{ "ticker": { "uuid": "16822184-fa96-4393-ad69-145cc834a602", "symbol": "HQY", "name": "HealthEquity Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 83.703, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 80.342, "architecture_energy": 80.476, "architecture_maturity": 25.401, "architecture_confidence": 74.595, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 9.58, "rotation_up": 77.81, "upward_expansion": 93.38, "deceleration": 42.31, "rotation_down": 10.65, "downward_expansion": 17.72 }, "activity_lines": [ 99.949, 96.551455, 92.144524, 89.172194 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 104.63, "trend_reference": 85.937667, "distance_from_trend": 0.21751, "trend_direction": "Weakening", "fair_value": 86.276923, "distance_from_fair_value": 0.212723, "fair_value_direction": "Improving", "relative_strength": 2.137876, "relative_strength_direction": "Improving", "price_momentum": 0.316929, "excess_performance": 0.129475, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.21751, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.011554, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.212723, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.200703, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.021379, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.253854, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.316929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.195288, "read": "Demand-led" } ], "volume": { "latest": 3292508, "relative_activity": 0.740753, "balance": 1.195288, "dry_up": 0.825336, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.065039, "annualized_volatility": 0.322129, "from_high_reference": -0.01682, "from_low_reference": 0.438015 }, "levels": { "trend_reference": 85.937667, "fair_value_reference": 86.276923, "structural_low": 72.76, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 21, "median_return": 0.006332, "positive_rate": 0.52381, "directional_follow_through": 0.52381, "median_excess_return": 0.012518, "regime_survival": 0.619048, "best_return": 0.176184, "worst_return": -0.218416, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.015777, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": -0.045087, "regime_survival": 0.222222, "best_return": 0.279046, "worst_return": -0.183998, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.013663, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.041165, "regime_survival": 0.166667, "best_return": 0.297789, "worst_return": -0.427057, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.062277, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.098727, "regime_survival": 0.25, "best_return": 0.249884, "worst_return": -0.172892, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.071631, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": 0.044647, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-02", "end": "2025-05-23", "tenure": "New", "return": 0.093067, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.108737, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": -0.097747, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-15", "tenure": "Developing", "return": -0.079939, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-22", "end": "2025-09-19", "tenure": "Developing", "return": 0.043643, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-11-14", "tenure": "Developing", "return": 0.054284, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": -0.05024, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.119267, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-04-24", "tenure": "Established", "return": -0.037586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": 0.076092, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-12", "end": "2026-07-10", "tenure": "Developing", "return": 0.068599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.07126, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 67.1, "volume": 2190252, "typical_volume": 2707324.1, "trend": 60.966333, "fair_value": 64.33641, "relative_strength": -9.09114, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.284397, "energy": 57.173312, "activity_lines": [ 67.038667, 65.676, 63.11419, 61.814602 ] }, { "date": "2023-08-25", "close": 68.15, "volume": 2586236, "typical_volume": 2692814.45, "trend": 61.227667, "fair_value": 64.403846, "relative_strength": -8.984173, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.830456, "energy": 58.770932, "activity_lines": [ 67.700667, 66.321636, 63.810619, 62.278065 ] }, { "date": "2023-09-01", "close": 66.42, "volume": 2166368, "typical_volume": 2691979.25, "trend": 61.440333, "fair_value": 64.454808, "relative_strength": -14.141936, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.196117, "energy": 47.805961, "activity_lines": [ 67.426, 66.549818, 64.289143, 62.613054 ] }, { "date": "2023-09-08", "close": 68.03, "volume": 3210684, "typical_volume": 2749380.1, "trend": 61.609667, "fair_value": 64.560385, "relative_strength": -10.568107, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.286365, "energy": 40.364377, "activity_lines": [ 67.579333, 66.952, 64.876524, 63.038194 ] }, { "date": "2023-09-15", "close": 69.03, "volume": 3237367, "typical_volume": 2786335.6, "trend": 61.708333, "fair_value": 64.682885, "relative_strength": -8.282574, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.89657, "energy": 40.83929, "activity_lines": [ 67.995333, 67.447091, 65.507905, 63.516925 ] }, { "date": "2023-09-22", "close": 72.65, "volume": 4314619, "typical_volume": 2872673.35, "trend": 61.974333, "fair_value": 64.843654, "relative_strength": 0.423016, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.579088, "energy": 50.647821, "activity_lines": [ 69.63, 68.571455, 66.409857, 64.222839 ] }, { "date": "2023-09-29", "close": 73.05, "volume": 3492666, "typical_volume": 2948001.0, "trend": 62.210667, "fair_value": 64.977436, "relative_strength": 1.348344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.535234, "energy": 63.245638, "activity_lines": [ 71.028, 69.578727, 67.264667, 64.937398 ] }, { "date": "2023-10-06", "close": 74.62, "volume": 3780111, "typical_volume": 3020791.4, "trend": 62.642, "fair_value": 65.101923, "relative_strength": 2.162846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.716829, "energy": 73.424565, "activity_lines": [ 72.622667, 70.684182, 68.184286, 65.738 ] }, { "date": "2023-10-13", "close": 74.5, "volume": 2577640, "typical_volume": 3048933.0, "trend": 63.264333, "fair_value": 65.23141, "relative_strength": 2.528909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.799368, "energy": 76.744313, "activity_lines": [ 73.630667, 71.589091, 69.007476, 66.503032 ] }, { "date": "2023-10-20", "close": 73.11, "volume": 2747274, "typical_volume": 3061115.05, "trend": 63.834, "fair_value": 65.330449, "relative_strength": 4.35515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.654116, "energy": 66.82157, "activity_lines": [ 73.744, 72.104364, 69.605905, 67.138237 ] }, { "date": "2023-10-27", "close": 70.99, "volume": 2433470, "typical_volume": 2898743.4, "trend": 64.243333, "fair_value": 65.455449, "relative_strength": 4.747935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.519548, "energy": 45.926274, "activity_lines": [ 72.878667, 72.163273, 69.936476, 67.599914 ] }, { "date": "2023-11-03", "close": 64.14, "volume": 5388068, "typical_volume": 2988098.55, "trend": 64.481667, "fair_value": 65.527436, "relative_strength": -10.104324, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.792182, "energy": 14.401534, "activity_lines": [ 69.840667, 70.906, 69.585333, 67.593247 ] }, { "date": "2023-11-10", "close": 68.99, "volume": 2659806, "typical_volume": 2988062.95, "trend": 64.878667, "fair_value": 65.535962, "relative_strength": -5.643476, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.44355, "energy": 20.684284, "activity_lines": [ 69.013333, 70.603455, 69.688238, 67.884108 ] }, { "date": "2023-11-17", "close": 67.31, "volume": 3994418, "typical_volume": 3056159.15, "trend": 65.213333, "fair_value": 65.522436, "relative_strength": -9.373157, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.820105, "energy": 20.185277, "activity_lines": [ 68.001333, 69.948727, 69.58781, 68.040968 ] }, { "date": "2023-11-24", "close": 68.49, "volume": 1445043, "typical_volume": 2998880.8, "trend": 65.714667, "fair_value": 65.496731, "relative_strength": -8.206652, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.180301, "energy": 17.452986, "activity_lines": [ 67.862, 69.521636, 69.579905, 68.252366 ] }, { "date": "2023-12-01", "close": 69.39, "volume": 3366144, "typical_volume": 2962134.75, "trend": 66.202667, "fair_value": 65.488974, "relative_strength": -6.657513, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.645521, "energy": 10.324613, "activity_lines": [ 68.330667, 69.268, 69.652714, 68.489484 ] }, { "date": "2023-12-08", "close": 68.48, "volume": 5204035, "typical_volume": 3094238.4, "trend": 66.643333, "fair_value": 65.513654, "relative_strength": -7.954535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.944876, "energy": 7.902907, "activity_lines": [ 68.602667, 68.908182, 69.604667, 68.636409 ] }, { "date": "2023-12-15", "close": 62.44, "volume": 7520575, "typical_volume": 3370355.85, "trend": 66.832333, "fair_value": 65.495577, "relative_strength": -18.230585, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.084484, "energy": 22.341012, "activity_lines": [ 66.572, 67.533273, 68.954095, 68.365226 ] }, { "date": "2023-12-22", "close": 65.81, "volume": 3749354, "typical_volume": 3417694.1, "trend": 67.189333, "fair_value": 65.479423, "relative_strength": -14.008178, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -16.706452, "energy": 23.493852, "activity_lines": [ 66.101333, 66.992545, 68.635667, 68.299269 ] }, { "date": "2023-12-29", "close": 66.3, "volume": 2018089, "typical_volume": 3404110.95, "trend": 67.424, "fair_value": 65.457564, "relative_strength": -13.019301, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -15.440036, "energy": 28.663793, "activity_lines": [ 65.894, 66.698909, 68.369429, 68.241892 ] }, { "date": "2024-01-05", "close": 67.95, "volume": 3071590, "typical_volume": 3448177.85, "trend": 67.528, "fair_value": 65.410641, "relative_strength": -7.455649, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.22945, "energy": 28.275044, "activity_lines": [ 66.382667, 66.829091, 68.27419, 68.275828 ] }, { "date": "2024-01-12", "close": 72.39, "volume": 3843101, "typical_volume": 3511021.1, "trend": 67.858, "fair_value": 65.38359, "relative_strength": -4.115635, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.63331, "energy": 12.38716, "activity_lines": [ 68.447333, 67.821818, 68.597762, 68.589505 ] }, { "date": "2024-01-19", "close": 73.16, "volume": 3033587, "typical_volume": 3554382.05, "trend": 68.300333, "fair_value": 65.305385, "relative_strength": -5.465574, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.660683, "energy": 29.653589, "activity_lines": [ 70.508, 68.804545, 68.974476, 68.93157 ] }, { "date": "2024-01-26", "close": 76.87, "volume": 3912607, "typical_volume": 3589478.2, "trend": 68.758, "fair_value": 65.262564, "relative_strength": -1.043663, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.660982, "energy": 53.10057, "activity_lines": [ 73.090667, 70.386, 69.672429, 69.484452 ] }, { "date": "2024-02-02", "close": 77.33, "volume": 2782307, "typical_volume": 3566725.2, "trend": 69.087667, "fair_value": 65.214423, "relative_strength": -1.480383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.096192, "energy": 72.943234, "activity_lines": [ 75.089333, 71.877273, 70.372095, 70.037484 ] }, { "date": "2024-02-09", "close": 79.61, "volume": 1957354, "typical_volume": 3448861.95, "trend": 69.667667, "fair_value": 65.179038, "relative_strength": -0.133466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.96588, "energy": 80.19641, "activity_lines": [ 77.112667, 73.622364, 71.249381, 70.716344 ] }, { "date": "2024-02-16", "close": 81.29, "volume": 2756086, "typical_volume": 3412032.95, "trend": 70.285667, "fair_value": 65.191603, "relative_strength": 3.860228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.572792, "energy": 83.002994, "activity_lines": [ 78.918667, 75.487091, 72.253524, 71.466172 ] }, { "date": "2024-02-23", "close": 82.23, "volume": 1981060, "typical_volume": 3322080.4, "trend": 70.867, "fair_value": 65.190833, "relative_strength": 3.950755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.908512, "energy": 82.42407, "activity_lines": [ 80.444667, 77.289818, 73.307952, 72.236774 ] }, { "date": "2024-03-01", "close": 81.05, "volume": 3039371, "typical_volume": 3345166.95, "trend": 71.336333, "fair_value": 65.201026, "relative_strength": 0.8543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.476705, "energy": 76.692376, "activity_lines": [ 80.972667, 78.518182, 74.213762, 72.893742 ] }, { "date": "2024-03-08", "close": 81.09, "volume": 2173830, "typical_volume": 3316494.75, "trend": 71.732333, "fair_value": 65.213333, "relative_strength": 2.75319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.527786, "energy": 70.619537, "activity_lines": [ 81.235333, 79.476727, 75.09219, 73.523011 ] }, { "date": "2024-03-15", "close": 81.44, "volume": 2453702, "typical_volume": 3317506.35, "trend": 72.210333, "fair_value": 65.275705, "relative_strength": 4.369515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.684565, "energy": 66.655062, "activity_lines": [ 81.364, 80.23, 75.965952, 74.149312 ] }, { "date": "2024-03-22", "close": 79.63, "volume": 3766233, "typical_volume": 3236414.6, "trend": 72.593, "fair_value": 65.337436, "relative_strength": -0.896736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.215234, "energy": 49.311158, "activity_lines": [ 80.767333, 80.408909, 76.617571, 74.628 ] }, { "date": "2024-03-29", "close": 81.63, "volume": 2230192, "typical_volume": 3214933.9, "trend": 73.1, "fair_value": 65.424103, "relative_strength": 2.138002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.719497, "energy": 46.952329, "activity_lines": [ 80.948, 80.819818, 77.385905, 75.211032 ] }, { "date": "2024-04-05", "close": 79.39, "volume": 3512975, "typical_volume": 3190861.75, "trend": 73.478667, "fair_value": 65.48859, "relative_strength": 0.135094, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.622256, "energy": 35.456496, "activity_lines": [ 80.422, 80.669455, 77.880714, 75.616839 ] }, { "date": "2024-04-12", "close": 79.85, "volume": 2735641, "typical_volume": 3255391.65, "trend": 73.839333, "fair_value": 65.545385, "relative_strength": 1.201141, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.052186, "energy": 30.575269, "activity_lines": [ 80.16, 80.556909, 78.36181, 76.027892 ] }, { "date": "2024-04-19", "close": 80.89, "volume": 2538958, "typical_volume": 3214032.35, "trend": 74.114, "fair_value": 65.592564, "relative_strength": 8.208959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.049259, "energy": 32.002636, "activity_lines": [ 80.327333, 80.587636, 78.887857, 76.482774 ] }, { "date": "2024-04-26", "close": 80.26, "volume": 2542178, "typical_volume": 3080939.5, "trend": 74.354333, "fair_value": 65.620064, "relative_strength": 3.079846, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.488741, "energy": 28.270804, "activity_lines": [ 80.321333, 80.480545, 79.299143, 76.87929 ] }, { "date": "2024-05-03", "close": 78.55, "volume": 2620135, "typical_volume": 2835917.5, "trend": 74.485333, "fair_value": 65.645833, "relative_strength": -0.257001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.442905, "energy": 24.151962, "activity_lines": [ 79.703333, 80.081273, 79.491476, 77.149978 ] }, { "date": "2024-05-10", "close": 77.33, "volume": 3263616, "typical_volume": 2811630.6, "trend": 74.579667, "fair_value": 65.664423, "relative_strength": -3.306658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.778506, "energy": 16.100043, "activity_lines": [ 78.884, 79.527091, 79.490905, 77.333505 ] }, { "date": "2024-05-17", "close": 79.21, "volume": 2613508, "typical_volume": 2841401.55, "trend": 74.783, "fair_value": 65.671282, "relative_strength": -3.13927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.493968, "energy": 13.107192, "activity_lines": [ 78.828667, 79.382364, 79.614524, 77.632237 ] }, { "date": "2024-05-24", "close": 79.27, "volume": 1885523, "typical_volume": 2782098.2, "trend": 75.059, "fair_value": 65.646603, "relative_strength": -4.51705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.024544, "energy": 13.228472, "activity_lines": [ 78.836, 79.282727, 79.682381, 77.92172 ] }, { "date": "2024-05-31", "close": 81.68, "volume": 3264724, "typical_volume": 2753179.35, "trend": 75.643667, "fair_value": 65.650321, "relative_strength": -0.171559, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.394736, "energy": 20.570795, "activity_lines": [ 79.754667, 79.660727, 79.925857, 78.348882 ] }, { "date": "2024-06-07", "close": 85.25, "volume": 4589206, "typical_volume": 2830960.3, "trend": 76.185667, "fair_value": 65.693526, "relative_strength": 1.434245, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.246146, "energy": 46.320106, "activity_lines": [ 81.768667, 80.650545, 80.465095, 78.968645 ] }, { "date": "2024-06-14", "close": 82.48, "volume": 3388737, "typical_volume": 2804766.8, "trend": 76.691333, "fair_value": 65.726282, "relative_strength": -5.197083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.844615, "energy": 44.637765, "activity_lines": [ 82.412667, 81.070909, 80.682952, 79.374731 ] }, { "date": "2024-06-21", "close": 83.64, "volume": 2480624, "typical_volume": 2789682.65, "trend": 77.196333, "fair_value": 65.728205, "relative_strength": -4.144383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.349596, "energy": 54.111441, "activity_lines": [ 83.1, 81.646, 80.984571, 79.823032 ] }, { "date": "2024-06-28", "close": 86.2, "volume": 2845922, "typical_volume": 2834111.05, "trend": 77.756667, "fair_value": 65.750962, "relative_strength": -1.23031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.746198, "energy": 65.141844, "activity_lines": [ 84.345333, 82.617636, 81.499952, 80.403914 ] }, { "date": "2024-07-05", "close": 82.57, "volume": 1935573, "typical_volume": 2793085.4, "trend": 78.226333, "fair_value": 65.772308, "relative_strength": -8.457255, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.117885, "energy": 38.714895, "activity_lines": [ 83.918667, 82.832727, 81.638238, 80.714452 ] }, { "date": "2024-07-12", "close": 76.49, "volume": 3371336, "typical_volume": 2862599.2, "trend": 78.694667, "fair_value": 65.782051, "relative_strength": -14.872288, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.819675, "energy": 10.819797, "activity_lines": [ 81.406, 81.900364, 81.191381, 80.60243 ] }, { "date": "2024-07-19", "close": 73.38, "volume": 4371724, "typical_volume": 2929216.85, "trend": 78.947, "fair_value": 65.775385, "relative_strength": -14.844364, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.441159, "energy": 20.629661, "activity_lines": [ 78.440667, 80.44, 80.475667, 80.259548 ] }, { "date": "2024-07-26", "close": 80.98, "volume": 3758728, "typical_volume": 3008461.75, "trend": 79.436333, "fair_value": 65.820256, "relative_strength": -3.583189, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.999046, "energy": 15.901154, "activity_lines": [ 78.615333, 80.433273, 80.520286, 80.39071 ] }, { "date": "2024-08-02", "close": 71.41, "volume": 3916277, "typical_volume": 3081590.5, "trend": 79.551667, "fair_value": 65.808974, "relative_strength": -12.077124, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.184567, "energy": 35.654253, "activity_lines": [ 75.777333, 78.654364, 79.654, 79.872882 ] }, { "date": "2024-08-09", "close": 71.17, "volume": 4119097, "typical_volume": 3099233.7, "trend": 79.511, "fair_value": 65.82641, "relative_strength": -12.395226, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.398996, "energy": 64.013624, "activity_lines": [ 73.845333, 76.974727, 78.812619, 79.332129 ] }, { "date": "2024-08-16", "close": 74.88, "volume": 2294696, "typical_volume": 3102458.9, "trend": 79.568333, "fair_value": 65.901923, "relative_strength": -12.315569, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.94931, "energy": 53.171943, "activity_lines": [ 73.91, 76.160727, 78.364857, 79.033355 ] }, { "date": "2024-08-23", "close": 76.62, "volume": 2141189, "typical_volume": 3033869.6, "trend": 79.56, "fair_value": 65.971346, "relative_strength": -10.931844, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.787014, "energy": 48.485994, "activity_lines": [ 74.662, 75.851636, 78.114952, 78.84314 ] }, { "date": "2024-08-30", "close": 79.56, "volume": 2153095, "typical_volume": 3004742.3, "trend": 79.634333, "fair_value": 66.06609, "relative_strength": -6.689039, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.97202, "energy": 23.698904, "activity_lines": [ 76.178, 76.183636, 78.158238, 78.84314 ] }, { "date": "2024-09-06", "close": 76.24, "volume": 4411806, "typical_volume": 3098384.7, "trend": 79.522, "fair_value": 66.145897, "relative_strength": -4.944297, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.164001, "energy": 15.305085, "activity_lines": [ 76.682, 75.986182, 77.886714, 78.624151 ] }, { "date": "2024-09-13", "close": 78.23, "volume": 2846538, "typical_volume": 3113602.7, "trend": 79.42, "fair_value": 66.236731, "relative_strength": -7.70453, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.873809, "energy": 16.248955, "activity_lines": [ 77.527333, 76.331636, 77.826857, 78.540796 ] }, { "date": "2024-09-20", "close": 79.53, "volume": 3301425, "typical_volume": 3147667.2, "trend": 79.33, "fair_value": 66.322821, "relative_strength": -7.158787, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.876143, "energy": 14.001194, "activity_lines": [ 78.335333, 76.992364, 77.900476, 78.547892 ] }, { "date": "2024-09-27", "close": 79.93, "volume": 2211300, "typical_volume": 3095051.4, "trend": 79.292667, "fair_value": 66.407179, "relative_strength": -7.235298, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.136763, "energy": 12.308978, "activity_lines": [ 78.966667, 77.670545, 78.007524, 78.586602 ] }, { "date": "2024-10-04", "close": 83.09, "volume": 3142099, "typical_volume": 3121480.95, "trend": 79.359333, "fair_value": 66.525321, "relative_strength": -3.307737, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.943943, "energy": 18.859853, "activity_lines": [ 80.430667, 78.804182, 78.403143, 78.831591 ] }, { "date": "2024-10-11", "close": 85.42, "volume": 2669747, "typical_volume": 3160692.15, "trend": 79.492, "fair_value": 66.668077, "relative_strength": -1.46714, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.649692, "energy": 36.103389, "activity_lines": [ 82.436, 80.323091, 79.00219, 79.222602 ] }, { "date": "2024-10-18", "close": 87.68, "volume": 2315534, "typical_volume": 3113232.65, "trend": 79.760333, "fair_value": 66.796859, "relative_strength": 1.248127, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.346633, "energy": 55.473546, "activity_lines": [ 84.582667, 81.998182, 79.78719, 79.75086 ] }, { "date": "2024-10-25", "close": 88.07, "volume": 1808678, "typical_volume": 2974206.25, "trend": 79.975, "fair_value": 66.937179, "relative_strength": 1.850373, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.045778, "energy": 72.86586, "activity_lines": [ 86.229333, 83.444, 80.580762, 80.286968 ] }, { "date": "2024-11-01", "close": 86.33, "volume": 2305646, "typical_volume": 2920051.7, "trend": 80.206333, "fair_value": 67.053141, "relative_strength": 1.437568, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.686822, "energy": 71.789365, "activity_lines": [ 86.726667, 84.333636, 81.19519, 80.696968 ] }, { "date": "2024-11-08", "close": 98.82, "volume": 5196471, "typical_volume": 3055844.05, "trend": 80.838667, "fair_value": 67.252756, "relative_strength": 9.976564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.537214, "energy": 87.344831, "activity_lines": [ 90.960667, 87.317636, 82.98081, 81.897849 ] }, { "date": "2024-11-15", "close": 98.98, "volume": 4010406, "typical_volume": 3114068.25, "trend": 81.441667, "fair_value": 67.494038, "relative_strength": 13.754625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.995489, "energy": 89.693292, "activity_lines": [ 94.199333, 89.980545, 84.709381, 83.068258 ] }, { "date": "2024-11-22", "close": 104.25, "volume": 4394012, "typical_volume": 3236990.2, "trend": 82.241333, "fair_value": 67.794423, "relative_strength": 17.253121, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.035045, "energy": 94.022123, "activity_lines": [ 98.290667, 93.188182, 86.879, 84.539763 ] }, { "date": "2024-11-29", "close": 101.54, "volume": 2446375, "typical_volume": 3190742.15, "trend": 83.007667, "fair_value": 68.097244, "relative_strength": 13.07234, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.839044, "energy": 89.378642, "activity_lines": [ 100.374, 95.43, 88.687286, 85.784839 ] }, { "date": "2024-12-06", "close": 100.21, "volume": 3133978, "typical_volume": 3128854.85, "trend": 83.770333, "fair_value": 68.477756, "relative_strength": 7.872074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.484587, "energy": 86.179792, "activity_lines": [ 101.116, 97.029818, 90.249619, 86.894667 ] }, { "date": "2024-12-13", "close": 95.62, "volume": 5337452, "typical_volume": 3207791.05, "trend": 84.317333, "fair_value": 68.831538, "relative_strength": 1.866288, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.002022, "energy": 61.962277, "activity_lines": [ 99.402667, 97.426364, 91.247048, 87.659161 ] }, { "date": "2024-12-20", "close": 94.95, "volume": 6416838, "typical_volume": 3332819.1, "trend": 84.84, "fair_value": 69.152372, "relative_strength": 3.230327, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.747966, "energy": 49.024999, "activity_lines": [ 97.679333, 97.473273, 92.110952, 88.34514 ] }, { "date": "2024-12-27", "close": 96.3, "volume": 1691130, "typical_volume": 3211420.75, "trend": 85.327333, "fair_value": 69.48609, "relative_strength": 3.510903, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.281831, "energy": 35.624461, "activity_lines": [ 96.674667, 97.592364, 92.991333, 89.084495 ] }, { "date": "2025-01-03", "close": 97.47, "volume": 1943237, "typical_volume": 3193847.8, "trend": 85.734667, "fair_value": 69.819872, "relative_strength": 5.394154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.648244, "energy": 30.143605, "activity_lines": [ 96.59, 97.767455, 93.863476, 89.867892 ] }, { "date": "2025-01-10", "close": 100.32, "volume": 3068868, "typical_volume": 3240231.75, "trend": 86.329333, "fair_value": 70.142821, "relative_strength": 10.673249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.510204, "energy": 36.787421, "activity_lines": [ 97.726667, 98.289818, 94.899476, 90.808882 ] }, { "date": "2025-01-17", "close": 102.42, "volume": 4943207, "typical_volume": 3379737.35, "trend": 86.955333, "fair_value": 70.479038, "relative_strength": 9.584598, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.364558, "energy": 47.60809, "activity_lines": [ 99.556, 98.939636, 96.022619, 91.846989 ] }, { "date": "2025-01-24", "close": 106.88, "volume": 2509345, "typical_volume": 3284614.3, "trend": 87.644667, "fair_value": 70.835449, "relative_strength": 12.419498, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.962525, "energy": 61.189694, "activity_lines": [ 102.418667, 100.334909, 97.461667, 93.132452 ] }, { "date": "2025-01-31", "close": 110.42, "volume": 3267013, "typical_volume": 3305638.05, "trend": 88.573, "fair_value": 71.192115, "relative_strength": 17.396697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.22639, "energy": 75.220896, "activity_lines": [ 105.666, 102.230182, 99.091952, 94.601828 ] }, { "date": "2025-02-07", "close": 111.52, "volume": 4041414, "typical_volume": 3342637.5, "trend": 89.740667, "fair_value": 71.538397, "relative_strength": 18.044794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.050061, "energy": 87.525466, "activity_lines": [ 108.338667, 104.213273, 100.673714, 96.08228 ] }, { "date": "2025-02-14", "close": 112.69, "volume": 3981938, "typical_volume": 3431169.4, "trend": 91.051, "fair_value": 71.926218, "relative_strength": 15.667523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.698085, "energy": 89.665586, "activity_lines": [ 110.464667, 106.227636, 102.214571, 97.562882 ] }, { "date": "2025-02-21", "close": 108.6, "volume": 2120511, "typical_volume": 3380090.0, "trend": 91.971667, "fair_value": 72.281026, "relative_strength": 13.820758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.559559, "energy": 80.431088, "activity_lines": [ 110.402667, 107.271455, 103.209905, 98.695075 ] }, { "date": "2025-02-28", "close": 109.76, "volume": 3580370, "typical_volume": 3425621.15, "trend": 93.25, "fair_value": 72.649103, "relative_strength": 18.67529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.579925, "energy": 58.917838, "activity_lines": [ 110.315333, 108.290182, 104.194238, 99.84271 ] }, { "date": "2025-03-07", "close": 100.58, "volume": 4083651, "typical_volume": 3514027.0, "trend": 94.230333, "fair_value": 72.96141, "relative_strength": 12.149964, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.45106, "energy": 36.092199, "activity_lines": [ 106.976, 107.370545, 104.188381, 100.315613 ] }, { "date": "2025-03-14", "close": 97.41, "volume": 4537174, "typical_volume": 3650451.8, "trend": 94.981333, "fair_value": 73.211154, "relative_strength": 11.194559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.720238, "energy": 18.232531, "activity_lines": [ 103.236, 105.796727, 103.81919, 100.520753 ] }, { "date": "2025-03-21", "close": 84.88, "volume": 13352673, "typical_volume": 4202803.15, "trend": 95.256667, "fair_value": 73.342885, "relative_strength": -3.318973, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -20.014116, "energy": 29.516942, "activity_lines": [ 96.26, 101.945818, 102.21219, 99.869054 ] }, { "date": "2025-03-28", "close": 86.96, "volume": 7400253, "typical_volume": 4312992.25, "trend": 95.503333, "fair_value": 73.46859, "relative_strength": 1.410749, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.383337, "energy": 43.192214, "activity_lines": [ 91.831333, 98.753818, 100.81019, 99.333785 ] }, { "date": "2025-04-04", "close": 78.8, "volume": 5974634, "typical_volume": 4411203.65, "trend": 95.588667, "fair_value": 73.542372, "relative_strength": 1.899885, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.203773, "energy": 63.148414, "activity_lines": [ 86.125333, 94.359273, 98.687524, 98.256151 ] }, { "date": "2025-04-11", "close": 82.2, "volume": 7652433, "typical_volume": 4574124.7, "trend": 95.721, "fair_value": 73.620513, "relative_strength": -1.100955, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.406638, "energy": 68.33209, "activity_lines": [ 83.616667, 91.093455, 96.984762, 97.392366 ] }, { "date": "2025-04-18", "close": 84.52, "volume": 3125271, "typical_volume": 4608069.5, "trend": 95.887333, "fair_value": 73.734551, "relative_strength": 4.113967, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.277166, "energy": 65.972067, "activity_lines": [ 83.106667, 88.762545, 95.607952, 96.66972 ] }, { "date": "2025-04-25", "close": 85.87, "volume": 4248382, "typical_volume": 4663789.7, "trend": 96.085333, "fair_value": 73.885513, "relative_strength": -0.53451, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.445741, "energy": 59.993899, "activity_lines": [ 83.906, 87.168, 94.440762, 96.023441 ] }, { "date": "2025-05-02", "close": 90.58, "volume": 4662609, "typical_volume": 4630047.55, "trend": 96.335, "fair_value": 74.089231, "relative_strength": 1.388203, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.601749, "energy": 39.696966, "activity_lines": [ 86.209333, 86.917455, 93.790429, 95.668258 ] }, { "date": "2025-05-09", "close": 90.4, "volume": 4321374, "typical_volume": 4525274.35, "trend": 96.501, "fair_value": 74.298974, "relative_strength": 1.266352, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.906048, "energy": 26.893263, "activity_lines": [ 88.211333, 86.961818, 93.146952, 95.285355 ] }, { "date": "2025-05-16", "close": 98.23, "volume": 5263468, "typical_volume": 4703891.25, "trend": 96.852667, "fair_value": 74.548974, "relative_strength": 2.831441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.804647, "energy": 18.725583, "activity_lines": [ 92.05, 88.781818, 93.270857, 95.396903 ] }, { "date": "2025-05-23", "close": 99.01, "volume": 4846704, "typical_volume": 4849064.6, "trend": 97.217333, "fair_value": 74.78109, "relative_strength": 5.919855, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.09899, "energy": 19.011887, "activity_lines": [ 95.08, 90.786364, 93.459857, 95.536086 ] }, { "date": "2025-05-30", "close": 100.61, "volume": 3581913, "typical_volume": 4874716.85, "trend": 97.693333, "fair_value": 75.015385, "relative_strength": 5.458184, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.181011, "energy": 20.191337, "activity_lines": [ 97.677333, 93.052727, 93.793905, 95.754968 ] }, { "date": "2025-06-06", "close": 111.55, "volume": 9753019, "typical_volume": 5115207.45, "trend": 98.117667, "fair_value": 75.319872, "relative_strength": 14.238409, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.173683, "energy": 38.414619, "activity_lines": [ 102.938667, 97.022182, 95.168476, 96.648946 ] }, { "date": "2025-06-13", "close": 104.76, "volume": 5104007, "typical_volume": 5244940.55, "trend": 98.310333, "fair_value": 75.552115, "relative_strength": 7.599576, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.081664, "energy": 41.87908, "activity_lines": [ 104.538667, 99.31, 95.852905, 97.077484 ] }, { "date": "2025-06-20", "close": 101.3, "volume": 5294469, "typical_volume": 5346313.35, "trend": 98.212, "fair_value": 75.773205, "relative_strength": 3.88722, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.027159, "energy": 46.863616, "activity_lines": [ 104.028, 100.496727, 96.217905, 97.270366 ] }, { "date": "2025-06-27", "close": 104.88, "volume": 4586305, "typical_volume": 5373557.9, "trend": 98.323333, "fair_value": 76.075833, "relative_strength": 3.159995, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.124279, "energy": 45.493729, "activity_lines": [ 104.506, 101.987091, 96.967286, 97.700559 ] }, { "date": "2025-07-04", "close": 102.16, "volume": 3867119, "typical_volume": 5367816.95, "trend": 98.388333, "fair_value": 76.310577, "relative_strength": -1.151397, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.298718, "energy": 22.248326, "activity_lines": [ 103.686, 102.612727, 97.489238, 97.948086 ] }, { "date": "2025-07-11", "close": 94.52, "volume": 4865801, "typical_volume": 5505081.45, "trend": 98.351667, "fair_value": 76.538333, "relative_strength": -8.353712, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -7.624968, "energy": 7.218942, "activity_lines": [ 100.216, 101.553091, 97.333714, 97.698516 ] }, { "date": "2025-07-18", "close": 97.7, "volume": 5048736, "typical_volume": 5578499.75, "trend": 98.443333, "fair_value": 76.799551, "relative_strength": -6.643396, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.023518, "energy": 7.59033, "activity_lines": [ 98.941333, 101.0, 97.548095, 97.656473 ] }, { "date": "2025-07-25", "close": 96.04, "volume": 3022624, "typical_volume": 5525448.4, "trend": 98.434667, "fair_value": 77.042308, "relative_strength": -8.998278, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.673588, "energy": 12.735209, "activity_lines": [ 97.584, 100.012364, 97.66181, 97.501419 ] }, { "date": "2025-08-01", "close": 91.06, "volume": 4651891, "typical_volume": 5531184.25, "trend": 98.221, "fair_value": 77.240833, "relative_strength": -11.811254, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -39.253628, "energy": 29.748193, "activity_lines": [ 94.917333, 98.159091, 97.322857, 97.025634 ] }, { "date": "2025-08-08", "close": 93.05, "volume": 4890230, "typical_volume": 5108062.1, "trend": 97.978667, "fair_value": 77.441923, "relative_strength": -13.153424, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.540138, "energy": 29.836801, "activity_lines": [ 93.835333, 96.812182, 97.203667, 96.692022 ] }, { "date": "2025-08-15", "close": 89.89, "volume": 4476184, "typical_volume": 4961858.65, "trend": 97.561, "fair_value": 77.62391, "relative_strength": -16.483945, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -53.598932, "energy": 43.981771, "activity_lines": [ 92.307333, 95.028182, 96.744619, 96.170172 ] }, { "date": "2025-08-22", "close": 89.82, "volume": 4354736, "typical_volume": 4880863.75, "trend": 96.992333, "fair_value": 77.792244, "relative_strength": -15.735248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.252173, "energy": 52.142451, "activity_lines": [ 91.064667, 93.625273, 96.264952, 95.670753 ] }, { "date": "2025-08-29", "close": 89.33, "volume": 5201227, "typical_volume": 4758303.45, "trend": 96.289333, "fair_value": 77.954679, "relative_strength": -15.865553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.442812, "energy": 49.670625, "activity_lines": [ 90.184, 92.404909, 95.686143, 95.176409 ] }, { "date": "2025-09-05", "close": 91.48, "volume": 10373681, "typical_volume": 5120723.95, "trend": 95.621333, "fair_value": 78.111987, "relative_strength": -14.580701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.28763, "energy": 45.769495, "activity_lines": [ 90.467333, 91.793091, 95.278143, 94.866129 ] }, { "date": "2025-09-12", "close": 92.49, "volume": 4175311, "typical_volume": 5117070.4, "trend": 94.948, "fair_value": 78.247436, "relative_strength": -15.129216, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.208676, "energy": 31.700838, "activity_lines": [ 91.059333, 91.608545, 94.93319, 94.664108 ] }, { "date": "2025-09-19", "close": 93.74, "volume": 5124343, "typical_volume": 5140157.1, "trend": 94.452667, "fair_value": 78.388526, "relative_strength": -15.721716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -4.110323, "energy": 9.694809, "activity_lines": [ 92.105333, 91.827091, 94.675762, 94.586172 ] }, { "date": "2025-09-26", "close": 96.53, "volume": 4331919, "typical_volume": 5140684.35, "trend": 94.011667, "fair_value": 78.576731, "relative_strength": -12.793461, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.893832, "energy": 7.134919, "activity_lines": [ 93.824667, 92.567091, 94.669, 94.720194 ] }, { "date": "2025-10-03", "close": 88.59, "volume": 4525949, "typical_volume": 5103808.4, "trend": 93.612, "fair_value": 78.713077, "relative_strength": -20.721787, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.099894, "energy": 10.511283, "activity_lines": [ 92.45, 91.884727, 93.876857, 94.370409 ] }, { "date": "2025-10-10", "close": 90.52, "volume": 4133211, "typical_volume": 5068133.75, "trend": 93.382333, "fair_value": 78.838013, "relative_strength": -16.938008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.00189, "energy": 10.101296, "activity_lines": [ 91.768, 91.688727, 93.314429, 94.170925 ] }, { "date": "2025-10-17", "close": 91.46, "volume": 4181827, "typical_volume": 5098129.45, "trend": 93.601667, "fair_value": 78.939551, "relative_strength": -17.851474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.232506, "energy": 14.7308, "activity_lines": [ 91.463333, 91.673455, 92.881952, 94.046903 ] }, { "date": "2025-10-24", "close": 96.5, "volume": 4150861, "typical_volume": 4818021.55, "trend": 93.919667, "fair_value": 79.068397, "relative_strength": -14.975943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.252732, "energy": 7.487355, "activity_lines": [ 92.907333, 92.603455, 92.973048, 94.233892 ] }, { "date": "2025-10-31", "close": 94.58, "volume": 3600308, "typical_volume": 4742836.6, "trend": 94.445667, "fair_value": 79.185513, "relative_strength": -18.015751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.909078, "energy": 9.688051, "activity_lines": [ 93.527333, 93.064182, 92.952952, 94.276495 ] }, { "date": "2025-11-07", "close": 93.71, "volume": 3429392, "typical_volume": 4649582.75, "trend": 94.829333, "fair_value": 79.375, "relative_strength": -15.845794, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.882491, "energy": 12.643503, "activity_lines": [ 93.987333, 93.280182, 92.898476, 94.229032 ] }, { "date": "2025-11-14", "close": 101.77, "volume": 4563532, "typical_volume": 4648444.1, "trend": 95.404333, "fair_value": 79.632308, "relative_strength": -8.154106, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.62236, "energy": 32.406326, "activity_lines": [ 96.792667, 94.882, 93.647762, 94.676817 ] }, { "date": "2025-11-21", "close": 101.91, "volume": 4957533, "typical_volume": 4702964.8, "trend": 95.939, "fair_value": 79.884872, "relative_strength": -4.751749, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.481481, "energy": 47.166535, "activity_lines": [ 98.894667, 96.322182, 94.42519, 95.096538 ] }, { "date": "2025-11-28", "close": 105.18, "volume": 2307680, "typical_volume": 4575058.75, "trend": 96.425667, "fair_value": 80.139103, "relative_strength": -6.024666, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.773881, "energy": 59.038048, "activity_lines": [ 101.39, 98.185636, 95.515238, 95.692731 ] }, { "date": "2025-12-05", "close": 94.51, "volume": 5816124, "typical_volume": 4613428.15, "trend": 96.562667, "fair_value": 80.344167, "relative_strength": -16.039472, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.884375, "energy": 42.732701, "activity_lines": [ 99.75, 97.901091, 95.538333, 95.56914 ] }, { "date": "2025-12-12", "close": 96.79, "volume": 5536188, "typical_volume": 4739106.35, "trend": 96.514667, "fair_value": 80.575705, "relative_strength": -12.13177, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.434699, "energy": 22.285033, "activity_lines": [ 98.874667, 98.067818, 95.793762, 95.583806 ] }, { "date": "2025-12-19", "close": 95.5, "volume": 4455100, "typical_volume": 4729266.8, "trend": 96.397667, "fair_value": 80.792885, "relative_strength": -13.513554, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.696064, "energy": 8.416634, "activity_lines": [ 97.364, 97.850909, 95.922762, 95.518344 ] }, { "date": "2025-12-26", "close": 93.48, "volume": 2356453, "typical_volume": 4602577.95, "trend": 96.16, "fair_value": 80.996987, "relative_strength": -16.059579, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.130097, "energy": 14.421273, "activity_lines": [ 95.598, 97.176182, 95.838238, 95.330108 ] }, { "date": "2026-01-02", "close": 91.07, "volume": 2152270, "typical_volume": 4486382.25, "trend": 95.477333, "fair_value": 81.192885, "relative_strength": -16.423736, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.833866, "energy": 21.747735, "activity_lines": [ 93.590667, 96.026545, 95.522143, 95.00172 ] }, { "date": "2026-01-09", "close": 94.15, "volume": 5064221, "typical_volume": 4521856.5, "trend": 95.123667, "fair_value": 81.412628, "relative_strength": -15.0163, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.478098, "energy": 18.011458, "activity_lines": [ 93.550667, 95.535636, 95.493762, 94.916086 ] }, { "date": "2026-01-16", "close": 85.37, "volume": 8472050, "typical_volume": 4685397.65, "trend": 94.592667, "fair_value": 81.591859, "relative_strength": -21.763384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.645822, "energy": 46.562858, "activity_lines": [ 90.608, 93.456182, 94.608571, 94.286817 ] }, { "date": "2026-01-23", "close": 84.11, "volume": 4027253, "typical_volume": 4368076.25, "trend": 93.900333, "fair_value": 81.744423, "relative_strength": -22.524158, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.012743, "energy": 66.214871, "activity_lines": [ 88.006667, 91.299273, 93.622238, 93.610516 ] }, { "date": "2026-01-30", "close": 85.67, "volume": 4167567, "typical_volume": 4367689.05, "trend": 93.350667, "fair_value": 81.908718, "relative_strength": -20.32268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.071536, "energy": 67.947756, "activity_lines": [ 86.684667, 89.747091, 92.819571, 93.079527 ] }, { "date": "2026-02-06", "close": 79.45, "volume": 5377250, "typical_volume": 4380334.4, "trend": 92.848333, "fair_value": 82.014487, "relative_strength": -23.915508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.078339, "energy": 78.740156, "activity_lines": [ 83.81, 87.359273, 91.457, 92.18271 ] }, { "date": "2026-02-13", "close": 73.88, "volume": 6486932, "typical_volume": 4488085.05, "trend": 92.054333, "fair_value": 82.064551, "relative_strength": -27.628266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.880357, "energy": 85.934856, "activity_lines": [ 79.853333, 84.426545, 89.632, 90.958946 ] }, { "date": "2026-02-20", "close": 78.895, "volume": 3192552, "typical_volume": 4421415.2, "trend": 91.482833, "fair_value": 82.155737, "relative_strength": -22.909522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.167873, "energy": 78.166477, "activity_lines": [ 78.919667, 82.780727, 88.392476, 90.109957 ] }, { "date": "2026-02-27", "close": 76.49, "volume": 3849820, "typical_volume": 4407245.65, "trend": 90.997167, "fair_value": 82.223237, "relative_strength": -24.283148, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.418568, "energy": 79.575056, "activity_lines": [ 77.616, 81.023, 86.970071, 89.142677 ] }, { "date": "2026-03-06", "close": 78.36, "volume": 4989948, "typical_volume": 4447651.7, "trend": 90.5075, "fair_value": 82.33016, "relative_strength": -20.770934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.286232, "energy": 71.595409, "activity_lines": [ 77.443667, 79.950909, 85.792571, 88.327376 ] }, { "date": "2026-03-13", "close": 77.81, "volume": 3952798, "typical_volume": 4437748.55, "trend": 90.104833, "fair_value": 82.471058, "relative_strength": -19.845237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.935908, "energy": 51.597254, "activity_lines": [ 77.575333, 79.053727, 84.625071, 87.508183 ] }, { "date": "2026-03-20", "close": 81.02, "volume": 6435150, "typical_volume": 4579490.65, "trend": 89.8115, "fair_value": 82.631314, "relative_strength": -14.482205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.863406, "energy": 43.352155, "activity_lines": [ 78.886333, 78.981273, 83.852286, 86.922065 ] }, { "date": "2026-03-27", "close": 82.51, "volume": 3928459, "typical_volume": 4604444.0, "trend": 89.584167, "fair_value": 82.783878, "relative_strength": -9.58282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.239033, "energy": 30.698469, "activity_lines": [ 80.218, 79.418455, 83.285976, 86.451 ] }, { "date": "2026-04-03", "close": 84.67, "volume": 3898589, "typical_volume": 4571196.85, "trend": 89.357167, "fair_value": 82.961314, "relative_strength": -10.31587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.42454, "energy": 20.513524, "activity_lines": [ 82.028667, 80.300364, 82.978714, 86.133957 ] }, { "date": "2026-04-10", "close": 77.96, "volume": 5354187, "typical_volume": 4591029.55, "trend": 88.872833, "fair_value": 83.09516, "relative_strength": -20.435163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.581421, "energy": 22.839126, "activity_lines": [ 81.057333, 79.952091, 82.113833, 85.398656 ] }, { "date": "2026-04-17", "close": 86.04, "volume": 5358155, "typical_volume": 4743553.3, "trend": 88.616167, "fair_value": 83.279583, "relative_strength": -16.716137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.894058, "energy": 17.997253, "activity_lines": [ 82.806, 81.213091, 82.132524, 85.215892 ] }, { "date": "2026-04-24", "close": 82.45, "volume": 4507001, "typical_volume": 4678097.15, "trend": 88.146833, "fair_value": 83.465481, "relative_strength": -21.358674, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.847143, "energy": 16.004957, "activity_lines": [ 82.809333, 81.701545, 81.900452, 84.818075 ] }, { "date": "2026-05-01", "close": 82.4, "volume": 4673835, "typical_volume": 4634979.5, "trend": 87.9405, "fair_value": 83.642724, "relative_strength": -21.998075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.094153, "energy": 10.974217, "activity_lines": [ 82.700667, 82.025091, 81.721048, 84.447312 ] }, { "date": "2026-05-08", "close": 84.84, "volume": 3160539, "typical_volume": 4570251.45, "trend": 87.751167, "fair_value": 83.83234, "relative_strength": -23.247506, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.41386, "energy": 11.747429, "activity_lines": [ 83.412667, 82.728545, 81.842548, 84.24728 ] }, { "date": "2026-05-15", "close": 82.17, "volume": 4934788, "typical_volume": 4699168.2, "trend": 87.4415, "fair_value": 83.99516, "relative_strength": -24.740652, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.976613, "energy": 8.86057, "activity_lines": [ 83.223333, 82.794727, 81.760524, 83.887204 ] }, { "date": "2026-05-22", "close": 88.11, "volume": 5049546, "typical_volume": 4844032.0, "trend": 87.161833, "fair_value": 84.206763, "relative_strength": -19.541682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.288788, "energy": 8.681086, "activity_lines": [ 84.733333, 83.871636, 82.298071, 83.930333 ] }, { "date": "2026-05-29", "close": 87.99, "volume": 5784680, "typical_volume": 4880054.95, "trend": 86.942167, "fair_value": 84.390929, "relative_strength": -21.16309, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.409645, "energy": 16.156953, "activity_lines": [ 86.065333, 84.739455, 82.838286, 83.983763 ] }, { "date": "2026-06-05", "close": 88.67, "volume": 4971397, "typical_volume": 4705022.3, "trend": 86.774167, "fair_value": 84.54375, "relative_strength": -15.892196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.292936, "energy": 29.57802, "activity_lines": [ 87.254667, 85.604182, 83.472595, 84.095237 ] }, { "date": "2026-06-12", "close": 88.34, "volume": 3732156, "typical_volume": 4690267.45, "trend": 86.3265, "fair_value": 84.709455, "relative_strength": -17.276436, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.306932, "energy": 34.654048, "activity_lines": [ 87.916, 86.296909, 84.059762, 84.196258 ] }, { "date": "2026-06-19", "close": 85.21, "volume": 5140967, "typical_volume": 4738937.45, "trend": 85.769833, "fair_value": 84.871763, "relative_strength": -21.489745, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.076227, "energy": 26.497089, "activity_lines": [ 87.300667, 86.353818, 84.32869, 84.124226 ] }, { "date": "2026-06-26", "close": 88.46, "volume": 6140057, "typical_volume": 4777077.8, "trend": 85.2125, "fair_value": 85.034071, "relative_strength": -13.901014, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.953749, "energy": 22.457908, "activity_lines": [ 87.566, 86.869818, 84.909333, 84.297785 ] }, { "date": "2026-07-03", "close": 95.31, "volume": 4079175, "typical_volume": 4656689.95, "trend": 85.239167, "fair_value": 85.212724, "relative_strength": -7.405796, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.505615, "energy": 39.989992, "activity_lines": [ 90.091333, 88.587273, 86.099452, 84.949237 ] }, { "date": "2026-07-10", "close": 94.4, "volume": 3508854, "typical_volume": 4672505.05, "trend": 85.1595, "fair_value": 85.419071, "relative_strength": -9.42661, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.287654, "energy": 56.296477, "activity_lines": [ 91.825333, 89.905455, 87.100857, 85.540258 ] }, { "date": "2026-07-17", "close": 97.67, "volume": 4555742, "typical_volume": 4707801.15, "trend": 85.231833, "fair_value": 85.642917, "relative_strength": -1.771404, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.296914, "energy": 72.474775, "activity_lines": [ 94.267333, 91.6, 88.339857, 86.347387 ] }, { "date": "2026-07-24", "close": 94.635, "volume": 3325834, "typical_volume": 4624595.45, "trend": 85.270333, "fair_value": 85.834231, "relative_strength": -2.863205, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.186066, "energy": 71.425749, "activity_lines": [ 95.075667, 92.509455, 89.188952, 86.954043 ] }, { "date": "2026-07-31", "close": 100.61, "volume": 3499779, "typical_volume": 4601944.5, "trend": 85.588333, "fair_value": 86.049872, "relative_strength": 2.966423, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.63262, "energy": 75.827353, "activity_lines": [ 97.247333, 94.278636, 90.529595, 87.943699 ] }, { "date": "2026-08-07", "close": 104.63, "volume": 3292508, "typical_volume": 4444812.4, "trend": 85.937667, "fair_value": 86.276923, "relative_strength": 2.137876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.342083, "energy": 80.475536, "activity_lines": [ 99.949, 96.551455, 92.144524, 89.172194 ] } ], "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." } } }