{ "ticker": { "uuid": "16042c48-6330-4c3b-b58c-3e7bf0308b9e", "symbol": "ASREUA", "name": "UBS MSCI USA Socially Responsible UCITS ETF USD dis", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 72.0, "architecture_energy": 58.786, "architecture_maturity": 66.022, "architecture_confidence": 69.935, "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": 18.15, "rotation_up": 48.2, "upward_expansion": 72.5, "deceleration": 85.5, "rotation_down": 27.95, "downward_expansion": 22.5 }, "activity_lines": [ 254.933338, 255.333639, 250.06462, 242.71746 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 260.670013, "trend_reference": 234.252547, "distance_from_trend": 0.112773, "trend_direction": "Improving", "fair_value": 206.647253, "distance_from_fair_value": 0.261425, "fair_value_direction": "Improving", "relative_strength": -1.258741, "relative_strength_direction": "Improving", "price_momentum": 0.1961, "excess_performance": 0.025209, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.112773, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.052794, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.261425, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.063981, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.012587, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.013253, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.1961, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.647672, "read": "Demand-led" } ], "volume": { "latest": 2299, "relative_activity": 0.662307, "balance": 9.647672, "dry_up": 0.302777, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.019978, "annualized_volatility": 0.13269, "from_high_reference": -0.005532, "from_low_reference": 0.2641 }, "levels": { "trend_reference": 234.252547, "fair_value_reference": 206.647253, "structural_low": 206.210007, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.009092, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": -0.003174, "regime_survival": 0.363636, "best_return": 0.113364, "worst_return": -0.082621, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.059346, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.046003, "regime_survival": 0.0, "best_return": 0.159817, "worst_return": -0.220516, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.089788, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.034931, "regime_survival": 0.0, "best_return": 0.162555, "worst_return": -0.106348, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.022944, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.054756, "regime_survival": 0.0, "best_return": 0.269757, "worst_return": -0.074134, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": -0.004869, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-21", "tenure": "New", "return": -0.025024, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-02-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.052931, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": 0.141615, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.035483, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": 0.002512, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-15", "end": "2025-08-29", "tenure": "New", "return": -0.00195, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-02-13", "tenure": "Established", "return": 0.039031, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.038117, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": -0.004397, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": 0.068778, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-31", "tenure": "Established", "return": 0.049438, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 161.947784, "volume": 217, "typical_volume": 1091.5, "trend": 155.559728, "fair_value": 147.887164, "relative_strength": -2.358482, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.126363, "energy": 47.982407, "activity_lines": [ 164.747242, 164.924057, 161.929738, 158.889838 ] }, { "date": "2023-08-25", "close": 165.395752, "volume": 204, "typical_volume": 1022.8, "trend": 156.137872, "fair_value": 148.189309, "relative_strength": -1.385991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.709911, "energy": 39.660251, "activity_lines": [ 164.643268, 165.058669, 162.613074, 159.52442 ] }, { "date": "2023-09-01", "close": 170.887024, "volume": 337, "typical_volume": 1019.8, "trend": 156.708078, "fair_value": 148.549273, "relative_strength": 0.67663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.925924, "energy": 54.671937, "activity_lines": [ 166.468045, 166.167995, 163.737898, 160.475979 ] }, { "date": "2023-09-08", "close": 170.268143, "volume": 491, "typical_volume": 978.65, "trend": 157.312766, "fair_value": 148.905946, "relative_strength": 2.165621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.792176, "energy": 58.448646, "activity_lines": [ 167.957039, 166.991272, 164.698005, 161.350821 ] }, { "date": "2023-09-15", "close": 170.140427, "volume": 619, "typical_volume": 983.95, "trend": 157.906675, "fair_value": 149.256145, "relative_strength": 0.162241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.75014, "energy": 70.464991, "activity_lines": [ 169.145004, 167.687578, 165.542234, 162.178412 ] }, { "date": "2023-09-22", "close": 165.47435, "volume": 443, "typical_volume": 981.25, "trend": 158.394616, "fair_value": 149.583072, "relative_strength": -1.124499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.519408, "energy": 54.694723, "activity_lines": [ 168.393846, 167.417178, 165.836966, 162.66665 ] }, { "date": "2023-09-29", "close": 165.83783, "volume": 510, "typical_volume": 910.85, "trend": 158.844127, "fair_value": 149.896349, "relative_strength": 0.645925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.713101, "energy": 45.391949, "activity_lines": [ 167.528743, 167.193073, 166.079093, 163.146857 ] }, { "date": "2023-10-06", "close": 163.932098, "volume": 806, "typical_volume": 930.35, "trend": 159.391209, "fair_value": 150.180261, "relative_strength": 1.37151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.341904, "energy": 24.08381, "activity_lines": [ 165.998924, 166.64125, 166.056638, 163.475113 ] }, { "date": "2023-10-13", "close": 166.456696, "volume": 641, "typical_volume": 869.35, "trend": 160.024401, "fair_value": 150.465974, "relative_strength": 1.683051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.997723, "energy": 22.053131, "activity_lines": [ 165.774299, 166.639583, 166.219573, 163.930951 ] }, { "date": "2023-10-20", "close": 159.452652, "volume": 638, "typical_volume": 841.45, "trend": 160.446951, "fair_value": 150.728609, "relative_strength": 0.808602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.080023, "energy": 18.743519, "activity_lines": [ 163.46909, 165.363264, 165.66553, 163.894064 ] }, { "date": "2023-10-27", "close": 156.240417, "volume": 4641, "typical_volume": 936.1, "trend": 160.61666, "fair_value": 150.998495, "relative_strength": -0.650057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -23.330059, "energy": 34.644615, "activity_lines": [ 160.805654, 163.592563, 164.806038, 163.622675 ] }, { "date": "2023-11-03", "close": 162.733643, "volume": 723, "typical_volume": 946.95, "trend": 161.098357, "fair_value": 151.27202, "relative_strength": -1.323952, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.373179, "energy": 29.979139, "activity_lines": [ 160.922222, 163.106218, 164.587151, 163.759254 ] }, { "date": "2023-11-10", "close": 163.558807, "volume": 272, "typical_volume": 925.1, "trend": 161.594516, "fair_value": 151.540387, "relative_strength": -0.089231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.107086, "energy": 28.35816, "activity_lines": [ 161.520791, 162.818305, 164.45332, 163.917993 ] }, { "date": "2023-11-17", "close": 166.397751, "volume": 1507, "typical_volume": 978.35, "trend": 162.191502, "fair_value": 151.821358, "relative_strength": -1.655324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.783364, "energy": 15.798013, "activity_lines": [ 163.09056, 163.179804, 164.579314, 164.227879 ] }, { "date": "2023-11-24", "close": 167.841782, "volume": 332, "typical_volume": 865.9, "trend": 162.850645, "fair_value": 152.099846, "relative_strength": -0.433607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.393981, "energy": 29.531335, "activity_lines": [ 165.145603, 163.874225, 164.834092, 164.592413 ] }, { "date": "2023-12-01", "close": 171.437119, "volume": 377, "typical_volume": 837.9, "trend": 163.65996, "fair_value": 152.414105, "relative_strength": 0.158152, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.82249, "energy": 46.8775, "activity_lines": [ 167.839816, 165.264137, 165.41124, 165.146379 ] }, { "date": "2023-12-08", "close": 173.942093, "volume": 2962, "typical_volume": 924.4, "trend": 164.511686, "fair_value": 152.744913, "relative_strength": 0.15924, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 81.478242, "energy": 76.766516, "activity_lines": [ 170.355906, 167.001085, 166.193378, 165.809743 ] }, { "date": "2023-12-15", "close": 178.195572, "volume": 1539, "typical_volume": 889.85, "trend": 165.372469, "fair_value": 153.09432, "relative_strength": 2.758224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.155287, "energy": 90.295914, "activity_lines": [ 173.542594, 169.364043, 167.346935, 166.692574 ] }, { "date": "2023-12-22", "close": 177.399887, "volume": 1754, "typical_volume": 964.15, "trend": 166.086723, "fair_value": 153.437889, "relative_strength": 2.371864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.074954, "energy": 91.968289, "activity_lines": [ 175.488268, 171.322994, 168.380662, 167.468537 ] }, { "date": "2023-12-29", "close": 176.633682, "volume": 540, "typical_volume": 977.65, "trend": 166.656084, "fair_value": 153.776915, "relative_strength": 1.943041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.393439, "energy": 88.581546, "activity_lines": [ 176.445065, 172.943669, 169.288995, 168.148985 ] }, { "date": "2024-01-05", "close": 175.523636, "volume": 447, "typical_volume": 989.15, "trend": 167.14344, "fair_value": 154.072194, "relative_strength": 0.935296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.494101, "energy": 85.484064, "activity_lines": [ 176.44572, 174.050134, 170.033277, 168.721086 ] }, { "date": "2024-01-12", "close": 177.704407, "volume": 895, "typical_volume": 1023.7, "trend": 167.597179, "fair_value": 154.381944, "relative_strength": 1.996195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.300177, "energy": 79.168603, "activity_lines": [ 176.900865, 175.2025, 170.920604, 169.402438 ] }, { "date": "2024-01-19", "close": 179.826263, "volume": 2175, "typical_volume": 1115.6, "trend": 168.213281, "fair_value": 154.702038, "relative_strength": 3.701017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.413831, "energy": 80.173861, "activity_lines": [ 177.812473, 176.468461, 171.9514, 170.191412 ] }, { "date": "2024-01-26", "close": 183.009033, "volume": 5087, "typical_volume": 1345.4, "trend": 168.828187, "fair_value": 155.059437, "relative_strength": 5.056869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.57191, "energy": 89.195889, "activity_lines": [ 179.676293, 178.017337, 173.24275, 171.145976 ] }, { "date": "2024-02-02", "close": 185.95871, "volume": 1244, "typical_volume": 1376.65, "trend": 169.572396, "fair_value": 155.401672, "relative_strength": 5.449063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.169148, "energy": 96.403776, "activity_lines": [ 182.149395, 179.800494, 174.75435, 172.251171 ] }, { "date": "2024-02-09", "close": 188.681351, "volume": 2145, "typical_volume": 1461.75, "trend": 170.38225, "fair_value": 155.7621, "relative_strength": 5.320515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.688517, "energy": 96.712328, "activity_lines": [ 184.908375, 181.749277, 176.449924, 173.484007 ] }, { "date": "2024-02-16", "close": 190.269562, "volume": 1485, "typical_volume": 1510.5, "trend": 171.162213, "fair_value": 156.131043, "relative_strength": 4.102575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.331899, "energy": 96.455673, "activity_lines": [ 187.319578, 183.673295, 178.186247, 174.767059 ] }, { "date": "2024-02-23", "close": 191.186981, "volume": 2504, "typical_volume": 1595.4, "trend": 171.903623, "fair_value": 156.539318, "relative_strength": 1.417815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.302665, "energy": 94.26528, "activity_lines": [ 189.198911, 185.467254, 179.893602, 176.05898 ] }, { "date": "2024-03-01", "close": 192.913284, "volume": 2048, "typical_volume": 1665.75, "trend": 172.78769, "fair_value": 156.974953, "relative_strength": 1.480189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.758309, "energy": 93.94596, "activity_lines": [ 190.896296, 187.338878, 181.635581, 177.414442 ] }, { "date": "2024-03-08", "close": 191.936691, "volume": 753, "typical_volume": 1671.5, "trend": 173.706114, "fair_value": 157.359149, "relative_strength": -0.566359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.482454, "energy": 84.734398, "activity_lines": [ 191.607867, 188.750878, 183.158568, 178.649861 ] }, { "date": "2024-03-15", "close": 189.835526, "volume": 762, "typical_volume": 1477.55, "trend": 174.635706, "fair_value": 157.72389, "relative_strength": -3.14655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.31736, "energy": 68.221983, "activity_lines": [ 191.220518, 189.502611, 184.326758, 179.690468 ] }, { "date": "2024-03-22", "close": 196.484283, "volume": 675, "typical_volume": 1475.15, "trend": 175.67199, "fair_value": 158.116192, "relative_strength": -0.950844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.782108, "energy": 74.91143, "activity_lines": [ 192.972476, 191.202993, 185.968186, 181.100054 ] }, { "date": "2024-03-29", "close": 197.83577, "volume": 63, "typical_volume": 1464.7, "trend": 176.570282, "fair_value": 158.497098, "relative_strength": -1.47363, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.651512, "energy": 74.022285, "activity_lines": [ 194.760615, 192.807648, 187.577609, 182.529975 ] }, { "date": "2024-04-05", "close": 192.775192, "volume": 268, "typical_volume": 1402.75, "trend": 177.320516, "fair_value": 158.840133, "relative_strength": -1.979386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.056429, "energy": 65.677273, "activity_lines": [ 194.418642, 193.164752, 188.54185, 183.575454 ] }, { "date": "2024-04-12", "close": 193.515045, "volume": 4208, "typical_volume": 1596.55, "trend": 178.09967, "fair_value": 159.17026, "relative_strength": -1.014138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.610652, "energy": 65.100078, "activity_lines": [ 194.332493, 193.478809, 189.450945, 184.620262 ] }, { "date": "2024-04-19", "close": 186.511139, "volume": 1984, "typical_volume": 1676.9, "trend": 178.800897, "fair_value": 159.459933, "relative_strength": -5.0873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.895878, "energy": 46.739078, "activity_lines": [ 191.806485, 192.38204, 189.570748, 185.162937 ] }, { "date": "2024-04-26", "close": 190.654282, "volume": 1832, "typical_volume": 1620.4, "trend": 179.628112, "fair_value": 159.780486, "relative_strength": -3.939356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.122253, "energy": 30.535105, "activity_lines": [ 190.88315, 192.078028, 190.013356, 185.927672 ] }, { "date": "2024-05-03", "close": 189.973618, "volume": 1220, "typical_volume": 1604.45, "trend": 180.496162, "fair_value": 160.089577, "relative_strength": -2.601508, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.583821, "energy": 25.887128, "activity_lines": [ 190.121594, 191.643264, 190.311556, 186.595124 ] }, { "date": "2024-05-10", "close": 193.209229, "volume": 11855, "typical_volume": 2109.5, "trend": 181.387914, "fair_value": 160.436197, "relative_strength": -3.928245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.591428, "energy": 26.945136, "activity_lines": [ 190.962719, 191.818854, 190.861824, 187.415322 ] }, { "date": "2024-05-17", "close": 194.254883, "volume": 249, "typical_volume": 2094.95, "trend": 182.547988, "fair_value": 160.791125, "relative_strength": -5.417544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.319956, "energy": 37.590461, "activity_lines": [ 192.123459, 192.179183, 191.436395, 188.245449 ] }, { "date": "2024-05-24", "close": 193.712326, "volume": 2800, "typical_volume": 2212.6, "trend": 183.797052, "fair_value": 161.134675, "relative_strength": -3.127276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.977521, "energy": 44.074098, "activity_lines": [ 193.054024, 192.398715, 191.875384, 188.965729 ] }, { "date": "2024-05-31", "close": 189.006897, "volume": 485, "typical_volume": 2192.1, "trend": 184.672827, "fair_value": 161.442569, "relative_strength": -5.352913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.749044, "energy": 30.616723, "activity_lines": [ 191.936034, 191.692228, 191.779624, 189.301848 ] }, { "date": "2024-06-07", "close": 193.850449, "volume": 7878, "typical_volume": 2477.25, "trend": 185.682548, "fair_value": 161.771821, "relative_strength": -3.291678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.858964, "energy": 32.675036, "activity_lines": [ 192.542387, 192.002339, 192.091333, 189.893952 ] }, { "date": "2024-06-14", "close": 196.780243, "volume": 515, "typical_volume": 2248.65, "trend": 186.695298, "fair_value": 162.115657, "relative_strength": 4.118979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.492777, "energy": 42.107723, "activity_lines": [ 193.866882, 192.9176, 192.615288, 190.609933 ] }, { "date": "2024-06-21", "close": 199.502884, "volume": 802, "typical_volume": 2226.55, "trend": 187.750668, "fair_value": 162.458122, "relative_strength": 3.498056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.537547, "energy": 56.966437, "activity_lines": [ 195.860857, 194.255068, 193.332965, 191.436228 ] }, { "date": "2024-06-28", "close": 201.022049, "volume": 2533, "typical_volume": 2245.95, "trend": 188.736832, "fair_value": 162.788291, "relative_strength": 4.692257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.575673, "energy": 81.819772, "activity_lines": [ 198.011354, 195.759878, 194.130829, 192.292447 ] }, { "date": "2024-07-05", "close": 201.169998, "volume": 2855, "typical_volume": 2314.45, "trend": 189.644429, "fair_value": 163.119902, "relative_strength": 2.188925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.527595, "energy": 84.8512, "activity_lines": [ 199.723852, 197.027753, 194.884018, 193.094586 ] }, { "date": "2024-07-12", "close": 204.888977, "volume": 2578, "typical_volume": 2318.15, "trend": 190.534209, "fair_value": 163.474613, "relative_strength": 2.228905, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.963896, "energy": 91.930458, "activity_lines": [ 201.865136, 198.780611, 195.939488, 194.078106 ] }, { "date": "2024-07-19", "close": 200.46962, "volume": 3669, "typical_volume": 2399.2, "trend": 191.3032, "fair_value": 163.78507, "relative_strength": 1.065442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.858406, "energy": 82.611137, "activity_lines": [ 201.797399, 199.458761, 196.50882, 194.7191 ] }, { "date": "2024-07-26", "close": 200.400574, "volume": 9146, "typical_volume": 2818.85, "trend": 192.09543, "fair_value": 164.097492, "relative_strength": 2.170015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.973699, "energy": 63.996192, "activity_lines": [ 201.460688, 199.99235, 197.035593, 195.306027 ] }, { "date": "2024-08-02", "close": 192.656815, "volume": 4384, "typical_volume": 2999.95, "trend": 192.666536, "fair_value": 164.345929, "relative_strength": 3.654832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.040286, "energy": 25.747885, "activity_lines": [ 198.482879, 199.006244, 196.784561, 195.342245 ] }, { "date": "2024-08-09", "close": 192.825912, "volume": 21964, "typical_volume": 4064.4, "trend": 193.170586, "fair_value": 164.589255, "relative_strength": 4.431784, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.681274, "energy": 17.637722, "activity_lines": [ 196.119117, 198.070073, 196.536199, 195.352528 ] }, { "date": "2024-08-16", "close": 199.304291, "volume": 1310, "typical_volume": 4126.75, "trend": 193.819854, "fair_value": 164.87126, "relative_strength": 3.759194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.958034, "energy": 22.713007, "activity_lines": [ 196.471088, 198.242353, 196.922246, 195.748251 ] }, { "date": "2024-08-23", "close": 199.839203, "volume": 9215, "typical_volume": 4574.1, "trend": 194.380859, "fair_value": 165.14895, "relative_strength": 2.129345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.483397, "energy": 22.556121, "activity_lines": [ 197.373675, 198.412729, 197.352244, 196.136596 ] }, { "date": "2024-08-30", "close": 200.562317, "volume": 4320, "typical_volume": 4579.7, "trend": 194.867646, "fair_value": 165.431151, "relative_strength": 0.386021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.767311, "energy": 22.061925, "activity_lines": [ 198.559327, 198.658962, 197.817473, 196.5354 ] }, { "date": "2024-09-06", "close": 194.559433, "volume": 2201, "typical_volume": 4590.55, "trend": 195.063582, "fair_value": 165.680758, "relative_strength": 0.60858, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.965194, "energy": 15.4314, "activity_lines": [ 197.733236, 197.7945, 197.677439, 196.515515 ] }, { "date": "2024-09-13", "close": 202.503845, "volume": 1676, "typical_volume": 4582.75, "trend": 195.471392, "fair_value": 165.981042, "relative_strength": 3.802972, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.164544, "energy": 32.223648, "activity_lines": [ 199.42844, 198.491978, 198.255691, 196.995532 ] }, { "date": "2024-09-20", "close": 203.880768, "volume": 5149, "typical_volume": 4779.2, "trend": 195.894518, "fair_value": 166.291144, "relative_strength": 3.82303, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.183658, "energy": 44.643145, "activity_lines": [ 200.937424, 199.415555, 198.908652, 197.538072 ] }, { "date": "2024-09-27", "close": 207.427017, "volume": 2857, "typical_volume": 4329.3, "trend": 196.378309, "fair_value": 166.643182, "relative_strength": 2.659298, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.990252, "energy": 61.382431, "activity_lines": [ 203.323392, 201.002234, 199.833126, 198.282104 ] }, { "date": "2024-10-04", "close": 208.110519, "volume": 1736, "typical_volume": 4403.65, "trend": 196.917437, "fair_value": 166.978353, "relative_strength": 6.365701, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.449453, "energy": 72.684063, "activity_lines": [ 205.431339, 202.586689, 200.754992, 199.039021 ] }, { "date": "2024-10-11", "close": 211.359604, "volume": 479, "typical_volume": 4287.6, "trend": 197.634906, "fair_value": 167.314344, "relative_strength": 5.685421, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.776075, "energy": 78.915949, "activity_lines": [ 208.119102, 204.621706, 201.920316, 199.970774 ] }, { "date": "2024-10-18", "close": 213.756805, "volume": 2964, "typical_volume": 4411.55, "trend": 198.210657, "fair_value": 167.642657, "relative_strength": 4.080148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.188557, "energy": 84.193529, "activity_lines": [ 210.48592, 206.752527, 203.22991, 201.010896 ] }, { "date": "2024-10-25", "close": 214.262009, "volume": 1790, "typical_volume": 4107.15, "trend": 198.758198, "fair_value": 167.936918, "relative_strength": 5.45876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.609983, "energy": 85.45269, "activity_lines": [ 212.270942, 208.594641, 204.469761, 202.046467 ] }, { "date": "2024-11-01", "close": 210.061966, "volume": 1540, "typical_volume": 4158.4, "trend": 199.334424, "fair_value": 168.171363, "relative_strength": 3.559213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.315197, "energy": 80.01904, "activity_lines": [ 211.963867, 209.401153, 205.212411, 202.775743 ] }, { "date": "2024-11-08", "close": 223.642776, "volume": 10213, "typical_volume": 4628.95, "trend": 200.338682, "fair_value": 168.49881, "relative_strength": 12.730725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.401992, "energy": 91.814128, "activity_lines": [ 216.008066, 212.491034, 207.185225, 204.344024 ] }, { "date": "2024-11-15", "close": 223.989471, "volume": 10807, "typical_volume": 5042.65, "trend": 201.587959, "fair_value": 168.805809, "relative_strength": 11.335095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.567997, "energy": 92.392496, "activity_lines": [ 219.132345, 215.224306, 209.076105, 205.869881 ] }, { "date": "2024-11-22", "close": 233.073074, "volume": 1759, "typical_volume": 4987.85, "trend": 203.001919, "fair_value": 169.195379, "relative_strength": 17.777499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.0892, "energy": 95.796726, "activity_lines": [ 224.442502, 219.074051, 211.722722, 207.901179 ] }, { "date": "2024-11-29", "close": 230.923538, "volume": 5869, "typical_volume": 5152.4, "trend": 204.366916, "fair_value": 169.590684, "relative_strength": 16.522183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.626853, "energy": 92.453129, "activity_lines": [ 227.748394, 221.977167, 214.012702, 209.702573 ] }, { "date": "2024-12-06", "close": 232.359879, "volume": 467, "typical_volume": 4992.3, "trend": 205.671938, "fair_value": 169.968126, "relative_strength": 12.390757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.803477, "energy": 91.31114, "activity_lines": [ 230.422299, 224.649749, 216.315502, 211.508571 ] }, { "date": "2024-12-13", "close": 231.101837, "volume": 3506, "typical_volume": 4710.3, "trend": 206.90017, "fair_value": 170.351255, "relative_strength": 11.065065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.45321, "energy": 88.209462, "activity_lines": [ 231.190329, 226.640271, 218.346631, 213.14921 ] }, { "date": "2024-12-20", "close": 226.77301, "volume": 3011, "typical_volume": 4641.65, "trend": 208.002193, "fair_value": 170.69022, "relative_strength": 12.293778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.222102, "energy": 66.112469, "activity_lines": [ 230.018146, 227.42571, 219.819293, 214.431328 ] }, { "date": "2024-12-27", "close": 226.446121, "volume": 779, "typical_volume": 3582.4, "trend": 209.250167, "fair_value": 171.005594, "relative_strength": 10.547672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.431204, "energy": 62.345935, "activity_lines": [ 228.55143, 227.871471, 221.098365, 215.621259 ] }, { "date": "2025-01-03", "close": 226.337143, "volume": 9423, "typical_volume": 3988.05, "trend": 210.333057, "fair_value": 171.369455, "relative_strength": 10.294993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.05236, "energy": 50.478017, "activity_lines": [ 227.490185, 228.066703, 222.206962, 216.723645 ] }, { "date": "2025-01-10", "close": 223.444687, "volume": 3320, "typical_volume": 3693.3, "trend": 211.221871, "fair_value": 171.740295, "relative_strength": 5.719194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.022673, "energy": 37.770226, "activity_lines": [ 225.770548, 227.516486, 222.911359, 217.569556 ] }, { "date": "2025-01-17", "close": 231.914108, "volume": 1599, "typical_volume": 3557.25, "trend": 212.302246, "fair_value": 172.193798, "relative_strength": 6.007911, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.062237, "energy": 43.871495, "activity_lines": [ 227.468398, 228.262841, 224.309961, 218.904539 ] }, { "date": "2025-01-24", "close": 230.784851, "volume": 2019, "typical_volume": 3548.15, "trend": 213.294339, "fair_value": 172.665707, "relative_strength": 5.568869, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.698825, "energy": 47.427784, "activity_lines": [ 228.735677, 228.653489, 225.45172, 220.096966 ] }, { "date": "2025-01-31", "close": 230.725403, "volume": 6677, "typical_volume": 3798.2, "trend": 214.279519, "fair_value": 173.134494, "relative_strength": 4.666682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.596777, "energy": 48.606039, "activity_lines": [ 229.715684, 228.909776, 226.415315, 221.22155 ] }, { "date": "2025-02-07", "close": 227.80751, "volume": 2926, "typical_volume": 3687.05, "trend": 215.04347, "fair_value": 173.576928, "relative_strength": 1.684678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.453551, "energy": 50.210914, "activity_lines": [ 229.437775, 228.678222, 226.966628, 222.094324 ] }, { "date": "2025-02-14", "close": 224.663284, "volume": 2446, "typical_volume": 3666.5, "trend": 215.849926, "fair_value": 174.026878, "relative_strength": -2.128266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.104348, "energy": 38.365009, "activity_lines": [ 228.013765, 227.931645, 227.104553, 222.714957 ] }, { "date": "2025-02-21", "close": 224.951843, "volume": 439, "typical_volume": 3601.65, "trend": 216.668301, "fair_value": 174.47277, "relative_strength": -3.135073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.907499, "energy": 24.464102, "activity_lines": [ 226.604703, 227.377472, 227.187883, 223.302178 ] }, { "date": "2025-02-28", "close": 218.941986, "volume": 12996, "typical_volume": 4227.5, "trend": 217.544474, "fair_value": 174.864965, "relative_strength": -6.235901, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.725189, "energy": 18.942214, "activity_lines": [ 223.656505, 225.842416, 226.618649, 223.448867 ] }, { "date": "2025-03-07", "close": 203.210876, "volume": 15074, "typical_volume": 4833.0, "trend": 217.890639, "fair_value": 175.181255, "relative_strength": -12.699572, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.716039, "energy": 51.221511, "activity_lines": [ 216.254129, 221.58954, 224.515107, 222.524119 ] }, { "date": "2025-03-14", "close": 199.996994, "volume": 19066, "typical_volume": 5696.8, "trend": 217.913729, "fair_value": 175.433167, "relative_strength": -14.103227, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -54.191097, "energy": 80.10454, "activity_lines": [ 209.61476, 217.174781, 222.1557, 221.36969 ] }, { "date": "2025-03-21", "close": 201.837769, "volume": 14050, "typical_volume": 6322.3, "trend": 217.980348, "fair_value": 175.683571, "relative_strength": -14.007579, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.296382, "energy": 83.604434, "activity_lines": [ 205.443018, 213.57362, 220.039533, 220.332531 ] }, { "date": "2025-03-28", "close": 200.852707, "volume": 12417, "typical_volume": 6432.5, "trend": 217.990028, "fair_value": 175.923618, "relative_strength": -13.630778, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.850596, "energy": 81.433918, "activity_lines": [ 202.464622, 210.18621, 217.868714, 219.227522 ] }, { "date": "2025-04-04", "close": 192.454819, "volume": 3389, "typical_volume": 6061.6, "trend": 217.919874, "fair_value": 176.102745, "relative_strength": -7.439455, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.102277, "energy": 95.191909, "activity_lines": [ 198.29354, 205.836664, 215.00662, 217.580089 ] }, { "date": "2025-04-11", "close": 179.58934, "volume": 2673, "typical_volume": 6107.3, "trend": 217.156057, "fair_value": 176.217495, "relative_strength": -11.922726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.993302, "energy": 96.854047, "activity_lines": [ 191.599775, 199.844849, 211.069408, 215.107152 ] }, { "date": "2025-04-18", "close": 180.773392, "volume": 10502, "typical_volume": 6338.95, "trend": 216.385811, "fair_value": 176.358553, "relative_strength": -16.024191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.873817, "energy": 93.401601, "activity_lines": [ 186.875464, 194.998064, 207.499647, 212.759883 ] }, { "date": "2025-04-25", "close": 186.833023, "volume": 21883, "typical_volume": 7409.75, "trend": 215.699345, "fair_value": 176.53976, "relative_strength": -16.236419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.234122, "energy": 78.741745, "activity_lines": [ 185.452603, 192.108195, 204.745803, 210.853251 ] }, { "date": "2025-05-02", "close": 194.554291, "volume": 5215, "typical_volume": 7495.2, "trend": 215.247471, "fair_value": 176.810757, "relative_strength": -14.847824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.317449, "energy": 66.418471, "activity_lines": [ 187.603815, 191.310016, 202.944113, 209.489054 ] }, { "date": "2025-05-09", "close": 197.758224, "volume": 16305, "typical_volume": 8159.9, "trend": 214.794091, "fair_value": 177.110562, "relative_strength": -15.586082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.133375, "energy": 57.555538, "activity_lines": [ 191.242898, 191.647053, 201.621596, 208.360716 ] }, { "date": "2025-05-16", "close": 209.668488, "volume": 1625, "typical_volume": 8202.2, "trend": 214.657814, "fair_value": 177.544794, "relative_strength": -13.240413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.376642, "energy": 26.008231, "activity_lines": [ 198.49851, 194.534752, 201.571555, 208.030032 ] }, { "date": "2025-05-23", "close": 200.832794, "volume": 7984, "typical_volume": 8130.25, "trend": 214.210173, "fair_value": 177.867977, "relative_strength": -14.263655, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.962237, "energy": 30.310678, "activity_lines": [ 200.803613, 195.69855, 200.759913, 207.138095 ] }, { "date": "2025-05-30", "close": 204.09642, "volume": 3249, "typical_volume": 8126.7, "trend": 214.011322, "fair_value": 178.22035, "relative_strength": -14.092458, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.944129, "energy": 28.942354, "activity_lines": [ 202.859299, 197.440538, 200.380541, 206.485595 ] }, { "date": "2025-06-06", "close": 205.021805, "volume": 2118, "typical_volume": 8152.65, "trend": 213.390623, "fair_value": 178.608069, "relative_strength": -14.647059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.176983, "energy": 27.556801, "activity_lines": [ 204.072552, 199.309712, 200.181436, 205.905626 ] }, { "date": "2025-06-13", "close": 201.340271, "volume": 2830, "typical_volume": 8193.2, "trend": 212.63565, "fair_value": 179.022182, "relative_strength": -13.449407, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.288216, "energy": 16.162796, "activity_lines": [ 203.360794, 200.433714, 199.759768, 205.128184 ] }, { "date": "2025-06-20", "close": 201.230804, "volume": 1869, "typical_volume": 7952.8, "trend": 211.574241, "fair_value": 179.392128, "relative_strength": -12.793289, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.406657, "energy": 13.412759, "activity_lines": [ 202.373744, 201.376259, 199.467886, 204.392387 ] }, { "date": "2025-06-27", "close": 204.633743, "volume": 1782, "typical_volume": 7895.6, "trend": 210.697914, "fair_value": 179.798439, "relative_strength": -12.196378, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.476565, "energy": 10.550284, "activity_lines": [ 203.083518, 202.54404, 199.640544, 203.944613 ] }, { "date": "2025-07-04", "close": 204.603897, "volume": 601, "typical_volume": 7803.35, "trend": 209.772715, "fair_value": 180.151018, "relative_strength": -11.724753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.669322, "energy": 7.747521, "activity_lines": [ 203.529948, 203.272569, 199.920711, 203.551451 ] }, { "date": "2025-07-11", "close": 205.4198, "volume": 907, "typical_volume": 7826.75, "trend": 208.916647, "fair_value": 180.51971, "relative_strength": -12.150253, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.569232, "energy": 9.656917, "activity_lines": [ 204.214513, 203.826337, 200.374104, 203.270618 ] }, { "date": "2025-07-18", "close": 207.25061, "volume": 2915, "typical_volume": 7322.7, "trend": 208.2659, "fair_value": 180.868114, "relative_strength": -11.672806, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.985161, "energy": 22.921206, "activity_lines": [ 205.482815, 204.515426, 201.09487, 203.163132 ] }, { "date": "2025-07-25", "close": 208.484421, "volume": 254, "typical_volume": 6581.7, "trend": 207.667177, "fair_value": 181.195575, "relative_strength": -11.814878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.99517, "energy": 35.753196, "activity_lines": [ 206.768365, 205.256254, 201.988814, 203.17723 ] }, { "date": "2025-08-01", "close": 206.796326, "volume": 4186, "typical_volume": 5837.7, "trend": 207.015816, "fair_value": 181.496153, "relative_strength": -10.565449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 3.283605, "energy": 30.570356, "activity_lines": [ 207.007643, 205.711685, 202.696876, 203.121046 ] }, { "date": "2025-08-08", "close": 207.31572, "volume": 2854, "typical_volume": 5277.9, "trend": 206.478184, "fair_value": 181.780704, "relative_strength": -13.650083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.724968, "energy": 35.28967, "activity_lines": [ 207.275879, 206.153123, 203.422026, 203.140394 ] }, { "date": "2025-08-15", "close": 209.992569, "volume": 1513, "typical_volume": 4732.7, "trend": 205.747466, "fair_value": 182.068303, "relative_strength": -14.330501, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.537415, "energy": 48.474029, "activity_lines": [ 208.25561, 207.022729, 204.376028, 203.367129 ] }, { "date": "2025-08-22", "close": 211.001389, "volume": 1960, "typical_volume": 4661.25, "trend": 205.088017, "fair_value": 182.389968, "relative_strength": -14.91902, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.645134, "energy": 57.450064, "activity_lines": [ 209.266764, 207.985378, 205.382585, 203.706092 ] }, { "date": "2025-08-29", "close": 209.583054, "volume": 2130, "typical_volume": 4634.1, "trend": 204.383272, "fair_value": 182.739755, "relative_strength": -13.006247, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.041041, "energy": 60.312149, "activity_lines": [ 209.555087, 208.514492, 206.165746, 203.996094 ] }, { "date": "2025-09-05", "close": 209.233459, "volume": 4359, "typical_volume": 4326.95, "trend": 203.764137, "fair_value": 183.067945, "relative_strength": -11.681423, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.842185, "energy": 70.777926, "activity_lines": [ 209.653636, 208.828184, 206.772785, 204.309009 ] }, { "date": "2025-09-12", "close": 212.38974, "volume": 4266, "typical_volume": 3446.1, "trend": 203.355019, "fair_value": 183.415806, "relative_strength": -12.057046, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.800484, "energy": 77.310319, "activity_lines": [ 210.641803, 209.632114, 207.544897, 204.8655 ] }, { "date": "2025-09-19", "close": 213.208786, "volume": 692, "typical_volume": 3219.95, "trend": 202.963584, "fair_value": 183.844908, "relative_strength": -10.885964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.592496, "energy": 72.462628, "activity_lines": [ 211.564718, 210.443401, 208.273316, 205.501227 ] }, { "date": "2025-09-26", "close": 213.628296, "volume": 2068, "typical_volume": 2508.1, "trend": 202.786461, "fair_value": 184.282944, "relative_strength": -11.118611, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.196127, "energy": 74.223213, "activity_lines": [ 212.413054, 211.189344, 208.952857, 206.189273 ] }, { "date": "2025-10-03", "close": 217.054245, "volume": 846, "typical_volume": 2469.15, "trend": 203.247907, "fair_value": 184.749497, "relative_strength": -10.6118, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.13462, "energy": 86.834691, "activity_lines": [ 214.228247, 212.44223, 209.883107, 207.109775 ] }, { "date": "2025-10-10", "close": 216.684692, "volume": 840, "typical_volume": 2111.95, "trend": 203.804163, "fair_value": 185.226544, "relative_strength": -7.878149, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.081465, "energy": 81.638624, "activity_lines": [ 215.422176, 213.472109, 210.742991, 207.976664 ] }, { "date": "2025-10-17", "close": 216.64473, "volume": 3725, "typical_volume": 2135.75, "trend": 204.297729, "fair_value": 185.697465, "relative_strength": -6.972832, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.426781, "energy": 77.513975, "activity_lines": [ 216.106035, 214.314933, 211.523584, 208.805088 ] }, { "date": "2025-10-24", "close": 220.270462, "volume": 1279, "typical_volume": 2093.8, "trend": 204.944987, "fair_value": 186.143236, "relative_strength": -6.724666, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.88574, "energy": 78.256171, "activity_lines": [ 217.714806, 215.647363, 212.589731, 209.835587 ] }, { "date": "2025-10-31", "close": 224.315689, "volume": 2454, "typical_volume": 2075.0, "trend": 206.007016, "fair_value": 186.640789, "relative_strength": -6.245605, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.358524, "energy": 91.355614, "activity_lines": [ 220.201207, 217.528419, 213.968526, 211.08531 ] }, { "date": "2025-11-07", "close": 216.125351, "volume": 1913, "typical_volume": 2077.2, "trend": 207.224883, "fair_value": 187.061238, "relative_strength": -8.627682, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.085799, "energy": 61.637369, "activity_lines": [ 219.245003, 217.678243, 214.457881, 211.738105 ] }, { "date": "2025-11-14", "close": 218.262833, "volume": 4528, "typical_volume": 2214.5, "trend": 208.474531, "fair_value": 187.508127, "relative_strength": -9.480771, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.14177, "energy": 55.116683, "activity_lines": [ 219.063219, 218.09775, 215.079879, 212.450231 ] }, { "date": "2025-11-21", "close": 212.96907, "volume": 2459, "typical_volume": 2307.4, "trend": 209.345733, "fair_value": 187.900475, "relative_strength": -8.283671, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.860658, "energy": 34.830271, "activity_lines": [ 217.011638, 217.390584, 215.132809, 212.740201 ] }, { "date": "2025-11-28", "close": 221.069519, "volume": 5414, "typical_volume": 2532.75, "trend": 210.229574, "fair_value": 188.345686, "relative_strength": -5.717677, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.615065, "energy": 31.528644, "activity_lines": [ 217.905251, 218.145694, 215.917377, 213.496575 ] }, { "date": "2025-12-05", "close": 223.29689, "volume": 1418, "typical_volume": 2457.9, "trend": 211.080862, "fair_value": 188.827342, "relative_strength": -4.409061, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.435453, "energy": 42.544858, "activity_lines": [ 219.48805, 219.162858, 216.839552, 214.339627 ] }, { "date": "2025-12-12", "close": 220.470215, "volume": 269, "typical_volume": 2458.65, "trend": 211.44092, "fair_value": 189.32853, "relative_strength": -5.267327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.490687, "energy": 39.186959, "activity_lines": [ 220.196544, 219.490288, 217.416109, 214.945392 ] }, { "date": "2025-12-19", "close": 218.39267, "volume": 637, "typical_volume": 2281.2, "trend": 212.026249, "fair_value": 189.833135, "relative_strength": -8.161719, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.732571, "energy": 40.993121, "activity_lines": [ 219.922866, 219.377875, 217.73773, 215.393892 ] }, { "date": "2025-12-26", "close": 220.310425, "volume": 98, "typical_volume": 2143.4, "trend": 212.566716, "fair_value": 190.35659, "relative_strength": -6.469569, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.855699, "energy": 38.841139, "activity_lines": [ 220.279783, 219.583089, 218.186774, 215.928355 ] }, { "date": "2026-01-02", "close": 218.782211, "volume": 965, "typical_volume": 2116.0, "trend": 213.025396, "fair_value": 190.862006, "relative_strength": -8.082447, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.374708, "energy": 29.880128, "activity_lines": [ 219.637872, 219.443798, 218.428393, 216.329355 ] }, { "date": "2026-01-09", "close": 225.124741, "volume": 893, "typical_volume": 2062.65, "trend": 213.818212, "fair_value": 191.385788, "relative_strength": -5.632033, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.475784, "energy": 40.662248, "activity_lines": [ 221.262625, 220.484753, 219.232208, 217.109958 ] }, { "date": "2026-01-16", "close": 226.593018, "volume": 1413, "typical_volume": 2026.8, "trend": 214.663619, "fair_value": 191.928411, "relative_strength": -4.676187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.333276, "energy": 57.085693, "activity_lines": [ 223.254947, 221.777958, 220.108605, 217.934139 ] }, { "date": "2026-01-23", "close": 222.607697, "volume": 311, "typical_volume": 1824.4, "trend": 215.262751, "fair_value": 192.406336, "relative_strength": -3.828399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.499868, "energy": 48.749211, "activity_lines": [ 223.510642, 222.156238, 220.524447, 218.44666 ] }, { "date": "2026-01-30", "close": 218.562485, "volume": 1554, "typical_volume": 1688.8, "trend": 215.728037, "fair_value": 192.821602, "relative_strength": -6.486163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.651879, "energy": 37.120181, "activity_lines": [ 222.136931, 221.720027, 220.491344, 218.659546 ] }, { "date": "2026-02-06", "close": 217.933212, "volume": 992, "typical_volume": 1703.8, "trend": 216.145151, "fair_value": 193.243434, "relative_strength": -6.979892, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.356406, "energy": 18.607876, "activity_lines": [ 220.669991, 221.067704, 220.368917, 218.801815 ] }, { "date": "2026-02-13", "close": 217.399994, "volume": 2003, "typical_volume": 1700.55, "trend": 216.483464, "fair_value": 193.660593, "relative_strength": -5.895978, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.458054, "energy": 15.420953, "activity_lines": [ 219.081912, 220.375456, 220.173209, 218.882773 ] }, { "date": "2026-02-20", "close": 218.539993, "volume": 976, "typical_volume": 1707.05, "trend": 216.818649, "fair_value": 194.094592, "relative_strength": -7.118755, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.197899, "energy": 18.13752, "activity_lines": [ 218.388816, 219.997697, 220.068113, 219.015452 ] }, { "date": "2026-02-27", "close": 217.119995, "volume": 934, "typical_volume": 1711.75, "trend": 217.162772, "fair_value": 194.509769, "relative_strength": -8.793881, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.152768, "energy": 17.548519, "activity_lines": [ 217.759256, 219.396852, 219.820703, 219.034894 ] }, { "date": "2026-03-06", "close": 220.110001, "volume": 6756, "typical_volume": 1863.3, "trend": 217.589248, "fair_value": 194.975091, "relative_strength": -1.0281, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.287233, "energy": 13.575008, "activity_lines": [ 218.492211, 219.362784, 219.855983, 219.225038 ] }, { "date": "2026-03-13", "close": 215.240005, "volume": 3809, "typical_volume": 1989.8, "trend": 217.764162, "fair_value": 195.409573, "relative_strength": -3.461355, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.197576, "energy": 24.221211, "activity_lines": [ 217.498666, 218.446905, 219.410953, 219.073474 ] }, { "date": "2026-03-20", "close": 210.210007, "volume": 5389, "typical_volume": 2136.55, "trend": 217.737783, "fair_value": 195.8162, "relative_strength": -2.370626, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -48.960978, "energy": 50.692742, "activity_lines": [ 215.008003, 216.680886, 218.51083, 218.586109 ] }, { "date": "2026-03-27", "close": 211.509995, "volume": 921, "typical_volume": 2086.95, "trend": 217.802014, "fair_value": 196.203128, "relative_strength": -2.870376, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.609661, "energy": 54.243001, "activity_lines": [ 213.430001, 215.422405, 217.801685, 218.184316 ] }, { "date": "2026-04-03", "close": 210.580002, "volume": 3445, "typical_volume": 2032.8, "trend": 217.846899, "fair_value": 196.60247, "relative_strength": -7.72595, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.511702, "energy": 71.817502, "activity_lines": [ 212.010668, 214.269071, 217.025947, 217.71838 ] }, { "date": "2026-04-10", "close": 215.330002, "volume": 1542, "typical_volume": 1986.95, "trend": 217.944908, "fair_value": 197.029752, "relative_strength": -9.313429, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.519089, "energy": 62.593503, "activity_lines": [ 212.610668, 214.198059, 216.739175, 217.555999 ] }, { "date": "2026-04-17", "close": 225.759995, "volume": 5764, "typical_volume": 2004.45, "trend": 218.363281, "fair_value": 197.525084, "relative_strength": -7.227543, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.491871, "energy": 7.193126, "activity_lines": [ 217.005999, 216.082182, 217.434493, 218.060198 ] }, { "date": "2026-04-24", "close": 229.669998, "volume": 3342, "typical_volume": 2100.65, "trend": 218.898005, "fair_value": 198.048177, "relative_strength": -3.150026, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 36.734129, "energy": 34.858466, "activity_lines": [ 222.003332, 218.534909, 218.479857, 218.789664 ] }, { "date": "2026-05-01", "close": 230.139999, "volume": 7695, "typical_volume": 2471.95, "trend": 219.334197, "fair_value": 198.580115, "relative_strength": -4.025171, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "up", "direction": 77.295262, "energy": 67.240842, "activity_lines": [ 225.859999, 220.85, 219.539635, 219.514954 ] }, { "date": "2026-05-08", "close": 238.479996, "volume": 14016, "typical_volume": 3140.9, "trend": 220.060707, "fair_value": 199.157613, "relative_strength": -2.584004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.641432, "energy": 94.007121, "activity_lines": [ 231.254664, 224.470544, 221.347651, 220.750167 ] }, { "date": "2026-05-15", "close": 241.279999, "volume": 8011, "typical_volume": 3536.55, "trend": 220.881882, "fair_value": 199.727535, "relative_strength": -0.997281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.742116, "energy": 96.05665, "activity_lines": [ 235.722664, 228.211817, 223.326681, 222.119153 ] }, { "date": "2026-05-22", "close": 245.369995, "volume": 9787, "typical_volume": 3977.65, "trend": 221.718533, "fair_value": 200.300598, "relative_strength": -0.071281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.338879, "energy": 96.272119, "activity_lines": [ 239.823997, 232.311816, 225.595379, 223.699032 ] }, { "date": "2026-05-29", "close": 247.929993, "volume": 7586, "typical_volume": 4312.3, "trend": 222.505677, "fair_value": 200.867118, "relative_strength": -0.037263, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.546784, "energy": 95.412758, "activity_lines": [ 243.471329, 236.329451, 227.981278, 225.390094 ] }, { "date": "2026-06-05", "close": 249.729996, "volume": 841, "typical_volume": 4283.7, "trend": 223.625832, "fair_value": 201.436522, "relative_strength": 0.996418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.92167, "energy": 94.128557, "activity_lines": [ 246.501329, 239.988542, 230.430009, 227.146501 ] }, { "date": "2026-06-12", "close": 250.600006, "volume": 1027, "typical_volume": 4319.5, "trend": 224.703737, "fair_value": 201.991059, "relative_strength": -1.717398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.799718, "energy": 92.550543, "activity_lines": [ 248.515332, 243.110907, 232.851422, 228.886771 ] }, { "date": "2026-06-19", "close": 255.580002, "volume": 77, "typical_volume": 4245.65, "trend": 226.124102, "fair_value": 202.595141, "relative_strength": -2.217153, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.973141, "energy": 95.314397, "activity_lines": [ 251.381334, 246.41109, 235.613824, 230.878788 ] }, { "date": "2026-06-26", "close": 254.820007, "volume": 45, "typical_volume": 4198.3, "trend": 227.249118, "fair_value": 203.173719, "relative_strength": 0.574188, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.704739, "energy": 91.42213, "activity_lines": [ 253.04067, 248.841273, 238.127571, 232.730136 ] }, { "date": "2026-07-03", "close": 262.119995, "volume": 0, "typical_volume": 4098.15, "trend": 228.543222, "fair_value": 203.80505, "relative_strength": 0.490321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.779964, "energy": 94.523788, "activity_lines": [ 256.503334, 252.070363, 241.160904, 234.97987 ] }, { "date": "2026-07-10", "close": 259.220001, "volume": 1121, "typical_volume": 4105.4, "trend": 229.834881, "fair_value": 204.412961, "relative_strength": -0.157011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.404511, "energy": 80.179038, "activity_lines": [ 258.053334, 254.182182, 243.705095, 236.959017 ] }, { "date": "2026-07-17", "close": 252.25, "volume": 184, "typical_volume": 4067.9, "trend": 230.963459, "fair_value": 204.960265, "relative_strength": -1.363511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.142518, "energy": 67.797034, "activity_lines": [ 256.647334, 254.498, 245.391761, 238.405154 ] }, { "date": "2026-07-24", "close": 251.949997, "volume": 403, "typical_volume": 3750.25, "trend": 232.018111, "fair_value": 205.49235, "relative_strength": -1.230224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.135566, "energy": 65.765429, "activity_lines": [ 255.031332, 254.508909, 246.882571, 239.759124 ] }, { "date": "2026-07-31", "close": 250.270004, "volume": 1318, "typical_volume": 3625.7, "trend": 233.067704, "fair_value": 206.030034, "relative_strength": -2.441567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.063297, "energy": 53.420789, "activity_lines": [ 253.097334, 254.020364, 248.061762, 240.936666 ] }, { "date": "2026-08-07", "close": 260.670013, "volume": 2299, "typical_volume": 3471.2, "trend": 234.252547, "fair_value": 206.647253, "relative_strength": -1.258741, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.000044, "energy": 58.786305, "activity_lines": [ 254.933338, 255.333639, 250.06462, 242.71746 ] } ], "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." } } }