, "relative_strength": 5.195318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.91094, "energy": 57.594041, "activity_lines": [ 130.597675, 128.954372, 121.398291, 118.496539 ] }, { "date": "2024-02-02", "close": 131.309738, "volume": 751639, "typical_volume": 1001078.35, "trend": 117.052467, "fair_value": 104.144983, "relative_strength": 3.361388, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.889123, "energy": 53.946782, "activity_lines": [ 130.930844, 129.859462, 122.849743, 119.425616 ] }, { "date": "2024-02-09", "close": 142.67688, "volume": 1081649, "typical_volume": 997199.45, "trend": 117.851876, "fair_value": 104.610946, "relative_strength": 12.689875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.638953, "energy": 63.754786, "activity_lines": [ 135.124922, 132.540893, 125.289055, 121.078804 ] }, { "date": "2024-02-16", "close": 146.890533, "volume": 1427797, "typical_volume": 1032836.65, "trend": 118.582317, "fair_value": 105.089369, "relative_strength": 12.948108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.726323, "energy": 87.292776, "activity_lines": [ 139.639101, 135.503825, 127.968679, 122.952265 ] }, { "date": "2024-02-23", "close": 146.988525, "volume": 835936, "typical_volume": 1000458.95, "trend": 119.403015, "fair_value": 105.604796, "relative_strength": 11.432804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.277545, "energy": 86.727632, "activity_lines": [ 143.121096, 138.032027, 130.476116, 124.784924 ] }, { "date": "2024-03-01", "close": 149.438324, "volume": 741622, "typical_volume": 974566.5, "trend": 120.289264, "fair_value": 106.150477, "relative_strength": 11.761268, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.642304, "energy": 89.595623, "activity_lines": [ 146.165388, 140.69029, 133.030216, 126.722686 ] }, { "date": "2024-03-08", "close": 147.380493, "volume": 1001919, "typical_volume": 960347.05, "trend": 121.271235, "fair_value": 106.664172, "relative_strength": 8.745966, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.371617, "energy": 84.70533, "activity_lines": [ 147.471952, 142.598467, 135.181147, 128.470507 ] }, { "date": "2024-03-15", "close": 149.928299, "volume": 863401, "typical_volume": 912081.4, "trend": 122.476675, "fair_value": 107.176619, "relative_strength": 8.397097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.683721, "energy": 80.17438, "activity_lines": [ 148.556401, 144.697286, 137.349345, 130.31935 ] }, { "date": "2024-03-22", "close": 158.453644, "volume": 863744, "typical_volume": 919174.05, "trend": 124.043618, "fair_value": 107.727952, "relative_strength": 14.194021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.820894, "energy": 79.854453, "activity_lines": [ 151.999205, 147.918564, 140.081, 132.640445 ] }, { "date": "2024-03-29", "close": 160.511475, "volume": 878857, "typical_volume": 885840.4, "trend": 125.604963, "fair_value": 108.279138, "relative_strength": 16.11491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.860311, "energy": 76.631875, "activity_lines": [ 155.357077, 151.013341, 142.742659, 134.99321 ] }, { "date": "2024-04-05", "close": 156.885757, "volume": 643443, "typical_volume": 863210.55, "trend": 127.061782, "fair_value": 108.775254, "relative_strength": 13.80653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.941957, "energy": 66.106824, "activity_lines": [ 156.604847, 152.860943, 144.783233, 137.011325 ] }, { "date": "2024-04-12", "close": 156.78775, "volume": 866140, "typical_volume": 870457.3, "trend": 128.57413, "fair_value": 109.245583, "relative_strength": 13.347651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.419607, "energy": 64.796118, "activity_lines": [ 157.323453, 154.268467, 146.602157, 138.92913 ] }, { "date": "2024-04-19", "close": 156.00383, "volume": 588086, "typical_volume": 835431.5, "trend": 130.145275, "fair_value": 109.706035, "relative_strength": 12.65285, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.143581, "energy": 60.115155, "activity_lines": [ 157.153601, 155.070224, 148.149037, 140.698788 ] }, { "date": "2024-04-26", "close": 159.825531, "volume": 1000559, "typical_volume": 835310.2, "trend": 131.847075, "fair_value": 110.20099, "relative_strength": 12.652547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.929227, "energy": 56.304164, "activity_lines": [ 157.852614, 156.324527, 149.869503, 142.613643 ] }, { "date": "2024-05-03", "close": 162.961288, "volume": 443824, "typical_volume": 803978.6, "trend": 133.686065, "fair_value": 110.688157, "relative_strength": 15.446962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.664074, "energy": 57.027328, "activity_lines": [ 159.505421, 157.913786, 151.708493, 144.621012 ] }, { "date": "2024-05-10", "close": 167.762909, "volume": 627745, "typical_volume": 780985.8, "trend": 135.747171, "fair_value": 111.21641, "relative_strength": 14.593871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.065196, "energy": 65.494486, "activity_lines": [ 162.595447, 160.085654, 153.846127, 146.819518 ] }, { "date": "2024-05-17", "close": 167.370941, "volume": 1851862, "typical_volume": 831923.0, "trend": 137.991197, "fair_value": 111.723054, "relative_strength": 15.219134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.29973, "energy": 61.856945, "activity_lines": [ 164.829673, 161.85308, 155.760711, 148.859761 ] }, { "date": "2024-05-24", "close": 176.38623, "volume": 1059170, "typical_volume": 864934.0, "trend": 140.612492, "fair_value": 112.287488, "relative_strength": 20.006838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.117601, "energy": 77.764616, "activity_lines": [ 169.36345, 164.896187, 158.367307, 151.33686 ] }, { "date": "2024-05-31", "close": 175.210342, "volume": 966006, "typical_volume": 876947.45, "trend": 143.032904, "fair_value": 112.852872, "relative_strength": 19.709434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.982803, "energy": 79.717417, "activity_lines": [ 172.146437, 167.244442, 160.623933, 153.568979 ] }, { "date": "2024-06-07", "close": 177.562149, "volume": 751529, "typical_volume": 886594.8, "trend": 145.531709, "fair_value": 113.445456, "relative_strength": 19.994669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.431061, "energy": 68.315536, "activity_lines": [ 174.687706, 169.715632, 162.893623, 155.796672 ] }, { "date": "2024-06-14", "close": 177.856125, "volume": 830838, "typical_volume": 903788.3, "trend": 147.716939, "fair_value": 114.047807, "relative_strength": 22.603704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.405471, "energy": 66.691293, "activity_lines": [ 176.353577, 171.93026, 164.956129, 157.882119 ] }, { "date": "2024-06-21", "close": 180.89389, "volume": 923979, "typical_volume": 912405.3, "trend": 149.902168, "fair_value": 114.664477, "relative_strength": 23.552162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.101911, "energy": 65.464469, "activity_lines": [ 178.359154, 174.315929, 167.097496, 160.022567 ] }, { "date": "2024-06-28", "close": 168.742828, "volume": 970103, "typical_volume": 906828.0, "trend": 151.659498, "fair_value": 115.152936, "relative_strength": 15.154346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.068043, "energy": 52.035767, "activity_lines": [ 175.412848, 174.054021, 167.845504, 161.238094 ] }, { "date": "2024-07-05", "close": 174.230392, "volume": 741371, "typical_volume": 872506.7, "trend": 153.400495, "fair_value": 115.672025, "relative_strength": 19.034157, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.238739, "energy": 44.934749, "activity_lines": [ 174.805289, 174.558233, 168.992013, 162.69428 ] }, { "date": "2024-07-12", "close": 183.539688, "volume": 786616, "typical_volume": 870040.7, "trend": 155.197022, "fair_value": 116.231994, "relative_strength": 21.172273, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.401842, "energy": 50.073871, "activity_lines": [ 177.36616, 176.493138, 170.894932, 164.638744 ] }, { "date": "2024-07-19", "close": 172.564529, "volume": 758433, "typical_volume": 870881.25, "trend": 156.657108, "fair_value": 116.644616, "relative_strength": 16.157171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.473856, "energy": 31.304428, "activity_lines": [ 175.870141, 176.058407, 171.578545, 165.759229 ] }, { "date": "2024-07-26", "close": 171.976578, "volume": 643125, "typical_volume": 852941.55, "trend": 157.976739, "fair_value": 117.034067, "relative_strength": 14.922801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.535173, "energy": 29.159046, "activity_lines": [ 174.530912, 175.429474, 172.096038, 166.747582 ] }, { "date": "2024-08-02", "close": 161.393402, "volume": 527462, "typical_volume": 836144.6, "trend": 159.142848, "fair_value": 117.315059, "relative_strength": 12.370234, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.436805, "energy": 11.613008, "activity_lines": [ 170.258445, 172.792588, 171.488485, 166.968011 ] }, { "date": "2024-08-09", "close": 165.117111, "volume": 809828, "typical_volume": 833448.8, "trend": 160.282825, "fair_value": 117.652052, "relative_strength": 14.838652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.912398, "energy": 13.237355, "activity_lines": [ 167.717176, 171.105337, 171.180975, 167.353448 ] }, { "date": "2024-08-16", "close": 171.682602, "volume": 464105, "typical_volume": 812711.2, "trend": 161.733111, "fair_value": 118.039013, "relative_strength": 15.333563, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.372015, "energy": 14.988267, "activity_lines": [ 167.971956, 170.795325, 171.467019, 168.088917 ] }, { "date": "2024-08-23", "close": 177.072174, "volume": 567394, "typical_volume": 808908.75, "trend": 163.180132, "fair_value": 118.458694, "relative_strength": 17.073916, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.818603, "energy": 15.981991, "activity_lines": [ 170.813733, 171.572135, 172.21316, 169.078534 ] }, { "date": "2024-08-30", "close": 188.264099, "volume": 754819, "typical_volume": 803342.7, "trend": 165.078611, "fair_value": 118.963569, "relative_strength": 21.900126, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.140667, "energy": 40.461338, "activity_lines": [ 177.085641, 174.398095, 173.929073, 170.696855 ] }, { "date": "2024-09-06", "close": 181.133621, "volume": 824356, "typical_volume": 815156.2, "trend": 166.360502, "fair_value": 119.422125, "relative_strength": 21.890579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.821052, "energy": 53.677442, "activity_lines": [ 179.894889, 175.793601, 174.816005, 171.732662 ] }, { "date": "2024-09-13", "close": 188.660217, "volume": 709772, "typical_volume": 800616.85, "trend": 167.752825, "fair_value": 119.914865, "relative_strength": 23.781697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.591219, "energy": 67.981609, "activity_lines": [ 183.896988, 178.332291, 176.300091, 173.171353 ] }, { "date": "2024-09-20", "close": 192.819656, "volume": 935146, "typical_volume": 825182.95, "trend": 169.280529, "fair_value": 120.490522, "relative_strength": 22.90418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.773122, "energy": 73.947681, "activity_lines": [ 187.716026, 181.364883, 178.043005, 174.788568 ] }, { "date": "2024-09-27", "close": 190.046692, "volume": 773507, "typical_volume": 832471.05, "trend": 170.634141, "fair_value": 121.094262, "relative_strength": 17.568616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.793727, "energy": 67.263189, "activity_lines": [ 189.201605, 183.724573, 179.379645, 176.12832 ] }, { "date": "2024-10-04", "close": 184.401749, "volume": 831972, "typical_volume": 781476.55, "trend": 171.868183, "fair_value": 121.653867, "relative_strength": 14.888767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.112464, "energy": 55.00259, "activity_lines": [ 187.940569, 184.740051, 180.072558, 177.016553 ] }, { "date": "2024-10-11", "close": 184.500793, "volume": 1207806, "typical_volume": 788908.35, "trend": 173.0206, "fair_value": 122.165803, "relative_strength": 14.800024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.397249, "energy": 38.852625, "activity_lines": [ 186.970038, 185.547626, 180.693804, 177.83156 ] }, { "date": "2024-10-18", "close": 188.462158, "volume": 1003277, "typical_volume": 790771.9, "trend": 174.020884, "fair_value": 122.690903, "relative_strength": 16.131679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.299519, "energy": 34.748877, "activity_lines": [ 187.095483, 186.655315, 181.653683, 178.82779 ] }, { "date": "2024-10-25", "close": 198.266541, "volume": 1290934, "typical_volume": 817742.15, "trend": 175.279386, "fair_value": 123.258674, "relative_strength": 21.195589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.460871, "energy": 41.670815, "activity_lines": [ 190.50226, 189.121163, 183.484209, 180.392026 ] }, { "date": "2024-11-01", "close": 207.773834, "volume": 1293139, "typical_volume": 840857.2, "trend": 176.975655, "fair_value": 123.85009, "relative_strength": 27.466324, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.27547, "energy": 66.092922, "activity_lines": [ 196.71501, 192.832265, 186.121598, 182.488442 ] }, { "date": "2024-11-08", "close": 205.397003, "volume": 1009519, "typical_volume": 845134.2, "trend": 178.595963, "fair_value": 124.408539, "relative_strength": 24.737656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.786282, "energy": 76.915413, "activity_lines": [ 200.953672, 195.553005, 188.390158, 184.322077 ] }, { "date": "2024-11-15", "close": 194.998413, "volume": 752946, "typical_volume": 834276.35, "trend": 179.895783, "fair_value": 124.872203, "relative_strength": 19.770001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.290432, "energy": 69.583302, "activity_lines": [ 200.326455, 196.071584, 189.551694, 185.3803 ] }, { "date": "2024-11-22", "close": 191.92836, "volume": 947197, "typical_volume": 844567.65, "trend": 180.965877, "fair_value": 125.365103, "relative_strength": 16.839294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.206538, "energy": 52.006694, "activity_lines": [ 197.976045, 195.779885, 190.295818, 186.156595 ] }, { "date": "2024-11-29", "close": 196.087784, "volume": 1341679, "typical_volume": 872320.8, "trend": 182.070094, "fair_value": 125.885278, "relative_strength": 18.461342, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.952448, "energy": 35.478886, "activity_lines": [ 196.781029, 196.185024, 191.351801, 187.132202 ] }, { "date": "2024-12-06", "close": 211.735199, "volume": 1091430, "typical_volume": 888970.65, "trend": 183.535837, "fair_value": 126.453783, "relative_strength": 21.994448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.106869, "energy": 43.976473, "activity_lines": [ 200.947069, 199.375727, 193.838261, 189.04608 ] }, { "date": "2024-12-13", "close": 213.715881, "volume": 1080359, "typical_volume": 910832.35, "trend": 185.080668, "fair_value": 127.073506, "relative_strength": 24.867131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.097071, "energy": 51.307129, "activity_lines": [ 205.509246, 202.532217, 196.326831, 190.993179 ] }, { "date": "2024-12-20", "close": 209.160309, "volume": 986094, "typical_volume": 933763.95, "trend": 186.173137, "fair_value": 127.637735, "relative_strength": 25.14851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.528704, "energy": 62.63567, "activity_lines": [ 207.998306, 204.327438, 198.182778, 192.546705 ] }, { "date": "2024-12-27", "close": 210.942932, "volume": 360030, "typical_volume": 911274.05, "trend": 187.364224, "fair_value": 128.176092, "relative_strength": 24.382453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.390171, "energy": 71.109315, "activity_lines": [ 210.137448, 205.998417, 199.981037, 194.144756 ] }, { "date": "2025-01-03", "close": 206.585419, "volume": 462726, "typical_volume": 911205.1, "trend": 188.331666, "fair_value": 128.761114, "relative_strength": 19.829543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.816083, "energy": 59.301042, "activity_lines": [ 209.556447, 206.468379, 201.146077, 195.384833 ] }, { "date": "2025-01-10", "close": 201.237564, "volume": 754169, "typical_volume": 920543.85, "trend": 189.111047, "fair_value": 129.406629, "relative_strength": 15.376959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.650222, "energy": 37.387386, "activity_lines": [ 206.492986, 205.814752, 201.635593, 196.217472 ] }, { "date": "2025-01-17", "close": 208.566116, "volume": 1022044, "typical_volume": 933905.1, "trend": 190.033455, "fair_value": 130.104013, "relative_strength": 14.536904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.467073, "energy": 30.72663, "activity_lines": [ 206.572218, 206.61243, 202.707994, 197.472637 ] }, { "date": "2025-01-24", "close": 214.904297, "volume": 876289, "typical_volume": 936501.75, "trend": 191.57217, "fair_value": 130.860982, "relative_strength": 14.93898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.352849, "energy": 39.481584, "activity_lines": [ 209.107494, 208.504884, 204.287354, 199.077208 ] }, { "date": "2025-01-31", "close": 233.720795, "volume": 1601131, "typical_volume": 981069.7, "trend": 193.555184, "fair_value": 131.730621, "relative_strength": 23.874189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.007548, "energy": 56.835554, "activity_lines": [ 217.532004, 213.456595, 207.497949, 201.796474 ] }, { "date": "2025-02-07", "close": 227.580688, "volume": 1247175, "typical_volume": 996671.15, "trend": 195.023217, "fair_value": 132.578021, "relative_strength": 21.183166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.454067, "energy": 74.288997, "activity_lines": [ 222.391287, 216.53206, 209.909198, 203.991668 ] }, { "date": "2025-02-14", "close": 237.880234, "volume": 782243, "typical_volume": 997107.95, "trend": 197.200407, "fair_value": 133.527213, "relative_strength": 22.189251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.166484, "energy": 85.713204, "activity_lines": [ 229.284068, 220.907572, 213.135828, 206.756636 ] }, { "date": "2025-02-21", "close": 232.334335, "volume": 734923, "typical_volume": 992255.5, "trend": 199.212333, "fair_value": 134.43688, "relative_strength": 18.231019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.466826, "energy": 81.358195, "activity_lines": [ 231.885371, 223.799374, 215.606497, 209.023342 ] }, { "date": "2025-02-28", "close": 223.817383, "volume": 1088476, "typical_volume": 986289.0, "trend": 201.293132, "fair_value": 135.325581, "relative_strength": 13.231472, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.038801, "energy": 62.632417, "activity_lines": [ 230.063142, 224.804122, 217.037778, 210.610764 ] }, { "date": "2025-03-07", "close": 214.706238, "volume": 1053642, "typical_volume": 988807.25, "trend": 202.946103, "fair_value": 136.13356, "relative_strength": 7.886979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.044541, "energy": 42.138791, "activity_lines": [ 224.609659, 223.885806, 217.414109, 211.476126 ] }, { "date": "2025-03-14", "close": 215.696579, "volume": 779640, "typical_volume": 963242.55, "trend": 204.413235, "fair_value": 136.887047, "relative_strength": 9.662639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.350946, "energy": 23.596696, "activity_lines": [ 220.753927, 223.079128, 217.759787, 212.298737 ] }, { "date": "2025-03-21", "close": 222.03476, "volume": 1510736, "typical_volume": 974122.4, "trend": 205.911988, "fair_value": 137.691559, "relative_strength": 14.503014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.200013, "energy": 21.995986, "activity_lines": [ 219.803195, 223.25919, 218.6261, 213.43561 ] }, { "date": "2025-03-28", "close": 214.112015, "volume": 1387034, "typical_volume": 992998.15, "trend": 206.773585, "fair_value": 138.406762, "relative_strength": 13.575644, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.457546, "energy": 20.89391, "activity_lines": [ 217.267914, 221.620621, 218.669957, 213.964644 ] }, { "date": "2025-04-04", "close": 192.027374, "volume": 1916925, "typical_volume": 1051197.1, "trend": 207.136711, "fair_value": 138.988346, "relative_strength": 12.613474, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.400848, "energy": 19.596616, "activity_lines": [ 208.585907, 215.865828, 216.569015, 213.013275 ] }, { "date": "2025-04-11", "close": 194.008072, "volume": 2410028, "typical_volume": 1124338.65, "trend": 207.314972, "fair_value": 139.589964, "relative_strength": 13.593192, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.412879, "energy": 29.256604, "activity_lines": [ 202.683467, 210.887107, 214.670859, 212.166266 ] }, { "date": "2025-04-18", "close": 200.841431, "volume": 629482, "typical_volume": 1088728.8, "trend": 207.582365, "fair_value": 140.247615, "relative_strength": 13.037105, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.393723, "energy": 30.32808, "activity_lines": [ 200.43869, 207.872864, 213.413595, 211.748618 ] }, { "date": "2025-04-25", "close": 211.933273, "volume": 784484, "typical_volume": 1073381.5, "trend": 208.311918, "fair_value": 140.991653, "relative_strength": 15.042685, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.493724, "energy": 27.312016, "activity_lines": [ 202.881538, 207.361488, 213.190061, 212.029322 ] }, { "date": "2025-05-02", "close": 223.817383, "volume": 596969, "typical_volume": 1049212.0, "trend": 209.625772, "fair_value": 141.866902, "relative_strength": 18.933258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 15.575783, "energy": 11.664525, "activity_lines": [ 209.959188, 209.482622, 214.097404, 213.029675 ] }, { "date": "2025-05-09", "close": 228.967148, "volume": 663654, "typical_volume": 1033090.0, "trend": 211.107984, "fair_value": 142.80971, "relative_strength": 21.437708, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.514483, "energy": 29.075494, "activity_lines": [ 218.106402, 212.69493, 215.447098, 214.277505 ] }, { "date": "2025-05-16", "close": 241.841599, "volume": 971886, "typical_volume": 1063682.8, "trend": 212.887299, "fair_value": 143.802333, "relative_strength": 22.531764, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.04861, "energy": 49.865414, "activity_lines": [ 228.082448, 218.154416, 217.928612, 216.260319 ] }, { "date": "2025-05-23", "close": 216.68692, "volume": 2310623, "typical_volume": 1156077.65, "trend": 213.501311, "fair_value": 144.597328, "relative_strength": 12.08113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.068184, "energy": 39.840945, "activity_lines": [ 226.484699, 218.546954, 217.867306, 216.505456 ] }, { "date": "2025-05-30", "close": 215.102356, "volume": 1586500, "typical_volume": 1197694.2, "trend": 213.745595, "fair_value": 145.383387, "relative_strength": 10.014214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.338599, "energy": 36.015963, "activity_lines": [ 223.302396, 218.633382, 217.606987, 216.608749 ] }, { "date": "2025-06-06", "close": 225.996124, "volume": 873057, "typical_volume": 1190244.85, "trend": 214.432233, "fair_value": 146.28636, "relative_strength": 13.805081, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.221601, "energy": 30.973481, "activity_lines": [ 223.540077, 220.82654, 218.318146, 217.399106 ] }, { "date": "2025-06-13", "close": 214.706238, "volume": 1256181, "typical_volume": 1209239.45, "trend": 215.08916, "fair_value": 147.142949, "relative_strength": 10.359502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.355769, "energy": 12.906971, "activity_lines": [ 219.869213, 220.750916, 217.871078, 217.416784 ] }, { "date": "2025-06-20", "close": 215.894638, "volume": 794906, "typical_volume": 1168928.2, "trend": 215.888036, "fair_value": 148.020608, "relative_strength": 11.051471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.663468, "energy": 12.68125, "activity_lines": [ 217.54521, 220.479023, 217.538134, 217.46875 ] }, { "date": "2025-06-27", "close": 226.392273, "volume": 1292823, "typical_volume": 1171210.6, "trend": 216.898186, "fair_value": 148.945381, "relative_strength": 13.03357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.239926, "energy": 15.775041, "activity_lines": [ 220.450216, 221.717852, 218.289852, 218.146443 ] }, { "date": "2025-07-04", "close": 234.116928, "volume": 886080, "typical_volume": 1176402.45, "trend": 217.644243, "fair_value": 149.902245, "relative_strength": 15.896451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.419027, "energy": 27.959455, "activity_lines": [ 225.283083, 223.896603, 219.78291, 219.257329 ] }, { "date": "2025-07-11", "close": 239.662857, "volume": 984150, "typical_volume": 1188863.8, "trend": 218.509143, "fair_value": 150.856444, "relative_strength": 16.446371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.215971, "energy": 58.190718, "activity_lines": [ 230.696955, 226.680366, 221.822072, 220.677885 ] }, { "date": "2025-07-18", "close": 228.967148, "volume": 1307188, "typical_volume": 1199799.4, "trend": 219.169371, "fair_value": 151.685828, "relative_strength": 10.578539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.436779, "energy": 55.725474, "activity_lines": [ 231.634476, 227.231355, 222.807698, 221.352595 ] }, { "date": "2025-07-25", "close": 226.986465, "volume": 662508, "typical_volume": 1180242.7, "trend": 219.704155, "fair_value": 152.465216, "relative_strength": 6.59998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.699025, "energy": 52.68272, "activity_lines": [ 230.961041, 227.42222, 223.580164, 221.856924 ] }, { "date": "2025-08-01", "close": 221.440567, "volume": 666746, "typical_volume": 1174598.0, "trend": 220.199327, "fair_value": 153.239015, "relative_strength": 6.430103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.632041, "energy": 28.763258, "activity_lines": [ 227.699519, 226.874833, 223.765973, 221.96895 ] }, { "date": "2025-08-08", "close": 230.353638, "volume": 647148, "typical_volume": 1131418.6, "trend": 221.169862, "fair_value": 154.082789, "relative_strength": 7.226795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.503412, "energy": 19.512374, "activity_lines": [ 227.739134, 227.861575, 224.773292, 222.624067 ] }, { "date": "2025-08-15", "close": 224.60965, "volume": 552293, "typical_volume": 1089681.55, "trend": 221.704647, "fair_value": 154.933461, "relative_strength": 2.646276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.841825, "energy": 15.202943, "activity_lines": [ 226.114972, 227.526659, 225.193952, 222.845989 ] }, { "date": "2025-08-22", "close": 230.155563, "volume": 661587, "typical_volume": 1026914.65, "trend": 222.213022, "fair_value": 155.811124, "relative_strength": 2.886642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.644403, "energy": 17.832277, "activity_lines": [ 227.342995, 228.2253, 226.092805, 223.39121 ] }, { "date": "2025-08-29", "close": 223.800003, "volume": 999675, "typical_volume": 956397.0, "trend": 221.882329, "fair_value": 156.645042, "relative_strength": 2.170447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.647777, "energy": 16.714648, "activity_lines": [ 226.373271, 227.487487, 226.204804, 223.493595 ] }, { "date": "2025-09-05", "close": 219.399994, "volume": 988928, "typical_volume": 974369.3, "trend": 221.60964, "fair_value": 157.394681, "relative_strength": -0.116713, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.043616, "energy": 10.971257, "activity_lines": [ 224.149307, 225.805939, 225.755889, 223.333445 ] }, { "date": "2025-09-12", "close": 232.199997, "volume": 685825, "typical_volume": 969436.35, "trend": 221.420298, "fair_value": 158.25983, "relative_strength": 5.038739, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.88788, "energy": 18.553548, "activity_lines": [ 226.32805, 226.578796, 226.437647, 224.016694 ] }, { "date": "2025-09-19", "close": 221.800003, "volume": 1468191, "typical_volume": 1012997.45, "trend": 221.069154, "fair_value": 159.098586, "relative_strength": -0.292424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.350335, "energy": 8.681925, "activity_lines": [ 224.917037, 225.495599, 226.032421, 224.041191 ] }, { "date": "2025-09-26", "close": 203.199997, "volume": 989063, "typical_volume": 1029267.9, "trend": 220.381908, "fair_value": 159.796115, "relative_strength": -8.693317, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.425655, "energy": 32.808879, "activity_lines": [ 217.493332, 221.355361, 223.865372, 222.888342 ] }, { "date": "2025-10-03", "close": 205.800003, "volume": 1897599, "typical_volume": 1075553.55, "trend": 220.085033, "fair_value": 160.612545, "relative_strength": -10.477296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.759973, "energy": 47.772263, "activity_lines": [ 212.733333, 218.156346, 222.068644, 221.947574 ] }, { "date": "2025-10-10", "close": 208.399994, "volume": 1261842, "typical_volume": 1023114.5, "trend": 219.841814, "fair_value": 161.456174, "relative_strength": -8.746186, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.347916, "energy": 55.40387, "activity_lines": [ 210.039998, 215.815265, 220.691161, 221.1937 ] }, { "date": "2025-10-17", "close": 208.0, "volume": 1008269, "typical_volume": 994202.95, "trend": 219.373988, "fair_value": 162.282368, "relative_strength": -8.806161, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.476874, "energy": 58.254954, "activity_lines": [ 207.946665, 213.638558, 219.315045, 220.429712 ] }, { "date": "2025-10-24", "close": 236.800003, "volume": 1073482, "typical_volume": 1004224.2, "trend": 220.130255, "fair_value": 163.207055, "relative_strength": 0.441769, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.782211, "energy": 7.925205, "activity_lines": [ 217.066667, 217.104646, 220.715606, 221.553971 ] }, { "date": "2025-10-31", "close": 233.399994, "volume": 863137, "typical_volume": 984572.0, "trend": 221.509342, "fair_value": 164.099413, "relative_strength": -0.361478, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.765597, "energy": 15.618494, "activity_lines": [ 224.053332, 219.730908, 221.740911, 222.410084 ] }, { "date": "2025-11-07", "close": 217.600006, "volume": 1081587, "typical_volume": 998906.05, "trend": 222.29574, "fair_value": 164.807154, "relative_strength": -5.938233, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.980421, "energy": 15.158708, "activity_lines": [ 223.760001, 219.425454, 221.172437, 222.157868 ] }, { "date": "2025-11-14", "close": 215.399994, "volume": 1024479, "typical_volume": 985488.85, "trend": 222.781025, "fair_value": 165.506368, "relative_strength": -7.709216, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.702441, "energy": 22.501745, "activity_lines": [ 221.946665, 218.832726, 220.386317, 221.712981 ] }, { "date": "2025-11-21", "close": 207.199997, "volume": 1728900, "typical_volume": 1027629.85, "trend": 222.623249, "fair_value": 166.16541, "relative_strength": -9.33126, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.589612, "energy": 20.101901, "activity_lines": [ 216.933331, 216.821817, 218.871589, 220.707754 ] }, { "date": "2025-11-28", "close": 216.199997, "volume": 8585400, "typical_volume": 1407692.35, "trend": 222.369336, "fair_value": 166.845589, "relative_strength": -8.384241, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.084525, "energy": 28.151677, "activity_lines": [ 214.973331, 216.901816, 218.342179, 220.29335 ] }, { "date": "2025-12-05", "close": 214.600006, "volume": 900406, "typical_volume": 1387353.25, "trend": 221.890432, "fair_value": 167.560122, "relative_strength": -10.208684, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.750378, "energy": 31.981331, "activity_lines": [ 213.853334, 216.792727, 217.772118, 219.792103 ] }, { "date": "2025-12-12", "close": 215.199997, "volume": 852031, "typical_volume": 1396829.4, "trend": 221.002378, "fair_value": 168.297089, "relative_strength": -9.628167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.009575, "energy": 32.392294, "activity_lines": [ 214.186666, 216.585454, 217.327614, 219.360462 ] }, { "date": "2025-12-19", "close": 210.399994, "volume": 1194504, "typical_volume": 1423217.3, "trend": 220.792814, "fair_value": 169.004526, "relative_strength": -12.064184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.729954, "energy": 31.181306, "activity_lines": [ 213.079998, 215.334544, 216.482092, 218.676438 ] }, { "date": "2025-12-26", "close": 211.399994, "volume": 201151, "typical_volume": 1400917.45, "trend": 220.669402, "fair_value": 169.719612, "relative_strength": -11.676753, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.317747, "energy": 28.760964, "activity_lines": [ 212.639996, 214.229088, 215.784383, 218.070449 ] }, { "date": "2026-01-02", "close": 202.199997, "volume": 574603, "typical_volume": 1402032.95, "trend": 219.876198, "fair_value": 170.377583, "relative_strength": -16.230097, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.225746, "energy": 44.180763, "activity_lines": [ 208.85333, 211.389088, 214.300739, 216.878875 ] }, { "date": "2026-01-09", "close": 208.600006, "volume": 661105, "typical_volume": 1402008.85, "trend": 219.672657, "fair_value": 171.031968, "relative_strength": -16.107393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.057987, "energy": 44.61584, "activity_lines": [ 208.133332, 210.341817, 213.533332, 216.151378 ] }, { "date": "2026-01-16", "close": 199.399994, "volume": 1942771, "typical_volume": 1449163.65, "trend": 219.122835, "fair_value": 171.645348, "relative_strength": -21.254124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.308722, "energy": 53.905359, "activity_lines": [ 204.746664, 208.072725, 211.992379, 214.843465 ] }, { "date": "2026-01-23", "close": 195.0, "volume": 2107734, "typical_volume": 1505103.95, "trend": 218.076426, "fair_value": 172.215032, "relative_strength": -22.057086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.498605, "energy": 68.816293, "activity_lines": [ 200.946665, 205.334544, 210.14857, 213.287153 ] }, { "date": "2026-01-30", "close": 195.600006, "volume": 2069561, "typical_volume": 1574290.75, "trend": 216.792529, "fair_value": 172.68509, "relative_strength": -21.736535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.865534, "energy": 66.138928, "activity_lines": [ 198.373335, 203.076363, 208.478094, 211.837061 ] }, { "date": "2026-02-06", "close": 221.199997, "volume": 2191710, "typical_volume": 1610466.7, "trend": 216.1771, "fair_value": 173.372536, "relative_strength": -13.848743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.439757, "energy": 26.0225, "activity_lines": [ 205.386667, 205.683636, 209.419999, 212.121414 ] }, { "date": "2026-02-13", "close": 205.600006, "volume": 1378611, "typical_volume": 1629944.1, "trend": 215.398195, "fair_value": 173.935818, "relative_strength": -19.49946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.704265, "energy": 21.858305, "activity_lines": [ 205.933335, 205.363637, 208.879047, 211.439021 ] }, { "date": "2026-02-20", "close": 214.399994, "volume": 1285720, "typical_volume": 1599350.15, "trend": 214.978646, "fair_value": 174.584631, "relative_strength": -17.308897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.58407, "energy": 15.523804, "activity_lines": [ 209.613333, 206.807272, 209.164761, 211.374621 ] }, { "date": "2026-02-27", "close": 220.800003, "volume": 1134697, "typical_volume": 1592992.9, "trend": 214.957294, "fair_value": 175.24349, "relative_strength": -15.686887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.686473, "energy": 18.499249, "activity_lines": [ 214.426667, 209.429091, 210.019047, 211.750192 ] }, { "date": "2026-03-06", "close": 208.800003, "volume": 1105456, "typical_volume": 1597852.25, "trend": 214.23884, "fair_value": 175.86446, "relative_strength": -15.236104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.685101, "energy": 13.776056, "activity_lines": [ 213.520001, 209.680001, 209.671428, 211.352947 ] }, { "date": "2026-03-13", "close": 205.199997, "volume": 1178326, "typical_volume": 1603094.45, "trend": 213.591851, "fair_value": 176.466071, "relative_strength": -15.902235, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.23219, "energy": 13.16471, "activity_lines": [ 210.533333, 209.323637, 208.977142, 210.769796 ] }, { "date": "2026-03-20", "close": 194.300003, "volume": 999046, "typical_volume": 1609889.9, "trend": 212.396666, "fair_value": 176.986038, "relative_strength": -15.754705, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.725048, "energy": 28.382686, "activity_lines": [ 204.980001, 206.93091, 207.395238, 209.525161 ] }, { "date": "2026-03-27", "close": 192.699997, "volume": 1563902, "typical_volume": 1634005.65, "trend": 211.359999, "fair_value": 177.41768, "relative_strength": -16.086795, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.933071, "energy": 48.44384, "activity_lines": [ 199.646666, 204.507273, 205.847143, 208.254408 ] }, { "date": "2026-04-03", "close": 200.199997, "volume": 1059491, "typical_volume": 1635756.25, "trend": 210.719999, "fair_value": 177.927758, "relative_strength": -15.478999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.723857, "energy": 50.106889, "activity_lines": [ 198.259999, 203.56909, 205.131904, 207.534408 ] }, { "date": "2026-04-10", "close": 216.199997, "volume": 981582, "typical_volume": 1598390.35, "trend": 210.186666, "fair_value": 178.516856, "relative_strength": -12.627181, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.386144, "energy": 28.110096, "activity_lines": [ 203.579998, 205.445453, 206.012856, 207.887956 ] }, { "date": "2026-04-17", "close": 248.199997, "volume": 1701481, "typical_volume": 1254194.4, "trend": 211.066666, "fair_value": 179.338344, "relative_strength": -1.799414, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.579047, "energy": 35.14699, "activity_lines": [ 219.073331, 212.765453, 209.898571, 210.340429 ] }, { "date": "2026-04-24", "close": 238.800003, "volume": 958259, "typical_volume": 1257087.05, "trend": 212.253333, "fair_value": 180.052487, "relative_strength": -2.806339, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.718255, "energy": 53.903293, "activity_lines": [ 228.566666, 217.885454, 212.736666, 212.129677 ] }, { "date": "2026-05-01", "close": 241.199997, "volume": 525660, "typical_volume": 1240768.5, "trend": 213.433332, "fair_value": 180.753513, "relative_strength": -0.235053, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.611167, "energy": 74.009497, "activity_lines": [ 235.893332, 222.838181, 215.688095, 213.997203 ] }, { "date": "2026-05-08", "close": 245.0, "volume": 1380167, "typical_volume": 1250051.65, "trend": 214.653333, "fair_value": 181.511737, "relative_strength": 1.241294, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.473315, "energy": 81.392206, "activity_lines": [ 241.253333, 227.994544, 218.877618, 216.033763 ] }, { "date": "2026-05-15", "close": 243.0, "volume": 686980, "typical_volume": 1274343.1, "trend": 215.819999, "fair_value": 182.212529, "relative_strength": 2.021331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.195808, "energy": 79.701097, "activity_lines": [ 242.96, 232.347272, 221.711904, 217.86258 ] }, { "date": "2026-05-22", "close": 261.799988, "volume": 1454438, "typical_volume": 1318334.85, "trend": 216.653332, "fair_value": 183.048084, "relative_strength": 6.19088, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.60967, "energy": 85.944678, "activity_lines": [ 249.146662, 239.496361, 226.186189, 220.829031 ] }, { "date": "2026-05-29", "close": 255.399994, "volume": 1159676, "typical_volume": 1343263.4, "trend": 217.386665, "fair_value": 183.850669, "relative_strength": 3.982578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.795982, "energy": 78.537406, "activity_lines": [ 252.293328, 244.452724, 229.767141, 223.328815 ] }, { "date": "2026-06-05", "close": 249.399994, "volume": 164159, "typical_volume": 1254332.8, "trend": 218.446665, "fair_value": 184.601781, "relative_strength": 2.488194, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.339529, "energy": 66.840009, "activity_lines": [ 252.333327, 247.207269, 232.553807, 225.394192 ] }, { "date": "2026-06-12", "close": 245.600006, "volume": 78176, "typical_volume": 1152854.9, "trend": 219.453332, "fair_value": 185.319859, "relative_strength": 1.228081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.116723, "energy": 54.51971, "activity_lines": [ 250.559998, 248.239997, 234.740474, 227.14602 ] }, { "date": "2026-06-19", "close": 254.399994, "volume": 611664, "typical_volume": 1079960.05, "trend": 221.026665, "fair_value": 186.133382, "relative_strength": 2.916646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.973235, "energy": 51.870572, "activity_lines": [ 251.679997, 250.04727, 237.524283, 229.400643 ] }, { "date": "2026-06-26", "close": 254.0, "volume": 155103, "typical_volume": 978129.7, "trend": 222.286665, "fair_value": 186.90035, "relative_strength": 3.823704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.78152, "energy": 48.172827, "activity_lines": [ 251.906665, 251.08727, 239.989998, 231.527955 ] }, { "date": "2026-07-03", "close": 250.0, "volume": 201695, "typical_volume": 919283.9, "trend": 223.466665, "fair_value": 187.688766, "relative_strength": -0.35344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.628193, "energy": 43.549503, "activity_lines": [ 251.319999, 251.294543, 241.918569, 233.315912 ] }, { "date": "2026-07-10", "close": 240.399994, "volume": 755739, "typical_volume": 892784.85, "trend": 224.306665, "fair_value": 188.468929, "relative_strength": -1.638424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.321523, "energy": 33.941562, "activity_lines": [ 247.893331, 249.552724, 242.721426, 234.408385 ] }, { "date": "2026-07-17", "close": 228.0, "volume": 1640885, "typical_volume": 918094.25, "trend": 224.893332, "fair_value": 189.12933, "relative_strength": -5.384785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.334777, "energy": 17.99056, "activity_lines": [ 240.933331, 245.570907, 242.219521, 234.646665 ] }, { "date": "2026-07-24", "close": 225.0, "volume": 1159999, "typical_volume": 920821.4, "trend": 225.346665, "fair_value": 189.787231, "relative_strength": -7.778623, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.114502, "energy": 17.75902, "activity_lines": [ 234.146665, 241.352726, 241.397617, 234.653547 ] }, { "date": "2026-07-31", "close": 224.0, "volume": 902455, "typical_volume": 907027.85, "trend": 226.073332, "fair_value": 190.435623, "relative_strength": -9.103859, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.892951, "energy": 26.665083, "activity_lines": [ 228.986666, 237.279999, 240.403331, 234.566665 ] }, { "date": "2026-08-07", "close": 236.199997, "volume": 881176, "typical_volume": 901134.35, "trend": 226.993332, "fair_value": 191.193819, "relative_strength": -5.635345, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.629125, "energy": 22.434234, "activity_lines": [ 229.893332, 236.112726, 240.481427, 235.219998 ] } ], "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." } } }